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Shops trading helps to boost income for Action Cancer
Howard Lake | 7 September 2016 | News
Northern Ireland charity Action Cancer maintained its income levels in 2015 thanks to a strong performance from its charity shops, according to the latest accounts.
Total income for 2015 was just under £4 million, marginally below the figure for 2014. Voluntary income last year fell from £1.6 million to £1.4 million but charitable trading grew from £1 million to £1.3 million.
Voluntary income for Action Cancer included donations, which fell from £1.2 million to just over £1 million last year. This figure includes and in-kind value of £223,000 from bill board company Clear Channel.
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Legacies in 2015 came in at £219,000 from £334,000. The accounts note that they have free reserves of £3.8 million, more than double their reserves policy, because of ‘exceptional legacy’ income in recent years of £2.5 million.
Image: Action Cancer
Fundraising income, which includes a wide range of events and community activities, was about the same in the last two years at £1.2 million.
Fundraising costs were up from £1.4 million to £1.5 million. The cost of the charity retail operations increased significantly, from £773,000 to £929,000.
Fundraising and retail staff last year totaled 37.
- New partnership to grow charitable giving in N Ireland (11 October 2016)
- Halifax Foundation for NI increased grantmaking in 2015 (18 October 2016)
- £500,000 available for community halls in N Ireland (27 October 2016)
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.