Page 32 - Raco 2017

1.11 RETIREMENT BENEFITS
The regular cost of providing a defined contribution retirement pension for permanent staff and related benefits is charged to the Income and Expenditure Account over the employee’s service on the basis of a constant percentage of earnings. The cost is advised by independent advisors.
2. INCOME
An analysis of the association’s income for the year:-
2015€
347,181 47,536 2,913
397,630
2015€
397,630
2016€ Income 325,443
Members’ subscriptions Department of defence subvention Other income
Income analysed by geographical market
47,535 1,914
374,892
2016€
Ireland 374,892
3. VAT
The Association is not eligible to register for VAT. Costs incurred by the Association may include VAT, where incurred this is reflected in the cost charge in the Income and Expenditure Account or, in respect of capital items purchased, on the Balance Sheet.
4. CONSULTANCY EXPENSES
Solicitor’s retainer and fees Industrial relations
5. OPERATING SURPLUS
Operating surplus for the year is stated after charging:
Management and administration
Their aggregate remuneration comprised:
Wages and salaries Social welfare costs Pension costs
2016€
12,300 13,425
2016€
12,097
The average monthly number of persons employed by the association during the year
Depreciation of owned tangible fixed assers
2015€
22,140 15,000
2015€
12,810
2015 Number
3
2015€
88,451 4,106 3,435
95,992
HONORARY TREASURERS REPORT & AUDIT 2016
6. EMPLOYEES was:
2016 Number
3
2016€
88,457 4,107 2,504
95,068
Biennial Delegate Conference 2017
3322