NI homelessness charity’s income holds steady
Howard Lake | 5 December 2014 | News
Homelessness charity the Simon Community Northern Ireland saw its voluntary income increase slightly last year from £1,077,636 in 2012 to £1,108,848, according to the organisation’s latest accounts.
Total charity income also increased, from £6.6 million to £7.2 million. The bulk of Simon’s income, nearly £6 million, comes from government accommodation grants. The organisation reported a deficit in 2013 of £166,000.
Gifts and donations showed the biggest increase, from £498,000 to £557,000. The grants figure was steady between 2012 and 2013 at £379,000, with the largest single grant coming from the NI Housing Executive.
The accounts reported that the organisation received 14 legacies during the year, with the income figure of £24,894 suggesting most were small. Legacies for 2013 are the same as the figure for 2012 which indicates that the charity averages out legacy income over the years.
Charitable shop income fell substantially last year, from £181,000 to £148,000. Margins were also squeezed with shop expenses of £133,000 reducing profit to £15,000, although the commentary in the accounts says the profit was even smaller at just over £4,000.
Simon’s balance sheet is strong with total funds of £3.9 million.
Photo: key and open door by Albund on Shutterstock.com
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.