Budget and Build Plan

Building A 21st Century Mosquito

 

As this project relies heavily on donations small and large the timescales to bring RL249 need to be updated regularly. We are often asked at air shows and public talks how long will it take to build? If funding is in place the answer is 3-5 years, depending on obtaining or reproducing the smaller detailed parts that go into the Mosquito e.g. gun bay latches. The main components like the fuselage, wings, tail plane and engines with associated systems are obtainable and known pricing to budget. The budget will also be affected by inflation and also currency exchange rates; especially with our overseas suppliers in New Zealand. Therefore we will plan to update this section more regularly as we progress to follow our transparent policy for fundraising.

Milestones Achieved

  • Purchase identity of aircraft (RL249) – Completed
  • Obtained ‘Registered Charity’ status by UK Charities Commission and Board of Trustee’s in place
  • Construction of the wing ribs completed & purchased
  • CAA registration G-FBVI approved & acquired
  • CAA appointed liaison officer /engineer updated quarterly and on-going
  • New Zealand Project Management appointed – Aerowood (NZ) Ltd.
  • TPM Club launched for membership to exclusive content, events and discounts

2017

  • Launch of ‘Fuselage Fund’ via Press Conference – break down circa £600K cost into phases. The fuselage to be supplied by Mosquito Restorations (NZ) Ltd.
  • Announcement of a donation of historical aviation importance and one that supports engineering & fundraising
  • Phase One – ‘Fuselage Deposit’ launched and monies secured to begin work
  • Phase Two – ‘Fuselage Stage One’ completion of bonding both moulds into one fuselage section
  • Phase Three – ‘Fuselage Stage Two’ application of linen doped skin & protective primer
  • Construction access will be available via web cam / on line presentation to New Zealand
  • Obtain corporate sponsorship
  • Launch Free Prize Draw Appeal

2018

  • Launch of ‘Wing Appeal’ into 2 phases
  • Phase One – ‘Wing Deposit’ launched and monies secured to begin work on spar sections
  • Phase Two – ‘Wing Completion’ plus application of linen doped skin & protective primer

2019

  • Launch of Engines & Propulsion Systems Fund – this section of fundraising will also detail out how we will hold an ‘RFI/RFP’ process and it is our intention, if pricing is competitive for the public monies raised, to place this work with UK suppliers
  • Flying Control Systems, Hydraulics, Radiators Appeal – as with the engine engine & props we will issue an RFI/RFP for these key sections

2020

  • Launch of ‘Fit Out Fund’ – this appeal will be to provide the budget for shipment of engines, propulsion systems and other parts and to appoint Avspecs to complete the final assembly and test flying phase of the project
  • Complete installation of flying control systems/hydraulics/coolant/fuel tanks/engines

2021

  • Test fly aircraft in New Zealand on NZ CAA
  • Disassemble aircraft in New Zealand & ship to the UK
  • Reassemble in UK with appointed UK supplier for care & maintenance of RL249
  • Complete UK test flying to CAA Permit to Fly status under registration of G-FBVI

2021/22

  • Depending on the final date for shipping the aircraft ready to fly at selected UK airshows

Forecasted Budgeted Costs 2016/17

Description Year 1 Year 2 Year 3 Year 4 Year 5 Total
Fundraising Days 365 365 365 365 365 1,825
Project Fundraising Per Annum 1,375,000 1,375,000 1,375,000 1,375,000 1,375,000 6,875,000
Gift Aid
Total Funds Per Annum 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 7,500,000.00
Income Tax / VAT / Just Giving Fees Assumption 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 125,000.00
Net Funds 1,475,000.00 1,475,000.00 1,475,000.00 1,475,000.00 1,475,000.00 7,375,000.00
Airframe & Identity Purchase 5,000.00 5,000.00
Fuselage, Wings & Tailplane Build Cost* 220,000.00 220,000.00 220,000.00 220,000.00 220,000.00 1,100,000.00
% Funds
Engines & Propeller Overhaul / Re-build Cost* 125,000.00 125,000.00 125,000.00 125,000.00 500,000.00
% Funds
Flying Control Systems / Hydraulics / Coolant / Fuel Tanks/Fit Out Labour/ Engine Installation* 350,000.00 350,000.00 350,000.00 1,050,000.00
% Funds
Parts Bin & Spares Budget 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00 250,000.00
% Funds
Shipping & Test Flying / Insurance / Fuel 10,000.00 15,000.00 15,000.00 50,000.00 250,000.00 340,000.00
% Funds
CAA C of A + E4/M4 Organisation 50,000.00 50,000.00 50,000.00 50,000.00 75,000.00 275,000.00
% Funds
Contingency Inflation Budget 220,000.00 230,000.00 240,000.00 250,000.00 260,000.00 1,200,000.00
% Funds 14.92% 15.59% 16.27% 16.95% 17.63% 16.27%
Project Overheads
Office Supplies 1,000.00 2,000.00 2,500.00 3,000.00 4,000.00 12,500.00
% Funds
PO Box / Reg Office Fees / Co Reg Fees 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 5,000.00
% Funds
Uniform / HSE Equipment 1,000.00 2,000.00 2,000.00 2,500.00 3,000.00 10,500.00
% Funds
T&E/Travel 5,000.00 10,000.00 10,000.00 15,000.00 45,000.00 85,000.00
% Funds
Fundraising Support & Consultation 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 500,000.00
% Funds 6.78% 6.78% 6.78% 6.78% 6.78% 6.78%
Legal Fees 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 37,500.00
% Funds
Accountancy & Audit 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00 37,500.00
% Funds
Marketing Supplies / Consumables / Advertising 370,000.00 370,000.00 370,000.00 370,000.00 370,000.00 1,850,000.00
% Funds 25.08% 25.08% 25.08% 25.08% 25.08% 25.08%
Total Costs 1,048,000.00 1,190,000.00 1,550,500.00 1,601,500.00 1,868,000.00 7,258,000.00
%Funds
Funds to Balance Sheet 427000 285000 -75500 -126500 -393000 117000
%Funds