EC Meeting Papers July 2018

GENERAL FEDERATION OF TRADE UNIONS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2017

4.

Support costs

Governance costs

Staff costs

Occupancy

Other costs

Totals

£

£

£

£

£

Education

191,908

2,020

77,469

13,182

284,579

Training

191,908

2,020

77,469

13,182

284,579

5.

Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

2017

2016

£

£

Auditors' remuneration

14,500 97,300

14,500 87,443

Depreciation - owned assets Amortisation – intangible assets

-

-

6.

Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2017 nor for the year ended 31 December 2016.

Trustees' expenses Trustees' expenses paid for the year ended 31 December 2017 were £1,915 (2016 - £5,406).

7.

Staff costs

2017

2016

£

£

Wages and salaries Social security costs Other pension costs

156,565 16,089 15,713

181,572 17,529 18,905 25,000

Redundancy

-

188,367

243,006

The average monthly number of employees during the year was as follows:

2017

2016

Research and education officers

1

1

Project staff Administration

-

-

4

4

5

5

The number of employees that received emoluments of between £60,000 and £70,000 is 1 (2016 – 1).

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