VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 1118 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 2022
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 1116 SHALOM MEDIA UK LIMITED (A company limited by guarantee) CONTENTS Page Roference and administrative details of the company. its Trustoes and advisers Trustees, report Indepeiideiit ¢xamiiieT'S report Statement of financial activities Balan¢& sheet Statement of cash flows Notes to the financial statements 8-16
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 3118 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 2022 Trustees Santo Thomas Tibyrnon Thomas Anoop Kurian Biju George Company registeTed number 08609055 Charity registered number 1154816 Registered office 845 Barnsley Road Sl Patricks Presbytery Sheffield South Yorkshire S5 OQF Accountants Jame5 Cowper Kreston Audit Chartered Accountants SLitutory Auditor Reading Bridge House George Street Reading Berkshire RG18LS BankeTS Barclays Bank Leicester LE87 2BB Solicitors Silk Route Legal 15 Old Bailey London EC4M 7EF Page 1
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P4116 SHALOM MEDIA UK LIMITED (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2022 The Trustees present their annual report together Mqth the financial statements of the company for the 1 August 2021 to 31 July 2022. The Trustees confirm that the Annual Report and financial statements of the company comply wth the current statutory requirements, the requirements of the companl5 goveming document and the provisions of the Statement of Recommended Practice ISORPI, applicable lo charFties preparing their accounts in accordance Mqth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 as amended by Update Bulletin I (effective 1 January 2019). Since the company qualffies as small under Section 383. the Strategic report required of medium arKI large companies under The Companie5 Act 2006 (Strategic Report and Direclorfs 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 Caled out by the following trustees: Santo Thomas Tibymon Thomas Anoop Kurian Biju George Trustees are responsible for the charity's general rnageMent. Trustees hold monthly meetings to evaluate company activty and to form development plans. TTuslees authorise the expenses prior to payTnent, and monitor receipts to ensure that the charity's exposure to the risk of error an(Vor fraud is reduced to a minimum. Objectives The charitys primary aim is to promote the Christian faith among all people, parbcularty those within the Catholic Church, through various fomis of modem media, such as= the intemet, television, magaanes, books, etc. The charity also aims to conduct regular spiritual retreats & seminars throughout the UK, for Christians and for those interested in Christian spiritualty- Every year, the trustees review charity activity to ensure that it continues to meet its objectives. In carrwng out this review the trustees have considered The Charity Commission's general guidance on public benefit. Shalom issues bKo magazines Shalom Times (Monthly) and Shalom Tidings {Bimonlhlyl - and a newspaper - Sunday Shalom {Biweeklyl. The articles in Ihese publications aim to assist Ihe public in leading an ethical lrfe informed by Christian values, and to strengthen the faith and commitment of individual Christians. Written from a personal perspective, these articles provide a platfomi for people to share their struggles and confiicts. to overcome personal obstacles and build better relationships wrth others. During this year. Shalom Media UK stopped printing Shalom Times magazine and Sunday Shalom newspaper. but publish them online for free use. However, contiNed the printed version of Shalom Tiding5. During this year, only a few parish based programs were conducted in collaboration with Bishops and Parish Priests at various parishes in EnglarKI and Wales. which included inspiring talks about leading a healthy family life based on Christian values. Number of people attended varies from parish to parish. We believe all these contribute to public benefit. Financial Review The charitys main income is from the donations of ils members. The charitls major expenditure is in the media prc<luctions, prinling and wstage of its magaanes 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 £1,887 (for 2021. it was £79,681). The Trustees have set a target level of reserves around £750,0 to cover at least fi)ur months of expenditure. The actual level of reserves at the year end was £291.649. Page 2
VkiuaBunatLnTrarffjxlvM Ref. 33N7-38J<-HYS3 14 Feb 2023 17..54..31 GMTIUTC +0) D 111 P 5118 SHALOM MEDIA UK LIMrrED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Producing Video Programs Shalom Media UK Ltd continues to produce video program mainly for Shalom Wot1d Europe channel as well as SW Prayer channel. Identification of resources for the program is an important responsibilrty of all involved. After the restrictions, due to Covid-19. the number of prc%Juctsons have increased, requiring to travel around for various productions. The vtdeo contents that were produced, have been broadcasted online. and are available on demand, via ils website. ww.shalomworldtv.orgl and on Shalom wodd 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. religiou5, and laypeople. These vtde05 are available to the public for free. and provide education about Christian values. Catholic Church arKI its teaching. In general. they foster positive value5 and encourage e1hical living. Future plans The charity intends to increase it5 income from donations thrr¥Jgh organising variou5 events and outreach programs. From 1st January. 2022. the charity startgj free subscription on Shalom Tiding5 magazines Iprinted & online copies) for those requesting. In the coming year. Shalom Media wll be focussing on increasing the number of productions such as documentaries on the church history as well as various other programs from the county and to make them available freety on the television, interne( and apps. Methods used to recruit and appoint new Trustees The trustees review annually whether there are any skills gaps on Ihe 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 Dale- 14 February 2023 Page 3
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 6118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2022 Independent Exarninerfs Report to the Trustees of Shalom Media UK Limited I'the COrnpan} I report to the charrty Trustees on my examination of the accounts of the company for the year ended 31 July 2022. Responsibilities and Basis of Report As the Trustees of the Gompany land its direGtors for the purposes of Gompany lawl you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 20061'the 2006 ACVI. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on, I report in respect of my examination of the companls accounts carried out under section 145 of the CharitEs Act 2011 I'lhe 2011 Acl'l. In carrwng out my examination I have followed the Directions given by the Charity Commission under section 145(5llb} of the 2011 Act. Independent Examiners Statement I have completed my examinatiC. I confinn that no matters have come lo my attention in connection with the examination gmng me cause to believe- accounting records were not kept in respect of the company a5 required by section 386 of the 2006 Act or the accounts do not accord with those records-, or Ilie acwunts do not wmply wiui tlie acT))unting requirements of section 390 of the 2000 Act othe¥ 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 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charrties lapplicable lo charities preparing their accounts in accordance wrth the Financial Reporbng Standard applicable in the UK and Republi¢ of Ireland IFRS 102}1. 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 erble a proper understanding of the accounts to be reached. This rewrt is made solely to the compan¥s Trustees, as a body. in accordance wtth Part 4 of the Charities {Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the compan¥s Trustees 11)ose matters l am required to state to them in an Independent examinerfs rekX)rt and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the company and the companrfs Trustees as a bcdy, for my work or for this report Signed= P, Dated.. 21 February 2023 Alexander Peal Bsc IHons} FCA DChA Jamas Cowper Kraston Audit Chartered Accountants and Statutory Auditor Reading Bridge House George Street Reading Berkshire RG1 8LS Page 4
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 7116 SHALOM MEDIA UK LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2022 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitable actimties 179,141 6,974 179.141 6.974 195,903 17,996 Total income 186.115 186.115 213,899 Expenditure on: Charitable actiwties 184.228 184.228 134.218 Total expenditure 184,228 184,228 134,218 Net movement in funds 1,887 1.887 79,681 Reconciliation of funds: Total funds brought fopNard Net movement in fund5 289.762 1,887 289.762 1,887 210.081 79,681 Total funds carried forward 291,649 291,649 289, 762 The Statement of Financial Acts'vities indudes all gains and losses recc4Jnised in the year. The notes on pages 8 to 16 form part of these financial statements. Page 5
VkiuaBunatLnTrarffjxlvM Ref. 33N7-38J<-HYS3 14 Feb 2023 17..54..31 GMTIUTC +0) D 111 P 8118 SHALOM MEDIA UK LIMrrED (A company limited by guarantee) REGISTERED NUMBER: 08609055 BALANCE SHEET AS AT 31 JULY 2022 2022 2021 Note Fixed assets Tangible assets 35.544 15. 181 35.544 15. 181 Current assets Oebtors 10 1.367 260.585 383 Cash at bank and in hand 278.374 261.952 278, 757 Credttors: amoun15 falling due wihin one year 11 15.8471 (4, 176J Nel current assets 256.105 274.581 Total assets less current liabilities 291.649 289, 762 Total net assets 291.649 289, 762 Charity funds Unrestricted funds 12 291.649 289.762 Total funds 291,649 289, 762 The company was entitled to exemption from audit under section 477 of the Cc¥npanies Act 20c. The members have not required the company to obtain an audit for the year in question in accordance with Secti 476 of Companies Act 2006. The Trustees aCknOedge their reswnsibilits'es for coMpng with the requirements of the Act wth respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance ¥th the provisions applicable to entities subject to the small companies regime. The ffinancial ststements were approved and authorised for issue by the Trustees and signed on their behalf by.. Tibymon Thomas Dale= 14 Fgbruary 2023 The notes on pages 8 to 16 form part of these financkgl statements. Page 6
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 9118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2022 2022 2021 Cash flows from operating activitios Nel cash used in operating actimties 9,831 85,715 Cash flows from investing activities Purchase of tangible fixed assets {27,620) {6,410J Net cash used in investing activities {27,620) (6,4101 Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year {17,789) 278,374 79,305 199,069 Cash and cash equivalenis the and of the year 260,585 278.374 The notes on pages 8 to 16 fomi part of these financial statements Page 7
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P IOM8 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 General inforrnation 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 Ihe company being wound up. the liability in respect of the guarantee is limited to £1 per member of the company. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance wth the Charitie5 SORP (FRS 1021 Accounting and Reporbng by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reports"ng Standard applicable in the UK and Republic of Ireld IFRS 1021 and the Companies Act 2006. Shalom Media UK rnited meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe slated in the relevant accounting policy. 2.2 Income All income is reccgnised once the company has entillement to the income. it is probable that the income will received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement. the probabilty of receipt and the ability to estimate wth sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift ha5 been left to them (through knowledge of the existence of a valid wll and the death of the benefactor) and the executor is satisfied that the propety in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised .then it is probable that it Mqll be received and the fair value of the amount receivable, which w711 generally be the expected cash amount to be distributed to the company, can be reliably measured. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is reccyjnised at the lime of the donation. Other income is recognised in the period in which it is receivable and to the extent the gcods have been provided or on completion of the service. 2.3 Exponditure Expendilure is recognised once there is a legal or constructive obligation lo transfer enoMiC benefit to a third party, it is probable that a transfer of economic benefrts W711 be required in setuement and the amount of the obligation can be measured reliably. Expendibjre is classified by actiwty. The costs of each actiwty are made up of the total of direct costs and shared costs, induding support costs involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that acb"vity. Shared costs wthich contribute to more than one ath.vity and support costs which are not attribthable to a single actiwty are apportioned between those activities on a basis consistent the use of resources_ Central staff costs are allocated on the basis of ts'me spent, and depreciation charges allocated on the portion of the assevs use. Expendilure on charitable activities is Inrred on directly undertaking the activilies lch further the company's objectives. as well as any associated support costs. Page 8
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 11178 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Accounting policie5 Icontinuedl 2.3 Expenditure (continued) AJI expenditure is indusive of Irrecoverab VAT. 2.4 Tangible fixed a55ets and depreciation Tangible fixed asset5 are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciab.on and any accumulated impaimient losses. All costs incurred to bring a tangible fixed asset into ils intended working conditson should be included in the measurement of cost. Al each reporting date the company assesses whether there is any indication of impainnenl. If such indication exists, the recoveiable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. ATr impairment loss is reccxjnised where the carrying amounl exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of tangible ftted assets less their residual value over their estimated useful lives, on the followng base5. The rates of depreciation are as follows= Plant and machinery Motor vehicles Fixture5 and fittFngs Computer equipment 25% reducing balance 20.kn straight line 250kn straight line 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 nomially 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 amc4Jnt prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand indudes cash arKI short-terni highly liquid investments Mqth a short malurty 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 reqijired in settlement, and the amourrt of the settlement can be ests'mated reliably. Liabilities are recognised al the amount that the company antiapales it will pay to settle the debt or the amount it has received as advanced payments the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is rnaterial. the provision is based on the present value of those amounts, discounted at the pre-tax di5CDunt rate that reflects the ri5k5 specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Page 9
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P IW78 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Accounting policie5 Icontinuedl 2.9 Financial instrurnents The company only has financial assets and financsal liabilities of a kind that qualrfy as basic financial instruments. BasiG finanGial instruments are initially recognised at transaction value and subsequently measured at their settlement value wlh the exception of bank loans which are subsequently measured at amorti5ed c05t 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 yeaT. 2.11 Fund accounting General funds are unrestricted funds lch are available for use at Ihe discretion of the Trustees in furtherance of the general objectives of the company and Mthich have not been designated for other purposes. Income frorn donations and legacies Unrestricted funds 2022 Total funds 2022 Total funds 2021 Donations 179,141 179,141 195,903 Total 2021 195,903 195,903 Income from charitable activities Unrestricted funds 2022 Total funds 2022 Total funds 2021 Income from charitable aclivrties- Subscription income Income from charitable aclivrties- Conference5 and events income Income from charitable activiti.es- Other incorne 3,785 3.785 17.996 3,181 3.181 Total 2022 6.974 6,974 17.996 Total 2021 17,996 17.996 Page 10
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 13178 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Analysis of expenditure by activities Activities undertaken directly 2022 Support costs Total funds 2022 Total funds 2021 2022 Charitable actimties 117,655 66.573 184,228 134,218 Total 202t 83,782 50.436 134,218 Analysis of direct costs Total funds 2022 Total funds 2021 Magazine costs Meeting and programme expenses TV broadcasting expenses 16,174 10.811 90.670 9.136 74,646 117,655 83, 782 Page 11
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 14178 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Analysi5 of expenditure by activities {continued) Analysis of support costs Total funds 2022 Total funds 2021 Staff cost5 Depreciation Travel Printing, postage and stationery Telephone Legal and professional fees Other costs Rent 28,881 7,257 1.167 9.300 1.738 998 18.099 5,406 6,489 1,391 450 7,736 4,950 323 5.792 5.400 266 1,869 660 2.T51 173 Bank charges Difference on foreign exchange Adverbsing costs Repairs and maintenance Studio expenses Motor expenses Goveman¢e 1.303 244 1.824 852 1,690 66,573 50,436 Independent examinerfs remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £1.800 12021 £1.5001. Stsff costs 2022 2021 Wages and salaries 28,881 18,099 28,881 18,099 The average number of persons employed by the company during the year was as follows". 2022 2021 No. Page 12
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 15178 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Staff costs (continued) No emptoyee reiVed remuneration amounting to more than £60,000 in either year. Koy managomont porsonnol comprisod tho diractors. Nono rocoivod any romunoration in tho yoar (2021 - £nil) Trustees. remuneration and oxponses During the year ended 31 July 2022. Trustees received any remuneration or other benefits 12021: £nill- During the year ended 31 July 2022, no Trustee expenses have been incuThed (2021- £nill. Tangible fixed assets Plant and machinery Motor Fixtures Computer vehicles and fittings equipment Totsl Cost or valuation At 1 August 2021 Additions 40,520 893 3,761 4,797 49,078 27,620 26,663 At 31 July 2022 41,413 26.663 3,825 4.797 76,698 Depreciation At 1 August 2021 Charge for the year 25,394 3,854 3,706 70 4,797 33,897 7,257 3.333 At 31 July 2022 29,248 3.333 3,776 4.797 41,154 Net book value At 31 July 2022 12,105 23.330 35,544 At 31 July 2021 15.126 15. 181 Page 13
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 16178 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 10. Debtors 2022 2021 Due within one year Other debtors 1,367 383 1.367 383 11. Creditors: Amounts falling due within one year 2022 2021 Other taxation and la1 security Other creditors 2.555 570 680 196 Accruals and deferred income 2.722 3,300 5.847 4,176 12. Ststement of funds ststement of funds - current year Balanca at 1 August 2021 Balance at Income Expenditure 31 July 2022 Unrestricled funds General Funds- all funds 289,762 186,115 (184,228) 291,649 Statement of funds - prior year Balan al t Augu$1 2020 Balanoo at Income Expenditure 31 July 2021 Unrestricted funds General funds 210,081 213,899 (134,218) 289, 762 Page 14
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 P 17178 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 13. Analysis of net assets between funds Analysis of net assets between funds- current year Unrestricted funds 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due Mfjthin one year 35,544 261,952 {5,8471 35,544 261,952 (5,8471 Total 291,649 291,649 Analysis of net assets betwaan funds- prior yaar Unrestricted funds 2021 Total funds 2021 Tangible fixed assets Cutrenl assets 15, 181 278,757 (4, 176) 15. 181 278. 757 (4. 176) Creditors due wilhin one year Total 289, 762 289, 762 14. Reconciliation of net movement in funds to nat eash flow from oporating activities 2022 2021 Nel income for the year las per Statement of Financial Aclimties) 1.887 79.681 Adjustments for: Depreciab"on charges Increase in debtors Increaselldecreasel in creditors 7,257 1984} 1,671 5,406 (f 50J 778 Net cash provided by operating activitios 9,831 85,715 Page 15
VYbJsk9un*urnTransorbc Ref. S31-3s<-Hy85 14 Feb 20YJ 17..54..31 GMTIUTC +OID 111 p ie118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 15. Analysi5 of cash and cash equivalents 2022 2021 Cash in hand 260.585 278,374 Total cash and cash equivalents 260,585 278,374 16. Analysis of changos in nol debt Al 1 August 2021 Cash flows At 31 July 2022 Cash at bank and in hand 278.374 {17,789) 260,585 278,374 {17,789} 260,585 17. Related party transactions The company has not entered into any related paty transaction during the year, nor are there any outstanding balances owing btheen related parties and the company at 31 Juty 2022 (2021.. £nill. 18. Controlling party The ultimate controlling paty is the Trustees as detailed on page 1 of the accounts. Page 16