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
9.
Tangible fixed assets
Group
Land and buildings
Property improvements
Fixtures, fittings & equipment
Total
£
£
£
£
Cost At 1 January 2017
2,035,000
379,434
464,121 31,710
2,878,555
Additions Disposals
140,840
- - -
172,550
- -
- -
- -
Revaluation
At 31 December 2017
2,175,840
379,434
495,831
3,051,105
Depreciation At 1 January 2017 Charge for the year
- - -
132,643 42,522
157,024 54,778
289,667 97,300
Eliminated on disposals
-
-
-
At 31 December 2017
-
175,165
211,802
386,967
Net book value At 31 December 2017
2,175,840
204,269
284,029
2,664,138
At 31 December 2016
2,035,000
246,791
307,097
2,588,888
The historical cost of the property included in land and buildings is £1,545,366.
Trust
Computer equipment
Office equipment
Total
£
£
£
Cost At 1 January 2017
23,764
614 750
24,378
Additions Disposals
880
1,630
-
-
-
At 31 December 2017
24,644
1,364
26,008
Depreciation At 1 January 2017 Charge for the year
11,744
223
11,967
7,842
58
7,900
Eliminated on disposals
-
-
-
At 31 December 2017
19,586
281
19,867
Net book value At 31 December 2017
5,058
1,083
6,141
At 31 December 2016
12,020
391
12,411
17
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