EC Meeting May 2018

GFTU Management Accounts YTD Mar 2018

GFTU Budget Full Year 2018

Budget YTD Mar 18

Actual YTD Mar 18

Variance YTD Mar 18

Budget left to spend/achieve for the year

Notes

Income source

Accounts Processing Services

109,700 42,000

27,425 10,500

10,856

(16,569) (3,866)

98,844 For shared services provided 35,366 Recharge for services provided-QGH (5,400) Recharge for services provided- QGN 30,908 Contribution is for full year 2018

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

6,634 5,400

0

-

5,400

Contributions

194,500

48,625

163,592

114,967

Sponsorship/Commission

0

- -

0 0 0

- -

- -

Investment Income -TU Unit Trusts Investment Income- Zeneca Investment Income- RBS Investment Income- Unity Trust Managed Investment Income BM & CAM

8,000

2,000

(2,000)

8,000

-

-

-

4,000

1,000

0

(1,000)

4,000

215,000

53,750

-228,772

(282,522)

443,772

Bank Interest Received

- - - - - - - -

- - - - - -

- - - - - -

Misc Income- intercompany recharge

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

Customised Course Fees

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

6,875

6,875

(6,875)

-

-

Other Income

12,000

3,000

-

(3,000)

12,000

Extra Ordinary Income

-

Total income

585,200

146,300

-35,415

(181,715)

620,615

Expenditure Staffing Salary And NIC

156,607

39,152

36,607

(2,545)

120,000 Staff salaries have been split between GFTU & ET

Salary for shared Service

-

-

-

Pension

13,010

3,253

6,162

2,910

6,848

Redundancy & Severance

-

-

-

-

Staff Welfare

860

215 457 500

553

338 668

307 703

Essential Car user Allowance

1,828 2,000

1,125

Staff Travel and Subs

380

(120)

1,620

Staff Travel shared Service

-

-

-

-

GS Travel HOE Travel

1,500

375

1,705

1,330

(205)

-

- -

-

-

Other employment costs Training and development

800

200

(200)

800

- -

- -

- -

Agency

-

Pensions Recovery Payments

70,000

17,500

35

(17,465)

69,965

Pension Scheme Cost

- -

- -

- -

Pension prior year adjustment

Total

246,605

61,651

46,567

(15,084)

200,038

Premises Rent and Rates

300 250 800

75 63

497

422

(197)

Repair and maintenance

-

(63)

250

Utilities

200

1,248

1,048

(448)

Health and Safety

-

-

-

Insurance

500

125

1,862

1,737

(1,362) Insurance is for full year

Depreciation

7,500

1,875

779

(1,096)

6,721

-

-

Total

9,350

2,338

4,386

2,049

4,964

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

1,600

400

962

562

638

-

-

700

175

216

41

484

4,000 2,000

1,000

53

(947)

3,947

1,333 Used KM Bizhub 654 Mono Copier charge

Printing & Copying Office relocation

500

667

167

- -

- -

Total

8,300

2,075

1,897

(178)

6,403

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

2,000

500

3,625

3,125

(1,625) 12,750

12,750

3,188

-

(3,188)

2,000 Parliament

3,000 8,500

750

1,000

250

Accountancy and audit

2,125 2,500

700

(1,425)

7,800 6,400

Legal & Profession DDA Compliance

10,000

3,600

1,100

-

-

-

Investment management fee

60,000

15,000

(15,000) (1,000)

60,000

Pension scheme levy

5,500 5,000

1,375 1,250 8,750

375 400

5,125 4,600

Pension scheme audit and accounts Pension scheme legal & professional

(850)

35,000

4,433

(4,317)

30,567

Total

141,750

35,438

14,133

(21,304)

127,617

Programme and Event Gift Aid Payment/Grants

100,000

25,000

(25,000)

100,000