APPENDIX ‘A’
Items of expenditure could include the following:
£
1.
Upgrade of Clubhouse
28,600
2.
Clubhouse Flat Roof
75,514
3.
Foul Water Drain (connect to main sewer in CALA site to south)
32,847
4.
Upgrade of Main Services (electric & water)
24,761
5.
Removal of Trees (main roadway, south of main car park & north of Pitch 2)
29,160
6.
Perimeter Fencing
10,000
7.
Car Parking
131,215
8.
Pitches (new Junior Pitch & upgrade of existing pitches)
27,733
9.
Pitch 4 Floodlights
42,608
10.
Artificial Grass Pitch
729,733
11.
External PA System
21,667
12.
Clubhouse Extension
486,274
13.
Consultancy Fees
31,200
14.
Legal, Planning & Developers Discount
200,000
15.
Operational Capital
100,000
16.
Loans
403,070
TOTAL
2,374,372
Disposal of 2.5 acres of Land (Nett) – Option Allowed £300,000 for CIL
2,159,826
Notes:
1.
All sums are Provisional
2. VAT at 20% (totalling £63,794) has been included for chargeable items. VAT is wholly recoverable on many items. 3. If Option 2 is agreed and goes ahead with the sale of Pitch 5, Option 4 (see Page 5) will still be available to the Club in years to come should additional funding be required. 4. There will be a liability for Capital Gains Tax and Corporation Tax on part of any sale proceeds. Specialist tax advice will be sought at the appropriate time. 5. The Loans include an RFU Loan of £10,000 which should be repaid within 12 months.
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