EC Meeting Papers July 2018

General Federation of Trade Unions

Balance Sheet as at 31 December 2017

Notes

2017

2016

£

£

Fixed assets Tangible assets

7 8

19,401 160,986

23,340 763,926

Investments

Managed investments

6,308,128 6,488,515

5,519,841 6,307,107

Current assets Debtors

10 1,826,146

1,554,006

Cash at bank and in hand

54,207

41,461

1,880,353

1,595,467

Creditors: amounts falling due within one year

11

(75,829)

(154,299)

Net current assets

1,804,524

1,441,168

Total assets less current liabilities

8,293,039

7,748,275

Pension liability

(796,000)

(1,130,000)

Net assets

7,497,039

6,618,275

Reserves General fund

7,497,039

6,618,275

7,497,039

6,618,275

J Smith President Approved by the Executive Committee on ……………………

8