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Due Diligence Requirements for DCMS Youth Investment Fund

The DCMS Youth Investment Fund is now closed for new applications.

The DCMS Youth Investment Fund – Phase one had a limited budget. Due to significant demand we have now closed applications to the fund early, as we indicated we may do. This fund did not have a fixed application window, with applications being assessed on a rolling basis as received.

You will be unable to start a new application form. If you have started an application, but not yet submitted it, please log into your online account. You will find your draft application at the bottom of the Applications page.

 

These are the due diligence requirements that an organisation must meet to be eligible for funding through the DCMS Youth Investment Fund. 

Applications that meet these requirements will be assessed. In order to be eligible for a grant, an application must meet additional criteria. You can find a full list of the DCMS Youth Investment Fund policies here.

Governance

  • Organisation must be either:
    • Charities registered with the Charities Commission
    • Not-for-profit companies (including CICs) registered with Companies House
    • Schools (where they provide activities outside of school hours and additional to the curriculum)
    • Local Authorities (where they provide youth services)
    • Uniformed organisations
    • Exempt charities
    • Sports clubs
  • Governing documents clearly state:
    • Organisation is not for profit, or has a clear clause in its governing document ensuring all income is applied to the organisation’s purposes and not distributed to members, shareholders or owners.
    • Dissolution clause/asset lock in place requiring assets are distributed to a not for profit organisation with similar charitable aims in the instance of closure
    • CICs must have an asset lock and must name the selected organisation which funds will be distributed to.
  • Payment of members of the Governing Body:
    • must be detailed in a formal written agreement
    • for registered charities this must be in the governing document or other document agreed by the Charity Commission or Courts
    • for CICs this must be clearly detailed in the governing document
  • If there are related members of the Governing Body (i.e. Trustees or Directors) there must always be an independent member and processes in place to safeguard financial transactions and to avoid conflict of interest.

Safeguarding

  • Organisations must:
    • Have a safeguarding policy in the applicant organisation’s own name.
      • Safeguarding Children policy includes clear steps to take in the event of an incident or disclosure, including who to inform and how to contact them
      • Have a Safeguarding Vulnerable Adults policy if working with young people over the age of 18
    • Provide safeguarding training for all staff, volunteers, who have face-to-face contact with Children and Young people:
      • Training must be appropriate to the nature of work that the organisation delivers for children and young people
      • Training must be refreshed regularly
      • Training should cover both safeguarding best practice and a briefing on the organisation’s safeguarding policies and procedures
    • Ensure that all people working with children are subject to Disclosure & Barring Service checks. This includes all staff, management committee, trustees or volunteers who have direct access to children.
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