International Map Collectors' Society
</tr>
| INCOME & EXPENDITURE ACCOUNT | |||||||
| Year ended 31 December 2023 | |||||||
| 2024 | 2023 | ||||||
| INCOME | £ | £ | £ | £ | |||
| Membership subscriptions | 19,961 | 20,674 | |||||
| Journal advertising | 12,565 | 14,405 | |||||
| Website advertising | 945 | 1,009 | |||||
| Donations | 390 | 350 | |||||
| Book & Journal sales | 264 | 601 | |||||
| Members’ events (net) (Note 4) | 0 | 163 | |||||
| Bank interest | 2,314 | 1,712 | |||||
| ——– | 36,440 | ——– | 38,914 | ||||
| EXPENDITURE | |||||||
| IMCoS journal | 34,876 | 33,726 | |||||
| Map and Society Lectures | 200 | 200 | |||||
| AGM & committee meetings | 427 | 168 | |||||
| International events | 201 | 0 | |||||
| Show and Tell events | 16 | 42 | |||||
| Marketing | 15 | 0 | |||||
| Postage | 251 | 213 | |||||
| General insurance | 412 | 369 | |||||
| Gifts and Awards | 49 | 54 | |||||
| Membership leaflets | 0 | 324 | |||||
| Membership administration | 1,257 | 745 | |||||
| Financial administration | 234 | 196 | |||||
| Computer & website (Note 5) | 1,074 | 1,022 | |||||
| Bank & credit card charges | 593 | 808 | |||||
| ——– | 3,935 | ——– | 38,187 | ||||
| SURPLUS/<DEFICIT> OF ORDINARY | ——— | ——— | |||||
| INCOME FOR THE YEAR | £ <3,165> | £ 1,047 | |||||
| ===== | ===== | ||||||
| . | |||||||
| BALANCE SHEET | |||||||
| Year ended 31 December 2024 | |||||||
| 2024 | 2023 | ||||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| IMCoS library (less sales) | 500 | 500 | |||||
| Book restoration | 250 | 0 | |||||
| Website, subject to amortisation (Note 1) | 1 | 1 | |||||
| 501 | 501 | ||||||
| CURRENT ASSETS | |||||||
| Bank balances (Note 2) | 89,586 | 94,254 | |||||
| Prepayments | 198 | 198 | |||||
| Accounts receivable | 1,050 | 1,440 | |||||
| ——– | 90,834 | ——– | 95,892 | ||||
| CURRENT LIABILITIES | |||||||
| Prepaid membership subscriptions | |||||||
| 2024 | 0 | 13,401 | |||||
| 2025 | 12.378 | 6,015 | |||||
| 2026 | 5,634 | 2,064 | |||||
| 2027 | 1.677 | 0 | |||||
| Totals | 19,688 | 21,479 | |||||
| Creditors | 60 | 5,075 | |||||
| Advance receipts for UK events | 900 | 900 | |||||
| ——– | 25,811 | ——– | 27,454 | ||||
| ——– | ——– | ||||||
| NET CURRENT ASSETS | 65,023 | 68,438 | |||||
| ——– | ——– | ||||||
| NET ASSETS | £ 65,774 | £ 68,939 | |||||
| ===== | ===== | ||||||
| MEMBERS’ FUNDS | |||||||
| Balance brought forward | 68,939 | 67,892 | |||||
| Surplus for year | <3,165> | 1,047 | |||||
| ——– | ——– | ||||||
| TOTAL FUNDS | £ 65,774 | £ 68,939 | |||||
| ===== | ===== | ||||||
| Cinzia Viviani | Mike Sweeting | ||||||
| Honorary Treasurer | Chairman | ||||||
| . | |||||||
| . NOTES TO THE ACCOUNTS | |||||||
| Year ended 31 December 2024 | |||||||
| 2024 | 2023 | ||||||
| 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 | 17,839 | 17,821 | |||||
| Bonus saver | 1,304 | 8,189 | |||||
| Term deposits | 70,443 | 68,243 | |||||
| 89,586 | 94,254 | ||||||
| . | |||||||
| 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 2024 (2023 nil). | |||||||
| Carry forward | 900 | 900 | |||||
| . | |||||||
| 4. MEMBERS EVENTS | Income | Expenditure | Surplus | 2023 | |||
| (Deficit) | Net | ||||||
| £ | £ | £ | £ | ||||
| No visit 2024, Leith visit 2023 | 0 | 0 | 0 | 2,160 | |||
| 0 | 0 | 0 | 2,160 | ||||
| . | |||||||
| 5. WEBSITE RUNNING COSTS | 2024 | 2023 | |||||
| £ | £ | ||||||
| Service & upgrading system | 1,074 | 1,023 | |||||
| Amortisation | 0 | 0 | |||||
| 1,074 | 1,023 | ||||||
| 6. CONTINGENT LIABILITIES | |||||||
| There are at present no contingent liabilities (2023: £nil). | |||||||
