Page 24 - The Iveagh Trust AR 2023
P. 24
22 Annual Report 2023
CALF scheme and from the Housing Finance Agency. In 2023, the Trust entered into a commitment to purchase 38 housing units in Dublin 12.
The Trust’s total borrowings, including amounts falling due for repayment within one year, were €94.4 million. The Trustees expect that these borrowings will be repaid out of future rental income and receipts under the Payment & Availability scheme.
At the end of 2023, the total Funds held by the Trustees were €22.3 million. The Trust remains in a strong financial position and is well placed to
ensure that existing housing is maintained to a good standard and to expand the housing estates as opportunities for development become available.
The accounts summarised on pages 24 to 25 are compliant with FRS 102 and have been audited by an independent auditor. The Trustees’ full Financial Statements for 2023, including the auditor’s report, are available for download at www.theiveaghtrust.ie.
