Cathy Gilman
Posted by

We'd like to share our latest report with you ...

Cathy Gilman
Posted by
05 Aug 2014

We've just published our latest Trustee Report and Accounts for the financial year 2013-2014. Read it to find out how we're beating blood cancer.

We are here to change the world ...

… and thanks to you we did just that in the last financial year!

It’s an important day for Leukaemia & Lymphoma Research. We’ve just finalised our Trustee Report and Accounts for the financial year April 2013 to March 2014 and are now delighted to share it with you, so you can see how we’ve been investing the money so generously donated by you, our supporters.

There’s so much to read about in the report, so if you’re too busy enjoying the sunshine, why not start off with my edited highlights?

Highlight 1: £24 million for patients
 

In the last year we invested a further £24 million in research, trials and patient services that will stop people from dying; make patients’ lives better and stop people from getting blood cancers in the first place. This means by the end of March 2014  we had £70 million committed to patients over the next 5 years, and our Trustees have already committed a further £10.3 million in the new financial year – so a great start to this year too!

Highlight 2: voluntary income up £19%

Our voluntary income was the best result ever, £12.7 million and 19% ahead of last year. There were many highlights that you can read about in the report, but the really good news is that we saw growth across all of our fundraising activities – which means more money for life-saving research and support for patients.

Here, you can see where we invested the money raised by disease type.

Highlight 3: making every pound work

You can see from our reserves and the explanation of our more progressive approach to looking at financial risk on page 27 of the report, that we’re trying to make every pound work harder for patients. This is in line with Charity Commission guidance which says:

“Reserves levels which are higher than necessary may tie up money unnecessarily. Holding excessive reserves can unnecessarily limit the amount spent on charitable activities, reducing the potential benefits a charity can provide.”

By seeking sound advice and by looking at the terms of our grants and considering our financial rules, we’ve been able to release £7.8 million from the balance sheet over the last 15 months to commit even more for patients.

Highlight 4: you!

The most important highlight of all – you!  Thanks to the incredible talent, determination and commitment of thousands of people – patients, nurses, clinicians, researchers, employees, fundraisers, volunteers and many other organisations – we’re making more progress for patients than ever before. It’s a time of unparalleled opportunity where we can clearly see new cures in the next decade, much better treatments and even the possibility of preventing some blood cancers. This is only possible thanks to you.

I hope that you’re inspired by all that you’ve helped us to achieve. Together we’ve lived our belief that life is a gift to be used wisely and lived fiercely and we really value your support. Thank you.

Comments

06.08.2014

Fantastic overview, Cathy, and some really amazing stand-out highlights. Great to hear that voluntary income is up and that we've invested another £24 million into the research, trials and services that will continue to make a difference to the lives of blood cancer patients. Go team Leukaemia & Lymphoma Research and by team I mean EVERYONE - staff, patients, researchers, volunteers and supporters. Together we will beat blood cancer!