Page 26 - Iveagh Trust
P. 26
24 Annual Report 2023
REVENUE
ACCOUNT
AS AT 31ST DECEMBER 2023
2023 2022
€'000 €'000
Income 14,581 Operating expenses (10,810) 13,165
(9,324)
OPERATING SURPLUS 3,771 3,841
Investment income 493 Interest payable (2,206) 81
(2,510)
SURPLUS FOR THE FINANCIAL YEAR 2,058 1,412
Net actuarial gain on pension schemes 177 578
Increase in Revenue Reserves 2,235 1,990
REVENUE RESERVES AT BEGINNING OF YEAR 20,051 18,061
REVENUE RESERVES AT END OF YEAR 22,286 20,051
