Jewish Care has seen its income go up by more than £8m from £45.3m to £54m, mainly due to capital fundraising and the sale of two properties, according to the social care charity’s recently published accounts.
The charity’s income from government grants and fees remained stable at just over £29m while its voluntary income has increased across the board. The charity also received £4.4m from the sale of two former care homes, in the financial year ending March 2014.
Legacy income increased from just under £3m to £4.5m. Revenue donations increased from £10.2m to £11.9m and capital donations from £1.7m to £2.6m. So far 95 per cent of the £17m needed for the construction of the Betty and Asher Loftus Centre has been committed. The campus is due to open soon and will have three care homes and a day centre for people with dementia.
It is the first year that the Jewish Association for Mental Illnesses’ accounts have been consolidated with Jewish Care’s accounts following the launch of a partnership between two charities. Its income for the year was £2.2m with an expenditure of £1.9m.
Total expenditure for the year was £47.2m, slightly up on the previous period. The charity employed 1,080 people during the year. Some 14 members of staff earned more than £60,000, including the chief executive, Simon Morris, whose salary falls in the £150,001 - £160,000 band.