FAQs

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FAQs

Below is a list of the most commonly asked question regarding the Dream Fund. We hope that your query will be answered here, but if not, please do not hesitate to contact the Dream Fund Helpdesk on 0131 555 7287 or info@postcodetrust.org.uk for further information.

Q: What is the Dream Fund?
Q: What is the difference between the Dream Fund and the Small Grants program?
Q: Who can apply for funding?
Q: How much can I apply for?
Q: Can we apply for part-funding?
Q: What kind of project do you fund?
Q: Do you accept applications from all over the UK?
Q: Do you fund projects that will run outside of the UK?
Q: How long should my project last?
Q: When should my project run from and to?
Q: Why do applications have to come from more than one organisation?
Q: Does it have to be a long-standing partnership?
Q: Who decides if my project receives funding?
Q: Why do I have to provide supporting documents?
Q: Why do I have to carry out an external audit?
Q: What if I have applied to the People’s Postcode Trust before? Can I apply for the Dream Fund?
Q: My organisation (in collaboration with another group) has a project that is eligible for the Dream Fund. However, we also have a separate project (for our organisation only) that meets the criteria for standard Trust funding. Can we apply for both types of funding?
Q: My project was awarded funding from the Dream Fund, but unforeseen circumstances have caused a delay. What can I do?
Q: The items I wanted to purchase with the awarded funds are no longer available. What should I do?


Q: What is the Dream Fund?

A: People’s Postcode Trust Dream Fund is a new initiative developed by the People’s Postcode Trust team to give charitable organisations the chance to apply for 24 months funding of up to £250,000 to deliver their ‘dream’ project. Applications must come from a collaboration of at least two organisations, and meet at least one of the following funding criteria:

  • Encouraging Healthy Living
  • Social Enterprise
  • Environmental Sustainability

Q: What is the difference between the Dream Fund and People’s Postcode Trust funding?

A: The Dream Fund is an initiative developed to run alongside the traditional quarterly format of funding, and has been designed to provide funding for innovative ‘dream’ projects that may not necessarily be eligible for the Small Grants Programme. Both funding programmes will run simultaneously, but entirely separately. The Dream Fund is open once per year and will NOT replace the quarterly Small Grants Programme.

 

Q: Who can apply for funding?

 A: We accept applications from registered charities, voluntary groups and community interest companies. The Dream Fund encourages collaboration between organisations, therefore all applications must come fromat least twoorganisations who have joined forces to deliver their ‘dream’ project. One of these MUST be a registered charity, and this organisation will be the one with whom the Trust enters into a contractual relationship with in order to deliver the project. The project contact must be from this organisation, and it is this organisation that will provide their account details if the application is successful. They will also be responsible for ensuring that the funds received are distributed in the manner described in the application.

 

Q: How much can I apply for?

A: The Dream fund provides funding for up to £250,000. The minimum amount that organisations can apply for is £100,000

 

Q: Can we apply for part-funding?

A: Yes, the funds can be used alongside existing funds already raised, or any financial backing you may have already established (this can be from a commercial business, but please note that they cannot be part of the application process). However, please note that the amount you request must be more than 30% of the total cost of the project. The total cost of the project can be over £250,000, as long as you do not request over this amount from the Dream Fund.

We will also solely fund the entire project, so it will not hinder your application if you do not have any other funding in place.

 

Q: What kind of project do you fund?

A: The Dream Fund is for innovative and original projects that meet at least one of the three funding criteria: Encouraging Healthy Living, Social Enterprise or Environmental Sustainability. All projects must have a clear charitable purpose with visible results after 12 months, and have been developed to a point where they are ready to execute. For example, a community club may join forces with a local sports club to deliver an innovative sports project for all members of the community.

If after reading the guidance notes you are still unsure if your project is eligible, please contact the Trust Helpdesk on 0131 555 7287 to discuss this further.

 

Q: Do you accept applications from all over the UK?

A: We accept Dream Fund applications from Scotland, England and Wales.

 

Q: Do you fund projects that will run outside of the UK?

A: No – all Dream Fund projects must demonstrate a direct benefit to our designated areas of Scotland, England and Wales. This is because, like People’s Postcode Trust, the Dream Fund is 100% funded by the players of the People’s Postcode Lottery, and all funds must be re-invested into the local communities from which they originated.

 

Q: How long should my project last?

A: Dream Fund projects should last up to a maximum of 24 months. All projects must be completed and funds spent within 24 months of receipt of award. This criteria is non-negotiable and we will not accept applications for projects that intend to last longer than this time period. We will however, accept applications for projects that will run for less than this time period.

 

Q: When should my project run from and to?

A: Your project should aim to start in the first half of 2014. Winners will be announced on January 29th and your project should be ready to start shortly after this date. All Dream Fund projects must be completed 24 months after funds are received into your bank account.

 

Q: Why do applications have to come from more than one organisation?

A: Different organisations often work with similar target groups, but in different ways. The Dream Fund encourages these organisations to collaborate their services to deliver a project that will benefit the users of both groups in an efficient way. You never know, it could be the beginning of a wonderful partnership!

 

Q: Does it have to be a long-standing partnership?

A: You do not have to have a history together – you can come together specifically to deliver this project. However, we would advise that you do not come together purely to receive £250,000, but instead ensure that there is a genuine benefit for your groups to collaborate.
We request that you draw up a written agreement between all organisations applying for the Dream Fund, regardless of whether you have worked together for years, or if this is the first venture between you. This will define which organisation is the lead group (this MUST be a registered charity – if more than one registered charity is applying in your collaboration, please decide between you which will be the lead group), and how the funds will be managed should you be successful.

 

Q: Who decides if my project receives funding?

A: Once submitted your application will be reviewed by the Dream Fund management team to ensure it is eligible and complete. Following this review, a shortlist of applicants will be invited to meet an assessment panel (made up of two People’s Postcode Trust Directors and an industry experts) to discuss the proposal in person. After this presentation process, the panel will make their decision on the successful applications. All decisions are final.

 

Q: Why do I have to provide supporting documents?

A: You must provide the required documents in order to give us as much information about the project and all organisations involved as possible. This is even more important for the Dream Fund as multiple organisations are involved, and it is vital that we are able to view the organisation and financial status of all parties. Please note that we require audited accounts from all organisations involved, but only the lead organisation will need to nominate a bank account in which to funds will be transferred should you be successful. If you do not submit all necessary documentation, we will be unable to process your application.

 

Q: Why do I have to carry out an external audit?

A: We ask that you carry out an external audit in order for us to see that the expenditure for the project has been checked by an approved auditor. This saves applicants having to collate and send in receipts that total up to £250,000, which would be arduous and time consuming. Please note that you must allocate the cost for this audit in your budget.

 

Q: What if I have applied to the People’s Postcode Trust before? Can I apply for the Dream Fund?

A: As long as your project is eligible and you have collaborated with at least one other organisation, then you may apply for the Dream Fund even if you have applied for Small Grants Programme funding previously (regardless of the success of this submission). Please note that if you were successful in a previous application to People's Postcode Trust, but did not adhere to our funding policy (such as failing to return the evaluation form on time, or not publicly acknowledging the award), then we will not accept an application from you for the Dream Fund.

 

Q: My organisation (in collaboration with another group) has a project that is eligible for the Dream Fund. However, we also have a separate project (for our organisation only) that meets the criteria for the Small Grants Programme. Can we apply for both types of funding?

A: Unfortunately, we cannot allow organisations to apply for both the Dream Fund and the Small Grants Programme at the same time. However, if you apply for one funding programme in one round, you are welcome to apply for the other in a subsequent round to ensure that you do not have two applications with us at once.

 

Q: My project was awarded funding from the Dream Fund, but unforeseen circumstances have caused a delay. What can I do?

A: If you realise that there will be a delay to your project and you may not be able to complete within the required 24 months, please contact us as soon as possible. It is vital that you make us aware of any issues regarding your project so that we can work with you to help try to resolve them. Please note that we cannot guarantee to grant an extension to your project. If you fail to comply with these funding policies, we will not accept future applications from your organisation.

 

Q: The items I wanted to purchase with the awarded funds are no longer available. What should I do?

A: We understand that there may be circumstances that mean you are unable to spend the money in the way you intended (i.e. items are out of stock, installation proves impossible etc). You must contact us as soon as possible if you are unable to proceed with your project as described in your application. You must put your request in writing and provide a breakdown of the revised costs, as well as quotations to support these estimates. Your request will then be considered by the Dream Fund management team, and you will be informed of their decision as quickly as possible. Please note that we cannot guarantee to approve any request for the re-allocation of funds.



If the above information has not answered your question, please contact the Dream Fund Helpdesk on 0131 555 7287 or info@postcodetrust.org.uk. We will be happy to answer your queries.