Charity regtstralion number.. 1162772 The Church and Media Network (A clwit#bl¢ in¢orporat¢d orgaDisation) Annual RetMIrt and Fin¢7&] Statem¢nts for the Year Ended 31 DKember 2023 McKellen5 Ltjnited 11 RiverYi¢ws The EmbaDkm¢nt Bines% P8rk Vale Road Fleaion Mersey Stockpo SK4 3GN
Tbe Church and Media Network Cootents Trustees, Report Ilolo Statement of Finamcial Activities Balance Sheet 12 Notes to the FiDancial Stlltetneuts 13 to 18
Church & Media Network (Chrlstlans in Medla) Trustees Report 2023 Trustees: Steve Cox {Chair) Iresignin8 l July 20241 Rebecca Chapman Paul Young (resigning l.july 20241 Tobi Rachel Akingbade (resigning l.ju 20241 Lani Charlwood Josie Gamble Sandra Godlev Carol Sun-Schu5ter (appointed 13 May 20241 Tolu Adebekun (appointed 13 May 20241 Dr. Craig D Forrest (appointed 13 May 20241 Principle Office: PO Box 295 Sidcup DA15 OGL The charity is incorFM)rated in England. Charity Reglstratlon Number 1162772 Independent Examiner Paul Roper FCA McKellens Limited Chartered Accountsnts 11 Rivervlew The Embankment Business Park, Vale Road Heaton Mersey Stockport SK4 3GN Page I
Church & Media Network (Christians in Medla) Trustees Report 2023 The trustees, who are direttors for the purposes of company law. present the annual report together wlth the financial statements of the charltable company for the year ended 31 December 2023. Objects and Aims: The promotion and advancement of the Christian rel¥ion for the public benefit through the broadcast, electronSc and print media in Britain and Ireland, 2023 Report: For the Lord is good ond His love endureSfoVer Hlsfvithfulness continue5 through all generotions (Psolm 100..5J As the session on leadershlp came to an end, a forest of delegate'5 amis shot into the air eager to ask their questlons. A young woman in her twenties, at the back of the hall, was desperate to grab the microphone. She slood to her feet and began. "I work in rndio. I do some INe presenting and Vol pieces." There was a long pause, and the delegates waited for a question on leadership. 8, to everyone's surprise. she asked- "Am I the only Chrlstian who works in media7° As Christians, God calls us to be in the world, not of the world. We do not leave our faith at the church door. We are called to serve beyond the church walls, and that include5 our places of work. For this young lady, medla is her workplace.. an area o* public life that 15 often criticised. She felt alone, unsupported. How can she live out her faith in an environment that can often seem so anti-faith, even antilhristian? Throughout 2023, this was just one example that provkjed the motwation for our programme of in-person and online actlvltles. 'Chrlstlans in Media, e$t5 to support, encourage and inspire Christians just like this young lady and the many hundreds more working in, and with, media who feel alone. unsUPPOrted. This report will highlight God's continuing faithfulness, which knows no bounds. His love endures forever. First, let us remind you ofwho we are and who we stand for. Why we exlst qMis5ion) To support, encourage and inspire Christians who work in. and with. traditional and non-traditional media What we believe In and how we will behave {Our Culture) We believe in, and shall endeavour, to uphold and maintain the highest standards of integrity, truth and falrness in every area of the charitws activities. relationships and general conduct We believe in equal opportunity for all, modelling genuine gender and ethnic balance We respect and uphold reasoned, good mannered debate We believe in accountability and reswnsibility in all our activities and dealing5 We believe in justice and dignity for all We believe in upholding, and living out. the Godly principles of love, grace and compassion We believe in the Godly principle of communty What do we want to see (Wision) To see Christians working in, and with, traditional and non-tradtLional media flourish and become key influencers for the Klngdom T0 See churches engaging positively wtth the UK media To see the Ilfe-afflrming Gospel message of faith, hope and love increasingly reflected in the UK media content Page 2
Church & Media Network (Chrlstlans in Media) Trustees Report 2023 What does this look Ilke We support the hlghest standards in media We wantto give our backing to the vast majority of people working in the rnedia as they strive for integrity and truth. We want to encourage Christians and other people of faith and goodwill to consider it as a calling. We want to support all those worklng In and with the media in our churches, includlng; church leaders and communlcatlons officers who help to portrdyand interpretthe Church's role in oursociety From national newspapers to communlty radio, from websites to specialist publications, from TV networks to blogs, all have a Wdluable role to play. Churches are parts of internatlonal and natlonal network5- so a thrivin8 global and national media matters to us. We want to know about our world, its celebratlons, its problems and its joys, and we need a thriving media to help us engage with it. Churches are communities of believers rooted in local areas. So the local and regional media matter to us- they are vital parts of our communities, and help to hold those communitles together. In difficult economic and social times, we need a strong and courageous international, national and local media, working to the highest ethical standards. We want to play our part in ensuring that we have a thriving media. committed to truth. and in affirming- and challenging- those who work within it. The following pages look at our 2023 progrnmme of activities from four ke strat ic ers ectNes: l) User Beneficia Pers ective: i) Mentoring programrne: The programme is now in its thlrd season. While it offers skills developmenL it is firmly rooted in our Christian faith. Here is a brief understanding of its purpose= What does it do? Blends faith-based guidance. prJtti(31 media skills development with the invaluable wisdom of seasoned media professionals, mentors. The programme seeks to expand existing industry skills, and knowledge, via mentor relationshlps and targeted sessions, aligned to our central pillars ofr. Storytellin& Media Mind-set and Faith & Integrity. Enables mentee5 to lead and shape the ever-shifting media landscape through their unique capabilities Who's it forP Anyone aged 18-30 who has a passion for their faith and media, and anyone who want5 to work in media but is unsure about their direction. Also. for anyone currentty working in media but wanting to take the next step.. anyone who's Studying or at university and looking for a media role. How does the prograrnrne help7 Page 3
Church & Media Networf( (Christians in Medla) Trustees Report 2023 Equips mentees With industry related skills and knowledge. It gNes crucial guidance about how to navigate a broadly secular industry as a person of faith. It creates opwrtunities to make important connections with experienced medla professionals and supports, and encourages, so they can flourish in their faith and be Kingdom influencers. We are so grateful ro our amazing mentors, who glve their tlme and experience so generousty. To see who they are, and hear from the mentees who have iaken advantage of this great programme. go to.. htt www.christiansinmedia.co.u mentorin ro ramme Onllne Lunchtime Prayer Meetings: Whether you work in your church media team. in the media ana your*lf. or feel led to pray for this induttry, media impacts all of our lives. That's why we're committed to pray for media through our regular online lunchtlme prayer meetings. Each time we pray into different industry area5 from publishing to photography, and podcasting to produclng. We're encoura8ed through our speakers sharing how God is working in their lives and fellow5hipping together. In 2023. we were so grateful to our guest contributors, who came from so many drverse areas of the media world. Those who joined our lunchtime gatherings were encouraged and blessed in equal measure. Here 15 just one example of the Impact of our Lunchtime Prayer Meetings: "It wos greot. I wos reolly inspired. l immediotely messogedafilmmakerfriend und reminded him of God s great power to do great things." Gotohtt www.christiansinmedia.co.u online-lunchtime- er-meetin s for more Infomiatlon. Falth In Medla Podcast Launched in July 2023, 'Faith in Media. is our Christians in Media podcast. Hosted by Carla Adebekun, it explore5 unique stories of believers bringing salt & light into a challenging industry. The podcast offers some honest conversations about how our guests occupy both Secular and Christian spaces, giving voice to thought-provoking topics that will challenge and inspire anyone interested in the worfd of media. It is available on SkM)tify, Apple and YouTube platfonns. We are 50 grateful to a dedicated team of volunteer5 who continue to source and produce top quality guests that bring so much truth and wisdom to the conversation. The 'Faith in Media. team= Host: Carla Adebekun, Executive Producer.. Rebecca Chapman, Producer. Max Avard, Researcher.. Chadotte Coe, Assistsnt Researcher: Joel Solomon, Head of Operations: Jocelyn-Anne. Iv) Regional Hubs We're creating a netwo of UK hubs with brilliant hub leaders bringing our community together in their region. The hubs are a place to meet like-minded Christians to buil(i lationShipS and talk about all things faith and media. It is place to be inspired, supported and encouraged.. a place to share knowledge. collaborate and learn from each other. While we recognise that thi5 is a longer tem goal and proce55. we feel that gIOnal gatherings of Christians working in, and with. media are so important. At the tlme of writing this report, we have connected with Bristol, Leed5 and Brlghton. But, there is much more to do Natlonal Day of Prayer for the Media 2023 °When l joined our church ulmost 8 years ogo. I wus womed they would think theirnewpastorfs wift wa5 0 Strange creature with herpenchontfor writingfirtion, tolking on the rodio ond spending time on soclol medio. Page 4
Church & Media Network {Christians in Media) Trustees Report 2023 I was delighted toflnd two other wrltsrs in the church, os well os two artists ondsomeone who worked in Christian publishing. It wasn't until thi5 yet7r that ifeft bmve enough to ask rfwe could toke some time in the service to pray together on the National Doy of Prayerfor the Media. On Sunday 29 of October, I led the service. ondincluded in the widerpmyersfor mdio, TV, journolism andsocial media was a speciol requestfor a lotol church who I'm aborrt to start to help getonline. They hove no one with tech expertise In theAr church, but they all hove a real de51re to reach beyond theirfour walls. Not manypeople prayed oloud but I trusted that oll were pr(rying in their hearts. After the service, one of our older members came to me ondsoid he wos 100% behind whot we're doing, he couldn'tproy out loud because he hudn't got the words. but he wonted u5 to know he wa5 With u5. It wos greot to hove the slide5 provided by'Christian5 in Medirf. Atso. in their Focebook rou I t75kedforsuggestions forsongs to sing. Thonks to those who responded. Wesang the new words to Eventide (Abide with Me), pruying God will transform. restore ond heol socie. Next ye(Jr I will be more preparedl I will ffloke sure ivs mentionedin ournewsletter in thIanCe ond hopefully get one or two others involved. For afirst go, we were very happy with how it went ond I'm so glad I got over my hesitation ondsuggested it.. Just one positive comment from a Christian leader, who encouraged their church to set aside time to pray for our UK media, and for those called to Serve in this crucial public space. IVS encouraging to know that churches, prayer groups and people were praying all across our land & beyond. Together we stood and prayed for this crucial industry, for the people behind the role5, for those in our cOnggatH)ns who work within the media arena and for church media teams to shlne out the Gospel message. In 2024, the National Day of Prdyer for the Media is going global. Christians in Media 15 collaborating with brothers th and sisters across the world to hold a 24 hour prayer event on Sunday. 27 October. For more details, go to.. htt www.christiansinmedia.co.u 4media Webslte & Coms Pl*forms In 2023, we committed time and money to improving our website. Today, it is more accessible, easier to navigate and look5 far more professional. Thanks go to our trustee, Josie Gamble, and our Head of Operations. Jocelyn-Anne for their guidance and expertise in bringing this to fruition. We continue to develop and improve our communication platforms, usin8 creative graphics as well as improved messagin8. We recognise that media is fast moving, and many Christians occupy so many new media platfom)s. It is important we Serve the many Christians. who work, and use, these new media plarforms as well as continuing to serve Christians working in mainstream media. The box below illu5trate5 the impact of these improvements that have led to increased traffic to our very important communication plarfonns.. Social Media & Web Site Analytics Web51te Traffic= Sept- Dec 31 2023 (Dates of new webstkel (Old web site now expired) Uni ue Visitors Wisits Pa e Views 7.8k 7.9k 2.7k l+lOO% yr. /yr.I l+IC% yr. /yr.I l+lOO% yr. lyr.) Pagc 5
Church & Medla Network (Christians in Media) Trustees Report 2023 lalm ia Platfomis: Twitter IX)- 2.4k 1+1.01 Facebook Iclosed membershipl- 844 {+5%1 Facebook corporate account- 325 members1+27%1 Instsgrdm- 1.046 followers1+62%) YouTube- 410 subscribers1+12%} Linkedln- 225 followers (new figures) Newsletter. 735 subscribers {post GDP) Open rate-4050% Industry average- IO%-15% 2) Flnanclal Pers ectlve In October 2023, Christians in Media divested some of its assets into an investment fund. Some £30.000 was transferred from our CAF Cash and Gold Attount to CCLA Investment Fund. which provides a return of 5.1% per annum. This decision is crucial to maintaining an emergency fund for all future activities, including staff costs. Al the tlme of writing this report, the charity has the following in its accounts: CAFCurrent Account: £31k CCLA Investment Fund= £30k (plus interest) To help the charity with its financial management, we welcomed Kamau Picord to the role of Finance Administrator. Thank you, Kamau, foryoursupport and hard work behind the scenes. The charity continues to explore news sources of revenue, and has reached out to grant funding organisations over the course of the year. Meanwhile, we are gratefvl to individual donors. who support the work of the charity through their giving. ratlonal Pers ectlve: In 2023, the charity maintained a stable operational structure, and a consistency at Board level. At the time of writing this report, the charity is preparing for considerable change. In July, 2024, IWO trustees will be stepping down. We will be saying'goodbye. to Tobi Rachel Akingbade and Paul Young (Kerensal, who have served the charity so well. We are so grateful for their willingness to contribute to the work of Christians in Medla in so many practical ways, in addition to ensuring the charf(y is governed well and to God's glory. Page 6
Church & Media Network (Chrfstlans in Media) Trustees Report 2023 While this is a significant loss. l arn delighted to report that the charity has appointed three new trustee5, who will bring fresh energy along with their much-needed expertise, experience and passion. We welcome Carol Sur Schuster, Tolu Adebekun and Craig D Forrest to the Board, and pray they will make a Significant contrIblOn to the life, work and ministry of the charity. Chrlstians in Media continues to operate wlth a tsam of freelancers and volunteers. Our Head of Operations, Jocelyn-Anne, has helped to raise the chariV5 profile. and deliver a strong programme of in-person and online activities in a highly professional manner. We are so grateful for Jocelyn-Anne's gifts and talents, and an ability to engage with a wide variety of people in a generous and humble manner. Looking forward, it is imF)Ortant the charity explores, and implements, an organi5ational strurture that serves the mission and delivers an innovative programme of relevant activtties. 4) Learnin & Growth Pers ctlve We contlnue to explore ways in which we can demonstrate growth. and are cost effective. The Board is very conscious of limlted financial resources, and are keen to target attivitie5 effettivety- Much of the data is anecdotal and, therefore, very difficult to quantify. However, it is important that we seek to show the outcome5 and Impact of our activities. as rellerted in the 'at-a-glance' tsble below. You will note that much is anecdotal, gathered from those who have benefftted. The Mentoring Programme is an excellent example: Outputs: Immedlate results to our activitie5 Outcomes: Medium & long term benefits to recipients Benefidarles: Impact: Long term Event attendance figures ricket sales Sponsorship deals Newsletter subscribers Twitter followers Instagram followers YouTube subscribers Facebook membership tinkedln followers Testimonies/stories Number of churches participating in National/Global Day of Prayer for the Media Prayer Walks participation 'Christlans & secular medta coverage 'Prayers on Premier etc. Lunchtime Prayer MeetinEs guests & partlcipants *Speaking on behalf of Christians in Medla at Conferences Benefidarles: al Still in media, now at higher level with influence to Shape culture & narrative b) Important advocates for the 'Christians in Media, family cl Willing to be key mentors to the next generation dl Experienced at dealing with difficult social, ethical and ligIon issues el Improved media relati0Tr5hip wlth churche5 fl Potentially take 'Christians in Media, and its mission to other countrie5 gl Increased collaboration wlth UK & International organisations a) Understand their purpose in media bl Feel connected to Christian brothers & sisters working in media cl Feel inspired and encouraged in their faith dl Endorsement of media a5 a valid career for Christians el Receive valuable tools and tIPS n Able to help their church engage with their media glReceive help with career opportunities i) Mentees helped to progresslmake impact in their media career ]) Blessing other charities & organisations 5) Lookin Ahead to 2024 25: Page 7
Church & Media Network (Christians In Medla} Trustees Report 2023 Christians In Medla 'En e, Conference- Ortober 17 2024 at st. Martin-In-the-Fields London is the date of a special gathering of Christians in media together for transformative impact. Speakers at the conference Include, Chlne McDonald, Cole Moreton. James Poultsr, Slmon Thom?5, Ems Hancock. Our host forthe conference is Sandrd Godley OBE, BCAa. As Chrlstlans in thi5 dynamic arena. our commitment to truth, integrity and the expre551on of falth face5 constant challenges. Through community, vision and training. Christians in Media rise to meet these challenges. Our commitment to being pastoral, prophetlc and pioneering positions us as a vital support System for professionals in both secular and religious media. At our'Engage' Conference. we will tackle the critical questions resonating deeply in our current climate: How do we d15agree well? Navigating disagreements with grace and respert in a polari5ed media landscape What role does Al play In the future of medla? Explorlng the ethical implications of artfficial intelligence in shaping media narratives How do we protect our mental health In thls pressured and highly ¥i5ible professlon? Addressing the uniqtje challenges of maintalning mentsl well-being in the fa5t-paced world of media For more detsils, and lo 0k your tlckets, go to htt www.christian5inmedia.co.uk en e2024 Mentorln Pr ramme- The Board has agreed to undertake a review of the programme, exploring opportunStles to reduce costs and generate new income. This year, the third season will culminate with a special presentation to mentees at the 'Engage' Conference that will recognise their commitment to the programme. We contlnue to be excited to see, and encourage, the next generation using their creattve skills and abllities to help shape the media landscape. It is crucial that the charity acknowledges the new media plafftsrms, as well as serving Christians working mainstream media. This year, Christians in Media worked very closely with United Christians Broadcasters IUCBI and their Kingdom Academy. and will be seeking to develop other, exciting collaboration5 in the future. Onllne Lunchtlrne Pra er Meetln This inexpensive initiative has been a great success, and we will continue to plan and promote more meetings over the course of the next few years. It is important to monitor its progress, revlew and update. However, prayer is at the very heart of who we are, and this activity fits into our mlsslon purpose like a nice warm glove. Our next meeting5 are in June. September and November. *Global Da of Pra er for the Medla October 27th.. We are so exctted to be collaborating with Christians in Media and Arts. Australia, Chrlstian Broadcastlng Assoclatlon, New Zealand and the Hollywood Prayer Network In a special global prayer initiative. Prayer is central to our faith and to Chrlstians in Medo. We've had a National Day of Prayer for the Media for over a decade. On Sunday 27th October we ask Christians. chltrches and prayer groups to set aslcle time to pray. Our Global Day of Prayer for the Media shows our commitment to stand alongside all those who work in this arena through active and heartfelt prayer. Corporate prayer is powerful as we raise up our voices across the UK and beyond. We're praying for: The people behind the profession. For the challenges they fa in their personal and work lives Church media teams & for positlve relatlonshlps with their local media Local, regional, national and social media secular and Christlan Media to gwe a voice to the voiceless and to be held to account Christians in media hold firm to Biblical beliefs and convictions, courageously presenting the truth with integrity and without bias or agenda. Page 8
Church & Medla Network (Christians in Media) Trustees Report 2023 To Bet involved, 80 to htt Pra er Walks: Having just completed a very special London Prayer Walk from All Souls, Langham Place to St. Martin-in-the-fields, in support of the global prayer initiatNe, Thy Kingdom Come,. we are looking forward to holding more walks in the coming years. In line with our alm to support local gatherings, we invite Christians who work in, and wth, media to coordlnatellead a locol Prayer Walk. It may be from thelr local church, or simply a gatherlng In a local park. Let U5 know, and we will help where we can www.christiansinmedia.co.u 4media 1 Falth In Media, Podcast: Launched in ju 2023. this podcast has been well received, Hosted by Carla Adebekun, and produced by a great team of creative Christians, we have been able to hear from some wonderfLtI guests across the diverse world of media. We shall continue to bring you stories of great hope an(i encouragement. look to develop produttlon values during 2024 and 2025 and make it a must-listen for all Christians who work in, and wlth, media. Governance: It Is Important to 5UStain, and grow. the quality of the Trustees Board. To asslst in this process, the charity has implemented a Succession Strategy that will monitor and audit skills at all levels in the charitls orEani5ation. In view of the size of the charity. trustees will need to be proartive, and play a key role in malntaining the growth of the charity over the next 3-5 years. As Chair of the charity that runs'christians in Media,, my term omes to an end in July 2024. Plan5 are in place to appoint a successor at our Trustees meeting in July 2024. Re lonal Christians in Medla Hubs: At the time of writin& Christians in Media is speaking with supporters in Leeds, Brighton and Bristol to develop the ministry and work of the charity. Progress is slow. so it is important that we hear God's Vol In developing these relationships. Local communities are so important, and will help to both expand and raise Christians in Media's profile. *Raisin Public Profile & Volce- 2023 Saw a si8nificant rise in the charitvs profile. Much of thi5 15 down to our Head of Operations, Jocelyn-Anne, who has reached out to many organi5ations across the UK and the world. Evldence of this growth can be seen with our Global Day of Prayer for the Media on the 27 October thi5 year, the success of our Lunchtime Prayer Meetings and the planned 'Engage' Conference to be held at St. Martin-in-the fields. However. there 15 50 much more to do, and the potential is enomious. 61 Summary Last year, this report highlighted three areas that needed attention: Increase income through 8rants, voluntary gNing by beneficiaries and ticket sales Continue to improve our social media presence. especially reaching a generation of younger Chrlstlans Develop a 'gold Standard, web site that attracts, explains and excites l am delighted to report that we have Considerab improved our social media presence, continuing to reach a younger generation. We have also completely redesigne(l our website, which is a substantial improvement. However, we still need to increase the chariws income through grants, voluntsry givin& ticket sales and innovative ways of raising money. Our deslre. and very existence, is to continue to support those who a called to serve in this important and crucial area of public life. We will seek to be a Vol for the voiceless and call out injustice where it is seen. and unseen. We will hold those in powerto account. And, we wlll seekto help young Chrtstians to See media as a wonderful opportunlty, and a calling to help shape the media landscape in the name of Jesus. bl I would like to take this opportunity to thank so many people, who continue to support the work of the charity. We are grateful to those who have donated their time and money. It is such a wonderful affirmation of the call that God has placed upon the charity to corrtinue to support Christians worknng in, and with. media. Our dream is to see the rapidly changing media landscape changed to reflett the love, gra and compassion of our Lord Jesus Christ. This can only be done through the people called to serve in this crucial area of public life. Page 9
Church & Media Network Ichrlstians in Media> Trustees Report 2023 As Chair of the charity for the past nine years. it has been a privilege and honour to serve. This is my last report. The charity welcome5 new faces, new energy, and new ideas. It 15 a sign of a healthy organisation when changes are made at Board level. As we look to the future, we are greatly encouraged. We know that God is in control. and those who follow wlll play thelr part In supporting, encouraBinB and inspiring Christians who work in the very diverse public space called medla. Steve Cox Chalr, Church arKI Media Network (Christians in Media) May 2024 Page 10
The Churcb and Media Iyetwork Trustees, Report statement of Irustee5' respoDsibilitie5 The truste¢5 (who ar¢ also th¢ dir¢thrs of Thr Chur¢h and Media Nelwork for the pws of company law) are responsible for preparing the Ite¢s, rryrt and th¢ fm*Dcial statements in accorCe with applicable and United Kingdorn Accounting Standards IUDited Kingdom G¢nernlly Ae(¢ptod Arwutititig Practice). including FRS 102 "The FinaDcial Rep)rtiug Stsndard applicable in th¢ UK atsd Republic of tTelaud" Company law reqL]ircs the tr¥tee& to Prepa financial ststements for each fitwicial year. Under compally law the trustees must not approve the firl¢la1 ststcments Unl the), ore satisfied that they give a trne alld fair view of the state of affairs of the charitable company and of th¢ in¢orning resources and applicati(yn of resoureeg, including its income and expenditure. of the clwitable Company for that p¢ri(xt In prepartng th¢$e financial statements, the tnjstees are required to.. select suitable accountiDg policL¢5 aud apply theuj consiWtIy' observe the methimjs and principles ill the CharitiK SORP. make judgements and &%timates that are re&wnable and pn stat¢ whther appli¢able accollw standards comprising FRS 102 have been followed, subject to any material dapthures disclosed and explained in the financial statements; 8ud prepar¢ th¢ fJnall¢iaI statements on the goiDg concern basis UDles5 it is inappropriate to presume that the haritablE rowany will colltillue in business. The trustees are reswnsible for keeping proper acc4)unttDg records that disclose wtth reasonable at atty time the financiRI position of the charitsble companv and enable thetn to enswe that the financial statements Comply with the Companies Act 2006. They are also reswnsible for Safeguding the assets of the charitable eomp8ny and hence for taking rv&8onable steps for the prevention and detIOn of fraud and other irregularities. The trnsteeg are responsible for the maintenance and integrity of the wo)orate and financial information included on the charitable companys website. LegiSl10n governing the preparation and dissemination of financial stat¢ments may differ from legislation in other jurisdictions. The annual report wa5 approved by the tnTSt¢es ofthe chxrtty on 24 Juty 2024 and signed on its behalf by: Scox Tntee Page 10
The Church and Media Thelwork Statement ofFinaneial Activities for the Year Ended 31 December 2023 (Including Incom¢ and Eipenditure Account and Statement of Total Recognised Cains and Losses) Total 2023 Unrestricted Nots Intome 2nd Endowments from: Donations and l¢ga¢ies Investtneni income 2.681 274 2.681 274 TDtal tncome 2.955 2.955 Expenditure OD: Charitable activities (23,296) (23.29 Totsl Expendittwe N¢t eXpdilUre Net movement in fillS 23,296 23,296 (20,341) {20,341) (20,341) Re¢oneiliatloll ofrllnds Funds brought forwaTd 84,736 Totsl funds CaTied forward io 64,395 64,395 Total 21122 urestrICtl Rostricted Ilote lllcome and EThdowmellts Irom: Donations and legacies Illvestment income 13,323 117 7,8¢M) 21.123 117 Totsl in¢ome 13,440 7,800 21,240 Expendlture on: Charitable activities (19,882) (8,070 27,958 Totsl expenditure Net ¢xpendity Net movement in fu15 (19,882) (8,076) (27.958) 6.442 276) 16,718) (6,4t42) (276) (6,718) ReconciliRtiOD of fulld5 Funds brought fonyard Totsl fithds ¢aTried fonvard 91,178 276 91,454 io 84.736 84,736 All of the charitys &ctivities derive wntinuing operations thwing the aErfJv¢ peri(KL The not¢8 on pages 13 to 18 fonn an inte1 part of these fitmncial slat¢rnÈnts. Page li
The Church and Media Tretwork (Registration number. 1162772) Balance Sheet as at 31 Deeember 2023 2023 2022 Note Current assets tnvestsnenis C&gh at bak And in iO.O(M> 54,863 86,503 64.863 86,503 Creditor5". knoujjts falling dlle wlthln one year 468 1,76 Net Assets 64,395 84,736 unds of the charity: Unr¢¥trlcted llleome funds Urwestrithd fiulds 64,395 84,736 Total funds io 64.395 84,736 The financial statern on pages I I to 18 were approv¢d by the trrte8S. and authoTi5ed for issue on 24 July 2024 and signed on theirbeha]f by: Trustee The notes on pages 13 to 18 form an inte1 p8rt of th&se fiDollcial slat¢mellts. Page 12
The Church and Media Network Notes to the Financial Slatements for the Year Ended 31 Deeember 2023 I Charity statUS The Charity is a ¢hJritsbl¢ in¢oTporated organisalion and ¢onsequentty does not have shar¢ ¢apito1. The address of its registered office is: PO Box 295 Sidoup DA15 OGL thored for As ue date 2 Aeeountlng pollcies Summary of significaDt accoulltillg policie5 Itey estim8tes Th¢ prin¢ipal ac¢ounting policies applied in the preparation of these fjnancial statements are set out below. Th¢3¢ polici¢8 h&v¢ be¢tt coDgi8i¢tttly applxed to all tb¢ yeats presents4 urdess otherwise stated. StAtsmellt of compll2lle¢ The f]nancial staments have been prepared in accordance with Accounting and Reporting by Charities.. Ststement of Recon)Trended Practice (applicable to charities preparing their accouDts in arxordance with the Financial Reporting Standard applicable in the LTK and Republic of Ireland (FI 102)) (issued in October 2019) - (ChltIeS SORP (FRS 102)). the Financial RertIng Standard applicable in the UK and Republkc of Irelpnd IFRS 102) and the Companies Act 2006. B4sis of preparation Thc Church and Media Network meets the definition of & public benefft entity llnder FRS 102. knets and liabilitics are initially r0£Ised at hi5tOTical eosi or tr8rtstietion vx]ue un]ess othentyise stated in the relewdnt ounting policy notes. Going concer The trustees consider that there are no llterial uncertainties about the charity's ability to continue a% a going ott¢¢rn norgny sigllificottt areas of uncertainty that affect the carrying value of assets held by the charity. Goverllanee costs These include the costs attributable to the c]wity'5 compliance wtth coJ)stitutional alld statutory requiremellts. i]Lcluding audiL strategic management alld trust meetillgs and Term51 ¢%n5¢s. Taxatio Thc charity is ¢oThgidered to pw the tests set out in Parawh I Schedule O of the Finance Act 2010 and therefore it meets the definition of a eb3rilxble eomp2ny for LK corporation tax purposes. Aecordingiy, the charity is potentia]ly exempt from trxatioll in re5PeCt of incoD)¢ or eapital gains weived Mithin tAtcgories covered by Chapter 3 Part i l of the CoTpornii¢m Tax Ad 2010 or s¢¢tiO 256 of the Ttxation of Chargeable Gains Act 1992, to the exteni that such illcotne or g4in5 are applied ¢x¢lusiv¢ly to ¢haritabl¢ pvrposes. Current a&5et investments Current asset illvestments are included at the lower of cost and Det realisable value I rnaet value. Page 13
The Chur¢h and Media Network Noles to the Finanei21 Statements for the Year Ended 31 December 2023 Cash and cash ¢q1valertts Ch and casb equivalarts comprise on knd and call deposits, and otber short-temi highly liquid investtnents that are readity convertn)le to a amount of casb and are subjert to m insignificant risk of Iwge in valu¢. Borrowlugs tnterest-bearing borrowings are Initlty recorded at fair value. net of traDsactiou costs. TDt¢re$t-arlThg m)wings are subsequently caThied at amortised cosL with the difference between the procttds, net of transaction cost4 aDd the amount due On redernption being recognised as a charge to the Ststement of Financial A¢tivilles over tbe period of the relevant bOOw1 Interest ¢xp¢n8e is re¢ognis¢d on the basis of the effectiv¢ int¢r&%t method wd is incltknfrd in interest payable and 8imilar ¢harge$. Borrowings ar¢ classified as ¢ury¢nt liabiliti¢s unl¢ss the charity #n un¢ondtliollal right to d¢fer settlement of tbe liability for at least tw¢lve onthS aft¢r the reporting dat Vund structure Unrestricied income fidS are g1 fi]n&s that are available for use at the ttvstees discretion in furth¢Tance of the objectiv¢g of the clwity. Flnanelal Itruments Cth&wlJ1cao Financial assets and financial liabilitie5 aTe 0]Sed wh¢n the clwity bewNes a p4rty to the contrdCtLI provisions of the iDStrumenL Financial liabilities and equty 1tnellts are classified according to the substance of the trttl arrollgements entered into. An equity instnent is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Reeognlllon anamearemeM1 All than¢ial assets and liabilities are initially naSured at tr8nsaction priLX (including ttxllsaction costs), except for thos¢ finJn¢ial assets classified as at fair fvxlue througb profit or to. whicb are initially Jneasured at fair value {whi¢h is nomially the trattsaction price excluding tra1Ction costs), unless the arrangement constitutes a finartcitig transa¢tion. If on arrangement ¢omstittrtes a finanetng transactioffj th¢ financial asset or fmancial liability is measured at th¢ PTes¢nt Ya]ue of the fittur¢ payments di5¢0unt¢d at a maTk¢t rat¢ of interESt for a sinjilar debt iDStnunent. Financial &4ets and liabilities aTe Only offset in the statement of finmcial tM)sition whw and onlv Mhen there exists a legally enforceable right to off the recognised amounts and the charity intends either to settle on a b&8is, orto realise the asset and settte the liabi]ity' simultsneously. Financial assets are derc¢o15td when and ollly when a) the contrydcttthl rigbts to the cash flows frm the financial a55et expire or are sett1c b) thc ¢harity trallsfers to aDother paty 5ubstsllti8lly of the risks and rewards of owiership of th¢ financial et. or c) tb¢ clharity, despite having relAined some, but not all, sigllificant risks alld rewards of OFmer5hip. Iw traDsfrtTed control of the asset to another party. Fit]allci41 Jiabiiities are derecognised onty when the obligation specified in the contract is discharg¢& catt11 oi expir¢$. Page 14
The Chureb and Media INcÉwork Note8 to the Finaneial Ststements for the Year Ended 31 Deeember 2023 3 Income from donation5 and kgacica Unr¢strl¢ted fndS GeD¢r31 Totsl 2023 Totsl 2022 Donations and legacies. Donations from COTT81¢9, trusts and similar proceeds Donations from individuals Legacies Grants, illcludllw capitsl gTants" Grants from other clwities 1,795 886 1.795 886 loo 1,766 11,457 7,800 2.68l 2,681 21,123 4 Expendlture on charltable 2Ctlvfitles UDreJtricted Totsl 2023 Total 2022 General Note Mentoring progrJmm¢ Mentoring PrOan)me Christians in Media service Newsl¢tt¢r Freelauce fres FreelCe fees Sundry expeJ)seg IT costs Bank charges Governance costs 4,470 8,990 7,062 103 3,606 4.722 406 106 406 106 11.040 1,979 2.946 60 2.037 11.040 1.979 413 979 80 2,255 60 2.037 23,296 27,958 Page 15
The Chureb and imedia Network Notes to the Financial Statements for the Ye¥dr Ended 31 December 2023 5 Analysis of goYernanc¢ aod 5UPPQrt costs Govfrnallee eosts UnTeslri¢ted TotAI 2023 Totsl 2022 General Indewd¢nl examiuer f¢es Examination of the fwancial statements Other fees paid to &xaminers TnL8tee8 meetings alld travel Other governance cos 350 460 285 1,160 694 1,343 694 1,343 2.037 2.037 6 Independent esamlner's remunerntion 2022 Examinatson of the fjnancial ststements 350 Other fees to txamirters All other servic 460 7 CuTTent asset inve$tmeots 2023 8 Cash and t8sb Èquiva]ettts 21123 2022 Cash at baDk 54,863 86,503 9 Creditors: amounts falling due Tvithin one year 2023 2022 Other creditors Arxruals 417 1.350 468 468 1,767 Pagc 16
The Church and Medi2 Network Notes to the Financiydl Ststements for the Year Ended 31 December 2023 XO Funds Balance at 31 December 2023 Balance at i January 21)23 Incomkng rDree5 expended Unre8trleted fvnds GeneA71 84,736 2.955 (23296) 64,395 B812nce at 31 December 2022 Balance at I January 2022 Incoming resourtt5 Resources expended Unrestricted funds General 91,178 13,440 (19.882) 8,076 84,736 Restrleted fllnds 276 Totsl funds 91.454 27.958 84,736 The gpeeifie purposes for which the fLm&s are to be applied are as follows: The re$trict£d fimd relates to grants 8fLd donations fimdillg the mentoring pr0gratntt. 11 AD91&5 of llet awts between fuTrd$ Unrestricted funds GenerAI Total fund5 at 31 December 2023 ct assets Current liabilities 64.863 (468) 64,863 (468) Total net a&8ets 64.395 64,395 Unrestriet¢d funds General Total fund$ at 31 December 21122 Current assets cutt liabilities 86.503 1,767) 86,503 1,767 Total net assets 84,736 84.736 Page 17
The Cbllreh and Media Yeiwo Notes to the Financial Statements for the Yr Ended 31 December 2023 12 Truste£s remllntratloll and expenses No trILstre. nor any person comiected with them. rtteived any runutteration or any other benefits irt the year. During the year knStres were reimbutsed £756 (2023: £159) for trnvel ¢xpenses Jnd £1.424 (2023: £866) for other costs that they in¢rurred on th¢ chariWs b¢haIf Page 18
The Chureh And Media Nehvork Notes to the Financial Statements for the Year Ended 31 December 2023 12 Trn8tees r¢muner4tloD 4d eJpellse$ No truste¢. nor any [son connected with the received any remunffation or any other benefits in the ye8r. During the year tt¢¢8 were rebr5ed £756 (2022: £159) fiv trnvel enSeS and £1,424 {2022'. £866) for other costs that they illGutt¢d on the cl)aritys behalf Page 18