British International Freight Association Annual Report and Accounts ...

More documents

Recommendations

Info

Notes to the Accounts for the year ended 31 December 2008 8. Creditors 2008 £ 2007 £ Amounts falling due within one year: Trade creditors 136,087 111,616 Taxation and social security 51,648 48,115 Accruals and deferred income 331,308 386,250 519,043 545,981 9. Pension Costs 2008 £ 2007 £ Defined contribution Contributions payable by the company for the year 35,018 39,698 10. Share Capital The company is limited by guarantee and does not have a share capital. In the event of any winding up each member’s liability is limited to the sum of £1. 11. Statement Of Movement On Profit And Loss Account Property Reserves £ Other Reserves £ Total Reserves £ Balance at 1 January 2008 306,976 302,346 609,322 Surplus/(deficit) for the year before impairment losses (10,000) 110,984 100,984 Impairment losses (31,976) - (31,976) Balance at 31 December 2008 265,000 413,330 678,330 The property reserve represents Net Assets tied up in the property at Redfern House, Feltham, Middlesex. 12. Financial Commitments At 31 December 2008 the company was committed to making the following payments under non-cancellable operating leases in the year to 31 December 2009: 2008 £ 2007 £ Operating leases which expire between two and five years 7,448 7,448 13. Capital Commitments There were no capital commitments at the year end. 20 BIFA Annual Report and Accounts 2008
Detailed Income and Expenditure Account for the year ended 31 December 2008 2008 £ 2007 £ Income (see below) 1,729,223 1,614,365 Less: Related Expenditure (see below) (359,622) (330,478) Gross surplus 1,369,601 1,283,887 Less: Administrative Expenses (see page 22) (1,283,200) (1,322,523) Operating surplus/(deficit) 86,401 (38,636) Impairment losses on land (31,976) - Surplus/(deficit) on ordinary activities before interest 54,425 (38,636) Interest receivable 40,609 44,929 Surplus on ordinary activities before taxation 95,034 6,293 Taxation (26,026) (5,241) Surplus for the year 69,008 1,052 Detailed Analysis of Income and Related Expenditure As at 31 December 2008 2008 Income £ 2008 Expenditure £ 2007 Income £ 2007 Expenditure £ Membership Subscriptions 1,232,076 1,152,347 Application fees 12,307 10,551 1,244,383 1,162,898 Commercial Activities Education and Training 392,820 291,566 338,266 251,437 Publications 3,162 3,455 3,490 3,710 Events 62,726 60,922 85,124 73,009 FIATA and sundry sales 26,132 3,679 24,587 2,322 484,840 359,662 451,467 330,478 Total 1,729,223 359,622 1,614,365 330,478 This page does not form part of the audited financial statements of the Association BIFA Annual Report and Accounts 2008 21
Page 1 and 2: British International Freight Assoc
Page 3 and 4: BIFA Members came through this diff
Page 5 and 6: During 2008, BIFA built on these st
Page 7 and 8: In terms of legislation, we saw a v
Page 9 and 10: Known as SAD Harmonisation (SAD H)
Page 11 and 12: Services were able to secure an agr
Page 13 and 14: it travels the world to demonstrate
Page 15 and 16: Report of the Independent Auditors
Page 17 and 18: Balance Sheet as at 31 December 200
Page 19: 5. Tangible Fixed Assets Land and b
Page 23 and 24: Our People Policy Group Key l Chair

British International Freight Association Annual Report and Accounts ...

Create successful ePaper yourself

Delete template?

Save as template?