Company spending
As head of finance, it is my job to review the budget regularly as well as keeping up with the companies spending. I have to have direct communication with the head of set, costume and props to make sure the spreadsheet is up to date at all times.
Here, I have attached the budget. This is what the company is keeping to as their limits. On the ‘Administration’ page (or on previous post ‘Budget’), you will be able to see the original budget which included the copyright to our performance. Due to expanding the financial needs for other aspects of performance, our producer decided to take the copyright out of the budget. We agreed as a group to put towards the copyright ourselves.
Here I have attached the most up to date spread sheet which notes down all of the companies spending. (This will change slightly until after the performance is over).
As can be seen from the budget and the spending spreadsheet, Progeny have been lucky enough to receive in kind support from the Football Club. They were nice enough to lend out their space as rehearsal space for free. Although we received in kind support from LPAC in regards to rehearsal space, space was not always free so we were left with no where to rehearse. Having the Football club allowed us to have a guaranteed space.
Items such as the wood (from which the angels are made) have also been given in kind, meaning we saved a lot of money. The props cupboard at the LPAC has also served us well in saving us money. Altogether, we have saved over £80 on props that we would have had to spend if it wasn’t for the props cupboard, friends, family and companies support. This has benefited our company greatly, meaning we have been able to focus more on aspects such as costume which have needed alterations.
If we were a real company without the support of the LPAC, we would have had to source everything ourselves, meaning we would have had to spend more money. We have to stick to our budget, but there are other ways to raise money. Refer to the ‘Fundraising’ post.
Francesca
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