“St George’s Crypt has a long history. It was started in 1930 by the vicar at the time in response to the extent of homelessness in the area. He converted the crypt into a classic bed and soup refuge, which continued to welcome people in this way, offering a night’s shelter and food, for many years.

“In 2010 we began to undergo some significant changes and development. We became a 24/7 shelter with 15 independent bedrooms available to offer emergency accommodation and support. We developed a training and engagement programme alongside this to improve people’s health, wellbeing and life and employment skills. Our objective is to initiate real change and stop the revolving door of homelessness.

“There are many possible contributing factors to homelessness and addiction is one we see time and time again, especially amongst men. In response to this, we developed an addiction recovery programme, Growing Rooms, to provide people with the support and tools they need to break addiction and re-enter society. While the structured 5-day programme was very successful, we recognised that being able to also offer the men safe, stable accommodation would greatly increase their chances of recovery.

“We started with one four-bed property, which provides a clean, supportive environment for the men to return to each day. It proved a powerful and successful set-up and we decided to develop a second dedicated recovery home, for which we required the support of loan funding.

“We looked at several lenders but chose Charity Bank because of its understanding of the charity world and the needs of charities like ours. Whereas mainstream banks are often quite conservative and can have unreasonable demands, Charity Bank takes a view of the charity as a whole.

“People who choose to save with an ethical lender for greater social good rather than simply financial return are leaving a positive legacy for future generations. Not only this, but they’re making a real difference to people right now. The men who live in the property we purchased with help from a Charity Bank loan are being given a chance to turn their lives around. This is all thanks to the people who save and invest with Charity Bank.”

St George's Crypt is just one of 38 Follow the Money visits. Explore further Follow the Money visits and see how Charity Bank savers' money is used for good.

See the previous Follow the Money visit – Harrogate Skills 4 Living Centre, and our next visit - Foresight North East Lincolnshire.

About Charity Bank

Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1000 loans totalling over £350m to housing, education, social care, community and other social purpose organisations.

Find out more about us here.

Nothing in this article constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued.

Last reviewed: 04/01/2022