As a vibrant charity and social enterprise, Age UK raises money through fundraising and our trading activities.
Age UK’s income in 2014/15 was £174.6 million, up £7.5 million on 2013/14.
Fundraising makes up almost one third of our total gross income but is our largest source of net income, as we strive to keep costs low and make every penny count.
Our social enterprise income made up nearly two thirds of our total gross income and just over one third of Age UK’s net income. Without this contribution we would have been unable to spend so much on our charitable activity.
Our work today
In 2014–15 our total incoming resources were £174.6 million. Age UK’s main income streams are:
- voluntary £55.4m (£48.8m net / £6.6m costs)
- retail £44.8m (£5.8m net / £39.0m costs)
- insurance and other income £39.9m (£18.8m net/ £21.1m costs)
- other trading income £25.4m (£7.6m net / £17.8 costs)
- income from charitable activities £7.8m
How we helped people in later life
This year we spent £84.0 million on charitable activities this year, up £5.7 million on 2013/14. This is categorised under our 5 ambitions - driven by the priorities that people in later life tell us matter to them:
- Your money £11.8m
- Your wellbeing £18.4m
- Your health and care £16.0m
- Your home £10.0m
- Your community £27.8m
Our £84.0 million spending on charitable activity was much more than our fundraising income of £55.4 million and was made possible because of the contribution of Age UK's social enterprise.
More about our income sources
The generosity of our supporters is vital to our survival - donations and gifts are our single greatest source of income.
- More information on how to make a donation
A donation left to Age UK in your will could make a real difference to people in later life. You can choose whether to donate to our international, national, regional or local work.
- Find out more about leaving a legacy
Events and sponsorship are valuable sources of income. Money is raised through a variety of events including dances, local walks and runs, overseas treks and cycle challenges.
- All about our events and sponsorship
Trusts and Foundations
We would like to thank the trusts and foundations who have generously donated to Age UK, to help older people lead more fulfilling lives.
-Find out about some of our high-value donors
We have around 450 outlets throughout the UK, selling new and donated goods.
- More information about our Shops
We offer a range of products and services tailormade for people in later life. The surplus net profits we raise through trading are gift aided and donated to Age UK.
- More information about our products and services
-Why Age UK sells products