The month of November saw two FA cup wins by the Women’s First Team and a win by the First Men’s Teams in the Anagram Records trophy, as well as the brilliant news that Newham Council had approved the planning application for the new changing rooms at the Old Spotted Dog.
By the end of November, the Club had set up two crowdfunding campaigns to raise funds for the Women’s First Team and fans trip to Plymouth and for the new changing rooms.
The club’s expenditures in November increased more than five-fold from £5 585,76 last month to £29 449,65 this month. This is explained primarily by the large merchandise order worth £17053,60 in addition to £1348,48 in related postage costs and £756,85 in shipping costs. The Communications Committee also spent £352 on badges for merchandise and £204,56 on programme printing costs.
Large one-off items of spending this month were the usual suspects – training pitch hires totaled £900 for the Men’s First Team, which also spent £395,83 on match day pitch hire, £230 on match officials, £240 on kit laundry, £155 on physiotherapy and £154,77 on new kits.
The Women’s First Team spent £460 on coaching, £443,91 on new kits, £145 on match officials, £191,67 on ground hire and £650 on coach hire for an FA cup game. Meanwhile pitch hire for the Access for Women training totaled £932,16. The Young Tons Committee hired out training pitches for a total of £675 and spent £377,58 on kit.
One-off items of spending include the £1847,94 Corporation tax and £650 in audit fees.
This month the club also spent £70 in donations from t-shirt sales for Akwaaba, as well as £36,80 on food and £30 on medals.
Finally, the Club continued to pay back the monthly £887,37 for the Old Spotted Dog Ground loan.
The Club’s income increased this month from £7 869,09 in October to £10 253,72 this November.
This was largely thanks to merchandise pulling in a whopping £4663,09 (after the deduction of PayPal fees of £178,17) as well as match day donations which totalled £1916,91 for the Men’s First Team and opposing team’s donations of £198.
This month the club is also proud to report that it received £1900 in FA prize money thanks to three FA cup wins by the Women’s First Team, which went towards the travel costs of the next FA cup tie.
Based on membership subscriptions dated November 2021, this month saw the best financial return for the month in any year since the club’s formation – up 30.67% on 2020. Although total subscriptions were down by 20 on the last year, the club had its largest accompanying donations income (£476, up 73.09%). This is despite the club currently running two fundraisers, as mentioned above.
In reporting the club’s expenditure, VAT is listed separately. In November, we collected £2288,51 and spent £603,17, this means that we owe £1685,34 for the month of November to HM Revenue & Customs.
CLAPTON AGAINST CORONA HARDSHIP FUND
We have recorded Hardship Fund income and spending separately and in November 2021, the income and spending for the Hardship Fund was:
|Donations received for CCFC supporters||£4,60|
|Payments made from Hardship Fund||£0|
In total, £13 874,05 has been received and £13 672 has been paid out so far from the Hardship Fund from March 2020 to the end of November 2021. The remaining balance is thus £202,05.
The club’s full income and expenditure for November 2021 is as follows:
|Merchandise||£ 4 663,09 *|
|Membership||£ 1 368,45**|
|Men’s first team donations||£ 1 916,91|
|MDT opposing teams’ donations||£ 198,00|
|FA Cup Prize Money||£ 1 900,00|
*After a total of £178,17 in fees
**After £81,55in fees
|Access for Women|
|Pitch hire||£ 932,16|
|Shipping costs for merchandise||£ 756,85|
|transaction costs for merchandise||£17 053,60|
|Badges merchandise||£ 352,00|
|Printing of programmes||£ 204,56|
|Postage costs||£ 1 348,48|
|Mailchimp credits||£ 33,21|
|Community Outreach Committee|
|Akwaaba donations from t-shirt sales||£ 70,00|
|Food for Akwaaba day||£ 36,80|
|Medals for Akwaaba day||£ 30,00|
|Fees for audit||£ 650,00|
|HMRC Corporation tax||£ 1 847,94|
|Accounting Software||£ 26,00|
|Travel costs||£ 12,50|
|League Liaison Committee|
|Player Fines||£ 36,00|
|Men’s Development Team Committee|
|Kit costs||£ 42,52|
|Kit laundry||£ 60,00|
|Pitch hire||£ 40,00|
|Men’s First Team Committee|
|Training pitch hire||£ 900,00|
|Flood for players||£ 10,90|
|Match officials||£ 230,00|
|Match Day centre Pitch hire||£ 395,83|
|New Kit||£ 154,77|
|Kit laundry||£ 240,00|
|Physiotherapy services||£ 155,00|
|Women’s First Team Committee|
|Ground hire||£ 191,67|
|Coaching costs||£ 460,00|
|Kit costs||£ 443,91|
|Match official costs||£ 145,00|
|Coach hire for player travel||£ 650,00|
|Young Tons Committee|
|Training pitch hire||£ 675,00|
|Bounce Back Loan repayment||£ 887,37|
|TOTAL CCFC Expenditure||£29 449,65|
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.
|Gift cards||£ 144,55*|
|Mobile mast rental||£ 8 683,05|
|Total||£ 8 968,50|
|*after £5,45 in fees|
|Annual accounts fees||£ 750,00|
|Pitch maintenance||£ 560,00|
|Annual premises license||£ 180,00|
|Loan repayment for purchases of the ground||£ 1 108,69|
|TOTAL OSD Expenditure||£ 2 598,69|