Treasurer's Notes 2023-2024

Our membership year is Sept 1 - Aug 31 and our financial year is the same.

Sundays, we showed 28 films with total attendance 2124, Highest 142 (Anatomy of a Fall), Lowest 47 (Shayda). Using a simple equation of tickets sales less venue hire, film hire, and weekly advert 14 films showed a 'loss', 14 films showed a 'surplus'. Over the entire Sunday showing each sold seat had an average surplus of 62p. An audience of 70+ will usually show a 'surplus'.

Costs across the board are rising and the number of pots we can apply to for grants (for the Festival) are shrinking.

In terms of Seats on Sundays we are still in a post-Covid period:

Despite this reduction we are still able to afford a good range of films without any eyewatering increases in prices.

I see no need to increase the membership fees. Seat prices depend on venue costs and film costs. Film Costs are a percentage of the ticket sales (but often with minimum charges if few people attend). We assess ticket prices with Alhambra Cinema to avoid confusing members and walk-ins.

We are slowly spending more on the Film Festival but still keeping its head above water. We have a healthy bank balance and some might question why we need this much in the bank. The answer is cashflow. The bills flood in and around the festival but the ticket income only arrives after the festival is over. The year end bank balance hasn’t changed much in the past five years, and that is testament to the film selection group choosing films that attract audiences. If they have a few bad years the bank balance will sink. Our funds should allow us to ride out a few bad years.

In conclusion KFC is in a healthy financial position and looks to stay that way.

Paul Titley
Treasurer
19 December 2024

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