Deadline: 31-May-23
The Lloyds Bank Foundation is excited to announce the Racial Equity Programme for small local charities and community interest companies (CICs) with an income between £25,000 – £500,000 working with people who have faced inequity because of their race or ethnicity.
Your organisation will be led by the communities you serve and alongside providing immediate crisis support, you will work with people over the longer term to help them break free from poverty and achieve their potential.
They are only accepting applications from organisations based outside London. They have committed funding in London in collaboration with other funders through the Propel programme which is a 10-year programme to address inequality in London. This year they will be awarding 40 grants under this programme, which includes grants awarded under the Propel programme.
Funding Information
- Organisations can apply for a three year unrestricted grant of £75,000.
Eligibility Criteria
- In this programme they will fund registered charities, charitable incorporated organisations (CIOs) and community interest companies (CICs).
- Registered Charities and CIOs must:
- Be registered as a charity or a charitable incorporated organisation (CIO) with the Charity Commission. They will ask for your charity registration number at the start of your application.
- Have at least one set of annual accounts showing as ‘received’ on the Charity Commission website, covering a twelve-month operating period.
- Have a Board of at least three unrelated trustees in place, with their names appearing on your Charity Commission records.
- Not make any payments to trustees, except for out-of-pocket expenses.
- Community Interest Companies must:
- Be Limited by Guarantee or Limited by Shares under Schedule 2 and be registered with Companies House. They will ask to see your Articles of Association that show you have an asset lock in place and that you have named the organisation that will receive the company’s assets on dissolution.
- Have at least one set of annual accounts filed with Companies House that show a track record of frontline delivery. You must also have filed your CIC Annual Report CIC34 for the last year. They will ask you to submit your profit and loss account for your last financial year.
- Have at least three unrelated Directors sitting on your Board who are registered with Companies House.
- No Director should hold more than 50% of the company’s voting rights.
- All organisations must:
- Be led by and work for the communities you support. By this they mean that at least 75% of your Directors/Trustees and at least 50% of staff self-identify as people experiencing ethnic or racial inequity.
- Be based and working in England and Wales and outside of London. Most of your organisation’s time and money is spent on activities in England and/or Wales and outside of London and helping people living in England and/or Wales and outside of London.
- Have an annual income of between £25,000 and £500,000 in the last set of published accounts. This is total income and, in the case of consolidated accounts, should cover all entities within those accounts.
- Have a bank account in the name of the organisation with unrelated signatories. If the application is successful, the grant must be paid into this account.
- The majority of people in positions of power (including directors/trustees, the CEO and senior managers) must not be related nor live at the same address. Where there are related parties, they will consider the relationship, conflicts of interest and loyalty, the balance of power of the related directors/trustees, and how this is managed.
- Have a track record of delivering services, for at least one year, to people aged 17 and over. You must currently be delivering these services. If your organisation has recently merged, then this must apply to at least one organisation pre-merger.
- Have a safeguarding policy in place. They will assess your understanding of this policy as well as the approach to safeguarding across your organisation.
- Hold Public Liability Insurance.
- Be an independent organisation. They will look at any formal associations you have with other organisations, parent bodies, or group structures. They will check that the Board or Directors of the applicant organisation has full control over its work and any conflicts of interest.
- Not have a live grant with Lloyds Bank Foundation with more than twelve months to run at the time of the programme closing
Programme Criteria
- You must meet the following criteria to be considered for funding under the Racial Equity Programme.
- Your organisation will be led by and working for the communities you support. By this they mean that at least 75% of your Directors/Trustees and at least 50% of staff self-identify as belonging to the communities you support.
- People with lived experience (the people that your organisation exists to serve) should be at the centre of designing, developing, and managing the services you provide.
- You will be delivering services that help people to address and strengthen their immediate financial circumstances and then support them to achieve their employment/ career aspirations and ambitions.
- You will be delivering culturally appropriate services that are developed in response to community needs.
You must be delivering your services in the following way:
- In-depth services:
- It is likely that your organisation delivers a range of services supporting individuals through a structured pathway over a prolonged period. This could include services to overcome immediate needs such as access to food, accommodation/housing support, welfare and benefits advice and advocacy, debt support, access to healthcare, access to legal and employment rights advice. But it will also lead to longer-term support that helps people learn new skills, build their confidence and support them into employment. This could include the delivery of ESOL classes, digital, finance and life skills training, employment support including CV writing and interview practice, working with employers to provide work placements, providing accredited vocational training or re-training for individuals qualified outside of the UK, supporting people to access training/volunteering/work placements, or providing business/enterprise start-up advice.
- Person-centred services:
- They know that, as a single organisation or service, you can’t be expected to meet all the needs of the people you support; however, you should have trusted relationships with providers or agencies which can help people to overcome the challenges they face and meet their basic needs, (like benefits, training, health care, counselling, domestic abuse services, etc.). When you refer someone for support, you track their progress to ensure their needs are being addressed.
- Personal plans:
- You will work together with the people you support to understand the challenges they may be experiencing and agree on how you will help them to find a way to overcome them. You will keep written or electronic records or case files of each person you are supporting, noting progress against activities. Your organisation should be able to demonstrate the difference you are making through these records.
Ineligible
- They do not provide funding for the following organisations:
- Organisations based in London.
- Organisations that are not charities or community interest companies registered in England and Wales.
- Infrastructure or ‘umbrella’ organisations.
- Organisations whose primary purpose is to give funds to individuals or other organisations. This means organisations use more than 50% of their annual expenditure as grants.
- Organisations working predominantly outside England and Wales.
- Organisations that require people to take part in a religious activity as part of the support provided.
- Hospitals, health authorities, or hospices.
- Rescue services.
- Schools, colleges, or universities.
For more information, visit Lloyds Bank Foundation for England and Wales.