Global Kumbaya Foundation - Term Paper Example

Our aim has always been to foster tolerance and understanding among the different nations in the world. To promote our philosophy and to ensure that it reaches different parts of the world, we are planning to organize an International Youth Forum in July 2010.
The programme will include a thematic workshop, cultural programmes, and an international street festival. This ten days programme would be bringing together three hundred youngsters from seventy countries spread all over the world.
This report contains the Budget for the programme, Cash Flow Statement, Balance Sheet, and related financial issues.

The donations and other incomes are expected to flow in the following manner:
• Donations are estimated after taking into consideration the trend of donations received in the previous years. The donations will be received throughout the year.
• We are planning to issue entry tickets for cultural events at €20 per head. We are expecting to have an average of 800 audiences per day. The charges for the tickets will be collected on the days of the show.
• As of now 4 multinational companies, having their business spread over more than 8 countries, have agreed to sponsor our programme if the participants are from different countries.
• Grants from Government and Non-government institutions are expected to be received after the completion of the programme.

Notes on Expenses:
The expenditures have been estimated considering 300 participants, 10 speakers, 8 artists and 16 volunteers.
The speakers have agreed to receive 50 per cent of their fees right after the programme and the remaining after 45 days. The speakers are professionals and some of them are from different parts of the world. Their fee varies from €3,200 to €6,800 per day.
The artists belong to a single agency that has agreed to charge a lump sum fee for the entire programme. The agency promotes art derived from various cultures in the world. Due to the close connection between our motives, it has agreed to provide us with a discount.
A local restaurant owner has volunteered to take care of the brunch arrangements. He has provided an estimation of €14.55 per plate. The payment for the brunch will partly be paid after 30 days of the programme.
Recommendations:
Based on the projections, as shown above, the concept of conducting the Forum seems financially feasible. The Foundation would be left with a surplus that would be credited to the Unrestricted Fund. Read More