Financials
 
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
Income & Expenditure Accounts
(Analysis of Management and Other Expenditure)
 
 
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 Damage Contributions (1st Installment) 5,386
        1943: Income Tax 41,593; War Damage Contributions (2nd Installment) 5,894
        1944: Income Tax 48,781; War Damage 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
[5] 1966 to November 20th 1976
 
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: apportioned charge
 
 
 
[6] November 21st 1976 to November 20th 1979
 
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
[1] 1919 to 1926
 
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:
 
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