Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 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 2023
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 2118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} CONTENTS Page Reference and administrative details of the company. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial ststements 8-16
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 3118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2023 Trustees Santo Thomas Tibymon Thomas Anoop Kurian Biju George Company registered number 08609055 Charity registered number 1154816 Registered office 845 Bamsley Road Sl Patricks Presbytery Sheffield South Yorkshire S5 OQF Accountants James Cowper Kreston Chartered Accountants and Slatulory Auditor Reading Bridge House George Street Reading Berkshire RG18LS Bankers Barclays Bank Leicester LE87 2BB Solicitors Silk Route Legal 15 Old Bailey London EC4M 7EF Page 1
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 4118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2023 The Trustees present their annLJal report together with the financial statements of the company for the 1 August 2022 to 31 July 2023. The TrLJStees confirm that the Annual Report and financial statements of the company Comply with the current slatulory requirements, the reqLJiremenls of the companls governing do¢umenl and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191 as amended by Update Bulletin 1 (effective 1 January 2019}- Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report} Regulations 2013 is not required. Managgment The charity is consliluted as a company that is governed by the articles of Association. The management of the company is Carried out by the following trustees.. 1. Santo Thomas, 2. Tibymon Thomas, 3. Anoop Kurian, 4. Biju George Trustees are responsible for the chariws general management. Trustees hold monthly meetings to evaluate company activity and to form development plans. Trustees authorise the expenses prior to payment, and monitor receipts to ensure that the charity's exposure lo the risk of error andlor fraud is reduced to a minimum. Objg¢tives The charity's primary aim is to promote the Christian faith among all people, particularly those within the Catholic Church, through various forms of modem media, such as.. the internet, television, magazines, books, etc. The Charity also aims lo ¢onducl regular spiritual retreats & seminars IhroughoLJI the UK, for Christians and for those interested in Christian spirituality- Every year, the Iruslees review charity activity lo ensure that it continues lo meet ils objectives. In carrying out this review the trustees have considered The Charity Commission's general guidance on public benefit. Shalom issues two magazines Shalom Times (Monthly) and Shalom Tidings IBimonlhlyl - and a newspaper - Sunday Shalom (Biweeklyl. The articles in these publications aim to assist the public in leading an ethical life informed by Christian values, and lo strengthen the faith and commitment of individual Christians. Written from a personal perspective, these articles provide a platform for people to share their struggles and conflicts, lo overcome personal obstacles and build better relationships with others. Shalom Times magazine and Sunday Shalom newspaper, are not printed but published online for free use. However, continued the printed version of Shalom Tidings magazine for free subscription and postage lo those requesting. During this year, three seminars were organised for members of Shalom Media, including inspiring tslks about leading a healthy family life infomied by Christian values. We believe all these contribute lo public benefit. Financial Review The charity's main income is from the donations of ils members. The charivs major expenditure is in the media productions, printing and postage of its magazines and newspaper, and towards the organizing of Conferen8, retreats and festivals, as well as administration. The excess of income over expenditure for the current year is £127,181) {for 2022, it was £1,887) The Trustees have sel a level of reserves around £75,000 to Cover al least four months of expenditure. The actual level of reserves al the year end was £264,468. Page 2
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 5118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 JULY 2023 Produclng Vldeo Programs Shalom Media UK Ltd continues to produce video program mainly for Shalom World Europe channel as well as SW Prayer channel. Idenlificalion of resources for the program is an important responsibility of all involved. The number of productions have increased, qUiring to tffivel at various locations in the country. The video contents that were produced, have been broadcasted online. and are available on demand, via its website, www.shalomworldlv.orgl and on Shalom world TV. The programs aim primarily to support the lives and strengthen the faith of individual Catholics, through educational & spiritual stories and talks from Catholic priests, religious, and laypeople. These videos are available lo the public for free, and provide education about Christian values, Catholic Church and ils leaching. In general, they foster positive values and encourage ethical living. Future plans The charity intends to increase its income from donations through organising various events and outreach programs. Such programs are planned at various locations. In the coming year, Shalom Media will be focussing on increasing the number of productions such as documentaries on the church history as well as various other programs from the country and to make them available freely on the television, internel, and apps. Methods used to recrult and appolnt new Trustees The trustees review annually whether there are any skills gaps on the board and advertise trustee vacancies as they arise. Approved by order of the members of the board of Trustees and signed on their behalf by.. Tibymon Thomas Dale.. 19 April 2024 Page 3
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 6118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2023 Indgpgndgnt Examiner's Rgport to the Trustg9s of Shalom Mgdia UK Limitgd (Yhg Company'l I report lo the charity Trustees on my examination of the accounts of the company for the year ended 31 July 2023. Rasponsibilitias and Basis of Report As the Trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 20061.the 2006 Act'}- Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 1.the 2011 Acl'l. In carrying out my examination I have followed the Dire¢tions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent Examiner's Statement Since the companys gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of (enter body here), which is one of the listed bodies. I have completed my examination. l confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the company as required by sertion 386 of the 2006 Act,. or the accounts do not accord with those records., or 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 faiv 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 charities lapplicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no Concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely lo the company's Trustees, as a body, in a¢¢ordan¢e with Part 4 of the Charities IAccounts and Reports) RegLJlalions 2008. My work has been undertaken so that I might state to the company's Trustees those matters l am required lo stale to them in an Independent examinerfs report and for no other purpose. To the fullest exlenl pemiitled by law, I do not accept or assume responsibility lo anyone other than the company and the ¢ompanls Trustees as a body, for my work or for this report. Signed= P. Dated.. 22 April 2024 Alexander Peal Bsc (Honsl FCA DChA James Cowper Kreston Chartered Accounlanls and Stslutory Auditor Reading Bridge House George Street Reading Berkshire RG18LS Page 4
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 7118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Notg Income from: Donations and legacies Charitable activities 249,529 29.992 249,529 29.992 179,141 6,974 Total Income 279,521 279,521 186, 115 Expenditure on- Charitable activities 306,702 306,702 184,228 Total expendlture 306.702 306.702 184,228 Net movement in funds 127.1811 127.1811 1,887 Reconciliation of funds.. Total funds brought forward Nel movement in funds 291.649 (27.181) 291.649 (27.181) 289, 762 1,887 Total funds carried fonmard 264,468 264,468 291,649 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 10 16 form part of these financial slatemenls. Page 5
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 8118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} REGISTERED NUMBER: 08609055 BALANCE SHEET AS AT 31 JULY 2023 2023 2022 Note Fixed assets Tangible assets 34,133 35,544 34.133 35,544 Current assets Debtors Cash at bank and in hand 10 92,526 142,341 1,367 260,585 234.867 261,952 Creditors.. amounts falling due within one year 11 (4,5321 (5,847) Net ¢urrgnt 0$$8ts 230.335 256, 105 Total assets less current liabilities 264.468 291,649 Total net assets 264,468 291,649 Charily funds Unreslricled funds 12 264.468 291,649 Total funds 264,468 291,649 The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordan with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the A¢t with respert lo accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by= T1Tr)l19T4l7DAlLiT1ufc+*l Tibymon Thomas Dale.. 19 April 2024 The notes on pages 8 10 16 form part of these financial statements. Page 6
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 9118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2023 2023 2022 Cash flows from operatlng actlvltles Nel cash used in operating activities {nole 141 1112,7861 9,831 Cash flows from Investlng actlvltles Purchase of tangible fixed assets (5,4581 (27,620) Net cash usgd in investing activities {5,4581 127.6201 Change In cash and cash equlvalents Sn the year Cash and cash equivalents at the beginning of the year 1118.2441 260,585 (17.789) 278,374 Cash and cash gquivalents at the fynd of thg ygar 142,341 260,585 The notes on pages 8 10 16 form part of these financial statements Page 7
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40."48 BST IUTC +11 D 111 P 10118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Genoral information The company is a company limited by guarantee, registered in the UK. Ifs registered office is disclosed on the reference and administrative details of the company page. The members of the Company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited lo £1 per member of the company. Accounting policigs 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting 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 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Shalom Media UK Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenNise staled in the relevant accounting policy. 2.2 Income Al income is recognised once the company has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left lo them Ilhrough knowledge of the existence of a valid will and the death of the benefaclorl and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy musl be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed lo the company, can be reliably measured. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. Page 8
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40."48 BST IUTC +11 D 111 P 11118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Accounting poli¢ig$ l¢ontinugdl 2.3 Expgnditurfy Icontinugd) All expenditure is inclusive of irrecoverable VAT. 2.4 Tangiblg fixod assets and dopreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impaimient losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of ¢osl. Al each reporting date the company assesses whether there is any indication of impaimient. If such indication exists, the recoverable amount of the asset is determined lo be the higher of ils fair value less costs to sell and ils value in use. An impairment loss is recognised where the Carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on the following bases. The rates of depreciation are as follows.. Plant and machinery Motor vehicles Fixtures and fillings Computer equipment 25.10 reducing balan 20.10 slraighl line 25.10 slraighl line 33 /0 slraighl line 2.5 Intorgst recoivablg Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company= this is normally on notification of the interest paid or payable by the Bank. 2.6 Dgbtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of a¢quisilion or opening of the deposit or similar account. 2.8 Liabilitigs and provisions Liabilities are recognised when there is an obligation al the Balan sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amoLJnt of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payrnenls for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability- The unwinding of the discount is rewgnised in the Statement of financial activities as a finance cost. Page 9
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 1W18 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Accounting poli¢ig$ l¢ontinugdl 2.9 Financial instrumgnts The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrLJments are initially recognised al transaction value and subsequently measLJred at their settlement value with the exptIOn of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.10 Pgnsions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. 2.11 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Income from donations and lega¢ig$ Unrgstrictod funds 2023 Total funds 2023 Total fvnds 2022 Donations 249,529 249,529 179,141 Total 2022 179,741 7 79, 141 Income from charltable actSvltSes Unrestrlcted funds 2023 Total funds 2023 Total funds 2022 Income from charitable activities - Subscription income Income from charitable activities - Conferences and events income 8,629 8,629 3, 785 21,363 21,363 3, 181 Income from charitable activities- Other income Total 2023 29,992 29,992 6,974 Total 2022 6,974 6,974 Page 10
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 1W18 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Analysis of expgnditurg by activities Activitios undertaken directly 2023 Support costs 2023 Total funds 2023 Total fvnds 2022 Charitable activities 214,994 91,708 306.702 784,228 Total 2022 117,655 66,573 184,228 Analysis of direct costs Total funds 2023 Total fvnds 2022 Magazine costs Meeting and programme expenses TV broadcasting expenses 14,381 30,712 169,901 76,174 10,811 90,670 214,994 117,655 Page11
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40."48 BST IUTC +11 D 111 P 14118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Analysis of expgnditurg by a¢tivitig$ {¢ontinuedl Analysis of support costs Totsl funds 2023 Total funds 2022 staff costs Depreciation Travel 53.319 6,869 897 28,887 7,257 t, 167 9,300 1,738 998 7,736 4,950 323 Printing, postage and stationery Telephone Legal and professional fees Other costs 6,608 1.952 1,094 ,513 6,550 (611 12381 291 Rent Bank charges Differen on foreign exchange Advertising costs Repairs and maintenan Studio expenses Motor expenses Governance costs 2,720 682 662 1,850 1,303 244 1,824 852 91.708 66,573 Independent examiner's remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £1,85012022 - £1,800). Staff costs 2023 2022 Wages and salaries 53,319 28,881 53,319 28,881 The average number of persons employed by the company during the year was as follows= 2023 No. 2022 No. Page 12
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 1S18 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Stsff costs l¢ontinugd} No employee reiVed remuneration amounting lo more than £60,000 in either year. Key management personnel comprised the directors. None received any remuneration in the year12022 - Trustees. remuneratlon and expenses During the year ended 31 July 2023, no Trustees received any remuneration or other benefits 12022.. £nil}. During the year ended 31 July 2023, no Trustee expenses have been incurred (2022- £nill. Tanglble fixed assets Plant and machinery Motor Fixtures Computer vehicles and fittings equipment Total Cost or valuatlon At 1 August 2022 Additions 41,413 5.458 26,663 3,825 4,797 76,698 5.458 At 31 July 2023 46.871 26,663 3.825 4.797 82.156 Depreclatlon At 1 August 2022 Charge for the year 29.248 3,520 3,333 3,333 3,776 16 4.797 41.154 6,869 At 31 July 2023 32.768 6,666 3,792 4.797 48.023 Net book valuo At 31 July 2023 14,103 19,997 33 34,133 At37 July 2022 12, 165 23,330 49 35,544 Page 13
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 1W18 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Debtors 2023 2022 Due within one year Other debtors 92,526 1,367 92.526 1,367 11. Creditors- Amounts falling due within one year 2023 2022 Other taxation and social security Other creditors 1.232 441 2,555 570 Accruals and deferred income 2,859 2, 722 4,532 5,847 12. Statement offunds Statement of funds - current year Balance at 1 August 2022 Balance at Income Expendlture 31 July 2023 Unrg$tri¢tgd funds General Funds - all funds 291,649 279.521 1306,7021 264.468 statement of funds - prior year Balance al 1 August 2027 Balan at Income Expenditure 31 July 2022 Unrestricted funds General Funds - all funds 289, 762 186, 115 (184,228J 291,649 Page 14
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40."48 BST IUTC +11 D 111 P 17118 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Analysis of ngt assets betwegn funds Analysis of ngt as$gt$ betwgfyn funds - currgnt year Unrgstricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 34,133 234,867 14,5321 34,133 234.867 14,532) Total 264,468 264.468 Analysls of net assets between funds - prlor year Unrestricted funds 2022 Total funds 2022 Tangible fixed assets Current assets 35,544 261,952 (5,847) 35,544 261,952 (5,847) Creditors due within one year Total 291,649 291,649 14. Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Nel in¢omelexpenditure for the year las per Statement of Financial Acliviliesl 127,1811 1,887 Adjustments for: Depreciation charges Increase in debtors 6,869 191,1591 {1,3151 7,257 (984) 1,671 Increaselldecreasel in creditors Net cash provlded byl{used In) operatlng actlvltles 1112,7861 9,831 Page 15
Virtualsignalure Transaction Rel. C52Q-08WC-Z308 19 Aw Z024 17".40".48 BST IUTC +11 D 111 P 1W18 SHALOM MEDIA UK LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Analysis of cash and cash equivalgnts 2023 2022 Cash in hand 142,341 260,585 Total cash and cash equivalents 142,341 260,585 Analysis of changes in net debt At 1 August 2022 Cash flows At 31 July 2023 Cash at bank and in hand 260,585 1118,2441 142.341 260,585 1118,2441 142.341 Related party transactions The company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the company al 31 July 202312022.. £nill. 18. Controlling party The ultimate controlling paty is the Trustees as detailed on page 1 of the accounts. Page 16