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Christ Church Cathedral Dublin
Finance
€43,040
Bequests received F
€296,027 €250,000
ailte Ireland grants awarded RCB loan received
The Covid-19 pandemic continued to impact the Cathedral’s income throughout 2021 with heavy restrictions on international travel to Ireland remaining in place until late July. The remainder of the year continued in financial uncertainty and finished with some restrictions being reintroduced for December.
Prior to the pandemic, tourism, events and retail were the Cathedral’s principal revenue streams.
We are most grateful to Failte Ireland for the Tourism Continuity grants awarded to the Cathedral in 2021 which were valued at €296 027.50 and to receive a loan in 2021 from the RCB for €250,000.00.
The Cathedral availed of the Employment Wage Subsidy Scheme (EWSS) in respect of all employees throughout 2021.
As restrictions around attending divine worship in person continued, many of our regular donors to the Cathedral switched from the weekly envelope scheme to standing orders or direct debits for their giving.
The cathedral also received a number of bequests valued at €43,040.25.
The reliance on income generated by tourism, events and retail to sustain all aspects of Cathedral activity was highlighted by its immediate disappearance from March 2020. The need to diversify income streams and to build a financial reserve is indisputable.
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