**Annual Report 1[st] January - 31[st] December 2020** 


I Protect Me, South Africa 

**Company Number: 1903863** 

**Charity Number: 291818** 

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|**Contents**|**Contents**|**Page**|
|---|---|---|
|**1.**|**Directors & Trustees Report**|**2-9**|
|**2.**|**Legal & Administrative Accounts**|**10**|
|**3.**|**Report of the Examiner**|**14**|
|**4.**|**Statement of Financial Activities, Income & Expenditure**|**15**|
|**5.**|**Notes to the Accounts**|**17**|



## **Report of the Directors & Trustees** 

## **Board update** 

2020 was a challenging year for us in Susila Dharma Britain as it was for most of the world, due to the Covid-19 pandemic which caused much upheaval. Apart from our faceto-face meeting in January, we were all thrown into a lockdown situation meaning that all further meetings had to be held online, including our AGM at the virtual Subud Britain congress in September. In spite of these challenges our Board remained steady and we welcomed a new trustee, Emily Faludy to the SDB Board in September. 

During the year many of the projects we have supported faced much disruption to their operations and were forced to adapt their work to be able to function in some way or shape under the restrictions of their respective governments in the pandemic. We were hugely impressed with the ways in which these projects did this with courage and determination amidst very difficult circumstances, and we were pleased to be able to continue our support of them in order to fulfil our mission in Susila Dharma Britain. We've been able to support twelve projects as well as support the international Susila Dharma network (SDIA) with its ongoing network/project support and this year with specific Covid-19 relief work. 

## **Financial Overview** 

During the 2020 calendar year SDB: 

- received incoming resources totalling £156,723 

- approved grants to projects totalling £87,193 

- supported projects abroad to a total of £72,594 

- supported projects here in Britain to a total of £14,599 

- administered grants & Christmas gifts for Subud Britain Almoners hardship cases totalling £16,878 

- Spending on governance totalled £3,227 representing approximately 3% of spend. 

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## **Donations** 

Our annual income comes from three sources: 

- Interest from invested funds 

- Individual donations from Subud members including bequests 

- Group fundraising events 

## **Thanks** 

The Trustees and Directors would like to acknowledge **all our donors** for their support this year in time, money or both, which has made our work possible. We especially thank the **Blond Trust** who continue to generously fund community development projects in DR Congo, one of the poorest nations in the world, where our contributions match other funds from the SDIA network, and efforts are now progressing towards establishing Community Learning Centres for young women. 

We thank **SDIA** for their commitment to the Susila Dharma network of project members and national representative teams, enabling projects and members to meet and discuss needs and aspirations, carry out research and monitoring of projects throughout the pandemic, and set up a regular online visit to projects for all Subud members to join. 

We thank **Subud Britain** for support in providing space for our AGM and in our communications with Subud members through the Subud Journal and emails on our behalf. We thank the Loudwater Subud Centre for allowing us to meet there in January. 

We also thank **Laura West** , a long serving Subud Britain member who left a generous bequest to the Almoners Fund, enabling the hardship cases in Britain to receive a boost in funding than they would normally have had. 

Last but not least we thank **Waugh & Co. Ltd** for their continual service of auditing our accounts. 

## **Support of Projects around the World** 

In 2020 we have continued to support development projects in Africa, Asia and South America, with the emphasis on small scale works in the agricultural, environmental, health, social welfare and educational fields. These projects include: 

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## **I Protect Me (IPM)** 

An educational programme for secondary school children in South Africa, tackling sexual abuse. This year without the opportunity to be working in schools, they adapted their programme to reach out to the wider community, to help vulnerable women. We helped them with getting a new car to carry out their development work as their old car died and left them stranded. Our contribution also helped towards training new project workers in the local communities there. The IPM team have been attracting the interest of the South African Social Welfare and Education Departments which is great, as it's been an uphill struggle to get recognition for this project within the local government. Hopefully this will lead to greater sustainability for the project in years to come. 


I Protect Me, South Africa 

## **DR Congo Health & Community Development** 

Over many years the SD Congo team, with the support of funding from SDB, other SD Nationals and generous funding from the Blond Trust, Buchan Foundation (Canada based trust) and funds raised from the BMZ (German government) through SD Germany, have established several health centres in DR Congo, which is one of the poorest nations in the world. A committed collaborative approach coordinated by the SDIA Executive Office, working closely with a strong SD Congo team on the ground has enabled this to happen. Together the SDIA network has created community health centres and maternity clinics, offering medical treatment for the communities they serve. The new thrust is to develop community learning centres alongside the health centres, where young women and mothers can train in job skills to improve their employment opportunities. 

This year SDB also supported a training programme at the health centres for the use of local medicinal herbs such as artemisia used in the treatment of malaria. The courses were set up through SD Germany using Anamed, a well-established programme in central Africa. 

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Anamed Congo project, planting Artemesia at one of the Health Centres, DR Congo 

## **Yayasan Tambuhak Sinta** (YTS) 

A social enterprise researching & promoting sustainable agriculture and fish-farming/ products in Kalimantan, Indonesia. YTS does important outreach and development work with local communities, supporting local government to assist people with sustainable livelihoods. SDB has supported this project over several years as it continues to demonstrate a well-researched, bottom-up approach, working closely with villages to set up cooperatives to train local people and enable them to grow produce for selling to the surrounding markets. 


YTS community training event, Kalimantan, Indonesia 

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## **Borneo Football International Foundation** (BFIF) 

A dynamic project in Kalimantan, Indonesia using sport as a catalyst for community change.  They offer training for children in football, run programmes through local schools, participate in competitions and reach high standards of physical achievement for the boys and girls attending. Football is such a popular sport that it offers a natural draw to everyone, but what makes this project special is its programmes for girls as well as boys in a male-dominant society, and furthermore the aspirations towards personal development. Each individual is encouraged to live well, be responsible, and show diligence with their schoolwork. The project also offers English language and IT training, and nutritional supplements to help the youngsters where families are often unable to afford healthy meals. This year the pandemic forced them to close the football programme but the team developed an online programme of healthy exercise and fun educational tasks that children could do at home. In addition BFIF were active in distributing masks and nutritional supplements to families and the wider community where local government were slow to act. 


Borneo Football International Foundation, Kalimantan 

## **Bina Cita Utama (BCU) School** 

Several Subud members were moved to support the 2020 appeal from the BCU school in Kalimantan that was struggling as a result of Covid-19. SDB collected contributions on their behalf to send to the school. This project supports children's fees for those not able to pay the full amount. BCU is a long running SD project that has done well to develop to the place that it is in now, but with changing economies it is now facing many challenges ahead, and has had to adapt its teaching methods and business planning. 

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We funded three SD projects in Ecuador this year, which we were very pleased to be able to do. 

**Todo Un Mundo** (TUM) is a community development project that has an alternative education thrust with a leaning towards Peace and Conflict resolution. Our grant helped fund some after school play equipment for children. 

**FUEGOS (Food for Change)** is working with a deprived community in Manabi, which was hit hard by an earthquake three years ago. The project aims to re-engage people with nutritious indigenous food through training and community outreach. We committed funds to support this new project in 2019 but they weren't able to start their project work until 2020. Our grant supports a much larger one from an Italian trust, and other SD Nationals are also supporting this initiative. Due to Covid, the project was not able to conduct its community homestay programme, so we agreed that they should spend our funding on the community gardens to grow vegetables to be used in the cooking school. 


FUEGOS culinary training, Ecuador 

**CADO** supports local farmers in a very remote part of the Andes. Our grant, along with funds from other SD Nationals, supported them to build a radio communications network so they can carry out their work as a joint enterprise to use local products such as ethanol made from the sugar cane they grow. Previously they've managed to gain the interest of successful companies like The Body Shop and Dr Brunners. 

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## **Working with the international network** 

We continued to work closely with our international umbrella organisation Susila Dharma International Association (SDIA). The SDIA team coordinates some of our projects with other SD Nationals, carries out important research and reporting to enable projects to be set up and monitored, and obtains funds from outside trusts. It supports our own charitable work to progress with guidance and compliance within a framework that holds up to scrutiny from outside our organisation. We contributed towards SDIA's core funding costs this year. Without them we would not be able to achieve our aims with international projects. 

## **Support of Projects in Britain** 

We've contributed another year to **Enthum Foundation** , specifically to the programme that supports the therapeutic work with the refugee young people in Eastbourne. Our donation has helped with individual counselling, group therapy and also supports the staff with personal counselling. During this last year our funding has supported the English learning and other extra-curricular activities at the centre. We also agreed to support the centre's directors to carry out research so they can explore the feasibility for setting up a second centre. We've been assisted by our Susila Dharma brothers and sisters in Netherlands and France who are also keen to support this great project here in UK. 


Enthum Centre, UK: English lessons during Covid pandemic 

We committed a third year of support to the **Child Assault Prevention** project in Devon, that works in schools to help encourage safety in children and families against the sensitive and complex issue of sexual abuse. The funds we donated have enabled them to carry out training sessions in schools in the region for parents and teachers, 

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supporting the training sessions they carry out with children. The project raises awareness and support for child abuse prevention, encouraging children to be "safe, strong and free". 

Earlier in the year we sent some money to a project called **Gloucestershire Counselling Services** , a charitable project where one of our National Helpers works as a therapist. Our grant supports the valuable counselling works carried out for people who are experiencing trauma and crises, so we subsidise the fees of those in financial hardship. This was particularly relevant in 2020 as many people were challenged by Covid-19. 

## **Support of Subud Members in Hardship in Britain** 

We continued our support of the Almoners Fund, which disbursed grants to Subud members in difficulty, administered by the group of eight helpers and their secretary Raymond Prescott. 

In 2020 several grants totalling £14,603 were disbursed from the Almoners restricted fund dedicated to helping Subud members experiencing personal hardship. Furthermore a total of £2,350 was disbursed in the form of Christmas gifts to families, couples and individuals in need. All applications for grants and Christmas gifts are made via helpers in local groups. 

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## **Legal & Administrative Accounts** 

SDB was established under Articles of Association incorporated on 10[th] April 1985, amended 27[th] August & 3[rd] September 2005, and 24[th] August 2014. 

## **Trustees** 

Chair Vincent Mount - appointed 2017 (trustee since 2014) Treasurer/Trustee Harry Sweetman - appointed September 2018 Trustee Matthew Shorter - appointed 2016 Trustee Maurice Baker - appointed May 2018 Trustee Adela Kerr - appointed September 2018 Trustee Emily Faludy - appointed September 2020 

Trustees of the charity are also Directors of the Company. 

## **Support Team** 

Book-keeper Harry Sweetman 

## **Registered Office** 

1[st] Floor, 51 High Street, Arundel, West Sussex BN18 9AJ 

## **Registered Charity Number** 

291818 

## **Company Number** 

1903863 

## **Website** 

www.sdbritain.org.uk 

## **Principle Officers** 

Treasurer: Harry Sweetman 

## **Bank** 

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME 19 4JQ 

## **Solicitors** 

Bates Wells & Braithwaite LLP, Scandinavian House, 2-6 Cannon Street, London EC4M 6YH 

## **Accountant** 

Waugh & Co., 1[st] Floor, 51 High Street, Arundel, West Sussex BN18 9AJ 

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## **Bookkeeper** 

Hawthorne Book-keeping, 1 Spring Bank, Mutton Hall Hill, Heathfiled, West Sussex TN21 8NL 

## **Investment Advisors** 

SDB Funds:  CAF Bank Investments Almoners Funds:   Quilter Cheviot Ltd, 1 Kingsway, London WC2B 6AN 

## **Objects** 

The Objects of the Association are to promote any charitable purposes for the benefit of the public anywhere in the world. 

## **Purpose** 

The purpose of SDB is to enable Subud members in Britain to express their humanitarian wishes through their own and other members projects, supporting people in need. Subud members belong to the World Subud Association (WSA), and are united through a direct, personal spiritual experience called the latihan. SDB uses the phrase "guided from within to take action in the world" to steer its aims as a charity. 

## **Organisation** 

The Association is a Company limited by guarantee and registered as a Charity. The governing documents are the Articles of Association that were fully revised in 2014. SDB is the social and humanitarian wing of Subud Britain , which is a voting member of SDIA, which is in turn a voting member of WSA. Voting members of SDB are comprised of the voting members of Subud Britain. They receive and approve the annual report and accounts at the Annual General Meeting and elect the trustees/directors to the Board. SDB is a grant-making association. 

As a member of SDIA it receives applications for funding from SDIA project partners around the world. It funds these partners rather than managing projects directly. It also funds some projects within the UK that are not members of SDIA. These project partners have a connection in some way to the Subud Association; typically one or more members will be involved in some way with the management of the organisation. 

## **Management** 

In 2020, the Board comprised 6 trustees, all Subud members. They carry out the executive and governance associated with charity and company management with the exception of book-keeping. The Almoners are appointed through Subud Britain to identify and facilitate support to Subud Britain's members who find themselves in hardship. The restricted beneficiary fund focuses on providing short term financial help for those in need. 

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## **Board Changes in 2020** 

Emily Faludy joined the Board as a new Trustee in September. 

## **Governance** 

The Trustees met four times during the year to make grants, review investments, carry out due diligence and perform all management activities of the association. 

## **Policy Development** 

No changes have been made to the SDB policies since 2019. 

## **Granting Policy** 

The trustees are mindful of the UN Sustainable Development Goals when awarding grants in the developing world. All goals are supported through the range of projects funded. Within the UK, projects that address social deprivation & care for vulnerable people receive priority. All applications are considered on their individual merits, though preference is given to those projects that demonstrate a clear strategy to some financial sustainability. Trustees aim to award grants throughout the year at the quarterly Board meetings. Guidelines and forms for applicants are available from the Chair on request. As SDB funds are generally modest, the trustees tend to fund small to medium-sized projects where small grants can have more impact, or in collaboration with other bodies such as SDIA and fellow SD Nationals, where the combined funds can have greater impact still. The majority of the grants made are for one-off projects with an identifiable outcome, although some grants fund salaries and running costs. There are generally more funding needs within the Susila Dharma network than the Charity has funds to support. In recent years we have been fortunate to receive some substantial bequests that have boosted our funds and granting activity, but that income has been largely spent and we are currently transitioning to a lower income & spend pattern. 

## **Reserves Policy** 

The Reserves Policy is reviewed annually in line with guidance issued by the Charity Commission. The trustees aim to keep between 3 and 6 months cover in relation to known liabilities in addition to a smaller provision of free reserves, which is kept for unforeseen liabilities. 

## **Investment Policy & Performance** 

Trustees receive an annual report from their Investment Manager and aim to ensure that long term capital growth is in line with relevant indices. Usually there is a gain made each year but sometimes a loss. Not surprisingly in 2020, due to the global pandemic there was a 5% loss on the capital amount across all investments, equating to £15,818. This is likely to have corrected itself in 2021 as the pandemic situation normalises/eases. 

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## **Risk Assessment** 

The trustees have examined the major strategic, business and operational risks to which the Association may be exposed. The trustees continue to be vigilant and to keep their processes under review. 

## **Public Benefit** 

Trustees are aware of the Charity Commission guidance on Public Benefit and confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard of it. They consider that the full information which follows in this annual report, about the Trust's aims, activities and achievements in the many areas of interest that the Trust supports, demonstrates the benefit to its beneficiaries and through them to the Public, that arise from those activities. 

## **Directors' Responsibilities** 

Company law requires the Directors to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit and loss of the company for that period. In preparing those accounts the directors are required to: 

- Select suitable accounting policies and then apply them consistently 

- Make judgments and estimates that are reasonable and prudent 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue business 

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure the financial statements comply with the Companies Act 1985. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the company and to prevent and detect fraud and other irregularities. 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 Board of Directors/Trustees 


## **Vincent Mount** 

Director 

Approved by the Board of Directors on 15 September 2021 

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## **SUSILA DHARMA BRITAIN** 

## **INDEPENDENT EXAMINER'S REPORT** 

Report to the Trustees of Susila Dharma Britain on the accounts of the charity for the year ended 31 December 2020. 

## **RESPONSIBILITIES AND BASIS OF REPORT** 

As the charity's trustees of the Company (who are also the directors of the company 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 for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in my 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 Directors 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 material matters have come to my attention in connection with the examination which gives me cause to believe that: 

- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or 

- the accounts do not accord with such records; or 

- the accounts did not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 

- the accounts have not been prepared in accordance with the Charities SORP (FRS102). 

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. 


Elwyn Waugh, FCA Waugh & Co Chartered Accountants 

51 High Street, Arundel, West Sussex BN18 9AJ Dated: 15 September 2021 

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## **SUSILA DHARMA BRITAIN** 

## **STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE** 

## **FOR THE YEAR ENDED 31 DECEMBER 2020** 

|Note<br>**INCOME AND ENDOWMENTS**<br>Incoming resources from generated funds<br>Donations and legacies<br>Investment income<br>Total Incoming Resources<br>**EXPENDITURE**<br>Charitable activities<br>3<br>Total Resources Expended<br>Net Incoming (Outgoing) Resources<br>before Transfers<br>Transfer between Funds<br>**NET (EXPENDITURE) INCOME FOR THE YEAR**<br>**OTHER RECOGNISED GAIN**<br>Realised gain on investments<br>Unrealised gain (loss) on investments<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**Total funds carried forward**<br>10|Unrestricted<br>Funds<br>46,697<br>5,287<br>51,984<br>42,396<br>42,396<br>9,588<br>0<br>9,588<br>0<br>0<br>9,588<br>86,064<br>£95,652|Restricted<br>Funds<br>102,457<br>2,282<br>104,739<br>48,024<br>48,024<br>56,715<br>0<br>56,715<br>0<br>-6,500<br>50,215<br>81,341<br>£131,556|Expendable<br>Endowment<br>Funds<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>-9,318<br>-9,318<br>228,156<br>£218,838|Total Funds<br>2020<br>149,154<br>7,569<br>156,723<br>90,420<br>90,420<br>66,303<br>0<br>66,303<br>0<br>-15,818<br>50,485<br>395,561<br>£446,046|Total Funds<br>2019<br>53,865<br>8,531|
|---|---|---|---|---|---|
||||||62,396|
||||||68,544|
||||||68,544|
||||||-6,148<br>0|
||||||-6,148<br>0<br>32,950|
||||||26,802<br>368,759|
||||||£395,561|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities 

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## **SUSILA DHARMA BRITAIN** 

## **BALANCE SHEET AS AT 31 DECEMBER 2020** 

|Note<br>**FIXED ASSETS**<br>Investments<br>5<br>**CURRENT ASSETS**<br>Debtors<br>6<br>Cash at bank<br>**CREDITORS: amounts falling due**<br>**within one year**<br>7<br>**NET CURRENT ASSETS**<br>**NET ASSETS**<br>**THE FUNDS OF THE CHARITY**<br>**TOTAL CHARITY FUNDS**<br>10|Unrestricted<br>Funds<br>0<br>0<br>6,064<br>90,523<br>96,587<br>-935<br>95,652<br>£95,652<br>£95,652|Restricted<br>Funds<br>57,235<br>57,235<br>1,324<br>73,813<br>75,137<br>-816<br>74,321<br>£131,556<br>£131,556|Expendable<br>Endowment<br>Funds<br>218,838<br>218,838<br>0<br>0<br>0<br>0<br>0<br>£218,838<br>£218,838|Total<br>2020<br>276,073<br>276,073<br>7,388<br>164,336<br>171,724<br>-1,751<br>169,973<br>£446,046<br>£446,046|Total<br>2019<br>291,891|
|---|---|---|---|---|---|
||||||291,891<br>13,133<br>93,482|
||||||106,615<br>-2,945|
||||||103,670|
||||||£395,561|
||||||£395,561|



Signed on behalf of the Board of Directors 


Vincent Mount Director Approved by the Directors: 15 September 2021 

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**SUSILA DHARMA BRITAIN** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

## 1. **GENERAL INFORMATION** 

The charity is a private company limited by guarantee, registered in England & Wales and a registered charity in 

England & Wales. 

The address of the registered office is: 

51 High Street, Arundel, West Sussex, BN18 9AJ 

## 2. **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 (FRS102) (Charities SORP (FRS102)) 

(b) The Charities Act 2011 

(c) the historic cost basis of accounting, 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 of the 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 of income: 

- 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 

of a specific performance of the 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 incurred 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 of an 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. 

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## **SUSILA DHARMA BRITAIN** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

## 2. **ACCOUNTING POLICIES (continued)** 

## **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 

'Cash flow statements'. 

## **Tax recoverable** 

Tax recoverable relating to Gift Aid income is taken into account in the year in which the donation 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 or a 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 of the 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 of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. 

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## **SUSILA DHARMA BRITAIN** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

## 3. **RESOURCES EXPENDED - CHARITABLE ACTIVITIES** 

|**RESOURCES EXPENDED - CHARITABLE**|**ACTIVITIES**|||||
|---|---|---|---|---|---|
|Activities undertaken directly<br>Almoners<br>Anamed DRC<br>Anisha<br>Borneo Int Football Assn<br>BCU School Rangan Sari<br>CADO<br>CAP UK<br>Enthum Foundation<br>FUEGOS<br>GCS<br>Granary Arts<br>ICDP<br>I Protect Me<br>Paula Hallett Trust<br>Roda Viva<br>SDIA DRC Projects<br>SDIA COVID<br>SDIA<br>TUM Ludoteka<br>Wisma Mulia<br>WSA Care Sopport<br>Yayasan Tambuhak Sinta<br>Yayasan Usaha Mulia<br>You Are Not Alone<br>Other costs<br>Total charitable activities|Unrestricted<br>Funds<br>0<br>1,514<br>0<br>2,852<br>0<br>4,545<br>4,000<br>4,244<br>0<br>2,500<br>0<br>1,935<br>3,484<br>0<br>0<br>0<br>406<br>5,784<br>3,890<br>0<br>0<br>4,031<br>0<br>0|Restricted<br>Funds<br>16,878<br>0<br>0<br>0<br>5,100<br>0<br>0<br>356<br>0<br>0<br>0<br>0<br>15<br>0<br>0<br>25,183<br>31<br>445<br>0<br>0<br>0<br>0<br>0<br>0|Expendable<br>Endowment<br>Funds<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0|Total Funds<br>2020<br>16,878<br>1,514<br>0<br>2,852<br>5,100<br>4,545<br>4,000<br>4,600<br>0<br>2,500<br>0<br>1,935<br>3,499<br>0<br>0<br>25,183<br>437<br>6,229<br>3,890<br>0<br>0<br>4,031<br>0<br>0|Total Funds<br>2019<br>3,803<br>0<br>2,114<br>0<br>610<br>0<br>4,000<br>2,400<br>6,255<br>0<br>3,000<br>0<br>4,900<br>830<br>2,500<br>15,000<br>0<br>6,185<br>0<br>358<br>1,550<br>3,895<br>4,168<br>400|
||£39,185<br>£3,211<br>£42,396|£48,008<br>£16<br>£48,024|£0<br>£0<br>£0|£87,193<br>3,227<br>£90,420|£61,968|
||||||£6,576|
||||||£68,544|



Key: 

ICDP - International Child Development Programme CADO - Consorcio Agro-artesanal Dulce Orgánico GCS - Gloucestershire Counselling Services 

SDIA - Susila Dharma International CAP UK - Child Assault Prevention UK 

19 



## **SUSILA DHARMA BRITAIN** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

## 4. **RESOURCES EXPENDED - OTHER COSTS** 

|Printing, post and stationery<br>Advertising and marketing<br>Meetings, travel and expenses<br>Administration expenses<br>IT Software and Consumables<br>Bank charges<br>Accountancy<br>Bookkeeping<br>Insurance<br>5.<br>**INVESTMENTS**<br>Market Value at 1 January 2020<br>Additions<br>Disposals<br>Net realised investment gain<br>Net unrealised investment loss<br>Market Value at 31 December 2020<br>Historical cost at 31 December 2020|Unrestricted<br>Funds<br>0<br>0<br>429<br>67<br>509<br>120<br>906<br>800<br>380<br>£3,211|Restricted<br>Funds<br>0<br>0<br>0<br>16<br>0<br>0<br>0<br>0<br>0<br>£16|Expendable<br>Endowment<br>Funds<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>£0<br>Listed<br>291,891<br>0<br>0<br>0<br>-15,818<br>£276,073<br>£171,663|Total Funds<br>2020<br>0<br>0<br>429<br>83<br>509<br>120<br>906<br>800<br>380<br>£3,227<br>Unlisted<br>0<br>0<br>0<br>0<br>0<br>£0<br>£0|Total Funds<br>2019<br>89<br>666<br>4,069<br>26<br>334<br>120<br>894<br>0<br>378|
|---|---|---|---|---|---|
||||||£6,576|
||||||Total<br>291,891<br>0<br>0<br>0<br>-15,818|
||||||£276,073|
||||||£171,663|



Quilter Cheviot Limited manage investments in the City of London Investment Trust fund and Blackrock Fund 

## Managers Ltd 

Charities Aid Foundation manage two charity common investments funds, CAF UK Equity B Inc 

and CAF Fixed Interest B Inc 

|Analysis of investment by type and by Fund:<br>City of London Investment Trust<br>BlackRock Fund Managers<br>Cash balance<br>CAF UK Equity B Inc<br>CAF Fixed Interest B Inc<br>Market Value at 31 December 2020|Unrestricted<br>Funds<br>0<br>0<br>0<br>0<br>0<br>£0|Expendable<br>Endowment<br>Funds<br>0<br>0<br>0<br>160,675<br>58,163<br>£218,838|Restricted<br>Funds<br>22,601<br>34,467<br>167<br>0<br>0<br>£57,235|Total<br>22,601<br>34,467<br>167<br>160,675<br>58,163|
|---|---|---|---|---|
|||||£276,073|



The Charity’s investment policy is to maximise income, whilst protecting the capital value of any investments. 

20 



## **SUSILA DHARMA BRITAIN** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

|6.<br>**DEBTORS**<br>Sundry<br>7.<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Accruals|2020<br>7,388<br>£7,388<br>845<br>906<br>£1,751|2019<br>13,133|
|---|---|---|
|||£13,133|
|||1,162<br>1,783|
|||£2,945|



8. **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|Tangible assets<br>Investments<br>Net current assets|Unrestricted<br>funds<br>0<br>0<br>95,652<br>£95,652|Expendable<br>Endowment<br>Funds<br>0<br>218,838<br>0<br>£218,838|Restricted<br>funds<br>0<br>57,235<br>74,321<br>£131,556|Total<br>funds<br>0<br>276,073<br>169,973|
|---|---|---|---|---|
|||||£446,046|



## 9. **LIMITED BY GUARANTEE** 

Susila Dharma Britain is a company limited by guarantee and accordingly does not have any share capital. 

Every member of the company undertakes to contribute such amount as may be required not exceeding £1, to the 

assets of the charitable company in the event of it being would up while he or she is a member, or within one year after he or she ceased to be a member. 

21 



## **SUSILA DHARMA BRITAIN** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

|**10. FUNDS**<br>**Unrestricted funds:**<br>General fund<br>**Expendable endowment funds**<br>**Restricted funds:**<br>Almoners<br>Anisha<br>Bina Cita Utama School<br>Disaster Appeals<br>Enthum Foundation<br>I Protect Me<br>SDIA<br>SDIA Covid<br>SDIA DRC CLG<br>SDIA DRC Medical<br>Yayasan Usaha Mulia<br>Total funds|Fund<br>Balances<br>b/f<br>86,064<br>86,064<br>228,156|Incoming<br>resources<br>51,984<br>51,984<br>0|Outgoing<br>resources<br>-42,396<br>-42,396<br>0|Transfer<br>between<br>funds<br>0<br>0<br>0|Realised &<br>unrealised<br>gain<br>0<br>-9,318|Fund<br>Balances<br>c/f<br>95,652|
|---|---|---|---|---|---|---|
|||||||95,652|
|||||||218,838|
||81,083<br>0<br>0<br>258<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>81,341<br>£395,561|73,284<br>50<br>5,100<br>356<br>15<br>445<br>31<br>25,063<br>120<br>275<br>104,739<br>£156,723|-16,894<br>-5,100<br>-356<br>-15<br>-445<br>-31<br>-25,063<br>-120<br>-48,024<br>-£90,420|0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>£0|-6,500<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>0<br>-6,500<br>-£15,818|130,973<br>50<br>0<br>258<br>0<br>0<br>0<br>0<br>0<br>0<br>275|
|||||||131,556|
|||||||£446,046|



Key: 

ICDP - International Child Development Programme SDIA - Susila Dharma International Association DRC - Democratic Republic of Congo 

22