60 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2023 (expressed in Barbados dollars) 32 7 Operating expenses 2023 $ 2022 $ Anniversary expenses 6,484 – Advertising 645,475 680,171 Affiliation 100,000 100,000 Amortisation of deferred expenses 485 169,454 Audit fees 645,758 615,911 Bank charges 185,925 251,863 Committee travelling allowances 182,749 187,080 Development expenses 71,666 73,167 Direct cost of services 1,961,274 815,193 Education grant and scholarship expenses 196,610 262,284 Elected Officials and Committee Training 505,371 56,161 Entertaining 35,867 35,556 Insurance 553,225 570,625 Janitorial services 971,099 1,226,146 Legacy Foundation - Donations 500,000 300,000 Legal and professional fees 3,631,118 2,758,045 Meetings and conferences 1,276,153 807,200 Membership security 5,171,725 4,500,460 Sundry expenses 22,453 48,158 National development expenses 60,000 60,000 Office stationery and supplies 231,456 604,815 Postage 108,098 201,660 Property taxes 425,967 393,465 Publicity and promotion 2,912,707 3,148,148 Regulatory fees 500,000 500,000 Rent 77,752 51,347 Repairs and maintenance 6,016,719 5,150,092 Security services 1,843,898 1,818,793 Social outreach expenses 243,020 226,397 Staff and members’ training 524,585 956,583 Utilities 1,886,362 1,658,524 31,494,001 28,227,298
RkJQdWJsaXNoZXIy MTA2MDM=