Guide to budgeting for your project

FacebookTwitterLinkedInEmailShare

When funders are giving money to community groups, finding out where the money is going is a top priority! Here are our top tips to nail your budget breakdown on ActionFunder.

A good budget breakdown:

➜ Shows the funders you’ve thoroughly planned your project
➜ Helps paint a picture of what you want to do
➜ Can sometimes result in extra help from funders (e.g. with sourcing items or venue space)

But it doesn’t have to be complicated. Simply:

➜ List the items, services and/or staff time that the funding will go to
➜ Make sure you include quantities
➜ Make sure you include the cost per unit
➜ Make sure that the costs in your budget contribute to the project you have described.  We want to make sure that nothing feels like an afterthought

Example:
15 x Childsize Gardening Gloves @£5/pair = £75
30 x Mixed Organic Vegetable Seed Packs @ £2.50/pack = £75
48 Hours Youth Worker Time, (4 Hours/Week for 12 Weeks) @ £15/hour = £720…

We know that sometimes projects can change. Maybe you’ve been donated the kitchen equipment you were looking for. Maybe you’ve been offered a reduced rate as a community group. Even after you’ve been selected to win funding, we’re always up for discussing project changes.

If you are looking for more advice on budgeting, have a read at our article How to Budget for success.  If you’re ready to post a project on ActionFunder and secure funding, Sign up and create your free account!

Newsletter sign-up icon

Stay ahead of the curve

Subscribe to our newsletter to receive our latest insights on social impact and community action. You'll be joining hundreds of business leaders ready to amplify their impact.

Businesses

Find out how your business can start backing community action. Request a quick, no-obligation demo of the platform.

Non-Profits

ActionFunder helps connect you with relevant funders - for free. It’s quick and easy to sign up today.