The MSE Charity is dedicated to supporting UK voluntary groups deliver financial life skills, which make a lasting impact on the way people think, behave & manage their money.
All applications must demonstrate how the project they are seeking funding for has a lasting impact on the people taking part.
The February 2020 grant round is targeting and supporting groups who provide and deliver practical financial life skills to those who live with long term challenges as listed above.
Application Form Update
Applications which are submitted from 2020, will need to complete an online Application Form, which includes requests for supporting information to be uploaded as part of the process.
UPDATE November 2019
We no longer require you to submit a separate Funding Proposal - all relevant information will be asked as questions in the online application form. You can review the new application questions here.
Please note there are now specified maximum word limits on answers to questions.
The application form cannot be saved and returned to, so please make sure you have your answers prepared in advance so that you can complete the application in one sitting.
Grant Evaluation, Monitoring and Reporting
To support your own evaluation processes, the MSE Charity has developed a short 8 question Managing Your Money Beneficiary Survey which we now ask all our successful grantees to use before they start their activities & then to repeat at the end.
The After Survey includes one extra open ended question.
This simple but effective method of evaluation will enable us and you to measure quantitatively the difference and impact of your activity.
This is a mandatory requirement for all grantees.
Please make yourself aware before you apply what information we expect to receive from your organisation in return.
The final 10% of any grant agreed, is withheld until satisfactory completion of the grant reports.
Future applications will not be considered if the reports have not been returned.
Supporting Information - Project Budget
Please provide a full and detailed breakdown of the total costs associated with your project, explaining how each cost item has been calculated, see example below.
Please specify the amount of funding you are asking for. We have a limit of £7,500 per application. If the total cost of the project is over £7,500 please state which budget item/s you would like us to support.
Please indicate any income budgeted towards the cost of this project and indicate whether it has already been secured; either as an in-kind contribution or match funded.
Please note if your application is successful we reserve the right to ask for financial receipts to be provided to audit grant expenditure.
Supplementary Application Form Guidance - Questions 31 and 32
31) What Outputs will your project deliver?
Outputs are the activities, services and products provided by your organisation
Project outputs should be outlined as SMART objectives. This means they should be,
Specific:- outline specific goals rather than general ones, detail exactly what will be delivered and how this will be done.
Measurable:- your project must include concrete criteria for measuring progress
Achievable:- the goals and outputs identified must be realistic and achievable; stretching but not unachievable.
Relevant:- outputs should matter to the project and its aims and help to meet the needs of the target community
Time Bound:- goals for outputs should be given a specific time frame with clearly defined target dates
Specific:- To deliver crisis support, advocacy support and financial literacy training using CAB approved resources to Dementia Carers living in Birmingham and Solihull who are experiencing debt/ money management issues.
Measurable:- To deliver the project to a total of up to 40 beneficiaries over a one year funding period. Of the 40: 40 will receive advice and support in crisis situations, 25 will undertake our financial literacy training courses ,up to 10 will receive more sustained advocacy support.
Achievable:- The outputs are based on numbers that can be supported using a 7 hour a week post and a volunteer.
Relevant:- Debt Advisory Agencies in Birmingham and Solihull have reported a 30% increase in enquiries in the last 6 months
Time Bound:- A one year funding period will enable us to make a positive impact on the financial literacy of people with mental illness. Due to health matters, family issues etc...we envisage some beneficiaries may need to start and stop their engagement with the project, and re-join our training sessions at a later date. Within a year, we expect to have engaged and supported 40 retired people towards greater financial literacy.
32) What are the project and beneficiary Outcomes?
Outcomes are the changes, benefits, learning or other impacts that happen as a result of services and activities provided.
Beneficiary Outcomes could be quantified by the number or percentage of beneficiaries you anticipate will realise some degree of change, benefit or impact.
Project Outcomes could relate to the impact on other work streams or the organisation’s capacity to provide evidence for future service delivery or upskilling volunteers for example.
- 50 young people to immediately apply their learning in a practical way, as a result people will report self pride and greater confidence about managing money.
- 90% of attendants will be able to manage their food budgets more wisely.
- 70% of people attending will demonstrate improved communication about financial matters.
- Participants on the training course will discuss their learning at home with their families; they are keen to pass on learning.
- 25 participants will report improvement in emotional wellbeing around money and its wider impact;
- 10 Volunteers will report being more confident about helping with financial learning, and be better prepared to deliver services in the future.
- 4 community partner organisations will report improved awareness of the financial needs of people with mental health issues.