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Tel: 020 7061 6238

Email:

02/08 Clothes Swap & Donation Event in partnership with Dress for Success

The item that you donate will help unemployed women to make a good impression on their job interview. The fee per participant is £5. The funds raised will be entirely allocated to give micro grants to local communities groups across London.

Juno 134-135 Shoreditch High Street, London, E1 6JE. Happy Hour follows immediately after the event. 

17/07 Facebook winner and new prize draw announced

Watch who won our Yo Sushi voucher. If you and 3 friends join us on Facebook here you could win a £100 TopShop/Top Man voucher.

Homepage: video

09/07 Micro Grant Fund Opens & Yo Sushi Voucher Up For Grabs

For an application form, click here.

Click to join our Facebook group. And you might win £50 worth of Yo Sushi vouchers.

19/06/09 Community Money Survey

Please take 2 minutes to help us to grow and improve the Community Lottery by clicking here.

17/06/09 ATD Fourth World Receives Community Lottery Grant

In our last online vote more than 800 people voted, and close to 40% voted for the grant to go to ATD Fourth World. The grant will be used to organise a seaside trip. We hope to get more details of the day soon.

20/05/09 Community Money Seeking an Online Marketing Intern

Community Money CIC is a social enterprise and micro finance organisation. We provide money and debt advice, micro grants and loans to financially excluded individuals, community groups and businesses. Grants and loans are made available from the proceeds of the weekly non-profit Community Lottery and community raffles we organize.

We need a dedicated person to develop and implement our online marketing strategy. We are looking for graduates or undergraduates with a fire in their belly, who want to work for an organisation where your passion and drive will make you indispensable to our company, and turn this 3 month internship / placement turn into an ongoing paid position.

This will be an active hands-on role with real responsibility from the start working closely with the founding director. You will understand the web and social media and its tools and how you can leverage it to achieve our goal of significantly increasing traffic to our website and sign up to our lottery.

More detail on the role:
• Position is full-time but we will consider part-time;
• We ask for a 3 month commitment;
• You thrive on minimal supervision and taking the initiative; are entrepreneurial and fun to work with; interested in working for a business with both commercial and social objectives; with the ability to work in an unstructured but goal-oriented environment;
• You can work flexible hours, including partially from home and partially from our centrally located EC1 office as a key member of a small team;
• You will have the opportunity to represent the company at a number of events we will be attending to promote the company and to do plenty of networking as a representative of the company at various (social enterprise) networking events across London;
• We will pay for expenses including travel and lunch and with the occasional bonus shopping voucher thrown in.

Take a look at our website and apply via email to with your CV no later than (but including) Wednesday the 27th of May and instead of a covering letter write us a short statement of no more than a few paragraphs about who you are and a simple proposal for an online marketing strategy including clear outputs.

We will conduct interviews in the week of June 1st and would welcome an immediate start.

06/05/09 UK Microfinance - Changing Lives In The UK Too

More than 50 people, including donors, journalists and industry experts, heard presentations by micro finance institutions from across the country, including Bradford Enterprise Fund, HBV - Hackney Business Ventures, Foundation East, Fredericks Foundation, StreetCred and Weetu. 

Micro Finance - Changing Lives in the UK Too

Wednesday 6 May 2009 2-5pm
MWB Business Exchange, 10 Greycoat Place, London SW1P 1SB

28/04/09 Community Money organises official UK Aware 09 Eco Prize Draw

We fundraised £1399 - the proceeds will be split between the RSPB, the official partner charity of UK Aware, and the Community Money Micro Grant Fund.

The winners were:

White 83 - Conrad Vermeulen from West London -
Won a lemon tree from Tree To My Door and a DAB radio from Passion for the Planet.

Green 43 - Shelly McPhee from London -
Won a bespoke reclaimed chair from Junkyard Chic and a beautiful throw from Mossberry.

Pink 8 - Richard and Sue Pinsent from Soudley in Shropshire -
Won a big eco hamper donated by EcoSwitch, an outdoor light from Firewinder and a compost bin from Garden Viz.

Pink 162 and Pink 201, belonging to Paul Temple from Basingstoke and Dr. David Stevens from Calne in Wiltshire respectively,

Each won a goody bag selection with prizes donated by EVStores, Natural Empathy, People’s Trust for Endangered Species, Little Cherry, Book of Rubbish, Cycle 2 Job, Footprints, Green Clean, Incognito, Mule Bar energy bars, Onya Bags, Npower, Ecosoapia, Healthy Planet, Irashai Services , Nether Wallop Trading, Green Oil, One Green Earth, Energy Savings Trust, Susu organic, Zipee bikes, Eco hip, Eco-eye and Inside Out publications.

09/04/09 Micro Grant Winner Announced

ATD Fourth World won the vote with 332 votes cast, narrowly taking the lead from Johanna Primary School. Congratulations to ATD Fourth World, and commiserations to the other finalists. ATD Fourth World work with some of the poorest Londoners. They will be organising a trip to the Southend seaside for a group of their clients. 

02/04/09 Mr. Shoesting Update

Our shortlisted candidates are now live. Please click here to vote. Voting now closed.

We interviewed the coaches and young players of the St. Mary’s Path Estate Tenants’ Association After School Football Project, a recent recipient of a Community Lottery Micro Grant. They were set up in 2002 to tackle ongoing anti social behaviour. Find out how this project makes a difference.

Johanna Primary School (SE1)

Food For Thought (E8)

Jump 2K (SE4)

Middlesex New Synagogue (HA1)

Genna Ethiopian Arts & Theatre (EC1)

ATD Fourth World (SE5)

17/07 John Moore, Winner of our Yo Sushi voucher

John Moore wins our £50 Yo Sushi Voucher for signing up to our Facebook page.

Soheila Keyani (120)

19/03/09 Mr. Shoestring Update

The next micro grant round is now open for small community based organisations. The grants are made possible through the proceeds of the Community Lottery. Sign up to the weekly £1 lottery here. You will be entered into our weekly prize draw and will make a difference in the lives of local people, such as the grant to pay for Christmas lunch for a hostel in Croydon.

If you would like to apply or refer someone than you download the application form here.

Mr. Shoestring

My name is Puck Markham and I am the founding director of Community Money, a social enterprise start up based in London dedicated to tackling poverty around the corner. We do this through the non-profit Community Lottery, the proceeds of which fund our micro grants programme; and through money and debt advice projects across London.

Community Money is a small organisation and as with any small start up, especially one with social objectives, a lot is done on a shoestring. This can be a challenge but also very rewarding especially if one considers the high levels of poverty in London and around the country.

We have made three grants to groups across the city and offer volunteering opportunities and money and debt advice to people across the city. For fun, I have decided to give these updates the Mr.Shoestring moniker – because we try to make a big impact from small investments in the community.

I will be posting regular updates about the efforts to grow the organisation and expand its work. Our immediate focus is 500 new sign ups to the weekly £1 Community Lottery. People who sign up are entered to win a weekly cash prize – soon we will add special prizes such as cinema tickets and restaurant vouchers. You give, and you (can) get!

Help us make a difference and become part of our community – either by signing up to the Community Lottery or our mailing list.

On a personal note – after an unpleasant car crash I am having a signed off tooth extracted tomorrow – can think of better ways to spend a Saturday morning, but I plan to indulge myself after with chicken soup and a Krispy Kreme donut, followed by an afternoon nap!

Mike Williams (019)

What is a loan shark?

Please click here to find out more about loan sharks and how to stop them. 

Helping people beat the Credit Crunch

Community Money joins Islington Council and other agencies to help local residents with money and debt issues. Click here for further details.

Pamela Givens (014)

David Short (008)

Subscribe to mailing list

Please fill in your e-mail below to subscribe to our mailing list. You will find our privacy statement here.

Terry Owens (114)

Follow Us On Twitter

Follow us on Twitter as we try to get our head around a brave new world of connecting with others.

Doris Daly (118)

Doris kindly donated back her prize money to the lottery fund. Doris says: “I support the Community Lottery because charity begins at home. If more people contribute a single pound, it will raise thousands from which we all benefit.”

Projects

We provide money and debt advice to individuals and micro grants to community groups.

We run a number of community based advice projects across London staffed by local volunteers. Click here to find out more.

With proceeds from the Community Lottery we also provide micro grants to community groups. Click here to find out more.

Ruth Rogers (115)

Mary McMahon (029)

Richard Briden (135)

Melanie Balban (026)

John Mulkerrin (064)

Terms & Conditions

1. PROMOTION
   The Community Fund is a small society lottery (the “Lottery") and is promoted and administered by Community Money CIC, a community interest company ("CM"). The Lottery is promoted in furtherance of CM’s aim to combat financial exclusion by investing in financially excluded individuals, businesses and community groups through affordable, accessible and equitable loans and grants and other financial services, such as debt and money advice ("CM’s Aim"). CM reserves the right to photograph winners or use winners’ names for publicity purposes.


2. LICENSING
   The Lottery is registered with Islington Council in accordance with the Gambling Act 2005. It will operate within the Law and Gaming Board guidelines.


3. PROCEEDS
   All monies received as entrance fees to the Lottery will, after the payment of winnings and controlled expenses (such as the employment of staff to administer the Lottery) be made available to CM for the furtherance of CM’s Aim.


4. ENTRY
   4.1 The Lottery is open to all members of the public over the age of 16, excluding employees of CM.
   4.2 The Lottery is operated on a cashless basis. The entry may be paid by:
   4.2.1 standing order (on a monthly (4 week), quarterly, six monthly or annual basis);
   4.2.2 cheque or postal order (for six months or one year in advance); and
   4.2.3 online (either in advance (for one month (4 weeks), a quarter, for six months or for one year) or by recurring payment (on a monthly (4 week), quarterly, six monthly or annual basis).
   4.3 The entry fee for each Lottery entry is £1. Each participant, except for mobile text entries and online entries, must complete an application form with payment details, which must be forwarded to Community Money CIC, The Hub, 5 Torrens Street, London EC1V 1NQ.  Application forms are available:
   4.3.1 from CM’s website at http://www.communitylottery.co.uk;
   4.3.2 by post from Community Money CIC, The Hub, 5 Torrens Street, London EC1V 1NQ; and
   4.3.3 by telephone by calling 0845 602 1322. 
   4.4 Participants will not be entered into a draw unless payment has been received in cleared funds not less than 24 hours before the scheduled draw time.  Subject to this, participants will be entered into the next draw to be held after payment has been received.
   4.5 Participants will be allocated a unique Community Lottery number when they enrol. Participants will be notified of this number, of their enrolment [and the scheduled date for the first draw for which they will be eligible] by email.  Upon request a written confirmation of entry stating the lottery number, player’s name and address (as per lottery database) and date of entry into the draw will be sent to the player.
   4.6 In the event of any dispute as to whether payment for entry into a particular draw has been received, evidence of payment into the Lottery may be required from the participant.


5. NON PAYMENT
   5.1 Non-payment will invalidate an entry.
   5.2 Non payment includes circumstances where: the participants standing order has been cancelled by the account holder; the standing order has not been paid by the bank for any reason; and the postal order/cheque entry has not been renewed.
   5.3 It is the responsibility of each player to notify CM of any change in banking and personal details.


6. REFUNDS
   6.1 Refunds will be given only in case of errors, such as technical problems, made by CM or its service providers. This will be offered at the discretion of CM management.


7. CANCELLATION
   7.1 A participant (or, in the event of the death of a participant, their estate) may cancel an entry into the Lottery at any time.
   7.2 If a participant cancels their entry into the Lottery any pre-payment which has been made by that participant for draws more than 4 weeks after the date of cancellation will be refunded by CM.


8. THE DRAW
   8.1 Draws will be undertaken weekly on the Friday of each week.  The winner of each draw will be announced by the Friday following that on which the draw takes place.
   8.2 With the permission of the judges a maximum of 3 draws may take place in advance or retrospectively in the event of staff absences or unavailability of independent third parties. 
   8.3 Each draw will normally be undertaken by an independent third party and administered and witnessed by CM employees.  With the agreement of the Board of Directors of CM (who will act as judges in relation to each draw), employees of CM may perform the draw, if it is not practically possible for an independent third party to do so.
   8.4 In the event of any error in a draw, multiple draws having to take place and/or any query as to the outcome of the draw, the judges’ decision is final and no correspondence will be entered into concerning the outcome of draws or the allocation of prizes.
   8.5 In the event of an error in relation to any draw, the judges shall declare that draw void and a fresh draw shall take place within 48 hours of the original being declared void.


9. PRIZES
   9.1 There will be just one winner of each weekly draw. The winner of each draw will be contacted by CM employees.
   9.2 The weekly prize will be determined by the number of entries received for the relevant draw and will be an amount equal to 40% of the entry fees received for entries into the relevant draw.
   9.3 The weekly prize will be paid to the winner by cheque made payable to the name of the winning player as per the entry recorded by the Lottery database.
   9.4 Prizes do not have to be claimed.


10. SUSPENSION OR TERMINATION OF LOTTERY
    10.1 CM reserves the right to stop or suspend the lottery at any time. In this event, no more weekly draws will take place. All active players at the date of the decision to cease the Lottery will be notified accordingly, in writing. Any prepayments beyond 4 weeks will be refunded.


11. GENERAL
    11.1 By purchasing a chance in the lottery you are accepting the terms and conditions contained in this document.

Back

Adrian Gregory (017)

16/12/08 Newington Green Now & Then event raffle

We sold a number of raffle tickets to raise funds for our Community Fund. Sharon Sullivan purchased the winning entry which was 108. Thanks for all who supported us by purchasing a ticket!

01/12/08 The Croydon Hostel awarded micro grant

We shortlisted 5 organisations from 28 applications from a wide variety of community groups across London and asked you to vote for your favorite cause. Voting closed on Monday December 1st. The Croydon Hostel received 366 votes or 52% of the votes so they are awarded the micro grant - congratulations!

27/11/08 Become a collective grant maker

Vote for 1 of 5 fantastic community groups to become our micro grant recipient. Voting closes on Monday December 1st. After you vote, help us tackle poverty in London, where 40% of families live in poverty, by making a £1 weekly contribution to the Community Fund. We multiply your generosity for bigger impact - and reward it by entering you in a weekly prize draw. 

21/11/08 Micro Grant Round Now Closed

We received 26 applications this round. We will now go through the applications and make a short list of finalists. The short list should be available on the website on Thursday. We invite current contributors and others to vote for their preferred grant award recipient. In future this will only be available to our contributors. 

Grant Finalists

We had more than 30 applications for our current micro grant round which represent a fantastic variety of community activities across London. Below are the 5 short-listed activities. More than 550 votes were cast and voting closed on Friday 21/08. White City Action Group won with an overwhelming 386 votes and will be taken a number of young people on a trip to Whipsnade Zoo.

Brent Mind (NW6)

To buy equipment for their allotment to help support people with mental health issues

Hayes FM (Hayes, Middlesex)

To create a series of short website audio content produced by local people highlighting the diversity of the area

Punch & Juicy (NW2)

To pilot a volunteer run healthy eating campaign in schools

Shadow Women’s Centre (WC1)

To take 20 East African Refugee families to the British Museum

White City Youth Action group (W12)

To take a group of young people, aged 11 – 15, on a trip to Whipsnade Zoo

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Sign up now to contribute; join a community of fellow contributors; help us decide who receives a community grant and be eligible for special prize draws!

Welcome to Community Money

We are a London based social enterprise providing money and debt advice to individuals and micro grants to community groups.

We run a number of community based advice projects across London staffed by local volunteers. Click here to find out more.

With proceeds from the Community Lottery we also provide micro grants to community groups. Click here to find out more.

Sign up now to contribute; join a community of fellow contributors; help us decide who receives a community grant and be eligible for special prize draws! Click here to join now.

21/11/08 LSO Lunchtime Concert

We enjoyed a concert at London Symphony Orchestra’s lunchtime Discovery series and sold Community Fund raffle tickets from 1:15 to 2PM. Click here for directions to LSO St.Luke’s.

Do you donate to charity?

Fundraising Barometer

Advice

We train local volunteers to become accredited debt advisers and currently run a number of community based money and debt advice projects in London - in Brixton and Islington.

The Mildmay Money & Debt Advice Team.

We work with housing providers, local authorities and community organisations - including Affinity Sutton, Hyde Housing, Islington and Shoreditch Housing, Metropolitan Housing Trust and Mildmay Community Partnership.

We have received grants for our projects from the Cooperative Bank, Cripplegate Foundation, the Deutsche Bank Employee Fund, administered through the Capital Community Foundation, and the ESF Funded Community Grants programme.

Grants

Micro Grants

Micro grants are made with proceeds from the Community Lottery and aim to support, promote and improve vibrant London communities, available specifically to small local groups, initiatives and individuals wishing to develop a community based project or activity. They are to be used primarily for small projects and activities, which are otherwise difficult to fund, rather than as a small contribution to a larger project.

Previous Micro Grant Recipients

Our 5th and most recent grant goes to White City Action Group, who will take a group of young people, aged 11 – 15, on a trip to Whipsnade Zoo.

Our 4th grant went to ATD Fourth World. They organised a seaside trip for some of the disadvantaged families they work with around the Elephant & Castle area. Take a look at the news here.

Our 3rd grant went to the Croydon Hostel to put on a Christmas lunch with all the trimmings for the homeless hostel residents.

Our 2nd grant was made to an after school football project for youth at St.Mary’s Path Estate in the heart of Islington. Our grant helps pay for a qualified trainer supplied by Access to Sports.

Our 1st grant purchased digital cameras for children, aged 8-15, in Spitalfields who took pictures of their lives and exchanged them with a rural school in Pune, India, to learn about another country, culture and way of life. For photos of the children in India, please click here. Zaina (8) from London said: “I want the children in India to see what people look like, to see what babies look like, to see our animals and to see what kind of toys we have here.”

How You Make A Difference

Sometimes it’s hard to believe that one individual can make a big difference.

We at Community Money CIC believe in the power of one. One person, one pound, once a week can start making a big difference. We multiply your generosity with similar small contributions from others and proceeds from your contributions go towards the Community Fund, from which we provide advice, grants and loans.

Contribute £1 a week and the more people sign up, the more money is made available to tackle poverty. The concept behind this idea is called group or crowd funding. It is a collective approach to supporting initiatives, whether it’s Barack Obama’s political campaign or the web-community owned My Football Club.

The figures quickly add up. One person contributing £1 a week means a contribution of £52 over the year; 1000 people is around £50,000 and if we can sign up 5000 people than this is close a quarter of a million pounds which will contribute to addressing poverty in the capital.

If you sign up as contributor you will join a community of fellow contributors; help us decide who receives a community grant; and be eligible for special prize draws.

Small contributions, big impact...and you are entered into a weekly prize draw! Do you believe in the power of one?

Join Us

Ambassadors

Become a freelance ambassadors to promote the Community Fund in your local area. Earn up to £250 every quarter by signing up family, friends, colleagues and neighbours. It offers a small income, flexibility, community involvement and the opportunity to help a good cause. If you would like to find out more, we would love to hear from you.  Contact us to find out more.

Volunteers

We are always looking for people interested in volunteering, whether it might be in the office or at our money and debt advice sessions. Again, contact us to find out more.

What We Do

The Community Fund

The Community Fund is a weekly small society lottery the proceeds of which fund our micro grants and loans.

Working in Partnership

We work in partnership with housing associations, local authorities and community organisations to address poverty and financial exclusion. 

For Mildmay Community Partnership in Islington we run a programme to train local volunteers to become money and debt advisers. For Springboard Training in North London and Wandsworth Council we delivered a number of workshops on becoming self-employed.

About Us

Management

Community Money CIC is run by Puck Markham. Puck is a former broker and commercial banker, with several years of experience in both social enterprise and micro finance lending. He is a fellow of the School for Social Entrepreneurs.

Board of Directors

Belinda Bell is a social entrepreneur with a background in microfinance. As Founder and first Chief Executive of Foundation East Belinda established a social enterprise that provides loans to financially excluded businesses and individuals from across the East of England. Her previous experience includes providing support, advice and loan finance to London based social enterprises. Belinda holds a Masters Degree in Community Enterprise from the University of Cambridge and a Bachelors degree in Social Anthropology from Goldsmiths College, University of London.

Ahmad Butt is a business consultant. Until recently he was involved in community legal advice organisations including at the Mary Ward Legal Centre, Barnet Money Advice and most recently at Islington People’s Rights. He regularly lectures at the London School of Economics and is a freelance trainer for the Institute of Money Advice. In addition to having published articles in various trade journals, he served a three-year appointment on the Civil Procedures Rules Committee. Included in his other current voluntary activities he lists vice Chair of IVAC since 2007 and pro bono tutor for LawWorks.

Althia Cameron has several years’ financial services and housing association experience, working in the banking sector for five years in a range of roles from development to financial planning.  She then spent three successful years managing the CHANGE financial inclusion team who delivered a range of services promoting financial capability. Althia has recently moved to Hyde Plus Housing and is delivering a new money advice project.

Genevieve Dowokpor is the founder and Chief Executive of Youthology, a Youth Social Enterprise based in East London, dedicated to providing opportunities for young people to achieve excellence in their communities through events and projects. Genevieve has extensive hands-on experience working with children, young people and families in high risk environments. She is a fellow of the School for Social Entrepreneurs, company secretary for Greater London and International Mas Association (London Notting Hill Carnival) and Board Member to Community Money (CIC)

Chris Gregory works as Head of Connectivity Services at Fidessa LatentZero, a financial services software company. Chris has over fifteen years experience in the financial services industry, with a solid track record in establishing and growing new financial services companies and the successful strategic formulation and implementation of new products.

Puck Markham is Dutch-American and has a background as a broker (PaineWebber now UBS) and commercial banker (Barclays). Before founding Community Money, Puck advised long-term unemployed people on how to start micro businesses (Working Links); offered planning and support to local businesses (OneLondon), providing loan finance for social enterprises (London Rebuilding Society); lobbied at national and regional level on behalf of the community development finance sector (CDFA); and managed a London-wide micro finance pilot (Change Finance). 

John Mulkerrin - Managing Director, Quotes 4 Charity CIC. John founded Quotes4Charity CIC after a career in Financial Services spanning over 15 years. He is CII and CeMap qualified and has worked for a number of multinationals advising both corporate and individual clients. John is also chief protagonist of the newly formed CIC Association.

Thanks for Contributing!

Thanks for your contribution. You will be receiving an e-mail shortly to confirm your contribution!

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Join Now

Join the Community Lottery at £1 a week. You can pay online via WorldPay’s secure server on a monthly, quarterly, bi-annual or annual basis. Contributions can be made in UK pounds only. Please review our Terms & Conditions below before signing up. You will be issued with an unique entry number once your payment has been confirmed.

Terms & Conditions

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01/11/08 Cracking the Credit Crunch

We spoke to a lot of local residents about Community Money, its volunteer training programme, money and debt advice and the Community Fund.

We sold 53 raffle tickets to our Community Fund raffle - and number 35, belonging to Martin Baillie, was the winning entry number. The proceeds will be split between our winner and the Community Fund.

For more information on St. Luke’s, click here http://www.slpt.org.uk/community/index.html. 

Micro Grant Recipients

Click here to read about our 3 grant recipients so far.

Terms & Conditions

1. Promotion

   The Community Fund (the “Fund") is promoted and administered by Community Money CIC, a community interest company (“CM”). The Fund is promoted in furtherance of CM’s aim to combat financial exclusion by investing in financially excluded individuals, businesses and community groups through affordable, accessible and equitable loans and grants and other financial services, such as debt and money advice (“CM’s Aim”). CM reserves the right to photograph winners or use winners’ names for publicity purposes.

2. Licensing

   The Fund is registered with Islington Council in accordance with the Gambling Act 2005. It will operate within the Law and Gaming Board guidelines.

3. Proceeds

   All monies received as entrance fees to the Fund will, after the payment of winnings and controlled expenses (such as the employment of staff to administer the Fund) be made available to CM for the furtherance of CM’s Aim.

4. Entry

   1. The Fund is open to all members of the public over the age of 16, excluding employees of CM.

   2. The Fund is operated on a cashless basis. The entry may be paid by:

      1. standing order (on a monthly (4 week), quarterly, six monthly or annual basis);

      
      
      
      

      2. cheque or postal order (for six months or one year in advance); and

      
      
      
      

      3. online (either in advance (for one month (4 weeks), a quarter, for six months or for one year) or by recurring payment (on a monthly (4 week), quarterly, six monthly or annual basis).

      
      
      
      

   3. The entry fee for each Fund entry is £1. Each participant, except for mobile text entries and online entries, must complete an application form with payment details, which must be forwarded to Community Money CIC, The Hub, 5 Torrens Street, London EC1V 1NQ.  Application forms are available:

      
      
      
      

      1. from CM’s website at http://www.communitylottery.co.uk;

      
      
      
      

      2. 4.3.2 by post from Community Money CIC, The Hub, 5 Torrens Street, London EC1V 1NQ;and

      
      
      
      

      3. 4.3.3. by telephone by calling 0845 602 1322.

   4. Participants will not be entered into a draw unless payment has been received in cleared funds not less than 24 hours before the scheduled draw time.  Subject to this, participants will be entered into the next draw to be held after payment has been received.

   5. Participants will be allocated a unique Community Fund number when they enrol. Participants will be notified of this number, of their enrolment, and the scheduled date for the first draw for which they will be eligible, by email.  Upon request a written confirmation of entry stating the lottery number, player’s name and address (as per fund database) and date of entry into the draw will be sent to the player.

   6. In the event of any dispute as to whether payment for entry into a particular draw has been received, evidence of payment into the Fund may be required from the participant.

5. Non Payment

   1. Non-payment will invalidate an entry.

   2. Non payment includes circumstances where: the participants standing order has been cancelled by the account holder; the standing order has not been paid by the bank for any reason; and the postal order/cheque entry has not been renewed.

   3. It is the responsibility of each player to notify CM of any change in banking and personal details.

6. Refunds

   1. Refunds will only be given where an error has been made by CM.

7. Cancellation

   1. A participant (or, in the event of the death of a participant, their estate) may cancel an entry into the Fund at any time.

   2. If a participant cancels their entry into the Fund any pre-payment which has been made by that participant for draws more than 4 weeks after the date of cancellation will be refunded by CM.

8. The Draw

   1. Draws will be undertaken weekly on the Friday of each week.  The winner of each draw will be announced by the Friday following that on which the draw takes place.

   2. With the permission of the judges a maximum of 3 draws may take place in advance or retrospectively in the event of staff absences or unavailability of independent third parties.

   3. Each draw will normally be undertaken by an independent third party and administered and witnessed by CM employees.  With the agreement of the Board of Directors of CM (who will act as judges in relation to each draw), employees of CM may perform the draw, if it is not practically possible for an independent third party to do so.

   4. In the event of any error in a draw, multiple draws having to take place and/or any query as to the outcome of the draw, the judges’ decision is final and no correspondence will be entered into concerning the outcome of draws or the allocation of prizes.

   5. In the event of an error in relation to any draw, the judges shall declare that draw void and a fresh draw shall take place within 48 hours of the original being declared void.

9. Prizes

   1. There will be just one winner of each weekly draw. The winner of each draw will be contacted by CM employees.

   2. The weekly prize will be determined by the number of entries received for the relevant draw and will be an amount equal to 40% of the entry fees received for entries into the relevant draw.

   3. The weekly prize will be paid to the winner by cheque made payable to the name of the winning player as per the entry recorded by the Lottery database.

   4. Prizes do not have to be claimed.

10. Suspension or termination of lottery fund

    1. CM reserves the right to stop or suspend the lottery fund at any time. In this event, no more weekly draws will take place. All active players at the date of the decision to cease the Lottery will be notified accordingly, in writing. Any prepayments beyond 4 weeks will be refunded.

11. General

    1. By purchasing a chance in the lottery you are accepting the terms and conditions contained in this document.

Disclaimer

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FAQ

We are updating and improving our site. Please be patient with us as we make a number of changes. We will soon have more information including how you can become a collective grant maker.

What is the Community Fund?

The Community Fund is a small society lottery based in Islington, London and as such is registered with Islington Council, licensed under the Gambling Act 2005, and regulated by the Gambling Commission. As a ‘small society lottery’ it must, among other things, be run by a non-commercial organisation registered with the local authority and at least 20% of the proceeds must go to good causes i.e. the purposes for which the organisation has been formed. Such lotteries are a succesful fundraising tool for organisations such as Age Concern; Diabetes UK; hospice lotteries, such as those affiliated to the Hospice Lotteries Association; the Isle of Wight Lottery and the Pembrokeshire Lottery.

What is the good cause that the Community Fund supports?

The proceeds of the Community Fund are dedicated to combatting financial exclusion among individuals, businesses and community groups by providing affordable, accessible and fair loans and community grants and other financial services, such as advice.

Who operates the Community Fund?

The Community Fund is operated by Community Money CIC, which is a company incorporated in England and Wales under Company Registration Number 6258207 and a Community Interest Company regulated by the CIC Regulator.

What can you tell me about Community Money?

Community Money is a London based MFI (microfinance institution) which is the first in the UK to be registered as a Community Interest Company (CIC). Community Money invests in financially excluded individuals, businesses and community groups by providing affordable, accessible and fair loans and community grants and other financial services, such as advice.

• Community Money offers
• Money & Debt Advice
• Affordable Loans & Community Grants
• Community Based Advisers Programme
• Financial Inclusion Training & Consultancy

Community Money has received private investment and grant funding from UnLtd, the Foundation for Social Entrepreneurs. It is an associate member of the CDFA, the trade association for Community Development Finance Institutions (CDFIs), which are independent financial institutions which lend and invest in deprived areas and underserved markets that cannot access mainstream finance.

What is a CIC (Community Interest Company)?

A CIC is a company which operates for the benefit of the community. A CIC is a new type of company designed for social enterprises that want to use their profits and assets for the public good. Community Interest Companies (CICS) are limited companies with special additional features created to conduct business or other activity for community benefit, and not purely for private advantage. This is achieved by a “community interest test” and “asset lock”, which ensure that the CIC is established for community purposes and the assets and profits are dedicated to these purposes. Registration of a company as a CIC has to be approved by the Regulator who also has a continuing monitoring and enforcement role. For more information, visit the CIC regulator’s website by clicking here.

What is financial exclusion and why is it a problem?

According to government estimates, one in 12 people don’t have access to fair and affordable loans and if they do can pay up to 150 times more than the average interest rate, in some cases as much as 1500% APR. The people who can least afford it pay the most for financial services.

But financial exclusion does not only effect individuals. Many new and existing small businesses, vital to the local economy, are turned down for small loans as they cannot offer required collateral or personal guarantees; and community organisations often struggle to survive because they cannot access small grants.

Why should I join the Community Fund?

You have a chance of winning weekly cash prizes and as the lottery grows you will help us fund affordable loans and community grants to financially excluded people, businesses and community groups. At least 40% of proceeds will be paid out in prize money.

How much can I win and what are the odds?

This depends on the number of people entered for the weekly draw. The more people entered, the higher the weekly cash prize. If 20 people are entered than your odds are 1 in 20; if 500 are entered your odds are 1 in 500. In the early stages the odds are extremely favorable but the prize money relatively small. As the Community Lottery grows, the prize money increases and the odds decrease. We expect to grow to 1500 weekly entries by the end of 2008.

How will the proceeds from the Community Fund be distibuted?

The Community Fund will make 40% of the proceeds available to provide affordable, fair and accessible loans and grants and other financial services, such as advice; 40% will go towards the weekly prize money; and 20% will go towards operating costs.

As mentioned before Community Fund, as a ‘small society lottery’ must ensure that at least 20% of proceeds go to good causes i.e. the purposes for which the organisation has been formed. We expect to provide at least 40% of lottery income to be made available to combat financial exlusion. This is twice the minimum legal requirement and compares favorably to the 28% that the National Lottery makes available to good causes.

Interested in applying for a loan or a grant?

Community Money expects to start lending to both individuals and businesses and to make community grants available in the second half of 2008. Full loan and grant guidelines and criteria, including how to apply, how much can be applied for etc., will be available on this website shortly. We will update the website with further information as soon as it becomes available. If you would like to be kept informed when we start lending or making grants, please contact us.

How to contact us?

Our contact details are Community Money CIC, The Hub, 5 Torrens Street, London EC1V 1NQ; Tel: 0845 602 1322; Email: .

Community Money Offers

• Money & Debt Advice
• Affordable Loans & Community Grants
• Community Based Advisers Programme
• Financial Inclusion Training & Consultancy

Community Money has received private investment and grant funding from UnLtd, the Foundation for Social Entrepreneurs. It is an associate member of the CDFA, the trade association for Community Development Finance Institutions (CDFIs), which are independent financial institutions which lend an invest in deprived areas and underserved markets that cannot access mainstream finance.

Prize Winners

Take a look at the list of this year’s winners so far. And sign up to the Community Lottery Fund here.

News

Community

UK Poverty

Hit by the credit crunch yet? In the UK poverty is just around the corner. According to the Campaign to End Child Poverty, an umbrella organisation which includes Barnardos and Unicef, currently 40% of London families, or 650,000 children, and nationally 1 in 5, or more than 4 million children, live below the poverty line. Click here for more info on UK poverty. 

Financial Exclusion

Financial exclusion is the inability to access mainstream financial services, such as advice, banking and credit products and 1 in 12 people are affected by it. People without access to affordable credit are often driven to exploitative doorstep lenders charging crippling interest rates, averaging 177% APR last year, but there are examples of people being charged up to 1500% APR for short-term loans. Find that hard to believe? Click here to see what kind of non-mainstream loans are available in your area.

Micro Finance

Microfinance is well-established in the developing world but a nascent sector in the UK with only a handful or organisations operating in London and across the UK. Micro finance is the provision of very small loans and other financial products to those outisde of the financial mainstream.

Sitemap

We are updating and improving our site. Please be patient with us as we make a number of changes.

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Privacy Statement

Privacy Statement
Community Money CIC takes the private nature of your personal information very seriously. This Privacy Policy describes how we treat the information we collect when you visit our Web site and register for our mailing list. Pease read the following carefully.

Personal Information
In order to sign up to our mailing list, we need your e-mail address. Community Money CIC Community Money CIC will not collect any other personal information that you do not expressly provide. We will never sell, rent or share your personal information, including your e-mail address, with any third parties for marketing purposes without your express permission. Community Money CIC may share your personal information for the purpose of delivering our e-mail to you or as required by law.

Non-Personal Information
We may also request non-personally identifiable information, known as demographic and profile data, though this information is optional. We may use this data to improve our site and/or tailor your experience at our site, showing you content that we think you might be interested in, and displaying content according to your preferences. We may also share this information with others, such as companies interested in sponsoring prizes, in aggregate, anonymous form, which means that the information will not contain any personally identifiable information about you or any other person.

Usage Information
In addition to collecting personal and non-personal information, Community Money CIC may also collect non-personal, aggregated information about subscribers’ use of our newsletter. This information is not personally identifiable and will only be used to find out how subscribers use our service and site. For example, this information will tell us how much time users spend on our site, from which other sites subscribers came, and to what other sites subscribers go. The collection of this information allows us to, among other things, prepare for traffic load demands and to efficiently deliver your information.

Access and Review
Upon your request, we will provide you with a summary of the information we collect about you. You will have an opportunity to correct, update or modify this information.

Choice and Opt-Out
If we ever send you information by e-mail concerning new products or services that you did not expressly request, we will provide you with the ability to unsubscribe from any future updates.

Links to Other Sites
As part of the service, Community Money CIC may create links allowing you to access third party sites. Community Money CIC is not responsible for the content that appears on those sites and does not endorse these sites. Please consult those sites’ individual privacy policies in order to determine how they treat user information.

Security
All information described above is stored on restricted database servers.

Changes to this Policy
Community Money CIC may change this policy, but we’ll post any changes here to keep you informed.

Contact Us
If you have any questions about this policy or our site in general, please contact us.

About Us

Community Money CIC is a London based micro finance institution and social enterprise which tackles poverty in London and the UK by investing in individuals, businesses and community groups. We provide money and debt advice and micro grants to community groups. 

Community Money CIC was established in 2007 by Puck Markham, a former broker and commercial banker, with several years of experience in both social enterprise and micro finance. He is a fellow of the School for Social Entrepreneurs.

We are a member of Advice UK and Transact - the national forum for financial inclusion.

Community Money CIC has raised investment from a number of socially motivated private investors and has received grant funding from UnLtd, the Cooperative Bank. Its founder has received a bursary from Linklaters LLP.

Community Money receives in-kind support from Blick Rothenberg Chartered Accountants. And has received support from Business in the Community, LawWorks, Decherts LLP, Eversheds LLP and McKinsey & Company.

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