Submitted by ranabhattacharya on 21 November, 2007 - 17:45.
Hi there,
Please can you help? Myself and the committee are organising a charity fundraising ball. Its been left to me to draft the budget but I haven't done it before. Rather than re-inventing the wheel perhaps one of you may have one that you wouldn't mind sending me. Just so that i don't leave anything out, i'm sure there's hidden costs that because i haven't organised an event of this sort I cannot think of.
We are a small charity organising a ball for next November. Any info or wisdom you would like to share with me would be greatly appreciated.
Cheers!!!!
Elaine
NOFAS-UK
nofas-uk@midlantic.co.uk
www.nofas-uk.org
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RE: Elaine
Hi, Elaine
Is this the first ball the Charity has held? If not, the last one is the place to start in building a budget.
If I had a recent budget for an event like this, I'd be dubious about sharing it, because it might mislead - every event is different.
Start off with a simple spreadsheet, and enter all the costs you expect to incur - some will be fixed costs (the band, presumably, will cost the same amount however many people turn up) and others will be dependant on ticket sales.
So - publicity, music, room setting (decorations, balloons etc) food, other known costs go into your spreadsheet. This will give you a cost for the whole event. Divide by the number of people you expect to turn up, and you have the cost base of the tickets. You need to make a respectable profit on each ticket - double the cost would be a starting point.
Then, you can start thinking about sponsorship, corporate hospitality, gifts in kind to reduce costs etc.
Too many variables here for a template to be useful, to my mind, but someone else may have both a template and a different opinion :-)
Cheers
Gerry