UCATT ends financial year in the black

Final financial figures for the year 2004 have revealed that UCATT achieved an overall surplus of £251,000.
However, the union still has a deficit in its pension scheme.
The latest trading figure compares with a £298,000 surplus in 2003. The decline is largely down to major items of expenditure last year, which included the £148,000 cost of the biennial delegate conference plus a £175,000 investment in six special union health and safety advisers.
In his final annual report, the now retired general secretary George Brumwell said total UCATT assets at the end of last year were just over £6m - 4% up on the previous year. Total cash reserves rose by a third to £2.3m.
The accounts also showed a black hole in the union's final
salary pension scheme. Last
June, this showed a shortfall of £236,000.
Brumwell said: "A revised plan of action, calculated to correct the situation over a reasonable period of years, has been agreed with the scheme actuary. This will naturally involve an increase in the contributions paid by the union."
<25A0> A planned new super union formed by a merger between Amicus, GMB and TGWU would have a budget of £20m a year to spend on general union services, Tony Woodley, TGWU general secretary, told his union's delegate conference in Blackpool.
Woodley said the union would have 2.5 million 'lay members' who would be "in control at every level and calling the shots on every decision".