As our supporters grow, so does our impact
Leading the way
"The influence of The Prostate Cancer Charity is constantly growing. Using its resources skilfully – money, paid staff and volunteers – it has reinforced its position as the leading charity focused on prostate cancer.
The Charity’s ability to do more in tackling the major challenges of prostate cancer depends critically on increasing its income. In 2004/05, overall income rose by six per cent and fundraised income by seven per cent – a solid achievement, despite the major impact of the Tsunami Appeal.
Income from community fundraising increased by 12 per cent, direct marketing by 25 per cent and trusts by 23 per cent. Legacy income – an unpredictable source – was down by 28 per cent and is a focus for development. Corporate income regrettably dipped by 67 per cent due to turnover of key staff. This is now expected to grow substantially.
During the year, the Charity’s Board and staff have worked to maintain tight control on costs and invested more in our fundraising efforts to secure future growth.
Maximising our impact
Research is a key priority. A major new, peer-reviewed research grant worth over £1.5 million was made to Hammersmith Hospital in 2004/05. This had a significant impact on the Charity’s reserves, but still left the Charity with a little over three months’ buffer – in accordance with our reserves policy.
We are enormously grateful for the support of our many donors – individuals and organisations. I am happy to reassure you that these donations are being put to good use and that vigorous efforts are constantly being made to maximise spend on our charitable objects and to challenge the need to incur new costs. If you are not yet a donor, I do hope that you will be encouraged to join the growing ranks of our supporters.
I believe strongly in the importance of charities being transparent and accountable. If you have any questions on The Prostate Cancer Charity’s accounts, please contact Andrew Grimshaw, Head of Finance on 020 8222 7622."
Michael Cook, Treasurer
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