Macmillan Cancer Support's income rises by £17m to reach record high

The charity's accounts for 2016 also show that income from legacies increased by 20 per cent

Macmillan Cancer Support’s income rose by approximately £17m to reach a record high of £247m in 2016, its latest accounts show.

The charity's accounts, which were released last week and cover the year to 31 December 2016, showed income grew by 7 per cent to hit £247m, compared with £230m the previous year.

The charity’s spending also increased by more than £5m from £240.5m to £245.6m in 2016.

Income from legacies also rose by more than £13m, up 20 per cent from £63.9m in 2015 to £76.8m in 2016.

The accounts say that it expects that £35m of the legacy income accrued will be received within the next year.

Overall income from donations, excluding legacies, also increased from £151.1m to £156.5m, according to the accounts.

This meant that the charity had a surplus for the year of £6.2m, and cited a "very strong income performance in the latter part of the year" as a key reason for its record income.

MacMillan’s total funds also rose from £58.1m to £64.3m in the latest accounts.

The charity’s chief executive, Lynda Thomas, saw her income rise from within the £160,001 to £170,000 wage bracket to between £170,001 and £180,000, the accounts show.

Total earnings for Macmillan’s executive team, including pensions, benefits and termination payments, were almost £1.3m compared with £929,000 the previous year. 

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Charity Finance Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Safeguarding in the Third Sector

Safeguarding in the Third Sector

Partner Content: Presented By Markel

Safeguarding - the process of making sure that children and vulnerable adults are protected from harm - is a big concern for organisations in the third sector.