£1 becomes £8.54 for St Giles Trust
Setting the scene
St Giles Trust is a charity which aims to break the cycle of prison, crime and disadvantage.
Founded in 1962 - originally as The Camberwell Samaritans in the crypt of St Giles Church in Camberwell, south London - it offers a range of services, both in prison and in the community.
The Trust’s aim is to help the 16,000 clients they work with each year overcome myriad barriers which might be holding them back from moving their lives forward in a positive way. By the mid 2000s, St Giles Trust had developed community-based services in Kent and Ipswich, with further hubs in Cardiff and Leeds.
"We offer our sincere thanks to PwC for bringing this to life for us; for enabling us to qualify our net contribution in striving for a healthier, safer, more prosperous society."
How we helped
St Giles Trust wanted to understand, value and clearly demonstrate the societal benefits generated by their activities and asked for our help to do this.
After consulting with the charity, we selected St Giles Trust’s iconic ‘Peer Advisor’ programme to be analysed for this purpose. The charity’s peer advisors are either prisoners, who provide initial support in custody for prisoners, or community-based ex-offenders who give continued support in the community, once clients are released.
The selection of the Peer Advisor initiative was made because the Trust believed that this programme generated the desired impacts considered integral to the charity’s cause - for example increased employment, reduced reoffending and increased human capital through training. We then worked with them to gather data on this programme across these, and other, impact areas.
Using our Total Impact Measurement and Management (‘TIMM’) framework, we estimated the monetary value of the charity’s social contribution across the impact areas: their Social Return on Investment or ‘SROI’.
We estimated that for every £1 invested in St Giles Trust, approximately £8.54 of benefits is generated through a mixture of benefits to the individuals targeted by the charity, benefits to wider society and savings to the public purse.
"We got more than just a number. Using monetary valuation has allowed us to compare our different impacts on a like for like basis, to understand which ones are driving the social value we create"
Making a difference
Understanding their Social Return on Investment has given the charity a robust, analytical evidence base to build support for their cause. It’s also given the charity’s management a unique insight into which of their organisation’s activities generate the most significant impacts relative to investment. This can empower them to make more informed decisions about the charity’s future strategy.
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