Financial Statement (December 2016)

 

Statement to Members

Year ending 31 December 2016

The Trade Union Reform and Employment Rights Act 1993 requires trade unions to provide their members with an Annual Statement containing financial information summarised from the Annual Return (AR21) to the Certification Officer for Trade Unions. The required information for the year ended December 31, 2016 is set out below. The full financial statements for the Union are available from the Union Accountant at Head Office.


Independent Auditors Report

On 31 May 2017, Crowe Clark Whitehill LLP, Chartered Accountants and Registered Auditors, Black Country House, Rounds Green Road, Oldbury B69 2DG reported on the AR21 as follows:

We have audited the accounts of the Union which have been prepared in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the Union's members, as a body, in accordance with the United Kingdom Trade Union and Labour Relations (Consolidation) Act 1992. Our audit work has been undertaken so that we might state to the Union’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Union’s members as a body, for our audit work, for this report, or for the opinions we have formed.


Respective responsibilities of the Council and Auditors

Trade Union law and rules of the Union require the Council to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Union and of the surplus or deficit of the Union for that year. The financial information for the Annual Return is extracted from the audited accounts. In preparing the accounts, the Council is required to:

  • select suitable accounting policies and then apply them consistently;
  • make judgements and estimates that are reasonable and prudent;
  • prepare the accounts on the going concern basis unless it is inappropriate to presume that the Union will continue in operation.

The Council is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Union and to enable it to ensure that the accounts comply with Chapter III of the United Kingdom Trade Union and Labour Relations (Consolidation) Act 1992. It is also responsible for safeguarding the assets of the Union and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have been appointed as auditor under section 33 of the Trade Union and Labour Relations (Consolidation) Act 1992 and report in accordance with section 36 of that Act.

Our Responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors.
 


Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the union’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the officers; and the overall presentation of the financial statements.

We read all the financial and non-financial information in the financial statements to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
 


Opinion on the Financial Statements

In our opinion the financial statements:

  • give a true and fair view of the state of the Union’s affairs as at 31 December 2016 and of its deficit for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Trade Union and Labour Relations (Consolidation) Act 1992.

 


Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Trade Union and Labour Relations (Consolidation) Act 1992 requires us to report to you if, in our opinion:

  • proper accounting records have not been kept;
  • a satisfactory system of control over its accounting records, cash holdings and receipts and remittances has not been maintained; or
  • the financial statements are not in agreement with the accounting records and returns.

Notes To The Accounts at 31 December 2016

POLITICAL FUND INCOME AND EXPENDITURE

The union does not contribute towards any political fund.

SALARY AND OTHER BENEFITS PAID TO EACH MEMBER OF THE COUNCIL, THE NATIONAL CHAIRMAN AND GENERAL SECRETARY


 

                                                 

2016 £

 2015  £ 

                                      

General Secretary: Salary 

64,652 

61,615 

                                       

Social Security contributions

7,803 

7,389 

                                       

Pension contribution

__ _ 1,853 

____1,818 

 

 

___74,308 

___70,822 
 

 

 


Members of the Union’s principal executive committee (The Council) do not receive salary payments, or other benefits, other than re-imbursement of reasonable expenses incurred.


Statement

A member who is concerned that some irregularity may be occurring, or have occurred, in the conduct of the financial affairs of the union may take steps with a view to investigating further, obtaining clarification and, if necessary, securing regularisation of that conduct.

The member may raise any such concern with such one or more of the following as it seems appropriate to raise it with: the officials of the union, the trustees of the property of the union, the auditor or auditors of the union, the Certification Officer (who is an independent officer appointed by the Secretary of State) and the police.

Where a member believes that the financial affairs of the union have been or are being conducted in breach of the law or in breach of rules of the union and contemplates bringing civil proceedings against the union or responsible officials or trustees, he should consider obtaining independent legal advice.


Income And Expenditure Statement

for the year ended 31 December 2016

 

 

2016 £

 

2015 £

INCOME

 

 

 

Members’ subscriptions  

1,844,932 

 

1,969,026 

Miscellaneous income

        24,437 

 

        26,553 

 

  1,869,369 

 

    1,995,579 

 

 

 

 

EXPENDITURE

 

 

 

Staffing Costs

1,116,577 

 

1,116,187 

Headquarters’ expenses       

269,166 

 

274,006 

Council and Committees        

36,393 

 

36,969 

Services to members  

404,061 

 

390,046 

Conferences

4,868 

 

6,404 

Professional charges

38,550 

 

38,320 

Finance costs

         36,016 

 

          30,378 

 

    1,954,731 

 

     1,892,310 

(Deficit)/Surplus for year

       (85,362) 

 

           103,269