Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-3158329852893658329832022-08-01falseNo description of principal activity42023-07-31 08609055 2022-08-01 2023-07-31 08609055 2021-08-01 2022-07-31 08609055 2023-07-31 08609055 2022-07-31 08609055 2022-08-01 08609055 2021-08-01 08609055 c:RegisteredOffice 2022-08-01 2023-07-31 08609055 d:PlantMachinery 2022-08-01 2023-07-31 08609055 d:PlantMachinery 2023-07-31 08609055 d:PlantMachinery 2022-07-31 08609055 d:MotorVehicles 2022-08-01 2023-07-31 08609055 d:MotorVehicles 2023-07-31 08609055 d:MotorVehicles 2022-07-31 08609055 d:FurnitureFittings 2022-08-01 2023-07-31 08609055 d:FurnitureFittings 2023-07-31 08609055 d:FurnitureFittings 2022-07-31 08609055 d:ComputerEquipment 2022-08-01 2023-07-31 08609055 d:ComputerEquipment 2023-07-31 08609055 d:ComputerEquipment 2022-07-31 08609055 d:CurrentFinancialInstruments 2023-07-31 08609055 d:CurrentFinancialInstruments 2022-07-31 08609055 c:FRS102 2022-08-01 2023-07-31 08609055 c:IndependentExaminationCharity 2022-08-01 2023-07-31 08609055 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08609055 b:Trustee1 2022-08-01 2023-07-31 08609055 b:Trustee2 2022-08-01 2023-07-31 08609055 b:Trustee3 2022-08-01 2023-07-31 08609055 b:Trustee5 2022-08-01 2023-07-31 08609055 b:UnrestrictedFundsGeneral 2022-08-01 2023-07-31 08609055 b:UnrestrictedFundsGeneral 2021-08-01 2022-07-31 08609055 b:UnrestrictedFundsGeneral 2023-07-31 08609055 b:UnrestrictedFundsGeneral 2022-07-31 08609055 b:Activity1 2022-08-01 2023-07-31 08609055 b:Activity1 2021-08-01 2022-07-31 08609055 b:Activity1 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 08609055 b:Activity2 2022-08-01 2023-07-31 08609055 b:Activity2 2021-08-01 2022-07-31 08609055 b:Activity2 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 08609055 b:Activity3 2022-08-01 2023-07-31 08609055 b:Activity3 2021-08-01 2022-07-31 08609055 b:Activity3 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 08609055 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 08609055 b:TotalUnrestrictedFunds 2021-08-01 2022-07-31 08609055 b:TotalUnrestrictedFunds 2023-07-31 08609055 b:TotalUnrestrictedFunds 2022-07-31 08609055 c:FullAccounts 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 08609055
Charity number: 1154816











SHALOM MEDIA UK LIMITED
(A company limited by guarantee)








UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the company, its Trustees and advisers
1
Trustees' report
2 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Statement of cash flows
7
Notes to the financial statements
8 - 16

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JULY 2023


Trustees
Santo Thomas
Tibymon Thomas
Anoop Kurian
Biju George

Company registered number
08609055

Charity registered number
1154816

Registered office
845 Barnsley Road
St Patricks Presbytery
Sheffield
South Yorkshire
S5 0QF

Accountants
James Cowper Kreston
Chartered Accountants and Statutory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS

Bankers
Barclays Bank
Leicester
LE87 2BB

Solicitors
Silk Route Legal
15 Old Bailey
London
EC4M 7EF

Page 1

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JULY 2023

The Trustees present their annual report together with the financial statements of the company for the 1 August 2022 to 31 July 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2019) as amended by Update Bulletin 1 (effective 1 January 2019).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Management
The charity is constituted as a company that is governed by the articles of Association. The management of the company is carried out by the following trustees:
1. Santo Thomas, 
2. Tibymon Thomas, 
3. Anoop Kurian, 
4. Biju George
Trustees are responsible for the charity’s general management.
Trustees hold monthly meetings to evaluate company activity and to form development plans.
Trustees authorise the expenses prior to payment, and monitor receipts to ensure that the charity’s exposure to the risk of error and/or fraud is reduced to a minimum. 
Objectives
The charity’s primary aim is to promote the Christian faith among all people, particularly those within the Catholic Church, through various forms of modern media, such as: the internet, television, magazines, books, etc. The charity also aims to conduct regular spiritual retreats & seminars throughout the UK, for Christians and for those interested in Christian spirituality. Every year, the trustees review charity activity to ensure that it continues to meet its objectives. In carrying out this review the trustees have considered The Charity Commission’s general guidance on public benefit. Shalom issues two magazines – Shalom Times (Monthly) and Shalom Tidings (Bimonthly) - and a newspaper - Sunday Shalom (Biweekly). The articles in these publications aim to assist the public in leading an ethical life informed by Christian values, and to strengthen the faith and commitment of individual Christians. Written from a personal perspective, these articles provide a platform for people to share their struggles and conflicts, to overcome personal obstacles and build better relationships with others.
Shalom Times magazine and Sunday Shalom newspaper, are not printed but published online for free use. However, continued the printed version of Shalom Tidings magazine for free subscription and postage to those requesting.
During this year, three seminars were organised for members of Shalom Media, including inspiring talks about leading a healthy family life informed by Christian values. We believe all these contribute to public benefit.
Financial Review
The charity’s main income is from the donations of its members.
 
The charity’s major expenditure is in the media productions, printing and postage of its magazines and newspaper, and towards the organizing of conferences, retreats and festivals, as well as administration. The excess of income over expenditure for the current year is £(27,181) (for 2022, it was £1,887)
The Trustees have set a level of reserves around £75,000 to cover at least four months of expenditure. The actual level of reserves at the year end was £264,468.
 
Page 2

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)
 

Producing Video Programs
Shalom Media UK Ltd continues to produce video program mainly for Shalom World Europe channel as well as SW Prayer channel. Identification of resources for the program is an important responsibility of all involved.  The number of productions have increased, requiring to travel at various locations in the country. The video contents that were produced, have been broadcasted online, and are available on demand, via its website, www.shalomworldtv.org/ and on Shalom world TV.  
The programs aim primarily to support the lives and strengthen the faith of individual Catholics, through educational & spiritual stories and talks from Catholic priests, religious, and laypeople. These videos are available to the public for free, and provide education about Christian values, Catholic Church and its teaching. In general, they foster positive values and encourage ethical living.
Future plans 
The charity intends to increase its income from donations through organising various events and outreach programs. Such programs are planned at various locations.
In the coming year, Shalom Media will be focussing on increasing the number of productions such as documentaries on the church history as well as various other programs from the country and to make them available freely on the television, internet, and apps.
Methods used to recruit and appoint new Trustees
The trustees review annually whether there are any skills gaps on the board and advertise trustee vacancies as they arise.
 

 

Approved by order of the members of the board of Trustees and signed on their behalf by:



................................................
Tibymon Thomas
Date: 19 April 2024
Page 3

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JULY 2023

Independent Examiner's Report to the Trustees of Shalom Media UK Limited ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 July 2023.


Responsibilities and Basis of Report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').


Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.


Independent Examiner's Statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.


I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:


1.
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2.
the accounts do not accord with those records; or

3.
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].



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.


This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.




Signed:      Dated: 22 April 2024

Alexander Peal BSc (Hons) FCA DChA     

James Cowper Kreston
Chartered Accountants and Statutory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
Page 4

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2023


Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
Note
        £
        £
        £

Income from:






Donations and legacies

3

249,529

249,529

179,141
 
Charitable activities

4

29,992

29,992

6,974
 
Total income
279,521
279,521
186,115
Expenditure on:






Charitable activities

5

306,702

306,702

184,228
 
Total expenditure
306,702
306,702
184,228

Net movement in funds
  
(27,181)
(27,181)
1,887

Reconciliation of funds:

  




Total funds brought forward

  

291,649

291,649

289,762
 
Net movement in funds

  

(27,181)

(27,181)

1,887
 
Total funds carried forward
  
264,468
264,468
291,649

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

Page 5

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 08609055


 
BALANCE SHEET
AS AT 31 JULY 2023


2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 9 
34,133
35,544

  
34,133
35,544

Current assets
  

Debtors
 10 
92,526
1,367

Cash at bank and in hand
  
142,341
260,585

  
234,867
261,952

Creditors: amounts falling due within one year
 11 
(4,532)
(5,847)

Net current assets 
  
 
 
230,335
 
 
256,105

Total assets less current liabilities
  
264,468
291,649

Total net assets 
  
264,468
291,649


Charity funds
  

Unrestricted funds
 12 
264,468
291,649

Total funds
  
264,468
291,649

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:



Tibymon Thomas

Date: 19 April 2024


The notes on pages 8 to 16 form part of these financial statements.

Page 6

 
SHALOM MEDIA UK LIMITED
 
(A company limited by guarantee)


 
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2023

2023
2022
£
£

Cash flows from operating activities

Net cash used in operating activities (note 14)

(112,786)
9,831

Cash flows from investing activities

Purchase of tangible fixed assets
(5,458)
(27,620)

Net cash used in investing activities

(5,458)
(27,620)

Change in cash and cash equivalents in the year
 
(118,244)
 
(17,789)

Cash and cash equivalents at the beginning of the year
260,585
278,374

Cash and cash equivalents at the end of the year
142,341
260,585

The notes on pages 8 to 16 form part of these financial statements

Page 7

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The company is a company limited by guarantee, registered in the UK. It's registered office is disclosed on the reference and administrative details of the company page. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Shalom Media UK Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

Page 8

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

2.3

Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

 
2.4

Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on the following bases.

The rates of depreciation are as follows:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
20% straight line
Fixtures and fittings
-
25% straight line
Computer equipment
-
33% straight line

  
2.5

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company: this is normally on notification of the interest paid or payable by the Bank.

  
2.6

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.  Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.8

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 9

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

  
2.9

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.10

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year

  
2.11

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.


3.

Income from donations and legacies




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
 


 
Donations

249,529

249,529

179,141
 
Total 2022


179,141
179,141


4.

Income from charitable activities




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Income from charitable activities - Subscription income

8,629

8,629

3,785
 
Income from charitable activities - Conferences and events income

21,363

21,363

3,181
 
Income from charitable activities - Other income

-

-

8
 
Total 2023


29,992
29,992
6,974
Total 2022


6,974
6,974

Page 10

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.

Analysis of expenditure by activities





Activities undertaken directly
2023
Support costs
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
        £





Charitable activities

214,994

91,708

306,702

184,228
 
Total 2022


117,655
66,573
184,228


Analysis of direct costs



Total
funds
2023
Total
funds
2022
        £
        £



Magazine costs

14,381

16,174
 
Meeting and programme expenses

30,712

10,811
 
TV broadcasting expenses

169,901

90,670
 


214,994
117,655

Page 11

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.Analysis of expenditure by activities (continued)

Analysis of support costs



Total
funds
2023
Total
funds
2022
        £
        £



Staff costs

53,319

28,881
 
Depreciation

6,869

7,257
 
Travel

897

1,167
 
Printing, postage and stationery

6,608

9,300
 
Telephone

1,952

1,738
 
Legal and professional fees

1,094

998
 
Other costs

8,513

7,736
 
Rent

6,550

4,950
 
Bank charges

(61)

323
 
Difference on foreign exchange

(238)

-
 
Advertising costs

291

-
 
Repairs and maintenance

2,720

1,303
 
Studio expenses

682

244
 
Motor expenses

662

1,824
 
Governance costs

1,850

852
 


91,708
66,573


6.

Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,850 (2022 - £1,800).

7.



Staff costs


2023
2022
£
£


Wages and salaries
53,319
28,881

53,319
28,881

The average number of persons employed by the company during the year was as follows:


2023
2022

No.
No.


4
3

Page 12

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.



Key management personnel comprised the directors. None received any remuneration in the year (2022 - £nil)


8.


Trustees' remuneration and expenses

During the year ended 31 July 2023, no Trustees received any remuneration or other benefits (2022: £nil).

During the year ended 31 July 2023, no Trustee expenses have been incurred (2022 - £nil).


9.


Tangible fixed assets




Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£


Cost or valuation

At 1 August 2022
41,413
26,663
3,825
4,797
76,698

Additions
5,458
-
-
-
5,458


At 31 July 2023

46,871
26,663
3,825
4,797
82,156


Depreciation

At 1 August 2022
29,248
3,333
3,776
4,797
41,154

Charge for the year
3,520
3,333
16
-
6,869


At 31 July 2023

32,768
6,666
3,792
4,797
48,023


Net book value


At 31 July 2023
14,103
19,997
33
-
34,133


At 31 July 2022
12,165
23,330
49
-
35,544

Page 13

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.



Debtors


2023
2022
£
£


Due within one year

Other debtors
92,526
1,367

92,526
1,367


11.



Creditors: Amounts falling due within one year


2023
2022
£
£


Other taxation and social security
1,232
2,555

Other creditors
441
570

Accruals and deferred income
2,859
2,722

4,532
5,847


12.

Statement of funds


Statement of funds - current year

Balance at 1 August 2022
£
Income
£
Expenditure
£
Balance at 31 July 2023
£

Unrestricted funds





General Funds - all funds

291,649

279,521

(306,702)

264,468
 



Statement of funds - prior year

Balance at
1 August 2021
£
Income
£
Expenditure
£
Balance at
31 July 2022
£

Unrestricted funds





General Funds - all funds

289,762

186,115

(184,228)

291,649
 




Page 14

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

13.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2023
Total
funds
2023
        £
        £


Tangible fixed assets

34,133

34,133

Current assets

234,867

234,867

Creditors due within one year

(4,532)

(4,532)

Total 


264,468
264,468



Analysis of net assets between funds - prior year

Unrestricted funds
2022
Total
funds
2022
        £
        £


Tangible fixed assets

35,544

35,544

Current assets

261,952

261,952

Creditors due within one year

(5,847)

(5,847)

Total 

291,649
291,649


14.



Reconciliation of net movement in funds to net cash flow from operating activities


2023
2022
£
£

Net income/expenditure for the year (as per Statement of Financial Activities)



(27,181)

1,887

Adjustments for:

Depreciation charges
6,869
7,257

Increase in debtors
(91,159)
(984)

Increase/(decrease) in creditors
(1,315)
1,671

Net cash provided by/(used in) operating activities
(112,786)
9,831


Page 15

 
SHALOM MEDIA UK LIMITED

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

15.



Analysis of cash and cash equivalents


2023
2022
£
£

Cash in hand
142,341
260,585

Total cash and cash equivalents
142,341
260,585


16.



Analysis of changes in net debt





At 1 August 2022
Cash flows
At 31 July 2023
£
£

£

Cash at bank and in hand

260,585

(118,244)

142,341


260,585
(118,244)
142,341



17.


Related party transactions


The company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the company at 31 July 2023 (2022: £nil).


18.


Controlling party

The ultimate controlling party is the Trustees as detailed on page 1 of the accounts.

Page 16