Grants are normally paid when the recipient's organisation is ready to start the project and any relevant conditions on the grant have been met. The Trust is as flexible as possible when making grant payments subject to protecting the funds for which it is responsible.
Small grants may be paid in advance of expenditure being committed.
A schedule of payments for larger grants will be agreed on a case by case basis, the objective being to use arrangements that best suit the organisation to be funded. Where a grant is being used to finance the employment of someone then payments will normally be made quarterly; where fairly large grants are being used to finance capital expenditure then stage payments will be made.
One-off grants should be spent within eight months of the money being allocated, although requests for extensions or slight variations will be considered.
Monitoring and evaluation requirements
The Trust will require successful grant applicants to complete a monitoring and evaluation form. These are available on the Trust's website or from the Trust office.
Applicants agree to be aware of the Trust’s monitoring requirements when they make their applications. |
