Varying fortunes at FTA
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FREIGHT Transport Associt tion profits dropped by El LOC in the last year according to ii annual report published thi week.
The unappropriated surphi dropped from £162,413 lat year to just £151,523 this yea but it is more than accounte for by a drop in income froi property.
In 1977 FTA income froi property was £59,000 but th was transformed into a £14,0( loss. During the year FTA pai £107,000 for Fyerning Hal Wadhurst and also redeveloi ment of £11,641 plus capit; works of £9,188 at Herm( House, Bristol.
But in contrast FTA natic nal executive board capit; expenditure approvals wet for only £24,000 at Decemb4 31 against £212,000 at the sarr time last year and the con mitments for capital expend ture stood at £100,423 again just £1,120 last year.
FTA income in almost a other sectors includin training and publications wt up on last year but the incorr after the deduction of dire expenses from membershi subscriptions was dow £277,000 to £250,000.
Overall the balance she showed that the FTA asse and cash has risen fro £740,349 last year to £877,8' this year.