Menu
Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

Irish Sailing Publishes Buoyant 2019 Accounts

28th February 2020
Irish Sailing Publishes Buoyant 2019 Accounts

Irish Sailing has published its Financial Statements for 2019 ahead of next month's AGM in Dun Laoghaire.

Overall a surplus of €16,630 is reported for 2019 compared with a deficit in 2018 of €120,843. This is after total 2019 income improved by €236,236 to €2,359,236 from €2,123,400 in 2019.

The Association, the national governing body for sailing, experienced a significant improvement in its 2019 financial performance and enhanced its cash resources compared to 2018.

The key factors in contributing to this turnaround appear to include:

  • €100,000 received from Sailfleet Company Ltd which use to own and manage the J80 Fleet and was sold off during 2019.
  • €159, 126 from the Irish Sailing Foundation Ltd, an organisation set up to separately fund elite sailing activities.

Core Highlights

Highlights from the Core activities;

  • Membership Income increased by 8% to €309,097 but the number of members is not disclosed.
  • The Sport Ireland Government Grant increased by 19% to €62,000.
  • Income generated from the issue of competency certificates increased by 31% to €64,316 in contrast to other income sources which largely remained flat.
  • Handicap Certificates remains static at €70,559 which is probably indicative of zero growth in cruiser racing
  • An increase in payroll costs of 7% to €532,911 and a doubling of legal and professional fees to €41,475 contributed to Core costs escalating by nearly €100k to €1,108,358.

Download the AGM notice below (with a link to the financial statements).

The Irish Sailing Association AGM will be held at the Royal Marine Hotel, Dun Laoghaire at 1630hrs on 21st March 2020

Downloads

Published in ISA
Afloat.ie Team

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.

Direct Donation to Afloat button

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Webcams

Featured Car Brands

subaru sidebutton

Featured Associations

ISA sidebutton dob
ICRA
isora sidebutton

Featured Events 2020

Wave button for Afloat new dates

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

quantum sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating