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The Charity Commission for Northern Ireland
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Ulster Community Investment Trust Limited

  • Status

    Received: on time

  • Income

    £2.0M

  • Spending

    £1.6M

Charity no. 100325 Date registered. 27/11/2014

Public benefits

The Trustees believe that the Trust’s purpose of Community Development satisfies both elements of the public benefit requirement. The direct benefits which flow from this purpose include: • increased employment opportunities in communities through the financing of education and training, and workspaces and buildings; • better access to and

quality of housing; • improved access to and quality of public amenities, and recreational facilities; • better protection and conservation of the environment; and • improved provision of public health facilities and childcare. These benefits are evidenced through feedback from our clients and are detailed in our annual report. There is no harm flowing from this purpose. The charity’s beneficiaries are the general public, particularly those living in areas of high deprivation and disadvantage. The only private benefit flowing from this purpose may be the benefit to trustees from training in good governance, finance etc. Through this training trustees gain skills and experience which are transferrable to other settings. These benefits are incidental and necessary to ensure the benefit is provided to our beneficiaries.

What your organisation does

Ulster Community Investment Trust Ltd (UCIT) was incorporated in 1999 as an Industrial and Provident Society, a ‘not-for-profit’ commercial structure, where all earnings generated by the Trust are re-invested in pursuit of the organisation’s mission and to ensure best value for the social economy and wider community sector, rather than to provide a

financial return to individual shareholders. UCIT provides community organisations, charities and social enterprises with access to affordable and flexible loans. These loans are available for many purposes including bridging funding gaps, working capital, purchasing equipment and property, restructuring existing debt and match funding. Eligible projects include childcare projects, environmental initiatives, faith-based projects, rural development projects, tourism initiatives, housing associations, sports clubs and community transport schemes. UCIT has also been pro-active in seeking other sources of capital to support its clients. During 2012, the Trust applied successfully to the Financial Conduct Authority for approval of its subsidiary, Ulster Community Investment Plc (UCI). Regulation enables UCI to establish and operate new funds, as an FCA regulated ‘Fund Manager’. Since achieving authorisation, UCI has been successful in securing the contract from Invest Northern Ireland to manage a £5m loan fund for start-up and existing small businesses - the NI Small Business Loan Fund.

The charity’s classifications

  • The advancement of citizenship or community development

Who the charity helps

  • General public
  • Voluntary and community sector

How the charity works

  • Advice/advocacy/information
  • Community enterprise
  • Economic development

This display is a broad summary of the charity’s financial information. For a full understanding of the charity’s finances, the reader should view the PDF accounts and reports under the Documents tab above.

Income

£2.0M

Spending

£1.6M

Charity accounts & reports for financial year end 31 December 2023

Independent examiners report Charity accounts Trustee annual report

Charity accounts & reports for financial year end 31 December 2022

Independent examiners report Charity accounts Trustee annual report

Charity accounts & reports for financial year end 31 December 2021

Independent examiners report Charity accounts Trustee annual report

Charitable purposes

3. The objects of the Society are the promotion for the public benefit of urban and rural regeneration in areas of social and economic deprivation (and in particular in Northern Ireland and the Republic of Ireland) through the provision of financial and other assistance to organisations which are involved in regeneration work including those which perform all or any of the following activities: - 3.1 The relief of poverty 3.2 The relief of unemployment 3.3 The advancement of education, training or retraining particularly among unemployed people, and providing the unemployed with work experience 3.4 The provision of financial assistance, technical assistance or business advice or consultancy in order to provide training, employment and opportunities for self employment for unemployed people in cases of financial or other charitable need through help: (i) in setting up their own business or (ii) to existing business 3.5 The creation of training and employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms 3.6 The provision of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or other bodies of a statutory duty to provide or improve housing 3.7 The maintenance, improvement or provision of public amenities 3.8 The provision or assistance in the provision of recreational facilities for the public at large and/or those who by reason of their youth, age, infirmity or disablement, poverty or social circumstances have need of such facilities 3.9 The protection of conservation of the environment 3.10 The provision of public health facilities and childcare 3.11 The promotion of public safety and prevention of crime 3.12 The support of any charities or charitable purposes as the Trustees in their absolute discretion see fit

Governing document

Memorandum and Articles

Other name

Community Finance Ireland
  • 14 Trustees
  • 16 Employees
  • 0 Volunteers

Contact details

Public address

  • Ulster Community Investment Trust L, 6Th Floor, Glengall Exchange, 3 Glengall Street, Belfast, Co Antrim, BT12 5AB

Trustee board

Trustee
Mr Ian Mcavoy
Mr Martin Stroud
Mr Anthony Barbour
Mrs Catherine Blackbourne
Seamus O'prey
Siobhain Bunni
John Evoy
Amanda Zahringer
Mr Gerry Kelly
Mr Mark Glinwood
Mr Padraic Vallely
Marianne Roux
Mairead Maher
Katie Mooney

List of regions

  • In Northern Ireland
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