| Purchase
of The House of Correction |
|
£152,600 |
| Building
Works |
|
£130,400 |
| Professional
Fees Associated with Building Works |
|
£36,800 |
| Display
Works |
|
£170,000 |
| Museum
Designer's Fees |
|
£13,100 |
| Launch
Costs |
|
£15,000 |
| Contingencies
Allowance |
|
£16,200 |
|
| Sub-Total |
|
£534,100 |
| VAT |
|
£65,900 |
| Education
Officer's Salary (2 years) |
|
£50,000 |
|
| Total |
|
£650,000 |
|
|
| The
Trust believes that the enhanced Prison and Museum should aim to
cover its running costs with earned income although very few
independent museums achieve this end and some subsidy may be
required. |
| Income |
|
Year
1 |
|
Year
2 |
|
Year
3 |
|
Year
4 |
|
|
£ |
|
£ |
|
£ |
|
£ |
| Admissions |
|
24,212 |
|
25,960 |
|
27,582 |
|
32,410 |
| Catering
Retail |
|
7,500 |
|
8,000 |
|
8,000 |
|
10,000 |
| Corporate
Hire/Events Fee |
|
1,000 |
|
1,500 |
|
1,750 |
|
2,500 |
Lottery
Funding Contribution
(for two years re Education
Officer/Curator) |
|
19,000 |
|
19,000 |
|
|
|
|
|
| TOTAL |
|
51,712 |
|
54,460 |
|
37,332 |
|
44,910 |
|
| Less Running
Expenses |
|
58,740 |
|
58,740 |
|
31,140 |
|
44,910 |
|
| (LOSS)/SURPLUS |
|
(7,028) |
|
(4,280) |
|
6,192 |
|
13,770 |
|
N.B. Two years'
trading losses to be paid from the Workhouse Museum surplus and from
the Endowment Fund.
|
