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Hackspace

Hackspace Foundation report — August 2009

Introduction

Thanks to the announcement of our new space, we've had 8 new subscribers, increasing our revenue from subscriptions by more than 50%. We're now making more than £1,000 in revenue per month, which puts us well on the way to being able to afford a proper space.

Stats

Registered Users84(+12)
Foundation Members36(+8)

Income Statement

Revenues
Donations£348.10
Interest£0.22
Sales£25.00
Subscriptions£655.00
Total Revenue£1,028.32
Expenses
Bank Charge£0.88
Entertainment£208.33
Equipment-£17.19
Equipment Rental£28.28
Rent£400.00
Total Expenses£620.30
Net Income£408.02

Balance Sheet

Assets
Current Assets
Cash in Bank£3,404.84
Total Assets£3,404.84
Liabilities
Donations (Leeds)£707.78
Total Liabilities£707.78
Equity
Retained Earnings£2,697.06
Total Equity£2,697.06
Total Liabilites and Equity£3,404.84