The Foundation publishes its Annual Report and Impact Report: Marking a Five-Year Journey of innovation, achievement and milestones!
The latest Annual Reports and Impact Reports show our key achievements over the last five years:
- 1.8 million beneficiaries were supported by the Foundation by the end of September 2022, over 281 charities supported through its smaller grants
- Since its inception in 2017, the Foundation has distributed approximately £4,162,376 in grants and donations (£2.7M this year)
- Four major partnerships have been established this year, bringing the total up to 21 strategic partnerships
- The Foundation is now recognised as the leading corporate foundation in the social care sector
Since our inception in 2017, we have delivered meaningful impact and helped to improve the lives of some of society’s most vulnerable people in the social care sector, in the UK and overseas. We are the first ever grant-making corporate foundation in the social care sector. The commitment from CareTech Ltd to support the Foundation is backed-up with an annual financial investment of 2.5% of its pre-tax profits. This is further underpinned with in-kind support that the company’s staff provide to the Foundation and its partners.
Our portfolio of strategic partnerships has been boosted with impressive new additions this year, including:
Alzheimer’s Society – The Longitude Prize on Dementia
The £4.3M Prize aims to incentivise assistive technologies to help people living with dementia to remain independent in their own homes – an effective way to manage progression in those diagnosed.
The Royal National Theatre – Public Acts
The Public Acts programme effectively connects the creative and social care sectors on a national scale to make lasting impact in communities of complex needs groups, including individuals with disabilities and those in the LGBTQ+ communities
Our Community Grants programme provides support for issues affecting local communities and to the families and friends of CareTech Ltd staff facing significant challenges. Over the period of this report, we have awarded Community Grants of nearly £83,000 to 54 local initiatives.
Through our Match-Funding Grant, 48 employees were supported in their charitable fundraising efforts with almost £14,000 in funding.
Our Staff Hardship Fund grants were also provided to 343 staff with grants totalling £166,363. These figures were substantially greater because of the cost of living crisis and increased efforts to promote the Fund to ensure individuals in need could access this support.
Committed to supporting the care sector, the Foundation has played a key role in the establishment of the cross-sector Championing Social Care charitable initiative. Hosted by the Foundation, Championing Social Care is playing a pivotal role in celebrating every aspect of social care and those who represent it. Important milestones for the initiative include £408,000 being raised by the Care Sector Fundraising Ball and a record number of care homes participating in Care Home Open Week in 2022.Last Summer, Care Home Open Week, sponsored by Virgin Money and Civitas Investment Management, saw 2,500 care homes and other settings participating in opening their doors to the public. Over 105 MPs visited a care home during Care Home Open Week. High profile visits included Wes Streeting, Shadow Secretary of State for Health and Social Care, Gillian Keagan, Minister of State for Care and Mental Health and Dominic Raab, Deputy Prime Minster.
“The journey over the past five years of the Foundation has been momentous and has featured important milestones and key successes. The Foundation is extremely proud of the impact it has had on improving people’s lives in the UK and overseas. But, there is still much to do! If the last year has been any indication of where we want to be in the future, as the Foundation moves into the next five years of its journey, it will strive to have even more impact on people’s lives in the social care sector!”
