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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:

Please click on the below links for Unity Trust Bank’s Report & Accounts 2017 and Pillar 3 disclosures:

Please click on the below links for Unity Trust Bank’s Report & Accounts 2016 and Pillar 3 disclosures:

Savings with Unity Trust Bank are safe and secure and our corporate governance is undertaken with the highest standards and adherence to our socially responsible principles:

Unity Trust Bank has a very strong liquidity position and therefore does not need to borrow money from the inter-bank markets or from any other organisation to fund its day-to-day activities. We are not impacted by the difficulties that some banks have been facing from the lack of liquidity in this market. It is also the reason that we have not had to purchase a credit rating from a third party rating agency. Such ratings are required to facilitate inter-bank borrowing, and as Unity Trust Bank does not borrow money from other banks, we do not require a credit rating.

Unity Trust Bank has never traded in sub-prime investments or the complex financial instruments that have resulted in difficulties for many organisations. This is outside of both our corporate and social responsibility policies. As such we are unaffected by events in these markets.
Unity Trust Bank shares are not traded on any exchange and we are not therefore affected by the actions of speculators on various exchanges, or on market sentiment that has resulted in huge share price movements.

Unity Trust Bank funds its banking business entirely from shareholder capital and customers’ savings. Our shareholders are long-term investors, having owned Unity Trust Bank since formation. Many of our shareholders are also customers and the comfort and stability provided by owning and controlling Unity Trust Bank means that we do not have a volatile savings base. This is reflected by the fact that many socially motivated organisations have chosen Unity Trust Bank as a socially responsible bank, exercising good stewardship of their funds.

Unity Trust is a bank specialising in the provision of banking services to organisations with a social conscience and not-for-profits, charities, voluntary organisations, social enterprises, Trade Unions. This business is less volatile than that undertaken by many UK banks and as such has not been impacted to any material degree by some of the situations faced by other banks.

Unity Trust Bank has a full banking licence, is regulated by both the Financial Conduct Authority and the Prudential Regulation Authority and is a member of UK Finance. Our business is conducted according to regulatory codes and subject to due supervision. Our eligible savers are covered by the Financial Services Compensation Scheme –

We hope that you can take reassurance from the above statements and our clear capability to deliver will maintain your confidence in Unity Trust Bank.

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.

Switch to us

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 Social Impact 2019

Case studies