International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | ||||||
| Year ended 31 December 2016 | ||||||
| 2016 | 2015 | |||||
| INCOME | £ | £ | £ | £ | ||
| Membership subscriptions | 19,072 | 19,620 | ||||
| Journal advertising | 16,231 | 15,057 | ||||
| Map fair contributions | 650 | 716 | ||||
| Donation (Note 3) | 100 | 0 | ||||
| Website advertising | 972 | 960 | ||||
| Members’ events (Note 4) | 916 | 258 | ||||
| Book sales (net) | 304 | 422 | ||||
| Bank interest | 136 | 97 | ||||
| 38,381 | 37,130 | |||||
| EXPENDITURE | ||||||
| IMCoS journal | 27,561 | 27,045 | ||||
| Gifts, awards & presentations | 662 | 496 | ||||
| Advertising & promotion | 595 | 334 | ||||
| Map & Society lectures | 400 | 400 | ||||
| AGM & committee meetings | 346 | 949 | ||||
| Committee expenses | 352 | 392 | ||||
| Printing & stationery | 122 | 75 | ||||
| Post & telecommunications | 312 | 267 | ||||
| General insurance | 1,023 | 989 | ||||
| Membership administration | 616 | 1,177 | ||||
| Financial administration | 368 | 621 | ||||
| Computer & website (Note 5) | 4,003 | 3,554 | ||||
| Bank & credit card charges | 1,630 | 1,854 | ||||
| 37,990 | 38,153 | |||||
| SURPLUS OF ORDINARY INCOME | ||||||
| FOR THE YEAR (2015 deficit) | 391 | -1,023 | ||||
| . | ||||||
| BALANCE SHEET | ||||||
| Year ended 31 December 2016 | ||||||
| 2016 | 2015 | |||||
| £ | £ | £ | £ | |||
| FIXED ASSETS | ||||||
| IMCoS library (less sales) | 500 | 750 | ||||
| Website, subject to Amortisation (Note 1) | 8,237 | 0 | ||||
| . | ||||||
| CURRENT ASSETS | ||||||
| Bank balances (Note 2) | 69,290 | 78,329 | ||||
| Prepayments | 198 | 1,640 | ||||
| Expenses for UK local events | 110 | 542 | ||||
| Accounts receivable | 274 | 135 | ||||
| 69,872 | 80,646 | |||||
| CURRENT LIABILITIES | ||||||
| Prepaid membership subscriptions | ||||||
| 2016 | 0 | 12,167 | ||||
| 2017 | 10,606 | 5,664 | ||||
| 2018 | 5,179 | 2,339 | ||||
| 2019 | 743 | 0 | ||||
| Totals | 16,528 | 20,170 | ||||
| . | ||||||
| Accruals | 934 | 0 | ||||
| Advance receipts for UK local events (Note 3) | 900 | 1,370 | ||||
| 18,362 | 21,540 | |||||
| . | ||||||
| NET CURRENT ASSETS | 51,510 | 59,106 | ||||
| . | ||||||
| NET TOTAL ASSETS | 60,247 | 59,856 | ||||
| . | ||||||
| MEMBERS’ FUNDS | ||||||
| Balance brought forward | 59,856 | 60,879 | ||||
| Surplus for the year (2015 Deficit) | 391 | -1,023 | ||||
| 60,247 | 59,856 | |||||
| . | ||||||
| Jeremy Edwards | Hans Kok | |||||
| Honorary Treasurer | Chairman | |||||
| . | ||||||
| . | ||||||
| NOTES TO THE ACCOUNTS | ||||||
| Year ended 31 December 2016 | ||||||
| . | ||||||
| 1. WEBSITE | 2016 | 2015 | ||||
| £ | £ | |||||
| Cost of new website | 9,885 | 0 | ||||
| Less Amortisation (6 months) | 1,647 | 0 | ||||
| Carried forward | 8,237 | 0 | ||||
| . | ||||||
| The new website became operational on 1st July 2016. | ||||||
| This will be amortised over three years to 30th June 2019. | ||||||
| . | ||||||
| 2. BANK BALANCES | 2016 | 2015 | ||||
| National Westminster Bank | £ | £ | ||||
| Current a/c | 4,670 | 8,845 | ||||
| Bonus saver | 9,406 | 14,401 | ||||
| Term deposits | 55,214 | 55,083 | ||||
| 69,290 | 78,329 | |||||
| . | ||||||
| 3. UK LOCAL EVENTS | ||||||
| A donation of £1,000 has been received to assist in arranging visits to places of interest. The amount used in 2016 was £100. (2015: Amount received in advance in respect of Durham visit £1,370.) | ||||||
| . | ||||||
| 4. MEMBERS’ EVENTS | Income | Expenditure | Surplus | 2015 | ||
| 2016 | 2016 | (Deficit) | Net | |||
| £ | £ | £ | £ | |||
| Annual Dinner | 2,300 | 1,924 | 376 | 363 | ||
| Perth visit (2015) | 0 | 0 | 0 | -204 | ||
| Durham visit (2016) | 2,705 | 2,097 | 608 | – | ||
| London Collectors meeting | 320 | 288 | 32 | 99 | ||
| British Library Exhibition | 0 | 100 | –100 | – | ||
| 5,325 | 4,409 | 916 | 258 | |||
| . | ||||||
| 5. WEBSITE RUNNING COSTS | 2016 | 2015 | ||||
| £ | £ | |||||
| Costs of old system | 1,640 | 1,665 | ||||
| Late costs of 2014 | 0 | 1,445 | ||||
| Service costs of old system | 296 | 444 | ||||
| Service & training new system | 420 | 0 | ||||
| Amortisation | 1,647 | 0 | ||||
| Totals | 4,003 | 3,554 | ||||
