Method statement

Method Statement for our Impact Report

This document outlines the method that we used to present data in our Five Year Impact Report and includes some caveats about the information.



The information reported in a summary of evidence that we have received from our investments about social impact. Charities and social enterprises submit impact data to social fund managers who then report is back to us on an annual basis. We have a contractual requirement for social impact evidence in our investments and review it formally at our internal Valuation Committee on an annual basis.



The standard of evidence for impact data varies according to the purpose of a specific investment and the resources that they have to measure social impact. Some investments have self-reported data whereas others have independent reviews or evaluations. As outlined in the report, we believe that organisations should only gather what is specific, proportionate useful and relevant to their work.



Where possible we have aggregated data from across charities and social enterprises to provide headline figures. The aggregate figures charities and social enterprises who gather the same metrics. The percent of deals which have been used to aggregate the headline figures for each outcome area are below. It should be noted that within outcome areas there is a wide variety of very different interventions delivered by charities and social enterprises so it is not always possible to use the same metrics.

The aggregate figures used are based on interim impact data so we would expect them to increase over time. There is also time lag between capital being committed to a social fund manager, then finance being drawn down by a charity or social enterprises, then an intervention starting and then impact data being gathered and submitted so we do not have impact data from all frontline organisations yet as it is not due.

Housing and Local Facilities 22%

Income and Financial Inclusion 11%

Physical Health 38%

Mental Health and Wellbeing 4%

Citizenship and Communities 22%

Families and Relationships 21%

Employment, Training and Education 16%

Arts, Heritage, Sport and Faith 15%

Conservation of the Natural Environment 22%


Social Impact Performance Statistics

We have included a statistic on the overall social impact performance of charities and social enterprises in each outcome area. This is based on the monitoring information which we have received from social fund managers.


Coding of Investments

Charity and social enterprises are coded against one outcome area and the overall figures are presented in the relevant sections of the report. Some charities and social enterprises may indeed cover multiple outcome areas but we have chosen to assign them to the one that most closely relates to their work to avoid double, triple or quadruple counting.


For any impact queries please contact Marcus Hulme.