Here is how to apply for Lotto funding

29 June 2009 - 02:00
By unknown

THE National Lotteries Board adverts are placed in 12 newspapers, with five African language radio stations, the Lotto show and NLB website, said Sershan Naidoo, spokesperson for the NLB.

THE National Lotteries Board adverts are placed in 12 newspapers, with five African language radio stations, the Lotto show and NLB website, said Sershan Naidoo, spokesperson for the NLB.

l Applicants usually have two months to return the forms.

Among the documents needed are:

- a business plan or proposal with a costed budget,

- constitution or articles of association or deed of trust,

- signed audited financial statements of the two recent years,

- certified copy of the organisation's registration certificate, and

- a certified copy of the main contact person's ID.

l Applications are then processed and adjudicated.

l Applications go to an oversight committee to ensure consistent decisions.

l Successful applicants receive a grant agreement.

l The agreement and the letter advising the applicant of the successful decision have to be signed by the applicant and returned with any other information needed.

l The agreement is then verified by the legal team.

l Applicants must submit a progress report to show how the previous money was used, for the next payment to be made.

l The report is read and presented to the relevant distributing agent for approval, after which payment is processed.

l Unsuccessful applicants are advised of the reasons for not receiving grants.

l The whole funding process takes one year and two months to unfold.

l Applications are processed on a first come, first serve basis, so it's important to apply early.