How it works?

You can either click on a letter, scroll through the terms, or search by a word you want.

Audiences Yorkshire provides a professional, efficient service to support and develop the arts throughout Yorkshire. We are one of the founder member organisations and have always benefitted from AY's knowledge, expertise and advice. The racked leaflet distribution service is second to none.

Member - Audiences Yorkshire

Jargon Buster

  1. A
  2. B
  3. C
  4. D
  5. E
  6. F
  7. G
  8. H
  9. I
  10. J
  11. K
  12. L
  13. M
  14. N
  15. O
  16. P
  17. Q
  18. R
  19. S
  20. T
  21. U
  22. V
  23. W
  24. X
  25. Y
  26. Z

Core income or core turnover

What does this mean?

Monies (such as ticket sales and public subsidies) that an organisation generates or receives from activities that are part of its main mission and purpose.

(Compare with Ancillary Income.See also CORE INCOME.)

How did we get this definition?

One approach used in business analysis is to separate an organisation’s ‘core activities’ from its other or ‘ancillary’ activities. Thus a ‘core activity’ is something that a business does as a direct consequence of its mission, essential purpose and reason for being.

By extension, such analyses then go on to consider a business’s core income and core costs (i.e. income and expenditure relating to its core purpose) as things that are distinct from its ancillary income and costs (i.e. income and expenditure items that relate to things that are outside its core purpose).

This distinction can usefully be applied to the analysis of income generated from customers and users.

Related and similar definitions

Consequently core income is any money that is generated as a direct consequence of things that are done in fulfilment of an arts facility’s essential reason for existing. Typically these will include things such as ticket sales, engagement fees and public funding/subsidy to maintain an organisation’s basic operation or project.

This should be distinguished from ancillary income (i.e. monies that are generated from activities that are not a direct consequence of an organisation’s core purpose). Hence items to be treated as ancillary income include money earned from catering and merchandising, money from confectionery sales and money earned from gift shops.