The budgetary information provided at Stage 1 is largely contextual and should provide some topline information to help us better understand how the organisation functions and its intentions as outlined across the rest of the form. It will not be assessed in detail.
At Stage 2, we will assess the business plan and more detailed budgets and financial information it contains.
Over the course of this application cycle we accept that things can change, and that some organisations may need to revise and update the financial details between Stage 1 and 2. We wouldn’t expect an organisation to completely overhaul everything in their submission considering they will have progressed to Stage 2 based on the information from Stage 1, however there is a certain flexibility between these stages.