Alzheimer’s Research UK recorded its highest levels of income and spending last year, latest figures show.
The charity’s annual accounts for the year ending in March 2022, published today, show income was £42.2m, up from £39.2m in 2020/21.
It continued to grow last year, having tripled its annual income between 2014 and 2019.
Total expenditure in 2021/22 was up by more than 40 per cent year on year, from £31.2m to £44.9m.
This spending includes £28.6m on dementia research, rising from £21.2m in the previous 12 months.
The three biggest research grants all went to UK universities. University College London received £4.4m, the University of Cambridge £4.3m and Oxford University £2.8m.
Alzheimer’s Research UK also gave £2.5m to the UK Dementia Research Institute, which it co-founded in 2017 along with the Alzheimer’s Society and the Medical Research Council.
The founding agreement ended this year, but the accounts say that Alzheimer’s Research UK will work as a strategic partner to UK DRI and will donate another £12.5m over the next five years.
The charity’s income from trusts and foundations doubled from £3.4m in 2020/21 to £6.9m in 2021/22, while the number of monthly donors rose by 10,000 to 63,000, the accounts say.
The number of staff at Alzheimer’s Research UK has stayed the same at 205 and salary costs have risen by 4 per cent.
Writing in the introduction to the annual report, David Cameron, the former Prime Minister and president of Alzheimer’s Research UK, said the annual cost of tackling dementia will rise to £47bn by 2050.
He wrote: “Tackling a challenge of this urgency and scale demands ambition and relentless energy, and this year, our amazing supporters demonstrated no end of both.”