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2022-12-31-accounts

Kerygma 180

Financial Statements

For the year ended 31 December 2022

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

With the pandemic years fading into the distance, Kerygma180 (K180) is pleased to report a flourishing in different areas of ministry. The pandemic years were exceptionally busy as we transitioned to online initiatives, but it has been refreshing to see reinvigoration of existing projects and ongoing ministry as we gather once more in person. 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.

Training in person re-emerged during 2022 and it was good to see initiatives in at least 13 European countries, including a first time with native Bulgarians in Bulgaria. We were also encouraged by the ministry of our teams in the nations bordering Ukraine as training graduates put their training into practice as they exercised leadership in challenging circumstances.

We finished 2022 with training completed in 13 European countries (although with representation in others) and a verified 583 leaders trained in Europe, plus others trained outside of Europe as a result of multiplication from online training. These non-European events were run by local leaders who had experienced our online training. We came to the end of 2022 with 25 European country teams in place.

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.

The work continues in Germany, Italy, Spain, and the UK. Indeed, growth is steady-to-strong as we moved to meeting in-person, which was particularly encouraging given leadership team changes in Germany, Spain and the UK to one degree or other. We are evaluating training in Iceland (on pause) and also Russia (of course, difficult for the last 12 months. We await to see

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what happens). We also held a one-off event online where a respected UK evangelist brought training and inspiration to those charged with the office of the evangelist.

We also continued developing our fledgling association of these country teams who are training evangelists – the ‘European Young Evangelists Network’. This included our rescheduled (due to covid) ‘Behold Europe’ 2 yearly gathering of young evangelists from across Europe. A wonderfully encouraging time in Germany in November! We have a sense of anticipation as this takes shape as we seek to train evangelists across this continent.

Unashamed Course

The Unashamed course was held online and in person in various settings during 2022 and continues to be well received. We are now near to finalising having the materials ‘print ready’ and hope to expand the reach of the Unashamed Course. Our occasional Unashamed+ online training events are growing in popularity, with participants drawn from across Europe (interpretation provided into a few languages).

Street Teams

Street ministry is back in full swing and it has been good to be back on the streets proclaiming the Gospel. We continue to support fledgling street teams in London and beyond as we seek to biblically, passionately, and creatively, proclaim the Good News. We also had a return to overseas mission weekends and this gathered pace during the year.

The Journey

At the invitation of the London Baptists, K180 continues to work alongside local churches in order to help further develop their evangelistic culture. This includes regular street ministry, training for the church, a 6 month ‘deeper discipleship’ journey for a group of 6, and the launching of evangelistic endeavours. 2022 saw completion of another annual partnership, this time with a South London church.

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 has continued working on a K180 musical, which is due to premiere in June 2023. 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.

5th April 2023

5

Statement of Financial Activities

Kerygma180

For the year ended 31 December 2022

Account Note Unrestricted
Funds 2022

Restricted
Funds 2022

Total Funds
2022		 Total Funds
2021
Income from:
Donations and legacies 119,103
175,980
295,083		 155,293
Charitable activities 19,928
110,785
130,713		 58,143
Total 3.1 139,031
286,765
425,796		 213,436
Expenditure on:
Operating costs 32,114
17,993
50,107		 47,301
Charitable activities 28,758
339,823
368,581		 163,472
Total expenditure 3.2 60,872
357,816
418,688		 210,773
Net income / (expenditure) 78,159
(71,051)
7,108		 2,663
Reconciliation of funds
Transfers between funds (93,139)
93,139
0		 0
Total funds brought forward 101,753
8,000
109,753		 107,090
Total funds carried forward 86,772
30,088
116,860		 109,753

6

Balance Sheet

Kerygma180

As at 31 December 2022

Note
31 Dec 2022
Unrestricted
31 Dec 2022
Restricted
Total 31 Dec
2022
Total 31 Dec
2021		 Note
31 Dec 2022
Unrestricted
31 Dec 2022
Restricted
Total 31 Dec
2022
Total 31 Dec
2021		 Note
31 Dec 2022
Unrestricted
31 Dec 2022
Restricted
Total 31 Dec
2022
Total 31 Dec
2021		 Note
31 Dec 2022
Unrestricted
31 Dec 2022
Restricted
Total 31 Dec
2022
Total 31 Dec
2021		 Note
31 Dec 2022
Unrestricted
31 Dec 2022
Restricted
Total 31 Dec
2022
Total 31 Dec
2021
Fixed Assets
Computer equipment
5
636
0
636
1,924
Total Fixed Assets
636
0
636
1,924
Current Assets
Debtors & prepayments
7
4,294
6,320
10,614
13,956
Cash at bank and in hand
10
83,718
61,208
144,926
106,865
Total Current Assets
88,012
67,528
155,540
120,821
Liabilities:
Amounts falling due within one-year 8
(1,875)
(37,440)
(39,315)
(12,992)
Net Current Assets (Liabilities)
86,137
30,088
116,225
107,829
Total Assets less Current Liabilities
86,772
30,088
116,860
109,753
Amounts falling due after more than one year
0
0
0
0
Net Assets
86,772
30,088
116,860
109,753
Funds of the charity
Restricted
30,088
30,088
8,000
Unrestricted
86,772
86,772
101,753
Total Funds of the charity 86,772 30,088 116,860 109,753

Approved by the board of trustees on 18 April 2023.

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………………………………………………………… ………………………………………………………… A Dewick J Taylor

7

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.

2. Accounting policies

2.1 Income

Recognition of income - These are included in the Statement of Financial Activities (SOFA) when:

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
£
General donations 113,163 27,057 -
140,220		 148,316
Donations from fund raising 125 148,923 - 149,048 1,392
Legacies - - - - -
General grants provided by
government		 -
-		 -
-		 -
Membership subscriptions Sponsorships
which are in substance donations		 -
-		 -
-		 -
Donated goods, facilities and services - - -
-		 -
Other 5,815
-		 -
5,815		 5,585
Total 119,103 175,980 -
295,083		 155,293
Charitable activities Unrestricted
funds
£		 Restricted
income
funds £		 Endowment
funds
£		 Total
funds
£		 Prior
year
£
Proclaiming -
6,998		 -
6,998		 3,748
Training in ministry - 5,868 - 5,868 5,848
Evangelism 19,928 26,984 - 46,913 16,485
Mission including Josiah Venture - 13,005 - 13,005 14,795
Leadership - 57,930 - 57,930 17,267
Other -
-		 -
-		 -
Total 19,928 110,785 -
130,713		 58,143
Total income
139,031 286,765 - 425,796 213,436

9

3.2 Analysis of expenditure

Expenditure on raising funds Unrestricted
funds
£
Restricted
funds
£		 Endowment
funds
£		 Total
funds
£		 Prior
year
£
Incurred seeking donations 581 -
-
581		 38
Incurred seeking legacies -
-
-
-
-
Incurred seeking grants -
-
-
-
-
Other -
-
-
-
38
Total 581 -
-
581		 38
Charitable activities & other
donations		 Unrestricted
funds
£
Restricted
funds
£		 Endowment
funds
£		 Total
funds
£		 Prior
year
£
Proclaiming 4,422 40,351 - 44,773 37,076
Training in ministry - 27,715 - 27,715 27,648
Evangelism 7,139 46,386 - 53,525 27,602
Mission including Josiah Venture - 13,279 - 13,279 14,863
Leadership 7,593 62,266 - 69,859 40,696
Designated appeal / relief fund
payments		 - 149,826 - 150,407 565
Thanksgiving offerings 9,023
-		 - 9,023 14,982
Total 28,177 339,823 - 368,581 163,434
Support expenses Unrestricted
funds
£
Restricted
funds
£		 Endowment
funds
£		 Total
funds
£		 Prior
year
£
General support Costs 6,734 - - 6,734 7,245
Governance Costs - - - - -
Staff Salaries, NIC & Pension 21,369 17,993 - 39,361 37,198
Staff Expenses including Travel 4,011 - - 4,011 2,858
Independent examiner’s fee - - - - -
Other - - - - -
Total 32,114 17,993 - 50,107 47,301
Total expenditure
60,872 357,817 - 418,689 210,773

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		 2022
2021
£
£
115,442
109,196
10,207
8,977
4,018
3,768
4,011
2,858
-
-
133,678
124,799

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		 2022
2021
-
-
3
3
2
2
5
5

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 2022
Additions
Disposals
As at 31 December 2022
Depreciation
As at 1 January 2022
Charge for the year
depreciation on disposals
As at 31 December 2022
Net book value
As at 31 December 2022
As at 31 December 2021		 Equipment
Total
£
£
7,188
7,119
-
-
-
-
7,188
7,188
5,265
5,265
1,287
1,287
-
-
6,552
6,552
636
636
1,923
1,923

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		 2022
2021
£
£
-
-
8,194
8,038
2,419
5,918
10,613
13,956

8. Creditors: amounts falling due within one year

Accounts payable
Accruals & deferred income
Taxation & social security
Pension payable		 2022
2021
£
£
573
1,546
33,228
8,538
4,796
2,280
718
628
39,315
12,992

9. Deferred income

Movement in deferred income
Balance as at 1 January
Amounts added in current period
Amounts released to income from previous periods
Balance as at 31 December		 2022
2021
£
£
8,000
11,355
28,088
5,000
(6,000)
(8,355)
30,088
8,000

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10. Cash at bank and in hand

Short term cash investments
Cash at bank and in hand		 2022
2021
£
£
-
-
144,926
106,865
144,926
106,865

11. Summary of fund movements

Details of material funds held and movements – 2022 (current year)

Fund Type* Purpose and
Restrictions		 Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Fund
balances
carried
forward
£
General Fund UR To utilise in
ministries below		 101,753 139,031 (60,872) (93,140) 86,772
Proclaiming R To train in street
ministry		 - 6,998 (40,351) 33,353 -
Training in
Ministry		 R To train in gospel
ministry		 3,000 5,868 (27,715) 20,847 2,000
Evangelism R To train evangelists 5,000 26,984 (46,386) 14,402 -
Missions
including JV		 R To train in street
ministry		 - 13,005 (13,279) 274 -
Leadership R To train leaders - 57,930 (62,266) 17,117 12,781
Other Designated
(including
appeals)		 R To utilise in
ministries above		 - 175,980 (167,820) 7,147 15,307
Total Funds as per balance sheet 109,753 425,796 (418,689) - 116,860

*Key : UR – Unrestricted funds , R - Restricted funds

13

Details of material funds held and movements – 2021 (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		 99,762 120,437 (67,723) (50,723) 101,753
Proclaiming R To train in street
ministry		 - 3,748 (32,654) 28,906 -
Training in
Ministry		 R To train in
gospel ministry		 7,278 5,848 (23,226) 13,100 3,000
Evangelism R To train
evangelists		 - 7,808 (22,022) 19,214 5,000
Missions
including JV		 R To train in street
ministry		 - 14,795 (14,863) 68 -
Leadership R To train leaders 50 17,267 (33,841) 16,524 -
Other Designated
(including
appeals)		 R To utilise in
ministries above		 - 43,533 (16,444) (27,089) -
Total Funds as per balance sheet 107,090 213,436 (210,773) - 109,753

*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
31/12/2022 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 31/12/2022.

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:

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:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:		 Date:
20th May 2023
Roger Bradshaw
ACCA
29 Elthorne Park Road, Hanwell, London, W72JB

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