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|||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|
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|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|||||
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||||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|
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|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|
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|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|
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|||||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)|
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|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)|
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|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|
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|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|
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|||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|||||||
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||||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|