ALONE’s Financial Statements outline the finances of ALONE for each year to provide transparency for funders and donators. These documents serve an important purpose in ensuring accountability regarding the organisation’s finances. They provide a detailed account of ALONE’s financial activities over the year, including income, expenditures, assets, and liabilities. The documents help to guide financial planning and decision-making processes to ensure the sustainability and growth of ALONE’s services. They demonstrate how funds are managed and allocated and provide assurance that grants and donations are being used effectively to support the organisation’s mission of helping older people live and age independently at home. ALONE’s financial statements are publicly available and are vital for maintaining transparency, supporting strategic decision-making, facilitating fundraising, ensuring compliance, communicating with stakeholders, and risk management.
This is the 2016 financial statement which outlines several key achievements by the ALONE Trust and subcommittees:
– The Board agreed for ALONE to engage with statutory agencies to secure fudning for services.
– The Board continued its commitment to investing 1.3million of 3 years to respond to ageing demographic changes.
– The Board carried out a survey of Board effectivenss and signed off an enhanced Risk management process.
– The Board agreed to restructure the management within ALONE to support growth projections of the organisations.
ALONE ended 2015 with €4.6 million , and gained a surplus of €316, 291 – full details are provided in the statement.