Chorlty reglstratlon number 1136978 LEAD ACADEMY Accounts for the year ending 31 March 2024 ATS CHAR TEIED ACCOUNTANTS 6 Corfield Close Flnchampstead Woklnthm Berks RG40 4PA www.atsaccountants.com Independent Examlnerfs Report to the Trustees of Lead Academy Charltable Unlncorporated Organlsatlon 1136978 I report on the accounts of Lead Academy for the year ended 31 March 2024, which comprlses the Statement of Flnanclal Actlvftles, the Balance Sheet and the related notes. espMslbllltles and ba51s of report The chariWs trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act"}. I report in respect of my examination of Charity's accounts carried out under section 145 of the 2011 Act and in carryin8 Out my examinatton, I have followed the applicable Directlons 8Nen by the Charity Commission under section 145 (5)b of the Act. Independent examlnerfs ststement I have completed my examlnatlon. I confirm that no materlal matter has come to my attention in connection with the examination which gives me cause to believe that in any material respect: {1} the accounting records were not kept in accordance wlth section 130 of the Charities Act. and (2) the Accounts did not accord with the accounting records; (3) the Accounts did not compty wlth the applicable requirements concernln8 the form and content of accounts set out in the Charitles (Accounts and Reports) Regulation 2008 other than any requlrement that the accounts give a "true and fa5r" v5ew which Is not a matter conSide￿d as part of an Independent examlnation. I have no COn￿rn$ and have come across no other matters in connectlon wlth the examination to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Sl8ned Name Ma8dalena Shotter on behalf of ATS Accounting and Tax Solutions Ltd Fellow of the Institute of Chartered Accountants of England and Wales ATS Accountlng and Tax Solutlons Ltd 6 Corfield Close, Finchampstead. Wokin8ham, Berkshire, RG40 4PA Relevant professional qualifKatlon Address Date i 202( LEAD ACADEMY Lead Academy Trustees Report 2024 The trustee5 are pleased to present their annual report tO8ether with the financial statements for the year ended 31st March 2024. The financlal statements have been prepared in accordance with the accounting policies set out in note I to the accounts and tompty with the charty's trust deed, the Charities Act 2011 and Accounting and the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. Contact detalls and trustees Lead Academy* Charity number 1136878, 6 Manor Park Drive, Flnchampstead, RG40 4XE The following trustees held offKe durfn8 the whole of the period from l April 2023 to the the date when the report was approved: Nicholas Cuthbert, James Gallagher, Chris Stoddard and Gillian Sheail. Chrlstopher Porter seNed as charty trustee from l April 2023 to 31 December 2024. No other person served as a charty trustee or custodlan trustee In the financial year in question. struC￿re. 8overnanc• and management The charty Is constltuted through a Oeclaration of Trust. The trustees are appointed and trained by the existing trustees. Declsions taken by the trustees are implemented by staff. volunteers and trustees. Rachel Roberts, Edda Llndner and Chris Stoddard were employed by the organisatlon throughout the year. Martln Wllliams, Dlrector, reslgned In June 2023. Hnanclal revlew The donations received decreased from £llOO(X) to £55CXX) durSng the year whilst the irbcome from charitable actNities decreased from £59934 to £47704. The decrease in charltable artlvltles was malnty due to a decrease in churches attendln8 learnln8 communltles. Adequate reserves are kept to facllitate an orderly wlnding up of affairs. Publlc benefit statement The charity trustees have due re8ard to the guidan￿ on public benefft published by the Charity Commission, in exercisin8 thelr powers and duties. 0￿ctIveS and actlvltles The purposes of the charity is to advance the Christlan faith In the United Kingdom and in such parts of the world that the Trustees might think fft and to fulfil such other purposes which are exclusively charitable in terms of the law of England and Wales and are related to the charitable work of the Trust. This is achieved through trainin& resourcing and equippin8 leaders so that churches may become more effective in fulfilling their vision and goals. LEAD ACADEMY Lead Academy Trustees rep￿1 (contlnued) Achlevements and p•rfomiance Learnlnz Communltles Throughout the last 12 months Lead Academy has continued its Core ministry of working with local churches and senior church leadetshlp teams from around the UK. The primary way that this happens is through groups of churches meeting for two days every six months over a 2 year period alongside mentoring of indlvidual church leaders and teams in a variety of churches and denominations during the year. We have worked with the Church of En8land's Myriad team. a lay-led church plantin8 initiative, helping them develop materials. train facilltators and have co-facilitsted some of thelr earty learning communities. We have also worked with the Church in Wales, leadin8 Learning Communfrties for their Newly Licensed Ministers and Ministry Area Teams and worked wlth the Baptist Union of Scotland In Learnin8 Communities for their member churches. Lead Academy has contlnued the Leader2Leader online Learning Community for senior leaders durin8 the year. Other a¢tlvltl•s Other activities have Included individual church leadership consultation and taster events. We have pursued potentlal opportunltles to work In partnership wlth other organisations during this year, althou8h success has been limited. Significant tlme has been taken to recruit a new member of staff after the resi8natlon of Martln Willlams, Dlrector of Lead Academy, durln8 the year. We have continued to support a dedicated team of volunteers who serve in a variety of capacities. particularly through offering mentoring and facilitating. There is a committed sroup of people who offer re8ular prayer support for the work that we are doing. Lead Academy continues to be hi8hly valued by those who 80 through thls process whlch frequently results In churches beln8 able to implement sl8nfficant change and subsequent growth. $18nature Full Name C Hftis Tofrteft l (OJ Date LEAD ACADEMY Statement of flnandal actlvltles for the year ended 31 March 2024 Unrestrlcted General fund 2024 2023 Incomlng resources Income from: Donatbons Charitable activities Interest received Total income Not 550(X) 47704 388 103092 110( 59934 274 170208 Resources expended Expendlture on: Charitable activitles 106027 111634 Total expendlture 106027 111634 Net movement In funds -2935 58574 Rec(wKlllatlon of funds Total Funds brou8ht forward Total funds carried foNard 167365 164430 108791 167365 LEAD ACADEMY Balance sheet a5 at 31 March 2024 2024 2023 Notes Current assets Debtors Cash at bank and in harbd Total current assets 383 174180 174563 1629 110233 111862 Current Ilabllltles - falllng due wlthln one year Creditors: amount fallln8 due withln one year 10133 11949 Total net current assets/{liabllltles) 164430 99913 Total net assets 164430 99913 Funds of the charlty Unrestricted 8eneral fund Totsl funds 164430 164430 167365 167365 Sl8ned by trustee on behalf of charlty Full name: C HRLJ Loflrfèrt Too/d L ( Date of approval ( Z6AJUhR¥ 2¢)zs LEAD ACADEMY Notes to the Ac¢ounts for the year endlng 31 March 2024 ACCOUNTING POUCIES a) Ba45 of preparatlon and assessment of going concern These accounts have been prepared under the historical cost convention wlth items recognised at ost of transaction value unless othenwise stated in the relevant notes to the accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice (Accountin8 and Reporting by Charities), the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Charitable Company constitutes a public benefft entity as defined by FR5 102. The Trustees consider that there are no notlonal uncertalnties about the Charlty's ability to continue as a goin8 concern. The most Signlficant area of uncertainty Is the continued support from donatlons. b) Income All income is recognised once the Charity has entitlement to the income. it is probable that the income will be received and the amounts of Income receivable can be measured reliably. Donations are included when the Charity becomes entitled to the donations and the value Can be reliably measured. c) Expendlture Liabllltles are recognlsed as expenditure as soon as there Is a legal or constructive obligation commtiln8 the Charity to that expenditure, St Ss probable that settlement wlll be required and the amount of the obll8ation can be measured rellably. All expenditure is accounted for on an accrual basis. All expenses are allocated or apportioned to the applicable expenditure heading. Furniture and equipment are capitallsed rf they can be used for more than one year and cost at least £30(K). d) Volunteer Help The value of volunteer help received is not included in the accounts but is an essential part of the work of the charity. e) Fund Accountlni Unrestrirted funds are available for use at the discretion of the Trustees In furtherance of the general objects of the charlty and which have not been designated for other purposes. fj Penslons The charlty pays contributions to stskeholder schemes on behalf of its staff. These contrlbutions are accounted for in the Statement of Financial Activities when the payments fall due. LEAD ACADEMY Notes to the Accounts fty the year endlng 31 March 2024 2024 2023 2 Vduntsry hKome Donations 55000 55000 lio( IIOLK)O 3 In¢ixM from charltsble actlvltles Membership fees Consulting income 40462 7242 47704 25556 34378 59934 4 Expendlture on ¢harftable actlvltles Induded under expendlture on tharltable acthiltles: Charltable actlvltles Facillties Speaking and facilitatbng ConsultanLy fees Webslte Advertlsing and marketing Bad debts 2632 12599 3540 198 1596 179 20744 12420 13087 29909 Support costs Accountancy Independent examinat5on Off1￿ costs 1175 1184 162 4356 5702 3437 4780 Staff Costs Salaries Employers national insurance Employers penslon contributions Travel & Subsistence Staff and trustees welfare Recruitment Training 57885 70866 3167 9305 447 505 29 71338 4188 10054 15 65 85188 Total expenditure on charitable artfvities 106027 111634 LEAD ACADEMY Notes to the Accounts for the year endln8 31 March 2024 5 Pald employees 2024 2023 Average head count durlng the year: Fundraising Charitable activities Governance Other Total full-time equivalent employees No employees recelved employee benefrts (excludlng employer penslon costs) for the reporting period of more than £60.000. 6 Payments to truste Relmbursement of trustee expenses: Travel and subsistence for 5 trustees Other expenses 3996 229 3111 Remuneration for facilitatin& speakin8 and mana8ement: N Cuthbert C Stoddard 10400 14111 9678 12576 The remuneratlon of the trustee Is In accordance wlth the Declaration of trust. 7 Debtors Trade debtors Prepayments 1264 365 1629 383 383 8 Credltors and accruals Prepaid membership and conference fees Taxation and social security Creditors Other creditors 7113 11391 2100 920 10133 558 11949 9 General fund Opening balance Surplus (Shortfall) per SOFA Closin8 balance 167365 -2935 164430 108791 58574 167365 The General fund is unrestricted and is used in accordance wlth the objectives of the charlty at the discretion of the trustees.