International Map Collectors' Society

IMCoS Accounts to December 31st 2018

INCOME & EXPENDITURE ACCOUNT
Year ended 31 December 2018
20182017
INCOME££££
Membership subscriptions19,52719,022
Journal advertising19,35017,030
Map fair contributions300500
Website advertising693945
Members’ events (Note 4)507436
Royalty received0816
Book sales (net)772572
Bank interest22976
 ——–41,378 ——–39,398
EXPENDITURE
IMCoS journal28,27827,333
Gifts, awards & presentations5033682
Advertising & promotion1,6010
Map & Society lectures400400
Library maintenance175371
AGM & committee meetings422211
Committee expenses258114
Printing & stationery320249
Archiving costs1990
Post & telecommunications394352
General insurance548533
Membership administration688704
Financial administration256176
Computer & website (Note 5)5,6044,402
Bank & credit card charges1,6601,630
 ——–41,306 ——–36,843
SURPLUS OF ORDINARY INCOME ——— ———
FOR THE YEAR£   72£ 2,555
===== =====
.
BALANCE SHEET
Year ended 31 December 2018
20182017
££££
FIXED ASSETS
IMCoS library (less sales)500500
Website, subject to amortisation (Note 1)1,6474,943
CURRENT ASSETS
Bank balances (Note 2)81,44679,828
Prepayments273198
Accounts receivable2,3720
 ——–84,091 ——–80,026
CURRENT LIABILITIES
Prepaid membership subscriptions
2018011,477
201911,6884,950
20205,2821,209
20211,3330
Totals18,30317,636
Creditors4,1604,130
Advance receipts for UK events900900
 ——–23,363 ——–22,666
 ——– ——–
NET CURRENT ASSETS60,72857,360
 ——– ——–
NET ASSETS£ 62,875£ 62,803
 ===== =====
MEMBERS’ FUNDS
Balance brought forward62,80360,248
Surplus for year722,555
  ——–  ——–
 TOTAL FUNDS£ 62,875£ 62,803
 ===== =====
Jeremy EdwardsHans Kok
Honorary TreasurerChairman
.
NOTES TO THE ACCOUNTS
Year ended 31 December 2018
20182017
1. WEBSITE££
Cost of new website9,8859,885
Less Amortisation8,2374,942
Carried forward1,6474,943
.
The new website became operational on 1st July 2016.
This will be amortised over three years to 30th June 2019.
.
2. BANK BALANCES
National Westminster Bank ££
Current a/c11,52120,132
Bonus saver24,42614,408
Term deposits45,49945,288
81,44679,828
.
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 2018.
.
4. MEMBERS EVENTS IncomeExpenditureSurplus2017
(Deficit)Net
££££
Annual Dinner2,2501,918332215
Cambridge visit (2018) 910735175–
Manchester visit (2017)––0222
3,1602,653507437
.
5. WEBSITE RUNNING COSTS20182017
£ £
Service & upgrading system2,309 1,107
Amortisation 3,2953,295
5,604 4,402
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