Applications involving research on people and/or human tissues must be approved by an ethics committee.
The Foundation monitors its research projects through annual review meetings, and the trustees may appoint an external assessor to advise on project progress. Grants are not made to the general funds of other charities, or directly to individuals, or to projects based outside the UK (although projects may entail collection of data in other countries).
Project grant costs
The Colt Foundation will only support the directly incurred costs of research and do not pay indirect or directly allocated costs, these are primarily the responsibility of the university. As universities cost research according to full economic cost (FEC). This identifies directly incurred costs, directly allocated costs and indirect costs.
Acceptable
Directly incurred costs
The direct costs of research include:
- Research staff (eg research assistant salaries, junior researchers at postdoctoral level). If we are paying the salaries of staff working part-time we would require confirmation that their total FTE doesn’t exceed 100% (eg if a researcher is already employed on a 75% contract, the maximum we would pay under a grant would be 25% FTE)
- Consumables and other costs directly attributable to the project
- Cost of equipment specific to the needs of the project
- Travel and subsistence.
Not acceptable
Directly allocated costs
These are shared costs based on estimates and do not represent actual costs on a project-by-project basis. They may include:
- Research investigators: the proportion of time spent by the principal investigator and co-investigators on a research project.
- The cost of shared resources such as clerical and administrative staff, nurses, lab technicians, supervisors and collaborators who are already employed. Equipment not specific to the research such as lab supplies and equipment is classed as directly allocated costs
- Estates: the space used by researchers.
Indirect costs
These costs are necessary for underpinning research but cannot be allocated to individual projects. They usually cover computing and information support, central services, general maintenance, lighting, heating and other infrastructure costs.