EC Meeting Papers July 2018

General Federation of Trade Unions Pension Scheme

Fund Account

Year Ended 31 December 2017

GFTU

PCS

2017

2016

£

£

£

£

Note

Contributions and benefits

3 3

10,828

24,948 16,035

Employer contributions Employee contributions

35,776 21,788 70,000

106,656 22,366

5,753

70,000

-

-

S75 payment

86,581

40,983

127,564

129,022

Total contributions

4 5 6

356,261 10,668 -

72,841

429,102 16,381 -

400,941 15,835 619,099

Benefits paid or payable Administrative expenses Transfers to other Plans

5,713 -

366,929

78,554

445,483

1,035,875

Net (withdrawals) / additions from dealings with members

(211,640)

(113,360)

(325,000)

(906,853)

Return on investments

Change in market value of investments

7

415,918

222,777

638,695

1,744,574

Taxation

8

-

-

-

-

Net return on investments

415,918

222,777

638,695

1,744,574

Intersection transfers

-

-

-

-

Net increase / (decrease) in the fund during the year

204,278

109,417

313,695

837,721

Net assets of the scheme

6,040,183 3,330,560

9,935,469

9,935,469

At 1 January

At 31 December

6,941,788 3,831,402 10,773,190 10,773,190

8