SVP reports drop in income
Howard Lake | 20 January 2014 | News
One of Ireland’s largest fundraising charities has reported a fall in income of €1.5 million in 2012, according to its latest accounts.
St Vincent de Paul (SVP) had a gross income of €78.5 million in 2012, down from just under €80 million in 2011. Donations and legacies were down by nearly €3 million while income from shops and other trading activities was up nearly €2 million to €31 million.
Church gate collections, long the most traditional and significant income source for SVP, held up at just under €11 million but legacy income was down nearly €2 million to €7 million. Donations at €21 million were only slightly down in 2012.
The accounts include income for SVP Northern Ireland which is believed to be around £2 million. The charity registered some significant write down on its property assets in 2012 but had net funds of just over €73 million.
Recent newspaper reports indicated that SVP along with other charities not connected to the ‘top up’ scandal saw their income fall in the vital pre-Christmas period. SVP was one of several charities which received a special donation from the government in December.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.