Action for Children spent £1.5m on redundancies as it lost more than 300 staff last year, the latest figures show.
The charity’s accounts for the year to 31 March 2019 show the charity employed an average of 4,608 people over the course of the year, down from 4,931 in the previous year, which the charity said was partly the result of an internal restructure.
They show the charity spent £1.5m on redundancies during the course of the year.
Nobody from Action for Children was able to confirm on Friday afternoon how many redundancies had been made during the restructure.
The charity’s accounts show that income and expenditure were stable at the charity, with income at £150.8m compared with £151.3m the year before.
Expenditure rose slightly from £148.8m to £149.3m.
Total wages and salaries at Action for Children also fell, from £82.2m to £80.2m.
"The fall in staff numbers is in part due to restructuring, but also because of our service mix, which is constantly changing as contracts end and new contracts begin," a statement from the charity said.
"There has been a restructure, in the main, around central services at the organisation.
"Over the past financial year we sought to ensure our central services are fit for purpose and help our staff meet the needs of the children we serve."
The charity helped 387,000 children, young people and their families in 2018/19, and ran 476 local services across the UK, as well as work in schools and online, the accounts show.
The charity said that 82 per cent of the children and young people it helped had an improved, warm or loving relationship with a parent or carer.