CARA CREDIT UNION LTD | ANNUAL REPORT 2021
CARA CREDIT UNION LTD | ANNUAL REPORT 2021
INCOME & EXPENDITURE ACCOUNT
BALANCE SHEET
For the Financial year ended 30th September 2021
aS at 30th September 2021
iNCOME
Schedule
Interest on members’ loans Other interest income and similar income NEt iNtERESt iNCOME Other Income tOtAL iNCOME
1 2
2021 €
2020 €
6,752,191 1,347,270 8,099,461 346,768 8,446,229
6,594,350 1,310,981 7,905,331 92,044 7,997,375
2,777,429 3,788,185 146,755 (104,203) 6,608,166
2,518,668 3,326,718 125,992 281,541 1,723,878 7,976,797
1,838,063
20,578
ExPENDitURE Employment costs Other management expenses Depreciation Impairment of premises Net impairment (gains)/losses on loans to members tOtAL ExPENDitURE
3
6
SURPLUS FOR thE FiNANCiAL YEAR
STATEMENT OF OTHER COMPREHENSIVE INCOME For the Financial year ended 30th September 2021
Surplus for the financial year Other comprehensive income tOtAL COMPREhENSiVE iNCOME FOR thE FiNANCiAL YEAR
2021 €
2020 €
1,838,063 1,838,063
20,578 20,578
The financial statements were approved and authorised for issue by the Board and signed on behalf of the credit union by: CEO: Chairperson Board of Directors: Chairperson Board Oversight Committee:
The notes on pages 26 to 41 form part of these financial statements. 22
Patrick Laide 10th Nov. 2021 Caroline Sugrue 10th Nov. 2021 Patrick O’Brien 10th Nov. 2021
2021 ASSEtS
2020
Notes
€
€
8 8 9 10 15 11 12 13
5,675,461 48,576,873 136,900,261 98,824,435 (7,713,548) 7,318 2,196,327 265,000 695,529 285,427,656
3,234,527 36,942,154 122,702,032 90,347,488 (7,168,641) 2,075 1,934,256 265,000 585,940 248,844,831
14 14 15 16 17
240,724,795 199,533 3,149,067 977,079 56,920 245,107,394
208,669,102 174,981 1,683,559 2,015,700 62,508 212,605,850
19 19
28,684,000 1,588,282
26,132,529 1,426,386
19 19
9,837,839 210,141 40,320,262
8,468,061 212,005 36,238,981
285,427,656
248,844,831
Cash and balances at bank Deposits and investments – cash equivalents Deposits and investments – other Loans to members Provision for bad debts Members’ current accounts overdrawn Tangible fixed assets Investments in associates Prepayments and accrued income tOtAL ASSEtS LiABiLitiES Members’ shares Members’ deposits Members’ current accounts Other liabilities, creditors, accruals and charges Other provisions tOtAL LiABiLitiES RESERVES Regulatory reserve Operational risk reserve Other reserves - Realised reserves - Unrealised reserves TOTAL RESERVES TOTAL LIABILITIES AND RESERVES
The financial statements were approved and authorised for issue by the Board and signed on behalf of the credit union by: CEO: Chairperson Board of Directors: Chairperson Board Oversight Committee:
Patrick Laide 10th Nov. 2021 Caroline Sugrue 10th Nov. 2021 Patrick O’Brien 10th Nov. 2021
The notes on pages 26 to 41 form part of these financial statements. 23
