As producer I have the responsibility of dealing with the company’s finances which is going rather smoothly so far. We have been successful in making the modest sum of £166.66 stretch as far as possible. This money was provided from the module budget and can be used for anything the company needs- some other companies on our course have invested the majority of their funds into play rights which has led them to organise fund raising events to get cash for other necessities such as props and costumes. As we at No Added Sugar have opted to devise our performance we have so far avoided any large costs, making it unnecessary to find other sources of income. We have also very fortunate to have access to a free graphic designer and printing press which has saved us a substantial amount of money.
Below you can access both the actual and the projected budget for our show Three Words. Having the two documents provides a good comparison between our initial predictions and the actual amount that we spent. As you can see on the documents, we spent less on marketing than first anticipated due to the free programmes that were kindly printed for us by Wiz Graphics. More money has gone towards props than originally intended which is partly due to the fact that we saved money elsewhere, allowing us to add more finishing touches to the show’s aesthetic:
No Added Sugar projected budget
The theatre company module has provided an experience of creating a new company that is as close to doing the thing for real as it could be, however the security blanket of the Lpac and the support of our lecturers has meant that our show has been substantially cheaper to create than it would have been if we had set out alone. We would have to consider the financial implications of buying the things that Lpac has provided, such as technical equipment, if we decided to continue as a company after university and went on to tour. If it was the case that we decided to continue as a group and wanted to tour this very tech-heavy show, we would have to consider other methods of funding which would include raising our own money for when we first start up and then seeking help from government backed bodies like Arts Council UK or our own local council.