Round application and report
A work exchange project is divided into rounds of exchange. A round is a period when participants are on work placements abroad.
The partnership must submit a round description and round budget to Norec for each round of exchange.
Documents to submit before a new round
Round description
Use the template below
Budget
The partnership must also submit a round budget using the latest version of the budget template.
Documents required from all partners in the project:
- Most recent annual report
- Financial statement no more than three months old (does not need to be audited)
- Latest audited and consolidated financial statements
We advise the coordinating partner to collect all documents on behalf of the partnership and submit all documents to the programme adviser in one e-mail.
Reporting – round
After each round of exchange, the coordinating partner must report on the activities, costs and results of the project. They must also submit a consolidated audit report on the Norec funds on behalf of the partnership.
How to report
No later than four months after the participants’ follow-up period ends, the partnership must submit:
- a narrative round report
- a consolidated financial report (use the template in the approved round budget)
- a consolidated audit report
Note that after the final round, the coordinating partner submits a result report instead of a round report.
Auditor certificate
Norec requires audit firms that audit Norec funds to be authorised by the relevant national authority. You must therefore provide a valid auditor certificate or a link to the auditor’s authorisation.