65 SEPARATE FINANCIAL STATEMENTS 2024 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2024 (expressed in Barbados dollars) 31 7 Operating expenses 2024 $ 2023 $ Anniversary expenses 166,747 6,484 Advertising 468,353 645,475 Affiliation 100,000 100,000 Amortisation of deferred expenses 273 485 Audit fees 894,337 645,758 Bank charges 729,450 185,925 Committee travelling allowances 186,497 182,749 Development expenses 157,333 71,666 Direct cost of services 3,924,583 3,848,684 Education grant and scholarship expenses 213,750 196,610 Elected Officials and Committee Training 342,040 505,371 Entertaining 6,039 35,867 Insurance 549,254 553,225 Janitorial services 935,424 971,099 Legacy Foundation - Donations 500,000 500,000 Legal and professional fees 2,383,304 1,743,708 Meetings and conferences 900,813 1,276,153 Membership security 5,818,959 5,171,725 Sundry expenses 4,898 22,453 National development expenses 60,000 60,000 Office stationery and supplies 768,867 231,456 Postage 153,481 108,098 Property taxes 342,003 425,967 Publicity and promotion 2,716,040 2,912,707 Regulatory fees 500,001 500,000 Rent 453,011 77,752 Repairs and maintenance 6,409,965 6,016,719 Security services 2,179,546 1,843,898 Social outreach expenses 226,609 243,020 Staff and members’ training 395,382 524,585 Utilities 1,587,107 1,886,362 34,074,066 31,494,001
RkJQdWJsaXNoZXIy MTA2MDM=