57 SEPARATE FINANCIAL STATEMENTS 2026 Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Separate Financial Statements March 31, 2026 (expressed in Barbados dollars) 32 7 Operating expenses 2026 $ 2025 $ Anniversary expenses 130,230 261,242 Advertising 961,364 654,176 Affiliation 100,000 100,000 Amortisation of deferred expenses 180 806 Audit fees 559,498 625,002 Bank charges 572,411 317,023 Committee travelling allowances 185,567 183,327 Development expenses 7,000 85,000 Direct cost of services 5,369,526 5,683,329 Education grant and scholarship expenses 247,397 265,425 Elected Officials and Committee Training 243,430 294,932 Entertaining 6,199 9,618 Insurance 683,659 703,395 Janitorial services 996,312 951,601 Legacy Foundation - Donations 300,000 300,000 Legal and professional fees 1,336,565 1,878,476 Meetings and conferences 853,290 1,111,497 Membership security 5,360,341 5,586,082 Sundry expenses 212,902 36,766 National development expenses 60,000 60,000 Office stationery and supplies 680,962 1,014,722 Postage 94,787 68,440 Property taxes 415,148 433,941 Publicity and promotion 3,647,766 4,143,830 Regulatory fees 500,000 500,000 Rent 871,782 662,975 Repairs and maintenance 6,496,843 6,829,340 Security services 2,232,723 1,867,474 Social outreach expenses 147,434 113,950 Staff and members’ training 560,303 410,397 Utilities 1,816,528 1,546,325 35,650,147 36,699,091
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