Trustees. Annual Report for the period
Peri¢JJ stsrt date
Day
Month
Au9U
Period end date
Day
Month
To 31st
Juty
From
Year
2024
2023
Section A
Reference and administration details
Charity name
London EduG*ion Foundation
Other names charity is known by
Registered charity number (rf any)
1189000
Charity's principal address
28 Portland Pla
London
Postcode
W1B1LY
Names of the charity trustees who manage the charity
Trustee name
Offiee lif ary)
Datss a¢led rf not ft>rwt)ole
ear
Chaiman
Name of PPTson lor body) entitled
int trustee
ifan
Board decision
Dr Lawren
James Watson
Salmafauziah
Zainul
Imiole year
Company Secretary
Whole year
Board decision
lan Pirie
Founder Trustee
Ilthole year
Board decision
10
12
13
14
15
17
18
19
20
Names of the trustees for the charity, rf any. {for example, any custodian trustees)
Name
Dates acted rf not for whole
ear
TAR
Marth 2012

Names and addresses of advisers (Optional inforniation)
e of adviser
Name
Address
Legal
3 Acom Business Centre, Northarbour. Cosham,
I Portsmouth PC6 3TH
Chartered Certified Accountants & Registered Auditors,
Third Floor. Grove House, 55 Lowlands Road, Harrow,
HA1 3AW
TC Group
Financial
Chempney Myers
Charity
NCVO
Society Building. 8 Al Saints Street. London, N1 9RL
Name of chief executive or names of senior staff members (Optional infomiation)
Section B
Structure,
overnance and mana
ement
Description of the chaiity's trusts
Articles of Association
Type of goveming document
leg Iru61 a•eo, Consuwuoni
How the charity is constituted
leg. tr￿1, associaiion company
Company limtted by guarantee
Trustee selection methods
eg. appoiniea Dy wecieo tyi
Appointed by Board of Trustees
Additional governance issues (Optional Infom)ation
You may choose to include
additional information, where
relevant, about..
poIiGies and Pro￿dUreS
adopted for the induction and
training of trustees-
the charity's organisational
structure and any wider
nehvork wth which the charity
relationship with any related
parties.,
trustees, consideration of
major risks and the system
and procedures to manage
them.
Section C
Ob"ectives and activities
TAR
March 2012

The advan￿ment of education for the public benefit by providing full-time
and part-time courses of higher education (as defined in Schedule 6 of
the Education Refomi Act 1988)
Summary ofthe objects ofthe
charity set out in its
governing document
Courses wovided:
Certificate in Company Secretarial Course
Corporate Govemance Qualtfying Programme
Summary of the main
activities undertaken for the
public benefit in relation to
these objects {include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Additional details of objectives and activities (Optional information)
TAR
March 2012

You may choose to indude
further statements, where
relevant. about..
policy on grantmaking:
policy programme rel*ed
investment.,
ontribution made by
volunteers.
Section D
Achievements and performance
TAR
March 2012

Section D
Achievements and performance
Summary of the main
achievements of the charity
during the yoar
LEF STRATEGIC REPORT 2024
In the Academic Year 202>2024 London Education Foundation ILEFI
trading as KCB Global continued to develop its mission of providing
excellen￿ in Govemance Education and widening access to that
education on a global basis.
Students
As the qualty of its courses became increasingly widely known, almost
entirely through student referrals. the student numbers continued to
increase both from the UK and intemationally from 327 in 2023 to 427 in
2024.
In addition, to widening aC￿sS and enabling more students to achieve
qualifications they would not have been able to afford to study, the
number of scholarships given over the year increased to 15, with online
delivery supporting this grovrth.
Today, then the Foundation teaches 25% of the students preparing for
the Chartered Govemance Instttute ICGIUK and associated territoriesl
exams and our studerrts pass rates exceed the national pass rate by
390h.
Financials
As a resuEt, the income of the Foundation increased forni £220k pa to
£379k pa while expenditure increased from £388k to £515k reduGing the
trading defictl from £167k to £135k and so by £32k, whith is a small
itnprovement.
The deficit was funded in both years by donations held in reserve and the
cash reserves have increased from £568k to £621 k. Clearly this makes
LEF both financially viable and sustainable, but the Trustees aim is to
continue to redu￿ the defictt to the point where donations are no longer
needed and reserves maintained.
Sustsinability
To achieve long teTh sustainabilty the Foundation has a number of
initiatives.
Firstly, to continue to increase tts income organically which it is achieving,
by the qualty of its courses resulting in increasing student numbers each
intake and
Secondly, by developing new courses WFth for example a Masterfs
degree in Govemance from the University of Essex validated in October
2024 and launching in October 2025.
Thirdly, lo implement marketing initiatives with podcasts on topics
relevant to these students as well as publishing data on student success
stories and world prize wnners. This will then be supplemented by
meetings wrth employers to understand and then help satisfy their staff
requirements.
It is hoped then with these initiattves, the Foundation will be self-
sustaining by the year 2026 and will reduce the need for donations in
2025 by continuing to reduce the trading deficit and so maintaining the
cash reseNes.
TAR
March 2012

Section E
Financial review
The policy is to maintain reserves to a minimum of one yearfs
expenditure.
Brief statement of the
charity's policy on reserves
Details of any funds materialty
in deficit
Further financial review details (Optional inf0m￿tiOn)
You may choose lo include
additional infomiation, where
relevant about:
the charity's principal
sources of funds (including
any fundraising).,
how expenditure has
supported the key objectrves
of the charity.,
investment policy and
objectives including any
ethical investment policy
adopted.
Section F
Other optional information
Section G
Declaration
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charlty's trustees
Signature(s)
Full name(s)
Position {eg Secretaryi Chair,
ets)
lan Roderick Pine
Founder Trustee
Date
27 May 2025
TAR
March 2012

Registered number
11368559
LONDON EDUCATION FOUNDATION
Report and Financial Statements
31 July 2024

LONDON EDUCATION FOUNDATION
Report and accounts
Contents
Page
Company information
Directors, report
Strategic report
Independent audilorfs report
Income statement
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial ststemenls
10

LONDON EDUCATION FOUNDATION
Company Information
Directoryts
Mr l R Pirie
Ms S Zainul
Dr L J Watson
Auditors
CHEMPNEY MYERS LIMITED
Grove House Third Floor
55 Lowlands Road
Harrow
England
HA13AW
Registered office
28 Portland Place
London
England
W1B 1LY
Registered number
11368559

LONDON EDUCATION FOUNDATION
Registered number:
11368559
Directors. Report
The directors present their report and financial statements for the year ended 31 July 2024.
Principal activities
The company's principal activity during the year continued to be that of a Charity, providing higher
education
Directors
The following persons served as directors during the year..
Mr l R Pirie
Ms S Zainul
Dr L J Walson
Directors. responsibilities
The directors are responsible for preparing the report and financial statements in accordance with
applicable law and regulations.
Company law requires the directors lo prepare financial statements for each financial year. Under
that law the directors have elected to prepare the fi'nancial ststemenls in accordance with United
Kingdom Generally A¢￿pted Accounting Practice (Financial Reporting Standard 102 and applicable
lawl. Under company law the directors musl not approve the fi'nancial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the company and of the profit or
loss of the company for that period. In preparing these financial stalemenls, the directors are
required lo".
select suitable accounting policies and then apply them consislenlly.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to piesume
that the company will continue in business.
The director5 are responsible for keeping adequate accounting records that are sufficient to show
and explain the company's transactions and disclose with reasonable accuracy al any time the
financial position of the company and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Disclosure of information to auditors
Each person who was a director al the ts'me this report was approved confirms that..
so far as he is aware, there is no relevant audit information of which the company's auditor is
unaware", and
he has taken all the steps that he ought to have taken as a director in order to make himself
aware of any relevant audit information and to establish that the company's auditor is aware of
that information.
This reFX)rt was approved by the board on 12 May 2025 and signed on its behalf.

LONDON EDUCATION FOUNDATION
Registered number:
11368559
Directors. Report
Mr l R Pirie
Director

LONDON EDUCATION FOUNDATION
Strategic Report
In the Academic Year 2023-2024 London Education Foundation ILEFI continued lo develop its
mission of providing excellence in Governance Education and widening access lo that education on
a global basis.
Students
As the quality of ils courses became increasingly widely known, almost entirely through student
referrals, the sludenl numbers continued to increase both from the UK and internationally from 327
in 2023 10 427 in 2024.
In addition, to widening access and enabling Tnore students 10 achieve qualifications they would not
have been able to afford lo study, the number of scholarships given over the year increased to 15,
th online delivery supporting this growth.
Today, then the Foundation leaches 25Q/o of the students preparing for the Chartered Goveman
Institute ICGIUK and associated lerriloriesl exams and our students pass rates exceed the national
pass rate by 39Q/o.
Financials
As a result, the income of the Foundation increased from £220k pa to £379k pa while expenditure
increased from £388k to £515k reducing the trading deficit from £167k to £135k and so by £32k,
which is a small improvement.
This report was approved by the Board on 12 May 2025 and signed on its behalf.
Mr l R Pirie
Director

LONDON EDUCATION FOUNDATION
Independent auditorfs report
to the members of LONDON EDUCATION FOUNDATION
Opinion
We have audited the financial statements of LONDON EDUCATION FOUNDATION (the 'company'l for the year ended
31 July 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of
Financial Position, the Statement of Changes in Equity. the Staternent of Gash Flows and notes to the financial
statements, including significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and the Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practi￿1.
In our opinion the financial statements..
give a true and fail view of the state tsf the companvs affairs as at 31 July 2024 and of its profit for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practice..
h8V8 been prepar8d in 8ccord8nCe Imth the requirements of the Companies Act 2006.
Basss for oplnlon
We conducted our audit in accoidance with International Stsndaids on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities lor the audit of the financial
ststements section ol our report. We are independent of the company in accordance with the ethical requirements that
are relevant to our audit of the financial slalemenls in the UK. induding the FRG'S Ethical Standard. and we have fulfilled
our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basi5 for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors, use of the going concein ba51s ol accounting in
the preparation of the financial statements is appropriate.
Based on the work we have perfonned. we have not identified 8Ny rnaleri81 unoertainlie5 relating to events or conditions
that, individually or collectively, may cast significant doubt on the companys ability to continue as a going concern for a
period of at least twelve tnonths frorn when the financial 5taternents are authoiised for issue.
Our responsibilities and the responsibilities of the diieclois with respect lo going Con￿rn are described in the relevant
sections of this report.
Other information
The other information comprises the Information included in the annual report other th8n the financial 5tatement5 and our
auditor's report thereon. The directors are responsible for the other infomialion contained within the annual report. Our
opinion on the financial statements does not cover the other information and, extspt to the extent otherwise explicitly
stsled in our report. we do not express any foirn of assurance conclusion Iheieon. Our iesponsibilily is to read the other
information and, in doing so, consider whether the other information is materially inconsistent wth the finanaal
statements or our knowledge obtained In the course of the audit, or othenmse appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed,
we conclude that there is a material mi55taternent of this other inlormation, w8 are iequir8d to report that fact.
We have Nothing lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit".
• the information given in the strategic report and the directors, report for the financial year for which the financial
statements are prepared is consistent with the financial statements", and
the strategic report and the directors, report have been prepared in accordance with applicable legal requirements.

LONDON EDUCATION FOUNDATION
Independent auditorfs report
to the members of LONDON EDUCATION FOUNDATION
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the cornpany and its environrnent obtained in the course of the audit,
we have not identified material misstatements in the strategic report or the directors. report.
We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 requires us to
report to you if, In our opinion..
• adequate accounting records have not been kept. or returns adequate for our audit have not been received frorn
branches not visited by us., or
the financial statements are not in agreement wth the accounting records and returns., or
• certain disdosures of directors, remuneration specified by law are not made,. or
• we have not received all the infomiation and explanations we require for our audrt.
Re8ponsibiliti88 of directors
As explained more fully in the directors, responsibilities statement, the directors are responsible for the preparation ol the
rinanaal statements and for being satisfied that they give a true and fair view, and for such internal control as the
directors deterrnine is necessary lo en8ble the preparation of financial slalemenls that are free from rnaleri81
misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a
going concein. disclosing, 8S 8pplicable. rnatter5 related to going ¢oncern and using the going con￿r￿ basis of
accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuiance about whether the financial statements as a whole ale free from
material misslalernent, whether due lo fraud or error, and to issue an auditor's report th8t includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan￿ wth
ISAS IUKI will ahfif8yS detect a material misstatement when It exist5. Misstatements can arise from fraud 01 8rroi and are
considered material if. individually or in the aggregate, they Could reasonably be expected to inlluence the economic
decisions of users taken on the basis of these financial statements.
IExplèftation ès Its what extent the audit was ctrnsidered cèpable of detecting irregularities, includiftg fraud.]
A further description of our responsibilities for the audit of the finanaal statements is available on the Financial Reporting
Council's website at www.frc.oig.uklauditorsresponsibilities. This description foms part of our auditoi's ￿pOrt.
Use of our report
This report is made solely to the company's members, as a body, in accordance wth Chapter 3 of Part 18 of the
Companies Act 2006. Our audit work has been undertaken so that we rnight state to the companvs members those
matters we are required to state to them in an auditor's report and lor no other purpose. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the company and the company's members as a
body. for our 8udil work. for this report. or for the opinions we have forrned.
Mr D Kakad
Isenior Statutory Auditor)
for and on behalf of
CHEMPNEY MYERS LIMITED
Statutory Auditor
13 May 2025
Grove House Third Floor
55 LoMAands Road
Harrow
England
HA1 3AW

LONDON EDUCATION FOUNDATION
Income Statement
for the year ended 31 July 2024
Notes
2024
2023
Fee Income
379,705
220,738
Cost of sales
{98,8361
Gross profit
280,869
220,738
Administrative expenses
Income from donations
1416,3771
211,508
1388,4051
717,404
Operating profit
76,000
549,737
Interest receivable
10,975
4,293
Profit on ordinary activities before taxation
86,975
554,030
Tax on profit on ordinary activities
Profit for the financial year
86,975
554,030

LONDON EDUCATION FOUNDATION
ststement of Comprehensive Income
for the year ended 31 July 2024
Notes
2024
2023
Profit for the financial year
86,975
554,030
Other comprehensive income
Total comprehenslve Ineome for the year
86,975
554,030

LONDON EDUCATION FOUNDATION
ststement of Financial Position
as at 31 July 2024
Notes
2024
2023
Current assets
Debtors
Cash at bank and in hand
65,028
621,241
686,269
36,979
568,028
605,007
Creditors-. amounts falling due
within one year
141.3541
147,0671
Net Current assets
644,915
557,940
Net assets
644,915
557,940
Capital and reserves
Profit and loss account
644,915
557,940
Total reserves
644,915
557,940
Mr l R Pirie
Director
Approved by the board on 12 May 2025
lay 29, 202Jf 16'.31 GMT+ii

LONDON EDUCATION FOUNDATION
ststement of Changes in Equity
for the year ended 31 July 2024
Share
Share
capital premium
Other
reserves
Profit
and loss
account
Total
At 1 August 2022
3,910
3,910
Profit for the financial year
554,030
554,030
At 31 July 2023
557,940
557,940
At 1 August 2023
557,940
557,940
Profit for the financial year
86,975
86,975
At 31 July 2024
644,915
644,915
10

LONDON EDUCATION FOUNDATION
Statement of Cash Flows
for the year ended 31 July 2024
Notes
2024
2023
Operating activities
Profit for the financial year
86,975
554,030
Adjustments for..
Interest receivable
Increase in debtors
Decrease in creditors
110,9751
128,0491
15,7131
42,238
14,2931
549,737
Interest received
10,975
Cash generated by operating activities
53,213
549,737
Net cash generated
Cash generated by operating activities
53,213
549,737
Net cash generated
53,213
549,737
Cash and cash equivalents at 1 August
Cash and cash equivalents at 31 July
568,028
621,241
18,291
568,028
Cash and cash equivalents comprise..
Cash at bank
621,241
568,028

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
1 Summary of significant accounting policies
Basis of preparation
The financial slalemenls have been prepared under the historical cost convention and in
accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of
Ireland.
Turnover
Tumover is measured at the fair value of the consideration received or receivable, nel of discounts
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks
and rewards of ownership of the goods have transferred lo the buyer. Turnover from the rendering
of services is recognised by reference to the stage of completion of the contract. The stage of
completion of a contract is measured by comparing the costs incurred for work performed lo dale
to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice pri￿1, less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised al transaction pri￿ including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
Creditors
Short term creditors are measured al transaction price (which is usually the invoice pricel. Loans
and other financial liabilities are initially recognised at transaction nel of any transaction costs
and subsequently measured al amortised cost determined using the effective interest method.
Taxation
A current lax liability is recognised for the lax payable on the tsxable profit of the current and past
periods. A current lax asset is recognised in respect of a tsx loss that can be carried back lo
recover tax paid in a previous period. Deferred lax Is recognised in respect of all timing differences
be￿een the recognition of income and expenses in the financial ststemenls and their inclusion in
tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the
exlenl that il is probable that they will be recovered against the reversal of deferred lax liabilities or
other future taxable profits. Deferred tax is measured using the lax rates and laws that have been
enacted or subslanlively enacted by the reporting date and that are expected lo apply lo the
reversal of the timing difference, except for revalued land and investment property where the tsx
rale that applies to the sale of the asset is used. Current and deferred lax assets and liabilities are
not discounted.
Pmvisions
Provisions {ie liabilities of uncertain timing or amount) are recognised when there is an obligation
at the reporting dale as a result of a past event, it is probable that economic benefit will be
transferred to settle the obligation and the amount of the obligation can be eslimaled reliably.
Lgased assets
12

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
A lease is classified as a finance lease if il transfers substanb'ally all the risks and rewards
incidental to ownership. All other leases are classified as operating leases. The rights of use and
obligations under finance leases are initially recognised as assets and liabilities at amounts equal
to the fair value of the leased assets or, if lower, the present value of the minimum lease
payments. Minimum lease payments are apportioned between the finance charge and the
reduction in the outstanding liability using the effective Interest rate method. The finance charge is
allocated to each period during the lease so as to produce a constant periodic rale of interest on
the remaining balance of the liability. Leased assets are depreciated in accordance with the
company's policy for tangible fi'xed assets. If there is no reasonable certainly that ownership will be
obtained al the end of the lease term, the asset is depreciated over the lower of the lease term
and ils useful life. Operating lease payments are recognised as an expense on a slraighl line basis
over the lease term.
Pensions
Contributions lo defined contribution plans are expensed in the period lo which they relate.
2 Analysis of turnover
2024
2023
Fee Income
379,705
220,738
By geographical market..
Worldwde
379,705
220,738
3 staff costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
280,809
29.174
13,698
323,681
269,288
27,502
10,388
307,178
Average numberof employees during the year
Number
Number
Administration
4 Taxation
2024
2023
Analysis of charye in period
Tax on profit on ordinary activities
Factors affecting tax charye for period
13

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
The differences between the tax assessed for the period and the standard rate of corporation tax
are explained as follows..
2024
2023
Profit on ordinary activities before tax
86,975
554,030
Standard rale of corporation tax in the UK
200/0
200/
Profit on ordinary activities multiplied by the standard rale of
corporation lax
17,395
110,806
Effects of..
Expenses not deductible for lax purposes
117,3951
1110,8061
Current tsx charge for period
Factors that may affect future tax charyes
S Debtors
2024
2023
Trade debtors
Other debtors
62,578
2,450
65,028
9,130
27,849
36,979
6 Credltors.. amounts falllng due wlthln one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
10,867
36,200
41,354
41,354
47,067
7 Profit and loss account
2024
2023
At 1 August
Profit for the financial year
557,940
86,975
3,910
554,030
At 31 July
844,915
557,940
14

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
8 Presentation currency
The financial ststemenls are presented in Sterling.
9 Legal fomi of entity and country of incorporation
LONDON EDUCATION FOUNDATION is a company limited by guarantee and incorporated in
England.
10 Principal place of business
The address of the company's principal pla￿ of business and registered office Is..
28 Portland Pla
London
England
W1B 1LY
11 Reconciliations on adoption of FRS 102
Profit and loss for the year ended 31 July 2023
Profit under former UK GAAP
554,030
Profit under FRS 102
554,030
Balance sheet at 31 July 2023
Reserves under fomier UK GAAP
557,940
Reserves under FRS 102
557,940
Balance sheet at 1 August 2022
Reserves under fomier UK GAAP
Reserves under FRS 102
15

Registered number
11368559
LONDON EDUCATION FOUNDATION
Report and Financial Statements
31 July 2024

LONDON EDUCATION FOUNDATION
Report and accounts
Contents
Page
Company information
Directors, report
Strategic report
Independent audilorfs report
Income statement
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Notes to the financial ststemenls
10

LONDON EDUCATION FOUNDATION
Company Information
Directoryts
Mr l R Pirie
Ms S Zainul
Dr L J Watson
Auditors
CHEMPNEY MYERS LIMITED
Grove House Third Floor
55 Lowlands Road
Harrow
England
HA13AW
Registered office
28 Portland Place
London
England
W1B 1LY
Registered number
11368559

LONDON EDUCATION FOUNDATION
Registered number:
11368559
Directors. Report
The directors present their report and financial statements for the year ended 31 July 2024.
Principal activities
The company's principal activity during the year continued to be that of a Charity, providing higher
education
Directors
The following persons served as directors during the year..
Mr l R Pirie
Ms S Zainul
Dr L J Walson
Directors. responsibilities
The directors are responsible for preparing the report and financial statements in accordance with
applicable law and regulations.
Company law requires the directors lo prepare financial statements for each financial year. Under
that law the directors have elected to prepare the fi'nancial ststemenls in accordance with United
Kingdom Generally A¢￿pted Accounting Practice (Financial Reporting Standard 102 and applicable
lawl. Under company law the directors musl not approve the fi'nancial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the company and of the profit or
loss of the company for that period. In preparing these financial stalemenls, the directors are
required lo".
select suitable accounting policies and then apply them consislenlly.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to piesume
that the company will continue in business.
The director5 are responsible for keeping adequate accounting records that are sufficient to show
and explain the company's transactions and disclose with reasonable accuracy al any time the
financial position of the company and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Disclosure of information to auditors
Each person who was a director al the ts'me this report was approved confirms that..
so far as he is aware, there is no relevant audit information of which the company's auditor is
unaware", and
he has taken all the steps that he ought to have taken as a director in order to make himself
aware of any relevant audit information and to establish that the company's auditor is aware of
that information.
This reFX)rt was approved by the board on 12 May 2025 and signed on its behalf.

LONDON EDUCATION FOUNDATION
Registered number:
11368559
Directors. Report
Mr l R Pirie
Director

LONDON EDUCATION FOUNDATION
Strategic Report
In the Academic Year 2023-2024 London Education Foundation ILEFI continued lo develop its
mission of providing excellence in Governance Education and widening access lo that education on
a global basis.
Students
As the quality of ils courses became increasingly widely known, almost entirely through student
referrals, the sludenl numbers continued to increase both from the UK and internationally from 327
in 2023 10 427 in 2024.
In addition, to widening access and enabling Tnore students 10 achieve qualifications they would not
have been able to afford lo study, the number of scholarships given over the year increased to 15,
th online delivery supporting this growth.
Today, then the Foundation leaches 25Q/o of the students preparing for the Chartered Goveman
Institute ICGIUK and associated lerriloriesl exams and our students pass rates exceed the national
pass rate by 39Q/o.
Financials
As a result, the income of the Foundation increased from £220k pa to £379k pa while expenditure
increased from £388k to £515k reducing the trading deficit from £167k to £135k and so by £32k,
which is a small improvement.
This report was approved by the Board on 12 May 2025 and signed on its behalf.
Mr l R Pirie
Director

LONDON EDUCATION FOUNDATION
Independent auditorfs report
to the members of LONDON EDUCATION FOUNDATION
Opinion
We have audited the financial statements of LONDON EDUCATION FOUNDATION (the 'company'l for the year ended
31 July 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of
Financial Position, the Statement of Changes in Equity. the Staternent of Gash Flows and notes to the financial
statements, including significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and the Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practi￿1.
In our opinion the financial statements..
give a true and fail view of the state tsf the companvs affairs as at 31 July 2024 and of its profit for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practice..
h8V8 been prepar8d in 8ccord8nCe Imth the requirements of the Companies Act 2006.
Basss for oplnlon
We conducted our audit in accoidance with International Stsndaids on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities lor the audit of the financial
ststements section ol our report. We are independent of the company in accordance with the ethical requirements that
are relevant to our audit of the financial slalemenls in the UK. induding the FRG'S Ethical Standard. and we have fulfilled
our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basi5 for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors, use of the going concein ba51s ol accounting in
the preparation of the financial statements is appropriate.
Based on the work we have perfonned. we have not identified 8Ny rnaleri81 unoertainlie5 relating to events or conditions
that, individually or collectively, may cast significant doubt on the companys ability to continue as a going concern for a
period of at least twelve tnonths frorn when the financial 5taternents are authoiised for issue.
Our responsibilities and the responsibilities of the diieclois with respect lo going Con￿rn are described in the relevant
sections of this report.
Other information
The other information comprises the Information included in the annual report other th8n the financial 5tatement5 and our
auditor's report thereon. The directors are responsible for the other infomialion contained within the annual report. Our
opinion on the financial statements does not cover the other information and, extspt to the extent otherwise explicitly
stsled in our report. we do not express any foirn of assurance conclusion Iheieon. Our iesponsibilily is to read the other
information and, in doing so, consider whether the other information is materially inconsistent wth the finanaal
statements or our knowledge obtained In the course of the audit, or othenmse appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed,
we conclude that there is a material mi55taternent of this other inlormation, w8 are iequir8d to report that fact.
We have Nothing lo report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit".
• the information given in the strategic report and the directors, report for the financial year for which the financial
statements are prepared is consistent with the financial statements", and
the strategic report and the directors, report have been prepared in accordance with applicable legal requirements.

LONDON EDUCATION FOUNDATION
Independent auditorfs report
to the members of LONDON EDUCATION FOUNDATION
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the cornpany and its environrnent obtained in the course of the audit,
we have not identified material misstatements in the strategic report or the directors. report.
We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 requires us to
report to you if, In our opinion..
• adequate accounting records have not been kept. or returns adequate for our audit have not been received frorn
branches not visited by us., or
the financial statements are not in agreement wth the accounting records and returns., or
• certain disdosures of directors, remuneration specified by law are not made,. or
• we have not received all the infomiation and explanations we require for our audrt.
Re8ponsibiliti88 of directors
As explained more fully in the directors, responsibilities statement, the directors are responsible for the preparation ol the
rinanaal statements and for being satisfied that they give a true and fair view, and for such internal control as the
directors deterrnine is necessary lo en8ble the preparation of financial slalemenls that are free from rnaleri81
misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a
going concein. disclosing, 8S 8pplicable. rnatter5 related to going ¢oncern and using the going con￿r￿ basis of
accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuiance about whether the financial statements as a whole ale free from
material misslalernent, whether due lo fraud or error, and to issue an auditor's report th8t includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan￿ wth
ISAS IUKI will ahfif8yS detect a material misstatement when It exist5. Misstatements can arise from fraud 01 8rroi and are
considered material if. individually or in the aggregate, they Could reasonably be expected to inlluence the economic
decisions of users taken on the basis of these financial statements.
IExplèftation ès Its what extent the audit was ctrnsidered cèpable of detecting irregularities, includiftg fraud.]
A further description of our responsibilities for the audit of the finanaal statements is available on the Financial Reporting
Council's website at www.frc.oig.uklauditorsresponsibilities. This description foms part of our auditoi's ￿pOrt.
Use of our report
This report is made solely to the company's members, as a body, in accordance wth Chapter 3 of Part 18 of the
Companies Act 2006. Our audit work has been undertaken so that we rnight state to the companvs members those
matters we are required to state to them in an auditor's report and lor no other purpose. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the company and the company's members as a
body. for our 8udil work. for this report. or for the opinions we have forrned.
Mr D Kakad
Isenior Statutory Auditor)
for and on behalf of
CHEMPNEY MYERS LIMITED
Statutory Auditor
13 May 2025
Grove House Third Floor
55 LoMAands Road
Harrow
England
HA1 3AW

LONDON EDUCATION FOUNDATION
Income Statement
for the year ended 31 July 2024
Notes
2024
2023
Fee Income
379,705
220,738
Cost of sales
{98,8361
Gross profit
280,869
220,738
Administrative expenses
Income from donations
1416,3771
211,508
1388,4051
717,404
Operating profit
76,000
549,737
Interest receivable
10,975
4,293
Profit on ordinary activities before taxation
86,975
554,030
Tax on profit on ordinary activities
Profit for the financial year
86,975
554,030

LONDON EDUCATION FOUNDATION
ststement of Comprehensive Income
for the year ended 31 July 2024
Notes
2024
2023
Profit for the financial year
86,975
554,030
Other comprehensive income
Total comprehenslve Ineome for the year
86,975
554,030

LONDON EDUCATION FOUNDATION
ststement of Financial Position
as at 31 July 2024
Notes
2024
2023
Current assets
Debtors
Cash at bank and in hand
65,028
621,241
686,269
36,979
568,028
605,007
Creditors-. amounts falling due
within one year
141.3541
147,0671
Net Current assets
644,915
557,940
Net assets
644,915
557,940
Capital and reserves
Profit and loss account
644,915
557,940
Total reserves
644,915
557,940
Mr l R Pirie
Director
Approved by the board on 12 May 2025
lay 29, 202Jf 16'.31 GMT+ii

LONDON EDUCATION FOUNDATION
ststement of Changes in Equity
for the year ended 31 July 2024
Share
Share
capital premium
Other
reserves
Profit
and loss
account
Total
At 1 August 2022
3,910
3,910
Profit for the financial year
554,030
554,030
At 31 July 2023
557,940
557,940
At 1 August 2023
557,940
557,940
Profit for the financial year
86,975
86,975
At 31 July 2024
644,915
644,915
10

LONDON EDUCATION FOUNDATION
Statement of Cash Flows
for the year ended 31 July 2024
Notes
2024
2023
Operating activities
Profit for the financial year
86,975
554,030
Adjustments for..
Interest receivable
Increase in debtors
Decrease in creditors
110,9751
128,0491
15,7131
42,238
14,2931
549,737
Interest received
10,975
Cash generated by operating activities
53,213
549,737
Net cash generated
Cash generated by operating activities
53,213
549,737
Net cash generated
53,213
549,737
Cash and cash equivalents at 1 August
Cash and cash equivalents at 31 July
568,028
621,241
18,291
568,028
Cash and cash equivalents comprise..
Cash at bank
621,241
568,028

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
1 Summary of significant accounting policies
Basis of preparation
The financial slalemenls have been prepared under the historical cost convention and in
accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of
Ireland.
Turnover
Tumover is measured at the fair value of the consideration received or receivable, nel of discounts
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks
and rewards of ownership of the goods have transferred lo the buyer. Turnover from the rendering
of services is recognised by reference to the stage of completion of the contract. The stage of
completion of a contract is measured by comparing the costs incurred for work performed lo dale
to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice pri￿1, less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised al transaction pri￿ including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
Creditors
Short term creditors are measured al transaction price (which is usually the invoice pricel. Loans
and other financial liabilities are initially recognised at transaction nel of any transaction costs
and subsequently measured al amortised cost determined using the effective interest method.
Taxation
A current lax liability is recognised for the lax payable on the tsxable profit of the current and past
periods. A current lax asset is recognised in respect of a tsx loss that can be carried back lo
recover tax paid in a previous period. Deferred lax Is recognised in respect of all timing differences
be￿een the recognition of income and expenses in the financial ststemenls and their inclusion in
tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the
exlenl that il is probable that they will be recovered against the reversal of deferred lax liabilities or
other future taxable profits. Deferred tax is measured using the lax rates and laws that have been
enacted or subslanlively enacted by the reporting date and that are expected lo apply lo the
reversal of the timing difference, except for revalued land and investment property where the tsx
rale that applies to the sale of the asset is used. Current and deferred lax assets and liabilities are
not discounted.
Pmvisions
Provisions {ie liabilities of uncertain timing or amount) are recognised when there is an obligation
at the reporting dale as a result of a past event, it is probable that economic benefit will be
transferred to settle the obligation and the amount of the obligation can be eslimaled reliably.
Lgased assets
12

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
A lease is classified as a finance lease if il transfers substanb'ally all the risks and rewards
incidental to ownership. All other leases are classified as operating leases. The rights of use and
obligations under finance leases are initially recognised as assets and liabilities at amounts equal
to the fair value of the leased assets or, if lower, the present value of the minimum lease
payments. Minimum lease payments are apportioned between the finance charge and the
reduction in the outstanding liability using the effective Interest rate method. The finance charge is
allocated to each period during the lease so as to produce a constant periodic rale of interest on
the remaining balance of the liability. Leased assets are depreciated in accordance with the
company's policy for tangible fi'xed assets. If there is no reasonable certainly that ownership will be
obtained al the end of the lease term, the asset is depreciated over the lower of the lease term
and ils useful life. Operating lease payments are recognised as an expense on a slraighl line basis
over the lease term.
Pensions
Contributions lo defined contribution plans are expensed in the period lo which they relate.
2 Analysis of turnover
2024
2023
Fee Income
379,705
220,738
By geographical market..
Worldwde
379,705
220,738
3 staff costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
280,809
29.174
13,698
323,681
269,288
27,502
10,388
307,178
Average numberof employees during the year
Number
Number
Administration
4 Taxation
2024
2023
Analysis of charye in period
Tax on profit on ordinary activities
Factors affecting tax charye for period
13

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
The differences between the tax assessed for the period and the standard rate of corporation tax
are explained as follows..
2024
2023
Profit on ordinary activities before tax
86,975
554,030
Standard rale of corporation tax in the UK
200/0
200/
Profit on ordinary activities multiplied by the standard rale of
corporation lax
17,395
110,806
Effects of..
Expenses not deductible for lax purposes
117,3951
1110,8061
Current tsx charge for period
Factors that may affect future tax charyes
S Debtors
2024
2023
Trade debtors
Other debtors
62,578
2,450
65,028
9,130
27,849
36,979
6 Credltors.. amounts falllng due wlthln one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
10,867
36,200
41,354
41,354
47,067
7 Profit and loss account
2024
2023
At 1 August
Profit for the financial year
557,940
86,975
3,910
554,030
At 31 July
844,915
557,940
14

LONDON EDUCATION FOUNDATION
Notes to the Accounts
for the year ended 31 July 2024
8 Presentation currency
The financial ststemenls are presented in Sterling.
9 Legal fomi of entity and country of incorporation
LONDON EDUCATION FOUNDATION is a company limited by guarantee and incorporated in
England.
10 Principal place of business
The address of the company's principal pla￿ of business and registered office Is..
28 Portland Pla
London
England
W1B 1LY
11 Reconciliations on adoption of FRS 102
Profit and loss for the year ended 31 July 2023
Profit under former UK GAAP
554,030
Profit under FRS 102
554,030
Balance sheet at 31 July 2023
Reserves under fomier UK GAAP
557,940
Reserves under FRS 102
557,940
Balance sheet at 1 August 2022
Reserves under fomier UK GAAP
Reserves under FRS 102
15