Can somebody in the charity sector please remind me of the two types of funding?

[Hellokittymania]

I can’t remember the name right now but there’s a kind that covers all expenses, so even stuff costs etc., like it’s there and you use it how you need to. And the other kind is where it’s for a certain purpose. There’s a name for them both and I can’t remember it.

Restricted and non-restricted

Restricted and unrestricted?

Restricted is for specific projects and you'd have to report back quite strictly to the funders to show where their money is going. Non-restricted is more like your direct debits etc which can happily be spent on tea budgets or whatever they fancy.

You can use restricted funding for staff costs and many other costs if they are directly related to the terms of the funding. Eg you are an educational charity and a grant finder gives you £100,000 to do a project with refugees - obviously you have to spend that money on an educational project with refugees and not, say, settled British people, but you may have lots of different kinds of expenditure within the refugee project.

OK, thank you. I think there was another word I had Heard it being used and I just cannot remember it.

Core funding?

Yes, I think it was that! Thank you