Blues Ladies missed out on securing the domestic cup double after Kim Little’s late strike won the game for Arsenal Ladies in Barnet.
But there’s no doubting Blues gave the Gunners a run for their money throughout the evening in North London.
Bassett said: “Credit to all the players. I’m so proud of every single one of them. We gave our all tonight. We had our chances in both the first and second-half. Likewise Arsenal.
“I think it must have been a good spectacle to watch because there were chances at either end, but it was a great goal by Kim Little.”
The Underhill Stadium is famed for its sloping pitch but Ladies captain Bassett admitted neither side really gained an advantage from the playing surface.
She continued: “It was the same for both teams. I think we tried to get some momentum. I think we played better in the first-half than the second but we’ve just got to take this on the chin. We gave it our all but we were beaten by a quality goal.”
It’s still been a historical campaign for the DCS Stadium outfit, however, as Blues lifted the FA Women’s Cup in May and qualified for Europe again.
Ladies manager David Parker explained: “It’s been a fantastic year. We’ve got to take stock of that. We’ve improved on last year. We’ve won the FA Cup and qualified for the Champions League for the second consecutive season.
“And we’ve just got to move forward. We want to keep this group of girls together; there’s a lot of clubs now in the (FA Women’s) Super League who have got a lot of money and they’re throwing money at our girls because they want to get them away from our club.
“But hopefully with the environment we’ve created and the actual stature of playing in the Champions League, even though they might be getting paid a little bit less, hopefully they’ll stay around and carry on this journey with us.”
Bassett concluded: “Our aim was to match what we did last year and improve and we’ve already done that. We’ve already shown that we have got the cutting edge (when winning the FA Cup). It is there somewhere within us but unfortunately it wasn’t there today (last night).”