Annual Report 2020

Support. Grow. Succeed. Annual Report 2020

Introduction 1 10 Managing the union 25

Member Contact Centre ��25 1 Responding to the pandemic 3 Data Protection 2020 ��25 Our members at the forefront ��3 Employee salaries ��26 Speaking up for those hit hardest ��4 Schedule of investments – year ended 31 December 2020 ��27 Adapting as a union ��4 11 Other organisations 31 2 Sector round-ups 5 Charities ��31 Bectu sector ��5 Affiliations and linked organisations ��31 Energy Sector ��9 12 NEC, officers and sub-committees 33 Public Services Sector ��9 Presidential Team ��33 3 Rights at work 11 National Executive Committee ��33 Legal Cases �� 11 Campaigns and Communications Committee (CCC) ��34 Personal injury scheme �� 12 Organising, Recruitment and Education (CORE) ��34 Equal Opportunities ��34 4 Health and safety 13 Health and Safety ��34

New resources �� 13 Pensions ��34 Training �� 13 Science, engineering and sustainability advisory committee ��35 Health and safety in the energy sector �� 14 Estates Management Working Group ��35 5 Education and skills 15 Branch Rules Working Party ��35 Senior Management Team ��35 6 Equalities 17 Trustees ��35 Auditors ��35 7 Benefits and services 19 Finance and Audit ��35 Appeals Committee ��35 �� Prospect Plus 19 Defence maritime and logistics group ��35 �� Bectu Public Liability Insurance (PLI) 19 RMG National Committee ��36 �� Prospect Energy Club 20 Energy Sector Executive Committee ��36 �� Lighthouse Financial Advice 20 Bectu Sector Executive Committee: ��36 �� Death benefit 20 Public Services Sector Executive Committee ��36 Benevolent fund ��20 Asbestos and respirable crystalline silica registers ��20 13 Branches 37 Compensation Scheme for Radiation Linked Diseases ��20 14 Finance 45 8 Membership, recruitment and organisation 21 Introduction ��45 Union Week and Heart Unions Week ��22 Future plans ��46 Young Workers ��22 Risks ��46 Subscriptions ��22 Prospect accounts 2020 �� 47 9 Awards 23 Statement of responsibilities of the National Executive Committee ��48 Distinguished service award (gold) ��23 Report of the independent auditors to the members of Distinguished service award (silver) ��23 Prospect ��48 Distinguished member award ��23 Notes to the financial statements ��55 Long Service Awards ��23 Information to be provided to members under the Trade Union and Labour Relations (Consolidation) Act 1992 �� Branch Awards 23 (amended) ��68 �� Case Handler Awards 23 Schedule of subscriptions, donations and affiliation fees ��69 Personal Cases Award ��23 Individual Organising Award �� 24 Published by Prospect, April 2021 Ailsa Sparkes Young Member Award �� 24 New Prospect House, 8 Leake Street, London SE1 7NN

Equalities Awards �� 24 t 0300 600 1878 e [email protected]

Prospect annual report 2020 “We moved to exclusive remote working for staff in March 2020 and sustained operations throughout the year as changes in restrictions played out”

Mike Clancy Prospect general secretary

Introduction

It is probably fair to say that 2020 is adjusted to remote platforms; built other environments were opened. This a year we should and will not forget. new communication and engagement has been a relentless demand which Whatever challenges and successes mechanisms and looking back reached continues into 2021 as the COVID we saw as a Union, they sit in the more members directly than perhaps emergency has continued. context of the COVID loss of life; ever before. Our membership did rise to over the civic society impact which will be We supported and promoted member 150,000 by the year end, though felt for years ahead, and with due interests across the Union, but much the trend toward the end of the respect to all who have lost someone was necessarily defensive in the year was downwards, as restrictions they cared about. We have all been hardest hit areas of aviation, heritage, continued to hit membership areas. affected and we will all have opinions and the creative membership in the Our finances benefited from reduced on what can be learned from the Bectu sector. In the creative sector we activity, such as the need to cancel experience. fought hard for members in arts and national conference and the extent For Prospect it has been a year of entertainment hit by closures and in of online meetings. There is no doubt operating in constantly changing freelance, as both work dried up and we need to embed lessons for how circumstances and I can say that we many were excluded from government we work as staff and interact with handled it very well. We moved to income support. In aviation our voice representatives based on the last year, exclusive remote working for staff in on safe travel and preservation of but we also need when safe, to return March 2020 and sustained operations infrastructure for the recovery has to a proportionate engagement in throughout the year as changes in been loud and similarly for heritage person, so we can renew our spirits restrictions played out. We rapidly members who have been closed when and commitments to the membership.

Introduction – Prospect annual report 2020 • 1 Union work is people work and we both member facing and internally. and have stepped up and worked need to support each other mutually. It is obvious both from UK and tirelessly for members. international experience that legally Despite the jolt to working practises Let us hope for optimism in 2021 and and culturally unions need to review we have made progress on the project that we do build back better. and renew their policy, structure and to have an integrated membership culture and not rest easy that we have database and we continued to our own house in order such that we operate all of our transactions and can press others to improve. representation with commendable Finally, a thanks as ever to all our reach. I thank all my staff colleagues in representatives. Our ambassadors on that respect for their response. the ground who we rely on to function. Prospect General Secretary We commenced a detailed review of All of you have been through so much our Equality and Diversity strategy both personally and professionally Follow Mike on Twitter – @mikeclancy1

2 • Prospect annual report 2020 – Introduction 1 Responding to the pandemic

2020 was a year like none in living members worked to approve then memory for the union because of the Our members at monitor the roll out of the vaccine, coronavirus pandemic that began the forefront faster than nearly everywhere else at end of 2019 in Wuhan, China. in the world. As the virus arrived in the UK, from Members in branches and employers • The Health and Safety Executive mid-March it became clear that the up and do the country pulled together – members worked to keep those virus would mean a very different and worked hard to respond. No who could not stay at home safe at 2020 to the one that the union had member’s work was unimportant to work. expected. the response, and it has demonstrated • Across the rest of the public sector the need for the experts, specialists, The long-term implications of members in the Cabinet Office and skilled people we represent in the pandemic will take some time co-ordinated the response, in every corner of the economy. But here to emerge. However, the union’s the Department for Education we record some of these contributions: united response of members, enabled school reopening, in representatives, and staff during • Public Health England and public defence supported track and trace 2020 can be seen throughout this health colleagues in the devolved and cutting edge COVID research Annual Report. While the pandemic administrations – have worked to through Dstl and the Foreign, enforced physical distancing give expert counsel to government Commonwealth and Development between us, its effect was to and the nation on the public health Office to track down PPE around demonstrate the incredible value response. the world. of collective action that unions like • The Medicines and Healthcare • Our members in telecoms and Prospect represent. products Regulatory Agency – energy supported the mass move

Responding to the pandemic – Prospect annual report 2020 • 3 to working from home for much of society. • Members in the transport sector kept lifeline transport links open, particularly to ensure that vital freight like PPE and the vaccine could still reach, and be distributed, across the UK. • Members in broadcasting played a vital role in disseminating vital information in an uncertain time and battling disinformation.

Speaking up for reopening of workplaces when Adapting as a union possible. those hit hardest We stepped up our ongoing work To adapt to the health emergency branches and representatives Sadly, the sectors some of our around health and safety at work, adapted to moving their activity to be members work in have been incredibly to argue for more resources for the primarily digital in 2020, using a range hard hit by the economic repercussions Health and Safety Executive (HSE). of platforms to engage with members, of the pandemic. We have repeatedly Since 2010 the budget of the HSE prospective members, and employers. lobbied for more support for sectors, has been cut by over 50% in real The National Executive Committee like aviation, heritage and theatres terms and there are now more MPs has been able to meet, by taking which have been substantially closed, in Westminster than there are front advantage of digital technology for during the pandemic. line inspectors at the HSE. Although the first time. the government provided some Early engagement by Prospect short-term financial support in light Prospect launched the Prospect Live as part of the TUC delivered two of the pandemic, it did not made the and Bectu Live series of webinars, lifeline job support schemes by the which have been incredibly successful, UK government – the Coronavirus commitment to sustained investment with several thousand members Job Retention Scheme (furlough) for that was needed. Prospect continued logging on throughout the year. employees and the Self-Employed to speak up on this issue throughout Income Support Scheme for some the year given its importance in An inaugural Rep’s Fortnight aimed freelance and self-employed keeping all workers safe. to share best practice and equip representatives with the digital skills members. And pressure from unions Our work on the right to disconnect saw them extended from an initial necessary to maintain engagement was prompted by reports from three months to cover the whole of where members were working members that maintaining work life the rest of the year. Unfortunately, remotely. Our annual Union Week balance was becoming increasingly too many members fell between the took place largely online. difficult when working primarily from cracks of both schemes, particularly home. The right to disconnect is about Staff worked on both a fully remote in the Bectu sector, and the union defining how technology affects us and blended basis to support the has been tireless in calling for help for union and advise members through an and ensuring a fair work-life balance. those excluded from support. incredibly busy and for many members It builds on our values of ensuring that unfamiliar and uncertain period. Our In the autumn we establish the Inquiry flexibility works for workers as well as Member Contact Centre remained on the Future of Self Employment employers. In some countries they have available to support members by alongside the trade union Community legislated to encourage this approach, telephone and email right throughout and the Federation of Small Business. in other places unions have negotiated the year. Staff have adopted a This Inquiry engaged with thousands for better working conditions. In range of new cloud-based digital of self-employed and freelance 2020 Prospect launched a new guide tools internally to streamline ways of workers to make practical suggestions that looked at different approaches working and provide the best possible for policy change, that will be taken to the right to disconnect and how support to members. Staff worked forward in our policy work in 2021. we can ensure unions are involved in hard to make sure that our own We have also campaigned around safeguarding workers’ well-being and offices were COVID-secure for when a right to disconnect for workers rights as new technology changes how colleagues needed to and were able to working remotely and for the safe we work. use them.

4 • Prospect annual report 2020 – Responding to the pandemic 2 Sector round-ups

highlight the plight of these members of racism in the industry in the media Bectu sector and argue for support. followed.

The whole of the Bectu sector was hit The union has met extensively with This prompted the union to incredibly hard by the coronavirus pan- politicians of all parties, to put commission ‘Race to be Heard: Racism demic. The initial lockdown saw much of forward members concerns in this Reporting Body for UK Broadcasting the industry closed for several months. area, including working closely with sector’ by respected producer and With the engagement of the union the All Party Parliamentary Group on academic Marcus Ryder MBE. The some reopening was possible, with Gaps in Support among others. report recommends establishing significant adaptations, for some areas an industry-wide body which can A successful Panto Parade and from the summer. However, some areas, gather reports of racism, initiate evening light show was organised for example theatres and live events investigations into issues of systemic in October 2020 which attracted remained closed for the rest of the year. racism, offer advice and assistance, extensive media attention. and to publish an annual report on the While many members were able to be There was a renewed focus on diversity state of racism in the industry. furloughed or were able to access the in the industry following the shocking SEISS scheme, there were thousands death of George Floyd in the United Arts and Entertainment (A&E) of workers across the who did not get States and the Black Lives Matter A key focus was ensuring employers any help from the government. This protests that followed from it. In the maximise the Job Retention Scheme was despite endless lobbying and industry the powerful MacTaggart and furlough as many people as campaigning from Bectu and Prospect lecture given by David Olusoga at the possible, due to widespread closures in alongside other organisations, to Edinburgh TV Festival and reports the sector because of the pandemic.

Sector round-ups – Prospect annual report 2020 • 5 October 2020 – Members attended a successful Panto Parade in protest of lack of Government funding for the sector during the pandemic

This also resulted in some temporary variations to local house agreements being agreed, including pay freezes, reductions in hours and pay and temporary suspension of some premium payments. Following weeks of discussions, a temporary variation of the Society Of London Theatres/ Bectu Agreement was accepted by members.

We have concentrated especially on recruiting and organising staff touring productions around the UK and LINSDELL PROSPECT/NICK have established a new enthusiastic Touring Branch. Building on the Live Events Network launched in 2019 we now have new and vibrant Live Events branches in London, North of England and Scotland.

Cinemas were also instructed to close their doors and most workers the end of the financial year 2021/22 is at risk of redundancy. These plans were furloughed. We have built a as part of £800m savings it had are being shared with the unions for relationship with the UK Cinemas previously agreed to deliver. By mid- final sign off. summer the BBC announced a need Association and endorsed the Cinemas COVID-19 Health and Safety Return to Work to make a further £125m savings Across the BBC, production was Guidance. When cinemas reopened, during the financial year caused by the additional strain of deferring the affected when the pandemic hit. BBC they faced a different challenge, lack collection of payment of the licence News output has proved vital as a of product. With blockbuster releases fee from those aged over-74 and the trusted source of information with delayed, cinema struggled to attract cost of adaptations made during the national and regional news achieving audiences and, prior to the second pandemic. ‘Transforming England’ large increases in audiences and the lockdown in November, some were proposals contribute £25 million work of members in News being widely operating reduced opening hours while savings towards the £125 million BBC praised in helping to keep the public Cineworld and Picturehouse closed all deficit. This has meant the closure informed. Children and Education its UK venues. of ‘Inside Out’ and the loss of 450 pulled out all the stops to provide BBC posts across the English Regions. In educational programmes for those addition, largescale restructures in home schooling. Pay areas such as News and Radio were Thanks to Bectu lobbying, BBC proposed. The level of savings needed April pay negotiations in 2020 Studios were able to access the caused BBC Public Service to offer were deferred due to the financial government furlough scheme and voluntary redundancy (VR) across uncertainty during the pandemic. we worked with them to ensure as the organisation in the hope that the Subsequently, in November 2020, many freelancers as possible could target can be achieved by voluntary the BBC imposed a pay freeze due receive payments under the set means. to the BBC’s financial situation. criteria. Unfortunately, this still The BBC committed to a fair pay Over the Autumn, VR requests were left many PAYE freelancers with no review and an additional day’s leave assessed by the Pan-BBC Business support at all. In July 2020, BBC Public in recognition of the work people Development Group to work out Service put in place financial support have accomplished during extremely which roles could be discontinued, arrangements for PAYE freelancers difficult circumstances. where requests could not be agreed who had previously had a reasonable due to the skillset and operational expectation of BBC work during Cost savings requirement for postholders, or where March, April, and May. Payments were At the start of 2020 the BBC had roles were required but individuals in line with the government furlough significant savings still to accrue by could be swapped with someone who scheme.

6 • Prospect annual report 2020 – Sector round-ups PROSPECT/NICK LINSDELL PROSPECT/NICK Apart from business-critical The union also lobbied as part of a operations most staff worked from wider coalition around the SEISS with home until the end of 2020. Permanent some successes, with large numbers of staff on furlough have received 100% the union’s very active reps channelled of pay. However, PAYE Freelancers existing, and prospective members and Employees re-engaged or towards the union’s offers of support. extended for the purpose of furlough Our ability to gather large amounts were removed from the end of August, of information from members as costs increased. quickly was very valuable to workers throughout the industry. Within STV relationships have continued to be relatively stable. The Plotting the ‘Return to branch negotiated a 2% increase on Work’ in film & TV all salaries for 2020 and there has Among the many activities Bectu continued to be ongoing successes members engaged in during the spring in securing pay progression through lockdown was the establishment of the salary bands for members. When working groups, and documents on the COVID lockdown took effect, the safe working in film and TV. Bectu branch quickly agreed with STV that represented the workforce on the there should be widespread use of the British Film Commission taskforce CJRS for all permanent, temporary, on re-opening the industry. Bectu and fixed term contract workers members also developed the most engaged at that time. STV utilised comprehensive guidance around the scheme to the maximum possible Throughout the pandemic Bectu COVID-19 Safe Working principles. extent until production work was worked with the BBC to tackle Initial work focussed on feature film restarted. matters of safety and wellbeing. and High End TV (HETV) with the We ensured access to Exceptional Late in 2020 the branch negotiated involvement of many branches. Leave on full pay for those who improvement to the local agreement This was followed by a similar couldn’t work from home, those who on premium public holidays which exercise in Factual and were shielding or who had caring resolved an issue that some staff had Entertainment TV with the union responsibilities while schools were been affected by in recent years. closed. We discussed safe working also being consulted on Advertising in the home and the workplace for At ITN a pay award was agreed giving and Post-Production standards. those who had to attend. At the tiered increases weighted in favour of A large group of members – too height of the pandemic, we achieved the lower paid. During the pandemic numerous to mention here – gave flexibility in policies to support ITN have been operating as normal up many hours of their time to with few staff furloughed. The news wellbeing such as access to taxis, ensure that their colleagues could contracts are more stable than those hotels, and additional car parking return to work as quickly as possible in ITN Productions. to reduce travel on public transport. at the end of the initial lockdown without compromising the safety of We agreed COVID-safe practices London Production and themselves and their families. for on working on productions Regional Production and measures for emerging from LPD and RPD reps then turned their 2020 has been a hugely challenging lockdown. attention to establishing baseline year for members in the London principles on working terms and Independent Broadcast Production Division (LPD). In March, conditions when – as anticipated a very high proportion the division’s, At ITV a pay award was agreed in – some employers were prepared mostly freelance, membership lost late 2019 and a 2.25% increase was to use the desperation around their jobs. applied from January 2020. The returning to work to impose one- COVID crisis through the rest of Many ‘PAYE Freelancers’ found sided contracts on the workers 2020 had a severe impact on ITV’s themselves between jobs when the concerned. The union established trading conditions and finances. ITV crucial cut-off date for qualification a set of norms that members could Studios revenue went down by 17% to the Coronavirus Job Retention ask and there were some successes and advertising revenue decreased Scheme (CJRS) happened and the in getting them applied, producing by 43%. This only served to accelerate union successfully lobbied to get more comprehensive guidance to the structural decline in linear freelancers included by getting more members on all aspects of the return transmission advertising revenues. flexibility on the qualification dates. to work.

Sector round-ups – Prospect annual report 2020 • 7 BT a bonus and the vast majority did Finally, through all the above receive an award in June 2020. turbulence the union has continued The past two years have seen a to be successful in preventing anyone continuation of a very difficult There remain deep concerns over the from being made compulsorily bargaining environment in BT. Indeed, lack of transparency within the BT redundant. This is largely down to the big structural and organisational pay system. The introduction of the the guarantees that we negotiated changes heralded by the company in People Framework Career Levels has within the Reorganisation Policy, that 2018 have now been introduced or are effectively seen the disbandment of everyone ‘at risk’ of redundancy would in the process of being implemented. a grading system that recognised have the right to opt for enhanced By far the biggest change for our specific roles. The framework has seen voluntary redundancy terms. The members is the Better Workplace the introduction of wide pay-bands union has also been successful Programme, which will see the and it is now difficult for the union in convincing the company that company reducing their UK footprint to identify where members sit within members should be able to work their from over 300 locations to around those bands. However, the union have notice in order to help with securing 30. Furthermore, this programme been successful in gaining increases alternative roles. has continued despite the ongoing in the minimum and maximum of the pandemic and BT will look very pay-bands during 2020. Better Workplace Programme different, geographically, when many Job Cuts, Redundancies and BT is undergoing a huge structural members eventually return to the Redundancy Terms and geographical change under the office in 2021. auspices of the Better Workplace While the 13,000 reduction in During the COVID-19 pandemic Programme. During 2020 this manager numbers announced in 2018 there has been very little disruption programme has begun to implement has not come to pass there have been to the BT business. The vast majority tangible changes, with the closure of a steady number of redundancies, in of members have moved to home- smaller sites across the UK and the the hundreds, over the past two years. working and the company have relocation of employees to larger sites not furloughed any members of The redundancies that have taken in strategic locations. staff. There have been considerable place have largely been a result The programme has had a surreal challenges for the union in adapting of the introduction of People quality for many members, given that the way we work and interact with the Framework Career Levels. By far the they have been consulted on their business, not least from a recruitment most controversial aspect of this office closing and being assigned to a and organising perspective. However, programme was the decision by BT new location while continuing to work our members in BT have a great deal to impose pay cuts on those who fell from home during the pandemic. of experience in using digital platforms outside of the top of the range when and this has enabled the union to they were assigned a career level. This Digital Division engage with them and maintain decision to implement pay cuts was Despite the fragmented nature of our contact during the pandemic. a harbinger of BT’s more aggressive approach to employee relations. membership in the division the union Pay Our representatives fought stoically has been successful in making gains for members in those areas where we In 2019/20 members of the union had on behalf of members to gain them have recognition. The largest of these agreed a 2.5% headline increase. exemptions from these cuts. However, is Telefónica O2 and increases in pay This was part of a two-year deal that several managers left the business, above inflation have been negotiated had been struck after a dispute over with settlements, rather than accept a in both 2019 and 2020. There may well the company’s decision to impose a reduction in pay. be sterner challenges ahead, given the pay freeze in 2017. Unfortunately, In May 2020 the company announced proposed merger of Telefónica and history repeated itself in 2020 when a review of redundancy terms with Liberty Global (the owners of Virgin the company once again announced the intention to introduce a single Media). Like their colleagues in BT our that there would be a nil pay award set of terms covering both managers members in Telefónica have continued for managers. The company cited the and team members, replacing to work throughout the pandemic to pandemic and business uncertainty seven schemes that the company keep the country connected as a reason for this decision, yet currently operate. By far the most controversially then agreed a controversial aspect of the proposed We are also organised within the 1.5% increase for team members new terms is the reduction of the cap O2 call centres and those of Tesco represented by the CWU. The on redundancy pay from two year’s Mobile, with these contracts being company claimed that their decision salary to one year. Both Prospect managed by Capita. Whilst we were on pay was influenced by the fact that and the CWU have signalled outright able to achieve a 2% pay increase for managers would continue to receive opposition to these changes. members in 2019, negotiations in 2020

8 • Prospect annual report 2020 – Sector round-ups were overshadowed by the pandemic Ofgem directors for a more concerted has included meetings with Energy and a decision by Capita to focus any focus on workforce resilience, Ministers, Opposition spokespeople pay increases on the adviser, rather engaging in several meetings on this and other stakeholder groups. than manager population. issue, and for a proactive approach Sue Ferns has continued to represent to skills development, not least in In Ericsson we were able to negotiate Prospect at the Skills Strategy anticipation of net zero requirements. a pay rise in 2020 for Field Service Group (NSSG) and the Nuclear Operators (FSOs). However, Prospect’s presence in the renewables Decommissioning Authority’s ED&I subsequently this group of workers sector was enhanced during the Council, and Mike Clancy continues were transferred to BT where FSOs year, supported by a programme of to represent Prospect on the Nuclear are represented by the CWU. This webinars on relevant themes, running Industry Council. An energy sector will inevitably have an impact on our through from August to December. ED&I working group, convened in membership presence in this cohort. Practical support has been provided the autumn, should help to further to members affected by the closure of strengthen Prospect’s contribution to Outside of recognised areas the thermal generation facilities, assisting ED&I across all parts of the sector. union’s largest presence is Vodafone. some to move into the renewables Unfortunately, the employer has 2000 was a hugely demanding year sector. shown no signs of relaxing its for our members working across the hostile approach to the union and This industrial work has been public sector. 2019 and early 2020 engagement remains limited. bolstered by policy initiatives were dominated by the politics of including publication of new Prospect Brexit with the civil service being Energy Sector pamphlets on ‘A green recovery for the subject to unwarranted political energy sector’ and ‘A just transition attacks and a huge workload in 2020 was a year of further change, plan for the UK power sector’. In preparing the country. Prospect uncertainty, and pressure across the addition, Prospect worked with was at the forefront of defending energy sector. Community union and with support members and highlighting the vital from the Alex Ferry Foundation to work they were doing in supporting the The first coronavirus lockdown in publish a report on Just Transition government, citizens, and the country. the spring necessitated changes comparing experiences in the UK’s to working practices to ensure the steel and coal-fired generation sectors Public Services Sector safety of members working on critical with international approaches. In national infrastructure. This was November Sue Ferns gave evidence The onset of the pandemic has had achieved in close consultation with to the Environmental Audit Select a dramatic effect on our members, employers, the Energy Networks Committee on the potential for a their work and how they work. Association (ENA) and Energy green recovery. Prospect worked closely with the UK. Good levels of communication Cabinet Office, employers, and the throughout the year have continued On the nuclear side, there were governments of the UK to ensure into 2021 as the UK has adapted to a growing concerns about the that essential public services have further period of lockdown in the wake Government’s commitment to continued to be delivered. Within of new COVID-19 variants. developing new nuclear capacity, exacerbated by prolonged delays to days over 80% of our members were All activities have been underpinned the publication of the Energy White working from home as a result of by results from the Energy Sector’s Paper. In the event, this was preceded the national lockdown. Due to the annual membership survey and by by the Prime Minister’s 10-point plan essential nature of the work many of surveys of members’ experiences for a green industrial revolution. When our members do- often safety critical- during lockdown periods. These have eventually published in November, a significant number of members revealed high levels of work pressure, the Energy White Paper confirmed could not work from home or work patterns of fatigue and concerns government support in principle to exclusively from home. A key priority about the impact of some new ways new nuclear build as part of a whole for us was wherever members work- of working, for example for work-life systems approach to decarbonising they should be safe and supported. balance. power supply. However, the wait Prospect is proud of what we were able to achieve over the period of Prospect submitted evidence to for measures to implement these the pandemic in ensuring the safety Ofgem on the workload requirements commitments continues, leading to of members and that they felt during COVID-19, implications of growing pressure of the viability of supported. transmission and distribution price the Horizon project, the future of UK control reviews, and pressures on the nuclear fuel manufacturing, and the Many Prospect members have been retail sector. Unions have lobbied financing mechanism for Sizewell at the forefront of dealing with the C. An active lobbying programme

Sector round-ups – Prospect annual report 2020 • 9 pandemic in areas such as PHE, Pay Prospect sought a Judicial Review DHSC, and the HSE. Others such as which the Government initially Prior to the Spending Review those working in forensics have been contested. In February 2021 the announcement in November 2020 critical to the continued functioning government conceded their legal case for the coming year – there had been of the criminal justice system, our before it got to court and individuals a gradual loosening up of the pay members in MOD have ensured the who were made redundant with the restraint that had been the hallmark UKs defence and security has not cap applying are being compensated. of the previous decade. Over that been compromised. Our members in This was a significant legal victory time, increases fell increasingly regulation in ONR and DEFRA and the for Prospect, other unions and our behind not only inflation but also Environment Agency have been key members. pay increases in the private sector. In to ensuring the safety and protection the Spending Review the Chancellor of citizens and our members working Pensions announced that there would be a in transport have literally kept the Against the background off the public sector pay freeze for the pay country moving and safe. At the same McCloud and Sargeant legal year 2021 (with the exception of the time our members working at the judgement we have been successful NHS). There has been no guarantee cutting edge of climate change and in arguing for restitution for staff that the “pause” (as he presented it) scientific research are at the forefront covered by the remedy period. will be limited to one year. Prospect of dealing with some of the greatest Additionally, we have been successful responded robustly to the Chancellor’s challenges that face the UK nationally in arguing that staff do not need to announcement, stating that ruling and internationally. make an immediate choice – but make out even modest pay increases was decisions about their pension provision The pandemic has highlighted economically illiterate at a time when choices when they choose to draw the importance of the work of our the economy desperately needed down on their benefits. This ensures members- with the need for specialist confidence and demand, ignored the that they are best placed and able to and Science, Technology, Engineering real terms pay cuts members had make an informed choice. Prospect and Maths (STEM) skills be at the endured over the previous decade has also welcomed the commitment heart of policy development, delivery and the Chancellor was misleading made by the Government that and evaluation. Ministers who once in the impression he gave as to what Prospect had been pressing for in castigated the role of experts now was happening to pay in the private terms of an ongoing commitment to seek to quote them to justify the sector and that public servants would the pension arrangements of Alpha political decisions they make. The still receive progression increases. negotiated by Prospect and a number pandemic has also highlighted the In marked contrast – the Scottish of other unions. fragility of our public services after Government is taking a far more a decade of austerity – with demand progressive approach to pay. We Diversity and Inclusion outstripping already stretched continue to campaign, lobby, work resources in areas such as the HSE. with the TUC, challenge employers The Me Too movement and Black The pandemic has also highlighted the and brief MPs on the issue of pay. Lives Matter continue to highlight fragility of the funding structure for our the need to press for equality for all arts and heritage sector and Prospect £95k cap on severance both within workplace and across payments – legal challenge has been at the lead in terms of arguing society. Both centrally and with for government support, using furlough The government sought to legislate employers we continue highlight the to support staff and organisations to cap severance payments across need to work together to ensure that and seeking to avoid compulsory the public sector in November 2020. equality at work becomes a reality redundancies. The pandemic has Prospect had argued that this crude and not simply a slogan or vague highlighted the fact that a strong measure would impact not solely on aspiration. Disparities continue in economy needs a strong public sector “fat cats” as suggested by the by the terms of appraisal markings, grade – it is not a binary choice as some would government but also on relatively distribution, recruitment and pay. suggest – but a virtuous circle. low paid public servants with long Prospect is pressing for a more service – particularly where pension granular approach to addressing strain costs were taken into account. these issues in a practical and meaningful way.

10 • Prospect annual report 2020 – Sector round-ups 3 Rights at work

Rights at work during 2020 were with a significant number of cases of cases have been pursued through dominated by the impact of the successfully settled for compensation the Employment Tribunals. 47 new pandemic, with thousands of our during the year. tribunal claims were presented during members being furloughed, placed the year. A key part of the legal team’s work on short time working or lay-off, is to keep the union’s officers and During 2020 we recovered and faced with redundancy. During representatives informed on the over £960,000 for members as the year Prospect’s legal team law. During the year, the team compensation in employment law grappled with the complexity of the produced several briefings on cases taken through the employment ever-changing job retention scheme legal developments related to the tribunal or court. and key issues for members around pandemic and other issues. We also asserting health and safety rights and The compensation recovered was presented 47 webinars for members redundancies. particularly high this year because and reps on employment law. it included over £467,000 for a long The usual work on providing advice running breach of contract claim to members on a range of issues from Legal Cases against the MOD. This case for failure contract disputes to discrimination to pay an allowance for 32 members at work continued. The previous We have provided advice and had started in 2013 and eventually delays to tribunal proceedings assistance to members on a settled in October 2020. were exacerbated during 2020 with wide range of employment law many cases postponed. However, issues, including unfair dismissal, we also saw an increased appetite discrimination at work, redundancy from employers to settle cases, and contractual disputes. A number

Rights at work – Prospect annual report 2020 • 11 Personal injury scheme

Over £4 million was recovered in compensation for members with personal injury claims in 2020. The amounts in each individual case vary enormously depending on the nature of the injury and claim.

There were 183 new applications for legal advice in respect of personal injury in 2020. The types of cases include asbestos related illnesses, stress, repetitive strain injury, occupational diseases, and accidents at work.

The Prospect guide to legal advice describes the full range of advice and assistance available and the conditions of the service.

12 • Prospect annual report 2020 – Rights at work 4 Health and safety

Health and safety has always been regulation and enforcement, which and promoting mental health in the a priority issue for Prospect, but it has been brought into sharp relief by workplace. was especially the case during the the pandemic. coronavirus pandemic. Throughout Training the pandemic, Prospect provided New resources advice and assistance to members and The pandemic forced us to cancel representatives, including legal advice We produced COVID guidance early face-to-face training delivered and representation, when they needed in the pandemic, at a stage when through the national education support. case numbers were still limited in the programme. However, we revised and Prospect has more than 1,000 health UK. This was kept under review and restructured the classroom-based and safety representatives who regularly revised in line with evolving health and safety representative demonstrate their commitment science and government guidance. training course so that it could be to protecting colleagues’ lives by It underwent a major overhaul when delivered online. This new course was volunteering for this key role. They the first lockdown was eased, and launched in September 2020, and we played a vital role throughout the additional resources were added have trained dozens of new health and pandemic in supporting members and over the course of the year on issues safety reps since then. including ventilation, long-COVID negotiating improvements to working We also developed a training module and tackling disparities in risk across practices and risk assessments. on COVID risk assessment to support demographic groups. We continued to highlight the vital reps in discussions with their employer. work of the Health and Safety Additionally, we released a revised Executive and campaign for effective members’ guides on remote working

Health and safety – Prospect annual report 2020 • 13 Health and safety in the energy sector

Prospect continued to be a key stakeholder in the energy sector’s national health and safety committee – including regular joint meetings to address COVID-19 – and the pan- industry campaign called “Powering Improvement”.

Along with the other stakeholders, Prospect agreed a new work plan for Powering Improvement until 2025, which will address issues including fatigue and stress. We have continued to support the roll out the findings of the report, commissioned in 2019, into human and organisational factors in the industry.

Sue Ferns, Prospect senior deputy general secretary, become chair of the national HESAC, and spoke at the launch of the Powering Improvement work plan in early 2021, setting out the trade union view on priorities in the years ahead.

14 • Prospect annual report 2020 – Health and safety 5 Education and skills

2020 saw the education and skills to expand the core online courses with face-to-face delivery to online. As a training programs move from the a pilot negotiations skill course. devolved policy matter, each Nation’s traditional face-to-face delivery to a administration has identified its The union is also exploring a digital-first approach. own skill priorities and expenditure partnership approach to refresh and programs, which corresponds with Whilst the year started with a series of expand our representative training what and how the respective projects face-to-face courses, refreshed course support. In November - December have delivered. The precarious nature content and a regional delivery mode; 2020, a pilot online skills project with of external funding meant that in within a month of the lockdown Reps Co-operative College was undertaken. England the team restructured in 1 core training was being delivered The pilot consisted of the delivery of early April and was delivering a online, with Reps 2 following in June 3 courses in the format of 6 ½ day “digital first” bitesize program of 2020. With the support of a number sessions covering: diverse courses by May 2021 for of organisers the program was able • Making your Mark in meetings members in the creative and cultural to scale up over the remaining year • Leading Effective Meetings industries, industries decimated by so that by end of December 2020, a • Effective Communications COVID. In addition to the bitesize total of 355 reps had completed Reps online sessions, the team developed 1 and a further 136 had completed A total of 57 out of 70 members and delivered a mentoring training Reps 2. Towards the latter part of attended one of more the online and for new entrants to the creative 2020 the Team had augmented the sessions. industries, 11 mentors supporting 16 core training with a “Train the Trainer” The externally funded skills project mentees, plus two Branch specific programme for colleagues, involving and vocational programs similarly mentoring pilots (Hair, Make Up & 36 members of staff and plans in place underwent a rapid transition from Prosthetics & ATSS).

Education and skills – Prospect annual report 2020 • 15 4,510 learning interventions were to attend a conversion course with • With disability: 221 (7%) achieved from the 250 plus courses the potential to work within Film & • with 2216 (75%) educated to level 6 delivered between May-December, TV. In addition, the Union’s IOSH and above including bespoke sessions on “Safe accredited health and safety course Two further devolved nation funded COVID return to work” in creative for freelancers, CRISP was approved projects have continued – that of industries, ISOH accredited CRISP for online delivery. By December 2020, Bectu Vision in Scotland and Cult courses; 2 “Big Crew Move” events 287 people had undertaken the level 2 Cymru in Wales. In Scotland this to support members in Bectu’s Arts accredited course. has enabled 133 short courses and and Entertainment Division (A&E) 85% of learners have undertaken events providing 2,033 training places transfer into Film & TV within London their learning since May 2020, when and engagements to supporting and South-East region and host of support moved online. The profile of the safety, wellbeing and skills technical and craft, wellbeing, digital users has been: development of workers in Scotland. and professional career skills courses. • Male: 1,293 (39%); Female 2,031 Whilst in Cult Cymru supported The two Big Crew Move events (61%) almost 1,000 people, 160 completed resulted in 15 members from an A&E • 16-24: 291 (9%); 25-49: 2,090 (61%); accredited learning, 50 mentors background having the opportunity 50+: 1008 (30%) trained and 100 creatives mentored.

16 • Prospect annual report 2020 – Education and skills 6 Equalities

Prospect’s equalities networks and of training for the entire workforce. Wade, we are looking at how we policy work were an integral part of The government recently can make better use of our existing the union’s programme over the year. announced the introduction training resources to reach more Working with the Equal Opportunities of a code of practice on sexual branches, including the potential Advisory Committee (EOAC) and harassment, which is published for a ‘Train the Trainers’ course and branches, organisers and officials, we by Equality and Human Rights awareness training in 2021. looked at how to extend our impact Commission. This follows a round • Disability resource pack – The with employers and increase diversity table discussion with trade union union recently published a new within our membership. affiliates and other campaigning disability resource book. A training organisations. Although we do not package to support these materials Some of the highlights of 2019 include: think the code of practice goes will be developed in 2021. • Sexual harassment – Building far enough in some places, it does • Personal Protective Equipment on our landmark 2018 survey into include some suggestions from survey – A survey of members sexual harassment and workplace trade union affiliates. about their Personal Protective behaviours, we organised further • Neurodiversity – The Equipment was launched towards branch training events and neurodiversity resources on the the end of 2019. A similar survey supported reps looking for advice website were updated with new in 2016 generated thousands of and guidance. Training was introductory materials produced responses and helped to focus delivered in the following branches: to enable reps to engage members attention on the challenges that Archaeology, NATS, Parliamentary. and employers on the issue. With many members, especially women, In addition, it was agreed with help and support from the EOAC face because one size does not fit all. LLWR management a programme working group, convened by Ele

Equalities – Prospect annual report 2020 • 17 • Black, Asian and minority • Bectu approached the ethnic work – A network of Department for Work and those who attended leadership Pensions and jointly had a training courses was established discussion with Job Centre Plus. in order to share information and This led to the creation of a new encourage activist involvement. partnership in which London As a result, a number of new reps theatre employers were given were nominated to the TUC Black a single email address to send workers’ conference. details of their vacancies, and A resource pack was published upon receipt the vacancy would during Black History Month which be circulated across London’s provides practical guidance and network of job centres, with BAME best practice case studies. applications encouraged. As a • LGBT+ work – Prospect’s LGBT+ result, unemployed people have network continued to be one of begun gaining employment in West our fastest growing and active End theatres. member networks. The network This prototype was then rolled out works closely with Bectu’s LGBT+ in Wales and bilateral work, which committee to share resources and had not been in place before, is campaigning information where now ongoing between Cardiff job appropriate. Prospect and Bectu centres and local employers. marched together at London Pride • Bectu is also working on setting which was held to mark the 50th up new links between the theatre anniversary of the Stonewall riots. employers and BAME arts We supported many community organisations in order to extend Pride events and worked with employment opportunities to branches to ensure union support BAME workers in related fields. at these local events. We continued to provide branch training in LGBT+ awareness and worked with network members to introduce more equality-based publicity. • Theatre Diversity Action Plan – Following the launch of the Theatre Diversity Action Plan attended by the Mayor of London in November 2018, more than 130 theatres across England, Scotland and Wales had signed up to the plan by mid-2019, including virtually all West End theatres in London. In June a bilingual action plan was launched in the Senedd, the National Assembly for Wales, in Cardiff with deputy minister for culture Dafyyd Elis-Thomas as the guest speaker. Almost 30 organisations in Wales are now signatories to the action plan. Having achieved unprecedented levels of support for the action plan, the next stage was to assist theatres to increase the number of BAME applications for jobs and casual work.

18 • Prospect annual report 2020 – Equalities 7 Benefits and services

Sustainability The 10 most popular benefits on the Prospect Plus Prospect Plus website are: Shopping Parliament Hill are assessing all discounts, sports, fitness and Prospect Plus, the affinity benefits their products with an aim to build wellness, gym membership, cinema scheme, provided by Parliament Hill, sustainability into all future offers, for tickets, discount card, eye care, travel was still accessible to members during example sustainable holiday package. insurance, car breakdown service, lockdown. Parliament Hill were able New Offers Apple discounts and home insurance. to ensure that offers were adapted to go on-line and if this was not possible MyCashbackCards was withdrawn at a note was made on the relevant offer the end of August 2020 and replaced Bectu Public Liability page. by SVM. Insurance (PLI) They were able to negotiate, SVM provides gift cards that provide and launch offers relevant to the discounts on various high street Bectu’s two-in-one plan provides circumstances of lockdown, including outlets. They also offer single cards public liability cover of up to £10m the following: that can be used at multiple retailers/ as well as personal accident cover of • Film streaming services: Chili, restaurants. £100 a week. Rakuten TV Hotels.com – 10% discount on The policy includes: • Digital fitness solutions: Online bookings worldwide. • provision for claims up to £25,000 fitness classes in respect of goods in the member’s LV became the provider of car • Stay at home experiences. custody and control (up to a insurance. maximum total of £100,000).

Benefits and services – Prospect annual report 2020 • 19 • personal accident cover of £100 The lump sum is equivalent to five times At the end of 2020, two people were a week for up to 52 weeks where the union’s highest national annual on the register. injury forces a member aged under subscription rate. Death benefits The form and associated information 70 to stop working (excluding the were paid to the beneficiaries of 118 is on the website’s health and safety first fortnight) and a £20,000 members in 2020 totalling £128,226. pages: https://prospect.org.uk/topic/ lump-sum payment in the event of respirable-crystalline-silica/ specified serious injury or death Benevolent fund for a member aged up to 70, and reduced lump sum payments for Members or their dependants in Compensation members aged 70 to under 75 and financial distress can apply for a Scheme for Radiation 75 to under 80. grant from Prospect’s benevolent Linked Diseases PLI costs £40 a year for Bectu fund. Prompt attention is given to members, and covers the individual emergency requests and all cases are Prospect plays an active role in The member, a Limited company where the considered sympathetically. Awards Compensation Scheme for Radiation member is the sole employee, and a are made at the discretion of the Linked Diseases (CSRLD) – a joint formal partnership where the partner fund’s trustees. initiative between the UK’s nuclear is also a Bectu member who subscribes In 2020, the union made 37 grants with sector employers and their trade to the insurance. 4718 members took a total value of £34,924. unions. out the insurance in 2020. Asbestos and The scheme is designed to provide an Prospect Energy Club alternative to legal action for past and respirable crystalline present employees of participating employers who have been exposed to The Energy Club was closed in 2020. silica registers radiation during their work and who are subsequently diagnosed to be Lighthouse Prospect continued to publicise suffering from radiation-linked cancer Financial Advice the importance of its asbestos and or cataracts. It has had a successful respirable crystalline silica registers year and is continuing to process cases. for members who have been exposed The figures for 2020 for Lighthouse to either of the hazardous substances. The Scheme received 31 new claims were down on 2019 again due to the An entry on the register provides during the 2019/20 financial year. lockdown. enhanced information in the event One claim proved successful and • 52 seminars were held with 1344 of a claim. Whether members have is under negotiation. A further members attending. registered their details or not, they can three compensation settlements • 97 surgeries were held with 425 still access Prospect’s personal injury reached completion, all of which members attending. scheme should they be the subject of a were identified following the main • 565 members had individual latent occupational health issue. retrospection exercise. appointments. 1,691 cases have been considered Asbestos Other benefits offered since the scheme began and 164 by Prospect 1,826 members were on the register at resulted in successful claims. £8.92m the end of 2020. To register, contact has been paid to claimants. 16 of • Health and Dental plans [email protected] or log in the successful cases were due to a • University College of Osteopathy to the website to download a form: retrospection exercise in 2012 to • Prospect Legal Service, including https://library.prospect.org.uk/ review old claims in the light of new will writing service download/2020/00131 scientific evidence on the effects of • Benevolent Fund exposure to ionising radiation. The privacy notice is at: ht tps:// library.prospect.org.uk/ The scheme awards payments for Death benefit download/2020/00132 cases with a causation probability of 20% or above. In a court case a Prospect’s death benefit scheme offers Respirable crystalline silica claimant must prove a causation a lump sum payment to a dependant Prospect’s respirable crystalline silica probability of 50% where an ‘all or of a working member who has died. register is in operation, having agreed nothing’ approach based on the The payment is to help with funeral a form to record cases of exposure balance of probabilities is applied. expenses or to provide for children to the substance with the union’s under 18 and is at the discretion of the For further information visit csrld.org.uk solicitors in 2016. union’s national executive committee. or email [email protected]

20 • Prospect annual report 2020 – Benefits and services 8 Membership, recruitment and organisation

Prospect’s membership grew in 2020 to the challenge over the year and self-employed sector thanks to the and was 150,732 at the end of the delivered rising membership figures newly launched self-employed and year. and an unprecedented level of new freelancers project which builds on the ways of organising. The principles knowledge and expertise of the Bectu The changes on the 2019 figures of organising do not change even in sector. the face of a global pandemic, what Prospect members on 145,510 changes is the means by which we The need to look at new ways of doing 31 December 2019 recruit and organise, and organisers, things in 2020 has led to an evaluation plus new members 20,415 reps, branches and members have of how we support reps and branches been innovative in finding new ways to take on a more de-centralised less members (deceased, -15,193 approach to organising which in left or lapsed) of engaging with potential members, current members, employers and each turn has led to developments in rep Total on 31 December 150,732 other. mentoring and online branch training 2020 and these initiatives will continue to New projects have been initiated; the grow in 2021. To say 2020 has been a challenge for tech project in Scotland has given recruitment and organising would rise to an extended project for tech The stalwarts of recruitment and be the understatement of all time workers across the country and we are organising; talking to people, building but the organising team have risen now starting to see joiners from the relationships, supporting branches

Membership, recruitment and organisation – Prospect annual report 2020 • 21 and communications have all gone on have been recruited compared to in 2020 but taken on new guises such 7,995 in 2019. as Zoom and Microsoft Teams, QR codes, webinars and digital meetings. Prospect and Bectu ran a young workers week in Jun 2020 in which we had 310 new joiners during the Union Week and week. Overall, we had 1,940 members Heart Unions Week register for webinars held on Zoom

As in previous years our two key Applications to join the National recruitment campaigns were Heart Young Workers Committee increased Unions Week in February and our in 2020. 67 young workers applied own Union Week, which was held in to be on the committee. This over- November. Hearts Union Week in subscription for the five places February 2020 delivered a variety of available led to initiatives in new events across very many branches sectors and regional young workers as usual but by November we were networks across the union in the depths of lockdown and in the run up to Union Week there was some A new network for apprentices that nervousness about what we could covers all sectors of the union has deliver and if we could have the usual been created working alongside the impact. Needless to say, Prospect National Society of Apprenticeships. staff and branches alike rose to the Training-wise the Young Workers challenge and we again delivered a Network has created and undertaken wide variety of events and contacts by “Getting Started: Getting Active” digital and socially distanced means. training course aimed at helping There was a joining QR code, a wide young workers to get more active range of webinars and Q&A sessions within their branch and learn how to which invited non-members to see recruit new members. what we do. The week delivered 1,036 new members. The YWN have conducted a series of Thought Exchanges surveys across As ever, recruitment and organising many areas within Prospect and Bectu was not just confined to one or two in order to find out how we can help weeks and, despite the pandemic, young workers with their careers. work was undertaken all year to recruit This feedback enabled us to develop and organise around issues across all targeted courses and webinars for sectors and areas. This was especially young workers that have proved very apparent in work around issues such successful and moving forward will as Health and safety, return to work, help our organising plan to create furlough, homeworking and pay. change, build membership density and get members more active within the Young Workers union.

2020 was an unprecedented year for every worker but, thanks groundwork Subscriptions laid in 2019, the Young Workers Network (YWN) was able flourish As a result of the pandemic National and grow. Below are some of the Conference 2020 was cancelled, impressive stats and campaigns so could not consider changes to that the young workers network and subscriptions. The National Executive committee have worked on over the Committee initially considered past 12 months. how branches might be consulted on changes, however in light of the Young Member (under-35): 29,661 ongoing pandemic the NEC decided members, 9,362 new young workers not to proceed with this in 2020.

22 • Prospect annual report 2020 – Membership, recruitment and organisation 9 Awards

Distinguished service • Fred Williams – Health & Safety Medium Branch (100-249 members) Executive • Buildings Research award (gold) • John Price – Uniper Establishment – winner • Peter Hamblett – West Midlands • Nigel Titchen – South West and Large Branch (250+ members) Freelance Wales Regional • Bectu Post Production and Despite national conference Facilities – winner Distinguished service being cancelled due to lockdown it • Commendation – Science Museum was decided that the conference Group award (silver) organising awards would go ahead. • Gordon Hutchinson – South West Nominations were put forward by Case Handler and Wales Regional branches and/or full-time officers and were judged by panels drawn from the Awards Distinguished CORE and EOAC committees before being agreed by NEC. Winner and Helping and Advising Members member award commendations are as follows: • David Linton (Rosyth Royal • Barbara Shepherd – Sellafield Dockyard) – winner Branch Awards

Long Service Awards Small branch (less than 100 members) Personal Cases Award • Karl Hartley – VEOLIA Branch • Joint Nature Conservation • Michaelangelo Staffolani (British • Martin Stubbs – Ofcom Committee – winner Library) – winner

Awards – Prospect annual report 2020 • 23 • Commendations – Tracy Packard Ailsa Sparkes Young Equalities Awards (Ordinance Survey) , Sue Harding (BT Brighton), Ginny Braginton Member Award Branch (AWE) • Ndala Mukanda (BT Adastral • Archaeologist’s Branch – winner Park) – winner Individual Individual • Commendations – Guy Bishop • Binni Brynolf (Chatham House) (Bectu Locations Dept. Branch), Organising Award and Louise Adams (United ATSS Young Professionals Network • Tim King (National Lottery Utilities) – joint winners. Community Fund Branch) – winner • Commendations – Harriet Lawrence (Bectu Locations Dept. Branch), Steve Dickson (BT East of Scotland)

24 • Prospect annual report 2020 – Awards 10 Managing the union

Member Contact In 2020, the contact centre dealt with: Data Breaches/SAR/Complaints • 30,186 calls In 2020 we had 24 data breaches, Centre • 64,568 emails reported to the DPCO, by staff and • 2,147 webchats reps. These breach incidents mainly The Member Contact Centre • 87% of all calls were answered involved data sent by email. has made it easier for members within 90 seconds. to get in touch for advice or Two breaches were reported to the • 89% of all emails were responded to support. The helpline – 0300 600 ICO, but no further action was taken. within 24 hours. 1878 – is open between 8:30am The DPCO has also responded to 14 • 20,415 new applications for and 6pm Monday to Friday. The subject access requests during 2020. membership were processed. department provides employment The union received four complaints law advice on a wide range of from members about the use of topics and practical support Data Protection 2020 their data. The ICO also received a including updating contact details complaint about a subject access and helping members with their Data Audit request which was responded to and subscriptions. The audit of the union launched in no further action was taken. All contacts are logged using 2019 was paused at the beginning Lighthouse Project a case management system, of 2020 due to the lockdown and the which means any advisor can look move to home working. The plan is to Creation of a purpose-built digital up and help a member with an continue with the audit when staff are governance tool for trade unions. ongoing query or case. back in the office in 2021. Created in collaboration with

Managing the union – Prospect annual report 2020 • 25 Digital Public, Duke Centre on Law & This is reflected in the table below, but Technology, and Small Scale. please note: • these steps do not reflect the Policies and Procedures Prospect grading structure or the • A new CCTV policy document was salary ranges attached to each published. grade • The subject access policy document • the figures include the full-time was revised, and new guidance equivalent salaries for those was created on how to complete a currently working part-time hours subject access request. • the general secretary’s salary is • A new data protection impact a spot rate and can be found at assessment (DPIA) form and end of the Prospect Notes to the guidance document was drafted. Accounts section. • A new Freelance Guide to Data Protection was published. Salary band 2020 2019 • Revised breach questionnaire. £10,000-£19,999 1 2

Briefing Documents £20,000-£29,999 14 18 • Guidance provided on the Privacy £30,000-£39,999 90 90 and Electronic Communications Regulations (PECR) and the £40,000-£49,999 47 49 implications for contacting non- £50,000-£59,999 48 50 members. £60,000-£69,999 31 33 • Briefing on legal basis on international transfers of personal £70,000-£79,999 12 9 data post Brexit transition. £80,000-£89,999 5 4

Action £90,000-£99,999 1 1 • Survey of staff to assess use of 249 256 software/websites involving union data in relation to the changes in the law to international transfers. • Work begun on creating new privacy notice. • Registered Prospect with Data Protection Commissioners in Jersey, Guernsey, Isle Man and Gibraltar.

Advice

Advice has been provided to staff and reps in 2020 on the following issues: • Coronavirus and data protection • Data sharing agreements • Data retention • Direct marketing • Privacy notices

Employee salaries

Motion 39 from 2014’s national conference instructed the NEC to present in the annual report the number of employees, in salary bands of £10,000 steps, from £10,000 up to the salary of the general secretary.

26 • Prospect annual report 2020 – Managing the union Schedule of investments – year ended 31 December 2020

SCHEDULE OF INVESTMENTS AT COST AND MARKET VALUE Cost Market value

Share holding £’000 £’000

Sarasin & Partners – Unit Trusts 685,781 Sarasin Sterling Bond 2,725 3,091 75,930 Gresham House Storage Fund 79 85 109,510 Sarasin IE Global ome 1,102 1,305 3,906 4,481

Sarasin & Partners – Global Equities 3,285,100 Sarasin Responsible Global Equity Sterling 5,943 6,879 2,718,954 Sarasin Responsible Global Equity 5,914 6,623 11,857 13,502

Sarasin & Partners – Gilts 1,733 Invesco Physical Gold 209 268 5,159 IVZ Physical Gold 239 229 28,976 Neuberger Berman Emerging Markelt 299 314 40,100 Bilfinger Berger Global Infrastructure 68 70 33,762 International Public Partnership Limited 46 57 62,513 Octopus Renewables Infrastructure 65 71 108,843 Sequoia Economic Infrastructure 117 120 92,215 US Solar Funds 70 73 31,995 Oakley Capital Investments 51 92 50,640 Syncona Limited 58 132 1,222 1,426

Sarasin & Partners Portfolio – Total 16,985 19,409

Rathbones – Government Securities 76,000 UK Government Treasury 130 153

Rathbones – Gilts (Corporate Bonds) 70,000 Aviva Plc 78 77 70,000 Deutsche Bahn Finance 81 82 159 159

Rathbones – Unit Trusts 495,000 Aberdeen Standard Fund Managers 252 268 330,000 Aberdeen Standard Fund Managers Global 161 206 1,005 Barings Umbrella Fund 114 117 180,000 Fortem Capital Limited 189 186 142,291 Janus Henderson 191 212 340,000 JP Morgan Asset Managers 378 581 234,485 Legal & General Unit Trust 140 154

Managing the union – Prospect annual report 2020 • 27 SCHEDULE OF INVESTMENTS AT COST AND MARKET VALUE Cost Market value

Share holding £’000 £’000

Rathbones – Unit Trusts (continued) 208,520 Link Fund Solutions PTY Limited 320 365 13,000 Marlborough Fund Managers 169 226 140,000 Merian Investment Funds 203 265 260,000 Rathbone Unit Trust Management 263 266 300 Schroder Investment Management 97 135 17,700 Stewart Investors 61 169 55,000 Threadneedle Investments 131 203 2,669 3,351

Rathbones – UK Equities 98,500 Apax Global Alpha Limited 151 190 3,200 Astrazeneca Plc 207 234 125,000 Barclays Plc 145 183 5,570 BHP Group Plc 64 107 44,000 BP Plc 160 112 120,000 Chrysalis Investments Limited 149 282 10,800 Clinigen Group Plc 42 73 4,040 Diageo Plc 73 116 12,200 Equiniti Group Plc 31 13 3,600 Experian Plc 97 100 7,900 Glaxosmithkline Plc 121 106 25,200 Legal & General Group Plc 34 67 130,000 Lloyds Banking Group Plc 83 47 70,500 Londonmetric Property Plc 77 161 52,000 M&G Plc 106 103 20,000 National Grid Plc 186 173 6,750 Plus500 Limited 90 98 8,400 Prudential Plc 69 113 1,650 Reckitt Benckiser Group Plc 102 108 30,000 Rentokil Initial Plc 87 153 1,615 Rio Tinto Plc 59 88 18,250 Royal Dutch Shell Plc 282 230 3,000 Schroders Plc 77 100 41,700 S4 Capital Plc 76 209 16,500 Smart Metering Systems Plc 75 117 43,000 Tesco Plc 104 100 2,725 Unilever Plc 45 120 64,000 Vodafone Group Plc 110 77 2,901 3,582

28 • Prospect annual report 2020 – Managing the union SCHEDULE OF INVESTMENTS AT COST AND MARKET VALUE Cost Market value

Share holding £’000 £’000

Rathbones – Global Equities 720 Accenture Plc 101 138 100 Alphabet 98 128 125 Amazon Com 19 298 3,640 Apple 48 353 82,000 Bilfinger Berger Global Infrastructure 99 143 550 Becton Dickinson & Co 113 101 10,450 BH Global Limited 123 201 3,250 Citigroup 105 147 200,000 Credit Suisse 189 211 14,000 Ericsson 122 122 56,000 Fidelity Investment Services 100 119 100,000 GCP Infrastructure 122 109 220,000 HSBC Bank Plc 171 249 49,200 3I Infrastructure Plc 100 152 6,300 Ishares Plc 127 171 210,000 JP Morgan Asset Managers 209 207 1,200 Paypal Holdings 101 206 96,700 RBC Capital Markets 61 118 495 Roche Holdings 65 127 120,000 Sequoia Economic Infrastructure 135 132 12,500 Smithson Investment Trust Plc 150 214 4,275 St Microelectronics 97 116 110,000 Tritax Big Box Reit Plc 111 185 230,000 UBS AG 232 226 56,000 Utilico Emerging Markets Limited 99 109 950 Visa 81 152 3,000 Yum China Holdings 125 125 3,105 4,556

Rathbones Portfolio – Total 8,962 11,801

Managing the union – Prospect annual report 2020 • 29 SCHEDULE OF INVESTMENTS AT COST AND MARKET VALUE Cost Market value

Share holding £’000 £’000

Other Unit Trusts 888,528 TU Fund Managers Trade Union Unit Trusts 1,955 7,892 1,955 7,892

Total Unit Trusts 8,530 15,724 Total Equities and Gilts 19,375 23,378 Quoted Shares – Total 27,905 39,102

Bank deposits 405 405

Unquoted Shares £’000 £’000 Unity Trust Bank Plc 327 455 Other 9 9 Unquoted Shares – Total 336 463

GRAND TOTAL 28,645 39,971

30 • Prospect annual report 2020 – Managing the union 11 Other organisations

Charities Affiliations and Organisation Officer British Copyright Philippa Work with our two charity partners, linked organisations Council Annual Childs the Trussell Trust and War Child, Membership Prospect maintains contact, and is developed in 2020 – albeit at a involved with, a significant number BT London East LRD Christine slower pace than originally intended of external organisations. Some of Danniell due to the COVID-19 restriction these are the result of conference Confederation of Garry on travelling and holding events. decisions for direct affiliation; other Shipbuilding and Graham Nonetheless, when able, several affiliations provide information or Engineering Unions branches organised workplace the opportunity to exchange views. foodbank collections. Members Creative Industries Philippa A list of these bodies is set out with also generously donated to both Federation Childs the current headquarters contact for charities via our Member Recruit European Federation Garry each organisation. NB this list is not Member incentive scheme. A of Public Service Unions Graham exhaustive. Christmas charity appeal, which European Transport Garry saw Prospect centrally matching Federation Graham donations from individual Fairshare Educational Joe members, resulted in an end of year Foundation Anderson contribution of £10,715 to both charities. Hope Not Hate Philippa Childs

Other organisations – Prospect annual report 2020 • 31 Organisation Officer Hope Not Hate Andrew Charitable Trust Pakes Institute of Welsh Gareth Affairs Howells International Garry Federation of Air Graham Traffic Safety Electronics Association International Transport Garry Workers’ Federation Graham Irish Congress of Trade Richard Unions Hardy Justice for Colombia Mike Clancy Labour Research Andrew Department (LRD) Pakes Maternity Action Sue Ferns National Children’s Steve Bureau Thomas National Pensioners Andy Bye Convention Nicaragua Solidarity Philippa Campaign Childs Pensions & Lifetime Joanne Savings Association Rowe Public Service Andy Bye Pensioners Council Royal Aeronautical Garry Society Graham Scottish TUC Richard Hardy Show Racism the Red Alan Card Leighton Trades Union Congress Mike Clancy UK Flight Safety Garry Committee Graham Uni Global Union Philippa Childs Wales TUC Mike Clancy

32 • Prospect annual report 2020 – Other organisations 12 NEC, officers and sub-committees

Presidential Team National Executive Committee

Meetings NEC meetings Member Member attended attended Craig Marshall – 2 Anastasia Ahern 3 President to May 2020 (as President) Alan Grey 7 Ann Jones – President retired Oct 2020 4 Andy Mooney 7 Eleanor Wade – Vice President to Oct 7 2020, President from Oct 2020 Audrey Uppington 2 Neil Hope-Collins – Christine Danniell (DVP from Dec 2020) 5 Deputy Vice President to Nov 2020, 7 Craig Marshall 5 Vice President from Nov 2020 VP Christine Danniell - Eamonn Guilfoyle 4 1 (as DVP) Deputy Vice President from Nov 2020 Faisal A Qureshi 4

Freddie Brown 6

NEC, officers and sub-committees – Prospect annual report 2020 • 33 NEC meetings Other members Member attended • Alison Baxter, AWE • Barrie Worth, Gavin Moffitt (resigned Oct 2020) 1 • Keith Stokes, ITV Anglia CMD South

Geoff Fletcher 4 Organising, Recruitment George Ryall 6 and Education (CORE) James Henderson 6

James Leppard 2 NEC

James Yu 2 • Anastasia Ahern • Alan Grey • Rebecca Cummings • Philip O’Rawe Jessica Bryan 3 • Geoff Fletcher • Tracey Russell Kathryn Sosville 4 Other members Peter Lawrence 2 • Paul Delaney, • Julia Townsend, Bectu Philip O’Rawe 6 National Trust – Hair & make up Rebecca Cummings (resigned Oct 2020) 5 • Alan Smith, BT • Stephen Turner, UKRI Adastral Park Satnam Ner 5 • Mark Steele , BT Steve Grey 6 South Yorkshire Steven Nicholson 4

Tasos Zodiates 3 Equal Opportunities

Tracey Russell 4 NEC Steve Dickson (from Oct 2020) 4 • Chair: Freddie Brown • Satnam Ner Gary Swift (from Oct 2020) 1 • Christine Danniell • Faisal Qureshi. • Jim Henderson Alan Smith (from Oct 2020) 5 Other members Alan Smith (not elected May) 2 • Linda Ford, James • Louella Ibekwe, Andrea Gauld (stood down May 2020) 3 Hutton Institute Insolvency Service Elinor Harrison (stood down May 2020) 0 • Janine Gielbert, EFRA • Rebecca Stamper, Gary Swift (not elected May) 2 • Alan Gooden, Sellafield BT Leicester • Amy Bishop, AWE Gordon Hutchinson (retired May 2020) 2 Ian Stewart (not elected May) 0 Health and Safety Mike Dick (stood down May 2020) 1 NEC Nigel Titchen (retired May 2020) 1 • Chair: Jim Henderson • Eamonn Guilfoyle Tom James (retired May 2020) 3 • Jess Bryan • Tasos Zodiates, Retired Members’ Group Other members Ray Arrowsmith 5 • Steve Crothers, UKRI • Ben Pye, EFRA David Harding 2 • Tom Hares, Bectu Yorkshire Campaigns and Communications Committee (CCC) Pensions NEC NEC • Chair Christine Danniell • Philip O’Rawe • Geoff Fletcher • Andy Mooney • Freddie Brown • Steve Dickson (admitted • Alan Grey • Steve Nicholson • Craig Marshall Nov 2020 – original • Steve Grey • Kathryn Sosville • Satnam Ner nomination mislaid)

34 • Prospect annual report 2020 – NEC, officers and sub-committees Other members • Director of Business • Head of Organisational Services – Joanne Rowe Development & Human • Ben Cryer, Bectu • Peter Lewis, AWE • Director of Resources – Nicola Duffy Yorkshire • Mike Moriarty, Retired Communications and • Laurie Fineman, Members Group Research – Andrew Pakes CMD South • Jeff Rowlinson, • Keith Flett, BT Central Scottish Regional Trustees

Science, engineering and 1 January – 31 December 2020 sustainability advisory committee • Phil Kemball (Chair) • Phil Hooley • David Simpson NEC • Chair George Ryall • James Leppard Auditors • Eamonn Guilfoyle • James Yu • H W Fisher Other members • Phil Brown, Met Office • Simon Norris, RWM Finance and Audit • Steve Collins, Diamond • Sharon Platt, Sellafield Light Source • Christopher Rau, • Eleanor Wade (Chair) • Audrey Uppington • Aiden Dryden, EFRA Diamond Light Source • Christine Danniell • Tasos Zodiates • Sarah James, UKRI • Alison Smith, Welsh • Neil Hope-Collins • George Ryall • Becky Lander, IPO Government (Vice Chair) • Faisal Qureshi • Callum Mair, LPD • Thomas Wild, HSE • Craig Marshall • Eamon Guilfoyle • Andy Mooney Estates Management Appeals Committee Working Group • Tim Potter (appointed • Suresh Tewari • Neil Hope-Collins (Chair) • Philippa Childs (DGS) March 2019) • Jenni Hircock • Mike Clancy (GS) • Joanne Rowe (DBS) • Helen Snaith (appointed • Alan Grey (NEC) • Hafsa Begum (HoF) March 2019) • Faisal Qureshi (NEC) • Craig Marshall (NEC) • Andy Mooney (NEC) • Nicola Duffy (HoOD) Defence maritime and Branch Rules Working Party logistics group • Thomas James (Chair • Chris Hopper To May 2020 until June 2020) • Alun Jackson (until • Ann Jones (Chair) • George Ryall • Pete Lawrence (Chair October 2019, but • Eleanor Wade • Amy Calverley from October 2020) resumed October 2020) • Neil Hope-Collins (Secretary) • Garry Graham • Graham Jickells (secretary) • Brian Lewthwaite From July 2020 • Michelle Armour • David Linton • Eleanor Wade (chair) • Neil Hope-Collins • Steve Barber • Patrick McKee • George Ryall attends ex-officio • William Bennett • Satnam Ner • Kathryn Sosville as Vice President • Gary Best • Del Northcott • Jessica Bryan • Amy Calverley • Simon Bracchi • Mick Payne (Secretary) • Steve Grey • Jeanette Braginton • Grahame Robinson (until • Chris Burton October 2020) Deceased Senior Management Team • Simon Finney • William Searle

• General Secretary • Deputy General • Lisa Gollogly • Michael Wilson – Mike Clancy Secretary – Garry Graham • Alan Grey • Senior Deputy General • Deputy General Secretary – Sue Ferns Secretary – Philippa Childs

NEC, officers and sub-committees – Prospect annual report 2020 • 35 RMG National Committee Bectu Sector Executive Committee:

• David Harding • West Midlands, • Andrea Gauld is • Liz Hardwick - President Paul Ellam vice-president • Carol Magor • Ray Arrowsmith - • South West Midlands, • Ian Stewart • Andrea Gauld Vice President John Attree • Glen Keane • Darrell Briggs • Scotland North, • Central Southern, • Mike Dick • Stephan Alan Grey John Taylor Ann Hedgecock • Chester Yang • Iain Dawson • Scotland South, • South East Midlands, • Nicole Joy Young • Richard Avis David Sim Nigel Marlow • Vidya Krishnamurthy • Keith Flett • Wales, Graham Clarkson • London Central, • Nicholas Ray • Tom Machell • Northern Ireland, Andrew Ruffhead • Andrew Evans • Caroline Sansom Peter Hedgcock • Thames Valley, • Tracey Russell • Alan Smith • North West, Don Arthur Bavister • John Handley • Mark Steele Forrester • South East England, • Cristine Bond • Angus Wheeler-Rowe • North East, John Iain Findlay Atkinson • Avon Valley, • Yorkshire, George Betke Michael Cobb Public Services Sector • CMMDI, John Augoustis • Southern, Michael Executive Committee • East Anglia, Stan Kordys Moriarty • Geoff Fletcher • David Nunn (until • East Midlands, • South West, Paul Sector President February 2020) Tom Smy th Danneau • Alan Grey Vice President • Tim Jaques Energy Sector Executive Committee • Alison Smith Deputy • Steven Kay Vice President • Tim King • Richard Clatworthy • Joseph Wilkinson • Garry Graham • Sharon Knight (co-opted (Chair) • Kevin Garside Sector Secretary from September 2020) • Alan Convery • Neil Freeman • Magnus Alexander • Graham Macro • Audrey Uppington • Neil Thomson (until June 2020) • John Moody (co-opted • Catherine Collins • Simon Norris • Philip Bishop from September 2020) • Dawn Davies • Stephen Ackon • Rob Foot (until • Karina Murrell (co-opted • Dik Third • Stephen Straw November 2020) from September 2020) • Elliot Dixon • Steven Nicholson • Lucy Hibbitt (until • Elisabeth Ostrom February 2020) • Eric Brunger • Sand Owsnett • Charanjit Pabla • George Hicks • Gary Swift • Lily Ali • Alan (Ben) Pye • David Hunter (until • Glyn Russell • Tas Akhtar • George Ryall February 2020) • Ian Cashmore • Jonathan Lord • John Hind

36 • Prospect annual report 2020 – NEC, officers and sub-committees 13 Branches

Branch code Branch name Branch code Branch name C757 AAG Defence Services ARQC Arqiva Central Aberdeen Theatres, Freelance & Live AQCEB Arqiva Climbing Engineers Branch 1ATH Events CRCT Arqiva Crawley Court S094 ABL EMOOR Arqiva Emley Moor V601 Accenture ALSE Arqiva London and The South East M187 ADAS STMAN Arqiva Managers D330 AGCS - Retired Members Group ARQN Arqiva North C009 Air Traffic Control Officers ARQNE Arqiva North England C011 Air Traffic Systems Specialists ARQNS Arqiva North Scotland C764 Airtanker ARQNI Arqiva Northern Ireland V602 Airwave AQREB Arqiva Rigging Engineers Branch ALJAZE Al Jazeera International ARQSS Arqiva South Scotland ATGW Ambassadors Theatre Group Woking ARQSW Arqiva Southwest VFXH Animation & VFX AWDB Arqiva Warwick and Daventry APMAN Apollo Manchester ARTBR Art Department V603 Apsolve ARTEC Art Technicians F181 Archaeologists V604 Asidua

Branches – Prospect annual report 2020 • 37 Branch code Branch name Branch code Branch name ADS Assistant Directors BBCIM BBC Immediate Media APTN Associated Press Television News BBCJC BBC Interserve London Association Of Guernsey Civil Servants BBCLL BBC London J258 (AGCS) LLAB BBC London Library/Archive Association Of Licensed Aircraft C286 BBCMNW BBC Media City & North West Branch Engineers BBCMB BBC Millbank Branch Association Of School and College M741 BBCNBO BBC Newsgathering Branch Leaders (ASCL) BBCNBC BBC Newsroom Branch V605 AT&T NEWCUM BBC North East & Cumbria M169 Atkins BELGE BBC Northern Ireland J285 Atlas Elektronik UK Ltd PLYM BBC Plymouth & South West H246 Audit Wales BPSM BBC Policy Strategy & Marketing Branch C204 Aviation KINGW BBC R&D D326 Avon Valley Retired Members Group BBCRMO BBC Radio & Music Operations London J124 AWE BRMB BBC Radio & Music Production Ayrshire Theatres, Freelance and Live 1AYR BBCROB BBC Radio OBs Branch Events BBCSOT BBC South C176 Babcock Aerospace BBCSE BBC South East J199 Babcock DCTT BSLB BBC Studios London Branch C236 Babcock DSG MAILS BBC Swiss Post Branch S219 Babcock Marine & Technology (Clyde) CLET BBC Technology London Branch J243 Babcock Marine Training BBCTL BBC Television London S288 Babcock MCS Offshore BBCW1O BBC W1 Operations C733 Babcock MCS Onshore V720 BBC Weather C715 Babcock RSME BBCGNB BBC World Service SKELT Babcock Skelton BBCYL BBC Yorkshire & Lincolnshire N465 BACM BBCY BBC Yorkshire J276 BAE Surface Ships E731 BEIS K133 BAE Systems - Global Combat Systems BGOH Belfast Grand Opera House H749 Baglan Bay Power Station 3COV Belgrade Theatre BXST Baxter Storey J754 Berks, Bucks & Oxfordshire Wildlife Trust ABERD BBC Aberdeen NFT BFI Southbank ATOS BBC Atos APBIR Birmingham Alexandra Theatre BANGO BBC Bangor 3BHT Birmingham Hippodrome BIRM BBC Birmingham & West Midlands BMREP Birmingham Rep Theatre BRIST BBC Bristol & West BRBH Birmingham Royal Ballet CAR BBC Cardiff C763 Blackpool Airport BBCCAV BBC Caversham BLOOM Bloomberg TV BBCCGB BBC Contractors General Branch C735 Bournemouth International Airport Ltd BBCNM BBC Digital London Branch BAC Brewery Arts Centre BBCEA BBC East BRDOME Brighton Dome and Festival Branch BBCEM BBC East Midlands 4BRI Bristol EDINB BBC Edinburgh H743 Bristol Zoo ESPG BBC Engineering Studios Post Group E042 British Board Of Agrément BFOB BBC Finance & Operations Branch F006 British Library GLAS1 BBC Glasgow F192 British Museum HIGH BBC Highland

38 • Prospect annual report 2020 – Branches Branch code Branch name Branch code Branch name E214 British Veterinary Association T547 BT Suffolk N722 Bronte Museum T550 BT Thames & Wey Valley T502 BT Adastral Park A T551 BT Wessex T503 BT Adastral Park B T552 BT West Midlands T504 BT Adastral Park C T553 BT West Of Scotland T505 BT Birmingham T554 BT West Pennines T506 BT Brentwood E200 Building Research Establishment T507 BT Brighton C012 CAA T555 BT Brunel J015 CAB International T508 BT Central London Hq E069 Cabinet Office/Treasury T509 BT Cornwall & Plymouth CABSA Cable & Satellite T510 BT Coventry CAMBR Camera Department T511 BT Development Belfast Cangen Treftadaeth Cymru/Wales H086 T512 BT Devon & Somerset Heritage T515 BT Dp Harmondsworth V630 Capita CMD T516 BT East Essex C752 Capita Fire Officers T517 BT East Of Scotland CPR Capital Radio T519 BT Leicester E711 Care Quality Commission T521 BT London Central K283 Cavendish Nuclear T522 BT London East CBSO CBSO Central Southern Retired Members T518 BT London North D321 Group T523 BT London North East H756 Centre for Ecology and Hydrology T525 BT London Southern N410 Centrica T526 BT London West GRIBR Certified Grips & Crane Techs T527 BT London West End M430 Certsure T528 BT Manchester & District CHF Channel Four T520 BT Mersey Dee & Area C717 Chatham House T530 BT Mid Yorkshire CINMI Cinemas East and West Midlands T531 BT Milton Keynes CINLSE Cinemas London T501 BT MoD Contract CINNEA Cinemas North East & Cumbria T532 BT Newcastle & Middlesbrough CINNO Cinemas North West T533 BT North Anglia CINSC Cinemas Scotland T534 BT North Downs CINWW Cinemas Wales T535 BT North Of Scotland CINYH Cinemas Yorkshire & Humberside T536 BT Northern Ireland J249 Civil Nuclear Police Authority T537 BT Nottingham BACC Clearcast T538 BT Oswestry V350 CMD Greater London East & Essex T539 BT Overseas V351 CMD Greater London West T540 BT Peterborough V352 CMD London Central T541 BT Radianz V353 CMD Midlands Wales & West T542 BT Senior Managers V354 CMD North Of England T529 BT Shrewsbury V355 CMD Scotland & Northern Ireland T545 BT South Wales V356 CMD South T544 BT South Yorkshire D316 CMMDI Retired Members Group T556 BT Sport E707 College of Policing T546 BT Stoke On Trent

Branches – Prospect annual report 2020 • 39 Branch code Branch name Branch code Branch name V607 Computacenter MERBR Encompass London Branch CWBR Costume & Wardrobe WOOFE Encompass Woofferton K291 Crown Commercial Service K423 Engie V250 CSC F744 English Heritage CURZH Curzon Cinemas 5ENM English Nat Opera Managerial E767 Cytiva ENB English National Ballet PHOE Daisy It 5ENO English National Opera DART Darlington Hippodrome H164 Environment Agency C264 DE&S and SDA N463 EP UK Investments Defence Electronics and Components I437 Eph C714 Agency V608 Ericsson Field Services Organisation C736 Defence Services Ericsson Managed Services Non V609 RAD Deluxe London Recognised E064 Dental Reference Board ETLCH Essex TLC E017 Department for Education ECI European Captioning Institute E145 Department for Work and Pensions V611 Everything Everywhere E063 Department of Health C751 Exeter Airport K762 Deva Manufacturing Ltd C128 FCDO & FCDOS DDSTLC Devon, Dorset & Somerset TLC FABR Film Artistes H132 Devonport Royal Dockyard J721 Fire Leaders Association E188 DfT M704 Fire Service College H254 Diamond Light Source FSEC First Security London E217 Disability Analysts H730 Flybe E732 DIT E278 Food Standards Agency M719 DNV E019 Forestry Commission S282 Dounreay S747 Forestry Scotland N404 Drax Power N417 Freedom Group of Companies C202 Dstl V612 Fujitsu Telecommunications Dundee Theatres, Freelance & Live GE Healthcare Biosciences (Amersham 1DUN E003 Events Plc) M436 E.On UK C294 GIP K414 EA Technology Ltd GCHB Glasgow Cineworld Branch EA East Anglia Freelance CSGL Glasgow Life D317 East Anglia Retired Members Group S162 Glasgow Prestwick International Airport M245 East Midlands Airport Glasgow Theatres, Freelance and Live 1GLT EM East Midlands Freelance Events D318 East Midlands Retired Members Group GLYND Glyndebourne Opera East Midlands Theatres, Leisure and Live E062 Government Actuary’s Department 3EMT Events K137 Government Officers’ Association EENDS Eastenders GPN Grampian TV 3EAC Eastern Counties J419 Guernsey Electricity F457 EdF Energy HQ1 Headquarters No 1 Edinburgh Theatres, Freelance & Live K050 Health & Safety Executive 1EDN Events C182 Heathrow Airport Ltd N701 Education and Children’s Services Group S227 Highlands & Islands Airports Ltd E001 Efra F194 Historic England K459 Electricity North West

40 • Prospect annual report 2020 – Branches Branch code Branch name Branch code Branch name S226 Historic Environment Scotland S036 James Hutton Institute E065 Home Office J290 JCSA Housing, Communities and Local J425 Jersey Electricity E274 Government E238 JNCC V614 HP N729 John Innes Centre V628 Huawei KENPAB Kennington Park Branch 3HUL Hull Theatres KINGSP Kings Place Music Foundation H111 Hydrographic Office V616 Kingston Communications IAWF IAWF N268 Land Instruments IMID IB Midlands Radio/Cable J240 Landmarc Support Systems IRE IB Radio/Cable Ireland 3LGT Leeds Grand Theatre H728 Ibers 3WYP Leeds Playhouse Branch V758 IBM UK Ltd C718 Leidos 12PMS ICA J153 LGC IWHS Ideal World Home Shopping LTECH Lighting Technicians ILL ILR London MERSEY Lime Pictures INW ILR North West LMT Liverpool and Merseyside Theatres F221 Imperial War Museums APLIV Liverpool Empire Theatre ITFC Independent TV Facilities Cen NLMB Locations Department Branch V615 Inmarsat R306 London & South East Regional E078 Insolvency Service LALHB London Arts & Leisure N458 Intergen (UK) Ltd D323 London Central Retired Members Group K738 International Nuclear Services E428 London Energy J165 Interserve LIFS London Film School J259 Inutec Ltd London Fire + Emergency Planning E271 Inverness Theatre, Freelance and Live Authority 1INV Events LLEH London Live Events Branch K716 Isle of Man Health MPTC LTHB London Theatres & Freelance Branch D331 Isle of Man Retired Members Group LUCH London Union Of Crew Branch K298 Isle of Man - Whitley LVTEC London Venue Technicians K272 Isle of Man General Branch K281 Low Level Waste Repository Ltd - Drigg K709 Isle of Man Social Care NJC LOWRY Lowry Centre ITN ITN BELF Lyric Theatre Belfast ANN ITV Anglia K408 Magnox Nuclear Branch BOR ITV Border J289 Magnox South Sites CEB ITV Central Birm MFT Malvern Festival Theatres CEN ITV Central Nott MUTV Manchester United TV GDM ITV Granada K617 Manx Telecom LWT ITV London K424 Manx Utilities MERS ITV Meridian 04-May Mayflower Theatre ITVSEC ITV Security MHBR Media Hair and Makeup TYN ITV Tyne Tees K251 Menter Mon HTC ITV Wales H115 Met Office HTB ITV West C070 Metropolitan Police YOR ITV Yorkshire M301 Midlands Regional Branch K026 Jacobs F710 Ministry Of Justice

Branches – Prospect annual report 2020 • 41 Branch code Branch name Branch code Branch name J191 Mirion Technologies I449 NIE J024 MLCS Ltd. North East & Cumbria Leisure & Live 2NECL C104 MoD: Air Events MoD: Defence Infrastructure 2NECT North East & Cumbria Theatres C143 Organisation N302 North East Regional Branch C112 MOD: Defence Training and Education D314 North East Retired Members Group C105 MoD: Fire Service Officers WN North Wales Freelance MOD: Head Office and Corporate North Wales Theatres, Leisure & Live C287 4WN Services (HOCS) Events C239 MoD: Land NW North West Freelance C270 MoD: Navy 2NWL North West Leisure & Live Events C263 MOD: UKSTRATCOM D313 North West Retired Members Group S746 Moredun 2NWT North West Theatres F025 Museum Of London N Northern Freelance H467 MVV Environment IN Northern Ireland Freelance M151 NUMA I304 Northern Ireland Regional Branch K303 N West/N Wales Regional Branch Northern Ireland Retired Members D312 NFTS National Film/TV School Group K703 National Football Museum 1NIR Northern Ireland Tlc S230 National Galleries Of Scotland S225 Northern Lighthouse Board F260 National Gallery LEN Northern Live Events M429 National Grid N431 Northern Powergrid S232 National Library Of Scotland 2NOR Northern Stage Theatre M198 National Lottery Community Fund M748 Norwich City Airport K158 National Museums Liverpool 3NPT Nottingham Playhouse S231 National Museums Scotland M466 NQA K008 National Nuclear Laboratory NTLFE NTL Field Engineers H755 National Oceanography Centre NTLNET NTL Networks J155 National Physical Laboratory K257 Nuclear Decommissioning Authority F708 National Portrait Gallery J211 Nuvia Limited 5NAT National Theatre V077 Ofcom H220 National Trust J072 Office for National Statistics S205 National Trust For Scotland K046 Office for Nuclear Regulation Branch NVA National Visual Artists M267 Office of Rail & Road F007 Natural History Museum OVHB Old Vic Branch H705 Natural Resources (Wales) 3ONT Opera North S161 NatureScot J761 Ophthalmic Branch ANBR New Media J073 Ordnance Survey APOXF New Oxford Theatre H150 Ortho-Clinical Diagnostics NTC New Theatre Cardiff OVS Overseas NVHRT New Victoria Hall & Regent Theatre D329 Overseas Retired Members’ Group 3NVT New Victoria Theatre OXPL Oxford Playhouse 2NTR Newcastle Theatre Royal E074 Parliamentary NFTVA NfTV Archives PERTH Perth Theatres, Freelance & Live Events V631 NHS Digital H292 Pharmaron UK (Quotient) N727 NIAB ENR Ltd PHHB Picturehouse Central Branch

42 • Prospect annual report 2020 – Branches Branch code Branch name Branch code Branch name PHCEH Picturehouse Crouch End SCF S4c PHEDH Picturehouse East Dulwich 5SWT Sadler’s Wells Theatre HPIHO Picturehouse Hackney SAMS - Scottish Association for Marine S750 PUHB Picturehouse UK Branch Science PIN Pinewood Group Branch F189 Science Museum Group PFHOLD Pitlochry Festival Theatre Branch 1SCO Scotland Leisure H299 Planning Inspectorate D309 Scotland North Retired Members Group PLSBR Plasterers S305 Scotland Regional Branch PCTLC Plymouth & Cornwall Tlc D310 Scotland South Retired Members Group Police Investigation and Review S177 Scotland’s Rural College S766 Commission S438 Scottish & Southern Energy PPFBR Post Production and Facilities S706 Scottish Football Referees N186 Prison Service SC Scottish Freelance PRSUP Production Branch S037 Scottish Government TRANHB Production Transport Branch SLEN Scottish Live Events Network CHAP Professional Chaperones & Tutors S206 Scottish Parliament PRPBR Props S440 Scottish Power J027 Public Health England S228 Scottish Prison Service J172 Qinetiq SCT Scottish TV N726 Quadram Institute Bioscience D325 SE England Retired Members Group 5HOR Queens Theatre Hornchurch D322 SE Midlands Retired Members Group RTSBR Racetech K280 Sellafield Limited RADIO Radio J293 Serco FSE/PME K737 Radioactive Waste Management J099 Serco Marine CPHB RBM Chiswick Park Branch F208 Serious Fraud Office RBM Northern Transmissions Centre SERP Serpentine Gallery NOTC Branch BBCSUT Servest W1 K753 RBSL Rheinmetall CLUB Servest W12 BBCBRD Red Bee Media (Ericsson) SCBR Set Crafts J180 Ricardo Energy & Environment K760 SGS Baseefa RIGBR Riggers SGTH Shakespeare’s Globe Theatre RITZY Ritzy Cinema SIS Sis S131 Rosyth Royal Dockyard SKYDUN Sky Dunfermline J725 Rothamsted Research SKYLIVING Sky Livingston 5RAH Royal Albert Hall SKYLONDON Sky London N248 Royal Armouries SKYREG Sky Regions S229 Royal Botanic Garden Edinburgh SKYSW Sky South Wales E032 Royal Botanic Gardens I460 Soni F765 Royal Household Branch V618 Sopra Steria H033 Royal Mint SDBR Sound F212 Royal Museums Greenwich SETLCH South East TLC 5ROH Royal Opera House STLCH South TLC ROHTM Royal Opera House Tech Managers WS South Wales Freelance 3STR Royal Shakespeare Company South Wales Theatres, Leisure & Live 4SWTL RNEB Runners & New Entrants Branch Events N422 RWE D328 South West Retired Members Group

Branches – Prospect annual report 2020 • 43 Branch code Branch name Branch code Branch name South West/South Wales Regional MTV Viacom Branch H307 Branch F213 Victoria & Albert Museum SWE South Western Freelance BELLS Virgin Media Bellshill IS Southern Ireland Freelance NTLMAN Virgin Media Manchester D327 Southern Retired Members Group R308 Virtual Regional Branch SFXBR Special Effects V626 Vodafone SPEC Spectrum Radio WMC Wales Millennium Centre F702 Sports Professionals D311 Wales Retired Members Group J759 SSE (Ovo) Energy Services WDTB Walt Disney Theatrical STGBR Stagehands WSHBH Watershed Bristol C742 Stansted H087 Welsh Government F021 Stationery Office 4WNO Welsh National Opera R360 Students 5WECT West End Commercial Theatres 2SUN Sunderland Theatres WM West Midlands Freelance V606 Sure Telecoms D319 West Midlands Retired Members Group D320 SW Midlands Retired Members Group West Midlands Theatre, Leisure and Live 3WMT V619 Tata Consultancy Services Events F247 Tate Gallery WTLCH West TLC V620 Tech Mahindra WE Western Freelance V624 Telefonica M451 Western Power Distribution M166 Telent Technology Services Ltd K284 Westinghouse D324 Thames Valley Retired Members Group M723 WHRI- Warwick FARM The Farm Group WOODN Wood Norton F241 The National Archives H085 WRC J724 The Pirbright Institute WPDB Writers Producers and Directors TTHB Theatres Touring Branch V629 Yell N273 TG YH York & Humberside Freelance E201 Transport For London APYOR York Grand Opera House 3NTR Trch Nottingham 2YOT York Theatre E039 Trinity House Yorkshire & Humberside Leisure & Live YHLL F040 Trustee Museums & Galleries Events S154 TUV NEL YHTB Yorkshire & Humberside Theatres H079 UK Intellectual Property Office D315 Yorkshire Retired Members Group F416 UK Power Networks 5YVT Young Vic Theatre H739 UK Research and Innovation J004 UKAEA J190 UKAS ULS Ulster TV UGRPBR Uncertified Grips & Crane Techs M745 Uniper K447 United Utilities F269 Universities UK J031 University Of Greenwich Branch K178 Urenco E067 Valuation Office Agency M434 Veolia

44 • Prospect annual report 2020 – Branches 14 Finance

in income during the year of £217,000 this will be key data derived in the new Introduction (2019: £372,000). With no increases in CRM system. We have also supported subscription rates since January 2018 our members with a donation to our Summary position the growth in income has come from an Benevolent Fund of £29,000 and 2020 has been a difficult year, Prospect increase in our membership base. Total helped facilitate the grants provided in common with all aspects of society membership grew during the year by by Creative Scotland Hardship Fund. 5,222 to 150,732. Working members has been dealing with the impact of Operating costs have reduced this also increased, rising from 120,399 at the coronavirus pandemic. As this year to £21,397,000 from £23,394,000 the start of the year to 125,226 at the review was written we look forward in 2019. This is largely due to reduced end of December an increase of 4,827 to the spring and summer when the activity including the cancellation members. However, this membership economy will begin to reopen if we of the National Conference and increase should have increased income remain on schedule. Despite these reduced travel and subsistence. This more than it has. This is due to the unprecedented times, financially we has resulted in an operating surplus discounts we have applied during have held up well due to a combination of £738,000 this year compared to 2020 in support of members with of support through the Job Retention an operating deficit of £1,318,000 in reduced income due to COVID-19 and Scheme and vastly reduced travel 2019. and subsistence, which has meant a number of members who have simply significant cost savings due to reduced reduced subscriptions in the banded Decreases in operating expenditure in activity and remote working. rates following income reductions. 2020 can be seen in the following areas: Essentially, we have to do far more • Committees and Conferences – Subscription income remained strong work on revenue yield per member and Costs in 2020 were £121,000 versus again during 2020, with an increase

Finance – Prospect annual report 2020 • 45 £406,000 in 2019. The National Other non-cash items Future plans Conference scheduled for May Whilst our investment portfolio 2020 in Bournemouth was cancelled Whilst the pandemic has seen a increased at the end of the year, the and will next be held in 2022. significant deterioration in many three defined benefit pension scheme • Local democratic, organising aspects of the economy, we have valuations have worsened by a mix and education – Costs in this been fortunate to see a temporary of a reduction in the value of our area saw a significant fall from reduction in our cost base. We liabilities as required under accounting £1,073,000 in 2019 to £392,000 must now try to maintain some regulations and increases in the due to reduced spending by of the positive lessons we have costs of our schemes not recorded branches and sections. learnt from this and embed more elsewhere. • Employment Costs – Costs remote working and digital process fell from £16,756,000 in 2019 to Overall, despite the worsening pension improvements. We are now in the £16,373,000 in 2020. This reduction deficit the comprehensive result for process of defining our needs for a is primarily due to reduced staff the year is a positive movement in new CRM (membership database). travel throughout most of 2020. our balance sheet with £1,694,000 This will enable us to combine being transferred to reserves. This the two separate databases and • Property Costs – Costs in this area has meant we have maintained our integrate with our finance system. saw a slight increase in the year strong financial position with a healthy This should see significant process from £1,563,000 to £1,609,000. balance sheet due to the strength of improvement as well as our ability to This was due to the costs our underlying asset base. Whilst more have more refined communications associated with making our offices can always be done, we must again with members. COVID-19 secure and costs relating thank all of staff and representatives to the exit from our Chertsey office. for the hard work and dedication • Administration and other in maintaining the Union’s financial supplies – Costs in this area strength. were lower than in 2019 going from £1,915,000 to £1,439,000 in 2020. This year we saw reductions in spending on postage and Risks stationery as well as legal and As reported last year the main risk facing the Union is the inherent uncertainty professional fees. surrounding our three defined benefit pension schemes. At the end of the year the • Benefits to members– A liabilities calculated under FRS 102 accounting rules are as follows: decrease in spending on member benefits from £1,681,000 to 2020 2019 2018 £1,462,000 in 2020. Due to Prospect Pension Scheme £4,992,000 £5,871,000 £6,137,000 moving away from print to digital versions of our member Bectu Pension Scheme £10,800,000 £8,356,000 £6,866,000 communications. Connect Pension Scheme £17,491,000 £15,995,000 £14,598,00 Investment income and returns Total £33,283,000 £30,222,000 £27,601,000 Our income from investment operations increased during All three of our defined benefit Negotiations are currently underway 2020 from £1,072,000 in 2019 to schemes are currently undergoing with the Connect Trustees and £2,048,000 in 2020. Whilst our or have just recently concluded the Prospect negotiations will begin as dividend income reduced during the three yearly valuation. This requires soon as we receive the initial results. year, we received a significant surplus the Trustees of each scheme and With historically low gilt yields we will on the sale of some investments the employer agreeing a deficit be faced with calls for both additional prior to reinvestment in another recovery plan. The Bectu scheme deficit contributions and increases in fund. Conversely the change in the deficit recovery plan was finalised the employer contributions. The NEC fair value or market value of our in late 2020 with the new payment have recently approved a review of investments has seen a lower credit arrangements taking place from our staff pension provision. Over the to the accounts this year compared 1 January 2021. This resulted in an next twelve months we will look at to 2019. Our investment portfolio overall increase in costs of £125,000 the options to de-risk the schemes to held up well over the period and in the first year. The Connect scheme ensure they are sustainable for the ended the year up by £2,042,000 to triennial valuation date is 1 July 2020 future as well as maintaining a high- £39,971,000. with Prospect on 31 December 2020. quality retirement provision for staff.

46 • Prospect annual report 2020 – Finance Prospect accounts 2020

INCOME Income Subscriptions £21,873,000 £24,183m Investment Income £645,000 Other income from members £262,000

Rental income £169,000

Other income £1,234,000

TOTAL INCOME £24,183,000

EXPENDITURE Employment costs £16,373,000

Expenditure Admin and other supplies £1,440,000 £21,397m Property costs £1,609,000 Benefits to members £1,462,000

Local democratic organisation and education £392,000

Committees and conferences £121,000

TOTAL EXPENDITURE £21,397,000

YEAR END ADJUSTMENTS Pension scheme FRS 102 (£3,061,000)

Change in fair value of investments £914,000 Reserves SURPLUS FOR THE YEAR £1,694,000 £26,244m

RESERVES General fund £25,611,000

Political fund £633,000

TOTAL £26,244,000

NET ASSETS Investments £39,971,000 Net assets Fixed Assets (inc land and buildings) £13,901,000 £26,244m Current assets £8,320,000 Current liabilities (£2,665,000)

Pension schemes’ liabilities (£33,283,000)

BALANCE SHEET TOTAL £26,244,000

Finance – Prospect annual report 2020 • 47 Statement of 1992 (Amended). It is also responsible statements section of our report. for safeguarding the assets of the We are independent of the Union in responsibilities of the Union and hence for taking reasonable accordance with the ethical require- steps for the prevention and detection ments that are relevant to the audit National Executive of fraud and other irregularities. of the financial statements in the UK, Committee including the FRC’s Ethical Standard, Report of the and we have fulfilled our other ethical The legislation relating to trade unions responsibilities in accordance with requires the Union to submit a return independent auditors these requirements. We believe that for each calendar year to the Certi- to the members the audit evidence we have obtained fication Officer. This return contains is sufficient and appropriate to pro- financial statements that must give of Prospect vide a basis for our opinion.. a true and fair view of the state of Conclusions relating Opinion affairs of the Union at the year end to going concern and of its transactions for the year We have audited the financial then ended. The financial statements In auditing the financial statements, statements shown on pages 49-70 set out on the following pages have we have concluded that the National of Prospect (“The Union”) for the been prepared on the same basis and Executive Committee’s use of the year ended 31 December 2020 which are used to complete the return to the going concern basis of accounting comprise the Income and Expenditure Certification Officer. in the preparation of the financial account, the Statement of statements is appropriate. The requirement to prepare financial Comprehensive Income, the Balance statements that give a true and fair Sheet, the Statement of Cash Flows Based on the work we have performed, view is the responsibility of the Nation- and notes to the Financial Statements, we have not identified any material al Executive Committee. The National including a summary of the significant uncertainties relating to events Executive Committee is responsible accounting policies. The financial or conditions that, individually or for preparing financial statements in reporting framework that has collectively, may cast significant doubt accordance with applicable law and been applied in their preparation is on the Union’s ability to continue as a United Kingdom Accounting Stan- applicable law and United Kingdom going concern for a period of at least dards (United Kingdom Generally Ac- Accounting Standards, including twelve months from when the financial cepted Accounting Practice), including Financial Reporting Standard 102 statements are authorised for issue. Financial Reporting Standard 102. In The Financial Reporting Standard Our responsibilities and the so doing, the National Executive Com- applicable in the UK and Republic of responsibilities of the National mittee is required to: Ireland (United Kingdom Generally Executive Committee with respect • Select suitable accounting policies Accepted Accounting Practice). to going concern are described in the and then apply them consistently. In our opinion the financial state- relevant sections of this report. • Make judgements and estimates ments: that are reasonable and prudent. Other information • Give a true and fair view of the • State whether applicable state of the Union’s affairs as at 31 The other information comprises the accounting standards have been December 2020 and of its income information included in the annu- followed, subject to any material and expenditure for the year then al report other than the financial departures being disclosed ended; and statements and our auditor’s report and explained in the financial • Have been properly prepared in thereon. The National Executive Com- statements. accordance with United Kingdom mittee is responsible for the other in- • Prepare the financial statements Generally Accepted Accounting formation contained within the annual on the going concern basis unless it Practice. report. Our opinion on the financial is inappropriate to do so. statements does not cover the other Basis for opinion The National Executive Committee information and we do not express any is responsible for keeping proper We conducted our audit in accor- form of assurance conclusion thereon. accounting records and establishing dance with International Standards Our responsibility is to read the other and maintaining a satisfactory system on Auditing (UK) (ISAs (UK)) and information and, in doing so, con- of internal controls over its account- applicable law. Our responsibilities sider whether the other information ing records and transactions in order under those standards are further is materially inconsistent with the to comply with the Trade Union and described in the Auditor’s responsi- financial statements or our knowledge Labour Relations (Consolidation) Act bilities for the audit of the financial obtained in the course of the audit, or

48 • Prospect annual report 2020 – Finance otherwise appears to be materially ble, matters related to going concern • We considered the incentives and misstated. If we identify such material and using the going concern basis opportunities that exist in the inconsistencies or apparent material of accounting unless the National Union, including the extent of misstatements, we are required to Executive Committee either intends management bias, which present determine whether this gives rise to a to liquidate the Union or to cease a potential for irregularities and material misstatement in the finan- operations, or have no realistic alter- fraud to be perpetuated, and cial statements themselves. If, based native but to do so. tailored our risk assessment on the work we have performed, we accordingly. Auditor’s responsibilities for the conclude that there is a material mis- audit of the financial statements • Using our knowledge of the Union, statement of this other information, together with the discussions held we are required to report that fact. Our objectives are to obtain with the Union at the planning reasonable assurance about whether stage, we formed a conclusion on We have nothing to report in this the financial statements as a whole the risk of misstatement due to regard. are free from material misstatement, irregularities including fraud and Matters on which we are required whether due to fraud or error, and tailored our procedures according to report by exception issue an auditor’s report that includes to this risk assessment. our opinion. Reasonable assurance is The Trade Union and Labour Relations The key procedures we undertook a high level of assurance, but is not a (Consolidation) Act 1992 (Amended) to detect irregularities including guarantee that an audit conducted in requires us to report to you if, in our fraud during the course of the audit according with ISAs (UK) will always opinion: included: detect a material misstatement when • A satisfactory system of control • Identifying and testing journal it exists. Misstatements can arise over transactions has not been entries and the overall accounting from fraud or error and are considered maintained; or records, in particular those that material if, individually or in the were significant and unusual. • The Union has not kept proper aggregate, they could reasonably be accounting records; or expected to influence the economic • Reviewing the financial statement • The financial statements are not decisions of users taken on the basis of disclosures and determining in agreement with the books of these financial statements. whether accounting policies have account; or been appropriately applied. Irregularities, including fraud, are • We have not received all the • Reviewing and challenging the instances of non-compliance with laws information and explanations we assumptions and judgements used and regulations. We design proce- need for our audit. by management in their significant dures in line with our responsibilities, accounting estimates, in particular We have nothing to report in this outlined above, to detect material in relation to defined benefit regard. misstatements in respect of irregu- pension schemes. larities, including fraud. The extent Responsibilities of the National • Testing key revenue lines, in to which our procedures are capable Executive Committee particular cut-off, for evidence of of detecting irregularities, including management bias. As explained more fully in the State- fraud is detailed below: • Performing a physical verification ment of Responsibilities of the Nation- As part of our planning process: of key assets. al Executive Committee, the National • We enquired of management Executive Committee is responsible • Obtaining third-party confirmation the systems and controls the for the preparation of financial of material bank balances, Union has in place, the areas of statements and being satisfied that investment valuations and the financial statements that they give a true and fair view, and for defined benefit pension scheme are mostly susceptible to the risk such internal control as the National valuations. of irregularities and fraud, and Executive Committee determine is • Employment costs were tested on whether there was any known, necessary to enable the preparation sample basis. suspected or alleged fraud. of financial statements that are free • Reviewing documentation such • We obtained an understanding from material misstatement, whether as minutes of meetings and of the legal and regulatory due to fraud or error. confirmation from solicitors frameworks applicable to the for discussions of irregularities In preparing the financial state- Union. We determined that the including fraud. ments, the National Executive Com- following were most relevant: mittee is responsible for assessing FRS 102 and the Trade Union and Owing to the inherent limitations the Union’s ability to continue as a Labour Relations (Consolidation) of an audit, there is an unavoidable going concern, disclosing, as applica- Act 1992 (Amended). risk that we may not have detected

Finance – Prospect annual report 2020 • 49 some material misstatements in the Use of our report to the HW FISHER LLP financial statements even though we members of Prospect Chartered Accountants have properly planned and performed Statutory Auditor our audit in accordance with auditing This report is made solely to the Date 23-Apr-21 standards. The primary responsibil- Union’s members, as a body. Our audit Acre House ity for the prevention and detection work has been undertaken so that we 11/15 William Road of irregularities and fraud rests with might state to the Union’s members London NW1 3ER those charged with governance of the those matters we are required to state Union. to them in an auditor’s report and for no other purpose. To the fullest extent A further description of our respon- permitted by law, we do not accept or sibilities for the audit of the financial assume responsibility to anyone other statements is located on the Financial than the Union and the Union’s mem- Reporting Council’s website at bers as a body, for our audit work, for http://www.frc.org.uk/auditorsre- this report, or for the opinions we have sponsibilities. This description forms formed. part of our auditor’s report.

50 • Prospect annual report 2020 – Finance Income and expenditure account – general fund – year ended 31 December 2020

2020 2019 Note £’000 £’000 £’000 £’000

OPERATING INCOME

Subscriptions 21,873 21,656

Other Income from Members 262 420

22,135 22,075

OPERATING EXPENDITURE

Committees and Conferences 3 121 406

Local Democratic Organisation and Education 4 392 1,073

Employment costs 5 16,373 16,756

Property costs 6 1,609 1,563

Administration and Other Supplies 7 1,440 1,915

Benefits to Members 8 1,462 1,681

(21,397) (23,393)

OPERATING DEFICIT 738 (1,318)

Investment Income 9 2,048 1,072

SURPLUS/(DEFICIT) AFTER INVESTMENT INCOME 2,786 (246)

Change in the Fair Value of Investments 13 914 4,906

SURPLUS AFTER INVESTMENT OPERATIONS 3,700 4,660

NON-OPERATING ITEMS

Net pension scheme expenditure 10 (1,648) (743)

Other Items 11 1,055 -

SURPLUS FOR THE YEAR 3,107 3,917

OTHER COMPREHENSIVE INCOME

Actuarial losses on defined benefit pension schemes 17 (1,413) (1,878)

COMPREHENSIVE RESULT FOR THE YEAR 1,694 2,039

RESERVES AT THE BEGINNING OF THE YEAR 23,917 21,878

RESERVES AT THE END OF THE YEAR 25,611 23,917

Finance – Prospect annual report 2020 • 51 Income and expenditure account – political fund – year ended 31 December 2020

2020 2019

£’000 £’000

OPERATING INCOME

Subscriptions 50 63

50 63

OPERATING EXPENDITURE (49) (44)

SURPLUS FOR THE YEAR 1 19

POLITICAL FUND AT BEGINNING OF THE YEAR 632 613

POLITICAL FUND AT END OF THE YEAR 633 632

Combined income and expenditure account – year ended 31 December 2020

General Political Total Total Fund Fund 2020 2019

Note £’000 £’000 £’000 £’000

OPERATING INCOME 22,135 50 22,185 22,138

OPERATING EXPENDITURE (21,397) (49) (21,446) (23,437)

OPERATING (DEFICIT)/SURPLUS 738 1 739 (1,299)

Income from Investment Operations 9 2,048 - 2,048 1,072

Change in the Fair Value of Investments 13 914 - 914 4,906

SURPLUS/(DEFICIT) AFTER INVESTMENT 3,700 1 3,701 4,680 OPERATIONS

OTHER ITEMS

Net pension scheme expenditure 10 (1,648) - (1,648) (743)

Exceptional Income 11 1,055 - 1,055 -

SURPLUS/(DEFICIT) FOR THE YEAR 3,107 1 3,108 3,938

OTHER COMPREHENSIVE INCOME

Actuarial (losses)/gains on defined benefit pension 17 (1,413) - (1,413) (1,878) schemes

COMPREHENSIVE RESULT FOR THE YEAR 1,694 1 1,695 2,058

RESERVES AT BEGINNING OF THE YEAR 23,917 632 24,549 22,491

RESERVES AT END OF THE YEAR 25,611 633 26,244 24,549

52 • Prospect annual report 2020 – Finance Balance sheet – year ended 31 December 2020

2020 2019

Note £’000 £’000 £’000 £’000

FIXED ASSETS

Tangible Fixed Assets 12 13,901 14,095

Investments 13 39,971 37,928

53,872 52,023

CURRENT ASSETS

Debtors and prepayments 14 2,537 2,307

Cash in bank and in hand 5,783 2,450

8,320 4,757

CURRENT LIABILITIES

Creditors and accruals 15 2,665 2,009

NET CURRENT ASSETS 5,655 2,748

NET ASSETS EXCLUDING PENSION

OBLIGATIONS 59,527 54,771

PROVISIONS FOR LIABILITIES

Pension Scheme Deficit 17 (33,283) (30,222)

26,244 24,549

Represented by:

RESERVES – GENERAL FUND 25,611 23,917

RESERVES – POLITICAL FUND 633 632

26,244 24,549

Approved for issue to the members on 18th March 2021.

Mike Clancy General Secretary

Eleanor Wade President

Finance – Prospect annual report 2020 • 53 Cash flow statement – year ended 31 December 2020

2020 2019

Note £’000 £’000

Cash flows from Operating Activities

Surplus after Investment Operations 3,701 4,679

Adjustments for:

Other Items 1,055 -

(Surplus)/Deficit on sale of investments (1,149) (48)

Change in investment values (914) (4,906)

Depreciation 567 612

Loss on sale of fixed assets 20 19

Movements in working capital:

Change in debtors (230) (226)

Change in creditors 656 641

Net cash used in generated from operations 3,706 771

Investing Activities:

Payments to acquire tangible fixed assets (468) (502)

Payments to acquire fixed asset investments (15,746) (3,213)

Receipts from sale of tangible fixed assets 75 59

Receipts from sale of fixed asset investments 15,396 1,861

Changes in cash deposits 370 1,212

Net cash flow from investing activities (373) (583)

Net increase in cash and cash equivalents 19 3,333 188

Cash balances brought forward 2,450 2,262

Cash balances carried forward 5,783 2,450

54 • Prospect annual report 2020 – Finance Notes to the financial statements

disruption. Accordingly, at the time of 1.7 Depreciation 1. Accounting policies approving the financial statements, Depreciation is provided on all tangible the National Executive Committee The financial statements have fixed assets, except freehold land, has a reasonable expectation that been prepared in accordance with to write off the cost less estimated the Union has adequate resources applicable accounting standards. The residual value in equal annual to continue in operation for the specific accounting policies adopted instalments over the estimated useful foreseeable future. Thus, the National are set out below: economic lives of the assets. The Executive Committee continues to estimated useful economic lives are as adopt the going concern basis of 1. 1 Accounting Convention follows: accounting in preparing the financial The financial statements have been statements. Freehold buildings 50 years prepared in accordance with FRS102 “The Financial Reporting Standard 1.3 Subscriptions Furniture and fittings 10 years applicable in the UK and Republic Subscriptions are accounted for on an Office equipment 4 years of Ireland” (“FRS102”). The accounts accruals basis. have been prepared under historical IT Equipment 4 years cost convention with items recognised 1.4 Rental income Motor vehicles are depreciated over a at cost or transaction value unless 5 year period with a residual value of Rental income is accounted for on otherwise stated in the relevant notes 30% of cost. an accruals basis and derived from to the financial statements. properties classified within land and The gain or loss arising on the disposal Trade Unions are governed by the buildings. of an asset is determined as the Trade Union and Labour Relations difference between the sale proceeds 1.5 Expenditure (Consolidation Act) 1992 Amended. and the carrying value of the asset Under that Act the accounts of Trade All expenditure in the accounts is and is recognised in the Income and Unions are required to give a true and inclusive of VAT where applicable. Expenditure account. fair view. Therefore, the accounts of Trade Unions are prepared under 1.6 Tangible Fixed Assets 1.8 Pension Costs FRS102. However, as a Trade Union Tangible fixed assets are initially The Union operates three defined is not a company the Regulations measured at cost and subsequently benefit pension schemes, all of which that form the basis of disclosures measured at cost, net of depreciation require contributions to be made to under FRS102 have been adapted as and any impairment losses. At each separately administered funds. The considered necessary to ensure the reporting date, the Union reviews the cost of providing benefits under the accounts give a true and fair view to carrying amounts of its tangible fixed defined benefit plans is determined the members of the Trade Union. assets to determine whether there is separately for each plan using the The Union is a public benefit entity. any indication that those assets have projected unit credit method which suffered an impairment loss. If any attributes entitlement to benefits The financial statements have been such indication exists, the recoverable to the current period (to determine prepared in sterling, which is the amount of the asset is estimated in current service cost) and to the current functional currency of the Union. The order to determine the extent of the and prior periods (to determine the monetary amounts of these financial impairment loss (if any). present value of the defined benefit statements are rounded to the nearest obligations) and is based on actuarial thousand. A small proportion of the land and advice. buildings within tangible fixed assets 1.2 Going concern are let to tenants. The Union generates The net interest element is determined The National Executive Committee income from letting agreements and by multiplying the net defined benefit has considered the effect of the hence a proportion of these properties liability by the discount rate, at the COVID-19 outbreak. The union has are investment properties. However, start of the period taking into account adapted the way it delivers services to due to the quantum of the amounts any changes in the net defined benefit members, so the outbreak has caused involved and the disproportionate liability during the period as a result little disruption to the Union’s business cost and effort involved, the Union has of contribution and benefit payments. to date and the National Executive taken the decision to not separately The net interest is recognised in the Committee consider that a prolonged disclose the proportion of properties income and expenditure accounts as outbreak is unlikely to cause further owned and let to tenants. pension movement.

Finance – Prospect annual report 2020 • 55 Remeasurements, compromising rates that are expected to apply in the which are not subsidiaries, associates actuarial gains and losses, the effect of period where the liability is settled or or joint ventures, are initially measured the asset ceiling and the return on the the asset is realised. Deferred tax is at fair value, which is normally the net defined benefit liability (excluding charged or credited in the income and transaction price. Such assets are amounts included in the net interest) expenditure account. subsequently carried at fair value and are recognised immediately in other the changes in fair value recognised in The Union has adopted a reinvestment comprehensive income in the period the income and expenditure account, policy whereby all realised proceeds in which they occur. Remeasurements except that investments in equity on the disposal of investments are are not reclassified to income and instruments that are not publicly reinvested into other chargeable expenditure in subsequent periods. traded, and whose fair value cannot assets, thereby eliminating any current be measured reliably, are measured at The defined net benefit pension tax liability and thereby the need cost less impairment. asset or liability in the balance sheet for the recognition of a deferred tax comprises the total for each plan of the liability. Where the proceeds are not 1.15 Impairment of financial assets present value of the defined benefit fully invested no current tax liability obligation (using a discount rate based is considered likely to arise due to Financial assets, other than those held on high quality corporate bonds), less expenditure on provident benefits at fair value through the income and the fair value of plan assets out of exceeding any chargeable gains that expenditure account, are assessed which the obligations are to be settled might arise. for indicators of impairment at each directly. Fair value is based on market reporting end date. 1.11 Cash and cash equivalents price information and in the case of Financial assets are impaired where quoted securities is the published Cash and cash equivalents include there is objective evidence that, as bid price. The value of a net pension cash in hand, deposits held on call with a result of one or more events that benefit asset is limited to the amount banks, other short-term investments occurred after the initial recognition that may be recovered either through with original maturities of three of the financial asset, the estimated reduced contributions or agreed months or less, and bank overdrafts. future cash flows have been affected. refunds from the scheme. The impairment is recognised in the 1.12 Financial instruments Payments to defined contribution income and expenditure account. Financial assets are recognised in the retirement benefit schemes are 1.16 Basic financial liabilities charged as an expense as they fall due. Union’s balance sheet when the Union becomes party to the contractual Basic financial liabilities, including 1.9 Corporation Tax provisions of the instrument. trade and other payables, are initially recognised at the transaction price Corporation tax is payable on the Financial assets are classified into unless the arrangement constitutes a excess of interest income, rental specified categories. The classification financing transaction. income and chargeable gains arising depends on the nature and purpose of on the disposal of properties and the financial assets and is determined Trade payables are obligations to pay investments over expenditure on the at the time of recognition. for goods or services that have been provident benefits and reinvested acquired in the ordinary course of the chargeable gains for the year. 1.13 Basic financial assets activity of the Union from suppliers. Provident benefits comprise of Basic financial assets, which include Accounts payable are classified as payments as set out in the rules of the trade and other receivables and current liabilities if payment is due Union, which relate to death benefit cash and bank balances, are initially within one year or less. Trade payables and legal assistance, and a proportion measured at transaction price are initially recognised at transaction of the costs of administrating the including transaction costs and are price and derecognised when, and Union in relation to those benefits. subsequently carried at amortised cost only when, the Union’s obligations are using the effective interest method discharged, cancelled or they expire. 1.10 Deferred Tax unless the arrangement constitutes 1.17 Branches Deferred tax liabilities are generally a financing transaction, where the recognised for all timing differences transaction is measured at the present The transactions of the branches and deferred tax assets are recognised value of the future receipts discounted during the period are included in these to the extent that it is probable that at a market rate of interest. accounts as are the net assets held directly by them at the balance sheet they will be recovered against the 1.14 Other financial assets reversal of deferred tax liabilities or date. other future taxable income. Other financial assets, including investments in equity instruments Deferred tax is calculated at the tax

56 • Prospect annual report 2020 – Finance 1.18 Fixed asset investments income and expenditure account on a give rise to a timing difference and to straight line basis over the term of the deferred tax liabilities. Investments are a form of basic relevant lease. financial instrument and are initially Mixed Use Asset (Freehold Building) - recognised at their transaction value 1.21 Government Grants The top floor of the Union’s premises at and subsequently measured at their New Prospect House is let out to a third Government grants, which include fair value at the balance sheet date party. That part of the premises has amounts received under the using the closing quoted market price not been recognised as an investment Coronavirus Job Retention Scheme, (where applicable). The income and property as the Union does not believe are recognised at the fair value of the expenditure account includes the that the fair value of the investment grant received or receivable when net gains and losses arising on the property component can be measured there is reasonable assurance that revaluation and disposals throughout reliably. the grant conditions will be met, the year. The Union does not acquire and the grants will be received. The 2.2 Key Sources of put options, derivatives or other income is recognised in other income estimation uncertainty complex financial instruments. The on a systematic basis over the periods main form of financial risk faced by The cost of defined benefit pension in which the associated costs are the Union is that of volatility in equity plans is determined using actuarial incurred, using the accrual model. markets and investment markets due valuations. The actuarial valuation to wider economic conditions, the involves making assumptions about attitude of investors to investment risk, 2. Judgements discount rates, future salary increases, and changes in sentiment concerning and key sources of mortality rates and future pension equities and within particular sectors increases. Due to the complexity or sub sectors. estimation uncertainty of the valuation, the underlying assumptions and the long term nature 1.19 Realised gains and losses The preparation of the financial of these plans, such estimates are All gains and losses are recognised to statements requires management subject to significant uncertainty. In the income and expenditure account to make judgements, estimates and determining the appropriate discount as they arise. Realised gains and losses assumptions that affect the amounts rate, management considers the on investments are calculated as the reported for assets and liabilities as interest rates of corporate bonds in the difference between the sales proceeds at the balance sheet date and the respective currency with at least AA and their opening carrying value amounts reported for revenues and rating, with extrapolated maturities or their purchase value if acquired expenses during the year. However, the corresponding to the expected subsequent to the first day of the nature of estimation means that actual duration of the defined benefit financial year. Unrealised gains and outcomes could differ from those obligation. The underlying bonds are losses are calculated as the difference estimates. further reviewed for quality, and those between the fair value at the year end having excessive credit spreads are 2.1 Critical Judgements and their carrying value. Realised and removed from the population bonds unrealised investment gains and losses Under HMRC rules affecting the on which the discount rate is based, on are separated between the surplus on taxation of trade unions, a corporation the basis that they do not represent investments and changes in market tax liability does not arise on high quality bonds. The mortality rate value in the income and expenditure chargeable gains arising from the is based on publicly available mortality account. disposal of properties and investments tables for the specific country. Future where such gains are reinvested salary increases and pension increases 1.20 Leases into other chargeable assets in the are based on expected future inflation Assets held under finance leases and same accounting period. The Union rates for the respective country. hire purchase contracts are capitalised has adopted a policy whereby such Further details are given in note 17. and depreciated over the period of the chargeable gains are all reinvested, Legal Provisions - The Union is involved lease or the estimated useful economic thereby eliminating any corporation in numerous ongoing legal cases on lives of the assets, whichever is shorter. tax liability. Where the proceeds are behalf of its members, the outcomes The finance charges are allocated over not fully reinvested, no corporation of which are inevitably uncertain. the period of the lease in proportion tax liability is considered likely to arise Provision has been made for the to the capital outstanding and are due to the availability of sufficient estimated unbilled costs where the charged to the income and expenditure excess expenditure on provident Union considers that they may not be account. Rentals payable under benefits. Accordingly, in the opinion of fully recovered. operating leases, including any lease the management, the revaluation of incentives received, are charged to the properties and investments does not

Finance – Prospect annual report 2020 • 57 Notes to the financial statements year ended 31 December 2020

2020 2019

£'000 £'000

3 COMMITTEES AND CONFERENCES

National Committees 121 125

National and Sector Conferences - 281

121 406

4 LOCAL DEMOCRATIC ORGANISATION AND EDUCATION

Professional, Departmental and Other Groups 92 136

Branches and Sections 264 777

Education and Training 36 160

392 1,073

5 EMPLOYMENT COSTS

Staff Salary Costs 14,391 14,097

Additional Pension Contributions 1,236 1,462

Travel, Subsistence and Mobile Phones 306 727

Other Staffing Costs 440 470

16,373 16,756

6 PROPERTY COSTS

Rent, Rates and Service Charges 769 701

Light and Heat 121 147

Decoration, Repairs and Maintenance 192 182

Cleaning and Security 202 214

Property Depreciation 220 219

Insurance and Health and Safety 105 100

1,609 1,563

58 • Prospect annual report 2020 – Finance Notes to the financial statements – year ended 31 December 2020 (continued)

2020 2019

£’000 £’000

7 ADMINISTRATION AND OTHER SUPPLIES

Equipment Maintenance and Repairs 69 112

Printing, Stationery and Postage 113 294

Telephone 139 225

IT Costs 670 681

Other Office Services 92 125

Bank Charges and Collection of Subscriptions 95 80

Research, Publications and Subscriptions 29 48

Editorial Publishing and Publicity 57 77

Legal, Professional and Audit Fees 176 273

1,440 1,915

8 BENEFIT TO MEMBERS

Affiliations and Donations 672 611

Members Benefits 642 933

Recruitment and Organisation 148 137

1,462 1,681

9 INVESTMENT INCOME

Investment Income 645 813

Rental Income 169 163

Surplus on sale of investments 1,149 48

Other Income 85 48

2,048 1,072

Finance – Prospect annual report 2020 • 59 Notes to the financial statements – year ended 31 December 2020 (continued)

10 NET PENSION SCHEME PPS CPS Bectu Total EXPENDITURE 2020 2019 2020 2019 2020 2019 2020 2019

£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000

Current service cost (3,534) (2,814) (322) (318) (413) (347) (4,269) (3,479)

Past service cost - - - - (17) - (17) -

Administration Costs (186) (182) (41) (36) (125) (112) (352) (330)

Contributions 1,997 2,187 680 692 904 917 3,581 3,796

(1,723) (809) 317 338 349 458 (1,057) (13)

Interest on scheme assets 2,059 2,561 300 359 467 594 2,826 3,514

Interest on scheme liabilities (2,161) (2,708) (621) (753) (635) (783) (3,417) (4,244)

Net interest on defined benefit (102) (147) (321) (394) (168) (189) (591) (730) liability

Net pension scheme (expenditure)/ (1,825) (956) (4) (56) 181 269 (1,648) (743) income

11 OTHER ITEMS 2020 2019

£’000 £’000

Exceptional Income (Rights to light and air) 427 -

Government Grant - Coronavirus Job Retention Scheme 628 -

1,055 -

60 • Prospect annual report 2020 – Finance Notes to the financial statements – year ended 31 December 2020 (continued)

12 TANGIBLE FIXED ASSETS Freehold land & Office Fixtures & IT Motor buildings equipment fittings equipment vehicles Total

£’000 £’000 £’000 £’000 £’000 £’000

COST

At 1 January 2020 15,758 277 151 1,726 896 18,808

Additions - - 21 213 234 468

Disposals - (13) (8) (407) (260) (688)

At 31 December 2020 15,758 264 164 1,532 870 18,588

DEPRECIATION

At 1 January 2020 2,655 178 78 1,350 452 4,713

Charge for the year 220 48 13 208 78 567

Disposals - (11) (8) (407) (167) (593)

At 31 December 2020 2,875 215 83 1,151 363 4,687

NET BOOK VALUE

At 31 December 2020 12,883 49 81 381 507 13,901

At 31 December 2019 13,103 99 73 376 444 14,095

Finance – Prospect annual report 2020 • 61 Notes to the financial statements – year ended 31 December 2020 (continued)

13 INVESTMENTS 2020

£’000

MARKET VALUE

At 1 January 2019 37,928

Additions 15,746

Disposal proceeds (15,396)

Net movement in cash deposits (370)

Surplus on sale of investments 1,149

Change in investment values 914

At 31 December 2020 39,971

Market Value Cost 2019

£’000 £’000

EQUITIES AND GILTS

Sarasin & Partners 13,079 14,928

Rathbone Investment Management 6,295 8,450

19,374 23,378

UNIT TRUSTS

Sarasin & Partners 3,906 4,481

Rathbone Investment Management 2,669 3,351

Trade Union Fund Managers 1,955 7,892

8,530 15,724

BANK DEPOSITS

Sarasin & Partners 312 312

Rathbone Investment Management 93 93

405 405

UNQUOTED SHARES

Unity Trust Bank PLC 327 455

Other 9 9

336 464

28,645 39,971

As set out in the accounting policies, no provision has been made for deferred tax due to the reinvestment policy adopted by the Union.

62 • Prospect annual report 2020 – Finance Notes to the financial statements – year ended 31 December 2020 (continued)

14 DEBTORS 2020 2019

£’000 £’000

Trade debtors 1,183 1,282

Other debtors 570 542

Prepayments and accrued income 784 483

2,537 2,307

15 CREDITORS 2020 2019

£’000 £’000

Trade creditors 379 237

Other creditors 338 251

Other taxes and Social Security 797 926

Accruals and deferred income 1,151 595

2,665 2,009

16 CONTINGENT LIABILITIES

The Union is involved in numerous ongoing legal cases on behalf of its members, the outcomes of which are inevitably uncertain. Provision has been made for the estimated unbilled costs where the Union considers that they may not be totally recovered.

Finance – Prospect annual report 2020 • 63 Notes to the financial statements – year ended 31 December 2020 (continued)

17 STAFF PENSION SCHEMES

The Union currently operates three defined benefit pension schemes for its employees; Prospect, Bectu and Connect. The assets for all of the schemes are held in trustee administered funds separate from the Union’s finances. This note sets out the pension cost information required for Prospect to meet its pension obligations as specified under FRS 102. The accounting date to which these disclosures relate is 31 December 2020. The last full actuarial valuation of the pension schemes was carried out using the projected unit method on 1 July 2017 for the Connect Scheme, which showed an actuarial deficit of £7.7M, at 31 December 2017 for the Prospect Scheme , which showed an actuarial deficit of £4.8M and 31 October 2019 for the Bectu Scheme with an actuarial deficit of £7.6M. The next full valuation is scheduled for 1 July 2020 for the Connect Scheme with negotiations now underway, 31 December 2020 for the Prospect Scheme and 31 October 2022 for the Bectu Scheme. There was an understatement in 2019 from prior years, in respect of the actuarial calculation of the FRS 102 pension deficit for the Connect Pension Scheme, which has been adjusted for a misstatement from prior years. The calculation for benefits paid for in 2017 and 2018 was understated. This was due to a group of pensioners being paid via a separate payroll who were not included in the accounting cash flow data used. The combined figure for both 2017 and 2018 was £472,000 and has been shown on the analysis of FRS 102 pension movement from the prior year currently shown on page 20. Included within current service costs are the following amounts relating to GMP equalisation: PPS £113K (2019: £107K), CPS £67K (2019: £61K) and Bectu £103K (2019: £94K), totalling £283K (2019:£262k). Pension deficit payments in 2021 are estimated to be £1,551K: Prospect Scheme £430K, Connect Scheme £516K and £605K to the Bectu Scheme.

The union’s contributions for PPS CPS Bectu the year were as follows: 2020 2019 2020 2019 2020 2019

£’000 £’000 £’000 £’000 £’000 £’000

2,066 2,147 665 678 935 942

Outstanding contributions at the year end were: 2020

£’000

PPS 173

CPS 56

Bectu 79

307

The main financial assumptions used in all three schemes were: PPS / CPS / Bectu

2020 2019

% %

Rate of increase in pensionable salaries 2.50 2.70

Rate of increase in pensions in payments 2.70 3.10

Discount rate for scheme liabilities 1.45 2.05

Rate of inflation – RPI 2.75 3.20

Rate of inflation – CPI 2.45 2.20

64 • Prospect annual report 2020 – Finance Notes to the financial statements – year ended 31 December 2020 (continued)

17 STAFF PENSION SCHEMES (CONTINUED)

Mortality assumption

The mortality assumptions are based on standard mortality tables which allow for future mortality improvements. The assumptions are that a member currently aged 65 will live on average for a further 22 years if they are male; and for a further 24 years if they are female.

Net liabilities of the schemes

The net pension liabilities recognised in the union’s balance sheet as at 31 December 2019 is as follows: PPS CPS Bectu Totals 2020 2019 2020 2019 2020 2019 2020 2019 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 Diversified growth 20,787 17,520 6,506 6,044 - - 27,293 23,564 funds Equities 33,934 33,642 7,053 6,375 7,090 6,878 48,077 46,895 Bonds and gilts 43,265 39,448 2,369 2,090 13,235 12,381 58,869 53,919 Property 10,111 10,352 - - 3,072 3,439 13,183 13,791 Cash/other 129 127 56 80 236 229 421 436 Total market value 108,226 101,089 15,984 14,589 23,633 22,927 147,843 138,605 of assets

Present value of (113,218) (106,960) (33,475) (30,584) (34,433) (31,283) (181,126) (168,827) liabilities

Scheme (Deficit) (4,992) (5,871) (17,491) (15,995) (10,800) (8,356) (33,283) (30,222)

The return on scheme assets for the year was a gain of £8.4m (2019: gain of £11.7m) for PPS, a gain of £1.4m (2019: gain of £1.9m) for CPS, and a gain of £984,000 (2019: gain of £2.1m) for Bectu.

Analysis of FRS PPS CPS Bectu Totals 102 pension 2020 2019 2020 2019 2020 2019 2020 2019 movement: £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 Other Pension Scheme (1,825) (956) (4) (56) 181 269 (1,648) (743) expenditure (Note 10)

Understated payment of benefits from - - - 472 - - - 472 prior years (see restatement paragraph above)

Remeasurement of defined benefit 2,704 1,222 (1,492) (1,813) (2,625) (1,759) (1,413) (2,350) pensions

879 266 (1,496) (1,397) (2,444) (1,490) (3,061) (2,621)

Pension (liability) (5,871) (6,137) (15,995) (14,598) (8,356) (6,866) (30,222) (27,601) brought forward

Pension (liability) (4,992) (5,871) (17,491) (15,995) (10,800) (8,356) (33,283) (30,222) carried forward

Finance – Prospect annual report 2020 • 65 Notes to the financial statements – year ended 31 December 2020 (continued)

17 STAFF PENSION SCHEMES (CONTINUED)

Changes to the present value of the defined benefit obligation during the year PPS CPS Bectu Totals Year ended Year ended Year ended Year ended 2020 2019 2020 2019 2020 2019 2020 2019 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 Opening defined 106,960 96,449 30,584 27,126 31,283 27,723 168,827 151,298 benefit obligation

Current service cost 3,534 2,814 322 318 413 347 4,269 3,479

Interest cost 2,161 2,708 621 753 635 783 3,417 4,244

Contributions by Scheme 22 12 - - - - 22 12 participants

Actuarial (gains)/ losses on Scheme liabilities & changes 3,658 7,885 2,543 2,885 3,142 3,272 9,343 14,042 to demo & fin assumptions

Net benefits paid (3,117) (2,908) (595) (498) (1,057) (842) (4,769) (4,248) out

Closing defined 113,218 106,960 33,475 30,584 34,416 31,283 181,109 168,827 benefit obligation

Changes to the fair value of scheme assets during the year PPS CPS Bectu Totals Year ended Year ended Year ended Year ended 2020 2019 2020 2019 2020 2019 2020 2019 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 Opening fair value 101,089 90,312 14,589 12,528 22,927 20,857 138,605 123,697 of Scheme Assets

Expected return on 2,059 2,561 300 359 467 594 2,826 3,514 Scheme assets

Return on plan assets excluding 6,362 9,107 1,051 1,544 517 1,513 7,930 12,164 interest income

Contributions by 1,997 2,187 680 692 904 917 3,581 3,796 the employer

Contributions by Scheme 22 12 - - - - 22 12 participants

Net benefits paid (3,117) (2,908) (595) (498) (1,057) (842) (4,769) (4,248) out

Administration (186) (182) (41) (36) (125) (112) (352) (330) Costs

Closing fair value of 108,226 101,089 15,984 14,589 23,633 22,927 147,843 138,605 Scheme assets

Actual return on 8,421 11,668 1,351 1,903 984 2,107 10,756 15,678 assets

66 • Prospect annual report 2020 – Finance Notes to the financial statements – year ended 31 December 2020 (continued)

18 COMMITMENTS UNDER OPERATING LEASES

LESSEE

At 31 December 2020, Prospect had obligations of total future minimum lease payments under non-cancellable operating leases for the following periods:

Land and buildings Other

2020 2019 2020 2019

£'000 £'000 £'000 £'000

Expiry date:

No later than one year 212 197 35 4

Later than one, no later than five years 140 209 46 2

352 406 81 6

The lease payments recognised as an expense during the year was £309,390 (2019: £217,453).

LESSOR

At 31 December 2020, Prospect had contractual future minimum lease receipts under non-cancellable operating leases for the following periods:

Land and buildings

2020 2019

£’000 £’000

Expiry date:

No later than one year 142 142

Later than one, no later than five years 146 288

288 429

The lease receipts recognised as rental income during the year was £141,800 (2019: £136,808)

19 ANALYSIS OF CHANGES IN NET DEBT

At 1 Jan Cash At 31 Dec 2020 Flows 2020

£’000 £’000 £’000

Cash 2,450 3,333 5,783

Finance – Prospect annual report 2020 • 67 Information to be provided to members under the Trade Union and Labour Relations (Consolidation) Act 1992 (amended)

Under the Trade Union and Labour Relations (Consolidation) Act 1992 (Amended), the Union is required to circulate all members with details of the salary and benefits provided to the General Secretary, the President and members of the National Executive Committee. The President and members of the National Executive Committee do not receive any salary from the Union or any benefits. All members of the National Executive Committee and the President are reimbursed for any out of pocket expenditure incurred by them in the performance of their duties on behalf of the Union, as is the General Secretary.

Name Position Details Amount

M Clancy General Secretary Salary £121,952

Bonus £450

Pension contributions £18,171

Taxable benefit (car) £6,315

DECLARATION TO MEMBERS

We are also required by the Trade Union and Labour Relations (Consolidation) Act 1992 (Amended) to include the following declaration in this statement to all members. The wording is as prescribed by the Act.

“A member who is concerned that some irregularity may be occurring, or have occurred, in the conduct of the financial affairs of the union may take steps with a view to investigating further, obtaining clarification and, if necessary, securing regularisation of that conduct.

The member may raise any such concerns with such one or more of the following as it seems appropriate to raise it with: the officials of the union, the trustees of the property of the union, the auditor or auditors of the union, the Certification Officer (who is an independent officer appointed by the Secretary of State) and the police.

Where a member believes that the financial affairs of the union have been or are being conducted in breach of the law or in breach of rules of the union and contemplates bringing civil proceedings against the union or responsible officials or trustees, he should consider obtaining independent legal advice.”

68 • Prospect annual report 2020 – Finance Schedule of subscriptions, donations and affiliation fees

AFFILIATION AND MEMBERSHIP FEES £

British Copyright Council 1,540

British Screen Advisory Council (BSAC) 1,575

Confederation of Shipbuilding and Engineering Unions (CSEU) 2,113

Creative Industries Federation 2,125

Association of Licensed Aircraft Engineers (AEI) 4,694

European Federation of Public Service Unions (EPSU) 14,218

European Transport Federation (ETF) 4,153

Int Fed Air Traffic Safety Electronics Assn (IFATSEA) 1,500

Irish Congress of Trade Unions (ICTU) 8,524

International Transport Worker Federation (ITF) 9,999

National Pensions Convention 2,250

Royal Aeronautical Society 1,328

ShareAction 3,000

Scottish TUC (STUC) 24,869

Trade Union Congress (TUC) 421,711

UK Flight Safety Committee 1,200

UNI Europa 5,614

Uni Global Union (Bectu) 123,440

Unions 21 3,752

Wales TUC Cymru 1,875

Other affiliation and membership fees under £1,000 (13) 3,458

642,939

DONATIONS AND APPEALS £

History Project 2,000

Show Racism the Red Card 1,250

War Child 11,715

Trussell Trust 10,790

Benevolent Fund 28,959

Other donations under £1,000 (13) 3,548

58,262

Finance – Prospect annual report 2020 • 69