AGM 2018 – Treasurer’s Report

Treasurer’s Report

AGM 2018


As we are in currently in the middle of our 10th Anniversary year it seems only right that we look back at what has happened regarding the finances in the last ten years. I have only been involved for the last seven years, but I can confirm that during the first year the Choir’s income was over £26,000 and as you can see from the End of Year accounts we have now risen to the dizzy heights of an income of £42,000. Last year we made a small profit of £16.87 and this year this has increased to the £8,262.24 – a healthier figure and one which makes the Treasurer very happy! During this financial year we have also raised over £2,700.00 for various charities through concerts and bucket collections as well as through purchasing Shirley Massey’s produce and knitted items – so well done everyone!

In this last financial year (May 2017 to April 2018) there have been ten concerts – nine if you combine the Advent and Christmas concerts. Seven concerts were ours, one was a joint concert and two were invitations. For five of the concerts we raised funds for various charities and despite the concerts where we made a loss – due to poor ticket sales or the weather – we have still managed to make a healthy overall annual profit for this financial year. Having said that, the cost to putting on any concert has to be covered by the sale of tickets. Unless enough tickets are sold the costs have to be paid for out of choir funds – that is your subscription. If we do not make a profit we are limited to what other events we can do for our members.

Previously I have been asked what the subscriptions are used for and I thought it would be helpful if I mention this again. In addition to paying for music; uniforms and folders; there are costs for venues for rehearsals; workshops; our musical director and accompanist fees; as well as general running costs. These include committee expenses, insurance cover and membership fees; printing and stationery costs and website expenses. In total all these costs take up two thirds of our annual expenditure.

With that in mind I would remind all members that subscriptions are due quarterly on the 1st of the following months: May, August, November and February. It would be helpful if you could pay promptly if paying by cash or cheque. I would also encourage you to consider setting up a Standing Order to pay your subscription. It means that you don’t have to remember when they are due as the money automatically goes out of your bank account and into the Choir’s bank account on a quarterly basis. To clarify it is not a Direct Debit but a Standing Order, so you are in control.  This method of payment significantly helps with the Choir’s cash flow and if it is an option that you wish to consider please let me know and I can talk you through what information is needed – just your bank details and a signature on a form – however there is no obligation for you to do this. However if you have any queries concerning your subscription and when it is due, please let me know.

As always the role of Treasurer would not be possible without the help and support of others and these include: the Front of House team – with particular thanks again to Graham Orchard for his help with the Box Office; the Choir’s Chairman; the Membership Secretary; those members who have helped to sell programmes and serve refreshments at our concerts and the Trustees – thank you to you all. This year I would like to add my particular thanks to Lucy Wheatley who is stepping down after seven years as our Independent Examiner – I am grateful for all her help and support regarding the Choir’s accounts.


Kathleen Curtis

26 May 2018

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