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