2023-09-30-accounts - Kirby Laing Centre For Public Theology In Cambridge

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Trustees’ Annual Report for the year

from 1 October 2022 to 30[th] September 2023

Kirby Laing Centre for Public Theology in Cambridge

Charity registration number: 1191741

Objectives and Activities

Objectives and Activities

Summary of the purposes of the charity as set out in its governing document	To advance the Evangelical Christian Religion, in particular (but without limitation) through fostering and nurturing Christian scholarship in public theology and ethics that is open to and engaging with society as a whole, and through the development of an intellectual community of Christian scholars, and through publishing research.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	• Monthly or bi-monthly virtual events. • Face to face events at Society of Biblical Literature with Annual Meal attended by some 80 people. • Free publications at popular and accessible levels:The Big Picture(TBP) and_Ethics in_ Conversation. _TBP_is published three times per year, free online and for sale in hard copy. • Frequent speaking engagements by the Director.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	The trustees have had regard to the guidance issued by the Charity Commission on public benefit
Additional information:

Policy on grant making	The charity administers a number of grants to students under different schemes. The charity has adopted procedures for each of the different schemes.
Contribution made by volunteers	The activities of the charity have been enhanced by the contribution of volunteers who have assisted with the coordination of research activities and the development of fundraising.
Other	Research continues to develop, most notably through some 15 research hubs, our Scripture Collective series of books with Zondervan Academic, and the Director's books and writings.

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Achievements and Performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its beneficiaries
and any wider benefits to society
as a whole.

•
The charity has grown significantly in its third
year of independent operation.
•
The number of Associate Fellows has grown to
over 150.
•
Those attending events, reading material, watching
videos or listening to podcasts have been informed
and inspired on matters relating to religion and how
to live well and sustainably.
•
Our events, publications, and research hubs
serve our core constituency of Christians scholars
seeking to orient their work towards how then
shall we live?
•
_The Big Picture_magazine, popular books
showcasing the director’s ideas, and podcasts
are introducing an international public to the
charity’s vision.

Additional information:

Performance of fundraising activities against objectives set	In addition to its multi-year funding from our principal donor, KLC has exceeded its fundraising objectives, bringing in an additional 12% through donations, including a significant grant towards ourarts project.

Financial Review

Review of the charity’s financial position at the end of the year	During the year total income received was £165,301 of which £81,097 was restricted income. Total expenditure was £167,036 of which £80,499 was from restricted funds.
Statement explaining the policy for holding reserves stating why they are held	The charity holds at least two months of financial reserves at all times. It is believed that this is sufficient.
Amount of reserves held	£78,135
Reasons for holding zero reserves	N/A
Details of fund materially in deficit	N/A
Explanation of any uncertainties about the charity continuing as a going concern	There are no current uncertainties about the charity continuing as a going concern in the next financial year.

Additional information:

Additional information:
The charity’s principal sources of funds (including any fundraising)	The charity’s principal source of funds is currently the Kirby Laing Foundation.
A description of the principal risks facing the charity	The charity’s principal risks are: 1. failing to secure further funding from the Kirby Laing Foundation or from alternative sources. 2. the current Director being unable to continue in post and not being able to recruit a successor of similar stature and reputation.

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Structure, Governance and Management

Type of governing document	Constitution
How is the charity constituted?	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	New trustees are appointed by the existing trustees. The existing trustees have active regard to diversity when considering the appointment of new trustees.

Additional information:

Additional information:
Policies and procedures adopted for the induction and training of trustees	New trustees are encouraged to undertake charity trustee training provided by Stewardship Services
The charity’s organisational structure and any wider network with which the charity works	The formal structure of the CIO is that there is a board of trustees overseeing the work of the Director and the contractors who assist him in his work and in the wider activities of the CIO.
Relationship with any related parties	The CIO has developed strategic partnerships with BibleMesh, the Association of Christian Economists, Union Theological College, Belfast and with the Surge Network, Arizona, USA. In addition, the CIO is an Associate Member of the Cambridge Theological Federation.

Reference and Administrative details

Charity name	Kirby Laing Centre for Public Theology in Cambridge
Other name the charity uses	KLC
Registered charity number	1191741
Charity’s principal address	Unit 1 The New Mill House Chesterton Mill French's Road CAMBRIDGE CB4 3NP

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Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
William Paul Olhausen		Resigned 8thMarch 2024
David Halliday McIlroy	Chair
Craig Gerald Bartholomew	Director
Andrew Philip Cambell		Appointed 1stDecember 2022
David Martin James Ball	Treasurer
John Andrew Kirk

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Declarations

The trustees declare that they have approved the trustees’ report above. Signed

on behalf of the charity’s trustees

Signature(s) Full name(s) David Halliday McIlroy Craig Gerald Bartholomew Chair Director Date 23[rd] July 2024

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KIRBY LAING CENTRE FOR PUBLIC THEOLOGY IN CAMBRIDGE	KIRBY LAING CENTRE FOR PUBLIC THEOLOGY IN CAMBRIDGE	KIRBY LAING CENTRE FOR PUBLIC THEOLOGY IN CAMBRIDGE	Charity No.	1191741
Annual accounts for the year
	01-Oct-22	to	30-Sep-23

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £
78,826	78,670	-	157,496	140,635
2,327	2,427	-	4,754	5,410
2,950		-	2,950	289
101			101	88
		-	-	-
84,204	81,097	-	165,301	146,422

	75,558	-	75,558	69,411
62,581	4,941	-	67,522	55,411
14,669		-	14,669	17,702
9,287		-	9,287	9,206
86,537	80,499	-	167,036	151,730

(2,333)	598	0	(1,735)	(5,308)
0	0	0	0	0
(2,333)	598	0	(1,735)	(5,308)
0	0	0	0	0
(1,480)	1,480	0	0	0

0	0	0	0	0
0	0	0	0	0
(3,813)	2,078	0	(1,735)	(5,308)

5,215	74,655	-	79,870	85,178
1,402	76,733	-	78,135	79,870

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Section B Balance sheet as at 30 September 2023	Section B Balance sheet as at 30 September 2023	Section B Balance sheet as at 30 September 2023	Section B Balance sheet as at 30 September 2023	Section B Balance sheet as at 30 September 2023	Section B Balance sheet as at 30 September 2023
Fixed assets Intangible assets Tangible assets Heritage assets Investments *Total fixed assets* Current assets Stocks Debtors Investments Cash at bank and in hand *Total current assets* Creditors: amounts falling due within one year *Net current assets/(liabilities)* *Total assets less current liabilities* Creditors: amounts falling due after one year Provisions for liabilities *Total net assets or liabilities* Funds of the Charity Endowment funds Restricted income funds(Note 3) Unrestricted funds Revaluation reserve *Total funds* Signed by one or two trustees on behalf of all the trustees	Unrestricted funds £	Restricted income funds £	Endowment funds £	Total this year Total last year £ £
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

	-	-	-	-	-
	1,565		-	1,565	11,667
			-	-	-
	4,303	76,733	-	81,036	82,370
	5,868	76,733	-	82,601	94,037

	4,466		-	4,466	14,167

	1,402	76,733	-	78,135	79,870

	1,402	76,733	-	78,135	79,870

	-	-	-	-	-
	-	-	-	-	-

	1,402	76,733	-	78,135	79,870

	-			-	-
		76,733		76,733	74,655
	1,402		-	1,402	5,215
				-
	1,402	76,733	-	78,135	79,870

			Print Name		Date of approval
			Dr David McIlroy		23/07/2024
			Dr Craig Bartholomew		23/07/2024

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Section C

Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

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 in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing
• and with*  their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. Disclosure of any uncertainties that make the going concern assumption doubtful; An explanation as to those factors that support the conclusion that the charity is a going concern;	Not applicable
	Not applicable
	Not applicable

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 1. Yes  * -Tick as appropriate No

Please disclose:

*Please disclose:*
*(i) the nature of the change in accounting policy;*	Not applicable
*(ii) the reasons why applying the new accounting policy* *provides more reliable and more relevant information;* *and*	Not applicable
*(iii) the amount of the adjustment for each line affected* *in the current year, each prior year presented and the* *aggregate amount of the adjustment relating to years* *before those presented, 3.44 FRS 102 SORP.*	Not applicable

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting year (3.46 FRS 102 SORP).

Yes No		* -Tick as appropriate	* -Tick as appropriate

*Please disclose:*
*(i) the nature of any changes;*			Not applicable
*(ii) the effect of the change on income and expense or* *assets and liabilities for the current year; and*			Not applicable
*(iii) where practicable, the effect of the change in one or* *more future years.*			Not applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting year (3.47 FRS 102 SORP).

Yes  * -Tick as appropriate No

Please disclose:

*Please disclose:*
*(i) the nature of theprioryear error;*	Not applicable
*(ii) for each prior year presented in the accounts, the* *amount of the correction for each account line item* *affected; and*	Not applicable
*(iii) the amount of the correction at the beginning of the* *earliest prior year presented in the accounts.*	Not applicable

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Section C Notes to the accounts	Yes No N/a (cont)	Yes No N/a (cont)	Yes No N/a (cont)
Recognition of income Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). 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. Government grants The charity has received government grants in the reporting period 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. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Investment gains and losses The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Note 2 Accounting policies 2.1 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 trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
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2.2 EXPENDITURE AND LIABILITIES

Yes No N/a	Yes No N/a	Yes No N/a
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Section C Notes to the accounts (cont)

Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)
Note 3 Charity funds
Details of material funds held and movements during the year to 30 September 2023
Fund names	Type PE, EE R or U *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General Funds	U	General Charitable Activities - Unrestricted	5,215	84,204	(86,537)	(1,480)	0	1,402
BM&E Research Fund	R	To support a research post in business, marketingand entrepreneurship	3,109		(400)		0	2,709
CM&J Research Fund	R	To support a research post in communications,media andjournalism	2,340	7,175	(10,995)	1,480	0	- 0
Directors Research Fund	R	To support academic research at the discretion of the Director of KLICE	6,865		(2,886)		0	3,979
KLF - Director Fund	R	For the support of the position of Director of KLICE	45,246	50,000	(66,218)		0	29,028
Arts Project	R	Exploring the arts from a Christian perspective, not least through the English face of artway.eu	0	21,494				21,494
Public Leadership Programme - General	R	For student bursaries and support through the KLICE Grantee Scheme	178				0	178
Public Leadership Programme - Anderson/Law	R	For student bursaries and support through the KLICE Grantee Scheme	1,110				0	1,110
Public Leadership Programme - Business Award	R	For student bursaries and support through the KLICE Grantee Scheme	69				0	69
Sinai Project	R	To fund a forthcoming conference and work on the indexes for a forthcoming book on the Sinai event	14,244				0	14,244
Scripture Collective	R	Funds for three annual seminars including an annual meal and related work on aspects of biblical studies	1,495	2,428		0	0	3,923
Total Funds			79,870	165,301	(167,036)	0	0	78,135

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report	Section A Independent Examiner’s Report
Report to the trustees/ members of On accounts for the period ended Set out on pages Responsibilities and basis of report	Kirby Laing Centre for Public Theology in Cambridge (CIO) 30thSeptember 2023 Charity no. 1191741 5 to 10 I report to the trustees on my examination of the accounts of the above charity for theyearended 30thSeptember 2023. As the charity's trustees, you are responsible for the preparation of the 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 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.

Date: 23[rd ] July 2024

Signed: Name: ROBERT ALLIN Relevant professional Institute of Chartered Accountants in England and Wales qualification(s) or body (if any): Address: Milton Hall, Ely Road, Milton, Cambridge, CB24 6WZ

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