Charity's Income May Be Halved, Despite €1.3m Windfall
The Chernobyl Children International (CCI) charity is expecting income to halve this year, chief executive Adi Roche has revealed.
Ms Roche said that 2012 would be very challenging as new accounts for the 12 months to the end of January 2011 confirmed that two anonymous donors gave more than €500,000 each to the charity.
CCI also received the €250,000 proceeds from the sale of a home in a legacy.
As a result of the €1.3m in exceptional gifts, donation income to the charity increased by 23pc from €2.33m to €2.88m.
But a spokeswoman said that the charity sustained a 40pc drop in donation income over the last year.
Accounts for the 12 months to the end of January 2011 just lodged with the Companies Office show that the one-off gifts helped the charity record a surplus of €627,867 compared with a loss of €309,842 the previous year.
The charity had €2.8m in cash at the end of January 2011.
Charity founder Ms Roche said yesterday: "It has been a very difficult year for CCI and we are looking at an even more challenging year in 2012, with an anticipated 40pc to 50pc drop in income.
(Source: Irish Independent)