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Getting it Built Where does the money come from 29 /11/2013

Getting it Built Where does the money come from 29 /11/2013. Carolyn Sims Head of Banking. What is Charity Bank?. A Bank that has a social mission Our mission is to transform the future of charities and social businesses. How we achieve our mission.

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Getting it Built Where does the money come from 29 /11/2013

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  1. Getting it BuiltWhere does the money come from 29/11/2013 Carolyn Sims Head of Banking

  2. What is Charity Bank? • A Bank that has a social mission • Our mission is to transform the future of charities and social businesses

  3. How we achieve our mission • We provide affordable loan finance to charitable organisations that might not be able to borrow elsewhere • Our work is funded by individuals and organisations that use their savings as a positive source for change. • Every pound deposited is used to provide loans to charities, social enterprises and voluntary organisations. • We work with partners to create alternative funding solutions

  4. Charity Bank’s impact to date • £73+ million the amount of money that has been placed with or invested in Charity Bank. • £170,000,000+ the amount committed to 1000+ charities, churches, and social enterprises to date. • In 2012/13 23% of our loans were to organisations that provided homes. • £160million of additional funding has been unlocked as a result of our funding.

  5. What is Social Finance? • Investment with different objectives • It has philanthropic goals • It requires a blended return • It requires repayment • Is it higher risk?

  6. Key information • Background information on the Trustees and Management team • Business Plan – 3 years forward • Risk Analysis, including contingency planning • Past 3 years annual accounts & annual reports • Financial projections • Social Impact information

  7. Assessing requests • Nature of the project • Who benefits – the Social Impact • Ability to repay the investment • Quality of the applicant/key staff/governance

  8. Charity Bank loan finance • 6 months to 25 years • £50,000 up to £2m + • Secured or unsecured • Secured on property or other assets: maximum loan amount is 70% of the value of the property • Rates vary depending on nature and size of transaction • Arrangement fee 1% • No early repayment penalties unless…

  9. Useful links • www.knowhownonprofit.org • www.communitylandtrusts.org.uk • www.locality.org.uk • www.communitylandadvice.org.uk

  10. Further information Carolyn Sims Head of Banking csims@charitybank.org 07795 485541 www.charitybank.org

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