BRC Forward Plan 2015-18: Action Plan

Key aim 3: Improve financial efficiency and balance our annual budget

3a

Put in place a framework for financial management, monitoring and accountability

  • Redefine the Sage chart of accounts to give greatly enhanced budgetary control. Introduce monthly reporting rather than just for Trustee meetings

  • Identify delegated budget holders and define their spending limits
  • Define monitoring procedures for all budget holders

 

March 2015 

 

March 2015

March 2015

No cost 

 

No cost 

No cost

D Aplin 

 

D Aplin 

D Aplin

3b

Maximise the potential of the café and shop to generate £155,000 turnover p.a by 2018 and to generate a surplus of £32,500

Review:

  • opening hours

  • menu variety
  • pricing
  • staff costs
  • supplies
  • waste
  • split income and costs between shop & cafe

 

Nov 2015

 

£2,000

 

R Powell / D Aplin

3c

Maximise the museum’s potential for corporate and private hire to generate £48,000 p.a by 2018

  • Review carry out a cost/benefit analysis of current functions

  • Research, promote and exploit new opportunities for venue hire
  • Seek USP relative to competing offerings

Nov 2015

£1,500 ads

R Powell / D Aplin

3d

Draw up a Fundraising Strategy with annual targets

  • Research additional funding sources from the local community and the philanthropic sector

  • Enlist the support of well-connected supporters to open doors to potential funders

 

 

2015 

 
2016

£750

 
Consultant No cost

D Aplin

 
P Mitchell