Popular Post BEngo Posted January 3, 2020 Popular Post Report Share Posted January 3, 2020 Last time I reported on the forum finances was at the end of 2018 when we had £870.16 in the bank. This report covers the whole of 2019. At the beginning of the year we had £870.16 in the bank. At the end of December we had £959.67 in the bank. During the year we received nearly £1250 in donations. The monthly average was a little over £104 and the best month (January) we received £183.11 while the worst month (Oct) we received £40.42. In 2018 donations were £1857. We spent a little more than £1140 on running the site, at an average cost of £95/month. In 2018 our costs were £2006. The reduction is due to a good deal of work by Rich our Tech Admin to reduce our costs whilst maintaining a reliable site and good service levels. For those who like pictures: Our Main expenses are: Forum Software: Invision £65.00 6 Monthly Hosting: Digital Ocean £83.00 Monthly Licences Digivity/Panellicense £5-00 Monthly Controls: Cleverbridge AG £5.00 Monthly E-mail relay: SendGrid £12.00 Monthly The costs above are not exact, as some are paid in US Dollars and fluctuate as the currency exchange rate varies. Thank to everyone who supported the forum. For those who are thinking of donating regularly, an aggregated annual or 6 monthly sum is most effective- PayPal charge us a fee for collecting each donation and this is a greater percentage of a small sum than a larger one. As an example from 12 x £1.00 donations we get £10.80. From an annual donation of £12.00 we would get £11.35- an extra 5%. Thank you again for your support and Happy Boating in 2020. Regards Nigel 6 1 Link to comment Share on other sites More sharing options...
MHS Posted January 3, 2020 Report Share Posted January 3, 2020 I had looked at the donation page a few days ago. There were no details there as to the cost of running the forum, so this report has come at a good time. I will go on now and make an annual donation. Link to comment Share on other sites More sharing options...
Ray T Posted January 3, 2020 Report Share Posted January 3, 2020 Many thanks for all the "backroom" work involved. Link to comment Share on other sites More sharing options...
cuthound Posted January 3, 2020 Report Share Posted January 3, 2020 1 hour ago, Ray T said: Many thanks for all the "backroom" work involved. Seconded. Link to comment Share on other sites More sharing options...
jeanb Posted January 3, 2020 Report Share Posted January 3, 2020 Thanks to everyone for all your hard work, including the mods. We intend to continue our support. Link to comment Share on other sites More sharing options...
1st ade Posted January 4, 2020 Report Share Posted January 4, 2020 On 03/01/2020 at 16:59, jeanb said: Thanks to everyone for all your hard work, including the mods. We intend to continue our support. Likewise. Link to comment Share on other sites More sharing options...
Laurie Booth Posted January 5, 2020 Report Share Posted January 5, 2020 Good job by one and all. Link to comment Share on other sites More sharing options...
Bee Posted January 5, 2020 Report Share Posted January 5, 2020 Its a thankless task, but...... Thanks! Link to comment Share on other sites More sharing options...
David Mack Posted January 5, 2020 Report Share Posted January 5, 2020 On 03/01/2020 at 10:45, BEngo said: We spent a little more than £1140 on running the site, On 03/01/2020 at 10:45, BEngo said: As an example from 12 x £1.00 donations we get £10.80. From an annual donation of £12.00 we would get £11.35- an extra 5%. So 100 donors each paying £1 per month by annual donation would more or less cover the running costs. How many individual donors did we have last year? Link to comment Share on other sites More sharing options...
BEngo Posted January 5, 2020 Author Report Share Posted January 5, 2020 1 hour ago, David Mack said: So 100 donors each paying £1 per month by annual donation would more or less cover the running costs. How many individual donors did we have last year? Yes, indeed, 100 regular donations of £12, once a year, would be lovely, If we could have them spaced out neatly so there were 8-10 donations every month with the bulges just before we pay for the forum software, that would be even better. Unfortunately the reality is otherwise. However, what we do have now, is a position where we have outgoings that are less than our income in most months and where we do not have to sporadically appeal for funds because we don't have enough in the bank to pay the bills. That is due to the on-going generosity of the Forum's users and to work by Rich M to reduce OpEx. I have looked through the Paypal stats to see what detail is available , but I appear to be unable to answer the "How many" question without doing a detailed sort and count from each monthly Paypal statement. Even then I am likely to miss or double count some individuals. It may be some while coming,....... What I can see from Paypal stats is that there were 301 donations last year (2019), of all types. Looking at the statements, in a typical month we received between 15 and 18 subscription donations and 6-10 one-off payments. Mostly the regular subscription payments are donations of £1 , which, less Paypal's fees, gve us somewhere in the order of £15-20.00. There are a couple of months with a cluster of 6-monthly and annual donations and these are better for the bank balance. The one off payments make up the bulk of our income. Nigel 1 Link to comment Share on other sites More sharing options...
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