Income and Expenditure Account for the 1971

E E 849

5,377 459

1,101 444

33 433 200

23 545

20 18 21

324

9,847 - 1,715

226 5 8

181 292 157

2,629 -

162 568

730 --

EXPENDITURE

‘ IBIS ’ Paper . . . . .. .. . . . . . . Printing and Binding . . .. .. .. .. Illustrations . . .. . . . . . . .. .. Reprinting Volume 112 including paper . . .. .. Reprints . . * . . . . . .. . . . . Compiling Indices . . * . . . . . .. .. Membership List . . .. . . .. .. . . Honorarium to Editor . . . . .. .. . . Editor’s Expenses . . . . . . .. .. . . Distribution . . .. .. . . .. . . .. Insurance of Stock . . . . . . .. . . . . Storage Rent cn Rack Numbers , , .. .. .. Advertising Back Numbers . . . . . . . . Amount paid to Academic Press per Agreement being . . their share of the surplus on the Joint Account

ADMINISTRATION Clerical Assistance .. .. .. .. .. Printing, Stationery and Equipment . . . . . . Depreciation of Furniture and Equipment . . . . Postage and Telephone . . . . . . . . . . Sundries . . .. .. .. . . . . .. Audit and Accountancy . . . . . . . . . .

MISCELLANEOUS Subscriptions . . .. .. . . .. .. Expenses of Meetings . . .. . . .. . .

BALANCE, being Excess of Income over Expenditure . .

E E 950

5,964 583

536 33

-

- 200

52 609 20 18 21

1,394 ___ 10,380

1,980 369 174 256 318 157 -- 3,254

94 326 - 420

3

year ended 31st December, 1972 1971

.. . . .. .. ‘729 Income from Sales of Back Numbers . . .. .. 250 Advertisements . . . . .. . . .. .. 553 Reprints (including arrears) . . .. .. ..

6,200 - MEMBERS’ SUBSCRIPTIONS

4,558 Current . . .. . . . . .. .. .. 19 Arrears . . . . . . . . . . . . ..

4,577 Add: Income Tax iecovcrable up to April 1972 on 551 covenanted subscriptions . . . . .. ..

_-

5,128 - INCOME FROM INVESTMENTS (GROSS)

1,550 Investments . . . . . . .. . . . . .. 66 Bank Deposit .. . . .. . . .. ..

1,616 - INCOME FROM PUBLICATIONS

I S Ornithologists’ Guide . . . . . . .. .. 71 DONATIONS . . .. . . .. . . .. ..

173 BALANCE, being Excess of Expenditure over Income . .

E L 5,057

658 560 497 - 6,772

4,978 29

5,007 541 - 5,548

1,566 44 -- 1,610

24

103

E13,206 414,057

Balance Sheet as at 1971

E E

12,495

(173)

12,322

929

11,393 -

General Fund E E E E

Balance a t 1st January 1972 . . .. 11.393 Add:

. . .. .. .. 3

11,396

tions Account . . . . 305

11.091

Excess of Income over Expenditure for the year ended 31st December 1972 --

Deduct: Amounts transferred to: Research and Special PubIica-

Deduct: Interest-free Loan to Western 2,500 Palearctic Birds Ltd . . . . 3,000

Less: Loan from the Ernest Kleinwort Charitable Trust lent to Western Palearctic Birds Ltd and repay- able on Redemption . . . . 1,000 - 1,000

1,500 - 9,893 -

1.020

929

2 72

108 - - 2,329 1,550

779 -

Research and Special Publications Account

Add: Amount transferred from General Fund .. .. . . ..

Income from Dictionary Royalties

Income from Mary Thomson Memorial Fund (Gross) . ,

Income from R. & S.P. Fund . .

Balance at 1st January 1972 . . . .

Fund (Gross) . . .. . .

Deduct: Grants paid during year . . * I

Mascarenes Expedition Account

Deduct; Expenses paid during year Donation from Guy Mountfort . . ..

. .

E10,672 Carried Forward

2,000 - 9,091

779

305

296

89 31

1,500 1,500

-

- --

500 40 - 460

E9,SSl

31st December, 1972 1971

E L 14,287

980

13,307 -- 232

58 174 -

266 1,142

1,408 -

3,000 53 19

3,072 - 17,961

3,551 357

3,381 7,289 - -

10,672

General Fund Assets Investments at Cost .. .. .. .. ..

Deduct: Investment Reserve . . (Market Value 31st December i972-i30,17i)’

Furniture and Equipment Balance at 1st January 1972 . . .. . . . . Deduct: Depreciation . . .. .. .. ..

Debtors Sundry Debtors . . . . .. .. .. .. Income Tax Recoverable .. . . . . ..

Bank Balances and Cash National Westminster Bank Ltd

Deposit Account . . .. .. .. .. Current Account (Overdrawn) . . .. ..

Cash in Hand . . .. .. .. .. ..

Deduct: Creditors and Accrued Expenses Academic Press .. .. .. Subscriptions paid in advance . . Sundry Creditors . . .. ..

E E 14,287

980

-- 13,307

174 174 - - 655 580 - 1,235

1,000 “8;l

836 _I

15,378

- 206

. 5,621 -- 5,827

9,551 --

E10,672 Carried Forward

1971 E E

10,672

5,794

86

5,880 - -

3,080

330

3,410

85 3,325 -

4,294

783 5,077 - 2,000

Brought Forward

Special Reserve Fund (The Capital may be used with the

authority of the Members. The income is General Revenue.)

Balance at 1st Januaiy 1972 . . . . Add: Transferred from Life member-

Redemption Premium Received . . ship Fund .. .. ..

E E 9,551

5,880

- 1

5.881

Life Membership Fund (The Capital of this Fund may not be

used. The Income is General Revenue.) Balance at 1st January 1972 . . .. 3,325 Add: Compounded subscriptions received

335 from Members during the year

3,660 Deduct: Compounded subscriptions of

deceased Life Members trans- ferred to Special Reserve Fund - - 3,660

Endowment Fund (The Capital may not be used. The

income goes to the Researeh and Special Publications Account.)

(a) Dictionary Royalties Fund: Balance at 1st January 1972 . . .. Add: Royalties received on ‘A New

Dictionary of Birds ’ during the year . . .. .. ..

(b ) Mary Thomron Memorial Fund:

(c) R. o.’S.P. Fund:

Balance at 1st January 1972 . . ..

Anonymous Donation received . .

5,076

201 5,277

2,000

1,500

L26,954 E27.869

20 March 1973 GUY MOUNTFORT, President A. G. S. BRYSON, Hon. Treasurer }

REPORT OF THE AUDITORS TO THE MEMBERS

We have audited the above Balance Sheet, dated 31st December 1972, and the accompanying such Balance Sheet correctly sets forth the state of the Union’s affairs, according to the best of our

City-Gate House, Finsbury Square, London, EC2A 1QP. 20th March, 1973.

1971 E E

10,672 Brought Forward E E

9,551

Special Reserve Fund Assets 5,814 Investments at cost . . .. . . . . 5,875

66 Cash at Bsnk . . . . . . .. .. .. 6 5,880 - --

(Market Value 31st Decemher i972-E11,760)

5,881

Life Membership Fund Assets 3,394 Investments at Cost .. .. .. .. . . 3,841

183 Deduct: Investment Reserve .. 184 (Market Value 31st December i972-i3,997)' ' -

3,211 3,657 114 Cash at Bank . . . . . . .. .. .. 3

3,325 -- 3,660

Endowment Fund Assets (a) Dictionary Royalties Fund

5,060 Investments at cost .. 17 Cash at Bank . . .. .. .. .. .. (Market Value 31st D;cemd;r 1972-A6,582)

5,077 - (b) Mary Thomson Memorial Fund

2,000 Investments at cost .. (Market Value 31st Dkcemb,', 197212,5?l')

( c ) R. W S.P. Fund Investments at Cost .. Cash at Bank . . .. .. .. .. ..

(Market Value 31st Dkcemgr 197iLAl,ii3)

E26.954

5,190

87

1,497

3

5,277

2,000

1,500

E27,869

On behalf of the Council.

OF THE BRITISH ORNITHOLOGISTS' UNION

Income and Expenditure Account with the books and vouchers of the Union. information and the explanations given to us, and as shown by the books of the Union.

In our opinion

HOGG, BULLIMORE, GUNDRY & CO., Chartered Accountants.