Page 28 - The Song Room 2020 Year in Review

BUSINESS PERFORMANCE
SOLID PLANNING AND STRONG RESULTS
Effective and efficient use of our resources meant we were able to continue delivery of our programs and maintain financial stability.
What set us apart was our strong financial planning leading into
2020 and a stable base of loyal but diverse funders who helped
us to navigate the maelstrom. Starting from this solid position, 35% the team was able to adjust and adapt quickly. We were both
responsive and considered throughout the year.
The entire not-for-profit sector has been rocked by the events of
2020. Along with other organisations, The Song Room was thrown 10%
into an uncertain economic and fundraising environment. 18%
JobKeeper subsidies supported the organisation and minimised disruption. The subsidies also gave us the stability to assess, pivot and forward plan.
Revenue and expenditure were down in comparison to 2019 and this is almost wholly due to the impact of COVID-19. However, The Song Room continued to maintain a stable financial position in 2020 with a final surplus of $228,627.
INCOME
24%
2% 11%
Individual & General Donations Corporate Donations
School Contributions
Philanthropic Trusts & Foundations Government Grants
Commercial & Other Note: Commercial & Other
includes JobKeeper subsidies
We will begin 2021 in a strong financial position with sustainable
business models and secured program budgets. Our focus will
continue to be on diligent and robust financial management to
support the increased delivery of quality Arts Learning education 62% to schools in need across Australia.
14% 24%
Administration & Overheads Fundraising & Marketing Arts Learning Programs
EXPENDITURE
28 THE SONG ROOM: 2020 YEAR IN REVIEW