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Our Finances

Finances and Governance - how we are run.

The Simon Communities of Ireland is a company limited by guarantee, not having a share capital. The organisation has a Memorandum and Articles of Association. The Community is owned by its members who elect a voluntary Board of Directors from among the membership. The directors are volunteers to the Simon Communities of Ireland. The Head of National Office reports directly to the Board of Directors.

The Board of Directors has put in place a Governance Policy Manual, and have signed up to the Code of Practice for Good Governance of Community Voluntary and Charitable Organisations in Ireland. The Simon Communities of Ireland adheres to the Statement of Guiding Principles for Fundraising  and is registered with Charities Regulator. The annual financial statements are prepared in accordance with the Companies Act 2014 and FRS 102.

The Simon Communities of Ireland is committed to openness and transparency both within the organisation and externally with donors, funders, supporters and the public. 

In 2016 the Simon Communities of Ireland generated income of €934,343. This compared to income of €805,578 in 2015. 
During the year to December 2014 a grant was awarded by Pobal, a grant making agency funded by the Department of Environment & Local Government. The amount of grant awarded was €169,175 for the term 1st July 2014 to 30th June 2016. The amount recognised in the financial statements for 2016 is €45,113. The grant programme is the Scheme to Support National Organisations in the Community and Voluntary Sector. This funding was restricted to support a percentage of the salary and overhead costs of two posts within the organisation, Best Practice and Training Coordinator and Head of Policy and Communications.

During the year to December 2016 a new grant was awarded by Pobal. The amount of grant awarded is €269,602 for the term 1st July 2016 to 30th June 2019. This funding is also restricted to support a percentage of the salary and overhead costs of two posts Best Practice and Training Coordinator and Head of Policy and Communications. The amount recognised in the financial statements for 2016 is €44,932. 

Total grants advanced from Pobal during the year ended 31st December 2016 amounted to €90,045. No capital grants were received from Pobal and SCI is fully tax compliant as per the relevant grant circulars including circular 44/2006.

Expenditure in 2016 was €715,144 which was down from €747,931 in 2015. Included in expenditure are fundraising costs of €52,885.

In addition the Simon Communities of Ireland distributed €192,088 to its affiliated local Simon Communities to support their operational costs.

The Head of National Office, Patrick Quinn receives a salary of €85,000.
In addition 2 staff members receive salaries in the range of €60,000 to €70,000.
Pension contributions made by the organisation in 2016 amounted to €16,486.

We are constantly working to ensure all of the money raised is spent as efficiently and as effectively as possible. 

We tightly manage our operating costs; reducing our overheads where possible, and we strive to give the best possible value for money. We do not pay any salary top ups or pension top ups. We do not provide bonuses or any other perks or entitlements.

The Simon Communities of Ireland annual accounts are independently audited eby JPA Brenson Lawlor each year.

 

Audited Account 2016

 

Audited Account 2015

 

Audited Accounts 2014

 

Audited Accounts 2013

 

Audited Accounts 2012

 

 


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