REGISTERED COMPANY NUMBER: 006011M9 IEryland and Wales) REGISTERED CHARITY NUMBER.. 248226 REPORT OF TIIE TRUSTEES AND CONSOLIOATED FIN*WCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOR THE INSTITUTE OF LEADERSHIP JWHlnkslLP Chartered Accountants and Statutory Audltors 19 Hlghfield Road Edgbaston Blrmln8ham BIS 3BH THE INSTITtrrE OF LEADERSHIP AND MANAGEMENT CONTENTS OF THE CONSOLIDATED FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Pw R•port of th• Trustee5 I to 8 R•port of th• Ind•pendent Audltors 9 to 12 Consoltd•i•d Stat•m•nt of Fln4nclAI Artl¥lil•i 13 Consolld•t•d B•l•n¢• Sh••t 14 Par•nt Ch4rSty 8al•n¢• Sho•t 15 Con5olldAt•d C•sh Flow Stit•m•nt 16 Notestoth• Consolld•t•d Cagh FlowStthmert 17 Not•$ts the Fln•n¢l•l St•t•mnti 18 to 30 THE INSTITUTE OF LEADERSHIP IREGISTERED NUMBER: (#J6010491 REPORT OF THE TflU5TEES FOR THE YÉAR ENDED 31 AUGUST 1025 The trustees who are also d1￿ctorS of the charlty for the Pufposes of the Companie5 Act 2¢X16, present thelr report w￿h the Ilnanclal statsments ol the charlty lor the year ended 31 AuEUSt 2025. The tTU5tee5 have adopted the provlslons of Accountlng and Reportln8 by Charities.. Statement of Recommended Practlce applicable to charltles preparin8 thelr accounts in accordance with the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 102 leflective l January 20191. OBJEcnvES AND ACTIVITIES Obletti¥es •nd •lms The oblectlves for whlch The Institute 15 established are the promotion and development of the sclence of mana8emenL and the adv3ncernent ol education Involving the studyol the skllls of leader5hlp and management The InstIt￿e Is dedlcated to aLfvanclng the capablllty of managers and leaders worldwlde through the provlskjn of taSlor*d learning resources, and by developln8 and supportlng a global leader5hlp and mana8ement communlty through Its membership seNlce5. The core activltles of the Institute are the provislon of learnlng rèsources, the operation of its membershlp proposltlon and the curatlon of research focused on practlcSng leader5 ond managers. The Insiitute offers a range ol resources coyedng management, leadershlp, coachlng and ￿￿ntor￿n& buslne55 and enterpr15e, and 5peclallst areas (for example, flnanclal services, mllltary, educatlon and charity sector support), all of whlch are almed at developlng people sk1115, knowledge and understandln8 to Improve performance at work or in xKlety at large. The Instltute offers pmfes51onal membershlp whlch Tecognlse5 the talents of leaders and m8Tha8ers at dlfferent sra8e5 In Ihelf career. Membership provSde5 prole5slonal recognltlon. access to a bespoke onllne learnlng envlronment IMyLeadeT5hipl, addltlonal learnln6 materfals, a globally accesslble serles of onllThe events and weblnars, access to a wlde range ol research and knowled8e. Edge maga21ne, and access to The Hub, the In5tltute'5 online leadershlp comrnunity ol practice. The In5tltute Is commltted to advancln8 understand5n8 01 effectlve leadership and management, and Its Impact on Indlviduals. organlsatlons and wlder 50clety. Our knowledge curation is deslgned to Identlfy current and emer8ln8 trends across the broad dlscipllne5 of leJdershlp and mana8ernent and hlghll8ht leadln8-edge thlnkln8 and practlce In workplacès across the world. Publk benefft As a re8lstered charlty. the Institute of Leadership takes publlc beneflt obli8ations serlou51y. Member5hlp15 open to all, and many of the Instltuie's learnln8 resources are free to acce55, Including weèlnars. research ￿ports. podcasts. onllne coutses and news update5, The Instiruie Is commltted to provldin8 freely acce55ibie resources as part of its oblectlve to dvance the learnin8 and practice of leader5hlp and management. In aildltion, the Instltwe supports other charltles through partnerlng and procurement BctI¥￿Ies. selecting partners who themselves demonstrate a clear and compe115n8 purpose for public benEfit. Page I THE INSnTUT£ OF LEADERSHIP (REGISTERED NUMBER: 006011Y191 REPORT OF THÉ TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STRATEGIC REPORT Ach*evemeN and perfom•nte FY25 was a disappointment yet not a surprise. Under-perforrnance was telegraphed from soon after the be8lnnin8 of the vear. as the mèrkets both for leadershlp development and for membership asSoC￿3t10nS be8an to feel the pressure ol wlder soclo*conomSc stralns. It was plain that'50mething needed to be done, that was neither superflclal nor ternporary. As a result, the Instltute has embarked on a pro8ramme of structural and strategSc change, exFeCted to reverse the FY25 deflclt wlthin the next two years. Systems alwoy5 deliver what they are desl8ned to deliver. When a sygtem Isn't dellverlng, 5t Is the system whlch15 at fault. I have mentloned before that the In5t5tute wa5 deslgned to dellver customer servlce to 5ts communlty - In other words, member value de51gned for the exi5tlng membership, The shlft to come In future year5 wlll be based more around growln8 the Instltute's communlly at least rnuch as Serving the eKistlnR membershlp. WSthout dedlcated attentloTr to growth, entropy-the Érèdual and Inevltable decllne of a 5Y5terr- ensues, A5 L.P. Flartley sald, The past Is a lorelgn country,. they do thlngs differently there,. In the 'forel8n country. of the Inst4tute'5 Past. Inefflclenr systems held u5 down. As a result, the momentum that mlght have been imparted by new In((￿tIVeS wa5 anchored to the 8round by Inertla. Inevltabty, the pace of growth became ne￿tIve. In FY25, the result was 4% lower total Incorne than FY24, despite an Il% increase sn costs. The Instltute Is ncyw enterlng a phase of profound SY5tern change to be8ln consistent PfO8re55. Thls wlll Intlude the advent ol a new webslte and CRM (Customer Relatlonship Mana8ementl 5VStem, and a bfand new LMS ILearnln8 & M8nègement System). The 13rter wlll form • platform for MyLeadershlp+, the next iteratlon of our award-wlnnin8 In-house leader5hlp development pro8ramrne. It wlll also give the Inststute the opportunlty to offer ￿adershIP development programmes to cory)tsrate tllents and to a publlc audlence. There were some highlight5 durlng the year. Soclal rnedla tells a cle)r story of growlng PDsltlve en8agement a strong leadln8 indicator of future 8fOWth. At the sarne tlme, the Instiiure Is looklng at the spread of Members and Fellows, to ensure we tar8et our engagement where it add5 rnost value. From an Instltute Approved ènd Corporate Cllent perspÈctl¥e, worklnB wlth chambers ol commerce and trade associatlDn5 wlll offer 3 levera8ed route For the Instltute Into buslness communttles. Outslde the UK, relatlon5hlps wlth ILA Ilnternaiional Leadershlp Assoclatlonl In the US4, arnd with publk sector bodies in South East Asla. contlnue to offer opportunlty. Partnershlps wlth the Commonwealth Secretarlat, Association of commonwealth Unlversitles. and the CornmoThwealth Enterpiise & Investment Council hi8hllght the burgeonln8 relètion5hip wlth the 56 narions that make up the bloc, The Institute has been asked by the Secretarlat to collaborate on a Commonwealth Young Leaders Pro8ramme. We have also been asked by CWEIC to develop a serles of Leadershlp Round Table5 fDrtheir corporate Strategic Partners. In Europe. the Instltute Is now an Afflliale rnernbÈr of EAPM IEuropean Asscciatbn for People Mana8emefitl and CEC-Europe3n Managers, the federatlon of managers, a55QClation5 acr05S the EU. In both cases the Institute has been Invlteil ro contrlbute to working groups on malor leader5hlp development Inltlat￿es. The Institute'5 re8ular hlgh-profsle events continued to present a posltlve and popular face to the leadershlp communlty. Record numbers of organisatlons partKlpated In Inrernational Leadership Week IILW25I, the launch of whlch w3s-fo¥ the lirst tlme St￿arned live from the offices ol our partner5 In Portugal. Our fla85hip conference. Leadersh5p Llve .25, branded the Institute as a major contributor to the annuol panopty ol leadershlp-related events in the UK, and also saw record attendees. The Annual Membership Reception rnoved in FY25 from the House of Common5 to Warwlck Castle similarly prestige venue. The flagshSp of our anchor events durSng the year the Annual Leadership Award5 wa5 well received in late 2024. The 2025 edition. although falllng outside the FY25 year, cemented the event as a go-to event in the Awards calendar. Social medla coverage afterwards wa5 Strong and lon8-lastlnL attracting interest frrjm all overthe world Page 2 THE INSTITUTE OF LEADERSHIP (REGISTERED NUMBER: 006010491 REPORT OF THE TRUSTEES For¢ THE YEAR ENDED 31 AUGUST 2025 AthS•vement and perform•nce Icontinutdl to the Instltute's offerln& Few events or periods deserye the desSgnation 'watershed'. Most arè not recognised as such, sometlme5 for years. Yet FY2S heralded a watershed moment for the Institute. The last flve year5 ha5 followed the cla55k '8rowth and decline, pattern of a single product. In response, the Instltute 15 moY5ng away from dependence on a single product, and Into the realm5 of broad-based Member and leadershlp community 5atisfaciion. The chan8e w@ have wrought In the Instltute on the back of FY25's perftsrmance positlons offers clarity of objectives, 5nslghtful analytlc5. growth-focu5ed projects. and pace In Implementatlon. Flnanclal revlew Flnèncl•l posltlon A summary of The InSt￿Ute.s finaThce5 Is Set out In the attached financlal statements for the year ended 31 August 2025. The princlpal source of iThcome lor The Instltute 15 from membershlp 5ncome. After rnaklnB approprlate enqu5ries, the trustees have a reasonable expectation that The Instltute has 4dequate resources to contlnue In operational exlstence lor the foreseeable future. For thls reason. they contlnue to adopt the 4oln8 concern basls In preparing the financlal staternÈnts. Charltablè Income amounted to £4,351,54112024.. £4.566,2￿1. an Increasè On the P￿¥[Ou5 year and Investment Income amounted to £355.82612024.. £365,497). Expenditure for the year totalled E6,067,36512024. E5,975,0361. The movemeni In net resources lor the year resulted In a deliclt of £1,839,93012024.. dellclt of £4991 after allowlng for net 195ses on Investments of £479.93212024.' net galns on Investments of £1.042,7501. Toial unrestr5cted funds amounted to £10,762,99712024.. £12,602,927) as at 31 Au8ilSt 2025 wlth net current Ilabllltle5 01 £699,85212024'. net current Ilabllltles of £107,391>. The majority of Intsnglble flxed 355ets of £937,83512024.. E487,2591 represent managershlp. Prlntlpal fvndln£ 50urce5 The princlpal fuThdln8 Sources tor The Instltute are currently by way membershlp 5ncome from its rnernbÈrs, partnershlp and InSt￿ute approved Income and Investment Income Irorn it5 listed Inve5trnent portfollo. Rw•r¥e5 poIIcy The InStit￿te'S target 15 to hold sufficient Free resefyes to fund Its activities In the event ol a major fall In Income or an unlore5een Increase In empendlture, and that these re5erve5 should equate to 12 months planned operating empendlture for the Comlng year. based on a range of month5 overthe year. Whèn revlewlng the reserves posltlon, conslderatlon 15 also glvèn to whether funds should be desl8nated to cover expendhure on specific capltal and other projects. There are currently no deslgnated funds. The value of free reserves Is calculated by taklng total funds exclus5we of tan8lble and intangible asset5. On that ￿515 the value of f￿e reserves at 31 AuEUSt 2025 was £9,820,38512024.. £12,104,465) and equated to 19 month5 expenditu 12024: 24 rnonthsl. The leve15 of reseryes are a feature of the lull separatloTr of The Institute from the Ctty & G￿lId5 Group nd not a ￿sU11 of long-term accumulatlon by dèsign or ne8lect. Page 3 THE INSTITUTE OF LEADERSHIP IREGISTERED NUMBER: 006010491 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 sTrucruRE. GOVERNANCE AND MANAGEMENT Governing document The charlty is controlled by Its Eovernin8 document. a deed of trust. and constitLrtes a Ilmlted cornpany. Ilmlted by 8uarantee. as deflned by the Cornpanies Act 2¢￿6. Charlty con5tltutlon The Inst5tute was formed under a Mermrandum of Assoclatlon dated 3 March 19S8 land subsequently amendedl and Artlcles of Associatlon adopted on 28 June 2018. The Memordndum of Assoclaiion and the Artlcles are together described In thls ￿pOrt as 'the constitutlon Under the consiitirtion. the 8oard Is requlred to 155ue Byelaw5 In ￿latIon to some matters, ha5 the speclflc power to155ue others, aThd mèy In additlDn Issue any which It deem$ necessary, expedlent or convenlent for the proper condurt and management of The In5tltute. As at the year end, the Byelaw5 In force related to Membershsp, Studyln8 Mernbershlpi Electlon ol Dlrectors, Faculties. Advlsory Groups and Regular Mernbers. Ra¢wllm•nt and appolntfflent of trust•e$ As The Instltkrte is both a charity aThd a company. members olthè Board are both charlty trustee5 and company D1￿ctorS. The Boar¢J conslsts of Directors. who are elected by the Votln8 Members, Inamèly the members of The Instltutel. The nurnber ot Directors May be altered by a General Meetln8 of member5. Or8anls•iional strueture and d•¢lslon mikl The Board Is ￿QuIred by the con5tttutlon to ensure that The Institute's buslness Is conducted in accordance wlth It5 charltable oblectSves. The Board Is le8ally responslble for the governance and rnana8ement ol The Institute. It plays a strateglc role and. In thls context, considers and approves The In5tltute's annual buslfies5 plan. and Is actlvely Involved in any proposal for chan8e to the constltution or Byelaws. In thelr deliberatlons In relatlon to The Instilute's aim5, 5trategv, objectlves and activlties. the Board has due regard not only to The Instituie's charttabl* purp05È but abo to the 8ul4Yance gn publ1¢ benefrt pub15shed by the Charlty Comm15510n, The Board sets and re¥￿w$ The Instltute's ￿Se￿e$ and investrnent polScles and re8ularly rnonitors the performance of the Investment5. It approves and nN)n5tor5 compllanre wlth other polities. In partlcular the health and ￿let¥ policy. Executive managernent Is delegated to the Chlef ExecUt￿e, who presents regular reports to the 8oard to enable it to mornltor ihe financial performance of The Institute and Its progress iowards rneetlng Its Strateglc objectlves. The Chief Executive is supported by a senlor mana8ernent team whose ro￿9 cover all aspects of The Instltute'5 current operatlons, its research and pollcy activities. rnembership, finance and buslness adminlstratlon, marketln8 communlcations and buslness development. Indurtlon •nd trainlng of newtru5tees 8oard-related pollcies are reviewed accordlng to a schedule approved by the Board, ènd cover inductlon. development, evaluation, conlllcts rnanagement, and matters reserved to the Board. The Inductkjn programme for new directors brlefs them on The Insiiiute's business and financlal affairs and thè dutles of company d1￿ctOrS and charity trustees through cornbination of a dedlcated Induction 5e551on, inductlon pack and meeting5 wlth key personnel. The dlrector's tralnln8 needs are addressed through a 5elf-aS5essmeTht skllls matri¥, external semlnar5, brieflng papers, cour5e5 and as part of the nom)al cycle of 8oard meettngs, and a Board eValuat￿n process is Carrled out annually. Board member5 do not recelve any personal benefits unless there 15 legal authorSty for this. Any related party tran5action5 are reported In the Annual Re￿rr and Flnanclal Staternents. Page 4 THE INSTITUTE OF LEADERSHIP IREG15TERED NUMBER: 00601049} REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 sTrucruRE. GOVERNANCE AND MANAGEMENT Key managernent remuneratlon The Institute's 8oard determlne the remunerntion and contractual condltlon5 for the Chlef Executfve and oversee the ¥arlable remuneration of other key members of the Instltute's management team, taklng Into account market conditioThs and development needs lor The In5thute. The Instltut• provldes a remuneratlon package Includlng a bèslc salary, performanct4elated bonus. company car, life assurance cover. prlvate rnedlcal Insurance and partlcipatlon In The In5tltute's stakeholder pension Scheme. Page 5 THE INSTITUTE OF LEADERSHIP IREGbSTEREO NUMBER: 006010491 REPORT OF THÉ TRUSTEES FOR THE YEAR ENDEO 31 AUGUST 2025 STRUCTUAÈ, GOVERNANCEAND MANAGEMENT Rlsk m•na¥ement The Directors keep under reKular review. the rlsks to which The In5t5tute is exposed and seek to Ilmit their Impact by adooing approprlate measures and monltortngtheir implementatlon. The Instltute's R5sk Re8lster records r1$￿, thelr Inhefent and ￿5[dual ratlngs and mitigation measures. The Registers are actively n￿TrIt0red by the Board, Rlsk and FlnaThce Cornmittee and Senlor Leadership Team alon8 wSth the Chief Executlve. An updated Risk Re8lster. which tracksthe rryjvement ol rlsk. Is avallable toThe Instltute'5 Board at every 8oard meetln¥. The strate8Sc rfsks facln8The Instltute are under constant revlew, wlth key rlsk areas havlng been Identifted a5 follows.. Flnanclal.. rnlsln8 the Income of The Inst5tute to ensure the lon8-term sofvency of The Instltute and the tar8eted achlevement of charlt3bk oblects. ReseNes.' 5afe8uardlrb8 the real-term$ value of flnanclal reserves through dlllgent a55et management. Envlronmental.. respondlng tg soclo*conomlc chanse5 In respect of tradltlonal membershlp partlclpatlon to ensure On8oln8 enia8ement wfjth our rnlssion. Reputational,, safeguardlng the reputatlon of The In5tltute from unprofesslonal, unethlcal or crlmlnal behav5our5 of staff or members. - Wellbelng.. ensurlng the saftty, health and mental health of staff and volunteers enialed In the work ol The Instltute. Investrnent In new products, servlces, systèm5 and proce55es contlnues to be rnade to 5upporr the on8oln8 dellvery of The Instltute's mlssion and enable the revenue 8rowth needed to reach a more sustainable tradln8 posttlon. In addltlon to these principal rlsk5, The Institute Is $ubject to the same general fsnancial ènd operatlonal rlsks as other enierpr15es. The only Fnaterlal ftnènclal Instruments held by The Instltute are Investments and debtors. The market ￿sk pertalnln8 tts the Investment portfollo 15 rnana8ed by CCLA but the Investrnent pollcy and bud8etinE process are such that The Instltute's exposure to cash flow rlsk Is mlnlmlsed. The credit risk relatlTh8 to debtors Is low 8lven that thè balance represents a few relatlvely low volume Items and a debt Irtsm the Clty & Gullds Group. The In5tltute has no long-term borrowlng5 ènd therefgre Ilquidity rlsk is minirnal. In relatlon to rnanaglng prlce rlsk, pdce5 of materlals purchased arE 5ublect to coThtracts w4th supplier5, based on curreTrt market prlces. Rlsks pertaining to 5uppllers are consIde￿d low and Managed by following a robust procurement and contracting process and monitoring of perforrnance during the Ilfe of the contract. Salary costs a￿ corrmunlcated to staff during the formal annual revlew of salarfes. The Institute operate5 a thlrd-party a￿O-em￿lMent pen510Th scheme and does not Share In any pension liability. The Chlef Executive has responsibility for ensuring that mltlgatlon measures are tsken znd ￿pOrtIng the p051t5on to the Board. The D*￿ttOr5 a￿ 5at15fied that approprlate action is being, or wlll be, taken tD rnana8e the strateglc and operatlonal rlsks which face The Institute. Page 6 THE INSTITUTE OF LEADERSHIP (REGISTERED NUMBER.. 006010491 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST Z025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company numbor 00601049 IEn813nd and Wale51 R•8lst•red Charlty numb•r 248226 Reglstered offic• 19 Hlghfleld Fload Ed8baston 81rmln&ham 815 38H Trust••s A 8 Klncald E L Roblnson-fjreen N J Rylett-JonE5 Ireslaned 31 March 20251 M Adlel-Tablrade SFFOX L Pa¥man S T Hawkè Camp*ny 5e¢r•tary LA Taylor Audltgrs J W Hlnks LLP Chartered Accountants and Statutory Audltors 19 Hlghlleld Road Ed8baston 85rmlngham B15 3BH Sollcltors Pennington Manches LLP 9400 Garslngton Road Oxford Buslness Park Oxford OX4 2HN Page 7 THE INSTITUTE OF LEADERSHIP (REGISTERED NUMBER.. OIJ6010491 REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 REFERENCE AND ADMINISTRATIVE DETAILS Investment advtsors CCLA Senator House 85 Queen Vlctoria Street London EC4V 4ET srATEMENT OF TRUSTEES, RESPQN51BILITIES The trustees (who are also the directors ol The Institute of Leadershlp for the purposes of company lawl are responsible for preparing the Report of the Trustees and the flnancl31 statements In OCCOfdance whh appllcable law and Unbted Klngdom Accountlng Standards Iunited Kingdom Generally Actepted Accountlng Practice). Company law requlre5 the trustee$ to prepare financial statements for eath flnanclal year whl¢h £lve • true and lalr vlew of the stare of affalrs ol thè char5table Cornpany and of the Incomlng resources and application of resources, Including the Income ind empendlture, of ¢he charltable company for that perlod. In preparln8 those flnanclal Statements. the trustees art requ5red to select sukable )ccountlTh8 polltle5 and then apply them consi5tently.' observe the method5 and principles In the Charlty SORP.. make lud8ernent5 and estlm8tes that are reasonable and prudent,. state whether applltable accountlng standards have been followed, subject to any materlal departures dlscloséd and explained In the fTnaThclal staternents., prepare the flnanclal statements on the goln8 concem basls unle55 f£ Is Inapproprlatè to presume that the 7.005> 12,241.379 NETCURRENT IUABILinESI 699,8521 107.3911 TOTAL ASSETS LESS CURRENT LIABILITIES 10,762.997 12,611.240 CREOITOAS Amounts falllng duè In rnore than one year 16 18,3131 NET ASSETS 10.762397 12,602.927 FUNDS Unre5trlcted Funds.. General fund Deslgnated fund 18 ,629,163 2.133.634 10.379.918 2.223,(I)9 TOTAL FUNDS 10,762,997 12,602.927 The flnanclal statements were approved by the 8oard of Trustees and authorlsed for15sue on IZ December 2025 and were slgned on Its behalf by.. E L Roblnson4reen-Trustee M Adiei a¢Je- Trustee The notes forrn part ol these flnanEial Statements Page 14 contlnued... THE INSnTUTE OF LEADERSHIP (REGISTERED NUMBER: 006010491 PARÉNTCHARITY BALANCE SHEET 31 AUGUST 2025 20Z5 Unrertrlttod funds 2024 rotsl funds Note5 FIXED A55ETS Intangible assets Tan8lble assets Investrnents li 12 13 563,454 2,038 10,520.337 84,153 6.092 12,220,269 11,085AZ9 12.310.514 CURRENT ASSErs Debtors.. amounts falllng due wbthln one year Cash at bank 14 192,538 415,142 2,206.$86 150.041 607,680 2,356,727 CREDITORS Arnounts f3llln8 due wlthln one year Is IIIKIS.2901 11,(1)0,1761 NETCURRENT ILIABIUTIESIIASSETS 397,6101 1.356,551 TOTAL ASSETS LESS CURRENT UABIUTIES 10.688,219 13.667,065 NEf ASSETS 10.688219 13,667.065 FUNDS Unre5trlcted fund5: General fund DeslgThated fund ,554,585 2,133.634 11,444,056 2,223.009 TOTAL FUNDS 10,688219 13,667,065 The financlal statements were approved by the Board of Tru5t8e$ and a￿horISed for Issue on 12 December 2025 and were 518ned on tts behalf by.. A5 perrn￿ted by $408 of the CompaTrle5 Act 2QC6, the parent company ha5 not presented Its own prollt and105s account and related note5. The company's deflclt for the year was £2,978,84612024.' 5urplu5 Qf £1,031.5111. E L Robinson￿￿en- Trustee M Adjei-Ta rad Trustee The note5 fomi part of these flnanclal statements Page 15 continued... ThE INSTITUTE OF LEADERSHIP CONSOLIDAIED CASH FLOW STATEMEiir FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Notes Cjsh Ilows Irom 0￿rItIng acllvltles Cash generated from operatlons 1882,4941 78,427 Net cash provlded by operatlng artlvltles 1882A941 78.427 ¢•ih flowsfr•rn Snvuttni a¢ll¥￿Ie9 Purchase of Intan8lble flxed a55ets Purchase of tangib￿ flxed assets Sale of Ilxed assei Investments Capltal repayments 167U391 1372.7351 15,7501 L120.000 10.2441 9,9951 Net cash provlded by/lused Inl Investlng acllvltle5 388.4801 Chanie In ¢ash •nd c•sh •qul¥•l•nts Sn th• r•portln¢ perfod Cash ind ush equlv•l•nts •t th• b•gSnnlni gf the reportlrrf p•rlod IJ45.5771 1310,0521 916.379 1.226.431 C•sh and cash •qUl￿￿rttS •1 the •nd otth• r•portlng perlod 570102 916,379 The notes forrn part of these financlal staternents Page 16 THE INSTITLITE OF LEAOERSHIP NOTES TOTHE CONSOLIDATED CASH FLOW5TATEMENT FOR THÉYEAR ENDED 31 AUGUST 202S AECONaLIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING AcnvmES 202S 2024 Ntt •xpendltur• for the report1￿ p•rtod p•r the Comolld•t•d Statement of Flnantlil ￿tIvItI•5) 11I39.9301 14991 Adjustments for.. Dtpretlatlon char8e5 IGalns111055e5 on Investments Dec￿ase111nCrease1 In debtors IDecrea5elllncrease In credltor5 228.689 479,932 651,258 140Z,4431 183.288 11,042,750> 565.367 373,021 N•t <•sh Pro￿d+d by op•ratlon5 882.4941 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 Cash flow At 31.8.25 N•t c•sh Cash at bank 916J79 345,S771 S70,802 916 379 345 5771 570 Totsl 916.379 1345,5771 570,802 The notes form part of these financlal statements Page 17 THE INSTITUTE OF LEADERSHIP NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING pouaES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financlal statements of the charitable company. vjhlch Is a publlc benefit entlty under FRS 102, have been prepared In accordance with the Charltles SORP IFRS 1021 'Accountln8 and Reportin8 by Charltles.. Statement Df Recommended Practlce appllcèble to charities prepBrlng their accounts In accordance wlth the Flnancial Reportlng Siandard applICab￿ in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191,, Flnanclal Reportlng Standard 102 'The Flnanclal Reportin8 Standard applicable In the UK and Republic of Irelarsd, and the Companle5 Act 2(M)6. The flnanclal statements have been p￿pared under the hlstorful cost convention. wlth the exceptlon ol Investments whlch are Included at market value, as modlFied by the revaluation of certaln è55ets. The Con5011dated Statement of Flnantlal Actlvltles ISOFAI and Consolldated Balance Sheet consoll&ted the flnancl£l statemtnt5 01 the Group and Its sub51dliry undertakln£$. The results of the 5ub51dl3rle5 are consolidated on a Ilne-by-line basls. The presentational CYr￿nCY of these Ilnanclal Statements Is Grnat Brltlsh Pounds IGBPI. All amounts have been rounded to the nearest £1, The cornpany15 a company Ilrnlted by Buarantee. The members of the cornpony are the Tiustee5 named wlthln rh• Trustees Report. In the event of the company belng wound up. the Ilabllity In respect ol the guarantee Is Ilmited to £1 per member of the company, Cftinc￿ ACCOUNTING JUDGEMENTS AND KEV SOURCES OF ESTIMATION UNCERTAINTY In p￿parIng the flnanclal statements, the dlrector5 are requlred to make est5rnates and a55umptlons whlch affect Income, expendlture, as$ets, Ilèbillties and dlsclose contln8ent assets and Ilabllltles. Use of avallable Snformatlon and applS¢ation of judgements are Inherent In the forrnatlon of estlrnaies, together wlth past experlence and expectatlons of future events that are belleved to be reasonablè under the clrcumstances. Actual result5 Sn the future could dlffer Irorn such e5tlmates. INCOME All incorne Is reco8nlsed In the Statement ol Flnanclal Actlvltles once the charlty has entiilernent to the fund5, It Is probable that the Incorne will be recelved and rhe amount can be meastjred rellably. Income Irorn 5ubscrlptlons is Included In the perlod io whlch the sub5crlptlon relates. Subscrlption5 pald in advance at the balance Sheet date are deferred and Shown In credltors. Examination and centre reglsiration fees ère reco8n15ed to the extent that 19 probable that the economlc beneflts will flow to the company and the revenue can be ￿lIablY measured. EXPENDITURE Llabiiifies are fecogn15ed as expendItU￿ as soon ès there Is a leBal or constructive obllgatlon cornmlttin8 the charlty to that expendItu￿, it15 probable that a transfer of economic benellts wlll be requlred in settlement, an the amount of the obli8atlon can be measured reliably. Expenditure Is accounted for on an accruals basls and ha5 been Classlfled under headln8s that a&gre8ate all cost related to the category. Where cost5 cannot be directlv attrfbuted to partlcular headlngs rhey have been allocated to actlvlt5es on 3 basls consSstent w￿h the use of resources. Irrecoverable VAT has been ¢hèr8ed to the Staternent of Flnanclal Artlvltiès. ALLOCATION AND APPORT1014MENT OF COSTS Resources e¥pended are allocated to the partirular activity where the cost relate5 dlrectly to that acrivlty. However, the cost of support of the overall operation are allocated ro each èctlvlty based on ihe proportion ol iThcorne generated. Page 18 contlnued... THE INsnTUTE OF LEADERSHIP IIOTES TO THE FINANaAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 AUGUST2025 ACCOUNTING POUCIES- contiNed INTANGIBLE FIXED ASSETS Intangible fixed 355ets are stated at cost less accumulated amortlsatlon and Impalrrnent losses. Cost Includes the tsrilinal purchase prlie of the asset and the costs attr5butable to br5n8ln8 the asset to Sts working conditlon for Its ntended use. All a55ets are consldered to have a flnhe useful Ilfe and are amort15ed on the followln8 bases.. Website Trademarks Computer software 33% on cost 20% on cost 20% and 33% on cost TANGIBLE FIXED ASSETS Tanglble Ilxed assets uniler the c05t rnodel are stated at hlstorlc cost less accumulated depreclatb)n and anv accurnulated Impalrment losses. Hlstorlcèl cost Includes expendlture that 15 dlrectly attrlbutable to brlnglng the asset to the locatlon and cond115on necessary for It to be capable of operatlng ITh the manner Intended bv management. Depreclatlon15 provSded on the followlng bases.. FSxtures and Ilttlngs Computer equipment 20% and 25% on tos¢ 33% on cost The assets, re51dual values, useful Ilves and depreclatlon rnethods are revlewed, and adjusted pr05pectlvely If approprlate, or If there Is an Indlcatton of a slgnlflcani change slnce the last reportln8 date. Gèln5 and losses on dlsposals are detemlned by comparln8 the proceeds wlth the carryln8 amount and are reco8nlsed In the Statement of Flnanclal ActlvbtSes. TAXATION The charlty Is exempt from corporatlon tax on Its charltable actlvltles. FUND ACCOUNTING Unrestdcted fvnds be used In accordance wlth the charltable oblectlves at the dlscretlon of the trustees. Restrlcted funds can only be used for partlcular restrlcted purposes wlthln ihe objects of the charlty. Restrlctlons arlse when speclfled by the donor or when fund5 are ralsed for partlcular restrlcted purposes. PENSION COSTS AND OTHER POST41ETIREMENT BENEFITS The £harlty oper3tes a deftned contrlbution penslon Scheme, Contributlons payable to the charitable company's penslon scherr* ère char8ed to the Statement of Flnancial Actlvftles In the perlod to which they relate. INVESTMÉNTS Quoted Investments have been included in the Balance Sheet at bld prlce. The relevant unreallsed galnl1055 on Investrnent values, calculated as movement in the market value of an a55et durin8 the year Is reported through the Statement ol Fin8nclal Artlvltle5. Investment Income Includes Interèst recelvable on deposlt and Income from Ilsted Investments. Investments In subsldlary undertèkln8s have been Included In the Balance Sheet at h15toric c05t less any potentlal lrnpairment. CURRENT ASSET INVESTMENT5 Current asset Investrnents comprise flxed term deposlt account5 are stated at fair value. FINANCIAL INSTRUMENTS All financial instruments are reco8n15ed at hlstorlcal cost other than Investrnents whlch are reco8n15ed ai bid or fair value. Page 19 ontiThued... TNE INSTITUTE OF LEADERSHIP NOTESTO THE FINANaAL STATEMEfrtrs- contlNed FOR TKE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLiaEs- rontinued FOREIGN EXCHANGE Transactions In currencles other than pounds sterfing are recorded at the rates of exchèn8e prevaillng at the dates of the transactlons. At each reporting end date, monetary assets and liabilitie5 that are denominated In forei8n currencles I￿ r￿ranslated at the rate5 prevailing on the reporting end date. Galns and losse5 arlslng on translatlon In th8 period are Included In the Statement of Flnanclal Actlvitie5. OPERATING LEASE COMMITMENTS Renta15 payable under operatlng leases, includlng any lease Incentlyes recelved, are charged to the Statement ol Flnanclal Attlvltles on a strai8ht-Ilne basls over the term of the relevant lease except where another mo 5VStematlc ba515 is more representètlve of the tlme pattefn in whlch economlc benefits from the lease a55et5 are consurned. GOING CONCERN TheTe are no slBnlflcant doubts about The Institute's ablllty to contlnue a5 3 8olng concern as there are currently $18nlflcant cash and Investmerst fund balances. P051tlve net current J$5et5 and stable Income streims. Th?re are no materlal uncenalniies to be diselosed. DONATIONS AND LEGACIES 2025 2024 Donatlons INVESTMENT INCOME 2025 2024 Interest on dep051ts Dlvidends recelved 4A66 351,360 10.021 355,476 355A26 365.497 INCOME FROM CHARITABLE ACTIVITIES 2Q25 Total 2024 Toral attivities Membershlp & Examination Other Indfvldual member5hlp Commerclal membershlp Other commertial ineorne Examlnation and assoclated fees Other incoffle 1,161A66 801031 1,161A66 801*31 69BA14 1,618AISS 7L375 1,224,678 823.830 790,191 1,657.967 69,624 698A14 Ih18.055 71.375 3,581.752 769.789 4351￿41 4,566,290 Poge 20 continued... THE INSTITUTE OF LEADERSHIP NOTES TO THE FINANCIAL STATEMENT5- Mntlnued FOR ThE YEAR ENDED 11 AUGUST 2025 OIARITABLE ACTIVITIES COSTS Grant fundlns Df Support cost5 (see note 71 Dlrert Costs (see note 61 Totsls Membershlp and examlnation Other 3.683.499 50AIOO 1,594,637 739 229 5.328.136 739 229 Y,683,499 50.IJOO 1333￿66 6,067,365 GRANT5 PAYABLE 2025 2024 Mern￿rShIp 50.000 31.102 The total grants pald to Institutlons dufln8 the year was as follDWS'. 2025 2024 Grant fund awards Durlng the year the tharrty provlded 8Tants to varlous organlsatlon5 provldln8 management and leadershlp support. SUPPORTCOSTS Governance costs Other Totals Membetshlp and examSnatlon Other 1,594,637 656 074 1,594.637 739329 81,155 Z,250.711 83.ISS 2.333.866 INCOMEIIEXPENOITUREI Net Incomellexpenditurèl Is stated after charg1n￿{creditln8l'. 2025 2024 Auditors. remuneration Computev equipment deprecSatlon Trademark amort15ation Webstte amort5satlon Computer 50ftware amortlsatlon 36￿57 6,426 1,457 8.209 212,597 22,725 5.579 1,740 10,262 167,965 Page 21 contlnued... THE INsfiTWE OF LEADERSHIP NOTÉS TOTHE FINANaAL STATEMENTS- mntlnu•d FOR THE YEAR ENDED al AUGUST 2025 TIIUSTEES, REMUNERATION AND BENEFITS There were no trustees. ￿MuneratIOn or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. TRUSTEES. EXPENSES Durlng the yeareThded 31 August 2024 expenses of £5,30012024.. £9.6171 were reSmbursed totrustees. io. STAFF COSTS 2025 2024 Wages and salarlès 5oclal security cost5 Other penslon costs 2,515,917 271.552 129136 2.430.39S 258,854 120.781 2.917.305 2.810.030 Included above are also redundancy costs of £32,02412024.. £37,050). The average monthly number of employees dudn8the year was as follows.. 2025 2024 59 Membershlp and examlnatlon The Thumber of employeè5 whose employee beneflts lexcludln8 employer penslon costs) exceeded £60.000 wa5.. 2025 2024 É60,001- E70,000 £70,001- £80,000 £80,001- £90,000 £90,001- £100.000 Éioo,000- £iio,000 £110,001- £120,000 £120,001- £130,000 £130,001- £140,000 £140.001- E150,000 £150.001- £160.000 Durfng the year ended 31 August 2025 an amount of £520,79512024- £581.138I was pald to key rnanaBe￿￿nt personnel whlch included redundancy costs of £nll12024.. £37,0501. Page 22 continued... THE INSTITIJTE OF LEADERSHIP NOTES TOTHE F114ANCIALSTATEMENTS- ¢ontlnued FOR TrIÈ YEAR ENDED 31 AUGUST 2025 ii. INTANG18LE FIXED ASSEfs-GROUP COmp￿eT software Websltè Trodemark Totals COST At I September 2024 Addlt5ons Dlsposals 132.987 9.185 2.964,666 672.839 3,106,838 672.839 At 31 August 2025 132,987 9.185 3 637.505 5.779 677 AMORTISATION At 15eptember 2024 Charge for year D5sposals 124.5x1 8,209 5217 IA57 2,489,832 21Z,597 2,619,579 222.263 At 31 August 202S 1702A29 NET BOOK VALUE At 31 August 2025 Z.511 935.076 937,83S AI 31 Au8U$t 2024 8,457 3.968 474.834 487.259 INTANGIBLE FIXED ASSETS- COMPANY Computer 50ftware Webslte Trademark Totsls COST At I September 2024 Addltlon5 9.185 1268,537 498,148 1271,722 498.148 At 31 Au8U5t 2025 9,185 1.766,68S 1.755.870 AMORnSATION At I September 2024 Charge for ¥ear 5.217 1,457 1,188.352 17.390 1,195.569 18,847 At 31 August 2025 6ffi74 1205.742 1.212N16 NET BOQK VALUE At 31 Au8USt 2025 2.511 560.94> 563A54 At 31 August 2024 3,968 80.185 84.153 Page 23 contlnued... ThE INSTITUTE OF LEADER5H•P NOTES TO THE RNANOAL STATEMENTS- contlnued FOR THÉ YÉAR ENDED 31 AUGUST 202S 12. TANGI8LE FIXED AS5ETS- GROUP FIx1L4￿s & ffttin6s Ctsmputer equipment Tots15 COST At 15eptern￿r 2024 Addltlons Dlsposa15 8.726 129,044 137,770 At 31 Au8U5t 2025 8,n6 129,044 137.770 DEPREOATION At I September 2024 Char8e for year D15POsals 8,726 I17￿41 6A26 126,567 6A26 At 31 August 2025 8.726 124,267 132,993 NETBOOKVALUE At 31 August 2025 4.777 4,777 At 31 August 2024 11,203 11.203 TANGIBLE FIXED ASSETS- COMPANY Flxture5 & fr(tln8S CDmputer equipment Totsls COST At I Septèrnber 2024 Additlons Dlsposals 6,791 18.734 25.$25 At 31 August 2025 6.791 2S.525 DEPRECIATION At l Septernber 2024 Charge for year Dlsposals 6,791 12.642 4,054 4,054 At 31 August 2025 6,791 16,696 Z>,487 NET BOOK VALUE At 31 August 2025 2.038 I￿3$ At 31 August 2024 6,Q32 Page 24 ontlnued... THE INSTITUTE OF LEAOERSHIP r40TES TO THE FINANaAL $TATÉMENTS- wrtlnued FOR THE YEAR ÈNDED 31 AUGUST 2025 IJ. FIXED ASSET IIIVESTMENTS Share5 Irb Broup undertakin85 LSsted investments Totals MARKET VALiIE At I September 2024 Disposals Revaluotions 12220.169 11,220,000) 1479.9521 12,220269 11.220,0001 479,9321 At 31 Au8ust 2025 10.520.237 10 520.337 NET BOOK VALUE At 31 August 2025 100 ￿37 10.5ZO.337 At 31 Au8ust 2024 loo 12.220,169 12,220.269 Llsted Investments at 31 August 2025 were made up as follows.. C•t•gory UK and C￿erSta$ Equltles Prlvate Equlty and Other Infrastructure •nd Operatlng Asset5 Property Contractual and Other Income Flxed Interest Cash and Near Cash 20251%1 71.17 3.99 5.46 4.79 1.51 9.74 3.34 20241%1 70.86 3.69 9,30 4.41 8.34 2.50 Total I￿.00 loo. Cost orvaluatlon èt 31 August 20251s represented by.. Shares In ¢roup Lljted und•rt•klnK5 Investments Totals Valuation in 1025 Cost 10.5ZQ,137 10,520.237 100 100 10 520 237 10.510.337 The ¢ompany'5 Investments at the balance Sheet dote In the share capltal of companles1nclude the followlw.. Page 25 continued... THE INSnTUTE OF LEADERSHIP NOTESTOTHE FINANCIAL STATEMENfs- contlnued FOR THE YEAR ENDED 31 AUGUST 202S 13. FIXED ASSET INVESTMENTS- contlnuad L•4dvskllls Llmtted Re8lstÈred office.. 19 Hl8hfleld Road, Ed8baston, Blmiin8harn, ETh￿and, B15 3BH Cltss of share.. Orth'nary shares holdln8 ic Z5 2024 re8ate capbtal Jnd re5erye$ Profitll10551 forthe year ITr) ABE Global Llmlt•d Re8lstered office.. 6 Sutt¢n Ploia, ￿ttOn Court Road. Sutton, SMI 4FS Class of share.. Votln8 rl8h15 Icomwny Ilmlted bywèranteel holdln8 2025 2Q24 A88re8Ote capltal and reserves ILos51 forthe year 11,938.11211 I873￿&5> 11,CIJO.$491 862,1921 Th•AModatlon ol Busln•51 EX•cUt￿l Urnlt•d Re8lsttred offlce.. 6 Sutton Plaza, Sutton Court Road. sutton. SMI 4FS Ch5s of share.. V¢tln8 rl8ht$ (company Ilmlted by 8uarant¢¢l holdin8 100 2025 2014 A88re8ate capMal and reserves Prtsht/lLossl for the year 14. DE8TOAS oup Companv 2025 2024 202S 2024 Amounts falllng due wlthln I year.. Trade debtors An￿unt$ owed by group undertakiN85 Other debtor5 Prepayments 215.882 351.029 81.996 93,970 1,464.481 soo,000 148,235 14Z.114 208.355 621.461 245,119 110,S42 566.351 1,217,609 192,538 2,206,686 Arnounis falllng due after rn0￿ than l year.. Other debtors Agi￿gate amounts 566.351 1,217,fA)9 192,558 2.206,686 PaÉe 26 coThtlnued... THE INSTITUTE OF LEADERSHIP NOTES TO THE FINANaAL STATEMEMfs- ¢ontlnued FOR TNE YEAR ENDED 31 AUGUST 2025 15. OIÉDITORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR GfOUP Companv 2025 2024 2025 2024 Bank loans Trade creditor5 Amounts owed to group undertakln8S Other cred1tors Deferred Income Accrued expense5 8.717 435,584 10,648 773,379 Z9,976 130.776 9Z,132 488,096 98,484 130,853 865,611 197.140 943,589 316.623 117,909 530.876 252,907 IA37,005 2.241,379 1,005,290 10¢10.176 Membershlp subscrlptlons are payable In respect of a rolllng 12-month perlod and are credr(ed to Income over the perlod to whlch they relate. The remalnln8 balance on thi5 income that fa115 into the followlng year 15 shown as deferred Income. No obll8aibn exlsts to repay thls or any parr of it to rnernbers. Defefred Incorne15 Shown a$ follow5.. Group Comp•nv 2025 2024 ZOZ5 2024 Balance at i September Amount released to incomln8 resources Amount deferred In the year 943,589 1943,5891 865,621 1,031.7SI 11.031,7511 943,589 530,876 1530,8761 488,096 571,431 1571,4311 530,876 alance at 31 Au8USt 865.621 943,589 488,096 530,876 16. CREDITORS,. AMOUNTS FAUING DLIE IN MORE THAN 014E YEAR Group Comwny 202S 2024 2025 2024 Bank loan5 1-2 yeais Bank loans 2-5 year5 8,313 8,313 17. LEASING AGREEMENTS Mlnlmum lease paymenis under non-cancellable operating leases fall due a5 lollows., 2025 2024 Wlthin one year Behveen one and flve years 60.132 44,412 17.816 60,132 62,228 Operatln8 lease payrnents wognlsed a5 an expense durln8the year arnounted to £91.95912024.. £IIA.2001. Page 27 continued... THE INSTITUTE OF LEADERSHIP NOTES TO THE FINANaAL STATEMEpif5- contlnu FOII THE YEAR ENDEO al AUGUST 2025 MOVEMENTIN FUNDS-GROUP Net funds movement Fund Transfers At 1.9.24 At 31.8.25 Unr•StrI¢t￿ lunds General fund Leadershlp grant fund 10,379,918 2223.009 11.763,1151 176.8151 12,560 112,5601 ,629.363 2,133,634 TOTAL FUND5 12 602.927 10,762,997 Net movem•nt In fvnds. Included In the above are as follows.. Incomlng resources Resources expended Galns and 1055e5 Movement In funds Unr•stritt•d funds General fund Leader5hlp 8rant fund 4.644.447 62,920 16017,3651 150.0001 1390.1971 189.7351 11,763,115 176J15 TOTAL FUNDS 4,707,367 I￿3*,930) Cofflporatlv•s for mo¥em•nt In fvndi Net movement In fund5 At 31.8.24 At 1.9.23 Unrertrlcted fvnd$ General fund Leadership grant fund 10,570,106 2.033,319 1221,6491 221,150 10,379.918 2.223.009 TOTAL FLINDS 12.603.425 ￿459) 12 602,927 Comparative net movement In lund5, Included In the above are 8s follows.. Incomln8 resources Resources expended Galns and losses Movement In funds Unr•rtrlrted fvnds General fund Leadeishlp grant fund 4,869.225 62.562 15.943,9341 131.1021 853.060 189,690 1221,6491 221,150 TOTAL FUNDS 4,931,787 15,975,036) 1.042,750 Page 28 cvntirbued... THE INSTITUTE OF LEADERSHIP NOTES TO THE FINANOAL STATEMENTS- contlnued KJR THE YEAR ENDED 31 AUGUST 2025 i& MOVEMENT IN FUNDS- COMPANY Net fund5 rnovernent Fund Transfers At 1.9.24 At 31.8.25 Unrestrkted funth Gener31 fun Leadershlp Brant fund 11,444A156 2,22a.009 12.902.0311 I76￿15) IZ.560 Ill.5601 8,554,58S 2,133,634 TOTAL FUNOS 13.667.065 2 978A461 10 688,119 Net movement sn fund$, Included In the above are as follows.. Incomln8 sources Resource5 expended GalThs and lossés Movement In fund5 Unrestrlded funds General fund Leader5hlp grant fund 2A17,353 62,920 14,929.1871 150,0001 1390.1971 12,902,0311 189,7351 176,8151 TOTAL FUNDS I480,Z73 4,979,1871 1479,9321 2,978,846) Comp•r¥t5￿ for mo¥•m•nt In funds Net funds movement Fund Transfers At 1.9.23 At 31.8.24 Unrn5trlrted fundi General fund Leader5hlp grant fund 10,602.235 2,033,319 810,361 221.ISO 31,460 131.4601 11,444,056 2,223,009 TOTAL FUNDS 12,635.554 1,031.511 13.667.065 Comparatlve net movement In fund5, Included In the above are as follows.. Incorning resources Resourcts expended Galns and losses Movement In fund5 Unr•strlrtEd funds General fund Leadership grant fund 2,526.$87 62.562 12.569,3861 131,1021 853.060 189,690 810,361 221.150 TOTAL FUNDS 2,589,249 12,600,488) 1,042,750 1,031,511 Page 29 continuEd... THE INSTITiifE OF LEADERSHIP NOTESTO THE FINANCIAL STATEMENTS- ¢ontlThJed FOR THE YEAR ENDED 31 AUGUST Z025 MOVEMENT IN FUNDS General lund This fund rep￿SentS the I￿&fundS of the charlty and 8roup that are not deslgnated for partkular purpose. hl rant fun Th15 fund is de51gned to fund projects that support The Inststute's mlsslon of 'ln5plrin8 great leadershlp everywhe￿.. 19. EMPLOYEE 8ENEAT OBLIGATIONS The Group made contrlbutlons on behalf of Its employees to a deflned contrtbutlon pen51on schernt. The number of staff who have accrued retirement benefits under the deflned contrlbutlon scheme wa5 $912024.. 591. Durln8 the year contrlbutlons amounted to £129,83612024.. £120.7811 whlch are included In the Statement ol Financlal Actlvltles as they becorne payable. The number of stsff belng paid more than £60,000 who are 3ccryln8 beneffts under defined contrlbutlon arran8ements was 412024.. 51. 20. RELATED PARTY DISCLOSUKS The charltable company has taken advanta8e of exemption, under the terms ol F5nanclal Reportln8 Standard 102 The Financ5al Reportlng Standard appllcable sn the UK and Republlc of Ireland.. not to dlsclose related party transactlon$ wrth wholly owned subsldlarles wlthSn the group. There were no ￿lated party transactlons for the year ended 31 August 2025. 21. CAPITAL COMMITMENTS As at 31 Au8USt 2025 the Group had £ap+tal commitments ol £nil12024.. £108.9591. ULnMATE copifROLLING PARTY The Instltutt Is controlled by its DI￿rtOr Trustee5. Page 30