Swansea Constructing Society, with department workplaces in Swansea, Mumbles, Carmarthen and Cowbridge, celebrates a milestone 100 years as a mutual throughout 2023. The Society’s centenary celebrations will embrace a number of initiatives, occasions and fundraisers to happen all year long, all based mostly across the quantity 100.
The most important of the Society’s centenary initiatives will see it donate £100,000 to native charities. The vast majority of the funds might be divided between three most important charitable causes, which have already been agreed and might be introduced by the Society within the coming months. Moreover, £15,000 will stay for the Society’s Swansea, Carmarthen, and Cowbridge branches to donate to charities associated on to their native communities which might be determined by the groups at these workplaces.
This £100,000 donation might be made along with the Society’s standard annual fundraising for its official employees charity, which has been named as Maggie’s Swansea for the second 12 months in succession.
Different Society initiatives throughout 2023 embrace: 100 days of volunteering, the place the Society will encourage its employees to volunteer on native tasks; 100 timber planted, planting timber throughout Wales in collaboration with Stump Up For Bushes; and a 100-mile fundraising trek, which might be damaged up over a nominated timescale throughout varied places in South Wales, with the funds raised going to the Society’s employees charity.
The centenary celebrations will even embrace a fundraising gala dinner at Swansea Enviornment for previous and current Society employees members and Non-Government Administrators, together with the Society’s companions, supporters and native dignitaries.
Later within the 12 months, the Society can be set to announce the launch of its Charitable Basis – a legacy venture linked to its 100-year celebration – which can begin in the beginning of 2024. The intention of the inspiration is to allow charities to use straight for help, permitting it to carry focus to charities that may at present be ignored. The funds will then be awarded by an impartial board of trustees.
Swansea Constructing Society was based as a mutual Constructing Society in February 1923. The Society’s principal goal has at all times been the availability of loans secured on residential property for using prospects notably within the South Wales space. These loans are funded by private financial savings deposited in quite a lot of financial savings accounts provided by the Society.
The Society is one in every of solely three remaining mutual Constructing Societies in Wales and the one Constructing Society or Financial institution with its headquarters in West Wales.
Alun Williams, Chief Government Officer, Swansea Constructing Society, mentioned:
“2023 is, understandably, a giant 12 months for the Society. To have the ability to have a good time 100 years as a mutual is a tribute to all of the Society’s employees, administrators and members throughout the years. Our Society has needed to cope with many ups and downs during the last century, nevertheless it has weathered the entire storms – monetary and in any other case – which have come its manner, which makes us all very proud.
“At present, the Society is seeing a interval of sustained development, with many profitable years lately behind us. Now we have handed many important milestones, together with exceeding £500 million in complete property, and having been named probably the most worthwhile constructing society of our measurement within the UK – all this whereas growing funding, increasing our providing, and persevering with our ethos of opening and never closing branches.
“With all that in thoughts, it’s fantastic to have the ability to attain our centenary on a real excessive and be capable of give again to our native communities with this £100,000 donation in addition to the myriad of initiatives we now have deliberate for the 12 months. There may be extra to return, by way of bulletins of our forthcoming centenary celebrations, so preserve a watch out for what we now have deliberate and the way you would possibly be capable of get entangled and assist us to help our native communities throughout South Wales and past.”
