NATWEST SOCIAL & COMMUNITY CAPITAL

Charity number: 1079626
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The charity aims to help local community groups through, for example, the provision of loans to Social Enterprises, charities, not-for-profit organisations & Responsible Finance providers. Our mission is to create positive change for vulnerable & disadvantaged groups across the United Kingdom through the provision of finance to viable social ventures that have been refused traditional bank lending

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,877,725

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Donations and legacies £1.67m
Charitable activities £131.53k
Other trading activities £0
Investments £75.08k
Other £0

Total expenditure:
£309,877

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Raising funds £0
Charitable activities £309.88k
Other £0

£360,039 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £0
Charitable expenditure £309.88k
Retained for future use £1.57m

People

8 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Economic/community Development/employment
Who the charity helps:
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Provides Other Finance
Where the charity operates:
  • Scotland

Governance

Registration history:
  • 29 February 2000: Standard registration
Organisation type:
Charitable company
Other names:
  • NATWEST SOCIAL & COMMUNITY CAPITAL (Working name)
  • ROYAL BANK OF SCOTLAND SOCIAL & COMMUNITY CAPITAL (Working name)
  • ULSTER BANK SOCIAL & COMMUNITY CAPITAL (Working name)
  • NATWEST COMMUNITY FINANCE FUND - THE WEST MIDLANDS (Previous name)
  • RBS GROUP MICRO FINANCE FUNDS (Previous name)
  • RBS SOCIAL & COMMUNITY CAPITAL (Previous name)
Company number:
03901460 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Internal charity financial controls policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Social media policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Kirsty Lynn Anderson Trustee 03 April 2025
None on record
Anshu Mandal Trustee 01 June 2023
None on record
Joshua Meek Trustee 14 September 2022
None on record
JOHN DIXON Trustee 14 September 2022
None on record
Parita Doshi Trustee 29 March 2022
None on record
Ash Mohammed Trustee 08 September 2021
None on record
Andrew Harrison Trustee 26 June 2020
None on record
BENJAMIN PAUL FRASER SMITH Trustee 25 September 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £375.93k £320.74k £267.83k £245.88k £1.88m
Total expenditure £2.30k £1.68m £346.37k £220.71k £309.88k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A N/A £1.67m
Income - Other trading activities N/A N/A N/A N/A £0
Income - Charitable activities N/A N/A N/A N/A £131.53k
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £75.08k
Income - Other N/A N/A N/A N/A £0
Income - Legacies N/A N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A N/A £309.88k
Expenditure - Raising funds N/A N/A N/A N/A £0
Expenditure - Governance N/A N/A N/A N/A £54.97k
Expenditure - Grants institution N/A N/A N/A N/A £0
Expenditure - Investment management N/A N/A N/A N/A £0
Expenditure - Other N/A N/A N/A N/A £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets N/A N/A N/A N/A £0
Long-term investments N/A N/A N/A N/A £3.32m
Other assets N/A N/A N/A N/A £9.40m
Defined benefit pension scheme asset or liability N/A N/A N/A N/A £0
Total liabilities N/A N/A N/A N/A £8.00k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 04 October 2024 On Time
Accounts and TAR 31 December 2023 04 October 2024 On Time Download Open in new window
Annual return 31 December 2022 24 October 2023 On Time
Accounts and TAR 31 December 2022 24 October 2023 On Time Download Open in new window
Annual return 31 December 2021 20 July 2022 On Time
Accounts and TAR 31 December 2021 20 July 2022 On Time Download Open in new window
Annual return 31 December 2020 20 September 2021 On Time
Accounts and TAR 31 December 2020 20 September 2021 On Time Download Open in new window
Annual return 31 December 2019 20 October 2020 On Time
Accounts and TAR 31 December 2019 20 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 23/12/1999 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 25/09/2008 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 16/08/2012 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 23/10/2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21 JUN 2017 as amended on 21 Dec 2019 as amended on 21 Dec 2020 as amended on 29 Jul 2024

Charitable objects

THE OBJECTS OF THE CHARITY ARE THE GENERAL PURPOSES OF SUCH CHARITABLE BODIES OR FOR SUCH OTHER PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE WITH A PARTICULAR BUT NOT EXCLUSIVE FOCUS ON PROVIDING FLEXIBLE FINANCE AND SUPPORT WITH FUNDING APPLICATIONS. THROUGHOUT ENGLAND, SCOTLAND AND WALES AND SUCH OTHER COUNTRIES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE AS SHALL EXCLUSIVELY CHARITABLE

Area of benefit

The area the charity can operate in, as set out in its governing document.

SHROPSHIRE, HEREFORD AND WORCESTER, WARWICKSHIRE, STAFFORDSHIRE AND THE UNITARY AUTHORITIES OF STOKE-ON-TRENT, WOLVERHAMPTON, WASALL, SANDWELL, DUDLEY, BIRMINGHAM, SOLIHULL.

Contact information

Address:
250 BISHOPSGATE
LONDON
EC2M 4AA
Phone:
02076721411
Email:
natwestscc@natwest.co.uk
Website:

www.natwest.co.uk/scc Open in new window