Annual report shows cancer charity's income is up
Supporters of Macmillan Cancer Support helped boost the charity’s income to £186.9m in 2013 - an increase of £34.1m on 2012 according to the charity’s latest annual report.
Its income now comes predominantly from voluntary sources, such as donations, with just 2% coming from grants and investments.
The charity’s largest fundraiser, the World’s Biggest Coffee Morning, raised £20m alone, £5m up on 2012.
Money raised by supporters enabled it to spend a record £121.7m on its services, an increase of nine per cent on 2012.
Its annual report said had strong growth plans and will continue to invest in fundraising to achieve them. Last year, £58.1m was spent on fundraising.
Macmillan’s biggest source of income is legacies with £59.2m raised by gifts in wills in 2013, an increase of 16 per cent on the previous year.
We have strong charitable expenditure growth plans and continue to invest in our fundraising in order to deliver our ambitious plans - Macmillan
“We have strong charitable expenditure growth plans and continue to invest in our fundraising in order to deliver our ambitious plans. Our ambition to increase our reach, therefore, sits alongside the need to take time to ensure we get any new ways of funding right,” the report says.
Meanwhile Oxfam reported its income rose by 6% from £367.1m in 2012/13 to £389.1m in the year to the end of March.
The charity’s annual report said despite a fall in regular giving from £53.8m in 2012/13 to £52.7m last year, the charity’s voluntary income was up by £6.8m on the previous year to £118.3m.
Net income from its shops, which fell last year, was up 5% to £23.5m. Oxfam said this was due in part to a growth in donations through its partnerships with the retailers Sainsbury’s and Marks and Spencer.
Bob Humphreys, finance director at Oxfam, said: "The generosity of our donors, both individual members of the public and institutions, means we are far better placed than this time last year to meet future challenges in our emergency, development and campaigning work.
"We hope they will continue to support us as we respond to looming famine in South Sudan, the crisis in Gaza and other humanitarian emergencies around the globe."
