VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 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 2024
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 2118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) CONTENTS Page Reference and administrative details of the company. its Trustees and advisers Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 8-16
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P J18 SHALOM MEDIA UK LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY2024 Trustees Santo Thomas Tibymon Thomas Anoop Kurian Biju George Company registered number 08609055 Chaiity registered number 1154816 Registered office 845 Bamsley Road St Patricks Presbytery Sheffield South Yorkshire S5 OQF Accountants James Cowper Kreston Chartered Accountants and Statutory Audrior 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
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 4118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY2024 The TTUStees present their annual report together wth the financial statements of the company for the 1 August 2023 to 31 July 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the CoMpanS goveming document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019} as amended by Update Bulletin 1 (effective 1 January 2019). sin 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 Directorfs Report) Regulations 2013 is not required. Structure, Governance and Management The charity is constituted as a company that is govemed by the artides 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 fomi development plans. Trustees authorise the expenses prior to payTnent. and monitor receipts to ensure that the chariws exposure to the risk of error andlor fraud is reduced to a minimum. Objectives The charitys primary aim is to promote the Christian faith among all people, partiujlarly those within the Catholic Church, through various forms of modem media, such as: the intemet, television. magazines, books, etc. The charity also aims to conduct regular spiritual retreats & seminars throughoui the UK, for Christians and for those interested in Christian spirttuality. Every year, the trustees rewew charity actiVFty to ensure that it continues to meet its objectives. In carrwng out this review the trustees have considered The Charity Commission's general guidan on public benefit. Shalom issues magazines Shalom Times (Monthly) and Shalom Tidings (Bimonthly) - and a newspaper - Sunday Shalom (Bweekly). The arbdes in these publications aim to assist the public in leading an ethical life informed by Christian values, and to Strengtrn the faith and commitment of individual Christians. Written from a personal perspective. these articles prowde a platfomi for people to share their struggles and conflicts, to overcome personal obstades and build better relationships with others. Shalom Times magazine and Sunday Shalom newspaper. aTe not printed but published online for free use. However, continued the printed version of Shalom Tidings magazine for free subscription and postage to those requesting. During this year, three seminars were organised for members of Shalom Media. induding inspiring talks about leading a healthy family lrfe informed by Christian values. We believe all these contribute to public benefft. Financial Review The charity's main income is from the donations of its members. The chariws major expenditure is in the media productions, printing and postage of its magazines and newspaper, and towards the organizing of conferences, retreats and feskn'vals, as well as administration. The excess of income over expenditure for the current year is £36,693 (for 2023, tt was £27.181). The Trustees have a set level of reserves around £75,000 to cover at least four months of expenditure. The actual level of reserves at the year erKI was £227.775. Page 2
Virtualsbnalura Transarrffj R9f. SBMJ-TYM7-6NMB 09 Apr202S 12.2.15 BST (Iirc +1} D 1r3 P Y18 SHALOM MEDIA UK LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Producing Video Programs Shalom Media UK Ltd continues to prCMJU video program mainly for Shalom World Europe channel as well as SW Prayer channel. Identification of resources for the program is an important responsibilty of all involved. The number of productions have increased, requiring to travel at various locations in the country. The video contents that were prc(luced. have been broadcasted (line. and are available on demand. via its website, www.shalomworldtv.orgl and on Shalom wortd T+1. The programs aim primarily to support the lives and strengthen the farth of individual Catholics, through educational & spiritual stories and talks from Catholic priests. religious, and laypeople. These videos are available to the public for free. and provide education about Christian values. Catholic Church and its teaching. In general, they foster positive values and encourage elhical living. Future plans The charity intends to increase its income from thnations through organising various events and OLrtreach programs. Such programs are planned at various locations. In the coming year. Shalom Media will be focussing increasing the number of productions such as documentaries on the church history as well as v&ious other programs from the county and to make them available freely on the television. intemet. and apps. Methods used to recruit and appoint new Trustees The trustees review annually whether there are any skills gaps on the board arKI ajvertise trustee vacancies as they arise. Approved by order of the members of the board of Trustees and stgned on their behalf by. Tibymon Thomas Date: 09 April 2025 Page 3
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P fJ18 SHALOM MEDIA UK LIMITED (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024 Independent Examinerfs Report to the Trustees of Shalom Media UK Limited {'the company.) I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 July 2024. Responsibilities and Basis of Report As the Trustees of the company (and tts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Ala 2006 ('the 2006 ACY). 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 examinatDn, I report in respect of my examination of the companws accounts carried out under section 145 of the Charities Act 2011 ('the 2011 ACY). In cang out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examinerfs Statement I have completed my examination. I confirm that no matters have come to my attention in connection wtth the examination giving me cause to believe- accounting records were not kept in respect of the company as required by section 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 fairf vtew which is not a matter considered as part of an independent examination" or the accounts have not been prepared in accordance with the methcmjs and principles of the Statement of Recommended practi 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 olher matters in connectton wÈth 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 to the companvs Trustees. as a body. in accordance Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the companws Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the company and the companYs Trustees as a body. for my work or for this report. Signed: IP. Dated: 9 April 2025 Alexander Peal Bsc (Hons) FCA DChA James Cowper Kreston Chartered Accountants and Ststutory Auditor Reading Bridge House George Street Reading Berkshire RG18LS Page 4
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 7118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donab'ons and legacies Charitable acttvities 146,252 10,625 146.252 10.625 249,529 29,992 Total income 156,877 156,871 279,521 Expenditure on: Charitable acttvities 193,570 193.570 306, 702 Total expenditure 193,570 193,570 306, 702 Net movement in funds (36,693) (36,693) (27, 181) Reconciliation of funds" Total funds brought forward Net movement in funds 264,468 (36,693) 264,468 136.693) 291,649 (27, 181) Total funds carried forward 227,775 227,775 264,468 The Statement of Finanaal Activities includes all gains and losses recognised in the year. The notes on pages 8 to 16 fomi part of these finanaal statements. Page 5
Virtualsbnalura Transarrffj R9f. SBMJ-TYM7-6NMB 09 Apr202S 12.2.15 BST (Iirc +1} D 1r3 p eJ18 SHALOM MEDIA UK LIMITED (A company limited by guarantee) REGISTERED NUMBER: 08609055 BALANCE SHEEr ASAT 31 JULY 2024 2024 2023 Note Fixed assets Tangible assets 25,601 34, 133 25,601 34, 133 Current assets Debtors 10 81.804 125.598 92,526 142,341 Cash at bank and in hand 207,402 234,867 Creditors: amounts falling due within one year (5.228) (4.532) Net current assets 202,174 230,335 Total assets less current liabilities 227,775 264,468 Total net assets 227,775 264,468 Charity funds Unrestricted funds 12 227,775 264,468 Total funds 227,775 264,468 The company was entiUed to exemption from audit under section 477 of the Companies Act 2tK)6. The members have not required the company to obtain an audit for the year in questK>n in accordance with section 476 of Companies Act 2006. The Trustees acknowtedge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject to the small companies regime. The financial statements were approved arKI authorised for issue by the Trustees and sTrgned on their behalf by. T¥wTtrnO•¥XQS12.14iUrc•1i Tibymon Thomas Date: 09 April 2025 The notes on pages 8 to 16 form part of these finanaal statements. Page 6
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 9118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Cash flows from operating activities Net cash used in operating activities (note 14) {14.714) (112, 786) Cash flows from investing activities Purchase of tangible fixed assets (2.029) (5,458) Net cash used in investing activities (2.029) (5,458) Change in cash and cash equivalents in the year {16.743) (118.244) Cash and cash equivalents at the beginning of the year 142,341 260,585 Cash and cash equivalents at the end of the yeai 125,598 142,341 The notes on pages 8 to 16 fomi part of these finanaal statements Page 7
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 10118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 General infomiation The company is a company limited by guarantee. registered in the UIQ tt'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 the company being wound up. the liabilty in respect of the guarantee is limited to £1 per member of the company. Accounting policies 2.1 Basis of preparation of financral statements The financial statements have been prepared in accordan 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). the Financial Reporting Standard applicable in the UK and Republic of Ireld (FRS 102) and the Companies Act 2006. Shalom Media UK Limited meets the definÈtion of a public benefft entity under FRS 102. Assets and liabilities are initialty recoJnised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income Atl income is recognised On the company has entitlement to 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 entttlement, the probability of receipt and the ability to estimate wth Slrfficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient eviden that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy daims in the estate. Receipt of a legacy must be reccgnised 'Nhen it is probable that tt will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured. Income tax recoverable in relation to donations received under Gift Aid OT deeds of covenant is recognised at the time of the donation. Other income is recognised in the period in which tt is receivable and to the extent the goods have been provided or on completion of the servi. 2.3 Expenditure Expenditure is recognised once there is a legal or constructtve obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefrts wll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activty are made up of the tota of direct costs and shared costs, induding support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contnbute to more than one activity and support costs which are not attributable to a single activty are apportioned beeen 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 activikn'es is Inrred on directly undertaking the activities which further the companWs objectives. as well as any associated supwt costs. Page 8
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1rJ p 11118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies (continued) 2.3 Expenditure (continued) All expenditure is indUVe of IeCoVerable VAT. 2.4 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated deprecÈation and any acujmulated impainnent losses. Al costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. At 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 to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carying 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 vehides Fixtures and fittings Computer equipment 250A reducing balan 20 % straight line 25 % straight line 33 % straight line 2.5 Interest receivable Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the company. this is nonnally 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. Prepanents are valued at the amount Prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand indudes cash and short-term highly liquid investments wth a short maturty of three months or less from the date of wuisition 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 required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount Ihat the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the arnntS required to settle the obligation. Where the effect of the time value of money is rnaterial. 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 liabilty. The unwinding of the discount is recognised in the Statement of financial actiwties as a finance cost. Page 9
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 12118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies (continued) 2.9 Financial instruments The company only has financial assets and finanal liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value wtth the exptIOn of bank loans which are subsequently measured at amortised cost 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 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 legacies Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Donations 146.252 146,252 249,529 Total 2023 249,529 249,529 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Income from charitable activities - Subscription income Income from charitable activities - Conferences and events income 7.752 7.752 8.629 2.873 2.873 21,363 Total 2024 10,625 10,625 29,992 Total 2023 29,992 29.992 Page 10
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1rJ p 13118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Anatysis of expenditure by activities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total fvnds 2023 Charitable actiwties 115,091 78,479 193,570 306, 702 Total 2023 214,994 91,708 306, 702 Analysis of direct costs Total funds 2024 Total fvnds 2023 Magazine costs Meeting and programme expenses TV broadcasting expenses 13.273 11.418 14,381 30,712 169,901 115,091 214,994 Page11
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1rJ p 14118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Anatysis of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total fvnds 2023 Staff costs 38.232 10,561 53,319 6.869 897 Depreciation Travel Printing, postage and stationery Telephone Legal and professional fees Other costs 5.574 1.242 578 6.608 1,952 1,094 8,513 6,550 (61) (238) 291 9.304 6.950 (970) Rent Bank charges Difference on foreign exchange Advertising costs Repairs and maintenance Studio expenses Motor expenses Governan costs 2, 720 682 208 773 662 1.425 1,850 78,479 91,708 Independent examiner's remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £1.425 {2023 - £1,400). Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 36,307 1.451 474 50,047 2.693 579 38,232 53,319 Page 12
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 1Y18 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Staff costs (continued) The average number of persons employed by the company during the year was as follows: 2024 2023 No employee received remuneration amountir¥J to more than £60.000 Fn either year. Key management personnel comprised the directors. None received any remuneration in the year (2023 - £nil) Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other beneffts (2023 - £NIL). During the year ended 31 July 2024. no Trust expenses have been inCued (2023- £NIL). Tangible fixed assets Plant and machinery Motor Fixtures and vehicles fittings Computer equipment Total Cost or valuation At 1 August 2023 Additions 46,871 1,666 26.663 3,825 4797 363 82,156 2,029 At 31 July 2024 48,537 26,663 3,825 5,160 84,185 Depreciation At 1 August 2023 Charge for the year 32,768 3.769 6,666 3,792 16 4797 48,023 10,561 At 31 July 2024 36,537 13,332 3,808 4.907 58.584 Net book value At 31 July 2024 12.000 13.331 17 253 25,601 At 31 July 2023 14,103 19,997 33 34, 733 Page 13
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 16118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 10. Debtors 2024 2023 Due within one year Other debtors 81.804 92,526 81.804 92,526 11. Creditors: Amounts falling due within one year 2024 2023 other taxation and social security Other creditors 1.297 772 1.232 441 Accruals and defeed income 3.159 2,859 5,228 4,532 12. Statement of funds Statement of funds - current year Balance at 1 August 2023 Balance at Income Expenditure 31 July 2024 Unrestricted funds General Funds- all funds 264.468 156,87T (193,570) 227,775 Statement of funds - prior year Balan at 1 August 2022 Balance at Income Expenditure 31 July 2023 Unrestricted funds General Funds- all funds 291.649 279,521 (306, 702) 264,468 Page 14
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1rJ p 17118 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 13. Anatysis of net assets between funds Analysis of net assets between funds - Current period Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets 25,601 207,402 (5,228) 25,601 207.402 {5.228) Creditors due within one year Total 227,775 227,775 Analysis of net assets between funds - prior period Unrestricted fvnds 2023 Total fvnds 2023 Tangible fixed assets Current assets 34,133 234,867 (4.532) 34, 133 234,867 (4,532) Creditors due within one year Total 264,468 264,468 14. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net expenditure for the period (as per Statement of Financtal Activittes) {36.693) (27, 181) Adjustments for: Depreciation charges Decreasel(increase) in debtors Increasel(decrease) in creditors 10,561 10,722 696 6,869 (91, 159) (1,315) Net cash used in operating activities (14,714) (112, 786) Page 15
VirtsJ8lSkJnaiur8 Trans(¥1 Ref. SBMJ-TYK17-6NMB 09 Apr202S 12Tr.15 BST IIKrc +1} D 1r3 P 1PJ18 SHALOM MEDIA UK LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 15. Anatysis of cash and cash equivalents 2024 2023 Cash in hand 125.598 142,341 Total cash and cash equivalents 125,598 142,341 16. Analysis of changes in net debt At 1 August 2023 Cash flows At 31 July 2024 Cash at bank and in hand 142,341 (16.743) 125,598 142,341 {16.743) 125.598 17. Pension commitments The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independenuy administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £474 (2023 - £579). 18. Related party transactions The company has not entered into any related party transaction during the year. nor are there any outstanding balances ow5ng btheen related parties and the company at 31 July 2024. 19. Controlling party The ultimate controlling party is the Trustees as detailed on page 1 of the accounts. Page 16