The Trustees present their annual report and financial statements for the year ended 31 October 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
The Charity's objectives are:
(a) to advance the Christian faith and values, and
(b) to advance the education of young people through and in the provision of all types of media including, but not limited to, music, art, the written word, radio, television and the internet throughout the world.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
During the year ending 31 October 2025, Kristos continued to look for opportunities to support initiatives and organisations aligned to its vision and mission and supported six projects.
During the year a grant of £8,000 (2024: £26,000) was paid to The Ascent UK which runs a three year discipleship process for young Catholics in years 10-13 who want to embrace their faith and learn how to share it with others. First launched in 2013, the process runs in several locations around the UK, led by a competent team of around 80 volunteers who give over 15,000 hours a year to support the young people in their journeys.
Kristos Media also supported the Catholic Leaders Conversation, which is a joint project with Catholic Voices and aims to bring together Catholic leaders, mostly in their 20-30s, to start a conversation about how best they can be supported, equipped and connected with each other in order to flourish in life, leadership and faith. Kristos Media gave a grant to the project of £1,280 (2024: £8,109) in the year.
During the year a grant of £7,000 (2024: £25,832) was paid to the One Hope Project which is a creative collective of young people encouraging fresh expressions of worship in the church.
During the year a grant of £30,000 was paid to the Celebrate Trust, which provides an annual festival and a continued pathway to support families in faith throughout the year, at home, in school and in their Parish. The grant was towards salary funding for Fundraising and Festival leads to increase capacity and to develop and embed processes to ensure and grow the financial sustainability of the Celebrate Trust.
During the year a grant of £2,000 was paid to an individual to attend the annual Encounter Ministry Conference in Ohio. The conference equips attendees with a deeper understanding of their faith, fosters a sense of community and provides practical tools for Christian ministry. This is in preparation for the individual to launch an Encounter school in London.
During the year a grant of £1,883 was paid to St Vincent's Mission Hub, Sheffield, a young adult focused mission in Sheffield and the Diocese of Hallam to redecorate and refurnish its reception rooms in order to refresh its welcome for the new intake of students at the start of the new academic year.
At 31 October 2025, there is a surplus on reserves of £159,162 (2024: £207,967).
The charity is registered as a charitable company limited by guarantee, incorporated on 25 October 2005 and registered as a charity on 10 November 2005. The company is governed by its Memorandum and Association of Articles.
Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Trustees are invited to join the board by invitation of the members.
The trustees are in contact regularly and meetings are held on a regular basis. The activities are under the overall management and supervision of the trustees, who have been selected due to their particular expertise and knowledge.
In the event that new trustees are appointed they are offered appropriate training and induction based on their level of experience. Trustees are encouraged to read the guidance set out by the Charity Commission on their duties and responsibilities.
The Trustees' report was approved by the Board of Trustees.
The Trustees, who are also the directors of Kristos Media for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
I report to the Trustees on my examination of the financial statements of Kristos Media (the Charity) for the year ended 31 October 2025.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
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 that in any material respect:
accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
the financial statements 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 financial statements 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 financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Kristos Media is a private company limited by guarantee incorporated in England and Wales. The registered office is Douglas Bank House, Wigan Lane, Wigan, WN1 2TB.
The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash at bank and in hand includes cash and short term highly liquid deposits.
The charity 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.
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Amounts due from related undertakings are repayable on demand and are measured at the undiscounted amount due.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Legal status of the Charity
The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is limited to £10.
The charity undertakes its charitable activities through grant making and awarded grants to a number of institutions.
In 2025 the expenditure on charitable activities was £50,163 (2024: £59,941).
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
In 2022 the trustees designated £70,550 of unrestricted funds. £46,000 to The Ascent UK, an organisation that runs a three year discipleship process for young Catholic and, £20,550 to Catholic Voices, an organisation pioneering Catholic Leaders to start a conversation about how best they can be supported, equipped and connected with each other. During the year all outstanding funds have been utilised.
There were no related party transactions for the year ended 31 October 2025.