Financial Summary

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)

Balance Sheet 2021

The Society’s Reserves were €156.2 million at December 2021.
This is made up of:

  • Restricted & Designated Reserves €34.1 million
  • Property Valuation Reserves €80.8 million
  • General Reserves €41.3 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 2021 Year 2020 Movement
€'000 €'000 €'000
Property, Tangible Assets 96,482 100,681 (5,443)
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 25,867 8,230
- General 59,783 59,783 (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
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