This update is to say a big thank you for donating to 99%. We thought you might like an update on how we have used the donations we've received.
The 99% Organisation is unusual: it is an all-volunteer organisation without a single employee. This means that everything we do is done voluntarily by our members, who give incalculable amounts of time, effort and expertise. None of this shows up in our funding, but it is by far the most important input we receive and we are immensely grateful for it.
Of course, we do have some expenses: we run a website, we produce reports, we run events in Parliaments for Members, and we comply with accounting and tax requirements etc. The income which pays for all our expeses also comes as donations from our members and we are immensely grateful to our donors.
The table below summarises our financial income and outgoings over the past two years.
(£) | ||
| 1 Sep 22 opening balance | 2,308 | |
| Donations | 6,912 | |
| Expenditure | ||
| Website & IT costs | 1,345 | |
| NHS report design and printing | 1,571 | |
| Parliamentary events | 660 | |
| Media training | 1,698 | |
| Insurance | 952 | |
| Tax | 352 | |
| Bank service charges | 29 | |
| Impress membership | 60 | |
| Accounting services | 352 | |
| Total expenditure | 7,019 | |
| 30 Aug 24 closing balance | 2,201 | |
At least for now, we intend to continue with our all-volunteer model, which means that we do not need to depend on major funding streams to continue our work, and we do not have to tailor our message to suit the wishes of major donors. This is a valuable freedom of action and we thank you for it.