# St Vincent de Paul reports drop in income - Link: https://fundraising.co.uk/2012/06/20/st-vincent-de-paul-reports-drop-income/ - Published: 2012-06-20T10:11:21+01:00 - Author: Howard Lake Ireland’s largest social welfare charity, St Vincent de Paul (SVP), has reported a drop in fundraising income in its latest annual report. Fundraising income fell from €46.6 million in 2009 to €44.3 million in 2010. Overall income, which includes trading and fees, also fell from €74 million to €73.3 million. SVP’s largest source of voluntary income, donations, was €20 million in 2009 and €17 million in 2010 while church gate collections held up better, only dropping to €10.9 million from €11 million. Income from fundraising events also fell from over €5 million to just over €4 million. ## Advertisement [⌊Posthub advert. You create the campaign. We'll handle the postal journey. Get started at post-hub.co.uk.⌉](https://fundraising.co.uk/ads/posthub-20261007-300x250/) SVP has traditionally been the biggest recipient of charitable legacies in Ireland and from 2009 to 2010 the annual accounts show that income increased from €6.5 million to €8 million. Shop sales for SVP also increased from €12 million to €13.3 million. SVP has a strong balance sheet with current assets including cash of €75.5 million. Despite the recent drop in income SVP has a significantly largest income now than it had in 2006 at the height of the ‘Celtic Tiger’ when its income was under €50 million. Meanwhile, SVP has announced that they have been selected by Aldi Stores as its charity of the year for the next 12 month period. www.svp.ie * **[Fancy dress costume company partners with SOS Children](https://fundraising.co.uk/2012/06/21/fancy-dress-costume-company-partners-sos-children/)**( 21 June 2012) * **[Prostate Cancer UK chosen as Royal Mail's charity of the year](https://fundraising.co.uk/2012/06/25/prostate-cancer-uk-chosen-royal-mail039s-charity-year/)**( 25 June 2012) * **[Key Travel teams up with Hope and Homes for Children](https://fundraising.co.uk/2012/07/13/key-travel-teams-hope-and-homes-children/)**( 13 July 2012)