Charity number: 1176218
Mercy Media
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2024
Mercy Media Contents Page For the year ended 31 December 2024
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 |
| Detailed Statement of Financial Activities | 7 |
Mercy Media Report of the Trustees
For the year ended 31 December 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Mercy Media Charity registration number 1176218 Principal address PO Box 77917 London NW26 9QH
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Sandra Saidi Yasin Saidi Omar Saidi Secretary Sandra Saidi Independent examiner Nesar Ali Chartered Certified Accountant 121 Violet Avenue Hillingdon Middlesex UB8 3PT Bankers Metro Bank One Southampton Row London WC1B 5HA
Approved by the Board of Trustees on 08 September 2025 and signed on its behalf by:
Omar Saidi ................... . .........................................................
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Mercy Media Independent Examiners Report to the Trustees For the period ended 31 December 2024
I report on the accounts of the charity for the period ended 31 December 2024, which comprise the Statement of Financial Activities, the Statement of Financial Position and the related notes.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nesar Ali Chartered Certified Accountant 121 Violet Avenue Hillingdon Middlesex UB8 3PT
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Mercy Media Statement of Financial Activities For the year ended 31 December 2024
| Notes Income and endowments from: Charitable activities Activity 2 Total Expenditure on: Charitable activities Activity 2 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 954,341 |
2023 £ 647,150 |
|---|---|---|
| 954,341 | 647,150 | |
| (124,033) | (174,626) | |
| (124,033) | (174,626) | |
| 830,308 1,178,005 |
472,524 705,481 |
|
| 2,008,313 | 1,178,005 |
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Mercy Media Statement of Financial Position As at 31 December 2024
| Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds Total funds |
£ 2024 12,697 |
£ 2023 9,540 |
|---|---|---|
| 12,697 | 9,540 | |
| 1,996,216 | 1,169,065 | |
| 1,996,216 | 1,169,065 | |
| (600) 1,995,616 |
(600) 1,168,465 |
|
| 2,008,313 | 1,178,005 | |
| 2,008,313 | 1,178,005 | |
| 2,008,313 | 1,178,005 | |
| 2,008,313 | 1,178,005 |
The financial statements were approved on 08 September 2025 and authorised for issue by the Board and signed on its behalf by:
Omar Saidi Trustee
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Mercy Media Notes to the Financial Statements
For the year ended 31 December 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance 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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Mercy Media meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The Charity has had a successful year in the preparation of broadcast of numerous media productions via various social media platforms. The charity remains in a very strong position relating to future growth. No short term or medium-term financial risk to the charity's continued operations has been identified.
The trustees have agreed to maintain at least six months of reserve in order to meet operational costs in the event of a lack of new income in the form of donations or other potential revenue. The trustees assess the adequacy of this policy annually.
The trustees are of an opinion that there are no going concern issues and the Charity will continue to deliver its aims and objectives in the foreseeable future.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery : 15% Reducing balance
2. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of owned fixed assets | 2,241 | 1,683 |
3. Trustee remuneration and related party transactions
All trustees acted on a voluntary basis and therefore no remuneration or expenses were paid by the charity. There were no related party transactions during the financial year.
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Mercy Media Notes to the Financial Statements Continued For the year ended 31 December 2024
4. Tangible fixed assets
| Cost or valuation At 01 January 2024 Additions At 31 December 2024 Depreciation At 01 January 2024 Charge for year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 |
Plant and Machinery £ 12,039 5,398 |
|---|---|
| 17,437 | |
| 2,499 2,241 |
|
| 4,740 | |
| 12,697 | |
| 9,540 |
5. Creditors: amounts falling due within one year
Accruals and deferred income
| 2024 | 2023 |
|---|---|
| £ | £ |
| 600 | 600 |
| 600 | 600 |
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Mercy Media Detailed Statement of Financial Activities For the year ended 31 December 2024
| INCOME AND ENDOWMENT Charitable activities Media Streaming Total incoming resources EXPENDITURE Charitable activities Cost Of Direct Charitable Activity Depreciation - Owned Assets Professional fees Marketing Computing Media Production Postage, Packaging & Stationery Rent General Expenses Accountancy Fees Light & Heat Total resources expended Net Income |
£ 2024 954,341 954,341 |
£ 2023 647,150 |
|---|---|---|
| 647,150 | ||
| 954,341 (62,344) (2,241) (13,000) (62) (756) (2,418) (326) (37,290) (2,868) (600) (2,128) (124,033) |
647,150 (61,000) (1,683) (4,360) (106) (941) (64,153) (258) (37,290) (2,348) (600) (1,887) |
|
| (174,626) | ||
| (124,033) | (174,626) | |
| 830,308 | 472,524 |
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This page does not form part of the statutory financial statements