NEWCASTLE UNITED managing director Lee Charnley received a 40 per cent pay rise last season, even though the club only secured their Premier League status on the final day of the campaign.

However, Charnley’s annual salary of £150,000 still makes him one of the lowest-paid senior executives in the English top-flight.

Having provided an overview of the accounting period that ended in June 2015 last week, Newcastle released a more detailed breakdown of their finances earlier today as their full accounts were published.

The accounts showed that Charnley’s aggregate renumeration, which takes into account basic pay and bonuses, rose from £106,793 to £150,000 despite him overseeing a bitterly disappointing campaign that was only salvaged when Newcastle beat West Ham on the final day of the season.

They might not be as lucky this time around, as they head into Saturday’s home game with Swansea City six points adrift of safety with just six games remaining.

Charnley’s unsuccessful stewardship is a key factor in Newcastle’s potential relegation, with the managing director having championed the disastrous appointment of Steve McClaren as head coach and pursued a transfer policy that has seen the Magpies stock their squad with a large number of young, unproven players from overseas, most of whom have failed to live up to their billing.

Mike Ashley’s end-of-season review is expected to encompass any perceived boardroom failings, although Charnley’s salary is dwarfed by the pay packages enjoyed by the majority of his Premier League peers. Manchester United executive vice-chairman, Ed Woodward, for example was paid £2.52m in his first season after taking over from David Gill.

Today’s accounts also revealed that Newcastle ended the last financial year with cash reserves of £48.3m, although more than £80m was subsequently spent in the last two transfer windows.

The financial effects of relegation would clearly be devastating, even taking into account the £40m Newcastle would receive as a parachute payment. The Premier League’s lucrative new television deal, which starts next season, guarantees every top-flight side £100m.

In a statement accompanying the accounts, Charnley said: “Payroll costs fell to £65.1m from £78.3m in the prior year, which represents a wages to turnover ratio of 50.5 per cent (2104: 60.3 per cent).

“This reduction principally reflects both the absence of bonus payments this year and the cost and timing in the prior year and some significant changes to the playing and development squad.

“Spend on the playing squad subsequent to the year-end will see the wage bill, and the wages to turnover ratio, rise in 2015-16 to a level more consistent with the club’s business plan.”

Meanwhile, Newcastle have confirmed right-back Daryl Janmaat will miss Saturday's game as a result of the groin problem sustained during last weekend’s 3-1 defeat at Southampton and the hand injury suffered as a result of punching a wall in the dressing room.

Jack Colback will, however, be available after serving a two-match suspension, and is expected to line up at left-back after both Vurnon Anita and Moussa Sissoko struggled in the position.