EUR
STG
Income and Expended Summary 2021
| Year 2021 | Year 2020 | ||||||
| Income | Expended | Net | Income | Expended | Net | ||
| €’000 | €’000 | €’000 | €’000 | €’000 | €’000 | ||
| Visitation | 45,500 | 29,711 | 15,789 | 41,761 | 30,423 | 11,338 | |
| Twinning | – | 299 | (299) | – | 440 | (440) | |
| Fundraising | – | 1,290 | (1,290) | – | 1,184 | (1,184) | |
| Subtotal | 45,500 | 31,300 | 14,200 | 41,761 | 32,047 | 9,714 | |
| Services | |||||||
| Hostels | 4,724 | 9,085 | (4,361) | 5,620 | 9,032 | (3,412) | |
| Social Housing | 3,076 | 4,619 | (1,543) | 2,826 | 3,974 | (1,148) | |
| Holiday Homes, Resource Centres, etc. | 5,128 | 5,930 | (802) | 4,535 | 6,618 | (2,083) | |
| Subtotal | 12,981 | 19,634 | (6,706) | 12,981 | 19,624 | (6,643) | |
| Charity Shops | 26,404 | 20,849 | 5,555 | 23,817 | 22,045 | 1,772 | |
| Governance, Management, Support & Admin | – | 8,317 | (8,317) | – | 9,087 | (9,087) | |
| Net Income/(Expenditure) | 84,832 | 80,100 | 4,732 | 78,559 | 82,803 | (4,244) | |
| Other gains in the year | 349 | - | 349 | 1,017 | - | 1,017 | |
| Net Movement in funds in the year | 85,181 | 80,100 | 5,081 | 79,576 | 82,803 | (3,277) | |
The Society’s Reserves were €156.2 million at December 2021.
This is made up of:
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 2021 | Year 2020 | Movement |
| €'000 | €'000 | €'000 | |
| Property, Tangible Assets | 96,482 | 100,681 | (4,199) |
| Investment and Other | 57 | 48 | 9 |
| Subtotal | 96,539 | 100,729 | (4,190) |
| Current Assets | |||
| Stock | 2 | 9 | (7) |
| Debtors | 6,906 | 3,874 | 3,032 |
| Cash at Bank and in Hand | |||
| - Restricted/Designated | 25,867 | 34,097 | 8,230 |
| - General | 59,783 | 58,137 | (1,646) |
| TOTAL ASSETS | 195,681 | 190,262 | 5,419 |
| Liabilities | |||
| Creditors falling due within 1 Year | (8,266) | (6,906) | (1,360) |
| Creditors and Deeds of Mortgages | (31,184) | (32,206) | 1,022 |
| NET ASSETS | 156,231 | 151,150 | 5,081 |
| Funds of the Society | |||
| Restricted | 5,531 | 5,475 | 56 |
| Property Valuations | 80,817 | 80,817 | - |
| Designated Funds | 28,566 | 20,392 | 8,174 |
| General Funds | 41,317 | 44,466 | (3,149) |
| TOTAL FUNDS | 156,231 | 151,150 | 5,081 |
