N I G A T
Financial Report for the year
1st November 2023 to 31st October 2024
C O N T E N T S
(1) Treasurers Report
(2) Income & Expenditure Account for the year ended 31st Oct 2024
(3) Statement of Assets & Liabilities as at 31st Oct 24
NIGAT TREASURER'S REPORT 2023/2024
We are pleased to present our Income & Expenditure Account and Treasurer's Report for the financial year ended 31st October 2024.
The Income & Expenditure Account for the financial year reflects a net deficit of £559 (2023: surplus £702).
Income for the financial year amounted to £5,919 offset by expenditure incurred of £6,477.
Donations of £1,539 were received during the year (2023: £2,490).
The receipts from the Summer School amounted to £2,655 with expenditure incurred of £1,533, resulting in a net surplus of £1,122.
Membership subscriptions were received totalling £1,195. 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 (£2,700 for the year in rental expenses plus £666 on insurance costs)
As at 31st October 2024, the Total Funds available for NIGAT was £17,428 :
£17,986 - Funds B/Fwd @ 31st Oct 23
£5,919 - Add Income (1st Nov 23 to 31st Oct 24)
(£6,477) - Less Expenditure (1st Nov 23 to 31st Oct 24)
£17,428 - Funds Available @ 31st Oct 24
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 2023 TO 31st OCTOBER 2024
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) |
£ £ £ £ £ £ |
1,539 1,195 2,655 530 5,919 113 |
|---|---|---|
| Day Meetings Expenses includes Snacks/Tea & Coffee | £ | 1,116 |
| Summer School Expenses includes Travel & Accomodation | £ | 1,533 |
| Library / New Reading Room costs includes Rent & Rates | £ | 3,466 |
| Accountant Fee | £ | 250 |
| TOTAL EXPENDITURE FOR YEAR | -£ | 6,477 |
| SURPLUS /(DEFICIT) FOR YEAR | -£ | 559 |
| (Total INCOME Less Total EXPENDITURE) |
NORTHERN IRELAND GROUP FOR ART AS THERAPY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31st OCTOBER 2024
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|---|---|
|ASSETS|
|NIGAT Danske Current A/c - Summer School|£ 2,266|
|NIGAT Danske Current A/c - General|£ 14,747|
|Paypal A/C|£ 415|
|TOTAL ASSETS|£ 17,428|
|LIABILITIES|£ -|
|NET ASSETS AS AT 31st OCTOBER 2024|£ 17,428|
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