REGJSTERED co￿[P.￿N1'" NU￿lBER. 0631278q ff ngland and Wales)
REGISTERED CIL4RITI' NU￿lBER. 1125345
Report of the Trustees and
Unaudited financial Siatements
for the I'e4r Ellded 31st December 2023
Le#p$ B4￿￿d$ T￿$1- Inspiring
Change Ltd
Neil WestWlKKI & Co.
Charte.-ed Accountanls
101 Dixons Green Road
Dudle%'
W¢st.Midiands
DY2 7DJ

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
Conten1$ of the Finax¢ial St4tement$
fur the YeAr E￿ded 31st December 2023
Page
Referenee and Administrative Details
Report of the Trustees
Independent Eiaminer'5 Report
Statement of Financial Activities
Bol#nte Sheet
Notes to the Financi81 St)Itements
9 to 15

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
Reference and Admini$tr¥tive Details
fur the YeAr E￿ded 31st December 2023
TRUSTEES
D J Hodson- Chaimmn
l F CruiK-Ta},lor
Ms V A Ivollaston
C W Luffingh￿￿ (resigned 15.9.24)
COMPALYY SECRETARY
K Horsfall
REGISTERED OFFICE
6 CathLart Road
Siourbridge
Vcst Nlidlands
DY8 3UZ
RLGIS"I'ERED COMPANY
LLIIBER
0631?785 (England and Wales)
REGISTERED CHAIUTY
NLMBER
1125345
INDEPENDENT EXAMINER
Neil Westwood & Co.
Chartered AcLountsnl
101 Diions Green Road
Dudle).
Illest Midlands
DY? 7DJ
NoN-￿0TING MEMBERS
Richard Morris
Peter Suddock
L¢¢ B¢nson
CONSULTANTS
Chief Executiie
Operati011s Mandger
Financial ￿1￿7ager
Creall￿e Consultani
Keith Hovifall
RiLhatd Morris
Nicholas Taylor
Lee Benson
Page I

Leap5 and Bounds Trust- Inspirin2
Change Ltd (Registered number: IKL112785)
Report of th¢ Truste¢s
fur the YeAr E￿ded 31$t December 2023
The trnstees who are also directors of the charitv for the purpo￿% of Ihe Companies Act 2006, present their report with the
financial %tateTnenl% of the charity foT the year ended 31 st December ?023. The tru%te£% have adopted the proN'ision% of
Aecounting and Reporting by Chdrities= Ststement uf Reconirjended PIAetice applicable to Lharities preparing their
account5 in accordance with the Financial Reporting Stsndard applicable in rhe LK and Republic of Ireland (FRS 102)
iefteciive l January ?019).
OBJECTIVES.4ND ACTIVITIES
Objeetives and aims
The principal objecti*e and aim of the Trust as detined in its Articles of Association is to work tor the benefit of young
people and by such meihods as ihe Tnjsi shall detem)ine.
The thrc¢ principlc strands to its WOTk B'ith young p¢opl¢ a
Intense and sustained personal developmeni
Ongoing long lem pastoral gupp)rt
High¢sl l¢v¢l of art16tic {or cultural) ¢iigag¢Tn¢nl
ACHIEVEMENT AND PERFORMANCE
Aehievements and performance
During the year the niain focus was to deliver our Blank l¥all Project. Based in H2leso￿?en the project provided weekly
work.shops in various artfornis in ord¢r for th¢ panicipanls to cr¢at¢ a KrTres of str¢¢t art imagcs around Ilal¢sowen Town
Centre.
Final installations were completed in December, the proj4*t is now eieating an exhibition to promote the work undertaken
Funding for ihis includcd Arts Council. Na(ional Lollcry. Dudley MBC and various local and national charitabl¢ tTr￿ts.
Black Country Radio have remained c1￿￿elY involved a media p3ttsJer foT our activities.
Ivebslte
DuTlti¥ th¢ y¥￿[ th¢ ulil w¥bSlLe t¢lir¢d a nvm. Ivok w¢bsil¥ L￿¢ll￿d &inJ IdunLh¥d P￿￿1 Of th¥ Bl<iuk Witll PriJjtLt.
Th¢ website, www.l¢apsandbounds.org.uk coniinues 10 be well and has seen an incr¢as¢ in use since its r¢nO￿arIon and is
as both a point ot Contact and foT inforniation about ihc Trust.
FINANCIAL REVIEW
Fin8ncial position
Th¢ fin4ncial situation lor the Trust remains ¢hallenoin& in ¢omnon ￿](h man), siinilar smaller ihird s¢¢tor organisations.
HO￿¢￿'¢r, bcqu¢stS, 5ucc¢ssful Lottery bids and th¢ provi5i0n of c￿sU112n¢Y s¢ri'ic¢b continu¢ to ¢as¢ the situation
sointwhat in mecting our eore costs.
The Directors will continue to keep a close eye on cash-flow.

Leap5 and Bounds Trust- Inspirin2
Change Ltd (Registered number: IKL112785)
Report of th¢ Truste¢s
fur the YeAr E￿ded 31$t December 2023
FIf4ANCIAL REVIEW
Partnerships
The Trust has entered into vaThous partneT5hip 3rrdn¥eTne￿ts with a number of organisations both as delivery partners and
fund¢rs. Thcs¢ ar¢ it¢mis¢d b¢low.'
Partners
Art¥ Coun¢il England
National Lottery Comrnunity Fund
Dudley MBG,
Ilalesowen BID
Cornbow Centre, Halesowen
Black Country Radio
Reserves polic).
As the Trust has no direct employees there are nLI liabilities for the costs associaied with this aspeci and it is eonsidered that
the current Ic￿e1 of frce rescrves will ￿ sutliiient tor ihL organisaiion io operaie cffectiN.'cly durin￿ the currcni transition
p¢riod although th¢ tru51¢¢s ar¢ conslantly looking for sourc¢s of addilional cor¢ funding lo ciiablc th¢ Tru51 to stay
liiiancially viabl¢.
FUTURE PLANS
Througyh conbultancy arrangements, the Trust continues io identifv fuiure projects and sources ot funding.
The Directors also a8reed that the Trust should continue to identify project delivery potential pariners a ￿trate81C aim.
STRucfuRE, GOVERNANCE AYD IWIANAGEfvIENT
Goi'ernln2 documen¢
The alYair5 01 th¢ Lcaps and Bounds T￿￿¢ - Inspiring Change Lid. I"thc Trnsl"). thich is a company limited by guaranlcc
with charitable statiis (since July 21K)81, are govemed by lis Articles ot Association and are Ihe reswnsibility of the Trust's
Board of Dirertors.
Reernltment a￿d appolntment of new trnstees
Th¥ Bu£ird Lurrenily LuInpris¥s tuut IDdii'idudls whu h￿11¢ dD inL¢r¥s1 ur ¢xp¥riis¥ ID workiD¥ Ihruu¥h Llllture (Ind lh¥ dtls
with al risk young people were who appointed as Direciors b), Board. There are in addition four non-i'oting members
who act as Consultants to th¢ board. Th¢ R¢1.1￿ of th¢ TTU5t has id¢ntifi¢d 3 need for additional expcrtls¢ and Pe￿pectIv¢s..
aecordingly approaches are currently being ttvdde to a number of other fleld experts to join the Board.
Organisational struc￿re
The Board is responsible for Ihe affaiTS of the Trnst. Th¢ Chief Exe¢utiY¢, Treasurer and consultant team deal with the
day-to-day operation of th¢ organisalion.
Induction and trainillg of neTrv trustees
Board menibers are experienced indii'iduals in the fields of the arts. local goiTernment and Nwlnerable young people and
mosl ar¢ als0 m¢mb¢Tr' oi boards and Tllanag¢Tn¢nl LOTnmitt¢¢s of SiTnilar OTganisalions. Full induction is oll"¢r¢d io all ll¢w
Board Tn¢mb¢rs. Ongoing training is organiKd and d¢liv¢rcd to d¢al Ivith thc strdtcgic d¢Y¢loptncnt of the organisation and
to addre%.% anv out%tanding identified needs.
Page 3

Leap5 and Bounds Trust- Inspirin2
Change Ltd (Registered number: IKL112785)
Report of th¢ Truste¢s
fur the YeAr E￿ded 31$t December 2023
STRucfuRE, GOVERNANCE MANAGETrIENT
Risk management
The Directoi% haN'e undertaken a formal of thE major risks to ￿hiCh the Trust ma}. be exposed. This a%%es%inent
remains ongoing. Aetions Lind proceduies to addres5 these ii5ks are inLOtpordted Into the varidus bugiiiesg and other plans
which have been pul in place during the Teported period. Individual Dirtytors are charged ￿'1th overseeing any potential
risks.
Approved by order of the board of trustees on 3thh September 2024 and signed on its behalf by=
K Hvrsfall - se¢￿tary
Page 4

Independent Examiner's Re￿rI to the Trustees or
Leap5 and Bounds Trust- Inspiring
Change Ltd
Independent examiner's report to the trustees of Leaps and Bounds Trllst- Inspiring Change Ltd ('the Company.)
I report to the charity Iruslee5 on my exaTnination of the accounts of ihe Company for rhe year ended 3 Isl December 2023.
Respon$ibllltles basls of report
A.% the charity's t￿lIE£s of the Cornpan} {and al￿ it% dirtctofi for the pUr￿se￿ of Compan￿ law) you ate iesponsible for th¢
preparation of the a¢¢ounts in i)c¢ordan¢e ivith th¢ rwuir¢Jn¢nts of th¢ Cotr.panics Ad 20061'the 2￿6 A¢t')-
Having saiisfied mvself ihat the accounts of ihe Companv are nol required to be audiied under Part 16 of ihe 2006 Act and
are eligiibl¢ fur ind¢p¢￿d￿[ ¢xamindlion, I rq)ort in r¢sp¢ri of vn). ¢XdTn".naiion of yvur ¢harity's accounts as ¢arri¢d oui
under Section 145 of the Charities Act 101 l {'the ?Ql 1 .4ct'). In catrying out my examination I have followed the Directior15
given by the Charity Commission und¢r Section 145(5) Ibi of the ?0 I l Act.
Independent examintr's statement
hai'e compl¢led my ¢xaininaDon. I confirni that no Tnaiiers have ¢om¢ lo my atienlion in ¢onne¢tion with the examinaiion
giving m¢ caus¢ to b¢ll¢￿e-
accounfing records were not kept in respect of the Company as rquired by Section 386 of the 2¢N)6 Act,. or
Ihc accounts do not accord with thosL' rceords; OT
th¢ accounls do not comply with thc accounting ￿qUir¢￿¢￿tS of S¢clion 396 01. lh¢ ?006 Act oihcr than any
rcquircm¢nt that th¢ accounts ¥iv¢ a truc and fair viJTr which is not a matter consid¢r¢d as part of an ind¢pend¢nt
examindiion. or
the accounts have not been prepared in aLcordanee ￿'ith the methods and principles of the Stateinent of
Recommended Practice tor a¢¢ounting and reporting bv ¢haTilie$12ppli¢able to ¢haTities preparing their accounts in
accordanc¢ iN'ith thc Financial Reporting Standard applicabl¢ in lh¢ and Republic of Ir¢land IFRS 10?)).
I hai'e no concerns and havt come acros8 no 011￿r matteTS in connection with the examination to which attention khould be
dr8￿n in this report in order to enable a proper understanding of the accounts to be teached.
N A W¢stwood
Neil Westwood & Co.
Chartcrcd Accountants
l O l Dixons Gr¢¢n Road
Dudl¢y
DY2 7DJ
30th September 2024
Page 5

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
Statement of Finaneial Aetii'ilifs
fur the YeAr E￿ded 31st December 2023
2023
Total
runds
UDrestriclcd
rund
Rcstrictcd
Tolal
funds
INCOME AND ENDOWMENTS FROM
Charitable actii'ities
Blank wall
47.(M)O
47,000
94.945
EXPENDJTURE ON
Charitable activities
Blank wall
83,151
83.151
51,833
Other
Total
(?0)
1.928
1,908
85,0£9
1,9?7
53,760
NET INCOMEI(EXPETr•DITURE)
20
(38,079)
(38.059)
41,185
RECONCILIATION OF FLryDS
Total tunds brought fanN'ard
149
42.034
42,183
998
TOTAL FUNDS CARRIED FORWARD
169
The notes forni part of these financial Star￿ments
Page 6

Leap5 and Bounds Trust- Inspirin2
Change Ltd (Registered number: IKL112785)
Balance Sh¢et
31st Deeember 2023
2023
2022
Noi¢s
FIXED ASSETS
Tangible assets
7.074
CURRENT ASSETS
Deblors
C4i%h at bank
197
197
36,9117
37,104
4.974
CREDITORS
Amounts talling duc within onc ycar
1850)
(1.995)
NET CURRENT ASSETS
-15.109
TOTAL ASSETS LESS CURRENT
LIABILITIES
4.124
42,IX3
NF.T ASSETS
FUiYDS
UiiTestriited funds
Reslricted funds
TOTAL FUNDS
4.1?4
169
149
The charitable compan> is entitled io ¢xemption trom audii undcr Scclion 477 of th¢ Companics Act 21K>6 for the year
ended 31 st December 2023.
The members have not required the company to obtain an auth"t of its financial statements for the year ended 31st December
2023 in accordance with Section 476 of the Companies Aci 2￿6.
The trustee.s acknowledge their responsibilities for
(al
ensuring ihat the Lharitable company keeps accountiiig records ihat comply with Sectionb 386 and 387 01 the
Companies Act 21KJ6 and
preparing financial statements M'hich gil'e a true 2nd fair iryew of the slate olaffairs of the chariiable company as al
ilit ciid of tacli fiiiai)Lial y¢ar aiid of its surplus or d¢ficit for ¢aLh fiii)i)cial y¢ar iii aLLOJ'daiiL¢ wirli tlie I¢quii'¢iii¢iits
of Se¢tion.5 394 and 39) and ￿'hICh oihernise compl!. w'ith the requirements of the Companies Act 2tK)6 relating to
financial statements. so far as applicable to the charitable company.
Ib)
The notes forni part of these financial Star￿ments
Page 7
continued...

Leap5 and Bounds Trust- Inspirin2
Change Ltd (Registered number: IKL112785)
Balance Sh¢¢t- continued
31st Deeember 2023
These tinan¢ial statements have been prepared in accordance with the provisions applicable io Charitable companies subject
to the small companics rcgimc.
The fin2neial statements w¢re approved by thc ￿4rd of Trustees and authoriscd for issue on 30th September 2024 Jnd were
signed on its behalf bj..
D J Hodson - Trustee
The notes forni part of these financial Star￿ments
Page 8

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts
fur the YeAr E￿ded 31st December 2023
ACCOUNTif4G POLICIES
Basis of prep2rinx thv fiDan¢ial stalemellt5
The fIn￿le1￿1 statements of the ehaiitablt Lompany. whiLh 15 a publie benefit entity urtdei FRS 102, have beti)
prepaTed in accordance with the Charities SORP IFRS 10?) 'Accouniing and Reporting by Charities- Statement ot.
Recommended Praciice applicable io chariiies preparino iheir aCc￿n(S in accordance wilh ihe Financial Reporting
SiandaTd applicabl¢ in th¢ LIK aiid R¢public of Ireland i FRS I O?) {eiT¢¢ti%'e l Jdnuary 20191,, Finaniial R¢p()rting
Standard 102 The Finanrial Reporting Standard applicable in the UK and Republic of Ireland, and the Compaiiies
Act 2006. The financial statements hav¢ been prepared under ihe historical cost convention.
Ineome
All incoTn¢ is r¢¢ognis¢d in th¢ Staiement of Financial A¢li¥'iti¢s once lh¢ ¢harits, has ¢ntitl¢m¢nt to lh¢ funds. il is
probablc that th¢ inco￿￿ will b¢ r¢c¢ived and the aniount can bc measu￿d rf liably.
Expenditure
LiabililiLS are rL'cognised as cxpenditsJrL' as soon as there is a ILgal or constrnctive obligation committing the charity
to that ¢X￿nd]lur¢. it is probabl¢ thal a transfcr ot"cconomic b¢n¢fils will bc r¢qUIr￿ in s¢ttl¢in¢nl and lh¢ amount
of the obligation can b¢ m¢asur¢d r¢liably. Expcnditurc is accountcd for on an accruals basis and has iK¢n classlti¢d
under heddings Ihdi aggregate all cosi re]ateil io the Laie4orJ. Where cosis cdnnul be directly diiribuied 10 partI￿uldr
headings they have been allocated to activities on a basis consistent with the use of resources.
Taxatio
The charity is exempt from Co[￿ratIOn tax on its charilable activitles.
Fllnd aecounting
Unrestricied funds can be used in accordance ￿7th the chan"tsble objectives at ihe di$¢￿tIOn of the trus￿e$.
Restricted funds can only be used for particular restricied pur￿SeS within the objecis of the charity- Restrictions
ariRe when 8peEified by the donor or when funds are raised for particular restricted purpos￿.
Further explanation of the tthtur¢ and purt)ose of each fund is included in the notes to the financiol statemei)ts.
Page 9
continued...

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts- continued
fur the YeAr E￿ded 31st December 2023
LYET INCOL¥IElffXPENDITUREI
Net incomellexpendituie) is stated after ch3rgingJ'lcreditin¥l'.
2023
2022
D¢pre¢iation - oHmed assets
TRUSTEES, REMuf*E114TION AND BENEFITS
There were T]0 Irustee5' remuneration or oiher benefits for the year ended 3 Isi Decetnber ?023 nor for the year ended
31st D¢ccmber ?022.
Tru$tee%' Èxpenses
Thcrc wcrc no trustecs, cxpenscs paid for the year ended 31si Deccmber 2023 nor for the year cnded 31st Dccembcr
2022.
STAFF COSTS
The aN'¢rage monthly number of ¢mploy¢es during the year was as follows=
2023
2022
Directors
No cmployccs rtte1v￿ emoluments in CAC￿5 of £60.0￿.
Page 10
continued...

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts- continued
fur the YeAr E￿ded 31st December 2023
TATr4GIBLE FIXED ASSETS
Fixiures
and
fittings
Computer
equipTnent
TotJls
COST
Ai Ibl January 2023 and
318t December 21123
DEPRECIATION
At Isi January. ?023
Chargc for ycar
At 31 bt Decembcr 2023
ET BOOK VALUE
At 31 It Dtccmber ?023
At 31 bt Dtc¢mber 20*2
960
13,188
5.154
6,114
7.074
960
12.228
DEBTORS: ￿lOuBlTs FALLING DUE ITrITHIN ONE YEAR
20?3
2022
Prepayments
197
197
CREDITORS: AMOUNTS FALLING DUE W'ITH1￿ ONE YEAR
20?3
2022
Bank loans and ov¢rdrdfts (stt not¢ ¥)
Accru¢d Cxpe￿s¢S
376
Page 11
continued...

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts- continued
fur the YeAr E￿ded 31st December 2023
LOANS
An analysits of the maturity of loans is giyen below:
2023
2022
Amovnls falling du¢ wiihin on¢ year on demand:
Bank overdrafts
376
ANALYSIS OF NET ASSETS BETNTr'EE.Y FUNDS
2023
Total
nds
2022
Total
funds
Unrc5trict¢d
fund
Rcstricled
Fixed assets
Current assets
Currcnt liabililics
7,074
37,104
169
4.805
850)
4,974
850)
169
MOVEMENT IN FUP4DS
Net
movement
in funds
At
At 1.1.23
Unrestricted funds
General fund
149
20
169
Restrleted fMnd$
Blank Wall
138.079)
3,955
TOTAL FUNDS
138 059)
Page 12
continued...

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts- continued
fur the YeAr E￿ded 31st December 2023
io.
MOVEMENT IN FUNDS- Contin￿ed
Net TTK)veTnent in funds, included in the above are as follows..
Incotning
resources
Resources
expended
Movement
in funds
Unre$tri¢ted funds
General fund
20
20
Restricted funds
Blank Wall
47,000
185,079)
{38,0791
TOTAL FUNDS
185 059)
38 0591
Comparlltives for moiement im funds
N¢t
Transfers
b¢tw¢¢n
mov¢mrnt
in fujids
At
31.12.22
At 1.1.22
Unrestricted funds
G¢ner¢il fund
99¥
(1.927)
1,07¥
149
Reslricted funds
Blank Ivall
43,112
{1,078)
42,034
TOT AL FUNDS
41.185
Comparalive nct movcmcni in fund& included in thc a￿￿)ve arc as follows..
Incotning
resources
Resources
e.¥pend
Movement
in fwids
Unrestricted funds
GJ¢Tal fund
(1,927)
(1,9271
ReslTie¢ed funds
Blank Wall
94.945
151.833)
43.112
TOTAL FUNDS
94.945
Page 13
continued...

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts- continued
fur the YeAr E￿ded 31st December 2023
io.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year l? montlLS combined ￿SitiOn is as follows=
et
moveineni
in funds
Transfers
beiween
funds
At
31.12.23
Ai 1.1.22
Llnrestricted fu￿d3
General fund
998
(1.9071
,078
169
Re51TiCted funds
Blank Wall
5,033
(1.078)
3,955
TOTAL FULYDS
998
A current year 12 months and prior year 12 months ¢ombined net movement in funds, included in the above are as
follows..
Incotning
rewurce
R¢sOUt¢¢5
expended
Mov¢m¢nt
in fund
Unrestricted funds
G¢n¢Tal fund
11,907)
(1,9071
Reslricted funds
Blaiik Wall
141.945
(136,912)
5,033
TOTAL FUNDS
141945
138 819)
Page 14
continued...

Leap5 and Bound5 Tru5t- Inspiring
Change Ltd
No¢¢$ to the Fin4n¢ial Stgt¢metJts- continued
fur the YeAr E￿ded 31st December 2023
ii.
RELATED PARTY DISCLOSURES
There were no related party tran5action% for the yvdr ended 31st December 2023.
Page 15

This document was delivered using electronic communications and authenticated in
accordance with the registrar's rules relating to electronic forni, authentication and
manner of delivery under section 1072 of the Companies Act 2006.