2020-12-31-accounts

Contents
			Page
Administrative	information
Trustees Annual Report			2-4
Independent	Examiner's	Report
Statement of	Financial	Activities
Balance Sheet
Notes to the	Financial Statements		9-13

Registered		Company	number	10390311(England	10390311(England	g Wales)
Registered		Charity number		1170305
Trustees				C P Dryland	{chairman	and treasurer)
				C M Ho)dich
				SJ Irving
				J J Mitchell
				A Wordsworth
Company	Secretary			P Alga r
Independent		Examiner		P Verzhbltskaya
				Chartered	Accountant
				Duckpuddle	Bush Cottage
				Therfield Road
				Royston
				SGB9GD
Registered		Office		5Station Road
				Carlton
				Nottingham
				NG4 3AT
Publishing	Office			5 Station Road
				Carlton
				Nottingham
				NG4 3AT
Bankers				TSBBank pic
				P0 Box373
				Leeds
				LS149GCI

				Notes	Restricted	unrestricted	Total	Total
					Income	Funds	Funds	Funds
					Funds
					2020	2020	2020	2019
					f		f	6
Income from:
Donations					4,090	17,677	21,767	15,693
Investment income - interest on short-term			deposits		2,502	1,289	3,791	4,923
Charitable activities
Sales ofown/bought in	publications					3,392	3,392	4,835
Sales ofdonated books						2,573	2,573	3,865
Miscellaneous sales						7	7	187
Despatch costs recovered						1,241	1,241	3,739
Magazine subscriptions					460		460	12,651
Total income					7,052	26,179	33,231	45,893
Expenditure on:
Charitable activities
Cost ofsales - publications		and magazines			17,796	7,542	25,338	40,156
Property expenses						1,553	1,553	3,360
Managementfees						8,410	8,410	10,829
Administrative and other expenses						946	946	1,051
Grants					27,343		27,343	19,212
Professional fees						330	330	340
Depreciation/ loss on disposal						1,438	1,438	1,418
Total expenditure					45,139	20,219	65,358	76,366
Net incoMe/(expenditure)					(38,087)	5,960	(32,127)	(30,473)
Transfers between funds					13,475	(13,475)
Net movement in funds					(24,612)	(7,515)	(32,127)	(30,473)
Total funds brought forward					301,685	152,721	454,406	484,879
Total funds carried forward					277,073	145,206	422,279	454,406
Continuing Operations
All income and expenditure		has arisen from	continuing	activities.
There are no recognised	gains and losses other than those reported				above.

		Notes	Restricted	Unrestricted	Total	Total
			Income	Funds	Funds	Funds
			Funds
			2020	2020	2020	2019
			f	f	f	f
Fixed Assets
Tangible assets				87,880	87,880	89,079
Current Assets
Stocks				11,574	11,574	13,282
Trade debtors				62	62	1,159
Prepayments	and accrued income		752	2,504	3,256	4,193
Investments			280,321	15,606	295,927	319,543
Bank balances	and cash			29,283	29,283	38,116
			281,073	59,029	340,102	376,293
Creditors falling due within one year
Trade creditors				12	12	1,687
Deferred income		9		318	318	425
Grants payable		3	4,000		4,000	6,500
Accrued expenses		10		1,373	1,373	2,354
			4,000	1,703	5,703	10,966
Net Current Assets			277,073	57,326	334,399	365,327
Net Assets			277,073	145,206	422,279	454,406
Funds
Restricted income funds		11	277,073		277,073	301,685
Unrestricted	funds	11		145,206	145,206	152,721
Total Funds		11	277,073	145,206	422,279	454,406

4)	Professional fees									2020	2019
										f	f
	Independent Examination									330	340
5)	Transfers									Restricted	Unrestncted
										Income	Funds
										Funds
										f	f
	Re-allocation of Malawi committee				printing costs					(630)	630
	Transfer Dawn Magazine fund			deficit		at 31-12-20				13,475	(13,475)
										12,845	(12,845)
6)	Tangible fixed assets							Land	&	Furniture &	Total
								Buildings		Equipment
	Cost							f		f	f
	As at 1January 2020							92,543		677	93,220
	Additions									239	239
	Disposals
	At 31December 2020							92,543		916	93,459
	Depreciation
	As at 1January 2020							3,849		292	4,141
	On disposals
	Charge for the year							1,283		155	1,438
	At 31December 2020							5,132		447	5,579
	blet Book Value
	At 31December 2020							87,411		469	87,880
	At 31December 2019							88,694		385	89,079
	The cost offreehold		land and	buildings		includes	an amount	off29,250		which represents	the value
	of undepreciated	land.
7)	Stocks									2020	2019
										f	f
	At cost or valuation									26,475	25,988
	Less: provision for	writedown		ofstock						(14,901)	(12,706)
										11,574	13,282
						Restricted		Unrestricted		Total	Total
						Income		Funds		Funds	Funds
						Funds				2020	2019
8)	Prepayments and	accrued income					f	f		f
	Prepayments							1,532		1,532	2,072
	Accrued interest						752		387	1,139	1,739
	Gift Aid —tax recoverable								585	585	382
							752	2,504		3,256	4,193

Deferred	income			f	f
Dawn magazines subscriptions received Deferred income at 1January Received during the year Released during the year Deferred income at 31December			in advance:	2020 {425) (351) 458 (318)	2,019 (6,428) (1,899) 7,902 (425)
Accrued	expenses
				f
Accrued	expenses			1,373	1,354
Insurance	claim provision				1,000
				1,373	2,354

The financial statem	ents include a provision	to cover the	insurance policy	excess ofE1,00	0.
Movement in funds			At 1Jan	Movement	At 31Dec
			2020	in Funds	2020
			f	F.	F.
Restricted Income Funds
Dawn magazine fund			2,589	(2,589)
Dawn support fund Sub-total			299,096 301,685	(22,023) (24,612)	277,073 277,073
Unrestricted funds
Publications fund			152,721	(7515)	145,206
Total funds			454p406	(32,127)	422,279
The net movement	in funds can be analysed	as follows:
		Incoming	Resources	Transfers	Movement
		Resources f	Expended f		in funds f
Restricted income funds
Dawn magazine fund		1,732	(17,796)	13,475	(2,589)
Dawn Support fund		5,320	(26,713)		(21„393)
		7,052	(44,509)	13,475	(23,982)
Unrestricted funds
Publications fund Tatalfunds		25,549 32,601	(20,219) (64,728)	(13,475)	(8,145) (32,127)