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Sample Budget For One Year to Run a Time Bank
|
Cost |
� |
|
Broker, NI, pension (roughly �18,000 3 days per week) |
12,500 |
|
Travel etc |
750 |
|
Set up costs |
3,000 |
|
Insurance |
300 |
|
Overheads |
4,000 |
|
Information and publicity |
400 |
|
Training |
400 |
|
TOTAL |
21,350 |
Other costs will include recruitment, a computer if you do not have access to one, and possibly legal fees/management advice if setting up a new organisation. There may also be specific costs for your area or organisation.
The number of days given for the broker is a minimum. Time bank participants often help with running their time banks, but even so the ideal situation is to have the broker work full time. Often time banks start with the broker part time for a year to get the project started, and then increase it to full time to meet the increasing demands on them.
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