Compani. Reg15tr*tlon.%th 06661556 {F.n%land & W*les) Chartt) SO I 126724 IAKE A DITrFEREICE LF.ADERSHiP Fnv¥iDATION IA Compalli" Llmlied Bi. CLk2ranteel Try$tett Report And FlnAD¢l41 SIAtement$ F•r Th¢ Year Ettded 31 De¢emb¢r 2023 MAKE A DifFERE.%CE LEADERSHIP FOUIIDA TIOI REPORT AND FII%ANC.IAI. STATEmE￿Ts CONTENTS Page Legal aad Admlnistratfve InformAIloD Trustee5' Reports Independent Audlton, Report St*tem¢nt of Fin*Dcl•l Activllles BNIgDC¢ Sh•vt 10 Statement of Charltv Cash Flow Piotes to the Aee•uDt$ 12-18 MAKE A DIFFEREh'CE LEADERSHIP FOU￿DA TION LEGAL AI%D AD￿11￿1 ISTIL4TtVE II%FnRhlATION' Year ended 31 Deeember 2023 LEGAL AND ADMII%ISTRATION' I)FOILMATIO R¢gisiered charit). nuthber: 1176724 Company number: 06661556 Tru$tee5 Thc irllstees. who s¢rved durin8 the year aDd up w the da* of this rep(Yl. were.. LiTisI¢y D Hackc J Thompson CompgDy Secretary Siobhan Il¢xtall Alkdltor Moore (Southl LLP Suiie l. ￿Pond Floor Friary Court 13-9 l High Sirect Guildford Surrey GUI 3DG ReRlJtered om¢e FU￿b￿rroW Coith8e Foxburrow Hill Road BTRmley Oulldford Svrrcy GU5 OBU B*nk Bar¢lEys Bank plc I Churchill Plac¢ London E145HP MAKE A DIFFEREfiCE LEADEKSHIP FOLI%DATION TRLSTEES, REPORT Year elld￿ 31 December 2023 The irus*L& who are 8150 direcioT5 of thc company for thc of the Companies ACL arc pleased 10 pre5e]It th¢ir llnoual r¢pon iogdher with Ihe f￿ancial sthtern¢nts of th¢ Ch￿ltY for the year endtng 31 December 2023. The financial sthiemcnts comply with Ihe CharLILes Aci !01 l. the Companies Aci 2(K16. rhe Mejnorattdum and Anicl¢s ot Association and the StateTncni of Rccommended Prdciice- A¢¢ouniing arkd Reporting by Charitscs (SORTr 2019 (FRS 10211. STRUCTURE. COVEIknNANCE AN'D IIAYAGElfE%T Mak¢ A Difference Leadcrship Foundation IMADLFI was incortx)rnted on 31 July 2¢K18 and is governed by its Memorandwn and Arti¢les ofAsso¢iaiion amended 23 Octrthr 2￿•8. MADLF is a charithble Company limiied by and Jjot havinm a Ehare iopitoi. The day to day manag¢mettt of the charilablc Company is carried out by D Hacket¢ Tn￿le¢. Thc chariiable company is eontroll¢d by Moke a DitT¢r¢nce Leadership Foundation tD South Africa. RECRUITMEYT APID APPOIYTIIE)T OTr. IKUSJ'LLS The Board of tnisttts will scek io reL'ruit ncw member5 10 balance vwious skills r¢quired io manage the r.hirFty. as alid wliL'IL Ili¢>' feel li Is neccsbary io do so. TRUSTEE INDUCTIOY APID TRAI441YG All new DIL%lCeS grc welcomed onio thc txjard a￿j 5￿mA lim¢ meeting thc othcr members to undcTstsnd the operdtions of Ihe charity. Train￿8 i& by lllY¢￿ity. tsik)rnl to indivithd the knowledge 8V A[￿ ¢xp¢ri•nco of the indivjduol involvcd. OBJECTII'ES AIND Acfii'iTIES The chuity'5 objects are.. To advancc in lifc and help pwilc ihrouBh the Provision of.. recrcational and leisure ILm¢ activiii¢s provided in th¢ intertst of social welfare. designed 10 improv¢ th¢ ¢ondiiion$ of life. and support And aciiNilies which de%'¢lop Iheir skills. c4paciiies and capabili11￿ io cnable Ihem to partLCIP8ie in K￿letY as ma¢ur¢ Arbd responsible individLwI5. To help young people. cspeci&lly but noi exclusi%'ely through leisiJr¢-lime a¢iivilie& so as io develop their e#pubiliti¢s thot th¢y may grow to full malLtriry as individuals and mcmherq nf S￿lety. Toact asa rc50ur¢e f0ryoun8￿)plC uptothe8B¢of25 living itt South Africaby providingadvice and a55iStance and oryanising progratmncs of physical, ¢d￿allO￿al and oiher ￿tivitIeS wneAns of-. advancing tn life and helping young pwplc by dm'eloping their skills. upacilies and capabilities io enable them 10 particl￿te En sociery a5 ]nd￿ndE￿L matur¢ and reSpo￿￿ble individLhal&,' advancing edueaiion: reli¢vEng uncTnplosThenT. at)d providing re¢r¢aiional 4LrMt lei$ure-rim¢ acti¥iti¢s in in*rest of sntiAI welf*r for peoplg livin8 in th¢ area of benefit who ha%'e need by re&wn of th¢ir youth. a8e. i￿rIM11ry or disability. povety or social economic cir¢um5tances with a Yicw 10 Improving the ¢ondÈiions of life of sueh persons. Th¢ Charity is pftttripally ¢nga8¢d iii ¢he provision of funding lor the educaiion of academically tslenied but ecollomically disadvantagd youn¥ pwple in South Afri¢& In order w achieve this obJ￿1]Ve. the charily hosis an attnual golf day and charity a￿tiOn. The Trustees have complied wilh the duty in section 17151 ofthe Charttie5 Aci 2011 to have due regard io public benefit guidance pllbli5hed by the Charity CoJnmLSSÉOn. MAIKE A DIFFERENCE LEADERSHIP FOUIIDA TIO TRUSTEES, REPORT Year ended 31 December 2023 AcHIEvE,￿l￿NTs AND PERFORMANCE The monies rdised from the charithble aciivities and addiiiona] donatioThs will be fonvarded to Makc A Differenc¢ Lead¢rship Foundation in Sollih AfriL• I-MAD SA") io assisi the Fowidaiion in AclLie%'ing ITS goals. MAD SA off¢ South African youth from marginalised communitie5 a compr¢het)¥ii'e s¢holAtship which covers all iuiiion fees and relttttd inN'Dlved ￿.2¥h their hi¥h Erhool and tertiary edueatiOtt_ Tbi5 costs approximately £7.000 p¢r hibh school learner and £1 I.0￿ per ieniary SDJdcrtt. MAD SA strii'es ￿ sccure ai least 75°. of the tothl tunding for thL duration of the scholar s acadcmic carLw. This m¢ans thai MAD SA h&s a signifJ¢ar)i amounr of rcservc funds held iit any point in limo. ewet) tnote s<5 as the number of geholars grow. As ai 31 Docwnbor !0?3 th¢ro wor¢ ?961102* 7781 stholprs in loial supportol by the programme in South Africa. Among Ihem. 22 siudents successfully eompleted ihcir tcrtiary swdies and graduated from vaTiOUS uniwersities acro￿ the coun￿. while there were 27 grad￿￿eS in 2022. A ¥ranl was provided by Make A Diffcrence L¢ad¢rship Foundaiion. the 8Tant provtded for I12022- 211 hi8h school le&rners and 161202? i ?) ierliary siud¢DIS. GRANT MAKING POLICY TIIL Tru%lLLS fL'view Th¢ lknnds held annually a[￿ in pgnnership with MAU SA, dei¥m)IrtC art amount to bc paid to MAD SA grants to assisi MAD SA to coniinu¢ with its grdni acti%'iii¢s in South Arri￿. Ir4AP4LIAL KL.￿.1l'w Th¢ solt duy and chariiy au¢iion io(Trk placc durin8 *023. Th¢ chariiy raiscd £143.S64120?2 - £84.1201 from ihc Molf event and £181.110 1202? E183.8801 from th¢ charity authion. The ihaTi¢y received a funh¢r £449,673 12022 . £164.3281 from donaiions. gift aid and gitl$ in kind 8ivin8 a ￿tal amouni Tai5cd in ihe y¢aT of £774,347 12022 L432.3281. Alier co8ts of £775.632 12022 - £493J93K includinA m¢$ of £441.876 12022 282.311 I Ihe chariry mAde a Ios5 of £1.285 12022. £61.(*Tr51. RESERVES POLICY The eh&Tity plans to Jriain £75.(th in fr¢e reserv¢s being the esiimaicd cos¢ of au¢￿]4ted w'ith deposits payable in re5PLLI cil'hosiin¥ thc annual everbl8. TheTniMrèE knlie¥'e ihli this Amount is lldequ•* ¢0 covercommiited ¢xp¢ndituN at any point It) tim¢. The TrU￿e¢S review th¢ level of thhs reserve r¢8ularly and will incre&s¢ or d¢¢re45¢ the Amouni of thL resetv¢ a¢cordirt81y. FUTURE PLAP4S Thc trustees anii¢LP41¢ ihat they will eontinu¢ to raisc fun&8 from their HnDual 8olf day and auctions ￿ fund the aetivilie5 of the charity in Accordance w'ith th¢irobjrtlivLS. RISK MANAGEI1E￿T The I￿sTe¢S ￿ve ts5essed ihe m&jor risks lo which the Ctrthrity is exposed. and are satisfied that they hve $yst¢ms in pla¢¢ Iv maiia¥¢ EIIciii LITtiiiv¢ly. SY￿]r]L ti&ks EV th¢ rhadry are= The charity will only be successful in its raising aciivitie5 if it can continu¢ to draw ott the 8orA4will of the aitcnO¢es io lis annual tund rdising el'cntlsl. Should il not ￿ abl¢ to dram ot) the supry)rt of these indivsdua15 and Companies. it will bc unablc io fund its charitablc aciivitie5,' The Annual Golf Day 15 the Aa¥ship ¢i¢ni for thc Charity snd th¢ quality of ihe ¢i'cnt rnusl be maintained at its current high staodard itl order 10 ¢on¢inu¢ lo amct the high lei'cl of fin8n¢ial support from its attcndees. MAKE A DIFFEREliCE LIADERSIIIP FOUP*DATIOPi TRUSTEES, REPORT Yegr ended 31 December 2023 TRUSTEES RESPOP*SIBII.ITIES The tnLStees (who are also dIrec￿rS of Make a tlfference IAdership Foundation for the pUry￿Se5 of company 12wI re responsible for preparing the Trustees Annual R¢FM)n and the financial statements in a¢cordancc w'ith applicable law and Ut)ited Kingdotn Accounting Sthndards (United Kin¥doM Gencrally AccepiLxl Accouniing Pracriccl. Company law Y¢quires thc trustees to pr¢par¢ fmarKia] 5tstements for each financial year. which ¥ive a tnle and fair Vie￿ of ihe 51aic of affairs of tbe ¢haTithble company and of the incoming re50UTces and applieaiion ol. resources. iniluding thc income aThd expenditure. of the chariiahle tnmpathy ft)r thAt ￿rit¥1 In prepAfin8 ihese fiAooci&I SthILments. the Irusiecs ar¢ r¢quiTed io.. seieet suithble 4ccouniing policies Ind thon apply th¢m ¢onsithtly: observe the methods and principles in the Chariiies SORP ?019 IFRS 1021.. make jud¥emenis and es¢imaiLs Ihal are re&wnable and wudeni: lulr wliLIIILL uppliiabli UK ALL(Trunrin¥ s￿ndards hai'c been followe& subJ¢ct ro any material departures di%clos¢d and explained in th¢ finonciol sthtcmcnts: preparc Ihe financial sth¢emen￿ on th¢ going concern bosis unl¢ss it is snappropriatr to presume that the chanlabl¢ company will continue in op¢r81io The In￿lee5 are rewn$ibl¢ for keq>in8 4d¢qu41e ￿cOUntIng r¢eords thai dixlose wilh r¢a50nable ac¢ura¢y ai anv tim¢ thc financial posiiion orth¢ charitable company ond ¢Mbl¢ ihem 10 cn5UTe thai the finnD¢iol $tatemenTS coinply wilh th¢ COm￿nic5 Aci 2￿)6. Th¢y or¢ 41$0 rcsponsible for safegyar(lithg thc assets of ihL chorithbll Lthmpany and hencL for thkLtt8 reasonable st¢ps for the prevention atHI d¢t¢llion of fraud artd other 1￿c8uLarl1l¢s. In 50 far ￿ th¢ vusiees are awtre.. there is no relev&ni Audit informaiion of which the charitable company's auditor 1$ unaware.. and Ihe iru51ecs hjvc iakcn all steps thai ihcy oughi io have iakcn io Jnake themselves aware of any televanr audit inforniAtion and to Obthblish that tho audi￿r 1$ of thoi inform￿lon. This report has been prepAr¢d in accordance with the AttounTin8 &rKI RcrM)rtinB by Chariiics.. Statcmeni of RecommLIt) ¢d PM¢lic¢ oppli¢abl¢ to ¢h4riti¢3 pr¢pariiis tJi¢ir a¥¥vwilJ iii ￿￿)I￿￿LILL. willi Ili¥ fiiidnLiul R¢ponin8 Sthndard 10? In preparing thi.% report thc Irustees h8v¢ ¥k¢n adV￿￿$e of th¢ Small companies exemptions provided by S¢¢iion 415A ofthc Comrfflni¢s A¢1 21X)O. Approved by the Erf)aTd of tluswes and si8ned on their bch&lf. D Ela¢k¢ii Trust¢¢ g* Dale.. INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MAKE A DIFFERENCE LEADERSHIP FOU.NDATION We have attdited the f1th￿cial SLqL¢m¢nts of Make o Differe]￿¢ Leadmbip Fowidation (the 'charity'l for the year ¢nded 31 December 1023 which compribe Stslemeni of Financial AciiN'ilies. Balance SheeL c.ash flow and note5 to th¢ financ2al sknlements. Including A summllry of signifi¢ant a¢¢ouTrting rAili¢i¢s. Th¢ financial rcponing framcwork thai has b¢¢n appli¢d in ib¢ir preparation is applicabl¢ law and Uniied Kingdom Arcounting Stsndards. including FRS 10? -Th¢ Financial Re￿rtIng Standard applicablc in the UK and Republi£ of Ireland" (Unikd Kingdom Generally Acc¢pt¢d Accounting PtaGtJc¢l. In our opinion the financial statements= give a true and fair view of the stsle of the charithble comwdThy'S affairs &$ 21 31 [kC¢m￿r 2023 and of its incoming resourc¢s aTKI applicarion of rcsourc¢5. in¢ludinB irs inwme and eKp¢ndiiurc, for ihe ycnr then ¢nd¢d: hove been p￿pertY Prep￿ in accordance with Uni¥¢d Kingdom Gcnerally Ac¢ep*d Accounting Practice; have been pryred in accordAnce with the r•4uiremcnts of th¢ C¢)mp4niu Aci 2(￿. Ba515 for oplDlon We conducied our oudii in a¢cordan¢e with International Standarth on Auditing IUKI IISAs IUKII und appliLable IBW. niJT Te4r4)n£ihiliiie% iind¢Y ibov 8ixnd#rdE fiirther 1knThscril￿ in the Avdlior's rL%p)t)sibilili¢s for the gudit of the financial sthi¢m¢nts seciion of our re￿rt. Wc are indyThd¢nt of thc charithble company in accordanc¢ wilh the ethical requirL'm¢nts th81 arc rcl¢¥'&ni io our audit of rhe fLnan¢ial siai¢m¢nis in ihc UK. includin¥ the l.'RC's Eihical StandHrd. and we have fulfilled ovr ¢thic&l re6pon6ibiliiies in aecordonee w'ith thoN¢ T¢quir¢rnvnlb. Wo bolievo thot thc audit ¢videnc¢ w¢ h4v¢ obthined 15 SUtTicicni and appropri8￿ ￿ provide a basis forouraudil opinion. Cotttludons r¢l•tln¥ to 80148 ¢Oll¢trn lrt auditin¥ the financial $￿ternen￿ we have concludcd ihai the tr￿￿ees. use of the going concern basis of aecountin ITh Lh¢ pKepar41ivn *)fthE fil1u￿1￿1 >UllL'iJKiits i¥ avvivprittik. Basd on the work wc have pcrfonn¢fl. we have not idL'niificd any maicnal un¢eEtsiniics relaiing io cvcnis or Lviidiiioiib Ih*Li. individually or ¢ollttiivcly. may ¢151 slgnlfi¢ani doubt on the ¢han'¢y's ability lo continue as a going conc¢m for a ￿ri(MI of 91 l¢ast ￿tIve monihs from when thc fin￿cial statern¢nts are &uthorised for issu¢. Our r¢sponsibiliiies and the responsibilities of the trLLq*eS with reswt to 80in8 ￿ncern ar¢ described in the relevant lions of Ihis rcpon. O¢h¢r Inform*tlo Th¢ othcr infonnaiion ¢0Mpri5￿ thc iThfornuiion in¢lud¢d in Ihc annual report. otherthan ihc financial s¢otemcnls and our auditor's r¢pon ihcrcon. Th¢ tnisicc5 arc rcsponsibl¢ for thc oihcr inforn?81ion. Our opinion on th¢ financial Stalemlnis doc5 not coTr'er the other inform&tion al￿. ¢xc¢pt 10 the exlent otheNise eKpliciily stated in our re￿)rt. we do noi ¢xpres5 any fonn of 8ssuran¢e conclusion thereon. In connection with our audil of the financial 5tatCrnen￿ our r¢.8ponsibiliiy Is to read the OTher information and, in doing so. consider whether the other information is maierially inconsistent with ihc finllnr.iAI %iAt¢mertts oi. our knowl¢d¥c obi&ined in the audil or otherw'ise appea]¥ to materially mi55tatcd. If we idcntify such material in¢onsistencies or apparent material mi￿1a(C[n¢ni& we are requircd to deiennin¢ whethcr ihcre is a matcri missiaiemeni in the fin#neiRI %tArements nr 8 malerial MisSta￿￿ettl (bf the other inforni2tiott. If, baB¢d on the work w¢ have perforn)¢d. w¢ conclude thai th¢r¢ is • matcrial misstsiemenl of this other infornwion, wc are required to rcwrt that fact. W¢ have nothing to Ye￿rt this regard. INDEPENDEYT AUDITOR'S REPORT TO THE TRUSTEES OF MAKF. A nlFFEREN'CE LEADERSHIP FOUNDATION {contillutd> Opluions other mAtters prescribed bTr' the Cothp•nies Aci 2006 In our opinion. based ¢m the work undertaken in thc COLtrse of the audit.. the information given in the tnjsiees. annual repon for the financial ye4r f¢)r which the fittanciai statem¢nts &r¢ prepard 15 consist¢ni w'ith th finaTLcial staTeanents.' and Ihe truslces. amiuaj report has prepared in accordanee with applic8bl¢ l¢gal requ1￿ments. vhlcb w¢ *re required to report b!. eicepilo We have nothing to report in of th¢ follow'ing tnatters where th¢ CompaDi¢s Aci 2(KJ6 requires us to reN)rt in you If. In our ¢)ptttion'. adequate accowtting records have not been kepL or returns ad¢4tLqte fnr oiir audit have not been re¢¢iv¢d from branches not visited by w or th¢ financial stsiements arc noi in 08rttment with the a¢¢ourttin8 records and r¢tUrn5: or cenain disclosllre% thf mi¢tr*vg' remune￿10￿ by 14w ore rtoi mth.. or we ha&¢ no¢ receiv￿ all the it)fonnaiion and explanations w¢ r¢quire forour audii: or thc itw$ice5 w¢rc noi eniiiled to prqjare thc financial accordan¢e with the small companie$ rosim¢ and tok¢ odvunia8¢ of thc small coiiiimiii¥6 LxempTlon In prepsring the In¢stces' Annull Report und from prcpan'ns a Strulc81¢ Rcpon. Rtspoh$lbAlitles of tru&te¢• As cxplained morc fully in the 1rnsieLs' rthtK)n5ibiliii¢s stsiemcni sei out on pa8e 4. Ihc trusr¢¢s Iwho arc also the dir¢cioLb uf di¢ Lharirablc company for thi purw>s¢s ol. company lawl rc5wn%ible for the prcparaiion of the fin#ncial siaiLmcnts and for b¢ing 5aiisfi¢d ihai Ih¢y give a true and fair vicw. and for su¢h internal ¢Ollirol as Ihe 1111stccs d¢iLnnine is ncccssary ￿ etkable thc preparation or fina￿1￿1 $tstem¢t)ts that are free fTom maierial m15Stat¢ment, whether due 10 Iraud or ¢rror. In preparin8 the financhll sweMeft￿ the trustyes arc responsible for asscssing the charity's Ahility tn continue AÉ oing concem. disclosing. &% #pplicablc. maiters r¢l&icd 10 going eoncern and usin¥ lh¢ going eon¢¢rn b&si8 of a¢¢ouniing unless th¢ trwstces ¢iihcr in*nd io liquidat¢ the charity or (o ccay operaii0Trs. or h&ve no reAlisti¢ èlternaiivc but to do so. Audllor's responslbllltla for the audli of the ftniNrlg1 st*lerneThts Our objectives ar¢ to ob&itt reasonable 4ssuranee Bbcmji whether the financial stalemenis A5 a whole are frec from m&ieriul missiAt¢m¢nt. wh¢thcr du¢ lo fraud or crn)r. and to issue audiior'% rctA)rt thal Lnclud¢5 our opinion. Reasonabl¢ assuran¢c is a high IC￿e] of as5uran¢¢. bui LS tIOl 3 guarantee thai an audii condutid in accordance with ISA5 IUKI w'ill always dcteci a mAlcrial Mi￿¢alem¢Th1 when it exis1.%. Missthtements Can arise from fraud or error and Ar¢ considered maieMAI if. individu4lly or Èn ih¢ a88rcgat¢. thoy CL)uld reasonably be eX￿[¢d to intluence the onomic deciginns nf iiser5 lakon on the bosi8 of these fi*anci&l st4t¢ments. A further description of oyr respjnstbilitics is available on the Fimneial Rerrf)rttng Council's website At.. hm)%..Ilwww frc.or8.uklAudit¢)rsr¢sponsibilitic&. This dGxripi¢on forn]s PWI vfuur audiror-s ￿pOrt. Irregulariue& including fraud arc iThsthn¢es of non%ompliancc v4.ith laws and regulations. We design Prwedures in litte with our Tesponsibilitics. outlined 0bovL. tv missraiements in rcspe¢t ot" Irreglllarities. in¢ludin8 fraud. The exieni to which our pn)cedures a￿ Capable of dekcting irrcgularities. including fraud is dctsilLd below. IYDEPENDEYT AUDITOR'S REPORT TO THE TRUSTEES OF MAKE A DITrFERENCF. I.EADERSHIP FOUliD,*TION {¢ontthutdl ExplaDAtioD 85 to what ¢xteot the audit ￿.*5 Considered ¢xp*ble of dttetdDg irregulariti¢& includlng fraud The objeelives of our oydit in respect of fraud. are: to identify arKI as5¢ss the risks of ma*rial misstatem¢nt of th financial 51aiements d￿e to fraud.. to oblain suificieni appropriate audjt ¢i'id¢Dcc Tegarding lh¢ assessed nsks of tnalcrial mi5siaiernLnt due 10 fraLLIL. Ihruu¥h designing and implementing appropria￿ respon5¢5 10 Ih05e a5SCssed risk$: and to Tespond appropriaiely 10 insiatlces of fraud Or$￿¥peCicd traud idenrified dwing the audit. Ilowci'er. Ihe primary r¢sponsibility lorthe prei'eniion ￿ndd¢￿'110￿ of ftaudrests with IK>thrnanagemeni and those ciwged with 8overnance of ihe chariiabl¢ coMpatLy. Our appTo&ch as follows: The cn8agemeni Partt￿ s¢l¢¢tcd 5tsff for the audit w'ho had sufficient expericnce and the Tcquirthl cornpeicnce and skills in th¢ noi forprofii secior ro be able to id¢ntify or rwognise non-compliance with laws and regulaiiort We a&¥e55ed Ihe risk of irregularities as p&rt of (JUT audii plnnning. Anrt nngning review. incliidin8 du¢ to fraud. management ov¢rride was idcniified as a significant fraud risk from our asse$%merti. This is du¢ to the ability 10 bypas5 controls throu¥h inappwpriat¢ ¢xpendiiure and sceouniing policies adtsptcd. Somc Èncome T¢c¢ivcd is re$tricicd in its usc and a significant risk idcntified N'gdrdin¥ ihc correct classification of income betw'een restricied and unr¢styi¢i¢d ￿ndS and Iharth¢¢xp¢ndiitsrca¥ain&t this income whs in line with ony spe¢ified rcstrictions. We obiained att understhnding of thc l¢%al afyj regulatory rcquirement$ hppliejhlr In thv chRriry And corL%idunt du¢ aftcr any trade discount offered. PtLpymcnts are valu¢d ai the amount prepwd net of any trwk discoLWts due. 12 MAKE A DIFFERENCE LEADERSHIP FOUliDATION OTES TO THE ACcOU￿Ts Year ended 31 D¢Lvmber 2023 ACCOUTr4TJNG POLICIES (tontlnuedl bl Cgsh at b#nk and h*nd Cash ai ballk and in hand Lncludes cash and short Icnn highl>. liquid ittvcsttThcnts with short rnaturity of three month5 or less from the dale ofacquisirion or owing of the de￿5]1 or similar account. l) Creditors CT¢diiors and provisions are rcco8nis¢d wher¢ the cb2rity has a pr¢seni oblL8aiioll Tesultin8 from 8 past event Ihat w'ill probablv result tn th¢ transferof funds tn a third PRrry ihe amount due ¢0 settle ihe obli¥&tion con b¢ measured ore5tim&*d reliably. Crediiorsand provisions arc normally recognised at theirs¢rtlemeni amount aftLr all0￿.Ing for anv trade discounts due. J) Flnan¢ial In$iruments The Chdrii). only has linancial assets and fjnattcial li2bilities of a kirtd thEi qualify as basic financial instnLm¢nts. Basic financial insffiim¢nTY arc inittally rccogtLis￿l ai value and subs¢qu¢nily measured ai thcir seiil¢m¢ni valu¢. kl TAxatlon The chaTiiy is an exempt chartiy within th¢ meaning of xhaule 3 of the Charitics Aa *OI l and 15 considered IO Pll5& th¢ iesis sei our in PaTa8fdph I Schedule 6 FiDantt Aci 2010 and therefor¢ li mcffls th¢ d¢finition of a L114LLilubl¥ L4)inp4hny fof UK corporaiion tax purrM)s¢s. 11 Funds UnrtsiriciLd lunds art don81ions and other incomin8 regources r¢eeivabl¢ or 8enerated for the obj¢¢ts of thc charity withoui further 5p¢¢ifKd purposes and are availabl¢ 8s general funds. R¢8tri¢tod to b¢ u¥¢d fur sp¢EifiG laid dvwii by Ili¢ dunvr. UDl¢ss speclfl¢ally stated otherwise. th¢ rc$triciion 1$ ¢onsid¢r¢d di￿har￿cd when thc cxtKndiiwc h85 b¢cn IncU￿ed. m} Forel%D eurrencks Assds and liabiliiies in foreign ¢unYncies ar¢ tr8rtsJ&ted inio sterlkng ai the rntes of exchange ruling A¢ the balance sheet do*. Trnnsllciions itt foreign ¢urr¢ncies ar¢ iranslatcd into $t¢rlin8 ai fixed rale% dei¢rniinLd by ¥OiiLp¥ny based on rullng cx¢hafi8¢ raies. Exchan8¢ diltercnces ar¢ taken into a¢count in arrivin¥ #i thc n¥t incoming resourtts and are accoun￿ for in th¢ Siaiemcnt of FinanciAI Aetiviti¢s. JUDGEMENTS AND KEY SOURCESOF LSTlhlATIOY UYCERTAINTY In th¢ applicaiion of the charitable ¢ompany's accounting ￿11¢1< the Tn￿￿e5 arc required to rn8k¢ judBcments, ¢stimalcs and &tsumpiions atM)ui ihe carying amount of a55ets and liabiliiies that ar¢ noi Teadily apparent from oiher sour¢¢5. The estimaic5 and &*4Kiat¢d wumpiions 4re based on hislorÈcal ¢xperi¢rtce and other tactors ihgl arc considered to bc relei'ani. Aclual results mav differ from Ihesc esiimAIt8. The es12mate5 and underlying a&8umpttons ￿¢ miewedon an ongoin8bgsis. Revi510ns 10 ￿tsunting¢1timBte5 are r¢¢ogniscd in th¢ period whi¢h thc L￿tim81¢ is revi5cd Whe￿ the reirisinn xffects only th#t poriod. or it) tho period of thc TCVi5ion and fuiure periijds w'here the rei'i5ion aff￿ts. both current and future period5. In assessing the inclusion of grift8 ￿￿￿.1deA in the rhArity as In kiThd within thEsi7 finoneial staicm¢nta. th trust¢¢s hal'e assess¢d th¢ valuation of thesc gifts in kind ihrough r¢i'icw' of th¢ ro¥ts of purch85ing thcsc ii¢ms on the open markffl. 13 MAKE A DIFFERE)CE LEADERSHIP FOUII'DATiofi OTES TO THE ACCOUNTS Year ended 31 December 2023 SPONSORSHIP AND DO%ATIONS 31 Ikeember 2023 31 De¢emb¢r 2022 Unreslricted funds Restritt¢d funds T•t41 futhds Total funds Donation& pledges and S￿)n￿rShIp Gift aid Gift5 Ln kind 310.430 61.5(Kl 76.743 310,430 62.51K) 76.743 78.891 18.196 67.241 449.673 449.673 164.328 Rcstyici¥d dvnuiivll¥. luid sp￿L￿[￿liv was £Yil iii 2022. LHAKI'I'ALILL. AL'I'II'I I If*LU.ML 31 De¢¢mber 20Z3 31 December 1022 Lnrestricted fund$ Restrlcted funds T•ial funds Total funds Entry fees accommodaiion 143.$64 143.564 B4.120 Th¢r¢ no restricted charithble activities incom¢ in 2022. TRADING IYCOME 31 D•c•mb•r 31 Dgcember 2023 2022 Unres¢rlcted rund5 Rutrlrted fuDds Tot41 funds Total funds Au¢iion procthl$ 183.880 Tb¢Te was no restrfcted Ir*1Jng Income In 2022. MAKE A DIFFERENCE LEADERSHIP FObTh'DATTON IIOTES TO THE ACcOU￿Ts Year ended 31 December 2023 RAISll¥iG FUTr*DS 31 December 2023 31 December 2022 Unrestricted funds Restricted funds Tot41 funds Total fund5 Course fccs and event hire Costs 'aiv¢d fee% Golf avalon expense5 Gifts in kind Trav¢l costs Courier costs EK¢hange r8t¢ TT t'Ktwn Siindry Costs Bank chnryes BAd debis in y¢arllTKover¢dl 166.0*7 166,027 i i.o(xJ 40.996 76.743 10.826 4.707 19651 96,052 40.996 76.743 10.826 4.707 19651 21.468 67,241 5,530 7.333 1701 303 2.225 778 440 7,611 616 7.611 616 317.561 317,561 201,360 There wer¢ no restrieted costs of rnising funds in 2022. CHARITABLE ACTII'ITIES 31 December 2023 31 December 21J22 Unrestrlet¢d runds Rttirltt¢d Toigl fund5 Tot*1 funds Uonation to In￿1￿1100 441.876 441.876 282,331 During ihe year. in accordDnc¢ with itsobieciivu. thecompany mhd¢donation$of £441.87612022- £2112.331} io MAD SA. The donations mDde I￿lUdl¥j £Nil from rcsthcted funds in 2023 12022- £Nil}. OTHER COSTS 31 Deccmber 31 Decem￿1 2023 2022 U•reBtrlcied fuDd* Restritt￿l rund$ Total fuJid¥ Tvtal Audit fee Accounthncy Under acctitht 202212021 1.275 1.980 2.940 .iJu 1.560 12 1.980 2.940 16.195 16.195 9.702 There w¢r¢ no restrictcd other ¢os¢s in 2022. Th¢ wrt5ent th¢ gOvern￿Ce costs ofthe ehanty. 15 MAKE A DIFFERENCI LEADERSHIP FOUNDATIO￿, IIOTES TO THE ACCOUNTS Y¢ar tllded 31 D¢rembtr 2023 ENIPLOYEE INFORIIATIOY The directors reccivcd no cmolumcn There werc TLO reimbursed eX￿Tr5es claimed by ffitstees from the company in ehther year. The cOMp￿Y had no employc¢s in either year. io. DEBTORS 31 Decernber 2013 31 D¢cember 2021 uiher debtors Pr¢paymenis and accrucd income Amounts owed by 8roup 10,009 5,000 115,195 3.214 19,883 23.195 CRKDITORS.. AMOUNTS FALLING DIIF WITHIW nNF. YF4R 31 December 2013 31 Deeember 2022 Aliivuiiis tv MAD SA Accrua15 and deferred income 40,794 9,690 13.255 lJ,255 50.484 16- MAKE A DIFFERETr*CE LEADERSHIP FOu￿DATIoN NOTES TO THE ACCOUNTS Year 31 December 2013 12. At 31 DtteM￿ 2023, unrcstricted and r¢stricied fun(Ls are analysed as follows.. Ai l J*nuari 2023 lThcoming Resour¢e Al 31 Detember 2023 Expen Uttre5trlcted 75.123 774.347 {775,6321 73,838 Restricted Ambassador Award 10.( 10.O¢K> 85.123 774,347 1775,6321 83.838 Fund5 for the yur ended 31 December 2022 Al l J*nu¥ry 2022 Incoming Resources At 31 L)etember 2022 EJpeThses Unrestrleied 136.188 432.328 1493.393) 75.123 Resirltttd Ambassador Awkrd 10.oco 10.000 146.188 432.328 1493.3931 85,123 The restri¢i¢d fund comprikry." Th¢ AMb￿sador Award was a donaiion fwa specific award io be provided. ij. ATr4AI.YSIS OF liET A&SETS BETII'EEI FUNDS General funds Re5trl¢ted fund¥ Total thnd5 C&sh 67.210 19.883 113 ?551 lo.c￿ Other rurrent ass 77.210 19.553 113.2551 73,838 10.oThTr 83.838 #IV￿3 of Det asxts brtwetn fvr i'emr ended 31 December 21112 CeneY#l lunds Re5trlrted funds Total funds Cash Othir current Curteni Ikabilities 102.412 23.195 150.484 10,0 12.412 23,195 150.4841 75.123 10. 85,123 17 MAKE A DIFFERENCE LEADERSHIP FOu￿TIA TI0] OTES TO THE ACCOUIITS Year ended 31 December 2023 14. RELATED PARTY TRANSACTIO One of th¢ Ch8ri¢y'S trusm is also & director of Enstar IEUI L￿. Makc a DitY¢r¢DC¢ Lcaderbhip Foundation paid expenses iotalling £6.627 12022 - £Niil 10 the compony in th¢ year. No amounts wer¢ outstanding at the ycar end12022- £Nili. M2kc a Difference LeadeTship Foundaiton ¢ollecied monies tothlling £Nil ott bchalf of MAD SA 12022 - £4,994) and MAD SAcoll¢cied £•1.51X) I?01?_ £3?Slon ￿h8]f of Makc A Differencc Lead¢rship Foundation. In addition. MAD SA r￿￿*T￿ed COSES of £35.615 12077 _ £40.794i in rOSPL￿1 of th¢ solf day and auction. At 31 Dccemb¢r 2023 £3.214 included in debioTS12022- £40.794 was includ¢d in crediiorsl. There was no or ¢xpcnsos in r¢I￿lOtt to th¢ trustws. 15. CONTROLLIN'G PARTY The charity is eontroll¢d by Make A Differe[￿e Lead¢r5hip Foundaiion NPC with registration 21M)311)09386108 (MAD SAI, wljwr #4klri?b ib 43 tk'un Strcw. N¢wland& Cw Town. 7(Kl). RECONCILIATION OF CONSOLIDAIEV .%L'I' IYLUIIE .10 I%ET CASH FLOW FROM OPF.RATING,ICTII'ITILS 1023 2022 et Idtfltlt) for the reportlng ptrlo Adjustmcnts for.. Decrcuse in d¢btors IDecreLq¢yin¢rease in crediioro 11.2851 161.0651 3.312 137.2291 17.nxfi 30.045 let C8Jh provlded b). operatlnl •¢tli.l¢ 135.2Q21 111.9141 17. RLCUYCII.IATION OF NET DEBT 2023 2022 rA8h At bftnk Rnd iTh hand 77210 112,412 Nei debi at yelrend 112,412 18