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
Page 1
## **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.
Page 2
## **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.
Page 3
## **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:
- Members will increasingly become effective models of a transformed life
- Learners will be excellent, holistic, Christocentric, & contextual for all
- Organizations will be relevant, resourceful, and effective
- 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.
Page 4
## **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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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; and
- 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:
1. accounting records were not kept in respect of TeachBeyond as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 6
## **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:
- 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
- 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.
Page 9
## **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.
Page 10
## **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|
Page 11
## **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|
Page 12
## **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.
Page 13
## **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|
Page 14
## **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|
Page 15
## **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|
Page 16