EC Meeting Papers July 2018

General Federation of Trade Unions Income and Expenditure Account for the year ended 31 December 2017

2017

2016

£

£

Income Contributions

192,227 652,383 102,930

146,983 349,263 100,213

Income from investments Other operating income

Expenditure Investment management costs

(36,754) (298,733) (22,000) (29,000)

(41,602) (256,576) (33,000) (47,000)

Administrative expenses

Pension - Current service costs Pension - Other finance costs

Operating surplus

561,053

218,281

Refund of pension costs from PPF

-

129,611 293,695

Revaluation of investments and managed funds

13,711

Surplus before taxation

574,764

641,587

Gift aid donated

-

(100,000)

Surplus for the financial year

574,764

541,587

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