_**Charity registration number 1136978**_ ## **LEAD ACADEMY** **Accounts for the year ending** **31 March 2025** 6 Corfield Close Finchampstead Wokingham, Berks RG40 4PA www.atsaccountants.com Independent Examlnerfs Report to the Trustees of Lead Academy Charitable Unlncorporated OrganisatSon 1136978 I report on the accounts of Lead Academy for the year ended 31 March 2025, which comprises the Statement of Financial Activities, the Balance Sheet and the related notes. Responsibllltles and basis of report The charitys trustees are responsible forthe preparation of the accounts in accordance with the requirement5 of the Charities Act 2011 {"the Act"). I report in respect of my examination of Charity's accounts carried out under sertion 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515lb of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matter has come to my attention in connection with the examination which gives me cause to believe that in any material respect: (11 the accounting records were not kept in accordance with section 130 of the Charities Act. and 12) the Accounts did not accord with the accounting records; {3) the Accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. Signed Name Magdalena Shotter on behalf of ATS Accounting and Tax Solutions Ltd Fellow of the Institute of Chartered Accountants of England and Wales ATS Accounting and Tax Solutions Ltd 6 Corfield Close, Finchampstead, Wokingham, Berkshire, RG40 4PA Relevant professional qualification Address Date ## **LEAD ACADEMY** ## **Lead Academy Trustees Report 2025** The trustees are pleased to present their annual report together with the financial statements for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity'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 details and trustees** Lead Academy, Charity number 1136878, 6 Manor Park Drive, Finchampstead, RG40 4XE The following trustees held office from 1 April 2024 to the date when the report was approved: Nicholas Cuthbert, James Gallagher, Chris Stoddard and Gillian Sheail. Martin Williams served from July 2024 to the date the report was approved. Christopher Porter served as a trustee from April to December 2024. No other person served as a charity trustee or custodian trustee in the financial year in question. ## **Structure, governance and management** The charity is constituted through a Declaration of Trust. The trustees are appointed and trained by the existing trustees. Decisions taken by the trustees are implemented by staff, volunteers and trustees. Adam Eakins, Rachel Roberts, Edda Lindner and Chris Stoddard were employed by the organisation. ## **Financial review** The donations received decreased from £55000 to £41559 during the year whilst the income from charitable activities decreased from £47704 to £26258. The decrease in charitable activities was mainly due to the delay in appointing a new member of the staff team for a year, which subsquently decreased the opportunity for proactive marketing of Learning Communities. Some key planned partnerships were also delayed, further reducing income from our charitable activities. Adequate reserves are kept to facilitate an orderly winding up of affairs. ## **Public benefit statement** The charity trustees have due regard to the guidance on public benefit published by the Charity Commission, in exercising their powers and duties. 3 LEAD ACADEMY Lead Academy Trustees report 2025 (contlnued) Achievements and performance ob￿ctIveS and activitles The purposes of the charityls to advance the Christian faith In the United Klngdom and in such parts of the world that the Trustees might think fit 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 equipping leaders so that churches may become more effective in fulfilling their vision and goals. Le•mln8 Communltles Throughout the last 12 months Lead Academy has continued its core ministry of working with local churches and senior church leadership 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 individual church leaders and teams in a variety of churches and denominations during the year. We have spent time developing relationships with other organisations who work with churches in the UK which we expect to increase our charitable activities in future years. In particular, we have worked closelv with two key denominational organisations to develop new Learnin8 Communities as well as continuing work wlth the Church in Wales, leading Learning Communities for their Newly Licensed Ministers and working with the Baptist Union of Scotland in Learning Communities forthelr member churche5. Other actlvities have included Individual church leadership consultations and webinars. We have continued to develop a dedicated team of volunteers who serve in a variety of capacitie5 and particularly support the work through offering coaching and facilitatin8. There 15 a committed group of people who offer regular Prayer support for the work that we are doing. Lead Academy continues to be highly valued by those who 80 through this process which frequently results in churches being able to implement significant change and subsequent growth. Siinature Full Nam• & A-L￿&￿￿.. Date ## **LEAD ACADEMY** ## **Statement of financial activities for the year ended 31 March 2025** |||**2025**|||**2024**| |---|---|---|---|---|---| |||**£**|||**£**| ||||**Unrestricted**||**Unrestricted**| ||||**General**|**Restricted**|**General**| |||**Total**|**funds**|**funds**|**funds**| |**Incoming resources**|**Notes**||||| |**Income from:**|||||| |Donations|2|41559|25000|16559|55000| |Charitable activities|3|26258|26258||47704| |Interest received||4721|4715|6|388| |Total income||72538|55973|16565|103092| |**Resources expended**|||||| |**Expenditure on:**|||||| |Charitable activities|4|110466|110466||106027| |Total expenditure||110466|110466|0|106027| |Net movement in funds||-37928|-54493|16565|-2935| |**Reconciliation of funds**|||||| |Total Funds brought forward|9|164430|164430|0|167365| |Total funds carried forward||126502|109937|16565|164430| ||||||| 5 LEAD ACADEMY Balance sheet as at 31 March 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand Total current assets 6438 125290 131728 383 174180 174563 Current liabllities- falllng due wlthin one year Creditors: amount fallin8 due within one year 5226 10133 Total net current assets/(liabilities) 126502 164430 Total net assets 126502 164430 Funds of the charity Unrestricted general fund Restricted fund Total funds 109937 16565 126502 164430 io 164430 Slgned by trustee on behalf of charlty Full name: Date of approval ## **LEAD ACADEMY** ## **Notes to the Accounts for the year ending 31 March 2025** ## **ACCOUNTING POLICIES** ## **a) Basis of preparation and assessment of going concern** These accounts have been prepared under the historical cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice (Accounting and Reporting by Charities), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charitable Company constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no notional uncertainties about the Charity's ability to continue as a going concern. The most significant area of uncertainty is the continued support from donations. ## **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) Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses are allocated or apportioned to the applicable expenditure heading. Furniture and equipment are capitalised if they can be used for more than one year and cost at least £3000. ## **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 Accounting** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objects of the charity and which have not been designated for other purposes. ## **f) Pensions** The charity pays contributions to stakeholder schemes on behalf of its staff. These contributions are accounted for in the Statement of Financial Activities when the payments fall due. 7 ## **LEAD ACADEMY** ## **Notes to the Accounts for the year ending 31 March 2025** |||**2025**|**2025**|**2025**|**2024**| |---|---|---|---|---|---| |||**£**|**£**|**£**|**£**| ||||**Unrestricted**||**Unrestricted**| ||||**General**|**Restricted**|**General**| |||**Total**|**funds**|**funds**|**funds**| |2|**Voluntary income**||||| ||Donations|39862|25000|14862|55000| ||Gift Aid|1697||1697|| |||41559|25000|16559|55000| |3|**Income from charitable activities**
Membership fees
Consulting income|24113
2145|24113
2145||40462
7242| |||26258|26258|0|47704| |4|**Expenditure on charitable activities**
**Included under expenditure on charitable**
**Charitable activities**
Facilities
Speaking and facilitating
Advertising and marketing|**activities:**
1275
11281
12595|1275
11281
12595||4402
12420
13087| |||25151|25151|0|29909| ||**Support costs**
Accountancy
Independent examination
Office costs|1143
174
1936|1143
174
1936||1175
168
3437| |||3253|3253|0|4780| ||**Staff costs**
Salaries
Employers pension contributions
Travel & Subsistence
Staff and trustees welfare
Recruitment
Training|67106
6934
6760
506
756|67106
6934
6760
506
756||57885
3167
9305
447
505
29| |||82062|82062|0|71338| ||||||| ||Total expenditure on charitable activities|110466|110466|0|106027| 8 ## **LEAD ACADEMY** ## **Notes to the Accounts for the year ending 31 March 2025** |**5 **|**Paid employees**|**2025**|**2024**| |---|---|---|---| |||**£**|**£**| ||**Average head count during the year:**||| ||Fundraising||| ||Charitable activities|1.5|1.5| ||Governance||| ||Other||| ||Total full-time equivalent employees|1.5|1.5| |6|No employees received employee benefits (excluding employer pension costs)
for the reporting period of more than £60,000.
**Payments to trustees**||| |7|Trustee expenses:
Travel and subsistence for 3 trustees
Other expenses for 1 trustee
Remuneration for facilitating, speaking and management:
N Cuthbert
C Stoddard
Pension
C Stoddard
The remuneration of the trustees are in accordance with the
**Debtors**
Trade debtors
Prepayments|1986
3996
4
229
10786
10400
13887
14111
720
Declaration of trust.
6197
0
241
383|| |||6438|383| |8|**Creditors and accruals**
Prepaid membership and conference fees
Creditors
Other creditors|800
3808
618|7113
2100
920| |||5226|10133| |9|**General fund**
Opening balance
Surplus (Shortfall) per SOFA|164430
-54493|167365
-2935| ||Closing balance|109937|164430| The General fund is unrestricted and is used in accordance with the objectives of the charity at the discretion of the trustees. 9 ## **LEAD ACADEMY** ## **Notes to the Accounts for the year ending 31 March 2025** |10 **Restricted fund**
Opening balance
Surplus (Shortfall) per SOFA
Closing balance|0
0
16565
0
16565
0| |---|---| The Restricted funds are donations made to the Bursary fund, to enable churches to be part of a Learning Community despite them not being able to fund themselves fully.