International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | |||||||
| Year ended 31 December 2023 | |||||||
| 2023 | 2022 | ||||||
| INCOME | £ | £ | £ | £ | |||
| Membership subscriptions | 20,674 | 19,751 | |||||
| Journal advertising | 14,405 | 14,714 | |||||
| Website advertising | 1,009 | 1,116 | |||||
| Advertiser mailshot fee | 0 | 250 | |||||
| Map fair contributions | 350 | 800 | |||||
| Book & Journal sales | 601 | 650 | |||||
| Members’ events (net) (Note 4) | 163 | -973 | |||||
| Bank interest | 1,712 | 336 | |||||
| ——– | 38,914 | ——– | 36,644 | ||||
| EXPENDITURE | |||||||
| IMCoS journal | 33,726 | 32,790 | |||||
| Map and Society Lectures | 200 | 200 | |||||
| AGM & committee meetings | 168 | 528 | |||||
| International events | 0 | 1,028 | |||||
| Show and Tell events | 42 | 0 | |||||
| Postage | 213 | 304 | |||||
| General insurance | 369 | 369 | |||||
| Gifts and Awards | 54 | 125 | |||||
| Membership leaflets | 324 | 187 | |||||
| Membership administration | 745 | 744 | |||||
| Financial administration | 196 | 176 | |||||
| Computer & website (Note 5) | 1,022 | 972 | |||||
| Bank & credit card charges | 808 | 775 | |||||
| ——– | 38,187 | ——– | 38,198 | ||||
| SURPLUS/<DEFICIT> OF ORDINARY | ——— | ——— | |||||
| INCOME FOR THE YEAR | £ 1,047 | £ -1,554 | |||||
| ===== | ===== | ||||||
| . | |||||||
| BALANCE SHEET | |||||||
| Year ended 31 December 2023 | |||||||
| 2023 | 2022 | ||||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| IMCoS library (less sales) | 500 | 500 | |||||
| Website, subject to amortisation (Note 1) | 1 | 1 | |||||
| 501 | 501 | ||||||
| CURRENT ASSETS | |||||||
| Bank balances (Note 2) | 94,254 | 93,283 | |||||
| Prepayments | 198 | 358 | |||||
| Accounts receivable | 1,440 | 700 | |||||
| ——– | 95,892 | ——– | 94,341 | ||||
| CURRENT LIABILITIES | |||||||
| Prepaid membership subscriptions | |||||||
| 2023 | 0 | 13,533 | |||||
| 2024 | 13,401 | 6,205 | |||||
| 2024 | 6,015 | 1,788 | |||||
| 2026 | 2,064 | 0 | |||||
| Totals | 21,479 | 21,526 | |||||
| Creditors | 5,075 | 4,525 | |||||
| Advance receipts for UK events | 900 | 900 | |||||
| ——– | 27,454 | ——– | 26,951 | ||||
| ——– | ——– | ||||||
| NET CURRENT ASSETS | 68,438 | 67,750 | |||||
| ——– | ——– | ||||||
| NET ASSETS | £ 68,939 | £ 68,251 | |||||
| ===== | ===== | ||||||
| MEMBERS’ FUNDS | |||||||
| Balance brought forward | 67,892 | 69,446 | |||||
| Surplus for year | 1,047 | -1,554 | |||||
| ——– | ——– | ||||||
| TOTAL FUNDS | £ 68,939 | £ 67,892 | |||||
| ===== | ===== | ||||||
| Cinzia Viviani | Mike Sweeting | ||||||
| Honorary Treasurer | Chairman | ||||||
| . | |||||||
| . NOTES TO THE ACCOUNTS | |||||||
| Year ended 31 December 2023 | |||||||
| 2023 | 2022 | ||||||
| 1. WEBSITE | £ | £ | |||||
| Cost of new website | 9,885 | 9,885 | |||||
| Less Amortisation | 9,884 | 9,884 | |||||
| Carried forward | 1 | 1 | |||||
| . | |||||||
| The new website became operational on 1st July 2016. | |||||||
| This was amortised over three years to 30th June 2019. | |||||||
| . | |||||||
| 2. BANK BALANCES | |||||||
| National Westminster Bank | £ | £ | |||||
| Current a/c | 17,821 | 13,563 | |||||
| Bonus saver | 8,189 | 8,101 | |||||
| Term deposits | 68,243 | 71,619 | |||||
| 94,254 | 93,283 | ||||||
| . | |||||||
| 3. UK LOCAL EVENTS | |||||||
| A donation of £1,000 was received in 2016 to assist in arranging visits | |||||||
| to places of interest. No allocation has been made in respect of 2023 (2022 nil). | |||||||
| Carry forward | 900 | 900 | |||||
| . | |||||||
| 4. MEMBERS EVENTS | Income | Expenditure | Surplus | 2022 | |||
| (Deficit) | Net | ||||||
| £ | £ | £ | £ | ||||
| Annual Dinner | 0 | 0 | 0 | -1,112 | |||
| Leith visit (Hereford visit 2022) | 2,160 | -1,997 | 163 | 139 | |||
| 2,160 | -1,997 | 163 | -973 | ||||
| . | |||||||
| 5. WEBSITE RUNNING COSTS | 2023 | 2022 | |||||
| £ | £ | ||||||
| Service & upgrading system | 1,023 | 972 | |||||
| Amortisation | 0 | 0 | |||||
| 1,023 | 972 | ||||||
| 6. CONTINGENT LIABILITIES | |||||||
| There are at present no contingent liabilities (2022: £nil). | |||||||
