Our finances

Annual report 2017/18

Read our Annual report and financial statements 2017/2018 (2.9mb).

Key facts and figures 2017/18

  • 47,500 older people, 56% of whom were women, were supported to improve their income and food security through out project work in 15 countries.
  • 3.15 million more older people are entitled to receive free healthcare following new or revised government health and care policies.
  • 47,000 older people's health, careand nutrition needs were met in humanitarian crises.
  • 280,000 older people accessed information about law and support services through out work with 46 partner organisations in nine countries. 
  • 2,000 older people's associations in 18 countries to monitor the services that matter to them.
  • 100,000 people in 47 countries took part in Age Demands Action campaigns.
 
In 2016, we began a major organisational restructuring, both to deliver our Strategy to 2020, and to adjust to the changing financial position and external environment. In line with our strategic vision, to focus on our role as a global secretariat, the change process included decentralising functions from London to our regional centres and hubs, closing some country offices to support national organisations and regional networks, and investing in building our technical resources. 
 
Our total income in 2017/18 was £21.9 million, and despite the changes in the donor funding environment in the UK, particularly the Department for International Development’s review of its civil society funding strategy resulting in the closure of its Programme Partnership Arrangements in December 2016, we ended the year with a surplus of unrestricted income of £100,000, which was re-invested in our reserves.
 
These changes inevitably brought challenges, but we are now in a stronger position to support our global network, not solely by distributing aid but by supporting older people themselves as agents of change and helping societies to adapt to population ageing. HelpAge International is at the forefront of this growing network of support and advocacy, and we can look forward with confidence to the future.

Where our money came from and how we spent it

Where our money came from - £21.9 million

Where HelpAge International's money came from 2017-18

Where we spent this money - £23.7 million

Where HelpAge International spent its money 2017/18

How we spent this money - £23.7 million

How HelpAge International spent its money in 2017/18

 


In determining HelpAge International's Ethical Fundraising Policy, its board of trustees is aware of the need to ensure an adequate and sustainable funding base. In accordance with charity law, HelpAge's trustees have an obligation to maximise resources for the charity and, in turn, expenditure on activities that benefit the millions of poor older people around the world.

No fundraising costs were incurred for generating voluntary income because we do not raise funds from the public directly in the UK. 


We welcome donations to support our work with older people in developing countries. Make a donation online today.


Thank you to all our donors, including:

Cordaid Irish Aid Fk Norway
BMZ HelpAge Korea DFID
HelpAge USA HelpAge Deutschland Big Lottery Fund
ECHO KOICA LIFT
USAID DEC European Union
Age International Hilton Foundation Sida
AARP Foundation HelpAge Espana  
  aecid logo CIDA  

 

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