2020-12-31-accounts - National Spiritual Assembly Of The Baha'is Of The United Kingdom

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ASSETS HELD BY	THE A	SSEMBLY AS TRUST	EE ON BEHALF O
Afnan Library Trust,	share	in Bridge House,
Tonbridge			6375,000
Afnan Library Trust	- other	funds	617,111
Bridge House reserve			636,667
Continental Pioneer	Committee		649,639
Various LSA funds			61,024,383
Dr Khosrow Taheri			6114,240
International collaboration		fund	6119,820
Baha'I International	Fund		6943,231
Other funds			614,906

							2020	2019
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	6	6	6	6
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	4,256,537	4,232,504	8,489,041	6,305,547
Charitable activities
Guardian's Resting Place						218,536	218,536	184,833
Schools					380		380	197,923
Plot fees					110,381		110,381
Other trading activities				3	32,969		32,969	53,795
Investment income				4	149,557	518	150,075	170,776
Total					4,549,824	4,451,558	9,001,382	6,912,874
EXPENDITURE ON
Raising funds				6	57,131		57,131	52,423
Charitable activities
International funds					1,138,140	3,807,863	4,946,003	4,330,387
Guardian's Resting Place						64,707	64,707	120,628
Conferences					74		74	57,621
Schools					1,022		1,022	158,916
Regional activities - teaching		and training			489,398		489,398	669,612
Community development					31,372		31,372	61,776
Organisation of community	activities				662,090	43,238	705,328	672,460
External affairs					129,926	1,241	131,167	126,648
Property costs					263,012	196,302	459,314	248,351
Depreciation					142,229	4,977	147,206	101,193
Auditors remuneration					14,534		14,534	15,500
Local Spiritual Assemblies						194,019	194,019	195,837
Deputisation						146,871	146,871
Total					2,928,928	4,459,218	7,388,146	6,811,352
Net gains on investments					639,158		639 158	538,461
NET INCONIE/(EXPENDITURE)					2,260,054	(7,660)	2,252,394	639,983
Transfers between funds				19	~744,7691	144,769
Net movement in funds					2,115,285	137,109	2,252,394	639,983
RECONCILIATION OF FUNDS
Total funds brought forward					8,890,624	2,204,749	11,095,373	10,455,390
TOTAL FUNDS CARRIED	FORWARD				11,005,909	2,341,858	13,347,767	11,095,373

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	6		6	6
FIXEDASSETS
Tangible assets		12	5,042,634	243,867	5,286,501	5,433,707
Investments
Investments		13	3,592,272	1,099,906	4,692,178	2,366,541
Investment property		14	2,129,063	540 937	2,670,000	2,670,000
			10,763,969	1,884,710	12,648,679	10,470,248
CURRENT ASSETS
Stocks		15	73,337		73,337	62,750
Debtors		16	103,753		103,753	385,901
Cash at bank and	in hand		2,913,353	457 148	3,370,501	2,834,616
			3,090,443	457,148	3,547,591	3,283,267
CREDITORS
Amounts falling due within one year		17	(2,473,503)		(2,473,503)	(2,283,142)
NET CURRENT ASSETS			616,940	457,148	1,074,088	1,000,125
TOTAL ASSETS	LESSCURRENT
LIABILITIES			11,380,909	2,341,858	13,722,767	11,470,373
CREDITORS
Amounts falling due after more than one year 18			(375,000)		(375,000)	(375,000)
NET ASSETS			11,005,909	2,341,858	13,347,767	11,095,373
FUNDS		19
Unrestricted funds					11,005,909	8,890,624
Restricted funds					2,341,858	2,204,749
TOTAL FUNDS					13,347,767	11,095,373

			2020	2019
		Notes
Cash flows from	operating	activities
Cash generated from operations 1			2,212,412	300,156
Net cash provided	by operating activities		2,212,412	300,156
Cash flows from	investing	activities
Purchase oftangible fixed assets				(2,300,627)
Purchase offixed	asset investments		(2,006,779)	(10,112)
Sale offixed asset investments/property			320,300	1,342,089
Interest received			2,964	2,100
Dividends received			6,988	6,451
Net cash used in	investing activities		~167652,7),	~960,099)
Change in cash	and cash	equivalents
in the reporting	period		535,885	(659,943)
Cash and cash equivalents		at the
beginning ofthe	reporting	period	2,834,616	3,494,559
Cash and cash equivalents		at the end
ofthe reporting	period		3370501	2,834,616

	RECONCILIATION		OF NET INCOME TO	OF NET INCOME TO	OF NET INCOME TO	NET CASH FLOW FROM OPERATING	NET CASH FLOW FROM OPERATING	NET CASH FLOW FROM OPERATING
	ACTIVITIES
								2020	2019
								8	8
	Net income for the		reporting		period (as	per the	Statement of
	Financial Activities)							2,252,394	639,983
	Adjustments for:
	Depreciation charges							147,206	101,192
	Gain on investments							(639,158)	(538,461)
	Interest received							(2,964)	(2,100)
	Dividends received							(6,988)	(6,451)
	(Increase)/decrease		in stocks					(10,587)	2,903
	Decrease/(increase)		in debtors					282,148	(174,869)
	Increase in creditors							190,361	277,959
	Net cash provided		by operations					2,212,412	300,156
2.	ANALYSIS OF CHANGES			IN	NET FUNDS
							At 1/1/20 8	Cash flow f	At 31/12/20 8
	Net cash
	Cash at bank and	in	hand				2,834,616	535,885	3370,501
							2,834,616	535,885	3370,501
	Total						2,834,616	535,885	3,370,501

DONATION	S AND L	EGACIES
			2020	2019
			6	E
Donations			5,575,811	5,424,397
Gift aid			651,410	603,610
Legacies			2,261,820	277,540
			8,489,041	6,305,547
OTHER TRADING ACTIVITIES
			2020	2019
			5	6
Sales from	publishing	division	32,969	53,795
INVESTMENT INCOME
			2020	2019
			5
Rents received			140,123	162,225
Dividends	received		6,988	6,451
Deposit account interest			2,964	2,100
			~150 075	170,776

INCOME F	RO	M CHAR	ITAB	LE ACTIV	ITIES
							2020	2019
				Activity			6	6
Guardian's	Resting Place			Guardian's	Resting Place		218,536	184,833
Schools				Schools			380	197,923
Plot fees				Plot fees			110,381
							329297	382,756
RAISING FUNDS
Other trading		activities
							2020	2019
Purchases	of literature		for resale				57,131	52,423
CHARITABLE		ACTIVITIES		COSTS
							Support
						Direct	costs (see
						Costs	note 8)	Totals
						8	8	8
International	funds					4,945,467	536	4,946,003
Guardian's	Resting Place					64,707		64,707
Conferences						74		74
Schools						1,022		1,022
Regional activities - teaching				and
training						489,398		489,398
Community	development					31,372		31,372
Organisation	ofcommunity activities					66,029	639,299	705,328
External affairs						131,167		131,167
Property costs						459,314		459,314
Depreciation						147,208		147,206
Auditors remuneration							14,534	14,534
Local Spiritual		Assemblies				194,019		194,019
Deputisation						146,871		146,871
						6,676,646	654,369	7,331,015

SUPPORT COSTS
				Governance
		Management	Finance	costs	Totals
		6	6	6	5
international funds			536		536
Organisation of community	activities	461,983	169,460	7,856	639,299
Auditors remuneration				14,534	14,534
		461,983	169,996	22,390	654,369
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after	charging/(crediting);
				2020	2019
Auditors' remuneration				14,534	15,500
Depreciation - owned assets				147,206	101,192
Other operating leases				1,400	3,431

		2020	2019
			5
Wages	and salaries	1,042,538	875,695
Social	security costs	90,725	73,118
Other	pension costs	75,923	63,887
		1,209,186	1,012,700

2020	2019
44	43

TANGIBLE FIXEDASSETS
	Freehold
	property f
COST
At 1 January 2020 and
31 December 2020	7,404,267
DEPRECIATION
At 1 January 2020	1,970,560
Charge for year	147,206
At 31 December 2020	2,117,766
NET BOOK VALUE
At 31 December 2020	5,286,501
At 31 December 2019	5,433,707

							NBV on	NBV based
							historical	on revalued
				Cost		Depreciation	cost basis	amounts
				F		F	F	6
Rutland	Gate, London			735,744		500,307	235,437	2,268,000
3 Langdale		Road, Liverpool		36,952		18,492	18,460	86,800
Willow island (land)					500		500	8,000
Wideford	Hill, St Ola, Orkney		Isles
(land)					500		600	36000
				773	696	518799	254 897	2 398800

FIXEDASSET INVESTMENTS
	Unlisted
	investments
MARKET VALUE
At 1 January 2020	2,366,541
Additions	2,006,779
Disposals	(358,908)
Revaluations	677,766
At 31 December 2020	4,692,178
NET BOOK VALUE
At 31 December 2020	4,692,178
At 31 December 2019	2,366,541

FAIR VALUE
At 1 January 2020
and 31 December 2020	2,670,000
NET BOOK VALUE
At 31December 2020	2,670,000
At 31 December 2019	2,670,000

	Chartered Sur	veyors. T	he trustees believe that still reflects the fair va	lue at the year end.
15.	STOCKS
				2020	2019
	Stocks			73,337	62,750
16.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020	2019
	Other debtors			32,955	53,872
	VAT			1,102	635
	Prepayments	and accrued income		69,696	331,394
				103,753	385,901

CREDITORS: AMOUN	TS FALLING DUE WITHIN O	NE YEAR
		2020	2019
		F	E
Trade creditors		55,691	128,081
Social security and other taxes			2,484
Other creditors		58,809	50,737
Funds held for others		2,319,997	2,061,508
Accruals and deferred	income	39,006	40,332
		2,473,503	2,283,142


2020	2019
F	F
375,000	375,000

NIOVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1/1/20	in funds F	funds f	31/12/20 f
Unrestricted funds
General fund			2,349,938	(372,176)	(154,068)	1,823,694
Social Action Fund			5,282	290		5,572
Property maintenance	fund		350,000			350,000
General reserve			900,000			900,000
Growth fund			36,115	2,257,908	(122,000)	2,172,023
Revaluation			2,143,376		(74,927)	2,068,449
Guardian's Resting Place			306,459	117,600	(44,577)	379,482
UK Temple Fund - Designated		Fund	500,000	111,941		611,941
Belfast Temple Funds			83,820	7,428		91,248
Belfast Centre Fund			163,851	(27,788)	233,315	369,378
Residential Centre reserve			2,051,783	58,625	(99,661)	2,010,747
Edinburgh Centre				(4,970)	4,970
Royal York Crescent				111,196	2,669	113,865
Faroes Centre Fund					109,510	109,510
			8,890,624	2,260,054	(144,769)	11,005,909
Restricted funds
Deputisation			128,227	(122,818)		5,409
UK Temple Fund			630,298	108,126		738,424
Guardian's Resting place			910,871	153,829		1,064,700
Paul Malcolm Booth Fund			5,634	480		6,114
Baba'i Institute ofHigher Education			40	5,591		5,631
Faroes Centre Fund			272,294	(879)		271,415
Residential Centre reserve			248,844	(107,838)	102,861	243,867
Department ofHealth			7,539	(1,241)		6,298
National Spiritual Assemblies overseas Royal York Crescent Apartment			1,002	(1,002) ~41,908)	41,908
			2204749	~7660	144769	2 341,688
TOTAL FUNDS			11,095,373	2,252,394		13,347,767

Net movement in funds, includ	ed in the a	bove are as foll	ows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
				E	E
Unrestricted funds
General fund		2,133,147	(2,808,137)	302,814	(372,176)
Social Action Fund		290			290
Growth fund		2,181,675	(45,297)	121,530	2,257,908
Guardian's Resting Place		8,629		108,971	117,600
UK Temple Fund - Designated	Fund	11,773		100,168	111,941
Belfast Temple Funds		1,753		5,675	7,428
Belfast Centre Fund		1,675	(29,463)		(27,788)
Residential Centre reserve		99,661	(41,036)		58,625
Edinburgh Centre		25	(4,995)		(4,970)
Royal York Crescent		111,196			111,196
		4,549,824	(2,928,928)	639,158	2,260,054
Restricted funds
Deputisation		24,053	(146,871)		(122,818)
UK Temple Fund		108,126			108,126
Guardian's Resting place		218,536	(64,707)		153,829
Paul Malcolm Booth Fund		480			480
Baha'i Institute of Higher Education		47,950	(42,359)		5,591
International Funds		3,780,576	(3,780,576)
Faroes Centre Fund			(879)		(879)
Residential Centre reserve		45,318	(153,156)		(107,838)
Department of Health			(1,241)		(1,241)
Local Spiritual Assemblies		194,019	(194,019)
National Spiritual Assemblies overseas Royal York Crescent Apartment		26,284 6,216	(27,286) ~48,124)		(1,002) ~41,908)
		4451,558	~44592)8		7,660
TOTAL FUNDS		9,1)01.382	~7, 388,)49)	839,158	2,252,394

Comparatives for mo	vement	in funds
				Net	Transfers
				movement	between	At
			At 1I1I19	in funds	funds	31/12I19
			5	5	5	5
Unrestricted funds
General fund			2,615,667	(340,656)	74,927	2,349,938
Social Action Fund			5,042	240		5,282
Property maintenance	fund		332,565	17,435		350,000
General reserve			900,000			900,000
Growth fund			2,022,114	65,784	(2,051,783)	36,115
Revaluation			2,218,303		(74,927)	2,143,376
Guardian's Resting Place - Designated
Fund			306,459			306,459
UK Temple Fund - Designated		Fund	500,000			500,000
Belfast Temple Funds			175,000	8,820	(100,000)	83,820
Belfast Centre Fund			66,399	(2,548)	100,000	163,851
Residential Centre reserve					2,051,783	2 051,783
			9,141,549	(250,925)		8,890,624
Restricted funds
Deputisation			97,419	30,808		128,227
UK Temple Fund			155,237	475,061		630,298
Cambridge Centre			110,223	(110,223)
Guardian's Resting place			769,665	141,206		910,871
Oxford Centre			74,279	(74,279)
Shetland Centre			99,199	(99,199)
Paul Malcolm Booth Fund			7,819	(2,185)		5,634
Baba'i Institute of Higher Education				40		40
Faroes Centre Fund				272,294		272,294
Residential Centre reserve				248,844		248,844
Department of Health				7,539		7,539
National Spiritual Assemblies		overseas		1,002		1,002
			1,313,841	890,908		2,204,749
TOTAL FUNDS			10,455,390	639,983		11,095,373

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General fund			1,729,550	(2,420,133)	349,927	(340,656)
Social Action Fund			240			240
Property maintenance	fund		683		16,752	17,435
Growth fund			43,084	(50,000)	72,700	65,784
Belfast Temple Funds Belfast Centre Fund			775 2,600	~3.488)	e,o45 ~1,660)	e,e2o ~2,548)
			1,776,932	(2,473,621)	445,764	(250,925)
Restricted funds
Deputis ation			3o,eoe			30,808
UK Temple Fund			444,940		30,121	475,061
Cambridge Centre			2,753	(11e,1og)	5,133	(110,223)
Guardian's Resting place			212,366	(120,628)	49,46e	141,206
Oxford Centre			1,899	(79,593)	3,415	(74,279)
Shetland Centre			2,538	(106,297)	4,560	(99,199)
Paul Malcolm Booth Fund			405	(2,590)		(2,185)
Edinburgh Fund			28,105	(28,105)
Baha'i Institute ofHigher Education			59,932	(59,892)		40
International Funds			3,507,043	(3,507,043)
Faroes Centre Fund			272,294			272,294
Residential Centre reserve			256,650	(7,806)		248,844
Derby Mulifaith Project			360	(360)
Department of Health			9,845	(2,306)		7,539
Local Spiritual Assemblies National Spiritual Assemblies		overseas	195,837 110,167	(195,837) ~109,165)		1,002
			5,135.942	~4,337731	92,697	ego,goe
TOTAL FUNDS			6,912,1!74	~6,I!11,352)	538,461	639,983