In general, there are three ways in which you can fund a Charity Challenge:
Self-funder
With the self-funder option, you personally cover the full cost of the challenge and raise as much sponsorship as you can. The full cost of the challenge is made up of the non-refundable registration fee which is due at the time of booking, and the final balance which is due 10 weeks before departure. The self-funder option generally has no minimum sponsorship requirement, although you are still encouraged to raise as much money as you can for the charity. If there is a minimum requirement, you will be notified on the website.
Minimum sponsorship
With this option, you pay your non-refundable registration fee when booking the challenge and pledge to raise a minimum amount of sponsorship for your charity. You will need to send your sponsorship money to the charity as you raise it. At least 80% of the minimum sponsorship required must be sent to the charity 12 weeks before departure for overseas challenges and 7 weeks before for UK challenges, and the remaining 20% within four weeks of completing the challenge.
If you have raised the necessary funds, the charity will then pay the balance of your expedition costs. The charity benefits by keeping the remaining sponsorship money and every pound over and above what you raise.
Flexi
With the flexi payment option, you pay your non-refundable registration fee when booking the challenge and make a further contribution towards challenge costs (the balance) 10 weeks prior to departure. You will also have to raise a minimum sponsorship.
Please click here to get a diagram explanation of how the finance works.
Please note: Under certain circumstances where airlines or suppliers require earlier payment, we reserve the right to request the balance of challenge costs (or a proportion of those challenge costs), prior to 10 weeks before departure.