Financial Summary

Income and Expended Summary 2017

 
  Year 2017       Year 2016    
  Income Expended Net         Income Expended Net
  €'000 €'000 €'000   €'000 €'000 €'000
Visitation 39,304 28,371 10,933   37,098 30,142 6,956
   Twinning - 408 -408   - 514 -514
   Fundraising - 846 -846   - 744 -744
Subtotal 39,304 29,625 9,679   37,098 31,400 5,698
     
Services              
   Hostels 6,022 7,114 -1,092   6,220 6,746 -526
   Social Housing 2,778 3,464 -686   2,630 5,288 -2,658
   Holiday Homes, Resource Centres, etc.  5,183 7,776 -2,593   5,099 8,690 -3,591
Subtotal 13,983 18,354 -4,371   13,949 20,724 -6,775
     
Charity Shops 28,876 20,137 8,739   28,262 19,403 8,859
Governance, Management, Support & Admin - 8,362 -8,362   - 8,302 -8,302
Total  82,163 76,478 5,685   79,309 79,829 -520


Balance Sheet 2017

The Society’s Reserves were €162.1 million at December 2017.
 
This is made up of:
  • Restricted & Designated Reserves €21.1 million
  • Property Valuation Reserves €84.9 million
  • General Reserves €56.1 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 2017           Year 2016               Movement
  €'000 €'000 €'000
Property, Tangible Assets                          116,318 121,097 -4,779
Investment and Other 140 136 4
Subtotal 116,458 121,233 -4,775
       
Current Assets                                                                     
  Stock 37 43 -6
  Debtors 3,527 2,678 849
  Cash at Bank and in Hand      
  - Restricted/Designated 21,097 7,066 14,031
  - General  60,390 66,526 -6,136
TOTAL ASSETS 201,509 197,546 3,963
       
Liabilities      
  Creditors falling due within 1 Year 6,424 5,825 599
  Creditors and Deeds of Mortgages  32,955 33,101 -146
NET ASSETS 162,130 158,620 3,510
       
Funds of the Society      
Restricted 5,789 6,107 -318
Property Valuations 84,902 87,058 -2,156
Designated Funds 15,308 959 14,349
General Funds 56,131 64,496 -8,365
TOTAL FUNDS 162,130 158,620 3,510