Hi folks,
Here’s a quick update on the state of the CoTech fund as of the end of the last calendar year (31/12/2021).
Summary
- We currently have £5262.03 in our Unity Trust bank account
- We have no liabilities
- 14 CoTech co-ops contributed a total of £4771 in 2021
- We spent £2382.04. Mostly on fixed costs (like hosting) but also on a project to pay someone to research and write the CoTech newsletter for 6 months.
Details
Here’s a breakdown of the revenue and expenses for the last 3 years
Income Statement 2019-01-01..2021-12-31
|| 2019 2020 2021
=================================================++===========================
Revenues ||
-------------------------------------------------++---------------------------
Revenue:Subscriptions:CooperativeWeb || 1040.00 221.00 1079.00
Revenue:Subscriptions:AgileCollective || 572.00 728.00 676.00
Revenue:Subscriptions:Outlandish || 416.00 416.00 416.00
Revenue:Subscriptions:DotProject || 156.00 260.00 520.00
Revenue:Subscriptions:WeAreOpen || 260.00 312.00 208.00
Revenue:Subscriptions:Animorph || 208.00 260.00 260.00
Revenue:Subscriptions:GoFreeRange || 208.00 208.00 208.00
Revenue:Subscriptions:CodeOperative || 0 260.00 260.00
Revenue:Subscriptions:CommunityBroadbandNetwork || 0 208.00 208.00
Revenue:Subscriptions:WebArchitects || 0 0 364.00
Revenue:Subscriptions:FormAndFunction || 0 156.00 156.00
Revenue:Subscriptions:InfactDigitalCooperative || 0 156.00 156.00
Revenue:Subscriptions:PrincipleSix || 104.00 104.00 104.00
Revenue:Subscriptions:Autonomic || 0 104.00 156.00
Revenue:Subscriptions:SmallAxeCommunications || 0 260.00 0
Revenue:Subscriptions:CreativeCoop || 0 102.00 0
-------------------------------------------------++---------------------------
|| 2964.00 3755.00 4771.00
=================================================++===========================
Expenses ||
-------------------------------------------------++---------------------------
Expenses:Infrastructure:Discourse || 0 2900.00 1450.00
Expenses:Newsletter || 0 0 450.00
Expenses:Infrastructure:MediaWiki || 0 230.00 115.00
Expenses:Infrastructure:Loomio || 0 127.29 176.60
Expenses:Gatherings:Newcastle || 0 217.00 0
Expenses:BankCharges || 54.00 72.00 72.00
Expenses:Infrastructure:DomainName || 0 125.64 58.44
Expenses:Infrastructure:StaticHosting || 0 120.00 60.00
-------------------------------------------------++---------------------------
|| 54.00 3791.93 2382.04
=================================================++===========================
Net: || 2910.00 -36.93 2388.96
It’s not particularly easy to compare 2021 with 2020, since 2019 was the first year the fund started and some of the revenue and expenses were carried over from 2019 into 2020.
We had no gathering costs last year for obvious reasons, but we did use some of the income to improve our online communications. The Loomio cost last year should be the last as we took advantage of an offer to pay for a “lifetime subscription”.
Forecast
Our annual income is greater than our fixed infrastructure costs, so as long as members keep contributing we should see the assets in the fund grow. We also have the opportunity to use the fund to support projects that benefit the network.
There are still a number of co-ops who don’t contribute to the fund, it would be good to encourage them (and any new co-ops who join CoTech) to get involved if they can afford to do so.
