BIFA Annual Report - year ending 31 Dec 2023

Detailed Income & Expenditure Account For the year ended 31 December 2023

2023 £

2023 £

2023 £

2023 £

2022 £

2022 £

2022 £

2022 £

Income Subscriptions

Administrative expenses Audit fees

1,746,683

1,677,956

19,600 14,808 97,935 29,589 248,630 10,859 12,048 78,845 933

17,830 4,063 77,468 4,679 212,593 34,577 62,420 3,678 1,284 3,475 61,140 11,715 85 - 6,696 65,802 3,926 31,190

Board expenses

FIATA Sales

11,260

10,961

Central Secretariat costs

Education and training

643,901

1,177,275 26,079

Policy Groups

Application fees

28,167

International representation

Events and sundry sales

142,062

77,232

Northern England Northern Ireland

2,572,073

2,969,503

Scotland South East

Cost of Sales Wages and salaries Social security costs

286,706

255,609

Bank charges

8,771 606 11,837 70,324 16,685 5,336 67,047 7,641 57,160

Bad and doubtful debts Printing and stationery Telecommunications Sundry expenses Advertising

35,471

27,462

Staff pension costs defined contribution Permanent health insurance Private health insurance Education and training

15,945

14,444 4,235

6,112 1,935

6,019

BIFAlink

89,788 178,549

248,140 120,944

Amortisation Depreciation

Events

Training development Total purchases and other direct costs

450

3,027

(2,137,712)

(1,595,340)

614,956

679,880

Operating (deficit)/surplus

(180,595)

694,283

Total cost of sales

(614,956)

(679,880)

Interest receivable and similar income Bank interest received

14,473

7,414

Gross surplus

76.09%

1,957,117

77.10%

2,289,623

Other interest received - not on financial instruments Dividends from investments

Administrative expenses Wages and salaries Social security costs Staff pension costs defined contribution Permanent health insurance Private health insurance

36

- -

948,374 115,276

653,347 85,215 41,886 11,520 10,762 22,954 10,864 44,409 14,830 61,622 5,238 12,616 17,086

28,823

43,332

7,414

47,102 12,564 19,514 24,357 10,712 35,352 15,034 79,167 22,475 25,932 19,074 4,125

Interest payable and similar expenses Management fees Other gains and losses Exchange gains on investing activities - investments

(20,178)

-

Rates

Power, light and heat

Property repairs and maintenance

30,172

-

Premises insurance Computer running costs Legal and professional fees

(Deficit)/surplus before taxation

4.95%

23.63%

(127,269)

701,697

Consultancy fees Accountancy Annual report

370

Hard copy accounts are available from the BIFA secretariat on request.

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BIFA Annual Report & Accounts 2023 | bifa.org

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