Financial Summary

Income and Expended Summary 2020

 
  Year 2020       Year 2019    
  Income Expended Net         Income Expended Net
  €'000 €'000 €'000   €'000 €'000 €'000
Visitation 41,761 (30,423) 11,338   37,881 (32,041) 5,840
   Twinning - (440) (440)   - (437) (437)
   Fundraising - (1,184) (1,184)   - (822) (822)
Subtotal 41,761 (32,047) 9,714   37,881 (33,300) 4,581
     
Services              
   Hostels 5,620 (9,032) (3,412)   5,894 (7,713) (1,819)
   Social Housing 2,826 (3,974) (1,148)   3,301 (4,020) (719)
   Holiday Homes, Resource Centres, etc.  4,535 (6,618) (2,083)   4,812 (7,140) (2,328)
Subtotal 12,981 (19,624) (6,643)   14,007 (18,873) (4,866)
     
Charity Shops 23,817 (22,045) 1,772   31,432 (23,562) 7,870
Governance, Management, Support & Admin - (9,087) (9,087)   - (8,758) (8,758)
Total  78,559 (82,803) (4,244)   83,320 (84,493) (1,173)


Balance Sheet 2020

The Society’s Reserves were €151.2 million at December 2020.
 
This is made up of:
  • Restricted & Designated Reserves €25.9 million
  • Property Valuation Reserves €80.8 million
  • General Reserves €44.5 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 2020           Year 2019               Movement
  €'000 €'000 €'000
Property, Tangible Assets                          100,681 106,124 (5,443)
Investment and Other 48 57 (9)
Subtotal 100,729 106,181 (5,452)
       
Current Assets                                                                     
  Stock 9 7 2
  Debtors 3,874 3,310 564
  Cash at Bank and in Hand      
  - Restricted/Designated 25,867 28,205 (2,338)
  - General  59,783 56,414 3,369
TOTAL ASSETS 190,262 194,117 (3,855)
       
Liabilities      
  Creditors falling due within 1 Year (6,906) (7,642) 736
  Creditors and Deeds of Mortgages  (32,206) (32,098) (108)
NET ASSETS 151,150 154,377 (3,227)
       
Funds of the Society      
Restricted 5,475 5,402 73
Property Valuations 80,817 80,817 -
Designated Funds 20,392 22,803 (2,411)
General Funds 44,466 45,355 (889)
TOTAL FUNDS 151,150 154,377 (3,227)