80 / 190
GFTU Management Accounts YTD May 2017
Income source
Budget YTD
May 17
Actual YTD
May 17
Variance
Notes
Accounts Processing Services
19,583
18,416
(1,168)
For shared services provided to TSSA £3,683 per month
Recharge for services provided- QGH
15,217
16,361
1,144
Recharge for services provided- QGH: Monthly Wendy, Ian & Nila charges
Recharge for services provided- QGN
7,608
3,600
(4,008)
Recharge for services provided- QGN: Monthly Wendy, Ian & Nila charges
Contributions
66,667
191,777
125,111
Contribution is for full year. No more contribution is expected in the year. New
affilate
'Writer's Guild of Great Britian'
joined GFTU
Sponsorship/Commission
0
0
-
Investment Income -TU Unit Trusts
5,000
(5,000)
Investment Income- Zeneca
1,458
(1,458)
Investment Income- RBS
0
-
Investment Income- Unity Trust
0
-
Managed Investment Income BM & CAM
104,167
187,130
82,963
BM Gain 101k gain, CAM: 85k gain for period Jan-Mar 2017 (gain before any
investment management fee & foreign exchange gain or loss)
Managed Investment Income Credit Suisse
0
-
Bank Interest Received
0
-
Misc Income- intercompany recharge
4,167
(4,167)
Gift Aid-GFTU
0
-
Gift Aid- Albion
0
-
Gift Aid-QGH
0
-
Customised Course Fees
0
-
Union Confenrance Building/
BGCM
0
7,780
7,780
Invoices raised to delegate's for hotel exps @ BGCM & invoices for raffles &
auction @ BGCM
Grant/Arts Festival/Spon'ship/Project
0
-
Other Income
0
-2,321
(2,321)
Credit note raised to PPF
Extra Ordinary Income
Total income
223,867
422,743
198,876
Expenditure
Staffing
Salary
40,609
42,772
2,162
Staff salaries have been split between GFTU & ET
Salary for shared Service
15,097
12,543
(2,554)
Pension
0
3,664
3,664
Redundancy & Severance
0
0
-
Staff Welfare
358
626
268
Essential Car user Allowance
1,875
1,875
-
Staff Travel and Subs
625
386
(239)
Staff Travel shared Service
0
0
-
GS Travel
458
1,400
942
HOE Travel
0
0
-
Other employment costs
208
0
(208)
Training and development
0
-
Agency
0
0
-
Pensions Recovery Payments
29,167
0
(29,167)
Pension Scheme Cost
0
-
Pension prior year adjustment
0
-
Total
88,398
63,266
(25,132)
Premises
Rent and Rates
125
497
372
Repair and maintenance
42
55
13
Utilities
333
1,147
814
Health and Safety
0
1,298
Fire Risk Assessments / Fire Marshal Training (28 Delegates) in Jan 17
Insurance
208
-1,621
(1,829)
Insurance recharge to PCS members
Depreciation
3,000
2,431
(569)
0
Total
3,708
3,807
99
Administration
Stationery, Postage
667
48
(619)
Courier & delivery cost
0
Telephone & mobile
292
360
68
IT, website, maintainence
1,250
3,886
2,636
Sage monthly fee, Tony Jonson fee, Domain renewal fee
Printing & Copying
833
1,813
980
Used KM Bizhub 654 Mono Copier charge
Office relocation
0
0
Total
3,042
6,108
3,066
Management fees
Executive Committee Expenses
7,083
2,214
(4,869)
EC Members - Rail Fare + Parking + Mileage +Fixed Expense Allowance
Conference expenses (BGCM/EC)
7,500
9,644
2,144
BGCM expenses, £22,491 worth of charges to follow in next month
Conference expenses (other)/Speakers
4,167
364
(3,803)
Gifts for Chinese Delegates in Jan 17, Ben Marshall gift
Accountancy and audit
1,750
1,946
196
Legal & Profession
1,667
0
(1,667)
DDA Compliance
0
-