15 / 99
GFTU Management Accounts YTD Aug 2017
Income source
Budget YTD
Aug 17
Actual YTD
Aug 17
Variance
Notes
Accounts Processing Services
31,333
29,541
(1,792)
For shared services provided to TSSA £3,683 per month
Recharge for services provided- QGH
24,347
24,795
448
Recharge for services provided- QGH: Monthly Wendy, Ian & Nila charges
Recharge for services provided- QGN
12,173
7,200
(4,973)
Recharge for services provided- QGN: Monthly Wendy, Ian & Nila charges
Contributions
106,667
192,227
85,560
Contribution is for full year. New affiliate joined Gilfach Goch Community &
Association income from this affiliate in this month
Sponsorship/Commission
0
0
-
Investment Income -TU Unit Trusts
8,000
21,715
13,715
Dividends
Investment Income- Zeneca
2,333
6,593
4,260
Dividends
Investment Income- RBS
0
-
Investment Income- Unity Trust
0
1,321
1,321
Dividends
Managed Investment Income BM & CAM
166,667
270,000
103,333
BM Gain 147k gain, CAM: 117.5k gain for period Jan-June 2017, Dividend: 57k,
charges (48k)
Managed Investment Income Credit Suisse
0
-
Bank Interest Received
0
-
Misc Income- intercompany recharge
6,667
(6,667)
Gift Aid-GFTU
0
-
Gift Aid- Albion
0
-
Gift Aid-QGH
0
-
Customised Course Fees
0
-
Union Confenrance Building/
BGCM
0
9,266
9,266
Invoices raised to delegate's for hotel exps @ BGCM & invoices for raffles &
auction @ BGCM
Grant/Arts Festival/Spon'ship/Project
0
-
Other Income
0
-1,602
(1,602)
Credit note raised to PPF £2,501, Income Charity account £75, Oclan book 50, TC
branding commsion £600 & Donation £50
Extra Ordinary Income
0
Total income
358,187
561,056
202,869
Expenditure
Staffing
Salary
64,975
84,328
19,354
Staff salaries have been split between GFTU & ET
Salary for shared Service
24,155
22,700
(1,454)
Pension
0
5,950
5,950
Redundancy & Severance
0
0
-
Staff Welfare
573
903
329
Essential Car user Allowance
3,000
3,000
-
Staff Travel and Subs
1,000
604
(396)
Staff Travel shared Service
0
0
-
GS Travel
733
1,544
811
HOE Travel
0
0
-
Other employment costs
333
0
(333)
Training and development
0
-
Agency
0
0
-
Pensions Recovery Payments
46,667
0
(46,667)
Pension Scheme Cost
0
-
Pension prior year adjustment
0
-
Total
141,436
119,030
(22,406)
Premises
Rent and Rates
200
1,242
1,042
Repair and maintenance
67
179
112
Utilities
533
1,643
1,110
Health and Safety
0
1,298
Fire Risk Assessments / Fire Marshal Training (28 Delegates) in Jan 17
Insurance
333
-1,621
(1,954)
Insurance recharge to PCS members
Depreciation
4,800
3,890
(910)
0
Total
5,933
6,631
698
Administration
Stationery, Postage
1,067
48
(1,019)
Courier & delivery cost
0
Telephone & mobile
467
576
109
IT, website, maintainence
2,000
3,886
1,886
Sage monthly fee, Tony Jonson fee, Domain renewal fee
Printing & Copying
1,333
1,813
480
Used KM Bizhub 654 Mono Copier charge
Office relocation
0
0
Total
4,867
6,324
1,457
Management fees
Executive Committee Expenses
11,333
4,052
(7,281)
EC Members - Rail Fare + Parking + Mileage +Fixed Expense Allowance
Conference expenses (BGCM/EC)
12,000
36,325
24,325
BGCM expenses
Conference expenses (other)/Speakers
6,667
725
(5,942)
Gifts for Chinese Delegates in Jan 17, Ben Marshall gift & other expenses
Accountancy and audit
2,800
2,996
196
Legal & Profession
2,667
0
(2,667)