Macmillan Cancer Support voluntary income up by 13 per cent in year to December

There was a 50 per cent increase in income from the charity's World's Biggest Coffee Morning, according to its annual report

Macmillan Cancer Support: World’s Biggest Coffee Morning
Macmillan Cancer Support: World’s Biggest Coffee Morning

Macmillan Cancer Support’s voluntary income rose by £11.6m to £100.8m in the year to December 2012, an increase of 13 per cent, according to accounts filed this week.

The charity’s overall income rose by £11.1m to £155.7m, an increase of 8 per cent. The other main source of income, legacies, remained steady at about £52m.

The charity says in its annual report that there had been a rise of nearly 50 per cent in income from its World’s Biggest Coffee Morning, which rose to more than £15m, and a 24 per cent increase in its direct marketing income, which rose to £32m.

The charity’s fundraising costs rose from £46m to £50.6m.

It spent £163.3m in the year, meaning that for the second year in a row it spent about £8m more than it raised. But the charity still has reserves of £35.1m, which is above target, the report says.

The report says the charity has budgeted to increase spending further in 2013.

"We remain positive about the future, having done much in recent years organisationally and financially to ensure we are in good shape for both the short and the long term," it says.

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