The Catholic children’s charity Cabrini is under pressure to balance its books after running at a loss for at least a decade.
Cabrini’s annual report, which was submitted to the Charity
Commission last month, reveals that the charity spent £693,000 more than
it made last year.
This included £98,000 on redundancy payments and
£40,000 on recruitment costs.
Cabrini, formerly the Catholic Children’s Society, has provided
adoption, fostering and other services for more than 25,000 children in
London and the southeast of England since its establishment by the
Diocese of Southwark in 1887. It runs family centres, residential and
day care services and catechesis courses.
It continues to work closely with the Dioceses of Arundel and
Brighton, Portsmouth and Southwark. Staff meet regularly with bishops
and parish priests and the organisation is supported by parish
In its 2013 report Cabrini said that returning the charity to a
position of financial viability by 2014/15 was its top strategic
priority, adding that it hoped to increase its fundraising income and
increase its adoption placements and fostering services.
“The broader context for the new business plan has been the ongoing
operating deficit generated by the organisation for the past 10-plus
years,” it said. “Previous initiatives have not resulted in the required
turnaround in the charity’s financial position.”
It hoped that restructuring of staff and services would bring the
charity’s operating costs to a position of break-even by this year.
Former Chief Executive Jonathan Pearce resigned in October 2013, 11
months after he was appointed and the charity is currently run by
interim Chief Executive Hilary Brook.
In its annual report Cabrini said that income from charitable
activities was down 3.7 per cent on the previous year – to £3,074,000.
The charity said that the Government’s austerity measures, which
resulted in public sector funding cuts, meant there had been no increase
in funding for its residential care or community projects.
Last year Cabrini drew down cash from its investment portfolio and
introduced a pay freeze in an effort to decrease ongoing expenditure.
Cabrini did not respond to requests for comment by the time of going to