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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 00661108 (England and Wales) REGISTERED CHARITY NUMBER: 224579

DAVID PAWSON PUBLISHING LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT

DAVID PAWSON PUBLISHING LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13 to 14

DAVID PAWSON PUBLISHING LIMITED

REPORT OF THE TRUSTEES for the year ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principle objectives of the charity are the production, supply and distribution of bible teaching material.

Significant activities

The principal activities of the charity have evolved from the production and sale of audio cassettes, to producing and distributing compact discs, and DVDs, from a variety of Christian writers and speakers to, in more recent times, publishing an extensive range of books with a particular focus on the works of the late Reverend David Pawson MA BSc. This material is supplied to customers worldwide. Whilst production of physical media has reduced significantly, David Pawson Publishing Ltd has successfully evolved into the digital era, with online streaming services including audio and video programmes and most recently the launch of a free online book reader.

Public benefit

The directors have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The major focus in 2024/25 has been the ongoing publishing of books and increasingly other language translations. Sales of these books is mostly via online Print on Demand platforms however orders are still received via the online shop for fulfilment of books, DVDs, and USB memory sticks. We continue to add new translations to the book catalogue

The change in business model in 2011, moving from the commercial sales of physical media to a ''free to download'' online streaming service continues to suppress income. Income has switched from sales of physical media to voluntary donations and royalties from digital sales, including Amazon Books/Kindle and numerous International Book Publishers.

FINANCIAL REVIEW

Financial position

The company is reporting a deficit of £59,496 (2024: surplus of £236,997) for the year to 31st March 2025.

The change in business model in 2011, moving from the commercial sales of media to ''free to download'' continues to suppress income..

The company continues to hold a sufficient level of funds to continue its charitable activities in line with the current strategy.

Reserves policy

The Trustees have considered the levels of reserves and consider them to be appropriate.

FUTURE PLANS

Working in conjunction with the David Pawson Ministry CIO the company plans to continue the work in digitising its existing library of material with a view to increasing the availability of this material for free streaming/download.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company limited by guarantee, with the amount of the guarantee restricted to a maximum of £1 per member. The company is governed by its memorandum and articles of association. The governance and running of the charity is the responsibility of the trustees who also form the board of directors of the company. The trustees usually meet twice a year.

Page 1

DAVID PAWSON PUBLISHING LIMITED

REPORT OF THE TRUSTEES for the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The charity was historically based in Ashford, Kent. In 2020 the warehouse and office were officially closed and sold, and exited this site completely during 2021 after the sale of the remaining property in Kennington, Ashford. The charity has successfully transferred all activities to the office in Reading that deals with order fulfilment and all charitable activities. Day to day operations of the charity are supported by a team of volunteers assisted by one full time and three part time employees. During 2020/2021 the Company registered a change of name from Anchor Recordings Ltd to David Pawson Publishing Ltd to reflect the nature and focus of the business.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

00661108 (England and Wales)

Registered Charity number

224579

Registered office

Synegis House 21 Crockhamwell Road Woodley RG5 3LE

Trustees

S C Dally Company Director Reverend A Dinnie A G Kittow Director

Company Secretary

Reverend A Dinnie

Independent Examiner

L Redman Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT

Approved by order of the board of trustees on 29 November 2025 and signed on its behalf by:

S C Dally - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DAVID PAWSON PUBLISHING LIMITED

Independent examiner's report to the trustees of David Pawson Publishing Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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 fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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 other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

L Redman

Shaw Gibbs Limited Wey Court West Union Road Farnham Surrey GU9 7PT

16 December 2025

Page 3

DAVID PAWSON PUBLISHING LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2025

Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
77,814
Charitable activities
Incoming resources from charitable activities
-
43,621
Support costs
-
302
Investment income
2
6,870
-
Total
6,870
121,737
EXPENDITURE ON
Raising funds
-
-
Charitable activities
Incoming resources from charitable activities
-
-
Direct charity activities
-
107,016
Support costs
-
78,957
Investment costs
2,129
-
Total
2,129
185,973
NET INCOME/(EXPENDITURE)
4,741
(64,236)
RECONCILIATION OF FUNDS
Total funds brought forward
528,347
246,318
TOTAL FUNDS CARRIED FORWARD
533,088
182,082		 2025
Total
funds
£
77,814
43,621
302
6,870
128,607
-
-
107,016
78,957
2,129
188,102
(59,495)
774,665
715,170		 2024
Total
funds
£
375,500
43,894
-
6,472
425,866
223
362
92,012
91,728
4,544
188,869
236,997
537,668
774,665

The notes form part of these financial statements

Page 4

DAVID PAWSON PUBLISHING LIMITED

BALANCE SHEET

31 March 2025

Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
7
2,046
-
CURRENT ASSETS
Stocks
8
1,950
-
Debtors
9
29,886
-
Cash at bank
519,619
182,082
551,455
182,082
CREDITORS
Amounts falling due within one year
10
(20,413)
-
NET CURRENT ASSETS
531,042
182,082
TOTAL ASSETS LESS CURRENT
LIABILITIES
533,088
182,082
NET ASSETS
533,088
182,082
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2025
Total
funds
£
2,046
1,950
29,886
701,701
733,537
(20,413)
713,124
715,170
715,170
533,088
182,082
715,170		 2024
Total
funds
£
2,697
1,436
14,682
769,586
785,704
(13,736)
771,968
774,665
774,665
528,347
246,318
774,665

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 5

DAVID PAWSON PUBLISHING LIMITED

BALANCE SHEET - continued

31 March 2025

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

The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2025 and were signed on its behalf by:

S C Dally - Trustee

The notes form part of these financial statements

Page 6

DAVID PAWSON PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

More specifically royalty income includes what is received in the year together with what is receivable for the year and can be estimated with reasonable accuracy.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 7

DAVID PAWSON PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

2. INVESTMENT INCOME

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Interest receivable - trading|6,870|6,472| |NET INCOME/(EXPENDITURE)| |Net income/(expenditure) is stated after charging/(crediting):| |2025|2024| |£|£| |Depreciation - owned assets|2,129|4,544|

----- End of picture text -----

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

None of the trustees received any remuneration or other benefits for acting as trustees for the year ended 31st March 2025, nor for the year ended 31st March 2024.

Trustees' expenses

There were no trustees' expenses for the year ended 31st March 2025 (2024: none)

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Sales, distribution & administration|2|2|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

The directors are the only individuals considered to be key management personnel. One trustee received payment for the provision of management and other services through a company under their control, as disclosed in note 12.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |fund|fund|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|31,618|343,882|375,500| |Charitable activities| |-| |Incoming resources from charitable activities|43,894|43,894| |Investment income|6,472|-|6,472| |Total|81,984|343,882|425,866| |EXPENDITURE ON| |Raising funds|223|-|223| |Charitable activities| |Incoming resources from charitable activities|362|-|362|

----- End of picture text -----

continued...

Page 8

DAVID PAWSON PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
Direct charity activities 75,937 16,075 92,012
Support costs 10,239 81,489 91,728
Investment costs 4,544 - 4,544
Total 91,305 97,564 188,869
NET INCOME/(EXPENDITURE) (9,321) 246,318 236,997
RECONCILIATION OF FUNDS
Total funds brought forward 537,668 - 537,668
TOTAL FUNDS CARRIED FORWARD 528,347 246,318 774,665
7. TANGIBLE FIXED ASSETS
COST Office
equipment
£
At 1 April 2024 30,172
Additions 1,478
At 31 March 2025 31,650
DEPRECIATION
At 1 April 2024 27,475
Charge for year 2,129
At 31 March 2025 29,604
NET BOOK VALUE
At 31 March 2025 2,046
At 31 March 2024 2,697

continued...

Page 9

DAVID PAWSON PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

8. STOCKS

8. STOCKS
2025 2024
£ £
Stocks 1,950 1,436
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors 2025
£
608		 2024
£
292
Other debtors 23,065 8,061
Prepayments and accrued income 6,213 6,329
29,886 14,682
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 2025
£
720		 2024
£
-
Other creditors 345 340
Accrued expenses 19,348 13,396
20,413 13,736
11. MOVEMENT IN FUNDS
Unrestricted funds At 1.4.24
£		 Net
movement
in funds
£		 At
31.3.25
£
General fund 528,347 4,741 533,088
Restricted funds
David Pawson Teaching Fund 246,318 (64,236) 182,082
TOTAL FUNDS 774,665 (59,495) 715,170
Net movement in funds, included in the above are as follows:
Unrestricted funds Incoming
resources
£		 Resources
expended
£		 Movement
in funds
£
General fund 6,870 (2,129) 4,741
Restricted funds
David Pawson Teaching Fund 121,737 (185,973) (64,236)
TOTAL FUNDS 128,607 (188,102) (59,495)

continued...

Page 10

DAVID PAWSON PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.23 in funds 31.3.24
£ £ £
Unrestricted funds
General fund 537,668 (9,321) 528,347
Restricted funds
David Pawson Teaching Fund - 246,318 246,318
TOTAL FUNDS 537,668 236,997 774,665
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds Incoming
resources
£		 Resources
expended
£		 Movement
in funds
£
General fund 81,984 (91,305) (9,321)
Restricted funds
David Pawson Teaching Fund 343,882 (97,564) 246,318
TOTAL FUNDS 425,866 (188,869) 236,997

12. RELATED PARTY DISCLOSURES

The Company operates under a Licence to distribute the works of the Reverend David Pawson. The intellectual property rights to those works are owned by David Pawson Ministry CIO ("DPM"), registered charity no. 1112737. Mr S Dally, a director and trustee of David Pawson Publishing Ltd ("DPPL"), is also a trustee of David Pawson Ministry CIO.

Royalties paid to DPM in the financial year totalled £6,410 (2024: £986). During the year DPPL received donations from DPM of £37,763 (2024 : £295,907). At the balance sheet date DPPL was owed £18,198 by DPM (2024: £4,124). This amount is included in the financial statements within "Other debtors".

For the year ended 31st March 2025 the company paid £23,050 to a company controlled by Mr S Dally for consultancy services (Year ended 31st March 2024 : £28,780). In both years the payments were for services relating to specific project work including Business Development.

continued...

Page 11

DAVID PAWSON PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

13. RESTRICTED FUNDS

The David Pawson Teaching Fund is a restricted fund to be applied specifically for the promotion of the works of David Pawson. This distinguishes it from the general funds which may be applied in the wider charitable objects of promoting the Christian religion, including the works of other authors.

Page 12

DAVID PAWSON PUBLISHING LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Interest receivable - trading
Charitable activities
Trading Income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Premises Expenses
Charitable activities
Wages
Pensions
Postage and Carriage
Royalties
Book/dvd production costs
Opening Stock
Purchases
Closing Stock
Office equipment
Translation
Rent
Television broadcasting
Support costs
Management
Insurance
Telephone
Sundries
Computer support services
Computer equipment
Bank interest
Governance costs
Annual Accounts & Independent Examination
Carried forward		 2025
£
76,584
1,230
77,814
6,870
43,923
128,607
-
38,373
1,151
954
6,592
9,584
1,436
8,853
(1,950)
23
730
7,848
43,920
117,514
1,581
780
16,491
14,028
2,129
2,052
37,061
8,527
8,527		 2024
£
375,500
-
375,500
6,472
43,894
425,866
223
39,769
1,189
830
5,098
13,250
471
9,109
(1,436)
23
183
7,848
37,440
113,774
1,679
256
11,852
15,014
4,544
1,730
35,075
9,187
9,187

This page does not form part of the statutory financial statements

Page 13

DAVID PAWSON PUBLISHING LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2025

Governance costs
Brought forward
Legal and professional fees
Total resources expended
Net (expenditure)/income		 2025
£
8,527
25,000
33,527
188,102
(59,495)		 2024
£
9,187
30,610
39,797
188,869
236,997

This page does not form part of the statutory financial statements

Page 14