Docusign Envelope ID: 501533C5-AF16-4848-B4CB-5693BC6DB205
REGISTERED CHARITY NUMBER: 1161689
TEACHBEYOND UK CIO
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Docusign Envelope ID: 501533C5-AF16-4848-B4CB-5693BC6DB205
TEACHBEYOND UK CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 18 |
| Detailed Statement of Financial Activities | 19 |
Docusign Envelope ID: 501533C5-AF16-4848-B4CB-5693BC6DB205
TEACHBEYOND UK CIO
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
| Trustees | Dr C R Jackson |
|---|---|
| Dr A Mclhenny | |
| Rev A M Thomas | |
| Mr B Callan | |
| Mr I Frost (resigned 31/12/2023) | |
| Mr S Williams | |
| Ms F Binions (appointed 1/1/2023) | |
| Ms J M Weaver | |
| Principal address | 3-3-2 Storey House |
| White Cross Business Park | |
| LANCASTER | |
| LA1 4XQ | |
| Registered charity number | 1161689 |
| Independent examiner | Xeinadin |
| Dalton House | |
| 9 Dalton Square | |
| LANCASTER | |
| LA1 1WD | |
| Bankers | HSBC Bank plc |
| 35 Market Street | |
| Lancaster | |
| Lancashire | |
| LA1 1JQ | |
| Key staff | Mr M D Coe |
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Docusign Envelope ID: 501533C5-AF16-4848-B4CB-5693BC6DB205
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
TEACHBEYOND UK CIO
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).
The trustees have pleasure in submitting the Report and Accounts for the year ended 31st December 2021.
Objectives and activities Objectives and aims
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The advancement of Christianity and the furtherance of transformational education in the UK and abroad to children and adults through the provision of teaching and learning services to all to promote holistic personal growth and enduring social benefit.
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Such other purposes as are recognised by English law as charitable in planning the activities the Trustees have had regard to the guidance issued by the Charity Commission on 'Public Benefit'.
The mission of TeachBeyond UK is to prepare and send Christian teachers and other related (support) staff to educational opportunities across the world to enable those they serve to become all God intends them to be. The primary beneficiaries are those who receive services from the members (teachers and other professionals) who are part of TeachBeyond UK. Beneficiaries include children and teachers at Christian schools, colleges and language camps across the world. The general public, including most specifically parents and relatives, are beneficiaries through the impact TeachBeyond UK's services has on individuals, organisations and communities.
TeachBeyond UK is a part of TeachBeyond Global. Many schools and projects that ask for partnership with TeachBeyond Global have a range of needs. As well as needing more teachers and educational professionals they often require professional development for their staff and governing body or help with issues related to running a school. TeachBeyond UK members assist members from TeachBeyond in other countries to meet those needs.
TeachBeyond UK aspires to meet these needs through a recruitment strategy where we advertise these school and project needs through our website, social media and attending various conferences in the UK.
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TEACHBEYOND UK CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Achievement and performance TeachBeyond UK achievements
TeachBeyond UK is a small education mission charity that continues to grow the numbers of members that we send overseas.
During the year the number of members sending overseas increased and our income has gradually continue to grow (36 serving abroad, 31 in 2022). In 2023, TeachBeyond UK also had 9 overseas members attached to the UK office.
The trustees along with the National Director have continued to look at other spheres of work related to education with the intention of becoming a self-sufficient mission agency.
These include building partnerships with universities, colleges and schools. In addition, our Director has developed links with churches and other Christian Education or Mission Charities with a view to exploring links and partnerships. In determining our mission and action plan we began to explore our expansion to Ireland. This resulted in meeting with the Irish Mission Agencies Partnership to discuss first steps.
Outreach and recruitment
Our National Director has continued to spend much of the year promoting the charity to various organisations that can support our work through financial giving, enquiring, serving or prayer. For example, during 2023 the National Director visited 6 churches, 4 Christian organisations, 3 Christian colleges and along with the board chair, visited Ireland to promote TeachBeyond across Ireland.
Our recruitment continues to be drawn from mainly the UK, with additional members coming Europe and the rest of the world, that do not have national TeachBeyond entities in their country.
In 2023 we made every attempt to communicate our developments through newsletters, email updates and social media platforms which have increased our outreach.
An additional role of our National Director is that he supports the Global TeachBeyond organisation through providing leadership programmes overseas which also gives him the opportunity to promote TeachBeyond UK.
Fundraising activities
In 2023 our major fundraising event was the London Landmarks Half Marathon and the TeachBeyond Global Day of Giving.
During 2023 we applied for grants to support our unrestricted funds which is vital to support our office base. Our general donations were £81,581 as we progress towards becoming a self-supporting charity.
TeachBeyond North America (CANUSA) supports all TeachBeyond national entities by providing a grant towards the operating costs of the national office. The trustees, staff and members are very grateful for all the support we have been given by TeachBeyond CANUSA.
Further developments
Our work with Open Schools Worldwide is an important element of our work. Two of our trustees were previously linked with OSWW.
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TEACHBEYOND UK CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
Financial position
Results and appropriations - The financial results and state of affairs including reserve positions of the charity for the 12-month period ended 31st December 2023 are set out in the financial statements on the following pages. Our income for the 12 months ending 31st December 2023 was £576,104 (Restricted £471,566, Unrestricted £104,538) Expenditure for the same period was £554,866 (Restricted £450,660 and Unrestricted £104,206) This is a significant increase over last year, caused largely by an increased number of members serving overseas (12 up to 20) with a corresponding increase in the number of donors and the amount given for their support.
During the annual budget review in November, the trustees and national director set a budget for the coming year for the restricted and unrestricted income and expenditure. All designated funds are reviewed using historical data and a fresh perspective on the needs of the coming year.
Principal funding sources
2023 saw 20 members serving overseas, and donations to support these is our main ongoing funding source. In 2023 we received money from 473 individual donors, 37 churches and organisations and 6 trusts, a total of 516 donors. For comparison we had 434 donors in 2022 and 432 donors in 2021. The increase in the number of donors is driven by the increase in members serving overseas.
As reported above TeachBeyond UK continues to receive a grant from TeachBeyond CANUSA. This helps in covering the operational expenses of the charity. We continue to have regular communication with them to ensure a timely transfer of funds are made so that salaries and all other costs of running the organisation can be paid on their due dates.
During 2023 the charity received grants of £22,510 from various trusts which is slightly higher than the previous year. The trustees recognise that the charity needs to make continued efforts in fundraising activities. We have continued to receive income from our partnership with Christian TEFL for which we are grateful. This enables our UK members serving overseas to be able to teach English as a second language.
Having previously set up an EasyFundraising portal for TeachBeyond UK we continue to receive donations when supporters who have registered make purchases from selected internet suppliers.
All funds received support our objective to prepare and send Christian teachers and educational professionals across the world.
Investment policy and objectives
Currently, TeachBeyond UK does not have any investments. As we develop as a mission organisation, the trustees will review its policy on investments.
Reserves policy
The trustees' policy of keeping one month's restricted funds as a reserve continues to be adhered to. So that the charity can continue to operate should income and/or expenditure vary unexpectedly. The trustees have determined that the charity should hold a reserve of unrestricted funds equal to no less than two month's unrestricted expenditure, which would equate to £16,270. At the year end the charity held £19,991 in free reserve which makes us compliant with our reserves policy. For comparison, the figure in 2022 was £19,659.
Significant events that have affected financial performance and financial position during that period.
2023 signals the coming to the end of several grants that we receive. The trustees and national director will look within 2024 to make further grant applications.
Independent examiners
Xeinadin were appointed as independent examiners of the accounts.
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TEACHBEYOND UK CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Future plans
Our plans for the coming year are:
-
To firm up our work in Ireland by appointing someone who will act as Deputy Director with the sole responsibility for developing our presence and recruiting new members to send overseas.
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To register with the Irish Mission Agencies Partnership (IMAP) in Ireland to support the work we are developing in Ireland.
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To work alongside TeachBeyond Global Services to review our Vision and Mission Statement
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Appoint at least one other board member with a financial background.
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To consolidate our partnership with one or two other Christian Organisations who can support our work.
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Further increase our members, donors, grant applications and revenue streams.
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Develop and implement a strategic plan for unrestricted income.
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Continue to increase our profile as the sending mission of choice for educational projects worldwide alongside developing other income generating activities to support our work.
Structure, governance and management
TeachBeyond UK Charity Governance
The charity is controlled by its governing document and a deed of trust.
The charity is a charitable incorporated organisation, registered with the Charity Commission on 15 May 2015.
Recruitment and appointment of new trustees
Trustees
Our strategic direction and strategic decisions relating to the charity are made by the trustees and remain consistent with our policies and in consultation with the UK National Director. The operational running of the charity is delegated to the UK National Director and his staff. The powers of appointment or removal of trustees rests with the trustees. During the coming year we will continue to seek new trustees who are able to support our strategic objectives. New trustees are selected from nomination by individual trustees and are wholeheartedly involved in seeing the mission of the charity fulfilled. During 2024 we will continue to seek trustees who are able to support our work in Northern Ireland and work with Christian Schools and Colleges.
There is a minimum of three and a maximum of twelve trustees. The President of TeachBeyond Global and the Vice President for TeachBeyond Europe are ex-officio members in line with our current constitution.
Organisational structure
The TeachBeyond UK board relates to TeachBeyond Global through its signing of Inter Organisational Agreement (IOA) that defines the relationship between the two bodies. In compliance with TeachBeyond Global, TeachBeyond UK is developing its board manual which goes alongside the TeachBeyond UK administrative manual. These two documents cover the operational procedures for our work in the UK.
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TEACHBEYOND UK CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management
TeachBeyond UK Trustees and staff
At our last Board meeting in 2023 we agreed to increase the role of Matt Coe, our National Director to 4 days a week as from January 2024.
During 2023, the various staff changes occurred:
Francis Kates, Finance Director retired (1st October) and Grace Yang was appointed (9th October). Angela Russell resigned (24th February) and Chris Porter was appointed (1st May) Michael Johnson, Communications Lead, ended service on 31st December.
In line with other small mission organisations, our staff are part time which is a blessing but also presents some challenges. The trustees acknowledge the work of all our staff.
Our current staff are as follows:
-
Matt Coe (MC) - National Director
-
Liz Hosker (LH) - People Services Lead
-
Chris Porter (CP) - Mobiliser
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Grace Yang (GY) - Finance Lead
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Leah Ward (LW) - Donations
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Avinash Kessop (AK) - Advancement Lead (volunteer)
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Jennifer Rymer (JR) - Human resources (volunteer)
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Keane Fine (KF) - Communications (TeachBeyond Global)
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Vivienne Robinson (VR) - Church relations (volunteer)
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
During the reporting period the UK Director made various assessments and reported to the board. There were no risks that needed to be followed up.
Some of our members work in restricted countries and everything is done to protect their anonymity. Where members find themselves in danger procedures are put in place to remove them as soon is feasible.
During 2023 TeachBeyond UK signed the National Entities Agreement with our Global Office, and we continue to work through the UK Policy and Board manuals so they comply with TeachBeyond Global policies and practices and where appropriate modified for the UK.
Further information on the Governance of TeachBeyond UK
The board is chaired by Dr Coleen Jackson and supported by the TeachBeyond UK Office. Dr Jackson and Dr A McIlhenny are members of the Global Board. Dr Jackson is also Vice Chair of the Global Board.
During 2023 we had one trustee whose resigned Mr Ian Frost and we thank him for what he was able to contribute. At the end of the year, we were able to appoint Florence Binions who resides in Ireland and has an education background.
We have two sub committees working on Partnerships and Ireland.
10/25/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Dr C R Jackson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEACHBEYOND UK CIO
Independent examiner's report to the trustees of TeachBeyond UK CIO
I report to the charity trustees on my examination of the accounts of TeachBeyond UK CIO (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
T M Preece FCCA
Xeinadin Dalton House 9 Dalton Square LANCASTER LA1 1WD
Date: .............................................
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TEACHBEYOND UK CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted funds Notes £ Income and endowments from Donations and legacies 2 102,664 Investment income 3 1,874 Total 104,538 Expenditure on Charitable activities 4 TeachBeyond 103,080 Other 1,126 Total 104,206 NET INCOME/(EXPENDITURE) 332 Reconciliation of funds Total funds brought forward 19,659 Total funds carried forward 19,991 |
Restricted fund £ 471,566 - 471,566 451,786 (1,126) 450,660 20,906 148,066 168,972 |
2023 Total funds £ 574,230 1,874 576,104 554,866 - 554,866 21,238 167,725 188,963 |
2022 Total funds £ 491,287 850 492,137 512,980 - 512,980 (20,843) 188,568 167,725 |
|---|---|---|---|
The notes form part of these financial statements
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TEACHBEYOND UK CIO
BALANCE SHEET 31 DECEMBER 2023
| Unrestricted funds Notes £ Current assets Debtors 11 1,334 Cash at bank and in hand 21,013 22,347 Creditors Amounts falling due within one year 12 (2,356) Net current assets 19,991 Total assets less current liabilities 19,991 NET ASSETS 19,991 Funds 14 Unrestricted funds Restricted funds Total funds |
Restricted fund £ 13,867 159,609 173,476 (4,504) 168,972 168,972 168,972 |
2023 Total funds £ 15,201 180,622 195,823 (6,860) 188,963 188,963 188,963 19,991 168,972 188,963 |
2022 Total funds £ 32,306 136,699 169,005 (1,280) 167,725 167,725 167,725 19,659 148,066 167,725 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10/25/2024 ............................................. and were signed on its behalf by:
............................................. Dr C R Jackson - Trustee
The notes form part of these financial statements
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TEACHBEYOND UK CIO
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2023 £ 42,049 42,049 1,874 1,874 43,923 136,699 180,622 |
2022 £ (34,619) (34,619) 850 850 (33,769) 170,468 136,699 |
|---|---|---|
The notes form part of these financial statements
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TEACHBEYOND UK CIO
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
1. Reconciliation of net income/(expenditure) to net cash flow from operating activities
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Decrease/(increase) in debtors Increase in creditors Net cash provided by/(used in) operations |
2023 £ 21,238 (1,874) 17,105 5,580 42,049 |
2022 £ (20,843) (850) (12,966) 40 |
|---|---|---|
| (34,619) |
2. Analysis of changes in net funds
| At 1/1/23 | Cash flow | At 31/12/23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 136,699 | 43,923 | 180,622 |
| 136,699 | 43,923 | 180,622 | |
| Total | 136,699 | 43,923 | 180,622 |
The notes form part of these financial statements
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TEACHBEYOND UK CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The charity receives government grants in respect of Coronavirus Job Retention Scheme. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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TEACHBEYOND UK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 2. Donations and legacies General donations Donations from trusts Gift aid Fundraising activities 3. Investment income Deposit account interest Other interest receivable 4. Charitable activities costs TeachBeyond 5. Direct costs of charitable activities Staff costs Insurance Overseas team expenses Other team expenses Attending christian events |
Direct Costs (see note 5) £ 397,372 |
Grant funding of activities (see note 6) £ 136,408 |
2023 £ 511,598 22,510 37,508 2,614 574,230 2023 £ 1,874 - 1,874 Support costs (see note 7) £ 21,086 2023 £ 324,468 6,489 54,953 5,320 6,142 397,372 |
2022 £ 425,064 20,000 42,426 3,797 |
|---|---|---|---|---|
| 491,287 | ||||
| 2022 £ 623 227 850 Totals £ 554,866 |
||||
| 2022 £ 271,926 5,485 34,208 10,652 - |
||||
| 322,271 |
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TEACHBEYOND UK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 6. Grants payable 2023 £ TeachBeyond 136,408 The total grants paid to institutions during the year was as follows: 2023 £ Other TeachBeyond organisations operating overseas 63,908 7. Support costs Governance Management costs £ £ TeachBeyond 18,075 3,011 Support costs, included in the above, are as follows: Management 2023 TeachBeyond £ Insurance 985 Printing, postage and stationery 952 Other costs 2,404 Office costs 11,573 Fundraising costs 459 Subscriptions 1,702 18,075 Governance costs 2023 TeachBeyond £ Independent examination 3,011 |
2022 £ 169,503 |
2022 £ 169,503 |
|---|---|---|
| 2022 £ 120,186 |
||
| Totals £ 21,086 2022 Total activities £ 707 1,383 6,125 8,169 1,003 1,630 19,017 2022 Total activities £ 2,189 |
Totals £ 21,086 |
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TEACHBEYOND UK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
The trustees incurred total expenses of £1,271 (2022- £541) relating to travel, accommodation and subsistence in the year.
9. Staff costs
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Charitable activities No employees received emoluments in excess of £60,000. Comparatives for the statement of financial activities Unrestricted funds £ Income and endowments from Donations and legacies 92,952 Investment income 850 Total 93,802 Expenditure on Charitable activities TeachBeyond 97,708 NET INCOME/(EXPENDITURE) (3,906) Reconciliation of funds Total funds brought forward 23,565 Total funds carried forward 19,659 |
2023 £ 304,562 15,654 4,252 324,468 2023 22 Restricted fund £ 398,335 - 398,335 415,272 (16,937) 165,003 148,066 |
2022 £ 256,865 11,549 3,512 271,926 2022 18 Total funds £ 491,287 850 492,137 512,980 (20,843) 188,568 167,725 |
||
|---|---|---|---|---|
10. Comparatives for the statement of financial activities
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TEACHBEYOND UK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
11. Debtors: amounts falling due within one year
| Other debtors Prepayments 12. Creditors: amounts falling due within one year Taxation and social security Other creditors 13. Leasing agreements Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year |
2023 £ 14,426 775 15,201 2023 £ 4,641 2,219 6,860 2023 £ 4,323 |
2022 £ 25,682 6,624 |
2022 £ 25,682 6,624 |
|---|---|---|---|
| 32,306 | |||
| 2022 £ - 1,280 |
|||
| 1,280 | |||
| 2022 £ 4,323 |
The charity has an operating lease for its office. The date of the next break clause is 31 August 2024 and the minimum amount payable until that date is £4,323.
During the year the charity was charged £6,485 (2022 - £5,543) for its operating lease.
14. Movement in funds
| Unrestricted funds General fund Restricted funds Education fund TOTAL FUNDS |
At 1/1/23 £ 19,659 148,066 167,725 |
Net movement in funds £ 332 20,906 21,238 |
At 31/12/23 £ 19,991 168,972 |
|---|---|---|---|
| 188,963 |
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TEACHBEYOND UK CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 104,538 Restricted funds Education fund 471,566 TOTAL FUNDS 576,104 Comparatives for movement in funds At 1/1/22 £ Unrestricted funds General fund 23,565 Restricted funds Education fund 165,003 TOTAL FUNDS 188,568 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 93,802 Restricted funds Education fund 398,335 TOTAL FUNDS 492,137 |
Resources Movement expended in funds £ £ (104,206) 332 (450,660) 20,906 (554,866) 21,238 Net movement At in funds 31/12/22 £ £ (3,906) 19,659 (16,937) 148,066 (20,843) 167,725 Resources Movement expended in funds £ £ (97,708) (3,906) (415,272) (16,937) (512,980) (20,843) |
|---|---|
The Education Fund was created from grants and donations received to support the work done in the area of education by individuals named by donors and a variety of other projects that promote education,
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
15. Employee benefit obligations
During the year employer's pension contributions totalling £4,252 (2022 - £3,512) were payable to defined contribution pension schemes. Contributions totalling £804 (2022 - £nil) were payable to the scheme at the end of the year and are included in other creditors.
16. Related party disclosures
During the year the charity received donations totalling £3,573 (2022 - £30,002) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
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TEACHBEYOND UK CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Income and endowments Donations and legacies General donations Donations from trusts Gift aid Fundraising activities Investment income Deposit account interest Other interest receivable Total incoming resources Expenditure Charitable activities Wages Social security Pensions Insurance Overseas team expenses Other team expenses Attending christian events Grants to institutions Grants to individuals Support costs Management Insurance Printing, postage and stationery Other costs Office costs Fundraising costs Subscriptions Governance costs Independent examination Total resources expended Net income/(expenditure) |
2023 £ 511,598 22,510 37,508 2,614 574,230 1,874 - 1,874 576,104 304,562 15,654 4,252 6,489 54,953 5,320 6,142 63,908 72,500 533,780 985 952 2,404 11,573 459 1,702 18,075 3,011 554,866 21,238 |
2022 £ 425,064 20,000 42,426 3,797 491,287 623 227 850 492,137 256,865 11,549 3,512 5,485 34,208 10,652 - 120,186 49,317 491,774 707 1,383 6,125 8,169 1,003 1,630 19,017 2,189 512,980 (20,843) |
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This page does not form part of the statutory financial statements
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