International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | ||||||
| Year ended 31 December 2015 | ||||||
| 2015 | 2014 | |||||
| INCOME | £ | £ | £ | £ | ||
| Membership subscriptions | 19,620 | 20,128 | ||||
| Journal advertising | 15,057 | 17,440 | ||||
| Map fair contributions | 716 | 702 | ||||
| Website advertising | 960 | 960 | ||||
| Members’ events (Note 2) | 258 | 212 | ||||
| Book sales (net) | 422 | 78 | ||||
| Bank interest | 97 | 793 | ||||
| 37,130 | 40,313 | |||||
| EXPENDITURE | ||||||
| IMCoS journal | 27,045 | 26,639 | ||||
| Gifts, awards & presentations | 496 | 641 | ||||
| Advertising & promotion | 334 | 205 | ||||
| Map & Society lectures | 400 | 400 | ||||
| AGM & committee meetings | 949 | 690 | ||||
| Committee expenses | 392 | 111 | ||||
| Printing & stationery | 75 | 658 | ||||
| Post & telecommunications | 267 | 469 | ||||
| General insurance | 989 | 1,191 | ||||
| Membership administration | 1,177 | 1,122 | ||||
| Financial administration | 621 | 936 | ||||
| Computer & website (Note 3) | 3,554 | 721 | ||||
| Bad debt | 0 | 1,000 | ||||
| Bank & credit card charges | 1,854 | 1,924 | ||||
| Income Tax charge (2013) | 0 | 358 | ||||
| 38,153 | 37,065 | |||||
| DEFICIT OF ORDINARY INCOME | ||||||
| FOR THE YEAR (2014 surplus) | -1,023 | 3,248 | ||||
| . | ||||||
| BALANCE SHEET | ||||||
| Year ended 31 December 2015 | ||||||
| 2015 | 2014 | |||||
| £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||
| IMCoS library (less sales) | 750 | 1,000 | ||||
| CURRENT ASSETS | ||||||
| Bank balances (Note 1) | 78,329 | 76,699 | ||||
| Prepayments (Note 3) | 1,640 | 1,455 | ||||
| Preliminary expenses for Durham visit | 542 | 0 | ||||
| Accounts receivable | 135 | 795 | ||||
| 80,646 | 78,949 | |||||
| CURRENT LIABILITIES | ||||||
| Prepaid membership subscriptions | ||||||
| 2015 | 0 | 12,819 | ||||
| 2016 | 12,167 | 5,036 | ||||
| 2017 | 5,664 | 1,215 | ||||
| 2018 | 2,339 | 0 | ||||
| 20,170 | 19,070 | |||||
| Accruals | ||||||
| Advance receipts for Durham visit | 1,370 | 0 | ||||
| 21,540 | 19,070 | |||||
| NET CURRENT ASSETS | 59,106 | 59,879 | ||||
| 59,856 | 60,879 | |||||
| MEMBERS’ FUNDS | ||||||
| Balance brought forward | 60,879 | 57,631 | ||||
| Deficit for year (2014 Surplus) | -1,023 | 3,248 | ||||
| 59,856 | 60,879 | |||||
| Jeremy Edwards | Hans Kok | |||||
| Honorary Treasurer | Chairman | |||||
| . | ||||||
| NOTES TO THE ACCOUNTS | ||||||
| Year ended 31 December 2015 | ||||||
| 2015 | 2014 | |||||
| 1. BANK BALANCES | £ | £ | ||||
| National Westminster Bank | ||||||
| Current a/c | 8,845 | 6,312 | ||||
| Bonus saver | 14,401 | 70,387 | ||||
| Term deposits | 55,083 | 0 | ||||
| 78,329 | 76,699 | |||||
| . | ||||||
| 2. MEMBERS’ EVENTS | Income | Expenditure | Surplus | 2014 | ||
| (Deficit) | Net | |||||
| £ | £ | £ | £ | |||
| Annual Dinner | 2,000 | 1,637 | 363 | 272 | ||
| Perth visit | 1,686 | 1,890 | -204 | – | ||
| Norwich visit (2014) | – | – | – | -60 | ||
| London Collectors meeting | 360 | 261 | 99 | – | ||
| 4,046 | 3,788 | 258 | 212 | |||
| . | ||||||
| 3. COMPUTER & WEBSITE | ||||||
| Due to a misunderstanding of the terms of the software maintenance contract with suppliers in the Netherlands, no charges were made in the Society’s accounts for 2014. A deposit of £1,455 had been paid in 2013 to cover future expenses, but the Society had not received covering invoices to show chargeable services. This sum has been included with the charge for 2015. | ||||||
