Income & Expenditure Account For the year ended 31 December 2021
2021 £
2020 £
2,528,890 (439,130)
Income
2,544,674 (534,333)
Cost of sales
2,089,760 (1,351,056)
Gross surplus
2,010,341
(1,436,233)
Administrative expenses Other operating income
-
9,860
738,704
Operating surplus
583,968
294
2,753
Interest receivable and similar income
738,998
Surplus before taxation
586,721
(148,639)
(112,994)
Tax on surplus
Surplus for the financial year
590,359
473,727
12
BIFA Annual Report & Accounts 2021 | bifa.org
Made with FlippingBook Annual report maker