EC Meeting May 2018

ET Management Accounts YTD Mar 18

GFTUET Full Year 2018

Budget YTD Mar 18

Actual YTD Mar 18

Budget left to spend for the year

Income source

Variance

Notes

Accounts Processing Services

- - -

Recharge for services provided- QGH

Contributions

Sponsorship/Commission Bank Interest Received

350

350

- -

Misc Income- intercompany recharge

-

Gift Aid-GFTU Gift Aid- Albion Gift Aid-QGH

100,000

25,000

(25,000)

100,000

-

-

- -

-

48,000

12,000

12,000

36,000 (8,000) 12,634

Gift Aid-QGH Nursery Customised Course Fees

-

8,000 7,366

8,000 2,366

20,000

5,000

Core Courses

- - -

- - -

- - -

Trade Union Management Programme Grant/Arts Festival/Spon'ship/Project

-

Other Income

12,000

3,000

146

(2,854)

11,854

-

-

-

Total income

180,000

45,000

27,862

(17,138)

152,488

Expenditure

Staffing Salary+ NIC

202,762 22,407

50,690.50

52,638

1,948

150,124 18,160

Pensions

5,602

4,247

Redundancy & Severance

-

- -

-

-

Staff Welfare

2,400 2,000 5,000 4,500

600 500

(600) (111)

2,400 1,611 4,750

Staff Travel and Subs

389 250

Essential Car user Allowance

1,250 1,125

(1,000)

GS Travel HOE Travel

3,793

2,668

707

-

-

-

-

Other employment costs- Agency

1,200 4,000

300

319

19

882

Training and development

1,000

2,027

1,027

1,973

Agency

- - -

- -

- - -

Pensions Recovery Payments

Staffing total

244,269

61,067

63,663

2,596

180,606

Premises Rent and Rates

1,500

375

- -

(375)

1,500

Repair and maintenance

250

63

(63)

250

Utilities

3,200

800

64

(736)

3,136

Health and Safety

-

-

-

Insurance

2,000

500

-

(500)

2,000

Depreciation

18,000

4,500

2,984

(1,516)

15,016

-

-

-

Premises total

24,950

6,238

3,049

(3,189)

21,901

Administration Stationery, Postage Courier & delivery cost Telephone & mobile IT, website, maintainence

5,500

1,375

1,684

309

3,816

-

-

-

5,000 6,000 1,500

1,250 1,500

1,263 2,437

13

3,737 3,563

937 376

Printing & Copying Office relocation

375

751

749

- -

-

- -

Administration total

18,000

4,500

6,134

1,634

11,866

Management fees Trustees Expenses

3,000 8,000 2,000

750

365

(385)

2,635 8,000 2,000 8,334 5,000 2,000

Conference expenses (BGCM/EC) Conference expenses (other)/Speakers

2,000

(2,000)

500

-

(500) (834)

Accountancy and audit

10,000

2,500 1,250

1,666

Legal & Profession DDA Compliance

5,000 2,000

-

(1,250)

500

(500)

Investment management fee Management fees total

-

-

-

30,000

7,500

2,031

(5,469)

27,969

Programme and Event Gift Aid Payment/Grants

5,000 8,000

1,250 2,000

-

(1,250)

5,000 6,833

Affiliations, Donations, Subscriptions, Communications & Campaigning

1,167

(833)

-

-

-

-

Advertising and promotion

2,500

625

2,002

1,377

498

Room hire

-

- -

-

-

Publicity leaflets

7,000 2,500 1,250

1,750

(1,750)

7,000 2,362 1,250

Educational officers' meeting

625 313

139

(487) (313)

Tutors' meeting

International Study Visit

35,000

8,750 1,750

-

(8,750) (1,610)

35,000

Youth Festival History Festival

7,000

140

6,860

-

-

-

Arts & Cultural Festival

10,000

2,500

- -

(2,500)

10,000

ESNA Visist Other events

-

-

-

10,000

2,500

595

(1,905)

9,405 3,000 8,000

Open College Network Panel Fees+Membership

3,000 8,000

750

(750)

Workable books

2,000

(2,000)

Trade Union Management Programme

- - -

- -

- -

Links with Universities

-

Core Course -Student hotel & Travel

5,058 5,100

5,058 2,600

(5,058)

4,900 Northen College Invoices

Core Course - Tutor Fees

10,000

2,500 1,250 2,000

Core Course - Tutor Travel & Sub

5,000 8,000

201

(1,049) (2,000)

4,799 8,000

Core Course- Resource, books, printing, certificates Customised Course -Student hotel & Travel

-

-

3,533 1,250

3,533

(3,533)

Customised Course- Tutor fees

2,000 5,000 2,000

500

750

750

Customised Course- Tutor Travel and sub

1,250

223

(1,027)

4,777

Customised Course- Resource, books, printing, cert.

500

9,609

9,109

(7,609)

Bank charges Miscellaneous

200 500

50

132 824

82

68

125

699

(324)

-

-

-

Programme and Event total

131,950

32,988

29,972

(3,016)

101,978