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
CO￿TE￿Ts
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 FOU￿DATIo1
LEG.4L AND ADMI.NISTRATIVE IIFOR.MATIO
Year ended 3] December 2024
LF.GAI. AP4TI ADmI￿lSTRATION IINFORIIATIO
Registered charity. number:
11?67?4
Compall) DU￿ber.
06661556
Trnstees
The tru5ttts. who served during the yedr and up to the dale of this report we￿.
D Grisley
D Hacken
J Th￿mp￿n
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 2￿8 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&"ith￿I (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 ti￿e activitie5 provided in the interest of social welfare. dest￿ed 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 MC￿be[S of socicry.
To a¢t #s a ￿SoUrCe foryOUng￿￿ple up to theage of25 living in Souih Afrae2by providing adNice and assistAnc
and organising programm￿ of physical. educ￿10￿21 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 FoU￿DATION.
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 pto*idcd 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.
FI￿L￿cIAL REVIEW
The golf 03v and charity au¢rion t￿k 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.
RESER￿Es 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 adeqU￿e 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 tr￿￿eeS 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¥ ￿h￿1h￿r itppliL<tblL UK ALLuuniiSL¥ SwidoTds" lia*¢ iY¥iJ fulluv¥¥iL subj￿1 Iv ￿lY IIrdLrIial d¢V￿lute￿
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 de￿CtiOn 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
Inform￿10￿ 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 DIFFERE￿CE 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 DeCem￿r 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 fUL￿CIal 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 perfOrni￿1. 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 Conn￿110￿ 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
Inconsis￿ncleS or apparent maierial missthiements. w¢ aTC required to detertnine ￿1)ether there is a Jnaierial
misstatelrhent in the fU￿ntIal giatemLnts' or # matertai misst#te￿￿ll[ of the other inforniarion. If. based on thc wotk w'e
ha￿'C perfornie¢L M'e conclude ihai there is a maierial misstale￿c￿t 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 SldLLYnl￿Ii. 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 g￿lfied 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 l￿d
from preparing a Strategic Repon.
ResponsIb￿lieS 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 la*s artd regulations. We design proecdureg in
line with our responsibilities. outlined above. to deteci Ma￿al misstaiements in respec¢ of irregularilies. including
fraud. The extent to which our proc¢dur¢s are capable of dele￿ing 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 Irreg￿￿rIlle$, 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¢ illi￿lIabIl 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 Si￿lfIcan1 fraud risk froJn our 855Cssmcnt. This is due io the
biliry 10 bypass controls through inappropri￿e expendiiure and accounung FM)licies adopied.
Some income received is re￿ricted 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 discu*std 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 un￿su￿1 or unexpec￿d 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 non￿Ompli￿nce. 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 mein￿rS
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 CoMpan￿S member5 as a b￿ly. 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 ext*ndktLtre
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 tra￿￿tiOnS derive fro￿ continuing operatiolls.
The company Ftas no reCO￿lsed 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 a￿unIS.

MAKE A DIFFERENCE LEADERSHIP FOu￿DATIo
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 DeCe￿ber 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 DIFFERE￿CE 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 res￿1 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 prcpO￿d 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 ￿e0￿e 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 [n￿l¢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 9￿￿1￿8 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 eStIm￿Cd reliably. Creditors and prol'isions arc normally recognised ai their Seftlemeni amount
dfi¢i <illuwill¥ fur any trdd¢ disLUUDL% due.
I he L'haniy only ha5 linancial a&%cib and linancial liabilitics ol- a kind ihai quality as basic tinancial
instruments. Basic tinancial instrumcats are initially leco￿l$ed ai tranwtion Yalu¢ And subs¢qu¢ntly
measured at their settlement )Trlue.
k) Taxation
Thc charity is an exefftpt charity within the meankng of %hedule 3 of the Charities Act 2011 and is considered
10 pass thc resis sei out in Pardgraph I Schedule 6 Finance Act 2010 and th¢refor¢ it m¢ets th¢ definition of a
haritabl¢ company for UK corporation PUTPOSCS.
l) Fund5
Unrestricted funds are donation5 and othcr incoming resources rcceivablc or gcncraicd for the objects of the
charit>. thitbout fi]rther spccificd PuryM￿s and gre a%?ilable as general funds.
Restricred funds are to be used for specific purposes as laÉd by th¢ donor. Unless specifically stated
othen%'ise. tbe restriction is coDsidcrcd discharged when thc ¢xpenditure has been incu￿ed.
m) Foreign currencies
Asscts and liabilities in foreiRn currencies are translated inio sierling at the rates of exchange ruling 21 rhe
balance sheet dat¢. TrdTtsaclions in foreign currencies are Efdnslaied into sterling at fixed rates deiennined by
Ihc company based on nEling ex¢hang¢ ralcs. Exchange differenLes are tsken into 2CCOLmt arriving at the net
in¢orninE rcsourccs and are accounted for in the St2temenl of Financial Activitie8_
JUDGE.%IENTS AND KEY SOURCES OF ESTIIIATIO) UN'CERTAIITY
In the applicaiion of the charitable company's aecounting policies. the TDJStees are requircd to mak¢
judgemenis. e8timaies and a&sumpiiorL% 2bout the carrying amount of a%sets and liabilities ihat are noi readily
appareni from other sources. The estimates 2nd xqsoeiated assumpiions are based on hsgtorieal ex￿ri￿n¢0 and
other fa¢tOTS thttt are considered to be relevAnL Actual r¢5uIts may differ from ihese estimates.
Th¢ ¢stimates and underlyin8 assumptions r¢vicwed on 8n ongoing b&sis. Rcvisjons to a¢counting estimates
ar¢ r¢cogniscd in the period which the estimate is r¢￿iSed ￿,here ihe rekision affects only that pcrio(L or in ihe
p¢riod of thL rciision and fijiure periods where thc re￿.IS1o￿ affects both curreni and ￿tllre periods.
In assessing the inclusion of gifts proN'ided ro the chariiv as gifts in kind ￿'1th]n financial statements. th¢
tNstees hai'e assessed the N"aluation of these gifts in kind (hrough [th"ic￿. of thc costs of purchasing these itcms
()ll the open Vllark￿.
13

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
R￿l[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 into￿e in 2023.
TRADtNG II%COWE
31 December
2024
31 December
2023
Lnrestricted
Resirieted
f￿n￿$
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 Y￿1([¢￿Ve￿¢￿)
168,643
3R.921
77.728
38.163
7,73?
6,761
14291
232
3.3$5
168.643
166.0?7
11.000
40.996
76.743
10,826
4.707
(9651
27.728
38.163
7.732
6.761
1429)
232
3.355
115
1.534
7,61
616
1.534
292.755
29? 755
317.561
There ￿ere no restricied costs of raising fi￿d5 in ?093.
CHARrfABLE AcfivITIES
31 Deeember
2024
31 December
2023
LDrestricted
fllnds
Restrleted
funds
Total flllld$
Total funds
Donation to InstittEtiOD
?10.IM)
210.000
441,876
During the year. in acconlance with its objcciii'es. the company madc don￿LOnS 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 CTr￿lty.
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 rOu￿7)ATIoN
OTES TO THE ACCOLNTS
Year ended 31 Dele￿ber 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¥re￿ber
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 a￿￿d 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 r￿￿Pect 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 CO*4SOLIDATED NET IP¥COMF. TO 144ET CASH fLOW fROM
OPE114TIYG ACTivrriES
2OZ4
2023
Plet $urplubl(deficiti for the Teponing perlDd
Adjustments for.
Ilncrcaselidecrease in debtor
Increasclldccre￿l 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