Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 true 1 March 2024 28 February 2025 28 February 2025 09367066 Susan Bonney Adam Grodecki Simon Hayward Martin Hewitt Anthony Salz Caitriona Ruth Turner Emmajane Varley Jessica Dennis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09367066 2024-02-29 09367066 2025-02-28 09367066 2024-03-01 2025-02-28 09367066 frs-core:CurrentFinancialInstruments 2025-02-28 09367066 frs-core:Non-currentFinancialInstruments 2025-02-28 09367066 frs-core:ComputerEquipment 2025-02-28 09367066 frs-core:ComputerEquipment 2024-03-01 2025-02-28 09367066 frs-core:ComputerEquipment 2024-02-29 09367066 frs-core:FurnitureFittings 2025-02-28 09367066 frs-core:FurnitureFittings 2024-03-01 2025-02-28 09367066 frs-core:FurnitureFittings 2024-02-29 09367066 frs-core:MotorVehicles 2025-02-28 09367066 frs-core:MotorVehicles 2024-03-01 2025-02-28 09367066 frs-core:MotorVehicles 2024-02-29 09367066 frs-core:PlantMachinery 2025-02-28 09367066 frs-core:PlantMachinery 2024-03-01 2025-02-28 09367066 frs-core:PlantMachinery 2024-02-29 09367066 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09367066 frs-countries:UnitedKingdom 2024-03-01 2025-02-28 09367066 frs-bus:CompanyLimitedByGuarantee 2024-03-01 2025-02-28 09367066 frs-bus:FullAccounts 2024-03-01 2025-02-28 09367066 frs-bus:SmallEntities 2024-03-01 2025-02-28 09367066 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 09367066 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09367066 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 09367066 frs-bus:Director1 2024-03-01 2025-02-28 09367066 frs-bus:Director2 2024-03-01 2025-02-28 09367066 frs-bus:Director3 2024-03-01 2025-02-28 09367066 frs-bus:Director4 2024-03-01 2025-02-28 09367066 frs-bus:Director5 2024-03-01 2025-02-28 09367066 frs-bus:Director6 2024-03-01 2025-02-28 09367066 frs-bus:Director7 2024-03-01 2025-02-28 09367066 frs-bus:Director7 2025-02-28 09367066 frs-bus:Director8 2024-03-01 2025-02-28 09367066 frs-bus:Director8 2025-02-28 09367066 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 09367066 1 2024-03-01 2025-02-28 09367066 frs-core:CurrentFinancialInstruments 1 2025-02-28 09367066 frs-countries:EnglandWales 2024-03-01 2025-02-28 09367066 2023-02-28 09367066 2024-02-29 09367066 2023-03-01 2024-02-29 09367066 frs-core:CurrentFinancialInstruments 2024-02-29 09367066 frs-core:Non-currentFinancialInstruments 2024-02-29 09367066 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09367066 frs-countries:UnitedKingdom 2023-03-01 2024-02-29 09367066 1 2023-03-01 2024-02-29 09367066 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 09367066
Responsible Leadership Foundation Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 28 February 2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Company Information 1
Directors' Report 2—4
Accountant's Report 5
Income and Expenditure Account 6
Balance Sheet 7—8
Notes to the Financial Statements 9—12
Page 1
Company Information
Directors Susan Bonney
Adam Grodecki
Simon Hayward
Martin Hewitt
Anthony Salz
Caitriona Ruth Turner
Emmajane Varley
Secretary Jessica Dennis
Company Number 09367066
Registered Office 5-9 Quality House, Quality Court
London
WC2A 1HP
Accountants Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 28 February 2025.
Principal Activity
Founded in 2015, the Forward Institute exists to build the leaders and organisations the future demands. In an exceptional era, we believe better is possible, but only if leadership is reimagined. We design and deliver breakthrough interventions that move leaders, organisations, and the world forward.
Our work has two main pillars:
1. Forward Programmes - cross-sector leadership development programmes; and
2. Forward Advisory - leadership advisory with ExCos and senior teams across the private, public, and social sectors. 
1. Forward Programmes
Fellowship Programme
Forward Fellowship is our flagship 15-month programme designed to bring together exceptional senior leaders from across sectors to challenge assumptions, explore values, and shape leadership for a better world.
In 2024–25, we delivered Cohort 9 (90 Fellows from 31 organisations) and launched Cohort 10 (108 Fellows from 46 organisations). By February 2025, our Fellowship community grew to 817, each continuing their responsible leadership journey as part of a thriving lifelong network.
Exchange Programme
Forward Exchange is a six-month leadership experience that pairs participants with peers from different organisations to explore leadership in practice. Over the year, we ran 2 Cohorts with 111 participants from 43 organisations, continuing to strengthen our cross-sector learning and community.
2. Forward Advisory
Through our Advisory Practice, we work directly with partner organisations to help them embed the principles of responsible leadership and transform their organisations. 
In 2024–25, we partnered with 22 organisations on 58 projects, focusing on organisational culture shifts, leadership team development, and purpose-led transformation.
Review of the Business
Financial Summary
Our total income for the year ended 28 February 2025 was £3,847k, reflecting a 25% increase from the previous year. This was driven by a 55% growth in our Advisory work.
While our cost of sales rose 65% to support this expansion, careful management of administrative costs allowed a 12% reduction in overheads. This allowed us to close the year with a net surplus of £73k, increasing reserves to £790k and ensuring a strong foundation for future impact.
Governance and Funding
The Forward Institute is a non-profit organisation. All surpluses are reinvested into our mission to grow responsible leadership. Our board comprises seven directors, meeting at least four times per year, with all non-executive directors contributing strategic oversight and governance.
...CONTINUED
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Review of the Business - continued
Our income is derived primarily from programme fees and bespoke advisory projects, with discounted fees available for public and social sector partners.
Impact and Commitments
B Corporation
We are proud to be a certified B Corporation since 2018, affirming our commitment to balancing purpose with performance. In 2024, our B Corp score reached 120.5, significantly exceeding the certification threshold of 80 points.
Sustainability and Climate Action
Since declaring a climate emergency in 2019, we have pledged to deliver carbon-neutral events, run a carbon-neutral HQ, and collaborate with partners on climate action. We continue to offset emissions while working to reduce them, and saw our B Corp environment score increase to 10.2 in 2024, reflecting our commitment to sustainability.
The Directors would like to thank our partners, Fellows, Exchangers, the wider Forward Institute community, and the Forward Institute team for their continued trust and commitment. Together, we are proving that by changing leadership, we can change everything.
Directors
The directors who held office during the year were as follows:
Susan Bonney
Adam Grodecki
Simon Hayward Appointed 15/05/2025
Martin Hewitt
David Rhodes Resigned 15/05/2025
Anthony Salz
Caitriona Ruth Turner
Emmajane Varley
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Adam Grodecki
Director
01/08/2025
Page 4
Page 5
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Responsible Leadership Foundation Limited for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Responsible Leadership Foundation Limited for the year ended 28 February 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Responsible Leadership Foundation Limited , as a body, in accordance with the terms of our engagement letter dated 24 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of Responsible Leadership Foundation Limited and state those matters that we have agreed to state to the directors of Responsible Leadership Foundation Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Responsible Leadership Foundation Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Responsible Leadership Foundation Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Responsible Leadership Foundation Limited . You consider that Responsible Leadership Foundation Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Responsible Leadership Foundation Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Joshua Turner FCCA
01/08/2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
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Income and Expenditure Account
2025 2024
Notes £ £
TURNOVER 3 3,695,773 2,996,737
Cost of sales (1,258,848 ) (763,595 )
GROSS SURPLUS 2,436,925 2,233,142
Administrative expenses (2,516,979 ) (2,866,365 )
Other operating income 111,953 26,401
OPERATING SURPLUS/(DEFICIT) 4 31,899 (606,822 )
Surplus on disposal of fixed assets 800 525
Other interest receivable and similar income 38,918 42,941
Interest payable and similar charges - (26 )
SURPLUS/(DEFICIT) BEFORE TAXATION 71,617 (563,382 )
Tax on Surplus/(deficit) 6 1,720 38,792
SURPLUS/(DEFICIT) AFTER TAXATION BEING SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 73,337 (524,590 )
The results relate wholly to continuing activities.
The notes on pages 9 to 12 form part of these financial statements.
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Page 7
Balance Sheet
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 7 13,338 20,219
13,338 20,219
CURRENT ASSETS
Debtors 8 1,099,176 1,112,609
Investments 9 370,000 400,000
Cash at bank and in hand 1,111,978 1,134,517
2,581,154 2,647,126
Creditors: Amounts Falling Due Within One Year 10 (1,801,220 ) (1,864,636 )
NET CURRENT ASSETS (LIABILITIES) 779,934 782,490
TOTAL ASSETS LESS CURRENT LIABILITIES 793,272 802,709
Creditors: Amounts Falling Due After More Than One Year 11 - (81,054 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (3,335 ) (5,055 )
NET ASSETS 789,937 716,600
Income and Expenditure Account 789,937 716,600
MEMBERS' FUNDS 789,937 716,600
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For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board of directors on 1 August 2025 and were signed on its behalf by:
Adam Grodecki
Director
01/08/2025
The notes on pages 9 to 12 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Responsible Leadership Foundation Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 09367066 . The registered office is 5-9 Quality House, Quality Court, London, WC2A 1HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 3 years straight line
Furniture & Fixtures 5 years straight line
Phone Equipment 3 years straight line
Computer Equipment 3 years straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Turnover
All company turnover derived from the United Kingdom.
2025 2024
£ £
United Kingdom 3,695,773 2,996,737
3,695,773 2,996,737
4. Operating Surplus/(deficit)
The operating surplus/(deficit) is stated after charging:
2025 2024
£ £
Depreciation of tangible fixed assets 12,822 15,787
5. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2024: 32)
24 32
6. Tax on Surplus
Tax Rate 2025 2024
2025 2024 £ £
Current tax
UK Corporation Tax 19.0% 19.0% - (38,027 )
Deferred Tax
Deferred taxation (1,720 ) (765 )
Total tax charge for the period (1,720 ) (38,792 )
2025 2024
£ £
Profit before tax 71,617 (563,382)
Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate) 13,607 (107,307 )
...CONTINUED
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Goodwill/depreciation not allowed for tax 2,436 3,000
Expenses not deductible for tax purposes 1,571 2,331
Tax losses utilised (16,637 ) -
Capital allowances (977 ) (2,335 )
Short term timing differences (1,720 ) (765 )
Tax losses unutilised carried forward - 66,284
Total tax charge for the period (1,720) (38,792)
7. Tangible Assets
Office Equipment Furniture & Fixtures Phone Equipment Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 1,808 3,508 20,122 43,343 68,781
Additions - - 2,694 3,247 5,941
Disposals - - - (6,815 ) (6,815 )
As at 28 February 2025 1,808 3,508 22,816 39,775 67,907
Depreciation
As at 1 March 2024 919 682 15,539 31,422 48,562
Provided during the period 552 702 3,178 8,390 12,822
Disposals - - - (6,815 ) (6,815 )
As at 28 February 2025 1,471 1,384 18,717 32,997 54,569
Net Book Value
As at 28 February 2025 337 2,124 4,099 6,778 13,338
As at 1 March 2024 889 2,826 4,583 11,921 20,219
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 602,651 702,871
Prepayments and accrued income 459,877 340,835
Other debtors 27,920 28,917
Employee loans 8,637 1,868
Corporation tax recoverable assets 91 38,118
1,099,176 1,112,609
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9. Current Asset Investments
2025 2024
£ £
Short term deposits 370,000 400,000
Current Asset Investments relate to cash deposits with a maturity of greater than 90 days.
10. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 126,048 55,024
Other taxes and social security 96,469 53,449
VAT 120,962 266,566
Other creditors 25,029 18,467
Accruals and deferred income 1,432,712 1,471,130
1,801,220 1,864,636
11. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Accruals and deferred income - 81,054
Accruals and deferred income comprise of income invoiced before 28 February 2025 that will be recognised after 28 February 2025.
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 3,335 5,055
13. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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