On 9/28/07, <b class="gmail_sendername">Tom Hughes</b> <<a href="mailto:tom@compton.nu">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">c4193f8c0709271057j19f839a0k6b1caf0c2aae7eed@mail.gmail.com</a>><br> Andy Allan <<a href="mailto:gravitystorm@gmail.com">
gravitystorm@gmail.com</a>> wrote:<br><br>> On 9/27/07, Peter Miller <<a href="mailto:peter.miller@itoworld.com">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>