Where our money went in financial year 2017/18
47% charitable expenditure
Grants to individuals: We awarded £3.4m as grants to individuals in need. Around 17% of our grants were spent supporting serving Army personnel and their families; the balance was spent on veterans and their families.
Grants to other charities and organisations: Our grants to other charities and organisations providing support to the Army family totalled more than £4.0m.
Supporting the military welfare ecosystem: We spent £2.1m on funding organisations that carry out army-related casework (particularly SSAFA); investing in the casework management system (to ensure grants are reviewed and disbursed quickly); and collaborating with and providing advice and support to other military charities and organisations to ensure soldiers, veterans and their families’ needs can be met in a timely and effective manner.
28% safeguarding our ability to provide support in the future
We were able to commit £5.8m to our reserves this financial year and believe that this is only right and proper, to ensure we can fulfil our promise to be there for soldiers, for life.
In FY17-18, we were able to make a real and significant difference to the Army family, whether serving or retired – and we are steadfast in our commitment to being able to provide this support for soldiers, veterans and their immediate families over the very long term.
25% raising funds and trading activities
The Soldiers’ Charity receives no government funding or revenues from service contracts – all our income has to be raised in various forms.
As we bear the cost of raising funds, the 85 partner charities and organisations that receive our financial support are better able to focus on delivering services to those in need.