Austerity and public sector cutbacks hasn't stopped some Chief Execs, Directors and Non Exec Directors lapping up the cream. In Part One we looked at the Salford City Council Fat Cats (see here). In Part Two we focus on Salford arts, education and charities…
The Lowry
With the public purse paying so heftily, we're sure that tax payers will be pleased to know that the last published set of accounts for The Lowry show Chief Exec, Julia Fawcett OBE, getting a wage (or `emoluments' in accountspeak) rise from the £160-£170,000 bracket to the £170-£180,000 bracket.
Julia's next in command got a rise from the £120-£130,000 bracket to the £130-£140,000 bracket, and someone else got a rise from the £80-£90,000 bracket to the £90-£100,000 bracket. In the financial year ending 2010 there were three Lowry employees earning over £60,000. In 2011 there were four Lowry employees earning over £60,000, as the Fat Cat basket gets bigger.
Salford Council officially handed The Lowry £727,000 last year, but as the Salford Star has shown, the arts centre gets lots more Council money on top for hires, `professional fees' etc (see here). The last published accounts for The Lowry (to March 2011) show £471,000 in `other' restricted income from grants and donations towards its charitable work. The Lowry also gets over £1million in public subsidy from the Arts Council.
THE SALFORD FOUNDATION
The Salford Foundation Trust is a charity which, in the financial year to March 2012, gave out 44 grants to young Salford people averaging £296 each for things like sports and music tuition. Very noble, and very worthy.
Attached to the Trust is the Salford Foundation itself, another charity, which works with young people and adults on all sorts of schemes, usually surrounding poverty, and financed by the likes of Salford City Council, Government and the Lottery.
The Salford Foundation's latest accounts, until March 2012, recognise the funding "challenges" ahead to maintain its work. Yet, in 2011 the Foundation purchased a building for £927,098, while this year its `senior employee' - presumably Chief Exec Peter Collins CBE - picked up a wage in the range £60-£70,000, plus pension contributions of £7,964.
To repeat. Struggling young people got grants averaging just £296 from the Trust.
SALFORD CITY COLLEGE
According to the last published accounts, to March 2011, College Principal, Martin Sim, pocketed a package worth between £150-160,000 last year – a rise of over £20,000 on the previous year!
Salford College now has four staff earning over £90,000, compared to three the year before, and most have had huge pay rises. Salford College is reliant on public money for virtually all of its income.
UNIVERSITY OF SALFORD
Vice Chancellor, Martin Hall lapped up a package worth £235,000 in 2010-11, including benefits in kind, pension and a `merit award' (for sacking staff?). That's a £12,000 pay rise on the year before! Meanwhile ten of his litter of bureaucrats scratch a living between £100-180,000.
GROUNDWORK TRUST
Groundwork Manchester, Salford, Stockport, Tameside and Trafford is another charity, that works for the "relief of poverty in such ways as may be thought fit" amongst other things, mainly around the environment. It received almost £3million in local authority and European funding, according to its last published accounts, to March 2011. One employee at Groundwork pockets between £70-£79,999 a year, although the year before, someone in there was trousering between £80-£89,999 a year. That's austerity for you!
Salford Fat Cats Part Three…click here
Salford Fat Cats Part Four - click here
Salford Fat Cats Part Five ... click here
Salford Fat Cats Part Six - click here
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