Charity Number.. 1075109
CHARITY
COMMISSION
copy
BRITISH FORCES FOUNDATION
(COMPANY LIMITED BY GUARANTEEI
(REGISTERED (MRITY)
TRUSTEES. REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2024

BR￿lSH FORCES FOUNDATION
CONTENTS TO THE FINANCIAL ￿ATEME￿IrS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Legal and administrative detai15
Trustees. Report
Independent Examiners Report
ststement of Financial Activities
io
Balance Sheet
li
Cash Flow Statement
12
Notes to the Financial Statements
13

BRITISH FORCES FOUNDATION
LEGAL AND ADMINisfRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
Status
The organisation is a company limited by guarantee, incorporated on
30 March 1999 and registered as a charity on 15 April 1999.
Company number
3745373
Charity number
1075109
Registered and Principal office
IOA High Street
Pewsey
Wiltshire
SN9 5AQ
Chairman
Air Vice Marshal M Wiles CB CBE
Chief Executive
Isomeiimes referred to as 'Director' as a
job title but not a direttor of the cornpanvl
MJACann
Patron
HM King Charles 111
President
Mr L Mansfield
Vice-presidents
Major General Arthur Denaro CBE
Admiral Sir Jock Slater GCB LVO DL
Field Marshal The Lord Guthrie GCB LVO OBE
Bankers
The Royal Bank of Scotland
Holt's Farnborough Branch
Lawrie House
Virtoria Road
Farnborough
Hampshire
GU147NR
Solicitors
Appointed on specific needs basis as and when required
Independent Examiner
Nicholas Jones FCCA
Fawcetts LLP
Chartered Accountsnts
Windover House
St Ann Street
Salisbury
SPI 2DR

BRITISH FORCES FOUNDATION
(COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and the independently examined financial statements of the charity for the year ended 31 March
2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by
Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies setout in notes to the accounts and comply
with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities-. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland published in October 2019.
Legal and administrative information set out on page I forms part of this report.
REFERENCE AND ADMINISTRATION DETAILS
Brit15h Forces Foundation is a company limited by guarantee and a Charity registered with the Charity Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is regulated by its Memorandum and Articles of Association adopted on 30 March 1999 and last amended on 27
February 2005.
The Trustees
All the trustees of the Charity are also directors of the company. The Board of Trustees is responsible for the overall governance
of the Charity. There are to be a minimum of three Trustee5 on the Board. but no maximum 15 specified.
The directors who served during the year and up to the date of this report were as follows:
Appointed
Resigned
Mr L Mansfield
Lord Robertson KT GCMG PC
Miss K M Jenkins OBE BMUS IRAMI ARAM
Lieutenant General P T C Pearson CB CBE
SirGerald Howarth MP
Mrj W C MoirCBE LVO KSG
Air Vice Marshal M Wiles CB CBE Chairman
Srigadier A Thomson Msc MBA FIEF C Eng
Wol Michael Stanion
Lieutenant General Phil Jones CB CBE DL
Katharine Pooley
Mr Andrew Pike
30-Mar-99
04-Nov-04
04-May-06
21-Sep-06
19-Mar-09
31-Oct-13
11-Jun-15
16-Mar-16
02-Nov-22
02-Nov-22
01-Mar- 20
04-Mar-24
07-Sep-23
The names of senior executive staff and the independent examiner of the Charity are set out on page l.
Definitions-
Input - fundraisin& sponsorship and donations.
Output- product of the Charity fulfilling its charitable objertives.
Recwitment, appointment and training of trustees
Trustees are appointed by the members at the next available Trustee meeting of the Charity after nomination by the Trustees as
required by the Charity's Articles of Association.

BRITISH FORCES FOUNDATION
(COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Recruitment. appointment and training of trustees continued
All the Trustees either work for. represent or are trustees of another UK registered charity. In addition, each Trustee is given a copy
of CCI Charity Commission Publications and CC3 The Essential Trustee: What you need to know, on appointment. All new Trustees
attend an induction day and a number of discussions with professionals about the work of the Charity, its consummate
responsibilities and their responsibilities as a Trustee. The Chief Executive is constantly available to advise Trustees on their
responsibilities and recommend Charities Aid Foundation courses. The Charity is a member of the Fundraising Regulator and
COBSEO (Confederation of British Service and Ex Service Organisation51. The CEO 15 a member of ACEVO.
Management
In addition to the Governance meetin& under normal circumstances the Board will meet on four occasions each year where
Trustees review performance and as necessarythe future operating plans and budgets. Extraordinary Board meetings are also held
when required. The Finance Committee meets approximately six times a year to monitor investments, renumeration, set the
budget and make any adjustments to the financial management. The Fundraising Committee meets 2 times a year and takes an
in-depth look at the risk, style and effectiveness of all fundraising activity- The Charity has approved a Data Protection Policy that
includes the new General Data Protection Regulation IGDPRI that came into force on 25 May 2018.
The Board delegate the exercise of certain powers in connection with the management and administration of the Charity to M l A
Cann (Chief Executive). This is controlled by requiring regular reporting back (against approved budgets) to the Board $0 that all
decisions made under delegated power are briefed to the full Board. M J A Cann is responsible for the day-to-day management of
the Charity's affairs, all the Charity's operations, and events and for implementing policies agreed by the Board.
Risk Assessment
The Trustees have identified the major risk5 to which the Charwty 15 exposed. reviewed those risks and have established systems to
mitigate those risks. The Charity has a Risk Management Policy and Register that is regularly reviewed by the Executive and
Trustees.
ORGANISATION
The Charity is delighted that HM The King has agreed to be its Patron as he did in his capacity as HRH The Prince of Wales,
maintaining a relationship that has lasted 25 years.
The Charit￿5 office is in Pewsey. Wiltshire. The Charity employs a full time Chief Executive. The Charity has successfully employed
three disabled ex-5ervicemen and will endeavour to do so again soon. A suitable p05t has been identified and discussion5 are
underway with another service charity.
The Charity also retains the services of a Marketing and Research Expert, who manages the website, co-ordinates PR, produces all
print material and assists with input and output events and an additional consultant working on special projects. The charity
employs the services of a part time Charitable fundraiser (approximately 5 days per month specialising in Trusts and special
fundraising events (marathon and AFC) and a bookkeeping company, Riverview Portfolio Limited a local accounting firm.
Additional expert15e and staff are hired to handle specrfic productions/events/projects whether input or output on a case-by-case
basis. These tend to be the same people who are well known to the Charity and particularly good at dealing with the specific
difficulties of productions in war zones and on military property. Though not on any retainef, these people are permanently
available to the Charity. Their impressive loyalty to the Charity remains worthy of note.
ENVIRONMENTAL CONSIDERATIONS
The Trustees take environmental issues seriously. To that end, they have encouraged, where possible. environmental
considerations in all aspects of the Charity's operations. Whilst the Charitys output necessitates a high volume of travel and
working hours. the Charity endeavours to Use trains and public transport wherever possible and continue to minimise air travel.
The Charity has taken advantage of the Government 'Cy(le to Work, initiative in the past and one employee regularly 'cycles to
work,. This is similar to a policy internally developed by the Charity in previous years. The Charity has fully embraced the local
council's recycling scheme.

BRITISH FORCES FOUNDATION
{COMPANY LIMITED BY GUARANTEE}
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
OBJEcfivES AND AcnviTIES
The principal objective of the Charity, as set out in the Memorandum and Articles of Association, is to "promote the efficiency of
the Armed Forces by charitable means, by promoting the well-being and esprit de corps of all setving personnel primarily through
entertainment".
It remains the special intention of the Trustees that the Foundation contributes to the enhancement of both the quantity and
quality of live entertainment currently provided to Service men and women both at home and overseas and contribute5 to the
community and connectivity of the armed forces. This is achieved bythe Foundation continuing to fund and produce its own shows
to entertain the military community, especially, but not exclusively. those on operational tours of duty. The Foundation uses its
influence to persuade major artistes to take part in its events and shows as charitable activity li.e. charging no feel. The Charity will
continue to ensure the provision of entertainment be on a 'need' basis evaluated to the outcomes, to ensure the right people get
the right entertainment of the highest possible quality at the right time for the lowest cost to both the charity and in any formal
arrangement with the MOD.
The Charity remain5 contemporary and lateral in its approach asthe Trustees seek other methods to enhance troop morale through
entertainment and other mediums. There has again been significant activwty in this area dLbring the yeai.
The Charity continues to highlight important aspects of welfare to the Ministry of Defence and government in general. In the year,
the Charity carried out a few activities in partnership with other settor charities. The Charity will further develop these and other
partnerships and is always willing to consider a merger with other charities. Although considerable work has been done by the
Charity in this area, not least to honour the agenda of COBSEO and the Charity Commission, it has encountered considerable
reluctance from all those it has held discussions with. As a corollary to this the Charity also goes out of its way to make it known
that it is happy to help and advise others on entertainment, events and using celebrities effectively. A notable exception to this
has been with the Burma Star Memorial Fund with whom the charity entered into an effective Cooperation Agreement in 2021
which remain5 extant. The charity is beginning to develop a relationship wwth Supporting Wounded Veterans ISWVI.
The Charity is particularly pleased wwth the effert and popularity of its travelling Pantomime project that tours UK twice a year
during the Easter and Christmas periods. The output has grown with an average annual demand of 70+ shows in UK, Cyprus and
Germany. These are very popular with serving families and increasingly single "young" setving personnel l This will continue to
evolve.
The role of broadcast media as part of the Chariws output remains a feature of the Foundation's contribution to the Armed Services
and to Service men and women. The expansion into making short films such as the annual Chri5tma5 message is an important part
of the Charitvs output activity. which will continue to expand in tandem wwth the Chariws Video on Demand IVODI and digitlsation
programme, using social media to further communicate with Service men and women to offer support and boost morale. The
Charity is still in discussions (delayed by intransigence) about a Radio project, a TV one off programme project with BBC/ITV and a
short film project.
Research is important to the Charity's activity and the Charity will look to condurt further research in important areas to a5515t it in
providing help and assistance in the geographical areas that need it most and in hitherto neglected areas of welfare. Health
messaging and engaging with early service leavers (before they leave) are two areas that have been identified in the year. Research
is an important aspect of keeping evaluation and monitoring relevant and up to date.
The Charity contributes to a wide number of research projects.
ACHIEVEMENTSAND PERFORMANCE
The number of Output shows in the year has dramatically increased including to deployed units.

BRITISH FORCES FOUNDATION
(COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENTSAND PERFORMANCE continued
Alongside the increased number of shows a particular achievement of the year was 'yet' another successful trial and further
development of BFF TV IVODI. It is fully tested in the most arduous of deployed conditions and has been extremely well received.
The SF trial Unit concluded their report by saying 'we consider it inconceivable that we will deploy without the BFF box again,.
Trying to get acknowledgement from civil servants and officers in the welfare space continues to be extremely frustrating. What is
in no doubt is,. the BFF VOD works, is wanted, is extremely popular and is different from anything else that is provided as well as
being particularly adapt at servicing the areas most welfare cannot reach. The story 15 not untypical. Such an innovative and
contemporary solution embraced by the young men and women of the Armed Forces will always experience a lag. The pace of
change in habits, taste and use of entertainment is rapid and to an extent the lack of comprehension is understandable. The
consequence is however a grave failing to those who (leserve better. The charity is receiving enqijiries from other NATO countries
and indeed some are using a version of VOD (even on submarines) and yet (lespite the clear demand amongst the military
community the will to move forward is absent without an explanation.
The Trustees are very satisfied with the beneficiary feedback and monitoring and the praise BFF has received from audiences for
its conduct and effectiveness during the year. Major event reports are published on social media when appropriate.
The Charity's relations with broadcast media continues to be sound and it has worked on a variety of programmes and projects
during this reporting period.
During the year the Charity further developed its digitisation programme, and social media interactivity. These programmes are
firmly meant to communicate between the public and those on the frontline. This corollary of the Charity's activity continues to
be endorsed by the Charity's on-going'Lap of Honourf programmelcampaign although it is acknowledged that in recent years this
has lost momentum due to the lack of kinetic military activity, which is a good thing. The trustees are very pleased with the recent
website upgrade.
The Trustees are satisfied that the Charwty is progressing as intended and are content that the aims of year twenty-four were
achieved. The Charity's website www.bff.or8.uk and Facebook has detailed accounts of all BFF input and output activity.
Trustees wish to draw particular attention to the fact that the Charity achieves impressive leverage from the donations of
individuals, (major starsl time and talent. Independent valuations of such donations in kind far outstrip the total income of the
Charity. The charity holds this data and can confidently state it equates to an average of more than £lm per year. The Charity IS
indebted to those who give their time and considerable talent, in difficult circumstances, in this way.
The fundraising targets of the Charity are being reached. A 5at15factory level of funding is achieved for the Charity's Output
activities.
Trustees are particularly pleased with the Cooperation agreement they entere(l in December 2021 with the Burma Star Memorial
Fund IBSMF as mentioned above). This has proved to be a great success in re(lucing both charities running costs by sharing
resources and fundraising events. The model is simple and effertive to great mutual benefit and is worth repeating.
The Trustees are confident the Charity is achieving all its objectives and continues to be lateral and imaginative in its approach and
remains a going concern.
INVESTMENT POLICY and PERFORMANCE
A reserve of cash deposits is held with banks authorised by the Trustees. The purpose of this reserve is to be available to cover
fluctuations in cash requirements through the course of the year and to allow for an orderly restructuring of the organisation in
the event of a sudden and sharp reduction of income.
The remaining reserves are marked for the medium-term development of the Charity. The most important objective of this fund
is to earn the highest total return within an acceptable level of financial risk. The principal investments held at the year end are
holdings in the Armed Forces Growth and Income Fund with the BlackRock Group. and Waverton charitable fund. The investments
were monitored regularly during the year against a comp051te index of benchmarks. The quoted investments showed a capital gain
during the year of £40,255 12023
capital loss £150,411). The investment performance over the period was volatile but
satisfactory. Against comparable products the Charitys investments performed well.

BRITISH FORCES FOUNDATION
(COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT POLICY and PERFORMANCE continued
The charity is now investing cash reserves and receiving a respectable return from RBS.
Trustees are grateful that the policy to build Reserves has proved incredibly prudent during the Transition post Op Herrick, the
cancellation of the Live Entertainment contrart and uncertainty over MOD welfare fijndirbg. As a policy the charity has never relied
on MOD funding.
The Charity carried out an Internal Governance review and a Strategic review during the year and is satisfied with its governance
procedures and oversight and is monitoring identified areas of potential concern. It believes it5 current strategy is extant for at
least the next two years but if MOO engagement does not improve, then a major shift in strategy will be required.
FINANCIAL REVIEW
Donations and sponsorship of £160,249 12023 £178.9201 were received in the year. Net assets at the balance sheet date
amounted to £1,752,59512023- £1,830,872).
The Trustees are satisfied with the financial position of the Charity at 31 March 2024 arld consider the charity a going concern.
The Trustees have ensured the Charity has fulfilled its legal obligation to PAYE employees by providing for an opted-out Pension.
The pension scheme through NEST has now been disbanded. One employee had chosen to opt out of the NEST plan prior to it
being disbanded.
RESERVES
The Charity holds reserves that equate to approximately two years. operating costs (including output costs) from which interest IS
earned and placed in the Charl￿S general funds.
Financially the Charity is stable but for wt to develop further it would be pru(lent to have greater cash resources to underwrite any
potential drop in income and to cope with a possible increase and widening of the demand for activities and new projects.
At the balance Sheet date the Charity had free resetves of £293.21312023- £384,2321-
PLANS FOR FUTURE PERIODS
During the 25th year of operation the intention of the Charity will seek to increase Its output levels. albeit within the constraints of
available funds. It will continue to plug the gap created by the termination of the Live Entertainment Worldwide Contract. The
Charity expects in the next two years to draw down on its reserves to compensate forthis. The Charity will continue to engage with
the services to develop a sustainable model by which to Pfovide its output.
Support to Operational personnel will be the charitls main effort, in furtherance of its objerts, for the next year. The uncertainty
over welfare direction is a challenge for the charity and is frustrating long-term planning. Whatever the resolution may be, there
is unquestionably an issue that means personnel are missing out on a significant amount of important welfare provision, especially
in the areas that seek to mitigate against isolation on Operations. This is an area the Trustees are determined to identify to the
MOD and work with them in providing a sat15factory solution.

BRITISH FORCES FOUNDATION
(COMPANY LIMITED BY GUARANTEEI
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
PLANS FOR FUTURE PERIODS continued
The Charity is aware of the significant beneficial impact it has on 'Unit cohesion" and will remain mindful to maintain that and
increase the impact where possible.
The campaign to establish a greater understanding of the Charitws status in the eyes of the MOD and Services is in progress and
has been partially successful but must continue in perpetuity due to the high turnover of personnel with the Ministry. This point
has become more evident in recent years. The Charity fee15 Strongly that it could play a significant role using its celebrity contacts
to more effectively 'message' welfare issues to service personnel. It now believes it has been successful in moving entertainment
to a 'need' footing. BFF project5 remain the highest profile and effective provision of entertainment to the Armed Forces.
The Charity will always be open to discussion and keen to participate fully in Joint Ventures with other charities. It will also continue
to seek out possible merger opportunities.
VOD IBFFfvi project development will continue. Its potential expands all the time but the charity cannot help being disappointed
at the lack of understanding and engagement with the MOD.
The Charity believes it has a strong and positive role to play with positive 'messaging' to the serving community and is looking at
how this can be effectively achieved.
The Charity will expand the concept of grant giving for morale projects to further help with the demand created by the contract
demise but also as an expansion of its charitable artivity for serving personnel.
The impact of the Charitys benefit to Service men and women, families and others is measured by an approved qualitative
monitoring process. The effect on morale and esprit de corps is beneficial at both group and individual level. Testimonies from
serving personnel. family members and commanding officers show that the ChariVs activities have a positive impact on those
serving or injured. The Charity commissioned an independent report on 'morale' published in 2012 by the Institute of Psychiatry
at King's College London University, which looked in detail at the impatt and effett of its projects. The conclusion was that the
Charity makes a significant impact to morale and the feeling of support from the Eeneral public and that the creation of such
conditions has a significant effect along with other conditions in reducing the incidents of stress and mental disorders later on.
Recent experience in the reporting period has further endorsed this view. The Charity intends to commission further research for
publication in 2025.
In these difficult financial times, government welfare budgets are being cut and therefore the role of charities particularly those
that as515t 'serving' military personnel will become more important and Significant. The Charity 15 in a strong position to expand
into area5 of welfare that may no longer be publicly funded and to work in partnership with MOD to this end. This will be
particular area of focus in 2024/25.
The Trustees plan to build up funds to a level that will guarantee the Chartvs long-term future and provide a greater measure of
confidence in its ability to deliver quality output to the Services.
Trustees would like to emphasise that the significance of VOD should not be underestimated.
2025 will also See a comprehensive and forensic review of all the charwties activities and produce a revision of the 2017 Strategy.
In November 2024 the charity will celebrate its 25, anniversary being both proud and confident in what it has achieved over the
last 25 years.

BRITISH FORCES FOUNDATION
{COMPANY LIMITED BY GUARANTEE}
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statement5 in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the
state of affairs of the Charity and of the surplus or deficit for that period. In preparing these account5. the Trustee5 are required
to:
al Select suitable accounting policies and then apply them consistently.
bl Observe the methods and principles of the Charities SORP 2015 IFRS 102}.
Make judgements and accounting estimates that are reasonable and prudent.
dl State whether applicable accounting standards have been followed. subjert to any material departure5 disc105ed and
explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in operation.
The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the
financial position of the Charity and the group and to enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
EXEMPTION
The Trustees. report has been prepared taking advantage of the exemptions available to small companies under the Companies
Act 2006.
Approved by the Trustees on
and signed on their behalf by
AVM M Wiles- Chairman
Trustee

INDEPENDEPU EXAMINER'S REPORT
TO THE TRUSTEES OF
BRITISH FORCES FOUNDATION
I report to the charity trustees on my examination of the accounts of British Forces Foundation for the year ended 31 March 2024,
which comprise the Statement of Financial Activities, the Balance Sheet. the Statement of Cash Flows and notes to the financial
statements, including a summary of significant accourbting policies.
Responsibilities and basis of report
As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are
eligible for independent examination, I report in respect of my examination of your compan¢s accounts as carried out under
section 145 of the Charities Act 20111'the 2011 ACVI. In carrying out my examination I have followed the Directions given by the
Charity Commission under section 14515llbl of the 2011 Act.
Independent examiner's 5taternent
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the Act. I
confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountant5 in
England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving
me cause to believe that in any material respect..
Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act- or
The accounts do not accord with those records- or
The accounts do not comply wwth the accounting requirements of section 396 of the 2006 Att other than any requirement
that the accounts give a 'true and fair viesrf which is not a matter considered as part of an independent examination; or
The accounts have not been prepared in accordar)ce with the methods and principles of the Statement of Recommended
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connettion with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nicholas Jones FCCA
Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SPI 2DR
Date

BRITISH FORCES FOUNDATION
STATEMENT OF FINANCIAL AcnviTIES
(INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
2023
Total
Unrestricted
Restricted
Note
INCOME AND ENDOWMENTS FROM-
Donations and sponsorship5
124.051
36.198
160.249
178,920
Income from charitsble activities
Fundraising
Investment and other income
31.719
84.374
31.719
84.374
149.931
73.047
TOTAL INCOME AND ENDOWMENTS
240.144
36.198
276.342
401,898
EXPENDITURE ON:
Charitsble activities
Direct costs
176.428
150.920
327.348
295.826
Raising funds
Fundraising costs
73.085
73.085
169.685
Total expenditure
249.513
150.920
4CX),433
465.511
NET IEXPENDITURE)IINCOME
19.3691
1114,722}
1124,0911
163.6131
Gain/llossl on investments- unrealised
Gainlllossl on investments- realised
io
io
40,255
40,255
1150,4111
8,383
Net movement in funds
30.886
1114,722}
183.8361
1222.4071
Fund balances brought foNiard
14
1,716,150
114,722
1,830,872
2,053,279
Fund balances as at 31 March 2024
14
1,747,036
1,747,036
1,830,872
Details of comparatives by fund are disclosed in Note 20.
All of the above results are derived from continuing activities. There were no recognised gains or losses other than those
stated above.
10

BRITISH FORCES FOUNDATION
{Coiiipaiiy nuniber 3745373)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed issets
Tangible fixed assets
Ii)vestineiils
li
io
2,238
1,448,586
2,332
1,349,5.31
1,450.824
1,351,863
Cuireiit assets
stock
Debtors
Cash at bank and in haiid
28,932
36.293
257,746
29,216
17,742
467,996
12
322,971
514,954
Credltors: amoui)ts due ivitliin one year
13
26.758
35,945
Net cu¥reiit assets
296,213
479,009
Net assets
1,747,037
1,830,872
Fiinds
Unrestricted fÉJnds'.
Restritted funds
14
14
1,747,036
1,716,150
114,722
Total funds
15
1,747,036
1,830,872
For the year eliding 31 March 2024 the company ivas entitled to exemption from audit undor soction 477 of
the Con)panies Act 2006 relating to sniall companies.
Oirectors, responsibilities:
i The members have not required the con)pany to obtain an audit ol its accounts for the year in question
in accordance ivitl) section 476-
2 The directors acknoivledge thÈir responsibilities for complying ivith tl)e requireineiits of the Act witli
respect to accounting record5 and the preparation of accounts.
Approved and auihorised for issue by the tru5teÈs on.
and signed on their behèlf by
Air Vice Marsh31 M Wiles CB CBE - Chairman
Trustee

BRITISH FORCES FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Note
2024
2023
Cash provided used in operating attivities:
16
1208,4911
124.254
Cash flows from investing activities:
Purchase of fixed assets
Disposal of investments
Purchase of investments
Cash provided used in investment artivities:
11,759}
170,572
240,000
169,4281
11,759}
Cash flows from financing activities:
Loan repayments
Increasel (Decrease) in cash and cash equivalents in the year
1210,2501
1193,6821
Cash and cash equivalents at the beginning of the year
467.996
661,678
Cash and cash equivalents at the end of the year
257,746
467,996
12

BRITISH FORCES FOUNDATION
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
al British Forces Foundation is a company IrmTted by guarantee incOr￿Tated and registered in England and Wale5. The
charity constitutes a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared in
accordance with Accounting and Reporting by Charities= Statetnent of Recomrnended Practice applicable to charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IFRS 1021 leffertive l January 20151- ICharttie5 SORP 2015 IFRS 10211, the Charities Act 2011 and
the Comp3nies Act 21Th.
The fin3ncial statements are prepared on a going concern basis under the historical cost convention. The financial
statements are prepared in Sterling 1£) which 15 the fvnctional currency of the charitable cornpany.
bl Don2tions, grants and legacies arÈ rÈto8nised in full in tho statement of finantial 2rtivities in tho yÈar in which thÈy aro
receivatr)le. When donor5 specrfy that donations and grants are for particular restricted purposes which do not amount
to pre-conditions rÈEarding ÈntitlÈmÈnt, this intomÈ is intluded in intoming resourcos of restrirted funds when
receivaPJle. Donated item5. assets or servi￿5 are included at the market value at the time of receipt and are
unrestrittÈd unless disclosed otherwise.
cl All investrnent income. including deposit interest. is shown on the basi5 of amounts received and receivable.
dl All resources expended are accounted for on an accruals basis. Cost5 are classified under headings that aggregate all
similar costs and which can then be related to tosts of gÉnÈratin8 funds. tharitable attivities and govÈrnancÉ costs.
Where costs cannot be directly attributed to those expenditure categories they are attributed to management and
administration, which in turn is rÈ-allotatÈd to ￿ndraiSIng tosts. tharitable activttios and governance costs. GovÈrnance
costs are those associated with constttutional and statutory requirements.
el Quoted investments are includÈd in thÈ ￿cOUnts at market value Js at 31 March 2024. Tho unquotod invÈstmonts are
included in the accounts at cost plus attributable accrued interest.
Gains/losse5 arising on disposal are recogni5ed in the income and expenditure account and creditedlcharged to the
accumulated fund.
gl Stocks are valuÈd at the lowÈr of tost and nÈt rÈalisablÈ valuÈ. ItÈms donatÈd for resalÈ are not included in thÈ financial
statements until they are sold.
h) Depreciation is provided at rates calculated to write down the cost or valuation. less estimated residual value. of each
asset over its expected useful life_ The depreciation rates in use are a5 follows..
Sound and lighting equipment
Property improvements
Fixtures and fittings
Office equipment
Computer equipment
2LPA straight line basis
20% 5trai8ht line basis
25% straight line basis
25% straight linÈ basis
33% straight line basis
il Renta15 payable under operating lease5 are charged to the Statement of Financial Aclivitie5 as incurred over the terrn of
the lease.
Il Unrestrirted funds are donations and other incoming resourced receivable or generated for the objects of the charity
wtthout fvrther Specified purpose and are available as general fvnds.
kl Designated fvnds are unrestricted funds set aside by the Trustees for particular purp05e5.
11 Restricted funds are those wheTe the donor ha5 specifically re5trirted the purpose for which they can be used. The
ba13nce in the fund represents the amount still remaining for future expenditure.
ml Debtors are me3sured at their recoverable amounts.
n) Creditors and provisions are recognised where the company has a present obltgation resulting from a past event that
will probably result in the transfer of fund5 to a third party and the arnount due to settle the obligation can be
me3sured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any tTrde discounts due.
13

BRITISH FORCES FOUNDATION
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES ICONTINUEDI
ol The company makes contributions into one employee's personal pension scheme. The contributions to the scherne are
chareÈd to the profit and loss actount as they attruo.
pl TTrnsactions denominated in foreign currencie5 are translated into 5terliDg at the rate of exchange ruling at the date of
the transaction. Assets and liabilities denominated in foreign currencies are translated into sterling at the exchange
rates ruling at the balance sheet date_ All exchange drfFereTrces are taken to the profit and1055 account.
INCOMEAND ENDOWMENTS
Income and ÈndowmÈnts are derived Whol￿ from within the United Kingdom.
STAFF COSTS
Staff costs were as follows=
2024
2023
Salaries and wage5
Social 5ecurrty costs
Other pension costs
103,805
8.070
24.520
103,806
8,760
25,283
136.395
137,849
The key management pÈrsonnel of the charity comprise the trustees and the ChiÈf Exetutivo Otriter. ThÈ total
remuneration of the key rnanagernent personrnel was £103.80512023- £103.8061. The key managernent personnel also
recÈivÈd pÈnsion contributions totalling E24.52012023- £25.2831.
The average number of employees analysed by function was..
2024
2023
GÈnorating funds
Furtherance of the charity's objects
Trustees are not remunerated. During the year three trustees received reimbursed expenses of £2.13712023.. £6031
TAXATION
The Foundation is Èxempt from corporation tax as all its intomÈ is charttablo and is applied for charitablÈ purposes.
INVESTMENT AND OTHER INCOME
Unrestricted
Restricted
2024
2023
Bank intÈrost Eross
Rents receivable
Investment income
10,219
15,355
58.8CM)
10,219
15,355
58.8C
1,947
15,5(K)
55,6
84.374
84,374
14

BRITISH FORCES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
DIREcf COSTS
Unrestricted
Restricted
2024
2023
Charitable output expenses
Share of support costs (note 81
73.754
102.674
47.844
103,076
121.598
205.750
96,916
198.910
176,428
150,920
327,348
295,826
FUNDRAISING COSTS
Unrestricted
Restricted
2024
2023
Fundraising costs
Share of support costs (note 81
21,648
51.437
21,648
51.437
103,382
66.303
73,085
73,085
169,685
SUPPORT COSTS
2024
2023
Bank charges and interest
Consultancy fees
Accountancy
Bookkeeping
Depreciation
General expenses
Insurance
Printing, postage and stationery
Rent and rate5
Repairs and equipment hire
Salaries and NIC
Subscriptions and donations
Telephone and electricity
Travel and entertaining
Computer expenses
Marketing
131
63.432
4,200
780
1,853
2.248
2.035
253
80
60,687
3.960
848
1,928
2,537
1.942
874
15,267
2,071
137.849
3,769
8,337
21.544
3.243
277
265,213
15,555
1.908
136.395
3,797
7,451
15.183
1.918
48
257.187
2024
2023
Allocated to..
Costs of Charitable Activities (output costs) Inote 6180%
Fundraising cost5 (input C05tsl (note 7120%
205,750
51,437
257,187
198,910
66,303
265,213
15

BRITISH FORCE5 FOUNDATION
NOTES TO THE FINANCIAL STATEMEK
FOR THE YEAR ENDED 31 MARCH 2024
EXPENDITURE
Support
Costs
Other
Total
Total
Costs
2024
2023
Expenditure on dirert CQSts
Output expenses
205.750
121.598
327.348
295,826
Expenditure on raising fvnds
Fundraising c05t5
51.437
21.648
73.085
169,685
Total expendlture
257.187
143.246
4(X),433
465.511
10. INVESTMENT5
Quoted
Unquoted
Total
Market value
l April 2023
Additions
Disposals
Reinvestments
ILossl/Gain in the year
1,337,595
11,936
1,349,531
58,81KI
39,954
58,800
40,255
301
Market value
31 March 2024
1.436,349
12.237
1.448,586
Historical c05t
31 March 2024
640,071
647,071
16

BRITISH FORCE5 FOUNDATION
NOTES TO THE FINANCIAL STATEMEK
FOR THE YEAR ENDED 31 MARCH 2024
11. TANGIBLE FIXED ASSETS
Sound &
lighting
equipment
Property
improv-
ements
Fixtures &
fittings
Office
equipment
Computer
equipment
Total
Cost
At l April 2023
Additions
Disposals
At 31 March 2024
21.367
1.759
5.354
14.732
10,514
15,131
67,098
1.759
23,126
5,354
14,732
10,514
15,131
68,857
Depreclatlon
At l April 2023
Charge for the year
Eliminated on di5pos315
At 31 March 2024
19,758
1,397
5,354
14,561
171
10,224
102
14,869
183
64,766
1,853
21.155
5.354
14.732
10.326
15.052
66,619
Net book value
At 31 March 2024
1,971
188
79
2,238
At 31 March 2023
1.609
171
262
2,332
12. DEBTORS
2024
2023
Trade debtors
Prepayments and accrued income
1,746
34,547
88
17,654
36,293
17,742
13. CREDITOR5: AMOU￿5 OUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Accruals and deferred income
Other creditors
12.526
3,854
8,788
1.590
13.144
3,734
17,291
1.776
26,758
35,945
17

BRITISH FORCE5 FOUNDATION
NOTES TO THE FINANCIAL STATEMEK
FOR THE YEAR ENDED 31 MARCH 2024
14. ANALYSIS OF FUNDS
Balance at
1.4.23
Incoming
resources
Resources
expended
Balance at
31.3.24
Unrestrirted fund5
General fund
Designated tangible asset fund
1.713.150
240.144
1209.2581
1,744.036
3.OCrf)
Total unrestricted funds
1.716.150
240.144
1209,2581
1,747.036
Restrirted funds
Panto Bu5
Libor Grant
Hercules
HMS Sultan
Polo 150
17,688
117,6881
1114.7221
11.3491
115,1601
12,0001
114.722
1.349
15,160
2,000
Total restricted fund5
114,722
36,197
1150,9191
Total funds
1.830.872
£276.341
360,177
1747 036
Panto Bus
The don3tions were gNen towards the cost of the Panto Bu5 entertaining Force5 farnilie5 in the UK.
The grant was given to support costs towards performing shows for military personnel.
The donations were given towards the cost of the final goodbye party fo¥ the hercules aircraft
To provide entertainment to HMS Sultsn
To support specific fundraising events.
Libor Grant
Hercules
HMS Sultan
Polo 150
15. ALLOCATION OF NET ASSErs
Unrestricted
Designated
fund
Restricted
fund
General fund
Total
Tangible assets
Investments
Net current Iliabilitie5llasset5
2,238
1,448,585
293.213
2,238
1.448,585
296,213
3.000
1.744.036
3.0(
1 747 036
16. RECONCILIATION OF INCOMEI{EXPENDITUREI TO NET CASH FROM OPERATING AcfiviTIES
2024
2023
Net lexpenditurel for the year as per SOFA
Adjustments for=
Depreciation of tangible fixed a55et5
Ilncreasel in debtors
IDecreasel/lncrease in creditors
Non cash investment income
Decrease in Stock
1124,0911
163,6131
1.853
118.5511
19,1871
158,8001
285
1,928
19.2311
155,6001
258
Net cash flow from operating activities
208,491
124,254
18

BRITISH FORCE5 FOUNDATION
NOTES TO THE FINANCIAL STATEMEK
FOR THE YEAR ENDED 31 MARCH 2024
17. RELATED PARTY TRANSAcfioNS
The Charity paid £14,23412023 - £14,113) rent and service charges and £6,￿7(2023 - £7,200) other business supplies to CU2 Limited. CU2
Limited is a company in which M J A Cann is a dirertor and Mrs E Cann, wife of M J A Cann, is a director and sole shareholder. At the year
end there was an amount outstanding of £1,16712023- £1,250).
18. MEMBERS GUARATr￿EE
The company is incorporated under the Companies Act 1985 and not having a Sha￿ capital. is limited by guarantee. The guarantee of each
member is limited to 3 maximum of £10 and is for a maximum period of 12 months after ceasing to be a member. The position at the year
end concerninÉ members giving a guarantee was as follows:
2024
2023
Number of members giving a guarantee at the year end
io
li
19. COMMITMENTS
The company has an operating lease commitment in ￿Spect of its office building of £1.168 per month12023- £1,168). the lease is on a rolling
basis and the lease may be terminated by eitherthe company orthe landlord giving th￿e months. notice.
19

BRITISH FORCES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. PRIOR YEAR COMPARATIVE STATEMENT OF FINANCIAL AcfiviTIES
2023
Total
Unrestricted
Restricted
Note
INCOME AND ENDOWMENTS FROM:
Donations and sponsorships
118,918
60,002
178,920
Income from charitable activities
Fundraising
Investment and other income
109,931
73,047
149,931
73,047
TOTAL INCOME AND ENDOWMENTS
301,896
100,002
401,898
EXPENDITURE
Expenditure on charitsble artivities
Direct cost5
54,986
240,840
295,826
Expenditure on raising funds
Fundraising costs
129,685
169,685
Total expenditure
184.671
280.840
465,511
NET EXPENDITURE
117,225
1180,8381
163,6131
Gainlllossl on investments
io
1158.7941
1158.7941
Net movement in funds
141,5691
1180,8381
1222,4071
Fund balances brought forward
14
1.757.719
295.560
2.053,279
Fund balance as at 31 March 2023
14
1.716.150
114.722
1.830.872
20