EC Meeting Papers July 2018

GENERAL FEDERATION OF TRADE UNIONS EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2017

9.

Tangible fixed assets

Group

Land and buildings

Property improvements

Fixtures, fittings & equipment

Total

£

£

£

£

Cost At 1 January 2017

2,035,000

379,434

464,121 31,710

2,878,555

Additions Disposals

140,840

- - -

172,550

- -

- -

- -

Revaluation

At 31 December 2017

2,175,840

379,434

495,831

3,051,105

Depreciation At 1 January 2017 Charge for the year

- - -

132,643 42,522

157,024 54,778

289,667 97,300

Eliminated on disposals

-

-

-

At 31 December 2017

-

175,165

211,802

386,967

Net book value At 31 December 2017

2,175,840

204,269

284,029

2,664,138

At 31 December 2016

2,035,000

246,791

307,097

2,588,888

The historical cost of the property included in land and buildings is £1,545,366.

Trust

Computer equipment

Office equipment

Total

£

£

£

Cost At 1 January 2017

23,764

614 750

24,378

Additions Disposals

880

1,630

-

-

-

At 31 December 2017

24,644

1,364

26,008

Depreciation At 1 January 2017 Charge for the year

11,744

223

11,967

7,842

58

7,900

Eliminated on disposals

-

-

-

At 31 December 2017

19,586

281

19,867

Net book value At 31 December 2017

5,058

1,083

6,141

At 31 December 2016

12,020

391

12,411

17