F&GP Meeting November 2017

GFTU Management Accounts YTD Sep 2017

Budget YTD Sep 17

Actual YTD Sep 17

Variance

Notes

Income source

Accounts Processing Services

35,250 27,390 13,695

33,180 25,206 10,800

(2,070) For shared services provided

Recharge for services provided- QGH Recharge for services provided- QGN

(2,184) Recharge for services provided- QGH: Monthly Wendy, Ian & Nila charges (2,895) Recharge for services provided- QGN: Monthly Wendy, Ian & Nila charges

Contribution is for full year.

Contributions

120,000

192,227

72,227

Sponsorship/Commission

0

0

-

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

9,000 2,625

21,715

12,715 Dividends 6,361 Dividends

8,986

0 0

-

1,321

1,321 Dividends

BM Gain 147k gain, CAM: 117.5k gain for period Jan-June 2017, Dividend: 57k, charges (48k)

Managed Investment Income BM & CAM Managed Investment Income Credit Suisse

187,500

270,000

82,500

0 0

- -

Bank Interest Received

Misc Income- intercompany recharge

7,500

(7,500)

Gift Aid-GFTU Gift Aid- Albion Gift Aid-QGH

0 0 0 0

- - - -

Customised Course Fees

Invoices raised to delegate's for hotel exps @ BGCM & invoices for raffles & auction @ BGCM

Union Confenrance Building/ BGCM Grant/Arts Festival/Spon'ship/Project

0 0

9,266

9,266

-

Credit note raised to PPF £2,501, Income Charity account £75, Oclan book 50, TC branding commsion £600 & Donation £50, £85 from books

Other Income

0 0

-1,517

(1,517)

Extra Ordinary Income

Total income

402,960

571,184

168,224

Expenditure Staffing Salary

73,097 27,174

96,339 27,286

23,242 Staff salaries have been split between GFTU & ET

Salary for shared Service

112

Pension

0 0

7,052

7,052

Redundancy & Severance

0

-

Staff Welfare

645

985

340

Essential Car user Allowance

3,375 1,125

3,375 1,164

-

Staff Travel and Subs

39

Staff Travel shared Service

0

0

-

GS Travel HOE Travel

825

1,544

719

0

0 0

-

Other employment costs Training and development

375

(375)

0 0

- -

Agency

0 0

Pensions Recovery Payments

52,500

(52,500)

Pension Scheme Cost

0 0

- -

Pension prior year adjustment

Total

159,116

137,745

(21,371)

Premises Rent and Rates

225

1,490

1,265

Repair and maintenance

75

192

117

Utilities

600

1,681 1,298 -1,621 4,376

1,081

Health and Safety

0

Fire Risk Assessments / Fire Marshal Training (28 Delegates) in Jan 17

Insurance

375

(1,996) Insurance recharge to PCS members

Depreciation

5,400

(1,024)

0

Total

6,675

7,418

743

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

1,200

156

(1,044)

0

525

648

123

1,636 Sage monthly fee, Tony Jonson fee, Domain renewal fee

2,250 1,500

3,886 2,676

1,176 Used KM Bizhub 654 Mono Copier charge

Printing & Copying Office relocation

0 0

Total

5,475

7,367

1,892

Management fees Executive Committee Expenses Conference expenses (BGCM/EC)

(7,302) EC Members - Rail Fare + Parking + Mileage +Fixed Expense Allowance

12,750 13,500

5,448

22,825 BGCM expenses

36,325

TUC expenses 23.5k ,Gifts for Chinese Delegates in Jan 17, Ben Marshall gift & other expenses

Conference expenses (other)/Speakers

7,500 3,150 3,000

23,805

16,305

Accountancy and audit

3,346

196

Legal & Profession DDA Compliance

0

(3,000)

0

-