Alzheimer’s Research UK's income up 24 per cent

14 Feb 2017 News

Hilary Evans, chief executive of Alzheimer's Research UK

Alzheimer’s Research UK has announced that its income rose by 24 per cent in 2015-16, with voluntary donations to the organisation topping £20m for the first time in its history.

In figures released as part of its Annual Review 2017 on 10 February, Alzheimer’s Research UK reported that its income had grown by 24 per cent to £22m in 2015-16, with voluntary donations exceeding £20m in the same timeframe for the first time in the organisation’s history. 

This increase in donations enabled the charity to invest £17.9m into charitable activities in the financial year, a 42 per cent increase on the previous financial year. The organisation said that £14.8m of that figure were invested in dementia research. 

The figures made Alzheimer’s Research UK one of the country’s top 10 fastest growing medical research charities. 

Hilary Evans, chief executive of Alzheimer’s Research UK, said: “Over the past year we have seen unprecedented support from the public, and this growing support has enabled us to push further ahead with an ambitious programme of research to defeat dementia.

"We are only able to invest in our pioneering initiatives because of the backing of our thousands of dedicated supporters, and we are hugely grateful for every donation we receive".

Alzheimer’s Research UK sees 22 per cent increase in donors

In the financial year ending 31 August 2016, Alzheimer’s Research UK raised a total of over £22m, with over £20m of that coming from donations made by the public. This figure was 22 per cent higher than in 2014-15, and was the highest amount the organisation had ever raised.

The organisation also said that in the last financial year, it now has more than 20,000 donors who give regularly to the organisation. In the last year, it also received its highest ever one-off legacy donation of £1m. 

As part of its increased investment in dementia research, the organisation also awarded 64 new research grants including its first-ever grant award, and became a founding partner in the UK Dementia Research Institute alongside the UK Government and Alzheimer’s Society. 

Over the last financial year, Alzheimer’s Research UK took on 16 new full-time and two part-time staff, increasing total staff numbers to 93 from 75 the previous year. 

Seven members of staff were paid salaries of £60,001 or more in a year, with the combined salaries of the chief executive, chief scientific officer and executive director of fundraising equalling £285,056 for the year. 

For the same period, Alzheimer’s Research UK had a total expenditure of £24.4m, with £17.8m going towards charitable activities and a further £6.5m going towards raising funds. In the same period in 2014/15, Alzheimer’s Research UK spent £17.8m.

 

More on