Nowhere 2021 financial report
From 1 January 2021 to 31 December 2021
A small amount of income was left in our third party account to refund those who were still asking for it, leading until well entered 2021. Then transfered back to our bank account mid 2021. The rest of the income is from barrios storage fees.
It cost us under £73K just to ‘keep the lights on’ in 2021, this was mostly funded with the rest of donations from 2020 cancelation. We continue having one full time employee as its legally required and one contractor during part of the year.
We renewed our trademarks and transfered them to our Spanish company, having to fill international applications to be covered in the UK due to Brexit. This process is only done once every 10 years.
We offered 8000 euros in total for Summer grants, with 9 grants accepted but 3 of them were paid in 2022, therefore will appear on the 2022 financial report.
We made a big change in our Annual Leads Meeting and included food and accomodation for those who wanted to assist, having the oportunity to appreciate our hard working volunteers. 2021 ALM was hold near Barcelona for 3 full days in December.
Nowhere 2020 financial report
From 1 January 2020 to 31 December 2020
As you no doubt already appreciate 2020 was a challenging year for us. When tickets went on sale in February, we still thought we were going to be able to hold the 2020 event. How wrong we were! We took the hard decision to cancel and were able to refund up to 100% to those who needed, whilst asking for a donation from those that where able to help us in our hour of need.
The average donation from ticket refunds was roughly 25%, this has been enough to cover are expense from 2020 and also provide us with enough funds to see us through to 2022. Thanks to everyone’s generosity it made the decision that we could not safely or responsibly hold Nowhere in 2021 much easier for us.
It cost us just under £83K just to ‘keep the lights on’ in 2020. We had one full time employee and two contractors during part of the year. We stopped spending money wherever we could as soon as we cancelled, so that costs were kept to a minimum.
We have carried some of the expenses incurred in the run up to the 2020 event forward to our next event. For example, our toilet providers are a small, organic, independent company that we were keen to support, so they are holding our payment by way of a deposit.