International Map Collectors' Society

IMCoS Accounts to December 31st 2017

INCOME & EXPENDITURE ACCOUNT
Year ended 31 December 2017
20172016
INCOME££££
Membership subscriptions19,02219,072
Journal advertising17,03016,231
Map fair contributions500650
Website advertising945972
Members’ events (Note 2)437916
Royalty received8160
Book sales (net)572304
Bank interest76136
 ——–39,398 ——–38,381
EXPENDITURE
IMCoS journal27,33327,561
Gifts, awards & presentations368662
Advertising & promotion0595
Map & Society lectures400400
Library maintenance3710
AGM & committee meetings211346
Committee expenses114352
Printing & stationery249122
Post & telecommunications352312
General insurance5331,023
Membership administration704616
Financial administration176368
Computer & website4,4024,003
Bank & credit card charges1,6301,630
 ——–36,843 ——–37,990
SURPLUS OF ORDINARY INCOME ——— ———
FOR THE YEAR£ 2,555£ 391
===== =====
.
BALANCE SHEET
Year ended 31 December 2017
20172016
££££
FIXED ASSETS
IMCoS library (less sales)500500
Website, subject to amortisation4,9438,237
CURRENT ASSETS
Bank balances (Note 1)79,82869,290
Prepayments198198
Expenses for UK local events0110
Accounts receivable0274
 ——–80,026 ——–69,872
CURRENT LIABILITIES
Prepaid membership subscriptions
2017010,606
201811,4775,179
20194,950743
20201,2090
Totals17,63616,528
Creditors4,130933
Advance receipts for UK events900900
 ——–22,666 ——–18.361
 ——– ——–
NET CURRENT ASSETS57,36051,511
 ——– ——–
NET ASSETS62,80360,248
 ===== =====
MEMBERS’ FUNDS
Balance brought forward60,24859,857
Surplus for year (2014 Surplus)2,555391
  ——–  ——–
 TOTAL FUNDS62,80360,248
 ===== =====
Jeremy EdwardsHans Kok
Honorary TreasurerChairman
.
NOTES TO THE ACCOUNTS
Year ended 31 December 2017
20172016
1. WEBSITE££
Cost of new website9,8859,885
Less Amortisation4,9421,647
Carried forward4,9438,237
.
2. BANK BALANCES
National Westminster Bank ££
Current a/c20,1324,670
Bonus saver14,4089,406
Term deposits45,28855,214
79,82869,240
.
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 2017.
The amount used in 2016 was £100.
.
4. MEMBERS EVENTS IncomeExpenditureSurplus2016
(Deficit)Net
££££
Annual Dinner2,2852,070215376
Manchester visit (2017) 7004782220
Durham visit (2016)0608
London Collectors meeting240240032
British Library exhibition––0-100
3,2252,788437916
.
5. WEBSITE RUNNING COSTS20172016
£ £
Costs of old system0 1,936
Service & upgrading, new system1,107 420
Amortisation (2016 – 6 months) 3,2951,647
4,402 4,003
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