Compan). Registratlon f*0. 06661556 (England & .les) Chxrlij Jo 1126724 1AKE A DIFFF.REICE LEADERSHIP FOUNDATIO (A Compatt!. Limited Bi. Guarantee) Trustees Report And FinantiAI StAtement For The Year Ended 31 December 2024
MAKE A DIFFEREINCE LEADERSHIP FOUI%DATIOIN REPORT ANID FINAI%CIAL STATEMENTS COTETs Page Legal and Administrative Informatio Trustees. Reports Independent Auditors, Report StatemeDt ol Flnanelal Act51.Itl Balan¢e Sheet Statement of Charity Cash Flow li Notes to th¢ A¢touttts 12-18
MAKE A DIFFEREN'CE LEADERSHIP FOUDATIo1 LEG.4L AND ADMI.NISTRATIVE IIFOR.MATIO Year ended 3] December 2024 LF.GAI. AP4TI ADmIlSTRATION IINFORIIATIO Registered charity. number: 11?67?4 Compall) DUber. 06661556 Trnstees The tru5ttts. who served during the yedr and up to the dale of this report we. D Grisley D Hacken J Thmpn Company Secretary Siobhan Hexthll Auditor Moore Isouihl LLP SULIL 3. SLxviid Flooi Friary Court 13.? l High Street Guildford Surrey GUI 3DG Registered office FoxbunDW Coiiage Foxburrow Hill Road Bramlcy Guildford Surrey GU5 OBL B4nk Burclavs Bank plc I Churchill Place London E145HP HSBC UK Bank plc London Bridge Brdnch 28 Borough High Street Southwark London SF.1 IYB
MAKE A DIFFEREPICE LEADERSHIP FOUTriDATIOI TRLSTEES. REPORT Year ended 31 December 2024 The trnstee5. Thho are a150 directors of the compan!, for the PUTP05es of the Companies Act, 3re pleased to present their annual report together M'ith the financial sthtements of the charity for the )ear ending 31 December 2024. The financial staiements comply with ihe Charities Act 2011. the Companies Aci 21M)6. the Memorandum and Articles of Associaiion and the Siat¢m¢nl uf R¥cummcndrd Praciic¢ - ALcvuntiDg and R¢poning by Charities ISORP ?019 IFRS 102)). STRUCTrRE, GOVERIANCE MLNAGEIIENT Make A Difference Leadership Foundation (MADLFI was incoqx)ratd on 31 July 28 And is goTr'erned by its Memorandum and Anicles of Ass0¢iaiion amend¢d 23 O¢wber 2(K)8. MADLF is a choriiable company limiicd by guardntee and not having a shar¢ eapitsl. The day to day managcmcnt of thc charitablc company is carricd oui by D HackctL Trusicc. The ctrLaritable company is controll¢d by Makc 8 Diff¢ffn¢¢ L¢od¢h1p Foundation in South Afri RECRurrMEYT APPOLYT.%IEYT OF TRtiSTEES The Board of ttU5t¢¢s will seLk to recruit ncTh memkir5 to balance various skills required to manage the eharity. as and whcn they feel it is necessary to do so. TRUSTEE INDUCTION AID TRAINI.NG AU n¢w tyst¢es wclcomcd onio thc FM)ard Wlld time meeting the other memkn to undcrstand thc opcrations of the clwity. Training is, by neeessity. tsilorwj to i&"ithI (W)etMling on thc knowledge gap5 and ¢xperience of the indiN'idual involved. OWECTIVES ACTIVITIES Th¢ clwtty's obj¢¢ts are: To adv8n¢e in life and help young people through the pmiisiort of: recreational and leisure tie activitie5 provided in the interest of social welfare. dested to improve their conditions of life. and support and activit5es whÈeh develop their skills. capacities and capabilitt¢% to enable thcm to participate in society as mature and responsible indii'iduals. To b¢lp young ]e. especially bui nol cxclusitrcly through l¢isure-tini¢ activitics. so as ro d¢velop their capabilities thai they may to full maturity as individuals and MCbe[S of socicry. To a¢t #s a SoUrCe foryOUngple up to theage of25 living in Souih Afrae2by providing adNice and assistAnc and organising programm of physical. educ1021 8nd other activities a means of.. adN'ancing in life and helping young pcoplc by dei'eloping Iheir skills. eapaciti¢s and capabilities to enable thefft to participaie in society as ind¢p¢nd¢nL malure and resp)nsible individuals. advancing education- rclicving unemployment, and proi'iding iecr¢alional and leisure-iime actii'ilies in th¢ interest of social welfare for pcople IjiTing in the aTea of benefit wbo have need by reason of their youth. age. infirniity or disability. povcrty or social economic circumstallees a i.iew lo inwrovitig the eonditions of life of such persons. Th¢ charjty is principallv ¢nga8ed in thc WVLsion of fwidin8 foi tlxe eduiuLiuIi uf 1¥MIl¢111y tdlentcd bui economically disadvantaged young wle in South Africa. In order io 2¢hici'c this objectiN'e. the charity hosts an annual golf day and charity auction. The Trnsiees haie complied wilh the duty in tion 1715) of ihc Chartties Aci 2011 to have due regard io public bcn¢fit guidance published by thc Charity Commi&sion.
MAKE A DIFFERENCE LEADERSHIP FoUDATION. TRLSTEES, REPORT Year ended 31 December 2024 ACHIEVEMENTS AYD PERFOILMANCE The monies rdised from the charitsble aciiyities and additio] dunlltions will be fo¥rded to Make A Difference L¢adership Foundation in South Africa I'MAD SA-) io assisi the Foundation in 2chiei.ing its g0215. NLID SA offers South African youth from marginalised communitiC5 a eomprehensLI"C scholarship 'hiCh Coi-crs all tuition fee5 and related costs 2ni.-olvod with their high school and tertiary education. Th15 Costs approyimatcly £7.000 pcr high school learner and £1 1.000 per tertiary student. ftr1AD SA strii'es to securL ai Icast 750/0 of the ioial funding for the duration ot the scholar's academic carecr. This means ihai M.4D SA has a significant amouni of rescrn'e funds held at any point in tim¢. ¢Y¢n mor¢ so as ihe nuwnbcr of scllolars grow. As ai 311)cccmbcr 0?4 ihcre werc 301 19023- Y961 SLhthlars in total 5UPPOrtcd by thc progrdmmc in Souih Africa. Among them. ?? Students successfully complcted th¢ir tcrtiary studÈes and graduited from I'arious univLYsiiies across the Coun.. 'hI]e ihere were. aduatcs in 023. A qrdnt was provided by Make a Difference Leadership Foundation. the grallt ptoidcd for l {2023 - 1) high school learnLYg and 1712023 - 16) t¢rtiary students. I¥lAKING POLICY Thc Trusices review the funds h¢ld annually and in partncrship with MAD SA. deierniine an amouni io be paid to MAD SA as grants io a5Sl¥t MAD SA to continuc with its ¥rani actii"ities in South Africa. FILcIAL REVIEW The golf 03v and charity au¢rion tk place during ?024. The chatity raiscd £?15.4781?023 - £143.5641 from the golf event and £180.849 {?0?- £181.1101 from the chariry auction. The charity rcceii'cd a further £206,83512023 - £449.673} from donations. gift aid 2nd ¥ifts in kind. gii'ing a iotsl amoun( raised in ihe year of £60? 712 1?023 £774.347}. After ¢ost5 of £516.015 1?0?3 - £775.6321. including grnnts of £?10.IAN)12023 - £441.876) the charity madc a surplus of £86.697 {20?3 - lo85 of£1 ?8il. RESEREs POLICY Th¢ ¢harity plan5 to retain £7i.000 in fr¢¢ F¢Tr¢S ing thc cstimated cost of associated with dcposits payable in reqpect (Jf hnsting thL ei'e.nts The Trugiees &*lieKe that th15 2rn0unt is adeqUe to covereommitted expenditure at any w)int in time. The Trustce5 rei'iew the ILI'el of this rescr%-e regularly and .]1] increase or decrease the aiT)OUnt of thc reserve accordingly. FUTURE PLM'S The trnstees onticipat¢ thut th¢y will Conttnuc to rais¢ funds from thtir annual golf day auctions to futid actiiities of the charity in accordancc with their objectii'¢s. RISK MAliAGEMIP The tru5t¢Cs hai"e akqessed rhe major risks to which the Charity is expowd. and are satisfied that th¢y have systcms in pl41¥ Iv tndnd¥¢ thLm effectii"¢lY. Specitlc risks io the chariry arc: Th¢ charity will only be 5Utcessful in its fund raising actii'ities if it can continue to draw on the goodw'ill of the attendees to ITS annual fund raising e%'ent(s). Shguld li noi be able to draw on ihe support of thes individuals and comp2nie& it will be unable io fund rts charitable activities: The Annual Golf Day is the flagship cveni for the Choriry and the quality of the ¢v¢nt must k maintained ai its current high stsndatd in order lo continue io attract the high Icvel of f]nancial support from its atlendees.
MAKE A DIFFEREI%CE LEADERSHIP FOUNDATION TRUSTEES, REPORT Year ended 31 December 2024 TRUSTEES RESPONSIBILITIES Thc tTUStCC5 Iwho are also dirLYtors of Make a Difference Lcadcrship Foundaiion for th¢ purposes of company lawl are responsible for preparing rhe Trustees. Allnual Rcpon and th¢ finlmcial staiemen(s in accordance '1th applicablc law and Unitcd Kingdom Accounring Standards Iuniicd Kingdom Generallv Accepted Accounting Praciic¢l. Comp2ny law requires the treeS to prepare financial sthtements for cach financial year. which give a true and fair vsew of the siaie of affairs of the charitable company and of ihe incoming Tesourccs and application of resources. including the income and expenditure. of the charirable company for th31 perityj. In ptrparing these financial siaiemenis. the irusiets are required io= selcct Éuit2ble aceouniing Jx)licies and then appl5, Ihem consistntly- obsen'e the methods and principles in ihc Chariiics SORP ?019 IFRS 102}- make judgemenis and esiimaies ihai are reasonable and prudeni. L¥ h1hr itppliL<tblL UK ALLuuniiSL¥ SwidoTds" lia*¢ iY¥iJ fulluv¥¥iL subj1 Iv lY IIrdLrIial d¢Vlute disclosed and explained in the financial siaiemenis- prepare the financial statements on the going concern basis unl¢ss it is inappropriatr to presume the charitable company will continue in operaiion. The trustees are responsible for keeping adequate accounting records ihat disclose wilh reasonable accuracy at any lime the financial position of zhe charttable company and enable them to ensure That the financial statements comply with ihe Companies Aci 2006. The). arc also responsible for safeguarding the assets of the charithble company and hence for takmg reasonable epS for the preveniion and deCtiOn of fraud and other irregulariiies. In so far as the tnts1 are aw'are: Ihere is no relevani audit inforn)aiion of which the charitable eornpanv s auditor is unaware: and the trustees have iaken all stcps ihat they ought to ha&.¢ taken io make themselves aware of any relevant audil Inform10 and to eÈtAblish that the 4uditor is aware of th41 inforniation. Thts rep)rt has been prepared in accordance wtrh the Accounting and Reporting by Charities: StateEnent of Recommended Pra¢tJc¢ appli¢%Lbl¢ tg ¢hwiii¢s pr¢p4ring ihcir uccounis in aceordancc with the Financial Reporting Standard 102. In preparing this report th¢ trustees have iak¢n advantsgc of thc small companies exemptions proi'ided by Se¢iion 415A of the Companies Aci •006. Approved by the board of trusth and signed on their behalf. D Hackell Trnstee Date.. 24 October ?025
INDEPENI)ENf ALI)ITOR'S REPORT TO THE TRUSTEES OF MAKE A DIFFERECE LEADERSHIP FOUNDATIO] Wc havc auditcd the f]nanci&l statLTnents of Make a Diff¢renc¥ Leadership Foundatiou (the 'charity'l for the ye0r ended 31 December 2024 which comprise Smrement of Financial A¢tii'iti¢s. Balan¢e Sheet. Cash flow. and notes to th¢ fJnon¢ial btskt¢rn¢nts. Including u summary of sisnifLQILnt acrounting poli¢1v. The finan¢ial reportJn8 framework thai has been applied in iheir prepardlion is applicablc law and unit Kingdom Accounting Sundards. including FRS 10? "The Financial Reporting Standard applicablc in the UK and Republic of Ireland" (Uniied Kingdom Gcncrally Accepted A¢countiftg Practicc). In our opinion the financial ststcmcnrs". giTr'e a tNe and fair 'lL. of thc slatc of th¢ charitablc companv's affairs &s at 31 DeCemr 2024 and of its illCOTllin¥ resources and 4)plication of resources. including its income and expeDditur¢, for the y¥ar ihen etlded: have been properly prepared ill accordallee with United Kingdom Generdlly Accepied Accounting Practice,. have been prepared in accordan¢e wÉth the requirements of the Companies Act 2(K)6. Basls for oplnlon We conducted our audit in ac¢ordan¢e with Intern21ional Standards on Auditing IUKI IISAS IUKII and applicable law. Our rosponsibllities undti thost gt#ndsrdg are Furthir described in ¢he Aiiditor's re&ponsibiliiies for the giidit of the financial statements section of our report. We arc indetKndcni of the charithblc company in accordance with the ethical requirements that are relei'ant to our audht of thc fULCIal statCEncntS sn thc UL iucluding thc FRC'S Ethical Standard. and we have fvlfilled our ethical resportsibiliiies in accordance 'ith these requirements. We belie¢ that the audit evidence we have Obtain is sufficient and appropriaie to providc a basis for our audit opinion. Conclusions relating to going concer tn auditing the financial staiement& we hase concluded that the trustees. use of the going concern basis of accounting in tsiL ufJiL" finkLnLiuI bLIL¥¥ll ib oppwpfidl¥. Based on the work we have perfOrni1. we have not identified any material uncenainiies relating to ¢v¢nts or condition5 thai. individually or colleciively. may cast significani doubt on the charity's ability to continue as a going ¢oncern for a riod of at le45t tw"¢lvc month5 from whcn thc financial slaiements are authorised for issue. Our responsibilitics and the rcsponsibiliiies ol.the In(eeS wilh respeci to going concern are described in the relevani sections of this report. Other Infonnxtloo The oiher information comprises th¢ information included in the annual rcpoTL othcr than ihe financial statcments and our auditor's retN)rt thereon. Th¢ Iru5teC5 arc rcsponsiblc tor the othcr inforniarion. Our opinion on ihe financial 5tatemcnts docs noi col'er the othLr inlomiation and. cxccpt to the cxtcnl othcrw'isc cxplicitly statcd in our report. we do not ¢xpr¢ss any fortn of a&wTance conclusion thereon. In Conn110 with our audit of the financial sthtements. our responsibility is to read the othcr inforniation and, in doing so. consider wh¢iher th¢ othcr inforniaiion is materially inconsisieni M'iih the financial statetnents or our knowledge obtsined kn Ihe audit or othcrwise apw to be mai¢rially misstated. If we identify such aterial InconsisncleS or apparent maierial missthiements. w¢ aTC required to detertnine 1)ether there is a Jnaierial misstatelrhent in the fUntIal giatemLnts' or # matertai misst#tell[ of the other inforniarion. If. based on thc wotk w'e ha'C perfornie¢L M'e conclude ihai there is a maierial misstalect of this othcr information. we are rcquired to rcport that fact. We have nothing to report in this regatd.
IPiDEPE)I)ENT AI DITOR"S REPORT TO THE TRLSTEES OF MAKE A DIFFERENCE LE_ERSHIP Fni'.%nATICfrN (continlled) Opinion5 OJI other matters prescribed by the Companie5.4ct 21)1)6 In our opinion. based on the N'ork undertaken in the course of Ihe audit: the information givLm in the ITUStees' annual report for ihc financial year for which the financial statemen rc prepared is consisieni Is'lTh Th¢ financi411 SldLLYnlIi. 4tii the trustees. annual rcpon has b¢¢n Prep in accordancc with applicable legal rwuirements. MAtter5 OD Ii'hleb we #re required to report b!. exceptfjoD We have nothing to report in respect of the following matters where the Companics Aci 2(K)6 requires us to report to you if. in our opinion.. adequate accounting records have not i) kem. or returns adequate for our audit have not bcen rcc¢ival from brdnches not Y15it¢d bv us: or the financial srarements are not in dgreemeni w'ith the accounting r¢cords and r¢tums- or certain disclosures of tru¥teos rtrmuneraiion glfied b) la xre. nni mxde.. nr we have not receii.ed all the inforniation and eiplanaiiolls we require for our audit- or the tNstees 'ere not entitled io prepare the ftnancial sraiefften in accordance with the small companics re8Jiiie alid tak.e adN'anMg¢ of th¢ small iojnpatiies exemption in prcparing th¥ Truste¢s' Annual Rcport ld from preparing a Strategic Repon. ResponsIblieS of irustees As explained more fully in the trusttts responsibilitics ststemens set out OIL page 4. the sleeS (h0 arc also the directors of the charithblc cofftpany for thc putPObeS of company lawl are respollsible for Ihe preparation of Thc financial sthiemenrs and for Ing sallsticd that Ihey give a true and fair l'le.. and for such iniernal conm)l as the trwstees detLrn)ine is necessary io enable the prepararion of financial stat¢menTS thai ar¢ free from material misst2tement. whether due to fraud or error. In preparing the financial statemcnts, the POnSiblC for assessing the ch2Tity'S ability to continue as 8 going concem. disclosing, as applicabl¥. matters related to going conccm aTSd usino the going ¢oncern basis of accounting unless the trustees either intend to liquidaie the chariry or to cease OF¢rntions, or have no realistic altemati%'L bul to do so. AuditOT'5 re5pDn5ibilities for the audit of the financial Statements Our objeciiyes are to obtsin reasonable &ssurdnce aboui whether the financial statements. a whole are free fro mat¢rial misstatemenL whether due to fraud or error. and to issue an auditor's report thai includes our opinion. Re.AqnnAhlp %gqiJrnnp is A hioh of 4sskir2nrp. biit Is not A giiArnntpp. thAt 2n aiidit c.ondiic.te.d in accordance with ISAS IUK) will always detect 2 malerial misstatement w.hen il exists. Misstatements can arise from fraud or error and are considered maierial if. indii'kdually or iTE the aggregate. rhev Could reasonably be expectLul to influett¢e the eeonomse dtrcjgions of users tskcn on the bgsEs of these financial wremLnts. A further description of our rLsponsibilities is available on the Financial Reporting Council's website at.. https.'ilw4vv.frc.org.ukJauditorsresponsibilities. This dtscription forms part of oui auditor s r¢port. Irregularities. including fraud. a instances of non-compliance with las artd regulations. We design proecdureg in line with our responsibilities. outlined above. to deteci Maal misstaiements in respec¢ of irregularilies. including fraud. The extent to which our proc¢dur¢s are capable of deleing hrregularitie5. including fraud is dethiled below.
ll%DEPENDENT ALIDITOR'S REPORT TO THE TRUSTEES OF MAKF. A DIFF"F.RF.NCE LE.4DERSHIP FOUND.4TION (continued) Explanation as to wbat ettent the audit Was ¢onsAdered capable of detecting IrregrIlle$, Ineluding fraud The obje¢iii'es of our audit in respect of fraud. are- to identify and asse&£ the risks of m2teri21 misststemeni of the rxnancial siatements due to fraud: io obtain sufficieni appmpriaie audii ei'idence r¢garding ihe dssessed risk% of matcnal mi531attmcft( duc io fraiid. through dL%i8ning ond impl¢menting appropriate responses ro ihos¢ assc4s¢d risks: and io respond appropriaiely 10 insiances offraud or suspected fraud ideniified during ihc audii. Ho¢¥¢[. th¢ primary responsibiliry for the prc&'cntionand d¢tion0[ fraud resis M'ith IM)th Enanagcmcnt and those charged with govemancc vf Ili¢ illilIabIl coiiipaiiy. Our approach was as follows: The cngagement partnif selected staff for the audit w'bo had sufficient experience and the required competence and skills in ihe not for profit sector io be able io ideniify or recognise non-compliance withlaws and regulaiions. We assessed the risk of irregularities as part of our audii planning. and ongoing review. including due to fraud. Tnanagcmcnt oi"eTride identified as a SilfIcan1 fraud risk froJn our 855Cssmcnt. This is due io the biliry 10 bypass controls through inapproprie expendiiure and accounung FM)licies adopied. Some income received is rericted in its usc and a 5ignifi¢ant risk wa5 id¢ntified regarding the correct lassifi¢aiion of income behveen resrricied and unrestricted funds and thattheexpendituie against this income w&g in line w'ith any S¢111¢d restrictions. We obrained an understanding of the legal and regulatory requirements applicable to ihe chariry and considered the mosr significant 10 be CompaniLS Act ?O(K. Chs)riiies Aci )01 l. the Chariry SORP. UK financial reponing standards as issued bv rhe Financial RetM)ning Council and Gift Aid complian¢¢. We considered how the company complies with thes¢ requirements by discussions wilh those charRed with govemance. We ettqLiired of ihoge charged with go"emance as io afty known Invanc of non-compliAnc.e. or SiFspee.red non-compliance 1[h laws and regulaiions. Consideration u'as also made of the internal controls in place to miiigate the significant risks. We assessed the conirol environmenL documenting the sysiem& conirols and processes adopt¢d. The audit approa¢h in¢OTpofdi¢d a combinaiion ofanal)li¢al and substaTEiik'e procedures. involi'ing iesLs of iTansacrioDS and balances. Any irregularititt n(btcd wert discustd with mttnagcm¢nt 4nd additional cotroborative evidence was obthined as required. In rcspons¢ to th¢ risk of fraud due io management override we: perfom)¢d Bnalyti¢al procdur¢s to idcnlify any unsu1 or unexpecd relationships. tcst¢d Journal ¢ntri¢s io idcnrity any unusual rransaciions= tested a &wJple of expenses in the year. confinning appropriate expenditure for the clwitable comp2uy,' rcvlc.¢d tran58Ction5 with relaied panies in particulartransaciions with eniiiies with common ownership and Trustces; and. reviewed the disclosures in the financial siaiements io ensure ihey med the requtremenis of the aecountiryg standards and relevant legislation.
II%DEPENDENT.4UDITOR'S REPORT TO THE TRL,STEES OF IAKE A DIFTr ERENCE LEADERSHIP FOliNDATION (CUDtiDutd) In rcspons¢ to th¢ rlassification of income and cxpenditurc b¢tween striCted and unrestrictcd we: agreed a sample of income recordcd in the nomtnal l¢dg¢r to sourcc documcntation to ¢nsur¢ any resirictions w¢re ¢orrecily ideniificd. agreed a samplc of Cxpcnditurc pu the nomTnal ledgcr io sup[1ng documentillion. confirniing any resrricrion appli¢d mci the purpose for hich the inwmc w'&s giN"en; and revÉewed the cliÈnt analysi* tsf re%tritied fimds for any rntsallocations of income or expenditu. There are inherent limTtations in our audÉt pTocedures described aFM)i'e. The more removed laws and regulations re from financial tr2nstLCtions. tht less likely it ts that 'e would becoTn¢ ll.re of nonOmplince. Auditing standgrd% a150 litnit the audit procedures required io identify lloll-COTnpliancc M'Èth la.$ and regulaiions to enquiry of th¢ directors and oiher manag¢m¢nt and th¢ inspection ofregulaiory and legal CortCSP)E¢ACe. if any. Material misstai¢m¢nls that arise due to fraud can be harder to detecl than those that arise from error as they may involvc deliberate concealmeni or collusion. We communicate with those charged with governgnce regardin& among other maryers. the planned scope and timing of ihc audit and sigrtificant audit findings. including any significant deficicncic5 in internal control that we identify during our audiL Use of our report This report is made solely to the charithble company's members. as a body. in accordanc¢ with Chapt¢r 3 of Part 16 of ihe Companies Act 7006. Our audit work has been Undertaken so that we might slate to thc ¢omparty's meinrS those matters we #re required to Sta lo them in an audiiof g report and for no other pu4)ose. To the fullesi ext¢nt pemiiiied by law. we do noi accept or rne responsibilitv to any party other than The charitable company and charitable CoMpanS member5 as a bly. for our audil Work. for thÉs reporL or for the opinions we have fortned. Matthew Bather (Senior SianEiOry Audirorl Foi and on b¢haifof Moore (South) LLP. Statutory Auditor Suite 3. SecoTtd FSoor Friary Court l3-? l High Street Guildford Surrey GUI 3DG z4d OctsSo& 2025
MAKE A DIFFERE)CE LEADERSHIP FOUI%DATiof STATEMENT OF FII%AISClAL ACTIVITIES (including summarv income and expenditure account) for the )'ear ended 31 December 2024 31 December 31 December 2024 2023 Unrestricted Restricted funds funds Total funds Tot¥41 funds COME EYDOWN.%IENTS FROM: Donations 2nd legacies Charitablc aciivities Tradin8 in¢om¢ 206.385 215.478 180.849 206.335 215.478 180.K49 449,673 143.564 181.110 TOTAL INCOME 602,712 774.347 EXPENDITURE O): FundT&ising costs Charitable 2¢tiTr'ilies Other extndktLtre 29?.755 ?10.000 13.260 292.755 210,000 13.260 317.561 441.876 16.195 TOTAL EXPENDITURE 516.015 516.015 775.632 'I' UU'l'Wl.l*G LXYLryIJI"I"UKL 80.097 80.697 11.2851 FLYD B.4L.4N'CES BROLGHT FORWARD FROM PRIOR YEAR 73.838 10,(KJO 83.838 ¥5.123 FUND BALA)CES CARRIED FORW'ARD AT END OF I'F.AR 12 160.535 10.000 170,535 83.11311 All tratiOnS derive fro continuing operatiolls. The company Ftas no reCOlsed gains or losses other than those included in the Staiement of Financial Activities. The notes on pages 12 to 18 form an integral of these aunIS.
MAKE A DIFFERENCE LEADERSHIP FOuDATIo BALALNCE SHEET at 31 December 2024 JI December 2024 31 L)e¢ember ZiIZ3 CURREP*T ASSETS Debiors Cash at bank and ill hand 10 44.470 375.?45 19.883 77.210 419.715 97,093 CREDITORS: amounts falling due within oThe year 1?49.180) 113 ?551 ET ASSETS 170.535 83.838 THE FUTr4DS OF THE CHARITY Unrestrictcd futMIs Resrricted funds 160.535 10.000 73.838 10,000 12 TOTAL FUliDS 170.535 83.838 The finan¢ial sratements were approv¢d attd authorised for issue by thc Board on 24th October 2025. Signed on bchalf of tbe Board of Direciors D 14ack¢tt Direeior Company Number 06661556 The notes on pages 12 to 18 forn) iniegral part of th¢s¢ cOunt& 10-
MAKE A DIFFEREINCE LEADERSHIP FOUJDATION STATEMEINT OF CHARITY CASH FLOW Year ended 31 Vecember 2024 31 DeCeber 2024 31 December 2023 Note C95h flows from oper*TlThg octlvliles Net cash proi'idcd by operating actiN'ities 16 298.035 135.2021 Net cash provlded bv fillalleing aetii'ities ?98.035 135,?0?I Change in cash and cash equÉval¢nis in the r¢porting p¢riThJ 298.035 (35,202} Cash cash cquii'alents at the bcginning of the reporting period 77.210 12.412 CAsb and cash equivalents at the end of the reporting period 375.?45 Cash ai bank and in hand 375.245 77.210 Thv pagL7 1 ? 10 16 form an integrdl part of these aceoiwt&
MAKE A DIFFERECE LEADERSHIP FOUNDATIO INOTES TO THE ACCOUNTS Year ended 31 December 2024 ACCOUNTIP#G POLICIES a) Company s¢tus The Lompdny is li)1 by guarantec and has no share capital. Thc company 15 ineorporated in England & Wales. The members of thc ¢ompan)' are the TNsiccs nam¢d on pagc l. In the ei'cnt of the eompany being wound p. the liabiliiy in res1 of Ihc guarantee i5 limiied io £10 mctnbcr ol-the company. Thc addrL'SS of the registered office is gil'en on p3g¢ l of these financial slatcfftcnts. The nature of the charity's op¢fdtions and principal actii'ities are exp]ain¢d in the TrllS ReporL b) Bxsis of prepAr%tion Th¢ tinan¢ial 51aiemcnis hal'c bccn prcpOd in accordancc the charity"s goierning document. thc Companies Act ?006, FRS 10? 'The Financial Reporting Standard appliiable in the UK arld Republic of Ireland" I'FRS 10?"} and thc Charities SORP "Accounting alld Reporting by Charities= Staiemcnt of Recommended Practice applicable io charities preparing thcir accoull in accordance M-ith thc Finxnci81 Reporting Standard applicable in the LK and Rcpublic of Ircland IFRS 1021" IEffeciii'e l JanuaTr 1019). Th¢ finan¢ial siaiements are prepared on a going concern basis under the historical cosi convention. Th¢ financial statements are prepared in erling which is the funrtional currency and have been roundcd to the ncarc5t pound. The cbariiable company Tnects thc dcfinition of a public benefit eniiry under FRS 102. Assets and liabilities are initially reco8nised at historical cost or tranwtion I'alue unless oihenvise stated in the rclcvAnl aet()itftting policy or nole. ¢1 GoiDg ConeerD The accounls have been prepared on a going concern basis. The directors have Sufficient funds to mect their obligaiions at the ycar end. and thc Golf Day has bccn organised in 2025 to rdise fimds to suptrf)rt their d) Income Donation5 are aceounied for knen the charity is entitled io the don81ion. Event Lncome atMI e0e from auctions accoullted for when receivable. e) Expendlture EKp¢ndilure Jb re¢ognised on an atrnials basis and is inclusive of trrecovernble VAT. Charirable expcnditurL comprises those costs incurred by thccharity in the delii'¢ryof its &Cliviti¢S and sery1$ for ils bcn¢ficiaries. Donations made by the chariiable company are accounted for when either the recipient has a reasonable expectation that ihcy .11] re¢eii'e Lhe donaiion and the [nl¢eS hal'e agreed to pay the donation. without Lvndi¢ion. vr thc ILYipicni has a rc8sollablc cxpecthtiOD that thcy will rcccivc the donation and any condition Lttaching to the donation is outside the contTril of the charirable company. Cnst t)f rai%ing ndS irttltsdLY ihno tn%L% whith are with rni&in8 fiindE fthr ihÈ th#rity. knth in re4pect of donations and the cost of the annual golf day. Other expenditure reprcscnis th0 iiems not falling into any other heading, and include all cosrs relating to the public accouniabiliiy of the Lhatity its. Lompliauce 1th Eood practicc. Gifts in kind Where the charity receives donatd auction prizc& the tru5tc¢s attcmpt lo place a value on thcsc to bcsi reflect what the cost of acquiring this PTize would otherwise be. This value is then shoNm within donations ¢osls of Ecneraiing funds. Debtor5 Trxde. and otheF debior5 are recognised at ihe settlerneni amoisni diie after any trade discount offered. Prepaymenis are i'alued at th¢ amount prqwid tt¢t of any trade discouuts due. 12-
MAKE A DIFFERENCE LEADERSHtP FOUNDATION
OTES TO THE ACCOLJTS
Year ended 31 December 2024
ACCOUYTING POLICIES (contiDued)
h) Cash at bank and in hand
C2sh ai bank and in hand illcludcs cash and short term highly liquid investlnents with short maturity of three
months or less from the datc of acquisition or 918 of thc deposit or SiTnilar account.
i) Creditors
Crediiors and provissons are recobmlstd where the charity has a pr¢s¢ni obliqaiiort resuliing from a past ¢v¢nt
that 111 probably result in the transfer of funds io a third parry and the amount due io seiile the obligaiion can
be measured or eStImCd reliably. Creditors and prol'isions arc normally recognised ai their Seftlemeni amount
dfi¢i
MAKE A DIFFERENCE LEADERSHIP FOUNDATION NOTES TO THE ACCOLI%TS Year ended 31 December 2024 SPOISORSHIP A,ND DVNA"I'IUIYS 31 December 2024 31 December 2023 Unrestricted funds Re5tri¢ted funds Total fun(ts Total funds Donations, plcd8¢s and srA)nsorship Gift aid Gifts in kind 148.717 19.505 38.163 148.717 310.430 62.500 76.743 38.163 206.385 206.385 449.673 Restticied donations. pled8es and sponsorship £Nil in 20?3_ CHARITABLE ACTIVITIES CoME 31 December 21124 31 December 21123 Rl[li1£Y1 fuDds fund5 Total funds Totsl fund5 Entry fees alld aceoffjTn<)dation 15.478 215.478 143,564 There w&$ llo restricted eharitsble activities intoe in 2023. TRADtNG II%COWE 31 December 2024 31 December 2023 Lnrestricted Resirieted fn$ To¢41 ndS Total fuDd$ Auction pmeeeds 180.849 180.849 181.110 There was no restrscted trxding income in 2023. 14-
MAKE A DIFFEREN'CE LEADERSHIP FOUNDATION OTES TO THE ACCOLNTS Year ended 31 December 2024 RAISING FWIDS 31 December 2024 31 December 2023 Unrestricted funds Restrlcted fund5 Totsl funds Total funds Course fees and event hire eosts Waived fee% Golf auction expenses Gifis in kind Trai'el costs Courier costs Exchange rate IT experLse5 Sundry COSL Bank charges Ilad d¢bis Y1([¢Ve¢) 168,643 3R.921 77.728 38.163 7,73? 6,761 14291 232 3.3$5 168.643 166.0?7 11.000 40.996 76.743 10,826 4.707 (9651 27.728 38.163 7.732 6.761 1429) 232 3.355 115 1.534 7,61 616 1.534 292.755 29? 755 317.561 There ere no restricied costs of raising fid5 in ?093. CHARrfABLE AcfivITIES 31 Deeember 2024 31 December 2023 LDrestricted fllnds Restrleted funds Total flllld$ Total funds Donation to InstittEtiOD ?10.IM) 210.000 441,876 During the year. in acconlance with its objcciii'es. the company madc donLOnS of £210.(KM)12023- £441.8761 lo MAD SA. The donaiions made included £Nil frojn rewicted funds in 20?4120?3 - £Nill. OTHER COSTS 31 Deecmber 2024 31 D¢t¢mber 2023 Unrestricted funds Re$¢ri¢ted Total fullds Tolxl Audit fee AccoLSntancy Under acctued 11.610 1.650 11.610 1,650 11.275 1.980 2,940 13.260 16.195 There were no restricted other costs in ?023. I he above costs represent the governance costs of the CTrlty. 15
MAKE A DIFFERENCE LEADERSHIP FOUNDATIOIY IIOTES TO THE ACCOLI%TS Year ended 31 December 2024 EIKPLOYEE IYFORMATIOL The directors received no emoluments. EX)seS 10thS1ing £[M) were claimed in year relating to one trustee (2023: £nill. The company had no employees in ¢ith¢r y¢ar. 10. DEBTOIL 31 December 2024 JI December 2023 uiher debiors Prepayments and accrued income Amounts ts'ed by Eroup Ib.b09 43.360 3.214 44.470 19.883 CREDITORS: AI%lOUliTS FALLING DUE IIITHIN ONE YEAR 31 December 2024 31 December 2023 Amoui115 due io MAD SA Accrnals and deferred income 235.9?5 13.255 13,255 )49.180 13255 16-
MAKE A DIFFEREI%CE LEADERSlliP rOu7)ATIoN OTES TO THE ACCOLNTS Year ended 31 Deleber 2024 12. At 31 Ikc¢mber 20?4. unr¢striGicd and tt%tri¢ted funds are analyscd as follows: At l IDeoming Resources At 31 December 2024 2024 Expenses Unrestricted 73.838 1516,015) 160,535 Restricted Ambassador Award 10.0 10.000 83,838 602.712 (516,015) 170,535 Funds for the year ended 31 December 2023 AI l Ai 31 D¥reber 2023 Resource5 Expenses 2023 Unrestricted 75.1?3 774.347 1775.632} 73,838 Kt5tricted Ambassador Award 10.0 10,000 85.1?3 774.347 1775.632) 83.838 The restricted fund comprises: The Ambassador Award was a donaiion for a 5pccific ad to bc ptovid&i 13. 'ALYSIS OF NET ASSETS BEThI"EEIN FL.NDS General Restricted funds Total flllld$ Cash 365,?45 44,470 1249.180) io.0 375.)45 44.470 1249.180) Oth¢r ¢UTr¢nt assets Current liabilities 160.535 10.o(K) 170.535 An#lvsi5 of net assets betts.eeu funds for the >ear ended 31 Deeember 21123 General funds Restricted lund$ 'l-otal funds Cash Other currenr 25S¢ts Current liabiliti¢s 67.?10 19.883 (13.?551 10.0 77.210 19.883 113.255) 10.oc 83.838 17-
MAKE A DIFFERENCE LEADERSHIP FOUI%DATIOI OTES TO THE ACCOUINTS Ycar cnded 31 December 2024 14. REL4TED PARTY TRLSSAcfio&Y On¢ of the Chariry's iTusiees is also a director of Enstar ffu) L. Make a Difference Leadership Foundation paid ¢xpcnscs ioialling t.Yil12U73 - £b.627) to th¢ company in ihe year. No amounts were ouistanding at the year ¢nd12023 - £Nil). Make a Difference Leadership Fowidalion Collect monies ts)tslling £Nil oll behalf of MAD SA12023- £Nil} and MAD SA collected £14.4051?0?3 _ £?1.500) on behalf of Mak¢ A Diffcrcncc Lcadcrship Foundation. In addilioD. MAD SA recharged costs of £4J.5441?023 - £35.6151 in rPect of thc golf day and auction. At 31 Decernbcr ?014 £135.97 -) was included in creditot51fj0?3 _ £3.)14 'as includcd in dcbiorsl. There was no remun¢raiion or expenses in relaiion the MLsiees. 15. CONTROLLThG PARTY The chartty is controll¢d by Make A Difference Lead¢rship Foundation WC with registration 20031009386108 IN(D SAI, hOse addrLSs is 43 De2n Stroct, Nou.lands, Lape Toum. 70(N). 16. REC0Tr4CILIATION Ofr CO4SOLIDATED NET IP¥COMF. TO 144ET CASH fLOW fROM OPE114TIYG ACTivrriES 2OZ4 2023 Plet $urplubl(deficiti for the Teponing perlDd Adjustments for. Ilncrcaselidecrease in debtor Increasclldccrel in credito 86.697 11.285) 1?4.587) ?35.9?5 3.31? 137.2291 L%et cash pro*4ded operating a£tlvltles ?98.035 135,?021 17. KLCU,NCILIATION OF NET DEBT 2024 2023 CL8h at bank and in hand 365 ?45 77.?10 Net debt ai year end 365.245 77.210