EC Meeting Papers July 2018

GENERAL FEDERATION OF TRADE UNIONS EDUCATIONAL TRUST

CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2017

2017

2016

Notes

£

£

Fixed assets Tangible assets Intangible assets

9

2,664,138

2,588,888

10

-

-

Current assets Stocks

10,128 161,729 48,951

10,812 245,405 61,114

Debtors

12

Cash at bank and in hand

220,808

317,331

Creditors Amounts falling due within one year

13

(2,156,330)

(1,759,134)

Net current assets/(liabilities)

(1,945,650)

(1,441,803)

Total assets less current liabilities

728,616

1,147,085

Net assets

728,616

1,147,085

Funds

15

Restricted funds Unrestricted funds

1,970,440 (1,241,824)

2,207,043 (1,059,958)

Total funds

728,616

1,147,085

The financial statements were approved by the Board of Trustees on ………………… and were signed on its behalf by:

…………………… Trustee

The notes form part of these financial statements

10