Share

Alzheimer's Society reports £9.4m income increase

Alzheimer's Society reports £9.4m income increase
News

Alzheimer's Society reports £9.4m income increase

Finance | Jonathan Last | 3 Dec 2012

Alzheimer’s Society has increased its income by £9.4m from £61.6m to £71m – a 15.25 per cent rise.

The figure, revealed in the charity's accounts for the year ending March 2012, is the first time the charity’s income has exceeded £70m.

It continues an upward curve in Alzheimer’s Society's income: £41.3m, £45.5m, £51.7m and £58.9m from 2007 through to 2010 represented the increases of 10.16 per cent, 13.62 per cent, 13.92 per cent and 4.58 per cent respectively – making this also the largest escalation in years.

Voluntary income, consisting of donations and legacies, amounted to £41.1m, up from £32.1m in 2011. Total funds at 31 March 2012 were £29.1m (£28m in 2011), of which £22.2m were unrestricted.

The income boost allowed Alzheimer’s Society to increase its charitable expenditure by 9 per cent, and the Society’s reserves also increased by £1.1m.

The charity funded £3.1m of research grants towards new research into the cause, cure, care and prevention of dementia in 2011/12, and 88 pence in every pound of total expenditure went towards its charitable objective of improving the lives of people with dementia – up from 87 pence the previous year.

2012/13 is the first year of the Society’s new five-year strategy, which is built around four strategic aims: demonstrate the way in dementia care and support; be the foremost point of contact for anyone dealing with dementia; lead partnerships and investments in research to improve care, advance prevention and move closer to a cure; and campaign for people affected by dementia to be able to live the lives they want.

In August the charity announced that that it was shutting its third and final charity shop, citing its retail chain as being “not economically viable”.

 

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

IoF calls for annual income cap on society lotteries to be raised from £10m to £100m

1 Oct 2014

The Institute of Fundraising is calling for the annual income cap on society lotteries to be increased...

GOSH Children's Charity to resume telephone fundraising with NTT

30 Sep 2014

Great Ormond Street Hospital Children’s Charity has said it will resume telephone fundraising with NTT...

Help the Hospices rebrands as Hospice UK

29 Sep 2014

Help the Hospices has rebranded to become Hospice UK to better reflect the “breadth, dynamism and flexibility”...

Ipso would have investigated Mirror over Newmark sex text story regardless of complaint

1 Oct 2014

The chair of the new press regulator has said that the Sunday Mirror story which forced Brooks Newmark...

New buying group formed to support growth of social care charities

1 Oct 2014

A new membership group was launched today to support the growth of health and social care charities and...

Work Programme architect is new director of Office for Civil Society

30 Sep 2014

Helen Stephenson is leaving her post as director of the Office for Civil Society and being replaced by...

New organisation to arrange free data security support for charities

1 Oct 2014

A new scheme matching up IT professionals from the private sector to provide free advice on security and...

JustGiving page for Manchester Dogs’ Home receives four donations a second

15 Sep 2014

JustGiving has said that donations going to an appeal for the Manchester Dogs’ Home following an arson...

Commission's new online charity search to launch soon after delay

15 Sep 2014

The Charity Commission’s searchable online register of charities is due to launch in beta this autumn,...

Join the discussion

 Twitter button

@CSFinance