International Map Collectors' Society

IMCoS Accounts to December 31st 2016

INCOME & EXPENDITURE ACCOUNT
Year ended 31 December 2016
      2016      2015
INCOME££££
Membership subscriptions19,07219,620
Journal advertising16,23115,057
Map fair contributions650716
Donation (Note 3)1000
Website advertising972960
Members’ events (Note 4)916258
Book sales (net)304422
Bank interest     136     97
38,38137,130
EXPENDITURE
IMCoS journal27,56127,045
Gifts, awards & presentations662496
Advertising & promotion595334
Map & Society lectures400400
AGM & committee meetings346949
Committee expenses352392
Printing & stationery12275
Post & telecommunications312267
General insurance1,023989
Membership administration6161,177
Financial administration368621
Computer & website (Note 5)4,0033,554
Bank & credit card charges  1,630  1,854
37,99038,153
SURPLUS OF ORDINARY INCOME
FOR THE YEAR (2015 deficit)391-1,023
 .
BALANCE SHEET
Year ended 31 December 2016
      2016      2015
££££
FIXED ASSETS
IMCoS library (less sales)500750
Website, subject to Amortisation (Note 1)8,2370
.
CURRENT ASSETS
Bank balances (Note 2)69,29078,329
Prepayments1981,640
Expenses for UK local events110542
Accounts receivable     274     135
69,87280,646
CURRENT LIABILITIES
Prepaid membership subscriptions
2016012,167
201710,6065,664
20185,1792,339
20197430
Totals16,52820,170
.
Accruals9340
Advance receipts for UK local events (Note 3)   900  1,370
18,36221,540
.
NET CURRENT ASSETS51,51059,106
.
NET TOTAL ASSETS60,24759,856
.
MEMBERS’ FUNDS
Balance brought forward59,85660,879
Surplus for the year (2015 Deficit)391-1,023
60,24759,856
.
Jeremy EdwardsHans Kok
Honorary TreasurerChairman
.
.
NOTES TO THE ACCOUNTS
Year ended 31 December 2016
.
1. WEBSITE20162015
££
Cost of new website9,8850
Less Amortisation (6 months)1,647  0
Carried forward8,237  0
.
The new website became operational on 1st July 2016.
This will be amortised over three years to 30th June 2019.
.
2. BANK BALANCES20162015
National Westminster Bank££
Current a/c4,6708,845
Bonus saver9,40614,401
Term deposits55,21455,083
69,29078,329
.
3. UK LOCAL EVENTS
A donation of £1,000 has been received to assist in arranging visits to places of interest. The amount used in 2016 was £100. (2015: Amount received in advance in respect of Durham visit £1,370.)
.
4. MEMBERS’ EVENTSIncomeExpenditureSurplus2015
 2016 2016(Deficit)Net
££££
Annual Dinner2,3001,924376363
Perth visit (2015)000-204
Durham visit (2016)2,7052,097608–
London Collectors meeting3202883299
British Library Exhibition      0  100–100   –
5,3254,409916258
 .
5. WEBSITE RUNNING COSTS20162015
££
Costs of old system1,6401,665
Late costs of 201401,445
Service costs of old system296444
Service & training new system4200
Amortisation1,647      0
Totals4,0033,554
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