The healthcare charity Nuffield Health recorded income of more than £1.2bn in 2022, latest accounts show.
The charity, which runs 37 hospitals and 114 health and fitness centres in the UK, said the increase was down to factors including a growth in hospital activity plus a rise of more than 10 per cent in its number of fitness centre members to 365,000.
But despite the huge rise in income, the charity recorded a post-tax deficit of £62.6m, an increase of £30m on the previous year’s loss, mainly due to a £33m year-on-year increase in energy costs, which rose to £58.1m.
“The charity’s large estate and energy-intensive operations meant that the sharp increase in energy prices was particularly challenging,” the accounts say.
Nuffield said it delivered £72m of “social value”, which it defines as “the value of the impact we make on society, over and above our paid-for services” – four times the £18m it calculated in 2021.
The charity said it reached more than 1.7 million people with its services in 2022, up from 1.2 million in 2021.
The pay package received by Steve Gray, the charity’s chief executive, almost halved to between £620,000 and £630,000 in 2022. He had received a bonus in 2021 that more than doubled his pay to £1.2m.
The average number of people employed by Nuffield over the course of the year increased by about 700 year on year to 17,100.
The number who were paid £60,000 or more increased by almost 100 year on year to nearly 600, the accounts show.