Page 25 - WMPF Here for you 2017

Income
Income Summary 2017

£650,000

Subs Member Services Investment and other Income
£379,000 £209,000 £62,000*

Investment and
other Income
£62,000
10%
32%

Member Services
£209,000

58%

Subs
£379,000

Income increased this year (£650,000 in 2017, £621,000 in 2016) mainly due to the fact
the Federation has now taken over the responsibility of the Group Insurance Scheme as
advised.
There is still a reduction in membership due to police officer numbers continuing to fall (10
per cent reduction).
Subscriptions were by far the largest contributor at 58 per cent of total income.
Member Services continue to generate income which is derived from the provision of
insurance and other products to members but saw a decrease in sales. There is an on-
going review to find ways to attract officers and staff who now use online services.
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