The Cyrenians is set to achieve a record-breaking 75% increase in turnover to over £9m in 2010/11, following on from a 40% increase in turnover to £5.4m in 2009/10. The forecast is for continued growth during 2011/12 as we have been successful in securing continued funding for existing projects and fresh income streams for several innovative new services.
Part of a planned strategy, our growth reflects the delivery of a wider range of services over a longer period of time to more people across a greater geographic area.
The Cyrenians now employs around 170 people, has a volunteer team of over 100 and provides support to over 800 individual people each week.
During 2010/11 over £3m capital investment was delivered through improvements to the infrastructure of two flagship projects by The Cyrenians' subsidiary social enterprise company TCUK Property Services Limited, set up to provide training and employment opportunities for clients. The improvements include extensive refurbishment and upgrades of Elliott House, our direct access emergency accommodation in Newcastle and Ridley Villas, a ground breaking new service for women recovering from drug and or alcohol dependency.
Over recent years we have succeeded in raising awareness of the positive difference we make to individuals in particular, and society in general, both regionally and nationally.
Our commercial performance has reflected these successes as we have attracted record levels of funding from both regional and national sources. We plan to continue to grow where we see need.
Whilst we have achieved much, we recognise that there, sadly, still much to do. We are committed to driving forward and succeeding. The skill and dedication of our staff team is pivotal to this work. They are the real force behind our goal of breaking the cycle of recurrent homelessness.
We thank all those who support us; we value and appreciate your commitment, support and faith and we are grateful to you all.