Former St Mungo’s chief executive receives £160,000 payout

29 Oct 2014 News

Former St Mungo’s chief executive Charles Fraser received a payout of almost £160,000 when he stepped down earlier this year, according to the charity’s latest accounts.

St Mungo's Broadway

Former St Mungo’s chief executive Charles Fraser received a payout of almost £160,000 when he stepped down earlier this year, according to the charity’s latest accounts.

Fraser left his post in March 2014 after 33 years at the charity, including 20 as chief executive. St Mungo’s formally merged with Broadway on 1st April, 2014.

The charity’s 2013/14 accounts reveal that Fraser’s “additional contractual payments” came to £157,538. His full payment for the year 2013/14, including his annual salary, came to £274,000.

In 2014 the charity reported eight members of staff earning over £60,000 a year.

In 2014, the charity employed a total of 1,219 staff – up from 1,112 the previous year. The costs of wages and salaries jumped by almost £2.5m, from £28.3m in 2013 to £30.8m in 2014.

At the point of merger, St Mungo's reported income was £53.8m - up from £49.1m in 2012 - and more than three times the size of Broadway's income the same year which stood at £15.2m.

Staff at the newly merged St Mungo’s Broadway charity ended a seven-day strike on Friday. Some 500 workers, led by the union Unite, were protesting over changes to pay for new staff members.

The pay changes will mean that new staff receive wages in line with market rates as opposed to rates set by the National Joint Council. Unite is arguing that the changes will lead to reduced pay for new staff.

Paul Doe, chair of St Mungo’s said in the annual report: “Now operating as St Mungo’s Broadway, we provide a bed and support each night to more than 2,500 people who are either homeless or at risk, and work to prevent homelessness, helping about 25,000 people a year.

"Together we have more than 250 projects across London and the South, about 1,200 dedicated staff, 600 generous volunteers and a huge body of amazing supporters.

“I would like to express my sincere thanks to board colleagues, new and old, and staff who spent much of 2013 preparing with great care and diligence for our successful merger on 1 April 2014. They worked tirelessly on this additional venture, while in parallel continuing ‘the business as usual’ of supporting clients to rebuild their lives.”

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