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

Oxfam GB appoints new director to grow major donor fundraising

22 May 2015

Oxfam GB has appointed a new director in a bid to grow income from what it called “high value” partnerships....

DEC appeal raises £65m in under a month for Nepal quake

22 May 2015

The Disasters Emergency Committee’s Nepal Earthquake Appeal has raised £65m since it opened for donations...

Olive Cooke investigation ‘likely to lead to tighter rules on direct mail and telephone fundraising’

21 May 2015

The Fundraising Standards Board will investigate how charities share lists of donors and whether opt-out...

Think carefully before changing your name, says free guide to rebranding

22 May 2015

Charities considering changing their name must first find out exactly what their staff, beneficiaries...

Homeless shelter investigated over ‘significant private benefit’ payments

22 May 2015

The Charity Commission has opened a statutory inquiry into a Bristol-based shelter after concerns were...

Clic Sargent chief executive to retire at the end of the year

21 May 2015

Clic Sargent chief executive Lorraine Clifton, has announced that she will retire at the end of the year...

Marie Curie grows visitor time and donor numbers online by a quarter after digital relaunch

22 May 2015

Marie Curie set out to improve its use of digital after realising that it was “limiting its future”...

Amnesty trials virtual reality headsets for street fundraisers

21 May 2015

Amnesty International UK has given street fundraisers virtual reality headsets so they can show the public...

Review programme launched to help charity sector embrace digital technology

20 May 2015

A review programme has been launched by think tank NPC to assess how to improve access to digital technology...

Join the discussion

 Twitter button

@CSFinance