Moots & Money
This content provides detailed information about the budget, income, expenses, sponsors, grants, and financial strategies related to the Moots & Money International Council Meeting held in Constanta, Romania. It covers various aspects such as registration fees, accommodation, meals, travel expenses, sponsors, grants like UNECA grant, and financial reserves. The content also delves into the financial aspects of the EHRMCC and explores strategies for optimizing cash flow, diversifying funds, and building reserves.
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Presentation Transcript
Moots & Money International Council Meeting Constanta, Romania 24 October 2019
Budget Income Registration fee FOR participation fee (participants and coaches) Sponsors and Academic Supporters UNECA grant
Budget Expenses Accommodation and meals (IOC and IB) Travels Regional Rounds (pre-visits) FOR (IOC and IB) Fundraising events Final Oral Round Allowances of VP EMCC Miscellaneous
Financial strategy Building the financial reserve
EHRMCC Budget and Finances 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - First edition Second edition Third edition Fourth edition Fifth edition Sixth edition Seventh edition Income Expenses CoE grant
Budget Income Registration fee FOR participation fee Permanent Representations Council of Europe grant City of Strasbourg grant
Budget Expenses Accommodation Participants and organisers Meals Breakfast, lunch, dinner, coffee Travels Regional Rounds Organisers Local Transport Prizes Miscellaneous
Grants and fun timezzz Problem with the Council of Europe grant
Permanent Representations Free money? The problem with free money
Financial Strategy Analyse and improve cash flow Diversifying funds Building reserves Moved VP AA allowances under EHRMCC
Economic value 1. Partnerships 2. Fees 3. Advertisements 4. Grants
Fundraising Create a detailed budget In-kind versus financial contributions Fundraising plan: How much money do you need? Who could be potential sponsors? Keep an overview of: Who was approached Who can still be approached What kind of sponsoring do you already have What do they want in return Note: they can be peculiar and want to be the sole sponsor
Fundraising Materials Informational materials, such as: Project description Agenda Budget and detailed explanation Pictures and reports from previous years
How to fundraise for a Team? University Law firms Adopt a team principal Local ELSA group Alumni
General Fundraising Tips Contact alumni Have a close cooperation with your university or faculty Close cooperation with your ELSA board Be aware of legal/tax regulations regarding sponsoring in your area Be creative! Remember to thank your sponsors so that they come back the following year
