EC Meeting November 2018

ET Management Accounts YTD Oct 18

GFTU ET Full Year 2018

Budget YTD Oct 18

Budget left to spend for the year

Actual YTD Oct 18 Variance to Budget

Income source

Notes

Accounts Processing Services

- - - - - -

1,540.00

1,540.00

-

1,540.00

Recharge for services provided- QGH

- -

- -

- -

Contributions

Sponsorship/Commission Bank Interest Received

612.50

612.50

-

612.50

- - - -

- -

- -

Misc Income- intercompany recharge

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

100,000.00

83,333.33

-

83,333.33

100,000.00

-

-

-

-

Hotel rent Jan - May 18 @ £4k per month

48,000.00

40,000.00

20,000.00 12,000.00 43,352.73

-

20,000.00 12,000.00 26,686.06

28,000.00 12,000.00 23,352.73

Bad debt to write off £16k invoiced in Oct 18

Gift Aid-QGH Nursery Customised Course Fees

-

- -

20,000.00

16,666.67

Core Courses

- - -

- - -

- - -

- - -

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

PCS £10k; QGH Rent 5 months Jun - Oct @ £4k

Other Income

12,000.00

10,000.00

34,809.00

24,809.00

-

22,809.00

Total income

180,000.00

150,000.00

112,314.23

-

37,685.77

67,685.77

Expenditure

Staffing Salary+ NIC

202,762.00 22,407.00

168,968.33 18,672.50

173,612.86 15,069.01

4,644.53 3,603.49

29,149.14

Pensions

-

7,337.99

Redundancy & Severance

-

- -

-

-

Staff Welfare

2,400.00 2,000.00 5,000.00 4,500.00

2,000.00 1,666.67 4,166.67 3,750.00

-

2,000.00

2,400.00

Staff Travel and Subs

2,222.99 1,125.00 4,650.70

556.32

-

222.99

No car user allowance for Feb 18

Essential Car user Allowance

-

3,041.67

3,875.00

GS Travel HOE Travel

900.70

-

150.70

-

-

-

-

Other employment costs- Agency

1,200.00 4,000.00

1,000.00 3,333.33

794.00

- -

206.00 420.53

406.00

Training and development

2,912.80

1,087.20

Agency

- -

- -

- -

- -

Pensions Recovery Payments

Staffing total

244,269.00

203,557.50

200,387.36

-

3,170.14

43,881.64

Premises Rent and Rates

1,500.00

1,250.00

-

-

1,250.00 5,440.99 2,682.86

1,500.00 5,399.32 3,216.19

Removal costs and storage

Repair and maintenance

250.00

208.33

5,649.32

-

Utilities

3,200.00

2,666.67

-

16.19

-

Health and Safety

-

- -

-

-

Insurance

2,000.00 18,000.00

1,666.67 15,000.00

- -

1,666.67 5,052.30

2,000.00 8,052.30

Depreciation

9,947.70

Premises total

24,950.00

20,791.67

15,580.83

-

5,210.84

9,369.17