LTB 245/25 – CWU Consolidated Accounts 2024

[POSTMAN]

https://www.cwu.org/ltb/ltb-245-25-cwu- ... unts-2024/

LTB 245/25 – CWU Consolidated Accounts 2024
No. 245/25

7th November 2025

TO: ALL BRANCHES

Dear Colleagues,

CWU CONSOLIDATED ACCOUNTS 2024

Please find attached a copy of the final CWU Consolidated Accounts for the financial year 2024.

Whilst these results are for the financial year 2024 branches will be more than aware of our ongoing work around restructuring the CWU. Decisions taken at the conference held in June of this year are now in the process of being implemented and the benefit of the decisions will begin to impact future financial performance.

As always there is much to do and we will continue to explore, agree and implement further changes that will deliver a sustainable CWU for the future.

Accordingly, Branches are now invited to forward questions to the attached CWU Consolidated Accounts 2024 to arrive by no later than 12.00 noon on Friday 21st November 2025.

Please note all questions should be sent to the email address sdgs@cwu.org Please note, any emails sent to any other email address will not receive a response and will not be included in the published questions and answers.

Any other queries on this LTB should be addressed to sdgs@cwu.org

Yours sincerely,

Tony Kearns

Senior Deputy General Secretary

[tramssirhc]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

[mw7485]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

You obviously haven't read the accounts - or perhaps you would like to share which page of the accounts supports your assertion?

[Smoothbackground]

Do members get a discount on social stays at the CWU-owned Elstead Hotel?

Love how almost £2m of subs each year is being thrown down the pan supporting a loss-making venture. So glad I’m not a member of the CWU.

[tramssirhc]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

You obviously haven't read the accounts - or perhaps you would like to share which page of the accounts supports your assertion?

Apart from the £1 million deficit between income and expenditure there is the £11 million liability to the pension funds. Here's an idea. Instead of wasting my time why not waste the time of your heroes in the CWU and question them about their piss poor management of your union.

[postslippete]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

Look, I get your frustration about the relatively high expenditure on admin, full-time release and bureaucracy that exists in the CWU - but where does it show that it is bankrupt??

From what I read, the accounts confirm the union is solvent and holds significant assets and cash reserves well above its liabilities. The union's net assets (reserves) remain in the tens of millions and after subtracting all debts, still has a large positive balance sheet. There is also a healthy income from member subs, around £25-30 million a year. And if an organisation were actually bankrupt - the auditors would have to state that explicitly and they clearly haven't.

[mw7485]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

You obviously haven't read the accounts - or perhaps you would like to share which page of the accounts supports your assertion?

Apart from the £1 million deficit between income and expenditure there is the £11 million liability to the pension funds. Here's an idea. Instead of wasting my time why not waste the time of your heroes in the CWU and question them about their piss poor management of your union.

An operating deficit and a long term liability in the form of a pension deficit does not make them bankrupt. Their assets far outstrip their liabilities. Perhaps you should run for senior office and show them the error of their ways, as you obviously have so much to offer.

[Sean06]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

You obviously haven't read the accounts - or perhaps you would like to share which page of the accounts supports your assertion?

Apart from the £1 million deficit between income and expenditure there is the £11 million liability to the pension funds. Here's an idea. Instead of wasting my time why not waste the time of your heroes in the CWU and question them about their piss poor management of your union.

An operating deficit and a long term liability in the form of a pension deficit does not make them bankrupt. Their assets far outstrip their liabilities. Perhaps you should run for senior office and show them the error of their ways, as you obviously have so much to offer.

Hes quite high up in pwrfc then again they have about 10 members

[Paulrobertson]

Interesting read. Subscription down and expenses up. Understand the cyber attack but some bits that stood out

- conference cost £1,112,865 this year compared to £518,373 last year. Big jump

- publicity and merch cost £401,945

- travel mileage hotels and subsistence came in at £3,682,578

- employment costs £12,881,291 with salary in at £7,425,334

- don’t understand the long term loan by A Furey of £24,919 It’s under the title of investing which indicates a loan to him.

- pay to the general secretary and senior deputy general secretary was £270,649 but doesn’t break this down further

Interesting report.

[Sean06]

1st post in 4 1/2 years interseting indeed.

[Paulrobertson]

And here’s the second. Double interesting

[chickenwittle]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

You obviously haven't read the accounts - or perhaps you would like to share which page of the accounts supports your assertion?

Apart from the £1 million deficit between income and expenditure there is the £11 million liability to the pension funds. Here's an idea. Instead of wasting my time why not waste the time of your heroes in the CWU and question them about their piss poor management of your union.

An operating deficit and a long term liability in the form of a pension deficit does not make them bankrupt. Their assets far outstrip their liabilities. Perhaps you should run for senior office and show them the error of their ways, as you obviously have so much to offer.

He’s a nut job , ignore him.

[Hyrrokkin]

Bankrupt. Millions in debt and still paying millions out to the full time release mob and getting nothing out of them. The CWU is an example of how not to run a union. And all those CWU loyalist killing their own cash cow. Get rid of the leeches and reclaim your union before it disappears.

You obviously haven't read the accounts - or perhaps you would like to share which page of the accounts supports your assertion?

Apart from the £1 million deficit between income and expenditure there is the £11 million liability to the pension funds. Here's an idea. Instead of wasting my time why not waste the time of your heroes in the CWU and question them about their piss poor management of your union.

An operating deficit and a long term liability in the form of a pension deficit does not make them bankrupt. Their assets far outstrip their liabilities. Perhaps you should run for senior office and show them the error of their ways, as you obviously have so much to offer.

He’s a nut job , ignore him.

Pot,kettle,black springs to mind..............