TNAG-2552-FCO40-3727-Commonwealth-War-Graves-Commission-in-Hong-Kong-1992 — Page 46

3. FUNDS Received for Special and AGENCY PURPOSES

1991

1990

£

£

Mer

Othe

Governments overnments

1,045,850

982,584

334,855

392,186

Other Authorities, Regimental Associations etc., including income

from investments (Note 8)

32,101

38,628

United Kingdom Government Grant-in-Aid Allocation for Other

Expenses

180,823

£1,593,629

141,641

£1,555,039

4. SUNDRY Receipts and PAYMENTS

These comprise funds received on behalf of and payable to the

United Kingdom Government

£5,630

£28,277

5. PAYMENTS FOR GENERAL PURPOSES

Staff Costs (salaries, wages, allowances, superannuation and other

expenses)

17,124,255

14,710,673

Horticultural Maintenance (supplies, contract payments, etc.) Structural Maintenance (supplies, contract payments, etc.) Travelling, including motor transport capital and running costs Administrative Expenses

1,947,654

1,345,766

1,511,262

1,134,177

1,931,213

1,771,072

1,728,133

1,463,958

Exchange adjustment

(485,844)

261,117

£23,756,673

£20,686,763

LESS:

Payments for Agency Purposes

(1,555,098)

(1,341,253)

Receipts, including proceeds from sales of publications, motor

vehicles, etc.

(119,919)

(132,776)

£22,081,656

£19,212,734

6. PAYMENTS for Special AND AGENCY PURPOSES

Member Governments

Other Governments

Regimental and other Memorials and other Agency Services United Kingdom Government – Other expenses

1,073,569

927,288

447,073

372,168

34,457

41,797

204,529

167,368

£1,759,628

£1,508,621

7. BALANCes at 31 MARCH

For General Purposes (including Working Balance) Special and Agency Purposes

1,079,082

838,178

(48,711)

117,287

£1,030,371

£955,465

8. INVESTMENTS

(a) The Commission holds Government and other stocks and bank

deposits, the income from which is used for the maintenance of war graves and memorials and is included in Other Investment Income (Note 2). The value of these investments and deposits at 31 March was as follows:

Book Value

Market Value

£222,533 £269,114

£200,614

£248,526

The Commission also receives interest on certain overseas bank accounts and on deposit accounts in which funds are from time to time lodged pending remittance.

(b) The Commission holds Government and other stocks, the

income from which is used for the maintenance of graves and memorials as an agency service (Note 3). The value of these investments at 31 March was as follows:

Book Value

Market Value

£104,720 £107,549

£98,580

£91,506

9. SUPERANNUATION

The Commission operates a funded superannuation scheme with benefits determined in relation to final pay. Contributions to the scheme are based upon triennial actuarial valuations and are included in staff costs. An annual report incorporating accounts of the scheme is published by the Trustees.

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