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  • Accountable body - the agreed organisation to represent a partnership to funders
  • Added value - impacts not listed in funding criteria or original outputs
  • Audit/ auditable - an external check of project spending, systems and accountability
  • Budget - financial planning for the life of the funding
  • Capacity Building - measures to support the building up of skills and knowledge to enable a community to perform at its best ability
  • Capital - spending on equipment/ machinery/ property
  • Charitable aims - not registered as charity but delivers as a charity
  • Charitable status - received charitable status from the Charities Commission
  • Cocktail funding - a mixture of funding sources
  • Co-financing - an ESF initiative to strategically deliver funding (usually in order to tackle long term unemployment - Objective 3) using recognisable award partners e.g. LSC
  • Continuation funding - funding for a project when initial funding ceases
  • Contributions in kind - Applicants may have to provide a cash contribution from their own reserves or from another sponsor. A contribution (or match funding) "in kind" is when an applicant's input into a project is other than cash. Acceptable contributions in kind include: staff or volunteer time; or the provision of services or equipment.
  • Criteria - a set standard
  • Displacement - The extent to which the project may have a negative effect on other companies, sectors or areas
  • Eligibility - only certain activities and ways of running projects are classed as eligible according to each funding programmes rules and regulations.
  • ERDF (European Regional Development Fund) - aims to improve economic prosperity and social inclusion by investing in projects to promote development and encourage the diversification of industry into other sectors in areas lagging behind.
  • ESF (European Structural Funding) - funds given to areas of economic deprivation by the European Union. The funds are specifically targeted at agreed regions and intended to promote the regeneration of those regions. Also see Objectives 1, 2 & 3 below
  • ESF (European Social Fund) - funds training, human resources and equal opportunities schemes to promote employability (ESF funding may be used to complement the ERDF activities) Also see Objectives 1, 2 & 3 below
  • Evaluation - final report measuring the impact and effectiveness of a project
  • Exit Strategy - a plan for when funding for a project comes to an end, in order that planned changes are built upon and maintained during subsequent years
  • Expression of interest - a solicited call for proposal to spend specific funding
  • Financial reporting (quarterly) - a report on the financial health of a project
  • Grass roots - on the ground working delivering services to real people
  • Incorporation - to constitute as a legal corporation
  • Letter of introduction - an unsolicited introduction to Trust/ Funder
  • Leverage - a small amount of money to attract larger funds
  • Lifelong Learning - Education and training undertaken by individuals throughout their lives, allowing them to continually update their knowledge and skills
  • Limited by guarantee - bound by restrictive Business Code of Conduct
  • Match funding - partial funding to match another funder
  • Milestones - pre-determined and regular activities/ events to mark project progress
  • Monitoring - an on-going appraisal/ recording of activity
  • Objectives 1, 2 and 3 - Relating to the Priority objectives within the European Structural Funds (see above), the three objectives for 2000-2006 are: Objective 1: to promote regions lagging behind in development; Objective 2: to convert regions with poor infrastructure; and Objective 3: to support regions needing support for education, training and jobs.
  • On track - spending as per budget
  • Outcome(s) - visible change as a direct result of project funding
  • Outputs - tangible targets you set at the beginning, usually based on funding requirements
  • Over-spend - spending more than budgeted
  • Performance indicators - tangible evidence of performance/ improvement measured against a specific goal
  • Retrospective - cannot pay after the event
  • Revenue - spending on staff
  • Slippage - a contingency fund or underspend
  • SMEs - small and medium size enterprises with less than 250 employees
  • Spending profile (to date) - a snapshot of spending at a given time
  • State Aids - If public money is given directly to an organisation, it is a State Aid. There any many limits on this because it distorts competition. It is a complex area and the State Aids Policy Unit (SAPU) in London deals with queries
  • Sustainability - method to keep a project going after funding runs out or ability of project to address environmental targets
  • Under-spend - spending less than budgeted
  • Unincorporated - governed by constitution without legal corporation