With income close to £1.4 million, 2014/15 was the charity’s second most successful year ever in fundraising terms. Trust income increased significantly thanks to the very generous support of the James Lewis Foundation. Income from fundraising events also increased markedly on last year.
The increase in income allowed us to allocate more to research projects with the final sum committed being 34% up on the previous year. Expenditure on our other charitable activities also increased as we developed our social media activity to raise awareness of epilepsy and the need for research into the condition. We continued to keep our fundraising costs under tight control and expenditure decreased slightly on last year without any adverse effect on income.
During the year we took the decision to place £170,000 into a designated research fund to ensure that monies are available to maintain an acceptable level of research grants should we experience an unexpected drop in income in any given year. Legacies are the main area where income can vary substantially from year to year. In order to mitigate against this we will be implementing a legacy campaign in the coming year which we hope will ultimately result in a more regular income stream.