Example Grant Agreement Grant # 1234LHRC: 1. The Purpose of The Project
Example Grant Agreement Grant # 1234LHRC: 1. The Purpose of The Project
Grant # 1234LHRC
The Parties to this agreement are LHRC Mangoland (henceforth “the NGO”) and the Japanese
International Foundation (JIF) (henceforth known as “the Donor”).
4. Banking Facilities
4.1 The NGO will maintain a separate project bank account and shall not use the Donors
funds for any other purpose other than those agreed in the Budget.
6. Procurement
10. Auditing
10.1 The Donor requires independently audited accounts and auditors reports within three
months of the end of the NGO’s financial year, or project year if this is different.
10.2 The annual audited accounts should be signed by the senior representative (a board
member where one exists) of the NGO and include an income and expenditure
statement, a balance sheet, notes to the accounts and the auditor’s report. Where there
are no local accounting standards, accounts should comply with the International
Accounting Standard (IAS) and must be audited in accordance with the International
Standards of Auditing.
10.3 The donor reserves the right to carry out an independent project audit at any time up to
10 years after the date of the date of submission of the final Financial Report.
The Donor must inform the NGO in writing 15 days prior to the commencement of the
audit.
12. Termination
12.1 The Donor may terminate this Agreement by giving the NGO ten days notice in writing
if it is determined that the NGO is not following the Terms and Conditions of this
agreement or if it is deemed necessary by the Donor. The NGO may terminate this
agreement by giving the Donor ten days notice in writing.
12.2 In the event of termination, the Donor reserves the right to take such action as may be
necessary to recover any obligated funds or unauthorised expenditures.
13. Liability
13.1 The Donor does not assume liability for any claims for damages arising out of this
grant.
14. Attachments
14.1 All attachments to the Grant agreement are hereby incorporated as part of the
Agreement.
Attachment A – Budget