# SVP reports drop in income

- Link: https://fundraising.co.uk/2014/01/20/svp-reports-drop-income/
- Published: 2014-01-20T18:23:23+00:00
- Author: Howard Lake

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](http://www.svp.ie) (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.

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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](https://www.fundraising.co.uk/2013/12/18/top-disclosures-devastating-effect-donations/)
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.

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