IMCoS Accounts to December 31st 2021

INCOME & EXPENDITURE ACCOUNT
Year ended 31 December 2021

		2021		2020
INCOME		£	£	£	£
Membership subscriptions		19,701		18,856
Journal advertising		16,354		13,421
Map fair contributions		0		100
Website advertising		1,302		1,194
Members’ events (net) (Note 4)		-117		-224
Royalty received		29		197
Book & Journal sales		622		173
Bank interest		79		360
		——–	37,970	——–	34,077
EXPENDITURE
IMCoS journal		31,126		30,745
Advertising & promotion		0		68
AGM & committee meetings		499		9
International events		388		0
Postage		293		272
General insurance		552		548
Membership administration		792		640
Financial administration		192		212
Computer & website (Note 5)		1,288		685
Bank & credit card charges		727		537
		——–	35,857	——–	33,716
SURPLUS OF ORDINARY INCOME			———		———
FOR THE YEAR			£ 2,113		£ 361
			=====		=====
.
BALANCE SHEET
Year ended 31 December 2021
		2021		2020
		£	£	£	£
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		87,043
Prepayments		398		198
Accounts receivable		0		260
		——–	94,947	——–	87,501

CURRENT LIABILITIES
Prepaid membership subscriptions
	2021	0		12,127
	2022	12,857		5,208
	2023	6,158		1,758
	2024/25	2,055		1,758
	Totals	21,070		19,093
Creditors		4,032		676
Advance receipts for UK events		900		900
		——–	26,002	——–	20,669
			——–		——–
NET CURRENT ASSETS			68,945		66,832
			——–		——–
NET ASSETS			£ 69,446		£ 66,333
			=====		=====
MEMBERS’ FUNDS

Balance brought forward			67,333		66,972
Surplus for year			2,113		361
			——–		——–
TOTAL FUNDS			£ 69,446		£ 67,333
			=====		=====
	Cinzia Viviani	Val Newby
	Honorary Treasurer	Acting Chairman
.
. NOTES TO THE ACCOUNTS
Year ended 31 December 2021
		2021	2020
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	15,165	7,739
	Bonus saver	8,083	8,082
	Term deposits	71,301	71,222
	Card collection suspense account	0	0
		94,549	87,043
.
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 2021 (2020 nil).
	Carry forward	900	900
.
4. MEMBERS EVENTS		Income	Expenditure	Surplus	2020
				(Deficit)	Net
		£	£	£	£
Annual Dinner		0	117	-117	-144
Scotland visit		0	0	-0	-80
		0	117	-117	-224

.
5. WEBSITE RUNNING COSTS			2021	2020
			£	£
	Service & upgrading system		1,288	685
	Amortisation		0	0
			1,288	685
6. CONTINGENT LIABILITIES
There are at present no contingent liabilities (2020: £5,000).

GENERAL NOTE FOR THE YEAR 2021

The apparent large rise in Journal Advertising income is because advertisers were not charged for their March 2020 adverts due to the Covid-19 pandemic and the start of the first lockdown.

Accounts 2021

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IMCoS Accounts to December 31st 2021

GENERAL NOTE FOR THE YEAR 2021