Financial accounts for smaller political parties in Northern Ireland published
Published: 4 Jul 2019
Financial accounts of political parties and their accounting units in Northern Ireland, with income or expenditure of £250,000 or less, have been published today by the Electoral Commission. The accounts are for the year ending 31 December 2018.
Party income and expenditure
Financial accounts of 27 political parties in Northern Ireland are reported as being within this threshold. The ten parties with the highest income are listed below:
|Alliance - Alliance Party of Northern Ireland||£246,125||£217,975|
|Socialist Party (Northern Ireland)||£78,554||£76,599|
|Traditional Unionist Voice - TUV||£51,527||£43,333|
|People Before Profit Alliance||£40,406||£39,417|
|Conservative and Unionist Party||£31,949||£22,988|
|The Workers Party||£20,513||£18,732|
|Both Unions Party of Northern Ireland||£16,810||£16,960|
|Progressive Unionist Party of Northern Ireland||£3,885||£4,755|
|Cross-Community Labour Alternative||£3,698||£3,544|
The full details of the 27 political parties’ financial accounts are available on the Commission’s website, alongside the financial accounts for 277 political parties in Great Britain with income and expenditure of £250,000 or less.
Accounting unit income and expenditure
Political parties may register 'accounting units’ with the Electoral Commission. These are constituent or affiliated units of a political party, including constituency parties, which have separate finances from the main party.
Five accounting units in Northern Ireland reported income or expenditure between £25,000 and £250,000. In total, these accounting units reported £513,946 income and £459,966 expenditure.
Accounting units with reported income or expenditure between £25,000 and £250,000:
|Democratic Unionist Party - DUP||Westminster Parliamentary Party - MP Grouping||£191,146||£163,983|
|SDLP (Social Democratic & Labour Party)||Northern Ireland Assembly Party||£99,843||£104,930|
|Ulster Unionist Party||Ulster Unionist Assembly Party||£95,621||£95,621|
|Alliance - Alliance Party of Northern Ireland||Alliance Assembly Party||£89,302||£78,911|
|Ulster Unionist Party||Belfast East Constituency Unionist Association||£38,034||£16,521|
Comparisons with previous years
Figures comparing these latest financial accounts for political parties and their accounting units with those for 2017 and 2016 are below.
Two political parties in Northern Ireland that we expect to have income or expenditure under £250,000 failed to submit their accounts by their deadline of 30 April 2019. The Commission will review each of these reporting failures in line with its established Enforcement Policy.
Political parties and their accounting units with income or expenditure of more than £250,000 must submit their audited accounts by 7 July 2019. We expect to publish these in August 2019.
For further information please contact Cahir Hughes in the Electoral Commission press office (Northern Ireland) on 028 9089 4028 or email email@example.com. Outside of office hours call 07789 920414.
Notes to editors:
1. The Electoral Commission is the independent body which oversees elections and regulates political finance in the UK. We work to promote public confidence in the democratic process and ensure its integrity by:
- enabling the delivery of free and fair elections and referendums, focusing on the needs of electors and addressing the changing environment to ensure every vote remains secure and accessible
- regulating political finance – taking proactive steps to increase transparency, ensure compliance and pursue breaches
- using our expertise to make and advocate for changes to our democracy, aiming to improve fairness, transparency and efficiency
The Commission was set up in 2000 and reports to the UK and Scottish Parliaments.
2. Accounting units with income and expenditure that are either £25,000 or less are not required to submit their accounts.
3. Financial accounts of political parties and their accounting units in Great Britain, with income and expenditure of £250,000 or less, have been published today. The press release has also been published today.
4. The fact that a Statement of Accounts has been placed on the Commission’s website should not be taken to indicate that the Electoral Commission has verified or validated it in any way.
5. Figures for income and expenditure have been rounded. Please see online database for exact amounts.
6. Details of how failures to submit Statement of Accounts by the deadline have been dealt with in the past can be found in our publication of Closed Cases.