On Monday evening, we had our annual general meeting at Roskilde Festival Charity Society. The financial result was a profit of DKK 8.1 million (approx. EUR 1,087,248).

After an unusual year, to say the least, the members of the Roskilde Festival Charity Society – the organisation behind Roskilde Festival – met Monday evening for our annual general meeting, which was held digitally for the second time.

The board of directors presented the financial result after a year when the event Roskilde Festival was cancelled for the first time ever.

Roskilde Festival Charity Society stepped out of the year 2020 with a profit of DKK 8.1 million (approx. EUR 1,087,248), which is solely due to the fact that parts of the society’s expenses are exempt from VAT. The profit is therefore generated by a VAT compensation linked to the year 2019. The reason for this is that VAT compensation is given with a delay of one year. This also means that the society will only receive limited compensation in 2021 since the society did not conduct a Roskilde Festival in 2020.

By comparison, after the festival in 2019, we were able to donate more than DKK 18 million (approx. EUR 2,416,107) to initiatives that in each their own way work on giving young people a voice. In the same year, traders and service associations made a total profit of DKK 31.5 million (approx. EUR 4,228,187).

So, our organisation is certainly not the only one that suffers from the cancellation in 2020. The loss will be felt far and wide.

The board of directors of the Roskilde Festival Charity Society. From the left: Matias Møl Dalsgaard, Olav Hesseldahl, Marianne Ifversen, Thomas Windfeldt Arnø, Mie Levi Fenger and Gry Dahl-Jensen.

Farewell to the chairman
Lars Frelle-Petersen, who has been chairman of the Roskilde Festival Charity Society since 2019, said his goodbies at the general meeting. The reason is that at the turn of the year he started in the position of permanent secretary of The Danish Ministry of Climate, Energy and Utilities. A position that is not consistent with being chairman of the board.

New members of the board
At the general meeting, current members Gry Dahl-Jensen and Matias Møl Dalsgaard were re-elected for the board of directors. Matias Møl Dalsgaard was nominated in advance as a candidate for chairman of the board, and on Thursday 25 March, the board will formally establish itself with a chairman and a vice chairman.

The board of the Roskilde Festival Charity Society now consists of Thomas Windfeldt Arnø, Gry Dahl-Jensen, Matias Møl Dalsgaard, Mie Levi Fenger, Olav Hesseldahl and Marianne Ifversen.

Roskilde Festival is non-profit, and the profit goes in full to charitable causes. Since the early 70s, Roskilde Festival has donated over DKK 405 million (approx. EUR 54.4 million).