International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | ||||||
| Year ended 31 December 2025 | ||||||
| 2025 | 2024 | |||||
| INCOME | £ | £ | £ | £ | ||
| Membership subscriptions | 19,747.75 | 19,961.21 | ||||
| Journal advertising | 16,338.50 | 12,565.00 | ||||
| Website advertising | 1,357.00 | 945.25 | ||||
| Donations | 136.88 | 390.00 | ||||
| Old journals & books sold | 422.60 | 264.00 | ||||
| Interest | 1,733.90 | 2,314.35 | ||||
| ——– | 39,736.63 | ——– | 36,439.81 | |||
| June Reception Income | ||||||
| June Reception Costs | -282.00 | |||||
| June Reception Net | -282.00 | 0.00 | ||||
| Visits Income | 130.00 | |||||
| Visits Costs | -201.00 | |||||
| Visits Net | 130.00 | -201.00 | ||||
| PayPal fees | -580.77 | -467.50 | ||||
| Stripe fees | -149.22 | -100.19 | ||||
| Bank fees | -26.66 | -25.34 | ||||
| ——– | -756.65 | ——– | -593.03 | |||
| NET INCOME | 38,827.98 | 35,645.78 | ||||
| EXPENDITURE | ||||||
| IMCoS journal – March | 9,146.32 | 8,924.67 | ||||
| IMCoS journal – June | 8,781.28 | 8,686.67 | ||||
| IMCoS journal – September | 8,535.98 | 8,530.08 | ||||
| IMCoS journal – December | 8,562.68 | 8,734.45 | ||||
| ——– | 35,026.26 | ——– | 34,875.87 | |||
| SEA ATLAS NET INCOME | ||||||
| Sold September 2025 | 16,000.00 | |||||
| Restoration costs | -500.00 | |||||
| Sales costs | -153.25 | |||||
| ——– | 15,346.75 | |||||
| OTHER EXPENSES | ||||||
| Website | 858.00 | 1,074.00 | ||||
| Committee meetings | 275.06 | 427.28 | ||||
| Insurance | 420.38 | 412.09 | ||||
| Map & Society Lectures | 300.00 | 200.00 | ||||
| International costs | 995.90 | |||||
| Marketing | 15.00 | |||||
| Show and Tell | 16.00 | |||||
| Printing | 22.50 | |||||
| Gifts & Awards | 44.49 | 48.75 | ||||
| Membership leaflets | 58.00 | |||||
| Membership postage | 67.58 | 251.15 | ||||
| Membership admin | 2,169.11 | 1,257.00 | ||||
| Financial admin | 180.00 | 234.00 | ||||
| ——– | 5,391.02 | ——– | 3,935.27 | |||
| SURPLUS / <DEFICIT> FOR THE YEAR | £ 13,757.45 | £ <3,165.36> | ||||
| ===== | ===== | |||||
| . | ||||||
| BALANCE SHEET | ||||||
| As at 24 December 2025 | ||||||
| 2025 | ||||||
| £ | £ | |||||
| FIXED ASSETS | ||||||
| Library | 500.00 | |||||
| Website | 1.00 | |||||
| Total fixed assets | 501.00 | |||||
| CURRENT ASSETS | ||||||
| Unpaid invoices | 2,400.00 | |||||
| Prepayments | 198.00 | |||||
| Total debtors | 2,598.00 | |||||
| Current account | 29,191.06 | |||||
| Business reserve | 1,318.52 | |||||
| Notice account | 72,162.06 | |||||
| Cash at bank | 102,671.64 | |||||
| ——– | ||||||
| CURRENT LIABILITIES | ||||||
| Subscriptions 2026 | 12,957.00 | |||||
| Subscriptions 2027 | 6,112.00 | |||||
| Subscriptions 2028 | 1,956.50 | |||||
| Total future subscriptions | 21,025.50 | |||||
| Accruals | 4,313.49 | |||||
| UK Events fund | 900.00 | |||||
| Total liabilities | 26,238.99 | |||||
| ——– | ||||||
| NET CURRENT ASSETS | 79,030.65 | |||||
| ——– | ||||||
| TOTAL NET ASSETS | £ 79,531.65 | |||||
| ===== | ||||||
| CAPITAL & RESERVES | ||||||
| Balance brought forward | 65,774.13 | |||||
| Surplus for the year | 13,757.52 | |||||
| ——– | ||||||
| TOTAL CARRIED FORWARD | £ 79,531.65 | |||||
| ===== | ||||||
| . | ||||||
| NOTES TO THE ACCOUNTS | ||||||
| Year ended 31st December 2025 | ||||||
| 2025 | 2024 | |||||
| 1. WEBSITE | £ | £ | ||||
| Cost of new website | 9,885.00 | 9,885.00 | ||||
| Less amortisation | 9,884.00 | 9,884.00 | ||||
| Carried forward | 1.00 | 1.00 | ||||
| . | ||||||
| The new website became operational on 1st July 2016. | ||||||
| This was amortised over three years to 30th June 2019. | ||||||
| . | ||||||
| 2. BANK BALANCES | ||||||
| National Westminster Bank | £ | £ | ||||
| Current a/c | 29,191.06 | 17,839.35 | ||||
| Bonus Saver | 1,318.52 | 1,303.97 | ||||
| Term deposits | 72,162.06 | 70,442.71 | ||||
| 102,671.64 | 89,586.03 | |||||
| . | ||||||
| 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 2025. (2024 nil) | ||||||
| Carry forward | 900.00 | 900.00 | ||||
| . | ||||||
| 4. MEMBER EVENTS | Income | Expenditure | Surplus / (Deficit) | |||
| £ | £ | £ | ||||
| 2025 visit to RGS | 130.00 | 0.00 | 150.00 | |||
| . | ||||||
| 5. INTERNATIONAL EVENTS | 2025 £ | 2024 £ | ||||
| Journal editor costs regarding Symposium in Portland | 995.90 | |||||
| H Wallis award cost in Malta | 201.00 | |||||
| . | ||||||
| 6. WEBSITE RUNNING COSTS | 2025 £ | 2024 £ | ||||
| Service & upgrading system | 858.00 | 1,074.00 | ||||
| Amortisation | 0.00 | 0.00 | ||||
| 858.00 | 1,074.00 | |||||
| . | ||||||
| 7. CONTINGENT LIABILITIES | ||||||
| There are at present no contingent liabilities. | ||||||
| . | ||||||
| 8. SEA ATLAS | ||||||
| A copy of a Sea Atlas covering West Africa published in 1780, was gifted to IMCOS in 2001 and was in need of restoration. | ||||||
| This has now been completed and the volume has been sold giving rise to the net receipt of £15,347. | ||||||
