Covid Recovery Programme 2022 Information Webinar - | NICVA

Covid Recovery
Programme 2022
Information
Webinar

Overview
COVID Recovery Programme

▸ The Department for Communities programme to
   support the Voluntary,   Community   and   Social
   Enterprise sector

▸ The aim is to reduce or remove operating deficits
   in eligible organisations which have arisen in
   the 2021/22 financial year because of the
   COVID pandemic.

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Overview continued…
▸ A single funding scheme; organisations apply
   through the delivery partner that best reflects
   their primary purpose.

▸ Some may fit within more than one primary
   purpose, but it will be for the applicant
   organisation to select only one delivery
   partner.

▸ Organisations can only apply to one delivery
   partner; review partner websites for relevant
   guidelines and deadlines.                         3

Overview continued…
▸ The    Covid Recovery Programme for
   Organisations has been co-designed with
   seven sectoral bodies who will deliver the
   scheme and make awards of up to £50,000.

▸ Not-for-profit organisations in the culture, arts,
   languages, heritage, sports, charities and
   social enterprise sectors.

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Delivery Partners
▸ Community Finance Ireland
▸ Arts Council
                                   1 funding pot
▸ NI Screen                        distributed by
                                     7 Delivery
                                     Partners
▸ Sport NI
▸ National Lottery Heritage Fund
▸ Glor na nGael
▸ Ulster-Scots Agency
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Eligibility
▸ Varies depending on the delivery partner.

    ▹ For example: Arts Council for NI accepts
       applications from constituted
       organisations/companies and venues
       and evidence criteria relating to
       ‘Organisational Purpose’ and ‘Financial
       Viability’.
▸ Review      partner websites    for   relevant
   guidelines and deadlines

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Award Level
▸ The maximum amount of funding available is
  £50,000.
▸ Exceptionally, organisations seeking more than
  £50,000 may make a request. Review delivery
  partner websites for relevant
  requirements/conditions.
▸ Ulster-Scots delivery partner the maximum is £10,000
   and the minimum is £1,000.

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Essential Assessment Criteria
▸ An operating deficit is a negative difference
   between your income and expenditure in the
   period 1 April 2021 to 31 March 2022.

▸ Based on the financial calculations the
   organisation anticipated that it would have an
   operating deficit for the period 31 March 2022
   and can confirm that this is COVID related.

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Calculating Grant Amount
▸ Applicant organisations must provide the
   financial information necessary to underpin
   and inform sound decision making.
▸ Calculation of the projected deficit will require
   you to make projections of future income and
   expenditure in the period up to 31 March
   2022.

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Calculating Grant Amount
▸ Complete the financial template (guidance
   available on delivery partner websites)
▸ Example from Community Finance Ireland

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Treatment of Reserves
▸ It is prudent for organisations to build up and maintain
  a level or reserves appropriate to their circumstances
▸ The grant available to your organisation will normally
  be limited to a maximum of six months costs.
▸ If your organisation has projected reserves on 31
  March 2022 in excess of six months costs you should
  not expect to receive a payment under this
  Programme.
▸ If you believe that your organisation has a valid reason
  for holding reserves greater than six months costs, you
  must include this reason in your funding application.
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What are reserves?

▸ Reserves are the funds that your charity has
   which can be freely spent on any of its
   charitable purposes.
▸ This definition excludes restricted income
   funds and endowment funds as these must be
   spent in a specific way.
▸ Reserves will also normally exclude tangible
   fixed assets held for the charity’s own use.
▸ Guidance is available at Reserves policy
   guidance | NICVA
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Mandatory Documents
Slight variance between delivery partners
You need to review the guidelines available on each delivery
partners’ website
E.g. Community Finance Ireland

▸   Completed Financial Overview Template
▸   Governing Documents
▸   Copy photo ID & Proof of Address for two Trustees/Directors and
    Key Contact
▸   Bank statement
▸   Management accounts for April 2021 to September 2021
▸   Financial Projections for October 2021 to March 2022
▸   Reserves Policy Statement
▸   Annual Accounts (Year end 2019 & Year end 2020)

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Deadlines
Community Finance Ireland            5:00pm on 28 January 2022

Arts Council NI                      12:00pm (noon) on 28 January 2022

NI Screen                            28 January 2022

National Lottery Heritage Fund for   12:00pm (noon) on 21 January 2022   Covid Recovery
Organisations                                                            Programme for
                                                                             Heritage
                                                                            Individuals
Glór na nGael                        28 January 2022                     closes 12:00pm
                                                                           (noon) on 28
                                                                         January 2022.
Sport NI                             12:00pm (noon) on 28 January 2022

Ulster-Scots Agency                  5:00pm on 28 January 2022

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Summary

In order to apply an organisation must:
▸ Have a Covid related deficit for April 2021 -
   March 2022
▸ Meet the criteria in terms of reserves
▸ Make an application to only one of the seven
   delivery partners
▸ Check the criteria and requirements for the
   delivery partner you choose
▸ Submit the required documentation by the
   deadline
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Further support

▸ If after reading the guidance
  information you need further support
  please go to the support form on our
  website: DfC: Covid Recovery
  Programme for Organisations 2022 |
  NICVA
▸ The frequently asked questions
  (FAQ) article will be regularly updated on
  our website

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THANKS

Q&A
session

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