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Glossary

Faith Sector

A term used to describe faith-based groups, generally in relation to their involvement in wider community activities and initiatives – voluntary, community and faith sector.

FCR, Full Cost Recovery

Full cost recovery is the principle that organisations - particularly those contracted by government to provide a service - should be able to 'recover' (be paid for) the 'full cost' of providing the service. The full cost i...

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Feasibility study

Funders may want proof - or at least good evidence - that a large project is feasible before investing large sums of money in it. A feasibility study should make clear the conditions under which a project is feasible....

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Finance Hub

One of six ‘hubs’ set up through ChangeUp. The Finance Hub aims to develop financial sustainability in the voluntary and community sector and social enterprise (third sector) within England.

Financial year

For accounting purposes, organisations have a financial year. At the end of the year they produce annual accounts. In the voluntary sector very many organisations have a financial year that runs from 1st April to 31st March...

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FRCC, Federation of Rural Community Councils

A number of (mainly) northern English rural community councils that broke away from ACRE to form their own network.

Free reserves

Reserves are your savings and free reserves are those that your organisation is free to spend on anything it likes. If you have been given a one-off grant to do a particular thing and you haven't spent it all, the mone...

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FSA, Financial Services Authority

Since 2001 the Financial Services Authority has registered 'mutual' organisations: industrial and provident societies, friendly societies, building societies and credit unions.

FunderFinder

Small national (UK) charity that produces software for grant-seekers: GIN for groups wanting to identify charitable trusts and foundations that might fund their work and PIN, which pinpoints trusts and foundations which mig...

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Funding strategy

A way of thinking ahead about the money your organisation needs and how you're going to raise it.

FutureBuilders

FutureBuilders England is a government-backed fund offering support and investment to third sector organisations to deliver public services. It offers a combination of loans, grants and professional support to build the cap...

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