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
  2016
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   Consolidation Adj   Total Funds
  £   £   £   £   £   £   £   £       £   £   £   £
Subscription from members 33,503,423   353,156   105,947   -       4,299,678       75,473       38,337,677   457,069   -   38,794,746
Investment income 1,843,852   72,671       -   -   13,494               1,930,017           1,930,017
Other Income 1,918,544   419,294       -   -   47,931   2,756,715   26,904   310,292   5,479,680   383   (1,109,378)   4,370,685
Total Income 37,265,819   845,121   105,947   -   -   4,361,103   2,756,715   102,377   310,292   45,747,374   457,452   (1,109,378)   45,095,448
 
 
Total Expenditure (31,233,294)   (118,000)   (231,943)   517,015       (4,408,129)   (13,404,147)   (60,812)   (310,292)   (49,249,602)   (234,695)   1,109,378   (48,374,919)
  6,032,525   727,121   (125,996)   517,015   -   (47,026) - (10,647,432)   41,565   -   (3,502,228)   222,757   -   (3,279,471)
Transfer between funds (310,172)                   310,292       (120)       -           -
Surplus for the year 5,722,353   727,121   (125,996)   517,015   -   263,266   (10,647,432)   41,445   -   (3,502,228)   222,757   -   (3,279,471)
 
Funds at beginning of year 61,163,289   5,979,215   330,531   (10,671,015)   14,248   6,726,149   9,047,669   57,750       72,647,836   667,684       73,315,520
Capital reserve             (12,835,000)           361,913           (12,473,087)           (12,473,087)
Funds at end of year 66,885,642   6,706,336   204,535   (22,989,000)   14,248   6,989,415   (1,237,850)   99,195   -   56,672,521   890,441   -   57,562,962

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  2016 2015
£ £
Gross Salary  87,896  106,557
Ers NI  10,719  13,591
Employer's Superannuation Fund  8,288  43,603
Total  106,902  163,751

 

EXECUTIVE IT GRANTS 2016
FORENAME SURNAME   IT GRANT  
  £  
 JACQUELINE   BAKER    750  
 MARILYN   BATER       
 PAULINA    BLACKSTOCK    723  
 ROY   BOWSER       
 CHRIS   BROOKSBANK    748  
 DOMINIC   BYRNE    998  
 PHILLIP   CLARKE       
 HAZEL   DANSON    392  
 ANN   DAVIES    644  
 JESSICA    EDWARDS    704  
 NEIL   FODEN       
 EDWARD   GLAZIER       
 PETER   GLOVER    78  
 LINDA   GOODWIN       
 IAN   GRAYSON    750  
 PHILIPA    HARVEY       
 DAVID   HARVEY    750  
 ROBIN   HEAD    550  
 FRANCES AMANDA   HUDSON    290  
 ROBERT   ILLINGWORTH       
 ANGELA   JARDINE       
 SIMON   JONES    659  
 ALEX   KENNY       
 ROGER   KING       
 ANNE   LEMON    741  
 GAWAIN   LITTLE    350  
 AMANDA   MARTIN    768  
 HEATHER   MCKENZIE       
 IAN   MURCH    670  
 SIMON   MURCH       
 PATRICK   MURPHY       
 JANE   NELLIST    216  
 JOHN   PEMBERTHY    695  
 ELIZABETH   PURNELL    478  
 ANNETTE   PRYCE    66  
 BARBARA   REAGAN    999  
 LOUISE   REGAN       
 KENNETH   RUSTIDGE    750  
 CATHERINE   SMITH       
 STEFAN   SIMMS    105  
 ANNE   SWIFT    750  
 DAWN   TAYLOR       
 KIRI   TUNKS       
 GRAHAM   WHITE    690  
 NICHOLAS   WIGMORE    385  
 JOESPH   WYGLENDACZ    685  
         
      16,384  

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