Salaries & Wages inc Nat Insce & Supertn (£)	Printing, Stationery & Advertising (£)	Heating, Lighting & Cleaning (£)	Rent, Rates & Insurance (£)	Postages, Travelling & Miscellaneous Expenses (£)	Auditors, Architect & Other Professional Charges (£)	Repairs, Decorations & Adaption of Premises for Bank Purposes (£)	Depreciation (£)	Other (£)	Income Tax (£)	TOTAL (£)
1920	3,653	746	230	732	835	259	524	0	0	0	6,979
1921	12,543	1,220	435	3,313	1,271	923	817	248	1,308	0	22,078
1922	15,566	1,218	876	1,542	1,170	912	1,615	1,518	362	2,857	27,636
1923	14,701	1,461	1,138	2,246	1,092	1,911	967	2,513	0	4,000	30,029
1924	17,551	1,691	1,813	2,441	1,105	1,663	2,579	3,906	0	4,000	36,749
1925	21,128	2,363	1,726	3,231	1,326	2,545	6,400	4,003	0	3,500	46,222
1926	25,240	2,981	2,759	3,440	2,674	2,169	7,296	4,163	0	3,500	54,222
											223,915

 

 

The degree of detail regarding the amounts of Management Expenditure and Other Costs, disclosed in the Annual Accounts, varied from one period to another. The following analysis, therefore, is separated into sections reflecting the degree of disclosure.

 

NOTES:
(1) 1920: Professional Charge of £259 = Property Valuation Fees re House Purchase Department
(2) 1921: Professional Charges includes £110 re Property Valuation Fees re House Purchase Department
(3) 1921: Other = £380 Interest on Purchase Money for Branch Premises;

                 £928 Parliamentary Bill Expenses of Establishment Bank Written-off
(4) 1922: Other £362 = Interest on Purchase Money for Branch Premises

 

[2] 1927 to 1944

 

In this period, the Report and Statement of Accounts analysed Costs in an Income & Expenditure Account.
Amounts of Expenditure were detailed under the following headings:

	Salaries & Wages inc Nat Insce (£)	Super- annuation (£)	Printing, Stationery & Advertising (£)	Heating, Lighting & Cleaning (£)	Rent, Rates & Insurance (£)	Postages, Travelling & Misc (£)	Auditors & Other Professional Charges (£)	Repairs & Decorations (£)	Non-recurrent in connection with Adaptation of Premises (£)	Depreciation (£)	Income Tax & War Damage Contributions	TOTAL (£)
1927	29,088	954	2,462	2,003	3,883	1,863	1,196	1,745	13,805	5,798	4,000	66,797
1928	34,862	2,228	2,858	2,169	5,359	2,099	1,420	369	14,455	8,640	6,000	80,459
1929	38,094	2,446	2,430	2,356	6,119	1,945	1,180	1,152	8,207	10,764	9,650	84,343
1930	40,846	2,607	3,221	2,600	6,394	2,304	1,436	1,161	12,955	19,204	12,900	105,628
1931	44,408	2,794	3,246	2,936	6,742	2,558	1,315	924	8,422	16,964	12,950	103,259
1932	47,841	2,953	2,662	3,309	7,124	2,458	1,335	1,332	9,956	15,728	30,800	125,498
1933	50,782	3,122	2,043	3,408	7,195	3,307	1,242	1,080	9,138	21,416	35,636	138,369
1934	51,916	3,320	2,742	4,163	7,411	3,113	1,469	1,113	16,062	22,859	19,680	133,848
1935	56,091	3,454	2,957	4,158	7,765	2,508	1,596	1,131	1,379	29,488	3,788	114,315
1936	58,693	3,577	1,809	4,240	8,028	2,791	2,369	1,217	3,436	19,859	11,874	117,893
1937	59,752	3,667	1,793	4,475	8,231	2,553	2,697	1,175	962	25,192	14,200	124,697
1938	61,057	3,750	2,409	4,517	8,414	3,025	2,178	1,426	4,053	28,101	22,012	140,942
1939	64,092	3,902	2,525	4,819	9,036	3,265	2,014	1,506	3,525	34,542	22,998	152,224
1940	66,548	3,893	2,492	5,142	9,053	3,439	2,050	1,398	3,855	25,363	57,444	180,677
1941	70,534	4,199	1,936	5,546	9,649	3,488	1,592	1,482	6,796	9,623	69,759	184,604
1942	74,427	4,570	1,340	5,839	10,492	3,326	1,840	801	5,180	17,993	50,079	175,887
1943	79,283	4,838	1,648	5,222	9,920	3,587	1,997	646	1,572	26,520	47,487	182,720
1944	80,383	4,852	2,139	5,563	9,579	3,138	1,958	1,167	1,324	26,685	52,733	189,521
												2,401,681

NOTES:
(1) Superannuation = Contributions to Birmingham Corporation Superannuation Scheme, 1926
(2) Depreciation = the amount Written-off Buildings and Furniture. See Fixed Assets
(3) Income Tax: the amounts for the Years 1927 to 1932 were qualified in the Accounts as being an 'Estimated Charge'
(4) Income Tax & War Damage Contributions - 1942 to 1944. These three years included War Damage Contributions:
        1942: Income Tax £44,693; War Damamge Contributions (1st Instalment) £5,386
        1943: Income Tax £41,593; War Damamge Contributions (2nd Instalment) £5,894
        1944: Income Tax £48,781; War Damamge Contribution and Insurance £3,952

 

[3] 1945 to 1957

 

In this period, prior to the introduction of the Number 2 Department, the Report and Statement of Accounts provided only minimal Expenditure information. Management Expenses were given as one total, together with Other Costs as follows:

	Management Expenses £ (£)	Expenditure in connection with alterations to Premises, ARP etc (£)	Depreciation (£)	Income Tax (£)	War Damage Contribution & Insurance (£)	Provision for Deferred Repairs at Head Office and Branches (£)	Transfer to General Reserve (£)	TOTAL (£)
1945	114,536	530	0	8,201	2,523	0	0	125,790
1946	124,926	1,066	0	24,822	2,267	15,000	0	168,081
1947	139,264	1,490	0	1,625	0	0	0	142,379
1948	163,668	7,524	0	20,647	0	0	0	191,839
1949	162,583	6,035	426	15,785	0	2,000	2,157	188,986
1950	159,613	4,414	7,264	19,649	0	5,000	0	195,940
1951	165,191	1,017	5,677	47,773	0	0	0	219,658
1952	187,251	885	7,457	24,775	0	0	0	220,368
1953	201,242	2,944	7,194	22,961	0	0	0	234,341
1954	204,358	8,583	2,329	27,179	0	0	0	242,449
1955	219,713	3,385	2,989	15,509	0	0	0	241,596
1956	243,405	2,786	9,493	40,986	0	0	0	296,670
1957	285,748	1,270	22,871	43,659	0	0	0	353,548
								2,821,645

NOTES:
(1) ARP = Air Raid Precautions
(2) Depreciation Charges recommenced in 1949, following a period reflecting the fact that Fixed Assets had been reduced
           to a Nominal Value of £1,000 in 1944. See Fixed Assets

 

[4] 1958 to 1966

 

The Number 2 Department Savings Account commenced on April 1st 1957. From this date, the Bank's total income and expenditure was apportioned between the two Departments. Following the introduction of the Number 3 Department on January 1st 1967, revenue was allocated into the three departments.
This section shows the Bank's Total Expenditure for the Years 1957/58 to 1965/66. See No 2 Dept Income & Expenditure for details regarding the income and costs of that department.

	Management Expenses £ (£)	Expenditure in connection with alterations to Premises, etc (£)	Depreciation (£)	Income Tax (£)	Commission on Changes in Investments (£)	Transfers to Reserves (£)	Amount Written off on Sale of Investments (£)	No 2 Dept Foundation Expenses (£)	TOTAL (£)
1958	296,921	1,438	16,057	57,283	0	20,000	1,125	4,297	397,121
1959	318,448	1,086	4,902	57,211	0	40,000	0	0	421,647
1960	339,235	1,053	2,207	52,049	0	40,000	167	0	434,711
1961	364,462	2,445	13,906	72,384	0	60,000	0	0	513,197
1962	394,278	619	999	81,742	0	70,000	0	0	547,638
1963	425,959	10,246	16,874	107,837	0	0	0	0	560,916
1964	467,826	3,963	12,168	101,325	0	0	0	0	585,282
1965	504,721	26,991	6,638	127,793	0	0	29,406	0	695,549
1966	545,155	33,611	33,242	30,229	8,314	0	136,644	0	787,195
									4,943,256

 

This period saw the introduction of both the Number 3 Department and the Current Accounts Department.

Income and Expenditure were allocated to the Number 3 Department (see No 3 Dept Income & Expenditure), but the Current Accounts Department was treated as part of the Number 1 Department. The following table shows the Bank's Total Expenditure for the Year 1966/67 to the period April 1st - November 20th 1976.

	Management Expenses £ (£)	Alterations to Premises etc (£)	Depreciation (£)	Corporation Tax (£)	Commission on Changes in Investments (£)	Computer Expenses (£)	Amount Written-off Investment Amortization Account (£)	Surplus on Sale or Maturity of Investments (£)	Amount Written-off Investments (£)	Rent No 2 & No 3 Departments (£)	TOTAL (£)
1967	585,692	7,758	15,889	0	0	0	0	0	0	0	609,339
1968	693,102	20,533	54,973	0	3,209	0	0	0	21,671	0	793,488
1969	728,964	17,419	91,763	0	4,116	0	0	0	51,935	0	894,197
1970	796,513	2,327	36,194	0	11,942	0	0	(5,066)	284,154	0	1,126,064
1971	947,834	13,336	56,399	0	13,855	0	0	(63,142)	209,781	0	1,178,063
1972	1,111,294	58,201	21,719	0	18,897	41,071	0	0	0	0	1,251,182
1973	1,337,234	39,933	20,891	0	37,085	193,670	0	0	0	14,305	1,643,118
1974	1,488,514	43,510	15,558	0	12,170	285,235	41,228	0	0	14,525	1,900,740
1975	1,961,233	49,185	14,678	0	2,716	327,337	53,271	0	0	20,735	2,429,155
Mar 1976	2,488,231	151,855	94,822	0	410	394,366	55,451	0	0	26,534	3,211,669
Nov 1976	2,180,478	0	84,765	600,000	0	0	0	0	0	0	2,865,243
											17,902,258

NOTES:
(1) Corporation Tax: the Bank's taxable status changed when it became a Trustee Savings Bank on April 1st 1976
(2) Computer Expenses: see Computer Financing
(3) Investment Amortization Account: see Investments
(4) Rent No 2 & No 3 Departments: appotioned charge

 

 

 

 

In this final period, the Bank no longer distinguished between the various Departments in preparing the Year End Accounts.
Information on Management Expenditure and Other Costs was restricted to the following categories:

	Management Expenses £ (£)	Superannuation Contributions (£)	Depreciation (£)	Auditors' Fees (£)	Corporation Taxation (£)	Transfers to Reserves (£)	TOTAL (£)
1977	3,490,000	356,000	57,000	13,000	1,013,000	20,000	4,929,000
1978	3,948,000	425,000	43,000	12,000	1,080,000	40,000	5,508,000
1979	4,889,000	481,000	93,000	13,000	2,397,000	40,000	7,873,000
							18,310,000

[7] Summary of Expenditure (£):

[1]	1919 to 1926	223,915
[2]	1927 to 1944	2,401,681
[3]	1945 to 1957	2,821,645
[4]	1958 to 1966	4,943,256
[5]	1966 to November 20th 1976	17,902,258
[6]	November 21st 1976 to November 20th 1979	18,310,000
	TOTAL	46,602,755

 

In this period, the published Report and Statement of Accounts did not include an Income & Expenditure Account.
Amounts of Expenditure were detailed in a Receipts & Payments Account under the following headings: