Definitions for "Full cost recovery"
Making sure that all the costs of running a project, group, activity are costed and included in any bid or application. This includes administration and management costs and the costs of time spent negotiating with funders and on monitoring funds we have won/given.
The process by which voluntary groups delivering public services are expected to be able to cover all their costs (including a proportion of Core Costs).
Full costs are the direct costs of your project or service plus a relevant portion of organisational overheads. New Philanthropy Capital have provided a full information resource on full cost recovery to coincide with the joint acevo/New Philanthropy Capital publication of Full Cost Recovery: A guide and toolkit on cost allocation and acevo's Surer Funding. To read more and find out how to calculate full costs use this link. Futurebuilders An innovative, Compact-proofed £125 million government investment fund, backed by the Home Office, but being run by people from the voluntary sector, to boost the sector's public service delivery capacity. Further information can be found at http://www.futurebuilders-england.org.uk