International Map Collectors' Society
| INCOME & EXPENDITURE ACCOUNT | |||||||
| Year ended 31 December 2022 | |||||||
| 2022 | 2021 | ||||||
| INCOME | £ | £ | £ | £ | |||
| Membership subscriptions | 19,751 | 19,701 | |||||
| Journal advertising | 14,714 | 16,354 | |||||
| Website advertising | 1,116 | 1,302 | |||||
| Advertiser mailshot fee | 250 | 0 | |||||
| Map fair contributions | 800 | 0 | |||||
| Book & Journal sales | 650 | 622 | |||||
| Members’ events (net) (Note 4) | -973 | -117 | |||||
| Royalty received | 0 | 29 | |||||
| Bank interest | 336 | 79 | |||||
| ——– | 36,644 | ——– | 37,970 | ||||
| EXPENDITURE | |||||||
| IMCoS journal | 32,790 | 31,126 | |||||
| Map and Society Lectures | 200 | 0 | |||||
| AGM & committee meetings | 528 | 499 | |||||
| International events | 1,028 | 388 | |||||
| Postage | 304 | 293 | |||||
| General insurance | 369 | 552 | |||||
| Gifts and Awards | 125 | 0 | |||||
| Membership leaflets | 187 | 0 | |||||
| Membership administration | 744 | 792 | |||||
| Financial administration | 176 | 192 | |||||
| Computer & website (Note 5) | 972 | 1,288 | |||||
| Bank & credit card charges | 775 | 727 | |||||
| ——– | 38,198 | ——– | 35,857 | ||||
| SURPLUS/<DEFICIT> OF ORDINARY | ——— | ——— | |||||
| INCOME FOR THE YEAR | £ -1,554 | £ 2,113 | |||||
| ===== | ===== | ||||||
| . | |||||||
| BALANCE SHEET | |||||||
| Year ended 31 December 2022 | |||||||
| 2022 | 2021 | ||||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| IMCoS library (less sales) | 500 | 500 | |||||
| Website, subject to amortisation (Note 1) | 1 | 1 | |||||
| 501 | 501 | ||||||
| CURRENT ASSETS | |||||||
| Bank balances (Note 2) | 94,549 | 94,549 | |||||
| Prepayments | 398 | 398 | |||||
| Accounts receivable | 0 | 0 | |||||
| ——– | 94,947 | ——– | 94,947 | ||||
| CURRENT LIABILITIES | |||||||
| Prepaid membership subscriptions | |||||||
| 2021 | 0 | 0 | |||||
| 2022 | 12,857 | 12,857 | |||||
| 2023 | 6,158 | 6,158 | |||||
| 2024/25 | 2,055 | 2,055 | |||||
| Totals | 21,070 | 21,070 | |||||
| Creditors | 4,032 | 4,032 | |||||
| Advance receipts for UK events | 900 | 900 | |||||
| ——– | 26,002 | ——– | 26,002 | ||||
| ——– | ——– | ||||||
| NET CURRENT ASSETS | 68,945 | 68,945 | |||||
| ——– | ——– | ||||||
| NET ASSETS | £ 69,446 | £ 69,446 | |||||
| ===== | ===== | ||||||
| MEMBERS’ FUNDS | |||||||
| Balance brought forward | 67,333 | 67,333 | |||||
| Surplus for year | 2,113 | 2,113 | |||||
| ——– | ——– | ||||||
| TOTAL FUNDS | £ 69,446 | £ 69,446 | |||||
| ===== | ===== | ||||||
| Cinzia Viviani | Mike Sweeting | ||||||
| Honorary Treasurer | Chairman | ||||||
| . | |||||||
| . NOTES TO THE ACCOUNTS | |||||||
| Year ended 31 December 2022 | |||||||
| 2022 | 2021 | ||||||
| 1. WEBSITE | £ | £ | |||||
| Cost of new website | 9,885 | 9,885 | |||||
| Less Amortisation | 9,884 | 9,884 | |||||
| Carried forward | 1 | 1 | |||||
| . | |||||||
| 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 | 13,563 | 15,165 | |||||
| Bonus saver | 8,101 | 8,083 | |||||
| Term deposits | 71,619 | 71,301 | |||||
| 93,283 | 94,549 | ||||||
| . | |||||||
| 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 2022 (2021 nil). | |||||||
| Carry forward | 900 | 900 | |||||
| . | |||||||
| 4. MEMBERS EVENTS | Income | Expenditure | Surplus | 20201 | |||
| (Deficit) | Net | ||||||
| £ | £ | £ | £ | ||||
| Annual Dinner | 983 | 2,095 | -1,112 | -117 | |||
| Hereford visit | 765 | 626 | 139 | 0 | |||
| 1,748 | 2,721 | -973 | -117 | ||||
| . | |||||||
| 5. WEBSITE RUNNING COSTS | 2022 | 2021 | |||||
| £ | £ | ||||||
| Service & upgrading system | 972 | 1,288 | |||||
| Amortisation | 0 | 0 | |||||
| 972 | 1,288 | ||||||
| 6. CONTINGENT LIABILITIES | |||||||
| There are at present no contingent liabilities (2021: £nil). | |||||||
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