International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | |||||||
| Year ended 31 December 2018 | |||||||
| 2018 | 2017 | ||||||
| INCOME | £ | £ | £ | £ | |||
| Membership subscriptions | 19,527 | 19,022 | |||||
| Journal advertising | 19,350 | 17,030 | |||||
| Map fair contributions | 300 | 500 | |||||
| Website advertising | 693 | 945 | |||||
| Members’ events (Note 4) | 507 | 436 | |||||
| Royalty received | 0 | 816 | |||||
| Book sales (net) | 772 | 572 | |||||
| Bank interest | 229 | 76 | |||||
| ——– | 41,378 | ——– | 39,398 | ||||
| EXPENDITURE | |||||||
| IMCoS journal | 28,278 | 27,333 | |||||
| Gifts, awards & presentations | 503 | 3682 | |||||
| Advertising & promotion | 1,601 | 0 | |||||
| Map & Society lectures | 400 | 400 | |||||
| Library maintenance | 175 | 371 | |||||
| AGM & committee meetings | 422 | 211 | |||||
| Committee expenses | 258 | 114 | |||||
| Printing & stationery | 320 | 249 | |||||
| Archiving costs | 199 | 0 | |||||
| Post & telecommunications | 394 | 352 | |||||
| General insurance | 548 | 533 | |||||
| Membership administration | 688 | 704 | |||||
| Financial administration | 256 | 176 | |||||
| Computer & website (Note 5) | 5,604 | 4,402 | |||||
| Bank & credit card charges | 1,660 | 1,630 | |||||
| ——– | 41,306 | ——– | 36,843 | ||||
| SURPLUS OF ORDINARY INCOME | ——— | ——— | |||||
| FOR THE YEAR | £ 72 | £ 2,555 | |||||
| ===== | ===== | ||||||
| . | |||||||
| BALANCE SHEET | |||||||
| Year ended 31 December 2018 | |||||||
| 2018 | 2017 | ||||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| IMCoS library (less sales) | 500 | 500 | |||||
| Website, subject to amortisation (Note 1) | 1,647 | 4,943 | |||||
| CURRENT ASSETS | |||||||
| Bank balances (Note 2) | 81,446 | 79,828 | |||||
| Prepayments | 273 | 198 | |||||
| Accounts receivable | 2,372 | 0 | |||||
| ——– | 84,091 | ——– | 80,026 | ||||
| CURRENT LIABILITIES | |||||||
| Prepaid membership subscriptions | |||||||
| 2018 | 0 | 11,477 | |||||
| 2019 | 11,688 | 4,950 | |||||
| 2020 | 5,282 | 1,209 | |||||
| 2021 | 1,333 | 0 | |||||
| Totals | 18,303 | 17,636 | |||||
| Creditors | 4,160 | 4,130 | |||||
| Advance receipts for UK events | 900 | 900 | |||||
| ——– | 23,363 | ——– | 22,666 | ||||
| ——– | ——– | ||||||
| NET CURRENT ASSETS | 60,728 | 57,360 | |||||
| ——– | ——– | ||||||
| NET ASSETS | £ 62,875 | £ 62,803 | |||||
| ===== | ===== | ||||||
| MEMBERS’ FUNDS | |||||||
| Balance brought forward | 62,803 | 60,248 | |||||
| Surplus for year | 72 | 2,555 | |||||
| ——– | ——– | ||||||
| TOTAL FUNDS | £ 62,875 | £ 62,803 | |||||
| ===== | ===== | ||||||
| Jeremy Edwards | Hans Kok | ||||||
| Honorary Treasurer | Chairman | ||||||
| . | |||||||
| NOTES TO THE ACCOUNTS | |||||||
| Year ended 31 December 2018 | |||||||
| 2018 | 2017 | ||||||
| 1. WEBSITE | £ | £ | |||||
| Cost of new website | 9,885 | 9,885 | |||||
| Less Amortisation | 8,237 | 4,942 | |||||
| Carried forward | 1,647 | 4,943 | |||||
| . | |||||||
| The new website became operational on 1st July 2016. | |||||||
| This will be amortised over three years to 30th June 2019. | |||||||
| . | |||||||
| 2. BANK BALANCES | |||||||
| National Westminster Bank | £ | £ | |||||
| Current a/c | 11,521 | 20,132 | |||||
| Bonus saver | 24,426 | 14,408 | |||||
| Term deposits | 45,499 | 45,288 | |||||
| 81,446 | 79,828 | ||||||
| . | |||||||
| 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 2018. | |||||||
| . | |||||||
| 4. MEMBERS EVENTS | Income | Expenditure | Surplus | 2017 | |||
| (Deficit) | Net | ||||||
| £ | £ | £ | £ | ||||
| Annual Dinner | 2,250 | 1,918 | 332 | 215 | |||
| Cambridge visit (2018) | 910 | 735 | 175 | – | |||
| Manchester visit (2017) | – | – | 0 | 222 | |||
| 3,160 | 2,653 | 507 | 437 | ||||
| . | |||||||
| 5. WEBSITE RUNNING COSTS | 2018 | 2017 | |||||
| £ | £ | ||||||
| Service & upgrading system | 2,309 | 1,107 | |||||
| Amortisation | 3,295 | 3,295 | |||||
| 5,604 | 4,402 | ||||||
