Feddit.uk financial report (July 2024)
Feddit.uk financial report (July 2024)
As can be seen from our Open Collective page, we built up a war chest in our first round of fundraising that almost covers a year's worth of hosting and we still have solid monthly donations:
However, this doesn't provide a full breakdown of our costs, so here are the details:
Hosting (total after VAT €40.68 - £34.09):
- Server - €29.00
- IP4 - €1.70
- Backup box - €3.20
So, as we received £39.31 this month our monthly donations are covering the hosting costs. As we went for a server with ample specifications these costs should remain the same for the time being.
In addition, before our fund-raiskng, I paid for hosting as we were preparing for a move to a new instance and then, after a quick change of plans, the current server. So there were four payments and I am submitting one repayment each month. This month was £11.78.
Following an earlier request, I have broken down the outgoings in a spreadsheet, which can be found here. That should help explain what the various costs have been and the payments that have been made to me as well as the ones due.
If anyone has any other questions then fire away. I've tried to keep everything concise but informative, however, I may have missed something.
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On a slightly wider note: I had hoped to start posting financial reports sooner but there has had to be quite a bit of back-and-forth, with a dollop of trail-and-error, to get the payments working smoothly but we've now got a process in place that is working well. Which likely means I've jinxed it.
Thanks for all the great work, squire - I know it's a bit thankless. Let us know if the well's running dry.
I know it’s a bit thankless.
It's the dull bit that helps keep the lights on but I've got it down to 5 minutes once a month, so it is hardly a chore.
Let us know if the well’s running dry.
We will do but, as it stands, the future of the Instance is secure. Regular donations exceed the hosting costs and one-off have given us a sizeable war chest which should help us through any issues (it's always tricky to foresee what might be in the future but this gives us a buffer against a lot of things).