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Financial Profile

Report and Accounts

Please click on the below links for Unity Trust Bank’s Report & Accounts 2019 and Pillar 3 disclosures:

Please click on the below links for Unity Trust Bank’s Report & Accounts 2018 and Pillar 3 disclosures:



Taxation Transparency

Tax Conduct Statement

 As a socially responsible bank, Unity Trust Bank seeks to be transparent in all that we do and matters of taxation are no different.

Unity Trust Bank’s annual report and accounts show a slightly lower rate of corporation tax than would be implied by the current headline tax rate. This is because Unity Trust Bank has benefited from Community Investment Tax Relief (CITR).

The CITR scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses and other enterprises in less advantaged areas by investing in accredited Community Development Finance Institutions (CDFIs). Unity Trust Bank has made such investments. The tax relief is worth up to 25% of the value of the investment in the CDFI. The relief is spread over five years, starting with the year in which the investment is made.

Unity Trust Banks invests in CDFIs because we believe in the benefits they provide to the communities in which they operate. That tax relief we obtain is provided strictly in accordance with UK tax law and has been made available to encourage this activity.


Current tax reconciliation  2019
Profit before tax 9,076
Tax on profit at standard UK rate of 19% 1,724
Adjusting items:
Adjustments to tax charge in respect of prior periods (198)
Expenses not deductible for tax purposes 8
Tax rate changes (1)
Community Investment Tax Relief (390)
R&D expenditure (48)
Current tax charge for the year 1,095
Effective current tax rate for the year 12.07%


Our trading address is Four Brindleyplace, Birmingham, B1 2JB.

Registered in England and Wales no. 1713124

Switching made simple

By switching your bank account to Unity you’ll be helping to create a better society.  You’ll also benefit from 24/7 access to your account using our Internet Banking service.

Our free account switcher service makes the process as easy as possible:

  • We’ll close your existing account for you.
  • We contact your existing bank for a list of your Direct Debit and Standing Order payments for the account you’re switching from.
  • You select the accounts you want us to move to us.

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How we make a difference

We are a bank established to serve the needs of our customers and enrich society as a whole.  We work with organisations that aim to have a positive impact on society through economic, community or social change.

Our people support charities and communities through our ‘Unity in the Community’ (UitC) programme.  The Unity team is actively involved in volunteering and fundraising events  organised throughout the year.  Good causes are nominated by our people to receive donations.

To find out more about how we make a difference, view our Impact Report – Half Year 2020 or Impact Report – 2019.

Case studies