2020-12-31-accounts - Subud Britain

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			Page
Trustees and Directors	Annual	Report	1-5
Report ofthe Auditors			6-7
Statement of Financial	Activities and income and Expenditure		8
Balance Sheet			9
Notes to the Accounts			10-22

Chair			Louise Mackenzie		resigned	26.5.2021
Regional	chairs
		South East	Noura Hardy		appointed	3.4.2021
			AnnabeBa Ashby		resigned	22.8.2020
		East Anglia	Hassanah Wilson		appointed	13.3.2021
			Mahmud Henry Rogers		resigned	1.3.2020
		South West	Elissa Mood		appointed	17.1.2021
			Paul Gorham		resigned 28.8.2020
		North	Renee Santosa		appointed	2.3.2020
			John Sheard		resigned 2.3.2020
		Scotland	Morgan Petrie		resigned 2.8.2021
		London	Hedley Bennett		resigned 8.8.2020
		Thames Valley	John Michell
The Trustees		compriise the National	Council Chair and	the Regional Chairs. AB Trustees are members			of National
Council and		are also the Directors	ofthe company.
The National		Executive officers duriing the year and in		the period to the date ofapprove of the accounts were:
Executive	Chair		Susannah Bolt
National	secretary		Magda Salem		appointed	1.8.2020
National	treasurer		Aleena Flanders
Other officers during the year were:
Committee		Councillor	Lucy Houbart		appointed	9.1.2021
			Rashid Rogers		resigned 27.9.2020
Archivist			Solihin Garrard
BANKERS			CAF Bank Ltd
			25 Kings Hill Avenue,	Kings	Hill, West Mailing, Kent ME194JQ
AUDITORS			Thomas Westcott
			Timberly, South Street, Axminster, Devon, EX135AD

				Unrestricted	Restricted	TotalFunds
			Note	Funds	Funds	2020
INCOME AND ENDOWMENTS
Incoming resources from generated		funds
Donations and legacies				346,408		346,408
Other trading activities				160		160
Investment income				1,176	618	1,794
Incoming resources from charitable		activities		146,425	802	147,227
Total incoming resources			3	494,169	1,420	495,589
EXPENDITURE
Charitable activities			4	301,620	21,454	323,074
Total resources expended				301,620	21,454	323,074
Net incoming resources before transfers				192,549	-20,034	172,515
TRANSFERS
Gross transfer between funds				-4,000	4,000
NET INCOME (EXPENDITURE) FOR THE		YEAR		188,549	-16.034	172,515
OTHER RECOGNISED GAINS
Gains (losses) on investment	assets			1,697	-2,008	-31I
NET MOVEMENT IN FUNDS				190,246	-18,042	I72,204
RECONCILIATION OF FUNDS
Total funds brought forward				770,691	1.598,384	2,369,075
Total funds camed forward			18	8960,937	81,580,342	E2,541,279

		Note	2020	2019
FIXED ASSETS
Tangible assets		10	1.923,454	1,943,390
Investments		11	49,759	49,451
			1,973,213	1,992,841
CURRENT ASSETS
Debtors		13	700
Cash at bank and in hand		14	630,762	436,610
			631,462	437,456
CREDITORSr amounts	foUlng due
wBhln one year		15	-29,809	-25,796
NET CURRENT ASSETS			601,653	4117860
TOTAL ASSETS LESSCURRENT
LIABILITIES			2,574,866	2.404,501
CREDITORS: amounts	taUlng due
after more than one	year		-33,587	-35,426
NET ASSETS			2,541,279	2,369,075
THE FUNDS OF THE CHARITY
Unrestricted Income	funds		960.937	770691
Restricted income funds			1,580,342	1,598,384
		18	2,541.279	2,369,075

ACCOUNTING POLICIES
Accounting conventions and basis of preparaBon
The accounts have been prepared in accordance with:
(a) FRS102,'The Financial Reporting Standard applicable in the UK and the Republic	of Ireland',			the Statement of
Recommended Practice applicable to chanties preparing their accounts in accordance			with Financial			Reporting
Standard in the UK and Republic ofIreland (FRS102) (Chariilies SORP (FRS102))
(b) The Charities Act 2011
(c) the historiic cost basis of accounting, as modified by the revaluation ofcertain financial			assets		and liabilities
measured at fair value through income and expenditure.
The financial statements are prepared in Sterling which is the functional currency of	the entity.
Fund accounBng
Unrestricted funds are available for use at the discretion ofthe Trustees in furtherance ofthe
general objectives of the chariity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through
the terms ofan appeal.
IncomIng resources
AB incoming resources are included in the Statement ofFinancial Activities when the charity is
legally entitled to the income and the amount can be quantified with reasonable accuracy. The
foriowing specific policies are applied to particular categoiies ofincome:
—Voluntary income is received byway ofdonations. gifts and grants and is included in full in
the Statement of Financial Activities. Grants where entitlement is not conditional on	the delivery
af a specific performance ofthe charity are recognised when the charity becomes
unconditionally entitled to the grant.
—Investment income is included when receivable.
- No amounts are included in th'e finanaal statements for services donated by volunteers.
Resources expended
All expenditure isaccounted for on an accrual basis. Expenditure includes any VAT	which
cannot be recovered, and is reported as part ofthe expenditure to which itrelates.	The
following specific policies are applied to particular categoriies ofexpenditure:
—Charitable expenditure comprises those costs incurred by the charity in the delivery of		its
activiEes and services for its beneficiaries. Itincludes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support	them.
-Governance costs include those costs associated with meeting the constitutional	and
statutory requirements ofthe chariity and include the audit fees and costs linked to	the
strategic management ofthe chanty.
OperaBng leases
Rentals payable under operating leases are charged against income on a straight	line basis over the
lease term.
ConsoRdaBon
The company and its subsidiary comprise a small group. The company has therefore	taken advantage
ofthe exemption conferred by 5248 ofthe Companies Act 1985not to prepare group accounts.
Cash flow
The accounts do not include a cash flow statement because the company, as a small reporting					entity,
is exempt from the requirements to prepare such a statement under Financial Reporting		Standard
102Section IA for smaller entities.

Tangible Fixed assets
Depreciation is provided at rates calculated to vmte off the cost	less residual value of		each		asset over its
expected useful life. Depreciation offreehold properties is provided at 1%ofthe cost.
Amortisation calculated by reference to the unexpired portion of		leases ofthe leasehold		properties		is
charged to the property fund.
Tax recoverable
Tax recoverable relating to Gift Aid income istaken into account		in the year in which	it is	received.
Valuation of Investments
Investments held as fixed assets are shown at current valuation.
Going concern
There are no material uncertainties about the charity sability to continue.
Judgemenfs and key sources afesyimaRon uncertainty
The preparation ofthe financial statements requires management		to make judgements.		estimates,		and assumptions
that affect the amounts reported. These estimates and judgements		are continually reviewed			and are based on
experience and other factors, including expectations of future events that are believed to be reasonable							under the
circumstances.
Accounting estimates and assumptions are made concerning the		future and, by their	very nature			will rarely equal
the related actual outcome.
Financial instruments
A financial asset ora financial liability is recognised only when the		company becomes	a	party to the contractual
provisions ofthe instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement						constitutes a financing
transaction, where it is recognised at the present value ofthe future payments discounted				at a market rate of
interest fora similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence ofimpairment
at the end ofeach reporting date. Ifthere is objective evidence	ofimpairment. an impairment loss is recognised							in
profit or loss immediately.
Limited by Guarantee
Subud Briitain isa company limited by guarantee and accordingly		does not have any	share		capital.
Every member ofthe company undertakes to conkibute such amount as may be required					not exceeding		El, to the
assets ofthe charitable company in the event of it being wound	up while he or she isa member, or within						one year
after he orshe ceased to be a member.

INCOMING AND ENDOWMENTS	INCOMING AND ENDOWMENTS
2020			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
Incoming resources	from generated	funds
Donations and legacies
Gift Aid donations			116,475		116,475
Other donations			194,599		194,599
Grants			35.334		35,334
			346,408	0	346,408
Other trading activities
Fund raising			160		160
			160		160
Investment income
Interest			1,176	618	1.794
			1,176	618	1,794
Incoming resources	from charitable	activities
Congress					0
Hall letting			141,180		141,180
Other income			5,245	802	6,047
			146,425	802	147,227
Total Incoming Resources			8494,169	81,420	8495,589
2019			Unrestricted	ResMcled	Total Funds
			Funds	Funds	2019
Incoming resources	from generated	funds
Donations and legacies
Giff Aid donations			112,811	215	113,026
Other donations			71,445	2,315	73,760
Enterprise donations					0
			184,256	2,530	186,786
Other trading activities
Fund raising			4,299		4,299
			4,299		4,299
Investment income
Interest			275	837	1,112
			275	837	1,112
Incoming resources	from charitable	activities
Congress			58,313		58,313
~aE letting			290,536		290,536
Other income			3.169	4,655	7,824
			352,018	4,655	356,673
Total Incoming Resources			8540.848		8548,870

CHARITABlE ACTIVITIES	CHARITABlE ACTIVITIES	CHARITABlE ACTIVITIES
2020					Nates	Unresklcted	Restricted	Tolal Furscls
						Funds	Funds	2020
Donations:
World Subud Association				8, Zonal
contributions						44,500	0	44,500
								0
						44,500	0	44,500
Properly;
Insurance						14,347		I4,347
Repairs 8maintenance						55,721		55,721
Professional fees						990		990
Cleaning						4,945		4,945
Light 8,heat						23,857		23,857
Rent						47,537		47,537
Rates						3,390		3,390
Water						6,209		6,209
Household 8,garden						2,561		2,561
Interest paid						1,486		1,486
						161,043		161,043
Other direct charitable			expenditure:
Group, Regional		& National
Committee	expenses					13,855		13,855
Helper expenses						36		36
National Office						491		491
Telephone						2,433		2,433
Computer costs						2,514	0	2,514
Bank charges						1,230	60	1.290
Gift Aid administration						1,428	0	1,428
Accountancy						9,504	0	9,504
Bookkeeping						735	0	735
Congress						2,115	0	2,115
SICA activities						0	315	315
SYFA activities						0	845	845
SYA activities						0	298	298
SIHA grant						500	0	500
World Congress		travel				0		0
Publications						4,971		4.971
Management	Fees					28,121		28,121
Archives						6.570	0	6,570
Sundry						4,937	0	4,937
Depreciation of		freehold		properly		0	19,936	19,936
						79.440	21,454	100,894
Other costs						16,637		16,637
Total charitable		activities				8301,620	821,454	8323,074

CHARITABLE	ACTIVITIES	ACTIVITIES	continued	continued
2019					Notes	Unrestricted	Restiicted	Total Funds
						Funds	Funds	2019
Donations
World Subud	Association			IL Zonal
contributions						44,500		44,500
								0
						44,500		44.500
Property:
Insurance						13,190		13,190
Repairs 8,maintenance						195,703		195,703
Professional	fees					13,161		13,161
Cleaning						6,899		6,899
Light 8,heat						29,267		29,267
Rent						75,126		75,126
Rates						3,576		3,576
Water						9,178		9,178
Household 8,garden						4,910		4.910
Interest paid						1,743		1,743
						352,753		352,753
Other direct	charitable		expenditure:
Group, Regional		8, National
Committee	expenses					13,106		13,106
Helper expenses						9,230	919	10.149
National Office						3,727		3,727
Telephone						2,866		2,866
Computer costs						1,059		1,059
Bank charges						1,339	60	1,399
Gift Aid administration						1,497		1.497
Accountancy						9,504		9,504
Bookkeeping						870		870
Congress						77,179		77,179
SICA activities						0	314	314
SYFA activities						0	2,746	2,746
SYA activities						0	78	78
World Congress		travel				0	185	185
Publications						5.530		5,530
Management	Fees					53.363		53,363
Archives						5.963		5,963
Sundry						5,345		5,345
Depreciation	of	freehold		properly		0	19.936	19.936
						190.578	24,238	214,816
Other costs						15,215		15,215
Total charitable		activities				5603.046	524.238	5627,284

			Unrestricted	Restricted	TotalFunds	TotalFunds
			Funds	Funds	2020	2019
Audit			5,520		5,520	5,520
Legal	and professional	fees	10,254		10,254	843
Trustee	meeEngs		863		863	8,852
			516,637		516,637	515,215

	Trustee expenses were paid where appropriate and if claimed	Trustee expenses were paid where appropriate and if claimed	by individual	Trustees.
	During the year expenses were paid to 3Trustees (2019-6)
						2019
	Expenses comprised:
	Travel				380	1,646
	Meetings accommodation				224	1,674
	Subud Britain	Congress fees			0	350
	Other				0	0
					5604	53,670
					2020	2019
7.	STAFF COSTS
	Gross salaries				11,220	21,581
	Employea National Insurance				8	155
					511.228	521,736
	The average number of part time staff during the year
	No employees	received employee benefits exceeding 860,000	during the	year.
					2020	2019
8.	AUDITORS REMUNERATION
	Fees payable	forthe audit ofthe financial statements			5,520	5,520
	Fees payable	to the charity's auditor forother services			Enil	Enll
9.	GROSS TRANSFER BETWEEN FUNDS (see also Note '18)
	General Fund:
	SYFA				2,500
	SICA				1,500
					4,000

Summary;
Freehold	properly				1,913,904	1,933,840
Leasehold	properly				9,550	9,550
					81,923,454	f.1,943,390
Freehold	properly		ACcumulated		Net book
		Cost at	Depreciation	Depreciation	value	Cost at
		31-Dec-I9	31-Dec-I9	2020	31-Dec-20	31-Dec-19
Barnet		12,230	-366	-122	11,742	12,230
Bradford		19,246	-576	-192	18,478	19,246
Canterbury		62,564	-1.878	-626	60,060	62,564
Central London		797,777	-23,937	-7,979	765,861	797,777
Hull		2,150	-66	-22	2,062	2,150
Lewes		196,945	-5,907	-1,969	189,069	196,945
Liverpool		5,648	-168	-56	5,424	5,648
Manchester		439,541	-13,186	-4,395	421,960	439,541
Perth		340,128	-10,203	-3,401	326,524	340,128
Reigate		13,862	-417	-I39	13,306	13,862
Sheffield		2,420	-72	-24	2,324	2,420
Tunbridge	Wells	101,138	-3,033	-1,011	97,094	101,138
		f.1,993,649	459,809	-819,936	f.1,913,904	E1,993,649

Leasehold properly
	Bristol	Norwich	Total
Cost at31-Dec-2019	9,549	27,700	37,249
Disposals	0	0	0
Cost at 31-Dec-2020	9,549	27,700	37,249
Amortisation at 31-Dec-2019		27,699	27,699
Disposals		0	0
Amortisation at 31-Dec-2020		27,699	27,699
Net book value at31-Dec-2020	K9.549		K9,550
Net book value at 31-Dec-2019	f.9,549	f.l	f.9,550

Unlisted investments:
Oakenhall Ltd
ordinary El shares		15,385	15,385
		15,385	15.385
Listed investments:
CAF Balanced Growth	Fund	31,311	32,701
Asiamet Resources Ltd		3,061	' 1,363
		34,372	34,064
Subsidiary undertaking
The Amadeus Centre Ltd
ordinary El shares (see	note 8)	2
		849,759	849,451
Market value at 31-Dec-2019		49,451	45,704
Additions		618	836
Disposals		0	0
Net investment (lossf gain		-311	2,911
Market Value at 31-Dec-2020		9.49,758	849,451
Historical cost at 31-Dec-2020		841,823	&II,823

			2020	2019
13.	DEBTORS
	Trade debtors		0	0
	Other debtors		700	846
				F846
14.	CASH AT BANK AND IN HAND
	National accounts and Restricted	Funds	254,772	76,228
	Group 8 Regional accounts		375,990	360,382
			fi630,762	8436,610

					2020	2019
15.	CREDITORS: AMOUNTS	FALLING	DUE WITHIN	ONE YEAR
	Bank loans (secured)				3,324	3,324,
	Trade creditors				0	328
	Taxation and social security				0
	Other creditors				26.485	22,137
					E29,809	525,796
16.	CREDITORS: AMOUNTS	FALUNG	DUE AFTER MORE THAN ONE YEAR
	Bank loans (secured)				533,587	835,426
	Total Bank loans outstanding
	-repayable within one year				3,325	3,324
	-repayable between	2-5years			13,300	13,296
	-repayable over 5years				20,286	22,130
					E36,911	E38,750
	The bank loan is secured on the		Canterbury	properly.

			Totalfunds			Transfers	Gain	Total funds
			brought	Incoming	OU'tgolng	between	jtossj on	canied
			forward	resources	resources	funds	investments	forward
Unreslricted		funds:
General	fund		724.758	428,202	-299,505	-47100	1,697	851,152
PPMF			45,933	65.967	-2,115	0	0	109,785
Congress			0	0	0		0	0
			770,691	494,169	-301420	-4,000	1.697	960,937
Restricted	tundsr
Permanent		Endowment	32.701	618	0	0	-2.008	31,311
Property			1,538,773	0	-19,936	0	0	1,518,837
SICA			238	0	-314	1,500	0	1,424
SYFA			2000	802	4145	2,500	0	4A57
Subud Youth			9,834	0	-359		0	9.475
World Congress reserve			0		0			0
Archives			9,823		0			9,823
Glansevin	Kejiwaan		5,015		0			5,015
			1,598,384	1,420	-21 454	4,000	-2,008	1,580.342
Totalfunds			82,369,075	8495,589	-8323,074	F.O	-8311	82,541,279

SUUUD BRITAIN
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
RESERVES / FUNDS INFORMATION
Properly Purchase &Management Fund (previously called Capital Fund)
Bequests received by Subud Brttain are placed in the Fund. The fund is used	to assist with	the purchase
or major repair of properties either asa direct contribution to the cost or as	a loan.
Congress
Any surplus made on Congress may be carried forward towards to the cost	of the following years Congress.
EA Regional Property
East Anglia Region established a fund to raise money towards the purchase	ofa property	tora
Regional Centre.
Permanent Endowment
This fund was established by the Trustees and is invested in a charity investment fund. The		purpose of
the Permanent Endowment fund is to provide investment income for the use ofSubud Brttain.
Properly
Funds raised for the purchase of property. These funds have al been used for that purpose and			the
fund balance is held in property and not in available cash. As the purpose ofthese funds		has been
fulfilled, the proceeds of any property sale are placed in the General fund.	It isa policy ofSubud
Britain that these proceeds will then be available to the Group or Region who were using		the properly
to enable them to buy another property. Ifno property has been purchased	within 2years of the sale
then a review is carried out with the Group or Region to determine ifthe funds are still required			for
that purpose.
SICA
SICA is the Subud International Cultural Association, in Britain. SICA encourages, facilitates		and
co-ordinates the inner creative ability of all Subud Britain members and isone of the vehicles for
taking Subud into the world. SICA raises its funds from donations and cultural	activities.
Suhud Youth
Subud Youth organises activities and events for young people in Subud Britain.
Archives
This fund isto support the work of the Subud Brttain archives to collate and preserve the history			of the
development ofSubud in this country for future qenerations.
SYFA (was SuFA]
Subud Youth & Families Association organises activities and events for youth	and families	in Subud		Brttain.
WSA
The World Subud Association is the umbrella organisation for the world wide	Subud community,		which includes Ss
member countries. Subud Britain isa member country ofthe World Subud Association.
Glansevfn KeITwaan
Kejiwaan weekends in at Glonsevin in South Wales.
Any surplus may be used for General Funds.

								2020	2019
20.	NATIONAL	CONTRIBUTIONS
	ContUibutions		by	the Regions to the National	funds	were	as follows:
	Region;			South East				36,550	39,400
				East Anglia				10,500	7,250
				South West				16,000	17,400
				North				6,000	3,000
				Scotland				9,160	11,160
				London				12,000	16,650
				Thames Valley				I6,200	13,801
								8106,410	E108,661
21.	NA'TIONAL	CONGRESS
	Receipts								58,313
	Costs			Fees paid by	National,		Groups and Regions		8,855
				Cost of Congress		3,Gathering			50,344
				Officers fees	and	expenses			4,538
									63.737
	Net cost to	Subud		Britain					55,424

ANALYSIS OF NET ASSETS BEIWEEN FUNDS
	UnrestBicted	Restdicted	Total
	funds	funds	Funds
Tangible assets	404,617	1,518,837	1,923,454
Investments	18,459	31,311	49,770
Net cunent assets	571,448	30,194	601,642
Creditors falling due after more than one year	-33,587	0	-33,587
	F960,937	F.1,580,342	52,541,279

non-canceBable opera	ting leases as follows:
		Land and	buildings
		2020	2019
Expiry date:
Within one year		0	0
Between one and five	years
Over five years		26,000	26,000
		F26,000	826,000
The total commitment	over the life of the lease is 5344,500f2019:F370.500)