Electoral Commission
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Latest financial accounts published for larger political parties in Northern Ireland

Financial accounts of political parties in Northern Ireland, with income or expenditure of more than £250,000, were recently published by the Electoral Commission. The accounts are for the year ending 31 December 2017.

Central party income and expenditure

Four parties in Northern Ireland reported having gross income or total expenditure of more than £250,000 in 2017. In total, these parties reported £2,337,000 income and £2,507,000 expenditure.

Party

Income

Expenditure

Sinn Féin

£1,009,000

£1,139,000

Democratic Unionist Party - D.U.P.

£510,000

£461,000

Ulster Unionist Party

£458,000

£552,000

Alliance - Alliance Party of Northern Ireland

£360,000

£355,000


Comparisons with previous years

The Statement of Accounts figures published today are set out against those from the previous two years in the table below. Details of party accounts from 2002 can be found on our website.

 

2015

2016

2017

Income

£2,653,000

£3,038,000

£2,337,000

Expenditure

£2,639,000

£3,346,000

£2,507,000


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. No accounting units in Northern Ireland reported income or expenditure of more than £250,000.

Last month the Commission published the financial accounts of parties and accounting units with income and expenditure of £250,000 or less.

The deadline for parties and their accounting units with income or expenditure of more than £250,000 to submit their audited accounts was 7 July 2018. All parties submitted accounts by the deadline.

Political parties with income or expenditure of more than £250,000 are required by law to independently audit their accounts and include this report in their submission.

The Commission has also published the financial accounts of parties and their accounting units in Great Britain with income or expenditure of more than £250,000. Full details of the financial accounts can be viewed on our website.

For further information please contact Cahir Hughes in the Electoral Commission press office (Northern Ireland) on 028 9089 4028 or email Chughes@electoralcommission.org.uk.

For outside 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 of £25,000 or less are not required to submit their accounts.
  3. 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.
  4. Central party figures do not include income and expenditure from party Accounting Units.
  5. Figures for income and expenditure have been rounded to the nearest £1,000. 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

 

Channel website: https://www.electoralcommission.org.uk

Original article link: https://www.electoralcommission.org.uk/i-am-a/journalist/electoral-commission-media-centre/news-releases-donations/latest-financial-accounts-published-for-larger-political-parties-in-northern-ireland

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