17 April 2025
Statement from CEO Diarmaid Ó Corrbuí
I am delighted to be launching Carmichael’s 2024 Annual Report.
The publication of the organisation’s annual report is a very important event. It is the organisation’s accountability statement to its stakeholders, its funders, staff, volunteers, service users, supports, regulators and the wider public.
The 2024 Annual Report sets out our purpose, strategic objectives, services, governance arrangements, our funding sources and what we did with those funds and resources in delivering on our purpose, our objectives and targets set in our strategic plan.
There are a lot of achievements by the Carmichael team in 2024 that I am very proud of. These include;
- Carmichael was home to 42 different nonprofit organisations.
- 3,904 people were supported through our training and support services
- 69 mentoring assignments commenced in 2024.
- We provided 185 informal supports to 338 people from 171 organisations and networks.
- We had 705 meeting room bookings in Carmichael Centre.
- We had 132 entries and more than 140 people attended our 2024 Good Governance Awards event.
- Our operating income was €1,960,686 an increase of €154,516 (9%) compared to 2023.
- Our operating expenditure was €2,054,666 an increase of €170,456 (9%) from 2023.
- We had an overall deficit of €93,979.
2024 however, was not all plain sailing and we experienced higher staff and operating costs. We also had some building issues which meant that some of our meeting rooms and offices were not available and resulted in reduced income. The net effect of these was that we incurred an overall deficit of €94,000 which will be funded from our reserves.
Overall, it was a very strong year for the delivery of our services and meeting our strategic targets, but our expenditure was greater than the income we earn and received from our statutory funders. Our challenge for 2025 is to continue to grow and expand our services and carefully manage our expenditure to reduce the size of our operating deficit and work to a breakeven position in 2026.
I want to thank the Board of Carmichael for their supportive guidance and governance oversight. A big thank you to the team in Carmichael, our staff and volunteers. Thank you to all those who support us with the Good Governance Awards and the mentoring programme, our funders and supporters and especially, the thousands of people from the sector that use our services and supports every year.
Diarmaid Ó Corrbuí
