VICE-chairman Colin Layland remains upbeat about Worcester City’s future, insisting he is “very positive” the cash-strapped club will not fold.

He also revealed City’s chiefs were planning to hold an annual general meeting after getting new accountants on board.

Worcester have dropped three levels into the Midland League Premier Division after resigning from the National League in March.

With money running low concerns have been growing among supporters over the club’s financial plight.

But Layland said he was “content” with how much money City, who have been in exile since 2013, had left in the bank.

“We are protecting what we have got,” said Layland who has been a director at Worcester since 2008.

“We have got a budget for the team and the running of the club and it is going to be worked so we don’t lose any big amounts of money.

“When we were in the Conference it was costing us a fortune with the playing budget and if you are not getting people through the gates to cover that you are obviously going to lose money.”

When asked whether it was the board’s fault for approving a playing budget that City could not afford Layland replied: “I suppose you could be right to an extent but it’s something that has been going on for years and now it has got to end. We can’t do it anymore.”

An annual general meeting was scheduled to be staged in late June but it was cancelled after JFA Chartered Accountants resigned as City’s auditors.

Although Layland refused to say when the meeting would be held he confirmed they had found a new firm to work for them.

“There will be one in the future,” Layland said.

“We have got new accountants now and once that is all sorted (shareholders) will get an AGM.

“I could not say how far in the future that would be but there will be one.”

According to City’s latest abbreviated accounts the club lost £155,362 from 2015 until 2016 which was £34,955 more than the forecasted figure.

Earlier this year the club’s board of directors admitted they were expecting to make a “further significant loss” heading into May.

Layland refuted claims City will go bust but did not say how much money they had left in the bank.

“It is in a good position,” he said.

“It’s not perfect because we have lost a lot of money over the years. But we are content with what we have got.

“We could obviously do more for the future and any future ground we might have we need to have some money to pay for that.

“The club will survive. There will always be a Worcester City, definitely.

“No way will the club fold. I can never guarantee but I am feeling very positive that won’t happen.

“We can manage where we are and work our way back gradually.”

Joint managers Lee Hughes and John Snape are preparing for the league season which kicks off on Saturday with a home clash against Heanor Town at Bromsgrove’s Victoria Ground (3pm).

City won 1-0 at Daventry Town in the FA Cup extra preliminary round at the weekend.

“I feel confident and positive that things are going to go well,” Layland added.

“With the team the managers have put out I think we are going to do well in this league.”