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Income and expenditure

Issue date
TRADES UNION CONGRESS

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1996

Note Total 1996 £ Total 1995 £ Administration Fund £ Development Fund £ Other Funds £
INCOME
Affiliation Fees 1 b . 10,184,053 9,995,801 9,158,929 1,025,124 -
Property Rental and Service Charges 818,112 876,085 818,112 - -
Investment Income 234,617 202,128 231,875 - 2,742
Sale of Publications 67,726 147,891 46,167 21,559 -
Education Facilities 667,947 562,423 667,947 - -
Donations and Fees Received 527,260 376,709 121,556 405,704 -
Grants Receivable from Public Funds 80,856 489,575 80,856 - -
TOTAL INCOME £12,580,571 £12,650,612 £11,125,442 £1,452,387 £ 2,742
EXPENDITURE
Staff Costs 2 5,320,133 6,461,726 5,075,496 244,637 -
Property Charges 3 1,556,339 1,409,107 1,556,339 - -
Office Expenses 4 2,453,745 1,799,781 1,440,051 986,168 27,526
International Affiliation Fees 5 1,463,237 1,661,231 1,463,237 - -
Travel and Meetings 475,300 492,108 418,753 56,547 -
Congress 136,335 65,770 136,335 - -
Trade Union Education 7,728 1,078,086 7,728 - -
Grants and Donations 6 656,628 753,315 624,499 32,129 -
Depreciation 1 c . 320,920 332,740 205,630 115,290 -
Taxation 7 24,434 11,460 24,434 - -
Transfers to (from) other Funds - - - - -
VAT Recovered (127,434 ) (139,947 ) (127,434 ) - -
TOTAL EXPENDITURE £12,287,365 £13,925,377 £10,825,068 £1,434,771 £ 27,526

OPERATING SURPLUS (DEFICIT)

293,206 (1,274,765 ) 300,374 17,616 (24,784 )
Funds at 1 January 5,132,248 6,330,139 2,916,226 1,998,870 217,152
VAT Recovered in respect of past years - 22,991 - - -
Gain on Foreign Exchange 8,343 7,621 8,343 - -
Profit on Sales of Assets 210 19,761 210 - -
Profit on Disposal of Investments 129,590 26,501 129,590 - -
FUNDS EMPLOYED £5,563,597 £5,132,248 £3,354,743 £2,016,486 £192,368