Income and Expenditure of the Festival
Please see below the Income and Expenses for the Festival for the Financial Year ending 31st May 2018
As you can see, the 2018 Festival ran with a deficit of nearly THREE Thousand pounds.
Here are the summary figures from the previous years.
|Item ||Y/E 31/5/14 ||Y/E 31/5/15 ||Y/E 31/5/16 ||Y/E 31/5/17 ||Y/E 31/5/18 |
|Income ||£22,272 ||£23,221 ||£18,135 ||£15,485 ||£16,616 |
|Expenditure ||£22,140 ||£22,505 ||£21,596 ||£18,259 ||£19,453 |
|Profit/(Loss) ||£132 ||£715 ||£(3,462) ||(£2,773) ||(£2,837) |
grant £4,000 ||HBC
grant £3,000 ||No HBC grant |
|No HBC grant ||No HBC grant |
|Venue ||HLC ||HLC ||HLC ||HHS ||HHS |
The loss of the Harrogate Borough Council Grant has had a great effect on the viability of the Festival.
Note 1: We are very grateful for a significant legacy (not included in the above numbers), received in the year ending May 2016. The legacy and reserves are helping us through this transition period, but clearly the Festival cannot continue to sustain the recent losses.
This year, we regret that, through necessity, we will be charging for accompanists and increasing the price of venue entry fees and programmes.
Full details of the Financial Position are published at each year's AGM. A copy of these financial reports can be found by clicking on the header of each column in the above table.