Frequently asked questions about the Fund against Child Labour (FBK)
Last checked on: 8 February 2024
Frequently asked questions about the Fund Against Child Labour (FBK). If you have a question that is not listed here, please contact us.
Is there an official way to keep a record of the hours worked?
Is there an official way to keep a record of the hours worked?
No, there is no official framework for reporting the hours worked during the project. In your document, you must include:
- who worked the hours;
- what they did;
- where the work activities were carried out;
- how many hours they worked (in which period).
For these records, we advise you to use an Excel document. Discuss the justification of the hours worked with your accountant.
Is an auditor's opinion required?
Is an auditor's opinion required?
No, it is not necessary to provide an auditor's opinion with the final report. A signed management statement is enough. You can find a template on the project administration page.
Can inflation be included in the project costs?
Can inflation be included in the project costs?
No, we exclude costs caused by inflation and exchange rate fluctuations.
What are the mandatory elements of project completion?
What are the mandatory elements of project completion?
The mandatory elements are:
- Final report. This should include the Self-assessment survey completed by all companies in the partnership;
- Results sheet;
- The requested Means of Verification per result. Please consult with your project advisor;
- Financial budget tool, and
- Management Statement.
You can find the forms you need on the project administration page.
Do you carry out random checks?
Do you carry out random checks?
Yes, we carry out random checks. If we select your project, we will contact you for extra project information from your administration. For example, financial records, such as time sheets and invoices.
Can I make changes to the approved budget?
Can I make changes to the approved budget?
For changes to the budget, you must receive our approval if the change is more than 25% per result within a budget category. For example, within the budget category 'A1. Staff hours in home country'. If a change of more than 25% is less than €2,000, you do not need our approval.
You must also report content-related budget changes. For example, if an activity is replaced by another activity within the same budget category due to a shift.
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