Below is a breakdown of how we raised and spent money in the 12-month period from 1 January 2020 to 31 December 2020. For more detailed information on our finances, have a look at our annual report.
How we raised money
Donations and public fundraising - £7.7m (49.4%)
This includes individual and group fundraising from challenge, community and special events as well as one-off or regular donations.
Corporate partnerships - £3.6m (23.1%)
Income from corporate partners including charity of the year partnerships and employee fundraising.
Music and events - £1.6m (10.2%)
Income from music and special events.
Trusts and foundations - £1.6m (10.2%)
Grants from charitable foundations and trusts.
Coronavirus Job Retention Scheme - £1.1m (7.1%)
The charity used the government’s furlough scheme during the pandemic to reduce costs and ensure frontline services could be maintained.
How we spent money
Teenage Cancer Trust relies wholly on public donations. We receive no NHS funding, and other than benefiting from the furlough scheme in 2020, we receive no government funding either.
It’s vital we invest in our future and make sure we can carry on doing what we do year after year. That’s the only way we’ll still be there for the 2,500 young people who’ll be told they have cancer next year, and every year after that.
Here's a breakdown of how we spent money in 2020:
Supporting young people during treatment - £4.4m (29.3%)
This includes running and maintaining 28 units in hospitals across the UK; funding our expert nurses, Youth Support Coordinators and Multi-Disciplinary Team Coordinators; and funding and development of NHS nursing and support staff.
Supporting young people after treatment - £1.2m (8.0%)
This includes our virtual Find Your Sense of Tumour event and the development of the Teenage Cancer Trust Connect platform.
Before diagnosis - £2.5m (16.7%)
This includes our work to raise awareness of cancer.
Underpinning our services - £1.5m (10.0%)
This includes our policy and influencing work, safeguarding, research and service development.
Fundraising - £5.0m (33.3%)
For every £1 we spent on fundraising activities, we raised £2.73 to make sure no young person faces cancer alone.
Trading - £0.4m (2.7%)