Notes to the accounts 1

Issue date
19 Aug 1997
TRADES UNION CONGRESS

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 1996

1 ACCOUNTING POLICIES
a. Basis of Accounts
The Accounts have been prepared under the historical cost basis of accounting and in accordance with applicable Accounting Standards.
b. Affiliation Fee Income
Affiliation Fees are shown in the Accounts on the basis of cash receivable during the year.
c. Depreciation and Amortisation
Leasehold Property The cost plus further expenditure will be written off over the period of the lease which runs from 25 December 1981 for a term of 125 years.
Furniture and Fittings 10% per annum on cost
Equipment 20% or 25% per annum on cost as applicable.
Motor Vehicle 25% per annum on cost
Furniture, Fittings and Equipment with a nil book value at the beginning of the year have been treated as disposals.
1996 1995
£ £
2 STAFF COSTS
Salaries and National Insurance 4,206,862 4,802,419
Pension Contributions 447,161 472,839
Welfare and Training 279,882 249,835
Restructuring Costs 310,335 922,977
Advertising 75,893 13,656
£5,320,133 £6,461,726
3 PROPERTY CHARGES
Rent and Rates 470,677 368,029
Heat and Light 112,571 95,138
Cleaning 76,655 128,654
Insurance 75,207 56,141
Lifts and Maintenance 283,395 187,341
External Functions 287,834 323,804
Provision for Dilapidations 250,000 250,000
£1,556,339 £1,409,107