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Diocesan Accounts

Publication of Financial Statement

Diocese of Limerick

Publication of Financial Statement

Year ended 31 st December 2005

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This is the third year that the Diocese of Limerick has published its annual accounts. The purpose of these accounts is to outline to people how the amounts donated are used in the administration of the Diocese.

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Highlights

 

2005

2004

Income

€817,093

€327,512

Expenditure

€762,052

€978,830

Gross Surplus / (Deficit)

€55,041

(€651,318)

Exceptional Income

€160,484

€0

Net Surplus / (Deficit)

€215,525

(€651,318)

The new Diocesan Needs Levies in 2005 were struck with a view to enabling the Central Operation of the Diocese break even. There are two significant exceptional items in the 2005 income that largely account for the net surplus of €215,525. These are an anonymous donation of €100,000 and dividend income totalling €60,484 from shares which had produced little return in prior years. These two items coupled with cut backs in office administration costs have enabled us reach this figure.

The priests and parishioners of the Diocese have responded magnificently to the Diocesan Needs Levy appeal. I want to express my gratitude and appreciation to all of you. Parishioners have also been most generous in providing funds at parish level for church maintenance and the support of the priests of the Diocese. There are also very many instances where parishioners give of their time and financial resources to help meet the many worthy external appeals for support.

I wish God’s blessing on all of you.

With renewed thanks,

Yours sincerely in Christ,

+Donal Murray

Bishop of Limerick.

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