August 05, 2013

High street support helps boost vital research programme

BHF shopThanks to your donations on the high street, we have been able to boost our spending on life-saving research.

Our latest Annual Review, called Team BHF, shows we opened 36 new shops in 2012/13, including 16 larger Furniture and Electrical stores. It takes the total number of BHF shops across the UK to 732, confirming its position as the biggest charity retailer in the UK.

Thanks to invaluable support from the public, our annual retail sales profit rose by 8 per cent to £31.1 million. In the previous financial year, we had sales profits of £28.7 million.

A decade ago, our shops had declining profits of just £8 million. Today, the charity is one of the fastest growing home retailers in the UK. It recycles around 50,000 tonnes of donated goods each year, including books, clothes and furniture.

Such strong support from shoppers meant we could invest £90.7 million in research in 2012/13, including £9.6m on finding a cure for heart failure as part of our Mending Broken Hearts Appeal. The previous year, we invested £88.4 million in research.

Our Chief Executive, Simon Gillespie, said: “Thanks to incredible support up and down the UK, including on our high streets, we’ve had a record-breaking year. In tricky economic conditions, donations and retail profit have increased and allowed us to fund a vast amount of trailblazing science that has taken the fight to heart disease.

“Ten years ago, our shops were raising £8 million and reporting a decline. Now profits are almost four times that amount and our shops are more popular than ever. Our investment has yielded excellent profits and allowed us to spend even more on our charitable objectives.

“If you’ve been through the doors of one of our shops you’re part of a life-saving team which has helped raise millions of pounds for vital research. The fight can’t end here though and we need more donations and support each year if we’re ever going to end the suffering caused by coronary heart disease, the UK’s single biggest killer.”