The European Youth Programme is probably No.1 Source to finance youth related activities – basically it a sponsorship by the European Commission you apply with your NGO to. If you fulfill their criteria in regard to the programme aims you to receive a grant for a youth seminar, conference, training or e.g. exchange.

Have a look at the ISCA Youth Webpage to get an impression on that – they are applying it to a large variety of activities: http://www.isca-web.org/english/youth
Currently there is a call for sports people from the Balkan Countries for December - http://www.isca-web.org/english/events/balkanmeetseast

(espacially good if you want to learn something about grassroot sports / sport for all as a method to forster intercultural understanding, exchange and collaboration.

But back to the EU: They public consultation in the programme aims for the next period just launced – find the call here and give it a chance to make policy:

http://ec.europa.eu/dgs/education_culture/consult/yia_en.html

BTW current programme priorietes can be read as the following:

Youth in Action programme
Youth in Action
Mobilising the potential of young Europeans

On 15 November 2006, the European Parliament and the Council adopted Decision No 1719/2006 /EC, which establishes the Youth in Action Programme for the period 2007 to 2013. This document is the legal basis of the Programme for its entire duration.

Youth in Action is the EU Programme for young people aged 15-28 (in some cases 13-30). It aims to inspire a sense of active citizenship, solidarity and tolerance among young Europeans and to involve them in shaping the Union’s future.

Youth in Action is a programme for all! It promotes mobility within and beyond the EU borders, non-formal learning and intercultural dialogue, and encourages the inclusion of all young people, regardless of their educational, social and cultural background.

Youth in Action is the successor of the YOUTH Programme (2000-2006). Building on the experience of the previous programmes for youth, Youth in Action is the result of a large consultation with the different stakeholders in the youth field and aims to respond to the evolutions and needs of young people at European level.

With a total budget of 885 million euros for seven years (2007-2013), the Programme supports a large variety of activities for young people and youth workers through five Actions.

via http://ec.europa.eu/youth/youth-in-action-programme/doc74_en.htm