Navy charity Assist for Heroes plans to chop 142 workers roles, saying its revenue has dropped by almost a 3rd through the pandemic.
The charity, which helps wounded veterans and their households, depends on public donations for 97% of funding.
However since March many fundraising occasions have needed to be cancelled or postponed.
Charity chief Melanie Waters mentioned the disaster had hit them onerous, saying: “These powerful choices have been made to guard the way forward for the charity.”
Three Assist for Heroes restoration centres – in Yorkshire, Devon and Essex – will stay closed indefinitely as Assist for Heroes focuses on face-to-face group and online-based assist.
The charity mentioned demand for its providers rose by 33% throughout Might and June – in comparison with the identical interval final 12 months – as the results of the nationwide lockdown impacted on veterans’ psychological well being.
Requests for assist with bodily circumstances additionally elevated by almost a 3rd over the identical interval.
In the meantime, the charity – which furloughed 130 workers initially of the pandemic – mentioned it anticipates funding will stay down by not less than a 3rd for the foreseeable future, because the financial system struggles to get better.
Ms Waters mentioned a significant restructure was the one approach the charity may proceed with its work.
“In 2007, we made a promise on behalf of the nation to offer lifetime assist to wounded veterans, and their households, and we’re striving to maintain that promise,” she mentioned, in a press release on their web site.
“The disaster has had a devastating affect on the entire UK charity sector, with lasting penalties, and it has hit us onerous.”
The charity mentioned it was working carefully with the Ministry of Defence ‘to offer core restoration actions for wounded, injured or sick service personnel’ and hoped to reopen its Tedworth Home restoration centre in Wiltshire, with social distancing measures in place – in addition to their group workplace in Wales.
Final 12 months, the charity – which was arrange in 2007 by former Military Captain Bryn Parry and spouse Emma – raised round £27m.
“We stay completely dedicated to our wounded and their households and can proceed combating for, and altering the lives of, these we assist for so long as they want it,” mentioned Ms Waters.