SPIRITUAL ASSEMBLY OF THE BAHA'IS OF BRISTOL orts of the Directors and the Trustees for the ear ended 31 March 2024 The trustees are pleased to present their report logether with the financial statement of the charity for the year ending 31 March 2024 Reference and administrative details Company Registration No: Charity Registration No: 00747298 1064261 Company Registered Address 27 Rutland Gate London SW7 IPD Bankers: BARCLAYS Business Direct Support Central Octagon House Gadbrook Park Northwich Cheshire CW9 7RB *ADF7371V* 0411112024 COMPANIES HOUSE #199 iritual Assembl of the Baha'is of Bristol orts of the Directors and the Trustees for the ear ended 31 March 2024 Governin documents The Spiritual Assembly of Ihe Baha'is of Bristol is a company limited by guarantee govemed by its Memorandum and Articles of Association. It is also a charity registered with the Charity Commission for England and Wales. ointment of trustees The trustees consist of nine persons chosen from among the Baha'is of 8ristol who have attained the age of 21 and who are elected by such Baha'is who are resident of Bristol in a manner provided by the Articles of Association, and who shall remain members (trustees) and continue in office for a period of one year, or until their successors a￿ elected and on failure to be re-elected to the Spiritual Assembly shall cease to be member. Risk Statement The directors (trustees) have examined the major operational risks which charitable companies fa￿ and confirm that the system has been established so that the ne￿SSary steps can be taken to reduce these risks. Ob ective and Activities The objects of the charity are.. Sharing the ideals and assisting the efforts of Baha'is to establish, uphold and promote the spiritual, educational and humanitarian teaching of human brotherhood, radiant faith, exalted character and selfless love revealed in the lives and utterances of all the Prophets and Messengers of God, Founders of the wodd's revealed religions, and given renewed creative energy and universal application to Ihe conditions of this age in the life and utterances of Baha'u'llah. To administer the affairs of the members of the Baha'i Faith in Bristol according to the principles of the Baha'i affiliation and administration created and established by Baha'u'llah. The charrty is dependent upon voluntary help. The entire work of the charity in Bristol is carried out by volunteers. It is not possible to either estimate the hours or put a valuation on the time given to the work by the volunteers. Public Benefits The trustees are satisfied that the charity is for public benefft. Its primary objective is the advancement of religion and rts activities such as its study circles, devotional meetings. children's classes and junior youth aclivrties which are open to all. Achievement and erformance The particular focus of Bristol Baha'i comrnunity's work at this stage of its development is on four Core Activities.. sludy circles, devotional gatherings, classes for the spiritual education of children, and junior youth. All these activrties are open to the wider community. In addition, the Baha'i community pursues a range of activities, designed to promote processes towards world peace. Financial Review Incoming resources in the year ended 31 March 2024 totalled £32,375 (2023: £12,566). Resources expended in the same period totalled £3,819 (2023: £12,749). On 31 March 2024, the charity had tolal funds of £324,386 of which £319,767 was restricted and £4,619 was unrestricted. iritual Assembl of the Baha'is of Bristol Income and Ex enditure For the ear ended 31 March 2024 2024 2023 Incomin Resources Donations re￿iVed Net proceeds from sale of Baha'i Centre Bank Interest 5,850 24,630 1,895 12,451 115 Total Incoming ReSoUr￿S 32,375 12,566 Out oin Resources NSA ofthe Baha'is ofthe UK Insurance Council Tax Gas, Electricty & Water Community Events Deputisations fund Postage, Stationery, and Admin 660 7.720 495 614 1,677 1,731 707. 632 1 ,423 224 173 512 Total Outgoing Resources 3,819 12,749 Net movement in funds 28,556 {183) Balance brought fO￿ard 295,830 296,013 Total funds carried forward 324,386 295,830 iritual Assembl of the Baha'is of Bristol rts of Ihe Directors and Ihe Trustees for the ear ended 31 March 2024 continued Reserve olic 11 is Ihe policy of Ihe charity to maintain its funds at such a level as lo enable the charity to luifil ils commilnienls Directors. res onsibililies in res ect of the accounts Company law requires Ihe direclors to prepare financial stalements fof each financia year wl)ich give a Irue and fair view of Ihe stale of affairs of Ihe company s financial activities during the year and ol ils financial posilion al Ihe end of Ihe year. in accordance with the requirenienls of section 386 01 The Companies Act 2006. In preparing those financial slalemenls. Ihe direciors are required lo.. a) select suilable accounling policies and Ihen apply them consislenlly. b) make judgmenls and esiimales Ihal are reasonable and prudent. c) follow applicable accounting standard, subject to any malerial deparlures being disclosed and explained in Ihe financial slalement. d) prepare the financial slaiements on the going concern basi5 unless il is inappropriale lo presume that Ihe company will conlinue in operation. e) safeguard Ihe assels of the company and hence take feasonable steps for the prevention and deieclion of fraud and other irregularities. The direclors have confirmed that no notice has been deposited under Section 476 of Ihe companies Aci 2006. In preparing Ihis report. the direclors have laken advantage of the audit exemption conferred by Seclion 477 {2) of Companies Act 2006 and in.lhe opinion of Ihe direclors; the company is eniitled Io ihose exemptions on Ihe basis that it qualified as a small company. Name.. Signal KJftfs7tr 3EU e-6 By order of Ihe Board iritual Assembl of the Baha'is of Bristol Balance Sheet - for the ear ended 31 March 2024 2024 2023 Fixed Assets 8uildin9 (Baha'i Cenlre) Burial Plots 240.000 430 430 Total Fixed Asse 430 240,430 Current Assets Cash ai Bank (Current Account) Eamiafked Fund (Barclays) Books (Slock) 3,749 319.767 440 1.718 53.242 440 Tolal Current Assels 323,956 55,400 Liabilities Total Net Assets 324,386 295.830 Re resented b charit funds Procced of sale of Baha'i Cenlre Other reserve accounts Accumulaied Surplus brought lo￿ard Surplus (Deficit) for the year 264,630 55,137 2,588 2,031 240.000 53,242 2.771 (183) Tolal charity funds 324.386 295.830 Staiement of Directors FOT Ihe year ending 31st March 2024 Ihe Company was enlitied 10 exemption from audit under seclion 477(2) of company Act 2006. The members have noi required the company lo obtain an audit in accordance with seclion 476 of Ihe company Aci 2006, The Direciors acknowledge their responsibilily for- Ensuring Ihe cornpany keeps accounting records which comply wilh section 386., and Preparing accounls which give a true and lair view of Ihe slale of affairs of the company as at the end ol Ihe financial year. and of ils profil or loss for Ihe financial year, in accordance wilh the requiremenls of Section 393, and which otherwise comply with the requirements of ompanies Acl relaling to accounts, so far as is applicable lo Ihe company. These accounts have been prepared in accordance with the provision applicable to companies subjecl to small companies, regime. These accounls have been prepared in accordance with the provisions applicable lo cornpanies subjecl lo small companies, regime. Name: Signature: Approved by the Board of Iheir rneeting dated...O.I iritual Assembl of the Baha'is of Bristol Notes to the accounts for the ear ended 31 March 2024 Com an Status The charity is a company limiled by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member. If the winding up occurs within one year of member ceasing to be a member, then the above applies to debt and liabilities of the company contracted before he or she ceased to be a member. Accountin Policies Accountin convention The accounts are prepared under the historical cost convention on a going concern and include the results of the charity's operation as indicaled in the financial report, all of which are continuing. Basis of accountin The accounts have been prepared in accordance with Ihe applicable accounting standards, the Statement of Recommended Practice-"Accounting and Reporting by Charities" (SORP 2005) and complies with Companies Act 2006. The rinci al source of income In accordance with the teaching of the Baha'i Faith, only Baha'is may contribute to the Baha'i Fund. Thus, the primary source of income is from the Baha'i community of Bristol. The Assembly received in 2014 a legacy from late Mr Masood Yazdani Estate an amount of £53,000 which £50,000 earmarked for renovation and refurbishment of Bristol Baha'i Centre and £3,000 for upkeep of Baha'i's graves in locality of Bristol. Incomin Resources All incoming sources accounted for when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Out oin resources Expenditure is accounted for on an accrual basis and is allocated to the appropriate heading in the financial statement. Where applicable, resources expended include VAT which cannot be recovered. Cash flow statement The company has taken advantage of the exemption conferred by the Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds thal it qualifies as a small company.