##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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|
##
##
##
##
##
##
##
##