Annual reports of the year 2016 and 2017
The year 2016
In 2015 we had nearly 100 thousand Euro donation collected in order to start the S.U.N. project, and the festival was held as a private meeting of members.
We changed this in 2016 and from early summer we were selling festivals tickets, from which we received much less than expected, totaling about 25 thousand Euro.
In addition, ticket revenue is combined with a VAT payment obligation.
From the memberships and donations in 2016 we received another 70 thousand Euro, so we could manage our finances from a total of almost 100 thousand Euro – unfortunately, even this with a deficit.
We would not be able to continue without the 5 thousand Euro donation we received from the fundraising campaign created for our rescue, and we would not have been able to continue without the 22 thousand Euro personal loans received from family members and friends in the previous years.
The year 2017
In the year 2017 the local community and the SUN members were more involved, and we planned and managed everything much more cautiously. The majority of the performers came for free, there were even ones who did not ask their travel expenses either. Good friends came to help as volunteers, artists offered their beautiful creations.
This good energy made it possible that although this was the worst festival on the revenue side, we could still manage to end the year with no financial loss and in good mood, and the festival area were developed or at least maintained.
More than 38.000 Euro arrived from ticket sales, about 16.000 Euro from memberships and donations, and with this less than 64.000 Euro the year could be closed without significant minus. Hooray!
National and local taxes, fees and contributions
The VAT paid on tickets was doubled compared to 2016, but this is partly good news, as it indicates an increase in ticket sales.
VAT paid in 2016: € 2.114
VAT paid in 2017: € 3.982
Local taxes remained in both years around 3 thousand Euros. These amounts remain at the local councils, and help the rural development of the area.
All taxes and fees we paid:
in 2016: € 5.852
in 2017: € 6.543
Annual costs in 2017