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COMMUNITY CHEST
(1)
Riverside Community Development Trust (RCDT) has established
a Community Chest in order to provide grants and loans to groups
within the area bounded by Lambeth Rd in the North, Kennington Park
Rd in the East, the River Thames in the West and Kennington
Lane/Kennington Rd in the South. This area largely comprises
Prince’s Ward with a small section of the southern part of Bishop’s
Ward.
(2)
RCDT will raise money to add to the Chest.
(3)
The activities to be funded from the Chest shall be in accord
with the aims and objects of RCDT.
(4)
For the period until 31 March 2007 the priorities for funding
will be activities designed:
(a) to promote participation in community
activities for all ages
(b) to help new emerging groups with initial
set-up and activity costs
(5) The maximum funding for an individual
activity will be £1,000, but the Board will look more favourably at
bids for less.
(6) Because there is only a small amount of
money in the Chest to start with, the Trust Board sees no useful
purpose in opening a formal bidding round. It will select which
activities and emerging groups it will support from applications
made to it on a monthly basis as applications are received until the
money runs out and groups will be informed when this happens.
(7) In the event that there are
significantly more applications than funds the Board regrets it will
have to make decisions based on the criteria above and that these
will be final and there will be no appeal procedure.
(8) As the amount of money in the Chest
grows the Board will bring the following set of criteria into
practice.
(9) Groups that can apply for Chest funding
include:
(a)
informal community groups which do not yet have terms of
reference or a constitution
(b)
unincorporated community and voluntary organisations
(10) The majority of those who will benefit
from the activity/event/project will be residents in the Chest area.
(11) Organisations shall apply using a
standard application form and may be asked to meet with Trust
members/staff to discuss the details of the application.
(12) Groups may be awarded either a grant or
a loan
(13) Groups without bank accounts will have
their expenditure paid for through the Trust’s account.
(14) The grant or loan must be spent for the
purposes agreed by RCDT.
(15) Unless otherwise agreed the money must
be spent within six months of the decision to make a grant or a loan
(16) Groups will provide RCDT with a
statement of the expenditure and the outcomes of the
work/activity/project on which it has been spent,
(17) Receipts verifying expenditure will be
kept, and copies attached to the statement of expenditure under (14)
(18) Where possible, the organisation will
acknowledge the receipt of the grant by using RCDT’s logo in
event/activity publicity and in their Annual Report
(19) Applications for funding will be
considered by members of the RCDT Board of Directors.
(20) In the event of an application being
made by another group in which a member of the Board of Directors is
a Committee/Board member, that person cannot be involved in
considering the group’s application.
Riverside Community Development Trust
20 Newburn St
London, SE11 5PJ
020 7820 0555
info@rcdt.org
www.rcdt.org
April 2006
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