FINANCE GMB
■ GMB’s annual fi nancial statement & audit
Annual statement to the members of GMB
Year ended 31 December 2007 £’000
Total Income 92,169
Audit Report of which, Income in respect of membership 50,399
The following is reprinted from the Annual Return (AR21): Report of the
Total expenditure 51,341
Auditors to the Members of the GMB
Political Fund: Income 2,731
Expenditure 2,777
Statement of Central Executive Council’s Responsibilities
The Trade Union and Labour Relations (Consolidation) Act 1992 requires
the CEC to prepare fi nancial statements for each fi nancial year which give
Offi ce held: Gross Super Benefi ts Total Employers
a true and fair view of the state of the affairs of the Union and of the surplus
Executive Salary annuation
or defi cit of the Union for that year. In preparing those fi nancial statements
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the CEC is required to:select suitable accounting policies and then apply
£’000 £’000 £’000 £’000 £’000 £’000
them consistently; make judgements and estimates that are reasonable and B Adams 0
prudent; prepare the fi nancial accounts on the going concern basis unless it M Bartlett 0
is inappropriate to presume that the Union will continue to operate.The CEC S Bearcroft 2 2
is also responsible for keeping proper accounting records which disclose with
P Bedford 0
reasonable accuracy, at any time, the fi nancial position of the Union and to
E Blackman 0
enable them to ensure that the fi nancial statements comply with relevant
V Bloor 1 1
United Kingdom Generally Accepted Accounting Practice and the Trade
T Brennan 56 18 6 80 6
Union & Labour Relations (Consolidation) Act 1992. It must also establish
D Bruno 0
and maintain a satisfactory system of control over its accounting records, its
B Burton 2 2
cash holdings and all its receipts and remittances. It is also responsible for
S Burton 0
safeguarding the assets of the Union and hence for taking reasonable steps
S Caveney 0
for the prevention and detection of fraud and other irregularities.
J Chaplow 4 4
L Clarke 0
Report of the General Members Auditors We have examined the fi nancial
D Clements 0
statements set out on pages 1 to 24 in accordance with Rule.
K Cook 0
J Clarke
D Coulter (Deputy General Secretary) 72 23 6 7 108 8
P Perry General Member Auditor
R Crosby 0
I Burkett
K Crummy 0
E Daley 0
Independent Auditors’ Report to the Members of the GMB We have
R Darcy MBE 5 5
audited the fi nancial statements of the GMB for the year ended 31st
J Dolan 0
December 2007 which comprise the Income and Expenditure Account,
H Donaldson 55 18 5 78 6
the Balance Sheet, the Cash Flow Statement and the related notes. These
G Doolan 0
fi nancial statements have been prepared under the accounting policies
R Dunnett 19 2 21 1
set out therein. This report is made solely to the members of the Union
G Emmerson 14 14 1
as a body, in accordance with the Trade Union and Labour Relations
G Evans 0
(Consolidation) Act 1992. Our audit work has been undertaken so that
B Farr 2 2
we might state to the members those matters we are required to state to
J Faulds 0
them in an auditor’s report and for no other purpose. To the fullest extent
T Fellows 0
permitted by law, we do not accept or assume responsibility to anyone
G Ferguson 0
other than the Union and the members as a body, for our audit work, for this
K Flanagan 0
report, or for the opinions we have formed.
P Foley 0
J Foster 0
Respective Responsibilities of the Central Executive Council and
Auditors The CEC’s responsibilities for preparing the Annual Report and the
B Fraser 4 4
fi nancial statements in accordance with applicable law and relevant United
G Fraser 0
Kingdom Accounting Standards (United Kingdom Generally Accepted
A Ga r l ey 57 1 8 7 8 2 6
Accounting Practice) are set out in the Statement of the Central Executive
G Gibbs 0
Council’s Responsibilities. Our responsibility is to audit the fi nancial
P Grieve 0
statements in accordance with relevant legal and regulatory requirements
T Hall 0
and international Standards on Auditing (UK and Ireland) We report to you
A Harry MBE 0
our opinion as to whether the fi nancial statements give a true and fair view
P Hughes 0
and are properly prepared in accordance with the Trade Union and Labour
M Hutchinson 0
Relations (Consolidation) Act 1992. We also report if, in our opinion, the
B Jackson 0
General Secretary’s Report is consistent with the fi nancial statements, if
J Jones 0
the Union has not kept proper accounting records or if we have not received
K Jones 6 6
all the information and explanations we require for our audit. We read other
P Kane 0
information contained in the Annual Report and consider the implications
P Kenny (General Secretary) 81 26 8 115 9
for our report if we become aware of anyapparent misstatements within it.
M Laws 3 3
S Lee 0
Basis of Opinion We conducted our audit in accordance with International
N Lee 0
Standards on Auditing (UK and Ireland) issued by the Auditing Practices
R Lowden 0
Board. An audit includes examination, on a test basis, of evidence relevant
T Madden 0
to the amounts and disclosures in the fi nancial statements. It also includes
K Manning 3 3
an assessment of the signifi cant estimates and judgements made by
E Marnell 0
the CEC in the preparation of the fi nancial statements, and of whether
E Martin 0
the accounting policies are appropriate to the Union’s circumstances,
P McCarthy 54 18 7 79 5
consistently applied and adequately disclosed. We planned and performed
J McDonnell 0
our audit so as to obtain all the information and explanations which we
A McGivern 0
considered necessary in order to provide us with suffi cient evidence to
D McGregor 0
S McKane 0
2
give reasonable assurance that the fi nancial statements are free from
material misstatement, whether caused by fraud or other irregularity or
A McLaren 0
error. In forming our opinion, we also evaluated the overall adequacy of the
J Minnery 0
ct 199
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presentationof information in the fi nancial statements. J Morgan 55 18 7 2 82 6
C Murphy 1 1
Opinion In our opinion, the fi nancial statements give an true and fair view in P Murphy 0
accordance with relevant United Kingdom Generally Accepted Accounting J Nelson 62 18 80 7 olidation)
Practice of the state of the Union’s affairs at 31st December 2007 and of D Noble 0
L Parker 0
ons
its surplus for the year then ended and have been properly prepared in C
accordance with the Trade Union & Labour Relations (Consolidation) Act J Philbin 0
1992 and the information given in the Annual Report is consistent with the S Quigley 0
fi nancial statements. B Rankin 0
R Richardson 0
elations (
HARD DOWDY a trading style of Chantrey Vellacott DFK LLP Chartered Y Ritchie 0
Accountants & Registered Auditors23/28 Great Russell Street London T Robertson 0
WC1B 3NG 14th May 2008 R Robinson 0
M Ryan 0
Financial Affairs of the Union A member who is concerned that some M Sage (Vice President) 0
irregularity may be occurring, or have occurred, in the conduct of the L Sharp 0
fi nancial affairs of the union may take steps with a view to investigating M Shaw 0
further, obtaining clarifi cation and, if necessary, securing regularisation K Slater 1 1
of that conduct. The member may raise any such concern with such V Smart 0
one or more of the following as it seems appropriate to raise it with: the B Taylor 0
T
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ade Union and Labour R
‘offi cials of the union, the trustees of the property of the union, the auditor E Theaker 0
or auditors of the union, the Certifi cation Offi cer (who is ‘an independent
W Tonner 0
offi cer appointed by the Secretary of State) and the police. Where a
M Turner (President) 26 26 2
member believes that the fi nancial affairs of the union have been or are
R Waugh 0
ection 32A
being conducted in breach of the law or in breach of rules of the union and
R Welham 0
contemplates bringing civil proceedings against the union or responsible
P Wheatley 1 1
offi cials or trustees, he should consider obtaining independent legal advice.
W Whitfi eld 4 4
M Widdison 0
ed under S
R Wilkins 4 4
20
www.gmb.org.uk
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