Financial Summary

Income and Expended Summary 2019

 
  Year 2019       Year 2018    
  Income Expended Net         Income Expended Net
  €'000 €'000 €'000   €'000 €'000 €'000
Visitation 37,881 32,041 5,840   37,431 31,082 6,349
   Twinning - 437 -437   - 320 -320
   Fundraising - 822 -822   - 982 -982
Subtotal 37,881 33,300 4,581   37,431 32,384 5,047
     
Services              
   Hostels 5,894 7,713 -1,819   5,826 7,035 -1,209
   Social Housing 3,301 4,020 -719   2,972 3,878 -906
   Holiday Homes, Resource Centres, etc.  4,812 7,140 -2,328   4,710 8,013 -3,303
Subtotal 14,007 18,873 -4,866   13,508 18,926 -5,418
     
Charity Shops 31,432 23,562 7,870   29,614 22,156 7,458
Governance, Management, Support & Admin - 8,758 -8,758   - 8,336 -8,336
Total  83,320 84,493 -1,173   80,553 81,802 -1,249


Balance Sheet 2019

The Society’s Reserves were €154.4 million at December 2019.
 
This is made up of:
  • Restricted & Designated Reserves €28.2 million
  • Property Valuation Reserves €80.8 million
  • General Reserves €45.4 million 
The cash balance is the aggregate of all Conferences, Areas, Regions and National.

Cash balances are held across the Conferences and Councils of the Society. The months of November and December are key months for the Society’s fundraising.

Cash balances are related to restricted and designated funds, sinking funds requirements, funds to meet obligations under Service Level Agreements and Conference purposes.

The Society provides a wide range of services for vulnerable people through its properties. These include social housing, hostels, resources centres, charity shops, day-care centres and holiday homes.
 
Financial Position Year 2019           Year 2018               Movement
  €'000 €'000 €'000
Property, Tangible Assets                          106,124 108,542 -2,418
Investment and Other 57 146 -89
Subtotal 106,181 108,688 -2,507
       
Current Assets                                                                     
  Stock 7 33 -26
  Debtors 3,310 3,027 283
  Cash at Bank and in Hand      
  - Restricted/Designated 28,205 28,026 179
  - General  56,414 55,808 606
TOTAL ASSETS 194,117 195,582 -1,465
       
Liabilities      
  Creditors falling due within 1 Year 7,642 6,820 822
  Creditors and Deeds of Mortgages  32,098 33,344 -1,246
NET ASSETS 154,377 155,418 -1,041
       
Funds of the Society      
Restricted 5,402 5,263 139
Property Valuations 80,817 80,817 -
Designated Funds 22,803 22,763 40
General Funds 45,355 46,575 -1,220
TOTAL FUNDS 154,377 155,418 -1,041