Financial Highlights

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


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.