Deadline: 29-May-25
The Lloyds Bank Foundation has launched the Racial Equity Programme for small local charities and CICs which are led by and working with people who are experiencing economic inequity because of their race or ethnicity.
Under this programme they will support charities to strengthen their capacity and capabilities and become more resilient through a range of tailored development support.
Funding Information
- Under this programme, successful applicants will receive a grant of £75,000 over three years (£25,000 per year), along with a breadth of tailored support aimed at helping strengthen charities and building the knowledge, skills and capabilities of their staff and trustees.
Guiding Principles
- The guiding principles for providing development support
- There is no single model of good practice to which they want those they partner with to conform.
- Leadership commitment and engagement are requirements for charities to access development support
- The charity partners have full ownership of their development agenda and journey. The role is to listen to what they are already good at and what’s going well and build on that.
- All organisations they partner with can receive ongoing development support throughout the life of the relationship.
- They support charities they partner with to identify and prioritise their development needs, at their own pace, to tackle the things that matter most to them.
- They understand that organisational development is not a linear process; that needs change over time, as those they support, and the context in which they work, also change.
- The approach is grounded in continuous conversations throughout the relationship, building trust and working through challenges together along the way.
- Development support is at the heart of the offer, but the support charities take up doesn’t need to be limited to the offerings. Charities will likely access support from a range of other sources throughout and beyond the engagement.
Eligibility Criteria
- To be eligible to apply for a grant from them, your charity, charitable incorporated organisation (CIO) or community interest companies (CIC) must meet the relevant criteria below:
- Registered Charities and CIOs must:
- Be registered as a charity or a charitable incorporated organisation (CIO) with the Charity Commission or the Index for Charities registered in the Isle of Man. 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. If you are based in the Isle of Man, they will ask you to submit your latest set of accounts.
- Have a Board of at least three trustees in place who are not related to other Board members and have their names appearing on your Charity Commission records.
- Community Interest Companies must:
- Be Limited by Guarantee or Limited by Shares under Schedule 2 and be registered with Companies House. They will review 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. If there is no named organisation, this will need to be in place before your application can progress to full assessment.
- 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 latest 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. Have significant control or have the sole right to remove other Directors.
- All organisations must:
- Be based and working in England and Wales 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.
- Registered Charities and CIOs must:
For more information, visit Lloyds Bank Foundation.