Report - Fire Brigades Union

Section
Accounts
2010
and
Financial Statement
K1 Foreword
National treasurer’s and general secretary’s foreword
K2 Financial Statement
Accounts for the year ended 31 December 2010
The union’s Consolidated Income and Expenditure Account
details a 2010 surplus for the year of £267,644, compared to a
2009 deficit of £392,372.
The General Fund details a 2010 deficit for the year of
£293,035 (2009 – surplus of £33,082).
This is the second consecutive year in which contribution
income has decreased (2010 – £120,234 compared to 2009 –
£13,613). This is due to the continued reduction of wholetime
members.
Overall, expenditure has decreased, however, this reduction
relates mainly to union learning and accident and injury costs.
The general fund expenditure must be monitored closely with
the aim of reducing costs.
The 2010 consolidated carried forward surplus is £4,472,200
(2009 £4,206,556), however, the General Fund carried forward
deficit has increased to £956,679 (2009 – £661,644). The union
must take immediate action to reverse this trend and generate
a general fund surplus.
Matt Wrack
General Secretary
Warren Gee
National Treasurer
Statement of the executive council’s responsibilities
Trade Union Law requires the executive council to prepare
financial statements in accordance with applicable law and
United Kingdom Generally Accepted Accounting Practice for
each financial year which give a true and fair view of the state
of the union’s affairs and of the surplus or deficit of the union
for that year. In preparing those financial statements the
executive council is required to:
a) Select suitable accounting policies and then apply them
consistently;
b) Make judgements and estimates that are reasonable and
prudent;
c) State whether applicable accounting standards have been
followed;
d) Prepare the financial statements on the going concern
basis unless it is inappropriate to presume that the union
will continue to operate.
The executive council is responsible for keeping proper
accounting records and establishing and maintaining a
satisfactory system of control over the union’s records and
transactions in order to comply with the Trade Union and Labour
Relations (Consolidation) Act 1992 (Amended). It is responsible
for safeguarding the assets of the union and hence for taking
reasonable steps for the prevention and detection of fraud and
other irregularities. The executive council is also responsible for
FBU Annual Report 2011 165