418 BRITISH ORNITHOLOGISTS’ UNION IBIS 117

Income and Expenditure Account for the 1973

E E

1. 003 6. 845

368 512

76 200 309 981 20 18 21

-

1. 286 Ell . 639 -

2. 258 163 165 270 173

3. 029 - 84

369 453 .

1, 787

E16. 908

Ibis Paper .. . . . . . . . . . . . . Printing and Binding . . . . . . . . . . Illustrations .. .. .. .. . . . . Reprints .. .. .. .. .. . . . . Membership List . . . . . . . . . . . . Compiling Indices .. .. .. . . . . Honoraria to Editors . . . . .. . . . . Editor’s Expenses . . . . . . . . . . . . Distribution .. .. . . . . . . . . Insurance of Stock .. .. .. .. .. Storage Rent on Back Numbers .. .. .. Advertising Back Numbers . . . . . . . . Amount due to Academic Press per Agreement being

. . their share of the surplus on the Joint Account

Administration Clerical Assistance . . . . . . .. . . . . Printing. Stationery and Equipment . . . . . . Postage and Telephone . . .. .. . . . . Sundries .. .. .. .. .. . . . . Audit and Accountancy including V.A.T. .. ..

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

Miscellaneous

BALANCE being Excess of Income over Expenditure . .

E L

993 7. 534 784 329 511 125 325 137

1. 218 20 18 21

585 41 2. 600

2. 486 266 159 583 270

3. 764

63 340

403 2. 423

E19. 190 . . . .

1975 BRITISH ORNITHOLOGISTS’ UNION 419

year ended 31st December, 1974 1973

4 4

5,775 733 734 561

7,803 -

7,543 36

Ibis .. . . .. .. .. .. Sales ..

Income from sales of back numbers . . .. .. Advertisements . . .. .. .. .. .. Reprints . . .. . . . . .. .. ..

Members’ Subscriptions Current . . . . .. . . .. .. .. Arrears . . .. . . . . . . .. ..

7,579 Add: Income tax recovered up to April 1974 on

927 covenanted subscriptions . . .. ..

8,506

1,701 6,805 -

1,831 243

2,074 -

34

61 131

-

226 - 416,908 __ __

Less: One fifth transferred to Research and Special Publications Account . . . . . . ..

Gross Income from Investments Investments . . .. .. . . . . . . Bank deposit . . .. . . . . . . ..

Sundry Income Ornithologists’ Guide and Membership List . . .. Status of Birds . . .. .. .. . . .. Ties .. Donations . . .. . . ..

. . . . . . .. .. . . .. .. ..

E L

6,931 1,217

555 218 - 8,921

7,918 101

8,019

847

8,866

1,773 - 7,093

2,046 862

2,908

27 92 17

132 - 268

4 1 9,190 - -

VOL. 117

420

1973 E E

11,091

1,787

12,878

100

12,778

-

BRITISH ORNITHOLOGISTS’ UNION IBIS 117

Balance Sheet as at

General Fund Balance at 1st January 1974 .. Add: Legacy from K. D. Smith . .

Excess of income over expen- diture for the year ended 31st December 1974 . .

Deduct: Amount transferred to: Research and Special Pub-

lications Account . . Mascarenes Expedition Account . .

Deduct: Interest-free loan to

Less: West Palaearctic Birds Ltd.

Loan from the Ernest Klein- wort Charitable Trust lent to West Palaearctic Birds Ltd and repayable on re- demption . . .. ..

2,000 10,778 -

- 250

100

1,701

304

116 65

Research and Special Publications Account Balance at 1st January 1974 . . .. Add: Donation received . . ..

Amount transferred from General Fund . . ..

One fifth of members’ sub- scription income . . ..

Gross income from: Dictionary Royalties Fund Mary Thomson Memorial

Fund .. . . R. & S.P. Fund

E E E

12,778 985

2,423

16,186

- 985

15,201

3,000

1,000 - 2,000 13,201

575 -

1,773

316

118 72

2,536 2,854 1,961 Deduct: Grants paid during year . . 2,195

Transfer to Mascarenes -

575 - Account . . .. .. 530

2,725 129

Mascarenes Expedition Account

Add: Amounts transferred from : 1,505 Donations to date . . .. .. - General Fund (Legacy) . . . . L R. & S.P. Account .. ..

1,635 Deduct: Expenses paid .. .. 1,505

(130) -

1,428

E12,651

David Lack Studentship Account Donations received and tax recovered

Carried forward

5,224

985 530

6,739 4,539

2,200

1,619

E17,149

1975 BRITISH ORNITHOLOGISTS' UNION 421

31st December, 1974 1973

General Fund Assets E E E E

14,287 980

13,307 - 69 7 588

1,285 -

7,600 269 36

7,905 -

Investments at cost . . .. . . . . . . 14,287 Deduct: Investment reserve .. 980 (Market Value 31st December 19%l-41i,441)' ' ..

13,307 Debit Balances

Sundry assets and debtors . . .. .. .. 687 Income tax recoverable .. .. .. .. 612

1,299 Bank Balances and Cash

National Westminster Bank Ltd. Deposit account . . .. .. .. . . 12,700 Current account . . .. .. .. .. 990

Cash in hand . . . . .. .. .. .. 3 13,693

22,497

3,439

9,846 - 250

6,157

28,299 Deduct: Creditors and Accrued Expenses . . ..

Academic Press . . .. .. .. .. . . 3,814 Sundry creditors .. .. .. .. . . 828 Subscriptions paid in advance .. .. . . 6,508 - 11,150

12,651

E12,651 Carried forward

17,149

E17.149

422 BRITISH ORNITHOLOGISTS’ UNION IBIS 117

E 4 12,651 Brought forward

4 E 17,149

SpecialReserveFund (The capital may be used with the authority of the

5,881 Balance at 1st January 1974 . . 5,986

5,986 - 6,046

members. The income is General Revenue)

105 Add: Transferred from Life Mknbership Fund‘ . . 60

3,660

200

Life Membership Fund (The capital may not be used. T h e income is General

Add: Compounded subscriptions received from members

Revenue) Balance at 1st January 1974 . . .. .. ..

during the year .. .. .. .. .. 3,860

105 3,755 -

5,277

3 5,280 - 2,000

1,500

- 431,172 -

Deduct: Compounded subscriptions of deceased life members transferred to Special Reserve Fund . .

Endowment Fund (The capital may not be used. The income goes to the

(a) Dictionmy Royalties Fund Balance at 1st January 1974 Add: Royalties received on “A New ’Dictibnary of

(b) Mary Thornon Memorial Fund

(c) R. &f S.P. Fund

Research and Special Publications Account)

Birds” during the year . . .. ..

Balance at 1st January 1974 . , .. .. .. Balance at 1st January 1974 . . .. .. ..

G w MOUNTFORT, President A. G. S . BRYSON, Hon. Treasurer J on behalf of the Council.

\ 18 March 1975

3,755

200

3,955

60 3,895

5,280 -

5,280

2,OOO

1,500

- 435,870

REPORT OF THE AUDITORS TO THE MEMBERS

We have audited the attached Balance Sheet dated 31st December 1974 and the accompanying Balance Sheet correctly sets forth the state of the Union’s affairs, according to the best of our

City-Gate House, Finabury Square, London EC2A IQP 24 February 1975

1975

1973 E E

12,651

5,875

111 5,986 -

3,841 184

3,657 98

3,755 -

BRITISH ORNITHOLOGISTS’ UNION 423

E E Brought forward 17,149

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

Bank deposit . . .. .. . . .. .. 171 (Market value 31st December i974--i3,656)

6,046

Life Membership Fund Assets Investments at cost .. .. . . .. . . 3,841 Deduct: Investment reserve . . .. I . .. 184

(Market Value 31st December 1974-E1,516) . . 3,657 Bank deposit . . .. . . . . . . . . 238

3,895

Endowment Fund Assets (a ) Dictionary Royalties Fund

5,190 Investments at cost .. .. .. .. . . 5,190

90 Bankdeposit . . .. .. .. .. .. 90 5,280 - 5,280

(Market Value 31st Dkcembe; 1974:El,Oj6)

1,497 Investments at cost . . 1.497 (Market Value 31st Dlcembe; 197CE67oj .. .. . . .. 3

(Market value 31st December 1974-E2,384)

(b) Mary Thomson Memorial Fund

(c) R . &3 S.P. Fund

2,000 Investments at cost .. 2,000

3 Bankdeposit .. .. 1,500 - 1,500

431,172 E35,870

OF THE BRITISH ORNITHOLOGISTS’ UNION

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

HOGG, BULLIMORE, GUNDRY & CO., Chartered Accountants