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MUSIC
is NORFOLK COUNTY
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AGM June 2025
Treasurer’s Report 2025
Annual Accounts of the Norfolk County Music Festival for the year ending 31 May 2025.
The accounts for 2025 showa total income for the year of £69295.63 with expenditure being £66616.24. This year the festival celebrated its 100" year, so the costs included additional one off costs.
The accounts show an excess of income over expenditure of £2678.39.
Our investment portfolio was £70492.34 as at the 1%t June 2024. The original investment was £90,000.00 in 2012. The portfolio as at 31°t May 2025 stands at £72347.47. This shows a gain of £1855.13 over the year.
The bank balance stands at £7142.69 as at 315t May 2025
Treasurer NCMF.
08/06/2025
Norfolk County Music Festival Accounts: Year Ended 31st May 2025
| 2025 | |
|---|---|
| Income | |
| Grants/ Donations | £43,132.00 |
| LocalGiving/Easy Fundraising | £336.50 |
| Festival EntryFees | £11,359.01 |
| FestivalDoorReceipts incl£1045.00float) | £12,611.98 |
| Investment Portfolio Income | £1,855.14 |
| TotalIncome | £69,294.63 |
| Expenditure | |
| Venue Hire | £9,675.00 |
| AdjudicatorFees&Expenses | £4,887.30 |
| Teachingcosts | £9,918.99 |
| HotelsforAdjudicators | £1,030.86 |
| AccompanistFees | £3,382.26 |
| Piano Hire&Tuning | £1,219.60 |
| ITCosts | £4,067.05 |
| Printing, advertising, display | £4,726.01 |
| Admininstration Salary/Dev/Exp | £22,270.72 |
| Insurance | £984.20 |
| Float&Card Reader | £1,046.00 |
| Stewards Expenses | £247.00 |
| Filming | £788.65 |
| Coaches | £1,767.00 |
| Misc | £605.60 |
| TotalExpenditure | £66,616.24 |
| TotalIncome LessTotalExpenditure | £2,678.39 |
| Bankbalanceasat31st May 2025 | £7,142.69 |
| Portfolio 01/06/2024 |
70492.34 |
| 31/05/2025 | 72347.47 |
| Gain/loss | 1855.13 |