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 2019 and 2018.

2019 Actual (€)
2018 Actual (€)
Secretariat
707,917
600,506
Consultants and services
424,389
481,610
Travel, subsistence and meetings
141,180
111,026
Governance
131,437
133,447
IT software
122,010
84,796
Depreciation
42,506
37,398
Total Expenditure
1,569,439
1,448,783

Notes
Secretariat: the costs invested in the people who carry out the day-to-day running of SBP.
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.
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.
Governance: the costs arising from running the multi-stakeholder governance system; travel costs mostly allocated to Travel, subsistence and meetings. (Note for 2018 the costs arising from running the Advisory Board.)
IT, Legal & Professional Fees: includes the necessary legal and professional fees associated with running SBP.
IT software: the costs associated with licences for the use of multiple software products, including running and developing the DTS.