International Map Collectors' Society
2014 0 12,353
| INCOME & EXPENDITURE ACCOUNT | ||||||
| Year ended 31 December 2014 | ||||||
| 2014 | 2013 | |||||
| INCOME | £ | £ | £ | £ | ||
| Membership subscriptions | 20,128 | 20,075 | ||||
| Journal advertising | 17,440 | 18,053 | ||||
| Map fair contributions | 702 | 1,028 | ||||
| Website advertising | 960 | 1,320 | ||||
| Members’ events (Note 2) | 212 | 346 | ||||
| Book sales (net) | 78 | 445 | ||||
| Bank interest | 793 | 2,008 | ||||
| 40,313 | 43,275 | |||||
| EXPENDITURE | ||||||
| IMCoS journal | 26,639 | 26,551 | ||||
| Gifts, awards & presentations | 641 | 362 | ||||
| Advertising & promotion | 205 | 0 | ||||
| Map & Society lectures | 400 | 400 | ||||
| AGM & committee meetings | 690 | 538 | ||||
| Committee expenses | 111 | 280 | ||||
| Printing & stationery | 658 | 461 | ||||
| Post & telecommunications | 469 | 505 | ||||
| General insurance | 1,191 | 1,130 | ||||
| Membership administration | 1,122 | 1,344 | ||||
| Financial administration | 936 | 811 | ||||
| Computer & website | 721 | 710 | ||||
| Bad debt | 1,000 | 0 | ||||
| Bank & credit card charges | 1,924 | 1,856 | ||||
| Income Tax charge (2013) | 358 | 0 | ||||
| 37,065 | 34,948 | |||||
| SURPLUS OF ORDINARY INCOME | ||||||
| FOR THE YEAR | 3,248 | 8,327 | ||||
| BALANCE SHEET | ||||||
| Year ended 31 December 2014 | ||||||
| 2014 | 2013 | |||||
| £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||
| IMCoS library (less sales) | 1,000 | 1,200 | ||||
| CURRENT ASSETS | ||||||
| Bank balances (Note 1) | 76,699 | 74,278 | ||||
| Prepayments | 1,455 | 1,455 | ||||
| Income tax recoverable | 0 | 358 | ||||
| Accounts receivable | 795 | 255 | ||||
| 78,949 | 76,346 | |||||
| CURRENT LIABILITIES | ||||||
| Prepaid membership subscriptions | ||||||
| 2015 | 12,819 | 6,081 | ||||
| 2016 | 5,036 | 1,481 | ||||
| 2017 | 1,215 | 0 | ||||
| 19,070 | 19,915 | |||||
| 19,070 | 19,070 | |||||
| NET CURRENT ASSETS | 59,879 | 56,431 | ||||
| 60,879 | 57,631 | |||||
| . | ||||||
| MEMBERS’ FUNDS | ||||||
| Balance brought forward | 57,631 | 57,631 | ||||
| Surplus for year (2014 Surplus) | 3,248 | 3,248 | ||||
| 60,879 | 60,879 | |||||
| . | ||||||
| Jeremy Edwards | Hans Kok | |||||
| Honorary Treasurer | Chairman | |||||
| . | ||||||
| NOTES TO THE ACCOUNTS | ||||||
| Year ended 31 December 2014 | ||||||
| 2014 | 2013 | |||||
| 1. BANK BALANCES | £ | £ | ||||
| National Westminster Bank | ||||||
| Current a/c | 6,312 | 9,327 | ||||
| Bonus saver | 70,387 | 19,951 | ||||
| Term deposits | 0 | 45,000 | ||||
| 76,699 | 74,278 | |||||
| . | ||||||
| 2. MEMBERS’ EVENTS | Income | Expenditure | Surplus | 2013 | ||
| (Deficit) | Net | |||||
| £ | £ | £ | £ | |||
| Annual Dinner | 1,600 | 1,327 | 272 | 476 | ||
| Norwich visit | 468 | 528 | -60 | – | ||
| London Collectors meeting | – | – | – | 130 | ||
| 2,068 | 1,855 | 212 | 346 | |||
| . | ||||||
