Financial Report for the year to 30th. June, 2009

ASSOCIAÇÃO DE AMIGOS DE MÚSICA DE SÃO LOURENÇO

Financial Report for the year to 30th. June, 2009

This is really now my last report to the members and am very pleased to pass my duties to the safe hands of Michael Savage.

The outcome for the year as expected is a deficit of €2,745 against a surplus for last year 2007/08 of €3,835.  This is almost totally explained by the increase of support to the Centro Cultural (CCSL) of €5,890.

Our normal income is static and indicates that the increase in subscriptions of €25 is justified.  The association’s reserves are substantial but can be eroded.  Members  support in the form of contributing to individual concerts or musicians is less and is to be expected in the current financial climate.

The attendance figures are as follows:

2009 2008 2007 2006 2005 2004

Paying Guests     36                  41                   36                   45                   42                   37

Members            33 36 33 34 37 34

69                  77                   69                   79                   79                   71

The average cost of each concert was:

2009 2008 2007 2006

 

Average Cost €            915                 546                 816                 705

Concerts                        16                    16                    18                    14

Another interesting statistic is that the average number of visiting musicians per concert was 2 which must explain the increase this year and of course members’ individual support being less.

It is very clear that if we wish to maintain high quality and versatility in our concerts the price has to be paid.

As I continue to

be a member I look forward to the association’s progress.

Edwin B. Bisset

Treasurer

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