Ruby’s Fund was given an ultimatum by its landlord – buy the property you’re renting or move out. The charity couldn’t afford the purchase price, couldn’t find another property, and couldn’t find a high-street bank willing to offer a loan.
On 17 March 2020, Foresight's new housing development was subject to an arson attack. Three days later the first lockdown was announced. With support from Charity Bank, the charity has overcome these difficulties and is feeling excited for the future again.
When COVID-19 hit, the Royal Society for Blind Children (RSBC) feared it would have to drastically cut back services. Instead, with some hard work and a loan of £250,000 it has been able to adapt to online delivery and increase reach by 40%.
Over the last 23 years, Transforming Lives for Good (TLG) has grown from a local youth centre to a national charity. Thousands more children can now gain qualifications, enjoy nutritious food and work towards a brighter future.
When COVID-19 hit, Hope Church feared its new community centre refurbishment would be stalled significantly. But with the help of Charity Bank, a loan and grant from the Resilience and Recovery Loan Fund has meant the centre was able to open sooner than hoped.
DENS provides a wide range of services to support those facing homelessness, poverty, and social exclusion. We had the pleasure of visiting DENS to learn more about one of their social enterprises: The Bike Project.
One of Central YMCA’s main income streams was ravaged by the pandemic. Rather than draining its reserves, Central YMCA is using a £4m loan from Charity Bank to support its recovery. Kieran Connolly, Chief Resources Officer at Central YMCA, explains why.
Your eligible deposits with Charity Bank are currently protected up to a maximum of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Total balances above £85,000 are not protected.
For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000).
Deposits from large companies and small local authorities are covered by the FSCS deposit protection from 30 January 2017 up to a maximum of £85,000.
Visit the FSCS website for more information or call the FSCS on 0800 678 1100 or 0207 741 4100.