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+---- Thread: Limelight Financial Report [28/04/16 - 30/04/17] (/thread-19767.html)
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RE: Limelight Financial Report [28/04/16 - 30/04/17] - Rizion - Feb 19, 2018
So what is happening with the 3330.35 £ you made in profits?
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Jono - Feb 20, 2018
(Feb 19, 2018, 11:45 PM)Rizion Wrote: So what is happening with the 3330.35 £ you made in profits?
We're using it for various things: 1: an emergency fund, in case of other issues which may need the reserves, 2: we're ensuring that we always have a good few months worth of costs to cover the server as to ensure up-time even if no membership is bought.
The rest is being used for development and/or expansion.
I'm not giving exact numbers on this right now as it changes fairly quickly, but in the next report i'll details further where it's gone.
Faustie edit: Will expand on further development soon
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Jan - Feb 20, 2018
This does seem proffesional, I don't think I've ever seen a community make an approach to the donation subject like this. Probs to everyone involved, I'm impressed!
RE: Limelight Financial Report [28/04/16 - 30/04/17] - CJT - Feb 20, 2018
If you had £3330.35 left in profit would that not have been sufficient to fund Evocity radio?
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Soviethooves - Feb 20, 2018
(Feb 20, 2018, 01:13 AM)CJT Wrote: If you had £3330.35 left in profit would that not have been sufficient to fund Evocity radio?
@Jono just said that those funds are used for;
Emergency Fund
Reserve Funds for keeping server alive if LL has a drought of funding
Development Branch of LL
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Doctor Internet - Feb 20, 2018
(Feb 20, 2018, 01:13 AM)CJT Wrote: If you had £3330.35 left in profit would that not have been sufficient to fund Evocity radio?
I'd like to direct you to the closure thread.
The main reason for the closure of EvoRadio wasn't due to a lack of funds.
RE: Limelight Financial Report [28/04/16 - 30/04/17] - richie - Feb 20, 2018
(Feb 20, 2018, 08:30 AM)Doctor Internet Wrote:(Feb 20, 2018, 01:13 AM)CJT Wrote: If you had £3330.35 left in profit would that not have been sufficient to fund Evocity radio?
I'd like to direct you to the closure thread.
The main reason for the closure of EvoRadio wasn't due to a lack of funds.
whys the thread locked?
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Night - Feb 20, 2018
You requested it to be closed IVNT. It was going nowhere, in your own words.
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Scrotonium - Feb 20, 2018
How long is a period? Months, a few months? Once a month? A year?
RE: Limelight Financial Report [28/04/16 - 30/04/17] - Jono - Feb 21, 2018
(Feb 20, 2018, 10:29 PM)Coupcake Wrote: How long is a period? Months, a few months? Once a month? A year?A period is a tax year in the uk- as we incorporated just before the next tax year but didn’t start trading till the next tax year, this period is marginally longer.
Next report will be from 30/04/17-30/04/18