Financial Summary

Income and Expended Summary 2016

 
  Year 2016       Year 2015    
  Income Expended Net         Income Expended Net
  €'000 €'000 €'000   €'000 €'000 €'000
Visitation 37,098 30,142 6,956   37,806 32,409 5,397
   Twinning   514 -514     384 -384
   Fundraising   744 -744     941 -941
Subtotal 37,098 31,400 5,698   37,806 33,734 4,072
     
Services              
   Hostels 6,220 6,746 -526   6,003 6,581 -578
   Social Housing 2,630 5,288 -2,658   2,647 2,874 -227
   Holiday Homes, Resource Centres, etc.  5,099 8,690 -3,591   4,969 7,921 -2,952
Subtotal 13,949 20,724 -6,775   13,619 17,376 -3,757
     
Charity Shops 28,262 19,403 8,859   27,362 18,215 9,147
Governance, Management, Support & Admin   8,302 -8,302     8,008 -8,008
Total  79,309 79,829 -520   78,787 77,333 1,454


Balance 2016

The Society’s Reserves were €158.6 million at December 2016.
 
This is made up of:
  • Restricted & Designated Reserves €7.1 million
  • Property Valuation Reserves €87.0 million
  • General Reserves €64.5 million 
The cash balance is the aggregate of all Conferences, Areas, Regions and National.
 
The cash balance is held across the Conferences & Councils of the Society (+No. 1,200). The months of November and December are key months for the Society’s fundraising.
 
Cash balance are related to restricted and designated funds, funds held for sinking funds requirements, funds to meet obligations under SLAs (Service Level Agreements) and Conference purposes. 
 
The Society provides a wide range of services for vulnerable people through its property. The properties include social housing, hostels, resources centres, charity shops, day-care centres and holiday homes.
 
Financial Position           Year 2016                  Year 2015               Movement
  €'000 €'000 €'000
Property, Tangible Assets                          121,097 131,621 -10,524
Investment and Other 136 241 -105
Subtotal 121,233 131,862 -10,629
       
Current Assets                                                                     
  Stock 43 33 10
  Debtors 2,678 1,529 1,149
  Cash at Bank and in Hand      
  - Restricted/Designated 7,066 8,949 -1,883
  - General  66,526 62,270 4,256
TOTAL ASSETS 197,546 204,643 -7,097
       
Liabilities      
  Creditors falling due within 1 Year 5,825 5,519 306
  Creditors and Deeds of Mortgages  33,101 33,297 -196
NET ASSETS 158,620 165,827 -7,207
       
Funds of the Society      
Restricted 6,107 6,764 -657
Property Valuations 87,058 93,621 -6,563
Designated Funds 959 2,185 -1,226
General Funds 64,496 63,257 1,239
TOTAL FUNDS 158,620 165,827 -7,207