Alzheimer’s Research UK, the country’ largest dementia research charity, has grown by 38 per cent in a year to an income of £30.5m, according to annual reports and accounts published today.
The charity’s income comes almost entirely from donations. Donated income grew by 44 per cent to £29.1m, including a single gift of £3.8m from the Mike Gooley Trailfinders Charity.
This is the latest of several years of rapid growth for the charity, which has tripled in size over the past five years, in recognition of the growing impact of dementia on ill health in the UK.
The charity made 88 grants to support dementia research, and earmarked £7m to support a new Dementia Research Institute.
Staff numbers rose from 93 to 107, of whom 61 work in fundraising. The highest paid member of staff earned between £140,000 and £150,000.
Hilary Evans, chief executive of Alzheimer’s Research UK, said: “With no government funding for our research, we can’t do anything without our supporters. Over the past year record numbers have joined our fightback, helping us to take significant steps towards our mission of bringing about the first life-changing treatment for dementia.
“Dementia is now the leading cause of death in the UK, and with no treatments currently able to stop or slow the underlying diseases this makes our mission, and the efforts of all those who power our work, all the more important.”
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