Registered number: 08922433 Charity number: 1156766 TEACHBEYOND (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TEACHBEYOND (A company limited by guarantee) CONTENTS Page Reference and admlnlstrative details of the Company, its Trustees and advlsers Trustses. report Independent examiner's report statement of financial activities Balance sheet Notes to the flnancial statements 8-16
TEACHBEYOND IA company limlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Mr Marcos Reis, Chair Dr Coleen Rachel Jackson, Vice Chair Mr Alan James Mcllhenny, Secretary Jenna Tatnall (resigned 26 March 2025) Mr Jim Kujawski, Treasurer (appointed 26 March 2025) Company registered number 08922433 Charity registered number 1156766 Registered office 2 Broadbridge Business Centre Delling Lane Chichester West Sussex P018 8NF Independent examiners Baldwin Scofield Accountancy LLP Chartered Accountants 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU Bankers HSBC plc 6 West Street Horsham West Sussex RH12 1PE Page 1
TEACHBEYOND (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the financial statements of the TeachBeyond for the year 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practi (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019}. Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities • Policies and objectives 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 furtheran of transformational educats'on. - Other charitsble purposes for the public benefit as the Trustees may from time to time determine. In setting objectives and planning for activities, the Trustees have given due consideration to general guidan published by the Charity Commission relating to public benefit, including the guidan 'Public benefit: running a charity (PB2)'. Strategies for achieving objectives and public benefrt We seek to advance both Christianity and learning through the provision of educats'onal services. We work with teachers. adult educators, schools and other educational providers for the benefit of children, adult leamers, 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 seNices, reSoUS and personnel TeachBeyond provides likewise benefit the schools, agencies and educational establishments with which we partner. • Main activities undertaken to further the Company's purposes for the public benefrt The principal activity of the company is to coordinate the strategic planning of worldwide operations between our various independent, but related national partner charities working in conjunction with schools and other educational settings in over 50 countries worldwide providing transformational education to children and to adults. We provide teaching and leaming services to all in order to promote holistic personal growth and enduring social benefit. The company will develop to become a resourcing global ntre of eXllen to enable our partnering charities to benefit from pooled knowledge and better access to funding SoUrs. Page 2
TEACHBEYOND (A company limited by guarantee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance Review of activities Our Global Office in the United Kingdom continued to be a key strategic partner in TeachBeyond's global growth. TeachBeyond Ltd continued the trajectory set out in our first post-COVID year (2022), resulting in our organization experiencing the fastest growth in our history. Here are just a few examples". An addits'onal 7,190 learners were impacted through education in 2024, a record increase for the second consecutive year. TeachBeyond had 300 new members join the mission. Our new missionaries from the United Kingdom, the United Ststes, and Canada represented a 100% increase over the previous year. Additionally, our membership growth from the rest of the organizats.on more than doubled. Work began on 21 new projects deepening and expanding the reach of Transformational Education. We are encouraged by the progress as we complete the final year of Embracing the Vision.. 2020-2025. An extended report will be available at the end of 2025, highlighting the outcomes of this five-year strategic plan. Financlal review • Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate reSoUrS to conb'nue in operational existence for the foreseeable future. For this reason, they continue to adopt the going conrn basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Reserves policy It is the intention to hold unrestricted reserves to cover three months operating costs. In the medium tem the Trustees will investigate other sources of funding for the company, including in particular from international projects which are increasingly capable of providing financial support. Financial review Income for the year was £189,016 (2023: £180,243) and expenditure £189,160 (2023: £183,573), resutting in a deficit of £144 (2023: deficit £3,330). Unrestricted funds carried forward amount to £21,997 (2023.. £22,141). Structure, governance and management Constltution TeachBeyond is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. • Methods of appointment or electlon of Trustees The management of the Company is the responsibility of the Trustees who are elected and co-opted under the tems of the Memorandum of Association. Page 3
TEACHBEYOND IA company Ilmltod by guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Plan8 lor futur• perfods As enter 2025, we are pursuing a new strategic plan. called Vision for the Nations 2040. The heart behind thi5 strategic plan is grounded in the reality that more than 250 million children still lack access to education each year. Last year. TeachBeyond received more Ihan 500 partnership requests To put that in perspective. Ihat is nearty twJ partnership request5 per day We recognize the urgency of our mission. as evident in the record grthyth we experienced in 2024. We plan to use our Global Office located in Horsham. UK. to facilitale a global prionty for Ihe organization by hosting a NatK•nal Director5, gathering in September. This time will be used to engage all levels of the organization in the rollout of Vision for the Nations: 2040. Statoment of TThstees' responsibilitses The Twstees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kwigdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requwes the Tnjslees to prepare financial statements for each financial year. Under company law. the Trustees must not approve the firnCIal statements unless they are sab'sfpd that they give a true and fair view of the slate of affairs of the Company and of its incoming resources arKI appli&ition of resources, including its income and expenditure. lor that period. In prepann9 these financial statements. the Trustees are reqUId to.. select sultablt a¢untIng policies and then apply them consistently; observe the ffffjthods and princyles of the Charits'es SORP (FRS 102)," make judgments and accountlng eslimates that are reasonable and prudent: state whether app1Kab UK Accounting Standards (FRS 102) have been folloNed. sut4ect to any material dyrtures di&) and explained in the financial statements; prepare the financi81 ststements on the going concern basis unless it is inappropriate to presume that the Conyny wlll olInUe in business. The Trustee3 are re8ponsble for keeping adequate accounling records that are sufficient to show and explain the Comp5 transaclions and disclose with reasonle accuracy at any time the financial posilion of Ihe Cthrpany and enable them to ensure that Ihe financial statements compty wth the Companies Act 20(. They arn al80 re8pDn8ble for 8afeguarding the a%8ets of the Company and hence for taking r&qsonable steps for the Pre11 and d8tection of ffaud arml other irregularities. Apwoved by order of the memlm of the board of Trustees on 29 Juty 2025 and svJned on Iheir behalf by: Dr Col••n Ra¢h Jack•on (Trustee) PJe 4
TEACHBEYOND (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the Trustees of TeachBeyond I'the Company,) I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responslblllties and basis of report As the Trustee5 of the Company (and its directors for the purposes of company lawl you are responsible for the preparab'on of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not reqUId to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts 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(5llb} 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: accounts'ng records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts gNe a 'true and fairf view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Ststement of Recommended practi for accounting and reporting by charities lapplicable 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 understsnding of the accounts to be reached. This report is made solely to the Companls Trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not a¢pt or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed: Dated.. 29 July 2025 Nicholas M Baldwin BA(Econ) FCA DChA Baldwin Scofield Accountancy LLP Chartered Accountants Page 5
TEACHBEYOND IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Restrlcted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities Investments 140.572 48,240 138 66 188,812 138 66 180, 194 49 Total income 140,572 48,444 189,016 180,243 Expendlture on: Charitable activities 140.572 48,588 189,160 183,573 Total expenditure 140,572 48,588 189,160 183,573 Net movement in funds {144 11441 (3,330) Reconciliation of funds: Total funds brought forward Net movement in funds 22,141 1144) 22,141 (144) 25,471 (3.330) Totsl funds carrled forward 21,997 21,997 22, 141 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 16 form part of these financial statements. Page 6
TEACHBEYOND (A company Ilmlted by gu•rantO0 REGISTERED NUMBER.. 08922433 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Noto Cufrent a88ets Debtors Cash at bank and in hand 11 16,912 6,585 16,912 7, 765 23,497 24,677 Current Ilabilitie8 Creditors: amounts falling due within one year 12 (1,500) (2, 536) Net current assets 21.997 22,141 Total net assets 21,997 22. 141 Charlty funds Restricted funds unsIrd funds 14 14 21997 r2.141 Total funds 21.997 22.147 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with sectitin 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and preparation of financial statements. The finartcial statements have been prepared in accofdance with the provisions applicable to entsties subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 29 July 2025 and signed on their behalf by: Dr Coleen Ra¢hel Jackson (TTUStee) The notes on pages 8 to 16 fonn part of these financial statements. Page 7
TEACHBEYOND (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General information 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. Accounting policies 2.1 Basis of preparation of flnanclal statements The financial statements have been prepared in accordan with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019>, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 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 ststed in the relevant accounting policy. 2.2 Income All income is recognised On 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 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 Balan sheet. Where income is reiVed in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is reived, the income is accwed. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefi't to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitsble activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is nomally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 8
TEACHBEYOND IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (continued) 2.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. ppayMents are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Liabllltles and provisions 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. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.8 Flnancial 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. 2.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 9
TEACHBEYOND (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Donations Grants 300 47,940 300 188,512 140,572 Total 2024 140,572 48,240 188,812 Restricted Unrgstricted funds funds 2023 2023 Total funds 2023 Donations Grants 928 45,641 928 179,266 133, 625 133, 625 46,569 t80,194 Income from charltable activities Unrestricted funds 2024 Total funds 2024 Total funds 2023 Income from charitable activities 138 138 Investment Income Unrestrfcted funds 2024 Total funds 2024 Interest received on bank deposits 66 Page 10
TEACHBEYOND (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment income Icontinued) Unrestricted funds 2023 Total funds 2023 Interest received on bank deposits 49 49 Anatysis of expenditure on charitable activities Summary by fund type Restricted Unrestrlctsd funds funds 2024 2024 Total 2024 Direct costs - Charitable Activits'es 140,572 48,588 189,160 Restricted Unrestricted funds funds 2023 2023 Total 2023 Direct costs - Charitable Activities 135, 746 47,827 183,573 Analysis of expenditure by activities Activities undertaken directly 2024 Total funds 2024 Direct costs - Charitable Activities 189.160 189,160 Page11
TEACHBEYOND (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Anatysis of expendlture by activities (continued) Activities undertaken directly 2023 Total funds 2023 Direct costs - Charitable Activities 183,573 183, 573 Analysis of direct costs Total funds 2024 Total funds 2023 Staff costs Office costs Insuran Telephone, printing and stationery Hospitality Other professional services Accountancy Bank charges Independent examination Sundry expenses 143,002 32,425 7,976 1,268 877 230 1,465 60 1,500 357 139, 125 38,987 693 1,046 486 470 1,231 65 1,470 189,160 183, 573 Independent examinerfs remuneration 2024 2023 Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts 1.500 1,470 Page 12
TEACHBEYOND IA company Ilmlted by guarantae) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Wages and salaries Social security costs 131,221 11,781 130,071 9,054 143,002 139, 125 The average number of persons employed by the Company during the year was as follows.. 2024 No. 2Q23 No. Average number of employees No employee received remunerab'on amounting to more than £60,000 in either year. 10. Trustees. remun&ration and expenses During the year, no Trustees reIVed any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL). 11. Debtors 2024 2023 Due within ono year Other debtors Prepayments and accrued income 7,500 9,412 9,412 16,912 16,912 Page13
TEACHBEYOND IA company limited by guarantea) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Creditors: Amounts falling due within one year 2024 2Q23 Other taxation and social security Accruals and deferred income 886 1,500 1,650 1,500 2,536 13. Financial instruments 2024 2023 Flnancial assets Financial assets measured at fair value through income and expenditure 6,585 7, 765 Financial assets measured at fair value through income and expenditure comprise bank balances. 14. Statement of funds Statement of funds - current year Balanco at 31 December 2024 Balance at I January 2024 Incomo Expenditure Unrestricted funds General Funds 22,141 48,444 (48,588 21,997 Restricted funds Staff sponsorships 140,572 (140,572) Total of funds 22,141 189,016 1189,1601 21,997 Page 14
TEACHBEYOND IA company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Statement of funds (continued) Statement of funds - prior year Balance at 31 December 2023 Balan at l January 2023 Income Expenditure Unrestricted funds General Funds 23,350 46,618 (47,827) 22,141 Restricted funds Staff sponsorships 2, 121 133, 625 (135, T46) Total of funds 25,471 180,243 (183, 573) 22,141 15. Summary of funds Summary of funds - current year Balance at 31 December 2024 Balance at 1 January 2024 Income Expendlture General funds Restricted funds 22,141 (48,588) (140,572) 21,997 140,572 22,141 189,016 1189,160) 21,997 Summary of funds - prior year Balance at 31 December 2023 Balance at l January 2023 Income Expenditure General funds Restricted funds 23,350 2,121 46,618 133, 625 (47,827) (135, 746) 22,141 25,471 180, 243 (183,5T3) 22,141 Page 15
TEACHBEYOND (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Current assets Creditors due within one year 23,497 (1,500) 23,497 {1,500) Total 21,997 21,997 Analysis of net assets between funds - prlor period Unrestricted funds 2Q23 Total funds 2023 Current assets Creditors due within one year 24,677 (2, 536) 24,677 (2,536) Total 22,141 22.141 Page 16