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2024-12-31-accounts

Company number 1210435

SUBUD PUBLICATIONS INTERNATIONAL

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

SUBUD PUBLICATIONS INTERNATIONAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEX
Page
Trustees Annual Report 1
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7

SUBUD PUBLICATIONS INTERNATIONAL

DIRECTORS' AND TRUSTEE'S ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors present their annual report with the accounts of the company for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Subud Publications International is also known as SPI. Charity registration number 270159

Company registration number 1210435, registered in England and Wales. Registered office: 47 Waverley Road, St Albans, Herts AL3 5PH

TRUSTEES

The Trustees in office during the year were: Robin Drewett Valerie Drewett George Helmer Reinier Sillem Stewart Horthy Mustafa van Hien

All Trustees are members of the Council of Management and are also directors of the company.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee and registered as a charity. The governing document of the charity is the Memorandum and Articles of Association.

OBJECTIVES AND ACTIVITIES

SPI has the responsibility to write, make, commission, print, publish, circulate or distribute written materials or other materials recorded in or on any format explaining, clarifying or promulgating to the public at large and to Subud members the aims, principles and ideals of Subud or relating to Subud members or the organisation and administration of Subud.

Subud is that body of people in all parts of the world who meet together to take part in the worship of Almighty God through the Latihan Kejiwaan of Subud. Subud is open to all people of any faith or of no particular faith.

When planning our activities for the year the Trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular we provide books and other publications in a variety of formats on or about Subud to encourage and facilitate the practice of Subud by existing Subud members and to provide information on Subud to the public.

In pursuance of this, we have established a website to provide information to the general public: www.subudbooks.com for publications about Subud by Subud members.

The general public can download a number of titles about Subud from the website, free of charge.

SPI is coordinating the translation and publication of the Complete Recorded Talks of Bapak Muhammad Subuh in English/Indonesian and also Russian/Indonesian.

Fifteen Subud members worldwide are working on this important project - 8 who receive some payment for translations and editing.

Due to lack of funding we are no longer responsible for providing translations or editions in any other languages.

A regular Balance Sheet and Profit & Loss account is provided to Board members - to review the progress of activities and company finances. Board meetings are held once or twice a year. There is also an Annual General Meeting.

Page 1

SUBUD PUBLICATIONS INTERNATIONAL DIRECTORS' AND TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

During 2024 we made good overall progress and produced translations of the following editions of The Complete Recorded Talks of Bapak Muhammad Subuh:

Volume 41 was available for distribution in January 2024.

Volume 42 was published in July 2024

The translations and editing for Volume 43 were commenced for this edition to be published end 2025. Translations were received for the revision of Volume 1 - Part 1, for processing and publication mid 2025.

Other publications: During 2024

Funding was provided for the publication of the Complete Recorded Talks of Bapak Muhammad

Subuh, Volume 32, in Indonesian / Russian, in April 2024. Volume 33 was also completed for publication in 2025. The Indonesia/Spanish edition of Volume 32 was published February 2024.

FINANCIAL REVIEW

Policy on reserves

The trustees have reviewed the charity's needs for free reserves in line with guidance issued by the Charity Commission. Reserves are required to smooth fluctuations in income and expenditure, to ensure that resources are available to meet commitments. The board considers that a prudent level of reserves is the equivalent of between 3 and 6 months expenditure. The level of reserves is monitored and reviewed

by trustees at board meetings.

Fundraising

Funding from the Guerrand-Hermes Foundation for Peace for 2024, was received in February 2025. Funding from the World Subud Association for 2024 was received in January 2025.

We are able to advise that that we have secured funding to finance the project for the next 12 months.

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

Signed on behalf of the Council of Management

Leonard Hurd, Secretary

Approved by the Council of Management: Date 15 May 2025

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

SUBUD PUBLICATIONS INTERNATIONAL

I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2024.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act,

INDEPENDENT EXAMINER'S STATEMENT

in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no 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.

Elwyn Waugh BSc, FCA Waugh & Co Licenced Accountants

51 High Street, Arundel, West Sussex BN18 9AJ Date 15 May 2025

Page 3

SUBUD PUBLICATIONS INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Investment income
Incoming resources from charitable activities
8
2
RESOURCES EXPENDED
Charitable activities
3
Governance costs
4
Total resources expended
Net incoming resources before transfers
Gross transfers between funds
NET INCOME (EXPENDITURE) FOR THE YEAR
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
0
21
10,614
10,635
11,048
46
11,094
-459
0
-459
527
£68		 Restricted
Funds
10
2,044
34,048
36,102
66,224
1,094
67,318
-31,216
0
-31,216
223,830
£192,614		 Total Funds
2024
10
2,065
44,662
46,737
77,272
1,140
78,412
-31,675
0
-31,675
224,357
£192,682		 Total Funds
2023
178
2,278
48,785
51,241
57,353
1,044
58,397
-7,156
0
-7,156
231,513
£224,357

Page 4

SUBUD PUBLICATIONS INTERNATIONAL

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Stocks
7
Debtors
8
Cash at bank and in hand
CREDITORS: amounts falling due
within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS: amounts falling due
after more than one year
10
NET ASSETS
THE FUNDS OF THE CHARITY
Restricted income funds
11
Unrestricted income funds
TOTAL CHARITY FUNDS
12		 2024
90
30,887
34,685
144,213
209,785
-5,027
204,758
204,848
-12,166
£192,682
192,614
68
£192,682		 2023
119
33,720
588
209,073
243,381
-5,261
238,120
238,239
-13,882
£224,357
223,830
527
£224,357

The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed on behalf of

the Council of Management

Reinier Sillem Director

Approved by the Council of Management: Dated 15 May 2025

Page 5

SUBUD PUBLICATIONS INTERNATIONAL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. PRINCIPAL ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's accounts:

1.1 Accounting conventions

The accounts have been prepared in accordance with:

(a) Accounting and Reporting by Charities: the Statement of Recommended Practice

and the Financial Reporting Standard for Smaller Entities.

1.2 Turnover

Turnover represents the total amount receivable by the company in the ordinary course of business for goods supplied and services provided excluding value added tax.

1.3 Depreciation of tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office equipment: 25% of reducing balance

1.4 Stocks

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

2. INCOMING RESOURCES

INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Donations
Investment income
Interest
Incoming resources from charitable activities
Turnover
Sundry
Guerrand-Hermes Foundation for Peace grant
World Subud Association grant
Total Incoming Resources		 Unrestricted
Funds
0
21
10,413
201
0
0
10,614
10,635		 Restricted
Funds
10
2,044
0
0
18,000
16,048
34,048
36,102		 Total Funds
Total Funds
2024
2023
10
178
2,065
2,278
10,413
5,523
201
0
18,000
20,000
16,048
23,262
44,662
48,785
46,737
51,241
48,785
51,241

Turnover represents the sales of Bapak's Talks Volumes and other Subud titles throughout the world.

Page 6

SUBUD PUBLICATIONS INTERNATIONAL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. RESOURCES EXPENDED - CHARITABLE ACTIVITIES

Unrestricted
Sale of
titles
Activities undertaken directly
Cost of sales
Opening stock
33,720
Purchases
3,447
Postage and packing
3,753
Less closing stock
-30,887
Total cost of sales
10,033
Translations and editing
0
Rent and rates
250
Salaries
400
Insurance
50
Office supplies and postage
6
Advertising and PR
20
Travelling
151
Telephone
52
Bank charges
18
Web expenses
23
Sundry expenses
42
Depreciation on equipment
3
£11,048
4.
RESOURCES EXPENDED - GOVERNANCE COSTS
Professional fees
0
Accountancy fees
46
£46
5.
EMPLOYEE INFORMATION
Salary
National Insurance
Number of employees		 Restricted
Bapak's Talks
Project
0
0
0
0
0
20,968
6,003
33,583
1,198
133
484
598
1,258
425
545
1,003
26
£66,224
0
1,094
£1,094		 Total Funds
2024
33,720
3,447
3,753
-30,887
10,033
20,968
6,253
33,983
1,248
139
504
749
1,310
443
568
1,045
29
£77,272
0
1,140
£1,140
2024
33,983
0
£33,983
1		 Total Funds
2023
32,847
3,614
2,235
-33,720
4,976
10,839
5,846
32,488
1,224
150
0
89
636
271
318
476
40
£57,353
0
1,044
£1,044
2023
32,488
0
£32,488
1

Page 7

SUBUD PUBLICATIONS INTERNATIONAL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. TANGIBLE FIXED ASSETS

Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
7.
STOCKS
Publications, DVDs, Audio CDs
8.
DEBTORS
Trade debtors
Grant debtors
9.
CREDITORS: amounts falling due within one year
Trade creditors
Other creditors
10.
CREDITORS: amounts falling due after more than one year
Bapak's Talks subscription prepayment scheme
Other debtors		 Office equipment
9,506
0
9,506
9,387
29
9,416
£90
£119
2024
2023
£30,887
£33,720
387
338
34,048
0
250
250
£34,685
£588
3,061
2,991
1,966
2,270
£5,027
£5,261
12,166
13,882
£12,166
£13,882		 Office equipment
9,506
0
9,506
9,387
29
9,416
£90
£119
2024
2023
£30,887
£33,720
387
338
34,048
0
250
250
£34,685
£588
3,061
2,991
1,966
2,270
£5,027
£5,261
12,166
13,882
£12,166
£13,882
9,506
9,387
29
9,416
£90
£119
2023
£33,720
338
0
250
£588
2,991
2,270
£5,261
13,882
£13,882

Bapak's Talks subscription prepayment scheme relates to advance sale receipts for the future supply of Bapak's Talks Volumes when they are produced. The supply of the Volumes during the year have been reflected in the sales figure and set off against this account.

Page 8

SUBUD PUBLICATIONS INTERNATIONAL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. RESTRICTED INCOME FUNDS

Bapak's Talks Project Funds
brought
forward
223,830
£223,830		 Incoming
resources
36,102
£36,102		 Outgoing
resources
-67,318
-£67,318		 Transfers
between
funds
0
£0		 Funds
carried
forward
192,614
£192,614

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Bapak's Talks Project
Unrestricted funds		 Tangible
Fixed assets
80
10
£90		 Net
current
assets
204,700
58
£204,758		 Creditors
due after
one year
-12,166
0
-£12,166		 Total
192,614
68
£192,682

Page 9