108908_BIFA_Annual_Report_2022_WEB_single_pages

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

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BIFA Annual Report & Accounts 2021 | bifa.org

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