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This is a work in progress, because I only picked up the 2019 accounts from the @ElectoralCommUK website on Thursday. Summary of the 2019 accounts and income and spend from 2015-2019 #YourMoneyYourRules
I haven't seen a year-on-year analysis before, and I think its useful to see the proportions of income and spend from and to different sources and categories. I produced this by accessing the accounts from 2015 to 2019
#YourMoneyYourRules
#YourMoneyYourRules
A number of the headings in the accounts don't have notes, and so lack analysis. Particular examples of this are:
Income and Expenditure: "Other Income" £3m
Balance Sheet: "Development fund loans" £11m
Income and Expenditure: "Other Income" £3m
Balance Sheet: "Development fund loans" £11m
With assets of £40m, the Labour Party has the largest asset base of any political Party. It's turnover in 2019, at £53m, was its highest ever, and is second to the Conservative Party (£68m)
Donations are the largest category of income. Over the 5 years to 2019, donations totalled £76m, nearly all from Unions. Campaign spend over the same period totalled £43m. Meaning that donated income made a £33m contribution to the running costs of the Party
Member subscriptions are the second highest item of income, totalling £73m over the same period. Of these contributions, £15m (23%) went back to CLPs. Over the period, CLP spend was 6% of total Party spend.
The Party has two subsidiary companies referenced in the accounts, and for which not financial data is provided. Information about these companies is available on the Companies House website. They have an asset value of £9m.
