Finance: The Numbers - Macmillan Cancer Relief

Patrick McCurry

Macmillan Cancer Relief provides care and support for people with cancer and their families. It is best known for its Macmillan nurses, specialist cancer nurses who work in the NHS. Other services include treatment and information centres and benefit advice.

Total income: £89m (up from £79m in 2002/3).

Highest salary: Chief executive Peter Cardy was paid £100,000-£110,000.

Reserves policy: Reserves stood at the equivalent of four to five months' total spending, mainly because of an increase in income from legacies and other fundraising. This figure is at the top end of the charity's reserves range.

Fundraising costs: The charity spent £24.4m on fundraising and publicity and its donated income was £83m. This equates to 29p for every £1 raised.

This was slightly lower than the previous year but is not expected to reduce for some time because the charity is making new investments in fundraising.

Pension: The charity's final salary pension was closed to new members in 2004. Under the FRS17 accounting standard, the final salary scheme was in deficit by £700,000 at the end of the financial year.

How performance is communicated: The annual report is livelier than that of many charities. It includes graphics illustrating income and spending and quotations from service users. There is also a key statistics page that gives an overview of the charity's work. The report does not give much detail about Macmillan's activity and future aims, which are covered in a separate annual review. Reports at

The charity says: Our reliance on voluntary income is challenging, but it guarantees Macmillan's independence. Legacy income increased by £3.7m to a record £31.4m and now contributes more than a third of our total voluntary income. This success reflects our multi-year investment in legacy development.

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