The chief executive of Nuffield Health’s pay has risen to almost £940,000 as the health charity’s deficit doubled year on year to £15m.
The charity’s total revenue increased to nearly £993m for the year to the end of December 2019, according to its latest accounts.
Turnover has risen across its hospitals, wellbeing services, and consumer fitness offering. But total expenditure increased to slightly more than £1bn.
In addition, staff and related costs increased more than £20m to more than £337m, including a year-on-year salary increase of about £90,000 for Steve Gray, the chief executive, to between £930,000 and £939,999.
In 2018, Gray received a bonus of £300,000.
A Nuffield Health spokesperson said: “As a charity, we take a long-term view of our financial performance, channelling our income into improving facilities and new technologies that benefit our patients, members, people and the local communities we support.
“As part of this, we have been making a number of significant, non-recurring investments that will deliver benefits for the charity in the future, and our 2019 accounts included costs for the charity’s transformation and reorganisation.”
Gray has been chief executive of the charity since 2016. Nuffield said he was eligible for a bonus after meeting significant performance and strategic objectives in 2019.
The salary would be the third-highest in the sector when compared with others in Third Sector’s 2019 charity pay study.
The progress under his leadership, the charity said, includes supporting more than 1.5 million people through its 31 hospitals, 113 fitness and wellbeing centres, GP, emotional wellbeing and physiotherapy services, plus supporting young people’s wellbeing through its free School Wellbeing Activity Programme.
“Our chief executive’s pay for 2019 included a bonus if he meets rigorously defined organisation targets, a standard practice across organisations and businesses of our size and complexity,” the spokesperson said.
“This is overseen by the charity’s remuneration committee, which benchmarks through an independent consultant to ensure we are paying in line with median market values.”
The charity said it believed its financial challenges were short term because it had been significantly affected by the Covid-19 pandemic.
Its fitness and wellbeing clubs have been closed since March, while its hospitals have been working to support more than 160,000 NHS patients.