Despite the continuing uncertainty of the
economic climate, ERUK enjoyed a successful
year with income overall marginally increasing
on the previous year and expenditure being
in line with budget.
Although we experienced a slight decline
in fundraising income this year we were
very encouraged by the fact that income
from individuals actually increased year
on year. The number of people taking part
in events such as the London Marathon and
the Great North Run also increased to well
over 500, although income fell by the equivalent
of approximately £20 per runner. This
is clearly a reflection of the demands currently
being made on people's disposable income,
but if we can maintain this growth in future
years, hopefully income from events will
improve with the economy. Income from charitable
trusts decreased with the continuing low
interest rates have a real impact on their
capacity to donate and income from companies
also fell. The amount we reclaimed from
previously awarded research grants was unusually
high this year, primarily due to a research
fellow leaving his post half way through
a three year fellowship for personal reasons.
Charitable expenditure and governance costs
were generally unchanged from the previous
year. Fundraising costs increased by 10%
which was primarily attributable to an increase
in our legacy marketing which we are confident
will provide us with increased revenue in
future years. Most importantly, we were
able to award over £700,000 in research
grants, a 9% increase on last year.
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