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 |