A quick note that if you want to permanently grow your budget from £200k p.a. to £300k p.a. while maintaining 12 months reserves for your fundraising round at the start of the next year, you need to raise £200k rather than £100k.
12 months’ reserves might be regarded as a bit generous (though it has a lot of advantages that aren’t immediately obvious). But even if you went as low as 6 months reserves, which is cutting it fine, you’d still have to raise £150k. So absolute fundraising figures can be a misleading indicator of the associated spending growth.
A quick note that if you want to permanently grow your budget from £200k p.a. to £300k p.a. while maintaining 12 months reserves for your fundraising round at the start of the next year, you need to raise £200k rather than £100k.
12 months’ reserves might be regarded as a bit generous (though it has a lot of advantages that aren’t immediately obvious). But even if you went as low as 6 months reserves, which is cutting it fine, you’d still have to raise £150k. So absolute fundraising figures can be a misleading indicator of the associated spending growth.