Technically the club’s largest expenditure in July 2020 was also the most significant in our history: the purchase of the Old Spotted Dog Ground for £96,000, although this is spread out over the next ten years.
We will publish a separate transparency update soon with a summary of how the purchase was completed.
In July 2020, the club spent a total of £39,938.37. This included £14,153.22 on the production of our shirts and £3,820.25 in postage costs for our merchandise sales.
We also spent a total of £6,442.50 on ground hire for the coming season (£5,692.50 for the men’s first team, which is the first instalment and includes training sessions, along with the first payment for the women’s first team of £750, which is solely for pitch hire and does not include training).
The other major area of expense has been on the Old Spotted Dog Ground, including insurance, security costs and the purchase of tools and machinery (including a ride-on mower) to start bringing the pitch and surrounding areas back into shape. In total, these costs come to £9,930.75.
The Finance Committee has changed the way we report the club’s expenditure so that it is easier for the club’s committees to see what they have spent and so that VAT is reported separately,
On the basis of our spending this month, we are owed £6,027.30, mainly because we can reclaim tax on our purchase of the Old Spotted Dog Ground. We can expect to receive a refund from HM Revenue & Customs in October.
Our income in July 2020 was £19,808.36. This includes merchandise sales of £13,652.30, membership fees totalling £6,065.66 (after fees) and monthly direct debit donations of £90.40.
July saw the biggest membership intake for a single month since the club’s formation, including September 2018, when our away shirt went viral.
We had 412 renewals, including 88 new members join the club – with 66 of those signing up after we broke the news about the Old Spotted Dog Ground.
CLAPTON AGAINST CORONA HARDSHIP FUND
Many individual members of Clapton CFC are also struggling financially right now, which is why we set up Clapton Against Corona, our hardship fund to support our community through this difficult period. Find out how to contribute to the Fund here.
In July 2020, the income and spending for the Hardship Fund was:
| Donations received for CCFC supporters | £207.01 |
| Payments made from Hardship Fund | £1000.00 |
In total, £6,852.34 has been received and £5,055 has been paid out so far from the Hardship Fund since it was set up in March.
If you are a member and need help, please see this advice on how to apply for support.
Income
| Merchandise sales | £13,652.30 |
| Membership fees | £6,065.66 |
| Monthly direct debit donations | £90.40 |
| TOTAL | £19,808.36 |
Expenditure
Access for Women
| Forehead thermometer | £31.90 |
Club Board
| Public liability insurance | £30.00 |
| Players personal accident insurance | £193.02 |
| Legal costs for OSD purchase | £1,555.00 |
| Postage | £10.23 |
| Total | £1,788.25 |
Communications
| Production of shirts | £14,153.22 |
| Production of badges | £525.00 |
| Online store costs | £35.00 |
| Postage costs | £3,820.25 |
| PayPal fees on merchandise sales | £619.38 |
| Total | £19,152.85 |
Community Outreach
| Printing leaflets | £28.00 |
Finance
| Forehead thermometer | £31.90 |
Membership
| Membership cards | £234.42 |
| Members badges | £1,287.00 |
| Postage | £300.00 |
| PayPal fees on membership fees | £267.62 |
| Total | £2,089.04 |
Men’s First Team
| Ground hire at Wadham Lodge | £5,692.50 |
| Footballs | £171.54 |
| Forehead thermometer | £31.90 |
| Covid19 cleaning supplies | £70.89 |
| Total | £5,966.83 |
Old Spotted Dog Ground Trust
| Plant and machinery | £6,392.57 |
| Repairs and renewals | £157.17 |
| Insurance | £2,335.30 |
| Padlocks | £1,033.63 |
| Cleaning materials | £12.08 |
| Total | £9,930.75 |
Women’s First Team
| Ground hire at Wadham Lodge | £750.00 |
| Forehead thermometer | £31.90 |
| Total | £781.90 |
Young Tons
| Forehead thermometer | £31.90 |
| Comics | £80.00 |
| Total | £111.90 |
| VAT refund due | -£6,027.30 |
| TOTAL EXPENDITURE | £39,938.37 |