N I G A T
Financial Report for the year
1st November 2022 to 31st October 2023
C O N T E N T S
(1) Treasurers Report
(2) Income & Expenditure Account for the year ended 31st Oct 2023
(3) Statement of Assets & Liabilities as at 31st Oct 23
NIGAT TREASURER'S REPORT 2022/2023
We are pleased to present our Income & Expenditure Account and Treasurer's Report for the financial year ended 31st October 2023.
The Income & Expenditure Account for the financial year reflects a net surplus of £703 (2022: £2,350).
Income for the financial year amounted to £5,945 offset by expenditure incurred of £5,242.
Donations of £2,490 were received during the year (2022: £3,743).
The receipts from the Summer School amounted to £1,845 with expenditure incurred of £1,368, resulting in a net surplus of £477.
Membership subscriptions were received totalling £1,270. Paypal was the preferred method of payment for membership fees and we would continue to encourage our members to avail of this service.
The main source of expenditure during the year was the Peace People reading room on the Lisburn Road (£1,925 for the year in rental expenses plus £661 on insurance costs)
As at 31st October 2023, the Total Funds available for NIGAT was £17,986 :
£17,283 - Funds B/Fwd @ 31st Oct 22
£5,945 - Add Income (1st Nov 22 to 31st Oct 23)
(£5,242) - Less Expenditure (1st Nov 22 to 31st Oct 23)
£17,986 - Funds Available @ 31st Oct 23
We would like to thank all our members for their continued support and share our appreciation for your efforts during the year.
Take care & stay safe.
NIGAT
NORTHERN IRELAND GROUP FOR ART AS THERAPY
INCOME & EXPENDITURE ACCOUNT FOR 12 MONTHS 1st NOVEMBER 2022 TO 31st OCTOBER 2023
Consolidation of 2x Danske Current A/cs & PayPal A/c
| INCOME Donations NIGAT Membership Subscriptions Summer School Receipts Day Meetings Income TOTAL INCOME FOR YEAR EXPENDITURE Bank Charges (2 x Danske Current A/C's & Paypal) |
£ £ £ £ £ £ |
2,490 1,270 1,845 340 5,945 101 |
|---|---|---|
| Day Meetings Expenses includes Snacks/Tea & Coffee | £ | 987 |
| Summer School Expenses includes Travel & Accomodation | £ | 1,368 |
| Library / New Reading Room costs includes Rent & Rates | £ | 2,586 |
| Accountant Fee | £ | 200 |
| TOTAL EXPENDITURE FOR YEAR | -£ | 5,242 |
| SURPLUS /(DEFICIT) FOR YEAR | £ | 703 |
| (Total INCOME Less Total EXPENDITURE) |
NORTHERN IRELAND GROUP FOR ART AS THERAPY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31st OCTOBER 2023
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|---|---|
|ASSETS|
|NIGAT Danske Current A/c - Summer School|£ 591|
|NIGAT Danske Current A/c - General|£ 15,477|
|Paypal A/C|£ 1,918|
|TOTAL ASSETS|£ 17,986|
|LIABILITIES|£ -|
|NET ASSETS AS AT 31st OCTOBER 2023|£ 17,986|
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