Stage 3 Financial Documentation
Using the EXCEL WORKBOOK titled “Stage 3 2025 School Name” that has been sent to the school, please complete the Stage 3 Worksheets as required in the email (copy below). This is an opportunity to update previous information supplied to the BGA and supplements your school’s Financial Forecast provided in Stage 2 which is used to help the Committee rank the applicant schools at its May meeting and determine indicative grant allocations.
The due date is Thursday 11 April 2024.
Once completed UPLOAD the workbook and the Financial Statements via the link below.
Please upload your most recent QS and/or quotations with the Workbook and Financial Statements. A QS or quotation is MANDATORY for Stage 3.
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Instructions as per EMAIL sent.
The brief Instructions for Stage 3 are below:
Stage 3.1 Project & Financial Information
Section A) update the description, if necessary, by using Stage 1.2. If you have made changes to your original design please ensure that the description reflects the proposed project.
Section B) answer the questions as asked and then update the Capex Budget Stage 2.8 and the Financial Information Stage 2.9 as appropriate.
Section C) update the project costs by using Stage 2.5 Std & Stage 2.5 QS if required. These costings must be based on your most recent QS or quotation from builders/architects. A QS is mandatory for Stage 3.
Section D) Detail how the school expects to fund the project. This section is self-explanatory.
Section E) Financial Planning. This section is self-explanatory.
Stage 3.2 Debt profile **
Please complete each section as required.
Stage 3.3 Debt details **
This requires information about your Debt at the end of 2023 and expected loans from 2024 onwards.
Stage 3.4 Other balance sheet details **
Please complete each section as required.
Stage 3.5 Enrolment and summary ratios includes update of Stage 2.2
The majority of this worksheet will be prefilled however please remember to UPDATE your enrolments in Stage 2.2.
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** Please note: Ideally, your 2023 data will come from your audited Financial Statements, but draft Financial Statements are acceptable at this stage.
REMINDERS!
- A copy of the 2023 Financial Statements used in your Returns, Final or Draft, must be uploaded with the Stage 3 workbook
- If you don’t have signed and audited Financial Statements yet, please send a Draft in the first instance and then the audited statements as soon as they are available.
- A QS or Quotations must be uploaded with Stage 3.