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We’ve
reached the end of the PDM financial year, as it runs April to
March, so it’s time do the accounts.
Headlines are:
·
16%
increase in income (adjusted for not managing the Carnival Stage
this year), leading to;
·
16%
increase in payments to bands
·
11%
increase in the average audience per gig
·
80%
cut in admin costs
·
12%
increase in donations to local Charities, not including £200 so far
raised for Kids In Action from Best of 2009 cd and donations from
bands to Kids In Action.
That’s all fantastic news, so here’s the summary of the main
parts
Income
was £2732.03.
Our income came from
gigs. There were 20 standard gigs, 2 Breakin’ Arts and 3 charity
gigs in the year.
Expenditure £2864.97
This
is broken down as
follows:
Payments
to bands - £1710
Charity gig donations (LMHR, Kids In Action & The Pasque via
LutonAid) - £352.81
CD
production - £718.24 (Big Nothing fanzine VBAH 2.0 cd of Luton
bands, LMHR single and annual Best of cd, the last two being
subsidised by SoundArc)
Running
costs £83.92
This
gives us a loss for the year of £132.94.
That
there was a loss is not a bad thing as we had profit from 2008-9 of
£668.03 and we wanted to do something with the money this year.
That included expenditure on Sponsoring the PDM Stage at LutonAid (£150
donation to The Pasque) and £100 on the Fanzine CD (300 copies
distributed free around Luton) as well as the balance on the Best of
2009 cd.
For
Standard and Breakin’ Arts PDM gigs there was a profit of £588
which is how we’ve been able to spend so much but only have a loss
of £132.94. That profit on the standard PDM gig wasn’t at the
expense of the bands playing as the percentage of gig receipts paid
to bands for Standard and Breakin’ Arts gigs (i.e.not charity
shows) went up this year from 71% to 74%
So
overall, I think another successful year.
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