Capital Costs - 1 Week:
Director's Fees - £2,300.00
Designer's Fees - £2,300.00
Lighting Designer's Fees - £1,000.00
Production Manager (£400 per week) - £400.00
Producer (£500 per week) - £500.00
26 x Actors (£300 per week) - £7,800.00
4 x Stage Managers (£300 per week) - £1,200.00
Set/Props - £10,000.00
Costumes - £6,000.00
Theatre Hire for Rehearsals (per week) - £12,000.00
Leaflets (£40,000 x DLs) - £800.00
Posters (200 x A3) - £300.00
General Administration - £400.00
Total: £45,000.00
Running Costs - 4 Weeks
Production Manager (£400 per week) - £1,600.00
Producer (£500 per week) - £2,000.00
26 x Actors (£300 per week each) - £31,200.00
4 x Stage Managers (£300 per week each) - £4,800.00
Theatre Hire of Performances - £48,000.00
Wardrobe Running Costs - £400.00
Props Running Costs - £200.00
Lighting Running Costs - £1,200.00
Sound Running Costs - £1,200.00
Marketing & Advertising - £1,000.00
Total: £91,600.00
Income:
Ticket Sales (8 x 800 per show x 28 shows) - £179,200.00
Balance Sheet:
Income - £179,200.00
Capital & Running Costs - £136,600.00
Balance: £42,600.00
Capital Costs:
I plan to have one week of rehearsals for which the Director will get a set fee to direct and create the show with the actors and designers. The Designer (Set & Costume) and Lighting Designer also has a set fee for their work.The production manager is paid £400 per week as I thought they should get more than the actors, and the Producer is £500 a week because they should get more than anyone, because their in charge.
The actors and stage managers are £300 per week which is a sum in an example budget on the Arts Council website.
I thought the set and costumes would cost a lot to make for materials, I looked on the B & Q website but it was really difficult to know exactly how much it would cost as I didn't really know what it would look like and how it would be made.
I have budgeted for hiring the theatre for the rehearsal week.
I decided to have DL sized leaflets printed and some posters. I got the price from a website for a printer nearby. I also thought that I might need some money for everyday things like photocopying, paper.. etc.
Running Costs:
Production Manager, Producer, Actors and Stage Managers paid the same as rehearsal week but for the 4 performance weeks.
Theatre Hire stays the same but it multiplied by 4 weeks.
I budgeted for £100 a week for Wardrobe and £50 a week for Props, maybe if things get broken or ripped. If I needed to hire any extra lighting or sound I budgeted £300 a week for both.
I thought I would do some advertising in newspapers and on radio or even TV and therefore have £1000 for this.
Income:
I thought I would charge £10 for adults and £6 for children, I therefore calculated my income on the average ticket price of £8. As The Palace Theatre is huge I never thought I would be able to fill it so I estimated that I would sell 800 seats rather than 1200 for each performance. I reckoned that I would get my cast to do 28 shows over the four weeks.
Balance:
I am hoping if I sell enough tickets that will have income of £179,200 and costs of £136,600 so I would make a profit of £42,600 which I think is great!
Websites: Arts Council,The Palace Theatre and Misc Printers
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