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Establishing a charge rate for a working artists or designer - worksheet Name

Rhombus Design

£ £

1

Annual income required

2

Additional employment related costs

£

Sub total brought forward

100,000

4744

Research costs Books and magazines

224

materials for research

100

travel for research Employer's NIC

3.70%

3700

Pension contribution

3.00%

3000

50

Other

0

Professional services 3

4

Total emplyment costs

106700

Overhead costs

Business insurance

120

Professional and product liability

0

Pulic liability insurance

0

Accountant

0

Legal advice

0

IP costs

0

other

0

Promotional costs Advertising

Premises costs Rent

3144

Printed materials

0

Public relations

0

Samples

0

Business Rates

0

Photography

Electricity

0

Design services

Gas

0

Web site

15.98

Repair

0

Signage

100

Security

0

shopfitting

0

Other

0

Branding

0

Telephone

1000 0

Equipment

Land line costs

0

Mobile phone

480

Postage

200

IT costs Software

0

Paper

200

Repair

400

Ink cartridges

200

CDs

0

Computer periferals

0

Camera

0

Workshop equipment

0

Tools

0

Studio equipment

0

Office furniture

0

4744

52

260

5000

Total overhead costs 6

5x

0

Computer

Loan repayments

Available work days Annual workdays

Car (business element)

Finance costs

0

Sub Total 5

100

11333.98

Charge Rates

Labour only rate Total employment costs divided by total chargable days

Less

Bank Holidays

8

Annual Leave

10

Professional development

3

Research

6

Quoting & presentations

5

Admin and accounts

2

Unexpected events

6

sub total

40

106700

220 £485.00

Overheads rate Total overhead costs divided by total chargable days 11333.98

220 £51.52

Total Daily charge rate 220

£536.52


Costings