News
Investment of £2.75m in Charity Bank to reach underfunded charities and social enterprises
Charity Bank, the loans and savings bank for positive social change, today announced that Access – The Foundation for Social Investment has committed to invest £2.75m in the bank as part of their Flexible Finance for the Recovery programme.
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Can a charity borrow money from a bank?
Can my charity borrow money from a bank? Is borrowing possible for a charity? Does a charity need express power to borrow? We go through the first things to consider when a charity is thinking about taking out a loan.
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“Without this loan, we couldn’t have extended our church”
“When a property is owned by a charity, loan providers aren’t interested.” Custodial trustee Milton Rodosthenous explains why a Charity Bank loan was so important to The Twelve Apostles church.
Stories
The Twelve Apostles: Welcoming Orthodox Christians to church
The Twelve Apostles is a Greek Orthodox church in Hertfordshire. The church’s congregation has grown significantly in recent years, as has demand for its food bank. So, the church is being extended with the help of a Charity Bank loan.
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“Other banks wouldn’t lend to us without personal guarantees”
“Banks says they want to support non-profits, but they won’t lend us money. Thankfully, Charity Bank and Big Issue Invest have been brilliant.” Read our interview with Ann Martin, CEO of Birmingham Supported Living 2010.
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Birmingham Supported Living 2010
Birmingham Supported Living 2010 is using its loan to transform an old hotel into supported accommodation. Read more…
News
Charity Bank Reinvests Profit to Reach Underfunded Charities
The bank achieved a record financial result, with a significant profit of £2.7m. Charity Bank will reinvest 100% of its 2022 profit to further its mission and extend its reach to underfunded charities and social enterprises.
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“Our church is a legacy to pass to the next generation”
After over 20 years of renting, Elpis Ministries has finally bought its own church premises. It couldn’t have done so without the help of a £1.27 million loan from Charity Bank. Pastor Victor Darteh tells us more.
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Elpis Ministries: “We finally have our own home”
“Our community programmes currently reach around 50 people a month. I think we can double or even triple that in our new property.”