Income at Alzheimer’s Research UK has almost tripled over the past five years after a record 12 months for donations, its latest accounts show.
The accounts for the year to 31 March 2019, which were published today, show total income was £38.5m, including donations of £36.7m, allowing the charity to commit £25m to its charitable activities.
The latest results show that income at the charity has almost tripled in the past five years from the £14.2m recorded in 2013/14.
Total spending by the charity in 2018/19 was at £36.1m, the accounts show.
The charity’s accounts for 2017/18 relate only to a seven-month period to the end of March 2018, making year-on-year comparisons difficult.
The success of the charity’s fundraising in 2018/19 helped to support 88 research projects, which made 200 new discoveries about the diseases behind dementia, the charity said.
Its funding included 42,000 regular monthly donors and 11,000 individual fundraising challenges.
The charity's award-winning Dementia Revolution campaign with the Alzheimer's Society, a year-long project around the charities being official charity partners for this year's London Marathon, has raised more than £3.4m for the charities.
Hilary Evans, chief executive of Alzheimer’s Research UK, said: "This has been an incredible year for Alzheimer’s Research UK, and we’re delighted to achieve so much thanks to the amazing people who continue to support our cause.
"It’s hugely encouraging to see more people joining us in our mission to bring about the first life-changing treatment for dementia.
"There is much more to do to achieve our mission, but we know that, with our fantastic supporters, we will make breakthroughs possible."