It is confirmed that there is carry over funding in the Skills for Sustainable Growth and Investing in Skills for Sustainable Growth FAQs document – page 14, 15.1 Train to Gain

http://readingroom.skillsfundingagency.bis.gov.uk/sfa/skills_for_sustainable_growth_and_investing_in_skills_for_sustainable_growth_-_faqs.pdf

Changes to funding eligibility will come into effect on 1 August 2011, but will only apply to new learners. That means learners already in learning [...]

A Functional Skills Q&A document published on 24/09/2010 stated that the functional skills qualifications accredited for use from 1 September 2010 will be accredited onto the NQF (and not the QCF). May be you need the NQF learning aims rather than the QCF aims.

(Page 2, point 3)
http://readingroom.skillsfundingagency.bis.gov.uk/sfa/sfa-functionalsskillsqanda2010.pdf