2021-12-31-accounts

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