Welcome

Firstly I would buy the clutch and see if it will fit.
Your chain and sprockets will probably be #35 or #40/41
you can tell this by measuring the distance from the tip of one tooth to the hext on the sprocket. 3/8" = #35 and 1/2" = #40/41
You then want to buy a clutch and chain of the same number.
To determine how many teeth you want on the clutch look here
http://www.diygokarts.com/speed-calculator.html
Enter the number of teeth on the axle sprocket and the number of teeth you could have on the clutch.
Enter your tyre diameter and the rpm as 3600.
You could have up to 30mph ish with your setup.
You can get a clutch and chain here:
www.bmikarts.com
Then when you get the clutch you can see if it fits. If it doesnt you are left with two options:
1. Get a smaller axle sprocket
2. Get some steel square or rectangle tube and drill your engines mounting holes in it so you can raise the engine up.
Another problem you may have is allignment of the clutch and sprocket. You could nake a spacer for the engine shaft or remove/ add some of the nuts being used as spacers if the allignment is wrong.
Nice paint btw

what did you use?