asked the Minister for Labour the present trading position with regard to CERT.
Written Answers. - CERT Trading Position.
67.
CERT is a company limited by guarantee and not having a share capital.
The trading position (subject to audit) of the company as at 31 December 1985 is as follows:
|
Revenue |
£m |
Expenditure |
£m |
|
Youth Employment Levy |
2.020 |
School Training |
2.515 |
|
Grant-in-Aid |
.369 |
Industry Training |
1.679 |
|
European Social Fund |
2.385 |
Administration — Support Services |
.650 |
|
Course Fees, Deposits and Industry contribution |
.118 |
Balance of Income over Expenditure |
.048 |
|
4.892 |
4.892 |
In 1986, it is estimated that revenue will amount to £5.213 million, including £2.493 million from the youth employment levy and an exchequer grant-in-aid. The remainder of revenue will be accounted for mainly by the European social fund. Expenditure will be in line with revenue.