Focus On Finance

In this report, DSC explores armed forces charities' financial support. The report investigates the different types of financial support provided, the types of beneficiaries supported and how this support is delivered. It also explores the extent of collaboration, evaluation and challenges experienced by armed forces charities.

 

Download the report and the supporting materials via the links below.

New research shines light on armed forces charities' finnacial support 

 New research published by the Directory of Social Change (DSC) finds that 178 Armed Forces charities provide financial support to at least 50,000 serving and ex-Service personnel and their families, spending at least £39 million in the year before the survey took place (July/August 2020).They represent around 10% of all Armed Forces charities currently operating in the UK.

Researchers found that support for families is extremley varied, but the most common types of financial support include grants or loans for essential goods (66%), benefits or welfare advice (55%), and cash gifts or vouchers to relieve need (43%). Charities also provide goods or gifts in kind, help with debt management, help with day-to-day budgeting, pensions advice and support for gambling addiction.

The report highlighs the challenges Covid-19 has had on the sector and calls on charities to strengthen existing partnerships and gather more data in order to improve processes for identifying beneficiaries and recommends expanding the commitment to measuring impact in order to further improve beneficiaries' outcomes.

 

 

 


Ray Lock CBE, Chief Executive of Forces in Mind Trust said:

“Financial advice and support are two of the most frequent reasons members of the Armed Forces community have for reaching out to charities. This report reflects the breadth of such charities and the extent to which they collaborate. Understanding the environment in which charities operate is key to making the case for funding, and for ensuring that support reaches beneficiaries in the most effective and efficient manner.”

 

Lieutenant General Sir Andrew Richard Gregory KBE CB DL, Chief Executive of SSAFA, the Armed Forces charity said:

 “Providing financial support is regularly the foundation on which veterans and their families can be helped to regain their independence and dignity. … I commend another excellent and relevant report by DSC; it shines a spotlight on a strategically important subject.”


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Armed Forces Charities' Support for Families in Numbers

178

Armed forces charities provide financial support

50,000

Individuals supported by survey respondents last year

£39 million

Spent by survey respondents on financial support last year