REGISTERED CCIMPANV NUMBER: 00601049 IEn8lond and Wales?
REGISTEREO CHARITY NUMBER: 248226
REPORT OFTHE TRUSTEES AND
CONSOLIDATED FINANCIALSTATEMENTS
FOR THE YEAR ENOEO 31 AUGUST 2023
FOR
THE IMSnTLrrE OF LEADERSHIP
(FORMERLY THE INSTrruTE OF LEADERSHIP AND
MANAGEMENT)
J W Hlnks LLP
Chartered Accountants
and Statutory Auditors
19 Hi8hfleld Road
Ed8baston
8lrm1￿harn
815 3BH

THE INSnTifTE OF LEADERSHJP AND
MANAGeMENT
CONTENTS OF THE CONSOLIDATED FINANCIALSTATEMENTS
FOR THE YEAR ENOEO 31 AUGUST 2023
R•wrt •fth• Trurt••s
R•port otth• IndepEnd•nt Audlttxi
9 t¢ 12
Iithi•d Statement Of Fln•ncl•l A¢tIv￿1¢s
13
Con￿lI￿•t¢d ￿an¢t Sho•t
14
Par•nt Ch•rbty O•l•nc• Sh••t
15
Con501kl•t•d Flow St•t•m•nt
16
14ot•stoth• Con%lld•tsd Cash Flow Stit•m•nt
17
Notti to th• Fln•ncl•l St•l•m•nti
iu to JU

THE INSTITWE OF LEADERSHIP (REGISTERED NUM8ER: 006010491
REPORT OF THE TRUSTEes
FOR THE YEAR ENDED 31 AUGUST 2023
The trustee5 who are also directors of the chadty for the purposes ol the Companie5 Act 2(KJ6, present their report wlrh
the financial statement5 of the charity for the year ended 31 August 2023. The tNstÈè5 have adopted the provislons of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparln8 thelr
accounts in accordance with the Financ4al Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021
leffeciive l January 20191.
OBJEcnvES AND A￿l￿TIEs
ObSertl¥e5 gnd alms
The objectives for whlch The Instltute Is established are'the promotion and development of the science of managément.
and the advancement of education Involving the study of the skllls of leader5hlp and management"
The Instltute Is dedlcated io advancln8 the capabillty ol managers and leaders worldwlde throu8h the provlslon of tallored
lèarnin8 resources, and by developin8 and supporting a global lèadership and management cornmunliy throts8h Its
membershlp servlces.
The core actlvitiès of the Institute are the provislon of learThln8 re50urce5. the operatlon of St5 mernber5hlp proposI15on
and the curation of research locused on pra¢ticing leaders and man&ger5.
The Institute offer5 a range of resouries coverin8 fflana8ement, leadership, coaching and mentoring, business and
enterprise, and speclallst area5 (for example. flnancial services, military* education and charlty 5ertor 5UPPOrtI, all of which
are almed at developing people skllls, knowledge and understanding to improve performance at work or In Society at
large.
The Instlrute offers prolesslonal member5h5p which recogn15es the talent5 of leaders and managers at dlfferent stages In
thelr career. Mernber5hlp provldes professlonal reco8nltlon, èccÈss to a bespoke onllne leèrnlng envlronmeni

THE INSTITUTE OF LEADERSHIP (REGISTERED NUMBER: C￿01049)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST2023
5TK4TEGIC REPORT
Achlevement and performanco
With the tail-end of the Covid-19 pandemlc fadln8 (albeit reluctantly. apparently) Into mernory lor Most people, vary(n8
expeuations of'a return to Business A5 Usual, emerged. None wer2 r2ali5ed.
Domestically, a roller<oaster ride lor the already-Emb8ttled UK economy- bur8eonin8 inflation., a parade ol political
5canda15 involvin8 three Prime Ministers in as many month5., the dealh and succession- of a Monarch., all against a
DacK8rouna or Tne on8oing cosr-or-iivin8 pressure5.
Internationally, we saw the continuation ol a major European war,. the rlse ol soclal and political unrest #¢r¢5S the world,.
increasingly polarised pollllcs,. tensions arising between USA and China.. economic crises Hnd arrned conllict in several
Luuiiliie5.' d sLulL¥iiiix glvbal eioiioii)y,' and a general I￿at￿lse tliat seeined to grip rnedia aiid pundlts almcst everywhere.
It would be unsurprislng to see depressed performance amldst such a context, yet despite innumerable examples ol parlous
leadershlp In polltical and economlc sphere5, Ilfe as well as le3der5hip- 8oe5 on. and duriry FY23, The In5tStute both kepr
pro8ressln8 and made some profound strate&lc changes.
The Ilrst of thése was the acqulsStlon ol the simllarly-55zed ABE Global In early 2023, a nol-lor-profit 5k5115 development
specialist and Ofqual-re8ulated awar(Jlng organisation. ABE provide5 internationally reco8nised 4ualilicètlons In buslness,
entrepreneurship and employability. With an emphasis on internatlonal markets, and with a customer base clustered
round young peoplt and early-sta8e leaders, AaE is the perfect lit forThe Institute. This mutually-advanta8eou5 aCqUi51tlon
enables The Institute to benefit from ABE'5 talent for qualifications development. and for ABE learners tD access ihe loL
cornmunity that will support their future leadership journey. With more than one million alumnl worldwlde, ABE wlll also
enable The Institute to 8row our community of leadershlp practlce further, by bringing additional value to A8E alumnl.
The second strate8lc move was Implementlng our change of name, confirmed at our last AGM Sn March 2023. A8aln5r a51
expectatjon, the name change went relatlvely 5rn00thly. comin8 as It dSd with a change In our inrernet domaln name and
ernall addresses. all adoptln8 the'leadership.8lobal' label. Members were 8enerilly happy wlth the chan8e. not least
becausE It was relatively li8ht-touch, and the short-form 'loL' for Institute ol Leadership has been adopted by most
111 not all..11 of our Members and parrner5.
The thSrd and equally Visible strate8ic innovation has been the e5tabli5hment of a serles of 'anchorf event5. to support The
Institute's brand presence. Launchin8 the year with our 75 Ann5versary Ptouse ol Cornmon5 event an¢S accompanyln8
Anniversary Edition of EDGE gave us momenturn right at the start of FY23. We then turned International Leadership
Week 2023 into a truly global initiative, with our brand promoted by or8anisations on six continents Iwe didn't make
Antarctica yetl. aThd the intention is to continue with that ILW model, amassing advocates Worldwide. Reinforcing that
success was our first sizeable conference, 'leader5hip Live 2023., held in June, and attracting exhibitors, sponsors and
speakers from around Europe 3nd beyond. M05t important about IIW ènd leadership Live is thelr contrlbution to
year-lon8 series of events, wlth our second House of Comrnon5 event malntaSning the momentum Into the autumn.
culmlnating In our flr5t ever Leader5hlp Awards in November 2023.
That series exempllfies the shlft In The Instltute durinB the last thfee years, and iri particular since rhe start ol FY23. The
scale of our ambition on behalf ol our Members has 8rown beyond compare, and we now see the opportunlty to brand
vour Institute as the premier leadershlp cofflrnunity of practice a5 we head towards the second quarter of thi5 milleniurn.
The acquisition ol ABE. the streamlinin8 of our name and brand, the momentum gained from an annual 5erie5 of
Increasingly hi8h-prolilE events, all serve to attract attentlon, en8agement and reco8nitlDn from individua15 and
or8anisations around the world.
Throughout FY23. the Team at The Institute have been stahNart in their resilience. and ever rnre energEtic and innovative
in the development of ideas and initiative5. The whole Team has pulled together to continue rnornenturn and produce a
new and refrEshin8 ener8V that has carried over into the current financial year.
Page 2

THE INSTITUTE OF LEADERSHIP IREG15TERED NUMBER: t￿￿1049)
REPORT Of THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST2023
Achlevement and perform¥nce
FY23 has been a watershed forThe Institute, and we have begun laylng the foundarlons for confldent 8rowth over the next
75 years. brin8in8 to our Members even more relevant content, even more beneficial opportunitiès, and even rnore
valuable connections, from an Institute which our Members own, and of whlch they can feel tiuly proud.
Flnantial review
Flnancl81 poslilon
A Summary of The Institute's Ilnances Is set out in thè attached financial Statements for the year ended 31 August 2023.
The prlncipal source of income for The Instltute Is from membership income. After makin8 appropriate enquiries, the
trustees have a reasonable expectatlon that The Institute has adequate resources to continue In OPEratlonal ex15tence for
the foreseeable future. For thls reason, they continue to adopt the golng concern basls In preparin8 the Ilnanclal
statements.
Charltable income amounted to £3,515,86612022.. £2.091.2431. an 5ncrease on the previou5 year and Investment income
amounted to £348,24312022'. £330,040). Expendlture for the year totslled £3,959,67412022.. £2,252,806), representln8 a
$18nificant rèduction.
The movement In net resources for the year resulted in a dellclt of £380.85412022.. deflcit of £437,203) after allowlng for
net losses on invesimenis of £285.28912022: net105ses on Investments of £605,680).
Total unrestricted funds amounted to £12,603,42512022.. E12,984.2791 a5 at 31 August 2023 with Ilquid reserves (net
current assetsl of £1.141,049 12022.. £1,829.0431. The maloflty ol intan8ible fixed assets 01 £292.43912022.. £188.2641
reprcseni m8naBershlp.
Prlnclpal fundln8 souree$
The prlnclpal fundln8 sources for The InstStute are ¢urrently by way membershlp Income from Its members, partnershlp
and Institute approved Income and Investment income from Its Ilsted Investrnent portfollo.
R•s•rv•s poll¢y
The Institute's target 15 to hold sufficient free resèrves to fund It5 actlvltle5 In the event of a major fall In Income or an
unforeseen increase In expenditure, and that these reserves should equate to 12 months planned operat5n8 expendliure
forthe comln8 year, based on a ran8t of rnonthg over the year.
Whèn reviewing the reserves positlon, consideration 15 a150 8iven to whether lund5 should tse deslgnated to cover
expendlture on specific capital and other project5. There are currently no desi£nated funds.
The value of free reserves Is calculated by takin8 total fund5 exclusive of tanBible and intangible assets. On that basis the
value of free reserves at 31 Au8USt 2023 was £12.635.55412022.. E12,984,2791 and equated to $7 months expenditure
12022.. 69 months). The levels ol reserves are a feature of the full separatlon of The Institute from the Crf(v & Guild5 Group
nd not a result Df long-term accumulatlon by desl8n or neglect.
5fRucfuRE. fjOVERNAN￿ AND MANAGEMENT
Go¥ernln8 do¢um•nt
The charity is controlled by Its 8overnin8 documeni. a deed of trust, and c(Institutes a Ilmited company, Ilmired by
guarantee. a5 defined by the CompanSes Act ZOO6.
On 30 March 2023 8 special resolution wa5 passed chan8inB the narne ol the organlsatlon from The Instltute of Leadershlp
nd Management to The Institute of Leadership.
Page 3

THE INSTITUTE OF LEADERSHIP IREGISTERED NUMBER: (Th010491
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGusf 2023
sTRu￿vRE, GOVERNANCE AND MANAGEMENT
Charlty constltutlon
The Institute was formed under a Memorandum of Association dated 3 March 19S8 land subsequently amendedl anLI
Articles of Associèiion adopted on 28 June 2018. The Memorandum of A450ciation and the Articles are tO8ether deserlbed
In this report as 'the constitution
Under the constltijtlon, thp Board is requlred to Issue Bye.laws In rg.latknn to 50mp rnatter5, ha5 the 5peclflc power to issue
othefs, and may in addition issue any whlch it deerns nece55ary. txpediènt or convenlent lor the proper conduct and
management of The Instltute. A5 at tlie year ¥ii(J. ByeldW5 iii lurLe r¥loLed iu MeiTilJeislilyi Sludylii¥ MeiiiiJ&r&lbivi
Election ol Dlrectors, Facult5es, Advlsory Groups and Re8ular Members.
Re¢rultm•nt arKI appolntment of new tr115tees
As The Inslitute is both a charity and a company, members ol the Board are both charlty trustees and company Oireclors.
The 8oard consists of Directors, who are elected by the Voting Members. Inarnely the members of The Instltutel. The
number of Olrectors may be altered by a General Meeting of member5.
Or8•nlsatlonal struciure and de¢lsSon m•klnK
The 8oard is requlred by the constitution to ensure that The In5titute'5 bu5ine55 Is ¢ondu¢ted In 8ccordance v41th Its
r.harltabl? nhjo.rtiv?s. Thp. Bnard Is legally responsible for the governance and mana8ement of The Institute. It play7
strateglc role and. In thls context. considers and approves The In5tltute'5 annual buslness plan, and Is aci5vely Involved In
any proposal IDr chan8e to Ihe consrltution or Byelaw5. In thelr dellberatlons in relatlon to The In5tltute'5 aims. str3te8V,
objectlves and actlvitles, the Board has due regord not only to The Instltute's charltable purposè ￿t èlso to the guidance
on publlc benefit pub115hed by the Charlty Commission.
The Board sets and revlews The In5tltute's reserves Jnd investment pollcies. and regularly monitors the performance of
the invesrments. It approves and monitors compliance with other policie5. in particular the health and salety pollcy.
Executlve management is delegated to the Chlef Executlve, who p￿SentS regulJr report5 to the 8oard to enable it to
monitor the flnancial performance of The Institute and Its Pfo8ress toward5 meetlng It5 Strategic oblectlves. The Chlel
Executlve Ss supponed by a senlor manaBement team whose role5 cover all aspects of The In5t5tute's eurrent operations,
Its research and F)olicy activities, mernber5hlp. finance and buslness admlnistration, markeiln8 communlcaiions anil
busine55 development.
Indu<tl•n and tr•lnln8 ol new trust••s
8oard-related pollcle5 are reviewed accordin8 to a schedule approved by the Board, and cover Induction, development,
evaluation, conflicts manè8ernent. and matters reserved to the 8oard. The induction pro8ramme lor new dlrectors brlels
them on The In5titute'5 business and linancial affalrs and the dutles of company directors and charity trustee5 through
combination of a dedicated induction se55ion, inductioti pack ond meetin8S ￿￿th key personnel. The director'5 training
need5 are addressed throu8h a self-a55essment skills matrix, external 5erninars. briefin8 paper5, coufSES and as part of the
normal cycle of Board meetings, and a Ooard evaluation process 15 carried out annually. Board members do not receSve
any personal benefit5 unle53 there is IE8al authority for this. Any related party transauions are reported In the Annual
Report and Financial Statements.
Page 4

THE IN￿lTuTE OF LEADERSHIP IREGISTERED NUMBÉA: 006010491
REPORT OFTHE TRUSTEES
FOR TrIE YEAR ÉNDED 31 AUGUST2023
STRucfuRE. GOVERNANC£ AND MANAGEMEr
K•y man•B•ment remuneratlon
The Institute's Board determine the rerruneration and contractual conditions for the Chlel Executlve and oversee the
variable ￿muneratIon of other key members of the In5tltute's mana8ement team. tzking into account market condltions
and development needs lor The Institute.
The Instltute provldt5 a remuneration package including 8 basic salary. perforrnance-related bonus, company car, life
a5suiance covei, prlvate medical insurance and parricipation in The Instltute's siakeholder pension scheme.
Pa8e 5

THE INSTITUTE OF LEADERSHIP IREGISTEREO NUMBER: 006010491
REPORT OF THE TRUSTEES
FOA THE YEAR ENDED 31 AUGU5T2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
f115k rnan¥&ement
The Director5 keep under re8ular review. the risks to which The Institute is exposed and seek to lirnit their irnpact by
adoptin8 appropriate measures and monitoring thelr implementatson.
The Institute's H15k Ilegister recor(15 fisK5. ttheir Inherent ano residual ratings ana mitigation measure5. 1 ne Kegisters are
artively monitored by the Board. Risk and Finanp.e Commlrtpe and Senior Leadership Team alnng with the Chief Executlve.
Ali updated Risk Reglster. whlch track5 the movement of r15k, 5s available to The Instltute's Board at every Doard meetln8.
The strate8lc rlsks facln8The Instltute are under constant revlew, with key rSsk areas havlng been Identllled as folbws:
Flnancial.. ralsln8 the Income of The In5tltute to ensure the lon8-term 501vency of The Institute and the tar8eted
achievement of charltoble object5.
Reserves.. safe8uardln8 the real-terms value ol financial reserves throu8h diligent asset management.
Environmental.. re5pondln8 to soclo-economlc changes In respeci of trad￿lonal rnember5hSp partlcipatlon to ensure
on80illB en8a8ernent with our misslon.
Reputatlonal.. safe8uardin8 the reputatlon of The Institute from unprofesslonal, unethical or crlmlnal behav5our5 of staff
or rnembers.
. Wellbeing.. ensurlng the safety. health and mental health ¢f staff and volunteers en8a8ed in the wor* of The Instltute.
Investment In new products, services, systems and processes contlnues to be made to 5UPPQrt the on8oin8 delivery ol The
In5titute'5 mission and enable the revenue Erowth needed to reach a more sustainable tradin8 Posltion. In additlon to
these princip81 rlsks, The Instltute 55 sublect to the same general financlal and operational risks as other enterprlses.
The only material financial Instruments held by The Instltute are investments and debtors. The market risk pert?Ining to
the Investment portfolio Is mana8eiJ by CCLA but the Investment pollcy and budBetlng proce55 are such that The
Instltute's exposure 10 cash flow r15k Is minimised.
The credit rlsk rel?tln8 to debtors Is low 8lven that the balance represents a few relatlvely low volume item5 and a debt
from thè City & Guilds Group.
The Institute has no lon8-terrn borrowinBs and therefore liquidity r¢5k 15 rninimal.
In relatlon to managing price risk, prices of materials purchased are subject to contracts with suppliers. based on current
rnarket prices. Ri5k5 pertoining to suppliers are considered IDW and managed by following a robust procurement and
CDntractinR proces5 and monitoring of performance during the life ol the contract. Salary costs are communicated to staff
during the formal annual review of salarie5. The Institute operates a third-party auto-enrolment pension scheme and does
not share In any pension liabilitv.
The Chief Executive has responsibillty for en5urln8 that mltl8ation rneasure5 a￿ taken and reporting the positlon to the
Board, The Directors are satisfied thar approprlate actlon Is bein& or will be. taken to manage the strategie and
operational risk5 which lace The Institute.
Page 6

THE INSnTUTE OF LEADERSHIP IREG15TERED NUMBER: 1x16010491
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023
REFERENCE ANDADMINISTRATIVE DETAILS
Registered Company numb•r
00601049 IEn8land and Wales)
Re8lstered Char￿V number
248226
81steied offl
19 Hl8hlield Rtsad
Ed8baston
Birrnin8harn
B15 3BH
Trnstees
A 8 Kincaid
J Malawana
C Fl Mcnair
R Rlehardson Ires5gned 30.03.231
E L Robinson-Green
N l Ryletr-jones
S Playlord (appointed 24.8.221
M Adjei-Tèbirade lappoiThted 30.03.231
S F Fox (appointed 30.03.231
Comp•ny Settetary
M C Roblnson
Audltors
J W trflnks LLP
Chartered Accountants
and Statutory Auditors
19 Highfield Road
Ed8baston
Blrmingham
B15 3BH
Sollcltors
Pennington Manches LLP
9400 Garsington Road
Oxford Buslness Park
Oxford
OX42HN
Page 7

YME1145nTUTE OF LEADERSHIPIREGISTEAED NUMBER: ￿01049}
REPORT OF fHETRUSIEES
FOR THE YEAR ENDE031AiIGVST 2023
lIEFEREN￿ AND ADMINISYRAnVEOEfA￿S
Invq*menl advknri
CCLA
senator HOLrse
85 Queen Vlctorla Sireet
London
EC4V 4ET
STATEMENTOFTRUSTEES, RESP01451BlUf
The trustee5 (who are a150 the dlrectors of The Instltyjte of Leadershlp for th• purposes of cornpany lawl art rtspffisible
for prepBrln8 the Report of the frustees and the fln8nclal st&tements Jccordbnce wlth aPp1k￿le law and ￿n￿ed
Kin6dorn AccountSn8 StandDrds (United Kingdorn Generally AcceptedAttountlni Practlcel.
Cgmpany 18w requlTe5 the trustees to prepare flnan£l•l statsments for each ftn•n¢lo1 year whlch glve a true and f&r vlew
of the state of affalrs of ihe char￿¥ble company ond of the Incom5n8 resourtes ind appllc4tlon of resources, Includlng the
Income and ixp•ndliure. of th2 Ch•r￿¥ble ¢ompJny for thit pvrfod. In prewrtft8 those fln•nclal statsrnents. the trusteès
are fequlred to
$ele£t suttable 4ccounUn8 polkles and th¢n appty thern conslst•ntly,
observe the rnethod5 8nd prlnclples in thechèrlty SOAP.
makejud8ernents and estimates that are rea50nablE and pNdent'
state whether Jppllcable accoundni stèThd8rds h4v• baen followed. wblert to any mat¢rl•l departures dlstlos•d and
expl8lned In the flnanclal ststernents,.
prepare the Ilnanc5315taternents on the 105n8 conwn b4sts unless It Is Inapproprlate to pr￿Urne th• ch•rIt•￿t
mpany wlll contlnue In buslness.
The trustee5 are respotsslble for keepln8 prnper •ccountln8 recrrfds Yrfhlch dlscbs• wlth re•son•ble •ccur•cy 8t dw tlme
thè flnancial pos￿10￿ ol the chor5t4ble company •nd to enable them to eThsur¢ that the financlil statements comply wlth
thè CDrnpanles Act 2006. They are also re5ponsltJle for safeguardlng the assets of the charltable compaw and hence for
tèkln8 reasonabl• 5reps for the praventlon and detectloTr of frawj and otherlrresul•rlties.
lm $0 f4r os thotfusiee5 bre8waTe'.
there Is no relevant Infom￿[0￿ of whlch thetharltabla •udlt•rs •r• vn4w•r•.' an41
the twste•5 h•v• t8ken all step5 that they ou8ht to hove taken to make themselves gware of any relevant aud
Inforrn8tlon and to e$tabllsh th•tthe aud6tOf5 Bre aw8reof th•t Infwmotlon.
AUDITORS
The audltors, J W Hlnks LLP, wi15 be proposed forfe-•ppointmeTrt ￿ the forthcomlnl Annual Gtrttral MÈÈtln8.
Report of the trustee$, inrorpora¢ln8 a strate8k report approved by order of the b¢Mrd ol trustees, ￿ the company
dlrertors, on 15 Oecembs 2023 ènd SI￿ed on the board's behlf by:
E LRobinson-Grepn. Tru5te•
Page 8

REPORT OF THE INDEPENOENT AUDITORSTO THE MEMBERS OF
THE INSTITUTE OF LEADERSHIP
Oplnlon
We have audited the flnancial statements of The Institute of Leadership (the 'parent charitable company'l and its
subsidiaries Ithe 'group'l lor the year ended 31 August 2023 which comprise the Consolidated Statement of Financlal
Activities, the Consolidated Balance Sheet, the Parent Charity 8alance Sheet. the Con501idated Cash Flow Statement and
notes to the financial ststements. includlng a summary of si8nificant accountlng pollcles. The financial reportlng
framework that has been applied in their preparation Is appllcable law and United Kingdom Accountlng Standards IUnitEr*
Kingdom Generally Accepted Accountin8 Practicel.
In ouropinion the flnancial statement5'.
Blve a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 August 2023
and of its Incoming resources and appllcatlon ol resources. including Its income and expenditure. for the year then
ended..
havè been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordance wlih the requlrement5 01 the Cornparbies Act 2006.
Basls for oplnlon
We conducted cur audit Sn accordance wlth International Standards OD Audltlng IUKI IISAS IUKII and appllcable law. Our
re5ponsibllltie5 under those standard5 are further described In the Auditors, re5pon5ibllities for the audli ol the flnanclal
statements section of our reporr. We are Sndependent ol the charltable company In accordance wlth the ethlcal
requirements that arè relevant to our audlt of the linanclal statements in the UK, Includln8 the FRC'S Ethlcal Standard, ond
we have fulfilled our other ethical responsibilities In accordance with these requirements. We belleve that the audlt
evidence we have obtained is sullicient and appropriate to provide a basls lor our opinion.
C41ncluslons relatlni to￿)ft8 roncern
In auditlng the financial siatemenis, we have concluded that the trustees, use ol the 8oing concern ba515 of Jccountin8 In
the preparatlon of the flnanclal 5tatement$ Ss approprlate.
Based on the work we have performed, we have not identllled any materlal uncertaintles relatlng to events or condltlons
that, individually or collectlvely. may cast s18nllicant doubt on the charitable company's abllity to contlnue as ¥ golng
corscern for a perlod of at least twelve rnonLh5 from when the financlal statements are authorlsed for issue.
Our responsibilitits and the responslbllities of the trustees wlth respect to 80ln6 concern are de5crlbed ln the relevant
5ectlons of this report,
Other Informatlon
The tru5tee5 are responsible lor the other Information, The other informatlon comprises the information included in the
Annual Report. other thaTh the financial statements and our Report ol the Independent Auditors thereon.
Our opinion on the financial statements doe5 not cover the other information and, except to the extent atherwise
explScltly stated in our report. we do not express any form of a55urance conclusion Ihereon.
In connection with our audlt of the flnancial statements. our responslblllty Is to read the othEr infcrmation and, in doin8
so, consider whether thÈ other informatSon Is materially inconsistent wlth the flnancial statement5 or our knowledge
obtained the audit or otherwise appears to be materlally misstated. If we identify such material inconsistencie5 Of
apparent rnaterlal mi55tarements, we are requirèd to determine whether this 8l¥es rise to a material rnis5tatement In the
financial statements themselves. If, based on the work we have performed, we conclude that there ig a material
ml55tatement of this other informatlon, we are required to report that fact. We have nothlng to report in this regard.
Page 9

REPORT OF THE INDEPENOE14T AUDITOBSTO THE MEMBERS OF
t i eA JC￿E¥•P
Oplnlon5 on other matt•rs pr4$crfb•d by th• Companles Art 211
In ouropinlon, based on the work undert3ken in the course of the audit..
the information given in the Report ol the Trustees for the financial year for which the flnancial statements are
prepared is con515tent with the financial statemenrs,. and
the Report of the Trustees has been prepared in a£cordanee with appllcable legal requirements.
Matters on whlch we am re9ulred io report by exceptlon
obtained in the course of the audit, we have not Identified maierlal mlsstatement5 in the Report of the Trustee5.
We have nothln8 to ￿port In respect of the following rnnttcrs where the Companler Act 2¢X16 requSre5 US to report to you
If, In our oplnlon..
adequate accountlng records have not been kept or retum5 adequate lor our audlt have not been received from
branches not vlslted by us,. or
the flnanclal statements are not In agreement with the accountin8 records and returns,. or
certaln disclosure5 01 tru5tees' remuneration speclfied by law are not made.. or
we have not received all the information and explanat5ons we require for our audit.
R•sponslbllltles oltrust*ès
A5 explained more lully In the Statement ol Trustees. Responsiblli¢les. the trustees (who are also the dlrectors of the
¢haritoble company for the purposes of company lawl are responsible for the P￿paratIOn of the flnancial statements and
for bEin8 satisfied that they 8ive B true and falr v5ew, and for such internal control as the trustee5 dÈtermlne is necessary
to enable the preparation ol financial statement5 that are free from materlal misstatement, whether due to fraud or error.
In preparln8 the flnancl81 staternentS. the tfustees are responslble for asse551n8 the Group'5 and parent charitable
company's abllity to continue a5 a 8oin6 concern. disclosin& as applScable, matters related tD 8oln8 concern and uslng the
80in8 concern basis of accountln8 unle55 rhe tru5tee5 either Sntend to liquldate the Group or charitable cornpany or t¢
tease operntlons, or nave no reallsiic akernatlve but to do so.
Page 10

REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF
THE INSTITLWfE OF LEADERSHIP
Our fespon51bllltl•sforihe ludh ol thè financlal statements
Our objective5 are to obtain reasonable assurance about whether ihe finantial statements a5 3 whole are free from
material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our
opinion. Reasonable assurance is a hi8h level of assurance but Is not a Buarantee that an audlt conducted In accordance
wilh ISAS IUKI will alway5 detect a material misstatement when it exists. Mis5taternent5 can arise from fraud or error and
are considered material il. individually or in the aggregate, they could reasonably be expetted to influence the econornic
deci5i0n5 of users taken on the basis of these financial statements.
Irregularltles, Includin8 Iraud, are Instances of non-compliaTrce with laws and reRul&tfjons. We desl8n procedures in line
wlth our responsibilltie5, Outlined above, to detett materlal mi55tatement5 in respert of irregularities, includlng fr8ud. The
extent to wh5ch our Pr￿edureS are capable of detectln8 irre8ularitles. Includi￿ fraud. is detailed below.
We Identlfied areas of laws and regulatlons that could reasonably be expetted to have a materlal effect on the flnanclal
statements and di5CUSsed the policle5 and procedures re8ardln8 compllance.
Spe£lfic area5 coThssdered were Js lollows:
Enqulrin8 wlth mana8ement and other5 to gain an understandin8 of the or8anis8tlon itself Includin8 operatlcn5, flnanc5al
reportlng and known fraud or error.
Evaluatin6 and understandin8 the internal control systern.
Performln8 analytical pro£edure5 as expected variances in account balances or classes of transactions appear.
- Testing documentation supportlng account balance5 or cla55es of transactions.
CMin8 to the Inherent limStations of an audit, there is an unavoldable rlsk that we may not have detected all Irre8ularitles
includln8 those leadln8 to materlal mlsstatements In the flngncial statements or non-compliance wlth re8ulaiion. even
thou8h we have property planned and performeLI our audlt in accordance v41th audltlng standard5.
Thls risk Increises the more that compliance wlth a low or regulation 15 removed frorn the events and iransactlons
rellected In the flnanclal statements, as we wlll be less likely to become aware of Instances ol non-compllance. The risk Is
also 8reatei re8ardin8 irre8ularitie5 occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, colluslon, 0rn1sslon or misrepie5entatlon.
A further descrlption of our re5pon5ibilities for the audlt of the fSnancSal statements is located on the Financial Repcrtins
Council'5 website at www.frc.or8.uk/audltorsresponsibilities. This descrlption forrns part of our Report ol the Independent
Auditors.
Page 11

REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF
ThE It45TITUTE OF LEADEF15Tr11P
Use of our repon
This report Is made solew to the charitsble company's members. as a b)dy. in aceordance wtth Chapter 3 of Part 16 of the
Companie5 kt 2C116. Our audlt work has been undertaken so that we rni8ht State to the charitable company's members
those matters we are required to slate to them in an auditors. report and for no other purpose. To the fvllest extent
pemiitted by law, we do not accept or 355ume respon51bllfty to anyone other than the charltable company and the
charitable cornpany'5 member5 05 • b¢th, for our audit worl forthls rewrt, or forthe oplnions we have formed.
James Cruse ACA, FCW Bsc (Econl Hons (Senior Statutory AudStor
for and on behalf of I W Hlnk5 LLP
Chartered AccguntJnt5
and Statutory Audltors
19 Hlghfield Road
Edgbaston
8irmin8ham
BIS 3BH
IS DKember 2023
Page 12

THE INSTITUTE OF LEADERSHIP
CONSOUDATED STATEMENT OF FINANCIAL ACTlVftlES
FOR THE YEAR ENDÉD 31 AUGUST2023
2023
UnrestrlrtEd
lunds
2022
Totsl
fvnd5
Notès
INCOME AND ENDOWMENTS FROM
Donations and le8acies
Ch•rltabl• artlvtfi
Mernbership and exarninatlon
Other
3,040W2
475,024
1,703.664
387,579
Investrnent Income
34B243
330,040
Total
3J64.109
2,421,283
EXPENDtWRE ON
Ch•rlt•bl• •£tlvltlE5
Membership and examlnatlon
Other
3,063,171
896,$02
1,830,578
422,228
Tot•1
3,959,674
2,252,806
Net Ilossesl 18aln5 on investment5
285,2891
605,6801
NET IEXPENDttUREI I INCOME
1380,8541
1437.2031
RECONQUATION OF FUNDS
Total lunth brou8ht forward
Jl.984.279
13,421,482
TOTAL FUNDS CARRIED FORWARD
12,603A25
12.984,279
The income of the parent charitywas £2,567.99712022', £2,390,235I and the operat5n8 deflcit lor the yearwas £348,725
12022.. operating deficit of £437,203).
The Consolidated Statement of Financial AttivltSes Include5 all 8aing and losses reco8nlsed In the year.
The nores forrn part of these financial statements
Pa8È 13

TIIEINSTITL•TE OF LE*I>ERSHIP (REGISTEIIED NIIMBER: 0060XWI
CONSOLIDATEO BALAN(E SHEET
31 AUGUST 2023
2023
UnresNlct•d
2022
Totttl
funds
Note5
FIXEO ASSErs
Intanglble 855ets
io
292N39
10025
II177A19
188,264
4,264
10.962.708
Investments
12
IiA80.6
CUARENT ASS
Debtors.. amounts f)Ilin8 due wlthin one year
Debtors.. amounts f&llln8 dug after morethan on•
yeor
Current a35et Investments
Cash at bank
11,155,236
13
&Z78AOO
80L607
13
5WOOO
4.576
1.226NJI
I,o)o.(
1.272,110
1009A07
REDIY0115
Amounts fallln4 due wlthln one ye4r
3,073,717
14
11,868,3381
11,244,674)
NEY CURRENT A￿15
141,049
1,829,043
TOTALASSETS LESS CURRENT UABIUTIES
1162L733
12,984.279
AEDITOAS
Amounts fallln8 du• In more than one ye•r
15
118J08)
42S 12.984,279
FUND5
Unrestikted funds..
General fund
D¢sl8n•tEd fund
17
10.570,106
2 033,119
12,984,279
TOTAL FUNDS
12A03 425
12,984.179
The financial statements wereapproved by the Board of Trust￿$ and authorlsed for1$5ue on IS Decemlmr 2023 and were
s[￿ed ￿ lis behalf by..
E L Roblfison-Green- Trustee
Kln¢•ld-Trustee
The nLwform part ofthese finand41 ststements
Page 14
continued...

THE IPISTrri)Te OFiEAOERSHIP IREGisfERED NVMOEII.. 006010191
PARENT CHAAITY BAiA•Kf SNEEr
JI AUGUST 2023
2023
Unregtrl¢t4d
2022
Total
fvnds
FIXED ASSEIS
Intan8lble as$ets
Tat)8lbte issets
Investments
Noies
io
li
12
7i746
95
11.177,519
188,264
4,264
10,962,808
CUAREMY ￿Er$
Debtors.. amounts fallln8 due wlthlTr one year
Debtors.. amounts falllng duè aftermore than one
ve8r
Cbsh * bink
112fj0JISI
11,155.336
13
1.603,133
932,128
13
soo.ooo i,cw,co)
178.ln
939 315
CREDITORS
Amounts falllng due wlthln one ￿41
uai,40ffj
2.871,443
14
11,0415C¥JI
NEfcuAftENT ASS
874696
1.828,943
TOTALA5SETS LESS CIIRRENTiIABiimu
IIA35.554
12,984.279
NEfASSETS
635,554
12,984,279
FUNDS
Unre5trlct•d funds..
G•nerql fund
Desl8nèted fund
17
iOA02.195
2 033J19
12,984279
TOTAL FUNOS
12 635 SS4
12 984 279
The ftnaTrcl*l st4t•mentJ were appro¥•d byihe of Trustee5 and •uthor&ed for Issue on 15 December 2023 and we
$18ned on Its behalf by..
s ptrmltted by $4108 of the Compbnies Att 21x16, the parent cornpèny ha5 not presented Its own profft ond loss account
Ind rdated notes. The compan¢s dellclt for the year was E348,72512022- dèftclt of £437,203).
E L R￿n$On-fjreen. Trustee
A O Xlntakl- Trustee
The note5 forrn partof these flnancièl Statements
P¥e 15
ontlnued...

THE INsrrruTE OF LEADERSHIP
CONSOLIOATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Notes
Cash Iltr￿ from oper8tiry artiwltie5
Cash generated from operations
337.924
800,144
Net cash provided by oper*ln8 actlvltles
337.924
800,144
Sh lows Irt)m Invertln8 actlvlti•8
Purchase ol Intan8ible fixed assets
Purchase of tangible fixed assets
Purchase Df flxed asset Investments
Sale of limed asset Investments
Purchase of 5ub51dlary
Cagh acquired wlth subsidlary
Capital repayments
180,3211
19.5601
I500￿￿)>
114,1001
13.4711
136,1841
246,697
4,2351
Net cash Iu5ed Inllprovléed by Investln8 actlvltles
383,6031
17 5711
Ch•n4• In cash and Cash •qul¥•l•nts In th•
reportlThK perlod
C35h and ush equk¥•l•nt$ •t th• brflnnl
ofth• report1￿ porlod
145,6791
782,573
l.Z72,110
489.537
Caih and ush equlvalents at the end ol the
r•pw¢ln8 porlod
1,226,431
1,272.110
The notes form part of these flnancial statements
Page 16

ThE INSTITUTE OF LEADERSHIP
NOTESTO THE CONSOLIDATED CASH FLOW STATEMEI4T
FOR THE YEAR ENDED 31 AUGUST2023
RECONauATION OF IEXPENDITUREVINCOPIIE TO CASH FLOW FROM OPERATING AcfiviTIES
2023
2022
Net l?xpendlturellln¢ome forthe reportlng perlod las p•r th•
Consolid•tÈd Statement ol Fln•n¢l•l Actl¥ltle51
I380￿54)
1437.2031
Adjustments lor:
Depreciatlon charges
Lossesllgalnl on investments
Ilncreasel/decrease In debtors
Increaselldecreasel In credltors
188.412
285,289
1139.0401
384.117
2S2.541
605.680
403,471
24.3451
Net c•sh provld•d by operbtlons
337,924
80e,144
ANALYSIS OF CHANGES IN NEf FUNDS
At 1.9.22
sh flow
At 31.8.23
14ot Msh
Cash at tsank
I Z72.110
45 6791
1,226,431
1,272,110
45.6791
1.226N31
Tot•1
1.2n.iio
45,6791
The notes form part of these financial 5tatementS
Page 17

THE INSTITLrtE OF LEADERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 1023
ACCOUNTING POLlaES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements ol the charltable company. which 15 a public benefit entlty under FRS 102, have beeTr
prepared in accordance wlth the Charities SORP (FR5 1021 Accountin8 and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reportin8
Standard applK3blp. sn thp UK and Reoublit of Ireland IFRS 1021 lellective I lanuarv 20191,. Financial ReDOrtinR
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Cornpanies
Act 2006. The financial Statements have been prepared under the historical c05t convention. with the exception of
Inveslmen¢s which are included at market value, as modified by the revaluation ol certain asset5.
The Consolidated Statement of Financial Artivities ISOFAI and Consolidated 8alance Sheet consolidated the
Ilnanclal statements of the Group and its subsidSary undertakings. The results of the subs5diaries are consolldated
on J line-by-line basls.
Thè presentalional currency ol these fin4n¢ial statements is Great Brftlsh Pounds IGBPI. All amouTht5 have been
rounded to the nearest £1.
The company is a company limlted by8uarantee. The members of the cornpany are the Trustees named wlth5n the
rrustees Report. In the event ol the cornpany being woun(J up, the liabllity in respect of the guarantee Is Ilmlted to
£1 per member of the company.
CRITICAL ACCOU14TING JUDGEMENTS AND KEV SOURCES OF ESTIMATION UNCERTAINTY
In preparing the financial Statements, the dlrectors are requirod to make Èstimates and assumptlons whlch affect
Income. expendlture, assets, Ilabllltles and discI05e contingÈnt assets and IlabS1itSes. Use of avallable Snlormatlon
and applScatlon of judgement5 are Snheren¢ in the formatlon ol estlmaies, 108ether wlth past experience and
empectaiions of future events that are belleved to be reasonable under the Eircumstances. Actual results in the
future could dSffer from such estimates.
INCOME
All Sncome 55 recognlsed in the Staternent ol Financlal Activ5ties once the charlty has entitlement to the fund5, St Is
probable that the Income will be received and the amount can be measured rellably. Income from subscrlption5 15
Included in the period to whlch Ihe subscriptlon relates. Subscriptions paid in advance at the balance Sheet date
are deferred and shown In credltor5. Examination ènd centre re8iStration lees are rKogni5ed to the extent that it
is probable that the economic benefits will flow to the company and the revenue can be reliably measured.
EXPENDMIRE
Liabilities are recognised as expenditure as soon a5 there is a le8al or constructive obligation commlttin8 the
charity tts that expenditure, it is probable that a transfer of economlc benefit5 will be required in Settlement and
the amount of the obli8ation can be measured rellably. Expenditure 15 accounted lor on an accruals basis and has
been cl355ified under headin85 Ihat ag8re6ate all cost related to the cate80ry. Where costs cannot be directly
attributed to particulaT headlngs they have been allocated to activities on a basis consistent with the use ol
resources.
Ir￿CoVerable VAT has been charged io the Statement of Financi81 ktivitie5.
ALLOCATI1￿ A14D APPORTIONMENT OF COSTS
Re5ourc£s experded are allocated to the particular activity where the c05t ￿lateS lyirectly to that activity.
However, the c05t of 5UPPOrt of the overall operation are allocated to each activity based on the propgrtion of
incorne generated.
Pa8e 18
continued...

THE INSTITUTE OF LEAOERSHIP
NOTES TO THE FINANCIALSTATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST 2023
ACCOUNTING POLICIES- contlnuqd
INTANGIBLE FIXED ASSETS
Intan8ible fixèd assets are stated at cost less accumulared amort15ation and impairment 10sse5. Cost includes the
ori8inal purchase prfce of the assèt ané the costs attributable to brln8ln8 ihe asset io Its workln8 condltion for it5
intended use. All assets are consldered to have a flnite USEful life and are amorti5ed on the followirKq bases..
Webslte
Trademarks
Computer 50ftware
33% on tost
20% on cost
20% and 33% on cost
TANGIBLE FIXEDASSEfs
Tangible fixed assets under the cost model are stated at historic c95t le55 accumulated dep￿CiatIOn and any
accumulaied Smpairrnent losses. Historical cost includes expenditure that Is directly attrlbutable to bringing the
asset to the Iocatlon and condltlon necessary for It to be capable of operating in the manner Intended bv
management. Depreclatlon Is provlded on the lollow4n8 bases..
Flxtures and fltlin8S
Computer equipment
20% and 25% on cost
33% on cosi
The assets, resldual values, useful lives and depreclatlon methods are reviewed, and adjusted pr05pectlvely If
appropriate. or if there 15 an inijlcation ol a $18nificant chan8e since the last reporting date. Gains and10s5e5 on
di5posa15 are determined by comparin8 the proceeds with the carrying amount and are reco8n15ed In the
Statement ol Financial Activities.
TAXATION
The charity Is exempt from corporatlon tax on bts char5iable activltles.
FUND ACCOUNTING
Unrestrlcted funds can be used In atcordance wlth the charltable oblectlves at the dlscretlon of ihe irustees.
Restricted funds can only be used lor partlcular restrlcted puiposes wlthiTh the objects Ot the charlty. Restrlctlons
arlse when speclfied by the donoror when funds are ralsed for partlcular restrlcted purposes.
PENSION COSTSAND OTHER P05T4ETIREMENT BENEFITS
The chèrlty operate5 a defined contribution pension scheme. Contributlons payable to the ¢harltatsle compBnv'
pension scheme are charged to the Statement of Flnanclal Actlvitles in the perlod to which they rel?te.
INVESTMÉNTS
Quoted Investments have bèèn Included in the Balan￿ Sheei at bid prlce. The relevant unrealised 8ain/105s on
nvestment values, calculated as movèment In the market value of an asset durln8 the year is reported through the
Statement of Financial Activitie5.
Investment incorne include5 interest receivable on deposlt and income from listed inve5tment5. Investments In
subsidiary undertakinBS have been included in the 8alance Sheet at hlsiorlc cost less any potential impairment.
CURRENT ASSET INVESTMENTS
Current asset investments comprise fixed term deposit accounts and are stated at fair value.
FINANCIAL INSTRUMENTS
All financial instruments ère recognised at hlstorlcal cost other than Investments which are recogni5ed at bid or
fairvalue.
Page 19
contlnued...

THE INSTITUTE OF LEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS. coNlnu•d
FOR THE YEAR ENDED 31 AUGUST 2023
ACCOUNTING POLICIES- eontlnued
FOREIGN EXCHANGE
Transactions in currencies other than ptsunés sterling are recorded at the rates of exchange prevailing at the dates
of the transJction5. At each rewrting end date. monetary assets and Ilablllties that are denominated in foreign
curren£ie5 are retranslated at the rates prevaillng on the reporting end date. Gain5 and 1055es arlsln8 on
tr8nslatlon in the period are included in the Statement of Financlal ActSvlties.
OPERATING LEASE COMMITMENTS
Rentals payable under operating lease5, including any lease Incentlves received, are efiar8ed to the Siaiement of
Flnancial Activities on a stral8ht-line basis over the term of the relevant lease except where another rnore
5YStematic ba515 Is more representatlve of the tlme pattern In whlch economic beneflts from the lease a55et5 are
eonsumed.
GOING CONCERN
There are no 518nlllcant doubts about The Instltute's ablllty to continue a5 a going concern as there are currently
$18nlficant cash and 5nvestment fund balances. p051ti¥e net current assets and siable Income streams. The Institute
continue5 to receive income from City & Gullds followin8 Sts separation. There are no rnaterial uncertalntle5 to be
distlosed.
DONATIONS AND LEGACIES
1023
2022
Don8tlons
INVESTMENT INCOME
2023
2022
Interest on deposlts
Dlvidends received
10,619
337,624
404
329.636
348,243
330,040
INCOME FROM CHARITABLE A￿1VITIEs
2023
Total
activities
2022
Total
activities
Membership
& Examlnatlon
Other
Individual membership
Commercial membership
Commerclal income
Diploma income
College lees
Other income
1,220.806
785,647
I.220￿6
785.647
431,973
843,228
191,161
43,051
1,117,045
586,619
369.930
431.973
843,228
191,161
43.051
17.649
3.040.842
475,024
3￿15,#66
2,091,243
Page 20
continued...

THE INSTITUTE OF LEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS. (ontlnued
FOR THE YEAR ENOEO 31 AUGusf2023
CHARITABLE AcfiwTIES COSTS
SuppDrt
costs (see
ntste 61
Direct
Costs
Totals
Membershlp and exarnination
Other
2.288,257
774.915
896.502
3.063,172
896,￿2
2.288,257
1.671.417
3.959.674
SUPPORTCOSTS
Govemance
costs
Other
Totals
Membershlp and examlnat5on
Other
774.915
856,348
40.154
815,069
856.348
1.631.263
40,154
1,671A17
NET INCOMEIIEXPENDITUREI
Net Incoméllèxpenditurel15 5tJted after char8ing/lcredltinBI'.
2023
2022
AudltOfS' remuneration
Computer equipment depreclatlon
Trademark 3rn0rt15atlon
Website amortisatlon
Computer software amortisation
34A50
3.574
1,168
3,420
180,249
11,200
3,015
1,078
248.448
TRUSTEES. REMUNEIIAMON AND BENEFITS
There were no trustee5' remuneratlon or other beneflts lor the year ended 31 August 2023 nor for the year ended
31 Au8USt 2022.
During the year ended 31 Au8USt 2023, E L Robinson-Green received remuneratlon of £I,SC￿ll2022.. £NIII from the
subsidiary tompany ABE Global Llmlied In hls capacity as a director of that cornpanv.
Pa8e21
contlnued..-

THE INSTITUTE OF LEADERSHIP
NOTES TO THE FINANCIAL STATEMENTS. ¢ontlnu•d
KIR ThÉ YEAR ENDED 31 AUGUST 2023
TRUSTEES, REMUNERATION AND BENEFITS. contlnued
TRUSTEES, EXPENSES
Durin8 the year ended 31 August 2023 expenses of £2.24712022.. £5281 were rtimbursed to trustees.
STAFF COSTS
20ZJ
2022
WaKes and salarles
Soclal security costs
Other penslon costs
1,519,114
160,379
82,470
993.799
lQ7.337
60,470
1761,963
1,161,606
Included above are also redundancy costs of E23,33612022'. E40,2211.
The average mgnthly nurnber of •mpluyt•s durlnB the year was as follows..
zozJ
53
2022
23
Membershlp and e￿rniDation
The number of ernplcsyees whose employee benefils (excludin6 employer penslon costs) exceeded £60,0￿ was..
2023
2022
£60,001- £70.000
É70,001- £80.000
E80,001- £90.000
£y¥J,OOi . £i(W,O(M)
Éioo,000- £iio.t
DurlnB thè year ended 31 Au8USt 2023 an amount of £432,081 12022.. £325,562) was paid to key manaBement
personnel which Included redundancyc05ts of f Nll12022.. £NIII.
Pa8e 22
continued...

THE INSTITUTE OF LEADERSHIP
140TES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST 2023
io.
INTANGIBLE FIXED ASSETS- GROUP
Computer
softwafe
Website
Trademark
TDts15
COST
At I September 2022
Addltlons
Acqulred
5,390
2005
1.182,440
77.516
1.332,965
1.187,830
80,321
1065,952
132.987
At 31 Au8USt 2023
132,987
8.195
2.592,921
2,734,103
AMORT15ATION
At I September 2022
Char8e foryear
Acquired
309
1,168
997.257
IBO,250
1.144J60
999,566
184,838
1.257.260
3,420
112.900
At 31 August 2023
116,320
3.477
2.321,867
2A41,664
NET BOOKVAWE
At 31 August 2023
I6￿67
4,71B
271,054
292,439
At 31 Augus12022
3.081
185.183
188,264
INTANGIBLE FIXED ASSETS- COMPANY
Computer
501iware
Web5he
Trodemark
Totals
COST
At I Septernber 2022
Additlon$
5390
2,805
1,182N40
34,532
I.187￿30
37a37
At 31 August 2023
8,195
1216.972
1225,167
AMORMSATION
At 1 September 2022
Charge lor year
2,309
1.16
997257
151.687
999.566
152ASS
At 31 August 2023
3,477
1.148,944
1152,421
NET BOOK VALUE
At 31 August 2023
4.718
68.028
72.746
At 31 Au8USt 2022
3,081
185.183
188,264
Paee 23
continued...

THE INSTITUTE OF iEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS- contlnutd
FOR THE YEAR ENDED 31 AUGUST Z023
ii.
TANGIBLE FIXED A￿E75- GROUP
Fixture5 &
rittin8S
Computer
equipment
Totals
COST
At 15eptember 2022
18.048
61,IM4
79.132
9,5E
106N95
12Qh301
Mu
Acquired
Di3p05a15
lJ35
1112571
104.560
19.A731
At 31 Au8USt 2023
8.726
166.031
174.757
DEPREOATION
At I September 2022
Char8e for year
Acqulred
01sP05a15
181148
56A20
3,S74
IOJ.984
9.1731
74A68
3,574
105,919
1,935
11,2571
At 31 Au8USt 2023
8.716
155,205
163.931
NET BOOKVALUE
At 31 August 2023
10,826
IOJ26
At 31 August 2022
4,264
4.264
TANGIBLE FIXED A55ETS- COMPANY
Flxtures &
filtin8S
Computer
equlprnent
Totals
COST
At I September 2022
Additions
DISpo￿lS
18,1)48
61,084
79,132
9.560
20A30
112571
19,1731
At 31 August 2023
61,471
68.262
DEPRECIATION
At I September 2022
Char8e lor year
Disposals
18J148
56A20
3331
,1731
74168
3,231
20A301
11,2571
At 31 August 2023
50.878
57M9
NET BOOKVALUE
At 31 Au8USt 2023
10,593
10.593
At 31 August 2022
4,264
4.264
Page 24
contifiued...

THE INSTITUTE OF LEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS- t¢)rtlny¢d
FOR THE YEAR ENDED 31 AUGUST 2023
12.
FIKED ASSET INVEStME14TS
Shares In
Broup
undertakSn8S
Listed
Investments
Totals
MARKETVALUE
At I September 2022
Additions
Revaluation5
ith)
10,962,708
5fy)000
1285.2891
10,962
500,000
1285,2891
At 31 August 2023
loo
11,177.419
11.177.519
NET 8OOKVALUE
At 31 Au8USt 2023
100
11.177A19
11.177.Slg
At 31 Au8USI 2022
Ic*)
10.962,708
10 962 808
Llsted inve5trnents at 31 August 2023 were made up as loll¢w5'.
Cat•80ry
UK and Overseas Equltles
Pr￿ate Equtty and Other
Infrasiructure and Operatln8 Assets
Propertv
Contractual and Other Income
Flxed Interest
Cash and Near Cash
20231%1
72.07
3.25
6.B6
3,07
20221%>
70.56
1.44
9.19
4.54
2.94
8.73
11.33
Total
100.oo
ioo.¢J)
Cost or valuation at 31 August 202315 represented by..
Shares In
youp
undertaklnls
Llsted
5nvp5tments
Tot•l>
Valuation in 2023
C05t
11.177A19
11,177,419
100
loo
loo
11,177AIY
11.177,519
The Eornpany's investments at the balance sheet date in the share capital of cornpanles Include the followin8'.
Page 25
continued..

THE INSnTUTE OF LEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS. contlnued
FOR THE YEAR ENDED 31 AVGUSf 20Z3
Iz.
FIXED ASSET INVESTMENTS- contlnued
Leaderskllls Llmlted
Re8lStered office,. 19 Hlghfield Road. Edgbaston. Birmingharn. England. 015 38H
iiass of share..
Ordinary shares
holdlng
loo
2023
2022
greKate capSts1 and re5erve5
Profit lor the year
loo
100
ABE Glob•l Llmlted
Registered offlce.. New Malden Buslness Centre, 46150 Coombe Road, New Malden, England, KT3 4QF
Class of share..
Votln8 fights (company Ilmitèd by guarantee)
holdin8
100
1023
2022
A88re8ate capSts1 and re5erve5
Profltll10551 for the year
132,1291
164h741
On 31 March 2023. The Institute of Leadership acqulred the subsidiary company, ABE Global L5mSted.
13.
DEBTORS
Group
Comp•ny
2025
2022
1023
2022
Amourts lalllng due withln I year..
Trade debtors
Amounts owed by group undertakln8s
oiher debtors
Prepayment5
403,943
184.614
154.263
835,517
500,000
113,453
113,453
220,949
500,000
97.726
578,088
216,369
515,767
101,226
801,607
1,603,133
932,128
Arnount5 fallin8 due after more than I year..
Other debtor5
s￿.0110
i 000 000
soo,000
i.oc(>,000
Aggregate amounts
1.778.400
1801,607
2.103,233
1.932.128
Page 26
continued..-

THE INSTITUTE OF LEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST 2023
14.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Comp•ry
2023
2022
2023
2022
Bank loans
Trade creditors
Other creditors
Deferred income
Accrued expen5e5
10,648
375.308
104,732
1,031,751
345,919
59,445
74.934
9￿.955
32.130
56,215
571,431
246.934
59.033
57,324
719,703
206.440
1168,358
1.244.674
906,710
1,042,500
Membershlp subscriptlons are payable In rpspect of a rollln8 12-month perlod and are credited to income over the
period to whlch they relate. The remalnin8 bapance on thi5 incorne that falls Into the followlng year 15 Shown as
deferred Income. No obligatlon exlsts ro repay thls or any part of It to mernbers.
Deferred Income Is shown as lollows..
Group
Comp•ny
2023
2022
2023
2022
Balance at 1 $2Ptember
Amount released to incomln8 resour¢e5
Amount deferred In the year
900,955
IWJ,9551
1,031.751
823,456
1823,4561
900,955
719,703
1719,703
571,431
823,456
1823,4561
719.703
Balance at 31 August
1.031,751
900 955
571431
719.703
15.
CREDITORS: AMOUNTS FALLING OUE IN MORE THAN ONE YEAR
Group
Cornpanv
2023
2022
2023
2022
Bank loan5 1-2 years
Bank loan5 2-5 year5
10,648
7,660
IB,308
LEASING AGREEMENTS
Mlnlmum lease payments under non-cancellable oper4tin8 leases fall due as follows:
2023
2022
Wlthin one year
Between one and flve years
IZ7.288
44.540
4,193
171A28
4.193
Operatin8 lease poyments retO8nised as an expense durln8 the year amounted to E75.69012022.. £25,6291.
Page 27
continued...

THE INSTITUTE OF LEADERSHIP
NOTESTO THE FINANCIAL STATEMENTS. contlnued
FOR THE YEAR ENDED 31 AUGUST 2023
17.
MOVEMENT IN FUNDS- GROUP
Net fvnds
moverneTrt
Fund
Tfansfers
At 1.9.22
At 31.8.23
Unrest1kn￿ funds
Lienerai Tuno
Leadership Brant fund
v.?7v.Av6
33.319
2,IMXINOO
2A133,319
TOTAL FUNDS
12.984.Z79
la80,8541
12,603,4Z5
Net movernent In funds, Included in the abDve are as follows..
Incomin8
resources
Resources
expended
Galns and
1055es
Movement
in funds
Unrestrlcted lundi
General fund
Lcadershlp 8rant fund
3.848.951
15,158
13.959,6741
1303ASOI
18.161
1414.1731
39,319
TOTAL FUNDS
3,864.109
13,959.6741
285,2891
1380J541
Comparatlvtt far movement In fvnd5
Net
movement
In fund5
At
31.8.22
At 1.9.21
Unrestrl¢t•d funds
Genero1 fund
13.421.482
1437.2031
12,984,279
TOTALFUNDS
13,421,482
437.2031
12,984,279
ComparJtlve net movement In fund5, Included In the above are as follows:
IncomlnB
resources
Resources
expended
Gains and
losse5
Movement
In fund5
Unresirl¢t•d fund$
General fund
2,421,283
12.252,8061
1608.6801
1437.2031
TOTAL FUND5
2,421283
2.252,8061
608,6801
1437.2031
Page 28
continued...

THE INSTITUTE OF LEADEASHIP
NOTES TDTHE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 AUGUST2023
17.
MOVEMENT IN FUNDS. COMPANY
Net funds
movement
Fund
Transfer5
At 1.9.22
At 31.8.23
Unr•5trlcted funds
General fund
Leadership grant fund
12.984279
1382.Q441 I2￿0,1>joi
33.319
2.000,OIXI
10.602,235
2,033,319
TOTAL FUNOS
11.984.279
1348,7251
12.635.554
Net movement In funds, included in the above are as follows..
Incomins
resources
Resources
expended
Gains and
losses
Movement
n funds
Unrestrfrted funds
General fund
Le?dershSp grant fund
S2￿59
15,15B
12h31A331
1303ASOI
18,161
138211441
33J19
TOTAL FUNOS
567,997
34B.7Z51
Comp•rntlv•A f•rfflovem¢nt In lunds
Net
movement
In funds
At
31.8.22
At 1.9.21
Unre5trF¢t•d fundl
General fun¢J
13,421,482
1437,2031
12.984.279
TOTAL FUNDS
13,421.482
437.2031
12,984.279
Cornparatlve net movement in funds. 5ncluded In the above are as follows..
Incornln8
resoU￿e5
Resources
expended
Gains and
losses
Movernent
in funds
Unrestrfrted lunds
General fund
2.390.235
12.221,7581
1605,6801
1437.2031
TOTAL FUNDS
2 390,235
12,221,758)
1605.6801
1437.2031
Page 29
continued...

THE INSTITUTE OF LEADERSHIP
NOTESTO THE FINANCIAI STATEMENTS. fontlnued
FOR THE YEAR ENDED 31 AUGUST 2023
17.
MOVEMENTIN FUNDS
General fund
This fund repre5ent5 the free funds of the charlty and group that are not designated frjr particular purpose.
ni
ran
This fund is designed to fund project5 that support The Instltute's mlsslon of 'lnsplrlng great leadershlp
everywhere,.
18.
EMPLOYEE BENEFIT 08UGATIONS
The Group made contributlon5 on behalf of Its employees to a defineé contribution pension scheme. The number
of staff who have accrued retlrement benefit5 under the dèfined contributlon scheme was 5312022.. 231. Durlng
the year contritutions amounted to £82,47012022.. £60,470> which are included in the Staternent ol Flnanclal
Activities as they becorne payable. The number of staff bein8 paid more than £60.000 who are accrulng beneflts
under delined contrlbutlon arran8ements was 412022.. 41.
19.
RELATED PARTY DISCLOSURES
The charitable company has taken aévantage ol exernption, under the terms ol Financial Reportlng Standard 102
'The Flnanclal Reporting Standard applicable in the UK and RepublSc of Ireland,, not to disclose related party
tr3nsactlon5 Wlth wholly owned subsidlarSes withln the 8roup.
There were no related pDrty transactlons for the year ended 31 Au8USt 2023.
ULTIMATÉ CONTAOLLING PAAri
The Instltute Is controlled by Its Olrector Trustees.
Page 30