Capital and revenue
Many funders will ask you to separate out the capital costs from the revenue costs, so it is important to recognise the difference between them.
Capital Costs
These are normally thought of as the one-off costs associated with the project such as equipment purchases and setting up costs. The sorts of items that are likely to be included here include;
Office Equipment
Photocopiers, furniture, computers, projectors, telephones, printers
Vehicles and buildings
Cars, minibuses, renovation or adaptation of buildings, purchase of buildings
Specialist equipment
Catering equipment, marquees, wheelchairs, camera equipment, sports equipment (though sometimes this is seen as revenue because it has such a short life!)
Revenue Costs
These are the normally thought of as the running costs of a project. This will include:
Wages, National insurance, pension contributions, recruitment costs (including the costs of recruiting volunteers), training costs (staff and volunteers will often need additional training and support)
Rent and rates, heat and light, postage and telephone charges, maintenance, repairs and renewals, cleaning, travel, insurance
Specific project costs
Printing of promotional material, hiring of specialist support (such as designers of print or web sites or of artists and trainers), project evaluation costs, etc.
Support costs
Administrative support, management support,
