Φίλοι του Αγκιστρίου

Report and Financial Statements

31 August 2010

Committee Report

The committee of Friends of Agistri are pleased to present the annual report together with the financial statements for the year ending 31^st August 2010. The financial statements comply with the charity’s governing document, current statutory requirements and applicable law.

The associations aims:

1 The protection and preservation of the environment for the benefit of Agistri by:

1. the promotion of waste reduction,

2. re-use of clothing and household goods,

3. reclamation of such items for re-use,

4. recycling and the use of recycled products

2 Through member participation, to support the protection of both the cultural heritage and the environment of the island and through whatever means at its disposal, to assist in improving the quality of life for the island and islanders.

3 To support and assist those providing education and cultural activities, lectures, seminars, recreational and artistic events, films, library etc. which conform with the aims of the association.

4 Through collaboration with the Local Government, as well as with other institutions or associations of the wider region, the resolution of more general issues including renewable energy, recycling and the protection of the

islands unique flora and fauna.

5 Any other support or input as approved from time to time by the Association that will provide for a better Agistri for the islanders and those who visit the island.

Committee Members and Advisers

Committee

Chairman & Treasurer Mr Patrick Mallett

Committee Members Mrs Gillian Brion

Mr Mervyn Brion (Vice Chairman)

Mrs Patricia Goddard

Mr Byron Holder (Secretary)

Mr Keith Marshall

Mrs Carole Newbould

Mr Peter Newbould

Mrs Phyllis Wood

Mrs Wendy Yule

Chairman’s Review

I shall begin this report by thanking all those who have contributed to the charity over the past 18 months since its inception in Apr

il 2009. I would like to particularly thank those founding members who have worked diligently over this time to ensure the success of the charity and its shop.

Two committee members are stepping down at the AGM in September. Pat Goddard, who, as a founding member, has worked hard at bringing in funds for the charity, especially through regular raffles, and Wendy Yule who joined us last year as a committee member and contributed well at meetings, but is stepping down to concentrate on the animal welfare work that she is involved in. Many thanks to both members for their contribution.

I would also like to thanks Mrs Eunice Teasdale for the regular donation of handmade cards and Mrs Gillian Brion for the handmade fridge magnets and key rings. All these items are sold in the shop. Of course, very special thanks must go to the volunteers who work in the charity shop. Without them there would be no income to distribute. Thanks to those that help out with general maintenance and other aspects tha

t keep us running and also to our lawyer, Mrs Viky Lambrou who provides her services to us free of charge.

The last 12 months have seen many achievements on the island through donations and grants from our charity. In our first year of operation, 2009, we made only one donation. This was used for a photographic exhibition of the island and islanders over the past 50 year. This exhibition is still housed in the museum. This year we have made donations and grants to the Church in Megalohori for restoration work, for water feeders in the forest to supply wildlife with water through the hot summer months, to the clean up Agistri Day for rubbish collection on the island and finally for the school Environmental Studies weekend to encourage awareness about recycling and environmental protection.

I feel that the chosen programmes for grants and donations this year has strengthened local opinion about the work that is being done by the charity. To this end, we have seen an increase in items donated to the charity shop and more local people becoming customers of the shop as well.As we move now into a new

year of operation, we look forward to finalising our charity’s legal status.

The constitution will be signed off in September 2010 by the founding committee members and a new committee will be brought in. Following the AGM, the new committee will vote in the posts of Chair, Vice Chair, Secretary and Treasurer to carry forward the work of the charity. Although I shall be stepping down as Chair at the AGM, I will continue to be active with the charity and look forward to working with the new Chair and the new committee in due course.

We will also spend the forthcoming year further promoting the work of the charity starting in October with a mail shot to every home on the island. We will also look at launching a website to encourage more awareness of the charity and its work.

With the continued support of its members, I know that the Friends of Agistri charity will go from strength to strength and continue to support the Island of Agistri.

Many thanks to you all.

Patrick Mallett

Chairman

STATEMENT OF FINANCIAL ACTIVITIES

Year ended 31 August 2010

	Note	2010		2009
		€		€
INCOME
Loans				300,00
Donations	1	20,00		65,00
Subscriptions (Membership)	2	320,00
Shop	3	4262,36		2502,90
Bazaar
Other Fund Raising Activities	4	96,00		41,00
Other Income	5	25,83		0,24
Total Income		4724,19		2909,14
EXPENDITURE
Loans Repaid				(300,00)
Fund Raising and Publicity	6	(95,00)		(39,55)
Shop Expenses	7	(2397,83)		(975,50)
Support & Admin Costs	8	(89,90)
Other	9	(9,44)
Total Expenditure		(2592,17)		(1315,05)
NET INCOME FOR THE YEAR		2132,02		1594.09
Opening Fund Balances	11	1372,49		0,00
Grants Made	10	(1163,26)		(221,60)
CLOSING FUND BALANCE	11	2341,25		1372,49

All results derive from continuing operations. The Charity and Shop has completed 12 months of operation during the year ending 31 August 2010 (and operated for 6 months during 2009).

The accompanying notes form part of the financial statements.

NOTES TO THE ACCOUNTS

Year ending 31 August 2010

1. A financial donation of 20,00 euro was received during the year. In addition to financial donations, the Charity accepted donations of items to be sold through its shop. Many items were received during the year.

2. Membership of the Association now stand at 32 fully paid members. All subscriptions have been paid and the next are due in September 2011.

3. Shop income relates to the sale of all items donated to the charity for sale through its shop. No monetary value is assigned to any item, therefore there are no stock costs involved. Some items have been purchased for sale in the shop, these are listed elsewhere.

4. Two raffles where carried out during the year.

5. An amount of money was found in the till or shop that was not accounted for through shop income. Other income includes the charity shop change jar (6,00 euro) and book sales (13,50 euro) which have been operating for one month.

6. The cost of providing the shop window poster accounts for the full spending on publicity.

7. The rental costs of the shop during the year amounted to 1800,00€. In addition there were general running costs for electricity, cleaning supplies and the purchase of equipment.

Electricity	59,50
Cleaning and Supplies	19,63
Equipment and Fittings	483,92
Refreshments	19,78
Purchase of Items to Sell	15,00

8. Support and Administration costs include printing costs for day to day paperwork and administration (37,50) and committee meeting expenses including refreshments for 6 meetings (52,40).

9. Other expenditure relates to the purchase of chocolate for one of the raffles. Cost 9,44 raffle income 47,00 net income 37,56.

10. The following grants totalling 1163,26 euro were made during the year to 31 August 2010. This represents a 425% increase on last year.

Transportation of Tiles for Church	November
Towards the cost of the transportation of Byzantine roof tiles for the renovation of the Church in Megalohori.	100,00
Purchase of Byzantine Roof Tiles	January
Towards the cost of the Byzantine roof tiles for the renovation of the Church in Megalohori.	400,00
Environment Awareness Trip	February
Towards the cost of the High School trip to an environmental and recycling awareness centre. This trip provided the school children with an insight into issue affecting the island.	450,00
Rubbish Collection Day	April
A rubbish collection day was organised by the two schools on the island. Many people attended and the charity provided for the advertising costs and the supply of bags and gloves for the event.	114.26
Animal Water Feeders	June
Toward the costs of animal water feeders placed in the forest to provide water for the wildlife therein. The heat of the summer takes a heavy toll on the islands fauna and this will go some way to alleviate the problems	99,00

11. The Charity began operating on 1 March 2009 and operated for 6 months until its first financial report. The first full financial year began on 1 September 2009 and ended on 31 August 2010.Our opening funds as at 1st September 2009 were 1372,79 euro. The closing funds after all deductions and grants made was 2341,25 euro.