COMMUNITY DEVELOPMENT FINANCE ASSOCIATION

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. COMMUNITY DEVELOPMENT FINANCE ASSOCIATION 2002-01-25 → present
2. UK COMMUNITY CAPITAL ASSOCIATION 2000-11-16 → 2002-01-25

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cocke, Vellacott & Hill

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. COMMUNITY DEVELOPMENT FINANCE ASSOCIATION · parent
   1. RGF Project Vehicle C.I.C. 100% · CDFI finance

Significant events

• “CDFIs had a record year of lending and support: in 2024, CDFIs lent £287 million, created 6,500 new jobs and kept £29 million in their customers' pockets through lower interest payments.”
• “We played a central role in the development of the Government's £150 million Community ENABLE Funding (CEF) programme through the British Business Bank for our enterprise lending members.”
• “We secured funding from City Bridge Foundation and Fair4All Finance for a first-loss funding programme for our personal lending CDFIs.”
• “Responsible Finance became authorised by the Financial Conduct Authority (FCA) for credit broking.”
• “Our direct efforts led to a guarantee scheme for small business loans being extended until June 2026.”
• “Last year we secured £4 million from JPMorgan Chase for Responsible Finance to work with our enterprise lending members to build their operational capacity as their lending scaled up.”
• “We managed a £440,000 NatWest business development grant programme for personal lending CDFIs.”
• “We welcomed 9 new CDFI members to our network, showcasing the sector's growth and innovation.”
• “The roll-out of new funding programs in 2025 represents a step-up in lending volumes.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -71.5%

  £1,896,118 → £539,453

• Cash

  +851.7%

  £253,585 → £2,413,476

• Net assets

  -20.8%

  £281,226 → £222,773

• Employees

  +25%

  4 → 5

• Profit before tax

  -183.4%

  £68,698 → -£57,293

• Wages

  +27.5%

  £116,131 → £148,093

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers