Stage 3 Financial Documentation

Using the EXCEL WORKBOOK titled “Stage 4 2023 School Name”  that has been sent to the school on Tuesday 29th March, 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 14 April 2022.

Once completed UPLOAD the workbook and the Financial Statements via the link below. Whilst not mandatory at this stage, if an updated QS or quotation has been obtained since Stage 2 please upload a copy with the Workbook and Financial Statements. 

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Instructions as per EMAIL sent. 

The brief Instructions for Stage 3 are below and please refer to the HELP NOTES if needed:

Stage 3.1 Project & Financial Information

Section A) update the description, if necessary, by using Stage 1.2

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 if required.  These costings can still be based on your most recent QS or quotation from builders/architects.   An updated QS will be mandatory for Stage 4.

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 2021 and expected loans from 2022 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 via Stage 2.2 via the link.

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** Please note:  Ideally, your 2021 data will come from your audited Financial Statements, but draft Financial Statements are acceptable at this stage.

 

REMINDERS!

  1. A copy of the 2021 Financial Statements used in your Returns, Final or Draft, must be uploaded with the Stage 3 workbook
  2. 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.
  3. If an updated QS or Quotation since Stage 2 has been obtained, this must be uploaded with Stage 3 also,
  4. If you have submitted more than one Project in this Round, please complete Stage 2.5 for each project.

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