## **RMVC Treasurer’s Report for Financial Year ended 31 July 2022**
This report summarises the full financial year to 31/7/22. Please see Income & Expenditure summary for the year to Jull 22 for full financial details.
## **Income**
Major income came from Subs (£6630), & payment for the Cornwall tour (£16670). Additionally, we had received £2500 in sponsorship/advertising for the Treorchy Concert which is kept separate in our savings account.
A significant boost to income is the Gift Aid refund from HMRC which was £1678.94
## **Income from concerts & Fund Raising**
## **Concert Income**
Abbey July 2021 £469.44 URC £938 Generations £945 Thornden £ 85.60 £2438
## **Donations/Raffles for Charity**
URC - £362.56 - Foodbank
Christmas Raffle £220.00 - Romsey Young Carers
Thornden Raffle £140.10 - Naomi House
£722.66
## **Donations in respect of engagements**
Springhill School £250 Owen Davies’ Funeral £200 Brian Stokes’ Funeral £300
**£750**
**It is apparent from the above that our ability to generate gross income from activities has been severely curtailed, largely due to public apprehension about attending events during Covid.**
## **Expenditure**
Please see Income & Expenditure report for a full breakdown of expenditure. Aside from the Cornwall tour costs (£17638) and fees to our MDs and Accompanists (£8380), significant other costs were: -
Website upgrade and maintenance - £2444.19
Music Purchase - £1056.65
Venue Hire - £1133.20 (excluding where we receive net concert proceeds)
Additionally, we paid £2267.46 in donations to charities: -
- £ 507.46 Southampton Hospital Charities
£1000.00 Romsey Food Bank (Topping up URC concert surplus and collection)
- £ 540.00 Youth in Romsey (topping up to £1500 their bucket collection of £960)
£ 220.00 Romsey Young Carers
In view of the historically low level of funds raised from concerts, we felt it appropriate to supplement donations from choir funds to achieve a worthwhile donation.
## **Reserves**
As a result of supressed concert income, whilst facing the necessity to fund exceptional projects to upgrade the website, refresh our music repertoire and library and subsidise the Cornwall trip, our reserves have fallen by more than half.
Funds held at start of financial year £8842.34
Funds held at end of Financial Year £4250.56
£4591.78
Additionally at the year-end we held £2500 in respect of Grants/Sponsorship for the Treorchy Concert
## **Subscriptions**
The Baptist Church have recently increased our weekly hire charge by 150% to £50 per week, an increase of at least £1200 a year. All attempts to pursued them to mitigate this increase has been refused. We are currently looking at alternatives. However, we will inevitably have to pay more then in the past. In addition, many other costs have and will increase substantially. At the same time, our reserves have fallen by more than 50% in the last year due to the above-mentioned necessary expenditure and less concert income.
The Committee are therefore seeking an increase of subs to £15 per month to put our finances on a sustainable footing. This will be le first increase since December 2018.
## **Robert Le Grice**
## **RMVC Treasurer**
## **Summary of Income and Expenditure Romsey Male Voice Choir For period:**
## _**01/08/2021 - 31/7/22**_
|**Receipts**|**Bank**
**Petty Cash**
**Total**|
|---|---|
|Subscriptions
Concerts
Gift aid Refund
Annual Dinner
CD Sales
Uniform Sales
Other Receipts
Members Donations
Concert Donations
Tours
Bank Interest|6,630.00
£
-
£
**6,630.00**
**£**
2,809.61
£
-
£
**2,809.61**
**£**
1,678.94
£
-
£
**1,678.94**
**£**
1,984.00
£
-
£
**1,984.00**
**£**
-
£
-
£
**-**
**£**
228.00
£
-
£
**228.00**
**£**
2,500.00
£
-
£
**2,500.00**
**£**
849.34
£
-
£
**849.34**
**£**
721.66
£
-
£
**721.66**
**£**
16,670.00
£
-
£
**16,670.00**
**£**
0.01
£
-
£
**0.01**
**£**
**34,071.56**
**£**
**-**
**£**
**34,071.56**
**£**|
|||
|||
|**Payments**|**Bank**
**Petty Cash**
**Total**|
|MD Rehearsal Fees
MD Concert Fees
Accompanist Rehearsal Fees
Accompanist Concert Fees
Concert Expenses
Music Purchase
Venue Hire
Dontaions
Website
Insurance
Honorarium
Dinner
Uniform Costs
Sundries
Zoom Fees
Sunbscriptions
Soloist Concert Fees
Refunds
Tours|3,520.00
£
-
£
**3,520.00**
**£**
1,560.00
£
-
£
**1,560.00**
**£**
2,420.00
£
-
£
**2,420.00**
**£**
960.00
£
-
£
**960.00**
**£**
392.66
£
-
£
**392.66**
**£**
846.65
£
-
£
**846.65**
**£**
1,133.20
£
-
£
**1,133.20**
**£**
2,267.46
£
-
£
**2,267.46**
**£**
2,444.19
£
-
£
**2,444.19**
**£**
137.36
£
-
£
**137.36**
**£**
-
£
-
£
**-**
**£**
1,674.00
£
-
£
**1,674.00**
**£**
-
£
-
£
**-**
**£**
983.13
£
-
£
**983.13**
**£**
-
£
-
£
**-**
**£**
86.69
£
-
£
**86.69**
**£**
100.00
£
-
£
**100.00**
**£**
-
£
-
£
**-**
**£**
17,638.00
£
-
£
**17,638.00**
**£**
-
£
-
£
**-**
**£**
**36,163.34**
**£**
**-**
**£**
**36,163.34**
**£**|
|||
|||
|**Current Surplus (Deficit)**
**Funds Brought Forward**
**Funds Carried Forward**|**2,091.78**
**-£**
**-**
**£**
**2,091.78**
**-£**
**8,842.34**
**£**
**-**
**£**
**8,842.34**
**£**
**6,750.56**
**£**
**-**
**£**
**6,750.56**
**£**|
|**BankBalances:-**||
|Barclays Community Account|4250.56
2500.00 Treorchy Sponsorship|
|Barclays Saver||
|**Total Bank Balances**|**6750.56**|
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|SUMMARYOFINCOME&
EXPENDITURE|EXPENDITUREf
€|or thePeriodtlSlz0?alo3tl7l2A22
INCOME|f|
|---|---|---|---|
|MDRehearsalFees|3s20.00|MemberSubscriptions|5630.00|
|MD ConcertFees|1560.00|Concerts|2809.6L|
|AccompanistRehearsalFees|242A.00|GiftAidRefund|L678.94|
|Accompanist ConcertFees|950.00|AnnualDinner|1984.00|
|ConcertExpenses|392.66|CDSales|0.00|
|MusicPurchases|845.65|UniformSales|228.00|
|VenueHire|LL33.20|MembersDonations|849.34|
|Donations|2267.46|Concert Donations|72t.66|
|Websitecosts|2M4.L9|Tours|16670.00|
|lnsurance|L37.36|Otherreceipts|2s00.00|
|Dinner|L674.00|Banklnterest|0.01|
|Uniformcosts|0.00|||
|Soloist ConcertFees|100.00|||
|Subscriptions|85.69|||
|Sundries|983.13|||
|Tours|17638.00|||
|TotalExpenditure|36163.34|Totallncome|3407L.56|
|||Deficitforyear|209L.78|
|Fundsbroughtforward|8842.34|BarcfaysCommunityA/Cat3L.7.22|4250.55|
|||BarclaysReward A/Cat3LJ.22|2500.00|
|Fundscarriedforward|8842.34|Total atBank|8842.34|