Charity No- 117593 Kinetic Network Report of the Trustees for the period 1st July 2023 to 30th June 2024 This is the Fifth Report of the Trustees The Trustees have pleasure in presenting their report, with the financial statements of the charity, for the period ended 30th June 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20161 I'SORP (FRS 102)"). OBJECTIVES AND ACTIVITIES Objectives and aims The principal purposes of the Kinetic Ne￿Ork are general charitable purposes, education, the relief of poverty and religious activities. The Ne￿Ork also carries out such other charitable purposes in the United Kingdom and other parts of the world that, in the opinion of the Trustees, shall further the work of the Ne￿Ork and be beneficial to those members of the public who engage in its activities or services. The mission of Kinetic Ne￿Ork can be summed up in the following statement.. The Kinetic Network is a relational network of leaders and churches committed to the transformation of individuals, churches, society and nations, through the Spirit and the Word. The Network's activities include but are not restricted to.. training people for Christian service, the holdir)g of annual and other occasional conferences, the provision of Christian education and support services to Churches and Pastors, the forming of regular groups to provide pastoral support and encouragement to Christian leaders and the making of grants to individuals and churches to enable access to Christian education and training in Christian ministry. These activities are undertaken in the UK, but individuals may access these provisions from other countries, providing any necessary processes to obtain visas and permission to work are completed. Public benefit In planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Charily No: 117593 Kinetic Network ACHIEVEMENT AND PERFORMANCE Charitable activities Kinetic Leaders Conference In February 2024 we gathered around 80 leaders from across the Kinetic Network family of churches for the Kinetic leaders conferen￿. We welcomed Dan Gower as our main Bible teacher and along wtth other speakers from within the Kinetic Network family we engaged with the theme of 'Leading in Spirit and word.. Our times of sung worship were ably led by Marc James and his band and there were significant times of renewal and refreshment for many Kinetic Ne￿Ork leaders. Kinetic hubs and Kinetic leaders. forums We have focussed on establishing online hubs as a means of supporting pastors and key church leaders. These leadership hubs gather those who are part of Kinetic Ne￿ork, along with others who share our values and vision. They are specific to the needs of the participants. i.e. particular ministry and responsibility, gender, or geography. Their goal is to build strong and accountable relationships, offering both personal and ministry support. These hubs look to meet monthly. either for an hour online, and if possible. quarterly in person. Over the last year we have multiplied from three to seven hubs. Furthermore, we have started termly online leadership forums. These forums are an opportunity to gather leaders and pastors already connected with Kinetic Network as well as providing a means of introduction to others. Initially we have utilised national leaders who are known to and in relationship with KN as main speakers. In the coming year Over the next twelve months, we will focus on the following: The launch of a bi-monthly newsletter to ensure clearer and more regular communication The continued grovrth of leadership hubs and the temily online leadership forums The growth and nature of the annual leadership conference Developing a clearer identity in order to better communicate the responsibilities and privileges of being part of KN Facilitating stronger organic relationships between KN leaders and churches A sustainable financial model Kinetic leaders conference 2025 Planning for the Kinetic Leaders. Conference 2025 is V￿11 underway and we are looking fomard to welcoming Phil Knox and Rachel Heffer from the Evangelical Alliance as our keynote speakers. We are planning to welcome around 100 leaders in 2025 - a substantial increase on last year - believing that this will enable us to include newer churches and people within Kinetic Ne￿ork. Charity No- 117593 Kinetic Network STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. as a Charitably Incorporated Organisation. Organisational structure The Trustees and others form a team of volunteers who organise the activities of the Network. We continued to employ Mrs Clare Rudland as Marketing and Events Co- ordinator. Governance code The Trustees are aware of the Charty Governance Code and continue to consider how the relevant matters can be applied to and implemented by the Network. Trustees receive regular training and updates to enable them to be effective as Trustees. Risk management The Trustees have a duty to identify and review the risks to which the charity is exposed and ensure that appropriate controls are in place to mitigate or eliminate those risks. The Trustees periodically review the key risks to which the Ne￿Ork is exposed and have established systems and procedures to mitigate risk. particularly in the areas of financial management, and General Data Protection Regulation (GDPR). Principal address: 90 Denmark Street Bedford MK40 3TJ Trustees M J Childs Chair G M Lloyd-Jones Team Leader Mrs R Sands Hon Treasurer R Stevens Hon Secretary Mrs M McKean W Loescher (term ended 30th April 2024) P Sands Jcwatts Tom Rothwell (Appointed June 2024) Under the temis of the CIO, Trustees are appointed for 3 years, with a maximum 3 x a 9 year term. An annual rotation of one-third of the Trustees has been established. Charity No: 117593 Kinetic Network Independent examiner Mr John Caves 27 Northill Road Cople Bedford MK44 3TU Accounting Services Ms Carolyn Smith CLS Servi￿$ 1 Abbey Road Bedford MK419LG carol n.l.smith btinternet.com Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Kinetic Network Flnandal ActSvltl8S Juty 2023- June %)24 TufAL JUL2023.JUN 2024 JUL2022.JUN 2tr23 {PYI Incorn• 2024. L•adgr Conleron¢• 2024. Lll8 In tho S Aprfl Fomm 2023 Donalorts. ianoilc Netw Donatton$ (n¢X glftaldable) recaF4od 18,1ts22 1,872.00 10.OD 9342D 280.00 1285.IXI 7W50.00 47AO Dorthns Klnatic Non GA 4.803￿7 Donauom NGI Atsl Rocovorablo Inter¢st recolved on Depogmaixwnt Lrrs 2023 Corttsronco 20fd. Ule In th• ¥rft. Adu Ul• In the s￿rf1- Studont 381 139A9 18250.00 NGI tralnee Programme Salg 018ook oAo 15120 Cost ol Sales 17,629.90 18.630.92 85SAO Spthar Co 1J311)0 10th00 Forum C08t8 IiTJ.00 2SO.O TOTAL 8.027.$2 61241 7A99.96 7&8aO 211.64 216.00 AdvertI￿n￿pr9Mo￿oThAl Bank ¢harg•81rnl Strtp• Book kegplng 21&00 Aecruol Ba81s Thur8d•y 4 July 2024 07:01 am GPIT+01:00 1rd Kinetic Network Juty 2023. June 2tr TafAL 2022.JUM (PY) CompLrtwCo 247.80 317.93 Employ0￿ Por* 1A27.52 4.77S.00 35.00 | In$uranc88 meattng (¥)sts rrillgag• NGI Costs NGI.W 9m14 NGI Travel and A¢u)mm(wJth +• 439￿0 j Prfnlng. Postage SAatlon8ry 11. ij Payrdl Bureau 419.WJ TMvg1 and A¢¢ommodalfon 881.14 21.49 Trml meals NEf OPEFiATIK INCOME Otr*r Incom• 111.16 NEf OTHÉR IIKOME NEf iNCOMWIEXPÈNDmJRE) Accw•l Ba￿5 Tl oy 4 Juty 2024 07fn om GAIT+01 Kinetic Network TOTAL IS OFJLW&). a124 AS OF JUN 30. 2023 IP Cath atl)ank and tn h•ro1 1919.80 14 2*1&00 9,129.11 CAF Baftk D•p¢j￿ cAFv￿1￿I8l(W7dW6I 5319AS 0.00 0.00 Cury•nt A8891• NEf CURRENT A88ET8 o. N•t NET CURR￿AsSErs (UABLMESI nlnq 8ol•rK• r•d Eamkn 8uWuol(Dd 11,451 .16x7.27 Ac¢wal Basls Thursday 4 July 2024 07:01 am GMT+01:(KI KINETIC NETWORK INDF.PP.NDENT EXAMINFR'S REPORT ON THE ACCOUNT% FOR THE Ylt AR fl Nl)r.D.I .IUNE 2024 I liavc Lxamined ihc fin