7. Finding and getting money
New funding search platform for the third sector in Wales
Looking for funding for your project or organisation.. click on our new funding search platform for the third sector in Wales!
A new funding website Funding Wales,has been launched by Third Sector Support Wales to help third sector organisations find funding.
The site enables organisations to search hundreds of grant and loan opportunities from local, national and international sources.
To start searching for funding opportunities, visit funding.cymru
In order to have the best chance of securing funding, you should also contact BAVO.
We can provide dedicated support across a whole host of areas including sustainable funding, good governance and volunteering. Contact BAVO, T: 01656 810400 or E: email@example.com
Local funding information sheet
These are details about small grants which are available for small groups and organisations within the voluntary sector in Bridgend County Borough. They are intended as a general guide, the contacts given will be able to provide you with more detailed information.
Local funding information sheet
7.1 Developing a fundraising strategy
Most voluntary organisations could not exist without fundraising in some form. Some groups find that fundraising dominates their activities, whilst on the other hand, some projects who have the luxury of a three year guaranteed grant support, leave it until the last three or four months to find continuation funding. Getting the balance between providing your services and fundraising is crucial and it is important to ensure that your organisation has a fundraising strategy and that it has a high priority in your long term planning, in the regular work of your executive committee and in your day-to-day activities.
Developing a fundraising strategy
Datblygu strategaeth codi arian
7.2 Grants – fit for funding
Before start applying for grants, you need to make sure that you have the basics in place. Are you a well run organisation? Do you manage your money well? Funders need to know that they can trust you with their money, and that your project is likely to success.
Grants - fit for funding
Grantiau – addas ar gyfer ariannu
7.3 Applying to funders
Many grant making trusts do not use forms, or even give guidance on what they want to know – the just tell you to “Apply in writing.” There are no absolute rules, but this information sheet gives a proposed structure for an application.
Applying to funders
Gwneud ceisiadau i gyrff ariannu
7.3.1 Accounting for volunteers’ time in funding applications
Volunteers’ time as a financial asset has gained in importance with funders. The value however, varies from fund to fund.
Accounting for volunteers' time in funding applications
Cyfrif amser gwirfoddolwyr wrth wneud cais am nawdd
The availably and accessibility of loan finance to the third sector has increased considerably in recent years. Loans can benefit third sector organisations in many different ways but are not appropriate for every organisation.
7.6.1 Fundraising events
Events are very public forms of fundraising and can be valuable opportunities for raising your charity’s profile nationally or in the local community. Fundraising events do not usually provide the largest sources of income, though these activities can lead to other indirect opportunities.
Codi arian - digwyddiadau
7.6.2 Fundraising legacies
Many charitable organisations ask their supporters top consider leaving a legacy. This may take the form of a mailing or through adverts in the charity’s own newsletters or magazine. Some charities run workshops and events specifically targeted at raising awareness of legacies, others offer free will writing services for potential donors.
Codi arian - cymynroddion
7.6.3 Fundraising donations
Donations are defined as voluntary gifts to a fund or cause, usually for charitable reasons. They can include money, possessions and ideas. Traditionally donations have been the backbone of a charity’s income. Donations are made for either general charitable work being undertaken or for specific appeals. It sis extremely important to remember that donations made and funds raised for a specific appeal must be used for that specific purpose.
Codi arian - rhoddion
7.7 Introduction to procurement
Third sector organisations are increasingly seeking to diversify their income sources by incorporating strategies and techniques to achieve a sustainable funding base. Delivering goods or services under the terms of a contract is one of the many options that can be considered to generate income. The majority of third sector organisations that deliver contracts do so for the public sector. This information sheet is intended to provide a brief overview of procurement within the public sector.
Introduction to procurement
Cyflwyniad i gaffael
7.7.1 Introduction to tendering
Third sector organisations are increasingly seeking to diversify their income sources by incorporating strategies and techniques to achieve a sustainable funding base. Tendering for the delivery of goods and services under the terms of a contract is one of ma y options that can be considered to generate income. This information sheet is intended to provide a brief overview of tendering and issues that third sector organisations should consider before deciding to tender.
Introduction to Tendering
Cyflwyniad i dendro
7.7.2 Developing a successful tender
Contracts are won, and lost, on the quality of the tenders submitted therefore being able to write a good tender is essential. This information sheet is intended to provide a brief overview of how to develop a successful tender.
Developing a sucessful tender
Datblygu tendr llwyddiannus
7.7.3 Costing your tender
Third sector organisations are increasingly seeking to diversify their income sources by incorporating strategies to achieve a sustainable funding base. Tendering for the delivery of goods and services under the terms of a contract is one of the many options that can be considered to generate income.
Costing your tender
Costio eich tendr
Third sector organisations are increasingly being encouraged to diversify their income streams in a variety of ways to ensure long-term financial sustainability. This information sheet is intended top provide a brief overview on trading and the issues which third sector organisations should consider before embarking on a trading project.
7.8.1 Charity shops
Charity shops are retail outlets which raise funds for their parent charities, by selling primarily second-hand donated goods. They may also sell items which, when sold, constitute ‘primary purpose’ or ‘non-primary purpose trading’.
7.9 Giving (sources of funding)
The public provides the voluntary sector with one of its largest sources of income, though this income is far more difficult to obtain than from other sources such as trusts and grants. Individual donor support can only be obtained through various innovative and sometimes complex methods of fundraising, though when successful, these can be very lucrative.
Giving (sources of funding)
Rhoi (ffynonellau arian gan noddwyr)
7.10 Tax effective giving
Tax-effective giving is often discussed in the UK as if it is a single brand but there are actually a number of different tax-effective giving mechanisms which operate in different ways.
Tax effective giving
Dulliau o roi arian sy’n effeithiol o ran treth
7.10.1 Introduction to payroll giving
Payroll enables employees to give to charity through their employer’s payroll before tax is deducted. It a tax-effective way for an employee to give regularly to charity. Employees can support one or more charities and they can give as much as they wish.
Introduction to payroll giving
Cyflwyniad i roi arian trwy'r gyflogres
7.10.2 Payroll fundraising
Payroll fundraising involves building relationships with employers and employees with the aim to promote the charity’s work and recruit committed donors. This information sheet provides information on how to go about developing a payroll giving strategy for your charity.
Codi arian trwy'r gyflogres
7.10.3 Payroll giving consortia
This information sheet is designed to help local charities set up a working consortium so that they can benefit from Payroll and other kinds of support from local businesses.
Payroll giving consortia
Consortia rhoi o'r gyflogres
7.10.4 Introduction to Gift Aid
Gift Aid allows charities to reclaim from HM Revenue & Customs (HMRC) the basic rate of income tax on donations made by UK taxpayers. Gift Aid is a great way of boosting donations whatever their size, at no extra cost to the donor, and with little extra administration for the charity.
Introduction to Gift Aid
Cyflwyniad i Gymorth Rhodd
7.10.5 Gift Aid promotion
Supporters are much more likely to use Gift Aid of they are asked to do so and if they understand the valuable extra benefit that it brings to your charity without any additional cost to them.
Gift Aid promotion
Hyrwyddo Cymorth Rhodd
7.10.6 Gift Aid record keeping
HM Revenue & Customs (HMRC) has a duty to ensure that the Gift Aid scheme is used properly and has the right to inspect any charity’s Gift Aid records. The basic requirement is that any charity operating a Gift Aid scheme must be able to demonstrate an audit trail.
Gift Aid record keeping
Cadw Cofnodion Cymorth Rhodd
7.10.7 Gift Aid FAQ
Gift Aid FAQ
Cwestiynnau cyffredin Cymorth Rhodd
7.11 Corporate funding
Approaching companies for money or other support is still a relatively unknown role for many voluntary and community groups. Attracting money from companies does not mean that you have to change what you do or how you do it. You may just have to ‘sell’ yourselves in a slightly different way.
7.12 Specialist European Teams
The Specialist European Teams (SETs) provide free information, advice and assistance to public, private and third sector organisations that are involved in the implementation of the European Structural Funds programme available in Wales during 2007 – 13.
Specialist European teams
Timau Ewropeaidd Gofodol
7.13 Working together to raise income
Third sector organisations can work together to generate funds in a variety of different ways, from organising fundraising events, through encouraging one-off donations and regular giving, to joint tendering or trading. This information sheet is designed to provide introductory guidance to third sector organisations who are considering whether there are ways in which they could generate income through working with others.
Working together to raise income
Cydweithio i godi incwm
7.14 Community investment
Community investment is a method of communities investing capital in business ventures whose purpose is fore social and community benefit. By utilising the investment power of whole communities, potentially large amounts can be raised without the need to turn to the private sector or wealthy individuals.
European Structural and Investment Funds 2014 - 2020
Download information sheet which provides an introduction to the next round of European Structural and Investment Funds 2014 - 20.
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