Finance

The Society of St. Vincent de Paul (SVP) was founded in Ireland in 1844 and is the largest voluntary charitable organisation in Ireland. Our focus is on practical approaches to dealing with poverty, alleviating its effects on individuals and families through working primarily in person-to-person contact by a unique system of family visitation and seeking to achieve social justice and equality of opportunity for all citizens. The Society has 11,000 voluntary members working in more than 1,200 Conferences across 8 regions.

What we do

In 2017, SVP received circa 140,000 requests for help. In response to these, we provide practical support to people in need through a wide range of services.

Visitation 

Home Visitation is the core activity of the Society of which the majority of our 11,000 members partake in. Our volunteers spend time talking with those who request our help to ensure we fully understand the issues they are facing which enables us to provide the best support possible. Our support can be either non-financial or financial in order to alleviate the impact of poverty and social exclusion. In 2017, we provided €28.4 million to individuals and families. (2016: €30.1 million).
 

Service Provision

In addition to our Visitation work, we provide a wide range of services, some government funded for vulnerable people. Such services include 7 resource centres, 10 emergency homeless services (300 beds in hostels), social housing (c. 857 Units), 5 holiday homes, prison visitor centres, children / young adult services and day-care centres. In 2017 we expended €18.4 million on such services accounting for 24% of the Society’s total expenditure.
 


Community Charity Shops

The Society has 220+ community charity shops. Our Vincent’s shops are a very important aspect of service provided by SVP. Not only do they provide people with new and lightly worn items at affordable prices, they also provide an income source for the Society, which is reinvested directly back into the community.  


Income

In 2017, Total Income for the Society was €82.2 milion (2016: €79.3 million).

We couldn't carry out our vital work without the generosity of our many donors. SVP is committed to complying with the standards outlined in the Guidelines for Charitable Organisations on Fundraising from the Public and formally adopted the statement in 2013. The Society has a range of income streams. 

Income
 (Euro)
2017
€‘000
2016
€‘000
Church Collections 9,589 10,176
Legacies 9,048 5,137
Donations 15,167 16,277
Members Contributions 171 189
Fundraising & Other Income 3,599 3,559
Government Grants Visitation 1,730 1,760
Services: Funders and Fees 13,983 13,949
Charity Shops (before costs) 28,876 28,262
Total 82,163 79,309

Expenditure

In 2017, Total Expenditure was €76.5 million (2016: €79.8 million).

Visitation work includes non-financial support, advisory assistance, befriending and supporting access to social services. In addition assistance to individuals can be direct financial support, foods, fuel and support with utility bills. 
 
Our Services including social housing, homeless services, resource centres, holiday homes etc., accounting for 24% of the Society’s total expenditure.
 
Charity shops account for 26% of the Society’s total expenditure with management, support, governance and administration representing 11% of the Society’s total expenditure in 2017. 


More Financial Information

Income and expenditure reports for 2017 together with the balance sheet can be accessed below. 

See Financial Summary 2017

Our consolidated Financial Accounts, which are independently audited, are available below.
SVP Financial Reports

SVP Internal Audit provides independent assurance to the Society through risk based auditing. 
For here for more information on our Internal Audit Function. 

Read full Internal Audit Charter