Pandemic causes £400,000 drop in pay for Nuffield Health chief

Steve Gray's remuneration fell from between £930,000 and £939,999 in 2019 to between £520,000 and £529,999 last year, latest figures show

Steve Gray
Steve Gray

The performance-related pay of Nuffield Health’s chief executive decreased by £400,000 last year as the coronavirus pandemic caused the healthcare charity's total income to fall by more than £210m.

Nuffield Health’s total revenue was reduced from more than £993m in 2019 to nearly £780m for the year to the end of December 2020, according to its latest accounts.

The charity said it was exceeding its targets before the pandemic hit in March last year, but making its hospitals available to the NHS at cost and closing its fitness and wellbeing centres in line with government restrictions had a significant impact on revenue.

It also adapted its services to be fully remote.

Spending on charitable activities fell from nearly £990m to more than £730m in 2020.

Despite this, the charity said it delivered a positive earnings before interest, taxes, depreciation and amortisation of £14m, which was reinvested into its charitable activities.

Total spending fell from more than £1bn to just over £872m.

The pay of Steve Gray, chief executive of the charity, fell from between £930,000 and £939,999 in 2019 to between £520,000 and £529,999 last year.

A Nuffield Health spokesperson said: “The individual is incentivised if they meet rigorously defined organisation targets, a standard practice across organisations and businesses of our size and complexity.

“Given the challenging environment during 2020, these targets were not met, therefore the individual did not receive a bonus.”

In 2018, Gray received a bonus of £300,000.

The latest accounts also show that staff and related costs were also reduced by £13m to £324.6m as employee numbers fell by 51 to 15,752, including £700,000 spent on redundancies.

The charity said a number of people left last year through “natural attrition” and a small number were made redundant as part of a revision of its fitness and wellbeing operating model.

The spokesperson said: “During 2020, we continued to support the health of the nation, treating nearly 250,000 patients including those in need of urgent elective and cancer care and Covid-19 patients needing end of life care.

“We adapted many of our clinical services to be fully remote and launched the UK’s first community rehabilitation programme for people recovering from Covid-19, available to participants free of charge.”

“We’re in a unique position as the UK’s largest healthcare charity – with a strong purpose and connected health offering – to meet the rising demand for healthcare services.

“With health and wellbeing at the top of everyone’s agenda, we believe we have an important role to play in supporting the recovery of the nation and more people in our local communities to live healthy, get better and stay well.”

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners