REGISTERED CHARITY NUMBER: 1179226 REPORT OF THE TRUSTEES AF4D FINANCIAL STATELIqENTS FOR THE YEAR ENDED 31ST .MARCH 2025 FOR WALES LEADERSHIP FORULVI Grecn & Co Chartered C¢rtificd Accountants Peinbroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU
WALES LEADERSHIP FORUM CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Trustees Independent Examiner'$ Report Statement of Financial Activities Balance Sbeet Lyotes to the Financial Statements 7 to 13 Detalled Statement of Flngnclal Actlvlties 14
WALES LEADERSHIP FORUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trnqteeq preqent their report with the financial qtalements of the charity for the year ended 31 sl March 2025. The trllstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Praciice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AliD ACTIVITIES Objectives and aims The obje¢ts as included within the constitution of The Wales Leadership Fornm (WLF) are.. l. Advancement of tlie Christian religion. 2. Sharing and implementing the best straregies for reaching others for Chrisi. 3. Renewing local churches. 4. The advancement of education amongst the Christian community achieved by organising conferences and programs to assist Christian leaders to develop their gifts and abilities in their unique vocations and calling. 5. Mcntoring thc next gcneration of cvangclical Icaders.. Iinancial support for their ministries., leading their churchcs or othcr organisations faithfully and with godly wisdotn. The main a¢tivities of the Wale% Leadership Forum sin¢e its formation has been providing training support and mentoring for Chriqtian leader.q. We have also provided funding for Christian projects throughout Wales. Signifiegnt activlties Support Funds for th¢ support of the ministry in 2024125 wcre primarily sourced from the existing support basc. Projects The annual conference was run in September and was attended by approximately 200 people. During the confcrcnc¢ wc run a variety of scminars including, soul care, discipl¢ship, and cvang¢lisin. Follow up training sessions w'ere also run throughoiit the year on various topics and in different places throughout Wales. FINANCIAL REVIEW Financial position tncome for the period from 1st April 2024 to 31st March 2025 totalled £73,516. with significant contributions from individual donors.. Expenditure amounted to £69,826, with the majority directed towards training initiatives and grant funding for Christian projects across Wales. The charity reported Net Income of £3,690. Funds at 31 March 2025 wcr¢ £71,537. Of thcsc funds £14,629 wcr¢ rcstrictcd and £33,597 wcrc hcld as dcsignated furtds. The balanc¢ of fr¢e rcs¢rv¢s at th¢ pcriod cnd was £23,311. Reserves policy As Ihcr¢ ar¢ no recurring ov¢rh¢ad costs r¢quircd lo maintain the charity, thc trust¢cs do not consid¢r it ncccssary to rctain 5pccific rcscrvc5. FUTURE PLANS Thc tru5tccs arc currcntly rcvicwing thc annual confcrcncc to scc if thcrc is a morc appropriatc modcl. Page I
WALES LEADERSHIP FORUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Wales Leadership Forum was established as a foundation Charitable Jncorporated Organisation, registered on 17 July 2018 with a constitution as a governing document. Reeruitmcnt and appointment of new trustees Should the need arise new trustees will be appoinied for a term of four years by the existing trustees taking full account of the individual's relevant skills, knowledge and experience. Any new trustees will be appropriately trained in respect of their responsibilities and the procedures of the charity. Organisational structure The charity does not employ any staff and is administered by the trustees and the operational committee who provide day-to-day support for the running of the Charity. Decisions in respect of grants to be awarded are made at trustee meetings. Risk management It is not considered that the charity is exposed to any major risks, but this is continually reviewed and should any such be idcntificd, mitigating procedures will be dcviscd and itllplcm¢nt¢d. Safeguarding A safeguarding policy is now in place. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Charlty number 1179226 Principal #ddress 76 South Rise Cardiff CF14DRG Trustees D Norbury A Pitt C Street (Chair) L Brown J - E Funnell P Davies P G Baker E Macdonald {r¢5igned 13.11.24) R S Thomab {rcsign¢d 13.11.24) Page 2
WALES LEADERSHIP FORUM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Edwin Gooderham Grccn & Co Chartcrcd Ccrlificd Accountants P¢mbrokc Housc Llantarnain Park Way Cwinbran Torfaen NP44 3AU Approved by order of the board of trustees on 27th June 2025 and sigmed on its behalf by.. C Street - Trustee Page 3
INDEPENDENT EL4MINER'S REPORT TO THE TRUSTEES OF WALES LEADERSHIP FORUM Independent examiner's report to the trustees of Wales Le#dership Forum I rcport to thc charity trustccs on my cxamiiiation of the accouiits of Wal¢s L¢adcrship Forum (th¢ Trust) for th¢ year ended 31 st March 2025. Responsibilities and basis of report As tlie Charity trustc¢s of th¢ Trust you arc rc5ponsible for th¢ preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'th¢ Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5){b) of the Act. Independent examiner'q statement I liave Lompleled my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or th¢ accounts do not accord with those records: or thc accounts do not cotllply with thc applicablc rcquirctncnt5 conc¢ming thc forni and contcnt ot accounts set out in thc Chariti¢s (Accounts and Reports} Rcgulations 2008 oth¢r than any r¢quirem¢nt that th¢ a¢¢ounts give a true and fair view which is not a matter ¢onsid¢red as part of an indepelldent examination. I hai'e no concerns and have come across no other matters in connection with the examination to which atteniion should be drawn in this report in order to enable a proper understanding of the accounts 10 be reached. Edwin Gooderham The Association of Chartered Certified Accountants Green & Co Chartcrcd Ccrlificd Accountants P¢mbroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU 27th June 2025 Page 4
WALES LEADERSHIP FORUM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 Total funds 2024 Total funds Unre.%tricted funds Reqtricted fiinds Notes INCOME AND ENDOWMENTS FROM D()naiions and legacieq 27,618 44,910 72,528 47,961 tnvestment income 716 272 988 329 Total 28,334 45,182 73,516 48,290 EXPENDITURE ON Charitable activities Charitable Activitics Confcr¢nc¢ EQUIP 1,200 24,209 1,000 1,200 24,209 1,000 43,417 13,836 471 46,608 Growing churche% 43,417 Total 26,409 43,417 69,826 60,915 NET INCOMEI(EXPENDITURE) 1,925 1,765 3.690 (12,625) RECONCJLIATION OF FUNDS Total funds brought forward 54,983 12,864 67,847 80,472 TOTAL FUNDS CARRIED FORWARD 56.908 14,629 71.537 67,847 The noteq forni part of the8e financial gtatements Page 5
WALES LEADERSHIP FORUM BALANCE SHEET 31ST MARCH 2025 2025 Total funds 2024 Total funds Unre.%tricted funds Reqtricted fiinds Notes cuRRET ASSETS Ca%li ai bank 56,908 14,629 71,537 69,647 CREDITORS Amounts falling due within one year (1,800) NET CURRENT ASSETS 56,908 14,629 71,537 67,847 TOTAL ASSETS LESS CURRENT LIABILITIES 56.908 14,629 71,537 67,847 LNET ASSETS 56,908 14,629 71,537 67,847 FUNDS Unreslricled fL]nd8 Restricted funds 10 56,908 14,629 54,983 12,864 TOTAL FUTr4DS 71,537 67,847 The financial statements were approved by the Board of Trustees and authorised for issue on 27th June 2025 and were signed on its behalf by.. C Street- Trustee The noteq forni part of the8e financial gtatements Page 6
WALES LEADERSHIP FORUM NOTES TO THE FINEINCJAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 STATUTORY INFORMATION Walcs Lcadcrship Forum is a charitablc incotyoratcd organisation, rcgistercd in England and Wales. The contact address is 76, South Rise, Li5vane, Cardiff, CF41 ORG. The principle activities and narllre of the Charity's operations is to provide training support and mentoring for Christian leaders, and to provide funding for Christian projects throughout Wales. The financial statements are presented in Sterling (£), the charity's functional currency. and rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. Th¢sc policics have been consistently applied to all years pr¢s¢ntcd unless Otherwisc stated. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statcmcnt of Rccomtncndcd Practicc applicablc to charitics prcparing thcir accounts in accordancc with th¢ Financial Rcporting Standard applicable in the UK and Rcpublic ot Jrcland IFRS 1021 l¢ft¢ctiv¢ I January 2019)., Finan¢ial R¢porting Standard 102 'Thc FinanLial R¢p()rting Standard appli18blc in the UK aiid Republic of Ireland, and tlic Charities Act 201 l. The financial stal¢ments hav¢ bccn pr¢parcd under the historical Cost convention. Income All incom¢ is reLogniscd in tlic Siatcm¢nt of Fillanoial ALtiviti¢S OllL¢ thc Lharity has cntiilcmcnl to the funds, it is probable that the income will be received and the amount Can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon 2$ there is 2 leg21 or constructive obligation Committing the charity to that expenditure. it is probable that a transfer of e¢onomic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditiire is accounted for on an ac¢ruals basis and ha% been ¢las8ified undei. heading% that aggregate 811 ¢ost related t() the ¢ategory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expcnditure. Taxation The charity is exempt from tax Oll its charitable activities. Fund accounting Unresiricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Rcstrictcd funds can only bc uscd for particular rcstrictcd purposcs within thc objccts of thc charity. Rcstrictions arisc when specificd by the donor or when funds arc raised for particular rcstrictcd purposcs. Page 7 continued...
WALES LEADERSHIP FORUM NOTES TO THE FINANCJ,IL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES- continued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to the financial statcmcnts. DONATIONS AND LEGACIES 2025 2024 Gifts and donations Grants 13,388 59.140 47,961 72,528 Grants received, included in the above, are as follows.. 2025 2024 Othcr grants 59,140 INVESTMENT INCOME 2025 2024 Deposlt account interest 988 329 CHARIT ABLE ACTIVITJES COSTS Grant funding of activities (see note Direct Costs Support ¢osts 6) Totals Charitable Activities Conference 1,200 1,200 24,209 1,000 43,417 23,345 864 1,000 EQUIP Growing churches 43,417 66,762 1,864 1,200 69,826 Page 8 continued...
WALES LEADERSHIP FORUM NOTES TO THE FINANCJ,IL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 GRANTS PAYABLE 2025 2024 Confcr¢nc¢ -300 471 EQUIP 1,000 ,864 771 The total grants paid to individuals during the year was as follows.. 2025 2024 Grant 1,864 771 During the year the charity made grant8 to six individualq totalling £1,864. TRUSTEES, REMufiERATION AND BENEFITS There were no tru8tees' remuneration or other benefits for the year ended 318t March 2025 nor for the year ended 3 1st March 2024. Trustees, expenses Ther¢ wer¢ no trustees, expenses paid for the year ended 31st Mar¢h 2025 nor for th¢ year ended 31 st March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢ted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 8,601 39,360 47,961 Investment income 20 309 329 Totgl 8,621 39,669 48,290 EXPENDITURE ON Charitable activities Contcr¢nc¢ 13,836 471 13.836 471 46,608 EQUIP Growing churchcs 46,608 Total 14,307 46.608 60,915 NET INCOIVIEI(EXPENDITURE) (5,686) 16.9391 (12,625) Page 9 continued...
WALES LEADERSHIP FORUM NOTES TO THE FINANCJ,IL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 COMPARATIVES FOR THE STATEIENT OF FINANCIAL ACTI ITJES- continued Unrcstrictcd Rcstrictcd fund5 funds Total funds RECONCILIATION OF FUNDS Total funds brou¥ht fonvard 60,669 19,803 80.472 TOTAL FUNDS CARIUED FORWARD 54,983 12.864 67,847 CREDITORS: ALVIOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals and dcfcrrcd incom¢ 1,800 10. MOVEMENT IN FUNDS N¢t movcmcnt in fuiids At 31.3.25 At 1.4.24 Unrestricted funds General fund EQUIP Fund Growing Churche8 Fund 22,533 2,101 30,349 778 (9R6) 2,133 23,311 32,482 54,983 1,925 56,908 Restricted funds Growing Churches Fund 30's Flind 10,330 2,534 1,762 12,092 2,537 12,864 1,765 14,629 TOTAL FUNDS 67,847 3.690 71,537 Page 10 continued...
WALES LEADERSHIP FORUM NOTES TO THE FINANCJ,IL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 io. MOVEMENT IN FUNDS - continued Nel movement in funds, includcd in thc abovc are as follows- Incoming re8()urceq Resources expended Movement in fund8 Unrestricted funds General flind EQUIP Fund Growing Chur¢hes Flind 26,187 (25,409) ( 1,000) 778 (986) 2,133 2,133 28,334 (26,409) 1,925 Restricted funds Growing Churches Fund 30's Fund 45,179 (43,417) 1,762 45.182 (43,417) 1.765 TOTAL FUNDS 73,516 (69,826) 3,690 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund EQUIP Fund Growing Churches Fund 27,768 2,552 30.349 (5,235) 1451) 22.533 2,101 30.349 60,669 (5,686) 54,983 Restricted funds Growing c.hurches Fund 30's Fund 17.296 2,507 (6,966) 27 10.330 2.534 19,803 (6,939) 12,864 TOTAL FUNDS 80,472 112,625) 67,847 Page 11 continued...
WALES LEADERSHIP FORUM NOTES TO THE FINANCJ,IL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 io. MOVEMENT IN FUNDS - continued Comparativ¢ n¢t movement in funds, included in the abov¢ are as follows.. Incoming re8()urceq Resources expended Movement in fund8 Unrestricted funds General fund EQUIP Fund 8,601 20 (13,836) (471) {5,235) (451) 8,621 (14,307) (5,686) Restricted funds Growing C.hur¢h¢6 Fund 30's Fund 39,642 27 (46,608) {6,966) 27 39.669 (46,608) {6,939) TOTAL FUNDS 48,290 (60,915) (12,625) Deslgnated funds The EQUIP Fund 14 initiative to help Support, resource and fund 'gra4%rooLq' projectg or mini8trieg acroqs Wales aq they share the go8pel with Welsh communities. The Growing Churches Fund; a programme set up to identify and train four people each year, for 10 years, each one working with a local church in Wales. Restricted funds 30s Fund The 30s Fund was a gift received to encourage young people under the age of 30 to attend the Wales Leadership Fotiun conference. Growin Churchcs Fund This fund relat¢s t() spe¢ifi¢ donations r¢¢eived towards the Growing ¢hur¢h¢s programine, whi¢h was set up to identify train four people each year, for 10 yeai's, each one working with a local church in Wales. Page 12 continued...
WALES LEADERSHIP FORUM NOTES TO THE FINANCJ,IL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2025 RELATED PARTY DISCLOSURES Durin¥ the ycar gifts of £1 0,000 {2024 £7,000) were reccivcd from The Deo Gloria Trust, a charity which had a common trustee. There were no further related party transactions or balan¢es for the year ¢nded 31 March 2025 requiring disclosure. Page 13
WALES LEADERSHIP FORUM DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 INCOME AP4D ENDOWMENTS Donatiolls and legacies Gifts and donations Grallls 13.388 59,140 47,961 72,528 47,961 InTrestment income Deposit account inlercst 988 329 Total incoming resources 73,516 48,290 EXPENDITURE Charitable aetivities Sundries Conference speaker expenses Website services Vcnuc costs Rctrcshmcnts Vidco l Films Te¢hni¢ians Growing churcheq project Graiits to indiN'iduals 446 1,796 5.485 10,446 1,263 3,079 830 43,417 1,864 63 1,199 3,381 2,697 491 2,675 150 46,608 771 68,626 58,035 Support costs Governance costs Ae¢ountan¢y and legal fees 1,200 2,880 Total resources expended 69,826 60,915 Net In¢ome/(expendlture) 3,690 (12,625) This pag¢ docs not form part of thc statutory financial btalcmcnts Page 14