Institution of Mechanical Engineers
Summarised Accounts
The Summarised Accounts are extracted from the audited Annual Accounts which were approved by the Trustee Board on 19 March 2008. The report of the auditors on the Annual Accounts was unqualified. The Summarised Accounts do not contain sufficient information to allow for a full understanding of the financial affairs of the Institution. A copy of the full Trustees’ Report and Annual Accounts can be obtained from the Trustee Office on 020 7973 1311. A copy of the Trustees’ Report and Annual Accounts will be submitted to the Charity Commission in due course. The Summarised Accounts were approved by the Trustee Board on 19 March 2008 and were signed on its behalf by John Baxter, President, Institution of Mechanical Engineers.
Summarised Consolidated Statement of Financial Activities
For the year ended 31 December 2007
|
2007 |
|
2006 |
|
|
|
|
|
£000s |
|
£000s |
Income |
|
|
|
Publishing |
7,868 |
|
7,335 |
Membership Subscriptions |
6,658 |
|
5,814 |
Technical |
1,885 |
|
1,691 |
Interest & Dividends & Room Hire |
2,065 |
|
2,198 |
Professional Development & Membership |
317 |
|
264 |
Sundry |
130 |
|
192 |
Total Incoming Resources |
18,923 |
|
17,494 |
|
|
|
|
Expenditure |
|
|
|
Publishing |
5,824 |
|
5,670 |
Technical |
3,752 |
|
3,300 |
Interest & Dividends & Room Hire |
621 |
|
642 |
Regional Activities & Marketing |
3,130 |
|
2,856 |
Professional Development & Membership |
1,895 |
|
1,564 |
Library & Facilities at Birdcage Walk |
1,182 |
|
1,107 |
Prizes, Awards & Scholarships |
636 |
|
653 |
Governance Costs |
307 |
|
326 |
Membership Subscriptions |
168 |
|
142 |
Total Resources Expended |
17,515 |
|
16,260 |
|
|
|
|
Net Income on Activities |
1,408 |
|
1,234 |
|
|
|
|
Pension Costs |
2,140 |
|
2,415 |
Gains on Investments |
352 |
|
1,820 |
Net Movement in Funds |
3,900 |
|
5,469 | Summarised Consolidated Balance Sheet At 31 December 2007
|
2007 |
|
2006 |
|
|
|
|
|
£000s |
|
£000s |
|
|
|
|
Fixed Assets |
|
|
|
Tangible Assets |
2,362 |
|
2,314 |
Investments |
18,359 |
|
18,006 |
|
20,721 |
|
20,320 |
|
|
|
|
Current Assets |
6,347 |
|
3,154 |
|
|
|
|
Current Liabilities |
(7,648) |
|
(5,625) |
|
|
|
|
Pension Scheme Asset/(Liability) |
545 |
|
(1,784) |
|
|
|
|
Net Assets |
19,965 |
|
16,065 |
|
| |