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← Dawn Christadelphian Publications

2024-12-31-accounts

Registered Company Number: 10390311 (England & Wales) Registered Charity Number: 1170305

Dawn Christadelphian Publications

Trustees Annual Report and Financial Statements For the year ended 31 December 2024

Dawn Christadelphian Publications

Trustees Annual Report and Financial Statements

For the year ended 31 December 2024

Contents
Page
Administrative information 1
Trustees Annual Report 2 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 - 8
Notes to the Financial Statements 9 - 13

Dawn Christadelphian Publications

Administrative Information

For the year ended 31 December 2024

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Registered Company number 10390311 (England & Wales)
Registered Charity number 1170305
Trustees L Coverley (treasurer)
I Grimshaw
M Kershaw (appointed 19 November 2024)
J M Mitchell (chair)
R Wall
A Wordsworth (retired 16 September 2024)
Company Secretary P Algar
Independent Examiner P Verzhbitskaya
Chartered Accountant
Duckpuddle Bush Cottage
Therfield Road
Royston
SG8 9GD
Registered Office 5 Station Road
Carlton
Nottingham
NG4 3AT
Publishing Office 5 Station Road
Carlton
Nottingham
NG4 3AT
Bankers TSB Bank plc
P O Box 373
Leeds
LS14 9GQ
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Page 1

Dawn Christadelphian Publications Trustees Annual Report For the year ended 31 December 2024

The trustees who are directors of Dawn Christadelphian Publications (the Charity) for the purposes of the Companies Act 2006, present their report and financial statements for the year ended 31 December 2024.

Structure, governance and management

The Charity was incorporated on 22 September 2016 as a private company limited by guarantee under the Companies Act 2006 and registered as a Charity on 22 November 2016. The Charity's governing document is its Memorandum and Articles of Association.

New trustees are recruited by invitation from members of the Dawn Christadelphian Fellowship and are elected by the existing trustees. New trustees are given copies of the Company's Memorandum and Articles of Association, minutes of recent meetings and financial statements, together with the with the latest Charity Commission guidance, to assist them in carrying out their duties. One new trustee was appointed in 2024 and the trustees held six meetings during the year.

With one exception, the trustees are unpaid volunteers. "The Dawn" magazine is published with the assistance of five unpaid volunteers. The publishing office is managed by two part-time employees assisted by two unpaid volunteers with the work of despatching orders and other administrative duties. Salaries are set by the trustees annually with reference to current inflation rates.

Objectives and activities for the public benefit

The objectives and aims of the Charity are:

−advancement of the Christian religion through the sale of books and other religious publications.

− publica�on of "The Dawn" magazine on behalf of the Dawn Christadelphian fellowship.

− co-ordina�on of other ac�vi�es on behalf of the fellowship including making welfare grants and loans, and giving financial assistance for preaching activities in the UK and overseas.

The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit. In carrying out their activities they are satisfied that the Charity confers a public benefit. The activities focus on the promotion of original Christianity worldwide. The beneficiaries are members of the Dawn Christadelphian fellowship and their families together with Bible students and Sunday School scholars who wish to study the Bible and learn the true Christian gospel.

In furtherance of these aims for the public benefit, the following activities were carried out:

The office and reading room were open to the public two days per week, with free books displayed outside to attract interest. There were regularly visitors to the bookshop, and many Bibles, reading planners and Light magazines were given away free of charge. Special preaching events were organised at the office on the first Saturday of every month, which attracted many visitors to browse and discuss.

A 'travelling bookstall' was regularly taken to Dawn fellowship events, to raise awareness of the variety of publications that Dawn Christadelphian Publications ("DCP") offers, and encouarge the distribution of literature.

In 2024, 'A Challenge to All Christians' was newly translated and published in the Chichewa language, and two English titles were reprinted, reflecting popular demand.

"The Dawn" magazine was published monthly on behalf of members of the Dawn fellowship.

The Dawn Support Fund manages grants from a legacy received in 2014. It is administered by a sub-committee of three selected trustees and two other representatives from the Dawn community. It undertakes to provide financial assistance to the worldwide Dawn community based on the following criteria:

Page 2

Dawn Christadelphian Publications Trustees Annual Report For the year ended 31 December 2024

Achievements and performance

a) Publications

In 2024, DCP continued charging members of the Dawn Christadelphian community for books and other publications, with the exception of items for Overseas Funds, which were funded by Dawn Support Fund.

Sales income from new books fell to £3,213 (2023: £4,313), reflecting the fact that DCP published no new titles in English this year. However, sales income from second-hand publications grew to £7,905 (2023: £4,938), as employees had more time to focus on second-hand sales, and maximising revenue through use of online marketplaces.

In 2024, Dawn Christadelphian Publications agreed that on a case-by-case basis, the charity could act as agent to administer donations from ecclesias or members to other Dawn Christadelphian fellowship funds. DCP established an informal agreement to act as agent on behalf of the Sutton District Christadelphian Ecclesia Dawn Fellowship.

Overhead costs have been carefully monitored against budget by means of quarterly management reports and have been broadly in line with prior year.

b) Dawn Magazine

"The Dawn" magazine is available to subscribers in printed and electronic form. The printed circulation of "the Dawn" magazine was on average 746 copies in 2024 (2023: 749) and electronic subscriptions were on average 298 copies in 2024 (2023: 226). Printing and mailing costs have increased during the year.

c) Dawn Support Fund

A number of applications were approved during the year. Grants were made to provide welfare support to members of the community, to support preaching and fellowship events, and to assist the work of overseas committees.

Financial Review

a) Unrestricted Fund - Publications

Sales of publications including despatch costs recovered amounted to £14,210 (2023: £11,625). After deducting the cost of sales and overheads, there was a deficit of £28,253 (2023: £32,265). Donations and other income, such as interest income, reduced the net deficit for the year to £13,262 (2023: £17,159).

The Charity's policy is to maintain liquid funds of £10,000 towards the overhead costs of the Nottingham office and storage facilities. At 31 December 2024 liquid funds amounted to £38,092 and total reserves were £120,680 as shown on the Balance Sheet (page 7).

b) Restricted Income fund - Dawn Magazine

In 2024, DCP re-instated charging members of the Dawn community for "The Dawn" magazine. This was a return to the standard model, having used up the legacy that temporarily had enabled free distribution. Printing and distribution costs for "The Dawn" totalled £20,649 (2023: £20,568). Donations of £247 (2023: £1,697) and subscriptions of £6,477 (2023: £803) were received to help cover these costs. The remaining costs were covered by literature grants from the Dawn Support Fund.

Page 3

Dawn Christadelphian Publications Trustees Annual Report For the year ended 31 December 2024

c) Restricted Income fund - Dawn Support

As noted above, this fund is available for the benefit of members of the Dawn Christadelphian fellowship, their families and Bible students together with a wide range of Dawn fellowship activities in accordance with the wishes of the donor. Grants totalling £14,403 were made during the year (see note 5 on page 11) and a prior year grant of £2,378 was returned as not required. After allowing for donations and interest receivable the fund balance at the end of the year was £200,823 which was held in bank/building society deposits.

A transfer of £16,634 was made from the Dawn Support fund to the Unrestricted Fund. This was approved by the Dawn Support Fund sub-committee based on one of the agreed criteria for DSF grants: to support Dawn Christadelphian publications as needed.

The Charity holds investments, to raise interest income and provide capital for future charitable activities. As at 31 December 2024, investments of £146,147 were held in short-term accounts and £51,800 in a longer-term bond. The interest earned met budget expectations. The Charity's investment policy is to place the funds with UK banks in accounts maturing within 5 years.

Risk Management

The major risks facing the Charity are the loss of income from donations and bequests, the loss of key personnel and the limited market for the Charity's publications.

The trustees have considered these and other risks to which the Charity is exposed. A risk register is maintained, which is reviewed annually and updated where appropriate. Procedures have been established in order to mitigate the risks faced by the Charity.

Future developments

The trustees' objectives for 2025 are to:

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the trustees on …………………………………………………...….. and signed on their behalf by:

Chair

J M Mitchell ………………………..…………………………………..

Trustee

L Coverley …....................................................................

Page 4

Independent Examiner's Report to the Trustees of Dawn Christadelphian Publications For the year ended 31 December 2024

I report on the accounts of the Charity for the period ended 31 December 2024, as set out on pages 6 to 13.

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 needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with 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 the matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met ; or

Philippa Verzhbitskaya Chartered Accountant Duckpuddle Bush Cottage Therfield Road Royston SG8 9GD Date: …………………………………………….

Page 5

Dawn Christadelphian Publications Statement of Financial Activities (incorporating an income and expenditure account) For the year ended 31 December 2024

Notes
Income from:
Donations and Legacies
3
Investment income - interest on deposits
Charitable activities
Publications sales
Despatch costs recovered
Magazine subscriptions
Miscellaneous income
Total income
Expenditure on:
Charitable activities
Cost of sales - publications and magazines
Property expenses
Salaries
4
Administrative and other expenses
Grants
5
Professional fees
6
Depreciation/ loss on disposal
7
Stock provision movement
8
Bad debt
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
11
Total funds brought forward
11
Total funds carried forward		 Restricted
Income
Funds
2024
£
969
5,622
-
-
6,477
-
13,068
6,724
-
-
-
12,025
-
-
-
-
18,749
(5,681)
(16,634)
(22,315)
223,138
200,823		 Unrestricted
Funds
2024
£
11,835
3,156
11,118
3,070
-
22
29,201
19,426
2,603
17,068
1,583
-
370
1,422
(21)
12
42,463
(13,262)
16,634
3,372
117,308
120,680		 Total
Funds
2024
£
12,804
8,778
11,118
3,070
6,477
22
42,269
26,150
2,603
17,068
1,583
12,025
370
1,422
(21)
12
61,212
(18,943)
-
(18,943)
340,446
321,503		 Total
Funds
2023
£
15,085
8,233
9,251
2,364
803
10
35,746
25,017
1,495
16,445
1,576
32,780
360
1,450
46
-
79,169
(43,423)
-
(43,423)
383,869
340,446

Continuing Operations

All income and expenditure has arisen from continuing activities. There are no recognised gains and losses other than those reported above.

The notes on pages 9 to 13 form part of these financial statements

Page 6

Dawn Christadelphian Publications Balance Sheet as at 31 December 2024

Notes
Fixed Assets
Tangible assets
7
Investments
Current Assets
Stocks
8
Trade debtors
Prepayments and accrued income
9
Investments
Bank balances and cash
Creditors falling due within one year
Trade creditors
Deferred income
10
Accrued expenses
Social security costs
Sales ledger credit balances
Net Current Assets
Net Assets
Funds
Restricted income funds
11
Unrestricted funds
11
Total Funds		 Restricted
Income
Funds
2024
£
-
51,800
51,800
-
-
2,876
146,147
-
149,023
-
-
-
-
-
-
149,023
200,823
200,823
-
200,823		 Unrestricted
Funds
2024
£
82,588
-
82,588
12,464
305
3,954
944
28,008
45,675
23
5,574
1,854
35
97
7,583
38,092
120,680
-
120,680
120,680		 Total
Funds
2024
£
82,588
51,800
134,388
12,464
305
6,830
147,091
28,008
194,698
23
5,574
1,854
35
97
7,583
187,115
321,503
200,823
120,680
321,503		 Total
Funds
2023
£
84,011
50,000
134,011
13,054
295
6,024
160,380
34,010
213,763
17
5,314
1,877
27
93
7,328
206,435
340,446
223,138
117,308
340,446

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The notes on pages 9 to 13 form part of these financial statements

Page 7

Dawn Christadelphian Publications Balance Sheet as at 31 December 2024 (continued)

The trustees acknowledge their responsibilities for

The financial statements were approved by the trustees on………………………………………………… and signed on its behalf by:

Chair …………………………………………………………... J M Mitchell

Trustee …............................................................. L Coverley

Company number 10390311 (England and Wales)

The notes on pages 9 to 13 form part of these financial statements

Page 8

Dawn Christadelphian Publications Notes to the Financial Statements For the year ended 31 December 2024

1) Basis of Preparation of Accounts and Going Concern

2) Accounting Policies

2.1 Income

Donations and similar incoming resources are included in the Statement of Financial Activities when received. Legacies are included in income when the Charity becomes legally entitled to the funds and there is a reasonable degree of certainty as to the amount. Claims for refund of tax on Gift Aid donations are included in the same period as the donations to which they relate.

Income from the sale of books and other publications is recognised by the issue of an invoice on despatch. Donated books are recognised in the accounts when sold.

Magazine subscriptions are due on 1st January and payable by subscribers in advance. Amounts received are treated as deferred income until the commencement of the period to which they relate.

Interest receivable on deposits is apportioned between restricted and unrestricted funds on the basis of the average of fund balances at the beginning and end of the year.

Government and local authority grants are recognised where there is a reasonable assurance that the Charity will comply with the conditions attaching to the grant and that it will be received.

2.2 Expenditure

Expenditure is recognised on an accruals basis as soon as there is a legal or constructive obligation committing the Charity to make a payment, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

2.3 Allocation and apportionment of costs

The value of voluntary help received is not included in the accounts but is described in the Trustees Annual Report.

Page 9

Dawn Christadelphian Publications Notes to the Financial Statements For the year ended 31 December 2024

2.4 Tangible Fixed Assets

Expenditure on equipment is capitalised if its estimated life is more than one year and the cost is more than £100. Assets are valued at cost or, if donated to the Charity, at their estimated value when received.

Depreciation is provided on a straight line basis to write off each asset over its estimated future life as follows:

Freehold Buildings 2% per annum on cost Fixtures and fittings 20% per annum on cost Office furniture and equipment 20% per annum on cost No depreciation is charged on Freehold land.

2.5 Stocks

Stocks of bought-in and printed publications for re-sale are valued at the lower of cost or net realisable value. All second-hand books are donated and are therefore valued at zero.

2.6 Debtors

Trade debtors are recognised in the accounts at the invoiced amount due less any discounts. Prepayments are valued at the amount prepaid at the end of the financial period.

2.7 Investments

Investments held within Current Assets comprise bonds and deposits with remaining maturity periods between 30 days and one year. Investments held within Fixed Assets comprise bonds with remaining maturity periods in excess of one year. These are valued at transaction price including transaction costs where applicable.

2.8 Bank balances and cash

These include cash and short term liquid investments with a maturity of less than 30 days from the date of acquisition or opening of the account.

2.9 Creditors and provisions

These are recognised in the accounts where the Charity has a present obligation resulting from an event that will probably result in the transfer of funds to a third party and the amount due can be measured or estimated reliably.

2.10 Taxation

The Charity is exempt from Corporation Tax on its charitable activities.

2.11 Fund accounting

Restricted income funds can only be used for the stated restricted purpose within the objects of the Charity. Restrictions arise when specified by the donor. See note 12 for a further explanation of the nature and purpose of each fund. Unrestricted funds can be used in accordance with the Charity's objectives at the discretion of the trustees.

3) Donations and Legacies 2024 2023 £ £ Donations 12,804 15,085

Page 10

Dawn Christadelphian Publications Notes to the Financial Statements For the year ended 31 December 2024

4) Employee information

Two staff were employed during the year on a part-time basis (2023: 2). These were involved in the day to day management of the Charity's activities. Staff costs were:

Salaries
Social Security costs		 2024
£
16,679
389
17,068		 2023
£
16,168
277
16,445

There were no employee benefits in the year (2023: £0) and no employee received remuneration of more than £60,000 (2023: £0)

5) Grants payable

During the year the following grants were made from the Dawn Support Fund in support of Dawn fellowship activities. There were no associated support costs.

Famine and crisis relief
Medical and care costs
Preaching and fellowship activities		 2024
£
-
10,025
2,000
12,025		 2023
£
13,000
8,280
11,500
32,780

Disclosure of the names of the institutions to which grants were made have been withheld as the Board consider that to disclose the same would be seriously prejudicial to the continued operation of the Dawn Support Fund.

6)

7)

Professional fees
Independent Examination
Tangible fixed assets
Cost
As at 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
As at 1 January 2024
On disposals
Charge for the year
At 31 December 2024
Net Book Value
At 31 December 2024
At 31 December 2023		 Land &
Buildings
£
92,543
-
-
92,543
8,980
-
1,283
10,263
82,280
83,563		 Fixtures &
Fittings
£
459
-
-
459
92
-
91
183
276
367		 2024
£
370
Furniture &
Equipment
£
916
-
(421)
495
835
(420)
48
463
32
81		 2023
£
360
Total
£
93,918
-
(421)
93,497
9,907
(420)
1,422
10,909
82,588
84,011

The cost of freehold land and buildings includes an amount of £29,250 which represents the value of undepreciated land.

Page 11

Dawn Christadelphian Publications Notes to the Financial Statements For the year ended 31 December 2024

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8) Stocks 2024 2023
£ £
At cost or valuation 13,101 13,712
Less: provision for writedown of stock (637) (658)
12,464 13,054
Restricted Unrestricted Total Total
Income Funds Funds Funds
Funds 2024 2023
9) Prepayments and accrued income £ £ £ £
-
Prepayments 1,945 1,945 1,259
Accrued interest 2,876 1,614 4,490 4,575
Gift Aid - Income tax recoverable - 395 395 190
2,876 3,954 6,830 6,024
2024 2023
10) Deferred income £ £
Dawn magazines subscriptions received in advance:
Deferred income at 1 January 2024 (5,314) (760)
Received during the year (6,737) (5,357)
Released during the year 6,477 803
Deferred income at 31 December 2024 (5,574) (5,314)
11) Movement in funds At 1 Jan Movement At 31 Dec
2024 in funds 2024
Restricted income funds £ £ £
Dawn Support fund 223,138 (22,315) 200,823
- - -
Dawn Magazine fund
Unrestricted funds
Publications fund 117,308 3,372 120,680
Total funds 340,446 (18,943) 321,503
£16,634 was transferred in the year from the Dawn Support fund to the Publications fund. The net
movement in funds can be analysed as follows:
Incoming Resources Movement Movement
Resources Expended between funds in funds
£ £ £ £
Restricted income funds
Dawn Support fund 6,344 (12,025) (16,634) (22,315)
- -
Dawn Magazine fund 6,724 (6,724)
Unrestricted funds
Publications fund 29,201 (42,463) 16,634 3,372
Total funds 42,269 (61,212) 0 (18,943)
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Page 12

Dawn Christadelphian Publications Notes to the Financial Statements For the year ended 31 December 2024

Publications fund

This is for the day to day publishing activities of the Charity including the costs of managing the publishing office and stock room at Nottingham.

Dawn Support fund

This represents a legacy received from a deceased member's estate. Under the terms of the Will it must be used used to support Dawn fellowship activities worldwide including the welfare of members, preaching and publishing.

Dawn Magazine fund

This is to ringfence donations given towards the cost of publishing the Dawn Magazine. To the extent that funds are available, these are used towards DM print and despatch costs, and towards up to 8% of overheads.

12)

Funds held as agent

From June 2024, Dawn Christadelphian Publications entered into an informal agreement with the Sutton District Christadelphian Ecclesia Dawn Fellowship, a charity registered in Canada, to act as agent to receive donations from the charity and transfer them to other Dawn Christadelphian charities and non-charitable organisations in accordance with instructions received. DCP provides this service free of charge:

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||| |---|---| |2024| |£| |Funds held as agent for Sutton Dawn Christadelphian Ecclesia| |-| |Opening funds at 1 June| |Amounts received|10,652| |Amounts paid out|(10,652)| |-| |Closing funds at 31 December| |13)|Trustees' remuneration and expenses| |J M Mitchell is also a part-time employee and as such was paid remuneration of £3,116 during| |the year under a contract of employment. £0 in trustees' expenses were reimbursed during the| |year (2023: £219 to three individuals).| |14)|Related party transactions| |Donations from related parties totalled £360 (2023: £1,007). Of these, none were restricted donations.|

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||| |---|---| |15)|Ultimate Controlling Party| |The Charity is controlled by its board of trustees.| |16)|Legal Entity|

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Dawn Christadelphian Publications is a private company limited by guarantee, incorporated and registered in England, and not having a share capital. The liability of members does not exceed £10. The address of the registered office and its place of business is: 5 Station Road Carlton Nottingham NG4 3AT

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