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<strong>British</strong> <strong>International</strong><br />

<strong>Freight</strong> <strong>Association</strong><br />

<strong>Annual</strong> <strong>Report</strong> <strong>and</strong><br />

<strong>Accounts</strong> 2008


President’s <strong>Report</strong><br />

Contents<br />

2 President’s <strong>Report</strong><br />

4 Chairman’s <strong>Report</strong><br />

6 Director General’s <strong>Report</strong><br />

8 Year in Review<br />

14 <strong>Report</strong> of the Board of<br />

Directors on the <strong>Accounts</strong><br />

15 <strong>Report</strong> of the Independent<br />

Auditors<br />

16 Financial Statements<br />

23 Our People<br />

Since May<br />

2007, when<br />

I became BIFA<br />

President,<br />

I have been<br />

able to look back on my<br />

time in the early 1980s<br />

when I was Secretary of<br />

State for Transport. During<br />

the two years in which I<br />

had Cabinet responsibility<br />

for our vital transport sector,<br />

I inevitably had to keep a<br />

weather eye on how it was<br />

performing.<br />

This h<strong>and</strong>s-on experience of enacting<br />

legislation that informs, directs <strong>and</strong><br />

controls freight movement in the UK means<br />

that, as BIFA President, I have taken a<br />

keen interest in the legislative activities of<br />

my successors as they have touched this<br />

sector during 2008.<br />

Domestic UK politics were quite benign to the<br />

sector in 2008, compared to forces outside<br />

the commercial control of any BIFA Member.<br />

In London, the wider implementation of the<br />

Low Emission Zone (LEZ) was postponed<br />

by the Mayor of London, Boris Johnson,<br />

while the Chancellor put the industry on<br />

notice that he intended to replace Air<br />

Passenger Duty (APD) with a ‘Plane Tax’.<br />

HM Treasury brought into play new money<br />

laundering regulations, while the Corporate<br />

Manslaughter <strong>and</strong> Corporate Homicide Act<br />

2007 came into force.<br />

There was Government tightening of the<br />

law on illegal working, in response to public<br />

concern over border security <strong>and</strong> the growing<br />

Membership Figures<br />

At 31 Dec 2008<br />

Registered<br />

Members<br />

1,213<br />

Associate<br />

Members<br />

38<br />

Probationary<br />

Members<br />

153<br />

Total<br />

1,404<br />

2 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008<br />

1,972<br />

1,696<br />

68


BIFA Members came<br />

through this difficult<br />

year by working smarter<br />

<strong>and</strong> harder.<br />

numbers of migrant workers arriving in the<br />

UK. The opt-out on the European Union<br />

Working Time Directive was won by the UK,<br />

following a meeting of European employment<br />

ministers.<br />

This <strong>Annual</strong> <strong>Report</strong> records the events of<br />

a year, which turned out to be a difficult<br />

one both for BIFA Members <strong>and</strong> UK plc.<br />

BIFA Members came through it by working<br />

smarter <strong>and</strong> harder. The purchasers of<br />

training put their organisation in a stronger<br />

position to retain, motivate <strong>and</strong> add value to<br />

their workforce – all advantages which BIFA<br />

has long promoted to the membership.<br />

The report demonstrates, in a nutshell,<br />

the wide range of projects <strong>and</strong> tasks<br />

that BIFA undertook on behalf of the<br />

membership in 2008. It clearly shows how<br />

the Board, Council, Policy Groups, <strong>and</strong><br />

officers at the Secretariat have worked<br />

hard, <strong>and</strong> united in their efforts, to best<br />

represent <strong>and</strong> promote the interests of the<br />

membership as a whole.<br />

Finally, I was delighted to accept BIFA’s<br />

kind invitation for me to remain in office<br />

for a further year, until May 2010, bringing<br />

the duration of my term up to three years.<br />

I therefore look forward to representing the<br />

<strong>Association</strong> in my role as President for a<br />

further 12 months.<br />

The Rt. Hon. the Lord Fowler<br />

President<br />

<br />

Notice of <strong>Annual</strong><br />

General Meeting<br />

Notice is hereby given that the twentieth<br />

<strong>Annual</strong> General Meeting of the <strong>British</strong><br />

<strong>International</strong> <strong>Freight</strong> <strong>Association</strong> (BIFA) will<br />

be held at the offices of Clyde & Co.,<br />

51 Eastcheap, London EC3M 1JP on<br />

Thursday 21 May 2009 at 2.00pm in order to:<br />

1. Receive the report of the Board of<br />

Directors.<br />

2. Receive the accounts for the year ended<br />

31 December 2008 <strong>and</strong> the report of the<br />

auditors thereon.<br />

3. Appoint auditors <strong>and</strong> authorise the Board<br />

to fix their remuneration.<br />

4.In accordance with the <strong>Association</strong>’s<br />

Articles to note <strong>and</strong> approve the election of<br />

Officers of the <strong>Association</strong>.<br />

5. Transact any other business which may<br />

properly be transacted at an <strong>Annual</strong><br />

General Meeting.<br />

Peter Quantrill Director General<br />

2 April 2009<br />

Note: Any Member entitled to attend <strong>and</strong> vote at the<br />

above meeting may appoint a proxy to attend <strong>and</strong> vote<br />

on a poll in his stead. A proxy need not be a Member<br />

of the <strong>Association</strong>. A form of proxy is enclosed with<br />

this notice.<br />

This report<br />

demonstrates, in a<br />

nutshell, the wide<br />

range of projects<br />

<strong>and</strong> tasks that BIFA<br />

undertook on behalf<br />

of the membership<br />

in 2008.<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 3


Chairman’s <strong>Report</strong><br />

2008 has been<br />

a successful year<br />

for BIFA as the<br />

financial results<br />

now confirm.<br />

Our <strong>Association</strong> faces the<br />

current downturn in world<br />

trade with the benefit of<br />

strong financial reserves<br />

supported by healthy<br />

current trading levels.<br />

This solid foundation will<br />

enable us to maintain high<br />

st<strong>and</strong>ards of service to the<br />

membership during the<br />

harder times ahead.<br />

In addition to this, there have been some<br />

exciting new developments such as the<br />

online digital library which will come on<br />

stream during 2009. It will be accessible<br />

by all trading Members <strong>and</strong> should come<br />

to be seen as a unique reference resource.<br />

In this connection I would like to thank<br />

not only those in the Secretariat who have<br />

helped work on this innovative product,<br />

but also my successor <strong>and</strong> current<br />

Vice Chairman, Andrew Melton, who is<br />

closely associated with the project. As we<br />

progress through the rest of 2009 <strong>and</strong> for<br />

at least the next two years, he will be in<br />

the best possible position to ensure our<br />

internet library continues to grow <strong>and</strong><br />

develop.<br />

Whilst on the theme of networking, the<br />

<strong>Freight</strong> Service Awards Lunch was another<br />

outst<strong>and</strong>ing success, not only in terms of<br />

the numbers attending but also as a way<br />

of celebrating the achievements of the<br />

finalists, <strong>and</strong> above all, the nine worthy<br />

winners. The <strong>Annual</strong> Dinner in Liverpool<br />

brought together a sizeable gathering of<br />

Members at the end of a year, which,<br />

apart from anything else, saw Liverpool<br />

emerge as an outst<strong>and</strong>ing ‘City of<br />

European Culture’.<br />

During 2008, it was again both instructive<br />

<strong>and</strong> a real pleasure in my role as Chairman<br />

to meet members not only in London but<br />

also throughout the rest of the country.<br />

Our programme of regional Board Meetings<br />

will continue, with presentations <strong>and</strong><br />

wider membership participation whenever<br />

appropriate. These meetings <strong>and</strong> allied events<br />

also provide an opportunity for Members to<br />

get together with other key organisations<br />

<strong>and</strong> individuals in our industry, whether from<br />

HM Revenue & Customs (HMRC) or relevant<br />

regional authorities including the ports.<br />

During 2008 we have held Board Meetings<br />

followed by lunchtime receptions at Hull<br />

<strong>and</strong> Glasgow, which have given my fellow<br />

Directors <strong>and</strong> me further opportunities to<br />

meet <strong>and</strong> exchange views with Members.<br />

At the same time, the Chairmanship has<br />

proved invaluable for me in getting to know<br />

colleagues in the Secretariat, as well as<br />

our expert volunteers in the Policy Groups<br />

<strong>and</strong> on the Council. BIFA really does come<br />

across as a strong organisation when taking<br />

into account all these different elements,<br />

as well as the underlying goodwill <strong>and</strong><br />

commitment of participants.<br />

Looking to the future, the<br />

challenge will be to continue<br />

our representation of the<br />

international freight <strong>and</strong><br />

logistics industry, which is<br />

more essential than ever<br />

to boosting our country’s<br />

overall trade performance.


During 2008, BIFA built on these strengths<br />

<strong>and</strong> on its track record as a campaigning<br />

trade association on behalf of its<br />

membership to further develop co-operative<br />

links with other bodies of great importance<br />

to our industry – including HMRC, the<br />

Department for Transport <strong>and</strong> now the UK<br />

Border Agency (UKBA), as well as trade<br />

associations abroad, such as CLECAT<br />

<strong>and</strong> FIATA. The European dimension, with<br />

access to the Commission <strong>and</strong> the World<br />

Customs Organisation (WCO) in Brussels<br />

as well as our contacts with HM Treasury,<br />

have finally enabled us to work towards<br />

the optimum solution with the Insurance<br />

Mediation Directive (IMD).<br />

It has also kept BIFA at the forefront of<br />

the Authorised Economic Operator (AEO)<br />

initiative – which will be of increasing<br />

benefit with Customs facilitation as well as<br />

security within the supply chain.<br />

Whilst actively engaged as BIFA Chairman,<br />

my day job has continued as Joint Managing<br />

Director <strong>and</strong> Chairman of a leading<br />

independent freight forwarder <strong>and</strong> logistics<br />

company. This means there has been<br />

no danger of losing sight of commercial<br />

imperatives as the recession bites!<br />

BIFA is also a company, which has to<br />

survive <strong>and</strong> prosper in an increasingly<br />

difficult business environment, to continue<br />

giving good value for money to Members<br />

in return for their subscriptions. I know<br />

that our Director General <strong>and</strong> his<br />

colleagues in the Secretariat are wholly<br />

focused on this objective <strong>and</strong> on raising<br />

the profile of our industry.<br />

It has been very pleasing during the last<br />

year to see that training has not only held<br />

up, but increased in volume <strong>and</strong> quality<br />

of take up by Members. Cost savings<br />

are necessary in the current climate, but<br />

it is also essential in these increasingly<br />

regulated times to continue investment in<br />

training, not just to comply with statutory<br />

requirements but also through popular<br />

courses like the ‘BTEC Intermediate<br />

Award in Multimodal <strong>International</strong><br />

<strong>Freight</strong> Procedures’.<br />

Throughout 2008 <strong>and</strong> the opening months<br />

of 2009, my role as Chairman has been<br />

dem<strong>and</strong>ing but the work has been<br />

rewarding, with measurable progress for<br />

our organisation <strong>and</strong> useful preparation<br />

for further advances to come. For instance<br />

BIFA will continue to lobby both for better<br />

During 2008, BIFA built<br />

on its strengths <strong>and</strong> track<br />

record as a campaigning<br />

trade association on<br />

behalf of its membership.<br />

transport infrastructure <strong>and</strong> at the same<br />

time for sustainability, not least in terms<br />

of minimising environmental impact.<br />

Looking to the future, the challenge<br />

will be to continue our representation<br />

of the international freight <strong>and</strong> logistics<br />

industry, which is more essential than<br />

ever to boosting our country’s overall<br />

trade performance.<br />

Philip Stephenson<br />

Chairman<br />

BIFA 2008<br />

Turnover up<br />

+7%<br />

at £1,729,223<br />

compared to<br />

£1,614,365<br />

in 2007<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 5


Director General’s<br />

<strong>Report</strong><br />

BIFA started<br />

the year with<br />

an agenda<br />

to ensure<br />

‘Membership<br />

Value’ throughout 2008<br />

<strong>and</strong> I am confident that,<br />

despite the economic<br />

winds that threatened to<br />

blow many off course,<br />

we have achieved this<br />

as an <strong>Association</strong>.<br />

In addition to our visible<br />

activities, some of these<br />

advances have been<br />

behind the scenes,<br />

including back office<br />

activity to improve the<br />

way in which BIFA works.<br />

We have achieved a higher public profile,<br />

including the regular BIFA ‘Forward Looking’<br />

column in <strong>International</strong> <strong>Freight</strong>ing Weekly<br />

(IFW) that started in 2008. This initiative has<br />

increased our media presence substantially<br />

<strong>and</strong> is one that I have enjoyed working on<br />

very much.<br />

BIFA’s modus oper<strong>and</strong>i in 2008 concentrated<br />

on our four key themes: training, statutory<br />

<strong>and</strong> regulatory issues, technical advice <strong>and</strong><br />

support, <strong>and</strong> promotion.<br />

Staff retention <strong>and</strong> development is one of the<br />

key pay-backs to Members from money spent<br />

on training, <strong>and</strong> I am pleased that our Training<br />

offering went from strength to strength as the<br />

year progressed, with a significant increase in the<br />

number of students trained, <strong>and</strong> courses offered.<br />

Of course no year is ever completely plain<br />

sailing. The plummet of the Pound against<br />

the Euro <strong>and</strong> US Dollar started off early in the<br />

year as a roller-coaster of exchange rates that<br />

seemed to offer a good prospect to boost<br />

exports for UK plc. Unfortunately, many of<br />

our overseas markets were themselves in<br />

economic disarray <strong>and</strong> the expected positive<br />

impact was just not there.<br />

I do not have to remind any Member of the<br />

volatility we saw in the price of oil in 2008 <strong>and</strong><br />

the cost impact. Whilst oil finished the year<br />

not a great deal ahead of where it had started,<br />

its sudden price rise put an incredible strain on<br />

the supply chain. BIFA Members with road<br />

services saw the price at the pump soar. BIFA<br />

reacted by calling for an essential user rebate<br />

of fuel duty <strong>and</strong> the postponement of a planned<br />

duty increase targeted for the end of the year.<br />

One of the most significant debuts of the year,<br />

<strong>and</strong> one in which BIFA had a very important<br />

helping h<strong>and</strong> in disseminating information,<br />

of course, was the introduction in January<br />

2008 of the Authorised Economic Operator<br />

(AEO) accreditation. Shortly afterwards, the<br />

successful transition took place of SAD H, <strong>and</strong><br />

we could say goodbye to messy dual-running in<br />

the relaying of information to HM Revenue<br />

& Customs (HMRC).<br />

In stark contrast there was disappointment<br />

when, in the Spring, the Government removed<br />

the empty business property rates relief. That<br />

was such a short-sighted measure that has<br />

impacted on the commercial <strong>and</strong> business<br />

property interests of our membership <strong>and</strong> on<br />

the l<strong>and</strong>scapes of our nation’s business parks<br />

<strong>and</strong> commercial property.<br />

As with all such unsatisfactory measures,<br />

BIFA maintained its efforts throughout the year<br />

to persuade the Government to withdraw the<br />

change. We were also disappointed that the<br />

invidious measure to backdate business rates<br />

at UK ports went ahead.<br />

In 2008, BIFA<br />

organised<br />

110<br />

Policy Group<br />

<strong>and</strong> Regional<br />

meetings<br />

6 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


In terms of legislation, we saw a variety of<br />

developments in 2008 that impacted on the<br />

work of BIFA Members. In the Summer, the<br />

Home Office published significant rules for<br />

a points system for migrant workers from<br />

outside the European Economic Area, due to<br />

take effect later in the year. These meant that<br />

employers had to demonstrate that the roles<br />

could not have been filled by the resident<br />

labour market.<br />

We worked to influence HM Treasury over new<br />

money laundering regulations implementing<br />

the EU’s Third Money Laundering Directive,<br />

agreeing, after much consultation with HM<br />

Treasury <strong>and</strong> HMRC, that the core activities of<br />

our Members were deemed to be outside the<br />

scope of these regulations.<br />

In April, the Corporate Manslaughter <strong>and</strong><br />

Corporate Homicide Act 2007 came into<br />

force. This important legislation means that<br />

companies found culpable can face severe<br />

penalties. BIFA Members work professionally<br />

but freight movement does have its dangers,<br />

<strong>and</strong> I repeat my belief in the importance of BIFA’s<br />

contribution to providing a safer workplace.<br />

The infrastructure of the freight industry is<br />

always of concern to me, <strong>and</strong> this year was<br />

no different. I applauded the news at the end<br />

of the year that the Thames Gateway terminal<br />

first phase was given the green light <strong>and</strong> that<br />

work on expansion to the port of Felixstowe<br />

started. BAA’s notice that it had to divest<br />

two of its London airports <strong>and</strong> a Scottish<br />

operation has positive implications for air<br />

freight operations.<br />

Promotion <strong>and</strong> representation takes many<br />

forms. BIFA had a presence at leading <strong>and</strong><br />

influential conferences <strong>and</strong> congresses where<br />

we were able to put forward the concerns<br />

<strong>and</strong> thoughts of the UK freight forwarding<br />

community. We took part as a participant in<br />

the inaugural Multimodal show, <strong>and</strong> we are<br />

already looking forward to our participation<br />

in 2009. Two further important events saw us<br />

at the annual FIATA congress <strong>and</strong> CLECAT<br />

conference in 2008.<br />

The year saw a perfect demonstration of how<br />

events outside the normal working day can<br />

impact severely on the everyday work of BIFA<br />

Members. Remember the soggy summer<br />

With June <strong>and</strong> July registering the wettest<br />

UK weather since records began, floods <strong>and</strong><br />

disruptions caused by the bad weather seemed<br />

to play havoc with transport as much as the<br />

rocketing oil price did. The failure of the world<br />

trade talks was a grave disappointment as I am<br />

only too aware of the significance of the word<br />

‘<strong>International</strong>’ in our <strong>Association</strong>’s title.<br />

When Lehman Brothers came tumbling down<br />

in late Summer, who could have foreseen<br />

the consequences of the banking crisis, that<br />

started across the Atlantic, in both the UK <strong>and</strong><br />

mainl<strong>and</strong> Europe I know that BIFA Members<br />

are threatened, not only by a reduction in<br />

trade as global business is impacted, but also<br />

the imperative of ensuring healthy cash flow in<br />

this difficult environment.<br />

It was great to enjoy the 19th BIFA <strong>Freight</strong><br />

Services Awards back in January 2008 <strong>and</strong><br />

enjoy the verve <strong>and</strong> wit of special guest<br />

Gyles Br<strong>and</strong>reth. As well as the winners who<br />

walked away with trophies, I know that BIFA<br />

Members who attended the event came away<br />

with an appreciation of the highest st<strong>and</strong>ards<br />

achievable by their peers. It was impressive,<br />

as well, to realise that the next such ceremony<br />

would be the l<strong>and</strong>mark 20th. Quite an<br />

achievement! Elsewhere, BIFA Members met<br />

up for more intimate social events, <strong>and</strong> I tip<br />

my hat at Members in Liverpool who raised<br />

significant funds for charity.<br />

We started the year focusing on core value for<br />

Members, <strong>and</strong> as we enter an extraordinarily<br />

challenging 2009, we do so in the knowledge<br />

that we have a clear direction <strong>and</strong>, most<br />

importantly, the solid financial base from<br />

which to operate. I am confident that this<br />

<strong>Report</strong> demonstrates how BIFA improved<br />

during the year, not only for the direct benefit<br />

of our membership, but also for the wider<br />

benefit of UK plc’s import <strong>and</strong> export activity.<br />

Peter Quantrill<br />

Director General<br />

We have achieved<br />

a higher public profile,<br />

with a regular BIFA<br />

‘Forward Looking’<br />

column in <strong>International</strong><br />

<strong>Freight</strong>ing Weekly.<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 7


Year in Review<br />

Traditionally, this section<br />

of the <strong>Annual</strong> <strong>Report</strong> is<br />

dedicated to the work of<br />

the various Policy Groups<br />

under the management<br />

<strong>and</strong> administration of the<br />

Trade Services division<br />

of the Secretariat. These<br />

include the Air, Surface,<br />

Customs, Legal &<br />

Insurance <strong>and</strong> Training<br />

& Development Groups<br />

that direct, influence <strong>and</strong><br />

implement the policies of<br />

the <strong>Association</strong>.<br />

These Groups report to the BIFA Council<br />

three times a year <strong>and</strong> their delegate<br />

Members contribute on a voluntary basis.<br />

Those who participate do so for the benefit,<br />

<strong>and</strong> on behalf of, the wider membership as<br />

a whole, of the <strong>Association</strong>. Their names<br />

are listed at the back of this report. We<br />

wish to recognise them for their invaluable<br />

contribution, given freely with the support<br />

<strong>and</strong> blessing of their employers.<br />

Following is a report on various events <strong>and</strong><br />

developments in 2008 which provides a snapshot<br />

of the activities of the <strong>Association</strong>, its<br />

Members <strong>and</strong> the business context in which<br />

much of our work <strong>and</strong> lobbying takes place.<br />

January - March 2008<br />

2008 proved to be a year where significant<br />

elements of the freight industry arena <strong>and</strong><br />

the work of BIFA were influenced by key<br />

decisions <strong>and</strong> new regulations made<br />

by the European Commission (EC) <strong>and</strong><br />

implemented in the UK by HM Revenue<br />

& Customs (HMRC).<br />

A good example of this was when on the<br />

stroke of midnight 2007/08 the EC invited<br />

applications from traders in all EU member<br />

states for the status of Authorised Economic<br />

Operator (AEO). This programme invites<br />

businesses that are actively involved in<br />

Customs operations <strong>and</strong> international trade to<br />

gain certification <strong>and</strong> become internationally<br />

recognised as a compliant, safe <strong>and</strong> secure<br />

trader. BIFA’s Customs Policy Group<br />

supported this initiative <strong>and</strong> encouraged<br />

Members to undergo the voluntary<br />

certification process. Indeed, we had<br />

contributed significantly to HMRC’s thinking<br />

regarding the preparations required for the<br />

implementation of the AEO accreditation in<br />

the UK by assisting with the design of the<br />

application process <strong>and</strong> providing guidance<br />

on content for the supporting documentation.<br />

On a more local basis, the Surface Division<br />

informed Members, who make road<br />

deliveries or collections in connection<br />

with London addresses, including goods<br />

travelling to <strong>and</strong> from London Heathrow,<br />

that the London Low Emission Zone (LEZ)<br />

was to start in February <strong>and</strong> would apply<br />

24/7. Initially it would cover all ‘older’ diesel<br />

lorries over 12 tonnes operating within<br />

the LEZ. By 2012, the regulations would<br />

extend the scope of vehicles covered. Since<br />

then, however, the Mayor of London, Boris<br />

Johnson, has announced his intention to<br />

suspend the third phase of the LEZ, which<br />

was due to affect vans <strong>and</strong> minibuses from<br />

October 2010.<br />

In order to meet EC Regulations, enhanced<br />

import <strong>and</strong> export electronic Customs Entry<br />

filing requirements were introduced in January.<br />

Our Training offering went<br />

from strength to strength<br />

as the year progressed, with<br />

a significant increase in the<br />

number of students trained,<br />

<strong>and</strong> courses offered.<br />

BIFA Training<br />

increases<br />

+16%<br />

in number of<br />

delegates<br />

attending<br />

courses<br />

8 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


Known as SAD Harmonisation (SAD H) the<br />

changes were designed to align the rules for<br />

the provision of Customs entries throughout<br />

the EU <strong>and</strong> to pave the way for the upcoming<br />

EC requirement to pre-report export <strong>and</strong><br />

import cargo from 2009/10. Once again, the<br />

smooth manner in which the switch was<br />

made was down to the efforts of the BIFA<br />

Secretariat, the Customs Policy Group, the<br />

Air Cargo Agents Executive (ACAE) <strong>and</strong><br />

Agency Sector Management (ASM).<br />

Members were invited to visit the training<br />

pages on the BIFA website to see some<br />

changes. Those who did, found the list of<br />

courses had been changed to display the<br />

whole range for ease of use. At the click of<br />

a mouse, when a course is selected a list of<br />

dates <strong>and</strong> venues is displayed which allows<br />

a booking email to be sent directly to BIFA<br />

Training Services.<br />

The great <strong>and</strong> the good of the <strong>British</strong> freight<br />

forwarding industry gathered at the end of<br />

The Air Division represented its sector at January at a glittering lunch in London to<br />

a number of consultative meetings hosted celebrate excellence of the industry at the 19th<br />

by HM Treasury to highlight concerns<br />

BIFA <strong>Freight</strong> Service Awards ceremony. Some<br />

about the Government’s plans to impose a 400 members <strong>and</strong> their guests attended.<br />

so-called ‘Plane Tax’ on aircraft movements The winners were revealed by guest speaker,<br />

rather than tax the individual passenger broadcaster <strong>and</strong> former MP, Gyles Br<strong>and</strong>reth.<br />

under the Air Passenger Duty regime.<br />

The winners had been selected from 25<br />

Importantly, the Treasury’s proposals<br />

companies who had made the shortlists in<br />

included, for the first time, an implied threat nine categories. Schenker, Uniserve Group,<br />

to include air cargo in the scope of this new Ital Logistics, Premier Showfreight, Wincanton,<br />

tax revenue-raising initiative. The change APL Logistics <strong>and</strong> JF Hillebr<strong>and</strong> all picked up<br />

was due to come into effect in November service awards, while Eve Gogarty became<br />

2009, but after industry submissions,<br />

the Young <strong>Freight</strong> Forwarder of the Year, <strong>and</strong><br />

including that from BIFA, the programme Derek W Johnson MBE was presented with<br />

was subsequently ab<strong>and</strong>oned as being the Lifetime Achievement Award.<br />

unworkable, much to our delight, as this<br />

would have been a further obstacle At 31 Dec to traders 2008 In 2008, BIFA Members were warned At 31 Dec of 2007<br />

<strong>and</strong> Members offering air freight services. Registered some of the latest scams targeted Registered at freight<br />

Members forwarders. The scammers use a Members range of<br />

The Training & Development Policy 1,213 Group false communications <strong>and</strong> forgeries 1,231 in an<br />

started the new year with a new online Associate look: attempt to steal money from BIFA Associate Members<br />

Members<br />

Members<br />

38<br />

39<br />

Probationary<br />

Members<br />

153<br />

Probationary<br />

Members<br />

132<br />

The <strong>British</strong> freight forwarding<br />

industry celebrated excellence<br />

at the 19th BIFA <strong>Freight</strong><br />

Service Awards ceremony.<br />

who were told to look out for the directory<br />

invoice scam, the car shipping scam, the<br />

website domain scam <strong>and</strong> the forged letter<br />

requesting transfer of funds overseas.<br />

The air membership were duly advised of<br />

the amended <strong>International</strong> Air Transport<br />

<strong>Association</strong> (IATA) air waybill Conditions<br />

of Contract that came into effect in March<br />

2008. BIFA’s Trade Services delegate to<br />

the IATA/FIATA Consultative Committee<br />

ensured that this <strong>and</strong> other relevant air<br />

industry issues were communicated back to<br />

the wider membership throughout the year.<br />

The sociable side of BIFA membership was<br />

put on show to good effect in two different<br />

parts of the UK. The Scottish Regional<br />

BIFA Training<br />

Total<br />

1,404<br />

Total<br />

1,427<br />

Number of delegates<br />

attending courses<br />

Number of<br />

training days<br />

1,972<br />

1,696<br />

681<br />

535<br />

2008 2007<br />

2008 2007<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 9


Year in Review<br />

Committee held a successful Burns Night<br />

Supper at the Glasgow Hutchesons’ <strong>and</strong><br />

Aloysians RFC while the annual Liverpool<br />

dinner at The Liner, Liverpool was attended<br />

by 180 guests from the shipping <strong>and</strong><br />

forwarding fraternity. The Liverpool event<br />

raised £1,500 for the local baby hospice<br />

charity, Zöe’s Place.<br />

BIFA Members were alerted to another<br />

scam targeted at freight forwarders involving<br />

‘Washed’ cheques. This is when a genuine<br />

cheque has been intercepted in the post, its<br />

payee, cheque number <strong>and</strong> signatures <strong>and</strong><br />

account details are removed <strong>and</strong> replaced<br />

so cleverly that the cheque appears<br />

completely legitimate. When it is apparently<br />

cleared the goods are despatched to the<br />

fraudsters before the cheque is then refused<br />

by the third party.<br />

In terms of security in the supply chain,<br />

Members involved in air freight were<br />

heartened with the news that the Airfreight<br />

Industry Minimum Security St<strong>and</strong>ards<br />

(AIMSS) programme would be rolled out<br />

to more UK airports. Introduced in 2004,<br />

the scheme had attracted more than 150<br />

operators around the London Heathrow<br />

area that have gained AIMSS certification.<br />

It was hoped that the scheme could<br />

be exp<strong>and</strong>ed to Manchester, Glasgow,<br />

Stansted <strong>and</strong> Gatwick airports.<br />

In March the Training & Development Policy<br />

Group launched a new course: ‘Sea <strong>Freight</strong> –<br />

the Basics’ - a one-day course aimed at sea<br />

freight beginners, or those working with other<br />

modes who wish to migrate to sea freight.<br />

This course has proved to be a great success<br />

<strong>and</strong> covers subjects such as bills of lading,<br />

use of Lloyd’s Loading List <strong>and</strong> sea freight<br />

terminology.<br />

There was good news for Members At 31 Dec of the 2008 At 31 Dec 2007<br />

BIFA Surface <strong>and</strong> Air Divisions that are<br />

Registered<br />

Registered<br />

involved in transatlantic supply chain Members activity<br />

Members<br />

as US-EU supply chain security reciprocal 1,213<br />

1,231<br />

Members were invited to<br />

recognition seemed to move a step Associate closer.<br />

Associate<br />

However, this positive news was balanced Members visit the new look training Members<br />

38<br />

39<br />

by reports that the Chancellor had revived pages on the BIFA website,<br />

prospects of national road pricing<br />

Probationary<br />

with his<br />

Probationary<br />

Members allowing a much more Members<br />

Budget announcement to fund developments 153<br />

132<br />

in road pricing technology.<br />

user-friendly experience.<br />

Total<br />

Total<br />

IATA unilaterally announced that some 1,404 400 without any justification <strong>and</strong> considered 1,427by<br />

CASS (Cargo Agents Settlement System) many to disguise what was little more than a<br />

Associates, that included a high number of revenue-raising opportunity.<br />

BIFA Members, would have to provide bank<br />

guarantees <strong>and</strong> be subject to an annual April - June 2008<br />

fee 1,972 from June 2008. This imposition, given The 681 Customs Policy Group highlighted<br />

that compliance in the UK to the CASS concerns that the Money Laundering<br />

payments terms<br />

1,696<br />

has historically been near Regulations, which had come into effect<br />

535<br />

100%, was rejected out of h<strong>and</strong> by BIFA’s in December 2007, could result in BIFA<br />

Air Policy Group <strong>and</strong> a number of UK-based Members coming under the scope of the<br />

airline representatives. Subsequently, IATA legislation. Following extensive consultation<br />

was forced to ab<strong>and</strong>on its plans which were with HM Treasury <strong>and</strong> HMRC, Trade<br />

2008 2007<br />

BIFA Website : www.bifa.org<br />

Average no. of visitors<br />

per day<br />

575 1,600<br />

520<br />

2008 2007<br />

Average no. of page<br />

views per day<br />

1,200<br />

2008 2007 2008 2007<br />

10 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


Services were able to secure an agreement<br />

that the core activities of both Forwarders<br />

<strong>and</strong> Customs Brokers fell outside of the<br />

scope of this Regulation.<br />

In April 2008, the Corporate Manslaughter<br />

<strong>and</strong> Corporate Homicide Act 2007 came<br />

into force. BIFA highlighted the importance<br />

of recognising the significance of this<br />

legislation <strong>and</strong> its potential impact.<br />

There is no maximum fine for this offence.<br />

Another sanction is a publicity order<br />

alongside the fine that could impose a<br />

duty to place announcements in the trade<br />

press <strong>and</strong> letters to all shareholders,<br />

customers <strong>and</strong> suppliers.<br />

The dates of a presentation of the<br />

‘Multimodal <strong>Freight</strong> Training Level 2’<br />

course, to be held at Feltham, were<br />

announced. This course is an addon<br />

to the ‘BTEC Intermediate Award<br />

in Multimodal <strong>International</strong> <strong>Freight</strong><br />

Procedures’. The course was set for<br />

4 September <strong>and</strong> 2 October.<br />

The Training & Development Policy<br />

Group was pleased to announce that,<br />

due to the popularity of its one-day<br />

‘Sea <strong>Freight</strong> – the Basics’ course, three<br />

additional dates were arranged in<br />

May in Leeds, Hull <strong>and</strong> Feltham.<br />

A series of courses were arranged by BIFA<br />

Training Services to evaluate <strong>and</strong> accredit<br />

c<strong>and</strong>idates under the Department for<br />

Transport’s aviation security National X-Ray<br />

Competency Testing (NXCT) programme.<br />

BIFA, representing FIATA, in conjunction<br />

with IATA began a series of meetings<br />

with representatives from the European<br />

Commission relative to the planned<br />

implementation of the Import <strong>and</strong> Export<br />

Control programmes in the aviation sector<br />

in July 2009.<br />

As the Government tightened the law<br />

on illegal working in response to public<br />

concern over border security, <strong>and</strong><br />

increasing numbers of migrant workers<br />

arriving in the UK, BIFA sought to appraise<br />

how the changes could affect employers<br />

in the transport supply chain.<br />

The AEO programme implementation got<br />

underway, <strong>and</strong> some BIFA Members were<br />

among the first to be AEO-accredited.<br />

Criteria include HMRC looking at an<br />

applicant’s record of tax <strong>and</strong> Customs<br />

activity over the previous three years <strong>and</strong><br />

whether serious or repeated infringements<br />

of Customs rules have been committed,<br />

as well as a comprehensive business<br />

process audit.<br />

In June the BIFA <strong>Freight</strong> Service Awards<br />

2008 were launched – but this was no<br />

ordinary occasion as these Awards are<br />

truly a milestone in recording achievements<br />

in the UK freight industry. We noted that<br />

these will be the 20th BIFA <strong>Freight</strong> Service<br />

Awards <strong>and</strong> have judged <strong>and</strong> recorded the<br />

best practice <strong>and</strong> highest levels of service<br />

in the UK supply chain industry since<br />

1989 – two decades that have seen some<br />

of the greatest changes in UK logistics<br />

<strong>and</strong> transportation, <strong>and</strong> some of the most<br />

exciting times to be involved in freight.<br />

As oil threatened to go north of<br />

US Dollar 150 a barrel, BIFA’s Air<br />

Division spelt out to Members what<br />

it was doing concerning escalating<br />

airline surcharges. The<br />

<strong>Association</strong> was keen that<br />

Members should know how<br />

to make sure customers<br />

understood <strong>and</strong> agreed<br />

to the fact that they are<br />

subject to the terms <strong>and</strong><br />

requirements of the carrier.<br />

The Training & Development<br />

Policy Group noted the 30 June<br />

deadline for all existing X-Ray<br />

screeners to have completed<br />

the NXCT regime.<br />

Average daily page<br />

views increased by<br />

+33%<br />

in 2008 compared<br />

to 2007<br />

2008 proved to be a year<br />

where significant elements<br />

of the freight industry arena,<br />

<strong>and</strong> the work of BIFA, were<br />

influenced by key decisions<br />

<strong>and</strong> new regulations created<br />

by both the EU & HMRC.<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 11


Year in Review<br />

The Air Forwarding Policy Group won the<br />

annual golf challenge played against the<br />

Air Services Policy Group at the Drift Golf<br />

Club, East Horsley in Surrey.<br />

July - September 2008<br />

July got off to a rocky start as global<br />

demonstrations against the escalating<br />

oil price <strong>and</strong> political resistance to port<br />

privatisation in many parts of the world,<br />

interrupted global supply chains.<br />

These concerns were echoed in the UK<br />

as BIFA lobbied for an ‘essential user’<br />

rebate of fuel duty <strong>and</strong> the postponement<br />

of a planned 2p a litre duty increase<br />

targeted for October 2008.<br />

BIFA Regional Chairman, Bernard<br />

Fairclough, gave such an excellent<br />

presentation at the Liverpool regional<br />

committee that he was re-elected into<br />

the post for another term! The highlight of<br />

the meeting was the presentation of two<br />

cheques to charity Zöe’s Place: one for<br />

£1,500, raised in January, <strong>and</strong> the second,<br />

the proceeds of the auction of a football<br />

shirt donated by player Fern<strong>and</strong>o Torres.<br />

The UK retained opt-out on the EU<br />

Working Time Directive following a meeting<br />

of European employment ministers.<br />

This allows employees to work longer than<br />

48 hours a week. Lawmakers in Brussels,<br />

however, indicated this was not a permanent<br />

exclusion <strong>and</strong> would be reviewed in 2016.<br />

In the domestic labour market, the TUC<br />

<strong>and</strong> CBI agreed on the rights of agency<br />

workers, also approved in Brussels. Key is<br />

the recognition that agency workers will now<br />

enjoy full workers’ rights after 12 weeks.<br />

The Training & Development Policy<br />

Group saw the launch of the five-day<br />

‘BTEC Intermediate Award in Customs<br />

Export <strong>and</strong> Import Procedures’ in<br />

Glasgow, in response to Members’<br />

requests. The course, over five days in<br />

July <strong>and</strong> August, was for staff who had<br />

a basic underst<strong>and</strong>ing <strong>and</strong> knowledge of<br />

Customs procedures but wished to<br />

exp<strong>and</strong> their skills.<br />

In August, the Incoterms drafting group met<br />

with a view to circulating an initial draft of<br />

the revised Incoterms in Q1 2009. A second<br />

meeting was slated for October.<br />

BIFA Solent Members with a keen interest<br />

in modern-day ocean transport enjoyed a<br />

tour of DP World at Southampton to update<br />

themselves on the workings of this modern<br />

container port.<br />

The Department for Transport (DfT)<br />

published a series of case studies intended<br />

to raise awareness of freight transport,<br />

especially the viability of alternative<br />

BIFA was successful in<br />

securing an agreement that<br />

the core activities of both<br />

Forwarders <strong>and</strong> Customs<br />

Brokers fell outside of the<br />

scope of the new Money<br />

Laundering Regulation.<br />

transport modes such as water. The six<br />

studies were produced as part of the<br />

DfT’s sustainable transport initiative.<br />

In September, BIFA Members breathed a<br />

sigh of relief as oil fell back to under<br />

US Dollar 100 a barrel <strong>and</strong> began a retreat<br />

that would last for the remainder of the year.<br />

The <strong>Association</strong> welcomed a BBC initiative<br />

to br<strong>and</strong> <strong>and</strong> track a 40’ container as<br />

The <strong>Association</strong><br />

welcomed a BBC<br />

initiative to br<strong>and</strong> <strong>and</strong><br />

track a 40’ container<br />

as it travels the world<br />

to demonstrate the<br />

interconnectivity of<br />

world trade.<br />

12 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


it travels the world to demonstrate the<br />

interconnectivity of world trade. The project<br />

was br<strong>and</strong>ed ‘The Box’ <strong>and</strong> set off with its<br />

first cargo, Scottish whisky, to Shanghai.<br />

The Surface Policy Group became<br />

concerned when a massive fire in the<br />

Channel Tunnel threatened to disrupt<br />

freight shuttle services between the UK <strong>and</strong><br />

mainl<strong>and</strong> Europe for months. The fire, which<br />

raged for 17 hours, started on a freight<br />

vehicle on a Shuttle heading for France.<br />

The Solent Region golf day, organised by<br />

Carey House of MOL Europe, took place<br />

at Hamptworth Golf <strong>and</strong> Country Club,<br />

L<strong>and</strong>ford. It was the sixth occasion the<br />

event had been held <strong>and</strong> was judged a<br />

success, despite the bad weather.<br />

October - December 2008<br />

The Surface Policy Group saw one door<br />

open only to have another one closed in<br />

terms of ocean shipping. A historic change<br />

in the traditional world of shipping came as<br />

the door was finally closed on shipping line<br />

cartels operating out of Europe when EU<br />

Conferences were outlawed at midnight on<br />

17 October 2008. These cartels had worked<br />

largely in the interest of the shipping lines<br />

that, free from the rigours of competition,<br />

stifled real choice for BIFA Members <strong>and</strong><br />

their customers.<br />

However, just two days before, on 15<br />

October 2008, a US Customs <strong>and</strong> Border<br />

Protection law came into effect requiring all<br />

laden containers entering the US by ocean<br />

to have seals to meet the ISO/PAS 17712<br />

st<strong>and</strong>ard. While itself no bar to trade, it was<br />

yet another cost imposition <strong>and</strong> measure<br />

that required compliance to serve the<br />

world’s most important ocean container<br />

destinations.<br />

On a happier note, the distinguished guest at<br />

next year’s 20th BIFA <strong>Freight</strong> Service Awards<br />

2009 was announced: the Rt. Hon. Michael<br />

Portillo, former Transport Minister, journalist<br />

<strong>and</strong> business consultant.<br />

Oil continued its plunge to below US Dollar<br />

70 a barrel <strong>and</strong> a major development<br />

affecting air freight made the news headlines<br />

when BAA was told to sell two of its London<br />

airports <strong>and</strong> a further one in Scotl<strong>and</strong>. In the<br />

longer term, real competition in l<strong>and</strong>ing fees<br />

between these airports can only benefit the<br />

wide number of BIFA Members who send<br />

bellyhold cargo out of the UK.<br />

The Directors <strong>and</strong> management from the<br />

Secretariat hosted the annual Customs<br />

lunch at the Baltic Exchange. This important<br />

annual event enables both the <strong>Association</strong><br />

<strong>and</strong> senior representatives from Customs to<br />

meet informally in an atmosphere of mutual<br />

confidence, <strong>and</strong> discuss a number of the<br />

wider customs issues affecting our industry.<br />

BIFA Members were reminded that, when<br />

necessary, in order to fall back on BIFA<br />

St<strong>and</strong>ard Trading Conditions (STC) for liability<br />

protection <strong>and</strong> limitation, it was important<br />

to make sure that the STC were formally<br />

engaged between Members <strong>and</strong> their<br />

customer base. It is potentially dangerous<br />

to assume that your contracted customers<br />

will know of the existence of the STC. These<br />

should be brought to the attention of every<br />

customer to prevent argument <strong>and</strong> possible<br />

costly court action further down the line.<br />

Members were advised that Trade<br />

Subscriptions for 2009 remained unchanged.<br />

As the midnight hour chimed on 2008/09,<br />

we could only hold our breath on what<br />

the New Year would bring. Much of the<br />

industry was battening down the hatches<br />

in preparation for rough weather ahead yet<br />

there remain many positives about the sector.<br />

BIFA hopes the anticipated downturn<br />

in 2009 is short-lived <strong>and</strong> replaced quickly<br />

by a period of recovery.<br />

BIFA successfully lobbied<br />

against proposed<br />

+2p<br />

per litre increase in<br />

fuel duty planned<br />

for October 2008<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 13


<strong>Report</strong> of the Board of<br />

Directors on the <strong>Accounts</strong><br />

for the year ended 31 December 2008<br />

The Directors present their report <strong>and</strong><br />

financial statements for the year ended<br />

31 December 2008.<br />

1. Constitution<br />

The <strong>British</strong> <strong>International</strong> <strong>Freight</strong> <strong>Association</strong><br />

is a company limited by guarantee. The<br />

liability of the Members is limited in the event<br />

of the <strong>Association</strong> being wound up to an<br />

amount not exceeding £1.<br />

2. Principal Activities <strong>and</strong> Review<br />

of the Year<br />

The <strong>Association</strong> is the primary<br />

representational body of the international<br />

freight services industry <strong>and</strong> its objects,<br />

amongst others, are to promote the interest<br />

<strong>and</strong> welfare of its Members within the freight<br />

services industry.<br />

The results for the year are set out on page<br />

16 of the accounts.<br />

3. Board Composition<br />

The composition of the Board at<br />

31 December 2008 is set out on page 23.<br />

All Board Members are Directors of the<br />

<strong>Association</strong>.<br />

4. Auditors<br />

The auditors, Alliotts, are deemed to be<br />

reappointed under Section 487(2) of the<br />

Companies Act 2006.<br />

5. Directors’ Responsibilities<br />

The Directors are responsible for preparing<br />

the financial statements in accordance with<br />

applicable law <strong>and</strong> regulations.<br />

Company Law requires the Directors to<br />

prepare financial statements for each<br />

financial year. Under the law the Directors<br />

have elected to prepare the financial<br />

statements in accordance with United<br />

Kingdom Generally Accepted Accounting<br />

Practice (United Kingdom Accounting<br />

St<strong>and</strong>ards <strong>and</strong> applicable law). The financial<br />

statements are required by law to give a<br />

true <strong>and</strong> fair view of the state of affairs of<br />

the company <strong>and</strong> of the profit or loss of<br />

the company for that period. In preparing<br />

those financial statements, the Directors are<br />

required to :<br />

- select suitable accounting policies <strong>and</strong> then<br />

apply them consistently;<br />

- make judgements <strong>and</strong> estimates that are<br />

reasonable <strong>and</strong> prudent;<br />

- prepare the financial statements on<br />

the going concern basis unless it is<br />

inappropriate to presume that the company<br />

will continue in business.<br />

The Directors are responsible for keeping<br />

proper accounting records which disclose<br />

with reasonable accuracy at any time the<br />

financial position of the company <strong>and</strong> to<br />

enable them to ensure that the financial<br />

statements comply with the Companies<br />

Act 1985. They are also responsible for<br />

safeguarding the assets of the company <strong>and</strong><br />

hence for taking reasonable steps for the<br />

prevention <strong>and</strong> detection of fraud <strong>and</strong> other<br />

irregularities.<br />

6. Statement of Disclosure to Auditors<br />

(a) So far as the Directors are aware, there<br />

is no relevant audit information of which the<br />

company’s auditors are unaware, <strong>and</strong><br />

(b) they have taken all the steps that they<br />

ought to have taken as Directors in order<br />

to make themselves aware of any relevant<br />

audit information <strong>and</strong> to establish that<br />

the company’s auditors are aware of that<br />

information.<br />

This report has been prepared in accordance<br />

with the special provisions of Part VII of<br />

the Companies Act 1985 relating to small<br />

companies.<br />

Signed on behalf of the Board<br />

Peter Quantrill<br />

Director General <strong>and</strong> Secretary<br />

2 April 2009<br />

Company Number: 391973<br />

14 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


<strong>Report</strong> of the<br />

Independent Auditors<br />

to the Members of the <strong>British</strong> <strong>International</strong> <strong>Freight</strong> <strong>Association</strong><br />

We have audited the financial statements of<br />

the <strong>British</strong> <strong>International</strong> <strong>Freight</strong> <strong>Association</strong><br />

for the year ended 31 December 2008 which<br />

comprise the Income <strong>and</strong> Expenditure<br />

account, the Balance Sheet <strong>and</strong> the related<br />

notes. These financial statements have been<br />

prepared under the accounting policies<br />

set out therein <strong>and</strong> the requirements of the<br />

Financial <strong>Report</strong>ing St<strong>and</strong>ard for Smaller<br />

Entities (effective January 2007).<br />

This report is made solely to the company’s<br />

Members, as a body, in accordance with<br />

Section 235 of the Companies Act 1985.<br />

Our audit work has been undertaken so that<br />

we might state to the company’s Members<br />

those matters we are required to state to<br />

them in an auditor’s report <strong>and</strong> for no other<br />

purpose. To the fullest extent permitted<br />

by law, we do not accept or assume<br />

responsibility to anyone other than the<br />

company <strong>and</strong> the company’s Members as<br />

a body, for our audit work, for this report, or<br />

for the opinions we have formed.<br />

Respective Responsibilities of the<br />

Directors <strong>and</strong> Auditors<br />

The Directors’ responsibilities for the<br />

<strong>Annual</strong> <strong>Report</strong> <strong>and</strong> the financial statements<br />

in accordance with applicable law <strong>and</strong><br />

United Kingdom Accounting St<strong>and</strong>ards<br />

(United Kingdom Generally Accepted<br />

Accounting Practice) are set out in the<br />

statement of Directors’ Responsibilities<br />

in the Directors’ <strong>Report</strong>.<br />

Our responsibility is to audit the financial<br />

statements in accordance with relevant legal<br />

<strong>and</strong> regulatory requirements <strong>and</strong> <strong>International</strong><br />

St<strong>and</strong>ards on Auditing (UK <strong>and</strong> Irel<strong>and</strong>). We<br />

report to you our opinion as to whether the<br />

financial statements give a true <strong>and</strong> fair view<br />

<strong>and</strong> are properly prepared in accordance with<br />

the Companies Act 1985. We also report to<br />

you whether in our opinion the information<br />

given in the Directors’ <strong>Report</strong> is consistent<br />

with the financial statements.<br />

In addition we report to you if, in our opinion,<br />

the company has not kept proper accounting<br />

records, or if we have not received all the<br />

information <strong>and</strong> explanations we require<br />

for our audit, or if information specified<br />

by law regarding Directors’ remuneration<br />

<strong>and</strong> transactions with the company is not<br />

disclosed.<br />

We read other information contained in<br />

the <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> consider whether<br />

it is consistent with the audited financial<br />

statements. This other information<br />

comprises only the Directors’ <strong>Report</strong>,<br />

President’s <strong>Report</strong>, Chairman’s <strong>Report</strong> <strong>and</strong><br />

Director General’s <strong>Report</strong>. We consider the<br />

implications for our report if we become<br />

aware of any apparent misstatements or<br />

material inconsistencies with the financial<br />

statements. Our responsibilities do not<br />

extend to any other information beyond that<br />

referred to in this paragraph.<br />

Basis of Audit Opinion<br />

We conducted our audit in accordance with<br />

<strong>International</strong> St<strong>and</strong>ards on Auditing (UK <strong>and</strong><br />

Irel<strong>and</strong>) issued by the Auditing Practices<br />

Board. An audit includes examination, on<br />

a test basis, of evidence relevant to the<br />

amounts <strong>and</strong> disclosures in the financial<br />

statements. It also includes an assessment<br />

of the significant estimates <strong>and</strong> judgements<br />

made by the Directors in the preparation<br />

of the financial statements, <strong>and</strong> of whether<br />

the accounting policies are appropriate to<br />

the company’s circumstances, consistently<br />

applied <strong>and</strong> adequately disclosed.<br />

We planned <strong>and</strong> performed our audit so as<br />

to obtain all the information <strong>and</strong> explanations<br />

which we considered necessary in order<br />

to provide us with sufficient evidence<br />

to give reasonable assurance that the<br />

financial statements are free from material<br />

misstatement, whether caused by fraud<br />

or other irregularity or error. In forming<br />

our opinion we also evaluated the overall<br />

adequacy of the presentation of information<br />

in the financial statements.<br />

Opinion<br />

In our opinion:<br />

• the financial statements give a true <strong>and</strong> fair<br />

view, in accordance with United Kingdom<br />

Generally Accepted Accounting Practice<br />

applicable to Smaller Entities, of the state<br />

of the company’s affairs as at 31 December<br />

2008 <strong>and</strong> of its result for the year then<br />

ended; <strong>and</strong><br />

• the financial statements have been<br />

properly prepared in accordance with the<br />

Companies Act 1985.<br />

• the information given in the Directors’<br />

<strong>Report</strong> is consistent with the financial<br />

statements.<br />

Alliotts<br />

Chartered Accountants<br />

& Registered Auditors<br />

Friary Court<br />

13-21 High Street<br />

Guildford<br />

Surrey GU1 3DL<br />

2 April 2009<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 15


Income <strong>and</strong><br />

Expenditure Account<br />

for the year ended 31 December 2008<br />

Note<br />

2008<br />

£<br />

2007<br />

£<br />

Turnover 1 1,729,223 1,614,365<br />

Cost of sales (359,622) (330,478)<br />

Gross surplus 1,369,601 1,283,887<br />

Administrative expenses (1,283,200) (1,322,523)<br />

Operating surplus/(deficit) 86,401 (38,636)<br />

Impairment losses 5 (31,976) -<br />

Surplus/(deficit) on ordinary activities before interest 54,425 (38,636)<br />

Interest receivable 3 40,609 44,929<br />

Surplus on ordinary activities before taxation 2 95,034 6,293<br />

Taxation on surplus on ordinary activities 4 (26,026) (5,241)<br />

Surplus for the year 69,008 1,052<br />

All recognised gains <strong>and</strong> losses in the year <strong>and</strong> the previous year have been included in the Income <strong>and</strong> Expenditure Account.<br />

The results for the year <strong>and</strong> the previous year as set out above have been derived entirely from continuing operations.<br />

16 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


Balance<br />

Sheet<br />

as at 31 December 2008<br />

Note<br />

2008<br />

£<br />

2007<br />

£<br />

Fixed assets<br />

Tangible Assets 5 295,583 326,845<br />

Unlisted Assets 6 510 510<br />

296,093 327,355<br />

Current assets<br />

Debtors 7 99,425 68,016<br />

Cash at bank <strong>and</strong> in h<strong>and</strong> 801,855 759,932<br />

901,280 827,948<br />

Creditors<br />

Amounts falling due within one year 8 (519,043) (545,981)<br />

Net current assets 382,237 281,967<br />

Net assets 678,330 609,322<br />

Capital <strong>and</strong> reserves<br />

Accumulated Fund<br />

- Property Reserves 11 265,000 306,976<br />

- Other Reserves 11 413,330 302,346<br />

678,330 609,322<br />

These financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to<br />

small companies <strong>and</strong> with the Financial <strong>Report</strong>ing St<strong>and</strong>ard for Smaller Entities (effective January 2007).<br />

Approved on behalf of the Board<br />

2 April 2009<br />

Philip Stephenson<br />

Chairman<br />

Peter Quantrill<br />

Director General<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 17


Notes to<br />

the <strong>Accounts</strong><br />

for the year ended 31 December 2008<br />

1. Accounting Policies<br />

1.1 Accounting convention<br />

The financial statements are prepared under the historical cost convention <strong>and</strong> in accordance with the Financial <strong>Report</strong>ing St<strong>and</strong>ard for<br />

Smaller Entities (effective January 2007).<br />

1.2 Compliance with accounting st<strong>and</strong>ards<br />

The financial statements are prepared in accordance with applicable United Kingdom Accounting St<strong>and</strong>ards (United Kingdom Generally<br />

Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).<br />

1.3 Turnover<br />

Turnover represents amounts excluding VAT.<br />

1.4 Depreciation<br />

As a matter of prudence a report <strong>and</strong> valuation of the freehold property was obtained in October 2001 from an independent firm of Chartered<br />

Surveyors. They reported that they considered the open market value at that time to be £345,000. At the time of a previous valuation in 1992<br />

it was determined to adopt a policy of writing off the approximate rebuilding cost of the property of £350,000 over a period of thirty five years<br />

from the date of acquisition <strong>and</strong> the Directors consider it reasonable to continue this policy. As a result the income <strong>and</strong> expenditure account<br />

has been charged with £10,000 depreciation in the year.<br />

The fixed assets are included at cost less aggregate depreciation. The rates of depreciation are as follows:<br />

Freehold property - L<strong>and</strong><br />

Nil<br />

- Buildings Over 35 years<br />

Office furniture <strong>and</strong> equipment 25%-33% on cost<br />

1.5 Leasing<br />

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.<br />

1.6 Investments<br />

Fixed asset investments are stated at cost less provision for diminution in value.<br />

2. Operating Profit/(Loss)<br />

Operating profit/(loss) is stated after charging:<br />

2008<br />

£<br />

2007<br />

£<br />

Depreciation of tangible assets 32,999 33,659<br />

Auditors’ remuneration 11,000 10,500<br />

The number of Directors for whom retirement benefits are accruing under money purchase pension schemes amounted to 2 (2007: 2).<br />

3. Investment Income<br />

2008<br />

£<br />

2007<br />

£<br />

Bank interest 40,609 44,929<br />

40,609 44,929<br />

4. Taxation<br />

2008<br />

£<br />

2007<br />

£<br />

UK corporation tax 26,559 5,241<br />

Adjustment for prior years (533) -<br />

Current tax charge 26,026 5,241<br />

18 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


5. Tangible Fixed Assets<br />

L<strong>and</strong> <strong>and</strong><br />

buildings<br />

£<br />

Plant <strong>and</strong><br />

machinery<br />

£<br />

Total<br />

£<br />

Costs<br />

At 1 January 2008 506,976 192,623 699,599<br />

Additions - 33,713 33,713<br />

At 31 December 2008 506,976 226,336 733,312<br />

Depreciation:<br />

At 1 January 2008 200,000 172,754 372,754<br />

Impairment losses 31,976 - 31,976<br />

Charge for the year 10,000 22,999 32,999<br />

At 31 December 2008 241,976 195,753 437,729<br />

Net Book Value:<br />

At 31 December 2008 265,000 30,583 295,583<br />

At 31 December 2007 306,976 19,869 326,845<br />

The Directors reviewed the carrying value of the freehold l<strong>and</strong> during the year <strong>and</strong> following discussions with local l<strong>and</strong> agents it was found that<br />

the value of the l<strong>and</strong> had fallen in value from £156,976 to £125,000. The accounts reflect this impairment in value. The l<strong>and</strong> is not depreciated in<br />

line with FRS15.<br />

6. Fixed Assets - Investments<br />

Cost<br />

£<br />

Unlisted Investment<br />

BIFA Mutual Insurance Co Ltd<br />

50 1p Participating Redeemable Preference shares 508<br />

Subsidiary<br />

Country of<br />

Registration Holding<br />

Institute of <strong>Freight</strong> Forwarders Ltd: Engl<strong>and</strong> 100% 2<br />

The subsidiary company has not traded in the year. Group accounts have not been prepared as in the opinion of the Directors they would be of<br />

no value to the Members.<br />

510<br />

7. Debtors<br />

2008<br />

£<br />

2007<br />

£<br />

Trade debtors 30,346 11,433<br />

Prepayments <strong>and</strong> accrued income 69,079 56,583<br />

99,425 68,016<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 19


Notes to<br />

the <strong>Accounts</strong><br />

for the year ended 31 December 2008<br />

8. Creditors<br />

2008<br />

£<br />

2007<br />

£<br />

Amounts falling due within one year:<br />

Trade creditors 136,087 111,616<br />

Taxation <strong>and</strong> social security 51,648 48,115<br />

Accruals <strong>and</strong> deferred income 331,308 386,250<br />

519,043 545,981<br />

9. Pension Costs<br />

2008<br />

£<br />

2007<br />

£<br />

Defined contribution<br />

Contributions payable by the company for the year 35,018 39,698<br />

10. Share Capital<br />

The company is limited by guarantee <strong>and</strong> does not have a share capital. In the event of any winding up each member’s liability is limited to<br />

the sum of £1.<br />

11. Statement Of Movement On Profit And Loss Account<br />

Property<br />

Reserves<br />

£<br />

Other<br />

Reserves<br />

£<br />

Total<br />

Reserves<br />

£<br />

Balance at 1 January 2008 306,976 302,346 609,322<br />

Surplus/(deficit) for the year before impairment losses (10,000) 110,984 100,984<br />

Impairment losses (31,976) - (31,976)<br />

Balance at 31 December 2008 265,000 413,330 678,330<br />

The property reserve represents Net Assets tied up in the property at Redfern House, Feltham, Middlesex.<br />

12. Financial Commitments<br />

At 31 December 2008 the company was committed to making the following<br />

payments under non-cancellable operating leases in the year to 31 December 2009:<br />

2008<br />

£<br />

2007<br />

£<br />

Operating leases which expire between two <strong>and</strong> five years 7,448 7,448<br />

13. Capital Commitments<br />

There were no capital commitments at the year end.<br />

20 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008


Detailed Income <strong>and</strong><br />

Expenditure Account<br />

for the year ended 31 December 2008<br />

2008<br />

£<br />

2007<br />

£<br />

Income (see below) 1,729,223 1,614,365<br />

Less: Related Expenditure (see below) (359,622) (330,478)<br />

Gross surplus 1,369,601 1,283,887<br />

Less: Administrative Expenses (see page 22) (1,283,200) (1,322,523)<br />

Operating surplus/(deficit) 86,401 (38,636)<br />

Impairment losses on l<strong>and</strong> (31,976) -<br />

Surplus/(deficit) on ordinary activities before interest 54,425 (38,636)<br />

Interest receivable 40,609 44,929<br />

Surplus on ordinary activities before taxation 95,034 6,293<br />

Taxation (26,026) (5,241)<br />

Surplus for the year 69,008 1,052<br />

Detailed Analysis of Income<br />

<strong>and</strong> Related Expenditure<br />

As at 31 December 2008<br />

2008<br />

Income<br />

£<br />

2008<br />

Expenditure<br />

£<br />

2007<br />

Income<br />

£<br />

2007<br />

Expenditure<br />

£<br />

Membership<br />

Subscriptions 1,232,076 1,152,347<br />

Application fees 12,307 10,551<br />

1,244,383 1,162,898<br />

Commercial Activities<br />

Education <strong>and</strong> Training 392,820 291,566 338,266 251,437<br />

Publications 3,162 3,455 3,490 3,710<br />

Events 62,726 60,922 85,124 73,009<br />

FIATA <strong>and</strong> sundry sales 26,132 3,679 24,587 2,322<br />

484,840 359,662 451,467 330,478<br />

Total 1,729,223 359,622 1,614,365 330,478<br />

This page does not form part of the audited financial statements of the <strong>Association</strong><br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 21


Detailed Analysis<br />

of Expenditure<br />

for the year ended 31 December 2008<br />

Administrative Expenses<br />

2008<br />

£<br />

2008<br />

£<br />

2007<br />

£<br />

2007<br />

£<br />

Staff Costs<br />

Wages <strong>and</strong> Salaries 412,434 431,783<br />

National Insurance 39,634 41,915<br />

Pension costs 35,018 39,698<br />

487,086 513,396<br />

DG Designate costs - 23,049<br />

Permanent Health Insurance 7,776 8,859<br />

Private Health Insurance 6,323 9,181<br />

500,984 551,627<br />

Professional Services 56,175 41,614<br />

Office Costs:<br />

Insurances 6,866 7,586<br />

Audit fees 11,000 10,500<br />

Accountancy 7,405 7,650<br />

Legal <strong>and</strong> professional costs 9,217 63,556<br />

<strong>Annual</strong> report costs 8,002 5,566<br />

Rates 19,201 16,236<br />

Light <strong>and</strong> heat 2,088 3,826<br />

Postage <strong>and</strong> stationery 51,316 30,743<br />

Subscriptions 5,460 5,255<br />

Sundry office expenses 23,543 25,876<br />

Bank charges 3,315 3,370<br />

147,413 180,164<br />

Advertising 45,336 31,597<br />

Establishment costs<br />

Telecommunications 8,524 6,948<br />

Computer support/website 47,888 42,024<br />

Repairs <strong>and</strong> maintenance 54,244 38,426<br />

110,656 87,398<br />

Magazine costs<br />

BIFAlink 42,652 42,728<br />

Central Secretariat costs 23,980 26,228<br />

Board expenses 8,558 12,089<br />

Depreciation 32,999 33,659<br />

Policy Groups 22,381 21,387<br />

<strong>International</strong> representations 119,845 113,113<br />

Regional <strong>and</strong> Branch Committee costs 172,221 180,919<br />

1,283,200 1,322,523<br />

Regional <strong>and</strong> Branch Committee Costs<br />

2008<br />

£<br />

2007<br />

£<br />

North East Engl<strong>and</strong> 32,447 31,879<br />

North West Engl<strong>and</strong> <strong>and</strong> Northern Irel<strong>and</strong> 37,882 46,053<br />

Scotl<strong>and</strong> 25,593 24,736<br />

South of Engl<strong>and</strong> 39,552 41,394<br />

South East 36,747 36,857<br />

172,221 180,919<br />

22 BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008<br />

This page does not form part of the audited financial statements of the <strong>Association</strong>


Our People<br />

Policy Group Key<br />

l<br />

Chairman<br />

n<br />

Vice-Chairman<br />

s<br />

Co-opted<br />

Designed <strong>and</strong> produced by Intereurope Communications Group www.icgonline.co.uk<br />

Board of Directors<br />

The Board meets six times per year <strong>and</strong> has<br />

responsibility for the financial <strong>and</strong> strategic<br />

management of the <strong>Association</strong>. The Board<br />

takes account of all matters affecting the<br />

members <strong>and</strong> ensures that the <strong>Association</strong><br />

maintains effective relationships with such<br />

bodies <strong>and</strong> organisations necessary for the<br />

conduct <strong>and</strong> development of the <strong>Association</strong>.<br />

National Chairman<br />

Philip Stephenson<br />

Vice-Chairman<br />

Andrew Melton<br />

Immediate Past<br />

Chairman<br />

Doug Overett<br />

Advisory Group<br />

Dangerous Goods<br />

Manager: John O’Connell<br />

Bob Cross (Chairman)<br />

Christine D’Arcy<br />

Andy Dearn<br />

Dave Green<br />

Clive Savigar<br />

Ray Stephens<br />

Dick Masters<br />

Director General<br />

Peter Quantrill<br />

Executive Director<br />

Robert Keen<br />

Elected<br />

Roy Baker<br />

Clive Broadley<br />

Steve Parker<br />

Tommy Rodgers<br />

Auditors<br />

Alliotts. Friary Court, 13-21 High Street<br />

Guildford, Surrey GU1 3DL<br />

Bankers<br />

National Westminster Bank Plc<br />

136 The Centre, Feltham,<br />

Middlesex TW13 4BS<br />

Council Members<br />

The Council meets three times a year with<br />

responsibility to ensure that the interests<br />

of the members are protected at all times.<br />

It takes account of all matters affecting the<br />

industry <strong>and</strong> offers advice to the Board on<br />

any matters which the Board may bring<br />

before it.<br />

President<br />

The Rt. Hon. the<br />

Lord Fowler<br />

National Chairman<br />

Philip Stephenson<br />

Vice-Chairman<br />

Andrew Melton<br />

Policy Group Chairmen<br />

Air<br />

Mark Wardman<br />

Air Services<br />

Martyn Ratcliffe<br />

Customs Division<br />

Steve Parker<br />

Regional Committees<br />

Area Committee Chairmen<br />

Anglia<br />

TBA<br />

Humber<br />

TBA<br />

Kent <strong>and</strong> East<br />

Sussex<br />

Stephen Bishopp<br />

Liverpool<br />

Bernard Fairclough<br />

London East<br />

Geoff Hogg<br />

Manchester<br />

Brian Drakely<br />

Immediate<br />

Past Chairman<br />

Doug Overett<br />

Legal & Insurance<br />

Ron Willis<br />

Surface Division<br />

Mark Bromley<br />

Training &<br />

Development<br />

Iain Liddell<br />

Northern Irel<strong>and</strong><br />

Carson McMullan<br />

Scotl<strong>and</strong><br />

Jim Cochrane<br />

Solent<br />

Mark Edwards<br />

South-West<br />

Engl<strong>and</strong> &<br />

South Wales<br />

Georgina Bryant<br />

Yorkshire<br />

Joe Hemmingway<br />

Local Airport Committee Chairman<br />

Air Cargo Agents Executive (ACAE),<br />

Colin Young. Heathrow/Gatwick/Stansted<br />

in conjunction with ASM (UK) Ltd<br />

Vice-Presidents<br />

Angus Armstrong, Roy Baker, Ian Moran,<br />

Tommy Rodgers, Ron Willis<br />

BIFA Secretariat<br />

Peter Quantrill, Robert Keen<br />

Regional Representatives (attending)<br />

Alph Forrest, Nigel Peall, Geoff Stark,<br />

Colin Young, Paul Young<br />

Policy Group<br />

Air Policy Group<br />

Manager: John O’Connell<br />

Mark Wardman l<br />

Fred Osborn n<br />

Emily Ali<br />

Dave Boddington<br />

Steve Buckerfield<br />

Gerry Burgin s<br />

Graham Deane<br />

Brian Drakeley<br />

Ray Johnson<br />

Kevin Jones<br />

Air Services Policy Group<br />

Manager: John O’Connell<br />

Martyn Ratcliffe l<br />

Mick Baker<br />

Mick Ladd<br />

Peter May<br />

Richard McClean<br />

Customs Policy Group<br />

Manager: Christopher Starns<br />

Steve Parker l<br />

Dave Merritt n s<br />

Lorraine Badlan<br />

Roger Blacklock<br />

Phil Croucher<br />

Phil Evans<br />

Dewi Evans<br />

Simon Finch<br />

Ken Gower s<br />

Mervyn Griffiths<br />

Mark Hone<br />

Dave Howe<br />

Colin Joyce s<br />

Legal & Insurance Policy Group<br />

Manager: Robert Keen<br />

Ron Willis l<br />

Roy Baker<br />

Barry Circus<br />

Christine D’Arcy<br />

Christopher Dunn<br />

David Frugtniet<br />

Sajiv Gupta<br />

David Irving<br />

Peter Lole<br />

Surface Policy Group<br />

Manager: Christopher Starns<br />

Mark Bromley l<br />

Michel Mignot n<br />

Lorraine Badlan<br />

Nigel Barnet<br />

Paul Black<br />

Alan Burnet<br />

Simon Canning<br />

Richard Choroszewski<br />

Noel Collins<br />

Ray Elmes<br />

John Foorde<br />

John Goodman<br />

Geoff Hogg<br />

Richard McCarthy<br />

Kevin McLean<br />

David Lara<br />

Linda Pearson<br />

Steve Rudge<br />

Mick Scholefield<br />

Keith Smaggersgale<br />

Eddie Stroud<br />

Maurice Webb<br />

Tony Rawlings<br />

Jeremy Westbrooke<br />

Paul Williams<br />

David Woodward<br />

Roger Kagan<br />

Peter MacSwiney s<br />

Andrew Melton<br />

Alan Moore<br />

Lynne Wilkinson<br />

Mark Payton<br />

Vicky Petrova<br />

Glenn Skinner<br />

Darren Southwell s<br />

Alan Stones<br />

Joe Toscano<br />

Maurice Webb<br />

Brian Winter<br />

David Martin-Clark<br />

Andrew Melton<br />

Craig Neame<br />

Derek O’Brien<br />

Michael Parker<br />

Julian Pidgeon<br />

Kay Pysden<br />

Edward Stroud<br />

Derek Johnson MBE<br />

Julian Keet<br />

Tracey-Anne Lane<br />

Iain Liddell<br />

John Lyon<br />

Mick Micallef<br />

Jeffrey Moore<br />

Dennis Morris<br />

Dawn Rivers<br />

Bob Shreeve<br />

Joe Toscano<br />

Vaughan Woolfitt<br />

Training & Development Policy Group<br />

Manager: Sharon Hammond<br />

Iain Liddell l<br />

Stephanie Amazias<br />

Julie Curran<br />

Faye Deeming<br />

Sally Gale<br />

Tracy Gregory<br />

Tracey Harvey<br />

Geoff Hogg<br />

Colin Joyce<br />

Robert Keen<br />

Margaret Mackintosh<br />

Susan Maloney<br />

Gill McBride<br />

Ashley Nichols<br />

Nigel Peall<br />

Peter Quantrill<br />

Geoff Stark<br />

Fotios Tyris<br />

Rebecca Wood<br />

Elizabeth Youngs<br />

BIFA <strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> 2008 23


<strong>British</strong> <strong>International</strong><br />

<strong>Freight</strong> <strong>Association</strong><br />

Redfern House<br />

Browells Lane<br />

Feltham<br />

Middlesex<br />

TW13 7EP<br />

United Kingdom<br />

T: +44 (0)20 8844 2266<br />

F: +44 (0)20 8890 5546<br />

E: bifa@bifa.org<br />

W: www.bifa.org<br />

75%<br />

Cert no. XXX-XXX-XXXX<br />

April 2009

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