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 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.