Financial accountability
Annual accounts Kamermuziek Concours Gelre 2020
The Kamermuziek Concours Gelre Foundation was established on 2 December 2019. The financial statements cover the period 2 December 2019 to 31 December 2020 (extended financial year).
- Balance sheet
| Assets | Liabilities | |||
| Current assets | Equity | |||
| Receivables 1) | € 1.653,07 | General reserve | € 5.215,79 | |
| Cash and cash equivalents | Long-term debts | |||
| Bank | € 8.988,00 | Debts 2) | € 5.425,28 | |
| Total | € 10.641,07 | Total | € 10.641,07 |
Notes
- The receivable concerns the reimbursement of start-up costs by Prince Bernard Culture Fund Gelderland, as well as the tax refund for the fourth quarter of 2020. Both will be paid out in 2021.
- To enable the start-up of the RHC, a board member provided a loan of €5425.28. No interest will be charged on the debt, repayment will take place after the competition.
- Profit for the year 2020
| STATEMENT OF INCOME AND EXPENDITURE | |
| BATES | |
| – Donors | € 5.814,00 |
| – Grants | € 6.567,65 |
| Total bates | € 12.381,65 |
| EXPENSES | |
| – Start-up costs | € 6.318,21 |
| – Down payments | € 352,65 |
| – Hosting and website maintenance | € 495,00 |
| Total expenses | € 7.165,86 |
| RESULT | € 5.215,79 |
Notes
Income for the 2020 financial year consists of:
- Donations: crowdfunding via “Voordekunst”;
- Two grants: from the municipality of Nijmegen and the Prince Bernard Culture Fund Gelderland, the latter specifically covering a contribution to start-up costs.
The costs for the 2020 financial year are made up of:
- Start-up costs (bank costs, notary fees, Chamber of Commerce costs, crowdfunding costs, realising website);
- A down payment for room hire;
- Management and maintenance of the website.
