Our Finances
LauraLynn’s children’s hospice and palliative care services is financed largely through the generosity of public donations.
In 2023 the hospice service continued to receive core funding (€2.3m) from the Health Service Executive (HSE) under a Section 39 Service Agreement. The total cost for providing our hospice care and supports was €10.4m for the year. We continue to be reliant on fundraised income to cover this shortfall.
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 2023…
For every €1 we spent:
- 77c - Service Provision
- 19c - Generating Funds
- 3c - Sustainable income generation
- 1c - Governance
Donations
LauraLynn, through the Children’s Sunshine Home Trust, raises income from individuals, companies, organisations and community fundraisers, to enable the operation of LauraLynn’s hospice service, helping to support some of the most vulnerable children and families in Ireland. 2023 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 2023, LauraLynn raised a total of €8.8m. This represents a 5% increase on the funds raised in 2022 (€8.4m) and represents a very large increase on funds raised in 2019 of €4.5m pre-pandemic. We are truly grateful to everyone who took part in challenges or events or donated to us through their company or personally.
