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SUMMARISED BUDGET
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Staff (~3 FTEs)£309,279
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Interns£21,600
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Outsourcing/agency costs + misc£44,336
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Contingency (5%)£18,761
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Total£393,976
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MORE DETAILED BUDGET
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CEO£118,954
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Ops Director £16,509
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Ops Officer£34,892
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Research analyst£58,867
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Research analyst£80,057
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Interns£21,600
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Web development agency£6,000
Assumes 1 day per month of Wing's time (junior) and assumes Dan's time (senior) is free
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Marketing agency£15,700
Source: quote from James Odene, sent on 18/Oct
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Hiring agency£12,890
Allows for: hiring 2 employees, one volunteer hiring round (at the initial more expensive rate, and two more volunteer hiring rounds, and assumes that the intern hiring round is done similarly to the volunteer hiring round). Quote provided in USD. Exchange rate from google
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Accounting, payroll services, xero subscription, email service, etc
£6,000
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Training£1,000
Would be good to have some budget available for this, but it's not currently built into our strategy, so in practice the spend would likely be low
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Leadership coaching£2,745
https://app.betterup.co/frontend/grow/profile/subscription/
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Contingency (5%)£18,761
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£393,976
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DETAILED STAFF COST BREAKDOWN
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Inflation for researcher salaries
15%
Partially reflects the fact that researchers have been paid somewhat below market rates
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Inflation10%
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Days/week
Previous Salary/rate
2023 salary/rateE'er NI
Source of Employer NI number
PensionTotal cost
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CEO salary5£90,000£103,50012,348.93
https://www.icalculator.info/employer-NIC-calculator/99000.html
£3,105£118,954
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CEO salary3£54,000£62,1006,921.39
https://www.icalculator.info/employer-NIC-calculator/59400.html
£1,863£70,884
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Ops director1£14,025£15,428618.76
https://www.icalculator.info/employer-NIC-calculator/14025.html
£463£16,509
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Ops officer3£30,600£33,660222.18
https://www.icalculator.info/employer-NIC-calculator/11000.html
£1,010£34,892
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Principal analyst5£45,000£51,7505564.51
https://www.icalculator.info/employer-NIC-calculator/49500.html
£1,553£58,867
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Principal analyst (new)5£70,0007957.08
https://www.icalculator.info/employer-NIC-calculator/49500.html
£2,100£80,057
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Principal analyst5£45,000£51,7507957.08
https://www.icalculator.info/employer-NIC-calculator/49500.html
£1,553£61,260
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Intern50£3,600£3,600
Day rate of £90 chosen, based on living wage of £10.42 per hour x 8 hours per day, rounded up a little. (source https://www.gov.uk/government/publications/minimum-wage-rates-for-2023) Monthly pay = £1800. Have assumed 2 months here
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Number of interns6
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