Inventory of the Assets. 17.1 The Grant Recipient shall agree in advance with the TSA any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding five hundred pounds sterling (£500) and must keep a register of all Fixed Assets acquired or improved at a cost exceeding two hundred and fifty pounds sterling (£250), wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets is less than five hundred pounds sterling (£500) authorisation is not required. 17.2 Assets purchased with Grant funding must only be used for delivery of the Funded Activities, unless expressly agreed by the TSA. 17.3 For each entry in the register the following particulars must be shown where appropriate: 17.3.1 date of acquisition or improvement; 17.3.2 description of the Asset; 17.3.3 cost, net of recoverable VAT; 17.3.4 location of the Asset; 17.3.5 serial or identification numbers; 17.3.6 location of the title deeds; 17.3.7 date of any Disposal; 17.3.8 depreciation/amortisation policy applied; 17.3.9 proceeds of any Disposal net of VAT; and 17.3.10 the identity of any person to whom the Asset has been transferred or sold. 17.4 The TSA reserves the right to require the Grant Recipient to maintain the above particulars as set out in 17.3.1 - 17.3.10 for any additional items which the TSA considers material to the overall Grant.
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Inventory of the Assets. 17.1 19.1 The Grant Recipient shall must agree in advance with the TSA Authority’s Grant Manager any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding five hundred pounds sterling (£500) 10,000 and must keep a register of all Fixed Assets acquired or improved at a cost exceeding two hundred and fifty pounds sterling (£250), 10,000 wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets is less than five hundred pounds sterling (£500) 10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register.
17.2 19.2 Assets purchased with Grant funding must only be used for delivery of the Funded Activities, unless expressly agreed by the TSA.
17.3 19.3 For each entry in the register the following particulars must be shown where appropriate:
17.3.1 date 19.3.1 Date of acquisition or improvement;
17.3.2 description 19.3.2 Description of the Asset;
17.3.3 cost19.3.3 Cost, net of recoverable VAT;
17.3.4 location 19.3.4 Location of the Asset;
17.3.5 serial 19.3.5 Serial or identification numbers;
17.3.6 location 19.3.6 Location of the title deeds;
17.3.7 date 19.3.7 Date of any Disposal;
17.3.8 depreciation/19.3.8 Depreciation/ amortisation policy applied;
17.3.9 proceeds 19.3.9 Proceeds of any Disposal net of VAT; and
17.3.10 the 19.3.10 The identity of any person to whom the Asset has been transferred or sold.
17.4 19.4 The TSA Authority reserves the right to require the Grant Recipient to maintain the above particulars as set out in 17.3.1 - 17.3.10 19.4.1-19.4.10 for any additional items which the TSA Authority or the Authority’s Grant Manager considers material to the overall Grant.
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Samples: Grant Funding Agreement
Inventory of the Assets. 17.1 The Grant Recipient shall agree in advance with the TSA any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding five hundred pounds sterling (£500) and must keep a register of all Fixed Assets acquired or improved at a cost exceeding two hundred and fifty pounds sterling (£250), wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets is less than five hundred pounds sterling (£500) authorisation is not requiredrequired but the Asset should be recorded on the fixed asset register.
17.2 Assets purchased with Grant funding must only be used for delivery of the Funded Activities, unless expressly agreed by the TSA.
17.3 For each entry in the register the following particulars must be shown where appropriate:
17.3.1 date of acquisition or improvement;
17.3.2 description of the Asset;
17.3.3 cost, net of recoverable VAT;
17.3.4 location of the Asset;
17.3.5 serial or identification numbers;
17.3.6 location of the title deeds;
17.3.7 date of any Disposal;
17.3.8 depreciation/amortisation policy applied;
17.3.9 proceeds of any Disposal net of VAT; and
17.3.10 the identity of any person to whom the Asset has been transferred or sold.
17.4 The TSA reserves the right to require the Grant Recipient to maintain the above particulars as set out in 17.3.1 - 17.3.10 for any additional items which the TSA considers material to the overall Grant.
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Samples: Grant Funding Agreement
