TEACH FOR ALL NETWORK FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 Company No. 07567032 Charity Registration No. 1148763 TEACH FOR ALL NETWORK l N D EX Year ended 30 September 2022 Page Gener21 infom12ti0n Report of the Trustee5 Independent Auditor'5 report Statement of Financial Activitie5 Balance Sheet 10 Statement of Cash Flows Notes to the financial stst¢mehrs 12 TEACH FOR ALL NETWORK G E N E RAL I N FORM A TION Year ended 30 September 2022 Directors and Trustees Damejulia Cleverdon Edward Vainker David Thomlinson P*tsl Fletther james Westhead Ndidi Okezie Russell Hobby Company Secretary julia Chi Regls¢ered offl¢e 22 Chancery Lane London WC2A I LS Charlty number 1148763 Company regl$tratlon numb¢r 07567032 Audltor5 Dixon Wilson Audit Seryices LLP 22 Chancery Lane London WC2A I LS Sollcltort BDB Pitmans LLP One Bartholomew Close London ECIA 7BL TEACH FOR ALL NETWORK REPO R T O F TH E TRUSTE ES Year ended 30 September 2022 The Trustees present their report and financial statements lor the year ended 30 SepLember 2022. which includes the directors, reptsrt as required by company law. The financ￿1 statements have been prepartd In ac£ordan£e with the accounung policies sec out on page 12 and With the Companies Acc 2006 and the Accounting and Reporung by Charities.. Sratetnent of RecomM￿ded Prnctice applKable to charit*s preparing their ¥ccounts in a££ord•n£e wlth the Flnancial Reporung Stsndard appli£able in the UK and Republic ol Ireland IFRS1021. Teach For All Netsvork is a company limited by Kuaranree and be£ame a regisrered chariw on 30 A￿U$r 2012. Structure* goveman£e and management The names of the directors who served throughout the ye*r *re stated an page 2. The dlretrtsrs of the company are a £hariry Trusrees for the purposes ol Charity l*w. Teach for All Network is governed by a board of Trustres who mee[ annually ro discuss the chanry s straregf, including granc making. risk maNsemenL t>olicies and perforniance. H¢>weYer. il li is detem)ined that an annual meeung is nsufficient addirional meeungs will be scheduled. The board currenrty consists of the Trustres listed on page 2. New members of this board will be selected and appts￿ted by exisDng Trusttes. New Trustees are prowded with guldance as ro rheir responslblllries frtsm exisung Trusrees and managemenL Teach for All Nerwork is govemed by Memorandum and Arucles of AssOc￿￿on dared 16 March 2011. Applicauon of Income of the chariiy is limited ro the promouon ol iu obiecrs. De£isions are made by simple majonry of Yores cast at a meetlng of the Trustee Oblectlves and acti￿tIeS for the public benefft The charlry's maln objetr Is rhe advancemeni of educauon for the public benefiL and such other charirable, phllanthroplc and benevolenr purposes In the field of educauon as the direcrors S￿11 decide. Teach For All Network works to attelernte the progress ol independenl lOC￿ty led at)d 8oYemed partner organ5￿t￿0n5 withln rhe overall Teach For slobal network. and particU￿￿Y in Europe. Each nerwtsrk Par￿er recruirs and develops promisins furure leaders ro tea£h In their nauons. hlh-need schools and communiues and. this foundarion. to work with others, Inside and ourside of educauon, ro ensure all children are able ro fvlfill rheir potential. Teach For All Ne￿Ork works to a£celernte the nerwork's progress and increase impacr by providing parEners WiEh direcr supporr, faciliraring connecrions among them. accessing ￿0b)I resources for the benefit of the neEworK and fosEering the leadershlp development ol Par￿er stsff. reachers. and alumnl. Strateglc Report Achltvemtnts and perfomiant* During the period. the Teach For All netsvork worked more than 61 parthers. Teach For All Network helped these partners achieve a rneasurdNe increase in ¥verw scale of their progAms. as well as on intrease in the effectiveness of their teachers and program alumni as measured by survey daf& During this Dme. network parn)ers also provided hlgh ratings regarding their as5essfflent of the wality of sUPPOrt from Teach For All Network The focus in the period had been on providing enough support to those in need during the Covid.19 pandemic. It Was estirnated that 80% of the world's children were out of school and the Net%York had seen thai the shift w Yirtual learning wa5 not only about generating diwt31 content but also about the rnechani5m5 Used to delwer this Content. The Teach For All 8lobai nerwork has considered these issues and has been able to hold events successlully and has seen ontinued growth in the year. Public benefit The Trusrees. having rerdrd to the Public Benefir Gui¢kn)ce published by the Chanry Commission in accordance w￿h section 17 of The Charitie5 Act 2011. COns￿er that the purpose and actI￿lIeS of Teach for All Network satisfy the requirements of the public benefit rest Set out In 5ectson 4 01 the 5atne ACL Flnanclal revlew and reserves polky The accounrs are Ser out on page5 9 to 17. The chaTTty s costs are re£har£ed to ts pareni entity and therefore has no need to rnaintain reserves at a particular level in order to ensure its continued operation. Unrestricod reserves at 30 September 2022 were in a surplus of £134.877 Ideficrt of 2021 £54.7931. In addition to thi5. the charity had £98.no 12021 £122.8011 of restricred funds to be passed on Eo education netWOTk ￿rtnerS by Wdy of funding grants and expendiDJre on network partner supporL TEACH FOR ALL NETWORK REPO R T O F TH E TRUSTE ES (CONTI N U EDI Year ended 30 September 2022 Grant making policy Teach f¢r All Network seek5 projects to fund and does not accept unsolicited applicatyon5 for grants. Future developments The Trusrees will conunue with rhe primary obiecrive of athancemenr of educauoTr for the public benefit in the UK and worldwide. Teach For All Network is part of the Teach For All necwork and endelvours to build the capa£iry of nerwork par￿er$ In their effecuveness to address educauon inequaliry in the UK and worldwide. The nerwork currenrly has 61 Par￿er organisauons worldwide and in the luwre it has the plan ro grow by adding approximarely 4 owanisatyons around the wodd each year. In rhe shorr term, Teach For All Nerwork aspires ro f0s￿r an enviroTrmeTrE conducive to the growth of the ￿e￿Ork and its partners, increase the capaciry and ImpacT off parrners, and build a diverse and thriving organ15auon and network. Over the longer rem), Teach For All Nerwork aspires ro several inlended outcomes. it)cluding." developing a s￿nifiCan[ number of extraordinary leaders who ¢each suc 13,358.747} 161,586 61.586 Totaj expendlture Net incomel{eMpenditure} for the year before tax 212.154 121.586 190.568 (213.195) Foreign exchange {Ios5llgain Net In¢omel{expendleure) and net mov¢ment offunds 122.4841 149SI 124,9791 (10.841) 189.670 124.081 122.&)1 165.589 {224,030) 292,044 Funds brought fotward Funds wrSed forward 154.7931 134.877 68,008 98,no 233,597 68,008 The Statement of Financial Activities include5 all ￿1n$ and losses for the year. All incoming re50urce5 and resources expended derive from continuing activities. ## **TEACH FOR ALL NETWORK** ## BALANCE SHEET ## **At 30 September 2022** **Company No. 07567032 Charity Registration No.** 1 **148763** **----- Start of picture text -----**
Note 2022 2021
£ £
Current assets
Debtors 13 366,381 132,142
Cash at bank 14 111,848 174,200
478,229 306,342
Liabilities
Creditors falling due within one year 15 (244,632) (238,334)
Net current assets 233,597 68,008
Total funds of the charity:
Unrestricted funds 17 134,877 (54,793)
Restricted funds 17 98,720 122,801
Total funds 233,597 68,008
**----- End of picture text -----**
For the year ended 30 September 2022, the charity 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 of its accounts for the year in question in accordance with section 476. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements have been audited under the requirements of section 144 of the Charities Act 2011. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime in part 15 of the Companies Act 2006. The accounts on pages 9 to 17 were approved by the Trustees on 8 JUNE behalf by: 2023 and were signed on its DAME JULIA CLEVERDON Director 10 TEACH FOR ALL NETWORK ST A TEMENT OF CASH FLOWS Year ended 30 September 2022 2022 Total 2021 Total Note Net cash provided byl{u5ed in) operatin8 actNityes 20 63,283 1296,048) Cosh Iov*s from iftve5tinE OCDVID Dividend5 and interest 931 Ner cash provided by investing acriviues 931 Change in Cash and cash eqvivalenrs 62.3521 {296,048) Cash and ¢a$h equivalents broughc forward 174,2C¥) 47Q.248 Cash and cash equivalents carried forward 111,848 174,200 TEACH FOR ALL NETWORK N OTE S TO TH E FI NAN C IAL ST A T EM EN TS Year ended 30 September 2022 Accounting policies Basis of preparation The attounts are prepared on a histOTital tost basi¥ in actordante with the Ststèment of Retommended Prattite applicable for charitie5 preparing their account5 in accordance with the Firwnctyl Reportyng Standard applicable in the UK and Republic of Ireland IFRS 1021 Charities SORP IFRS 1021. the Finantial Reporting Stxndards applicable to the UK and Republic of Ireland IFRS 1021, the Companies Act 2CQ6 and the Charities ACL 2011. The Te2th For All Ne￿￿tsrk meers the definition ol a PU￿1£ beneft enDry under FRS 102. Preparatlon of the 4¢¢ounts a golrtg