Income was substantially down on last year
due to a drop in legacy income of over £500,000.
However, last year's legacy income was exceptional
and a similar level of income was not budgeted
for in 2008/09. Despite the economic climate,
other areas of fundraising performed very
well, with donations as a whole up 57%. Within
that figure, income from charitable trusts
and companies increased by 136% on last year.
Thanks to a huge increase in the number of
people taking part in events like the Great
North Run on our behalf, income from fundraising
events was also up by 77%.
This allowed us to award over £650,000
in research grants. Further monies had been
made available from reserves to fund additional
research, but our Scientific Advisory Committee
only recommended the most robust and promising
projects for funding, leaving money available
for projects in next year's grant round if
income declines as a result of the recession.
Staff and office costs were significantly
lower due to the rationalisation of staffing
structure and office space following the
merger with the Fund for Epilepsy. This
allowed us to spend more money on our charitable
activities, such as the scientific workshop,
developing a national research network,
and investing in fundraising to ensure we
can continue you grow as an organisation.
Despite the drop in legacy income, we were
still able to dedicate 80 pence in every
pound to our charitable activities.
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