Alzheimer's Society posts record income of almost £112m

The increase for the year to 31 March is due in part to a 9 per cent rise in money received from fundraising and trading, the latest accounts say

The report and accounts
The report and accounts

The Alzheimer’s Society posted a record income of almost £112m in 2018/19 thanks to a 9 per cent rise in money received from fundraising and trading, the charity’s latest accounts show.

In its accounts for the year to 31 March 2019, the charity brought in £111.7m, compared with £106.9m the year before.

The charity said this was because of a 9 per cent increase in income from fundraising and trading activities, which was worth £84m to the charity in 2018/19.

The Alzheimer’s Society has increased its fundraising and trading income every year since 2014/15, when it raised £55.8m.

Subsequent years have seen income rise steadily to £66.9m, then £74.1m, £77,7m in 2017/18 and now the latest rise.

A breakdown of the fundraising income in the accounts shows there were increases in income from legacies, individual giving, corporate giving and community fundraising, which all contributed to this year’s large increase.

Spending by the charity in 2018/19 went up to £117.2m from £112.5m the previous year, the accounts show.

This included £12.3m spent on research, according to the accounts.

Jeremy Hughes, chief executive of the Alzheimer’s Society, said "multiple factors" had contributed to the increase in voluntary income.

"Factors include an increase in the range of our new individual giving programmes, fantastic continued support from our regular and lottery givers, an increase in people generously leaving us gifts in their wills, an increased uptake in our mass-participation events, which have grown enormously in the last few years, and the introduction of platforms such as Facebook Donate, which allow our audience to support us in new ways," Hughes said.

"We were also encouraged to see our corporate partnerships strengthen, as businesses as well as individuals realise the enormity of the impact of dementia."

Hughes announced last month that he would step down as chief executive within the next year.

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