Financial information

SBP is a not-for-profit organisation, with the intention to break even over the financial year. Should any profit be generated, those monies will be re-invested into the organisation.

The table below gives a breakdown of the total expenditure in 2021 and 2020.

2021 Actual (€)
2020 Actual (€)
Secretariat
762,450
820,384
Strategy projects
400,895
382,139
Consultants and services
490,648
350,687
IT software
318,937
209,016
Governance
228,077
127,819
Travel, subsistence and meetings
340
22,014
Depreciation and amortisation
55,461
30,360
Total Expenditure
2,256,808
1,942,419

Notes
Secretariat: the costs invested in the people who carry out the day-to-day running of SBP.
Strategy projects: the costs associated with the three-year work plan in support of SBP’s strategic objectives.
Consultants and services: the costs of consultants engaged to carry out specific project work and multiple service providers for functions including accountancy, payroll, secretarial services, accreditation and assurance, and legal advice.
IT software: the costs associated with licences for the use of multiple software products, including running and developing the DTS.
Governance: the costs arising from running the multi-stakeholder governance system.
Travel, subsistence and meetings: the costs that arise from the day-to-day running of SBP, running working groups, attending industry events and engaging with stakeholders.
Depreciation and amortisation: the cost of SBP’s tangible assets and software development spread over the lifetime of each asset.