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).

  1. 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



  1. 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.
  2. 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.
  1. Profit for the year 2020
– Donors     5.814,00 
– Grants     6.567,65
Total bates € 12.381,65
– 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



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.