Funding Stages

The range of steps undertaken during the fundraising process can be better managed by grouping each step into a number of stages. Here is an example of a four-stage approach:

Prepare for funding

1. Research and planning
2. Prepare the application
3. Follow-up (once the application has been sent off)
4. Monitoring and evaluation

To prepare for funding, your organisation will usually need:

1. A management committee
2. A governing document (e.g. constitution or memorandum and articles of association)
3. A bank account (with at least two unrelated signatories)
4. A record of your annual accounts
5. Equal opportunities, safeguarding (child protection), and health and safety policies (where applicable). These are the minimum policies you may need.