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
bifa.org | BIFA Annual Report & Accounts 2023
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