FAQ: access to funds

Raise has a new process for allocating funds. All funds will be reallocated to the ‘General Charity Fund’ with the exception of any funds restricted to a specific purpose. This means that you will no longer be limited by the amount of funds within your current fund.

Below is a video of Sofia Sheikh, Raise’s Charity Director, and Louise, a volunteer, who plays a part of a fund holder answering the common questions about the new process. They explore the questions including:

  1. What is happening to my funds?
  2. How will I be able to access funding?
  3. What if my fund is restricted and what can I do to ensure it stays that way?
  4. Can I talk to someone about these changes?

 

Below are some other FAQs about the new funds process.

Question 1 – What is happening to my funds?

Answer  1 – With the exception of any funds restricted to a specific purpose, all funds will be reallocated to the ‘General Charity Fund’. This means that you will no longer be limited by the amount of funds within your current fund, so you will be able to apply for more funds this way.  This new process will also enable all staff to be able to apply for funding, so it will be fairer.

  • What is a restricted fund? A restricted fund is a reserve fund that contains money that can only be used for specific purposes. Restricted funds provide reassurance to donors that their contributions are used in a manner they have chosen (e.g. Staff reward and development fund)

Question 2 – How will I be able to access funding?

Answer 2 – It’s easy to apply for funds, just visit the ‘for our NHS staff’ section on our Raise website and you will find our application under ‘apply for Raise funding’.  This is part of our ‘Wouldn’t it be nice if…’ campaign (https://raisewestherts.org.uk/wouldnt-it-be-nice/). By having this process in place, the application for funds is fair and open to all staff to be able to ask for items that go above and beyond what the NHS can provide.  This also enables us to be able to seek funding from external sources to fund particular projects for you.

Question 3 – What if my fund is restricted and what can I do to ensure it stays that way?

Answer 3 – If you believe that your fund is restricted (the donor that had given you the money only wanted it spent in a particular way or department) then please let us know by emailing office@raisewestherts.org.uk. You will need to provide evidence showing the donor has said that these funds can only be spent in this prescribed way.  On receipt of confirmation that the funds are restricted, we will ensure your fund is kept as a restricted fund.

Question 4 – Can I talk to someone about these changes?

Answer 4 – Yes, please feel free to give Sofia Sheikh, charity director a call on 07393232313