FSTP CoP Online Workshop on Financial Reporting for Small Organisations

Small organisations, FSTP beneficiaries have limited capacities to manage projects in accordance with the basic EU standard requirements and require simple yet detailed instructions and mentoring almost daily. The key question identified is how to balance donor requirements with local capacities and what examples are available from current practice in the region, such as simplification of procedures, documents, and support to be provided to small grant beneficiaries. The workshop was implemented on 23 April 2025 for the group of 40 FSTP implementers from the WBT region as a practical exercise and a peer knowledge transfer and addressed the following key topics: Latest PRAG changes; Simplification of reporting procedures; Simplification of costs; Financial reporting proof documents; Procurement procedures; VAT exemption procedures; Financial Monitoring Tools; Mentoring and capacity building of small grant beneficiaries.