Expenditure during the month of April rocked up to £33344,93 after low levels of expenditures in the previous months (c.£6509 in March). This was almost entirely due to a one-off £27668,50 spent in VAT on legal expenses for the solicitors dealing with our intellectual property legal case. We can expect a sizable VAT refund form this again in July from HMRC. Leaving this item aside, the Club spent another £5676 this month.
Another large item of spending this month was the £1260 spent by the Super 5’s for League Registration.
Training pitch and ground hires were large items of spending as per usual, and totaled £708,33 in Ground hire for the Men’s First Team, £420 on pitch hire and pitch permits for the Men’s Development Team, £300 on pitch hire for the Women’s First Team, £105 for the Women’s Development Team as well as £680 for the Young Tons.
The Women’s First Team spent £460 on coaching and £40 on match officials, while the Men’s First Team spent £460 on match official costs. Otherwise, the Men’s First Team and Development Team also spent £210 and £100 respectively on kit laundry. Other small items of spending include £20 on travel costs and £27,20 on food for players, and £4 on physiotherapy costs.
In terms of merchandise, £152 was spent on programme printing costs, £20,94 on Online Store Costs and £38,56 on MailChimp credits. The finance committee spent the usual monthly £24,70 on the accounting software, as well as £13,56 on cash bags and £38,56 on storage boxes.
This month, £79 was spent on disciplinary fines and £43 on player registration.
In terms of income, the Club’s income decreased this month from £9 571,21 in March to £7 975,66 this month.
The merchandise again pulled off a whopping £3330,11 (after the deduction of PayPal fees of £132,45).
Membership this month brought in £1200 after £67,09 deduction in fees. Total subscriptions for April were down again this month by 14 from the previous year, this is still 61 more subs than the same time in 2020. Still, with £1533 total income (£1250 subscriptions, £283 donations), the club is on course to pass 2020-2021’s income a month early. Donations are already up £428 on last season, while membership is down £880. It is also possible that the club will take its 3000th member before the year is out!!
The income generated is also largely due to the generous donations collected by our members and fans. Match Day donations for the Men’s First Team brought in a whopping £2963,96. Other donations include £155 at the Women’s 5s as well as £245 of other donations, £30,68 of direct debit donations and £50 was donated by Akwaaba.
In reporting the club’s expenditure, VAT is listed separately. In April, we only collected £2452,52
and spent £5922,67.
CLAPTON AGAINST CORONA HARDSHIP FUND
We have recorded Hardship Fund income and spending separately and in March 2022, the income and spending for the Hardship Fund was:
|Donations received for CCFC supporters||£96,85|
|Payments made from Hardship Fund||£200|
In total, £14 591,09 has been received and £14 342 has been paid out so far from the Hardship Fund from March 2020 to the end of April 2022. The remaining balance is thus £249,09
The club’s full income and expenditure for April 2022 is as follows:
|Merchandise*||£ 3 330,11|
|Membership**||£ 1 200,91|
|Match Day Donations|
|Men’s First Team***||£ 2 963,96|
|Non Match Day Donations|
|Other donations||£ 245,00|
|Monthly direct donations****||£ 30,68|
|Akwaaba donations||£ 50,00|
|Women’s 5s session donations||£ 155,00|
|Total CCFC Income||£ 7 975,66|
*After a total of £132,45 in fees
**After £67,09 in fees
*** After £92,29 in fees
**** After £1,32 in fees
|Access for Women|
|Super 5’s League Registration||£ 1 260,00|
|Club Board – Legal Expenses|
|VAT on Legal Expenses||£27 668,50|
|Online Store Costs||£ 20,94|
|Printing of Programmes||£ 152,00|
|Mailchimp credits for members||£ 38,56|
|Accounting software||£ 24,70|
|Cash bags||£ 13,56|
|Storage boxes||£ 38,56|
|League Liaison Committee|
|Middlesex Player Registration||£ 43,00|
|Disciplinary Fines||£ 79,00|
|Security Costs||£ 432,00|
|Men’s Development Team|
|Kit Laundry||£ 100,00|
|Pitch Hire and pitch permits||£ 420,00|
|Travel costs||£ 20,00|
|Men’s First Team|
|Food for players||£ 27,20|
|Match official costs||£ 460,00|
|Ground Hire March 2022||£ 708,33|
|Kit Laundry||£ 210,00|
|Women’s First Team|
|Physiotherapy supplies||£ 4,00|
|Pitch hire||£ 300,00|
|Coaching costs||£ 460,00|
|Match official costs||£ 40,00|
|Women’s Development Team|
|Pitch hire – Clapham’s Saturday League||£ 105,00|
|Pitch hire||£ 680,00|
|Training equipment||£ 39,58|
|Total CCFC Expenditure||£33 344,93|
|Transfers Collected for OSD|
|Transfer of collected donations for the OSD||£ 504,81|
|Old Spotted Dog Ground Trust portion of VAT refund||£ 1 912,93|
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 Crowdfunding appeal*||£ 429,39|
|OSD donations**||£ 1 240,71|
|OSD gift cards||£ 20,00|
|Total Income||£ 1 690,10|
*After a total of £15,61 in fees**After £162 in matchday security fees
|Match day security||£ 162,00|
|Loan repayment for purchase of the ground||£ 1 108,69|
|Total Expenditure||£ 1270,69|