The Federation of Bakers (FoB) reported a trading loss of £29,278 for the year to 31 March 2006 as it held its AGM on 10 May.

It reported revenue of £481,013 with expenditure of £510,29, including £71,379 spent on setting up a system to manage new Tesco Omega bread baskets, and £141,734 on public relations. The FoB’s net assets were £114,535 at the end of the year, down from £143,813 in 2005.