110389_BIFA_Annual_Report_2023_WEB_SPREADS

Detailed Income & Expenditure Account For the year ended 31 December 2022

Schedule Of Administrative Expenses For the year ended 31 December 2022

Administrative expenses

2022 £

2022 £

2022 £

2022 £

2021 £

2021 £

2021 £

2021 £

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

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 17,830 4,063 77,468 4,679 212,593 34,577 62,420 3,678 85 1,284 3,475 61,140 11,715 6,696 65,802 3,926 31,190 370

597,231 64,160 36,752 13,040 12,398 22,742 6,789 59,794 10,243 46,349 14,010 26,617 12,579 (4,720) 16,500 49,345 (1,085) 113,892 32,949 51,900 5,258 - (2,186) 36,431 3,123 1,226

Income Subscriptions

1,677,956

1,557,442

FIATA Sales

10,961

12,890

Education and training

1,177,275

934,666

Application fees

26,079 77,232

23,892

Rates

Events and sundry sales

-

Power, light and heat

2,969,503

2,528,890

Property repairs and maintenance

Premises insurance Computer running costs Legal and professional fees

Cost of Sales Wages and salaries Social security costs

255,609

189,534 20,498

27,462

Consultancy fees Accountancy Annual report

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

14,444 4,235

11,156

Audit fees

1,157

Board expenses

6,019

3,228

Central Secretariat costs

248,140 120,944

139,160 23,257

Policy Groups

Events

International representation

Northern England

Training development Total purchases and other direct costs

3,027

51,140

Scotland South East

679,880

439,130

Bank charges

Total cost of sales

(679,880)

(439,130)

Bad and doubtful debts Printing and stationery Telecommunications Sundry expenses Advertising

Gross surplus

77.10%

2,289,623

82.64%

2,089,760

7,815 4,133

BIFAlink

54,154 3,766 55,851

Amortisation Depreciation

(1,595,340)

(1,351,056)

Operating surplus

694,283

738,704

Interest receivable and similar income Bank interest received

7,414

2,753

7,414

294

Surplus before taxation

23.63%

23.06%

701,697

738,998

26

27

BIFA Annual Report & Accounts 2022 | bifa.org

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