Union annual financial statement

The Trade Union and Labour Relations (Consolidation) Act 1992 requires unions to provide 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 ending 31 December 2016 is set out below. For a full financial statement write to: Union Accountant, NUT, Hamilton House, Mabledon Place, London WC1H 9BD.

SUMMARY EXTRACT FROM THE ANNUAL RETURN
8 Months to August 2017
Income General Fund   Sustentation Fund   International Develop fund   Pension Reserves   Legacy Fund   Branches Fund   Stoke Rochford Fund   Benevolent Fund   Intergroup transactions   Total Excluding Political Fund   Political Fund   Total Funds
£     £   £   £   £   £   £   £       £   £   £
Subscription from members 22,207,540   289,931   202,952   -       3,190,784       60,860       25,952,067   352,866   26,304,933
Investment income 1,186,621   71,222   -   -   -   1,307               1,259,150   -   1,259,150
Other Income 956,492   361,419       -   -   20,710       23,094   219,997   1,581,712   80   1,581,792
Total Income 24,350,653   722,572   202,952   -   -   3,212,801   -   83,954   219,997   28,792,929   352,946   29,145,875
                                               
Total Expenditure (23,473,495)   (287,668)   (158,855)   (1,445,000)       (3,317,900)   (56,636)   (53,989)   (219,997)   (29,013,540)   (292,740)   (29,306,280)
  877,158   434,904 - 44,097 - (1,445,000) - -   (105,099) - (56,636) - 29,965   - - (220,611) - 60,206 - (160,405)
Transfer between funds 634,001   -   -   (854,000)   -   219,997               (2)       (2)
Surplus for the year 1,511,159   434,904   44,097   (2,299,000)   -   114,898   (56,636)   29,965   -   (220,613)   60,206   (160,407)
                                               
Funds at beginning of year 66,885,942   6,706,336   204,535   (22,989,000)   14,248   6,989,113   (1,237,850)   99,195       56,672,519   890,442   57,562,961
Funds at end of year 68,397,101   7,141,240   248,632   (25,288,000)   14,248   7,104,011   (1,294,486)   129,160       56,451,906   950,648   57,402,554

General Fund

This meets the costs of providing benefits and services to members or groups of members as entitlements.

It funds the day-to-day running costs of the Union, including property, equipment, vehicles, materials and staffing.

Subscription income shown is net of local fees. Other income derives from rent, commissions, advertising and sales.

Sustentation Fund

This is regulated by union rules. It meets costs incurred in industrial action and other campaigns to promote and protect the pay and conditions of members. Income includes 1 per cent of national subscription income.

Legacy Fund

This fund is managed in conjunction with the Teacher Support Network.

Branches Fund

Entries for this fund are the consolidated income and expenditure totals of all the Union’s divisions and associations. Income is through local fee determined at local level, together with other income generated by division or association sources from the national union.

Expenditure within the national and local rules is determined by divisions and associations themselves.

General Secretary 

2017

2016



£

Gross Salary

  66,776 

87,895

Ers NI

  7,672 

10,719

Employer's Superannuation Fund

  19,186 

8,288

Total

  93,634 

106,902

 

EXECUTIVE  IT GRANTS 2017






FORENAME

SURNAME

IT GRANT




£


JACQUELINE

BAKER



MARILYN

BATER



PAULINA 

BLACKSTOCK



ROY

BOWSER



CHRIS

BROOKSBANK



DOMINIC

BYRNE



PHIL

CLARKE



WILLIAM

CONWAY



HAZEL

DANSON



BETH

DAVIES



JESS

EDWARDS



NEIL

FODEN

464


EDWARD

GLAZIER

581


PETER

GLOVER



LINDA

GOODWIN



IAN

GRAYSON



DAVID

HARVEY



PHILIPA

HARVEY



ROBIN

HEAD



MANDY

HUDSON

460


ROB

ILLINGWORTH



SIMON

JONES



ALEX

KENNY

639


ROGER

KING

700


ANNE

LEMON



GAWAIN

LITTLE



AMANDA

MARTIN



HEATHER

MCKENZIE



IAN

MURCH



PATRICK

MURPHY



JANE

NELLIST



JOHN

PEMBERTHY



ELIZABETH

PURNELL

672


ANNETTE

PRYCE



BARBARA

REAGAN



LOUISE

REGAN



KEN

RUSTIDGE



CATHY

SMITH

570


STEFAN

SIMMS



ANNE

SWIFT



DAWN

TAYLOR



KIRI

TUNKS



GRAHAN 

WHITE



NICK

WIGMORE



JOSEPH

WYGLENDACZ





4,087


STATEMENT TO MEMBERS

NATIONAL UNION OF TEACHERS

STATEMENT TO MEMBERS ISSUED IN CONNECTION WITH THE UNION'S ANNUAL RETURN FOR THE PERIOD 31 DECEMBER 2016

AS REQUIRED BY SECTION 32 OF THE TRADE UNION AND LABOUR RELATIONS (CONSOLIDATION) ACT 1992

Income and Expenditure
The total income for the period was £45,095,448. The amount included payments of £38,794,746 in respect of membership of the union. The union's total expenditure for the period was £48,374,919. In respect of the union's political fund, its total income was £457,452 and the total expenditure was £234,695.

Salary Paid to and Other Benefits Provided to the General Secretary, President and Members of the Executive.

The General Secretary of the union was paid £87,896 in respect of salary and £8,288 in respect of benefits.

A total of £16,384 was paid to the members of the Executive in the form of IT grants.

Irregularity 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 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 the rules of the union and contemplates bringing civil proceedings against the union or responsible officials or trustees, he should consider obtaining independent legal advice.

Auditors Report