The Deposit Protection Service (The DPS) has helped with the donation of £1million to homelessness charity partner, St Mungo’s, since the end of 2024.

The rental deposit protection provider said the partnership, which began at the end of 2024, was part of its long-standing commitment to organisations working to combat homelessness.

In July last year, the DPS announced it’s first fundraising milestone, which has now been doubled.

Matt Trevett, Managing Director at The DPS, said: “We are delighted to reach the £1million donation mark since embarking on this partnership. St Mungo’s delivers vital support to people facing some of the toughest circumstances across London and the South of England.

“Many of our employees are also supporting the charity directly, donating time and energy to a number of local St Mungo’s initiatives.”

Meaningful support

The DPS said its partnership with St Mungo’s also aims to provide support in local communities, particularly in Bristol, where the deposit protector is headquartered.

While deposits are held in the DPS account, it accrues interest. When the tenants are due their deposits back, they can opt to donate the interest earned to the charitable fund.

The DPS’ fantastic £1million fundraising milestone and continued support will make a real and lasting difference.”

Michael Reynolds, Director of Fundraising and Communications at St Mungo’s, added: “We are incredibly grateful to The DPS for the donations they have facilitated during the first year of our partnership and to all the tenants who have so generously chosen to donate the interest from their safeguarded deposits to St Mungo’s.

“The DPS’ fantastic £1million fundraising milestone and continued support will make a real and lasting difference, helping people to recover from homelessness and rebuild their lives.”

St Mungo’s added that its 138 services supported around 26,000 people – or 2,100 people every night – who were homeless or at risk of homelessness in 2025.