When the shop and tearoom faced closure, the community united to save what was an important social hub. It is now run for the benefit of the wider community and a Charity Bank loan help the social enterprise buy the premises.
Parchment Trust provides day care services for people with learning and physical disabilities in East Sussex with a person-centred and inclusive approach. A Charity Bank loan assisted the charity to purchase the freehold of one of its sites.
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.