EC Meeting May 2018

General Federation of Trade Unions Notes to the Accounts for the year ended 31 December 2017

4 Investment management costs

2017

2016

£

£

Investment management fees

36,407

40,694

Interest payable

347

908

36,754

41,602

5 Administrative expenses

2017

2016

£

£

Employment costs Redundancy costs

139,491

61,115 18,435 28,677 69,890 13,037

-

Pension scheme costs

13,837 24,004 13,698

Pension scheme recharged to GFTUET

Executive committee costs

Staff expenses, training and welfare

2,489

4,270

Conference expenses

59,332

14,174

Occupany costs Relocation costs

5,161

829

-

-

Telephone

864

270

Printing, postage, stationery and publications

4,738

2,336 1,670

Bank charges

939

Insurance

1,425 9,524

10,035

ICT and Software

8,306

Repairs and maintenance

308

157

Depreciation

5,835

7,223 5,221 1,591 4,820 4,200

Loss on disposal of fixed assets

-

Sundries Donations Audit fees

70

4,865 4,396

Bookkeeping and payroll Advertising and PR Legal and professional

-

-

6,379 1,378

3,005

(2,685)

298,733

256,576

6 Gift Aid

The General Federation of Trade Unions Educational Trust ("GFTU Educational Trust") was established by the General Federation of Trade Unions, which continues to support it financially by way of Gift Aid donations. The total donated during the year was as follows:

2017

2016

£

£

General Federation of Trade Unions Educational Trust

-

100,000

-

100,000

10