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Proceedings 2002/2003 - IRSE

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96<br />

NINETIETH ANNUAL REPORT<br />

THE INSTITUTION OF RAILWAY SIGNAL ENGINEERS’<br />

MAIN INCOME AND EXPENDITURE ACCOUNT<br />

FOR THE YEAR ENDED 31st DECEMBER <strong>2002</strong><br />

31st Dec <strong>2002</strong> 31st Dec 2001<br />

£ £<br />

<strong>Proceedings</strong> & Technical Papers<br />

Publication of <strong>Proceedings</strong> 18,857 26,143<br />

Printing Papers & Blocks 6,544 7,150<br />

Editing 1,200 1,200<br />

Prizes 134 26,735 108 34,601<br />

Technical Publications<br />

Stock 1st January <strong>2002</strong> 6,661 8,468<br />

Printing 10,995 2,642<br />

17,656 11,110<br />

Less Stock 31st Dec <strong>2002</strong> 11,778 5,878 6,661 4,449<br />

Thorrowgood Medal 33 33<br />

<strong>IRSE</strong> Ties & Cufflinks<br />

Stock 1st January <strong>2002</strong> 1,017 506<br />

Purchases – 1,176<br />

Less Stock 31st Dec <strong>2002</strong> 950 67 1,017 665<br />

Expenses of Meetings<br />

Accommodation 7,266 5,284<br />

Refreshments 1,650 8,916 1,278 6,562<br />

Office Expenses<br />

Secretarial & Accommodation 105,065 113,047<br />

Treasurers’ Fees 6,000 6,000<br />

Postage & Misc Expenses 49,190 45,854<br />

Committee Meeting<br />

Accommodation 5,016 165,271 2,359 167,260<br />

New IT System 25,267 –<br />

Printing & Stationery 7,645 5,445<br />

Past President’s Badge 119 119<br />

Auditors’ Remuneration 3,095 2,453<br />

Grants to Local Sections 1,000 520<br />

Newsletter 29,450 23,300<br />

Depreciation of Fixed Assets 7,758 2,770<br />

Computer Maintenance 2,635 290<br />

Secretarial Expenses –<br />

Australia/South Africa 3,269 3,603<br />

Institution Entertaining/Presidential<br />

Expenses 14,853 925<br />

Textbook<br />

Production (net) 2,411<br />

Provision 10,000 12,411 –<br />

Development Fund Provision 10,000 –<br />

Donation to Scholardship Fund – 5,000<br />

Balance being excess of Income<br />

over Expenditure 25,574 48,972<br />

349,976 306,967<br />

31st Dec <strong>2002</strong> 31st Dec 2001<br />

£ £<br />

Subscriptions Received<br />

Arrears in respect of earlier<br />

years 18,698 10,796<br />

For the current year 162,994 181,692 142,115 152,911<br />

Donations 484 1,179<br />

Entrance Fees 2,675 2,390<br />

Income from <strong>Proceedings</strong><br />

Sales – including papers/<br />

adverts (net) 50,634 78,571<br />

Advance Copy Registration<br />

Fees 690 678<br />

Sundry Sales<br />

Booklets & Text Books 16,155 13,043<br />

<strong>IRSE</strong> Ties & Badges 430 16,585 346 13,389<br />

Interest on Investments – Gross 10,334 13,289<br />

Examination Fees (net) 3,041 4,500<br />

Functions<br />

Surplus on Conventions 10,530 14,343<br />

Surplus on Dinners &<br />

Dinner Dance 8,572 9,863<br />

Surplus on Technical<br />

Visits and Seminars 11,974 10,131<br />

Other Activities 42,487 –<br />

Exceptional Item – VAT claim (net) 10,278 5,723<br />

349,976 306,967<br />

THE INSTITUTION OF RAILWAY SIGNAL ENGINEERS’<br />

THORROWGOOD SCHOLARSHIP BEQUEST FUND INCOME AND EXPENDITURE ACCOUNT<br />

FOR THE YEAR ENDED 31st DECEMBER <strong>2002</strong><br />

31st Dec <strong>2002</strong> 31st Dec 2001<br />

£ £<br />

Scholarship Prizes – Current Year – 100<br />

Surplus Transferred to Capital<br />

Fund 185 292<br />

185 392<br />

31st Dec <strong>2002</strong> 31st Dec 2001<br />

£ £<br />

Interest on Investments 185 392<br />

185 392

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