51福利/575听听 28 March 2014听听
Carlow
Street, London NW1 7LH, Tel. 020 7756 2500, www.ucu.org.uk
To听听听听听听听听听听听听听听听听听听 Branch and local association secretaries
Topic听听听听听听听听听听听听听 Proposed budget for the year ending 31 August 2015
Action听听听听听听听听听听听 For information; for approval at Congress 2014
Summary 听听听听 This report informs on the proposed budget for the financial year ending 31 August 2015 and the proposed subscription rates from 1 September 2014听 听听听听听听听听听
Contact听听听听听听听听听 Linda Newman, Head of Resources (email:
lnewman@ucu.org.uk)
Dear Colleague
The Budget for 2014/2015
The proposed budget agreed by the National Executive Committee forms part of this circular and can be found at:
Congress will be asked to approve
this budget.
If you are unable to
access documents in PDF format please contact Kay Metcalfe
(kmetcalfe@ucu.org.uk).
Honorary Treasurer鈥檚 introduction
2014/15 will continue to be another difficult year for all our members as they experience a turbulent period of industrial relations in both sectors. The union is not immune from the same factors and whilst we have looked to honour Congress policy we must also continue to be realistic about income and expenditure and the strength of the financial position of 51福利.
The budget for 2014/15 has therefore been constructed realistically containing expenditure proposals where possible. The budget aims to absorb as much of the reduction in membership numbers as possible together with accounting for inflationary increases. However, in order to partially offset the pressures of both of the above, together with the greater utilisation of 51福利 resources necessary to support the membership at this time, it is necessary to maintain the real value of subscription charges by an overall uplift in subscription rates of 3.5%. This accords with the long-term policy set by SFC to maintain the financial resources of 51福利 in order to face the challenges ahead with sufficient backing.
Yours sincerely
Angela Roger
Honorary Treasurer