EC Meeting Papers March 2018

GFTU Management Accounts YTD Jan 2018

Budget YTD Jan 18

Actual YTD Jan 18

Variance

Notes

Income source

Accounts Processing Services

9,142 3,500

3,626 2,211 1,800

(5,516) For shared services provided

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

(1,289) Recharge for services provided- QGH: Monthly Wendy, Ian & Nila charges 1,800 Recharge for services provided- QGN: Monthly Wendy, Ian & Nila charges

-

86,964 Contribution is for full year 2018

Contributions

16,208

103,172

Sponsorship/Commission

- -

0 0 0

- -

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

667

(667)

-

-

333

0

(333)

Managed Investment Income BM & CAM

17,917

(17,917)

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

- -

250

250

-

Other Income

1,000

-

(1,000)

Extra Ordinary Income

-

Total income

48,767

111,059

62,293

Expenditure Staffing Salary And NIC

13,051

12,027

(1,023) Staff salaries have been split between GFTU & ET

Salary for shared Service

-

-

Pension

1,084

3,865

2,781

Redundancy & Severance

-

-

-

Staff Welfare

72

236 375 380

164 223 213

Essential Car user Allowance

152 167

Staff Travel and Subs

Staff Travel shared Service

-

-

-

GS Travel HOE Travel

125

1,428

1,303

-

- -

-

Other employment costs Training and development

67

(67)

- -

- -

Agency

- -

Pensions Recovery Payments

5,833

(5,833)

Pension Scheme Cost

- -

- -

Pension prior year adjustment

Total

20,550

18,312

(2,239)

Premises Rent and Rates

25 21 67

248

223

Repair and maintenance

-

(21)

Utilities

172

106

Health and Safety

-

- -

Insurance

42

(42)

Depreciation

625

390

(235)

-

Total

779

810

31

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

133

17

(116)

-

58

72 53

14

333 167

(281)

310 Used KM Bizhub 654 Mono Copier charge

Printing & Copying Office relocation

476

- -

Total

692

618

(73)

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

167

1,797

1,630

1,063

- -

(1,063)

250 708 833

(250) (358) (833)

Accountancy and audit

350

Legal & Profession

-