background image
RCSI ANNUAL REPORT 2013-2014
80
Achievements
During the year a number of key activities
were undertaken, which included:
>
We progressed the detailed design and
funding plan for the
80m investment
in a state-of-the-art education facility on
our Irish campus, which is targeted to
be open for the academic year 2016/17.
We also supported the development of
Education Centres for undergraduate
teaching at Our Lady of Lourdes
Hospital Drogheda (opening 2014) and
St Luke's Hospital in Kilkenny (opening
2015).
>

We continued to work closely with
our partners Dublin City University
and National University of Ireland,
Maynooth under the 3U Partnership,
with the appointment of a Director of
this collaboration. Work continued with
our main teaching hospital, Beaumont
Hospital in the area of Molecular
Pathology translational research and
services.
>

The pension funding plan approved
by the Irish Pensions Board following
the restructure of the defined benefit
pension scheme, remained on track.
>

The College received a National
Champion award under the European
Business Awards for growth Strategy
(RSM Farrell grants Sparks).
we must retain a level of flexibility in our
planning to be able to continually adapt
to a changing environment.
yEAR ENDED 30 SEPTEMBER 2013
2013
2012
INCOME & EXPENDITURE
MILLIONS
MILLIONS
Income
Core activities (Education, Research, Surgery)
117
115
Endowments & fundraising
12
11
Total income
129
126
Expenditure
Operating costs
(102)
(97)
Operating surplus
27
29
Property impairment (net)
0
(3)
Pension gain/(loss)
11
(9)
Net gain for the year
38
17
Balance Sheet
Net assets
88
50