Income in 2014
| Type of income | Amount (£) |
|---|---|
| Trading income | 19,808 |
| Grants | 12,965 |
| Donations | 3,878 |
| Sponsorship | 1,290 |
| Bank interest | 24 |
| Total income | 38,137 |
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 Expense | Amount (£) |
|---|---|
| Personnel costs | 37,186 |
| Operational expenses | 10,495 |
| Total Expenses | 47,853 |
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.