Annual Report & Summary Accounts
2017
Our Mission, Vision and Values
Vision.... Is for RHD Housing to be a leader in providing high quality housing in a secure environment in which people can remain independent. RHD Housing is dedicated to providing services and supports to meet identified needs of the older person and people with physical disabilities which enable them to live in their own homes for as long as they can. By providing purpose designed accommodation we are enabling the majority of our residents to remain in their homes longer than is the case in traditional housing.
Mission...... Is to meet the needs of the community, by providing and maintaining good quality, affordable and well managed housing at the lowest possible economic rent to individuals who are in need of the service
Values...... Like other charities and housing associations we face the challenge of ensuring that our services and organisational values work together in an environment that is competitive, business-focused within limited resources and meet regulatory requirements.
Accountability: We will continue to be accountable to our tenants and stakeholders. Transparency: We will ensure that all aspects of our business are transparent. Integrity: We will treat tenants and partners with trust and respect. Commitment: We will maintain our commitment to providing a high-quality service. Professionalism: We will act professionally at all times in our business dealings. Compliance: We will maintain the high standards of governance applicable in our sector.
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Contents
About RHD Housing
Foreword from the Chairman
Governance
Our Tenants – Who they are
What we do
Future Plans
Board of Management
Summary Accounts
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About RHD Housing
The Royal Hospital Donnybrook Voluntary Housing Association (trading as RHD Housing) was established in 1993 as a social housing provider for frail older adults and people with disabilities. It was founded by The Royal Hospital Donnybrook which has been providing care for disadvantaged and disabled people for 270 years. RHD Housing has a proven track record in the delivery of high- quality homes, comprehensive housing management services and tenant supports.
It is a not-for-profit company limited by guarantee which is governed by its Constitution and is run by a Voluntary Board of Management with a skill set covering care of the elderly, property development, construction, finance and corporate governance.
RHD Housing is approved by the Department of Housing, Planning & Local Government as a voluntary housing body. The Board believes in strong and transparent governance and is signed up to the ‘Voluntary Regulation Code for Approved Housing Bodies, the company is a registered charity and is also a member of the Irish Council for Social Housing.
Foreword from the Chairman
It is an honour and privilege for me to be associated with RHD Housing. It is a very worthy charity that serves a vital need in our society. With an increasing ageing population, the demand for specialist housing that meets the needs of older people has risen and will continue to rise. Our goal is to provide suitable high-quality housing that allows our tenants to live independently in their community. By providing the necessary supports and services, we enable our tenants to remain independent for as long as possible. This reduces the demands on nursing home care and eases the pressure on acute beds if older people are discharged from hospital. As an alternative to long term institutional care, our tenants are enabled to live out their lives with dignity, comfort and security. These are important benefits for our society.
I very much appreciate the commitment of our Housing Manager, Oonagh Ryan and the support of my colleagues on the Board in facing the challenges that arise in pursuit of our objectives.
Governance
RHD Housing is a company limited by guarantee without a share capital registered in Ireland (CRO No. 180825). The company is registered as a charity (CHY No. 10441) and with the Irish Charity Regulator Authority (CRA No. 20026486).
Its purpose and objectives and how it conducts its business are set out in its Constitution which is available from the Companies Registration Office or from The Charity Regulatory Authority website.
The Board is responsible for providing leadership, setting strategy, financial and risk management,
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monitoring performance and good governance. It comprises of six non-executive Directors. Directors are drawn from diverse backgrounds in business, finance, construction and professions.
The Board met five times in 2017. There is clear division of responsibility within the organisation with the Board retaining control of major decisions under a formal schedule of Reserved Powers of the Board. All elected members of the Board are volunteers and do not receive any fees or expenses for attending Board meetings or undertaking other work on behalf of RHD Housing. There is also an Audit and Risk Committee with Terms of Reference. The attendance at Board meetings and committee meetings during 2017 is shown in the chart below.
There was one new Board member appointed in 2017. The Chairman resigned and a new Chairman was appointed in November 2017.
Risk Management is a standing item on the agenda at every Board meeting. The organisation operates a risk management process culminating in a corporate risk register that identifies the main risks, their likelihood and impact, and the actions necessary to manage them effectively.
There is a ‘Conflict of Interest & Loyalty’ policy in place and observed by the Board and is used at every Board and Committee meeting as a matter of course. From time to time agreement is reached to cooperate formally with other organisations on specific projects or areas. In these cases a Service Level Agreement or Memorandum of Understanding is approved by the Board.
The organisation has a comprehensive process for reporting management information to the Board. The Board is provided with regular information including key performance indicators for the organisation.
If the Board identifies a need for a new member, it commences a recruitment process. All new Board members receive induction so that they can familiarise themselves with their statutory responsibilities, their role as Board members, the organisations governance framework and risk environment. There are clear distinctions between the role of the Board and the executive team to which day to day management is delegated. Day to day running of the organisation is the responsibility of the Housing Manager who reports directly to the Board.
RHD Housing is compliant with the Governance Code for Community, Voluntary and Charitable Organisations (since September 2017) and is signed up to the Voluntary Regulation Code (VRC) for housing associations.
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Board Members’ Attendance For period 01/01/17 to 31/12/17
Robin Miriam Margaret Dermot Jim Conor Derek Simpson Hillery Cagney Lacey Kelly Kenny Scally Board of Management
08.02.2017
26.04.2017
05.07.2017
20.09.2017
29.11.2017 Audit & Risk Committee
08.02.2017
05.07.2017
29.11.2017
Our Tenants
The older population is increasing and preferences changing, clearly, a key consideration is the growing size of the over-65 population; a segment in Ireland which has been increasing at a faster rate than those of our EU neighbours. Demographic projections indicate that the number of older people in Ireland is growing. The numbers aged over 65 grew by 100,000 between 2010 and 2015 and more people are now living longer into what could be termed old-old age. The percentage of the population aged over 65 is projected to double, from 12.4% to 24.9%, by 2050. In addition, the number of people aged 80 and over in Ireland is projected to rise from 130,600 to 458,000 – an increase of 250%.
Client Profile We currently provide 49 units of accommodation in two schemes catering for individuals who for a number of reasons are no longer able to manage in traditional accommodation. In 2017 we provided accommodation to 54 individuals, with ages ranging from 93 years to 35 years of age.
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24% of our tenants were in receipt of a Home Care Package, with a further 12% receiving either a home help or local PCT carer input, 8% receiving meals on wheels service and 28% availing of a pharmacy delivery service.
We had a 98% occupancy rate with the average length of time residents had been with us at 7.5 years (ranging from 6 months to 24 years). We had two new tenants in 2017. 22% of our tenants in 2017 were wheelchair users with an additional 19% using mobility aids. We have had no complaints in 2017, no rent arrears and no notices to quit.
RHD Housing has undertaken a Tenant Satisfaction Survey every two years since 2013. We have undertaken this survey to learn how tenants rate the quality of the housing and services that are provided. The results of the survey are used for performance monitoring, service improvement and benchmarking purposes. In 2017, 46 households were surveyed with 37 returns = 80% response rate.
Sample questions – 1. Are you happy with the overall service received from RHD Housing? - 100% of the respondents to this question have stated in 2017 they are 100% satisfied with the overall service provided.
A further breakdown of overall satisfaction of services was done in 2017 under the following areas – see chart below
2. Does the design of your home meet your current physical needs? – 100% responded yes
3. Does RHD Housing staff respond quickly and efficiently to your queries and requests? – This has remained a constant 100% yes.
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We have an ongoing refurbishment programme in place in our Cullenswood Scheme as we believe by providing the right design of accommodation we are enabling the majority of our residents to remain in their homes longer with a better lifestyle than in a nursing home or institutional care. 83% of all units have been fully upgraded (wet rooms, level access, new heating etc.) as part of this refurbishment programme to make units fully accessible for all.
RHD Housing has a long history of providing accommodation for our specific client group and will continue to explore opportunities. By virtue of the expertise that arises due to our close relationship with The Royal Hospital Donnybrook, we are confident that we keep our tenants living at home for longer than would otherwise be the case. This enhances the quality of life for older adults and people with physical disabilities.
RHD Housing has a strong focus on our tenants and we engage with them regularly through coffee mornings, social groups, our residents association, visiting housing manager, pre-tenancy meetings, tenant handbooks and other communications. We ran 17 group activities in 2017 with 170 tenant attendances.
We review our housing services provided against the sector as a whole to ensure best practice as part of Housing Association Performance Management framework.
All tenancies were registered with the Residential Tenancies Board in 2017.
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What we do
Provision of Housing The principal activity of the company is the provision of affordable housing that enables our tenants to live independent lives with varying degrees of support. We provide safe and supported homes for older adults and people with physical disabilities, offering a range of accommodation. Our two housing schemes comprise 29 bungalows in Ranelagh and 20 apartments in Donnybrook.
We are working with Dublin City Council and the Department of Housing, Planning & Local Government to develop a vacant site at Beech Hill in Donnybrook. Work commenced on site in October 2017 following planning permission and approval of funding under the Capital Assistance Scheme for the development of 19 apartments with community facilities. Completion of this project will bring us up to 68 accommodation units by the end of 2018. We have rresponsibility for ongoing maintenance of all our properties, servicing of all boilers, motion sensors /pendants and fire equipment etc.
Support Services All residents receive housing management, facilities management and emergency response services. In addition if required they receive a number of other supports. The objectives of our support services are:
Residents & Family
Community Technology, HSE - HH & HCP, Services information, Grants, Finance PCT Geriatrician, sign posting, Hospitals Befriending, point of contact Meals on Wheels
To support our residents to live well and to age as long as possible, and as independently, as possible at home
• To provide case management and key worker if required • To reduce the trauma of hospital admission, to support residents who have been discharged from hospital to return home and to avoid premature nursing home admissions • To provide a link between residents and local Primary Care Team community services – day care, rehabilitation, respite, Public Health Nurse, General Practitioner, Occupational Therapist, and Physiotherapist - to ensure optimal service is received • Regular contact with residents to assess any changing needs and identify factors in a timely manner that may prevent someone from living at home and identify the practical resources and
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supports that would address these factors. • Advocacy and liaison with statutory organisations and support services linking with healthcare, welfare and wellbeing and coordination of supports across all agencies, state, community and private • Assistance with applying for grants and aid with housing adaptations and help with practical home modifications • Running and facilitating groups for educational, well-being and social interaction purposes
Our personalised support services assist tenants to remain in their homes, manage their tenancies and live independently in their communities in a safe and secure environment. We continuously innovate in housing design and technology. We also upgrade our units because we believe in providing the right design of accommodation. We review services provided against the sector as a whole to ensure best practice as part of the Housing Association Performance Management framework. These findings are supported by a very high satisfaction rating amongst our tenants.
SMART Technologies The appropriate technologies can enhance an individual’s feeling of security and can also help people to remain living independently for longer. At RHD Housing we provide a basic package of technology to all our tenants.
• 24 hour monitored social alarm, passive movement detector, smoke alarm and intruder alarm monitoring.
In addition, technologies used for individual requirements include: • Intelligent telecare sensors including falls, floods, temperature and gas • Environmental controls - accessible remote controls (e.g. switch or voice-controlled) for turning on and off lights, opening and closing doors, windows, curtains, and operating household devices. • Door entry systems, automated doors for wheelchair users. • Key safes so health professional / carers/ family will always be able to access the unit. • Adjustable height kitchen units for wheelchair users • Alternative control of powered wheelchairs, seat-raising devices, posture changing devices. • Augmentative and alternative communication - devices for people who have communication difficulties which include linking of fire alarm to strobe lighting.
The Royal Hospital Donnybrook has a state of the art demonstration area of smart technologies that can be viewed and tested by individuals. This helps our tenants to get to know and test simple technologies which can assist them to remain independent.
We believe that our close association with The Royal Hospital Donnybrook and its facilities greatly enhances our ability to provide housing with support.
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Why is RHD Housing different? • We support our residents through active engagement to remain independent for longer thus remaining in their own homes and communities. • Adapting our support services to meet the changing needs of individual residents and to be proactive in preventing issues arising. • Good relationships with our housing manager and having a one point of contact for any services required leading to improved quality of life. • Staff work with each resident to ensure they have the relevant services they need to live independently by utilising available services in the local community. The level of support an individual needs is based on their needs and changes over time.
RHD Housing has a long history of providing accommodation for our specific client group and will continue to explore opportunities. By virtue of the expertise that arises due to our close relationship with the Royal Hospital Donnybrook who are a key provider of rehabilitation services in conjunction with the HSE, St Vincent’s University Hospital, University College Dublin, other specialist providers and community partners we are confident that we keep our tenants living at home for longer than would otherwise be the case. This enhances the quality of life for older adults and people with physical disabilities.
Location Bloomfield Park, Donnybrook, Dublin 4
Housing RHD Housing Association
Partners Dublin City Council, The Department of Housing, Planning & Local Government.
Scheme Bloomfield Park is a mixed development of 188 units in Donnybrook village. outline The complex was opened in 2006 and provides our residents with 20 new homes. These apartments are for older adults and people with physical disabilities and are available to rent by people on the local authority housing list. The units were fully occupied shortly after opening.
The scheme is set within the village of Donnybrook. It combines secure
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accommodation for residents within a large complex which enhances and strengthens social integration.
The properties are designed to a high specification and all within walking distance of local amenities.
There are 20 one- and two-bed, self-contained apartments here within 1 block (block C). There are 4 apartments per floor with access to a lift. With modern, open-plan living and dining rooms, each unit is designed to encourage independent living. Each apartment is fitted with a panic button connected to an alarm system that provides 24-hour access to the monitoring station. These additional facilities ensure the tenants have comfortable and secure surroundings in which to socialise and entertain. Safeguarding access to family, friends and essential services is vital to the success of this.
For RHD Housing it is so important that we enable our residents to live for as long as possible in sustainable, good-quality, affordable homes in their own community. The key to achieving this is to provide a safe and secure environment with access to all relevant services and supports. I am delighted to say that many of the residents that arrived here in 2006 are still living independently today.
Allocations RHD Housing has a clear policy set out in relation to allocation of units. Our approach is to make best use of the available stock by allocating the right size and type of property to those individuals most in need. The most appropriate individuals from the local authority housing list will be contacted by the RHD Housing and will meet with the Housing Manager and a Board Member as deemed appropriate to determine whose needs best match the size and type of housing that is available. Prior agreement will be obtained from the prospective tenant for a Garda check to be done on the individual prior to signing contracts. To date we have had no issues with any tenants in relation to anti-social behaviour.
Good Provision of appropriate accommodation that can meet an individual’s needs Practice as they progress through the ageing process can represent a significant cost saving to the state e.g. by building units with slightly wider doors, wet rooms etc. from the outset reduces the need for an individual to have to move if they require a wheelchair at some later stage in life.
We would have close links and a good relationship with the Management Company (Wyse) running the complex. This project highlights how effective partnerships with local authorities and other agencies can empower older people and people with disabilities. They
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can live independently for as long as possible, make informed decisions about issues that affect them and participate in their community. I would love to see more and more people benefit from the kind of life led by our residents here.
“I have got plenty of company but I have my own space too, the gardens are wonderful “
“Living here means that we can still be independent but with fewer worries. We are very happy here and our families are over the moon’
Location Cullenswood, Ranelagh, Dublin 6 Housing RHD Housing Association
Partners Dublin City Council, The Department of Housing, Planning & Local Government.
Scheme Cullenswood is a sheltered housing complex in Ranelagh, Dublin 6. It outline was opened in 1993 and provides our residents with 29 bungalows and a community facility. These bungalows are for older adults and people with physical disabilities and are available to rent by people on the local authority housing list. The units have always been in high demand with some residents living here since the scheme opened.
The scheme is set within the village of Ranelagh. It combines secure accommodation for residents within a gated complex which enhances and strengthens social integration.
The properties are designed to a high specification and all within walking distance of local amenities. There are 27 one bedroomed and 2 two- bedroomed bungalows. All are level access with open-plan living and dining areas. Each bungalow has a wet room and is designed to encourage independent living. Each bungalow is fitted with a panic button, a motion sensor, intruder alarm, and smoke detector all connected to a 24-hour
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monitoring station. These additional facilities ensure the tenants have comfortable and secure surroundings in which to socialise and entertain. Safeguarding access to family, friends and essential services is vital to the success of this.
For RHD Housing it is so important that we enable our residents to live for as long as possible in sustainable, good-quality, affordable homes in their own community. The key to achieving this is to provide a safe and secure environment with access to all relevant services and supports.
Future Plans RHD Housing’s strategic objectives are:
• To continue our commitment to current and future tenants, and to ensure that the standards of housing and support services provided are maintained at the highest level. • To influence policymakers in the area of housing in relation to the provision of services to allow people remain living in their own homes and communities with supports required. • To actively seek out, evaluate, and pursue opportunities for partnership and collaboration with other organisations to further the capacity of RHD Housing to meet the needs of its tenants. • To acquire additional housing in the area of County Dublin. • To continue and expand the provision of a personalised support service to all tenants in order to help them to manage their tenancy and live independently in their communities. • To ensure the financial sustainability of RHD Housing as an organisation. • To ensure the organisation is governed and managed in accordance with best practice and in compliance with all regulatory and statutory requirements.
Achievements & Performance In conjunction with Dublin City Council and the Department of Housing, Planning & Local Government, we are in course of developing a vacant site at Beech Hill in Donnybrook following approval of funding under the Capital Assistance Scheme for the development of 19 apartments with community facilities. We appointed a design team following a full open tender at the end of 2015 and successfully got planning permission in November 2016 to renovate and extend 16 bedsits to create 19 one bedroom units, a community centre, a new central lift/walkway and associated site works including new roads, paths and soft landscaping. The proposed extensions are located attached to the existing building within the existing courtyard space and to the ends of the existing blocks and will be Two Storey. The existing and retained buildings will be fully upgraded in terms of internal finishes, roof finishes, mechanical and electrical installations and alterations required by the current Building Regulations and fire safety legislation. The project includes extension of the access road, provision of suitable pedestrian routes, new hard and soft landscaping, provision of new services connections and sewage treatment, drainage, rainwater harvesting and boundary enclosures.
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Our Beech Hill project is designed for older adults and people with physical disabilities using a universal, ‘home for life’ design. It comprises of 19 one bedroom apartments which will allow individuals as their needs change to remain in their homes for longer. Facilities include lifts to allow access to all units, a communal area, parking facilities and landscaped gardens. The apartments will be fitted with environmental controls, personal alarms and monitors which enable tenants to be monitored remotely if required, e.g. 24 hr monitored alarms with pendant access, infra-red motion sensors which trigger an alarm if an individual is unable to get up and move around, remote control door access for security and ease of use for individuals with poor mobility. Contractors were appointed in September 2017 following tender and commenced on site end of October 2017. A sod turning ceremony performed by the Taoiseach Leo Varadkar and Minister for Housing Eoghan Murphy was in October 2017.
The units should be fully completed by end of September 2018 on time and within budget.
Completion of this project will bring us to 68 units by October 2018.
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Strategic Plan Over the life of our strategic plan 2016 – 2019 we aim to acquire / build or have in the pipeline an additional 130 units bringing our total units of accommodation to approximately 200.
RHD Housing will continue to promote the need for specialised housing and the provision of services to allow people remain living in their own homes and communities with supports required, and to actively seek out, evaluate, and pursue opportunities for partnership and collaboration with other organisations to further the capacity of RHD Housing to meet the needs of its current and future tenants. RHD Housing is in discussions with Local Authorities and developers in relation to a number of projects – development of new services is reliant the availability of funding.
RHD Housing intends to pursue growth through joint submissions with developers for Part V units that meet our key criteria for potential projects. These criteria consider proximity of the project to public transport, shops, hospitals and churches and the security, comfort, tranquillity and ease of access (wheelchair/mobile scooter/etc.) for individuals which alongside specialist supports provided by RHD Housing constitute the basic requirements of older persons and of people with disabilities to enjoy an independent lifestyle within their community. We have made presentations to many of the largest residential development companies in Ireland in our search for growth opportunities. Notwithstanding some of the difficulties faced, RHD Housing will continue to seek Part V projects that meet its key criteria to expand its capacity to provide housing for its target client group.
Our business model involves close liaison with the PCT and other health specialists to prevent unnecessary transfers to nursing homes or admissions to acute hospital beds and to facilitate prompt discharges from hospital. By enabling older persons stay out of institutional care for longer, RHD Housing helps to alleviate the pressure on critical healthcare facilities. In addition to the housing management and facilities management supports, our staff’s primary role is to provide support for each and every resident whilst promoting independent living so that people reside in the community with a better lifestyle than in a nursing home or in institutional care.
Conclusions We recognize that our aim to complete a third development and have a further 130 units in the pipeline to bring our total to 200 is ambitious. However the ageing demographics mean that the demand for social sheltered housing in the area will increase. The expansion of this service will help to release larger units of accommodation for larger families. Our schemes are well run and do not cause any problems for their communities because we have strong tenant selection and support service skills. In addition we also have the ability to plan, construct and deliver sheltered housing projects for local authorities. We also hope that those undertaking residential developments with social housing requirements would consider RHD Housing as their social housing partner. By virtue of the fact that our housing is sheltered it fits in well with the local community and neighbours, and our ability to provide the best solutions is greatly assisted if we have an opportunity to comment and engage at an early stage in the design process
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Board of Management
Derek Scally Graduated from University College Dublin (B. Comm) prior to qualifying as a Chartered Accountant. He is a MBA postgraduate of University College Dublin. He has extensive experience in business management, strategy, finance, accounting, project appraisal and contract negotiation. He is a former Director of Development with Clondalkin Group PLC responsible for business acquisitions in the United States and Europe where he worked for many years. Upon retirement, he acted as M&A Consultant to Clondalkin Group until 2013. He is a former Chairman of Clancourt Group. He has held many voluntary roles on committee at UCD RFC and Foxrock GC.
Dermot Lacey Dermot Lacey is a former Chairperson of the Housing, Social and Community Affairs SPC, the Dublin Regional Authority, the Southern and Eastern Regional Assembly and the Eastern and Midlands Regional Assembly. He has been a Councillor since 1993 and has served as Lord Mayor of Dublin. He is a member of the board of The Royal Hospital Donnybrook Voluntary Housing Association and was a member of the main Hospital Board and a founder member of Beech Hill Housing Initiative that constructed nine social/affordable houses recently. His other positions include Leader of the Labour Group on the City Council; a member of the Dublin City Education and Training Board (formerly the VEC) was on the Board of FAS and the Dublin Docklands Development Council. He proposed the introduction of the 20% Social and Affordable Housing requirement in the Docklands area a move that was followed by legislation across the Country for all developments. He published proposals “A Fair City - One Dublin Many Dubliners”. He is a lifelong member of the Scout Movement.
Margaret Cagney Graduated as a Social Worker from U.C.C. (B.Soc.Sc.) and from University of Swansea (Dip.Applied Soc.Studies CQSW). Initially employed as a Social Worker in Northern Ireland and moved to St.Vincents Hospital until retiring in 2011. Gained experience in most of the medical and surgical specialities including the Department of Medicine for the Elderly.
Involved in the setting up of the Medicine for the Elderly Day Hospital as a Senior Practitioner in Social Work with the Elderly. Member of the Irish Association of Social Workers and former member of The Irish Heart Foundation Council on Stroke and of the British Association of Social Workers and Laryngectomy Association of Ireland. Volunteer in the parish St Columbanus & St Gall Milltown.
Miriam Hillery Miriam Hillery B.A. UCD Former Committee member Donnybrook Boys Club (activities for underprivileged boys) Dublin Diocesan Pilgrimage to Lourdes, member of Lourdes Hospitality, working in the Hospital & Baths Gonzaga College, former Chairperson fund raising committee building programme Eisenhower Fellowship, former committee member. Awards for potential International Leaders Ireland Funds. Former member & assessor for awards relating to projects in Ireland
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Jim Kelly A Chartered Engineer, Chartered Health & Safety Practitioner with a Diploma in Accounting & Finance. He has 42 years’ experience in the Construction Industry covering Design and Contracting and including a broad spectrum of Building and Civil Engineering Projects. He has 27 Years as a Director of major Construction Companies with responsibilities for Contracts, Operational Systems, Insurance and Technical Issues.
Conor Kenny Joint Chief Executive of a large privately owned Commercial Property Developer. He has 20 years’ experience in the corporate business world having successful managed his company through various property cycles. He has extensive project management, project financing, planning, design and engineering experience having developed numerous projects over the last 20 years. He is a committee member on various voluntary development programmes at St Michael’s College, Teresian School and Railway Union Sports Club. Conor is an under graduate of UCD, postgraduate of Trinity and Harvard Business School.
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Summary Accounts
Summary Financial Information Year ended 31 December 2017
The Royal Hospital Donnybrook Voluntary Housing Association CLG t/a RHD Housing
Income statement for the financial year ended 31 December 2017
2017 2016 € €
Turnover 348,518 355,196
Administrative expenses (337,053) (321,006) Other operating income 154,778 154,778
Operating surplus 166,243 188,968
Other interest receivable and similar income 707 2,132
Surplus for the financial year 166,950 191,100
Revenue reserves brought forward at the beginning of the year 2,555,206 2,364,106
Revenue reserves carried forward at the end of the year 2,722,156 2,555,206
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than as disclosed in the results for the year as set out above.
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The Royal Hospital Donnybrook Voluntary Housing Association CLG t/a RHD Housing
Balance sheet as at 31 December 2017
2017 2016 € € € € Fixed assets Tangible assets 4,859,216 4,650,020 4,859,216 4,650,020
Current assets Debtors 168,898 64,638 Cash at bank and in hand 1,208,743 1,251,984 1,377,641 1,316,622 Creditors: amounts falling due within one year (328,602) (90,448) Net current assets 1,049,039 1,226,174 Total assets less current liabilities 5,908,255 5,876,194 Creditors: amounts falling due after more than one year (3,186,099) (3,320,988) Net assets 2,722,156 2,555,206 Reserves
Revenue reserves account 2,722,156 2,555,206 Equity attributable to members of the company 2,722,156 2,555,206
These financial statements were approved by the board of directors on 8th March 2018 and signed on behalf of the board. -
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C/O Royal Hospital Donnybrook, Morehampton Road, Dublin 4, DO4 HX40 Tel: 087 9579178 Email: [email protected] Website: www.rhdhousing.ie RHD Housing | Annual Report & Summary Accounts for 2017 21