Eventia reveals 2010 losses at AGM

Eventia recorded a financial deficit of £1,623 to the end of 2010, compared with a £2,141 surplus the previous year.

Eventia reports loss in 2010
Eventia reports loss in 2010

In its annual accounts, outlined at Eventia’s annual general meeting at the Science Museum in London on 8 June, the association reports a dip in agency member subscriptions from £68,930 to £63,784 between 2009 and 2010.

Destinations and sponsorship

Sponsorship was down to £34,360 from £46,000 in 2009, while income from destinations plunged more than 50 per cent, from £74,600 in 2009 to £36,000 in 2010.

However, partner subscriptions were up to £81,850 from £77,835 in 2009, while web advertising and events income was also up.

Disappointing

New Eventia chairman Rob Allen told C&IT that while it was "disappointing we made a small loss", it had been in the context of the past two to three years of recession.

"The single biggest factor has been the inability of members that are government funded to renew memberships," he said.

"We would also have liked to have made a bit more out of Summer Eventia, because ironically it was the most successful one we have had. Many associations have been having quite a tough time."

Membership

He added that membership was around 300, including 90 agency members.

"We would have liked to have broken even but we anticipate we’ll be back into surplus this year," added Allen.

Eventia plans to reverse its financial fortunes by "retaining and growing membership", he said, along with making more on events such as Summer Eventia and the Eventia awards.

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