Prepare your financial data
Introduction to your financial data
The introduction covers who the guide is for, an overview of the information that we need and why we need it, and terms we use to describe different types of income.
You must use our template. Microsoft Excel is recommended.
We cannot progress your application without the financial data workbook being fully completed. If after reviewing the guidance on this page, you still need support to provide this data, you can get in touch with us via the Awards page of our website.
TranscriptLink to this section
"Hello and welcome. I'm Lisa, a User Journey Support Manager at UnLtd, and I'm going to walk you through the financial submission requirements for the Scaling Up award.
What we will cover
These short video guides will provide you with an introduction to who the guide is for, what information we need and why we need it, an overview of the template, and then three separate video clips walking through each of the three worksheets in the financial submission template. We hope you'll find this helps you feel more confident and prepared.
Who is this guide for?
To be eligible for the Scaling Up Award, your social enterprise must have been trading for over 12 months. This means selling goods or services, which we'll go into detail about next. You must have earned at least £18,000 in traded income in the last 12 months and been incorporated for under four years. And you must not have generated more than £250,000 in revenue, which includes grants and donations, in the last 12 months.
What is traded income?
This refers to revenue generated from selling goods or services, such as selling products, charging for services and hosting paid events. This is different from grants, donations and sponsorships which don't count as traded income.
What financial information do we need?
We require three key pieces of financial information. Firstly, your actual income and expenditure from the past 12 months. A forecast for the next 12 months and the assumptions behind your forecast. These three pieces of information provide us with a full picture of your financial position and growth potential.
Why does this matter?
Your financial submission helps us to evaluate financial viability. Is your social venture financially stable? Scalability; do your plans demonstrate growth in income alongside impact? And financial planning, is your forecast realistic?
Our next video provides an overview of the template you'll need to complete. Thank you."