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THE HERITAGE COUNCIL INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2009
Notes 2009 2008
€ €
Income
Oireachtas Grant 1 13,473,219 21,615,073
Other Income 2 255,265 629,571
Net deferred funding for pensions 8 (c) 353,000 305,000
Transfer to/from Capital Account 3 510,327 -2,119,495
Total Income 14,591,811 20,430,149
Expenditure
Grants 4 6,769,786 10,468,458
Projects, promotions, studies 5 4,160,783 6,367,592
Administration
Council members’ honoraria & expenses 6 132,391 152,081
Committee members’ expenses 8,199 16,874
Staff costs 7 1,414,008 1,446,906
Establishment expenses 9 215,164 339,520
Office supplies and administration 10 241,452 280,637
Depreciation 11 558,294 356,874
Total Administration 2,569,508 2,592,892
Total Expenditure 13,500,077 19,428,942
Surplus/(Deficit) for the year 1,091,734 1,001,207
Balance at 1st January, 2009 755,063 -246,144
Balance at 31 December 2009 1,846,797 755,063
The results for the year relate to continuing operations.
The statement of Accounting Policies, Notes 1 to 19 and Schedule 1 form part of these financial
statements.
Mr. Conor Newman Council Chairperson
Martina Moloney Council Member
Michael Starrett Chief Executive
THE HERITAGE COUNCIL 2009 ANNUAL REPORT 31