Charity Bank Impact Awards 2014 honours three high impact charities

By Jun 20, 2014

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Charity Bank has recognised three of its borrowers in its annual Impact Awards. The awards were open to all current Charity Bank borrowers and comprised three categories: greatest impact, most innovative use of loan finance, and best community initiative.

The award winners are:

Emmaus Brighton and Hove, winner of the award for Greatest Impact. For the organisation most able to demonstrate that it is achieving profound, life-enhancing and enduring change for those with whom they work. Emmaus Brighton and Hove is a charity that offers volunteer work and accommodation to the formerly homeless, took out a loan to help establish a new Emmaus community in Hastings and Rother. The new site employs three permanent staff members and offers accommodation and volunteer work to homeless and unemployed people through furniture recycling. (www.emmaus.org.uk)

Folkestone Sports Centre Trust, winner of the award for the Most Innovative Use of Loan Finance. For the organisation using loan finance in the most imaginative way to transform the way it operates. Folkestone Sports Centre Trust provides affordable sport and leisure activities to local people and works with disadvantaged youths, cardio patients and various community groups, borrowed to help refurbish the centre. (www.folkestonesportscentre.co.uk)

Valley CIDS, winner of the award for the Best Community Initiative for its Blend Youth Project. For the organisation whose project demonstrates the most impressive community involvement which is for and of the community. Valley CIDS is a charity based in Derbyshire that serves children, young people and families through outreach work in schools and the wider community. Its work is funded by income from its charity shops and café. The charity took out a loan to pay for the opening of six more charity shops. (www.valleycids.co.uk and www.blendyouthproject.co.uk)

Charity Bank Chief Executive, Patrick Crawford says, “Charity Bank exists to lend money to social sector organisations so that they can increase the positive impact they have on society. Because it is a condition of our loan finance that borrowers demonstrate social purpose and impact, the competition for the Charity Bank Impact Awards is intense.

“All our borrowers were invited to apply earlier this year, as they all bring benefits to the communities and people they support. These awards are a celebration of our borrowers and their work of improving and enriching society. Our three winners have been outstanding and thoroughly deserve these accolades.”

The Awards were open to any current Charity Bank borrower, of any size, and in any sector, and were judged by Jonathon Porritt, Sir Stuart Etherington (Chief Executive of NCVO), Carolyn Sims (Head of Banking, Charity Bank); and Mary Locke (Impact Manager, Charity Bank). The winners were presented with a personalised award plaque designed by one of Charity Bank’s savers, Cory Reid.

Jonathon Porritt, co-founder of Forum for the Future, an eminent writer, broadcaster and commentator on sustainable development, and one of the judges, says, “I loved the opportunity to judge this year’s Charity Bank annual Impact Awards. This was all about capitalism as it will need to be. Capitalism that recognises the contribution of social and human capital. Charity Bank uses financial capital to build social capital."