SPIRITUAL ASSEMBLY OF THE BAHA'IS OF MANCHESTER Re orts of the Directors and the Trustees for the ear ended 31 March 2024 The trustees are pleased to present their report together with the financial statement of the charity for the year ending 31 March 2024 Reference and administrative details Company Reoistration No: Charity RLgistration No: 00543024 1064903 Company Registered Address 27 Rutland Gate London SW7 IPD Bankers: Barclays Bank 876 Stockport Road Levenshulme Manchester M19 3BP
iritual Assembl of the Baha'is of Manchester orts of the Directors and the Trustees for the ear ended 31 March 2024 Re Govemin documen The Spiritual Assembly of the Baha'ls of Manchester is a company limited by guarantee govemed by rts Memorandum and Articles of Associatlon. It is also a charty registered with the Charity Commission for England and Wales. ointsnent of trustees The trustees consist of nine persons chosen from among the Baha'is of Manchester who have attained the age of 21 and who are elected by such Baha'is who are resident of Manchester 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 are 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 necessary steps can be taken to reduce these risks. Ob ective and Activities The objectNes 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 seffless love revealed in the lives and utterances of all the Prophets and Messengers of God, Founders of the world's revealed religions, and gNen renewed creative energy and universal application to the conditions of this age in the lrfe and utteranS of Baha'u'llah. To administer the affairs of the members of the Baha'i Faith in Manchester according to the principles of the Baha'i affiliation and administration created and established by Baha'u'llah. The charity is dependent upon voluntary help. The entire work of the charity in Manchester is conducted 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 benefit. Its primary objective is the advancement of religion and its activities such as its study circles, devotional meetings, children's classes, and junior youth activities which are open to all. Achievement and erformance The particular focus of Manchester Baha'i community's work at this stage of its development is on four Core Activities: study circles, devotional gatherings, classes for the spiritual education of children, and junior youth. All these activities are open to the wider community. In addition, the Baha'i communrty pursue a range of activities, designed to promote processes towards world peace. Financial Review Incoming resources in the year ended 31 March 2024 totalled £28,511 (2023: £12,294). Resources expended in the same period totalled £24,709 (2023: £12,258). On 31 March 2024, the charity had total funds of £165,277 of which £139,595 restricted and £25,682 unrestricted.
iritual Assembl of the Baha'is of Manchester Re orts of the Directors and the Trustees for the ear ended 31 March 2024 continued Reserve olic It is the policy of the charity to maintain its funds at such a level as to enable the charity to fulfil its commitments. Director's res onsibilities in res ect of the accounts Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company's financial activities during the year and of its financial position at the end of the year, in accordan with the requirements of section 386 of The Companies Act 2006. In preparing those financial statements, the directors are required to: a) select suitable accounting policies and then apply them consistently. b) make judgments and estimates that are reasonable and prudent. c) follow applicable accounting standard, subject to any material departures being disclosed and explained in the financial statement. d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. e) safeguard the assets of the company and hen take reasonable steps for the prevention and detection of fraud and other irregularities. The directors have confirmed that no noti has been deposited under Section 476 of the companies Act 2006. In preparing this report, the directors have taken advantage of the audit exemption conferred by Section 477 (2) of Companies Act 2006 and in the opinion of the directors; the company is entitled to those exemptions on the basis that it qualified as a small company. Name:... Signature: By order of the Board
S iritual Assembl of the Baha'is of Manchester Balance Sheet For the ear ended 31st March 2024 2024 2023 Current AssLts Fund for thc Baha'i Ccntrc CLsh at B&2nk (Curreiit Accowil) Total AssLts 160,000 5,277 160,000 1,475 165,277. 161,475 Liabilities Assets less Liabilities 165,277 161,475 REPRESEKFED BY Restricted reserve Accumulated Surplus brought forward Current Y&ir (Deficit) Surplus 139,595 21,880 3,802 139,595 21,844 36 165,277 161,475 Unrestricted fvnds: £25,682 Restricted funds: £139,595 Statement of Directors For the year ending 31 st March 2024 the Company was entitled to exemption from audit under section 477(2) of company Act 2006. The members have not required the company to obtain an audit in accordan with section 476 of the company Act 2006. The Directors acknowledge their responsibility for: Ensuring the company keeps accounting records which comply with section 386; and Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of Companies Act relating to accounts, so far as is applicable to the company. The accounts have been prepared in accordance with the provisions applicable to companies subject to small companies, regime. Name: Signature: 1) 2) Approved by the Board of their meeting dated...................
iritual Assembl of the Baha'is of Manchester Income and Ex For the enditure ear ended 31 March 2024 2024 2023 Incomin Resources Donations rcceivcd Grant (External Funding) 15,735 12,776 7,102 28,511 7,102 RESOLIRCIS EXPENI)LD Contribution to NSA of the Balia'is of (lic UK Comniunits, Ei'cnts ciiid VLnuc Iiirc PostaoL. priiiliii£, and adiniii Book ]d perio(iical 408 24,133 300 11,785 173 47 Total Resources Expendcd 24,709 12,218 et moi:ement in funds 3,802 36 Total funds brought forward Total funds carried forward 161,475 161,439 165.277 161,475
iritual Assembl of the Baha'is of Manchester Notes to the acc for he ear ed 31 March 202 Com an Status The charity is a company limited 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 indicated in the financial report, all of which are continuing. Basis of accountin The accounts have been prepared in accordance with the 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 Manchester. Incomin Resources All incoming SoUrS 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 that it qualifies as a small company.
iritual Assembl of the Baha'is of Manchester Inde endent examiners re ort for the ear ended 31 March 2024 I report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 4 to 6. Res ective res onsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied me that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: Examine the accounts under section 145 of the 2011 Act; To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. and to state whether particular matters have come to my attention. The basis of inde endent examinerfs re ort My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees Conrning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently,opinion is given as to whether the accounts present a. true and fair view" and the report limited to those matters set out in the statement below. Inde endent Examinerfs Statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: . to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or (2)tow under ich, in my opinion, attention should be drawn in order to enable a proper ing of the accounts to be reached. Ardeshir Laloui FAIA 20, Roe Green Close Hatfield Hertfordshire AL10 9PE