International Map Collectors' Society

IMCoS Accounts to December 31st 2015

INCOME & EXPENDITURE ACCOUNT
Year ended 31 December 2015
20152014
INCOME££££
Membership subscriptions19,62020,128
Journal advertising15,05717,440
Map fair contributions716702
Website advertising960960
Members’ events (Note 2)258212
Book sales (net)42278
Bank interest97793
37,13040,313
EXPENDITURE
IMCoS journal27,04526,639
Gifts, awards & presentations496641
Advertising & promotion334205
Map & Society lectures400400
AGM & committee meetings949690
Committee expenses392111
Printing & stationery75658
Post & telecommunications267469
General insurance9891,191
Membership administration1,1771,122
Financial administration621936
Computer & website (Note 3)3,554721
Bad debt01,000
Bank & credit card charges1,8541,924
Income Tax charge (2013)0358
38,15337,065
DEFICIT OF ORDINARY INCOME
FOR THE YEAR (2014 surplus)-1,0233,248
 .
BALANCE SHEET
Year ended 31 December 2015
20152014
££££
FIXED ASSETS
IMCoS library (less sales)7501,000
CURRENT ASSETS
Bank balances (Note 1)78,32976,699
Prepayments (Note 3)1,6401,455
Preliminary expenses for Durham visit5420
Accounts receivable135795
80,64678,949
CURRENT LIABILITIES
Prepaid membership subscriptions
2015012,819
201612,1675,036
20175,6641,215
20182,3390
20,17019,070
Accruals
Advance receipts for Durham visit1,3700
21,54019,070
NET CURRENT ASSETS59,10659,879
59,85660,879
MEMBERS’ FUNDS
Balance brought forward60,87957,631
Deficit for year (2014 Surplus)-1,0233,248
59,85660,879
Jeremy EdwardsHans Kok
Honorary TreasurerChairman
.
NOTES TO THE ACCOUNTS
Year ended 31 December 2015
20152014
1. BANK BALANCES££
National Westminster Bank
Current a/c8,8456,312
Bonus saver14,40170,387
Term deposits55,0830
78,32976,699
.
2. MEMBERS’ EVENTSIncomeExpenditureSurplus2014
(Deficit)Net
££££
Annual Dinner2,0001,637363272
Perth visit1,6861,890-204–
Norwich visit (2014)–––-60
London Collectors meeting36026199–
4,0463,788258212
 .
3. COMPUTER & WEBSITE
Due to a misunderstanding of the terms of the software maintenance contract with suppliers in the Netherlands, no charges were made in the Society’s accounts for 2014. A deposit of £1,455 had been paid in 2013 to cover future expenses, but the Society had not received covering invoices to show chargeable services. This sum has been included with the charge for 2015.
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