In August 2020, the club spent a total of £16.013.
This included £6,112.75 to HM Revenue and Customs (HMRC) for VAT collected from April to June and ££2,773.75 on the production of our merchandise.
Other significant expenditure in preparation for the new season included the Access for Women Committee registering two teams for the Super 5s League (£1,260) and our Women’s First Team have secured training pitch hire up to the end of October (£1,167.40).
Additionally, we spent a total of £2,640 on accounting and auditing, primarily to finalise our end of year accounts for 2019-20.
The Finance Committee has drafted a separate summary on our financial position up to the end of June, which we will publish shortly. We also paid a total of £820.27 in fees to PayPal.
In reporting the club’s expenditure, VAT is now listed separately, In August, we collected £1,712.34 from the sales of our merchandise but we can claim back £1,473.01 from VAT added to purchases we have made, so we will owe just £239.33.
Our income in August 2020 was £19,283.15. This includes merchandise sales of £12,936.38, membership fees totalling £5,866.00, donations for the return of Young Tons (£147.50) and Women’s 5s sessions (£62) and monthly direct debit donations of £90.40.
For the first time since March, we also had our first match day donations of £172.13 for the restricted numbers able to attend the Women’s First Team game over the bank holiday weekend (£189 before the deduction of PayPal fees of £16.87)
THE OLD SPOTTED DOG GROUND
Expenditure on our new home is now 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, here are the figures for August 2020:
INCOME
| Donations | £500 |
EXPENDITURE
| Plant and machinery | £751.12 |
| Skip hire | £460.00 |
| Asbestos survey | £345.00 |
| Materials for repair work | £510.78 |
| Petrol for mowers | £46.64 |
| Padlocks | £101.24 |
| Postage | £19.44 |
| First loan repayment for ground purchase | £1,108.69 |
| £3,342.91 |
CLAPTON AGAINST CORONA HARDSHIP FUND
In August 2020, the income and spending for the Hardship Fund was:
| Donations received for CCFC supporters | £71.82* |
| Payments made from Hardship Fund | £790.00 |
| *after fees |
In total, £6,924.16 has been received and £5,845 has been paid out so far from the Hardship Fund since it was set up in March.
If you are a member and need help, please see this advice on how to apply for support.
The club’s full income and expenditure for August 2020 is as follows:
INCOME
| Merchandise sales | £12,936.38 |
| Membership | £5,866.00 |
| Monthly direct debit donations | £90.40 |
| Young Tons donations | £147.50 |
| Donations for Women’s 5 sessions | £62.00 |
| Matchday Donations | £172.13 |
| Bank interest | £8.74 |
| TOTAL | £19,283.15 |
EXPENDITURE
Access for Women Committee
| Super 5 League registration | £1,260.00 |
Club Board
| Insurance | £66.53 |
Communications Committee
| Merchandise production costs | £66.53 |
| Online store costs | £383.74 |
| PayPal fees on merchandise sales | £542.82 |
| Total | £3,700.31 |
Finance Committee
| Audit and accountancy fees | £2,640.00 |
| Accounting software | £25.50 |
| Total | £2,665.50 |
League Liaison Committee
| Women’s development team league registration | £175.00 |
| BBC Essex Saturday Premier Cup registration | £27.00 |
| Total | £202.00 |
Matchday Committee
| Kit laundry | £150.00 |
| Matchday officials | £20.00 |
| Total | £170.00 |
Membership Committee
| Envelopes for membership packs | £93.55 |
| Travel | £10.97 |
| PayPal fees on membership fees | £260.58 |
| Total | £365.10 |
Men’s First Team Committee
| Pitch hire for friendly | £55.00 |
Women’s First Team Committee
| Training pitch hire | £1,167.40 |
| Matchday officials | £25.00 |
| Total | £1,192.40 |
Young Tons Committee
| Pitch hire | £200.00 |
| Travel | £23.41 |
| Total | £223.41 |
| TOTAL | |
| TOTAL EXPENDITURE | £16,013.00 |