Financial Report

Treasurer’s Report

Arran Eco Savvy Community SCIO    SC045785

Treasurer’s Report   – 7th July 2015 year ending 5th April 2016

Please note these accounts are in addition to the full twelve months accounts already posted on the website.

This accounting period begins

7th July 2015 the date the charity was registered. Surplus funds generated from activities prior to charitable status are shown as a donation.

The accounts have been examined by an independent examiner

The balance sheet is posted on our website and links to it will be available from the charity regulator OSCR

I am pleased to report a healthy bank balance of £7918.18

Income has been generated from the sale of unwanted items in the community re-use shop with the addition of £244 from donations and a raffle.

Barbara I’Anson

Treasurer

Revised accounts 12/01/2017


Arran Eco Savvy Community SCIO    SC45785

  • Annual General Meeting 25th May 2016
  • 7pm at Whiting Bay Village Hall
  • Treasurer’s Report   – year ending 4th April 2016

The accounts have been examined by an independent examiner and we have our signed examiner’s report here with additional accounts for anyone who would like to study finances in more details than shown on the Balance sheet.

The balance sheet will be posted on our website and links to it will be available from the charity regulator OSCR

This is Eco Savvy’s second year end report though our 1st as a charity.

I am pleased to report a healthy bank balance of £7918.18

Income has been generated from the sale of unwanted items in the community shop with the addition of £244 from donations and a raffle.

The second year in the shop generated £5,522.00 less than our first year, however changes were made to the second chance system and it is these sales which have reduced, and donated items are just slightly reduced.

The closing balance is just £421.94 less than the opening balance, this is excellent & due mainly to our hard working shop volunteers but all our volunteers are thanked for helping keep this past year financially sustainable.

In 2015 we made budgets for

Community Garden  > £3,000

Not used

Grant applications > £250

No grants have been applied for

Food Waste Composting Schemes > £2,500

£1208.13  figure includes all project development

Creative Up-Cycling workshops & the Eco Savvy Big Up-Cycling Event £1,000

£780 mainly advertising and hire of the village hall for workshops and the show

Investing in Volunteers > £1,000

£576

 

These budgets are now closed.   Cont.

2

Expenditure includes £1041.82 water rates of which half is retrospective for the first year Eco Savvy occupied the community shop.

Advertising is essential for us to promote our skill share events and workshops and to launch the first Zero Waste Arran week, however Eco Savvy is now working with N.A.C. waste awareness and this moves some advertising costs from our budget to the councils’.

Trading purchases are for sales of village bags and Ecover refill products only.

Project development includes; Permaculture course, Kibble visit, Fyne futures guest speaker, the launch of Zero Waste Arran & professional videos, purchases of land maps, projector & screen.

The project is hopefully at the point of growing considerably during 2016 with land purchase and green waste composting. For this reason no budgets are being set, the surplus funds from the community shop are proving to be enough to keep zero waste, skill sharing and investing in volunteers fully funded.

We are setting a target for a bank balance of £10,000 and plan to match fund it when possible.  To achieve this we are looking to maximise our community shop potential and look to our members and volunteers to think of imaginative fund raising ideas which are personally and financially rewarding & enhance our aims and purpose.

Barbara I’Anson

Treasurer 25/05/2016



 

 

 

 

 

 

 



Year 1

First, I would like to say a huge thank you to all of you, our members, and especially to our volunteers, without you, your hard work and support I would not be standing here today ready to deliver this financial report.
As you will see from the balance sheet we had a massive income of over £18,000
We had a very busy year as reported by our chairperson, we invested in improving the shop and financed several large events.
I am delighted to be able to report that even after all that investment, Eco Savvy  has a surplus of funds to invest of £8,340.74
 With your approval these funds will be invested to further our aims and make a real difference to our community.
Proposal for investing Eco Savvy funds into ideas and activities

Community Garden  > £3,000

Grant applications > £250

Food Waste Composting Schemes > £2,500

Creative Up-Cycling workshops & the Eco Savvy Big Up-Cycling Event £1,000

Investing in Volunteers > £1,000

It is proposed that following approval, each of these budgets will be managed by the volunteers leading each group & supported by the treasurer and working group.

This should enable each investment area, to grow towards achieving the vision, of the volunteers with the greatest involvement, in that aspect of the project.

Improvements & upgrades to the community shop & web site will be funded from community shop during the current financial year.

Year 1 notes.

Expenses have included   £850 approximate start up costs none recurring

Trading purchases of £500> (Ecover in bulk & plain cotton bags.)

Full detailed accounts are available to see in the community Shop

Barbara I’Anson Treasurer 20/05/2015

June 2, 2015