Budget 2024: Budget vs. Actual
Andrew Escobar (Andres) · social.coop Finance Working Group
Tue 22 Jul 2025 9:28PM
Public
Seen by 104
Proposal & Outcome
shared with members in February 2024
approved by members in March 2024
-
subsequent updates by Finance Working Group (FWG) to avoid rounded figures:
Tech Working Group: 3,530 GBP
Reserves: 2,470 GBPWe did not directly budget for payment processor fees, but we estimated 13,000 GBP in member contributions *after fees.* Actual membership contributions were just over 12,000 GBP after fees.
Budget vs. Actual · GBP
social.coop |
Budget |
2024 |
2025 |
Actual |
Notes |
|---|---|---|---|---|---|
member contributions |
13,000 |
12,851.09 |
12,851.09 |
||
payment processor fees |
(862.97) |
(11.10) |
(874.07) |
1 |
|
Finance Working Group |
|||||
Community Contributions |
(3,500) |
(2,928.82) |
(500.00) |
(3,428.82) |
2 |
stipends |
(1,000) |
(1,195.00) |
(1,195.00) |
||
fiscal hosting |
(600) |
(600.00) |
(600.00) |
||
Technology Working Group |
|||||
Meet.coop membership |
(1,080) |
(1,080.00) |
(1,080.00) |
||
hosting |
(1,000) |
(646.83) |
(509.61) |
(1,156.44) |
|
domain name |
(100) |
(86.20) |
(86.20) |
||
May First membership |
(250) |
(392.12) |
(392.12) |
3 |
|
stipends |
(1,000) |
0.00 |
0.00 |
4 |
|
Community Working Group |
|||||
stipends |
(1,000) |
(352.93) |
(430.24) |
(783.17) |
|
Organizing Circle |
|||||
stipends |
(1,000) |
(745.11) |
(745.11) |
5 |
|
Reserves |
2,470 |
4,706.22 |
(2,196.06) |
2,510.16 |
Amounts in 2025 are expenses (and estimated payment fees) that were included in our 2024 budget but reimbursed or paid in 2025.
The budget for Community Contributions was updated to include an additional 100 GBP originally proposed under Tech Working Group as an expense for Loomio. Finance Working Group then allocated 400 GBP to Loomio and 500 GBP × 6 organizations/projects based on member input.
May First membership fees (250 USD) were mistakenly reimbursed twice (500 USD total).
Tech Working Group did not allocate stipends.
Organizing Circle made an intentional allocation below the budgeted amount.
Transparency and Accountability
The Finance Working Group (FWG) reviewed all expenses, ensuring they fit within the approved budget. Each expenses was approved by one (1) member of FWG. Approved expenses were then directed to our fiscal host Platform 6 Development Co-operative for final approval and payment. Members are encouraged to monitor all our finances on Open Collective to help maintain transparency and accountability:
Open Collective Transactions · GBP
Transactions |
Processor |
Budget |
2024 |
2025 |
Actual |
|---|---|---|---|---|---|
contributions |
Stripe |
13,000 |
12,851.09 |
12,851.09 |
|
payment processor fees |
Stripe |
(834.52) |
(834.52) |
||
expenses |
all others |
(8,850) |
(5,601.90) |
(2,184.96) |
(7,786.86) |
payment processor fees |
all others |
(28.45) |
(11.10) |
(39.55) |
|
contributions |
internal |
(1,680) |
(1,680.00) |
(1,680.00) |
|
2,470 |
4,706.22 |
(2,196.06) |
2,510.16 |
Closing Thoughts
This is just a financial update. A few questions left answered by this budget updated:
Did we grow our membership in and participation on social.coop?
Did we improve our governance (decision making) and member engagement?
What is was our mission impact last year?
Andrew Escobar (Andres) · social.coop Finance Working Group · Thu 16 Oct 2025 3:43AM
Since sharing this fiscal update, Open Collective released Reports — and I am glad to see that Transaction Reports / 2024 matches the column above for 2024.