Financial Summary

Income and Expended Summary 2022

Year 2022 Year 2021
Income Expended Net Income Expended Net
€’000 €’000 €’000 €’000 €’000 €’000
Visitation 49,202 40,953 8,249 44,896 31,248 13,648
Other Income 479 479 371 371
Subtotal 49,681 40,953 8,728 45,267 31,248 14,019
Services
Homelessness 622 1,515 (893) 4,966 9,294 (4,328)
Social Housing 5,146 5,354 (208) 3,641 4,977 (1,336)
Child & Family Services 5,256 7,185 (1,929) 6,584 6,051 533
Subtotal 11,024 14,054 (3,030) 15,191 20,322 (5,131)
Charity Shops 37,049 26,247 10,802 26,427 20,917 5,510
Governance, Management, Support & Admin 10,484 (10,484) 8,394 (8,394)
Net Income/(Expenditure) 97,754 91,738 6,016 86,885 80,881 (6,004)
Other gains in the year 99 - 99 349 - 349
Net Movement in funds in the year 97,853 91,738 6,115 87,234 80,881 6,353

Balance Sheet 2022

The Society’s Reserves were €166.6 million at December 2022.
This is made up of:

  • Restricted & Designated Reserves €35.8 million
  • Property Valuation Reserves €80.8 million
  • General Reserves €50.0 million

 

The cash at bank and in hand is the aggregate of all Conferences and Councils (Areas, Regions and National) on the island of Ireland. This cash at bank and in hand is related to restricted, designated, and general funds, which enables the Society to meet its charitable purpose across its Home Visitation and Special Works activities. The Society provides a wide range of services for vulnerable people through its properties (Tangible assets). These include Social Housing, Homelessness, Child & Family Services and Charity Shops.

Financial Position Year 2022 Year 2021 Movement
€'000 €'000 €'000
Property, Tangible Assets 92,844 96,483 (3,639)
Investment and Other 79 57 22
Subtotal 92,923 96,540 (3,617)
Current Assets
Stock 12 2 10
Debtors 5,657 6,906 (1,249)
Cash at Bank and in Hand
- Restricted/Designated 35,842 34,097 1,745
- General 65,159  58,137 7,022
TOTAL ASSETS 199,593 195,682 3,911
Liabilities
Creditors falling due within 1 Year (7,882) (8,775) 893
Creditors and Deeds of Mortgages (25,087) (26,398) 1,311
NET ASSETS 166,624 160,509 6,115
Funds of the Society
Restricted 6,314 5,531 783
Property Valuations 80,817 80,817 -
Designated Funds 29,528 28,566 962
General Funds 49,965 45,595 4,370
TOTAL FUNDS 166,624 160,509 6,115
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