Our Finances
LauraLynn’s children’s hospice and palliative care services is financed largely through the generosity of public donations.
In 2021the service commenced receiving recurring core funding from the Health Service Executive (HSE) under a Section 39 Service Agreement, which corresponded to approximately 29% funding
LauraLynn’s disability service is operated under a Section 38 Service Agreement with the HSE. Consequently, the main source of funding for this service is the HSE.
LauraLynn is proud to be a ‘Triple Lock Member’ of the Charities Institute of Ireland. We take the commitment and trust of our donors and funders seriously and we honour it by providing clear and transparent information about how we raise our money, how we account for it and how we spend it.
Here’s how our money was spent in 2021…
For every €1 we spent:
- 76c - Service Provision
- 15c - Generating Funds
- 8c - Sustainable income generation
- 1c - Governance
Donations
LauraLynn, through the Trust, raises income from individuals, companies, organisations, and community fundraisers to enable the operation of LauraLynn's Hospice Service. 2021 was another hugely successful year for fundraising and we were overwhelmed once again by the incredible generosity of our supporters, old and new. Thanks to this, in 2021, LauraLynn raised a total of €10m. This represents a 9% increase on the funds raised in 2020 (€9.2m). A large part of this was due to very large sums raised from our online Facebook fundraising through our various challenges. We are truly grateful to everyone who took part in one of these or other challenges or events, or donated to us through their company or personally.
