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Financing The Union

Coins falling in to a pile

As the largest teachers’ union in the UK, it is vital that the NASUWT manages its finances in an open and transparent manner in accordance with the Trade Union and Labour Relations (Consolidation) Act 1992, the legislation by which trade unions must operate. The legislation requires that the Union’s finances are audited annually by an independent auditor and submitted to the Certification Officer.

 



Management of local finances

The management of the local finances within the Local Association is the responsibility of the locally elected Officer group. The elected officers are responsible for devising an activity led budget which has been approved by the members of the Local Association via the democratic process. As a part of the Officer group the local treasurer has a vital role to play in the strategic development and monitoring of the budget and making reports to members on the financial health of the local association

Local Associations must have democratically agreed parameters within which any reimbursement of expenditure will be made, including who can claim for what and the rates and limits on which the claims must be based.

Whilst there are administrative processes that must be adhered to in managing Local Association finance, the Honorary Treasurer and Finance Team at headquarters work hard to ensure that Local Association officers are supported with appropriate tools to make this as straight forward as possible.

Financial Statements

Elected representatives of Local Associations to Annual Conference receive a copy of the Union’s Financial Statements in advance of Annual Conference. The Honorary Treasurer then presents the Financial Statements to a Private Session of Annual Conference and responds to any questions that have been submitted on the Financial Statements. 

NASUWT members can request a free copy of the most recent financial statement from the Union’s headquarters by e mailing finance@mail.nasuwt.org.uk or telephoning 0121 453 6150. 

The NASUWT audited financial returns can be found on the Certification Officer’s website