Charity registration number.. 1169261 KAIROS CONNEXION TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Adding Value Consuliancy Ltd Studio 21. Bluecoat Chambers School Lane Liverpool L1 3BX
Kairos Connexion Contents Page Trustees. Report Independent Examinerfs Report Statement of Financial Activities Statement of Financial Position Notes io the Financial Statements 12
Kairos Connexion Trustees. Report For The Year Ended 31 December 2024 The trustees present their report and the finanaal statements for the year ende(131 December 2024. Obl8ctlv•s and Actlvltles Alms and Obl•ctlv•s Our charity's purposes as set out in the object's o)ntsined our Constslution dated 29th September 2016 are to.. To advance the Christian farth in accordance with the Charrty's statements of beliefs in such parts of the United Kingdom and the World as the Trustees may from time to time think fit. In particular through the provision of support and training to leaders and churthes to fijlfil such other purposes which 8re exclusively charitable and are connected with the charitable WO of the charily. Slgnlflcant ACtIvE$ Kairos Connexion operates through three stam$.. I. MICROPLANTING STREAM Dlrector.. Christie Lothamer Key Developments Neiwork Structure- The Microthurch Network IMCNI developed and piloted a framework for area-based microchurch networks that complies with charity law while maintaining auionomous microchurches wilh low leadership hierarchy, creating a multipliable apostolic impulse. S•rvie• Platform - In June 2024, the MCN service team was extracted from Jourr*y communtts.es (Bicester eharityl k>cal team to become a formal part ol Kairos Connexion charity over Ihe coming year. Aetiviti•s Spring Personal Spiritual Retreats {24 people) MicroplantinglPioneer Accelerator113 people) Microchurch Leaders Huddle19 people) Calling Lab.. Autumn and Spring sessions111 peoFlel Prophecy Lab Pilot Group18 people) Monthly articles via app Weekly service team meetings Ongoing netwothng and relationship building Partnerships Churches in Communibes International (safeguarding training and ordination for microplantersl Myriad and their microplanter pathway 2. CITY REACHING STREAM DIrtor.. Nio Harding Key Developments Luis Palau Asso¢iation Partnership- Partnership agreed April 2024. aligning wilh Kx Ctty Reaching agenda on evangelism. serving the city, and prayer. LPA initially offed Evangelism Strategy Team development lo all partiupab.ng aties. Networf( Growth- Working to recruit new towns and cities wlh a goal of 15 uties al the October 2024 gathering. The October event had 25+ attendees from 10 10>ion5, incjuding participant5 from Florida and Italy. Events: In-person event, Crewe: 20 April 202412 Churches. 25 people) Online event.. 20 June 2024 Zoorn event.. 14 July 2024137 people from 10 of the 12 ulies at the launch event) In-person gathering, Weslwotxl. Coventy.. 15-17 October 2024 3. REIMAGINE CHURCH STREAM New Family Members West Street Christian Fellowship in Crewe beG4me an offia81 famity tnember in 2024. Coaching and Huddles ..CONTINUED Page 1
Kairos Connexion Trustees. Report (continued) For The Year Ended 31 December 2024 Slgnlflcant ActIv•S . contlnu8d The organisation operates a coaching mdel through"huddles"-small groups of leaders meeting regularfy for mutual support and development. Huddle Restructuring With th8 director transition, hLJddles were reorganised-. Jeff took on two main huddles from the founding Diiedor Leader huddles changed lo one-hour sessions Founding Director contsnues leading the Nelwork Leaders huddle but is shttbng fo(xJs lo Ctty Reachers Some leaders without huddles during transition We offered places in Jeffs senior leader huddles Directorfs Church Jfisits Jeff visited Kx family church leaders in autumn 2024 across Crewe, Chester, the wil1. LivetfK)ol. Coventry, Sheffield, and Bridlington, meeting with.. 11 senior leaders of Kx f8mily churches 4 senior leaders of potential farnily churd)es 3 friends ol Kx These conversations were highty FX)sitive. Jeff discussed finan81 contributions and atteran at the upc(MnirwJ NTG event. Most famity churches are now contributs.ng finanallY and planning lo bring teams to the March NTG. Public Benefit The trustees confirm that they have complied the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Struetur•. Gov•mane• and Manag•m•nt OVERVIEW This report covers January-December 2024. a significant transiiion year for Kairos Connexion. Jeff Lothamer was appointed Director in July 2024. taking over from the founding Director. This transOn brought both challeThJes and opportunities as we continued mobilising missionary disciples and supporting church planting inits"atives across the UK. GOVERNANCE AND LEADERSHIP Director Tran51tion Jeff Lothamer became Director on 1 July 2024 following his April 2024 appointmenL The Iransition induded planning from April-July and a one-month handover period in July with both directors vK)rking together. L•ad•rship T•arn The leadership team is being reslmctured. The pVIouS team mel for the final lime in June 2024. Jeff is forniing a new team prioritising diversity and c8pacity, induding leaders * various levels rather than only senior leaders. Trustees No thanges to the Board of Trustees during this perKKI. External Coaching Rich Robinson is providing coaching io the Direcior and three stream teams on.. Team formation and admin sUprt strategy Vision and values discemment The streams strategy Revenue generation and financial 5UStainabilty STAFFING Stsffing Chang•s Hannah (communications) concluded her role end of July 2024 Maybel (administration and finance) completed her role end of July 2024 Social rnedia and newsletters paused due to lack of support staff Considering outsourcing speaalisl lunctions ralher than traditional adminlops role The financial systems transition was challenging, but banking acc£ is now estatAished and 8Ctx)unting software operational. Plans are underway to outsource financial management and event planning. Page 2
Kairos Connexion Trustees. Report (Continued) For The Year Ended 31 December 2024 Rèf*r•nc• and Admlnlstratlv• D•talls Trustèes Jenni8 Johnson- Chairperson Jeff Lothamer- Director Nic Harding Mark Carey Ben Askew Ceri Harris Dawd Brown Jennifer Wickham Charfty Number 1169261 Independent Examiner Matthew Brown Adding Value Consultancy Ltd Studio 21. Bluecoat Chambers School Lane Liverpcol L1 3BX Page 3
Kairos Connexion Trustees. Report (Continued) For The Year Ended 31 December 2024 Oth•r Infomiatlon CONCLUSION 2024 was a year ol significant transition for Kairos Connexion. Jeff Lothamerfs apFK)intment as Director represents continuity in our cornrnitment to supporting ohurch planb.ng arhd missionary disciple-rnaknng. alongside change in leadership approach and organisational structure. The three Streams continue developing, each with distinct tharacter and challenges. The Microplanting stream established a replicable framewort( for regional nerks. The City Reaching SIaM is building UK and intemational relationships. The Reimagine Church stream is gradually growing as churches recognise the value of connection wrth Kairos Connexion. Challenges remain around ffinanci81 sustainability, staffing structure, and maintaining rTK)mentum during transthon. However, the foundation is laid for strategic progress in 2025. Extemal coaching engagement, planned formation of a new leadership team, and commitment to develop clear vision and values frameworks indicate a thoughtFul approach to building the organisabon's future. The quality of network leaders, dedication of stream leaders, 8nd tx)sibve engagement of f8mily churches prowde strong reasons for confidence as Kairos Connexion moves into ils next chapter. The truste85' report was approved by the tK>ard of trust885 and signed on its b8half by.. Jeff Lotharner Trustee 29th October 2025 Page 4
Kairos Connexion Independent Examiner's Report to the Trustees of Kairos Connexion For The Year Ended 31 December 2024 I rèw>rt to thè trustéès on rny èxawnination of the accounts of Kairos cOnnOn (thé Trust) for thè yèaT èndèd 31 Dècémbèr 2024. R•sponsibilities and Basis of Report As the ch8rty trustees of the Trusl you are responsible for the preparatK)n of the a(xx)unts in accordance with the requirements of the Charities Act 20111.lhe Act"). I reFort in respect of my examination ol the Trust's accounts carried out under section 145 of the 2011 Acl and in Carrng out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the Aot. Independent Examinerfs Statement I hav8 completed my exarnination. I confirrn that no material matter5 hav8 com8 to rny att8nb.on in 1x)nr10 wrth the 8xarninab.on gin9 Tn8 cause to believe that in any material respeci". 1. aw)unting records were not kept In respect of the Tnjst as required by 130 of the Art., or 2 the accounts do not accord with those cOrdS- or I the accounts do not cornply with the applicable requirements cx1nrnIng the form and contents of accounts set out in the Charities IAccounts and Reports) Regulats"ons 2(M)8 other than any requirement Ihat the a(xounts give a Irue and fair view which is not a matter considered as part ol an independent examination. I have no concerns and have COTne across no other matter5 in connection with the examinalion to vthich attenb.on should be drawn in thi5 report in order lo enable a proper understanding ol the accounts lo be read)ed. Matthew Brown 31st October 2025 Studio 21. Bluecoat Chambers School Lane Liverpwl L1 38X Page 5
Kairos Connexion Statement of Financial Activities For The Year Ended 31 December 2024 2024 2023 Unrestricted Unrestricted fund$ fund$ Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities.. 33,482 38,883 Courses. coaching and other actiwties Other resources 12.627 28.398 4.049 127 Investments 46,2fj3 71,457 EXPENDITURE ON.. Charitable activities-. Courses, coaching and other actiwties 156,9861 172,9271 NET EXPENDITURE 110.7231 11.4701 NET MOVEMENT IN FUNDS 110,7231 11,4701 RECONCILIATION OF FUNOS.. Total funds brought lomard 34,(K)8 35,478 TOTAL FUNOS CARRIED FORWARD 15 23.285 34.008 The notes on pages 8 to 12 fomi part of these financial statements. Page 6
Kairos Connexion Statement of Financial Position As At 31 December 2024 2024 2023 Unrestricted Total funds funds Notes FIXED ASSETS Tangible Assets 12 3.014 3,014 CURRENT ASSETS Debtors 13 930 7,101 24,433 Cash 8t bank and in hand 22,895 23,825 31,534 Cr•dltors: Amounts Falllng Duè Wlthln Onè Y•ar 14 15401 15401 NET CURRENT ASSETS {LIABILITIES} 23,285 30,994 TOTAL ASSETS LESS CURRENT LIABILMES 23,285 34,008 NET ASss 23,285 34,008 FUNDS OF THE CHARITY Unrestricted Funds 23,285 34,008 TOTAL FUNDS 15 23,285 34,008 On behalf of the tM)ard Jeff Lotharner Trustee 29th October 2025 The notes on pages 8 to 12 fomi part of these financial statements. Page 7
Kairos Connexion Notes to the Financial Statements For The Year Ended 31 December 2024 1. Gènèral Information Kairos Connexion is a ch8ritable inwrporated organisation registered wtth Ihe Charity Commissw)n, regislered charity number 1169261. The principal address is 2. Accountlng Pollcles 2.1. Basis of Preparation of Financial Statements The financial statements have been prepared in aCcOrdar with the Charities SORP IFRS 1021'Accounting and Reporting by Charities.. Statement of Recommended Practice ap1¢able to charities preparing Iheir accounts in accordance with the Financial Reporting Standard appliCae in the UK and ReputAic of Ireland IFRS 1021 leffective 1 January 20191" Financial Reporting Standard 102'The Financial Reporknng Slandard applicable in the UK and Republic ol Iland. and the Charibes Act 2011. The charity is 8 Public Benefrt Entity as defineil by FRS 102. 2.2. Incoming Re$ource$ Income is recognised when Ihe charity has eniiuement to the frjnds. any perforn)an o)nditions attached to Ihe iternlsl of income have b8en met, it is probable that th8 incorne wll received. and lh8 amount tAn b8 measured reliably. Income from govemment and other grants, whether'capital, grants or'revenue, grants, is recognised when the charity has ents"Uement t the funds, any performance conditions attached to the grants have been met. it is probable that the income will be received, and the arnount Can be measured reliabty and is rK>t deferred. Income received in advance of the provision of speufie(I seNices is defer unb"I the uiteria for income recognition are met. 2.3. Donated Goods and Services Donated profèssional Services and donated faulib.es are recognisèd as income when the charity has control over thè Item, any conditions associated with the donated item have been met. the receipt of enOMiC benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021. the gener81 volunteer time is not recognised and refer to the trustees, annl report for MO infomab.on atxmjl their contn"buts"on. On receipt, donated professional services and donaled faalities are recognised on Ihe basis of the value of the gift to Ihe charity which is the 8motJnt the tharity would have been willing to pay to obtsin servi$ or facilities of equivalent ewnornic benefit on the open market., a corresponding amount is then recognised in experKlilure in the period of receipt. 2.4. Resources Expended Expenditure is recognised once the is a legal constructive obligation to make a payment to a third party, it Is probable that setuement will be required, and the amount ol the obligation can be measured reliably. Expendrture is claSsd under the following activity headings.. Costs of raising lunds comprise the consists of commerual trading. Expenditure on charitable activities indudes Ihe o)sts of activities undertaken to fvrther Ihe purposes of the charity and their associated support costs Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is chargeil as a (x)st againsl the actiwty for whith the expendittjre was incurred. 2.5. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured 8t cost less accumulated depreciation and any a(Lumulated impaimient losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets. less their estimated residual value, over their expected useful lives on the following bases.. Plant & Machinery 2.6. Cash and Cash Equivalents Cash and cash equivalents are basic finanaal assets and indude cash in hand and detx)sits held at call with banks. othei short-term highly liquid investments that rnatu in no more than Ihree months from the date of acqLJisIts"on and are readily convertible to a known amount of cash with insignfficant risk of change in value. and bank overdrafts. 3. Income from Donations and Legacies Page 8
Kairos Connexion Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 2024 2023 Unrestricted Unrestricted funds funds Donations and grfts 33,482 38,883 4. Income from Charftable Actlvltles 2024 2023 Unrèstrietèd nds Unrèstrietèd nds Courses, coaching and other activities Oiher resources 12,627 28,398 4,049 12.627 32.447 5. Investment Inc¢)me 2024 2023 Unrestricted Unr85trict8d funds funds Bank interest reIvable 127 6. Net IncornellExpenditurel The net expenditure is stated after chargingllcredib"ngl: 2024 2023 GainlLoss on disposal ol tangle fixed assets 3,014 7. Analysis of Expendiiure 2024 Grant funding Support costs of activities (see note 81 Total Courses, coaching and other actsvilies 474 56.512 56,986 2023 Grant funding Support costs of actlvltbes Isee note 81 Total Cours8s, coaching and oth8r activrties 1,8 71,019 72,927 Page 9
Kairos Connexion Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 8. Support Costs 2024 Courses, coaching and other activities Employee costs.. Wages and salaries Trustees, salaries 10,673 26,745 450 Staff training Travel and subsistence expenses General administration.. 3,125 Printing, postage and stationery Independent examinerfs fees Professional fees 5,910 630 1.089 2.090 2,786 Subscriptions Other office costs Depreciation.. Loss on disposal of tangible fixed assets 3.014 56,512 2023 ¢ourse5, coaching and other activities Employee costs". Wages and salaries Staff training Travel and subsistence expenses General administration.. 49,449 882 3,925 Printing, postage and stationery Independent examinerfs fees Professional fees 5,469 618 899 Subscriptions Other office costs 1,026 8.751 71.019 9. Independent Examinerfs Remuneration 2024 2023 Indep8ndent examination of the finanaal staterner (Xh8r assuranc6 sèrvicès 630 Tax advisory services Other financial services 630 Page 10
Kairos Connexion Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 10. Staff Costs Stsff (x)sts were as follows.. 2024 2023 Wages and saL4ries 37,418 49,449 No employees received employee benefits lexduding empk>yer pension costs) for the rerKMt"ng period of more than £60,000. 11. Average Number of Employees Averag8 numbèr of èmployèès ijuring thè yèar was". 212023." 1 12. Tanglble Ass•ts Plant & Machln•ry C05t As at 1 January 2024 Disposals 3,014 13,0141 As at 31 Detsmber 2024 Net Book Value As at 31 December 2024 As at 1 January 2024 3.014 13. Debtors 2024 2023 Due within one year Other debtors 7,101 Other taxes and social security 930 930 7,101 14. Cr•ditors- Amourts Falling Duè Within Onè Yèar 2024 2023 Accruals and deferred income 540 540 15. Movement in Funds Asat31 December 2024 Asat1 January 2024 Incorne Expendrlure Unrestrlcted funds General.. General unrestricted fund 34.IM)8 46.263 156.9861 23,285 Total funds 34,008 46,263 156,9861 23,285 Page 11
Kairos Connexion Notes to the Financial Statements (continued} For The Year Ended 31 December 2024 Asat31 December 2023 Asat1 January 2023 Incorne Expendrture Unrestricted funds General.. General unrestricted fund 35.478 71.457 172.9271 34.008 Total funds 35.478 71.457 172,9271 34,008 16. Transadions with Tru$tees The following trustees have been paid remuneration or have r1Ved other benefits from the charity or related entity.. Name of trustee Legal authority Remuneration 2024 Total Goveming document provision Goveming document provision Nic Harding 18,245 18,245 Jeff Lothamer 8,500 8,500 None of the tNstees reiVed any remunerdtion or any other beneffts from an employment wilh the charity or a related entity during the previous year. No trustee expenses have been incurred. 17. Related Party Disclosures There have been no related party transactions in the reporting pericmj Ihal wuire disdosure. excepl for those disclosed in the Transactions with Trustees notg. Page 12