DECEMBER 2020
During the closing month of a long, disrupted and frustrating 2020, the club spent a relatively meagre £5,055.28.
A significant potion of this was Communications Committee spending on merchandise production (£1,081.06), PayPal fees on merchandise sales (£480.31) and postage of merchandise (£1,074.94) in time for Christmas deliveries.
However, the Membership Committee also spent £700 on postage to send out cards and badges to members and the Finance Committee spent £575 on complex VAT accounting advice.
Our income in December 2020 was an impressive £12,175.57. This includes merchandise sales of £9,852.11 (before the deduction of PayPal fees of £480.31),donations from Young Tons sessions (£244.10) and from women’s open training sessions (£210), monthly direct debit donations (£84.88) and other individual donations totalling £295.59.
In December, we also received membership fees totalling £1,130.52 (£1,191 less PayPal fees of £60.48). This was the best December for membership since the club started – an increase of 40 members compared to December 2019, driven by the fundraising appeal for the Old Spotted Dog Ground’s clubhouse roof. We currently have 1521 members.
Once again, there was only one first team game played during the month, by the Men’s First Team in the BBC Essex Premier Cup game against Hullbridge Sports Under 23s on 12 December, which had been rearranged to take place at Wadham Lodge 3G pitch. This brought in match day donations of £276.45 (£298 less £21.55 PayPal fees).
Although there were no Women’s First Team games, outstanding cash donations of £82.92 from a game on 1 November against Islington Borough were also finally banked and recorded in December.
In reporting the club’s expenditure, VAT is listed separately, In December, we collected £1,330.99 from the sales of our merchandise and can claim back £497.00 from VAT added to purchases we have made. This means that we will owe HM Revenue & Customs £833.99 for the month.
CLAPTON AGAINST CORONA HARDSHIP FUND
We have recorded Hardship Fund income and spending separately since this initiative was set up nine months ago and in December 2020, the income and spending for the Hardship Fund was:
| Donations received for CCFC supporters | £752.98 |
| Payments made from Hardship Fund | £1,300.00 |
In total, £11,955.75has been received and £11,395.00 has been paid out so far from the Hardship Fund from March to the end of December,
The club’s full income and expenditure for December 2020 is as follows:
INCOME
| Merchandise | £9,852.11 |
| Membership * | £1,130.52 |
| Match day donations | |
| Women’s First Team | £82.92 |
| Men’s First Team ** | £276.45 |
| Monthly direct debit donations *** | £84.88 |
| Donations for Young Tons sessions | £244.10 |
| Donations from Women’s training sessions | £210.00 |
| Interest on reserves | £43.59 |
| Other income | £252.00 |
| £12,175.57 |
*After £60.48 fees
** After £21.55 fees
*** After £3.12 fees
EXPENDITURE
| Club Board | |
| AGM online meeting costs | £36.00 |
| Venue hire (from February 2020) | £107.50 |
| £143.50 | |
| Communications Committee | |
| Merchandise production costs | £1,081.06 |
| Postage | £1,074.94 |
| PayPal fees on merchandise sales | £480.31 |
| Mailing labels and bags | £130.77 |
| Mailchimp credits for members mailings | £50.93 |
| Folding table for merchandise packing sessions | £34.93 |
| Livestreaming costs | £19.16 |
| Online store costs | £3.49 |
| £2,875.59 | |
| Finance Committee | |
| Accountancy advice on VAT | £575.00 |
| Accounting software | £25.50 |
| Printer paper | £6.99 |
| £607.49 | |
| League Liaison Committee | |
| Disciplinary fines | £52.00 |
| Membership Committee | |
| Postage of membership packs | £700.00 |
| Men’s Development Committee | |
| Kit laundry | £60.00 |
| Men’s First Team Committee | |
| Match officials | £144.00 |
| Refreshments | £12.70 |
| Travel | £15.00 |
| £171.70 | |
| Women’s First Team Committee | |
| Coaching costs | £345.00 |
| Match officials | £60.00 |
| Kit laundry | £40.00 |
| £445.00 | |
| TOTAL CCFC Expenditure | £5,055.28 |
THE OLD SPOTTED DOG GROUND
Expenditure on our new home is managed by the Old Spotted Dog Ground Trust (OSDGT), the subsidiary company we set up. However, like the club, spending will appear on the OSDGT website and for transparency, here are the figures for December 2020: the big news is the donations for the clubhouse roof appeal, which by the end of the month totalled £15,548.21.
INCOME
| Donations to clubhouse roof appeal | £15,548.21 |
EXPENDITURE
| Loan repayment for purchase of the ground | £1,108.69 |
| Floodlight inspection | £290.00 |
| Planning application fees | £215.83 |
| Grounds equipment | £39.99 |
| Bank charges | £18.00 |
| Transport costs | £16.50 |
| Companies House fees | £13.00 |
| £1,702.01 |