Barnardos in record loss of €1.5m as donations fall
CHILDREN'S charity Barnardos has suffered a record loss of €1.5m.
Donations from the public declined by 9pc from €7.4m to €6.8m last year.
This year, in a bid to stem the losses, Barnardos, which is led by former Labour figure Fergus Finlay, suspended its services for one week and made 14 staff redundant, mostly from administration.
The remaining staff agreed to a pay cut of more than 10pc and lost incremental increases.
The accounts show a number of high earners at the charity, with eight employees sharing €720,000 in salaries last year.
One employee earned between €110,000 and €120,000, with a second on €100,000.
The figures show that last year the overall spend by the charity decreased from €24m to €23.9m.
The contribution from the HSE to the charity declined only marginally in 2011 from €9.57m to €9.52m.
Employee costs increased from €16.99m to €17.16m, with staff numbers rising from 403 to 408.