Breadcrumb Home Budgeting Principles For Funded Partners Copy URL http://youthmusic-staging.preflight.site/resources/budgeting-principles-funded-partners Budgeting Principles for Funded Partners This page provides essential guidance to manage your budget as you deliver your project. From budgeting principles to key considerations for delivery, you'll find the tools and advice you need to plan and present your project effectively. Copy URL http://youthmusic-staging.preflight.site/resources/budgeting-principles-funded-partners Budgeting Principles for Funded Partners This page provides essential guidance to manage your budget as you deliver your project. From budgeting principles to key considerations for delivery, you'll find the tools and advice you need to plan and present your project effectively. The cost of living crisis means projects are facing increased costs such as staff payments, overheads, access and wellbeing support. Our flexible funding means that:There’s room to make changes with your grant when it comes to things like budgets, grant reporting timescales and project outputs.While we can rarely increase the overall amount of your grant, we can be flexible about the programme to help you deal with current needs. For example, scaling back delivery outputs (e.g. number of workshops or events) so that grant money can be diverted to core costs or used to increase pay rates.As a living wage funder, we’d encourage you to ensure fair pay and especially to pay the Real Living Wage. The current Real Living Wage is currently (January 2024) £12 per hour and £13.15 in London.We can bring forward some of your last grant payment if you need it for cash-flow.You’ll need to run most changes by us unless they are minor or cost less than £1,000. If your project outcomes are the same, you’re on top of the project management, then it’s likely we’ll be happy with your request. Please contact your Grants and Learning Officer if you wish to request a change. Download: Budgeting Principles (Download)