2014 Financial Report

Income in 2014

Type of incomeAmount (£)
Trading income19,808
Bank interest24
Total income38,137

The Restart Project’s main sources of funding in 2014 were trading income deriving from paid events and talks (£19,808), grants (£12,965), donations (£3,878) and corporate sponsorship (£1,290). The main grant (£7,500) was the first half of the “Build it Awards” programme by Unltd, supporting development of our work with communities, while we build our business.

Expenses in 2014

Type of ExpenseAmount (£)
Personnel costs37,186
Operational expenses10,495
Total Expenses47,853

Personnel expenses (£37,186) included consultancy contracts to help develop the trading arm of The Restart Project, as well as communications, marketing materials and support to new groups replicating our activities. Additional personnel expenses included professional support in graphic design and fundraising. Operational expenses (£10,495) covered rent, travel expenses, consumables and volunteer expenses.

In 2014 our expenses exceeded our income by £9,716, due to the initial costs of setting up the trading arm of the organisation and the time required to gain sufficient visibility and traction selling our events. Our cash reserves at the end of the year were £16,013.