5.Utilization and absorption of funds

12 (2)  A recipient of the funds shall return any unutilized funds disbursed in accordance with these Regulations where—

•(a)   the  purpose  for  which  the  funds  were  disbursed  was  not undertaken;

•(b)  the   purpose   for   which   the   funds   were   disbursed   was undertaken but the funds were not fully utilized; or

•(c)   savings are realized as a result of change in circumstances.