Irish Sailing Publishes Buoyant 2019 Accounts

28th February 2020

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

Notice of AGM 2020 (2).pdf (197 Downloads)

Published in ISA

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Irish Sailing

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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.