MUSIC MATINEE TODAY AND FINANCIAL DOCUMENTS
Music Matinee is a registered Charity, and a Not-For-Profit organisation established in 2018. It is managed by volunteers who are passionate about presenting live music in Melbourne
OUR PURPOSE
To bring live classical music to Melbournians by providing free lunchtime concerts at The Scots’ Church on many Tuesdays during the year and by facilitating live musical events given by these musicians at Retirement Villages.
We are achieving our purpose while ensuring that our funds are directed to supporting the musicians who play for us, with more than 96% of our expenditure being directed to the musicians and to the costs associated with the concerts, as shown in this schedule.
Summary of expenditure for calendar year 2024
To Musicians $13,900 75.0%
For Scots’ Concerts, incl. Insurance, printing and parking, etc $4,000 21.3%
Administration $700 3.7%
Total $18,600 100%
More details of income and expenditure are provided at the end of this document.
THE MUSICIANS
We have developed a close relationship with the musicians who play for us. We are committed to supporting them in their training and in their early years, as they embark on their chosen career. Many have been trained at the Australian National Academy of Music (ANAM), the Victorian College of the Arts Secondary School (VCASS), Melbourne University’s Conservatorium of Music (MUC), or Monash University’s Sir Zelman Cowan School of Music.
Our musicians are highly trained and dedicated in their approach while having the passion to perform their wonderful music for us. We think we have successfully combined our offering of live music and providing musicians the opportunity to perform as they embark on their chosen career.
TO ACHIEVE OUR PURPOSE
We hold 18 concerts in Melbourne CBD each year, made possible by the generosity of The Scots’ Church who provide use of their premises, their wonderful piano and very helpful staff at no cost.
We also facilitate the engagement of our musicians with those living in retirement villages, at no cost or financial gain to Music Matinee.
The assistance and support of the dedicated staff from the above Music organisations from whom many of our musicians are drawn, and of Wesley College and the Old Wesley Collegians Association who support our annual fundraising event is very gratefully acknowledged.
Our acknowledgements extend to our wonderful audiences which now includes many regulars.
Without the generous support of those mentioned above, Music Matinee may not have continued nor have been able to have increased our payments to musicians. nor provide important prizes as recognition of excellence or needs.
DETAILED COMMENTS ON FINANCIALS
1. FUND-RAISING ACHIEVEMENT FOR CALENDAR YEAR 2024
Donations received from Concerts $11,367
Donations received from Other Individuals $6,500
Donations from “The Celebration of Music” $7,214
Total $25,081
2. Our legal reporting is to the AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION. (ACNC). We do this annually after our Annual General Meeting.
THE trading result for the FINANCIAL YEAR ENDING 30 JUNE 2024, AS SUBMITTED TO AUSTRALIAN CHARITIES AND NOT-FOR-PROFITS COMMISSION. (ACNC) follows
MUSIC MATINEE INC.
ABM:81 536 957 483
STATEMENT OF INCOME AND EXPENDITURE
FOR THE YEAR ENDED 30 JUNE 2024
INCOME 2024 %
Donations Received 15940 68.2
Music Matinee Fundraiser 7214 30.9
Bank Interest Received 210 0.9
$12, 364 100.0%
LESS EXPENDITURE
Payments to Musicians 6500 61.2
Insurance (Public Liability) 1110 10.4
Printing 1254 11.8
Office Supplies 38 0.4
Website Costs 514 4.8
3MBS Subscription 150 1.4
Fundraising Lunch deposit 195 1.8
Raffle Tickets 55 0.5
Purchase of Flip Chart 38 0.4
Car Parking 366 3.4
Bank Transaction Fee 4 0.0
Gifts - Flowers Vouchers 214 2.0
Piano Tuning 185 1.7
$10,623 100.0
SURPLUS (DEFICIT) $12741 71.1
Transfer to Term Deposit -5000 -27.9
Balance at Beginning of Financial Year 1 July 10178 56.8
BALANCE AT END OF FINANCIAL YEAR 2024 $17,919 100.0
BALANCE SHEET AS AT 30 JUNE 2024
2024 %
CURRENT ASSETS
Cash at Bank $17,919 78.2
Term Deposit $5,000 21.8
LESS CURRENT LIABILITIES 0 0
MEMBERS FUNDS $22,919 100
3, DISTRIBUTION OF FUNDS
Following the improvement in our financial position post-COVID we have increased payments to the musicians who perform at our concerts by 20%. Payments are regularly reviewed, and further increases will occur as finances permit.
Donations made for calendar year 2024
Donations to musicians at our concerts $9400
VCASS Scholarship $2000
ANAM Prize (Shared by two recipients) $500
ANAM Hardship Fund $1000
ANAM students’ travel to competition $1000
Total $13,900
4. RETENTION OF FUNDS
It is our policy to:
a. Retain sufficient funds necessary to cover our ongoing commitments to VCASS and ANAM for established scholarships. These commitments include part of an anonymous donation made to Music Matinee for a four-year VCASS scholarship and ongoing assistance for ANAM students.
b. Mitigate the impact on our concert series and income from the anticipated roof repair at The Scots’ Church and potential events like a pandemic lockdown or any other unforeseen risks.
5. WHAT WE EXPECT TO DISTRIBUTE IN 2025
Donations to musicians at our concerts $9900
VCASS Scholarship $2000
ANAM Prize $1000
ANAM Hardship Fund $1000
Total $13,900
Other prizes to be made in 2025 are being discussed and we will include honoraria to Australian composers for their works played.