## 























## 






## 

## 




## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

|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**||||
|in**the 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|



|<br>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|