Management Accounts for MRI to 18th April 2019 (all figs in £ (4,500 UGX - £1) Financial year end

Financial year end date

Period No 4
Sept 2017 -
1 Jan 2019 - March 2019 Dec 2018 Notes
Actual Budget Variance Actual
Operating income
Charitable Grants & fundraising to support operations 289 11,572 We over achieved on our target for fundraising in 2018
Earned Income - Generated Income 3,544 5,000 7,789 China pulling out of global plastic market reduced prices and income in 2017 2/4 of 2018
Capital Carried Forward 1,128

Total Operating Income 4,961 5,000 -39 19,361

Operating Expenditure

Staff Costs Note: this is only the central staff costs at the processing plant - collectors salaries fall under plastic purchasing
Salaries 992 685 -307 3,425
Bonus 107 100 -7 551
Temporary Staff 35 50 15 532
Total Salaries 1,134 835 -299 4,509

Overheads
Rent / Bills 18 43 25 146
Kampala Transport 658 1,200 541 4,054 We have increased site delivering to us rather than collecting
Staff meals 186 200 13 675
Plastic Collection Transport 377 650 273 2,198 Transport Cost have decreased slightly in 2019 even with inreased collection. This is because we have brough in a new system of delivery with incentives which enables collectors to earn more when they delvier independently
Advertising & Promotion 38 137 99 462
Plastic Purchasing 962 1,286 323 4,345 This figure represents employment/wages created in the community
Staff Training and Development 314 267 -47 78 Training budget increased in 2019 with the incoming implementation of Eco Brixs innovations
Eco Clubs 578 600 22 222

Total Overheads 3,131 4,382 1,251 12,180

Total Operating Expenditure 4,264 5,217 952 16,689

Operating Surplus/(Deficit) 697 -217 914 2,672

Other Income & Expenditure

Income
Andy Bownds personal investment 4,005 -4,005 11,269 Price of plastic plumeted with China pulling out of global market reducing expected income requiring more investment

Expenditure
Captial Start-Up Costs and Assets eg. Collection Truck 4,000 -10,694 This includes structures, fencing, collection truck in 2017/18 and 2019 increase our collection sites up to 13 satellite sites
Inovation and Design eg. Eco Brixs Pavers 711 -2,119 Expenditure on Eco Birxs has reduced as design is now fully certified main cost is continuous employement of Civil Engineer

Net position profit/(loss) -9 -217 -3,091 1,128 We maintained a savings that was targeted for Eco Clubs in 2019

Plastic Collection model / breakeven 1 Jan 2019 - April 18th

(all in £)

Plastic price paid (per kg) 0.10

Transport budget per kilo of plastic (collection & kampala) 0.06
Plastic selling price (per kg) 0.18

Fixed Overheads 555

Total tonnes plastic required: 26.03