EC Meeting Papers March 2018

GFTU ET

REVIEW OF ACCOUNTS AS AT Jan 31, 2018

Income:

No customises and core courses were held in Jan 2018. John and Ian are working on this issue to improve it for next year.

Expenses:

Overall expenses are higher than budget mainly due to £33k worth of new build expenses incurred in Jan 18.

GS Travel is high for the month as year 2017 GS expenses received in Jan 18.

IT & Website charges seems higher for the month as WatchGuard firebox was purchased for £3622 in Jan 18.

Other event charges are for VIETNAMESE TRIP

Subscriptions shows a monthly charge for “Learning Pool” membership.

Bank:

Cash flow remains tight due to New build expenses. Quarterly VAT refund of £15k has received in Feb 18.

Debtors balance is £32,498 at end of Jan 2018. However it has dropped to £9k in Feb 18.