Report 2018
| Munster Indian Cultural Association Balance Sheet as of 31 Dec 2018 | |||||
|---|---|---|---|---|---|
| Assets | € | Donation | Educare | Events | |
| Funds in Bank Account | 3,601.64 | 1,424.00 | 1,008.41 | 1,169.23 | |
| Cash In Hand | 289.17 | 289.17 | |||
| MICA Asset | 1,707.42 | ||||
| Liabilities | |||||
| Creditors and Accruals | |||||
| Note1 | Total Assets less Current Liabilities | 5,598.23 | |||
| Reserves: | |||||
| Note 2 | Accumlated Income and Expenditure Account Surplus/(Deficit)2017 | - 8,022.58 | - 6,367.70 | - 1,017.00 | - 637.88 |
| Retained Earnings | 13,620.81 | ||||
| Note 3 | Members Funds | 5,598.23 | |||
| Note 1 | This equals bank balance as at year end date less any liabilities owed at year end date | ||||
| Note 2 | This equals the accumlated amount of income and expenditure balances over the years | ||||
| Note 3 | Members Funds must equal Total Assets Less Current Liabilities for the Balance Sheet to balance | ||||
| Munster Indian Cultural Association Surplus/(Deficit) Account for the year ended 31 Dec 2018 | ||||
|---|---|---|---|---|
| Activity 1 | Activity 2 | Activity 3 | Summary | |
| Donations | Education | Events | Total | |
| Income(Donations In) | ||||
| from Central Government | - | - | - | - |
| from Public Bodies | - | - | - | - |
| from Philanthropic Organisations | - | - | - | - |
| from Donations from the public | 16,847.60 | - | 8,749.50 | 25,597.10 |
| from Trading & Commerical Activities | - | - | - | - |
| from other sources | - | - | - | - |
| Total Income | 16,847.60 | - | 8,749.50 | 25,597.10 |
| Expenses | ||||
| Donations Out | 23,085.60 | 1,017.00 | - | 24,102.60 |
| Advertising | - | - | - | - |
| Printing, postage and stationary | - | - | - | - |
| Admin Expenses | - | - | - | - |
| Bank Charges | 129.70 | - | - | 129.70 |
| General /other Expenses | - | - | 1,134.20 | 1,134.20 |
| Event Expense | - | - | 8,253.18 | 8,253.18 |
| Total Expenses | 23,215.30 | 1,017.00 | 9,387.38 | 33,619.68 |
| Net surplus/(deficit) for year | - 6,367.70 | - 1,017.00 | - 637.88 | - 8,022.58 |