PAB Assignment 3

Here is a budget from Southampton Uni that i analysed in my presentation.

They thought they would earn £1189.57 but actually the show was more popular than they predicted and made about £400 more on ticket sales. However they thought they would get £50 from programme sales but they didn’t sell any.

They thought they would have to spend 217 on technical things but actually spent 282.24 but then because they didnt spend anything on other stuff where they thought they would need £30 and and nothing on programme printing where they thought they would need £30 they ended up not spending anything so it balanced itself out. In the end they made a profit of £788.37

Here is my budget for our production of The Wardrobe.

 

DIFFERENT TYPES OF FUNDING

Private Funding

Funding In Kind - This is where people you know help you out with your production. For insatnce if your mum is good at sewing she might be able to make the costumes for free. If your uncle is a carpenter he could make the set for you for free. You then work out how much this would have cost you if you had to pay for it, for instance if the costumes would have cost about £50, then you put it in your budget plan as "£50 Funding In Kind". Another good way to get FIK is to ask someone to perhaps do the lighting for free but say to them that they will gain experience and knowledge from it.

Match Funding - This is where Arts and Business look at what funding you already have and match it. So if you had £1000 Funding In Kind they will give you £1000.

Public Funding

Arts or Local Council - You can go to the arts council or your local council to apply for a grant. You can get between £1000 and £100000. It usually takes about 6 weeks to process. Some local councils such as our worthing one do not offer a lot to the arts so you may have more luck going to the arts council than your local council it just depends on where you live

Lottery Fund -  You can apply for a grant from the National Lottery who use money raised from lottery ticket sales.