International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | |||||||
| Year ended 31 December 2017 | |||||||
| 2017 | 2016 | ||||||
| INCOME | £ | £ | £ | £ | |||
| Membership subscriptions | 19,022 | 19,072 | |||||
| Journal advertising | 17,030 | 16,231 | |||||
| Map fair contributions | 500 | 650 | |||||
| Website advertising | 945 | 972 | |||||
| Members’ events (Note 2) | 437 | 916 | |||||
| Royalty received | 816 | 0 | |||||
| Book sales (net) | 572 | 304 | |||||
| Bank interest | 76 | 136 | |||||
| ——– | 39,398 | ——– | 38,381 | ||||
| EXPENDITURE | |||||||
| IMCoS journal | 27,333 | 27,561 | |||||
| Gifts, awards & presentations | 368 | 662 | |||||
| Advertising & promotion | 0 | 595 | |||||
| Map & Society lectures | 400 | 400 | |||||
| Library maintenance | 371 | 0 | |||||
| AGM & committee meetings | 211 | 346 | |||||
| Committee expenses | 114 | 352 | |||||
| Printing & stationery | 249 | 122 | |||||
| Post & telecommunications | 352 | 312 | |||||
| General insurance | 533 | 1,023 | |||||
| Membership administration | 704 | 616 | |||||
| Financial administration | 176 | 368 | |||||
| Computer & website | 4,402 | 4,003 | |||||
| Bank & credit card charges | 1,630 | 1,630 | |||||
| ——– | 36,843 | ——– | 37,990 | ||||
| SURPLUS OF ORDINARY INCOME | ——— | ——— | |||||
| FOR THE YEAR | £ 2,555 | £ 391 | |||||
| ===== | ===== | ||||||
| . | |||||||
| BALANCE SHEET | |||||||
| Year ended 31 December 2017 | |||||||
| 2017 | 2016 | ||||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| IMCoS library (less sales) | 500 | 500 | |||||
| Website, subject to amortisation | 4,943 | 8,237 | |||||
| CURRENT ASSETS | |||||||
| Bank balances (Note 1) | 79,828 | 69,290 | |||||
| Prepayments | 198 | 198 | |||||
| Expenses for UK local events | 0 | 110 | |||||
| Accounts receivable | 0 | 274 | |||||
| ——– | 80,026 | ——– | 69,872 | ||||
| CURRENT LIABILITIES | |||||||
| Prepaid membership subscriptions | |||||||
| 2017 | 0 | 10,606 | |||||
| 2018 | 11,477 | 5,179 | |||||
| 2019 | 4,950 | 743 | |||||
| 2020 | 1,209 | 0 | |||||
| Totals | 17,636 | 16,528 | |||||
| Creditors | 4,130 | 933 | |||||
| Advance receipts for UK events | 900 | 900 | |||||
| ——– | 22,666 | ——– | 18.361 | ||||
| ——– | ——– | ||||||
| NET CURRENT ASSETS | 57,360 | 51,511 | |||||
| ——– | ——– | ||||||
| NET ASSETS | 62,803 | 60,248 | |||||
| ===== | ===== | ||||||
| MEMBERS’ FUNDS | |||||||
| Balance brought forward | 60,248 | 59,857 | |||||
| Surplus for year (2014 Surplus) | 2,555 | 391 | |||||
| ——– | ——– | ||||||
| TOTAL FUNDS | 62,803 | 60,248 | |||||
| ===== | ===== | ||||||
| Jeremy Edwards | Hans Kok | ||||||
| Honorary Treasurer | Chairman | ||||||
| . | |||||||
| NOTES TO THE ACCOUNTS | |||||||
| Year ended 31 December 2017 | |||||||
| 2017 | 2016 | ||||||
| 1. WEBSITE | £ | £ | |||||
| Cost of new website | 9,885 | 9,885 | |||||
| Less Amortisation | 4,942 | 1,647 | |||||
| Carried forward | 4,943 | 8,237 | |||||
| . | |||||||
| 2. BANK BALANCES | |||||||
| National Westminster Bank | £ | £ | |||||
| Current a/c | 20,132 | 4,670 | |||||
| Bonus saver | 14,408 | 9,406 | |||||
| Term deposits | 45,288 | 55,214 | |||||
| 79,828 | 69,240 | ||||||
| . | |||||||
| 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 2017. | |||||||
| The amount used in 2016 was £100. | |||||||
| . | |||||||
| 4. MEMBERS EVENTS | Income | Expenditure | Surplus | 2016 | |||
| (Deficit) | Net | ||||||
| £ | £ | £ | £ | ||||
| Annual Dinner | 2,285 | 2,070 | 215 | 376 | |||
| Manchester visit (2017) | 700 | 478 | 222 | 0 | |||
| Durham visit (2016) | 0 | 608 | |||||
| London Collectors meeting | 240 | 240 | 0 | 32 | |||
| British Library exhibition | – | – | 0 | -100 | |||
| 3,225 | 2,788 | 437 | 916 | ||||
| . | |||||||
| 5. WEBSITE RUNNING COSTS | 2017 | 2016 | |||||
| £ | £ | ||||||
| Costs of old system | 0 | 1,936 | |||||
| Service & upgrading, new system | 1,107 | 420 | |||||
| Amortisation (2016 – 6 months) | 3,295 | 1,647 | |||||
| 4,402 | 4,003 | ||||||
