Charity registration number 1095661 (England and Wales) Company reglstration number 4566306 LEADING THE WAY EUROPE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 LEADING THE WAY EUROPE LEGAL AND ADMINISTRATIVE INFORMATION Council Of Managemènt C C Wright Dr R T Kendall R G Waites M A YDus5ef S Y Wright IAppoinled on 03 November 20231 Charity number 1095661 Company numbgr 4566306 Principal address Unil 3 Burnt Oak Business Park Waldron Healhfield TN21 ONL Registered office Cansdales Business Advisers Limited Sl Marys Court The Broadway Old Amersharn Bucks HP70UT Independent examiner Caroline BrazierACA DChA Cansd21es Business Advisers Limited Chartered Accounlanls Sl Marys Court The Broadway old Amersharn Bucks HP70UT Bankers Barclays Bank plc Leicester LE87 2BB LEADING THE WAY EUROPE CONTENTS Page Council Members, report Independent examiner's report Slalemenl ol financial activities Balan￿ sheet Notes lo the financial slalemenls LEADING THE WAY EUROPE COUNCIL MEMBERS. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 The Council of Management present their report and financial slalemenls lor the year ended 31 October 2024. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 110 the financial statements and comply with the Companies Act 2006 and 'Accounling and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191, Objectives and activltl¢s The objectives of the charitable coTnp8ny are sel out in the Memorandum and Articles of Association and are lo advance the Christian lailh in accordance with the Slalemenls DI Belie15 Ihereill in the United Kingdom and Europe, and in such other parts ol the worfd as the Council of Management rnay from lirlle lo lirne deem fil, and lo lulfil such other purposes which are exclusively charttable according lo the law ol England and Wales and are connected with the work of the charitable company. When planning our activities lor the year, the Council ol Management have considered the guidance issued by the Charity Cornmission on Public Benefit and, in particular, the specific guidance on charities for the adv2ncemenl ol religion. Specifically, we provide programming that is.. available lo the public wilhoul charge,, includes leaching on how lo live a changed, responsible and moral life,. that is an inspiration lo help others in the local comrnunily and beyond., and leaching that promotes our viewers and listeners lo be a positive Christian witnes5. Le8(ling The Way Europe began 22 years ago as a small local radio ministry and has now grown into an outreach reaching millions for Christ as we advance the Christian lailh. And our unique impact continues lo grow. During the year ended 31 October 2024, Leading The Way Europe carried out adivilies in accordance with its aims and objective5'. Equipping audience5 through Biblically-b8sed radio programmes.. Leading The Way programmes were bmadcasl multiple limes each week across the UK through a network ol television and radio channels. In addition. all of our conlenl was made available on multiple inlernel platfoms. Proclaiming the Gospel in 28 languages through dual-language broadcasts and through our solar-powered Navigator audio Bible players. 8roadcasling into the Middle Ea51 through our satellite TV channel. THE KINGDOM SAT. Educating audiences through features in UK Christian media regularfy throughout the year, typically based around Dr Michael Youssel's expert views on current world evenls. Achievements and performance Encouraging progress was made in a number ol key areas as we have continued 10 assemble the building-blocks lor a much wider and deeper impact, with a particular focus on 8tteTnpling lo increase signilicanlly the level of finaT)cial inveslmenl for further inlraslruclure developrnenl, as well as for ministry delivery and expansion. We have seen God's hand al work as He ha5 opened up a number ol wonderful and unexpected -OPPOrtunilies, lor which we give grateful thanks. In 5ufflmary, the organi2alion had a successful year in all aspects of ils rninislry. With the ¢onlinued rise in ils profile and visibility, and the continued support from our lailhlul supporters, Leading The Way Europe was able lo expand ils outreach lo proclaim the message ol Christ in the 3dvancemenl ol the Christian lailh. Financial review The income during the year lolaled £395,71912023. £421,171) and expenditu￿ during the year lolaled £365,32512023'. £645.0281 which has resulted in a Surplus for the year of £30,39412023'. Delicil £223.8571 The Council of Management has established a policy whereby the unrestricted funds not comrnilled or invested in12ngible fixed assets or investments I'lhe free reserves'l held by the charitable ¢otnp8ny are sufficient lo meet the ongoing work of the charitable cornpany. This policy and the levels of reserves will be reviewed frorll lirne lo lime. The lolal level of reserves al the end of the year was £54,18012023'. £23,786). Based upon the Council ol Management's review, they have determined that the level ol reserves al the year end were adequate lor the operations of the charitable company. LEADING THE WAY EUROPE COUNCIL MEMBERS. REPORT (CONTINUED}{INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 Investment Policy The Council of MaNagem&nl h8ve the power lo invest the monies of the charitable company not immediately required lor the furtherance of ils objectives in or upon such inveslrllenls, securities or property as may be thought fil, 8ubje¢l lo such condition5 lil any) and such consents lif any) as may lor the lime being be imposed or required by law. Risk Management The Council of Managernenl have examined the major risks the charitable company laces and has implemented inlemal controls lo prevent and delecl fraud and lo lessen those risks that may cause the financial slalemenl lo be materially misslaled as a result of fraud. Structure, governance and management Leading The Way Europe is a charitable company limited by guarantee governed by ils Memorandum and Articles of Association Dated 17 October 2002. The Company Registration number is 4566306 and the Charity Commission Registration number is1095661. The Council ol Management, who are also the directors for purpose of company law, and are Iruslees lor the purpose of chaiily law, and who served during the fiscal year were.. R T Kend311 R G Waites C C Wright M A Youss&l S Y Wright (Appointed on 03 November 20231 The Council ol Management, which shall be not less than three, administers the charity. All Iruslees are invited lo nominate new Iruslees prior lo the general meeting. In selecting persons lo be appointed as Trustee5, the Council ol Managetnenl shall lake into account the benefits ol appointin9 a person who is able by virtue of his or her personal or professional qualificaliolls lo make a contribution lo the pursuit ol the objects or the managernenl of the Charity. New Iruslees may be appointed by ordinary resolution al a general meetin9. New Iruslees will undergo an orienlalion lo brief Ihern on.. their legal obligation5 under charity and company law, the conlenl ol the Mernorandum and Articles ol Association, the Charity Commission guidance on public benefit, and lo inforrn them of recent financial performance ol the charity. The members ol the charitable cDTllpany are the members ol the Council ol Management and each member guarantees lo contribute an arnounl not exceeding £1010 the assets of the charitable company in the event ol winding up. The council members are responsible lor preparing the Annual Report and the financial slalemenls in accordan￿ wlh applicable law and regulations. Cornpany law requires council members lo prepare financial slalemenls for each financial year. Under that law the council members elecled lo prepare the financial slalemenls ITI accordance with United Kingdom Generally Accepled Accounting Practice. Under company law the council members musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the slate of affairs of the cornpany and ol the profil or loss of the company for that period. In preparing these financial slalemenls, the council members are required lo.. select suitable accounting policies and then apply Ihern consislenlly., make judgements and accounting eslimales that are reasonable and prudent., prepare the financial slalemenls on the going coricern basis unless il is inappropriate lo presume that the company will continue in business. The Council rnembers are responsible for keeping adequate accounting records that are sufficient lo show and explain the companls transactions and disclose wilh reasonable accuracy al any lime the financial position ol the company and enable them lo ensure that the financial slalernenls comply with the Companie5 Act 2006. They are 8lso responsible lor safeguarding the assets ol the company and hence for ing reasonable steps lor the prevention and deleclion ol fraud and other irregularities. The bers, repo ve the Bo of Council anagemenl. A Youssef Dated.. 21 May 2 LEADING THE WAY EUROPE INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL OF MANAGEMENT OF LEADING THE WAY EUROPE I report lo the Council of Management on my examination of the financial slalemenls of Leading the Way Europe Ilhe charitable cornpanyl for the year ended 31 October 2024. This report is made solely lo the Council of Managernenl, as a body, in accordance with Section 145 01 the Charities Act 2011. My independent examination has been undertaken so that I might $121e lo the Council ol Management those rnallers l arn required lo slate lo them in an Independent Examiner's report and for no other purpose. To the lullesl exlenl permilled by law. I do not accept or assume responsibility lo anyone other than the Council of Management, lor my reporting work or lor this report. Responsibilities and basis of report As the Council ol Management ol the charitable cornpany land also ils directors for the purposes of company lawl, you are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2￿6. Having satisfied myself that the financial slalemenls of the charitable company ar? not required lo be audited under Part 16 of the Colllpanies Acl 2006 and are eligible for independent examination, I report in respect of my examination of Ihe charitable company's financial slalemenls carried out under sedion 145 of the Charities Act 2011. In carrying out my examination I have followed the Dire¢lions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examine￿5 statement Since the charitable company's gross income exceeded £250,000 your examiner musl be a rneTnber of a body listed in sèction 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the ICAEW, which is one of the listed bodies. I have cornpleled my examination. I confirm that no rnatters have come lo my allenlion in connection wih the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charitable company as required by seGlion 386 of the Cornpanies Ad 2006. the financial slalemenls do not accDrd with those records., or the financial slalemenls do not cotnply with the accounting requirernenls ol section 396 of the Cornpanies Act 2006 other than any requirement Ihal the financial slalemenls give a true and lair view, which is not a matter considered as part ol an independent exarninalion., or the financial slalernenls have not been prepared in aceordance wlh the methods and principles of the Slalemenl Of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial slaletllenls in accordance with the Financial Reporting Standard applicable in the UK and Republic DI Ireland IFRS1021. I have no concerns and have come across no other maller5 in connection with the examination lo which attenb'on should be drawn in this report in order lo enable a proper understanding ol the financial slalemenls lo be reached. Caroline Brazler ACA DChA Cansdales Business Advisers Limited Chartered Accountants St Mary's Court The Broadway Old Amersham Bu¢k$ HP70UT Dated.. 21 May 2025 LEADING THE WAY EUROPE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 Notes In¢ome from.. Voluntary Income Charitable activities Investments 367,135 28,584 393,583 27,190 398 Total income 395,719 421,171 enditure on.. Raising funds 112,865 211,011 Charitable activities 252,460 434,017 Total expenditure 365,325 645,028 Net incomellexpenditurel for the yearl Nel movement In funds 30,394 1223,8571 Fund balances al 1 November 2023 23,786 247,643 Fund balances at 31 October 2Q24 54,180 23,786 The slalemenl of financial activities includes all gains and losses recogni5ed in the year. All income and expenditure derive from continuing 3clivilies. All income and expenditure is unrestricted. The slalemenl of financial acts'vilies also complies with the requirernenls lor an income and expenditure account under the Companies Act 2006. The notes on pages 610 9 form part of these financial slalemenls. LEADING THE WAY EUROPE BALANCE SHEET ASAT31 OCTOBER 2024 2024 2023 Notes Current assets Debtors Cash al bank and in hand 5,022 74,238 8,583 103,289 79,260 125.0801 111,872 188,0861 Creditors: amounts falling due within one year 10 Nel current assets 54,180 23.786 Income funds Unreslricled funds 54,180 23,786 54,180 23,786 The corllpany is entitled lo the exemption from the audit requirement ¢onlained in section 477 01 the Companies Act 2006, for the year ended 31 October 2024. The directors acknowledge their responsibilities lor ensuring that the charity keeps 3c¢ounling records which comply with Section 386 of the Act and lor preparing financial slalernenls which give a true and fair view ol the slate of affairs of the company as al the end ol the financial year and ol ils incoming resource5 and application ol resources, including ils income and expendilure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise cornply with the requirewenls of the Companies Act 2006 relating lo financial slalemenls, so lar as applicable lo the company. The mernber5 have not required the company lo obtain an audit ol ils financial slalemenls lor the year in question in accordan￿ with section 476. These financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject lo the small cornpanies, regime. The fin al 51alemenls were approved by the Council Of Managetlle n 21 May 2025 R G Waites Trustee se Trustee Company Registration No. 4566306 LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Ac¢ounting policies Charity Information Leading the Way Europe is a private company limited by guarantee incorporated in England and Wales. The registered office is CIO Cansdales Business Advisors Limited, si Mary's Court, The Broadway, Old Amersham, Bucks, HP7 OUT 1.1 Accountlng convention The financial slalemenls have been prepared in accordance with the Charity's memorandurn and articles of association, the Companies Act 2006 and 'Ac¢ounling and Reporting by Ch8rilies'. Slalernenl ol Recommended Practice applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended lor accounting periods commencing frotn 1 January 20191. The Charity is a Public Benefit Enlily as defined by FRS 102. The financial slalemenls are prepared in sleding, which is the functional currency of the charitable cornpany. Monetary amounts in these financial slalemenls are rounded lo the nearest £. 1.2 Golng concern Al the lime ol approving the financial slalemenl8, the Council ol Management have a reasonable expectation that the charitable company has adequate resources ID continue in operational existencè for the foreseeable fuluie. Thus the Council Mernbers, continue 10 adopt the goin9 concern b8515 of accounting in preparing the financial $181emenls. 1.3 Charitable fund$ Unreslricted funds are available for use 31 the discretion ol the Council of Management in furtherance of their charitable objectives. Reslrided funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses ol the reslricled funds are sel out in the notes lo the financial slalemenls. Endowment funds are subject lo specific conditions by donors that the capital musl be maintained by the ch3ri1able company. 1.4 Income Income is recognised when the charitable cornpany is legally enliiled lo il after any perforrnance conditions have been mel, the amounts can be measured reliably, and il is probable Ihal incoTne will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been nolilied of the donation, unless performance conditions require deferral ol the arnounl. Income lax recoverable in relab'on lo donations received under Gift Aid or deeds ol covenanl is iecognised al the lime of the donation. Legacies are recognised on receipt or olhetwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected.11 the amount is not known, the legacy is Irealed as a Gontingenl asset. LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Accountlng policies (Continued) 1.5 Expendlture il Expenditu￿ is aceounled for on an accruals basis, inclusive ol VAT, which cannot be recovered. ill Where gifts in kind are made lo the charitable company, a credit is made lo the income of the charitable company al a valuation made by the Council ol Managernenl. If the charitable company is provided with facilities al no charge or reduced cost, the full market cost is included in expenditure with corresponding recognition of incorne. iiil Expenditure is allocated lo the particular activity where the costs relate directly lo that aclivily.Where costs cannot be dI￿¢￿Y allribuled lo particular headings they have been allocated on a basis consislenl with the use ol resources. iv) Arnounls relating lo management and adminislralion costs have been apportioned lo the cost centres of charitable aclivits'es and governan￿ costs in accordance with the requirelnenls of the SORP. vl Govemance costs comprise all costs relating lo the public accounlabilily ol the charitable company and ils compliance with regulation and good praclice.These costs include costs relating lo the Independent examiners report. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks. other short-lem liquid investments with original rnalurilies ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Tax Statu¥ The charitable cornpany is a registered charity within the definitions of section 506111 Income and Corporation Taxes Acl1988 and is therefore able lo18ke advantage of the exernplions given by Section 505 01 the Act. 1.8 Funds a¢¢ountlng Funds held by the charitable company are.. Unreslricled general funds - these are funds which can be used in accordance with the charitable objectives al the discretion ol the council of management. Restricted Funds - these are funds which caTF only be used lor particular purposes wlhin the objectives ol the charitable company. Reslriclions arise when specified by Ihe donor Dr when funds are raised for particular reslrided purpose5. The nature and purpose ol each fund is explained further in the notes lo the financial slalernenls. Voluntary Income Unrestricted Unrestricted fund5 fund$ 2024 2023 DDnalion5 and gifts 367,135 393,583 LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Charitable a¢tlvltles 2024 2023 Gift aid income 28,584 27,190 Investments Unrestricted Unrestricted funds fund? 2024 2023 Interest re￿Ivable 398 Ralslng funds Unrestricted funds 2024 Unrestricted funds 2023 Fundralslng and publicity Other fundraising costs Support costs 9,757 103,108 9.817 201,194 Fundraising and publicity 112,865 211.011 Charitable activities Programme Alrtime, Education and Speaking Admlnistration television & Publicatlons Event & Support costs radio Total 2024 Total 2023 Charitable expenditure Govemance Cost.. Independent Examination Fee Other services Sundry Expenses 68,581 115,310 61,444 245,335 428,536 5,400 1,725 5,400 1,725 3,281 2,187 13 75,706 115,310 61,444 252,460 434,017 Council Of Management Mernbers of the Council of Management are not remunerated and there were no expense claims for Council ol Management members 12023.. Nil) There were no donations made ID the charitable cornpany from the council of managemenl12023'. Nill. LEADING THE WAY EUROPE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Employees There were no employees during the year12023.. Nill. Debtors 2024 2023 Amounts falling due Ylthin one year: Other debtors 5,022 8,583 5,022 8,583 l O Creditors.. amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 19,680 5,400 82,698 5,388 25.080 88,086 11 Related party transa¢tlons There were no disclosable related party Iransaclion5 during the year12023'. none).