FEASIBILITY_STUDY , item 14. PDF 1 MB - Meetings, agendas and ...

A feasibility study prepared for the Black Box TrustNovember 2011The major items of expenditure at the Black Box are „wages & NI‟ and „rent‟ which togetheraccount for almost two thirds of total expenditure (see Table 4.5 below). The next largest item ofexpenditure is „artistes & travel‟ which amounted to £35,550, or almost 10% of total spend in2009/10.Source: Annual AccountsTable 4.5: Operating expenditure, 2009/102009/10 % of totalWages, NI & training 180,264 47.0%Licensing costs 1,824 0.5%Advertising 9,795 2.6%Sound, lighting & equipment 12,168 3.2%Performing rights 4,092 1.1%Artistes & travel 35,550 9.3%Rent 69,996 18.2%Repairs & cleaning 11,311 2.9%Heat, light & power 11,387 3.0%Insurances 4,520 1.2%Telephone & internet 1,652 0.4%Stationery and postage 965 0.3%Bank and other charges 6,567 1.7%Accountancy & payroll 2,675 0.7%Miscellaneous 214 0.1%Depreciation 30,619 8.0%Total expenditure 383,599 100.0%The wages bill covers the employment of two full time staff – a Manager and Assistant Manager– and various part time or casual staff. The list of staff and their rates of pay are shown in Table4.6 below.34