Applications for a new round of sponsorships have been invited from eligible community groups by York and Districts Community Bank.

The applications are for an allocation of sponsorship funds to be made available from July 1 this year for the period July to December 2014. Applications close on April 24 and will be announced before the end of the current financial year.

Chairman of the board of York and Districts Community Financial Services Ltd, Lindsay McNeill, said that despite only limited growth in business due to the current economic situation, the board would keep its promise and continue to return significant funds to the community.

"In the 12 months to June 2014, we will have allocated about $40,000 to community groups. "This included student scholarships worth $4,000 as well as $5,000 to the Men's Shed for solar panels; $4,000 towards about $50,000 needed by the local  CWA branch to hold the state conference in York and $6,000 in an equal partnership with the York Shire to fund medals for the Country Pennants held  over the March long weekend," he said.

"Grants of $2,000 went to The York Society Art and Craft Awards, York YouthCARE towards maintenance of the chaplaincy at the high school and to the tennis club towards a playground at the new recreation centre as well as numerous smaller grants to other groups," Mr McNeill said

"The scholarships went to students from York District High School moving on to an academic course at Northam Senior High, a VET program at WA College of Agriculture - Cunderdin and a student from the district enrolled for the new bachelor of agricultural business management at Muresk Institute," he said.

"In addition to the sponsorship and scholarships, the board was about to pay a dividend of three cents a share to the company's shareholders. This would amount to almost $14,000," Mr McNeill.

ABOVE: One project to receive an allocation of funds from Community Bank grants program is the York Men's Shed for the installation of solar panels.