EC Meeting July 2017

GFTU Management Accounts YTD May 2017

Budget YTD May 17

Actual YTD May 17

Variance

Notes

Income source

Accounts Processing Services

19,583 15,217

18,416 16,361

(1,168) For shared services provided to TSSA £3,683 per month

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

1,144 Recharge for services provided- QGH: Monthly Wendy, Ian & Nila charges (4,008) Recharge for services provided- QGN: Monthly Wendy, Ian & Nila charges Contribution is for full year. No more contribution is expected in the year. New affilate 'Writer's Guild of Great Britian' joined GFTU

7,608

3,600

Contributions

66,667

191,777

125,111

Sponsorship/Commission

0

0

-

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

5,000 1,458

(5,000) (1,458)

0 0

- -

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 BM & CAM Managed Investment Income Credit Suisse

104,167

187,130

82,963

0 0

- -

Bank Interest Received

Misc Income- intercompany recharge

4,167

(4,167)

Gift Aid-GFTU Gift Aid- Albion Gift Aid-QGH

0 0 0 0 0 0 0

- - - -

Customised Course Fees

Invoices raised to delegate's for hotel exps @ BGCM & invoices for raffles & auction @ BGCM

Union Confenrance Building/ BGCM Grant/Arts Festival/Spon'ship/Project

7,780

7,780

-

Other Income

-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 15,097

42,772 12,543

2,162 Staff salaries have been split between GFTU & ET

Salary for shared Service

(2,554)

Pension

0 0

3,664

3,664

Redundancy & Severance

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 HOE Travel

458

1,400

942

0

0 0

-

Other employment costs Training and development

208

(208)

0 0

- -

Agency

0 0

Pensions Recovery Payments

29,167

(29,167)

Pension Scheme Cost

0 0

- -

Pension prior year adjustment

Total

88,398

63,266

(25,132)

Premises Rent and Rates

125

497

372

Repair and maintenance

42

55

13

Utilities

333

1,147 1,298 -1,621 2,431

814

Health and Safety

0

Fire Risk Assessments / Fire Marshal Training (28 Delegates) in Jan 17

Insurance

208

(1,829) Insurance recharge to PCS members

Depreciation

3,000

(569)

0

Total

3,708

3,807

99

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

667

48

(619)

0

292

360

68

2,636 Sage monthly fee, Tony Jonson fee, Domain renewal fee

1,250

3,886 1,813

980 Used KM Bizhub 654 Mono Copier charge

Printing & Copying Office relocation

833

0 0

Total

3,042

6,108

3,066

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

(4,869) EC Members - Rail Fare + Parking + Mileage +Fixed Expense Allowance 2,144 BGCM expenses, £22,491 worth of charges to follow in next month

7,083 7,500 4,167 1,750 1,667

2,214 9,644

364

(3,803) Gifts for Chinese Delegates in Jan 17, Ben Marshall gift

Accountancy and audit

1,946

196

Legal & Profession DDA Compliance

0

(1,667)

0

-