The Budget Form contains three sheets:
- LMIC Organisation Costs: Please add any costs that will be transferred to LMIC organisations here.
- UK Organisation Costs: Please add any costs that will be transferred to UK organisations here.
- Total Costs: Please add the costs from Sheet 1 and Sheet 2 here.
Example: Imagine a project that involves a collaboration between two organisations: a university in the Philippines and a university in the UK. The university in the Philippines adds their costs to Sheet 1, and the university in the UK adds their costs to Sheet 2. What matters is which organisation will spend the cost, not where the cost will be spent. If the Investigator in the UK travels to the Philippines for fieldwork, their accommodation costs within the Philippines will still go into Sheet 2 for ‘UK Organisation Costs’.
If there are many organisations involved in the project, you may find it easier to create one sheet for each organisation.
General guidance on using Excel
Please use a separate row/line for each budget item, and feel free to add additional rows where needed. Please contact creating-safer-space@aber.ac.uk if you experience any difficulties with the Excel form.
Explanation of each category in Sheet 1 and Sheet 2
Item name and Description: This is used to describe the budget item.
Justification: This is used to describe why you need the budget item to carry out the project. In some cases, you may also need to show why the cost is appropriate – this is especially important if there is a chance that the Funding Panel will think that you have over-estimated the cost. The ‘Justification’ is the most important section of the budget. The Funding Panel will not fund the project if you have not fully justified why you need each budget item and if they are not satisfied that the costs are reasonable.
Organisation: Please specify which organisation will purchase this resource. If the project is awarded funding, this column will be used to work out how much money to transfer to each organisation, and this will then be set out in the contract for the project. Please split the costs between organisations fairly, as this influences how much overheads each organisation is entitled to.
Amount in Local Currency: Please add the amount in the currency that the resource will be purchased in.
Conversion Rate: Please specify the conversion rate between the local currency and GBP. We will use Oanda to check that your conversions are reasonable, but your organisation may use a specific conversion rate (e.g. as specified by your country’s central bank).
Amount in GBP: Please use the conversion rate specified to calculate the amount in GBP.
Full Economic Cost (FEC) and Award Value: UK organisations will be funded in accordance with normal UK Research and Innovation (UKRI) and Research Council funding rules. Please ask your research office for assistance in completing the form.
Explanation of total costs in Sheet 3
In Sheet 3 (Total Cost), you are asked to specify the “Full Economic Cost (FEC)” and the “Award Value”.
For organisations in countries other than the UK, these will be the same – our funding will fully cover the cost of the project. If the total cost of the project, as listed in Sheet 1, is £30,000, you write £30,000 in both B3 and C3 in Sheet 3.
For UK organisations, we provide funding in accordance with standard procedures for UK Research and Innovation (UKRI) grants, in other words 80 % of full economic cost, with the recipient organisation required to cover the balance. Please ask your Research Office for advice on how to fill in the budget form, as they will have specific ways to calculate salaries, indirect and estate costs.
Please note that a Large Grant is £30,000 – £100,000 at Full Economic Cost (FEC) and a Small Grant is £20,000 – £30,000 at Full Economic Cost (FEC).
Further information
Before you fill in the Budget Form, it will help to familiarize yourself with our finance procedures for grant holders (for LMIC organisations only).
Please note that the following are not eligible for funding:
- Capital or infrastructure expenditure (e.g. basic office equipment, furniture, building/site construction, maintenance or refurbishment work, improvements to digital connective infrastructure, etc).
- Equipment purchases above £10,000. Equipment below £10,000 are eligible for funding, but only where significant use of equipment is required specifically and primarily or solely for the proposed research activity and where this is more cost effective for the project than other options such as hiring equipment.
Further information about overheads:
- Organisations are welcome to apply for funding for overheads. Basic office items and facilities should be covered by the overheads (computers, library access, photocopying, telephone calls and day-to-day consumables).