Our work is totally dependent on donations. 2019 is the final year of our five-year strategy which focuses on delivering our work across three themes:
better treatments and a cure
quality services as standard; and
Our financial statements report our charitable activities by these three themes. Our audited accounts for 2018 are not yet available to publish, however the £5.5m surplus generated in 2017 allowed the trustees to sign off a £1.5m deficit budget for 2018 in order to fund an additional £3m in research and £1m in our digital transformation programme. The charity’s income streams, whilst diverse, are mainly orientated around our fundraising activities. Over 50% comes from legacies and major gifts which can be difficult to predict when they will land. Our income in 2018 dipped, albeit it was still our second best year ever. It has meant that once we complete our audit process we expect to report a deficit of around £3.7m.
We have planned a small surplus budget for 2019 and our reserves still reside at the top end of our range at just below 5 months of planned expenditure.
For our trustees’ report & financial statements visit https://www.parkinsons.org.uk/about-us/annual-report-and-accounts