The month of October saw continued FA cup success, many league wins for the Women’s and Men’s Teams, and great progress with the Old Spotted Dog.
The club’s expenditures fell by over £9,000 to £5 585,76 after having increased by almost 50% last month (reaching £14,084.97 in September).
This is in part due to the training pitches paid for in September in advance for the entire quarter.
Large one-off items of spending this month were the usual suspects – training pitch hires totalled £900 for the Men’s First Team.
The Women’s First Team spent £1 035 on coaching, £290 on match officials, £139,17 on Ground hire and £81,51 on Footballs. The Young Tons Committee hired out training pitches for a total of £400.
Other significant match day spending includes £103 for pitch hire, printing of programmes £79,52, and Kit Laundry £40.
Other areas of spending include postage fees of £885,79 for the communications and the membership committees. This month the club also spent £109 in donations and travels costs for Akwaaba.
Finally, the Club again paid back £887.37 of the loan for the Old Spotted Dog Ground this month.
The Club’s income decreased again this month from £13 876,06 in September to £7 869,09 in October, which is due to below usual merchandise sales and donations.
This was largely thanks to merchandise pulling in £3,579.01 (after the deduction of PayPal fees of £147,86) as well as match day donations which totalled £529,20 for the Men’s First Team, £133,45 for Women’s First Team, £942,40 for Young Tons ,£350 for Women’s 5 sessions and £466,66 of other donations. Regular standing orders totalled £36.20.
We also received lower membership fees than last month, totalling £1,732.17 (after deduction of PayPal fees of £102.83). October indeed saw a reduction in subscriptions for all membership types for the first time since November 2020, with the Total membership of 154 down -21.43% but still up on the same period in 2019. Programme sales amounted to £50.
In reporting the club’s expenditure, VAT is listed separately. In October, we collected £1 060,57 and spent £247.71, this means that we owe £812,86 for the month of October to HM Revenue & Customs.
CLAPTON AGAINST CORONA HARDSHIP FUND
We have recorded Hardship Fund income and spending separately and in October 2021, the income and spending for the Hardship Fund was:
|Donations received for CCFC supporters||£36,40|
|Payments made from Hardship Fund||£50|
In total, £13 869,45 has been received and £13 672 has been paid out so far from the Hardship Fund from March 2020 to the end of October 2021. The remaining balance is thus £197,45.
The club’s full income and expenditure for October 2021 is as follows:
|Merchandise*||£ 3 431,15|
|Membership**||£ 1 732,17|
|Women’s First Team||£ 133,45|
|Men’s first team||£ 529,20|
|Women’s 5s session donations||£ 350,00|
|Young Tons session donations||£ 942,40|
|Monthly direct debit donations||£ 36,20|
|Akwabaa donations||£ 50,00|
|Other donations||£ 466,66|
|Programme Sales||£ 50,00|
*After a total of £147,86 in fees
**After £102,83 in fees
|Access for Women|
|Online meeting software||£ 36,00|
|Online store costs – Ecwid purchase quantity limits||£ 3,49|
|Postage costs||£ 285,79|
|Printing Programme costs||£ 79,52|
|Mailchimp credits for members mailing||£ 33,83|
|Akwaaba travel costs||£ 35,00|
|Accounting software||£ 26,00|
|League Liaison Committee|
|Player disciplinary fines||£ 185,00|
|Kit Laundry||£ 40,00|
|Pitch hire||£ 103,00|
|Travel costs||£ 6,50|
|Men’s First Team|
|Training pitch hire||£ 900,00|
|Match official costs||£ 98,00|
|Physiotherapy services and supplies||£ 150,00|
|Women’s First Team|
|Ground Hire||£ 139,17|
|Coaching||£ 1 035,00|
|Match official costs||£ 290,00|
|Young Tons Committee|
|Awards and Certificates||£ 30,00|
|Training pitch hire||£ 400,00|
|Bounce back loan repayment||£ 887,37|
|TOTAL CCFC Expenditure||£ 5 585,76|
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.
|OSD gift cards*||£ 95,75|
|*after £4,25 in fees|
|Fire safety equipment||£ 544,35|
|Additional Fire extinguisher||£ 34,16|
|Gas Meter Installation||£ 380,00|
|Loan repayment for purchase of the ground||£ 1 108,69|
|TOTAL OSD Expenditure||£ 2 067,20|