What type of things do you fund?
We fund charities that work in the Channel Islands. We fund a broad range of organisations for a wide variety of purposes. We usually categorise our grants as being "Education and Training" or "Social and Community Needs". We print guidelines that fully explain our criteria. These are available on this web site (www.ltsbfoundationci.org) or you can request a postal copy (please include your name and address) by sending us an e-mail or by telephone . (01534 503052)
How much can I apply for?
The range is generally between £2,500 and £25,000. We will accept applications for two or three-year funding. We recommend you contact the Executive Director before submitting your application, in particular if you intend to apply for sums towards the top of this range or if you are applying for funding over two or three years.
When do your Trustees meet and when are the deadline dates?
We receive applications on an ongoing basis. Our Trustees meet three times a year normally in March, July and November. Deadline dates may vary from year to year but are genreally mid-February, mid-June and mid-October. When you submit your application form we will let you know the date of the next meeting and when to expect our decision.
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How long before I hear the decision?
When you submit an application, you will be told when you should hear a decision. If this date changes, we will let you know.
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Where do I send in the completed application form
Your completed application form should be sent to the Executive Director, LloydsTSB House 25 New Street , St Helier Jersey JE4 8RG.
Can I send in a draft application?
Yes, we will have a look at a draft application. However, we recommend instead that you give us a telephone call with any questions before filling in the form, then there is more chance of it being right first time.
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Shall I send additional information (e.g. business plan)/Do you want to see estimates for equipment/furniture?
We have tried to design the application form so that it asks all the questions that we need to assess your application. There is a space on the form to list other documents that are available and we will request these as necessary. If there is an exceptional document which you think is integral to your application, then please enclose it. However, all questions on the form still need to be completed and it is appreciated if you do not put "see attached" under questions, to refer to external documents. If we need to see items such as estimates then we will request these. There are some documents which do need to be attached to your application form and these are listed below.
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What do I need to send in with the completed application form?
- A copy of your latest report and accounts (or draft accounts if more recent). These should be signed as approved on behalf of your Management Committee or equivalent.
- A photocopy of your most recent bank statement.
- If you are applying to fund an employee post: a copy of the job description.
- Income Tax letter of exemption if you are a CI-based organisation and not part of a UK registered charity.
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How will my application be assessed?
The assessment usually takes place over the telephone or by meeting/visit. Donations require the approval of the full Trustee Board.
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What will you ask for if we receive a grant?
All charities that receive a grant are asked for written confirmation that the funds have been received and that they will be used for the purpose specified in the application.
If you receive a two or three year payment:
You will be asked to complete a form on the progress of your project each year so that we can release the next payment. Full support will be offered in completing the form. Please keep us informed if there are problems with your work. If problems have arisen then we will try and work together to resolve these. We also need to see your annual report and accounts, each year for the life of the grant. Visits: We welcome invitations to visit projects that we have funded.
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If my application is declined will I be told why?
If your application is declined, a letter will explain the decision.
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How long is it before we can re-apply to the Foundation?
If you have received a grant, we ask for a gap of one year from the date of our grant letter (or final grant letter if you have received payments over two or three years).
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What happens if we receive the funding from another source, for the same purpose?
When we assess your application we are looking both at your organisation and the specific project you are applying for. Therefore, if the purpose of your grant has changed, our Trustee/s may still be willing to support your organisation. We will require a letter explaining what you now plan to do with the funds. The Trustee/s will then make a decision on this basis. Alternatively, we will require any funds paid to be returned to us.
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I'm worried that if I ask for too much money or two/three year funding I might not get anything.
It is true that not everyone who receives a grant from us gets the full amount they have requested. If you are concerned, before you send in your application, please get in touch with the Executive Director who will be able to advise you.
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Do you support applications for operational costs
We are keen to encourage the infrastructure of the voluntary sector and encourage applications for operational costs. This includes salary costs, which may be funded over two or three years, and training and education for managers and staff.
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Do I have to spend the donation within a certain time?
We appreciate that there is sometimes a delay between receiving a grant and being able to start spending the money (for example, recruiting a member of staff or raising the additional funds to start a project). We would normally ask you to start spending the money in the twelve months after receiving a grant. If it is going to be longer than this, we ask that you write and tell us the reasons for the delay.
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If I am a bank customer, does this help my application?
No. We are legally independent of Lloyds TSB Group and our Trustees make decisions purely on the basis of merit within our guidelines.
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Our school has a special needs section. Can we apply?
We do not support mainstream schools. However, we do consider applications from special schools or for projects which specifically benefit special needs pupils in mainstream schools.
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Will you sponsor our golf day/magazine/concert etc?
This sometimes causes confusion. We are an independent charitable Foundation and receive our income because we own shares in Lloyds TSB Group. Our "business" is making grants to charities. Sponsorship is something that companies do in order to obtain commercial benefit. Therefore, we do not sponsor events.
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Do you match fund?
Generally, we don't formally "match" funds raised but we are happy to consider applications which ask us to contribute, as one of a number of funders, to a project.
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Will you come and visit us?
We like to visit as many projects as possible and it is one of the most enjoyable aspects of our work.
Further Questions?
Please contact us if you have any further questions or comments about our work |