UPDATE - Issue 23 - Autumn 2005
Another record breaking year
Our 2004/05 accounts are now available and show our income has increased by nearly a third.
INCOME ±800,804
These accounts report on a year when the charity went through a complete reorganization. We have seen sustained growth in both activity and income: the number of requests for information more than doubled, queries to our redesigned website rose by 71% and the number of supporters held on our database increased by 39%.
During the year we ran a major awareness campaign (Ignorance Isn't Bliss), introduced three new information brochures and a DVD/Video entitled Treatment Options in Early Prostate Cancer, and we have a strategic plan for the next five years which identifies what we need to do to improve the service we offer those affected by prostate diseases.
Our total income for the year was £800,804, an increase of 29% from the previous year, and we have budgeted on increasing this by 12% in the forthcoming period. Events, run by both the charity and by our supporters, remained our main income source, supplemented by donations, legacies, and trusts.
EXPENDITURE £659,263 net of Carried Forward
Expenditure grew by 9%. Research was up by 12% and the provision of information and awareness material was the fastest growing sector. We awarded grants of £368,166 to twelve projects, including a substantial amount for the training of health professionals. We plan to increase awards to over £400,000 in this financial year.
Income exceeded expenditure by £141,541, which together with previous amounts carried forward, brought total reserves to £441,873. This included provision for a possible downturn in our income as a result of competing appeals for natural disasters such as the Tsunami.
So far this year, we have seen a significant drop in direct donations and a major rise in both income from Charitable Trusts and from events run by volunteers.
We are enormously indebted to all those individuals, trusts and companies who support the charity: it is they who make the work and continued growth of the Prostate Research Campaign UK possible.