Postcode Society Trust Round 2 Overview
Round 2 for Postcode Society Trust opened on 27th May at 9am and closed on 3rd June at 12 noon. From Round 2, there were 86 successful groups, with a total funding amount of £1,392,634 distributed. This overview will hopefully give more insight into applying to Postcode Society Trust in the future and will include information from both Round 1 and 2. Please note future funding rounds are not guaranteed to have the same success rate, as this changes with the level of demand of each funding round.
Each application goes through a thorough assessment check, we use an internal scoring guide that is used for application assessment and will consider funding priorities when rounds are oversubscribed.
Overall Numbers
In total, 461 applications were received in Round 2 from organisations applying to Postcode Society Trust. 86 of these were successful, 355 were unsuccessful, 18 were deemed ineligible, and 2 were withdrawn after submission. This produced a success rate of 20% for eligible applications. There was an increase of applications received by the Trust compared to Round 1, where 388 applications were received. The below table outlines numbers for Rounds 1&2.
![Postcode Society Trust Round Numbers](/media/c3whuzwh/postcode-society-trust-round-numbers.png)
Funding Priorities
Our funding priorities are different to our funding themes. More information can be found in our funding guide on this. Postcode Society Trust was heavily oversubscribed with strong applications in Round 2, meaning that our funding priorities were required to help with decision making. The more funding priorities a group meets, the higher chance of receiving funding with a strong application.
Our funding priorities are:
- Funding organisations with an annual income of £250,000 and below
- Funding for communities that rank as being within the top 15% on the English Indices of Deprivation
- Funding for groups that are set up to support people from the following minority/marginalised groups
- Communities experiencing racial inequity
- Disabled people
- LGBT+ people
Due to the level of demand, the 86 successful groups from Round 2 met either two or three of our funding priorities. Groups that met 1 funding priority or did not meet any were unfortunately not able to be funded, even if they had a strong application. Although we were able to support some organisations that met 2 priorities, due to the demand other factors were considered in this funding round that meant not all groups that met 2 priorities were funded.
Please note, the level of demand can change each funding round and the number of priorities required for funding is not a set parameter. Every application received by the Trust will be assessed and considered for funding.
![Postcode Society Trust Funding Priorities (1)](/media/h4lltaij/postcode-society-trust-funding-priorities.png)
Common Eligibility Fails
Out of the 43 applications that were deemed ineligible in Round 1&2, common eligibility issues included:
- The organisation applying are a smaller branch of a charity already funded by a Trust supported by People’s Postcode Lottery.
- The submitted accounts did not meet our standard.
- The organisation was overdue in their reporting to Charities Commission/Companies House.
- The organisation applied for a higher amount than 1/3 of their annual income
Reapplying
Organisations can apply a maximum of twice in one calendar year. If you have any questions, please don’t hesitate to get in touch with the team. You can reach us via email at info@postcodesocietytrust.org.uk