Offer ePayslips to employees today
Payroll and HR legislation update
COMPLIANT
One day
This focused course represents the single best opportunity to be briefed and updated on changes affecting payroll.
This course covers: ● Income tax and National Insurance ● Real time information ● Statutory payments and leave ● Expenses and benefits ● Pensions reform ● Changes to employment rights ● Plus much more
Safe & Secure
Mobile App
Time Saving
No email required
HMRC Compliant
eDoc Deposit
“I think probably the biggest benefit we have from using the system is the fact that we can load various types of documents, not just ePayslips (electronic payslips) which means that an individual can
Book online at cipp.org.uk or email info@cipp.org.uk
access all finance related documents in one place.” Payroll & Pensions Manager, Northumbria Police
cipp.org.uk @CIPP_UK
https://www. edocdeposit.co.uk
CIPP AGM and accounts
T HE CIPP’S 2017 annual general meeting (AGM) took place at the CIPP offices in Arne Street, London, on 5 December 2017 to consider and, if thought fit, to pass the following resolutions: ● Approval of minutes from AGM 2016 ● To elect directors to the board ● Approval of accounts for the year ended 30 June 2017 ● Election of auditors ● Any other business. Lizabeth Lay MSc FCIPP, Stuart Hall MCIPPdip and Suzanne Gallagher MCIPP were elected as the new board members, with Cliff Vidgeon elected as pensions representative. Full profiles of the CIPP board are available on cipp.org.uk . The other resolutions were voted as follows: ● Approval of accounts – for: 238 votes, against: 3 votes
● Election of auditors – for: 240 votes, against: 7 votes. The Institute’s Directors’ report and financial statements for the twelve months to 30 June 2017 were released mid- November. Members can find the thirty- page document by visiting cipp.org.uk , clicking on ‘My CIPP’. The report reveals a change in fortune for the Institute which posted an operating profit of £138,863 for the twelve months (compared to an operating loss of £118,193 for the eighteen months to 30 June 2016). The administrative expenses for the 2016–17 year were £3,758,923 (£5,184,758 for 2015–16). The consolidated balance sheet states that for 2016–17: ● total assets less current liabilities are £719,659 (£468,493 for 2015–16) ● capital and reserves are £71,738 (minus £27,013 for 2015–16). The notes to the financial statements
show that in respect of: ● Creditors – total of amounts falling due after more than one year is £647,921 (£495,506 for 2015–16), of which £155,394 is identified as ‘Other loans’ secured against certain assets owned by the company ● Directors’ remuneration – £154, 643 is for emoluments (£36,889 in 2015–16), and £19,717 is for company contributions to defined contribution pension schemes (£7,205 in 2016–16) ● Operating profit/loss – the amount for 2016–17 is after charging £171,308 (£239,295 for 2015–16) for defined contribution pension costs ● Auditor’s remuneration – there is no fee stated as payable to the Group’s auditor ● Employees – the average monthly number of employees including directors during the year was 133 of which 70 are tutors (152 and 75, respectively, for 2015–16). ❏
| Professional in Payroll, Pensions and Reward | February 2018 | Issue 37 12
Made with FlippingBook flipbook maker