2020-07-31-accounts

		Page
Report ofthe Trustees/Directors		1 to 6
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		10to 18
Detailed Statement of Financial	Activities	19

Mr	Nick	Allott OBE	Managing Director —Cameron	Mackintosh	Mackintosh	Mackintosh
Mr	Nick	Blackbum	Chairman —Eventim U.IC Ltd
Mr	Andy	Coulson	Founder &CEO —Coulson Partners
Mr	Kevin	Godlington	CEO —Organic Animal Nutrition
Mr	Rob	Hallett	CEO Robomagic
Mr	Craig	Hassell	Chief Executive —Royal Albert	Hall
Mr	Alex	Hill	President &CEO —AEG Europe
Mr	David	Joseph	Chairman &CEO —Universal	Music UK
Mr	Cad	Leighton-Pope	Managing Director —LPO Ltd
Mr	Gary	Lydiate	CEO —Kilfrost
Sir	Peter	Norriss	RAF —Retired
Ms	Helen	Parker	EVP UPHE Content Group —Universal			Pictures	International
Mr	John	Reid	President, Concerts —Live Nation		Europe
Lady	Caroline	Richards	Founder &CEO —Afghan Appeal		Fund
Mr	Frank	Warren	Boxing Promoter &Chairman ofBox Nation
Mr	David	Webb	CEO j Brands j EMEA &APAC	—CSM		Sport &	Entertainment
Cdr	Virginia	Newman	Royal Navy

			2020	2020	2020	2019
			Restricted	Unrestricted	Total	Total
		Notes	Funds F	Funds F	Funds f	Funds E
INCOMING RESOURCES
Income from:
Charitable activities				118,023	118,023	206,237
Donations				53,253	53,523	49,833
Investment income				53	53	37
Gain on disposal of	investment			38,730	38,730
Total incoming resources				210,059	210,059	256,107
RESOURCES EXPENDED
Expenditure on:
Charitable activities				144,606	144,606	159,017
Support costs				12,492	12,492	19,738
Other resources expended				78,702	78,702	(2,555)
Raising funds				507	507
Totalresources expended				236,307	236,307	176,200
NET INCOME/(EXPENDITURE)		before		(26,248)	(26,248)	79,907
gains
Net gain on revaluation of investments				(36,637)	(36,637)	43,196
RECONCILIATION	OF FUNDS
Total funds brought	forward			352,961	352,961	229,858
TOTAL FUNDS CARRIED FORWARD				290,076	290,076	352,961

TICKETS FORTROOPS
Balance Sheet
At 31July 2020
	31 July 2020	31 July 2019
	Total	Total
	Funds	Funds
Notes		F
FIXEDASSETS
Tangible assets		711
CURRENT ASSETS
Debtors	3,468	21,002
Cash at bank	167,265	115,827
Investments	130,449	241,160
	301,182	377,989
CREDITORS
Amounts falling due within one year	(11,754)	(25,739)
NET CURRENT ASSETS/(LIABILITIES)	289,428	352,250
TOTAL ASSETSLESSCURRENT	290,076	352,961
LIABILITIES
NETASSETS	290,076	352,961
FUNDS 10
Unrestricted funds	239,553	265,801
Restricted income funds
Fair value reserve	50,523	87,160
TOTAL FUNDS	290,076	352,96'I

2. ANAL	YSIS OF	INCOME
			Unrestricted		Restricted	Total	Prior
			Funds		Income	Funds	Year
					Funds
			Notes	6	f	f	6
Donations
Donations	and gifts			50,330		50,330	45,458
Gift aid				2,923		2,923	4,375
Total				53,253		53,253	49,833
Charitable	Activities
Ticket booking fees				118,023	118,023		206,237
Total				118,023	118,023		206,237
Income from Investments
Interest income						53	37
Total						53	37
Separate	material	item of income
Gain on disposal of		investment		38,730		38,730
Total				38,730		38,730
TOTAL INCOME				210,059	210,059		256,107

				Unrestricted	Unrestricted	Restricted	Total	Prior
				Funds		Income	Funds	Year
						Funds
				Notes	5	5	5	5
Expenditure	on	raising funds
London Marathon					507		507
Ride the Trafalgar Way
Total					507		507
Expenditure	on	charitable		activities
Commission	on booking fees				2,819		2,819	4,950
Ticket Fulfilment		costs			19,837		19,837	28,137
Staff costs					114,160	114,160		111,119
Postage and	stationery				7,790		7,790	14,811
Total					144,606	144,606		159,017
Support
Independent	examiner		costs		2,100		2,100	2,000
Website and	computer				3,970		3,970	4,334
Computer equipment			depreciation		385		385	469
Staff costs					3,934		3,934	3,807
Admin support costs					2,103		2,103	9,128
Total					12,492		12,492	19,738
Other
Write offofTickets For Troops Ltd balance								2,923
Donations					45,000		45,000
Accounts and	payroll				12,420		12,420	10,826
Other costs 10eanniversary					14,230 7,052		14,230 7,052	(18,465) 2,161
Total					78,702		78,702	(2,555)

Independent Examiners fees			2,100	2,000
Other services —payroll, accountancy	services,		12,420	10,826
Company Admin paid to the Independent		Examiner
Other costs			14,230	(18,465)

5. STAFF COSTS	31July 2020	31July 2019
	6	F
Wages and salaries	106,827	106,162
Social security costs	8,775	6,797
Pension —defined contribution	2,492	1,967
	118,094	114,926

		31	July	2020	31	July	2019
Administrative	Staff			4			4

6. TANGIBLE FIXEDASSETS	6. TANGIBLE FIXEDASSETS		Fixtures 8fittings	Fixtures 8fittings
			&oflice	equipment
COST				E
At 1 August 2019				2,530
ADDITIONS				322
DISPOSALS
At 31July 2020				2,852
DEPRECIATION
At 1 August 2019				1,819
Charge for year				385
On Disposals
At 31July 2020				2,204
NET BOOK VALUE
At 31 July 2020				648
At 31 July 2019				711
7. DEBTORS:AMOUNTS	FALLING DUE WITHIN	ONE YEAR
		31	July 2020	31 July 2019
			8
Trade Debtors				19,994
Prepayments and accrued income			3,468	1,008
			3,468	21,002
8.CURRENT ASSET INVESTMENTS		31 f	July 2020	31 July 2019 8
Fundsmith LLP —Listed investment		130,449		241,160
During the year some ofthe	units held were sold, realising a gain		of838,730.
9. CREDITORS AMOUNTS	FALLING DUE WITHIN ONE YEAR
		31	July 2020 F	31 July 2019 f
Trade creditors			6,219	6,361
Social Security and other taxes			1,424	12,414
Accruals			4,111	6,964
		11,754		25,739

		for	for	the Year Ended 31July	2020
10. MOVEMENT		IN FUNDS
					Net movement
				At 1.8.19	in funds	At31.7.20
					8
Unrestricted	funds
General fund				265,801	(26,248)	239,553
Restricted funds
Income fund
Fair value reserve				87,160	(36,637)	50,523
TOTAL FUNDS				352,961	(62,885)	290,076
Net movement	in	funds,	included	in the above are as follows:
				Incoming	Resources	Movement in
				Resources	expended f.	fundsf
Unrestricted	funds
General fund				210,059	236,307	(26,248)
Restricted funds
Income fund
Fair value reserve					36,637	(36,637)
				210,059	272,944	(62,885)
TOTAL FUNDS
					Net movement
				At 1.8.18 F	in funds f	At 31.7.19
Unrestricted	funds
General fund				185,894	79,907	265,801
Restricted funds
Income fund
Fair Value reserve				43,964	43,196	87,160
TOTAL FUNDS				229,858	123,103	352,961
				Incoming	Resources	Movement in
				Resources	expended	funds
				6	8	F
Unrestricted	funds
General fund				256,107	176,200	79,907
Restricted funds
Income fund
Fair value reserve				43,196		43,196
				299,303	176,200	123,103
TOTAL FUNDS

			31 July 2020	31 July 2019
			F	8
INCOMING RESOURCES
Donations			50,330	45,458
Voluntary ticket booking	fees		118,023	206,237
			168,353	251,965
Investment income
Deposit account interest			53	37
Gain on disposal ofinvestment			38,730
Other incoming resources
Gift-Aid received			2,923	4,375
Total incoming resources			210,059	256,107
RESOURCES EXPENDED
Costs ofcharitable activities
Commission on booking	fees		2,819	4,950
Ticket fulfilment costs			19,837	28,137
Governance costs
independent examiner costs			2,100	2,000
Raising Funds
London Marathon			507
Support costs Information Website and computer costs		technology	3,970	4,334
Computer equipment			385	469
			29,618	39,890
Other
Wages Social Security and pension			106,827 11,267	106,162 8,764
Advertising and PR			5,211	2,669
Donations			45,000
Bank charges			379	491
10th year anniversary event Postage and stationery Rent and related costs			7,052 7,790 1,520	2,161 14,811 (31,510)
Repairs and maintenance Staff training and welfare			1,455 1,187	3,485 1,314
Telephone and internet			2,766	3,577
Bookkeeping, payroll and accounts			12,420	10,826
Travel and subsistence	costs		1,109	599
Insurances			188	532
Subscriptions			415	378
Admin support costs			2,103	9,128
TFT Events written off				2,923
			206,689	136,310
Totalresources expended			236,307	176,200
Net income/(expenditure)			(26,248)	79,907