TSBF POLICY FOR GRANT APPLICANTS

1) Beneficiary Status:

The Foundation will consider applications for grants from:

1. Voluntary organisations owning a Thames Sailing Barge

2. Charitable organisations owning a Thames Sailing Barge

3. Individual owning a Thames Sailing Barge

2) Geographical Area

There is no particular geographical area for applications.

3) Applications

Organisations or individuals based in the United Kingdom will be preferred to those in other countries unless the applicant plans to return to the UK to have the works done and will remain in situ at least for five years on from the date of the officially documented completed works (not the date that the grant was given).
All applicants will be required to partake in the Thames Sailing Barge Parade for those five years unless the parade or the foundation is dissolved.

4) Purpose of Grant

Grants will normally be made for capital expenditure, i.e. to acquire materials such as wood, steel, fabric for sails and such like.

Applications with guaranteed fixed job prices are likely to be considered favourably even with a small contingency of 10% or less of the fixed price value set in place, and only if such expenditure is for the longer term benefit of the beneficiary.

Expenses will never be funded on an ongoing basis. The Foundation will not normally consider grants for projects to cover expenditure which has already been incurred or committed.

Where an award is to be made to fund a long term rebuilding or maintenance project, the trustees will assess the details of the project, including timescales for the works and the ongoing financial viability of the works.

Copies of business plans and / or building plans may be requested as appropriate. For rebuilding projects, confirmation that a structural report has been obtained will be a prerequisite, non-structural maintenance work will not require a report. Where an award to be made by the Foundation will cover only a relatively small proportion of the costs to be incurred by a grant recipient, the Trustees may make any payment conditional upon the applicant obtaining the remaining funding from other sources.

5) Size of Grants

The amount of any grant awarded will not normally be less than £250 or greater than £5,000, however, in consideration of rebuilding, the grant award may reach upto 15,000.

6) Assessment Process

The Foundation will normally expect, as a minimum, to be provided with

  1.  A copy of the applicant organisation’s most recent set of financial statements.
  2. Details of the purchase / expenditure to be funded, including a full cost breakdown.
  3. Confirmation of the amount of financial support already received or pledged towards the overall cost.

7) Post-Award Review

The Foundation reserves the right to request from the grantee confirmation that funds have been spent appropriately. It may ask for photographic evidence of any capital items funded by an award and may also ask for video evidence of any works carried out as a result of an award, or for a report after a suitable period from the body receiving the grant to update the Trustees on the progress of its project. 

SUMMARY

In short, the Foundation’s policy is to support individuals, voluntary and charitable organisations owning a Thames Sailing Barge within the UK (but not limited to said area) with grants for the rebuilding or maintenance expenditure to upkeep a Thames Sailing Barge as a British heritage.