Macmillan Cancer Support increases income by almost £29m

Macmillan fundraising events: income from these rose to £47.4m
Macmillan fundraising events: income from these rose to £47.4m

Macmillan Cancer Support’s income increased by almost £29m in 2014, its latest accounts show.

The charity’s accounts for 2014, filed last week with Companies House, show that its income increased to £218.4m from £189.8m in 2013.

The charity’s expenditure also rose by £30m to £221.5m, so that it made a loss of £3.1m over the course of the year.

The increase in income occurred mainly because of a £25.6m rise in voluntary income, including a £10.2m rise in income from fundraising events to £47.4m and an £8.5m increase in income from direct marketing to just under £47m. General donations also rose by £5.4m to £24.4m.

There was a rise in legacy income from £59.2m in 2013 to just under £62m last year.

Investment income was down, however, from £2.4m in 2014 to £1.2m last year.

The charity’s highest-paid employee, who is not named in the accounts, was paid between £180,001 and £190,000. It employed 56 people on £60,000 a year or more.

The average number of full-time equivalent staff was 1,384, up from 1,228 in 2013.

Lynda Thomas, the charity’s former director of fundraising, was promoted to chief executive in March.

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