Fundraisers using Virgin Money Giving, the not-for-profit online fundraising website of Virgin Money, raised £88.3m in the year to December 2014, an increase of 10 per cent from the previous year.

The £88.3m figure was raised through a number of fundraising events, including the Virgin London Marathon. In the previous year VMG raised £80.5m.

Virgin Money’s accounts for 2014 also show that 1,600 more charities registered to raise funds with VMG, an increase of 20 per cent from 8,342 organisations in 2013 to over 10,000.

In the five years since VGM was established in 2009, over £300m has been raised by the various registered charities across the UK.

Blood cancer charity Anthony Nolan was VMG’s charity of the year 2013/14 and  raised over £1.4m and recruited an extra 10,000 donors to its stem cell register through its partnership with VMG.

Henny Braund, chief executive of Anthony Nolan said: “Over £144,000 of this total was raised by Virgin Money staff which is an increase of almost 60% on the previous year.

“This phenomenal amount will enable us to recruit more than 10,000 new donors to our register and save the lives of people with blood cancer now and into the future.”