Governance and Transparency
Gaisce —Gradam an Uachtaráin The President’s Award is a governed by a board of directors – the Gaisce Council – appointed by the Minister of Children and Youth Affairs and by the terms of the organisation’s Memorandum and Articles of Association. Gaisce is a company limited by guarantee (CRO: 251020) and with a charity number (CHY: 8482). Our patron is President of Ireland, Michael D. Higgins.
The Council agree the strategic direction of the organisation and the CEO and staff team deliver it. You can read more about Gaisce staff and our current Council on this website, and download our previous Strategic Plan on this page.
Overview of Financial Statements, Organisational Activities and Compliance
Gaisce – The President’s Award is committed to transparency in relation to finance and governance. We have prepared this page to provide you with an overview of our financial statements, organisational activities and compliance. If you require further information, please do not hesitate to contact our team at firstname.lastname@example.org
Our Impact Report for Gaisce – The President’s Award prepares public reports on an annual basis on all of our activities. You can download our 2019 Impact Report here. The figures below refer to 2019.
|Non-state Philanthropic & Donations||€188,292|
Council members receive no remuneration for their role. They are reimbursed for vouched expenses for Council duties, including attending Council meetings, only.
The Chief Executive Officer is the highest earning employee in Gaisce and received a gross salary in 2019 of €85,557. One members of staff earned between 60K-70K in 2019. No other member of staff in Gaisce earned more than €60,000. Pensions Gaisce operates a defined contribution pension scheme for employees who began employment with the organisation prior to 2014. The contribution made by the organisation is twice the contribution of a participating staff member, to a maximum of 13% gross salary. Staff employed from 1st January 2014 are required to contribute to the Single Public Sector Pension Scheme (SPSPS). The organisation does not financially contribute to the SPSPS.
Gaisce prepares its accounts in line with the Statement of Recommended Practice (SORP), and because of this, all income received in a year must be recognised in the same financial year. 2019’s €52K surplus comprises a deficit of ca. €6K on unrestricted funds and a surplus of ca. €58K on restricted funds. The surplus on restricted funds for the year relates to funding received in 2019 for special projects that were either still ongoing at year end or not due to begin until 2020. Gaisce’s financial year is 31 December and its accounts are audited annually by Crowe Horwath Bastow Charleton Accountants. Gaisce’s law firm is A&L Goodbody. You can download our most recent audited accounts on this page.
Compliance Tax Compliance
Gaisce is fully tax compliant and has an up to date Tax Clearance Certificate from Revenue (Reference 04723849-28167F – copy available on request).
Charities Governance Code
The company delivers the Award and discharges the full range of corporate governance responsibilities as required by company law. Gaisce is working towards full compliance with the Charities Governance Code, issued by the Charities Regulator in late 2018.
Statement of Guiding Principles for Fundraising
Gaisce is committed to complying with the Statement of Guiding Principles for Fundraising, a voluntary code of conduct drawn up by charity fundraising practitioners and donors with support from legal, accounting and other related professionals. You can learn more about the Guiding Principles on the Charities Institute Ireland. The Statement aims to:
- Develop fundraising practices in Ireland;
- Promote high levels of openness, accountability and transparency among organisations which raise funds from the public;
- Provide clarity and assurances to supporters, prospective supporters and the general public about the organisations which they support.