Irish Sailing Association Publishes 'Updated' Financial Statements

20th March 2023

The Irish Sailing Association (ISA) has published 'updated' annual financial statements ahead of its agm this Saturday.

The recently-published 2022 annual financial statements presented a picture of robust financial good health, with almost €1.4m in the bank, though nearly €900k of this reflects grants received, which have yet to be disbursed.

However, the summarised financial statements did not explain the extraordinary reversal of the overall operating result, with a surplus of €171k in 2021 turning into a loss of €67k in 2022, a swing of €238k.

The Association said today (March 20) an 'administrative error' led to the accounts posting on March 14th without data that it traditionally publishes.

As regular Afloat readers will know, the absence of customary unaudited detailed income and expenditure accounts was reported last week.

The updated accounts 'IS Financial Statements with Appendix 2022' are downloadable below and on this link here

Saturday's AGM will be held at 1 pm in the Royal Marine Hotel, Dun Laoghaire, Co. Dublin.

Downloads

IS Financial Statements with Appendix 2022.pdf (128 Downloads)

Published in ISA

Tagged under

Irish Sailing Association

About The Author

Afloat.ie Team

Email The Author

Afloat.ie is Ireland's dedicated marine journalism team.

Have you got a story for our reporters? Email us here.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

You might also want to read...

Irish Sailing

The Irish Sailing Association, also known as Irish Sailing, is the national governing body for sailing, powerboating and windsurfing in Ireland.

Founded in 1945 as the Irish Dinghy Racing Association, it became the Irish Yachting Association in 1964 and the Irish Sailing Association in 1992.

Irish Sailing is a Member National Authority (MNA) of World Sailing and a member of the Olympic Federation of Ireland.

The Association is governed by a volunteer board, elected by the member clubs. Policy Groups provide the link with members and stakeholders while advising the Board on specialist areas. There is a professional administration and performance staff, based at the headquarters in Dun Laoghaire, Co. Dublin.

Core functions include the regulation of sailing education, administering racing and selection of Irish sailors for international competition. It is the body recognised by the Olympic Federation of Ireland for nominating Irish qualified sailors to be considered for selection to represent Ireland at the Olympic Games. Irish sailors have medalled twice at the Olympics – David Wilkins and Jamie Wikinson at the 1980 games, and Annalise Murphy at the 2016 games.

The Association, through its network of clubs and centres, offers curriculum-based training in the various sailing, windsurfing and powerboating disciplines. Irish Sailing qualifications are recognised by Irish and European Authorities. Most prominent of these are the Yachtmaster and the International Certificate of Competency.

It runs the annual All-Ireland Championships (formerly the Helmsman’s Championship) for senior and junior sailors.

The Association has been led by leading lights in the sailing and business communities. These include Douglas Heard, Clayton Love Junior, John Burke and Robert Dix.

Close to 100 sailors have represented Ireland at the Olympic and Paralympic Games.

Membership of Irish Sailing is either by direct application or through membership of an affiliated organisation. The annual membership fee ranges from €75 for families, down to €20 for Seniors and Juniors.