Cancer Connections aims to support other healthcare organisations whenever it can. So when the South Tyneside charity started looking for a safe home for its savings, Charity Bank was the obvious choice, as treasurer Jonathan Carroll explains.
Carolyn Sims, Director of Lending at Charity Bank, outlines six key elements which charities and social enterprises wanting to stress-test their business plan and improve their sustainability at a time of uncertainty may wish to consider.
Harrogate Skills 4 Living Centre (HS4LC) provides a range of support and development opportunities for adults with learning disabilities and autism. The charity received a Charity Bank loan to enable it to restructure its finances.
Your money is covered by the Financial Services Compensation Scheme
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.