|
We’ve
reached the end of the PDM financial year, so it’s time do the
accounts.
Income
was £4345.29.
Our income came from
gigs (there were 25 in the year), managing the Carnival stage and
the Headstart training session on live music promotion that Paul
ran.
Expenditure 3661.55
This
is broken down as
follows:
Payments to bands £2775
Charity
gig donations (LMHR and The Pasque via LutonAid) £315.32
Running
costs £571.23
This gives us a profit for the year of £683.74.
From that we need to deduct the loss from the previous year of £15.71.
This gives us an overall
profit of £668.03.
In the running costs there were some one off items such as the 50%
contribution towards a new computer to run pdm and the backdrop we
use at gigs. Total cost of the annual Best of CD was
£154.88
As
there were 25 gigs in the year this is an average profit of £26.72
and an average payment to bands per gig of £111 (so an average
payment to each band of £27.75, some get more some get less it all
depends on the number of people that come to each gig).
The
percentages are really interesting:
Payments to bands as a % income
71%
Running
costs % income 13%
It
doesn’t add up to 100% as a profit was made.
The
profit made will either go towards a contribution to the planned new
Luton bands compilation CD (assuming that Spike/The Fanzine go ahead
with it) or we’ll do another shared release single.
|
.gif)