EC Meeting May 2018
GFTU Management Accounts YTD Mar 2018
GFTU Budget Full Year 2018
Budget YTD Mar 18
Actual YTD Mar 18
Variance YTD Mar 18
Budget left to spend/achieve for the year
Notes
Income source
Accounts Processing Services
109,700 42,000
27,425 10,500
10,856
(16,569) (3,866)
98,844 For shared services provided 35,366 Recharge for services provided-QGH (5,400) Recharge for services provided- QGN 30,908 Contribution is for full year 2018
Recharge for services provided- QGH Recharge for services provided- QGN
6,634 5,400
0
-
5,400
Contributions
194,500
48,625
163,592
114,967
Sponsorship/Commission
0
- -
0 0 0
- -
- -
Investment Income -TU Unit Trusts Investment Income- Zeneca Investment Income- RBS Investment Income- Unity Trust Managed Investment Income BM & CAM
8,000
2,000
(2,000)
8,000
-
-
-
4,000
1,000
0
(1,000)
4,000
215,000
53,750
-228,772
(282,522)
443,772
Bank Interest Received
- - - - - - - -
- - - - - -
- - - - - -
Misc Income- intercompany recharge
Gift Aid-GFTU Gift Aid- Albion Gift Aid-QGH
Customised Course Fees
Union Confenrance Building / BGCM Grant/Arts Festival/Spon'ship/Project
6,875
6,875
(6,875)
-
-
Other Income
12,000
3,000
-
(3,000)
12,000
Extra Ordinary Income
-
Total income
585,200
146,300
-35,415
(181,715)
620,615
Expenditure Staffing Salary And NIC
156,607
39,152
36,607
(2,545)
120,000 Staff salaries have been split between GFTU & ET
Salary for shared Service
-
-
-
Pension
13,010
3,253
6,162
2,910
6,848
Redundancy & Severance
-
-
-
-
Staff Welfare
860
215 457 500
553
338 668
307 703
Essential Car user Allowance
1,828 2,000
1,125
Staff Travel and Subs
380
(120)
1,620
Staff Travel shared Service
-
-
-
-
GS Travel HOE Travel
1,500
375
1,705
1,330
(205)
-
- -
-
-
Other employment costs Training and development
800
200
(200)
800
- -
- -
- -
Agency
-
Pensions Recovery Payments
70,000
17,500
35
(17,465)
69,965
Pension Scheme Cost
- -
- -
- -
Pension prior year adjustment
Total
246,605
61,651
46,567
(15,084)
200,038
Premises Rent and Rates
300 250 800
75 63
497
422
(197)
Repair and maintenance
-
(63)
250
Utilities
200
1,248
1,048
(448)
Health and Safety
-
-
-
Insurance
500
125
1,862
1,737
(1,362) Insurance is for full year
Depreciation
7,500
1,875
779
(1,096)
6,721
-
-
Total
9,350
2,338
4,386
2,049
4,964
Administration Stationery, Postage Courier & delivery cost Telephone & mobile IT, website, maintainence
1,600
400
962
562
638
-
-
700
175
216
41
484
4,000 2,000
1,000
53
(947)
3,947
1,333 Used KM Bizhub 654 Mono Copier charge
Printing & Copying Office relocation
500
667
167
- -
- -
Total
8,300
2,075
1,897
(178)
6,403
Management fees Executive Committee Expenses Conference expenses (BGCM/EC) Conference expenses (other)/Speakers
2,000
500
3,625
3,125
(1,625) 12,750
12,750
3,188
-
(3,188)
2,000 Parliament
3,000 8,500
750
1,000
250
Accountancy and audit
2,125 2,500
700
(1,425)
7,800 6,400
Legal & Profession DDA Compliance
10,000
3,600
1,100
-
-
-
Investment management fee
60,000
15,000
(15,000) (1,000)
60,000
Pension scheme levy
5,500 5,000
1,375 1,250 8,750
375 400
5,125 4,600
Pension scheme audit and accounts Pension scheme legal & professional
(850)
35,000
4,433
(4,317)
30,567
Total
141,750
35,438
14,133
(21,304)
127,617
Programme and Event Gift Aid Payment/Grants
100,000
25,000
(25,000)
100,000
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