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IPCC Strengthens and Grows

At the 24th AGM of the IPCC held on the 28th April 2011, the Committee of Management approved the accounts for the twelve months ended 31 December 2010.

We are delighted to present the Report and Annual Accounts of the Irish Peatland Conservation Council for 2010. In this the International Year of Biodiversity we continued to manage our nature reserves. We ran a very successful campaign focusing on the Peatlands 2020 Action Plan and hosted a variety of education and awareness events. Our work continues to raise the profile and capacity of the IPCC.

We are grateful to all those volunteers who have pledged their support to the work of the IPCC during the year. We also wish to thank our supporters who have donated faithfully to all of our fundraising appeals during the year. Go raibh míle maith agaibh go léir.

IPCC's auditors, LHM Casey McGrath, have given an unqualified audit report on the full statutory accounts. Copies of the full accounts have been lodged with the Companies Office for filing and can be obtained from The Chief Executive, IPCC, Lullymore, Rathangan, Co. Kildare. We would appreciate a donation of an A4-sized SAE Euro12 to cover copying and P&P.

Committee of Management, IPCC

Jenni Roche, Miles Newman, Martin Kelly, Ruth McGrath, Catherine O'Connell and Sean O'Farrell

Financial Highlights 2010

INCOME AND EXPENDITURE ACCOUNT - For Year Ended 31st December 2010

Income 31 Dec '09 Euro 31 Dec '10 Euro Purchase of Irish peatlands 135 745 Friends of the Bog Donations 81,334 67,448 Project donations 111,930 109,889 Gross profits on Nature Shop Catalogue trading 18,373  13,047 Bank Interest 6,225 5,283 Advertising 1,785 595 Legacies 921 2,180 Consultancy & Copyright Fees 1,751 1,283 Gain on Sterling Exchange 282 0 222,736 203,483   Expenditure   Conservation, education, site acquisition & public awareness projects  161,929 155,700 Supporter services  18,217 19,398 Administration 22,265  21,641 202,411 196,739   Surplus for the year 20,325 6,744

The IPCC's future depends on the generosity of its supporters who give time or money.   Profits from sales in the Nature Shop go towards the Save the Bogs Campaign. IPCC's Conservation Rserves Officer carrries out the restoration of our nature reserves.   A Business Plan prepared by the IPCC's Committee of Management charts our campaign intiatives to 2015.   An operating surplus will be invested in the upgrading the visitor exhibitions at the Bog of Allen Nature Centre

BALANCE SHEET - For Year Ended 31st December 2010

31 Dec '09 Euro 31 Dec '10 Euro Fixed Assets 362,282 347,362 Current Assets Stock 21,675 16,982 Debtors and Prepayments 5,248 4,271 Purchase of peatlands Restricted Fund 108,089 108,834 Project Fund 467,335 500,925 Current Liabilities Creditors (47,290) (54,290) Net Current Assets 555,057 576,722 917,339 924,084 ====== ====== Represented by Capital Employed Capital Reserve 8,337 8,337 Income and Expenditure Account 909,002 915,747 Total 917,339 924,084 ====== ======

The Balance Sheet shows the financial resources of IPCC and how they are committed.   Fixed Assets: The assets IPCC needs to operate e.g. headquarters, the Bog of Allen Nature Centre, nature reserves, computers, field studies equipment, etc. Purchase of peatlands restricted fund is tied by the IPCC to peatland sites already owned or to new acquisitions. Project fund. This has to support the running costs of IPCC and all its current campaigns and education projects.