2023-12-31-accounts

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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 2023.

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.

Stuart Carrington FCA, Independent examiner For and on behalf of Westcotts (SW) LLP Timberly South Street Axminster Devon EX13 5AD

Dated: 24 July 2024

SUSILA DHARMA BRITAIN

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2023

Note INCOME AND ENDOWMENTS Incoming resources from generated funds Donations and legacies Investment income Total Incoming Resources EXPENDITURE Charitable activities 3 Total Resources Expended Net Incoming (Outgoing) Resources before Transfers Transfer between Funds NET (EXPENDITURE) INCOME FOR THE YEAR OTHER RECOGNISED GAIN Unrealised gain (loss) on investments NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward Total funds carried forward 10	Unrestricted Funds 118,919 12,609 131,528 52,740 52,740 78,788 211,961 290,749 - 290,749 196,868 487,615	Restricted Funds 19,497 2,558 22,055 43,345 43,345 -21,290 - -21,290 1,722 -19,568 112,562 92,994	Expendable Endowment Funds - - - - - - -211,961 -211,961 -6,566 -218,527 218,527 -	Total Funds 2023 138,416 15,167 153,583 96,085 96,085 57,498 - 57,498 -4,844 52,654 527,956 580,609	Total Funds 2022 126,156 9,786 135,942 217,907 217,907 -81,965 - -81,965 -19,559 -101,524 629,480 527,956

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

SUSILA DHARMA BRITAIN

BALANCE SHEET AS AT 31 DECEMBER 2023

Note FIXED ASSETS Investments 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS: amounts falling due within one year 7 NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY TOTAL CHARITY FUNDS 10	Unrestricted Funds - - 2,003 487,312 489,315 1,700 487,615 487,615 487,615	Restricted Funds 62,390 62,390 - 30,604 30,604 - 30,604 92,994 92,994	Expendable Endowment Funds - - - - - - - - -	Total 2023 62,390 62,390 2,003 517,916 519,919 1,700 518,219 580,609 580,609	Total 2022 279,195 279,195 3,828 243,333 247,161 1,600 248,761 527,956 527,956

For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

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

Signed on behalf of

the Board of Trustees

Matthew Shorter Trustee Approved by the Trustees

19 July 2024

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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'.

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES (continued) 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.

Wages

There were no employees in the year, and no employees who received benefits of more than £60,000 during the year (2022: none).

Trustees' remuneration and expenses

No trustee received any remuneration during the year. Expenses of £660 incurred for travel were paid for travel (2022: £3,575).

Independent examiners fee

Remuneration was agreed at £500 plus VAT (2022: £450 plus VAT).

Related party transactions

There were no related party transactions during the year (2022: none).

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. RESOURCES EXPENDED - CHARITABLE ACTIVITIES

Activities undertaken directly Almoners Blue Spirit Borneo Int Football Foundation Dancewise DRC: Anamed DRC: CLC DRC: Mother Child Health Unit Enthum Foundation Flora Cultura FUEGOS Hijas de Paz Project Human Force I Protect Me Mis Corazones Roda Viva SDIA Ukraine SDIA appeal Yayasan TS YUM Support costs Total charitable activities	Unrestricted Funds - - 11,515 3,000 - - - - 4,777 3,985 - 945 2,368 - 6,016 481 - 8,081 3,905 - 45,073 7,667 52,740	Restricted Funds 17,800 - - - - - - - - - - - - - 1,775 23,735 - - 35 43,345 - 43,345	Expendable Endowment Funds - - - - - - - - - - - - - - - - - - - - - -	Total Funds 2023 17,800 - 11,515 3,000 - - - - 4,777 3,985 - 945 2,368 - 7,791 24,216 - 8,081 3,940 88,418 7,667 96,085	Total Funds 2022 19,442 3,000 27,230 - 1,255 26,305 17,536 4,800 1,930 7,147 754 12,164 7,264 5,000 - 26,632 27,304 4,140 14,500 206,403 11,504 217,907

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

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. RESOURCES EXPENDED - SUPPORT AND GOVERNANCE COSTS

Accountancy Administration expenses Bank charges Bookkeeping Insurance IT Software and Consumables Meetings, travel and expenses Printing, post and stationery Professional fees 5. INVESTMENTS Market Value at 1 January 2023 Additions Disposals Net realised investment gain/(loss) Market Value at 31 December 2023 Historical cost at 31 December 2023	Unrestricted Funds 560 18 120 3,870 602 714 643 - 1,140 7,667	Restricted Funds - - - - - - - - - -	Expendable Endowment Funds - - - - - - - - - - Listed 279,196 - -211,961 -4,845 62,390 18,153	Total Funds 2023 560 18 120 3,870 602 714 643 - 1,140 7,667 Unlisted - - - - - -	Total Funds 2022 966 - 308 4,594 540 978 3,532 42 544 11,504 Total 279,196 - -211,961 -4,845 62,390 18,153

Quilter Cheviot Limited manage investments in the City of London Investment Trust fund and Blackrock Fund Managers Ltd. The historical cost for this investment is £18,153 per the Valuation page of their annual report. The CAF IFSL fund closed in the year and repaid to the current account; to Unrestricted Funds.

Analysis of investment by type and by Fund: BlackRock Fund Managers City of London Investment Trust Market Value at 31 December 2023	Unrestricted Funds - - -	Expendable Endowment Funds - - -	Restricted Funds 37,410 24,980 62,390	Total 37,410 24,980 62,390

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

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS Gift Aid 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS Expendable Unrestricted Endowment funds Funds Investments - - Net current assets 487,615 - 487,615 -	2023 2,003 2,003 1,700 1,700 Restricted funds 62,390 30,604 92,994	2022 3,828 3,828 1,600 1,600 Total funds 62,390 518,219 580,609

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.

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. FUNDS Unrestricted funds: General fund Expendable endowment fund Restricted funds: Almoners BCU School Rangan Sari DRC: CLC Roda Viva SDIA YUM Total funds	Fund Balances b/f 196,867 218,527 100,124 120 3,695 8,623 - 112,562 527,956	Incoming resources 131,528 - 5,073 60 1,774 15,112 35 22,054 153,582	Outgoing resources -52,741 - -17,800 -1,774 -23,735 -35 -43,344 -96,085	Transfer between funds 211,961 -211,961 - -	Realised & unrealised gain -6,566 1,722 - - - - 1,722 -4,844	Fund Balances c/f 487,615 - 89,119 180 3,695 - - 92,994 580,609

Key:
Almoners	-	a fund to make hardship grants to members.
BCU School Rangan Sari	-	a school in Indonesia.
DRC CLC - Democratic Republic of Congo		- a Community Learning Centre in DRC.
Roda Viva	-	a school in Portugal
SDIA - Susila Dharma International Association - the worldwide assocation of SD organisations
YUM - Yayasan Usaha Mulia	-	A charity that aims to to improve the quality of life in Indonesia

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SUSILA DHARMA BRITAIN

INDEPENDENT EXAMINER'S REPORT

RESPONSIBILITIES AND BASIS OF REPORT

INDEPENDENT EXAMINER'S STATEMENT

SUSILA DHARMA BRITAIN

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2023

SUSILA DHARMA BRITAIN

BALANCE SHEET AS AT 31 DECEMBER 2023

Directors' responsibilities:

Signed on behalf of

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. GENERAL INFORMATION

2. ACCOUNTING POLICIES

Fund accounting

Incoming resources

Cash flow

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES (continued) Tax recoverable

Going concern

Judgements and key sources of estimation uncertainty

Financial instruments

Wages

Trustees' remuneration and expenses

Independent examiners fee

Related party transactions

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. RESOURCES EXPENDED - CHARITABLE ACTIVITIES

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. RESOURCES EXPENDED - SUPPORT AND GOVERNANCE COSTS

SUSILA DHARMA BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. LIMITED BY GUARANTEE

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