ROSSINVER YOUTH & COMMUNITY PROJECT LTD.
Income and Expenditure April 2009 to March 2014
During this period RYCP raised funds of €80,000 and incurred operating expenses of €29,000 resulting in a surplus of €51,000. This figure does not include grant money for capital expenditure or the annual grant from the Department of Social Protection for Community Employment.
….MAIN Sources of Income
- Fundraising Concerts: 32,550
- Donations: 12,164
- Heritage & Culture Festival: 7,550
- Sponsored Walks: 5,444
- Race Nights: 3,000
- Programme Grant: 3,000
- Sports Days: 2,800
..MAIN costs..
- Legal Fees: 5,240
- Insurance: 4.450
- Audit Fees (D. Neary & Co.: 4,560
- Concert advertising: 4,582
- Cost of FAS Scheme: 2,172
- Business plan for Centre: 1,200
- Loan Interest: 1,142
- Print postage & stationery: 1,052
….and the SURPLUS was spent on
- Car Park: 7,000
- Portacabin: 4,200 (cost after contribution from RCD Company of €14,000)
- Phase I of site Development(net of Grant of €33,000): 27,000
- Phase II of site Development (net of Grant of €37,500): 14,500
- Equipment for Centre: 5,967
FINANCIAL HIGHLIGHTS…the Annual Picture.
In 2009, main sources of income were a cash donation of €6,000 from RCDC (the Board of the Ballagh centre) along with a contribution of €14,000 towards the purchase of the Kabin. A Race night and Sponsored Walk raised €4,411. Approximately €7,000 was spent on the car park and €4,200 towards the purchase and upgrade of the KABIN.
Site Development Phase I:
In 2010 Income sources were: the concert €13,852 and sponsored walk €1,250. Site development including draining, fencing and the car park amounted to approx €60,000 which was paid for from income raised, capital grants of €33,000 and a loan of €20,000 from the Parish Council, which was fully repaid in 2012.
Site Development Phase II:
In 2011 the main sources of income were: concert €9,600 plus sports days, race night, car boot sales all of which raised €1,895. This money was used as match funding for grant of €37,000 from Leitrim Development co. for further site development costing €52,000 that included retaining wall, kerbing and paths.
In 2012 a third concert raised €6,164 and a walk and scrap metal collection €2,508. The parish contributed €2,000 towards parish maintenance.
In 2013 the Heritage Festival raised €6,898, the Duck Race €1,890 and the dance and race night €2,635. In addition equipment for the community centre to the value of €16,827 was purchased with the assistance of grant aid of €10,860 from LEADER through Leitrim Development Co.
