Financial Summary

Income and Expended Summary 2018

 
  Year 2018       Year 2017    
  Income Expended Net         Income Expended Net
  €'000 €'000 €'000   €'000 €'000 €'000
Visitation 37,431 31,082 6,279   39,304 28,371 10,933
   Twinning - 320 -320   - 408 -408
   Fundraising - 982 -982   - 846 -846
Subtotal 37,431 32,384 5,047   39,304 29,625 9,679
     
Services              
   Hostels 5,826 7,035 -1,209   6,022 7,114 -1,092
   Social Housing 2,972 3,878 -906   2,778 3,464 -686
   Holiday Homes, Resource Centres, etc.  4,710 8,013 -3,303   5,183 7,776 -2,593
Subtotal 13,508 18,926 -5,418   13,983 18,354 -4,371
     
Charity Shops 29,614 22,156 7,458   28,876 20,137 8,739
Governance, Management, Support & Admin - 8,336 -8,336   - 8,362 -8,362
Total  80,553 81,802 -1,249   82,163 76,478 5,685


Balance Sheet 2018

The Society’s Reserves were €155.5 million at December 2018.
 
This is made up of:
  • Restricted & Designated Reserves €28.0 million
  • Property Valuation Reserves €80.8 million
  • General Reserves €46.6 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 2018           Year 2017               Movement
  €'000 €'000 €'000
Property, Tangible Assets                          108,542 116,318 -7,776
Investment and Other 146 140 6
Subtotal 108,688 116,458 -7,770
       
Current Assets                                                                     
  Stock 33 37 -4
  Debtors 3,027 3,527 -500
  Cash at Bank and in Hand      
  - Restricted/Designated 28,026 21,097 6,929
  - General  55,808 60,390 -4,582
TOTAL ASSETS 195,582 201,509 -5,927
       
Liabilities      
  Creditors falling due within 1 Year 6,820 6,424 396
  Creditors and Deeds of Mortgages  33,344 32,955 389
NET ASSETS 155,418 162,130 -6,712
       
Funds of the Society      
Restricted 5,263 5,789 -526
Property Valuations 80,817 84,902 -4,085
Designated Funds 22,763 15,308 7,455
General Funds 46,575 56,131 -9,556
TOTAL FUNDS 155,418 162,130 -6,712