Expenditure in November fell back to £10 060,01 from £15,171,76 in October.
The two main items of spending were: £4128,57 on the manufacture of new merchandise and £1108,69 spentmonthly on the loan repayment fee for the purchase of the Club ground.
On top of this, usual items of spending included training and ground pitch hires, with £950 and £215 of training pitch and ground hire by the Men’s First Team and £400 spent on pitch hire for Youth Training.
The Men’s First Team also spent £130 on match officials, and £6,51 on refreshments. The Women’s First Team spent £240 on changing rooms, £460 on coaching and £341,10 on match officials. The Men’s Development Team spent £400 on pitch permits for the Hackney and Leyton League and £40 on match officials.
The Club also spent £360 on Match Day security while £42 was spent on disciplinary fines this month.
The Club made two donations this month: £252,15 for the Hardship Fund, and £371,65 to Newham Toy Appeal.
The Finance Committee spent the usual £26,60 on the accounting software, £19 on storage and £15,16 on stationery.
Last but not least, the Communications Committee spent £144,08 on postage, £52,80 on Mailchimp credits, £279,72 on website domain name renewal. On top of the £4128,57 spent on merchandise manufacture, other costs included £55,70 and £7,79 on customs import duty and import charges.
The Club’s income rose sharply to £19 092,56 this month, up from £7714,45 in October. The Club brought in £7000 in Home Cup income this month, as well as £1500 through the Women’s First Team FA Cup Prize! On top of this, the club secured the Nationwide Mutual Respect Grant Fund this year from Essex FA, worth £1000.
Merchandise brought in £2 825,90 after £283,70 in fees, while membership brought in £1033,45 (after £63,55 in fees).
We thank our many donors as Match Day donations totaled £2752,98 for our Women’s First Team games and £581,97 for our Men’s First Team games this month.
On top of this, we collected £477,55 from Youth Training Sessions. Other donations totaled £1559,68 and we also received £175 of donations for the Women’s 5 sessions, and £30,68 of direct debit donations. We received generous Christmas donations that totalled £371,65.
The Club is also still receiving £500 monthly from the Old Spotted Dog Ground Trust for repayment of the loan.
In reporting the club’s expenditure, VAT is listed separately. In November, we collected £743,04 and spent £136,70.
The club’s full income and expenditure for November 2022 is as follows:
|Match Day Donations|
|Men’s First Team||£581,97***|
|Women’s First Team||£2 752,98****|
|Non Match Day Donations|
|Monthly Direct Debit||£30,68^|
|Other Donations||£1 559,68|
|Women’s 5 sessions||£175,00|
|Donations Youth Training Sessions||£477,55|
|Cup Income and Prizes|
|Women’s FA Cup Prize||£1 500,00|
|Home Cup Income||£7 000,00|
|Loan Repayment from the Old Spotted Dog Ground Trust||£500,00|
|Nationwide Mutual Respect Grant Fund – Essex FA||£1 000,00|
|Total CCFC Income||£19 092,56|
*After £283,70 in fees
**After £63,55 in fees
*** After £2 in fees
**** After £100,06 in fees
^ After £1,32 in fees
|Women’s First Team|
|Hire of changing rooms||£240,00|
|Men’s First Team|
|Training Pitch hire||£950,00|
|Men’s Development Team|
|Pitch permits for Hackney and Leyton Sunday League||£400,00|
|Long Term Storage||£19,00|
|Community and Outreach|
|Donation to Newham Toy Appeal||£371,65|
|Website Domain name renewal||£279,72|
|Online store costs||£3,49|
|Merchandise costs: Customs Import Duty||£55,70|
|Merchandise costs: Manufacture of merchandise||£ 4 138,57|
|Merchandise costs: Import charges||£7,79|
|Loan repayment for purchase of the ground||£1 108,69|
|Total Expenses||£10 060,01|