June 2014: Financial Report

June saw a number of differing expenses than usual which accounts for our expenditure this month seeing a slight overspend of £432.06.

On top of our usual monthly expenses of Reps costs (inc. travel and release (Central Billing), stationary, phones, internet costs and postage, June saw additional costs of 2 Death Grant payments, affiliations to Trades Councils and our quarterly lease payment for the Branch photocopier.

Further down the list of expenses you will see that we have paid £250.00 for Conference 2015. This is a deposit to secure the accommodation for next years Annual Conference. The Branch donations of £500 are as follows; the Branch agreed to sponsor CWU Area Processing Rep Ernie Orviss and Distribution MGV Driver Billy Scales £150.00 each for their forthcoming Lands End-John O’Groats cycle event in aid of the Marie Curie charity. The remaining £200.00 is donations from other Branches to Ernie and Billy’s challenge. However, those cheques were made out to the Branch, we have then had to write cheques to Marie Curie from the Branch and then bank the cheques from the donating Branches into our account. Therefore, next months expenditure sheet will show an additional income of £200.00. If you wish to make a donation to Ernie and Billy’s challenge, please email area.processing@cwue5.org and I’m sure Ernie will give you details of how you can donate.

The payments under Other Expenditure cover off our payments to the Branch Benevolent Fund and also the purchase of items including sympathy cards/get well soon cards which are used at the appropriate times.

As well as providing a report of where our money comes from and the areas in which it is spent, I will also be producing a report of the first half of this years finances which will be included in the next edition of the Branch magazine.

If you have any questions about Branch finances, please email me at cwue5treasurer@gmail.com.

Austin Goldsmith

CWU Eastern No 5

Branch Treasurer

July 2014

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