## **Kerygma 180** ## **Financial Statements** **For the year ended 31 December 2020** |**Contents**|Page| |---|---| |Legal and administration information|3| |Trustees’ Report|4 - 5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Account|8 - 14| |Independent Examiner’s Report|15 - 17| 2 ## **Legal & Administrative Information** Trustees / Directors Rev Timothy Manson Andrew Dewick Jeremy Taylor Company Secretary Rev Martin Durham Charity Number 1123294 Company Number 06481900 Registered Office 229 Boston Manor Road Brentford Middlesex TW8 9LF 3 ## **Trustees’ Report** As it was for everyone, Kerygma180 (K180) faced new challenges in 2020. However, the pandemic enabled us to explore new opportunities within our call and vision. Whilst our websites will give a good overview of ministry endeavours, here is a snapshot of key ministry developments. ## **History Makers** By way of brief background, the History Makers (HM) initiative seeks to equip young leaders (1835) for strong, biblical, missional leadership in the 21st century. Designed to run in partnership with local churches, it has been very encouraging to see how God is using this tool to equip young leaders across Europe, as participants spend a week together exploring eight biblical core values for leadership. In essence, our goal is to equip leaders and spread the gospel. So HM is aimed at those relatively early in their call to leadership or those who have potential for leadership. This is leadership in any capacity - in church, youth work, para-church ministry, workplace etc. We keep numbers relatively small (around 20-30 per session) so as to hopefully maximise impact. We had an encouraging start to 2020 with two strategic in-person training events and then all plans needed to be re-evaluated as COVID-19 hit. We are pleased to say that our team, including our many volunteers, adapted well and we soon had HM training online. The format was usually different (i.e. spread over a number of weeks instead of a week’s retreat) but the enthusiasm was not dampened. Indeed, being online, geographical boundaries melted away and our participants included many from outside of Europe. We finished 2020 with training completed in 19 European countries and a verified 378 leaders trained. We came to the end of 2020 with 23 country teams in place. Multiplication of training was starting to happen in other parts of the world, including Africa and in Haiti. Keeping our focus on Europe, K180 did not oversee these. These events were run by local leaders who had experienced our online training. Please see www.historymakerseurope.org for more information. ## **Equipping evangelists** We believe that a key strategy for Gospel impact in Europe is the equipping of ‘emerging’ evangelists, in other words, those early in their call to proclaim the Gospel. Alongside ongoing trainee opportunities in London, K180 leads specific training for those called as evangelists. This training consists of a two-year modular course designed to train and equip evangelists emerging (i.e. early in their call) into a ministry of proclamation evangelism. The course consists of a core of four separate residential long weekends of training together with additional days, mentoring and opportunities to participate in major evangelistic initiatives. This training started in the UK and now features in 5 other European countries. 4 The work continues in Germany, Iceland, Italy, Russia, Spain and the UK. Again, the pandemic caused us to re-think our approach and several countries successfully switched to online training. We also held two one-off events where globally recognised speakers brought training and inspiration to those charged with the office of the evangelist. We also continued developing our fledgling association of theses country teams who are training evangelists – the ‘European Young Evangelists Network’. We have a sense of anticipation as this takes shape as we seek to train evangelists across this continent. ## **Unashamed Course** Something that had been in the pipeline for a while was a new evangelism course, specifically designed to help Christians be more confident in sharing the Gospel. We had not particularly planned for this training to launch in 2020, but the pandemic accelerated this new venture. The course was launched online in the second half of the year and was well received. As we ended the year, the course had been trialled here in the UK and was being translated into Armenian and French. Our occasional Unashamed+ training events also saw a relatively huge increase in numbers, with participants drawn from across Europe (interpretation provided into a few languages). ## **Street Teams** From mid-March, our active street ministry was largely curtailed, although there were limited opportunities during different lockdown restrictions. Overseas travel ceased from March 2020 and therefore we were unable to connect with our European partners on the ground. ## **K180 Music** Gareth Hides continued writing music, particularly designed to reach/engage those who are yet without a personal faith in Jesus Christ. He also started working on a (potential) K180 musical. Details of the music ministry can be found here: www.k180.org/music There are several other ministry endeavours, which can be read about at www.k180.org. 30[th] April 2021 5 ## **Statement of Financial Activities** ## Kerygma180 ## For the year ended 31 December 2020 |**Account Note**|**Unrestricted**
**Funds 2020**|

**Restricted**
**Funds 2020**|

**Total Funds**
**2020**|**Total Funds**
**2019**| |---|---|---|---|---| |**Income from:**||||| |Donations and legacies|107,102|
30,745|
137,847|158,093| |Charitable activities|4,391|
58,066|
62,457|127,855| |**Total 3.1**|**111,493**|
**88,811**|
**200,304**|**285,948**| |**Expenditure on:**||||| |Operating costs|50,902|
5,801|
56,703|43,694| |Charitable activities|16,460|
124,882|
141,342|198,084| |**Total expenditure 3.2**|**67,362**|
**130,683**|
**198,045**|**241,778**| |**Net income / (expenditure)**|**44,131**|
**(41,872)**|
**2,259**|**44,170**| |**Reconciliation of funds**||||| |Transfers between funds|(17,924)|
17,924|
0|0| |Total funds brought forward|73,555|
31,276|
104,831|60,660| |**Total funds carried forward**|**99,762**|
**7,328**|
**107,090**|**104,831**| 6 Balance Sheet Kerygma180 As at 31 December 2020 31 2020 31 Dac 2020 Total 31 Dec Tt)tal 31 Dec 2020 2019 Flx•d A8s0ts Computer equipment Total Fixed Assets 3,151 3,151 3.151 3.151 3.387 3,387 Current Assets Debtors Cash al bank and in hand Total Cuffent Assets 742 97.714 3,779 23.627 4.521 121,341 125.862 4.750 130.227 134977 10 Llabllltl8S." Amounts falling due wFthin on&year (1,845) (20.0781 (21,923) {33.5331 Net Current Assets U•bllitlos Total Assets less Current Uabllltles 107.090 Amounts falling due after more than one year Net A886ts 99.762 Funds of the ¢harlty Reslrictad Unrestricted Total Funds of the cha 7,328 7,328 31.276 73,5S5 99,762 7.328 107,090 The ¢harits￿ ¢ompany was enlU8d to 8xempt#Ji from audit urKler s477 of th8 CCWnpan￿ Act 20(6 rdatiTr3 to small c(Mnpanie& The rr￿nber5 have not required the cx)mpany to obtain an a￿lf{ in aCC￿d￿ section 476 of the Compan￿5 Act 2C¥)6. The directors ac*n￿￿edge their resp(wtsibilrlies fc* c¢)mptying wilh the wuirem8nts ofthe Thes8 accounts havg been pryarad in attcrfdarta wilh the prov￿lOnS applKab19 to small corrynies wbiect to the small Companies regime and in a(X0rd￿ wilh FRS1Q2 SORP. Approved by th8 board of trustees m .......... .......... ........ A Dewick J Taylor ## **Notes to the accounts** ## **1. Basis of preparation** **1.1 Basis of accounting -** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared under the Companies Act 2006 and in accordance with the Statement of Recommended Practice (SORP), Financial Reporting Standards (FRS 102 Section 1A) and the Charities Act 2011. **1.2 Change of accounting policy -** The accounts present a true and fair view and no changes have been made to the accounting policies adopted. **1.3 Changes to accounting estimates** - No changes to accounting estimates have occurred in the reporting period. - **1.4 Material prior year errors** - No material prior year errors have been identified in the reporting period. ## **2. Accounting policies** ## **2.1 Income** **Recognition of income** - These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources. - it is more likely than not that the charity will receive the resources. - the monetary value can be measured with sufficient reliability. **Offsetting -** There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the SORP or FRS 102. **Legacies -** Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. **Tax reclaims on donations and gifts -** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. **Support costs -** The charity has incurred expenditure on support costs. **Voluntary help -** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report where necessary. **Income from interest, royalties, and dividends -** This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably. 8 ## **2.1 Expenditure & liabilities** **Liability recognition** - Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. **Governance and support costs** Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources,. ## **3. Analysis of income & expenditure 3.1 Analysis of income** |**Donations and legacies**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds £**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |Donations and gifts|103,847|24,408|-|
128,255|149.231| |Gift Aid|3,255|
6,337|-|9,592|8,861| |Legacies|-|-|-|
-|-| |General grants provided by
government/other charities|-|
-|-|
-|-| |Membership subscriptions Sponsorships
which are in substance donations|-|
-|-|
-|-| |Donated goods, facilities and services|-|-|-|
-|-| |Other|-|
-|-|
-|-| |**Total**|107,102|30,745|-|
137,847|158,092| |**Charitable activities**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds £**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |Proclaiming|-|
1,274|-|
1,274|6,788| |Training in ministry|-|30,283|-|30,283|19,488| |Evangelism|4,391|649|-|5,040|18,287| |Mission including Josiah Venture|-|15,263|-|15,263|16,537| |Leadership|-|10,597|-|10,597|66,756| |Other|-|
-|-|
-|-| |**Total**|4,391|58,066|-|
62,457|127,856| |**Total income**|||||| ||111,493|88,811|-|200,304|285,948| 9 ## **3.2 Analysis of expenditure** |**Expenditure on raising funds**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |Incurred seeking donations|761|-|
-|
761|6,148| |Incurred seeking legacies|-|
-|
-|
-|-| |Incurred seeking grants|-|
-|
-|
-|-| |Other|-|
-|
-|
-|-| |**Total**|761|
-|
-|
761|6,148| ||||||| |**Charitable activities**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |Proclaiming|-|27,200|-|27,200|27,318| |Training in ministry|-|42,920|-|42,920|32,971| |Evangelism|1,049|15,341|-|16,390|39,356| |Mission including Josiah Venture|-|15,782|-|15,782|16,538| |Leadership|655|23,638|-|24,293|70,516| |Other – Thanksgiving offerings|13,995|
-|-|13,995|5,237| |**Total**|15,699|124,882|-|140,581|191,936| |**Support expenses**|**Unrestricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Endowment**
**funds**
**£**|**Total**
**funds**
**£**|**Prior**
**year**
**£**| |---|---|---|---|---|---| |General support Costs|6,208|-|-|6,208|5,661| |Governance Costs|-|-|-|-|-| |Staff Salaries, NIC & Pension|43,013|5,801|-|48,814|33,716| |Staff Expenses including Travel|1,681|-|-|1,681|4,317| |Independent examiner’s fee|-|-|-|-|-| |Other|-|-|-|-|-| |**Total**|50,902|5,801|-|56,703|43,694| |**Total expenditure**|||||| ||67,362|130,683|-|198,045|241,778| 10 ## **4. Staff costs** |**4.1 Employment costs**
Salaries & wages
Social security costs
Pension costs (defined contribution pension plan)
Staff expenses
Other employee benefits
Total staff costs|**2020**
**2019**
£
£
100,586
74,789
8,244
5,740
3,332
1,788
1,681
4,317
-
-| |---|---| ||113,843
86,634| No employee have received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 ## **4.2 Average head count** |Fund raising
Charitable activities
Support / Governance
Total|**2020**
**2019**
-
-
3
3
2
1| |---|---| ||5
4| ## **5. Tangible fixed assets & depreciation** Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Equipment - 25% (Straight line basis) |**Tangible fixed assets**
**Cost**
As at 1 January 2020
Additions
Disposals
As at 31 December 2020
**Depreciation**
As at 1 January 2020
Charge for the year
depreciation on disposals
As at 31 December 2020
**Net book value**
As at 31 December 2020
As at 31 December 2019|**Equipment**
**Total**
£
£
6,218
6,218
901
901
-
-| |---|---| ||7,119
7,119| ||2,831
2,831
1,137
1,137
-
-| ||3,968
3,968| ||3,151
3,151| ||3,387
3,387| 11 ## **6. Fund accounting** Unrestricted funds comprise the accumulated movement on funds available for use at the absolute discretion of the trustees. Restricted funds are funds subject to specific restrictions imposed by the donor. They provide funds for the purpose of a charitable activity and supporting Kerygma180s administration and support costs. These funds are held by Kerygma 180 until spent in accordance with the terms of the donation or grant. ## **7. Debtors & prepayments** |**Analysis of debtors**
Trade debtors
Prepayments
Other debtors – Gift Aid & Donations
receivable|**2020**
**2019**
£
£
-
-
3,122
3,527
1,399
1,223| |---|---| ||4,521
4,750| ## **8. Creditors: amounts falling due within one year** |Accounts payable
Accruals & deferred income
Taxation & social security
Pension payable|**2020**
**2019**
£
£
1,092
-
17,979
31,276
2,235
1,746
618
511| |---|---| ||21,924
33,533| ## **9. Deferred income** |**Movement in deferred income**
Balance as at 1 January 2020
Amounts added in current period
Amounts released to income from previous periods
Balance as at 31 December 2020|**2020**
**2019**
£
£
31,276
46,794
4,277
31,276
(24,198)
(46,794)
11,355
31,276| |---|---| 12 ## **10. Cash at bank and in hand** |Short term cash investments
Cash at bank and in hand|**2020**
**2019**
£
£
-
-
121,341
130,227| |---|---| ||121,341
130,227| ## **11. Summary of fund movements** ## **Details of material funds held and movements – 2020 (current year)** |**Fund**|**Type***|**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---| |General Fund|UR|To use to help the
ministries below|73,555|111,493|(67,362)|(17,924)|99,762| |Proclaiming|R|To train in street
ministry|-|1,274|(27,200)|25,926|-| |Training in
Ministry|R|To train in street
evangelism|31,276|30,283|(42,920)|(11,360)|7,278| |Evangelism|R|To train evangelists|-|649|(15,341)|14,692|-| |Other Income JV
and HMRC|R|To train in street
ministry|-|15,263|(15,782)|519|-| |Leadership|R|To train leaders|-|10,597|(23,638)|13,091|50| |Other Designated|R|To train the above|-|30,745|(5,801)|(24,944)|-| |**Total Funds as per balance sheet**|||104,831|200,304|(198,045)|-|107,090| *Key : UR – Unrestricted funds , R - Restricted funds 13 ## **Details of material funds held and movements – 2019 (previous year)** |**Fund**|**Type***|**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---| |General Fund|UR|To use to help
the ministries
below|60,660|140,648|(51,269)|(76,484)|73,555| |Proclaiming|R|To train in street
ministry|-|6,788|(27,318)|20,530|-| |Training in
Ministry|R|To train in street
evangelism|-|19,487|(32,971)|44,760|31,276| |Evangelism|R|To train
evangelists|-|12,197|(38,311)|26,114|-| |Other Income JV
and HMRC|R|To train in street
ministry|-|16,537|(16,538)|-|-| |Leadership|R|To train leaders|-|66,756|(70,516)|3,760|-| |Other Designated|R|To train the
above|-|23,535|(4,855)|(18,680)|-| |**Total Funds as per balance sheet**|||60,660|285,948|(241,778)|-|104,831| *Key : UR – Unrestricted funds , R - Restricted funds 14 **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|KERYGMA 180|KERYGMA 180|KERYGMA 180| |---|---|---|---| ||||| ||31/12/2020|**Charity no**
**(if any)**|1123294| ||||| ||1 - 14||| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2020. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. - **Independent** I have completed my examination. I confirm that no material matters have - **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - • the accounts did 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. **Signed: Date:** 15th September 2020 **Name:** Roger Bradshaw **Relevant professional** ACCA **qualification(s) or body (if any): Address:** 29 Elthorne Park Road, London, W7 2JB 15 ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 16