Your group will need to have a club or society account in the name of the group, which requires two signatures on a cheque or to draw money out of the bank. If your group does not have a club or society account and your application for a grant is successful we will contact you to discuss the grant payment.
We will need to see a copy of your group annual accounts, if you have them prepared. If your group needs help preparing annual accounts, Hull CVS can help you with this. You will need them in the future if your group is going to apply for grants from other funders.
If your group does not have annual accounts we may ask to see a copy of a recent bank statement in the name of the group. However if your group is so new, and you are unsure whether the group will actually get going, and hasn’t opened a bank account yet, Hull CVS can pay for purchases and resources on your behalf up to the value of the grant awarded.
NB: in this case, you must wait to hear if your application for a grant has been successful, and we have contacted you to make the arrangements, before you book your room or order your printing. Invoices will need to be made payable to Hull CVS. Please also note we cannot reimburse an individual for money they have already paid on your behalf.
We find that many groups that are successful which do not have a group bank account at the time of applying for a grant often use the grant payment to open an account in the name of the group.