The failure of charities to file documents with the Charity Commission website is the most common reason why the Lloyds TSB Foundation for England and Wales rejects funding applications, according to its chief executive.
Speaking at a session on what funders want at a Media Trust conference in London yesterday, Linda Kelly said the foundation expected a charity’s finances to be well run.
"The single biggest reason we reject requests is that they haven’t filed documents on the Charity Commission site," she said.
Many charities forgot the obvious when applying for funding from the foundation, Kelly said. For example, if a charity had a good governance and planning system in place, it should make this clear.
"We like to see good support for staff and volunteers – volunteers are very important," she said.
According to Kelly, the foundation looks for charities that achieve lasting change through their work. She said helping fewer people to a high standard was more important than helping a lot of people.
The Lloyds TSB Foundation would be supporting charities with £25m this year, she said.
Jenny Olsen, director of communications and marketing at the Community Development Foundation, told the conference that an increasing number of partnerships were applying to the CDF for funding.
"People must be able to demonstrate they are generating more funds off the back of our grant," she added. "Sustainability will be very important in the years to come."