Marie Stopes International posts record income of £296.1m

The charity's latest accounts also show expenditure in the year to 31 December last year reached £300.9m

MSI's accounts
MSI's accounts

Marie Stopes International had a record income of more than £296m in 2017, the charity’s latest accounts show.

According to its accounts for the year to 31 December 2017, which were published on Companies House last week, the charity, which provides contraception and abortion services, had an income of £296.1m, compared with incomes of £290m and £266.3m in 2016 and 2015 respectively.

The charity also spent £300.9m in 2017, the accounts show, an increase of £21.1m on 2016.

Increases in income and spending from Marie Stopes’ charitable activities were the main reason for the overall rises shown in the latest accounts.

The charity’s grant income fell slightly from £174.3m to £170m in 2017, but the income from its services increased from £85.7m to £93.9m over the same period.

But there was a fall in the charity’s total funds from £117.5m to £107.3m, according to the accounts.

The charity’s highest earner saw their total salary fall by almost £100,000, from between £400,000 and £401,000 in 2016 to between £300,000 and £310,000 in the latest accounts.

The charity has also been hit by the US government’s decision last year to reimpose the so-called "global gag rule", which cuts funding to any organisations that provide abortion services.

Earlier this year, Marie Stopes said that it had secured replacement funding for many of its programmes, but expected to have a £60m shortfall in funding for many of its programmes from mid-2018 onwards.

US funding accounted for 17 per cent of donor income at the time the gag rule was reintroduced, Marie Stopes said.

In the latest accounts, Simon Cooke, chief executive of Marie Stopes International, said the charity now expected to have a shortfall of more than £23m a year from 2018 onwards as a result of the global gag rule.

"However, we have taken steps to ensure that MSI continues to thrive and have built strong processes to ensure financial resilience and sustainability, and improved clinical quality assurance in our core service delivery channels," Cooke said.

"We have also focused on productivity by deployment of our channel success models, meaning better value for money and more impact at no compromise to quality."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
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

Markel

Expert Hub

Insurance advice from Markel

Managing risk at outdoor events

Managing risk at outdoor events

Partner Content: Presented By Markel

Voluntary and community events are increasingly popular, especially around this time of year.