| Afnan Library Trust, shareinBridge House, | |
|---|---|
| Tonbridge | £375,000 |
| Afnan Library Trust - other funds | £17,111 |
| Bridge House reseNe | £36,667 |
| Continental Pioneer Committee | £49,639 |
| Various LSA funds | £1,024,383 |
| Dr Khosrow Taheri | £114,240 |
| International collaboration fund | £119,820 |
| Baha'i International Fund | £943,231 |
| Other funds | £14,906 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Un restricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| as restated | |||||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 2,739,625 | 5,512,187 | 8,251,812 | 8,489,041 |
| Charitable activities | 5 | ||||
| Guardian's Resting Place | 9,084 | 9,084 | 218,536 | ||
| Schools | 380 | ||||
| Plot fees | 46,042 | 46,042 | 110,381 | ||
| Other trading activities | 3 | 28,927 | 28,927 | 32,969 | |
| Investment income | 4 | 81,176 | 9,299 | 90,475 | 150,075 · |
| Total | 2,904,854 | 5,521,486 | 8,426,340 | 9,001,382 | |
| EXPENDITUREON | |||||
| Raising funds | 6 | 43,005 | 43,005 | 57,131 | |
| Charitable activities | 7 | ||||
| International funds | 1,084,397 | 4,382,679 | 5,467,076 | 4,946,003 | |
| Guardian's Resting Place | 58,128 | 58,128 | 64,707 | ||
| Conferences | 74 | ||||
| Schools | 235 | 335,151 | 335,386 | 1,022 | |
| Regional activities - teaching and training | 537,929 | 537,929 | 489,398 | ||
| Community development | 32,106 | 32,106 | 31,372 | ||
| Organisation of community activities | 713,918 | 21,315 | 735,233 | 705,328 | |
| External affairs | 129,679 | 129,679 | 131,167 | ||
| Property costs | 370,095 | 270,403 | 640,498 | 459,314 | |
| Depreciation | 133,157 | 14,049 | 147,206 | 147,206 | |
| Auditors remuneration | 15,121 | 15,121 | 14,534 | ||
| Local Spiritual Assemblies | 405,461 | 405,461 | 194,019 | ||
| Deputisation | 26,938 | 26,938 | 146,871 | ||
| Total | 3,117,770 | 5,455,996 | 8,573,766 | 7,388,146 | |
| Net gains on investments | 466,412 | 94,099 | 560,511 | 639,158 | |
| NET INCOME | 253,496 | 159,589 | 413,085 | 2,252,394 | |
| Transfers between funds | 21 | (185,016) | 185,016 | ||
| Net movementinfunds | 68,480 | 344,605 | 413,085 | 2,252,394 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 10,606,729 | 2,741 ,038 | 13,347,767 | 11,095,373 | |
| TOTAL FUNDS CARRIED FORWARD | 10,675,209 | 3,085,643 | 13,760,852 | 13,347,767 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Un restricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| as restated | |||||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 13 | 4,510,298 | 628,998 | 5,139,296 | 5,286,501 |
| Investments | |||||
| Investments | 14 | 4,681,238 | 1,174,184 | 5,855,422 | 4,692,178 |
| Investment property | 15 | 2,145,810 | 524,190 | 2,670,000 | 2,670,000 |
| 11,337,346 | 2,327,372 | 13,664,718 | 12,648,679 | ||
| CURRENT ASSETS | |||||
| Stocks | 16 | 50,176 | 50,176 | 73,337 | |
| Debtors | 17 | 747,155 | 91,770 | 838,925 | 103,753 |
| Cash at bank andinhand | 2,036,900 | 666,501 | 2,703,401 | 3,370,501 | |
| 2,834,231 | 758,271 | 3,592,502 | 3,547,591 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 18 | {3,121 ,368) | (3,121,368) | (2,473,503) | |
| NET CURRENT ASSETS | (287,137) | 758,271 | 471,134 | 1,074,088 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 11,050,209 | 3,085,643 | 14,135,852 | 13,722,767 | |
| CREDITORS | |||||
| Amounts falling due after more than one year 19 | (375,000) | (375,000) | (375,000) | ||
| NET ASSETS | 10,675,209 | 3,085,643 | 13,760,852 | 13,347,767 | |
| FUNDS | 21 | ||||
| Unrestricted funds | 10,675,209 | 10,606,729 | |||
| Restricted funds | 3,085,643 | 2,741,038 | |||
| TOTAL FUNDS | 13,760,852 | 13,347,767 |
| 2021 | 2020 | ||
|---|---|---|---|
| as restated | |||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (206,898) | 2,212,412 |
| Net cash (used in)/provided by operating activities | (206,898) | 2,212,412 | |
| Cash flows from investing activities | |||
| Purchaseoffixed asset investments | (602,733) | (2,006,779) | |
| Sale of fixed asset investments/property | 320,300 | ||
| Interest received | 1,670 | 2,964 | |
| Dividends received | 3,733 | 6,988 | |
| Net cash usedininvesting activities | (597,330) | (1,676,527) | |
| Changeincash and cash equivalents | |||
| inthe reporting period | (804,228) | 535,885 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 2 | 3,370,501 | 2,834,616 |
| Cash and cash equivalents at the end | |||
| of the reporting period | 2 | 2,566,273 | 3,370,501 |
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|---|
| 2021 | 2020 | ||
| as restated | |||
| £ | £ | ||
| Net income for the reporting period (as per the Statementof | |||
| Financial Activities) | 413,085 | 2,252,394 | |
| Adjustments for: | |||
| Depreciation charges | 147,206 | 147,206 | |
| Gainoninvestments | (560,511) | (639,158) | |
| Interest received | (1,670) | (2,964) | |
| Dividends received | (3,733) | (6,988) | |
| Decrease/(increase)instocks | 23,160 | (10,587) | |
| (lncrease)/decrease in debtors | (735,172) | 282,148 | |
| Increase in creditors | 510,737 | 190,361 | |
| Net cash (used in)/providedbyoperations | (206,898) | 2,212,412 | |
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||
| 2021 | 2020 | ||
| asrestated | |||
| £ | £ | ||
| Cashinhand | 2,294 | 3,020 | |
| Notice deposits (less than 3 months) | 2,701,107 | 3,367,481 | |
| Overdrafts included in bank loans and overdrafts falling due within one | |||
| year | (137,128) | ||
| Total cash and cash equivalents | 2,566,273 | 3,370,501 |
| At 1/1/21 | Cash flow | At31/12/21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank andinhand | 3,370,501 | (667,100) | 2,703,401 |
| Bank overdraft | (137,128) | (137,128) | |
| 3,370,501 | (804,228) | 2,566,273 | |
| Total | 3,370,501 | (804,228) | 2,566,273 |
| 2021 | 2020 | |
|---|---|---|
| asrestated | ||
| £ | £ | |
| Donations | 6,280,173 | 5,575,811 |
| Giftaid | 733,986 | 651,410 |
| Legacies | 1,237,653 | 2,261,820 |
| 8,251,812 | 8,489,041 |
| 2021 | 2020 | |
|---|---|---|
| asrestated | ||
| £ | £ | |
| Sales from publishing division | 28,927 | 32,969 |
| INVESTMENT INCOME | ||
| 2021 | 2020 | |
| asrestated | ||
| £ | £ | |
| Rents received | 85,072 | 140,123 |
| Dividends received | 3,733 | 6,988 |
| Deposit account interest | 1,670 | 2,964 |
| 90,475 | 150,075 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| asrestated | |||||
| Activity | £ | £ | |||
| Guardian's Resting Place | Guardian's Resting Place | 9,084 | 218,536 | ||
| Schools | Schools | 380 | |||
| Plot fees | Plot fees | 46,042 | 110,381 | ||
| 55,126 | 329,297 | ||||
| 6. | RAISING FUNDS | ||||
| Other trading activities | |||||
| 2021 | 2020 | ||||
| asrestated | |||||
| £ | £ | ||||
| Purchases of literature for resale | 43,005 | 57,131 | |||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 8) | Totals | |||
| £ | £ | £ | |||
| International funds | 5,467,076 | 5,467,076 | |||
| Guardian's Resting Place | 58,128 | 58,128 | |||
| Schools | 335,386 | 335,386 | |||
| Regional activities- teaching and | |||||
| training | 537,929 | 537,929 | |||
| Community development | 32,106 | 32,106 | |||
| Organisation of community | activities | 73,165 | 662,068 | 735,233 | |
| External affairs | 129,679 | 129,679 | |||
| Property costs | 640,498 | 640,498 | |||
| Depreciation | 147,206 | 147,206 | |||
| Auditors remuneration | 15,121 | 15,121 | |||
| LocalSpiritual Assemblies | 405,461 | 405,461 | |||
| Deputisation | 26,938 | 26,938 | |||
| 7,853,572 | 677,189 | 8,530,761 |
| Governance | ||||
|---|---|---|---|---|
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Organisationofcommunity activities | 456,721 | 174,815 | 30,532 | 662,068 |
| Auditors remuneration | 15,121 | 15,121 | ||
| 456,721 | 174,815 | 45,653 | 677,189 |
| 2021 | 2020 | |
|---|---|---|
| as restated | ||
| £ | £ | |
| Auditors' remuneration | 15,120 | 14,534 |
| Depreciation - owned assets | 147,205 | 147,206 |
| Other operating leases | 229 | 1,400 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 1,138,914 | 1,042,538 |
| Social security costs | 99,589 | 90,725 |
| Other pension costs | 81,115 | 75,923 |
| 1,319,618 | 1,209,186 |
| 2021 | 2020 | |
|---|---|---|
| as restated | ||
| Employed staff | 49 | 44 |
| Freehold | |
|---|---|
| property | |
| £ | |
| COST | |
| At 1 January2021and | |
| 31December2021 | 7,404,267 |
| DEPRECIATION | |
| At 1 January2021 | 2,117,766 |
| Charge for year | 147,205 |
| At31December2021 | 2,264,971 |
| NET BOOK VALUE | |
| At31December2021 | 5,139,296 |
| At31December 2020 | 5,286,501 |
follows: |
||||
|---|---|---|---|---|
| NBVon | NBV based | |||
| historical | onrevalued | |||
| Cost | Depreciation | cost basis | amounts | |
| £ | £ | £ | £ | |
| Rutland Gate, London | 735,744 | 515,022 | 220,722 | 2,184,000 |
| 3 Langdale Road, Liverpool | 36,952 | 19,199 | 17,753 | 83,700 |
| Willow Island (land) | 500 | 500 | 8,000 | |
| Wideford Hill, St Ola, Orkney Isles | ||||
| (land) | 500 | 500 | 36,000 | |
| 773,696 | 534,221 | 239,475 | 2,311,700 |
| Listed | Unlisted | ||
|---|---|---|---|
| investments | investments | Totals | |
| £ | £ | £ | |
| MARKET VALUE | |||
| At 1 January 2021 | 4,602,958 | 89,220 | 4,692,178 |
| Additions | 602,733 | 602,733 | |
| Revaluations | 563,115 | (2,604) | 560,511 |
| At31December 2021 | 5,768,806 | 86,616 | 5,855,422 |
| NET BOOK VALUE | |||
| At 31 December 2021 | 5,768,806 | 86,616 | 5,855,422 |
| At 31 December 2020 | 4,602,958 | 89,220 | 4,692,178 |
| £ | |
|---|---|
| FAIR VALUE | |
| At 1 January 2021 | |
| and31December 2021 | 2,670,000 |
| NET BOOK VALUE | |
| At31December 2021 | 2,670,000 |
| At31December 2020 | 2,670,000 |
| 2021 | 2020 | |
|---|---|---|
| as restated | ||
| £ | £ | |
| Stocks | 50,176 | 73,337 |
| 2021 | 2020 | |
|---|---|---|
| as restated | ||
| £ | £ | |
| Other debtors | 33,395 | 32,955 |
| VAT | 552 | 1,102 |
| Prepayments and accrued income | 804,978 | 69,696 |
| 838,925 | 103,753 |
| 2021 | 2020 | |
|---|---|---|
| as restated | ||
| £ | £ | |
| Bank loans and overdrafts (see note 20) | 137,128 | |
| Trade creditors | 302,180 | 55,691 |
| Social security and other taxes | 24,786 | |
| Other creditors | 51,520 | 58,809 |
| Funds held for others | 2,575,453 | 2,319,997 |
| Accruals and deferred income | 30,301 | 39,006 |
| 3,121 ,368 | 2,473,503 |
| £ | |
|---|---|
| Balance as at31December 2020 | 20,778 |
| Amount released to incoming resources | (20,778) |
| Amount deferredinyear | 18,231 |
| Balance as at31December 2021 | 18,231 |
| 2021 | 2020 | ||
|---|---|---|---|
| asrestated | |||
| £ | £ | ||
| Fundsheld for others | 375,000 | 375,000 | |
| 20. | LOANS | ||
| Ananalysis of the maturity of loansisgiven below: | |||
| 2021 | 2020 | ||
| as restated | |||
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Bank overdrafts | 137,128 |
| MOVEMENTINFUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/1/21 | infunds | funds | 31/12/21 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 1,424,514 | (709,408) | 74,927 | 790,033 |
| Social ActionFund | 5,572 | 260 | 5,832 | |
| Property maintenance fund | 350,000 | 350,000 | ||
| General reserve | 900,000 | 900,000 | ||
| Capital projects | 27,313 | (27,313) | ||
| Growth fund | 2,172,023 | 1,003,422 | 3,175,445 | |
| Revaluation | 2,068,449 | (2,068,449) | ||
| Guardian's RestingPlace | 379,482 | (39,100) | 340,382 | |
| UK Temple Fund - Designated Fund | 611,941 | 103,245 | 715,186 | |
| Belfast Temple Funds | 91,248 | 5,945 | (97,193) | |
| Belfast Centre Fund | 369,378 | (142,271) | (227,107) | |
| Residential Centre reserve | 2,010,747 | (41,035) | (1,969,712) | |
| Royal York Crescent | 113,865 | 45,125 | (158,990) | |
| Farces Centre Fund | 109,510 | 109,510 | ||
| Funds representing properties held | 4,288,821 | 4,288,821 | ||
| 10,606,729 | 253,496 | (185,016) | 10,675,209 | |
| Restricted funds | ||||
| Deputisation | 5,409 | 5,409 | ||
| UK Temple Fund | 738,424 | 254,765 | 993,189 | |
| Guardian's Resting place | 1,064,700 | 96,809 | (57,942) | 1,103,567 |
| Paul Malcolm Booth Fund | 6,114 | 160 | 6,274 | |
| Baha'iInstitute of Higher Education | 5,631 | (5,593) | 38 | |
| International Funds | 91,770 | 91,770 | ||
| Farces Centre Fund | 271,415 | (21,315) | 250,100 | |
| Residential Centre reserve | 243,867 | (14,154) | 9,177 | 238,890 |
| Department of Health | 6,298 | 6,298 | ||
| Royal York Crescent Apartment | 399,180 | (242,853) | 233,781 | 390,108 |
| 2,741,038 | 159,589 | 185,016 | 3,085,643 | |
| TOTAL FUNDS | 13,347,767 | 413,085 | 13,760,852 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,865,549 | (2,820,871) | 245,914 | (709,408) |
| SocialAction Fund | 260 | 260 | ||
| Capital projects | 27,313 | 27,313 | ||
| Growth fund | 926,855 | (50,000) | 126,567 | 1,003,422 |
| Guardian's RestingPlace | 19,028 | (58,128) | (39,100) | |
| UK Temple Fund - Designated Fund | 15,259 | 87,986 | 103,245 | |
| Belfast Temple Funds | 5,945 | 5,945 | ||
| Belfast Centre Fund | 5,464 | (147,735) | (142,271) | |
| ResidentialCentre reserve | 1 | (41,036) | (41,035) | |
| Royal York Crescent | 45,125 | 45,125 | ||
| 2,904,854 | (3,117,770) | 466,412 | 253,496 | |
| Restricted funds | ||||
| Deputisation | 26,938 | (26,938) | ||
| UK Temple Fund | 254,765 | 254,765 | ||
| Guardian's Resting place | 2,710 | 94,099 | 96,809 | |
| Paul Malcolm Booth Fund | 160 | 160 | ||
| Baha'i Institute of Higher Education | 329,558 | (335,151) | (5,593) | |
| International Funds | 4,474,449 | (4,382,679) | 91,770 | |
| Faroes Centre Fund | (21,315) | (21,315) | ||
| ResidentialCentre reserve | 25,967 | (40,121) | (14,154) | |
| LocalSpiritual Assemblies | 405,461 | (405,461) | ||
| Royal York Crescent Apartment | 1,478 | (244,331) | (242,853) | |
| 5,521,486 | (5,455,996) | 94,099 | 159,589 | |
| TOTAL FUNDS | 8,426,340 | (8,573,766) | 560,511 | 413,085 |
| Comparatives for movementinfunds | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/1/20 | infunds | funds | 31/12/20 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,941,686 | (363,104) | (154,068) | 1,424,514 |
| 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 | ||
| 8,482,372 | 2,269,126 | (144,769) | 10,606,729 | |
| 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 | |
| Baha'i InstituteofHigher 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 |
| DepartmentofHealth | 7,539 | (1,241) | 6,298 | |
| National Spiritual Assemblies overseas | 1,002 | (1,002) | ||
| Royal York Crescent Apartment | 408,252 | (50,980) | 41,908 | 399,180 |
| 2,613,001 | (16,732) | 144,769 | 2,741,038 | |
| TOTAL FUNDS | 11,095,373 | 2,252,394 | 13,347,767 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 2,133,147 | (2,799,065) | 302,814 | (363,104) |
| Social Action Fund | 290 | 290 | ||
| Growth fund | 2,181 ,675 | (45,297) | 121,530 | 2,257,908 |
| Guardian's RestingPlace | 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 | (2,919,856) | 639,158 | 2,269,126 | |
| 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) | ||
| Farces 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 | 26,284 | (27,286) | (1,002) | |
| Royal York Crescent Apartment | 6,216 | (57,196) | (50,980) | |
| 4,451 ,558 | (4,468,290) | (16,732) | ||
| TOTAL FUNDS | 9,001,382 | (7,388,146) | 639,158 | 2,252,394 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Withinone year | 63,271 | 118,000 | ||
| Betweenonand five years | 17,914 | 177,935 | ||
| Inmore than five years | 54000 | |||
| 81185 | 349,935 |