Reproductive healthcare charity boss paid £229,000 annual bonus

Charity

The chief executive of MSI Reproductive Choices received a £229,000 bonus in 2021 – almost doubling his annual remuneration to £460,000.

Simon Cooke’s pay package comes three years after the Charity Commission criticised MSI’s board for failing to properly record discussions before awarding him a £217,250 bonus in 2018.

The reproductive healthcare charity defended the latest bonus, which rose steeply from last year’s £18,878.

In its 2021 accounts, MSI said: “We look for individuals with a track record of delivery in an international, commercial context.

“MSI’s compensation for the most senior executives includes a performance-related bonus component that reflects the deliverables expected of the organisation and the individual.

“Targets are focused on growth and delivery of stringent financial and operational metrics and are difficult to achieve.”

Overall, in 2021, MSI’s income was £290.6m – down by 1.3 per cent from £294.4m.

The charity said it reached 1.7 million adolescent clients in 2021, provided contraception to 34.3 million people, prevented 14.1 million unintended pregnancies and averted 6.6 million unsafe abortions.

Donations increased from £10m to £10.8m, while grant income fell from £152.3m to £136.1m.

The value of donated supplies and equipment amounted to £13.1m in 2021, down from £13.6m in 2020.

Expenditure was down by 1.9 per cent from £288.1m to £282.7m.

Group operating surplus rose from £7.7m to £9.8m.

The charity’s small drop in income was partly due to a decrease in funding from the Foreign, Commonwealth and Development Office.

According to the accounts, MSI responded to the FCDO funding uncertainty by approaching foundations and donors to ensure that services and access were maintained.

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