Consolidated Statement of Financial Activities for the year ended December 31, 2013
Notes Restricted Funds
€'000
Unrestricted Funds
€'000
Total 2013
€'000
Total 2012
€'000
Incoming resources
Incoming resources from charitable activities
grants from governments and other co-funders 2(a) 83,065 - 83,065 93,807
donated commodities 2(b) 2,799 - 2,799 7,190
Incoming resources from generated funds
voluntary income 2(c) 10,538 30,023 40,561 41,765
Other incoming resources 2(d) 24 880 904 662
Total incoming resources 96,426 30,903 127,329 143,424
Resources expended
Charitable activities 3 97,728 18,903 116,631 135,717
Costs of generating funds 4 591 11,097 11,688 10,842
Governance costs 5 - 715 715 763
Total resources expended 98,319 30,715 129,034 147,322
Net (outgoing)/incoming resources before other recognised gains and losses (1,893) 188 (1,705) (3,898)
Other recognised gains and losses
Exchange (loss)/gain on consolidation of foreign subsidiary 19(a) 6 (44) (38) 46
Gains on revaluation of investments 11/14(b) - 2,365 2,365 409
Realisation of revaluation gains on investments 2(d) - (711) (711) -
Actuarial gain/(loss) on staff retirement liabilities 18(2) - 1,137 1,137 (1,560)
Net movement in funds for the year 19(a) (1,887) 2,935 1,048 (5,003)

The notes following form an integral part of these financial statements.

On behalf of Council


Frances O’Keeffe
Council Member


Teresa McColgan
Council Member

Consolidated Balance Sheet at December 31, 2013
Notes 2013
€'000
2013
€'000
2012
€'000
2012
€'000
Fixed assets
Tangible fixed assets 10 15,700 16,952
Financial fixed assets 11 2,365 327
Current assets
Stock 12 52 113
Debtors and prepayments 13 15,074 15,933
Investments 14 18,274 22,718
Cash at bank and in hand 15 7,144 5,093
Total current assets 40,544 43,857
Creditors: amounts falling due within one year 16 (12,800) (13,785)
Net current assets 27,744 30,072
Creditors: amounts falling due after more than one year 17 (4,644) (5,200)
Net assets excluding staff retirement liabilities 41,165 42,151
Staff retirement liabilities 18(2) (2,768) (4,802)
Net assets including staff retirement liabilities 38,397 37,349
Funded by
Restricted funds 19(b) 2,860 4,747
Unestricted funds 19(b) 35,537 32,602
Total Company funds 38,397 37,349

The notes following form an integral part of these financial statements.

On behalf of Council


Frances O’Keeffe
Council Member


Teresa McColgan
Council Member

Company Balance Sheet at December 31, 2013
Notes 2013
€'000
2013<
€'000
2012
€'000
2012<
€'000
Fixed assets
Tangible fixed assets 10 15,583 16,811
Financial fixed assets 11 2,371 327
Current assets
Stock 12 52 113
Debtors and prepayments 13 12,207 12,971
Investments 14 18,274 22,718
Cash at bank and in hand 15 6,639 4,561
Total current assets 37,172 40,363
Creditors: amounts falling due within one year 16 (11,513) (11,940)
Net current assets 25,659 28,423
Creditors: amounts falling due after more than one year 17 (4,644) (5,200)
Net assets excluding staff retirement liabilities 38,969 40,361
Staff retirement liabilities 18(2) (2,768) (4,802)
Net assets including staff retirement liabilities 36,201 35,559
Funded by
Restricted funds 19(b) 2,349 4,747
Unestricted funds 19(b) 33,852 30,812
Total Company funds 36,201 35,559

The notes following form an integral part of these financial statements.

On behalf of Council


Frances O’Keeffe
Council Member


Teresa McColgan
Council Member

Consolidated Cash Flow Statement for the year ended December 31, 2013
Notes 2013
€'000
2012
€'000
Net cash outflow from operating activities 20 (1,974) (11,881)
Return on investments and servicing of debt 21 (34) 87
Capital expenditure and financial investment 22 2,921 (242)
Net cash inflow/(outflow) before use of liquid resources and financing 913 (12,036)
Financing - net decrease in debt 22 (540) (534)
Management of liquid resources 22 1,787 8,255
Increase/(Decrease) in cash in the year 2,160 (4,315)
Reconciliation of net cash flow to movement in net cash resources
(including cash and liquid resources)
Notes 2013
€'000
2012
€'000
Increase/(Decrease) in cash in the year 2,160 (4,315)
Foreign exchange movement (12) 22
Net decrease in debt 22 540 534
Cash flow from decrease in liquid resources 22 (1,787) (8,255)
Change in net funds resulting from cash flows 22 901 (12,014)
Net cash resources at beginning of year 19,314 31,328
Net cash resources at end of year 23 20,215 19,314