Sue Ryder’s income has grown by £6.4m, mainly down to an increase in retail income of £6.2m, according to its recently published accounts.

Total income at the hospice and palliative care charity was £90.3m for the financial year ending 31 March 2014, up from £83.9m the previous year.

Income from shops rose from £41.9m in 2013 to £48.1m in 2014, however the cost of generating income from shops rose from £36.4m to £42.7m. The charity opened 26 new shops including seven appeal shops to raise money to build a new hospice in Peterborough. It has more than 400 shops in total.

Sue Ryder has seen its income rise steadily over the last four years; in 2010 reported an income of £76.2m.

Expenditure in 2014 came to £90m, with £41.6m spent on charitable activities and £47.9m on generating income.

One member of staff was paid up to £140,000, and one member of staff up to £130,000. The previous year the highest paid member of staff earned up to £120,000. In 2013/14 25 members of staff earned more than £60,000, up from 16 the previous year.

• Sue Ryder was the charity with the most new shops in the Charity Shops Survey 2014, which will be published with the October issues of Charity Finance and Fundraising magazines. Pre-order your copy here.