Common use of ANNUAL GRANT REVIEW Clause in Contracts

ANNUAL GRANT REVIEW. ‌ 18.1. The Grant will be reviewed annually and will take into account the Grant Recipient’s delivery (during the Funding Period) of the Funded Activities against the KPIs and/or agreed outputs set out in Annex 5 (Agreed Outputs). As part of the annual review the Authority will have regard to the reports produced by the Grant Recipient in accordance with clause 20.1. 18.2. Each annual review may result in the Authority making a recommendation that: 18.2.1. the Funded Activities and Agreement continue in line with existing plans; 18.2.2. there should be an increase or decrease in the Grant for the subsequent financial year; 18.2.3. the KPIs should be re-defined and agreed; 18.2.4. the Authority should recover unspent or surplus Grant; 18.2.5. the Agreement should be terminated. 18.3. The Grant Recipient may make representations to the Authority regarding any recommendations made in accordance with clause 18.2. The Authority is not however obliged to take such representations into account when making its recommendation and any recommendation will be final and at the Authority’s absolute discretion. 18.4. The Grant Recipient is required to provide the following after the Authority’s financial year has ended (31 March) for any year (1 April - 31 March) in which they receive grant funding: 18.4.1. an unaudited / not independently examined statement of income and expenditure by 30th July; 18.4.2. a signed declaration from the grant recipient Treasurer or equivalent that all expenditure was eligible in line with Annex 4 by 30th July; and 18.4.3. a grant report for which sets out activity achieved against the projects’ aims by 30th July.

ANNUAL GRANT REVIEW. ‌ 18.18.1. The Grant will be reviewed annually and will take into account the Grant Recipient’s delivery (during the Funding Period) of the Funded Activities against the KPIs and/or agreed outputs set out in Annex 5 (Agreed Outputs). As part of the annual review the Authority will have regard to the reports produced by the Grant Recipient in accordance with clause 20.16.1. 18.28.2. Each annual review may result in the Authority making a recommendation that: 18.2.18.2.1. the Funded Activities and Agreement continue in line with existing plans; 18.2.28.2.2. there should be an increase or decrease in the Grant for the subsequent financial year; 18.2.38.2.3. the KPIs should be re-defined and agreed; 18.2.48.2.4. the Authority should recover unspent or surplus Grant; 18.2.58.2.5. the Agreement should be terminated. 18.38.3. The Grant Recipient may make representations to the Authority regarding any recommendations made in accordance with clause 18.2. The 8.2The Authority is not however obliged to take such representations into account when making its recommendation and any recommendation will be final and at the Authority’s absolute discretion. 18.48.4. The Grant Recipient is required to provide the following after the Authority’s financial year has ended (31 March) for any year (1 April - 31 March) in which they receive grant funding: 18.4.18.4.1. an unaudited / not independently examined statement of income and expenditure by 30th JulyApril; 18.4.28.4.2. a signed declaration from the grant recipient Treasurer Finance Director or equivalent that all expenditure was eligible in line with Annex 4 by 30th JulyApril; and 18.4.38.4.3. a grant report for which sets out activity achieved against the projects’ aims by 30th Julyin line with the agreed reporting schedule outlined in Annex 3 (Payment and Reporting Schedule).

ANNUAL GRANT REVIEW. ‌ 18.18.1. The Grant will be reviewed annually and will take into account the Grant Recipient’s delivery (during the Funding Period) of the Funded Activities against the KPIs and/or agreed outputs set out in Annex 5 (Agreed Outputs). As part of the annual review the Authority will have regard to the reports produced by the Grant Recipient in accordance with clause 20.16.1. 18.28.2. Each annual review may result in the Authority making a recommendation that: 18.2.18.2.1. the Funded Activities and Agreement continue in line with existing plans; 18.2.28.2.2. there should be an increase or decrease in the Grant for the subsequent financial year; 18.2.38.2.3. the KPIs should be re-defined and agreed; 18.2.48.2.4. the Authority should recover unspent or surplus Grant; 18.2.58.2.5. the Agreement should be terminated. 18.38.3. The Grant Recipient may make representations to the Authority regarding any recommendations made in accordance with clause 18.2. The 8.2The Authority is not however obliged to take such representations into account when making its recommendation and any recommendation will be final and at the Authority’s absolute discretion. 18.48.4. The Grant Recipient is required to provide the following after the Authority’s financial year has ended (31 March) for any year (1 April - 31 March) in which they receive grant funding: 18.4.18.4.1. an unaudited / not independently examined statement of income and expenditure by 30th JulyApril; 18.4.28.4.2. a signed declaration from the grant recipient Treasurer Finance Director or equivalent that all expenditure was eligible in line with Annex 4 by 30th JulyApril; andand XXX Xxxxx Agreement T & Cs (V3-May 2022) 18.4.38.4.3. a grant report for which sets out activity achieved against the projects’ aims by 30th Julyin line with the agreed reporting schedule outlined in Annex 3 (Payment and Reporting Schedule).

ANNUAL GRANT REVIEW. ‌ 18.1. The Grant will be reviewed annually and will take into account the Grant Recipient’s delivery (during the Funding Period) of the Funded Activities against the KPIs and/or agreed outputs set out in Annex 5 (Agreed Outputs). As part of the annual review the Authority will have regard to the reports produced by the Grant Recipient in accordance with clause 20.1clause20.1. 18.2. Each annual review may result in the Authority making a recommendation that: 18.2.1. the Funded Activities and Agreement continue in line with existing plansexistingplans; 18.2.2. there should be an increase or decrease in the Grant for the subsequent financial year; 18.2.3. the KPIs should be re-defined and agreed; 18.2.4. the Authority should recover unspent or surplus Grant; 18.2.5. the Agreement should be terminated. 18.3. The Grant Recipient may make representations to the Authority regarding any recommendations made in accordance with clause 18.2. The Authority is not however obliged to take such representations into account when making its recommendation and any recommendation will be final and at the Authority’s absolute discretionabsolutediscretion. 18.4. The Grant Recipient is required to provide the following after the Authority’s financial year has ended (31 March) for any year (1 April - 31 March) in which they receive grant fundinggrantfunding: 18.4.1. an unaudited / not independently examined statement of income and expenditure by 30th JulyApril; 18.4.2. a signed declaration from the grant recipient Treasurer or equivalent that all expenditure was eligible in line with Annex 4 by 30th JulyApril; and 18.4.3. a grant report for which sets out activity achieved against the projects’ aims by 30th July31st May.