# St Vincent de Paul’s fundraising income down nearly €4 million

- Link: https://fundraising.co.uk/2015/12/10/st-vincent-de-pauls-fundraising-income-nearly-e4-million/
- Published: 2015-12-10T17:22:16+00:00
- Author: Howard Lake

**A drop in fundraising income saw St Vincent de Paul’s (SVP) income fall from just
over €82 million in 2013 to just over €78 million last year, according to the charity’s
latest accounts.**

[SVP](http://www.svp.ie), which operates on an all Ireland basis, experienced a 
fall in its main voluntary income source, donations, which were €19.5 million in
2014, from €23 million in 2013. SVP’s high profile church collections remained fairly
static at €10.3 million. The strength of sterling against the euro realised an income
gain of €0.5 million in 2014.

Also down was SVP’s legacy income which was €5.3 million last year, against €7.5
million the year before. The accounts note that the receipt of legacies is ‘irregular,’
although the accounts for previous years show that legacies are traditionally an
important source of income.

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Shops income increased by €2.9 million to €23.5 million with the growth attributable
to existing and new shops. Government grants last year totalled €2.2 million, from
€2.7 million in 2013.

The balance of SVP’s income, €9.2 million, was derived from fee income from hostels
and resource centres,

SVP’s relatively low fundraising costs, €870,000 (€823,000 in 2013), is a reflection
of the type of fundraising undertaken by the charity and the extensive voluntary
network throughout Ireland.

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