We can accept charitable donations via the Campaign for Better Transport, although this is really only intended for sizeable amounts.<br><br><br><div><span class="gmail_quote">On 9/28/07, <b class="gmail_sendername">Thom Shannon
</b> <<a href="mailto:thom@glow-internet.com">thom@glow-internet.com</a>> wrote:</span><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
<div bgcolor="#ffffff" text="#000000">
Is the foundation considering charity status? It would be a great
incentive for corporate donations amongst other things.<br>
<br>
80n wrote:
<blockquote type="cite"><div><span class="e" id="q_1154b95b477cd14d_1">On 9/28/07, <b class="gmail_sendername">Tom Hughes</b>
<<a href="mailto:tom@compton.nu" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">tom@compton.nu</a>>
wrote:
<div><span class="gmail_quote"></span>
<blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">In
message <<a href="mailto:c4193f8c0709271057j19f839a0k6b1caf0c2aae7eed@mail.gmail.com" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">c4193f8c0709271057j19f839a0k6b1caf0c2aae7eed@mail.gmail.com</a>
><br>
Andy Allan <<a href="mailto:gravitystorm@gmail.com" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">
gravitystorm@gmail.com</a>> wrote:<br>
<br>
> On 9/27/07, Peter Miller <<a href="mailto:peter.miller@itoworld.com" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">peter.miller@itoworld.com</a>>
wrote:<br>
><br>
>> While I am on the subject, I have never seen any accounts for
the
<br>
>> foundation, I have no idea how much it spends, I have no idea
how much money<br>
>> it needs or how it is planning to go about raising it.<br>
><br>
> It's something I was looking at last night actually. The
foundation
<br>
> page on the wiki says that first year accounts were not due to be<br>
> published until late August, but that's obviously been and gone
now.<br>
<br>
This was discussed at some length at the AGM. The problem is that
<br>
the end of the accounting year and the AGM more or less coincide at<br>
the moment which meant there were no final accounts for the year to<br>
present at the AGM.<br>
<br>
There was discussion about how to handle the accounts which should
<br>
be in the minutes when they are published, and about possibly trying<br>
to alter the timings so that things were easier in future.<br>
<br>
> The game I was playing was guess the bank balance, based on what
I've<br>
> seen in the MLs recently. Maybe we can play the game until Etienne<br>
> gets some free time :-) My guess is 18K. Anyone else to play?<br>
<br>
I believe it is less than that.<br>
</blockquote>
</div>
<br>
The draft accounts for our first financial year were presented at the
OSMF board meeting on September 13th.
<br>
<br>
The position at the end of the first year (31st August 2007) was:<br>
<br>
Balance Sheet<br>
ASSETS<br>
Debtors Control Account 6,021.60<br>
Cooperative Bank - Current Account 6,824.69<br>
Paypal - Sterling 218.50<br>
Paypal - Euro 172.34<br>
Paypal - US Dollars 48.72<br>
TOTAL ASSETS 13,285.85<br>
<br>
Creditors Control Account 1,744.94<br>
TOTAL LIABILITIES 1,744.94<br>
<br>
SHAREHOLDER'S EQUITY <br>
Current Earnings 11,540.91<br>
TOTAL EQUITY 11,540.91<br>
TOTAL LIABILITIES & EQUITY 13,285.85<br>
<br>
<br>
Income Statement<br>
INCOME<br>
Donations 7,
074.17 <br>
Membership fees 1,125.01 <br>
Retail partner commission 489.91 <br>
Conference Registration Fees 1,764.21 <br>
Merchandising Sales 549.86 <br>
Corporate Sponsorship 7,221.69
<br>
Miscellaneous Income 486.05 <br>
Interest received 3.56 <br>
<br>
TOTAL INCOME 18,714.46 <br>
<br>
EXPENSES <br>
Materials Purchased 1,395.55 <br>
Travelling
804.86 <br>
Conference Expenses 4,856.85 <br>
P.R. (Literature & Brochures) 117.50 <br>
Bank commission 75.67 <br>
<br>
TOTAL EXPENSES 7,250.43<br>
INCOME / (LOSS) 11,
464.03<br>
<br>
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