Cancer Research UK received £540m in fundraising income, an increase of 2 per cent from the previous year, according to its annual report and accounts for the financial year to March 2019.
The total income was £672m, an increase of 6 per cent on 2018, which included £431m from donated income, with legacies, the largest source, contributing 44 per cent. It also received nearly £109m from trading activity. It combined donated income and trading income to come up with the fundraised total.
Legacies and Race for Life income up
Legacy income at CRUK increased to £188.6m in 2019 from £181.5m in 2018.
Michelle Mitchell, chief executive at CRUK told Civil Society News in January the charity would “continue to significantly invest in a number of areas, one of which is legacy giving, which remains terribly important for us”.
She also said the charity would “revamp and modernise” its flagship mass participation event Race for Life.
The event raised £35m, which is £3m more than the previous year, while Stand Up To Cancer brought in £18m, an increase on £11m the year before.
Race for Life is the largest mass participation event in the UK but its income fell in previous years, raising £32m in 2018 compared to over £50m in 2015.
Donations fell to £184.8m in 2019 from £192.4m in 2018, but events income rose to £57.4m from £49.2m.
82p in the pound to beating cancer
CRUK calculated that for one pound from donations, investments and royalties, 82p went to beating cancer.
Professor Sir Leszek Borysiewicz, chair at CRUK said: “We’re in a solid financial position, thanks to another strong fundraising effort, with more funds available for research than almost any time in our history.”