Unit 3: Analysing an example budget

This budget proposal is for the production of 'Lifeboat'. Their sponsorship budget that they had was £200 but their total income helped them out. They sold overall 12 tickets, 6 tickets for adult sales at £8 each giving them a total of £48 and 6 tickets for student sales at £6.50 each giving them a total of £39 therefore they made £87 on ticket costs on 16 performances giving them a gross total of £1392 and a Net total of £1160. Although they sold 0 programmes.

With the £200 sponsorship money they also fundraised £3721.54 last year for this performance. They raised £1515.25 from Sponsume, £753.58 from a Tuck Shop and Cake Sale, £346.71 from a Showcase, £750 from GF Fosey, £80 from a Swear jar and £276 from previews. Here shows what they did to fundraise the amount of £3721.54. Overall they had the budget of £3921.54 to spend.

 

The venue hire (including Stagesoc hire) was £1650 with a net cost of £1650 which left them with £2271.54, Performance rights cost £0.00 with a net cost of £0.00, Publicity total for Posters (with VAT), Flyers (no VAT) was a total of £130 with a net cost of £108.34 which left them with £2141.54, Set/Props as a total cost for Props, Staging came to £100 with a net cost of £83.34 which left them with a total of 2041.54, Sounds/Lights/Technical had an overall cost of £0.00 with a total net cost of £0.00 leaving them with the same amount of £2041.54, Costumes/Make-up came to a total of £40 with a net cost total of £33.34 which left them with £2001.54 also Sundry for Fringe Affiliation came to £393 with a net cost total of £327.50 left them with £1609.54, therefore all the costs came to a total of £2178.00 and the total net cost came to £2090 therefore their total net profit/loss was £70.

For these performances I feel that they completely over spent on the venue hire which they paid £1650 whereas they spent £168 on the next set of performances.

Then their ticket sales raised to 47 sales with 10 adult sales at £8.00 each giving them a total of £80 and 20 student sales at £6.00 each giving them a total of £120 and then 17 PA sales at £5.00 each giving them a total of £85 and over the 4 performances they raised £285 each performance giving them a total of £1140.00 ticket sales cost. They also sold 10 programmes at £1.00 each over the 4 performances giving them a total of £40 giving them a gran total on sales of £1180.

With no sponsorship this time they relied on sales. The venue hire cost £168 leaving them with £1012, Publicity their total was £100 for posters (£50) and flyers (£50) leaving them with £912, their tech breakdown was a total cost of £300 for hazer, deck, plants, strobe, UV, smoke machine leaving them with a total £612, their costume and props came to £550, £300 for costumes and £250 for props leaving them with £62 and finally their programme printing came to £40 leaving them with £22. The total costs all together came to £1158.

For this performance I feel that they spent way to much money on Costume and Props compared to last time which they spent £20 on costume and £50 on props so they spent £70 on costume and props. Although with the last performances they had more to spend as they had sponsorship and fundraised money and ticket sales whereas this set performances relied completely on just ticket sales.