[okfn-coord] OKFN 2007-2008 Draft Accounts

[Becky Hogge]

2009/2/24 Rufus Pollock <rufus.pollock at okfn.org>:
> The accountant has sent us his draft of the 2007-2008 accounts. I've
> uploaded these to the wiki:
>
> <http://okfn.org/board/wiki/CompanyAccounts?action=AttachFile&do=view&target=okf-accounts-20090224.pdf>
>
> Please take a look and let me know any comments you have, preferably
> *by the end of this week.*

They all look fine apart from the "shareholders' capital" bit. Who are
the shareholders? The directors?

If the OKFN has not-for-profit terms enshrined in its mems and arts,
then it might be more appropriate to represent this as an "accumulated
fund". This is how ORG referred to its capital fund in our company
accounts. (see http://www.openrightsgroup.org/wp-content/uploads/accountsto311007.pdf)

Cheers

Becky