Non-Consolidated Annual Report 2018

45 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED | NON-CONSOLIDATED ANNUAL REPORT 2018 BARBADOS PUBLIC WORKERS' CO-OPERATIVE CREDIT UNION LIMITED Notes to the Non-consolidated Financial Statements For the year ended March 31, 2018 (Expressed in Barbados dollars) 30 6. Operating Expenses 2018 2017 Anniversary expenses $ 248,118 353,288 Advertising 596,568 622,315 Affiliation 100,000 100,000 Audit fees 144,000 183,500 Bank charges 133,184 75,269 Committee travelling allowances 120,761 120,600 Development expenses 138,609 158,834 Direct cost of services 535,473 503,531 Educational grant and scholarship expenses 390,493 342,257 Elected Officials and Committee Training 357,938 399,942 Entertaining 63,687 88,393 Insurance 480,693 373,396 Janitorial services 407,044 338,529 Legacy Foundation – Donations 200,000 100,000 Legal and professional fees 617,982 458,416 Meetings and conferences 544,835 508,521 Membership security 2,853,476 2,673,152 Sundry expenses 18,186 8,454 National development expenses 60,000 60,000 Office stationery and supplies 1,046,090 944,637 Postage 168,835 106,680 Property taxes 234,049 228,009 Publicity and promotion 3,416,187 3,134,670 Rent 785,777 960,959 Repairs and maintenance 3,755,460 3,302,058 Security services 1,269,574 956,626 Social outreach expenses 150,000 159,700 Staff and members’ training 1,457,057 811,804 Utilities 1,347,356 1,183,737 $ 21,641,432 19,257,277