Income of British Heart Foundation rose in 2012/13

Most of the increase came from the charity's shops, but voluntary income was also up

The British Heart Foundation’s income rose by almost £14m to £263.6m in the year to March 2013, according to its annual report and accounts filed last week.

Most of the increase came from the charity’s chain of shops, which raised £161.3m compared with £150.2m in the previous year.The shops contributed £30m after the cost of raising funds, compared with £28.8m in the previous year.

Voluntary income also rose, from £92.6m to £95.4m. The cost of raising funds remained virtually unchanged at £26.2m.

The charity said it had a deficit on reserves of £16.4m compared with £27.7m in the previous year. The charity says this is "a planned position that has been reached after careful consideration by the trustees, who are confident that there are no material risks to the organisation’s ability to operate as a going concern".

The charity had liquid assets, including investments, of £265.3m, but has future grant commitments of £296.9m. The charity’s highest paid employee earned between £170,000 and £180,000 a year.

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