Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
**Charity registration number 1161689 (England and Wales)**
## **TEACHBEYOND UK CIO**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Rev A M Thomas|
|---|---|
||Revd Dr C R Jackson|
||Dr A Mclhenny|
||Mr B Callan|
||Mr S Williams|
||Ms F Binions|
||Ms J M Weaver|
|**Key staff**|Mr M D Coe|
|**Charity number (England and Wales)**|1161689|
|**Principal address**|3-3-2 Storey House|
||White Cross Business Park|
||Lancaster|
||Lancashire|
||England|
||LA1 4XQ|
|**Independent examiner**|Xeinadin|
||Dalton House|
||9 Dalton Square|
||LANCASTER|
||LA1 1WD|
|**Bankers**|HSBC Bank Plc|
||35 Market Street|
||Lancaster|
||LA1 1JQ|
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7 - 8|
|Balance sheet|9|
|Statement of cash flows|10|
|Notes to the financial statements|11 - 19|
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
## **Objectives and activities**
TeachBeyond UK exists to advance Christianity and promote transformational education in the UK and abroad. The charity provides teaching and learning services that promote holistic personal growth and enduring social benefit. _Vision_
Individuals will discover and experience their identity in Christ to live the life God intends.
## _Mission_
TeachBeyond United Kingdom is part of a global community offering transformational education services to encourage, equip, and enable individuals to impact their communities for Christ.
We prepare and send Christian teachers and related staff to educational opportunities around the world, enabling those they serve to become all God intends them to be.
## _Beneficiaries_
Our primary beneficiaries are the individuals and communities who receive services from our members. These include children, teachers, and staff at Christian schools, educational projects, colleges, and language camps globally.
Indirect beneficiaries include parents, relatives, and communities who experience the positive impact of TeachBeyond UK’s work.
TeachBeyond UK also collaborates with TeachBeyond Global Ltd, supporting partner schools worldwide in areas such as staff development, governance, and operational sustainability.
## _Public benefit_
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## _Volunteers_
In 2024, the role of Matt Coe, National Director, was expanded to four days per week to support programme growth in the UK.
Other staff and volunteers include:
- Liz Hosker People Services Lead
- · Chris Porter Mobiliser (left December 2024) · Grace Yang Finance Lead (left December 2024) · Hazel Preece Finance Lead (joined December 2024) · Leah Ward Donations · Avinash Kessop Advancement Lead (Volunteer) · Jennifer Rymer Human Resources (Volunteer) · Katy Myers Communications Lead (Volunteer)
TeachBeyond UK remains reliant on the invaluable support of volunteers and expresses gratitude to all staff and trustees for their continued commitment.
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Achievements and performance**
## _Significant activities and achievements against objectives_
TeachBeyond UK continues to grow as a small but dynamic mission charity.
- Membership Growth: We increased the number of members sent overseas for mission work in 2024. As of December 2024, there are 27 members serving in the UK or overseas. The UK office also oversees, but with no legal representation, members of TeachBeyond globally who do not have a sending office in their country. The number of these members totals 21.
- Diversified Income: The organisation expanded income-generation activities to support long-term sustainability.
- Strategic Development: We continued exploratory work to establish TeachBeyond’s presence in Ireland, deepening relationships with churches, mission organisations, and Christian educational organisations.
- Governance Renewal: The board began recruitment for a trustee with financial expertise and sought Charity Commission guidance to extend Dr Coleen Jackson’s term as Chair during this transitional period.
## _Outreach and recruitment_
To support our outreach strategy:
- The Chair and National Director met with Ireland Mission Agency Partnership (IMAP) to explore opportunities for collaboration as we consider establishing a presence in Ireland.
- The National Director promoted the charity among potential donors, partners, and prayer supporters.
- Through his participation on the TeachBeyond Global Cabinet, the National Director contributed to leadership initiatives and represented TeachBeyond UK internationally, enhancing our profile within the global network.
## _Fundraising practices_
In 2024, TeachBeyond UK hosted two major fundraising events:
1. Walk Across the Bay – raised £8,108
2. Day of Giving (part of the Global Day of Giving) – raised £1,656.
Total fundraising income for 2024 was £9764 _**,**_ with expenditure of £1884, resulting in a surplus of £7880.
Grant applications were submitted to strengthen unrestricted funds, essential for maintaining our UK office base.
General donations totalled £104,455. This is totalled from the general donations from monthly and one-off donors and interest from our saving account.
TeachBeyond North America (CANUSA) provided valuable financial support to national entities worldwide, including TeachBeyond UK. We are deeply grateful for this continued partnership.
Additionally, our collaboration with Open Schools Worldwide (OSWW) remains integral to our mission, supported by the experience of trustees previously connected with OSWW.
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Financial review**
## _Financial Position_
Results and appropriations – The financial results of affairs including reserve positions of the charity for the 12month period ending 31[st] December 2024 are set out in the financial statements of the following pages.
Our income for the 12 months ending 31[st] December 2024 was £605,278 Restricted £500,823, Unrestricted £104,455). Expenditure for the same period was £602,490 (Restricted £498,810, Unrestricted £105,680).
The increase in the restricted giving has been a result of the more members joining and being sent overseas by TeachBeyond and the donors/supporters who help them financially to do so.
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 renewed perspectives of the potential opportunities and needs for the following year.
## _Principal Funding Sources_
2024 saw 27 members serving either in the UK or overseas, and donations to support these continues to be our main source of funding. In 2024 we received money from 425 individual donors, 34 churches and organisations and 1 trust, a total of 460 donors.
As reported above, TeachBeyond UK continues to receive a grant from TeachBeyond Canada & USA (CANUSA). This helps our operational costs of the charity. We continue to have regular communication with them to ensure and enable that salaries and other operational costs can be paid in a paid on or before their due dates.
During 2024, the charity received a grant of £5000 from one trust. This was an anticipated reduction due to the grants received up to the end of 2023 were not carried on in 2024. The National Director with the assistance of the trustees are anticipating new grant applications in 2025.
We receive funds from donors through a variety of platforms that help ensure that donations are received either for members or general funds.
In the later stages of 2024, it was determined that we were to move from the current accounting and donations platforms to a new online software system, Xero. As a result of this, the charity sought an organisation to help implement this with support required. The full implementation of the software would go live in January 2025.
All funds received support our objectives to prepare and send Christian teachers and education professionals across the world.
## _Reserves policy_
The trustees policy of keeping one month’s restricted funds continues to be adhered to. This is in place 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 equal to £17,500 At the year end, the charity held in free reserves which makes us compliant with our reserves policy.
2024 was a year in which the grants received from several foundations came to an end. This meant that there needed to be a review of other trusts or foundations that could be sought and applications made.
## _Investment policy_
Currently, TeachBeyond UK does not have any investments. As we develop as a mission organisation, the trustees will review its policy on investments.
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## _Major risks_
Trustees recognise their duty to identify and manage risks affecting the charity. The National Director provides regular assessments and reports to the Board. No material risks required follow-up during the reporting period.
Given that some members serve in restricted-access countries, confidentiality and security protocols are strictly enforced. Contingency plans are in place for rapid evacuation if necessary.
TeachBeyond UK continues to review and align its policies and board manuals with TeachBeyond Global standards, adapting them appropriately for UK governance.
## **Plans for future periods**
Our plans for the coming year are:
1. Appoint an Associate National Director to lead development in Ireland, including recruitment and partnership building.
3. Establish TeachBeyond UK & Ireland as a unified national entity, completing registration requirements in both countries.
4. Recruit new trustees and identify a successor Chair for appointment in 2026.
5. Expand membership, donors, and grant income through diversified revenue streams.
6. Review and upgrade financial systems and software.
7. Strengthen TeachBeyond UK’s reputation as a mission of choice for global educational projects.
8. Develop and pilot a Partnership Programme with Christian schools, paving the way for formal collaboration with TeachBeyond UK.
## **Structure, governance and management**
The organisation operates under the governance of a Board of Trustees, chaired by Revd Dr Coleen Jackson, supported by Megan Randolph, Company Secretary.
Dr Jackson and Dr McIlhenny also serve on the TeachBeyond Global Board, where Dr Jackson is Vice Chair.
Two subcommittees oversee specific areas:
- Partnerships Committee
- Ireland Committee
The Trustees who served during the year and up to the date of signature of the financial statements were: Rev A M Thomas
Revd Dr C R Jackson Dr A Mclhenny Mr B Callan Mr S Williams Ms F Binions Ms J M Weaver
## _Recruitment and appointment of 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 2025 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
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## _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.
The Trustees' report was approved by the Board of Trustees.
.............................. Revd Dr C R Jackson **Trustee**
10/29/2025 Date: .............................................
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEACHBEYOND UK CIO**
I report to the Trustees on my examination of the financial statements of TeachBeyond UK CIO (the charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 and the Charities Act (Northern Ireland) 2008. You are satisfied that the financial statements of the charity are not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity’s financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 and section 145 of the Charities Act 2011. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008 and the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011 and section 65 of the Charities Act (Northern Ireland) 2008. I 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.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 63 of the Charities Act 2008 and section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of the Charities Act (Northern Ireland) 2008 and the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
T M Preece FCCA
## **Xeinadin**
Dalton House 9 Dalton Square LANCASTER LA1 1WD Date: ............................ 10/29/2025
- 6 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
94,895
500,823
Other trading activities
**4**
7,259
-
Investments
**5**
2,303
-
**Total income**
104,457
500,823
**Expenditure on:**
Raising funds
**6**
1,884
-
Charitable activities
**7**
103,797
498,810
**Total expenditure**
105,681
498,810
**Net income/(expenditure) and movement in funds**
(1,224)
2,013
**Net income/(expenditure) and movement in funds**
(1,224)
2,013
**Reconciliation of funds:**
Fund balances at 1 January 2024
19,990
168,972
**Fund balances at 31 December 2024**
18,766
170,985|**Total**
**2024**
**£**
595,718
7,259
2,303
605,280
1,884
602,607
604,491
789
789
188,962
189,751|**Total**
**2023**
**£**
571,612
2,614
1,874|
|---|---|---|
|||576,100|
|||-
554,864|
|||554,864|
|||21,236
21,236
167,726|
|||188,962|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 7 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Prior financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
100,047
471,565
Other trading activities
**4**
2,614
-
Investments
**5**
1,874
-
**Total income**
104,535
471,565
**Expenditure on:**
Charitable activities
**7**
103,078
451,786
Other expenditure
1,126
(1,126)
**Total expenditure**
104,204
450,660
**Net income and movement in funds**
331
20,905
**Reconciliation of funds:**
Fund balances at 1 January 2023
19,660
148,066
**Fund balances at 31 December 2023**
19,991
168,971|**Total**
**2023**
**£**
571,612
2,614
1,874|
|---|---|
||576,100|
||554,864
-|
||554,864|
||21,236
167,726|
||188,962|
- 8 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**2024**
**Notes**
**£**
**Current assets**
Debtors
**14**
24,114
Cash at bank and in hand
176,368
200,482
**Creditors: amounts falling due within**
**one year**
**15**
(10,731)
**Net current assets**
**The funds of the charity**
Restricted income funds
**17**
Unrestricted funds
**18**
The financial statements were approved by the Trustees on .........................
..............................
Revd Dr C R Jackson
**Trustee**
10/29/2025|**£**
189,751
170,985
18,766
189,751|**2023**
**£**
15,199
180,623
195,822
(6,860)|**£**
188,962|
|---|---|---|---|
||||168,971
19,991|
||||188,962|
|||||
- 9 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**22**
**Investing activities**
Investment income received
**Net cash generated from investing activities**
**Net cash generated from financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
2,303|**£**
(6,558)
2,303
-
(4,255)
180,623
176,368|**2023**
**£**
1,874|**£**
42,049
1,874
-|
|---|---|---|---|---|
|||||43,923
136,700|
|||||180,623|
- 10 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
TeachBeyond UK CIO is a Charitable Incorporated Organisation in England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 attributable 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 between 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 are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.8 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|94,895|500,823|595,718|100,047|471,565|571,612|
## **4 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Fundraising events|7,259|2,614|
- **5 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Interest receivable|2,303|1,874|
- 13 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **6 Expenditure on raising funds**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Fundraising and publicity**|||
||Fundraising events|1,884|-|
|**7**|**Expenditure on charitable activities**|||
|||**TeachBeyond**|**TeachBeyond**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|386,057|324,468|
||Insurance|6,607|6,489|
||Overseas team expenses|61,414|54,952|
||Other team expenses|7,937|5,320|
||Attending christian events|1,468|6,142|
|||463,483|397,371|
||Grant funding of activities (see note 8)|114,664|136,408|
||**Share of support and governance costs (see note 9)**|||
||Support|17,484|18,074|
||Governance|6,976|3,011|
|||602,607|554,864|
||**Analysis by fund**|||
||Unrestricted funds|103,797|103,078|
||Restricted funds - general|498,810|451,786|
|||602,607|554,864|
|**8**|**Grants payable**|||
|||**TeachBeyond**|**TeachBeyond**|
|||**2024**|**2023**|
|||**£**|**£**|
||Grants to institutions:|||
||Other TeachBeyond organsiations operating overseas|48,913|63,908|
||Grants to individuals|65,751|72,500|
-
- 14 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**9**
**Support costs allocated to activities**
Insurance
Printing, postage and stationery
Other costs
Office costs
Fundraising costs
Subscriptions
Governance costs
**Analysed between:**
TeachBeyond
**10**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
- for other assurance services
- for tax advisory services|**2024**
**£**
825
680
2,491
10,531
360
2,597
6,976
24,460
24,460
**2024**
**£**
3,448
1,290
2,238|**2023**
**£**
985
952
2,403
11,573
459
1,702
3,011|
|---|---|---|
|||21,085|
|||21,085|
|||**2023**
**£**
2,273
-
738|
## **11 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration during the year, but a total of £792 (2023 - £1,271) was reimbursed in respect of travel, accommodation and subsistence in the year.
## **12 Employees**
The average monthly number of employees during the year was:
|Charitable activities
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
23
**2024**
**£**
359,069
21,637
5,351
386,057|**2023**
**Number**
22|
|---|---|---|
|||**2023**
**£**
304,562
15,654
4,252|
|||324,468|
- 15 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **12 Employees**
## **(Continued)**
There were no employees whose annual remuneration was more than £60,000.
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Debtors**
|**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2024**
**£**
14,794
9,320
24,114|**2023**
**£**
14,426
773|
|---|---|---|
|||15,199|
## **15 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
6,383
2,933
1,415
10,731|**2023**
**£**
4,641
874
1,345|
|---|---|---|
|||6,860|
## **16 Retirement benefit schemes**
## **Defined contribution schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year employer's pension contributions totalling £5,351 (2023 - £4,252) were payable to defined contribution pension schemes. Contributions totalling £2,143 (2023 - £804) were payable to the scheme at the end of the year and are included in other creditors.
## **17 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1**|**January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|---|---|
||||**2024**|**resources**|**expended**|**December**|
|||||||**2024**|
||||**£**|**£**|**£**|**£**|
|Education fund|||168,972|500,823|(498,810)|170,985|
- 16 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**17**|**Restricted funds**||||**(Continued)**|
|---|---|---|---|---|---|
||**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
|||**2023**|**resources**|**expended**|**December**|
||||||**2023**|
|||**£**|**£**|**£**|**£**|
||Education fund|148,066|471,565|(450,660)|168,971|
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.
## **18 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**December**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|General funds|19,990|104,457|(105,681)|18,766|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2023**|**resources**|**expended**|**December**|
|||||**2023**|
||**£**|**£**|**£**|**£**|
|General funds|19,660|104,535|(104,204)|19,991|
|**_Warning: Balance c/f from prior period does not equal balance_**||**_b/f in current_**|**_period_**|19,990|
## **19 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Current assets/(liabilities)
18,766
170,985
18,766
170,985|**Total**
**2024**
**£**
189,751|
|---|---|
||189,751|
- 17 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**19**|**Analysis of net assets between funds**|||**(Continued)**|
|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2023**|**2023**|**2023**|
|||**£**|**£**|**£**|
||**At 31 December 2023:**||||
||Current assets/(liabilities)|19,991|168,971|188,962|
|||19,991|168,971|188,962|
## **20 Operating lease commitments**
## **Lessee**
The charity has an operating lease for its office. The date of the next break clause is August.
During the year the charity was charged £5,945 (2023 - £6,485) for its operating lease.
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Within one year|4,323|-|
## **21 Related party transactions**
## **Transactions with related parties**
During the year the charity received donations totalling £4,523 (2023 - £3,573) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
|**22**
**Cash (absorbed by)/generated from operations**
Surplus for the year
**Adjustments for:**
Investment income recognised in statement of financial activities
**Movements in working capital:**
(Increase)/decrease in debtors
Increase in creditors
**Cash (absorbed by)/generated from operations**|**2024**
**£**
789
(2,303)
(8,915)
3,871
(6,558)|**2023**
**£**
21,236
(1,874
17,107
5,580|
|---|---|---|
|||42,049|
- 18 -
Docusign Envelope ID: 3B74B7B1-F54B-4EB5-B748-BCDA157777A3
## **TEACHBEYOND UK CIO**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **23 Analysis of changes in net funds**
The charity had no material debt during the year.
- 19 -