Financial Advisors (IFAs) + Grant Application: The Challenge
As financial advisor, preparing bank statements for grant application is a common but time-consuming task. Grant applications often require evidence of financial health, cash flow, and how previous funding was spent — typically shown through bank statements.
How BankScan AI Helps Financial Advisors (IFAs) with Grant Application
Convert client bank statements to Excel for quick financial analysis, cashflow modelling, and wealth planning presentations. For grant application specifically, BankScan AI extracts Current unrestricted reserves, evidence of matched funding, previous grant expen automatically.
How Financial Advisors (IFAs) Handle Grant Application
When preparing bank statements for grant application, financial advisors (ifas) need to IFAs request bank statements during fact-find meetings to assess client income, expenditure patterns, existing commitments, and savings capacity. They. BankScan AI automates the data extraction step.
Key terms you'll encounter: fact-find, suitability report, attitude to risk, capacity for loss.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 3-12 months, depending on the funder; Arts Council and Innovate UK typically require 3 months, while National Lottery may require a full year of statements for grant application.
AI extracts what you need
Our AI extracts Current unrestricted reserves, evidence of matched funding, — formatted for financial advisors (ifas) workflows.
Complete your grant application work
Download Excel files ready for grant application. Summary of reserves and cash position, with previous grant funds ring-fenced or traceable, demonstrating the organisation can manage public money responsibly
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Financial Advisors (IFAs) — Grant Application
- Built for Financial Advisors (IFAs) — Saves 30-45 minutes per client fact-find on income and expenditure analysis, with annual reviews completed 20-30 minutes faster per client
- Software compatible — Output works directly with Intelliflo, CashCalc, Excel
- Built for Grant Application — Convert your bank statements to clear spreadsheets that demonstrate financial health, spending patterns, and fund usage for grant applications.
- Key data extracted — Current unrestricted reserves, evidence of matched funding, previous grant expenditure trail, operational costs demonstrating going-concern viability
Compliance: Financial Advisors (IFAs) + Grant Application
When financial advisors (ifas) prepare bank statements for grant application, specific compliance requirements apply.
- FCA rules require IFAs to conduct thorough fact-finds and demonstrate suitability of advice. Bank statements form part of the evidence base for suitability reports. Consumer Duty obligations require advisors to demonstrate they understand client financial circumstances. Records must be retained for the FCA's required period.
- Legal basis: Charity Commission CC25 guidance on charity accounts; specific funder terms and conditions governing financial evidence requirements
Grant Application — Built for Financial Advisors (IFAs)
Grant rounds have fixed closing dates; applications without complete financial evidence are typically rejected outright rather than given extensions
Try Free — Financial Advisors (IFAs) + Grant Application