Financial Report
|
No. |
Description |
Total (RM) |
|
|
Crowdfunding funds |
1,300.00 |
|
Total Income |
1,300.00 |
|
|
No. |
Description |
Total (RM) |
|
1 |
Services charges (10%) |
130.00 |
|
2 |
Service tax (6%) |
7.80 |
|
3 |
Reward for pledgers i) Keychain include shipping fees ii) Flower bouquet include shipping fees |
31.60 86.70 |
|
|
Total Expenses |
256.10 |
|
|
Net Income |
1,043.90 |
Table 2: Expenses and Net income
The targeted amount for ‘Small Steps for the Kids’ crowdfunding project was RM3,000. we could not achieve the target but we managed to get a total of RM1,300 for this project. This means we got only 43% out of 100% and the total pledgers who supported this crowdfunding are 59 people.
The second table shows the expenses and net income. 10% from these funds are used to pay service charges to MYSTARTR and 6% for service tax (SST). To appreciate the pledgers we give rewards to them. The total amount we spend to buy rewards is RM118.30, RM31.60 for keychains and RM86.70 for flower bouquets. This amount includes shipping fees. Total expenses is RM256.10. Net income after minus all expenses is RM1,043.90 and this amount is given to the Labuan Autism Development Centre to purchase educational tools for autism kids which is the main objective for this crowdfunding program.
Receipt of Rewards Purchased - Mini Bouquet
Receipt of Rewards Purchased - Keychain
