Postcode Society Trust Round 3 Overview

Round 3 for Postcode Society Trust opened on 26th August at 9am and closed on 2nd September at 12 noon. From Round 3, there were 79 successful groups, with a total funding amount of £1,373,555 distributed. This overview will hopefully provide insight into 2024 as a whole for Postcode Society Trust, and will include information from Round 1, 2 and 3. 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, 462 applications were received in Round 3 from organisations applying to Postcode Society Trust. 79 of these were successful, 359 were unsuccessful, 23 were deemed ineligible, and 1 was withdrawn after submission. This produced a success rate of 18% for eligible applications. This round saw the highest level of demand for Postcode Local Trust this year. The below table outlines numbers for Rounds 1, 2 and 3.

Postcode Society Trust Round Numbers (1)
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 3, 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 79 successful groups from Round 3 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 Funded Organisations
Common Eligibility Fails

Of the applications that were deemed ineligible this year, 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
  • The organisation applying was a schedule 3 CIC
Reapplying

Funding rounds have now closed for 2024. The next chance to apply for funding will be in 2025. Full information on our 2025 funding rounds will be published on our website by the beginning of February 2025. If you have any questions you can contact us via email at  info@postcodesocietytrust.org.uk