**REGISTERED COMPANY NUMBER: 07431528 (England and Wales) REGISTERED CHARITY NUMBER: 1139276**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
## Mediaserve Limited
Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Mediaserve Limited
Contents of the Financial Statements for the Year Ended 31 December 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|3|
|Independent Examiner's Report||4||
|Statement of Financial Activities||5||
|Balance Sheet||6||
|Cash Flow Statement||7||
|Notes to the Cash Flow Statement||8||
|Notes to the Financial Statements|9|to|16|
|Detailed Statement of Financial Activities|17|to|18|
Mediaserve Limited
for the Year Ended 31 December 2022
## Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted 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 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity are to advance the Christian religion for the benefit of the public in such parts of the United Kingdom and the world as the trustees may from time to time think fit in accordance with the teachings of the Christian faith as expressed in the Bible, particularly, but not exclusively among Jews.
## **Public benefit**
In planning our activities for the period we kept in mind the Charity Commission guidance on public benefit, at our trustee meetings.
In view of the charity's objectives to advance the Christian religion for the benefit of the public in accordance with the teachings of the Christian faith as expressed in the Bible, particularly, but not exclusively among Jews.
The work of the charity has continued to work in accordance with these aims, seeking to promote the public benefit through the charity's work. This has been done through the distribution of literature to the public which forwards these aims.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity has continued to raise funds from generous donors and these funds have been dispersed successfully in order to make significant progress with its objectives. A new website for the Bible study material "BibleKeys" (18 languages) was developed in 2022. Additional lessons are in progress and it will be finalised in 2023. The charity has also worked with Partner organisations who have raised significant funding for key scripture projects in India, China, Ethiopia, Middle East and several other nations.
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The charity's excess funds are retained in an interest bearing account with the charity's bankers.
## **Reserves policy**
The trustees consider that the charity's reserves should be sufficient to cover the following contingencies in order to facilitate the winding down of its operations whilst minimising the inconvenience to beneficiaries in the event of the charity ceasing to operate on a permanent basis:
- Sufficient funds to meet any liabilities arising from redundancies;
- Three months non-staffing costs to enable termination of contracts with suppliers of goods and services.
## Financial review
The charity continues to function successfully with funds being utilised to fulfil the charity's objectives.
## **FUTURE PLANS**
The trustees intend to continue focussing on developing new and innovative ways of using literature and other means to achieve its objects.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Mediaserve Limited is a charity established on 8th December 1980. The charity was established under a Declaration of Trust, which set out the objects and powers of the charity and was governed by its Trust Deed which was entered on the Charity Commission's central register on 8th December 1980. On 5th November 2010 the charity was incorporated under the Companies Act 2006 and its objects and powers are now delineated by its Memorandum and Articles of Association. The charity is managed by the Board of Trustees.
1
Mediaserve Limited
for the Year Ended 31 December 2022
## Report of the Trustees
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
Trustees are recruited as needed from a diverse number of different backgrounds. Each trustee has relevant experience and a wide skills base which they bring to their service as trustees. In the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Board of Trustees. They are elected to the Board of Trustees by a vote taken by the current trustees.
## **Organisational structure**
Mediaserve Limited has a Board of Trustees of up to six trustees who meet a minimum of two times a year and are responsible for the strategic direction and policy of the charity. At present the committee comprises four trustees. The charity's trustees have control of the charity and its property and funds. Existing trustees may appoint additional trustees to their number, at any time, providing the total number of trustees is a minimum number of three.
## **Induction and training of new trustees**
Once trustees are appointed, time is taken to familiarise them with the practices and requirements they need as trustees. They are also made familiar with all aspects of the charity's work and financial situation. Any further training or induction takes place as the need arises.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07431528 (England and Wales)
## **Registered Charity number**
1139276
## **Registered office**
International House 12 Constance Street London E16 2DQ
## **Trustees**
I Faulds B Kallimel D L Gunn A Liljehall
## **Independent Examiner**
Christopher Vaughan Institute of Chartered Accountants in England and Wales Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
Bankers National Westminster Bank PLC 84 Commercial Road Swindon Wiltshire SN1 5NW
Approved by order of the board of trustees on 21 July 2023 and signed on its behalf by:
2
Mediaserve Limited
ort of the Tn]stees
for the Year Ended 31 DecemE*r 2022
l Faulds- Trnsiee
Independent Examiner's Report to the Trustees of Mediaserve Limited
## **Independent examiner's report to the trustees of Mediaserve Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also 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 your charity's accounts as 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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.
Christopher Vaughan Institute of Chartered Accountants in England and Wales Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA
21 July 2023
4
Mediaserve Limited
## Statement of Financial Activities for the Year Ended 31 December 2022
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
21,557
Other trading activities
3
-
Investment income
4
3,067
Other income
-
**Total**
24,624
**EXPENDITURE ON**
**Charitable activities**
5
Gospel Propagation
146,803
**NET INCOME/(EXPENDITURE)**
(122,179)
**Transfers between funds**
15
380,675
**Net movement in funds**
258,496
**RECONCILIATION OF FUNDS**
Total funds brought forward
176,209
**TOTAL FUNDS CARRIED FORWARD**
434,705|Restricted
funds
£
835,155
-
-
-
835,155
268,410
566,745
(380,675)
186,070
259,870
445,940|31.12.22
31.12.21
Total
Total
funds
funds
£
£
856,712
237,449
-
280
3,067
7,207
-
5,837
859,779
250,773
415,213
201,097
444,566
49,676
-
-
444,566
49,676
436,079
386,403
880,645
436,079|31.12.22
31.12.21
Total
Total
funds
funds
£
£
856,712
237,449
-
280
3,067
7,207
-
5,837
859,779
250,773
415,213
201,097
444,566
49,676
-
-
444,566
49,676
436,079
386,403
880,645
436,079|
|---|---|---|---|
||||250,773|
||||201,097|
||||49,676
-|
||||49,676
386,403|
||||436,079|
The notes form part of these financial statements
5
Mediaserve Limited
## Balance Sheet 31 December 2022
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
888
**CURRENT ASSETS**
Debtors
12
272,830
Cash at bank and in hand
160,987
433,817
**CREDITORS**
Amounts falling due within one year
13
-
**NET CURRENT ASSETS**
433,817
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
434,705
**NET ASSETS**
434,705
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
143,208
306,292
449,500
(3,560)
445,940
445,940
445,940|31.12.22
Total
funds
£
888
416,038
467,279
883,317
(3,560)
879,757
880,645
880,645
434,705
445,940
880,645|31.12.21
Total
funds
£
1,045
2,552
441,777
444,329
(9,295)
435,034
436,079
436,079
176,209
259,870
436,079|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2023 and were signed on its behalf by:
I Faulds - Trustee
The notes form part of these financial statements
6
Mediaserve Limited
## Cash Flow Statement for the Year Ended 31 December 2022
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the end of**
**the reporting period**
2|31.12.22
£
26,389
26,389
26,389
437,330
463,719|31.12.21
£
55,937|
|---|---|---|
|||55,937|
||||
|||55,937
381,393|
|||437,330|
The notes form part of these financial statements
7
Mediaserve Limited
## Notes to the Cash Flow Statement for the Year Ended 31 December 2022
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**Adjustments for:**
Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**
**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents
3.
**ANALYSIS OF CHANGES IN NET FUNDS**|31.12.22
£
444,566
157
(413,486)
(4,848)
26,389
31.12.22
£
249
467,030
(3,560)
463,719|31.12.21
£
49,676
185
1,228
4,848
55,937
31.12.21
£
-
441,777
(4,447)
437,330|
|---|---|---|
||At 1.1.22|Cash flow|At 31.12.22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|441,777|25,502|467,279|
|Bank overdrafts|(4,447)|887|(3,560)|
||437,330|26,389|463,719|
|**Total**|437,330|26,389|463,719|
The notes form part of these financial statements
8
Mediaserve Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
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.
## **Expenditure**
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.
## **Allocation and apportionment of costs**
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
9
Mediaserve Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**OTHER TRADING ACTIVITIES**
Product Sales
**4.**
**INVESTMENT INCOME**
Rents received
Bank Interest
**5.**
**CHARITABLE ACTIVITIES COSTS**
Gospel Propagation
**6.**
**SUPPORT COSTS**
Management
Finance
£
£
Gospel Propagation
15,212
157
**7.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases|31.12.22
£
856,712
31.12.22
£
-
31.12.22
£
2,851
216
3,067
Support
Direct
costs (see
Costs
note 6)
£
£
394,486
20,727
Governance
Other 2
costs
£
£
3,360
1,998
31.12.22
£
157
10,249|31.12.21
£
237,449|31.12.21
£
237,449|
|---|---|---|---|
|||31.12.21
£
280
31.12.21
£
7,197
10
7,207
Totals
£
415,213||
|||Totals
£
20,727
31.12.21
£
185
16,404|Totals
£
20,727|
continued...
10
Mediaserve Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **9. STAFF COSTS**
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Administration
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
28,185
Other trading activities
280
Investment income
7,207
Other income
5,837
**Total**
41,509
**EXPENDITURE ON**
**Charitable activities**
Gospel Propagation
83,808
**NET INCOME/(EXPENDITURE)**
(42,299)
**Transfers between funds**
89,061
**Net movement in funds**
46,762
**RECONCILIATION OF FUNDS**
Total funds brought forward
129,447
**TOTAL FUNDS CARRIED FORWARD**
176,209|31.12.22
£
100,386
2,082
102,468
31.12.22
3
Restricted
funds
£
209,264
-
-
-
209,264
117,289
91,975
(89,061)
2,914
256,956
259,870|31.12.21
£
71,486
2,008
73,494
31.12.21
3
Total
funds
£
237,449
280
7,207
5,837
250,773
201,097
49,676
-
49,676
386,403
436,079|31.12.21
£
71,486
2,008
73,494
31.12.21
3
Total
funds
£
237,449
280
7,207
5,837
250,773
201,097
49,676
-
49,676
386,403
436,079|
|---|---|---|---|
||||250,773|
||||201,097|
||||49,676
-|
||||49,676
386,403|
||||436,079|
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
11
Mediaserve Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022 and 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 14)
Accrued expenses
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts|31.12.22
£
2,402
413,636
416,038
31.12.22
£
3,560
-
3,560
31.12.22
£
3,560|Fixtures
and
fittings
£
14,205
13,160
157
13,317
888
1,045
31.12.21
£
2,552
-|Fixtures
and
fittings
£
14,205|
|---|---|---|---|
||||13,160
157|
||||13,317|
||||888|
||||1,045|
|||2,552||
|||31.12.21
£
4,447
4,848
9,295
31.12.21
£
4,447||
continued...
12
Mediaserve Limited
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **15. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Bibles
Omega Project
India
Scriptures for Jews
Ethiopia
China
Ukraine
Burma
Other
Farsi
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**Restricted funds**
Omega Project
India
Ethiopia
China
Ukraine
Other
Farsi
**TOTAL FUNDS**|At 1.1.22
£
176,209
(3,326)
23,581
5,979
(234)
32,041
130,965
(887)
30,995
28,524
12,232
259,870
436,079
follows:|Net
movement
in funds
£
(122,179)
-
6,632
26,095
-
67,571
6,178
7,892
-
(3,920)
456,297
566,745
444,566
Incoming
resources
£
24,624
9,308
82,979
70,960
12,995
8,270
-
650,643
835,155
859,779|Transfers
between
At
funds
31.12.22
£
£
380,675
434,705
-
(3,326)
(2,792)
27,421
(24,894)
7,180
-
(234)
(21,288)
78,324
(3,899)
133,244
(2,481)
4,524
-
30,995
-
24,604
(325,321)
143,208
(380,675)
445,940
-
880,645
Resources
Movement
expended
in funds
£
£
(146,803)
(122,179)
(2,676)
6,632
(56,884)
26,095
(3,389)
67,571
(6,817)
6,178
(378)
7,892
(3,920)
(3,920)
(194,346)
456,297
(268,410)
566,745
(415,213)
444,566|
|---|---|---|---|
continued...
13
Mediaserve Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **15. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
129,447
(42,299)
**Restricted funds**
Bibles
(3,326)
-
Omega Project
28,042
(536)
India
5,918
4,558
Scriptures for Jews
(234)
-
Ethiopia
19,421
20,877
China
123,255
11,072
Ukraine
(892)
7
Burma
30,934
87
Other
53,838
55,910
Farsi
-
-
256,956
91,975
**TOTAL FUNDS**
386,403
49,676
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
41,509
**Restricted funds**
Omega Project
13,082
India
14,991
Ethiopia
27,524
China
11,206
Ukraine
7
Burma
88
Other
142,366
209,264
**TOTAL FUNDS**
250,773|Transfers
between
At
funds
31.12.21
£
£
89,061
176,209
-
(3,326)
(3,925)
23,581
(4,497)
5,979
-
(234)
(8,257)
32,041
(3,362)
130,965
(2)
(887)
(26)
30,995
(81,224)
28,524
12,232
12,232
(89,061)
259,870
-
436,079
Resources
Movement
expended
in funds
£
£
(83,808)
(42,299)
(13,618)
(536)
(10,433)
4,558
(6,647)
20,877
(134)
11,072
-
7
(1)
87
(86,456)
55,910
(117,289)
91,975
(201,097)
49,676|
|---|---|
continued...
14
Mediaserve Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Bibles
Omega Project
India
Scriptures for Jews
Ethiopia
China
Ukraine
Burma
Other
Farsi
**TOTAL FUNDS**|At 1.1.21
£
129,447
(3,326)
28,042
5,918
(234)
19,421
123,255
(892)
30,934
53,838
-
256,956
386,403|Net
movement
in funds
£
(164,478)
-
6,096
30,653
-
88,448
17,250
7,899
87
51,990
456,297
658,720
494,242|Transfers
between
funds
£
469,736
-
(6,717)
(29,391)
-
(29,545)
(7,261)
(2,483)
(26)
(81,224)
(313,089)
(469,736)
-|At
31.12.22
£
434,705
(3,326)
27,421
7,180
(234)
78,324
133,244
4,524
30,995
24,604
143,208
445,940
880,645|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
66,133
**Restricted funds**
Omega Project
22,390
India
97,970
Ethiopia
98,484
China
24,201
Ukraine
8,277
Burma
88
Other
142,366
Farsi
650,643
1,044,419
**TOTAL FUNDS**
1,110,552|Resources
Movement
expended
in funds
£
£
(230,611)
(164,478)
(16,294)
6,096
(67,317)
30,653
(10,036)
88,448
(6,951)
17,250
(378)
7,899
(1)
87
(90,376)
51,990
(194,346)
456,297
(385,699)
658,720
(616,310)
494,242|
|---|---|
15
continued...
Mediaserve Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
## **17. ULTIMATE CONTROLLING PARTY**
The charity is controlled by its trustees who are named on page 1. No individual exercises overall control.
## **18. DEPRECIATION**
Fixed assets costing more than £1000 are capitalised at cost.
## **19. RESTRICTED FUNDS**
The charity's restricted funds have the following purposes:-
i) Bibles
Fund utilised to provide bibles to the beneficiaries of the charity.
ii) Omega Project
A project aimed at providing a free bible to every jewish home in Russia and Ukraine. iii) India
Funds utilised for printing and distributing "The Secret of True Life" in seven Indian languages. They are also used in the same connection for New Testaments and "The Gate of Life" bible study material.
iv) Jewish Scriptures
Funds used for printing and distributing New Testament editions for Jewish people which include an introductory section on how to develop a personal relationship with God. v) Ethiopia
Fund used for printing and distributing bibles written in the Amharic language. This bible contains special features for Jews and Muslims as well as for general distribution. vi) China Fund employed for printing and distributing scriptures in China, including bible keys. vii) Ukraine Distribution of Russian King and Jewish bibles to Ukraine. viii) Burma Distribution of Burmese bibles.
ix) Farsi
Fund employed for printing and distributing bibles in the Farsi language. x) Other
Small funds to advance the charity's objectives in various locations.
16
Mediaserve Limited
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|856,712|237,449|
|**Other trading activities**|||
|Product Sales|-|280|
|**Investment income**|||
|Rents received|2,851|7,197|
|Bank Interest|216|10|
||3,067|7,207|
|**Other income**|||
|Government COVID grant|-|5,837|
|**Total incoming resources**|859,779|250,773|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|100,386|71,486|
|Pensions|2,082|2,008|
|Rent|10,249|16,404|
|Utilities|799|590|
|Insurance|30|497|
|Advertising|1,509|-|
|Sundries|5,072|3,807|
|Project Costs|273,260|90,466|
|Foreign exchange differences|-|(1,648)|
|Professional fees|1,099|1,637|
||394,486|185,247|
|**Support costs**|||
|**Management**|||
|Administration|6,733|6,708|
|Office costs|8,479|7,095|
||15,212|13,803|
|**Finance**|||
|Depreciation of tangible fixed assets|157|185|
|**Other 2**|||
|Travelling|3,360|71|
|**Governance costs**|||
|Bank charges|1,998|1,791|
This page does not form part of the statutory financial statements
17
Mediaserve Limited
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 December 2022|||
|---|---|---|
||31.12.22|31.12.21|
||£|£|
|Total resources expended|415,213|201,097|
|**Net income**|444,566|49,676|
This page does not form part of the statutory financial statements
18