Macmillan’s total income passes £250m for the first time

03 Aug 2018 News

Macmillan’s total income was over £252.7m for the first time, with its fundraising income raising a record £247.7m, according to the charity’s latest accounts for the year ending 31 December 2016.

Its total income was up from £247.4m in 2016, which was also a record year.

Its income from supporters was £247.7m, which was up £2.8m on the previous year. In 2017 the charity received its two largest legacies it has ever received, one for £7.1m and another for £6.3m. 

This meant its legacy income grew by over 10 per cent to £84.5m. Its income from trading activities was £17.3m.

Macmillan received £5m from investment income. 

Consistent with the previous year, Lynda Thomas, the charity’s chief executive, was the highest earning employee, earning somewhere between £170,000 and £180,000.

The average number of staff employed during the year was 1,838, up from 1,773 in 2016, which includes 376 part time staff. The average number of full time equivalent staff employed during the year was 1,715, up from 1,642. It spent £604,000 on redundancy and termination costs, up by £189,000 on the previous year.

Macmillan’s total expenditure for the year was £356.4m, which including £192m on charitable activities, and £63.4n in raising funds.  

The charity’s chief executive, Lynda Thomas, and chair, Julia Palca, wrote in the foreward for the accounts: “We remain committed to managing our work responsibly and spending the money that our supporters donate and raise for us wisely. Our aim is to always reach and exceed the standards expected of us. 

“We believe that Macmillan and all other charities must be fully open to the highest scrutiny about the way they operate and the behaviour of their employees.”

2017 achievements

Macmillan said that in 2017 it had over 5,700 Macmillan nurse posts, almost 600 more than in 2016.

It estimates that 1.6 million people revived “personal, high-high impact support” from one or more of its services. It said it has supported 304,000 through its cancer information and support services, 658,000 people through its Macmillan nurses, and 207,000 through its Macmiillan allied health professionals.

This figure rises to a total of 6.5 million if it is including those who used its online support and information resources.

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