Expenditure in December rose starkly to £94 818,48 from £10 060 in November due to the purchase of the warehouse. Leaving that purchase aside, the Club spent £10 378,28 in December.
The purchase of the warehouse cost the Club £83 440,2 including £75 000 on the warehouse, £6250 on the auctioneering fees for the purchase, £1780 on solicitor fees, £331 on dispersements and £79,2 on the papers for the AGM. Another £1000 was spent on fees for the Cooperative and Community Finance loan.
The remaining £10 378,28 was spent on usual items of spending.
These include training and ground pitch hires, with £950 and £208,33 spent on the training pitch and ground hire by the Men’s First Team and £200 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 £1 034 on kit costs (and £71,80 on shipping), £345 on coaching and £30 on match officials. The Men’s Development Team spent £592 on kit costs (and £71,8 on shipping) as well as £80 on match officials. League registration for the Open Access team totaled £700 this month.
In terms of merchandise, £962 was spent on badges manufacture, £1936,02 on postage fees, £20,20 in import charges and £3,49 in online store costs. The Membership committee spent £1004,52 on postage, £298,18 on membership cards, £179,98 on labels and £156,23 on envelopes and stickers. The Communications committee spent £52,69 on MailChimp credits.
The Club spent the monthly £1 108,69 to the OSD for repayment of the loan, as well as £144 on Match Day security while £24 was spent on disciplinary fines. The Finance Committee spent the usual £26,60 on the accounting software, £19 on storage as well as £23.24 on bank fees.
The Club’s income decreased to £14 337,47 from £19 092,56 in November. The Club brought in £600 in London FA Cup prize, and received £10,000 in loan repayment from the Old Spotted Dog trust.
Merchandise brought in £1559,87 before £147,22 in fees, while membership brought in £1147 after £68 in fees.
Match Day donations totaled £140,10 for the Men’s First Team and £53 for our Women’s First Team games.
On top of this, we collected £465 in other donations, we received £200 of donations for the Women’s 5 sessions, and £108 of raffle donations. Monthly Direct Debit totaled £30,68 this month.
The Club also received £33,73 in donations for the Hardship Fund.
In reporting the club’s expenditure, VAT is listed separately. In December, we collected £216 and spent £942,81.
The club’s full income and expenditure for December 2022 is as follows:
|Match Day Donations|
|Men’s First Team||£40,10***|
|Women’s First Team||£53,00^|
|Non Match Day Donations|
|Monthly Direct Debit||£30,68^^|
|Women’s 5 sessions||£200,00|
|London FA Cup prize||£600,00|
|Loan Repayment from the Old Spotted Dog Ground Trust||£10 000,00|
|Charity Bank interest income||£0,09|
|Donations received for Hardship Fund||£33,73|
|Total CCFC Income||£14 337,47|
*Before £147,22 in fees
**After £68 in fees
*** After £1,40 in fees
^ After £0.90 in fees
^^ After £1,32 in fees
|Women’s First Team|
|Kit costs||£1 034,00|
|Shipping costs for new kit||£71,80|
|Coaching staff costs||£345,00|
|Super 5 League Registration||£700,00|
|Postage Fees||£1 936,02|
|Merchandise costs – Import charges||£20,20|
|Badges – production of merchandise||£962,00|
|Men’s First Team|
|Food for players||£6,51|
|Training picth hire||£950,00|
|Men’s Development Team|
|Shipping for new kits||£71,80|
|League Liaison Committee|
|General Organising Committee|
|Papers for AGM||£79,20|
|Solicitor’s fees||£1 780|
|Cooperative and Community Finance loan fees||£1 000,00|
|Auctioneer fees for warehouse purchase||£6 250,00|
|Purchase of warehouse||£75 000,00|
|Long term storage||£19,00|
|Xero accounting software||£26,60|
|Loan repayment for purchase of the ground||£1 108,69|
|Total Expenses||£94 818,48|