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IncomeTOTAL COST FOR PAYING MEMBERSTOTAL SUBSIDISED COST FOR DISADVANTAGED MEMBERSTOTAL SUBSIDISED COST FOR DISADVANTAGED MEMBERS
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Student fees£22,805.00£22,805.00£9,480£15,930
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Grants**£17,266.00For John: this is the actual 'loss' based on the fact that some of them do pay a discounted fee.For John: this is the sum that would've been needed for the disadvantaged kids to have no fees at all - I'm assuming the previous one's more appropriate to provide?
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Donations£1,130.00
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Recording£350.00
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Music distribution£112.51
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Ticket sales/gig fees£6,524.67
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Total income£49,776.66Essential Metrics 2024-2025
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Student numbers & fee basis
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ExpenditureIn-kind/volunteeringTotal number of students45
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Tutor fees (rehearsals)£28,857.50£10,500.00Number of students paying full fee25
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Tutor fees (gigs)£3,346.80£2,000.00Number of students receiving discount on full fee (discount amount varies depending on student need, from partial discount to full waiver of fee)20
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Band formation and tutoring£2,200.00Student fee v cash and real cost per annum
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Band management and gig booking£2,800.00Normal (average) full fee charged per student£660
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Student pastoral support£6,000.00Actual (average) cash cost per student (project cash outgoing divided by number of students) £917.60
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Project administration£13,000.00Actual real cost per student (project cash outgoing + in-kind/volunteering time, divided by number of students) £2156.15
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Rent£1,732.50Actual and forgone student fee income
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Office costs (print, paper)£423.75Actual total student fees£22,805
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Insurance£651.00Total student fees arising from 25 full pay students£16,500
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Marketing & Advertising£455.79£2,000.00Total student fees arising from 20 partial (waived) fee paying students £6,305
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IT (Website & Email)£175.67£500.00Total forgone student fees arising from 20 partial (waived) fee paying students£6,895
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Accounting/HMRC/CH£49.00£600.00
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Music promotion & distribution£122.78
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Other services (photo, video, etc.)£4,179.44£4,250.00
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Music gear£294.20
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Music recording£3,000.00
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Refunds£440.00
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Travel£564.05£400.00
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Total expenditure£41,292.48£47,250.00
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Surplus* / Deficit£8,484.18TOTAL PROJECT COST
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£97,026.66
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* We always maintain a small reserve of £6,000–£8,000 for emergencies, a fund that proved invaluable during the Covid lockdowns, when we continued to offer online sessions for all members.
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** We received a £16,266 grant from the National Lottery Fund in March 2025, a clear recognition of the quality and impact of our work. However, this was a one-off grant, reserved and restricted to our new foundational programme (ages 10–13) for beginner musicians and cannot be put towards our main band programme which is for ages 13+.
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