EC PAPERS NOVEMBER 2017

GFTU Budget 2018 DRAFT Consolidated Budget for GFTU and GFTUET 2018 prepared on 01.11.2017

GFTUET

Income source

GFTU

Grand total

135,450 41,769

Accounts Processing Services

135,450 41,769 16,376 194,500

Recharge for services provided- QGH Recharge for services provided- QGDN

194,500

Contributions

- -

Sponsorship/Commission

- -

Investment Income -TU Unit Trusts Investment Income- Zeneca Investment Income- RBS Investment Income- Unity Trust Managed Investment Income

8,000

8,000

- -

-

215,000

215,000

-

Bank Interest Received

12,000 100,000

Misc Income Gift Aid-GFTU Gift Aid- Albion Gift Aid-QGH Gift Aid- QGDN

12,000

100,000

-

-

48,000 48,000 80,000

48,000 48,000 80,000

Customised Course Fees

- - -

Trade Union Management Programme Grant/Arts Festival/Spon'ship/Project

882,719

Total income Expenditure Staff Cost Salary And NIC

623,095

276,000

-

318,430 56,688

115,599 34,612

202,831 22,076

Pension

-

Redundancy & Severance

-

-

3,260 6,828 4,000 6,000

Staff Welfare

860

2,400 5,000 2,000 4,500

Essential Car user Allowance

1,828 2,000 1,500

Staff Travel and Subs

GS Travel HOE Travel

-

2,000 4,000

Other employment costs Training and development

800

1,200 4,000

-

Agency

70,000

Pensions Recovery Payments

70,000

471,206

Staffing total Premises Rent and Rates

227,199

244,007

-

1,800

300 250 800

1,500

500

Repair and maintenance

250

4,000

Utilities

3,200

-

Health and Safety

2,500

Insurance

500

2,000

25,500 - 34,300

Depreciation

7,500

18,000

Premises total

9,350

24,950

-

Administration Stationery, Postage Courier & delivery cost Telephone & mobile IT, website, maintainence

10,100

1,600

8,500

-

7,700 8,000 3,500

700

7,000 4,000 1,500

4,000 2,000

Printing & Copying Office relocation

- -

8,300

21,000

-

29,300

Administration total

Manangement Executive Committee Expenses

5,000

2,000

3,000 8,000 2,000

20,750

Conference expenses (Union Building Conf. Project 120)

12,750

5,000

Conference expenses (other)/Speakers

3,000 8,500

18,500 15,000

Accountancy and audit

10,000

Legal & Profession DDA Compliance

10,000

5,000 2,000

2,000

60,000

Investment management fee

60,000

5,500 5,000

Pension scheme levy

5,500 5,000

Pension scheme audit and accounts Pension scheme legal & professional

35,000 171,750

35,000 141,750

Management fees total Programme and Event total Gift Aid Payment/Grants

30,000

-

-

105,000 22,000

100,000 14,000

5,000 8,000

Affiliations, Donations, Subscriptions, Edda Nicolson sponsorship

5,000 6,500 2,000 7,000 2,500 1,250

Communications & Campaigning

5,000 4,000 2,000

Advertising and promotion

2,500

Room hire

Publicity leaflets

7,000 2,500 1,250

Educational officers' meeting

Tutors' meeting

-

International Study Visit

7,000

Youth Festival History Festival

7,000

-

10,000 10,000

Arts & Cultural Festival

10,000 10,000

Other events

3,000 8,000

Open College Network Panel Fees+Membership

3,000 8,000

Workable books

- - -

Trade Union Management Programme

Links with Universities

Core Course -Student hotel & Travel

-

10,000

Core Course - Tutor Fees

10,000

5,000

Core Course - Tutor Travel & Sub

5,000

10,000 24,000

Core Course- Resource, books, printing, certificates

10,000 24,000

Customised Course- Tutor fees

-

Customised Course- Tutor Travel and sub

6,000 1,200 1,000 -

Customised Course- Resource, books, printing, cert.

6,000

Bank charges Miscellaneous

1,000

200 500

500

246,450

Programme and Event total

126,500

119,950

-

Management recharge Total Expenditures

513,099

439,907

-

953,006

Surplus/deficit before Capital Expenditure

109,996

-

163,907

-

-

70,287