AGM June 2024
Treasurer’s Report 2023/4
Annual Account of the Norfolk County Music Fes;val for the year ending 31 May 2024.
The accounts for 2023/4 show a total income for the year of £59,717.42 (£34,360.00 from Grants plus interest from the Fidelity fund of £1848.02) with expenditure being £53,397.98.
The bank account shows a final balance of £6319.44 On 31[st] May 2024.
Sheila Coakes
Treasurer
| Norfolk CountyMusic festival Accounts: | Norfolk CountyMusic festival Accounts: | Norfolk CountyMusic festival Accounts: | Norfolk CountyMusic festival Accounts: | ||||
|---|---|---|---|---|---|---|---|
| Year Ended 31st May2024 | |||||||
| 2024 | 2023 | ||||||
| Income | |||||||
| Balance b/fwd May 31st 2023 | £ 1,253.29 | ||||||
| Grants/ Donations | £34,360.00 | £ 5,500.00 |
|||||
| Local Giving/EasyFundraising | £ 52.51 |
||||||
| Festival EntryFees | £12,143.94 | £ 5,470.00 |
|||||
| Festival Door Receipts (incl £1200 foat) | £10,059.66 | £ 7,925.04 |
|||||
| Investment Portfolio Income | £ 1,848.02 | £ 2,093.40 |
|||||
| Investment Portfolio Withdrawal | |||||||
| Total Income | £59,717.42 | £ 20,988.44 | |||||
| Expenditure | |||||||
| Venue Hire | £ 9,489.80 | £ 2,809.00 |
|||||
| Adjudicator Fees & Expenses | £ 7,435.87 | £ 3,509.98 |
|||||
| Hotels for Adjudicators | £ 529.93 |
£ 1,037.19 |
|||||
| Accompanist Fees | £ 666.00 |
£ 1,257.35 |
|||||
| Piano Hire & Tuning | £ 950.00 |
£ 1,015.00 |
|||||
| IT Costs | £ 2,252.50 | £ 172.66 |
|||||
| Printing, advertising, display | £ 3,456.08 | £ 2,520.45 |
|||||
| Admininstration Salary/Dev/Exp | £22,881.27 | £ 8,027.95 |
|||||
| Insurance | £ 916.20 |
£ 1,173.20 |
|||||
| Float & Card Reader | £ 1,616.20 | £ 1,200.00 |
|||||
| Stewards Expenses | £ 182.64 |
||||||
| Filming | £ 300.00 |
£ 837.76 |
|||||
| Coaches | £ 2,587.89 | ||||||
| Misc | £ 133.60 |
||||||
| Total Expenditure | £53,397.98 | £ 23,560.54 | |||||
| Total Income Less Total Expenditure | £ 6,319.44 | ||||||
| Bank balance as at 31st May 2024 | £ 6,319.44 | ||||||
1
AGM June 2024
Treasurer’s Report 2023/4
Annual Account of the Norfolk County Music Fes;val for the year ending 31 May 2024.
The accounts for 2023/4 show a total income for the year of £59,717.42 (£34,360.00 from Grants plus interest from the Fidelity fund of £1848.02) with expenditure being £53,397.98.
The bank account shows a final balance of £6319.44 On 31[st] May 2024.
Sheila Coakes
Treasurer
Grapex Accountancy Solutions Ltd
Stable Barn
Witton Norwich
NR13 5DN
5 March 2025
Sheila Coakes
Norfolk County Music Festival Association
Dear Sheila
Please find attached the Statement of Financial Activities for the Norfolk County Music Festival Association for the financial period 01/06/2023 - 31/05/2024.
These financial statements have been reviewed in accordance with the requirements of the Charities Act 2011 (‘the Act’). Upon completion of the review, I confirm that no material matters have come to my attention giving me cause to believe that the accounts give a ‘true and fair view’ of the activities of the association.
My sole recommendation would be for the charity to align their financial reporting period with that of the Charities Commission.
Sincerely,
Fawn Hindle ACCA
Norfolk County Music Festival Association Statement of Financial Activities
June 2023 - May 2024
| Income Annual Fees Door Entry Income Grants Income Legacy Income Miscellaneous Income Total Income Expenditure Adjudicator fees Administrative expenses Advertising Insurance IT Expenses Miscellaneous expenses Musician fees Travel expenses Venue Hire Total Expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
12,143.94 10,059.66 34,360.00 1,848.02 52.51 |
|---|---|
| 58,464.13 3,769.74 24,680.11 5,172.21 916.20 2,252.50 2,383.60 4,203.89 529.93 9,489.80 53,397.98 5,066.15 1,253.29 6,319.44 |
*Disclaimer: This financial period does not align with the Charities Commission financial year.