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← British Forces Foundation

2025-03-31-accounts

Company Number: 3745373

CHARITY COMMISSION

BRITISH FORCES FOUNDATION

(COMPANY LIMITED BY GUARANTEE)

(REGISTERED CHARITY)

TRUSTEES' REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2025

BRITISH FORCES FOUNDATION

CONTENTS TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page
Legal and administrative details 1
Trustees' Report 2
Independent Examiners Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Financial Statements 13

BRITISH FORCES FOUNDATION

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2025

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 10A High Street
Pewsey
Wiltshire
SN9 5AQ
Chairman Air Vice Marshal M Wiles CB CBE
Trustees Lord Robertson KT GCMG PC
Katherine M Jenkins BMUS (RAM) ARAM
Lieutenant General P T C Pearson CB CBE
Sir Gerald Howarth MP
Mr James Moir CBE LVO KSG
Air Vice Marshal Matthew Wiles CB CBE
Brigadier Allen Thomson MBA FIET Ceng
Mrs Katharine Pooley
Lieutenant General Phil Jones
Mr Andrew Pike OBE
WO1 Neil Simpson RN
Vice Admiral Sir David Steel KBE KStJ DL
Chief Executive Major M J A Cann BA (Hons)
(sometimes referred to as 'Director' as a
job title but not a director of the company)
Patron HM King Charles III
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
Victoria Road
Farnborough
Hampshire
GU14 7NR
Solicitors Appointed on specific needs basis as and when required
Independent Examiner Nicholas Jones FCCA
Fawcetts LLP
Chartered Accountants
Windover House
St Ann Street
Salisbury
SP1 2DR

BRITISH FORCES FOUNDATION (COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and the independently examined financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “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 set out 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 1 forms part of this report.

REFERENCE AND ADMINISTRATION DETAILS

British 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 Trustees on the Board, but no maximum is specified.

The directors who served during the year and up to the date of this report were as follows:

Appointed Resigned
Lord Robertson KT GCMG PC 04-Nov-04
K M Jenkins OBE BMUS (RAM) ARAM 04-May-06
Lieutenant General P T C Pearson CB CBE 21-Sep-06
Sir Gerald Howarth MP 19-Mar-09
Mr J W C Moir CBE LVO KSG 31-Oct-13
Air Vice Marshal M Wiles CB CBEChairman 11-Jun-15
Brigadier A Thomson MSc MBA FIET C Eng 16-Mar-16
WO1 Michael Stanion 02-Nov-22 12-Mar-25
Lieutenant General Phil Jones CB CBE DL 02-Nov-22
Mrs Katharine Pooley 01-Mar-20
Mr Andrew Pike OBE 04-Mar-24
WO1 Neil Simpson RN 29-Apr-25
Vice Admiral Sir David Steel KBE KStJ DL 01-May-25

The names of senior executive staff and the independent examiner of the Charity are set out on page 1.

Definitions: Input = fundraising, sponsorship and donations. Output = product of the Charity fulfilling its charitable objectives.

Recruitment, 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.

2

BRITISH FORCES FOUNDATION (COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 CC1 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 Organisations). The CEO is a member of ACEVO.

The Trustee turnover is regularly monitored. The Board feel that corporate memory and long term perspective is important and alongside that aims to keep a balance of those with current or recent knowledge of the beneficiaries and their chain of command, governance knowledge and oversight, and fundraising.

Management

In addition to the Governance meeting, under normal circumstances the Board will meet on four occasions each year where Trustees review performance and as necessary the future operating plans and budgets. Extraordinary Board meetings are also held when required. The Finance Committee meets approximately four times a year to monitor investments, renumeration, set the budget and make any adjustments to the financial management. The Fundraising Committee meets two 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 (GDPR) 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 J A Cann (Chief Executive). This is controlled by requiring regular reporting back (against the approved budgets) to the Board so 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 (input and output), all events and for implementing policies agreed by the Board.

Risk Assessment

The Trustees have identified the major risks to which the Charity is 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

HM The King continues to be the charity’s Patron maintaining a relationship that has lasted 26 years.

The Charity’s office is in Pewsey, Wiltshire. The Charity employs a full time Chief Executive. The Charity has successfully employed disabled ex-servicemen and will endeavour to do so again soon. A suitable post has been identified and discussions 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/payroll company, Riverview Portfolio Limited a local accounting firm.

Additional expertise and staff are hired to handle specific 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 retainer, these people are permanently available to the Charity. Their impressive loyalty to the Charity remains worthy of note.

3

BRITISH FORCES FOUNDATION (COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 Charity’s 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 ‘Cycle 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.

OBJECTIVES AND ACTIVITIES

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 serving 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 contributes to the community and connectivity of the armed forces. This is achieved by the 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 (i.e. charging no fee). 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 remains contemporary and lateral in its approach as the Trustees seek other methods to enhance troop morale through entertainment and other mediums. There has again been significant activity in this area during the year.

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 sector 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. 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. Working the Burma Star Memorial Fund with whom the charity entered into an effective Cooperation Agreement in 2021 which remains extant, has been a particular success. The charity is developing a cooperation relationship with Supporting Wounded Veterans (SWV).

The Charity is particularly pleased with the effect and popularity of its travelling Pantomime project led by Mark Seymour, 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” serving personnel! This will continue to grow and evolve.

The role of broadcast media as part of the Charity’s 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 Christmas message is an important part of the Charity’s output activity, which will continue to expand in tandem with the Charity’s Video on Demand (VOD) and digitisation 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) 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 conduct further research in important areas to assist 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.

ACHIEVEMENTS AND PERFORMANCE

The number of Output shows in the year has been maintained including to deployed units.

4

BRITISH FORCES FOUNDATION (COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE continued

Alongside the shows a particular achievement of the year was the conclusion of BFF TV (VOD). It is fully tested in the most arduous of deployed conditions and has been extremely well received. The use of VOD in military welfare has been accepted and adopted thanks to BFF development and lobbying. 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 adept at servicing the area’s most welfare cannot reach. The story is 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 lag in comprehension is understandable. VOD will be part of future frontline welfare.

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 highlight was taking Ed Sheeran to three locations in Cyprus (see the BFF website for a full report). This epitomises the best of BFF.

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, social media interactivity and completely rebuilt and upgraded the website. 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 Honour’ programme/campaign 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 satisfied that the Charity is progressing as intended and are content that the aims of year twenty-five were achieved. The Charity’s website www.bff.org.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 gratis donation of individuals’ (major stars) 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 £2m 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 satisfactory level of funding is achieved for the Charity’s output activities.

In November 2024 the charity celebrated its 25[th] anniversary being both proud and confident in what it has achieved over the last 25 years. The event was spectacular and a spectacular success and again the contribution of Katharine Pooley (Trustee) is particularly noted.

Trustees are particularly pleased with the Cooperation agreement they entered in December 2021 with the Burma Star Memorial Fund (BSMF as mentioned above). This has proved to be a great success in reducing both charities running costs by sharing resources and fundraising events. The model is simple and effective 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.

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 composite index of benchmarks. The quoted investments showed a loss during the year of £54,919 against comparable products the Charity’s investments performed well.

5

BRITISH FORCES FOUNDATION (COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 contract and uncertainty over MOD welfare funding. 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 its current strategy is extant for at least the next two years and hopes MOD engagement will improve.

FINANCIAL REVIEW

Donations and sponsorship of £191,325 (2024 - £160,249) were received in the year. Net assets at the balance sheet date amounted to £1,819,945 (2024 - £1,747,036).

The Trustees are satisfied with the financial position of the Charity at 31 March 2025 and 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 Charity’s general funds.

Financially the Charity is stable but for it to develop further it would be prudent 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 reserves of £360,687 (2024 - £293,213).

PLANS FOR FUTURE PERIODS

During the 27th year of operation the intention of the Charity is to increase its output levels, albeit within the constraints of available funds. The Charity expects in the next two years to draw down on its reserves to compensate for this. The Charity will continue to engage with the services to develop a sustainable model by which to provide its output. A major survey of what beneficiaries want and how frontline morale and esprit de corps can be enhanced will take place during the year.

Support to Operational personnel will be the charity’s main effort, in furtherance of its objects, 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 continue to identify to the MoD and work with them in providing a satisfactory solution.

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 work to establish a greater understanding of the Charity’s status, knowledge and effect 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 within the Ministry. Nonetheless the charity cannot help being disappointed at the lack of understanding and engagement within the MOD. This has become more evident in recent years. Finding appropriate ownership of the relationship with the charity seems to be the central challenge. Encouragingly, however, it should be noted, recent discussions have given cause for optimism. The Charity feels 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. VOD after great efforts is now accepted and commissioned. BFF projects remain the highest profile and effective provision of entertainment to the Armed Forces deployed.

The Charity will always remain open to discussion and keen to participate fully in Joint Ventures with other charities. It will also continue to seek out possible merger opportunities.

6

BRITISH FORCES FOUNDATION (COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

PLANS FOR FUTURE PERIODS continued

VOD (BFFTV) project development will continue. Its potential expands all the time, but the charity cannot help being disappointed at the lack of traction it had with the MOD. Going forward the charity will broaden initiatives in furtherance of its objects, using archive and contemporary footage, broadcast as short films or bursts on social media content to articulate public support and better connect with serving personnel.

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 activity for serving personnel.

The impact of the Charity’s 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 Charity’s 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 impact and effect of its projects. The conclusion was that the Charity makes a significant impact to morale and the feeling of support from the general 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 in 2026.

In these difficult financial times, government welfare budgets are being cut and therefore the role of charities particularly those that assist ‘serving’ military personnel will become more important and significant. The Charity is in a strong position to expand into areas of welfare that may no longer be publicly funded and to work in partnership with MOD to this end. This will be a particular area of focus. The Charity is open to anything that will improve morale and endorse esprit de corps.

The Trustees will build up funds to a level that will guarantee the Charity’s 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. They will now seek a similar groundbreaking technology that can be used to positive effect.

7

BRITISH FOR￿ FOUNDATION {COMPANY LIMITED BY GUARANTEEI TRUSTEE5' REPORT FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responslble for preparing the Trustees. Annual Report arKI the financial statements in at¢ordance with applicable law and United Kingdom Accounting Stsndards Iunlted Kingdorn Generally Accepted Atcountillg Practicel. Company law requlres the Trustees to prepare financial statements for each financial year, whlch g￿e a true and falr view of the state of affairs of the Charlty and of the surplus or deficit for that period. In preparing these accounts, the Trustees are required to.. Select sultable actountinp policies and then apply the.m r.nn%itt*ntly. bl Observe the methods and principles of thè Charities SORP 2015 IFRS 1021. Make judgements and accounting estimates that are reasonable and prudent. dl State whether applicable accounting standards have been followed. subject to any materkil departures disc105ed and explained in the financial statements. Prepare the financlal staterrTrents on the golng concern basis unless It Is inappropriate to presume that the charitable company wlll continue in operation. The Trustees are responslble for keeping adequate accounting records which di5c105e with reasonable accuracy at any time the flnanclal posltlon 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 responslble for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detectSon of fraud and other irregularities. EXEMPTION The Tru5tee5' report has been prepared takinE advants8e of the exemptions available to small companle5 under the Companles Act 2¢JJ6. Approved by the Trustees on d srgned on their behalf by AVM Trustee es- Chairman

INDEPENDENT EXAMINER'5 REPORT TO THE TRUSTEES OF BRIMSH FORCES FOUNDATION I report to the charity trustees on my examination of the accounts of British Forces Foundation for the year ended 31 March 2025, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statement5, including a summary of 5ignfficant accounting 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 ACVI. Having satlsfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In tarrying out my examination I have followed the Directions given by the Charity Commission under sertion 14515llbl of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in Sertion 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants 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 glvlng me cause to believe that in any material respect= Accounting records were not kept in respect of the company 35 requlred by section 386 of the 2006 Act; or The accounts do not accord wlth those records: or The accounts do not comply wtth the accounting requirements of section 396 of the 2006 Art other than any requirement that the accounts give a 'true and fair Vie￿ which is not a matter considered as part of an independent examination,. or The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charttie5 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 connertion with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Nicholas J Fawcetts L Chartered Wlndover H St. Ann Street Salisbury SPI 2DR FCCA Date untants se

BRITISH FORCES FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

(INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from charitable activities
5
Direct costs
6
Raising funds
7
9
10
Gain/(loss) on investments - realised
10
14
14
NET (EXPENDITURE)/INCOME
Gain/(loss) on investments - unrealised
Net movement in funds
Fund balances brought forward
Fund balances as at 31 March 2025
EXPENDITURE ON:
Charitable activities
Fundraising costs
Total expenditure
Donations and sponsorships
Fundraising
Investment and other income
TOTAL INCOME AND ENDOWMENTS
INCOME AND ENDOWMENTS FROM:		 Unrestricted
£
119,600
412,322
84,932
616,854
337,646
151,377
489,023
127,831
(54,919)
-
72,911
1,747,035
1,819,945		 Restricted
£
71,725
-
-
71,725
-
71,725
71,725
-
-
-
-
-
-		 2025
Total
£
191,325
412,322
84,932
688,579
337,646
223,102
560,748
127,831
(54,919)
-
72,911
1,747,035
1,819,945		 2024
Total
£
160,249
31,719
84,374
276,342
327,348
73,085
400,433
(124,091)
40,255
-
(83,836)
1,830,872
1,747,035

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.

BRMSH FORCES FOUNDATION (Company number 3745373) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible fixed assets Investments li io 1,142 1.455.116 2,238 1,448,586 1,456,258 1,450,824 Current a55etS Stock Debtors Cash at bank and in hand 28,932 6,639 384,095 28.932 36,293 257,746 12 419,666 322,971 Credltors: amounts due wtthin one year 13 55,979 26,758 Net current assets 363,687 296.213 Net assets 1,819.945 1.747.036 Funds Unrestricted funds: Restritted funds 14 14 1.819.945 1,747.036 Total funds 15 1,819,945 1,747,036 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatin8 to small companie5. Director5, re5ponsibilitie5'. i The members have not required the company to obtain an audit of Its accounts for the year in question in accordance with section 476. 2 The directors acknowledge their re5ponsibilitie5 for complying with the requirements of the Act with respett to accounting records and the preparation of accounts. Approved and authorised for Issue by the trustees on . - and signed on their behalf by arshal M Wiles CB CBE- Chairman Trustee

BRITISH FORCES FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Note
Cash provided used in operating activities:
16
Cash flows from investing activities:
Purchase of fixed assets
Disposal of investments
Purchase of investments
Cash provided used in investment activities:
Cash flows from financing activities:
Loan repayments
Increase/ (Decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
126,349
-
-
-
-
-
-
126,349
257,746
384,095		 2024
£
(208,491)
(1,759)
-
-
(1,759)
-
-
(210,250)
467,996
257,746

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in Sterling (£) which is the functional currency of the charitable company.

Sound and lighting equipment 20% straight line basis Property improvements 20% straight line basis Fixtures and fittings 25% straight line basis Office equipment 25% straight line basis Computer equipment 33% straight line basis

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES (CONTINUED)

2. NET INCOME AND ENDOWMENTS

Income and endowments are derived wholly from within the United Kingdom.

3. STAFF COSTS

Staff costs were as follows:
Salaries and wages
Social security costs
Other pension costs		 2025
£
123,166
10,741
21,300
155,207		 2024
£
103,805
8,070
24,520
136,395

The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total remuneration of the key management personnel was £123,166 (2024 - £103,805). The key management personnel also received pension contributions totalling £21,300 (2024 - £24,520).

The average number of employees analysed by function was:

Generating funds
Furtherance of the charity's objects		 2025
No.
1
2
3		 2024
No.
1
1
2

Trustees are not remunerated. During the year three trustees received reimbursed expenses of £Nil (2024: £2,137)

4. TAXATION

The Foundation is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5. INVESTMENT AND OTHER INCOME

Unrestricted
£
Bank interest - gross
9,307
Rents receivable
14,175
Investment income
61,450
84,932
6.
DIRECT COSTS
Unrestricted
£
Charitable output expenses
108,111
Share of support costs (note 8)
229,535
337,646
7.
FUNDRAISING COSTS
Unrestricted
£
Fundraising costs
109,487
Share of support costs (note 8)
41,890
151,377
8.
SUPPORT COSTS
Bank charges and interest
Consultancy fees
Accountancy
Bookkeeping
Depreciation
General expenses
Insurance
Printing, postage and stationery
Rent and rates
Repairs and equipment hire
Salaries and NIC
Subscriptions and donations
Telephone and electricity
Travel and entertaining
Computer expenses
Marketing
Allocated to:
Costs of Charitable Activities (output costs) (note 6) 80%
Fundraising costs (input costs) (note 7) 20%		 Restricted
£
-
-
-
-
Restricted
£
-
-
-
Restricted
£
56,231
15,494
71,725		 2025
£
9,307
14,175
61,450
84,932
2025
£
108,111
229,535
337,646
2025
£
165,718
57,384
223,102
2025
£
35
65,225
4,200
848
1,096
1,660
2,500
991
16,011
1,889
155,207
2,575
7,506
18,911
8,185
80
286,919
2025
£
229,535
57,384
286,919		 2024
£
10,219
15,355
58,800
84,374
2024
£
121,598
205,750
295,826
2024
£
21,648
51,437
73,085
2024
£
131
63,432
4,200
780
1,853
2,248
2,035
253
15,555
1,908
136,395
3,797
7,451
15,183
1,918
48
257,187
2024
£
205,750
51,437
257,187

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9. EXPENDITURE

Expenditure on direct costs
Output expenses
Expenditure on raising funds
Fundraising costs
Total expenditure
10. INVESTMENTS
Market value
Additions
Disposals
Reinvestments
(Loss)/Gain in the year
Market value
Historical cost
1 April 2024
31 March 2025
31 March 2024		 Support
Costs
£
229,535
41,890
271,425		 Other
Costs
£
108,111
165,718
273,829
Quoted
£
1,436,348
-
-
61,450
(55,173)
1,442,625
1,436,349		 Total
2025
£
337,646
207,608
545,254
Unquoted
£
12,237
-
-
-
254
12,491
12,237		 Total
2024
£
327,348
73,085
400,433
Total
£
1,448,585
-
-
61,450
(54,919)
1,455,116
1,448,586

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11. TANGIBLE FIXED ASSETS

Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Eliminated on disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 £
23,126
-
-
23,126
21,155
915
-
22,070
1,056
1,971
Sound &
lighting
equipment		 £
5,354
-
-
5,354
5,354
-
-
5,354
-
-
Property
improv-
ements		 £
14,732
-
-
14,732
14,732
-
-
14,732
-
-
Fixtures &
fittings		 £
10,514
-
-
10,514
10,326
102
-
10,428
86
188
Office
equipment		 £
15,131
-
-
15,131
15,052
79
-
15,131
-
79
Computer
equipment		 Total
£
68,857
-
-
68,857
66,619
1,096
-
67,715
1,142
2,238

12. DEBTORS

Trade debtors
Prepayments and accrued income
CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
Other creditors		 2025
£
-
5,724
5,724
2025
£
2,707
3,700
49,510
62
55,979		 2024
£
1,746
34,547
36,293
2024
£
12,526
3,854
8,788
1,590
26,758

13. CREDITORS: AMOUNTS DUE WITHIN ONE YEAR

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14. ANALYSIS OF FUNDS

Unrestricted funds
General fund
Total restricted funds
Total funds
Designated tangible asset fund
Total unrestricted funds
Restricted funds
Panto Bus		 £
1,744,035
3,000
1,747,035
-
-
1,747,035
Balance at
1.4.24		 £
616,853
-
616,853
71,725
71,725
688,578
Incoming
resources		 (543,943)
-
(543,943)
(71,725)
(71,725)
(615,668)
Resources
expended		 £
1,816,945
3,000
1,819,945
-
-
1,819,945
Balance at
31.3.25
ALLOCATION OF NET ASSETS
Tangible assets
Investments
Net current (liabilities)/assets		 General fund
Designated
fund
£
£
1,141
-
1,455,116
-
360,688
3,000
1,816,945
3,000
Unrestricted		 Restricted
fund
£
-
-
-
-		 Total
£
1,141
1,455,116
363,688
1,819,945

15. ALLOCATION OF NET ASSETS

16. RECONCILIATION OF INCOME/(EXPENDITURE) TO NET CASH FROM OPERATING ACTIVITIES

Net (expenditure) for the year as per SOFA
Adjustments for:
Depreciation of tangible fixed assets
(Increase) in debtors
(Decrease)/Increase in creditors
Non cash investment income
Decrease in Stock
Net cash flow from operating activities		 2025
£
127,831
1,096
29,654
29,221
(61,453)
-
126,349		 2024
£
(124,091)
1,853
(18,551)
(9,187)
(58,800)
285
(208,491)

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17. RELATED PARTY TRANSACTIONS

The Charity paid £14,634 (2024 - £14,234) rent and service charges and £8,400 (2024 - £6,000) other business supplies to CU2 Limited. CU2 Limited is a company in which M J A Cann is a director 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 £1,201 (2024 - £1,167).

18. MEMBERS GUARANTEE

The company is incorporated under the Companies Act 1985 and not having a share capital, is limited by guarantee. The guarantee of each member is limited to a maximum of £10 and is for a maximum period of 12 months after ceasing to be a member. The position at the year end concerning members giving a guarantee was as follows:

Number of members giving a guarantee at the year end 2025
10		 2024
10

19. COMMITMENTS

The company has an operating lease commitment in respect of its office building of £1,168 per month (2024 - £1,168), the lease is on a rolling basis and the lease may be terminated by either the company or the landlord giving three months' notice.

BRITISH FORCES FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

20. PRIOR YEAR COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOME AND ENDOWMENTS FROM:
Donations and sponsorships
Income from charitable activities
Fundraising
Investment and other income
5
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE
Expenditure on charitable activities
Direct costs
6
Expenditure on raising funds
Fundraising costs
7
Total expenditure
9
NET EXPENDITURE
Gain/(loss) on investments
10
Net movement in funds
Fund balances brought forward
14
Fund balance as at 31 March 2024
14		 Unrestricted
£
124,051
31,719
84,374
240,144
176,428
73,085
249,513
(9,369)
40,255
30,886
1,716,150
1,747,036		 Restricted
£
36,198
-
-
36,198
150,920
-
150,920
(114,722)
-
(114,722)
114,722
-		 2024
Total
£
160,249
31,719
84,374
276,342
327,348
73,085
400,433
(124,091)
40,255
(83,836)
1,830,872
1,747,036