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What's this?

This is where we tell you about our accounts as we want to be as open as we can about how PDM runs.

 

 

 

pdm:2009-10 accounts summary

 

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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