2022-03-31-accounts - Global Leadership Network UK

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GLOBAL LEADERSHIP NETWORK UK

(A Company Limited by Guarantee)

COMPANY NUMBER 3057781 REGISTERED CHARITY NUMBER 1069726

UNAUDITED FINANCIAL STATEMENTS

For the period ended

31 March 2022

LEGAL AND ADMINISTRATIVE DETAILS

Charity Name: Global Leadership Network UK Registered Charity Number: 1069726 Company Number: 03057781 Principal Address: The C3 Centre 2 Brooks Road Cambridge CB1 3HR Registered Office The C3 Centre 2 Brooks Road Cambridge CB1 3HR The Council of Management: Mr Scott Cochrane Mr Gary Schwammlein (Resigned 18 July 2022) Mr Steven Smith Mr Mark Faithfull Mrs Helen Reed (Resigned 18 July 2022) Mr Andrew Worthington Company Secretary: Mrs Rachael C o ttell (Resigned 25 October 2021) Bankers: Barclays Bank PLC 425-427 Shirley Road Shirley Southampton SO15 3EU Independent Examiner: Robert Allin FCA Independent Examiner Milton Hall, Ely Road Milton Cambridge CB24 6WZ

Page 1

GLOBAL LEADERSHIP NETWORK UK

REPORT OF THE COUNCIL OF MANAGEMENT

The Council of Management presents its report and the Financial Statements of the company for the period ended 31 March 2022 in accordance with the Statement of Recommended Practice: 'Accounting by Charities' (SORP).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Global Leadership Network UK ("GLN UK") is a registered charity and is a registered company limited by guarantee. The company is governed by its memorandum and articles of association dated 17[th] May 1995.

GLN UK is an affiliate of Global Leadership Network (GLN US) based in South Barrington, IL, USA under the terms and conditions of the Willow Creek Association Affiliation Agreement dated 15[th] March 2000 ("the Affiliation Agreement").

Staffing

In accordance with the Affiliation Agreement, GLN UK is governed by The Council of Management (which is the Board of Directors for the purposes of company law and Board of Trustees for the purposes of Charity Law) consisting of a minimum of five members. Each member of the Council is a member of GLN UK or aligned with its purposes. Recruitment of new Council members is subject to election by The Council of Management. Induction and training of new Council members is undertaken by the Chairman of The Council of Management and the Chief Executive. Review of each Council member's role and contribution is undertaken bi-annually by the Chairman and the Chief Executive. Review of the Chairman's role and contribution is undertaken bi-annually by the GLN International Vice President. ·

The Council of Management is responsible for policy and strategic direction. The operational and staff management was the responsibility of the CEO, Roger Fairhead from 1 December 2020 and he was supported by an administrative team.

As a result of the impact of the COVID pandemic on the charity’s activities and the resulting reduced ability to raise funds from selling tickets to events, the trustees were reluctantly forced to make all staff redundant in November 2021, thereafter, relying on volunteers to continue to deliver the charity’s objectives.

Volunteers play a vital role in fulfilling the company's objectives and activities. The volunteer roles vary from administrative support for head office functions to Event management at GLN UK conference venues.

In March 2022 Steve and Angie Campbell agreed to take on the voluntary role of joint national directors – effectively replacing the CEO role.

Risk Management

The Council of Management continues to monitor activity on a regular basis using a range of management tools (a "Scorecard" identifying key performance areas is circulated each month and presented at The Council of Management meetings) to identify potential areas of risk. This is constantly reviewed and updated. GLN US, in addition to quarterly reports, requires quarterly budgets and annual goal setting.

The Risk Assessment Report covers the necessary contingencies.

OBJECTIVES AND ACTIVITIES

The purpose of the company is the advancement of the Christian faith by the envisioning, encouraging, and equipping of church leaders. This is achieved by partnering with local churches to provide GLN leadership development training at conferences and seminars. In addition, it provides period-round training materials through membership subscriptions, Internet media and the sale of resources.

Page 2

GLOBAL LEADERSHIP NETWORK UK

REPORT OF THE COUNCIL OF MANAGEMENT

We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular the Council of Management considers how planned activities will contribute to the aims and objectives they have set.

Training

Training provides an effective means through which GLN UK achieves its vision and mission. GLN UK has a strategic goal to provide quality conferences and seminars. Invariably this takes the form of at least one, and usually several major one day events which provide a high inspiration factor and fulfil the 'envision, encourage, equip' objective. In addition, GLN UK provides internet training programmes using video and audio resources from the live events.

The administration of the training is undertaken primarily by the GLN UK team of volunteers who assist with the preparation of mail shots, signage, resources, packaging and other tasks entailed in the running of such big events.

ACHIEVEMENTS AND PERFORMANCE

2020 proved a challenging period for performance, which had ramifications for 2021, which were further exacerbated by the COVID pandemic.

Training

In the UK a set of major one day events took place over multiple venues in the UK & Ireland.

GLS - October/November
The one day GLS online videocast events brought the top leadership sessions from the US Leadership Summit to the UK

Total bookings: 700 – against a budget target of 2100

The significant shortfall in ticket sales for GLS events resulted in a financial shortfall requiring the Trustees to take steps to reduce the ongoing running costs of the charity.

FINANCIAL REVIEW

Reserves Policy

The aim of The Council of Management is to keep in distributable reserves an amount equivalent to at least six months of operating expenses (in the period to 31 March 2022 operating expenses including salaries, rent, office expenses and other overheads totaled £191,707) The ongoing expenses were significantly reduced by the staff redundancies in November 2021, reducing the operating expenses to less than £2,000 per month from April 2022.

At 31 March 2022, the company had unrestricted funds available of £25,880 (2021: £163,359), which The Council of Management feels is satisfactory. The Council of Management will continue to review the level of reserves in the light of the Association's ongoing plans and requirements.

Public Benefit

The company provides a number of free resources for public benefit. In addition, for a fee, extra resources are made available to individuals and the churches they represent. For low income individuals, GLN UK offers discretionary discounts on its membership, resources, and conference fees.

Page 3

GLOBAL LEADERSHIP NETWORK UK

REPORT OF THE COUNCIL OF MANAGEMENT

Results for the Period

The company had net outgoing resources of £137,479 for the period ended 31 March 2022 (2020: £91,298).

No donations were received for the GLDF in 2022.

In 2008 The Council of Management agreed upon a policy of apportioning a tenth of the company's surplus to third party organisations. Council members nominate the third party organisations such that they are consistent with the objects of the company and there are no conflicts of interest. At 31 March 2022, £11,118 remained to be apportioned. This represents a surplus from previous periods less subsequent donations. A loss was made this period of £137,479 in unrestricted funds which means there will be no apportionment from 2022.

The balance sheet shows total net assets of £46,266 (2020: £187,745), which are held for use by the company in furtherance of its objectives.

As a result of the restructuring and staff redundancies reducing the running costs of the charity, the Council of Management has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason The Council of Management continues to adopt the going concern basis of accounting in preparing the annual financial statements (See note 1 to the financial statements).

FUTURE PLANS

GLN UK plans to focus on its core activity of running online and in person GLS training events.

Training:
The GLS is the principal thrust behind all our activity. GLN UK plans to provide in 2022:
The GLS one day online and in person events, continuing with its desire to make the world- class training of the Summit 'annual, accessible and affordable'.
Online learning on leadership topics through the rest of the year.
Resources:
We plan to focus on conference related resources online and at our events.

Page 4

GLOBAL LEADERSHIP NETWORK UK

REPORT OF THE COUNCIL OF MANAGEMENT

The Council of Management Members' Responsibilities

The members of The Council of Management are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the members of The Council of Management to prepare financial statements for each financial period. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The members of The Council of Management are responsible for keeping proper accounting records that 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.

Small Company Provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by The Council of Management on 29 December 2022 and signed on its behalf by

Mr Mark Faithfull Chairman

Page 5

GLOBAL LEADERSHIP NETWORK UK

INDEPENDENT EXAMINER'S REPORT

I report on the financial statements of the charity for the period ended 31 March 2022 set out on pages 7 to 16.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The charity's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of · Chartered Accountants in England and Wales.

It is my responsibility to:

examine the financial statements under section 145 of the Charities Act;
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a "true and fair'' view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention to:

indicate that accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
indicate that the financial statements do not accord with such records;
indicate that the financial statements fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102);
which, in my opinion, attention should be drawn to gain a proper understanding of the financial statements.

Robert Allin FCA Independent Examiner Milton Hall, Ely Road Milton Cambridge CB24 6WZ

29 December 2022

Page 6

GLOBAL LEADERSHIP NETWORK UK	GLOBAL LEADERSHIP NETWORK UK	Charity No.	1069726
Annual accounts for the period
1st January 2021	to	31st March 2022

Section A Statement of financial activities

Unrestricted Restricted Total funds Total Funds funds funds 2022 2020 £ £ £ £

Incoming resources (Note 3)

Income and endowments from:

Donations and legacies Charitable activities Investments Other

Total

26,257	-	26,257	40,306
38,014	-	38,014	12,895
11	-	11	261
-	-	-	686
64,282	-	64,282	54,148

Resources expended (Note 4)

Expenditure on:

Expenditure on:
Charitable activities Other Net gains/(losses) on investments Extraordinary items Other gains/(losses) *Reconciliation of funds:* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	201,761	-	201,761	141,472
	-	-	-	3,974
	201,761	-	201,761	145,446

	(137,479)	0	(137,479)	(91,298)
	-	-	-	-
	(137,479)	0	(137,479)	(91,298)
	-	-	-	-
	-	-	-	-

	-	-	-	-
	-	-	-	-
	(137,479)	0	(137,479)	(91,298)

	163,359	20,386	183,745	275,043
	25,880	20,386	46,266	183,745

Page 7

Section B

Balance sheet

Unrestricted funds Restricted income funds Endowment funds 2022 2020 £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds 2022 2020 £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds 2022 2020 £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds 2022 2020 £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds 2022 2020 £ £ £ £ £
-	-	-	-	-
-	-	-	-	-

-	-	-	-	4,242
971	-	-	971	8,461
49,419	20,386	-	69,805	180,799
50,390	20,386	-	70,776	193,502

24,510	-	-	24,510	9,757

25,880	20,386	-	46,266	183,745

25,880	20,386	-	46,266	183,745

25,880	20,386	-	46,266	183,745

	20,386		20,386	20,386
25,880			25,880	163,359
25,880	20,386	-	46,266	183,745

Signature		Print Name		Date
		MARK FAITHFULL		29/12/2022

Page 8

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by the Charity Commission's general guidance.

1.2 Going concern

An explanation as to those factors that support The Council of Management has a reasonable expectation that the the conclusion that the charity is a going company has adequate resources to continue in operational existence for concern; the foreseeable future. For this reason The Council of Management continues to adopt the going concern basis of accounting in preparing the annual financial statements. Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the N/A charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

Yes No		* -Tick as appropriate
	

Please disclose:

*(i) the nature of the change in accounting policy;*	*N/A*
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information;* *and*	*N/A*
*(iii) the amount of the adjustment for each line affected* *in the current period, each prior period presented and* *the aggregate amount of the adjustment relating to* *periods before those presented, 3.44 FRS 102 SORP.*	*N/A*

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes No		* -Tick as appropriate
	
*Please disclose*	:
*(i) the nature of*	*any changes;*	*N/A*
*(ii) the effect of* *assets and liabi*	*the change on income and expense or* *lities for the current period; and*	*N/A*
*(iii) where practicable, the effect of the change in one or* *more futureperiods.*		*N/A*

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No *Please disclose*		* -Tick as appropriate	* -Tick as appropriate
	
	:
*(i) the nature of*	*the prior*	*period error;*	*N/A*
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*			*N/A*
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*			*N/A*

Page 9

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

These are included in the Statement of Financial Activities (SoFA) when:

Recognition of income These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability.

Yes No N/a	Yes No N/a	Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		

they are measured at the cash or other consideration expected to be received. Page 10

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income
Donations and gifts Gift Aid Legacies Other Total Membership (Churches & Individuals) UKConferences-GLS Resources Sales Total Interest income Other - Foreign Exchange Total TOTAL INCOME Income from investments: Analysis Donations and legacies: Charitable activities:	Analysis	Unrestricted funds Restricted income funds Total funds 2022 Total funds 2020 £ £ £ £
	Donations and gifts	25,520	-	25,520	40,306
	Gift Aid	737	-	737	-
	Legacies	-	-	-	-
	Other	-	-	-
	Total	26,257	-	26,257	40,306

	Membership (Churches & Individuals)	25,742	-	25,742	6,801
	UKConferences-GLS	11,112	-	11,112	1,165
	Resources Sales	1,160	-	1,160	4,929
	Total	38,014	-	38,014	12,895

	Interest income	11	-	11	261
	Other - Foreign Exchange	-	-	-	686
		11	-	11	947

		64,282	-	64,282	54,148

Page 11

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Analysis Expenditure on charitable	Unrestricted funds Restricted income funds Endowment funds Total funds 2022	Unrestricted funds Restricted income funds Endowment funds Total funds 2022	Unrestricted funds Restricted income funds Endowment funds Total funds 2022	Unrestricted funds Restricted income funds Endowment funds Total funds 2022	Unrestricted funds Restricted income funds Endowment funds Total funds 2020	Unrestricted funds Restricted income funds Endowment funds Total funds 2020	Unrestricted funds Restricted income funds Endowment funds Total funds 2020	Unrestricted funds Restricted income funds Endowment funds Total funds 2020
Members' services
- Member benefits	5,000	-	-	5,000	-	-	-	-
- Support costs	46,144	-	-	46,144	31,701	-	-	31,701

UK Conference
- Other conference expenses	1,389	-	-	1,389	9,506	-	-	9,506
- Support costs	132,490	-	-	132,490	91,021	-	-	91,021

Resources
- Cost of sales	3,666	-	-	3,666	262	-	-	262
- Support costs	13,073	-	-	13,073	8,981	-	-	8,981

Other Total expenditure on charitable activities	201,762	-	-	201,762	141,471	-	-	141,471

Trustee's expenses	-	-	-	-	3,974	-	-	3,974
TOTAL EXPENDITURE Total other expenditure	-	-	-	-	3,974	-	-	3,974

	201,762	-	-	201,762	145,445	-	-	145,445

Other information:

Analysis of expenditure on charitable activities

	2022	2022	2022	2022	2020	2020	2020	2020
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total	Activities undertaken directly	Grant funding of activities	Support Costs	Total
	£	£	£	£	£	£	£	£
Member's services	5,000	-	46,144	51,144	-	-	31,701	31,701
UK Conference	1,389	-	132,490	133,879	9,506	-	91,021	100,527
Resources	3,666	-	13,073	16,739	262	-	8,981	9,243
Total	10,055	-	191,707	201,762	9,768	-	131,703	141,471

Page 12

Section C Notes to the accounts (cont)

Note 5 Support Costs

2022

2022
Support cost	Members' Services	UK Conference	Resource	Total
	£	£	£	£
Payroll Costs	32,801	94,180	9,293	136,274
Office Accomodation	4,311	12,378	1,221	17,910
Office Supplies	1,104	3,170	313	4,587
Travelling & Subsistence	89	254	25	368
Professional incl. Marketing	7,839	22,508	2,221	32,568
Total	46,144	132,490	13,073	191,707

2020

2020
Support cost	Members' Services	UK Conference	Resource	Total
	£	£	£	£
Payroll Costs	23,349	67,041	6,615	97,005
Office Accomodation	3,097	8,892	877	12,866
Office Supplies	2,307	6,625	654	9,586
Travelling & Subsistence	470	1,350	133	1,954
Professional	2,477	7,113	702	10,292
Total	31,701	91,021	8,981	131,703

Page 13

Section C Notes to the accounts (cont)

Note 6 Paid employees

6.1 Staff Costs

Other employee benefits Total staff costs Pension costs (defined contribution scheme) Salaries and wages Social security costs	2022 £	2020 £
	124,740	89,451
	7,469	4,490
	4,064	2,690
	-	374
	136,273	97,005

No employees received employee benefits (excluding employer pension costs) for the reporting periods of more than £60,000

6.2 Average head count in the year The parts of the charity in which the employees work

	2022 Number	2020 Number
Administration	1	1
Charitable Activities	1	1
Operational support	1	1
Total	3	3

Note 7 Debtors and prepayments

Trade debtors Other debtors Total Analysis of debtors Prepayments and accrued income	2022 £	2020 £
	191	8,461
	-	-
	780	-
	971	8,461

Note 8 Creditors and accruals

Trade creditors Other creditors Total Accruals and deferred income Taxation and social security Analysis of creditors - Amounts falling due within one	2022 £	2020 £
	4,778	4,275
	19,694	5,370
	-	-
	37	112
	24,509	9,757

Page 14

Section C Notes to the accounts (cont)

Note 9 Charity funds

9.1 Details of material funds held and movements during the 2022 reporting period

Fund names	Type	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
GLS	Restricted	Promotion of GLN in the developing world	20,386	-	-	-	-	20,386

Designated	Unrestricted	Third party organisations wth consistent objects of the company and where there are no conflicts of interest.	11,118	-	-	-	-	11,118

General	Unrestricted	Unrestricted for use in accordance with the charitable objectives	152,241	64,282	(201,761)	-	-	14,762

Total Funds			183,745	64,282	(201,761)	-	-	46,266

9.2 Details of material funds held and movements during the 2020 reporting period

Fund names	Type	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
GLS	Restricted	Promotion of GLN in the developing world	20,386	-	-	-	-	20,386

Designated	Unrestricted	Third party organisations wth consistent objects of the company and where there are no conflicts of interest.	11,118	-	-	-	-	11,118

General	Unrestricted	Unrestricted for use in accordance with the charitable objectives	243,539	54,148	(145,446)	-	-	152,241

Total Funds			275,043	54,148	(145,446)	-	-	183,745

Page 15

Section C Notes to the accounts (cont)

Note 10 Transactions with trustees and related parties

10.1 Trustee remuneration and benefits

2022

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

2020

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

10.2 Trustees' expenses

Type of expenses reimbursed	2022	2020
	£	£
Travel	-	3,195
Subsistence	-	118
Accommodation	-	621
	-
TOTAL	-	3,934
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
	0	1

Page 16