2021-12-31-accounts - Subud Britain

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			Page
Trustees and Directors	Annual	Report	1-5
Report of the Auditors			6-7
Statement of Financial	Activities and Income and Expenditure		8
Balance Sheet			9
Notes to the Accounts			10-21

Chair				Louise Mackenzie			resigned		26.5.2021
				Stephanie Holloway			appointed		26.9.2021 resigned		21.12.2021
				Conrad Aldridge			appointed		13.2.2022 resigned		27.7.2022
				Lorna Dowson-Collins			appointed		29.7.2022
Regional	chairs
		South East		Noura Hardy			resigned		30.8.2021
				Lorna Dowson-Collins			appointed		22.9.2021
		East Anglia		Hassanah Wilson			appointed		17.3.2021
		South West		Elissa Mood			appointed		17.1.2021
		North		Renee Santosa			resigned		26.9.2021
		Scotland		Morgan Petrie			resigned		2.8.2021
		Scotland	3, NE England	Mirabelle Viviana	Scott		appointed		27.11.2021
		London
		Thames	Valley	John Michell			resigned	27.11 2021
The Trustees		comprise	the National	Council Chair and the Regional Chairs. All					Trustees are members		of National
Council and		are also	the Directors ofthe company.
The National		Executive officers during the year and in the			period		to the date ofapprove of the accounts were:
Executive	Chair			Susannah Bolt			resigned	28.2.2022
National	secretary			Magda Salem			resigned	31.10.2021
National	secretary			Donald Rust			appointed		19.10.2021 resigned		18.04.2022
National	secretary			Magda Salem			appointed		1.6.2022
National	treasurer			Aleena Flanders
Other officers during			the year were:
Committee		Councillor		Lucy Houbart			appointed		9.1.2021 resigned	1.3.2022
Committee		Councillor		Rashid Rogers			appointed		1.4.2022
Archivist				Solihin Garrard
BANKERS				CAF Bank Ltd
				25 Kings I lill Avenue,		Kings	Hill, West Mailing, Kent ME19 4JQ
AUDITORS				Thomas Westcott	LLP
				Timberly, South Street, Axminster, Devon, EX135AD

				Unrestricted	Restricted	Total Funds	Tota	I Funds
			Note	Funds	Funds	2021		2020
INCOME AND ENDOWMENTS
Incoming resources from generated		funds
Donations and legacies				182,566	182,000	364,566	346,408
Other trading activities				0		0		160
Investment income				676		676		1,794
Incoming resources from charitable		activities		159,489	-1,970	157,519		147,227
Total incoming resources				342,731	180,030	522,761	495,589
EXPENDITURE
Charitable activities				358,796	20,754	379,550	323,074
Total resources expended				358,796	20,754	379,550	323,074
Net incoming resources before transfers				-16,065	159,276	143,211		172,515
TRANSFERS
Gross transfer between funds				5.015	-5,015
NET INCOME (EXPENDITURE) FOR THE		YEAR		-I 1,050	154,261	143,211		172,515
OTHER RECOGNISED GAINS
Gains (losses) on investment	assets			-1,470	4,700	3,230		-311
NET MOVEMENT IN FUNDS				-I2,520	158,961	146,441		172,204
RECONCILIATION OF FUNDS
Total funds brought forward				960,937	1,580,342	2,541,279	2,369,075
Total funds carried forward			18	f948,417	E1,739,303	K2,687,720	Z2,541,279

			Note	2021	2020
FIXED ASSETS
Tangible assets			10	1,901,479	1,923,454
Investments			11	52,989	49,759
				1,954,468	1,973,213
CURRENT ASSETS
Debtors			13		700
Cash at bank and	in	hand	14	775,930	630,762
				775,930	631,462
CREDITORS: amounts		falling due
within one year			15	-i 1,062	-29,809
NET CURRENT ASSETS				764.868	601,653
TOTAL ASSETS I.ESS	CURRENT
LIA BILITIES				2,719,336	2,574,866
CREDITORS: amounts		falling due
after more than one		year	16	-31,616	-33,587
NET ASSETS				2,687,720	2,541,279
THE FUNDS OF THE	CHARITY
Unrestricted income		funds		948,417	960,937
Restricted income	funds			1,739,303	1,580.342
			18	2,687,720	2,541,279

GENERAL INFORMATION
The charity isa private company limited by guarantee, registered in England 8, Wales					and		a	registered			charity	in
England Ik Wales as well as Scotland.
The address of the registered office is:
51 High Street, Arundel. West Sussex, 8N18 9AJ
ACCOUNTING POLICIES
Accounting conventions and basis of preparation
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 charities preparing their accounts	in accordance						with Financial				Reporting
Standard in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS102))
(b) The Charities Act 2011
(c) the historic cost basis ofaccounting, as modified by the revaluation of	certain	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 accounting
Unrestricted funds are available for use at the discretion ofthe Trustees in furtherance					of	the
general objectives of the charity.
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 of an appeal.
Incoming resources
All incoming resources are included in the Statement of Financial Activities	when	the		charity				is
legally entitled to the income and the amount can be quantified with reasonable		accuracy.						The
following specific policies are applied to particular categories ofincome:
-Voluntary income is received by way of donations, gifts and grants and is included				in full			in
the Statement of Financial Activities. Grants where entitlement is not conditional		on	the delivery
ofa 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 the financial statements for services donated	by volunteers.
Resources expended
All expenditure is accounted for on an accrual basis. Expenditure includes	any VAT		which
cannot be recovered, and is reported as part of the expenditure to which	it relates.		The
following specific policies are applied to particular categories of expenditure:
—Charitable expenditure comprises those costs incuned by the charity in the delivery					of	its
activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs ofan indirect nature necessary to support			them.
—Governance costs include those costs associated with meeting the constitutional			and
statutory requirements of the charity and include the audit fees and costs linked to the
strategic management of the charity.
Operating leases
Rentals payable under operating leases are charged against income on a straight line basis								over the
lease term.
Consolidation
The company and its subsidiary comprise a small group. The company has	therefore			taken			advantage
of the exemption conferred by S248 of the 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 write off the cost less residual value of				each			asset	over its
expected useful life. Depreciation of freehold properties is provided at I'7o of the cost.
Amortisation calculated by reference to the unexpired	portion of	leases of the	leasehold		properties				is
charged to the property fund.
Tax recoverable
Tax recoverable relating to Gift Aid income is taken 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's	ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the 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 of the 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 for a 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							of impairment
at the end ofeach reporting date. Ifthere is objective	evidence of impairment.		an impairment loss						is recognised		in
profit or loss immediately.
Limited by Guarantee
Subud Britain is a company limited by guarantee and	accordingly	does not hove any		share			capital.
Every member ofthe company undertakes to contribute such amount as may			be required				not exceeding			F.I, to the
assets of the charitable company in the event of it being wound up while he or she is a member,								or	within	one year
after he or she ceased to be a member.

INCOMING AND ENDOWMENTS	INCOMING AND ENDOWMENTS	INCOMING AND ENDOWMENTS	INCOMING AND ENDOWMENTS
2021					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
Incoming resources			from generated	funds
Donations and		legacies
Gift Aid donations					105,515		105,515
Other donations					46,428	182,000	228,428
Grants					30,623		30,623
					182,566	182,000	364,566
Other trading	activities
Fund raising
Investment income
Interest					676		676
					676		676
Incoming resources			from charitable	activities
Congress					4,483		4.483
Hall letting					140,402		140,402
Other income					14.604	-1,970	12,634
					159,489	-1,970	157,519
Totallncoming		Resources			2342,731	EI80,030	E522,761
2020					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
Incoming resources			from geneFated	funds
Donations and		legacies
Giff Aid donations					I 16,475		116,475
Other donations					194,599		194,599
Grants					35,334		35,334
					346,408		346.408
Other trading	aciivities
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		6,047
					I46,425		147,227
Total Incoming	Resources				2494,169	E1,420	E495,589

CHARITABLE ACTIVITIES	CHARITABLE ACTIVITIES
2021			Notes	Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
Donations:
World Subud Association		8, Zonal
contributions				44,500		44,500
Susila Dharma				250		250
				44,750		44,750
Property;
Insurance				14,528		14,528
Repairs 8, maintenance				88,352		88,352
Professional fees				8,367		8,367
Cleaning				7,090		7,090
Light 8, heat				26,818		26,818
Rent				49,980		49,980
Rates				2,914		2,914
Water				4,502		4,502
Household 8,garden				2,383		2.383
Interest paid				1,354		1,354
				206,288		206,288
Other direct charitable		expenditure:
Bookkeeping				765		765
Management Fees				16,069		16,069
Helper expenses				3,888		3,888
Publications				4,619		4,619
Archives				6,163		6,163
Other charitable	costs			2,488		2,488
Groups to Regions				4,295		4,295
Groups to National				-1,208		-1,208
National office				974		974
Committee expenses				20,648		20,648
Telephone				2,774		2,774
Bank charges				1,900		1,900
Gift Aid administration				1,293		1,293
Accountancy				9,582		9,582
Computer costs				714		714
Charitable contributions				3i5		315
Congress costs				14.928		I4,928
SICA activities					352	352
SYA activities					185	185
SYFA activities					281	281
Depreciation of	freehold	property			19,936	19,936
				90,207	20,754	110,961
Other costs				17,551		17,551
Total charitable	activities			E358.796	E20,754	E379,550

CHARITABLE	ACTIVITIES continued	ACTIVITIES continued	ACTIVITIES continued
2020				Notes	Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
Donations:
World Subud	Association		IL Zonal
contributions					44,500		44,500
					44,500		44,500
Property:
Insurance					14,347		14,347
Repairs 8, maintenance					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		8, National
Committee	expenses				13,855		13,855
Helper expenses					36		36
Nati on a I0f	fice				491		491
Telephone					2,433		2,433
Computer costs					2,514		2,514
Bank charges					1,230	60	1,290
Gift Aid administration					1,428		1,428
Accountancy					9,504		9,504
Bookkeeping					735		735
Congress					2,115		2,115
SICA activities					0	315	315
SYFA activities					0	845	845
SYA activities					0	298	298
SIHA grant					500		500
Publications					4,/71		4,971
Management	Fees				28,121		28,121
Archives					6,570		6,570
Sundry					4,937	0	4,937
Depreciation	of	freehold	property		0	19,936	19,936
					79,440	21,454	100,894
Other costs					16,637		16,637
Total charitable		activities			E301,620	E21,454	E323,074

5.	OTHER COSTS
						Unrestricted			Restricted		Total Funds	Total Funds
							Funds			Funds	2021	2020
	Audit						4,429				4,429	5,520
	Legal and professional fees						3,434				3,434	10,254
	Trustee meetings						9,687				9,687	863
							E17,551			EO	E17,551	Kl6,637
6.	TRUSTEES REMUNERATION		AND EXPENSES
	There is no remuneration		paid to the Trustees.
	Trustee expenses were paid where appropriate				and	if	claimed	by individual		Trustees.
	During the year expenses		were paid	to 3Trustees (2020- 5)
											2021	2020
	Expenses comprised:
	Travel										851	380
	Meetings accommodation										160	224
	Subud Britain	Congress fees
	Other
											EI,011	E604
											2021	2021
7.	STAFF COSTS
	Gross salaries										15,372	11,220
	Employers National Insurance										0	8
											E15,372	E I 1,228
	The average	number of part time staff during			the year
	No employees	received employee		benefits exceeding			F60,000 during		the	year.
											2021	2021
B.	AUDITORS REMUNERATION
	Fees payable	for the audit of the financial statements									5,520	5,520
	Fees payable	to the charity's auditor		for other	services						Enil	Enil
9.	GROSS TRANSFER BETWEEN FUNDS (see also Note IBj
	General Fund										-3,411
	Congress										8,426
											5,015

Summary:
Freehold	property					1,891,929	1,913,904
Leasehold	property					9,550	9,550
						1,901.479	1,923,454
Freehold	property	Net book	Accumulated		Disposals	Net book	Net book
		value	Depreciation	Depreciation	at NBV in	value	value
		31-Dec-20	31-Dec-20	2021	2021	31-Dec-21	31-Dec-20
		b/f				c/f	c/f
Barnet		12,230		-122		11,620	12,230
Bradford		19,246		-192		18,286	19,246
Canterbury		62,564	-2,504	-626		59,434	62,564
Central London		797,777	-31,916	-7,979		757,882	797,777
Hull		2,150		-22	-2,040		2,150
Lewes		196,945	-7,876	-1,969		187,100	196,945
Liverpool		5,648	-224	-56		5,368	5,648
Manchester		439,541	-17,580	-4,395		417,566	439,541
Perth		340,128	-13,604	-3,401		323,123	340,128
Reigate		13,862	-556	-139		13,167	13,862
Sheffield		2,420	-96	-24		2,300	2,420
Tunbridge	Wells	101,138	-4,044	-1,011		96,083	101,138
		1,993,649	-79,744	-19,936	-2,040	i,891,929	1,993,649

Leasehold property
	Bristol	Norwich	Loudwater	Total
Cost at 31-Dec-2020	9,549	27,700		37,249
Disposals
Cost at 31-Dec-2021	9,549	27,700		37,249
Amortisation at 31-Dec-2020		27,699		27,699
Disposals
Amortisation at 31-Dec-2021		27,699		27,699
Net book value at 31-Dec-2021	9,549			9,550
Net book value at 31-Dec-2020	9,549			9,550

				2021	2020
INVESTMENTS
Unlisted investments:
Oakenhall Ltd
ordinary E I shares				15,385	15,385
				15,385	15,385
Listed investments:
CAF Balanced	Growth		Fund	36,011	31,311
Asiamet Resources		Ltd		1,591	3.061
				37,602	34,372
Subsidiary undertaking:
The Amadeus	Centre		Ltd
ordinary E1 shares
				52,989	49,759
Overall total:
Market Value	at 31-Dec-2020			49,758	49,451
Additions				556	618
Disposals
Net investment	gain (loss)			2,675	-311
Market Value	at 31-Dec-2021			52,989	49,758
Historical cost	ai 31-Dec-2021			41,823	41,823

					2021	2020
13.	DEBTORS
	Trade	debtors
	Other	debtors				700
						700
i4.	CASH	AT BANK AND	IN HAND
	National accounts and Restricted			Funds	378,407	254,772
	Group	8, Regional accounts			397.523	375,990
					775,930	630,762

				2021	2020
15.	CREDITORS: AMOUNTS	FALLING DUE WITHIN	ONE YEAR
	Bank loans (secured)			3,324	3,324
	Trade creditors			1,500
	Taxation and social security
	Other creditors			6,238	26,485
				11,062	29.809
16.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
	Bank loans (secured)			31,616	33.587
	Total Bank loans outstanding
	—repayable between	2-5years		13,296	13,301
	—repayable over 5years			18,320	20,286
				31,616	33,587
	The bank loan is secured on the Canterbury		property.

			Total funds			Transfers	Gain	Total funds
			brought	Incoming	Outgoing	between	(Loss) on	carried
			forward	resources	resources	funds	investments	forward
Unrestricted		funds:
General	fund		851,152	338,225	-294,587	-3,411	-1,470	889,909
Congress				4,484	-14,928	8,426		-2,0i8
PPMF			109.785	23	-49,282			60,526
			960,937	342,732	-358.797	5,015	-1,470	948,417
Restricted	funds:
SYA			9,475		-186			9,289
SYFA			4,457	70	-280			4,247
SICA			1,424		-352			1.072
Archives			9,823					9,823
Glansevin	Kejiwaan		5,015			-5.015
Permanent		Endowment	31,311				4,700	36,011
Property			1,518.837	-2,040	-19,936			1,496,861
Lewes New		School		182,000				182,000
			1,580.342	180,030	-20.754	-5,015	4,700	1,739,303
Total funds			E2,541,279	522,762	-379,551		3,230	2,687,720

		SUBUD BRITAIN
		NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
I	9	RESERVES / FUNDS INFORMATION
		Properly Purchase 8.Management Fund (previously called Capital Fund)
		Bequests received by Subud Britain are placed in the Fund. The fund is used	to assist with	the purchase
		or major repair of properties either as a 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		year's Congress.
		EA Regional Properly
		East Anglia Region established a fund to raise money towards the purchase	ofa property		for a
		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 Britain.
		Property
		Funds raised for the purchase of property. These funds have all been used for that purpose			and	the
		fund balance is held in property and not in available cash. As the purpose	of these funds	has been
		fulfilled. the proceeds of any property sale are placed in the General fund.	It isa policy of		Subud
		Britain that these proceeds will then be available to the Group or Region who were using		the property
		to enable them to buy another property. If no property has been purchased	within 2years		of the sale
		then a review is carried out with the Group or Region to determine if the 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 is one of the vehicles for
		taking Subud into the world. SICA raises its funds from donations ancl cultural	activities.
		Subud Youth
		Subud Youth organises activities and events for young people in Subud Britain.
		Archives
		This fund is to support the work of the Subud Britain archives to collate and preserve the history				ofthe
		development of Subud in this country for future generations.
		SYFA
		Subud Youth 8, Families Association organises activities and events for youth	and families	in Subud			Britain.
		WSA
		The World Subud Association is the umbrella organisation for the world wide Subud community,				which includes 54
		member countries. Subud Britain is a member country of the World Subud Association.
		Fund transfers
		The Glansevin Kejiwaan fund was a donation restricted to Kejiwaan Weekends run at a venue				Glansevin
		Mansion in 20i9.The donor agreed that unused funds could be taken to general funds after that year.
		Lewes New School
		The Lewes New School is a property that the charity hopes to purchase in Lewes. An appeal was
		made for donations toward the purchase or refurbishment of the property,	returnable if the
		purchase does not complete. The donors are aware of this.

																	2021	2020
20.	NATIONAL		CONTRIBUTIONS
	Contributions			by	the Regions to the National funds were as										follows:
	Region:									South East							30,300	36.550
										East Anglia							9,600	10,500
										South West							19,000	16,000
										North							7,000	6,000
										Scotland							2.160	9,160
										London							10,000	12,000
										Thames Valley							13,000	16,200
																	E91,060	K106,410
21.	NATIONAL		CONGRESS
	Receipts																4,484
	Costs									Fees paid		by	National.	Groups and		Regions	2,753
										Cost of Congress 8, Gathering							7,904
										Officer's	fees		and expenses				2,253
																	12,910
	Net cost to			Subud		Britain											E8,426	KO
	The 2021	Congress				was	held at Loudwater					(2020 online		due	to Covid-19).
22.	ANALYSIS	OF NET			ASSETS			BETWEEN FUNDS
																Unrestricted	Restricted	Total
																funds	funds	funds
	Tangible	assets														404,618	1,496,861	1,901,479
	Investments															16,978	36,011	52,989
	Net current			assets												558,437	206,431	764,868
	Creditors	falling due after							more than one		year					-31,616	0	-31,616
																E948,417	K1,739,303	E2,687,720
23.	CONTROLLING PARTY
	The charity			is controlled				by the Board of Trustees.
24.	OPERATING			IEASE		COMMITMENTS
	At 31 December				2021 the				charity	had annual			commitments
	under a 9-year operating								lease at Loudwater				Farm as follows:
																	Land and	buildings
	From 22 May 2020																2021	2020
	Expiry date:			30September					2029
	Within one		year														27,000
	Between	one and				five	years										108,000	0
	Over five	years															81,000	26,000
																	K216,000	K26,000
	The total	commitment					over the life of the				lease is K216,000 (2020:F243.000)
	There is a	3		year break			clause, available				on 30September				2023and	2026.