TRUSTees’ REPORT AND ACCOUNTS CONTENTS 4-5 Legal & Administrative Information 6-29 Directors Report 30-31 Independent Auditors Report 32-33 Consolidated Statement of Financial Activities 34 Consolidated Balance Sheet 35 Consolidated Cash Flow Statement 36-51 Notes to the Consolidated Financial Statements 16 Merrion Square, Dublin 2, Ireland. t +353 (0) 1 642 4600 f +353 (0) 1 661 4461 e [email protected] www.redcross.ie 3 LEGAL AND ADMINISTRATIVE INFORMATION / FOR THE YEAR ENDED 31 DECEMBER 2011 LEGAL AND ADMINISTRATIVE INFORMATION / FOR THE YEAR ENDED 31 DECEMBER 2011 Status Board of Directors The Irish Red Cross Society is registered in Ireland as a charity. Members of the outgoing Executive Committee who served in 2011 Governing Document who did not seek election to the Board in May 2012 The Irish Red Cross Society was established in Ireland in 1939 and Ted Noonan Monica Middleton is governed under the terms of the Red Cross Act 1938, (SI) 206/139. Treasurer 26 May 2012 26 May 2012 Ann Murphy Andrew Kelly Charity Number Secretary 26 May 2012 26 May 2012 CHY3950 David Lawler Anthony Lawlor 26 May 2012 26 May 2012 Board of Directors Joe Millar 26 May 2012 Current Members David J O’Callaghan Mary Flaherty National Office Auditors Elected Chairman 9 September 2010 Elected 26 May 2012 16 Merrion Square, BDO Tom Horwell Kieran Meehan Dublin 2. Registered Auditors, Elected Vice Chairman 26 May 2012 Elected 26 May 2012 Beaux Lane House, Mercer Street Lower, Denis Reeves Cliona Lehane Dublin 2. Elected Treasurer 26 May 2012 Elected 28 May 2011 & Resigned 5th February 2013 Sheila Callan Solicitors Principal Bankers Barry O’Donovan Elected 28 May 2011 Elected Secretary 26 May 2012 Maxwell Solicitors Bank of Ireland Julianne Maher 19 Herbert Place, 2 College Green, Cathal Duffy Elected 28 May 2011 Dublin 2. Dublin 2. Elected 30 August 2011 Bernadette Rutherford Byrne Wallace Allied Irish Bank Máirtín O’Fainín Appointed 22 September 2012 87 – 88 Harcourt Street, 40/41 Westmoreland Street, Elected 26 May 2012 Dublin 2. Dublin 2. Greg Lyons Elected 26 May 2012 4 5 DIRECTORS REPORT / FOR THE YEAR ENDED 31 DECEMBER 2011 The Board of Directors presents its annual report and the audited consolidated financial statements for the year ended 31 December 2011. Legal and administrative information is set out on pages 4 and 5. The financial statements comply with the current requirements, in accordance with the Charities Act 1961 and 1973 and also with international best practice, of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP) (revised 2005) as recommended by the Charity Commission of England and Wales. Irish Red Cross volunteers give a First Aid demonstration at a meeting of the Mid-West Major Emergency Management groups in Thomond Park, August 2011. Photo: © Press 22, Limerick. 6 7 DIRECTORS REPORT / FOR THE YEAR ENDED 31 DECEMBER 2011 AIMS OF THE CHARITY Our mission is to provide care to the most vulnerable at home and abroad in peace, crisis and disaster. We do this by implementing the Red Cross Charter: preventing and alleviating human suffering, protecting life and health, ensuring respect for human beings and continually delivering a high quality humanitarian service to society at home and abroad. As Ireland’s leading emergency response charity, 65 staff and 5,210 volunteers pursue these goals here in Ireland and overseas. Our work includes emergency response, health and social care, and building resilience at community level. We operate in our own right, but also as part of the wider International Federation of Red Cross and Red Crescent Societies, the world’s largest humanitarian network with 13 million volunteers across 188 countries. Our corporate strategy is currently undergoing an exciting period of review and development. When finished in 2013, it will set the framework for our activities for the period 2013-2020. The Red Cross Charter: preventing and alleviating human suffering, protecting life and health, ensuring respect for the human being, continually providing first- class humanitarian service Photo: © Daniel Cima/American Red Cross 9 DIRECTORS REPORT / FOR THE YEAR ENDED 31 DECEMBER 2011 LEGAL STATUS The Irish Red Cross Society was formally further amended in 2012 by internally to prepare to act, in all the fields covered by the established in 1939 under the terms ratified changes. 1949 Geneva Conventions and their additional of the Red Cross Act 1938, Statutory protocols of 1977 and 2005 and on behalf of all Instrument 206/139. The Irish Red The legal objectives of the Society are war victims, both civilian and military. Somalia, a child being Cross Society’s constitution was initially to furnish volunteer aid to the sick, measured. upon arrival based on this statutory instrument and wounded and shipwrecked at sea of Such legal frameworks underline the importance at one of the therapeutic includes amendments for the Geneva armed forces in time of war; to furnish of the Irish Red Cross Society as an auxiliary to the feeding centres run Conventions of 1949, their additional relief to prisoners of war and to such public authorities in the humanitarian field, be it in by the Somali Red Protocols of 1977 and 2005 (the Geneva civilians as are protected persons; in time situations of armed conflict or natural or man- Crescent Society. Conventions) to which Ireland is a party, of peace or war to carry on and assist in made disasters. Photo: © ICRC / I. Abdullahi Acts of the Oireachtas and relevant work for the improvement of health, the provisions of the International Federation prevention of disease and the mitigation The Irish Red Cross Society is a member of the of Red Cross and Red Crescent of suffering throughout the world; to act in International Federation of Red Cross and Red Societies. The Society’s constitution was case of armed conflict, and in peacetime Crescent Societies. 10 11 DIRECTORS REPORT / FOR THE YEAR ENDED 31 DECEMBER 2011 ORGANISATIONAL STRUCTURE The General Assembly (formerly the Chairperson and three Honorary Central Council) is the highest officers –Vice Chairperson, Honorary deliberative authority of the Secretary and Honorary Treasurer. An Irish Red Cross Society. additional two Board members are added through nominations from the Under our new Constitution enacted Chairperson, with the intention of adding to in April 2012, more than 75% of the the Boards depth and diversity. Directors members of the General Assembly are can serve up to two terms of three years, elected as representatives of regional after which they are obliged to stand areas by the local membership of the down for a minimum three year term. Society, with the remaining members made up of the Chairperson, a member elected by Irish Red Cross Youth, the National Director of Units, representatives from Government, non-members chosen for their specific competencies and two nominees of the Chairperson. The Board of Directors is formed by the election of twelve Board members from among the General Assembly members, to include The Irish Red Cross supported the Japanese Red Cross Society in responding to 280,000 people affected by the tsunami Photo: © Toshirharu Kato, Japanese Red Cross 12 13 DIRECTORS REPORT / FOR THE YEAR ENDED 31 DECEMBER 2011 MANAGEMENT & DECISION MAKING The Board of Directors is vested with all the necessary powers for carrying out the aims of the Society. The focus of the Board is more particularly on matters of policy and oversight. It works closely with the Secretary General, senior secretarial staff and the Chairpersons of our various Working and Advisory Groups who together are tasked with the implementation of Policy. Strong emphasis is now placed on the induction, training and development of our Board members, and various presentations, updates and training opportunities are provided to ensure that they are appropriately prepared for their roles. The Board of Directors recognises that it has responsibility to ensure that the Society has effective Risk management and Control processes in place. COMMITMENT TO STANDARDS IN FUNDRAISING PRACTICE The Irish Red Cross Society is fully committed to achieving the standards contained within the “Statement of Guiding Principles for Fundraising (‘the Statement’)”. We have considered the Statement and believe we meet the standards it sets out. We also welcome feedback on our performance. Write to: Secretary General, Irish Red Cross Society, The Irish Red Cross 16 Merrion Square, continued to support the Dublin 2. efforts of the Pakistan Red Crescent working in flood affected communities in 2011 by ensuring the delivery of essential drinking water and sanitation services. Photo: © IFRC 14 15 DIRECTORS REPORT / FOR THE YEAR ENDED 31 DECEMBER 2011 POST YEAR END GOVERNANCE DEVELOPMENTS Following the enactment of a Statutory Order in April 2012, changes were made to the Constitution of the Society which has facilitated a modernisation of its structures and governance. We also welcome the “Code of Practice for Good Governance of Community, Voluntary and Charitable Organisations in Ireland” which was launched in May 2012 and we are committed to fully complying with its contents. A review of our organisation’s compliance with the principles of the Code has been conducted in 2012 and any areas of weakness have been identified. These are currently being addressed and we are confident that we will be in full compliance with the Code by the end of 2013 VOLUNTARY MEMBERS The Board of Directors recognises and appreciates the commitment of the Society’s 5,210 members throughout the country. It is not possible to place a monetary value on this voluntary effort but it is essential in enabling the Society to achieve its core objective of preventing and alleviating human suffering, protecting life and health, ensuring respect for human beings and continually delivering a high quality humanitarian service to society at home and abroad.