P2P-NextFinances

P2P-Next Finances

Summary:

• Take Personnel, Equipment, Travel and Indirect Costs (EC: Overhead - 60%) - all of which EC call Innovation. Add Management. Take 75% of the whole lot and you've got the EC contribution/grant to the project budget.
• Kendra Foundation has to raise the other 25%. That's 15349.38 EUR = 12213.10 GBP = 24225.90 USD per year. See the note on currency below.

Funding over next 4 years:

• Innovation: 240840.00 EUR
• Management: 4750.00 EUR
• Total: 245590.00 EUR
• EU contribution: 184192.50.00 EUR
• Kendra contribution: 61397.50 EUR

Sponsorship:

• Kendra Foundation is currently seeking sponsors (big and small) to help raise the 25%. Also, there is a need to raise funds beyond the 25% for tasks not covered in P2P-Next - such as overhauling the website and promoting Kendra Initiative.
• Companies and individuals can pay single sums or set up standing orders to cover the whole or part of the 4 year period.
• Please note Kendra Foundation is a company limited by guarantee. There are no shares. It is not possible to issue share options. This kind of company is therefor suited to non-profit organisations. For more specific information see the [Memorandum and Articles of Association].

The exchange rate is correct as of 20 February 2008 - the date when we received 32441.50 EUR into the Kendra Foundation bank account.

P2P-Next Projected Budget For Kendra Foundation
	4 Years	4 Years	20 February 2008	Per Annum	Per Annum
	EUR	GBP	Exchange Rate	EUR	GBP
Personnel	135525.00	100818.29	0.74390919	33881.25	25204.57
Equipment	3000.00	2231.73	0.74390919	750.00	557.93
Travel	12000.00	8926.91	0.74390919	3000.00	2231.73
Indirect Costs / Overhead (60%)	90315.00	67186.16	0.74390919	22578.75	16796.54
Subtotal	240840.00	179163.09	0.74390919	60210.00	44790.77
Management	4750.00	3533.57	0.74390919	1187.50	883.39
Total Project Costs	245590.00	182696.66	0.74390919	61397.50	45674.16
EC Total Funding (75% Project Costs)	184192.50	137022.49	0.74390919	46048.13	34255.62
EC Personnel (75% Personnal Costs)	101643.75	75613.72	0.74390919	25410.94	18903.43
Sponsorship needed (25% Project Costs)	61397.50	45674.16	0.74390919	15349.38	11418.54
Total Man Months	19.50
Average Man Month Rate	6950.00	5170.17	0.74390919	83400.00	62042.03
Overhead Remaining	28917.50	21511.99	0.74390919	7229.38	5378.00
Total Pay (Per Person)	67762.50	50409.15	0.74390919	16940.63	12602.29
Total Employers National Insurance (Estimate)	13552.50	10081.83	0.74390919	3388.13	2520.46
Total Days	351.00			87.75
Total Days Per Person	175.50			43.88
Total Hours (7 Hour Days)	2457.00			614.25
Total Hours Per Person	1228.50			307.13
Hourly Rate	55.16	41.03	0.74390919
Hours Per Person Per Month	25.59

Currency:

• Please note that currency conversions are a nightmare to keep track of when one is trying to make projections. The total budget set by the EC is in EUR. Kendra Foundation gets paid in advance every 6 months. When the cash hits the bank account it gets converted into GBP. From that point on the whole budget needs to be re-calibrated for the next 6 month period. So, salaries will change by a small amount to keep track of this.

Work Packages:

• Total man months: 19.50
• WP2: 1 MM
• WP3: 2 MM
• WP5: 13.5 MM
• WP9: 3 MM
• Total = 19.5 MM

Budget Options - financial categories for spending allocation - donators are given the option of where they want their funding to go:

• P2P-Next Personnel
• P2P-Next Equipment
• P2P-Next Travel
• P2P-Next Management
• P2P-Next Overhead
• Kendra Personnel
• Kendra Equipment
• Kendra Travel
• Kendra Management
• Kendra General
• Kendra Website