SVP has cash reserves of over €75m

Donations received by St Vincent de Paul in bequests surged in 2011 to €8.9m, and the charity has cash reserves of €75.5m in the bank, latest figures show.

The annual report for 2011 shows the charity received almost €17m in bequests in 2011 and 2010.

A spokesman said “legacies and bequests are very important to SVP, accounting for 11% of income over the last number of years”.