Income and Expended

The Society of St. Vincent de Paul (SVP) was founded in Ireland in 1844 and is the largest voluntary charitable organisation in Ireland. Our focus is on practical approaches to dealing with poverty, alleviating its effects on individuals and families through working primarily in person-to-person contact by a unique system of family visitation and seeking to achieve social justice and equality of opportunity for all citizens. The Society has across the Island of Ireland 1,175 Conferences across 8 regions.

 

What we do

In 2020, SVP received 171,004 requests for help. In response to these, we provide practical support to people in need through a wide range of services.
 

Visitation.jpgVisitation 

Home Visitation is the core activity of the Society in which the majority of our members partake. Our volunteers spend time talking with those who request our help to ensure we fully understand the issues they are facing which enables us to provide the best support possible. Our support can be either non-financial or financial in order to alleviate the impact of poverty and social exclusion. In 2020, the Society provided €30.4 million to individuals and families. (2019: €32.0 million).
 

Service-(1).jpgService Provision

In addition to SVP Visitation work, the Society provides a wide range of services, some government funded, for vulnerable people. Such services include 4 resource centres, 10 emergency homeless services (300 beds in hostels), social housing (c. 862 Units), 5 holiday homes, prison visitor centres, children / young adult services and day-care centres. In 2020, the service delivery costs were €19.6million (2019: €18.9million).

 

Charity.jpgCommunity Charity Shops

The Society has 224 community charity shops. Our Vincent’s shops are a very important aspect of service provided by SVP. Not only do they provide people with new and lightly worn items at affordable prices, and the community charity shops provide an income source for the Society, which is reinvested directly back into the community through the Society visitations work.


Income

In 2020, total income for the Society was €78.6 million (2019: €83.3 million).

Income-2020-(1).jpg

We couldn't carry out our vital work without the generosity of our many donors. SVP is committed to complying with the standards outlined in the Guidelines for Charitable Organisations on Fundraising from the Public and formally adopted the statement in 2013. The Society has a range of income streams. 

Income
 (Euro)
2020
€‘000
2019
€‘000
Church Collections 3,805 9,434
Legacies 4,729 8,021
Donations 26,326 14,909
Members Contributions 44 150
Fundraising & Other Income 3,534 3,545
Government Grants Visitation 3,323 1,822
Services: Funders and Fees 12,981 14,007
Charity Shops (before costs) 23,817 31,432
Total 78,559 83,320

Expenditure

In 2020, total expenditure was €82.8 million (2019: €84.5 million).

Expenditure-2020-(1).jpg


Visitation work includes non-financial support, advisory assistance, befriending and supporting access to social services. In addition, assistance to individuals can be direct financial support, foods, education, fuel and support with utility bills. Total expenditure for visitation was €32.0 million (2019: €33.3 million)
 
Our Services including social housing, homeless services, resource centres, holiday homes etc., The Society’s total expenditure for services provision was €19.6 million (2019: €18.9 million)
 
Charity shops total expenditure was €22.0 million (2019: €23.6 million), and the management, support, governance, and administration representing 11% of the Society’s total expenditure in 2020.  


More Financial Information

Income and expenditure reports for 2020 together with the balance sheet can be accessed below. 

See Financial Summary 2020

Our consolidated Financial Accounts, which are independently audited, are available below.

SVP Financial Reports

SVP Internal Audit provides independent assurance to the Society through risk based auditing. 
Click below for more information on our Internal Audit Function. 

Read full Internal Audit Charter