Annual Financial Statements 2014

As we stress every year, the financial results released today do not represent the overall profits of either of the Windrush or Firerush businesses. Instead they present the operating costs of the businesses, and additional sums that may be held back in corporate reserves for investment in future years.  

Windrush Ventures Limited

The £1.2m surplus [1] of Windrush Ventures Limited represents money held in the company for re-investment for growth. The amount is lower than in 2013 as the business is judged to have sufficient reserves to meet its growth plans.

Operating costs, which include administration, rent, travel and other costs, have increased from £12.1m in 2013 to £13.0m in 2014 as the business has grown and increased its operations. Staff numbers have similarly increased. 

As the requirement to increase reserves was less in 2014, the money held in the company to cover planned expansion and its operating costs has also decreased, from £14.9m in 2013 to £14.2m in 2014. 

Firerush Ventures Limited

As a small company Firerush Ventures Limited is required to publish only abbreviated accounts. 

In addition to covering its annual operating costs Firerush has invested in the expansion of its business. The company used money retained from previous years (e.g. 2013: surplus of £1.5m) and earmarked for reinvestment to meet its result [2].  

The reserves of the business are £0.7m at 31 March 2014.   

Notes

The annual financial statements, including Windrush Ventures Limited and Firerush Ventures Limited, have been submitted to Companies House and are published on this website today.  

Windrush and Firerush are the two entities through which commercial activities are conducted and through which the operating costs of the Tony Blair group’s global activities are paid.  These companies retain sufficient profits in each year to cover the cost of its annual operations, and also to cover planned investment costs that will arise in future years as a result of expansion in the businesses.  This is the financial information that is set out above.

Readers of the financial statements should note that the structure of the business provides: limited liability protection; confidentiality of business results; and transparency for tax purposes. 

Mr. Blair is a UK taxpayer and pays full personal tax on all his earnings worldwide.  

These accounts do not represent his earnings or the earnings or the profit of his businesses and are not referable to them. 

They represent neither the accounts of his charities nor his donations to them. 

The financial statements have been audited by KPMG LLP.  

[1] Profit on ordinary activities before taxation

[2] Loss for the financial year

 

Windrush Ventures Limited – Directors’ report and consolidated financial statements for the year ended 31 March 2014

Windrush Ventures No.1 Limited – Abbreviated financial statements for the year ended 31 March 2014

Windrush Ventures No. 2 LLP – Members’ report and financial statements for the ended 31 March 2014

Firerush Ventures Limited – Abbreviated financial statements for the year ended 30 April 2014

Firerush Ventures No. 1 Limited – Abbreviated financial statements for the year ended 30 April 2014

Firerush Ventures No. 2 LLP – Abbreviated financial statements for the year ended 30 April 2014

6 January 2014

Annual Financial Statements 2013

Annual Financial Statements 2012

As we stress every year, the financial results released today do not represent the overall profits of either of the Windrush or Firerush businesses. Instead they present the operating costs of the businesses, and additional sums that may be held back in corporate reserves for investment in future years.  
Windrush Ventures Limited
The £1.2m surplus [1] of Windrush Ventures Limited represents money held in the company for re-investment for growth. The amount is lower than in 2013 as the business is judged to have sufficient reserves to meet its growth plans.
Operating costs, which include administration, rent, travel and other costs, have increased from £12.1m in 2013 to £13.0m in 2014 as the business has grown and increased its operations. Staff numbers have similarly increased. 
As the requirement to increase reserves was less in 2014, the money held in the company to cover planned expansion and its operating costs has also decreased, from £14.9m in 2013 to £14.2m in 2014. 
Firerush Ventures Limited
As a small company Firerush Ventures Limited is required to publish only abbreviated accounts. 
In addition to covering its annual operating costs Firerush has invested in the expansion of its business. The company used money retained from previous years (e.g. 2013: surplus of £1.5m) and earmarked for reinvestment to meet its result [2].  
The reserves of the business are £0.7m at 31 March 2014.   
Notes
The annual financial statements, including Windrush Ventures Limited and Firerush Ventures Limited, have been submitted to Companies House and are published on this website today.  
Windrush and Firerush are the two entities through which commercial activities are conducted and through which the operating costs of the Tony Blair group’s global activities are paid.  These companies retain sufficient profits in each year to cover the cost of its annual operations, and also to cover planned investment costs that will arise in future years as a result of expansion in the businesses.  This is the financial information that is set out above.
Readers of the financial statements should note that the structure of the business provides: limited liability protection; confidentiality of business results; and transparency for tax purposes. 
Mr. Blair is a UK taxpayer and pays full personal tax on all his earnings worldwide.  
These accounts do not represent his earnings or the earnings or the profit of his businesses and are not referable to them. 
They represent neither the accounts of his charities nor his donations to them. 
The financial statements have been audited by KPMG LLP.  
[1] Profit on ordinary activities before taxation
[2] Loss for the financial year
Windrush Ventures Limited – Directors’ report and consolidated financial statements for the year ended 31 March 2014
Windrush Ventures No.1 Limited – Abbreviated financial statements for the year ended 31 March 2014
Windrush Ventures No. 2 LLP – Members’ report and financial statements for the ended 31 March 2014
Firerush Ventures Limited – Abbreviated financial statements for the year ended 30 April 2014
Firerush Ventures No. 1 Limited – Abbreviated financial statements for the year ended 30 April 2014
Firerush Ventures No. 2 LLP – Abbreviated financial statements for the year ended 30 April 2014
5 January 2014
Annual Financial Statements 2013
Annual Financial Statements 20Annual Financial Statements 2013
As we stress every year, the financial results released today do not represent the overall profits of either of the Windrush or Firerush businesses. Instead they present the operating costs of the businesses, and additional sums that may be held back in corporate reserves for investment in future years.  
Windrush Ventures Limited
The £1.2m surplus [1] of Windrush Ventures Limited represents money held in the company for re-investment for growth. The amount is lower than in 2013 as the business is judged to have sufficient reserves to meet its growth plans.
Operating costs, which include administration, rent, travel and other costs, have increased from £12.1m in 2013 to £13.0m in 2014 as the business has grown and increased its operations. Staff numbers have similarly increased. 
As the requirement to increase reserves was less in 2014, the money held in the company to cover planned expansion and its operating costs has also decreased, from £14.9m in 2013 to £14.2m in 2014. 
Firerush Ventures Limited
As a small company Firerush Ventures Limited is required to publish only abbreviated accounts. 
In addition to covering its annual operating costs Firerush has invested in the expansion of its business. The company used money retained from previous years (e.g. 2013: surplus of £1.5m) and earmarked for reinvestment to meet its result [2].  
The reserves of the business are £0.7m at 31 March 2014.   
Notes
The annual financial statements, including Windrush Ventures Limited and Firerush Ventures Limited, have been submitted to Companies House and are published on this website today.  
Windrush and Firerush are the two entities through which commercial activities are conducted and through which the operating costs of the Tony Blair group’s global activities are paid.  These companies retain sufficient profits in each year to cover the cost of its annual operations, and also to cover planned investment costs that will arise in future years as a result of expansion in the businesses.  This is the financial information that is set out above.
Readers of the financial statements should note that the structure of the business provides: limited liability protection; confidentiality of business results; and transparency for tax purposes. 
Mr. Blair is a UK taxpayer and pays full personal tax on all his earnings worldwide.  
These accounts do not represent his earnings or the earnings or the profit of his businesses and are not referable to them. 
They represent neither the accounts of his charities nor his donations to them. 
The financial statements have been audited by KPMG LLP.  
[1] Profit on ordinary activities before taxation
[2] Loss for the financial year
Windrush Ventures Limited – Directors’ report and consolidated financial statements for the year ended 31 March 2014
Windrush Ventures No.1 Limited – Abbreviated financial statements for the year ended 31 March 2014
Windrush Ventures No. 2 LLP – Members’ report and financial statements for the ended 31 March 2014
Firerush Ventures Limited – Abbreviated financial statements for the year ended 30 April 2014
Firerush Ventures No. 1 Limited – Abbreviated financial statements for the year ended 30 April 2014
Firerush Ventures No. 2 LLP – Abbreviated financial statements for the year ended 30 April 2014
5 January 2014
Annual Financial Statements 2013
Annual Financial Statements 2012