IMCoS Accounts to December 31st 2023

INCOME & EXPENDITURE ACCOUNT
Year ended 31 December 2023
20232022
INCOME££££
Membership subscriptions20,67419,751
Journal advertising14,40514,714
Website advertising1,0091,116
Advertiser mailshot fee0250
Map fair contributions350800
Book & Journal sales601650
Members’ events (net) (Note 4)163-973
Bank interest1,712336
 ——–38,914 ——–36,644
EXPENDITURE
IMCoS journal33,72632,790
Map and Society Lectures200200
AGM & committee meetings168528
International events01,028
Show and Tell events420
Postage213304
General insurance369369
Gifts and Awards54125
Membership leaflets324187
Membership administration745744
Financial administration196176
Computer & website (Note 5)1,022972
Bank & credit card charges808775
 ——–38,187 ——–38,198
SURPLUS/<DEFICIT> OF ORDINARY ——— ———
INCOME FOR THE YEAR£ 1,047£ -1,554
===== =====
.
BALANCE SHEET
Year ended 31 December 2023
20232022
££££
FIXED ASSETS
IMCoS library (less sales)500500
Website, subject to amortisation (Note 1)11
501501
CURRENT ASSETS
Bank balances (Note 2)94,25493,283
Prepayments198358
Accounts receivable1,440700
 ——–95,892 ——–94,341
CURRENT LIABILITIES
Prepaid membership subscriptions
2023013,533
202413,4016,205
20246,0151,788
20262,0640
Totals21,47921,526
Creditors5,0754,525
Advance receipts for UK events900900
 ——–27,454 ——–26,951
 ——– ——–
NET CURRENT ASSETS68,43867,750
 ——– ——–
NET ASSETS£ 68,939£ 68,251
 ===== =====
MEMBERS’ FUNDS
Balance brought forward67,89269,446
Surplus for year1,047-1,554
  ——–  ——–
 TOTAL FUNDS£ 68,939£ 67,892
 ===== =====
Cinzia VivianiMike Sweeting
Honorary TreasurerChairman
.
.
NOTES TO THE ACCOUNTS
Year ended 31 December 2023
20232022
1. WEBSITE££
Cost of new website9,8859,885
Less Amortisation9,8849,884
Carried forward11
.
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/c17,82113,563
Bonus saver8,1898,101
Term deposits68,24371,619
94,25493,283
.
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 2023 (2022 nil).
Carry forward900900
.
4. MEMBERS EVENTSIncomeExpenditureSurplus2022
(Deficit)Net
££££
Annual Dinner000-1,112
Leith visit (Hereford visit 2022)2,160-1,997163139
2,160-1,997163-973
.
5. WEBSITE RUNNING COSTS20232022
£ £
Service & upgrading system1,023 972
Amortisation 00
1,023 972
6. CONTINGENT LIABILITIES
There are at present no contingent liabilities (2022: £nil).