Cancer Research UK has announced that its donations and grants income has topped £500 million for the first time in the charities history.

An increase of 3.4 per cent has taken it over the half-a-billion pound mark for the first time – making it the largest charity by capitalisation in the country.

The figures are for the financial year ending March 2010 and were outlined in the organisation’s annual report.

“It was an excellent year for recruiting new donors, increasing the level of donations, encouraging people to give in different ways and winning back supporters who had stopped giving,” Cancer Research UK’s report said.

As well as boosting donations – which many charities do through increased marketing and promotional gift distribution – Cancer Research UK also received a £10 million legacy from a donor and secured a £9 million tax rebate.

Lynne Robb, chief financial officer, said the downturn had not been as severe as expected so far.

Recently, Cancer Research UK told Third Sector that it was withdrawing support for its many, independently-run high street shops.

1 “Saving Lives: Annual Report and Accounts 2009/10“. Cancer Research UK. Friday, April 15th 2011.

Posted by Cheryl Jackson-Leafield