ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
TeachBeyond
(A company limited by guarantee) Charity registration number: 1156766 Company registration number: 08922433
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
TEACHBEYOND
CONTENTS
| Legal and Administrative Information | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 16 |
TEACHBEYOND
LEGAL AND ADMINISTRATIVE INFORMATION
Charity Registration 1156766 Number Company Registration 08922433 Number Trustees Dr Oborn-Barrett Dr Coleen Rachel Jackson Mr Mark Merrill Wiebe Mr Alan James McIlhenny Registered address 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers HSBC plc 6 West Street Horsham West Sussex RH12 1PE Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
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TEACHBEYOND
TRUSTEES' REPORT
The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020.
Structure, governance and management
Nature of governing document
TeachBeyond is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
Recruitment and appointment of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Objectives and activities
Objects and aims
The principal object of the company is to provide the advancement of Christianity and the furtherance of transformational education.
Objects:
- The advancement of Christianity and the furtherance of transformational education. - Other charitable purposes for the public benefit as the Trustees may from time to time determine.
Public benefit
We seek to advance both Christianity and learning through the provision of educational services. We work with teachers, adult educators, schools and other educational providers for the benefit of children, adult learners, their families and society in general. We provide holistic education founded on the Christian faith for academic and social improvement. We also provide services for teachers, administrators and other educators worldwide to aid them in delivering transformational education for the long-term benefit of their communities and nations.The services, resources and personnel TeachBeyond provides likewise benefit the schools, agencies and educational establishments with which we partner.
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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TEACHBEYOND
TRUSTEES' REPORT
Objectives, strategies and activities
Achievements and performance
Review of activities
TeachBeyond Ltd, like any organization working globally, saw COVID-19 as a significant factor in how business was conducted throughout the year. Despite the ongoing restrictions, TeachBeyond continued to develop as an organization while increasing its global online networking and coordinating services. The trustees and members of the charity (Global committee) were not able to meet in person during the year, but work continued to progress in considering overall strategy and specific initiatives to support the global work.
Our office in Horsham, referred to as the Global Centre, increased in size as we added two staff to the team working at the centre, which expanded the services offered based in Horsham. The Global Centre staff did not spend significant time together in person at the office due to the ongoing guidance to work at home. Although restrictions prevented the Global Centre from hosting training and leadership meetings, the global work was supported through a number of online initiatives led by the team in Horsham. In December, the office space was increased to meet the anticipated growth in the year to come.
In summary, the global work continued to grow at a steady pace with growth in all regions. Latin America, in particular, saw strong growth in 2020 as TeachBeyond integrated a number of new schools and projects.
Financial review
Policy on reserves
No reserves of restricted funds are held. Reserves of unrestricted funds are held to cover 3 months operating costs. In the medium term the Directors will investigate other sources of funding for the company, including in particular from international projects which are increasingly capable of providing financial support.
Principal funding sources
Income for the year ended 31 December 2020 was £129,928 (2019 - £119,332). Expenditure for the same period was £146,158 (2019 - £104,806), producing a deficit of £16,230 (2019 - surplus £14,526). Funds carried forward amount to £69,107 (2019 - £85,337).
TeachBeyond is dependent on funding through TeachBeyond national entities, primarily TeachBeyond Inc USA, to keep it functioning. This consists of restricted funds to pay staff salaries and unrestricted funds to cover the operating expenses of the company. Regular communication is made with TeachBeyond Inc. USA to ensure timely transfers of funds are made so that salaries can be paid. This funding is agreed in advance as part of the annual budget of TeachBeyond Inc. USA.
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TEACHBEYOND
TRUSTEES' REPORT
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Plans for future periods
Aims and key objectives for future periods
The primary goal for 2021 is to launch the new strategic plan called “embracing the vision.” The 18-month process for planning the 2021-25 strategic plan was completed and adopted by the trustees in November 2020. This plan set out a bold vision for how the organization will push towards missional effectiveness through four primary “orienting goals.” The updated orienting goals are:
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Members will increasingly become effective models of a transformed life
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Learners will be excellent, holistic, Christocentric, & contextual for all
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Organizations will be relevant, resourceful, and effective
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Communities will experience redemptive transformation
These strategies and related goals will be introduced in 2021 to the organization’s global network as a framework for the next five years.
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TEACHBEYOND
TRUSTEES' REPORT
Statement of Trustees' Responsibilities
The Trustees (who are also the directors of TeachBeyond for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees 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 charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the charity on 16 September 2021 and signed on its behalf by:
......................................... Dr Coleen Rachel Jackson Trustee
Page 5
TEACHBEYOND
INDEPENDENT EXAMINER'S REPORT
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 7 to 16.
Respective responsibilities of Trustees and examiner
As the charity’s Trustees of TeachBeyond (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of TeachBeyond are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of TeachBeyond as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
16 September 2021
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TEACHBEYOND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 3 25,463 Investment income 4 53 Total income 25,516 Expenditure on: Charitable activities 5 41,746 Total expenditure 41,746 Net (expenditure)/income (16,230) Net movement in funds (16,230) Reconciliation of funds Total funds brought forward 85,337 Total funds carried forward 12 69,107 |
Restricted funds £ 104,412 - 104,412 104,412 104,412 - - - - |
Total 2020 £ 129,875 53 129,928 146,158 146,158 (16,230) (16,230) 85,337 69,107 |
Total 2019 £ 119,246 86 |
|---|---|---|---|
| 119,332 | |||
| 104,806 | |||
| 104,806 | |||
| 14,526 | |||
| 14,526 70,811 |
|||
| 85,337 |
The notes on pages 9 to 16 form an integral part of these financial statements. Page 7
TEACHBEYOND
REGISTERED NUMBER: 08922433
BALANCE SHEET AS AT 31 DECEMBER 2020
| Note Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 12 |
2020 £ 4,667 12,520 54,998 67,518 (3,078) 64,440 69,107 69,107 69,107 |
2019 £ - 12,520 75,899 |
|---|---|---|
| 88,419 (3,082) |
||
| 85,337 | ||
| 85,337 | ||
| 85,337 | ||
| 85,337 |
For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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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 on pages 7 to 16 were approved by the Trustees, and authorised for issue on 16 September 2021 and signed on their behalf by:
.........................................
Dr Coleen Rachel Jackson Trustee
The notes on pages 9 to 16 form an integral part of these financial statements. Page 8
TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
TeachBeyond meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants receivable
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Fixtures and fittings | 33% on cost |
| Furniture and equipment | 33% on cost |
| Computer equipment | 33% on cost |
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charity.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
3 Income from donations and legacies
| Donations and legacies; Donations Grants, including capital grants; Grants |
Unrestricted funds General £ 55 25,408 25,463 |
Restricted funds £ - 104,412 104,412 |
Total 2020 £ 55 129,820 129,875 |
Total 2019 £ - 119,246 |
|---|---|---|---|---|
| 119,246 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
4 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits 5 Expenditure on charitable activities Unrestricted funds Note General £ Office costs 14,109 Printing, postage, phone and stationery 3,517 Team expenses 115 Travelling and relocation 10,675 Insurance 595 Legal and other professional fees 2,008 Independent examination 1,380 Depreciation 2,333 Grant funding of activities 6 3,770 Staff costs 8 3,244 41,746 |
Unrestricted funds General £ 53 Restricted funds £ - - - - - - - - - 104,412 104,412 |
Total 2020 £ 53 Total 2020 £ 14,109 3,517 115 10,675 595 2,008 1,380 2,333 3,770 107,656 146,158 |
Total 2019 £ 86 |
|---|---|---|---|
| Total 2019 £ 8,191 2,925 1,123 3,103 584 2,052 1,110 - 500 85,218 |
|||
| 104,806 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
6 Grant-making
Analysis of grants
Grants to institutions 2020 2019 £ £ Grants 3,770 500
7 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Other staff costs |
2020 £ 107,448 208 107,656 |
2019 £ 85,010 208 |
|---|---|---|
| 85,218 |
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2020 | 2019 | |||
|---|---|---|---|---|
| No | No | |||
| Staff | 8 | 6 |
No employee received emoluments of more than £60,000 during the year.
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
9 Tangible fixed assets
| Furniture and equipment £ Computer equipment £ Cost At 1 January 2020 1,865 601 Additions 7,000 - At 31 December 2020 8,865 601 Depreciation At 1 January 2020 1,865 601 Revaluations 2,333 - At 31 December 2020 4,198 601 Net book value At 31 December 2020 4,667 - At 31 December 2019 - - 10 Debtors Due from group undertakings Other debtors 11 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals |
Computer equipment £ 601 - |
Fixtures and fittings £ 800 - 800 800 - 800 - - 2020 £ 10,720 1,800 12,520 2020 £ 487 50 2,541 3,078 |
Fixtures and fittings £ 800 - 800 800 - 800 - - 2020 £ 10,720 1,800 12,520 2020 £ 487 50 2,541 3,078 |
Total £ 3,266 7,000 10,266 3,266 2,333 5,599 4,667 - 2019 £ 10,720 1,800 |
|
|---|---|---|---|---|---|
| 601 | 800 | ||||
| 601 - |
800 - |
||||
| 601 | 800 | ||||
| - | - | ||||
| - | - | ||||
| 2020 £ 10,720 1,800 12,520 2020 £ 487 50 2,541 3,078 |
|||||
| 12,520 | |||||
| 2019 £ 541 - 2,541 |
|||||
| 3,082 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
12 Funds
| Unrestricted funds General General Funds Restricted funds Staff sponsorship Total funds Unrestricted funds General General Funds Restricted funds Staff sponsorship Total funds |
Balance at 1 January 2020 £ 85,337 - 85,337 Balance at 1 January 2019 £ 70,451 360 70,811 |
Incoming resources £ 25,516 104,412 129,928 Incoming resources £ 38,126 81,206 119,332 |
Resources expended £ (41,746) (104,412) (146,158) Resources expended £ (23,240) (81,566) (104,806) |
Balance at 31 December 2020 £ 69,107 - |
|---|---|---|---|---|
| 69,107 | ||||
| Balance at 31 December 2019 £ 85,337 - |
||||
| 85,337 |
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TEACHBEYOND
NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2020
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | ||
|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 4,667 67,518 (3,078) 69,107 Unrestricted funds General £ 88,419 (3,082) 85,337 |
Total funds at 31 December 2020 £ 4,667 67,518 (3,078) |
| 69,107 | ||
| Total funds at 31 December 2019 £ 88,419 (3,082) |
||
| 85,337 |
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