REGISTERED COMPANY NUMBER: 07431528 (England and Wales) REGISTERED CHARITY NUMBER: 1139276 rt o.f the Tru%tee.% dnd Un&uditL'd FinanLial Statcnicnls for tlic YLar EndLd 31 Dcccmbcr 2024 for Mediaserve Lid Cliris VauLihan Accounlanls 195 Erinin StrLLt Swindon Wiltshire SN3 4NA
Mediaserve Ltd Contents of the Financial Sialeinenis for thc Ycai. Ended 31 DcLLmbLr 2024 PagL Report of the Trustees Independenl Examinevs Reporl Stateinenl ot Financial Activities Bulance Slieet c.ash Flow Sidtement Note) lo the Cash Flow Statement Noies io ihe Financial Staieinenls 9 10 16
Mediaserve Ltd (Re istered nLunber- 074.11528) ort of Ilie Trustees for thL YLdr EndLd 31 DcLLmbLr 2024 The Irustees who are also directors of the cliarity for th¢ purtK)5es of the Compaiiies Act £006, present their report with the financial staiemenls of the charity for the year ended .31 December 2024. The trustees have adopted the provisions of Accounting and RLPOrting by Chttritie%.' StatcmLnt uf RILommcndcd PrnLtiLc appliLthblL to LharitlL.% prLparing Ihcir llLLount% in aLLordLl, With the Financial Reporting Starbdard applical)le iii tlie UK aiid Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objeetlves and alms Thc objLLls of IhL Lharily arc to advanLL thL C'hristian rLligion for Ihc bLnLfit of thL publiL' in SULh pans ot- thc Unitcd Kingdoin aiid the world as the Irustees may troin liime lo time think lit in accordance with Ihe teacliings ot the Christian faith as expressed in the Bible, partiLularly. bul not exclusively among Jews. Public benefit In planning our aLlivitics tor thL pcriod WL kept in mind thL Charity C'oniinission guidancc on public bcnLtIt, al our trustce mcctings. In view ot Ihe charity's objectivei to advance the Christian religion for the benetil ot. the public in accordance with tlie teachings ot. the Christian faith as expr¢ss¢d in ihe Bibl¢, particularly, but not exclusively among Jews. Tlie work of the cliiiritv lias continueil lo work in accordance with these aim%: seeking lo promote the public benefit through the charily's work. This has been done througTh Ihe dislribulion of literature lo tl)e public which for¥vards these aims. ACHIEVEMENT AND PERFORMANCE Charltable #ctlvltles Tlie ¢hai-ity hd4 coniinued to ruièie lund% t'rom ¥enerou% donor% and the.%e t'unds have been disrer4ed %ucce%.¥tully in order lo make significani progress wilh lis objectives. A new websiie for the Bible study series BibleKeys-wiih ihe firsi book {Tli¢ Gale 10 Life) available iii 18 languages and 20 addilional lessons iii Eiiglish-was Ltsmpleted in Decembei. 2U24. The churily l)as als() worked with Partner orgvanisalions wlio have raised si&iiiificant lundinbi for key scripture proj¢¢is in Ii)dia, Nepal. Ukraii)e. Chiiia, Eihiopia, and several other nations. FINANCIAL REVIEW Inve51meiit polie.y objeetives The charily'q excess tunds are ret1( ined in ali iiilerest beariii&v accouni with the ¢harily'8 bankers. Reserves pvli¢} The Iruslees consider that the charity's reserves should be sufficient ¢0 Cover the following contingencies in order lo facililale the winding down of ils operations whilst minimising the inconvenience 10 beneficiaries in the event ol. the charity ceasing to operate on a peiThanent basis.. Sufficient funds lo meet any liabilities arising from redundaneies. Thrui nionths non-%tdffin¥ LO4t% to LndblL' tLI'IMilldiiun ot LonlrdLl% with %upplicr% uf ¥oud% and sL'rviL'L's. Financial review The charity continues lo functioll successfully with funds being utilised to t"ulfil the charity's objeclives.The Trustees have used general funds lo conipleie or expand Certain projecls wher¢ r¢sirici¢d funds were insufficient. FUTURE PLANS The Iruslees inleiid lo continue focussing on developiiig new and innovative ways of using literature and othei. means to achieve ils objects. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The iharily is Lonlrolled by ils governing document, a deed of trLlSt. and constitutes a limited company, limii¢d by guarantee. as (lelined by the Coinpanie4 Act 20n6. MLdiaservc Liinilcd is a eharity Lstablishcd on 8th DLLLmbcr 1980. ThL Lharity was cst2blishcd ter a DcLlaration ot- Trust, which sel out the objects and powers ot the charity and was governed by ils Trust Deed which was entered on tlie C.harily Commission's centrnl register on 8th DeLeinber 1980. On 5tli Noi'ember 2010 the charity was incorporated under the Companies Act 2006 and its objecL% and powers are now deliiiedted b}. its. Memorandum dnd Articles Dt" A.%50¢iUtion. The ch&rity 1% Inandgyed by the Board ot Trustees.
Mediaserve Ltd (Re istered nLunber- 074.11528) ort of Ilie Trustees for thL YLdr EndLd 31 DcLLmbLr 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultmenl *nd appointment of new trustees TruiieL% rcLruilLd Lk% nLed¢d from a divernc nutnbLr ol" differLnt bdLlc¥round.%. EuLh trustee rLILvani expLrienLL dnd u wide skillf base which they bring lo their service as trustees. In the event of particular ski Ils being losl due io relii'ements, individuals are pproached lo offer themselves for election to the Board of Trustees. They are elected to the Board of Trusteeb by a vote taken by the current trusteeb. Orgmnisatinnal strii¢ture Mediaserve Liniiled has a Board of'Trustees of'up to SIX trustees who illeet a minirnum of'two times a year and are responsible for the tralegie direLlion and poliLy of the charity. At present the cominitlee comprises lour trustees. Tlie charity's Iru%lee% h(Ive control of tlie charity aiid ils prop¢rty and fund%. Existing trustee% Inay appoint additional tru%tees to their nuinber. al an J lime, providing the lolal nutnber of Iruslees is a niinimum niiinb¢r of Ihree. Induction and training of new trustees Once trustees are appoinled. lim¢ is taken to familiarise them with the practices and requirements they iie¢d as Iwstees. Th¢y ar¢ also made t.umil iar with dll d%pecl% of the chariiy's work and finuncidl situation. Any further training or inductioll luke% pldce the need arises. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number Q7411 $28 (En¥liiiid Ancl Wille%) Registered Ch4rit)' number 1139276 Re¥ifjtered U1¢¥ Inlernalioiial House 12 L"onslance Street London E162DQ Trustees l Faijlds B Kallimel DLGunn A LiljLhdll (rL'signLd 31.1.251 Independent Examiner Christoplier Vaug,lian Cliris Vaughan ALLountanl 195 Ennin Street Swindon Wiltshire SNI 4NA Bankers National Westminster Bank PLC 84 Cnmmercial Road Swindon Wiltshirc SNI 5NW Approved by order oftlie bodrd ol'trustee% on 26 June 2025 dnd %i&yned on IL% behall'by-
Mediaserve Ltd (Re istered nLunber- 074.11528) ort of Ilie Trustees for thL YLdr EndLd 31 DcLLmbLr 2024 l Faulds - Trustee
Inde endenl Examiiief s Re Mediaserve Ltd ort io the Trustees of Independent examiner's report to the trustees of Mediaserve Ltd ('the Compan),) I report to the charity trustees ov] my exaillination of the accounts of the Coinpany for the year ended .31 December 2024. Re5ponsibilitie5 and bgsi5 of report As the charit} s Iruslees ol the Coinpany {aiid also ils directors for the purposes of company law) yOLi are responsible for Ilie prcpurutiun uf the acLuunt% in alLrdance with the requiremlt% uf thc Coinpunie% ALt 2006 ('thL 20U6 Act,). H&ving salisfi=d myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 ALt and are eligFibl¢ t.or independ¢iil examiiiatioii, I report iii respect of my examination of your charity's account5 a5 carried out under Section 145 of the C'harities Aci 2011 ('Ihe 201 l Act,). In carrying out my examinalion I have followed the Directions given by the C.harily Q'.ommission under ScLtion 145(51 (b) of the 201 I ALt. Independent examlner's stxtement Since your charity'% gFro%% income exceeded £25n,000 your examiner mu4t be a member of a listed body. I can contirm that l ain qualified 10 iinderiake rhe exaniinalion because l ain a meimber of Ilie Inslilule of Chariered Accounlanis in England and Mlales, whiLh is onc ot Ihc listcd bodicts. I hav¢ completed tny examination. I confinn thal no tnalters hav¢ come lo iny attention in ¥onnection willi th¢ exainination giving me cau%e lo bel ieve.. fACLounting reLords were not kept in respeLI of the Company as required by SeLtion 386 (jf the 20U6 Act; or the accounts do not acco1 with those records.. or the accoiints do noi coinply with the accoiinling reqiiirements of Seciion 396 of the 2006 A¢1 other than any requirement thai the dCCOLini% giwe d true and t'uir i'iew whicli is not d llidller considered IL4 Part ot dl) independent exLJn)indlion; or Ihe accounis have noi been prepared in accordance wilh ilie merliods and prinkniples of ihe S(a(einenT of Recommended PraLtiLe ftsr aLiouiiling And reporting by charities (appliLable to Lharilies preparing their acLounls ill accordance with the Fiiiancial Reportin&y Standard applicable in the UK ai)d Republ ic of Ir¢laiid (FRS 102)). I liuve no ¢unLerns und have Lvme no uiher Imatters in ¢onlleLliun with the exdiMin&tion to whilh allenliun %hoLild be drdwn in this report in order to enable a proper understanding of ¢he accounts lo be reached. Chri%tophL'r Vaugliun The Iiistitute of Chartered Accounlanis in England and Wales Chris Vaughaii Accounlanis 195 Ermin StrL'Lt Swindon Wiltshire SN3 4NA 26 JunL 2025
Mediaserve Ltd Statement of Financial Aclivities for thL YLdr EndLd 31 DcLLmbLr 2024 31.12.24 Total funds 31.12.23 Total fiinds Unrestricted lund Restricted funds INCOME AND ENDOWMENTS FROLWI Donatloiis and legaLies 12,170 475,121 481,291 249,950 Investment income 'I'otal 2,874 4YII 165 15.IH4 257.3 EXPENDITURE ON Charitable activitie5 Gospel Propagativ 152 496 310908 323 666 NET INCOMEI(EXPENDITURE) Transfers between funds Net movement in funds {137,452) 149,613 12,161 104,213 149 611} (45,400) (3i.239} (71,783) 12 {3i.239} (71,783) RECONCILIATION OF FUNDS Total funds broughi forward 40.1,974 404,888 808,862 880,645 TOTAL FUNDS CARRIED FORWARD 416 135 349488 775 623 808 862 The notes fonn parl of iliese finaneial statements
Mediaserve Ltd (Re istered nLunber- 074.11528) Balance Sheel 31 DcLLmbLr 9024 31.12.24 Total funds 31.12,23 Total fiinds Unrestricted lund Restricted funds FIXED ASSETS Tangible assets 10 642 642 755 CURRENT ASSETS Dcbior Cash al bank and in hand 2,054 412 839 415,493 2,654 77• 327 774,981 349 488 3q9,488 805 435 808,107 NET CURRENT ASSETS 415 493 349 488 774 981 808 107 TOTAL ASSETS LESS CURRENT LIABILITIES 416,135 3q9,488 775,623 808,8fi2 NIT ASSITS FUNDS Unrestricted funds RestriLled funds TOTAL FUNDS 416 135 349 488 775 623 808 [462 12 416,135 359,488 775 623 403,974 808 >Sb2 The vharilable conipanv is enliiled 10 exemption from audit under Section 477 of the C,ompanies Act 2006 for the year ended 31 December 2024. Tlic mLmbcrs havL not rL'quircd IhL company lo obtain audit ot" itli financial 4talLmcnls t.or Ihc ycar cndcd 31 Dcccmbcr 2024 in accordance with Section 476 of the Companies Act 2006. The Irusiees acknowledge their responsibiliiies for cn8uring that Ihc charitable company kccps accounting rcLords that coinply with SLclion$ 3146 and 317 of thL Companics Act 2006 and preparing financial statements which give a Irue and fair view of the slate of affairs of the charitable company as ai the end ot edch findncial yedr and f)t il% %Lirplus or deticil lar eacli fiiidncial year in dCCOI-ddnce with the requirenient% ot. section 394 and .195 and which otherwise comply with Ilie requireinenls of the Coinpanies Act 2006 relating lo financial slalemenls, so far as applicablL to the Lhdritdblc conlpdny. (b) These financial statements have been prepared in accordance with the provisions applicable to Lharitable coinpanies subject to the %mdll coinpLinie% regiine. The tinancial stateinenly were approved by the Board ol. TnL8tees and authorised tor issue 011 26 June 2025 and were si&ined on its behalf by.. l Faulds - Tru%tee The notes fonn parl of iliese finaneial statements
Mediaserve Ltd Cash Flow Sialemenl for thL YLdr EndLd 31 DcLLmbLr 2024 31.12.24 31.12.23 Notes Cthsh llows from operthting a¢tiviti¢$ Cash generated froni operatioiis Interest paid Net cash (used in)/provided by operating activities (3.3,069) 39 341,716 341 716 Chan%LD in r45h and Lash equivslents in the reportln% perlod Cash and cash equivalents at the beginning ol the reporting perithd C%sh and eaish equlvxlents at the end of the reporting period {31,108) 341,716 1405,4J5 463,71 L) 772 327 805 435 The notes fonn parl of iliese finaneial statements
Mediaserve Ltd Noleb lo the Cash Flow St1L temenl for thL YLdr EndLd 31 DcLLtnbLr 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERA TING ACTIVITIES 31.12.24 31.12.23 Net expenditure (or the reportlng period {as per the Statement of Financial Actii'itie5} Adjustments for: Depre¥iation charges Interest paid DcLica%c in dLbtor Net cash (used in)Iprovlded b). operations (33,239) (71,783) 113 133 413 366 341716 3.3 0()9) ANALYSIS OF CHANGES IN NET FUNDS Al 1.1.24 Cash flow At 11.12.?4 Iyet cash C'i)sh at bank And in hand 805 435 80.$ 435 805 435 33 IU8) 33 108) 33 108) 772.327 772 327 772 327 TolAI The notes fonn parl of iliese finaneial statements
Mediaserve Ltd Noleb lo the Financial Statements for thL YLdr EndLd 31 DcLLtnbLr 2024 ACCOUNTING POLICIES Basls of preparlng the financial statements ThL finunLial %tatcmLnt% of the Lliaritdble conipuny, whiLh 1% a public benefit Lntily under FRS 102, huve becn prep£Ld in accordance with the Charilies SORP (FRS 102) 'Accounting ai)d Reporting by Charilies- Sialeinent of Recoinm¢nded Practice applicable lo charities preparing their accounis it) aLcordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland {FRS 102) (etlective l Janiiary 2019}', Financial Reporting Standard 102 'The Financial Reporiing Standard applicable in the UK and Republic of Ireland, and the C,ompaiiies Aet 2006. The financial slalements IiawL bccn prLparL'd undcr thc hisloriLal Lost LollvLntion. Incorne All incoille is recogFnised in tlie Stdtemenl ot Financidl Activities once ihe charity has eiititlement lo ihe fund%, it 1% pmbable that the income will be received and the amouni can be measured reliablj. Expenditure Liabilities are recognised as ¢xpenditure as soon as there is a legal or constructive obligation comtnitting the Charity lo thal expenililiire, il li probable that a tran%fer ot econoinic benefit% will be required in %eltlemenl and Ihe dmoiint of the ohl igpiilion cali bL Ineasured reliably. Expenditure is acLuuntL.d for on an accruals basis and has been classified uiider hL'<idingTS iliai ggregate all LOSI related to the category. Where costs Lannol be direLtIy attributed to particular headings they have been allocated to aclivilies on a basis consisl¢nt with th¢ use ot resoiirc¢s. AlloLatlon and appvrtSonment vf costs All cosis are allocaied beiween ihe expendiiure caiegories of Ihe SOFA on a basis designed 10 refleci Ihe use of the resource. Costs relating 10 a paitiLular activily are allo¥aled dir¢ctly, others Are apportioned on an appropriate basis e.g. Iloor areas. per capila or esiiinaled usabye. Tangwible fixed asset Depreciation is provided al the following annual rates in order lo write off each asset over its estimated useful life. Fixlui'es aiid fillings 150/11 on reducing balance Taxation The charity is exempt from Corporation tax on ils chariloble activities. Fund &ccountlng UnrL%lriLtLd fund% Lan bL u%ud in aLLordanLL with thL L'hurildblL objL'L'IivLS ul ihL di%LfLtion ot'thL tru%tLL'S. Restricted funds can onl J be used for parlLciilar restricted Plirposes within the objects of the Lharity. Restrictions aribe when 5pecitied by the donor or wheii funds are raised lor particular restricted purposes. FiirthLf Lxplanulion of thl nutLifL' and purpo. uf LaLli fund is inLludcd in thL nolLS lo IhL finanLial slalLLmLnLs. Hire purchAse ond leasing commitments Rentals paid under operaliiig leases are chargFed lo Ihe Stateinenl of Financial Activities oli a straig7hi line basis over the period of the. lease. Pensi(Jn costs and other p05t-retirement benefits The Lharilable compaiiy operates a defined contribution pension sLheme. Contributions payabl¢ to the charitable company's pen4ion %cheme are chargjed lo the Stalement ot Financial Activitie% in the period ti) whicli Il)ey relate. continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 DONATIONS.4ND LEGACIES 31.12.24 31.12.23 Donthtion% 487291 •49 950 INVESTMENT INCOME 31.12.24 31.12.23 Rent% reLeived Bank Int¢r¢sl I,411 728 1.205 CHARITABLE ACTIVITIES COSTS Support costs (see nolL 5) Direct CLi%I T(TrtsJls Gospel Propagation 500 634 SUPPOR T COSTS CJovernanLe costs Manageinent Fiiiance Other 2 Tola15 Gospel Propa&yation NET INCOMEI{EXPENDITURE) Ncl inLomLI(cxpLnditurc) is Sik]Icd aftcr ehargiiigl(crcdiling): 11.12.24 31.12.23 D¥pr¥Li¢ilion Liwn¥d <15sels Oih¢r op¢raiing l¢as¢s 113 TRUSTEES, REMUNERATION AND BENEFITS There were no Irusiees, remuneration or oiher benefits for the year ended 3 l December 2024 nor for Ihe year ended 11 Dcccimbcr 2U23. continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 STAFF COSTS 31.12.24 31.12.23 WdgL% und %uldrie% other pension costs 110,8?9 100,557 113 182 102 857 The ai'ernge monthly number of employee&> diiring the year was as follo,$.. 31.12.24 11.12.11 Administration No employees received emolumenls in excegs of £60,000. COMPARATIVES FOR THE STATEMEIYT OF FINAIYCIAL ACTIVITIES UnrLStriLlcd fund Rc%triLled funds Totsl funds INCOME AND ENDOIVMENTS FROM Donations and legacies 15,60.3 234,147 249,950 Investment income 17,53() 234.347 751,14X3 EXPF.NDJTIIRF. Cii)spel Prnpagalion 14R.021 17.5 64.5 -32.166(1 LNET INCOME/(EXPENDITURE) Transfers betM'C'Ln fund5 Net movemeiit In fuiid5 (1 70,485) 58.702 99 754} {41.052} (71,783) 110,731) (71,7113) RECONC.ILIATIOIY OF FUNDS Toldl tuiidi br(lilbFht t"nnV£ird 414,705 445,940 880,645 TOTAL FUNDS CARRIED FORWARD 403 974 404 888 f40t4 862 continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 io. TANGIBLE FIXED ASSETS Fixture5 and titting% COST Al l January 2024 and 31 Deceimber 2024 DEPRECIATION Al l Janu(Iry 2U24 Charge for year Al 31 December 2024 NET BOOK V.4LUE Al 31 December 2024 Al 31 December 2023 13.45U 642 755 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other debtors 12. MOVEMENT IN FUNDS Nel InovLmciil in funds Transfers betwLLn tunds At 31.12.24 At 1.1.24 Unrestricted funds General flind 403.974 (177,452) 141).613 416,13% Restricted funds Bibles Oniegu Project Indiil Eihiopia China Ukraine 2,516 32,070 2.516 24.172 2,989 (4,01)9) (60.950) 9,9()9 (11,401) (10,8117) 1,559 (33,356) (3,463) 12,628 94,306 148,844 913 30,995 18,981 155,350 140 30.894 17,803 128 ?42 359.488 775 62J Other Fa1 3,562 166,154 104 ?13 33 239) (4,740) 111354) 149 613) TOTAL FUNDS 1162 continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 12. MOVEMENT IN FUNDS - continued Net movement in lunds. included in the above are as follows.. Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 15.044 (152,496) (l_A7,4521 Restrleted funds Oniegva Project India Eiliiopia c.hina Ukraille Biirmd Oiher F4)rsi 30,291 7.742 122.872 11,544 8.559 (33,302) {11.751) (1 $3,822) (1,575) (21,960) (101) {13.080) 105 317) 370 9()8) 523 404) 2,989 {4,009) (60,9501 9,969 (13,401) (101) -1,562 166.154 104213 33 2391 16.642 271471 475 121 490 165 TOTAL FUNDS Comparatives for mol'ement in funds Nel moveinenl in fui)ds Tran8t"ers belweeii funds At 1.1.23 31.12.23 Unrestrlcted funds CTeneral fund 434,705 (130,4X5) 99,754 403.974 Restrieted funds Bibles Omega Project Indi Sci'iptures for Jews Ethiopia China Ukraine Biirma Oiher Farsi (3,326) 27.421 7,1110 (2.34) 78,324 133,244 4,524 30.995 24,604 141208 445,940 880 645 5,842 2,516 32,070 2,X21 (2,052) (2,1451 (2,214) 22,867 22,935 -1,653 16,885) (7,335) (7,264) 94,306 148.844 913 30.995 18,981 {5,175) 3,859 (448) 73 625) 99 754) 404 888 808 g62 TOTAL FUNDS 71,783) continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 12. MOVEMENT IN FUNDS - continued Comparative nei moveinent in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 17.530 (14¥4,lJ21) ( I_AO,4851 Restrleted funds Bible Oinega Project India Scriptures for Jews Ethiopia Cliina Ukraine Other Farsi 5,842 {138) (9,36.3) 234 (83) 5,842 6,701 {2,2141 234 22,867 22,935 -3,653 {5.1751 6.839 7,14Y 22 L)50 24,450 24,215 1,494 147.?50 234.-147 251883 {20.562) (6,669) 143 3911 175,645) 32.3 (){)6) TOTAL FUNDS 71 783) A current year 12 rnonths aiid prior year 12 Inonths combiiied position is as follows.. Nel moveinenl in fui)ds Tran8t"ers belweeii funds At 1.1.23 31.12.24 Unrestrlcted funds CTeneral fund 434,705 (267,937) 249,367 416.135 Restrieted funds Bibles Omega Project Indi Sci'iptures for Jews Ethiopia China Ukraine Biirma Oiher Farsi (3,326) 27.421 7,1110 (2.34) 78,324 133,244 4,524 30.995 24,604 141208 445,940 880 645 5,842 ),690 (6,223) 2,516 24,172 371 (12,931)) 15x61 (38,U81) 32,904 {9,748) (40,241) (10,798) 5,364 155.350 140 30.894 17,80.3 1*8 249 359 488 775 623 15,188) 184 979) 249 367) 170,UII 16?915 105,0?2) TOTAL FUNDS 14 continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 12. MOVEMENT IN FUNDS - continued A current year 12 inonihs and prior year 12 months coinbined nel inovernenl in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 32.580 (30U,517) (267,9371 Restrleted funds Bible Oinega Project India Scriptures for Jews Ethiopia Cliina Ukraine Burnia Other Fatsi 5,842 {33.440) (21,114) 234 (183,905) (3,090) {4?.5??) (iui) (19.7491 ?48 708) 54f) 553) 847 07U) 5,842 9,690 {6,2231 234 (38,081) 14,891 145,822 35,994 32,774 {9,748) (ioii 18.136 418 721 709 4()8 74? 048 170.011 162,915 105 022) TOTAL FUIYDS 13. RELATED PARTY DISCLOSURES There were no related parry Iransaclions for the year ended 31 December 2024. 14. ULTIMATE CONTROLLIIYG PARTY The Lhdrily ib Lontrolled by its tN4lees who are numed oli page I, Nv individual exer¢ise8 oi'erall L'unirol. 15. DEPRECIATION Fixed assets costing niore Ilian L 1000 are capilalised al cost. 16. KL'S I'KIC I b'UNDS The ¢harity'S restricted funds have tlie followin& purposes.. i) BiblL Fund utilised to provide bibles to the beneficiaries of the charli>. iL} Omega Project A project aiined at providingT a free Bible to Jewish homes in Ukraine, Israel and Ethiopia. iii) India Fundè• ulili%cd for printing dnd distributin¥ "ThL Secret ot True Lili" in 4LvLn Indian language% (iuurL trun8lation% urc in progress). Tliey are also used in the same coiineclion for the booklet 'The King" New Teslamenls and "The Gate to Life" Bible study material. iv) Jewish Scriptures Funds used for printing and dislribuling New Teslamenl editions for Y¢'18h people which include an introduciory section on how lo dLvclop a pci%onMI rLlutiun%liip wjth God. v) Eth10pia continued..-
Mediaserve Ltd Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 DcLLtnbLr 2024 16. RESTRICTED FUNDS- continued Fund used for printing and dislribuling Bibles and New Teslainenls ivrillen in the Atnharic and Oroino languages. Tlie AmliariL Bible Lontuins .%peLiul fLalurLS for Jews and Mu%lim% LL% WLII a% for general di%lribution. WL arL al%0 i)rinting dnd distribuling New Teslaments in the Oromo language, tlie largest language group in Etliiopia. Preparations were also made in 2023 tD print and distribute full Bibles in Oromo and booklets in 5 languages for 2024. vi) China Fund employed for printing and dislribuling scriptures in China, incliiding ihe additional lesgons of "Biblekeys.. vill UkrainL Distribution ot "Tlie Kin(F" Jews) lo Ukraine. viii) Burma Dislribuiion of Mediaserve's booklets ("Th¢ King" The Secrel ofTrue Life" and"The Gate lo Life"). ixl Farsi Fund employed tor printing and distributing New Testaments (which includes Psalm5 and Proverbs) and booklets in tlie Far51 language. x) Other Smal I funds lo advance the charity's objectives in various localic>ns "The Secret ot True Lite" "The Gale lo Life and Ukrainian New Testaments (including to the
This document was delivered using electronic communications and authenticated in accordance with thc registrar's rulcs relating to elcctronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.