End of 2017 Annual Report

Annual Report 2017 weare.colosoul.com.au

EXECUTIVE SUMMARY 2017 has been a whirl wind of a year for The Colosoul Group. We moved into a new building in Subiaco in February from our Barrack street basement office.

This year we have been renovating our office

and move forward financially into 2018 with

space into a colourful creative hub for young

a strong team. We have created a staff board

people to flock to and share ideas in a community

at Colosoul, this board has dedicated staff

environment. The progression of this office

members and is a group of young people that

space has transformed dramatically since we

want to help shape how the Colosoul Group

first stepped in the door. We are grateful for

moves forward. Moving forward we are really

the people and the sponsors that have helped

leaning strongly on our vision and making sure

us transform aspects of our creative space in to

those coming through the doors of Colosoul

what it looks like today. Thanks to Bunnings for

have a better understanding of our vision. HR is

donating all the white paint and a sander for the

being more strategic on how we take in interns.

floors, thanks to Cottage Timbers for another sander , Planet Timbers for the varnish, Mitre 10

Who has visited us in the past 4 months:

for colour paint for our artist coming through.

• YWAM (Youth With A Mission - Shirley This year has made us re-focus and restructure

Brownhill (CEO)

the organisation in terms of procedures in

• Art Source Fremantle -Katie Roberts (CEO)

the day to day running of the organisation,

• Upbeat Events -Cameron

how people leave and how our internship/ mentorship programs operate. Internships are

Noguera and

Suzanne Worner • Revelation Films - Suzanne Worner and Ian

3-6 months depending of the availability of the

Hale and Richard Sowada (Director)

person applying. All internships and mentees

• Leederville Council Mayor - Emma Cole

have set projects to work on to help with their success whilst a part of our program. We are

Tricia Ray - CEO

improving on making sure all social enterprises

Katelyn Kitching - General Manager

have committed team leaders, so we can grow

SOCIAL ENTERPRISES Social Enterprises include; Foxfeet Collective Fashion Store Lamods Modelling Agency Art Gallery POP Creative Design,Marketing and Social Media Agency Lepak Film and photography Agency Colosoul Events Department Colosoul CafĂŠ

POP Creative

Foxfeet Collective

Each social enterprise is slowly growing with

Foxfeet Collective has a few stock lists currently

POP Creative having consistent work coming in

,however we are definitely seeking up to 15 stock

each week. We would like to see POP achieving

lists at any one time and extending our service to

set monthly financial goals so that not only will it

interstate designers. We have re-evaluated our

help towards rent it will also help towards paying

marketing plan to make sure emerging designers

a team leader a wage. To set these goals then

find Foxfeet Collective affordable.

it’s important to have a more mature person who is able to help with sales. Currently Tricia

Colosoul Events

Ray is the sales person. We are having more recommendations through word of mouth from

Colosoul events has to date been in-house

previous clients.

however now that we have a strong Event Co-ordinator we would like to extend our

Lepak Media

event services to businesses as we are good at organising events. This is also another way to be

Lepak Media operates alongside POP Creative, we are having more interest in our services with outside events such as Up Beat Events. Who are looking at their budgets coming into next year and how they can be more supportive. We have also recently connected with Revelation Films who is very interested in collaborating with us and are currently utilising our design services.

able to pay a team leader a wage.

SOCIAL ENTERPRISES The Basement Gallery The Basement Gallery has had tremendous growth since it’s change in management. Since October the gallery has gained 61 Facebook followers and improved their posting reach from 300 average views to 500. Although the Instagram followers have remained stagnant, campaigns and research are in the works to grow on this platform.

The Basement Gallery is booked out until late June 2018, by reaching out to emerging artists, and has so far networked with local Perth groups such as Artsource, WAFTA and AGWA for future collaboration. The gallery averages 30-40 guests for exhibition opening nights and 15-20 throughout the weeks during exhibitions.

The Basement Gallery trialed school holiday workshops with children 8-12 during 2017 September school holidays, where they taught 38 children arts and crafts, taking $940 over two weeks. Coming into 2018, The Basement Gallery will be holding Saturday workshops with the artists holding an exhibition as well as school holiday workshops with children 8-12. The gallery has also been invited to hold a workshop for The City of Joondalup in the January school holidays.

HUMAN RESOURCES Mentors Colosoul is aiming through HR to attain 30

or give time over Skype to encourage the young

business people who are in business and or

people involved through workshops, business life

the arts continuously each year to be actively

coaching and helping with general business skill

involved as Colosoul mentors. These mentors

expertise. Know anyone please ask them to email

may give one hour a week, meet once a month

hr@colosoul.com.au

Volunteer Hours

Collective Volunteer Hours 1800 1629.15 1545.7

1600

1370.35

Collective Volunteer Hours

1400 1200

1088.65 1009.55

1000 736.9

800 600 400 200 0

July

August

September

October

Month

November

December

FINANCES Grants Grants This has proven to be a difficult area

volunteer teams who can make sure volunteer

although an area which will need to include

staff are being monitored properly through their

properly for 2018. Due to the demand already on

internships or mentorship programs. This will

team leaders, the CEO and GM grants are only

be done by improving sales and services offered

applied for when holding an event. Grants in the

through the social enterprises.

past have worked if someone offers their time to come in at least once a week and gets to know

Auspice

our organisation, spend time with team leaders and has a strong understanding of who we are

Auspice Our Auspice is JEM a NFP in Melbourne

and what we do. Katelyn Kitching (GM) and Tricia

who care for troubles youths helping them on

Ray (CEO) will try to fill out a grant once every

a pathway to recovery. All monies are now tax

two weeks even if they are small ones to begin

deductible through JEM for one year. Katelyn

with. We will be training team leaders how to

Kitching and Tricia Ray will work on creating a

do the same once we can show its effectiveness.

new board to help fit the status of what we do

However it would be something to look at into

through mentorship with youths who may not be

2018 in having a grants officer 1-2 days a week.

coping within the normal schooling system, our refugee program and our Indigenous program.

These mentorship programs need to come under

Team Leader Wages

a banner that fits within a DGR status.

To date no-one at Colosoul gets paid including

Colosoul Charity Ball

the CEO and GM. We are working towards paying all team leaders by the end of 2018. This

Colosoul Charity Ball 12th May at Astra Ball Room

is very important part of the developmental

Crown. This ball is integral for inviting corporates,

growth of the Colosoul Group Inc. Paying team

business people and politicians to have a better

leaders means we will be able to keep stronger

understanding of what the Colosoul Group Inc does

FINANCES with youth within our local community. This ball

up and being positive role models within the local

showcases very strongly the creative aspect and

community. GAP Program Ross from Nova enjoys

our community commitment to young people. We

mentoring one on one and likes to see those who may

have currently sold 5 tables. Please start thinking

struggle find a positive pathway to success through

of who you can be inviting along, we would like

mentorship. Ross runs the morning talkback show at

to see all tables sold by the end of March. This

Nova. w Colosoul Group Inc We are currently looking

event is integral for raising our profile within the

for new Ambassadors due to Sarah Danze leaving

local community and for raising the much needed

Perth.

funds that help us to continue to do what we do successfully supporting young people within the media and arts industry who are we currently partnered with; Rocky Bay - Supporting young people who struggle with depression, anxiety and mental health Alta -1 Supporting young people who are not coping within the normal schooling system Katelyn who else Partnering with coming up in 2018 Vinnies homeless youth projects Don’t Drink and Drown Refugee Program.

Who are our Ambassadors coming into 2018?

Our indigenous Program (indigenous Ambassadors) Kirsten Cox a passionate young woman who is a model and kick Boxer. Kirsten has an high interest in seeing young indigenous being successful.

Gemma Houghton currently plays for the Dockers and has a high interest in young indigenous rising

CLUB 70 Club 70 Recently we have met with ( who has

any given time then please ask them to email

came down to the building) Club 70 is especially

paassistant@colosoul.com.au

designed to encourage 70 business to come on board helping support The Colosoul Group Inc. at a very affordable cost. We have three sponsorship packages available depending on how much a person or business would like to donate on a monthly basis or as a one of financial donation.

Club 70 enables Colosoul to have a sustainable outlook and encourages business entities to be supportive of a local community project. It is also a great tool for connecting with business’s and helping them to have an understanding of what the Colosoul Group Inc is trying to achieve pro actively engaging with youths 13-25 years old. The Colosoul Business Committee The Colosoul Business Committee is very important for the ongoing success of Colosoul financially.

It’s important to always have a small committee with business people who have business skills that they can offer to help enhance the growth and development of Colosoul going forward financially. Either by helping with small business events, the promotion of the Colosoul Group Inc, introduction to other business people, or helping with the Club 70 package. If you know anyone who you feel would be suited to join this committee for a minimum of 3 months at

FINANCIAL UPDATE JULY TO NOVEMBER 2017

Foxfeet Collective July Revenue

August

Budgeted

Actual

Variance

Budgeted

Actual

Variance

Budgeted

Actual

Variance

$645.00

$745.00

$38.00

$774.00

$422.00

$352.00

$303.00

$799.00

$104.00

October Revenue

September

$1,032.00

$492.00

November $540.00

$1,161.00

$720.00

-

Key:

$441.00

Budgeted Below Budgeted Amount Above Budgeted Amount

Bar Graph of Foxfeet Collective Budgeted and Actual Profit

FoxFeet

$1,400.00 $1,161.00

$1,200.00 $1,032.00

Amount ($)

$1,000.00

$903.00 $743.00

$800.00

$799.00

$774.00

$720.00

$645.00 $600.00

$492.00

$422.00 $400.00 $200.00 $-

Budgeted

Actual July

Budgeted August

Actual

Budgeted

Actual

September

Month

Budgeted October

Actual

Budgeted

Actual

November

Lepak Media July Revenue

August

Budgeted

Actual

Variance

Budgeted

Actual

Variance

Budgeted

Actual

Variance

$1,600.00

$30.00

$1,510.00

$2,075.00

$789.00

$1,266.00

$2,550.00

$1,253.00

$1,237.00

October Revenue

September

$3,025.00

$83.00

November $2,342.00

$3,500.00

$1247.00

-

Key:

$2,253.00

Budgeted Below Budgeted Amount

Bar Graph of Lepak Media’s Budgeted and Actual Profit

Lepak Media

$4,000.00 $3,500.00

$3,500.00 $3,025.00

$3,000.00

Amount ($)

$2,550.00 $2,500.00 $2,075.00 $2,000.00 $1,600.00 $1,500.00

$1,253.00

$1,000.00

$1,247.00

$789.00

$500.00 $90.00 $-

Budgeted

Actual

$83.00 Budgeted

July

Actual

Budgeted

August

Actual

Budgeted

September

Actual

Budgeted

October

Actual

November

Month

The Basement Gallery July Revenue

August

Budgeted

Actual

Variance

Budgeted

Actual

Variance

Budgeted

Actual

Variance

$700.00

-

$700.00

$617.00

$500.00

$317.00

$934.00

$140.00

$734.00

October Revenue

September

$1,051.00 $1,100.00

November $49.00

$1,168.00

$310.00

-

Key:

$858.00

Budgeted Below Budgeted Amount

Bar Graph of The Basement Gallery’s Budgeted and Actual Profit

Above Budgeted Amount

Basement Gallery $1,400.00

Amount ($)

$1,200.00

$1,051.00

$1,168.00

$934.00

$1,000.00 $800.00

$1,100.00

$817.00 $700.00

$600.00

$500.00

$400.00

$310.00 $140.00

$200.00 $-

$Budgeted

Actual July

Budgeted August

Actual

Budgeted

Actual

September

Month

Budgeted

Actual

October

Budgeted

Actual

November

Events Colosoul Con Revenue

Star Wars Quiz Night

Budgeted

Actual

Variance

Budgeted

Actual

Variance

Budgeted

Actual

Variance

$1,500.00

$1,134.00

$306.00

$1,500.00

$1,105.00

$395.00

$5,000.00

$5,209.00

$209.00

Harry Potter Quiz Night Revenue

WA Born

$1,500.00

$1,462.00

Bird on a Wire

$38.00

$5,000.00

$812.00

-

Key:

$4188.00

Budgeted Below Budgeted Amount Above Budgeted Amount

Bar Graph of Event’s Budgeted and Actual Profit Events

Amount ($)

$6,000.00

$5,209.00

$5,000.00

$5,000.00

$5,000.00

$4,000.00 $3,000.00 $2,000.00

$1,500.00

$1,194.00

$1,500.00

$1,500.00

$1,105.00

$1,462.00 $812.00

$1,000.00 $-

Budgeted

Actual

Colosoul Con

Budgeted

Actual

Budgeted

Star Wars Quiz Night

Actual

Budgeted

WA Born

Actual

Budgeted

Harry Potter Quiz Night

Actual

Bird on a Wire

Event Name

Human Resources July Revenue

August

Budgeted

Actual

Variance

Budgeted

Actual

Variance

Budgeted

Actual

Variance

$360.00

$525.00

$175.00

$467.00

$400.00

$67.00

$584.00

$500.00

$84.00

October Revenue

September

$701.00

$175.00

November $526.00

$818.00

$325.00

Key:

$493.00

Budgeted Below Budgeted Amount Above Budgeted Amount

Bar Graph of Human Resource’s Budgeted and Actual Profit Human Resource $900.00

$818.00

Amount ($)

$800.00

$701.00

$700.00 $600.00

$525.00

$500.00 $400.00

$584.00 $500.00

$467.00 $400.00

$350.00

$325.00

$300.00 $175.00

$200.00 $100.00 $-

Budgeted

Actual July

Budgeted

Actual

Budgeted

August

September

Month

Actual

Budgeted

Actual October

Budgeted November

Actual

POP Creative July

August

September

Budgeted

Actual

Variance

Budgeted

Actual

Variance

Budgeted

Revenue

$700.00

October

$700.00

$950.00

$1,220.00 November

$270.00

$1,200.00

Revenue

$1,450.00

$1623.00

$173.00

$1700.00

$490.00

$1,210.00

Actual

$1,147.00 Key:

Variance $53.00

Budgeted Below Budgeted Amount Above Budgeted Amount

Bar Graph of POP Creative’s Budgeted and Actual Profit POP Creative $1,800.00 $1,623.00

Amount ($)

$1,600.00

$1,700.00

$1,450.00

$1,400.00 $1,220.00

$1,200.00

$1,147.00

$950.00

$1,000.00 $800.00

$1,200.00

$700.00

$600.00

$490.00

$400.00 $200.00 $-

$Budgeted

Actual July

Budgeted August

Actual

Budgeted

Actual

Budgeted

September

Month

Other Sources of Income for Colosoul Group Inc. Other Income: Melbourne Cup at The Vic Melbourne Cup at Botanica Ulta Violet Fashion Week

Amount ($) $231.00 $611.00 $600.00

Actual

October

Budgeted

Actual

November

PROFIT AND LOSS STATEMENT As at 30 June 2017 Cash Basis

PROFIT AND LOSS STATEMENT As at 30 June 2017 Cash Basis

2017

2016

PROFIT AND LOSS STATEMENT As at 30 June 2017 Cash Basis

Cost of Sales

2017

2016

PROFIT AND LOSS STATEMENT As at 30 June 2017 Cash Basis

Cost of Sales

2017

2016

BALANCE SHEET As at 30 June 2017 Cash Basis

Cost of Sales

2017

2016

BALANCE SHEET As at 30 June 2017 Cash Basis

Account

30-Jun-17 30-Jun-16

CONTACT US 0474 067 005 241 Hay St, Subiaco, WA P.O. Box 8157 Hay st, Subiaco, 6008 weare.colosoul.com.au hr@colosoul.com.au paassistant@colosoul.com.au volunteer@colosoul.com.au

THANK YOU TO OUR SPONSORS