REGISTERED COIIPANY MUMBER: 00355737 (England and W41•s1
REGISTERED CHARITY NUMBER: 250851
REPORT OF THE TRUSTEES ANO
FINANCIAL STATEME1￿ FOR THE YEAR EMDED 310ECEMBER 2022
FOR
NATIOIIAL SPIRifuAL ASSEPMLY OF THE
BAHA'IS OF THE UhllTEO KINGDOM
•K6LIJIA•
271C6r2023
¢￿P￿lEs HOUSE
A16
7 j

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS THE UNITED KINGDOM
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
P•9¢
R•port ol thg Truwto•s
I to 7
Report of th• h￿pènd¥n¢ Awdltorn
8 to 11
Sf*t•m8tht of Flnan¢lal Act￿￿tI
12
stst¢moot of Flnanelal P054tion
13 to 14
Ststèment of Cash Flt)WJ
15
Not•s to th• Statement of Cash Flow*
16
Not•$ to the FlnaKlo1 Stat•m•nts
17 to

IIA TIONAL SPIRITUAL ASSEIIBLY OF THE
BAHA'IS OF THE UNITED KINGDOIA
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIABER 2022
The trustees who are akn dbreLttsts of the charrty for ￿rp￿SeS of Companies A¢t 2006. p￿Sent the
repgrt with the fina￿la1 statements ol the charity for the year ended 31 Dè￿mber 2022. The trustees have
adopted the provIsK)￿ of Acwjnting and ReF#xbng by Chantses." Staterrent of Re￿n￿nded Practi¢e
applicable to charities prepariro their acccwJnts in ac￿rdan￿ ￿ the FinatKial ReportitvJ Standard
applicable ￿ the UK aTrJ Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
OBJECTIVES AND ACTWITES
ObleeiSv•s and aims
Th8 obJ"•cis of Ihe chanty are..
Shaiing the hleak and asststs.ng the efforts of the Baha'is to esta￿lSh. uphold promote the
spiritual. educati￿81 and hwnanrtarian teathings of human t￿otherhoOd. radiant laith. exaAed
character and sèlfiess love reN*aled w) INes an($ utterances of all the Pr4)hets a￿1 M•sservJers
of God. Founders of the worVs rebealed relwion$. and gfftn renewed creati¥e ener9y aThJ univ¢rs?1
applicat￿ to the ccffjdrt10￿ ofthts age in the lrfe ar¥J utterarw of Baha'u'lLah.
To administer thè affaws of thè faith of Baha'u'iiah for t￿ be￿fft of the Baha'l$ of the Unsted
ngyom a￿1 the w￿r C￿munity according to thè prirt1￿t5 of the Baha'i Faith. created and
èstsblished by Baha'u'llah, defined aThJ explained by Abdu'l.8•ha. mterpretad arvj amplrfied by
Shoghi Ellendi. and supplernented apF4*d by th• UnNersal House ol Jusbce. which Baha'u'iiah
d•su*Jed in His wth.ngs as the swyerrva body of the Baha'l rel￿3**n.
0￿1 the past 25 yeats, thè worth¥i¢* Baha'S communty had embarked on a serles ol plans, directed by the
UnNersal House of Justice A Part￿lar focJJs had bèèn to raise the capacty of irbdivKIu81s to contributtr to
the spiritual, malerial and soual •Yva￿ment of their Cornmunit￿ ¥r¥J tts creats a just and prosperous
soriety. In this conn￿bon much fccu5 had been gNen to developing a training instrtute with a sequenee ol
cour5e$ that aims to buisd th8 r*eded capaciliès in indiv¥Juals to carry out the many lasks that such an
enterprise entsils. In 2022, the ccvnmunty has embarked on a n**4 series of plarB, the first of these, a
Nine-Yè8r Plan launthed on 21 Aw"1 with a ser￿$ ofconferences across the Unw tjrowing on the
experience of the kist 25 years and fctused on Buikling Vibrant c0mmunrt￿.
PUBUC BENEFIT
The trustaes have had règard to tha gubj3￿ issued by the Charity c0mrn6$￿ft and ar$ $8ti%f*d that the
chanty is for public t*nefit. Its primary LknJecipi• is the tharKxment of relvJion and its current activ￿"es, such
as its Study circ￿. de¥￿tional meei¢ngs. classes for the spirrtual educatN)n of chiklren. programme f¢*r the
spintual •mpowerm•nt of juniof-youth. youlh and olher aclr¥ths conlrbvi• to the spirtual a¢vJ soaal
development of ￿Mmunit￿ aTrJ are w to all.
Page 1

NATIONAL s￿RITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDO
REPOR7 OF THE TRUSTEES
FOR THE YEAR eNDE0 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE
Since the lau￿ of the Nine-year Plan ￿ &W"12022, the￿ have teen numerous messages re¢*Ned from
tha Univèrsal House of JuslK2 whrh dearty artKwlate the goats aTrJ aspirations of the worfLlwide Bahai
¢omrnunty. At R wJvan 2022, the House of Juth"ce ststed".
As soc￿1*$ experience St￿SseS ofVari￿s kinds, ffte ofthe Abha 8e&uty must stand out mor•
and ffl¢xs for their qualities of resiherKe and falnnalty, lor their standard ol c￿durt and Ihwr adherenc8
to prn¢wle. and tr the ¢t￿pasS￿. detachment. 8rnJ l￿bea￿nCe Ih&y ￿em￿Strat• in thèir putsuit of
ADVANCING THE GOALS OF THE MINE-YEAR PLAN
The ex￿￿r(lin?ry imFelus of a worfd-N•hYe Wa￿ of con18rerK•s to launch
the Nine-yéar Plan around the worf¢J began in Aw"12022, conbnued into
the gJmmer, tmthessed an UnPre￿d2nted engagèment of Btha,
and the whler te4nmunty in respondiThJ lo the call of the Unwsal House
of Juslice.
Som8 4.2CQ souls partiopated in these conferen￿5 at the reg￿￿al. sub
regional. duster, and nevJPthurho&a ￿veL$ in Ihe UK Af9hans. East
Timorèsè. Ethiopian. Iranian. and Nepakse *ere amoThJ S￿￿e of the
people from specffic r8C•Ptive Fwulalion5 thal parb¢ipaled.
Signikant 9￿sts s￿h as he•J teacws. inlerfaith ministers-
pfe5entstwes from the pol¢e force, reKwesentatNes from various charty
organisations, and Ictal 4ctiV*ts wore also in attendance.
The ¢onfeTences were also an cyportunity for the wmmunty to ra￿ its
capaoty to".
Eng•Je Lar9e numbers of fr￿n(ts ol ts Faith in sluo*irg
guidarKe of Ihe UnNersal House ol justi￿ and thinking about
how to appty rt in Ihèir communthes".
Swiftly organise krge events that cater for families. chibjren.
Junior youlh, and youth" to be ready to to various
language needs..
Converse with Ihou5and5 of arnj them to
conference ab(KJt SoC￿ty bulE1irYJ",
Reath out to Btha'is who had not re¢enlly been uyged in
communty hre..
And use the arts to joy and enhar￿* understaThJiry.
Paje 2

14A TIONAL SPIRITUAL A&SEIIBLY OF THE
8AHA'IS OF THE UNITED KINGDOhl
REPORT OF THE TRUSTEES
FOR THE YEAR ENOED 31 0ECEIthBER 2022
FINANCIAL REVIEW
FINANCIAL POSITIO
At the beg￿nnIng 012022. t￿ N8tional Spirrtual Assernb￿ hostsd a Nothem Europe Instrtutional meelin9
wrth some 1K) peoplè att*n¢iro in pewn ar#J tl* serw ol worbh¥*Je 0)nIe￿nCES in thè Unitèd Kingdom
also took place. These 9ave tremendou5 inpetus to the communty to launch the Nine-year Plan and placed
significant d•man¢J on th• NatK)nal Fund In ihe ccmiry year. The￿ were also summer intensivè train1ng
programmes that took pLace across the Unrted lfj"r4JdrMn. whth abo incI￿￿ed a wonderful copOrtL￿ity lor
pa￿"¢1panIS to •n9age in a n￿)ber of$er￿e wqects to SUFplement their leamin9.
In the ￿gInni￿5 012023. fund gatheIings took wrth all trLLStè￿ att•ndiNJ anLI faa1itating al least on?.
wth a fcKus of strewhening the relationshp of the Inends with the Funds of the Farth. Regarding the
Voritsu$ investments of the Nat￿nal Assembty, the mathets fell drnmaticalty at the beginning 012022 due to
the war in Europe. and ts Investrnent Cgrnmrttee ol the Nabonal Spirit¥81 Assèmbty chose not to disinvest
and to nde the rnartet volatilty. At the beglftn￿g of 2023 rt Yas recornmeThJed to invest in money markets to
lake advanla9e ofthe hvjher irtÈrÈst r*S.
It ts noted that resefves ￿Te drawn C￿ heavity iknirvJ 2022. aThY a nwnber of strdttg*s have now been
implemented to try and revarse the outhtrw of lunds."
StrerrfJthening the capaoty for ￿ann1r0 and budgeb.rg al all levels..
Reviewing bu&Jets lint-by-line to analyse whem small savirvJs can b• m*Je'.
Considering how tasks can be forwar(J by a larger body ol volurteern..
R¢fiècb"￿j on the use of Propert￿ for all auryitses; and
Ways to reduce the costs ofcamps that sutwrt 9rty￿h.
PRINCIPAL SOURCE OF INCOME AND use OF FUNDS RAISED
In accordance wrth the TeachirKJs of the Baha'i Faith, onty Baha'is may contnDute to 8aha'l funds. Thus the
primary source of income ￿ trom the Baha'l communrty in the Vnited ￿ngdL¥n. The NatKinal Spiritual
Assembly arso benefits Irom tax rebates receryed Irthm grft.ai¢Jed Contn"but￿$. Other Sources of income
include rents receivabk and de￿￿1 int¢r¢st In￿￿.
GNen the obj¢¢b￿S arKI ath"vrt* Lwlin8d tho Nat￿nal SyitLsal Assembty has eng￿ed in a
locussed attempt to ensure that all of its expenthtsj￿s aThY ts assets surwrt the wmary 04èth.ves which
have been set.
Investment poll¢y and obfv¢tlve$
In accordance wrth the 9UwJan￿ isS￿d by I￿ chanknes corThmission, the NaiKJnal Spiritual Assembly
implemented a rrtjky for investirg any surplus assets to Se¢U￿ thè best finanaal retum Iwrthin the
appropriate level of risk) to t* used to ath*¥e the goals of the Farth. The Investment commrtlee follow a
Terms of Refeon¢e whth hwhlwhts the tyF¢$ of investsnents arvj wcposed strategic asset alIc￿tth which
the National Spiritual has adopted.
Each quartor thè cuttèrt hobjitsjs ar• assessed. both to gnsurè that ihe Ass¢1 Ak¢at*)n k8 within tobrance
of thè suggested strategy and to ensure that any speofic assets are ach*viig Ihe *vel of 9r(ywth or incem
that ihe Nabonal Assembly dee￿￿ reasonabk- the agreed rth toleranc*.
Although r( is ￿¢(snised thal it B rot practrAI to target a ￿Ve1 of retums each year. gNèn IP*e natUTe of
ertoin in¥eslments, thè Nat￿n31 Spiritual Assembty makes every eNJ•avoui to meel a net return across the
investrnent portfolio of &7% Fer annum. In 2022. the investrDent slrategy ge￿rated a h)ss of 9.91%.
Any equrtiés suggèsted tts bè a•kl wthin the portfolio conbnL* to té strèèned as best as possible to ensure
that ￿ underlying hol(JirrfJs are not crtjtside ol the ethical fram￿*th coThJruent with the principle$ ol th
Faith.
Page 3

MATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OECEPA8ER 2022
FINANCIAL RV41EW
RESERVES POLICIES
In addition to the general fvJryJs the National Assembly Conside￿ r( prudent to have a 9eneral reserve to
over tts workiTrJ capital raquirement li.e. the day to day inflows and ouffiows of irt4yne and expenditure). An
amount equal to £900.0(M) or 6 rnonths of the annual salary bill _ whithever Is the greater- will the￿lOre be
set asKlè (to be hekl in accèssbkq lundsl as a general feserwd. At 31 December 2022 the balanc4 of free
rEser¥8s vrd5 £13.168 plus the genernl r•seNè of £￿0,751. Th• reserves are rewewed at the bèginning of
¢ach accounting yèar in linè with thè bLK19èts. It Ls ant￿Pated that 2022 see an inrJease in the salary bill
but not such that the general ￿er￿e wll ne&J to be increasecl.
In vk*w ofth• p￿lIe￿I0 of piwthx l*hJ, ￿ charty holds a pwjerty maintenance reserve to provhlè lunds
for significant renovatws repairs.. the minwnurn tsrgel amount this rasèrve is £350,0fy). At 31
D•cember 2022 the balance was £350,CW Due to th• expected In￿ase in Growth expenditurt to launch
the Nine-year Plan. Ihe Na1Tronal Assembly will foojs crtibulTh￿ to th• Na￿n81 Fund aThJ to reach the
tsrget fol the Tern￿e Lanij FuTh1.
Total luTrJs a5 at the yeai4TrJ were £12.226.212 ofwhth £3.461.373 is ￿lj *) Reslricled Funds.
During the year. thè National Spirrlual A55embly hdd the arn￿Jnts inv&sted in equrties of £5.768.81% wPxth
eC￿aSed to £4,789.813 due to the su(Jden war in EuroFe and subsequent infiationary pressures, however
the inve5trnent5 remain in lirn wrth lh8 5trat•gic asset alkncatth of the National Assembty and they wll
continue to be dosety rnonrtored.
ASSETS HELD BY THE ASSEMBLY AS TRUSTEE ON BEHALF OF OTHERS
Athan LA)rary Twsc share in BrKl9e H¢￿.
Tonth'd9e
Afnan Library Trust- other funds
Bridge House rese
Coniinentsl Pi)neer Cijmmrttee
VarK)us LSA fvr¥Js
Dr Khosrow Tahen
Intsmabon?I cdIaboratiC￿ frJThJ
Baha'l Int•rnational Fund
Huququ'llah
Payam-i-8ahai
Other funds
£333.923
£39.667
£191.239
£981.730
£114.474
£86.254
£819.855
£11.310
£19.118
£9.077
FUTURE PLANS
The ec¥ning year sees the communty move wrto the second ytar ofthe ￿"￿-Year Pkin, and tI￿re are plans
undeway to have another year of intensive trainiw along a large yixth ￿nferenc9 F4anned for ihe summ8f.
The Truste￿ wll there1￿ cts)bnue to focvs on the Sif*•g*s noted earliLY to try and increase ¢he net infkjw
into the Funds by erKouraging a spJnrfKant increase in umtributKK6 to ts N•￿¥1 FU￿1. and to encouragè
the spinlual principks ol Sa¢rits and Unibtrsal Part￿ipation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING OOCUMEPIT
Thè charrty Is eontrolkd by rts govwning document. a deed of trust. and Cor￿tIl￿te$ a hmited c¥Jmp8ny,
1wni(ed by guarantee. a5 defined by the Companw Act 2(K6.
Ptye4

NATIONAL SPIRITUAL ASSEPABLY OF THE
BAHA'IS OF THE UNITED KINGDOM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OECEPIBER 2022
The Nats'onal Spiritual Assembty of the Baha'ls ol the Unrted ￿"r￿jd0rn rs a company limited by guarantee
govemed by tts Memorandum Arbdes of A550COtitin 5 August 1939 and ￿e￿Ied io allow for
Jffent govemance arraNJèments on 25 March 1950. 21 Odcthr 19g4. 16 September 199S aTrJ 14 May
1999. It Is regiSte￿d as a charity Iht Charty Commission and wih the Scottish Charitk% Office Every
Member of National s￿ritUal Assernbty un￿rtakeS to Contributé such amounts as may be required not
exceeding £1.￿ to the National Assernbws assets if rt shtyJld be wouThY up while ￿ ts a Mtmbèr or wrthin
one year if ￿ ceases to ￿ a Member. for payment of Nabonal Spirrtual Assembty's debts and liabilrtiès
contracted tref9￿ he ¢eased lo ￿ a Mernter, of Ihe costs. charges and expertses of windiThJ up. and for
the adjustment of the rvJhts ofthe contrfoulories among t￿MSel*s.
APPOINThlENT OF TRUSTEES
The Trustees. who a￿ aLso kn￿ as ts Member5 and dwectus, corsist of nine Fersons chosen fr
nong Il* 8aha'ls of the Unrted who have atta1￿ the >3e of 21 and Ytho are elected by suc
Baha'55 in a rnanr￿r provkyed in its Arith of A55Ocrati￿, and who shall rwnain Members and contirtu¢ in
offic• for the per￿ of one year, or unbl their suc￿$0[5 are elected on failure to be re-elected to the
NatK)nal Spiritual A5sèmbty. shall ￿a$* to be a Member.
The offKers of the Natk)nal Spiritual A85embty con*st of Chaimian, VI￿-(ha￿m8n. Secretary aTrJ
Trèasurer, and such other offThrs as may be found necessary for ￿ prcp8r c￿duCt of ts affairs. The
officers are elecled by majorty vote of all Memb*w5 takén by secret ballot.
ORGANISATIONAL STRUCTURE
The ASSem￿Y or board of trustee5 of nire mernber5 admintststs the chanty. The Assembly meets
pproximat*ty èv•ry month. Thtrm a￿ age￿1*$, commrttees and counri& whKh m•*t regularfy. A Secretary
elected by the Assembly as its executi¥e offt(*r to manage the day to ijay operathorts ol charity. A
Treasurèr is •￿¢t•d by th• truSt￿S lo manage rts f4)anoal affw'rs.
TRLISTEE INDUCTION AND TRAINING
New Members uThJergo an onentation to brief thwn on tsir W obligalths uThlef ¢*arty anLI company law.
the content of thè Mèmorandkm and Arb"des of Assoaation. the Assembty's dec15ion making proc•ss•s and
its current plans aTrY aCtiv￿e$. During the induction they rneet key empbyees and other Members. Plemter5
are encouraged to attènd apprcpnate exiemal trairing events where tlw bèl*v• this will asstst in the
fuifiknent of their rde.
Tho chanty adopts a pay sca* structwe whKh 15 benthmawked to oth•r tharrt*s and is ￿￿ated every three
years using the T￿r$ Vvatson saLary critsria.
The ¢harty encourages indiwduals to consthr how ￿Y can Se￿ ts Faitti and many offer their tmè
sacrificially. The Truslees we 9ratelul for ts'r Imne and ¢cffitrthrtK)ns to advart8 the Cause.
RISK STATEMENT
Ths have examMiÉd th• major OFerats)nal ri8ks which ts ¢h8ritable tX*mpany I￿$ and eonfffti
Ihat systems have been eSta￿i8hed so Ihat ts rEc*ssary steps can be tsken to reduc* these risks.
REFERENCE AND ADhllNISTRA TIVE DETAILS
Reglst•rod Cornpany numb•r
355737 IEngLand aThJ Wa￿)
Reglstered Charity number
250851
Page 5

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOIA
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
Reglstered offic•
27 Rutland Ga¢e
London
11PD
Trust••s
Trust••$ information
Vw CravJ
VKÈndi Momen
Patrith O'mara
Dr Vafa Ram
Darran Smith
OlingaTahzib
Robert ￿￿nberg
Or Shyin Fozdar-Foroudi
Dr R¢)nnie Youselzadeh-Bindr¥
Marco Mil
Relwed 2ZQ4r2022
{Secxetaryl
(Treaswer)
(Charl
(Vth Chw)
23KHrd022
Company Se¢r•tsry
P O'mara
Audltors
DNG Oove N8ish LLP, Statutw Awjttor
Ea9￿ House
28 Billi￿ Road
Northampton
NN1 5AJ
Day to day rnanagemtrrrt of ts tharty 15 entrusted to ts chi•f •x•cutN• officer. the Secrnt*y, Patrid
O'mara, and the Treasurer. Darren Smrth.
STATEMENT OF TRUSTEES. RESPONSIBILMES
The trusia¢s (who a￿ also direclors of Nati(￿al Spirilual Assambly of th* Baha'is of ihè Unrtéd Kngdcyn
for the purposes ol company lawl ar• r•spons*Ae fer weparirg the Report of the Trustees and the finawal
slaiernents in accordance with appl￿b￿ law and United ￿n9￿orn Ac￿UntIng Stsndards Iunibj Kingdom
Generally Accepted Accounting Prath"c*l.
Cornpany law requires the InBtees to prepa￿ f￿a￿l91 slaternents ts each finanval year whKh give a twe
and fair view ol tht state ol affairs of the Chayrtab￿ eompany aTh1 of the incoming osources and applicabon
of rèsour¢e$. induding Ihe inc(Kne and expenrjilure. of ￿ Charitable corryany fry I￿1 ￿r￿)d. In wep8￿9
those fina￿al stst8ments, the trust•t5 art requirnd to
s•lect suitable ￿COUntin9 poli￿$ aTrJ appty g)nwstenty."
observe the methods aTra pri￿p￿S in Ihè Chanty SORP."
maktr judgernents and ¢5tirnates that are ￿SOnab￿ znd
prepare the financial statements on the going COn￿M basis unkss inappropflate to presume that th•
charitab￿ cornpany will Gonbnue in bu&ness.
Pa9e 6

NATIONAL SPIRITUAL A&SEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOM
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEIABER 2022
STATEMENT OF TRUSTEES. RESPONSIBILMES - continued
The trustees arè responsible for keeping proper aczountiry re￿rdS disck)se reasonal)l¢ •C¢u￿Y
at any ts'me the finan¢ial p05th.on of the Gharitable company to enab￿ thèm to er)sure that the finanryal
statements compty with the Compan*s Act 20rJ6. They are a150 rewnSIb￿ for safeguardiry the assèts of
thg ¢hari¢aWe Company and her￿e ts lakiwvJ reasonablè steps lor Ihe pm•nts"on and detection of fraud and
other Irregulant*s
In so far as Ihe trustees are awa￿.
th8r• is no r81evant atyjit infom)ab"on 01w￿¢h the thaTilaWe oJryan*s awjitors are
naware". and
the trustees have taken all steps that thoy 0￿ht to have taken to make 1hernse￿e$ aware of any relevant
udr( inlamiation and io eslablish that the audrtors are aware of that infom)th"on.
AUWORS
The aLklitor3. DNG Dova Nath LLP. Sl¥lutw A￿Jit￿. T*rill t* pfgposod re.apwntment at the
forthcomlng Annual Ge￿ra1 M••ts"n9.
Cfj June 2023
Approved by ort1•r of th8 boa￿ oftrusts&S crf .................................. .... ... and ￿ned on its behall by..
P O'M8ra- Tw5tee
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
14AMONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOM
Oplnlon
We have auotsd the financi4 statements of National ￿rrtual Assernbty of the Baha'is of the Lknrted
Kingdorn lthe chaIrtab￿ conpany) for the ye* ended 31 0v2mber 2022 whKh comprise the Ststement of
Financial Activities, the Statement of Finanual Posilion. the Statement of Cash Flows and notes to the
n￿cial State￿Ents. incluth.ng a gJmmary of ggnrtant a(tounb"ng poIKies. The finanual reporting
framework that has been applied n their preparab.on is applicable law and United KJ"ngdcm Ac£ounb"ng
Standards (Unrted ￿ngdorn Generalty Accepled A¢￿un￿.nu Pracbcel.
In our opmiion the ststem
&¥vg a true f•r view oflhe stste oflh8 charl￿e companfs aff*r5 95 at 31 December 2022 and of rts
incomi)g resources and aOi¢ab"on of fesources. induthng rts income ¥)¢ eXPend￿tre. for 1he year then
ended..
have been prcperfy prep¥•d in Kcordance ￿1h Unrted lQ"ngdom Generalty Accepted Accounbng
Pracke,. and
have been preparod in >xordarte wth the rew*ements ofthe Comp￿leS Ad 20￿.
Basls for oplnlon
We conducted our audrt in xcOr￿e wlh 1ntemath.onal Standard5 on Auth"no IUKI IISAS IUKII and
applicable law. 04Jr respor6its"lrt"Jes under those SI￿(18Tts are futher des¢ribed in the A￿d￿tOrS.
responsibilities for the aut1it of Ihe finanual statements secbon of our report We are ndependent of Ihe
Charitable Company in a￿Ord￿Ce wrth Ihe elh￿OI r¢quirements that are relevant to our aud￿1 of Ihg finanth&l
ststements in the UK. IF￿lUth.ng the FRC'S Eth￿81 Standard. we have fuffilled our other eth￿al
responsibilib.es in ￿e0rdar￿e wth these reqUire￿nts. We believe that the au&t evioence we hav
obtsined 15 sufficient and appropriate to prowde a bass for our opinion.
Conelu$lons f•la￿ng ID golng conc•m
Irs audibng the ffinwal *atements, we have ¢￿d￿ded that the Intstees. Use of the gO￿g co￿eM basis of
counts.ng in the prepar*"on of the fin•Kial ststemehts is 4)pfowiate.
B8sed on the work we have performed. we have not identsfied any rnaterial uncertainb.es relating to events or
con￿rt￿n$ that. in¢ivi¢Juaty or cdlectivety, may ¢ast Sign￿cant doubt M the charrta￿e companrfs ability to
conbnue as a going concem for a period vf at least tsvelve nx*nlts from when the finanoa statements
authorised for tssue.
Our resp￿511¥11￿es the reSpon9￿.1￿eS of the InEteos ￿ rtspect to going concom described in Ihe
relevant seth.ons ofthis report
Othei Inforn￿￿On
rhe trustees are respow￿8 for th• other I￿O￿atr.￿. Th• oth•r 1nforrr￿tTrtin COM￿SeS th• inlormth.on
included in the Annual Rep¢x¢ other tran the ffinancial statements our Report of the Independent
tditors ther￿￿_
Our ownion on the financial stalernents doe5 not cover the other ¢nformation ￿d, except to the extent
othe￿iSe expliThUy stated in our reprt we ijo not exFYes5 any form of a&surance condu5ion IhEreon.
In connection our audit ol the ffin￿￿1 st*m•nts, iesponsibilfy is to r•ad th• oth•r rformabon
and, in doing so, Consider %thelher the other informab'on is Material￿ Inconsistent ￿th 1he financial
staternents or our knowledge obtained in Ihe autht or olher*ise 4>pears to be materialy rri5Stated If we
idenbfy gJth material incony5tenaes or apparent rnaterial misstatements, we are required to determine
whether this wves rise to a material mBstatement in the finanual ststements themselves. If. based on the
WDrk we have performed, we corrtlude that there i% a material mi55t3tement of this other information, we are
required to report Ihat Ixt We have nothing to rewtin If#s regwd.
Paotr 8

REPORT OF THE INOEPENDENT AUDITORS TO THE MEMBERS OF
NATIONAL SPIRITUALASSEMeLY OF THE
BAHA'IS OF THE UNITED KINGDOM
Oplnlons on olher matte15 prescrfl*d by the Companles Act 2006
In our ownion. based M the work undertaken in Ihe course ofthe aJd
the inforrnation given in the Report oflhe Trustee5 for the fin￿¢1* year for whth the finan￿81 staternents
are prepared is conststent wih the fina￿14 slatements,
1he Report crf the Trustees ha5 been wep¥ed in ACCwda￿e wrth wgplieabbe legal requwements
Matters en whleh we are requlred to report by exceplkni
In the light of the knowledge anLI understanding of the chantsble coftwany and ib environment obts￿ed in
Ihe course ofthe audrt. we have not idents.fjed materi* rn1￿rntnts in the Report of the Trust•es.
We have nolhing to report in respect of Ihe folty•Mng rrAtt•rs where the Companiès Act 2006 r•quir•s us to
report to you rf. in our opini¢yi".
adequats *counting record5 h8¥e not been kept or retwns •Jewats for our hav¢ ngt ￿?￿
received from branches not visited by u5.. or
the financial statements are not in aweementwrth the act0v￿1￿ records retums,. t*
ertan disclosures ol tnjstees. rerwnerab.on specffied by l• are not made., or
we have not received all the informats.on and explanab.ons we require for our ￿dItr, or
the tru5teos were not enbled to take ajvantage of the Small ¢ompanies exempbon frorn the re¢wirement
to prepare a Strale9i¢ Report or in prep¥in9 the Report tsfthe TDJstees.
Responslblllttes of trusttts
As explained rnore fvlty in the Ststement of T￿￿1885. ReSpons*)il￿.e5. Ihe trustees (who are 8lso the
directors of Ihe Charits￿e cortyany for the purposes of Company la¥Y} are reSp￿¥ble for the preparation Df
the financial staternents and for ￿n9 sab"sfied Ihat they give a true fair view. and for such internal
contrcl as Ihe trustees determine B neceswy to enable the prepwab"¢)n of finarKial slatements that ¥e free
from rnaterial misstatement, whether due to frwjd or error.
In preparing Ihe finanaal statements, the trustees are responsible for assessing the charrtable company's
abilty to conts.nue a5 a going coKem, disdosing, as applicable, matters related to going concem and usng
the going concem b*5 of x¢ounting unless the trustee5 ether intend to ts"quidate Ihe charilable cOmp￿Y
to cease operafr'ons, or have no reali51K altemative trxrt to do so.
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE AIEMBERS OF
NATIONAL SPIRITUAL ASSEMBLY OF The
BAHA'IS OF THE UNITED KINGDOM
Our responslbllltles ft>r the audlt af the 11nanclal slaternents
Our objecb'ves are to obt•'n re850nable assur￿Ce ajoul whethef the fin*)eial statements as a bvhole are
free from materiol misstAtemerrt, whether due to frwd or error. to Bsue a Report of the Independent
Audrtors that I￿ludeS wr opinion. Reasonable as￿ra￿e is a high level of 8ssura)ee. but ts not a
guarantee thot an audrt t￿￿j¢ted in a¢¢Ofdance wth ISAS IUKI will aNvays detect a materia misstatement
when it ¢xists. Mis$tstements Can arise frorn fraud or errol are COn￿dered material rf, inthvidually or in
the aggregate, they t¢uld reasen*ly be expected to the ecanoffdc ¢knsions of users taken on the
basis of these financaal Statern￿ts.
The extent tD our proce￿r¢S ¥e ￿pots￿ of detecb.ng irrewlarrffres, including fraud ts dètaled bel¢)w'.
We obtained an understsnthng of the legal and rewlatory frarneworks wthin whicth the charity operates.
I¢xusing on those laws regulatioThs that ha¥e a Ore¢l effect on the deterrninab.on of material amounts
nd dtsclosures in Ihe fin￿ry81 ststements. The laws and regvl*"on5 we considered in this context were the
chanb.es Ad 2011, Unrted ￿"ngdorn Generlty A¢¢epted A¢¢t￿nts"n9 Practre and rdevant Taxab"on
legi￿atiOn.
We identified the greatest risk of materi* imW on Ihe fift￿tial statements from i￿e￿I¥l￿e8. Inclu(ling
fraud, to tse the overrKle of c¢ntrols by management ?nd the understatement of revenue. Our audrt
procedures to respond to these rtsks i￿lJded enquiries of managernent aboLrt their own identthcatson and
assessment of Ihe rists of irregularib"es, sample testing on Ihe posb.ng of Joumals. revie%*ing Meeting
minutes. regulatory correspondence and profes*onal fees. detailed substantive tesb.ng on the completeness
of I￿Ome. and rewewing *ceunts"ng estimates thy ￿'aSeS. will also review the wlatory
correSponder￿8 wilh the Charity Commission.
ing to Ihe inherent liwritatscffis of an av¢S( there an unav¢Jidabl• risk thal w• may not have detected
Some material misststements ￿ the finantial statements. even thou¥th we h8ve properfy planned and
performed our audrt in accordance *Jd￿"n9 ts)dards We Are not reskKJnsible for preventing
non-com￿l•￿e ￿nn0t be expected to ijetect nOr￿complI￿¢e wilh all and regulations
These Inherent Iimrtat¢rts ae Part￿larty ￿gn￿￿an1 in the case of mBstatement resultrng from fraud as this
may involve sophisticatsd sthernes designed to avoid deteth"on. in¢luding deliberate fa￿U￿¥ to record
tran￿trOn$. collusion N the provigon of intenbonal misrepresentations.
A futher des¢ription of respor6bilrties lor the audil of Ihe fina￿14 gatements is I￿ated on Ihe Financi
Reportw)g Council s websrte at vrnw.frc.org.uWauthtorsresponstJilib"es. This descrwjn foms of our
Report ofthe Independent Audit￿S.
Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NATIONAL SPIRITUAL ASSEMBLY OF ThE
BAHA'IS OF THE UNITED KINGDOM
Use of our report
This report is made solely to the chantsue company's mombws. as a borty. in s￿ordanCe wilh Chapter 3 of
Part 16 of the Companies Acl 2CQ6. Our audrt work has been undertaken so that we Might stste to the
¢haritable cornpafty's members th¢)se matters we ¥e ￿ty1red to stste to Ihern in an audrtors, report and for
no other purpose To Ihe fijllest extent permitied by law, we do not ￿p1 or assume responsibility to
anyone other than the charrtable coftwany a)d the charrtable companys mertlers a5 ? body, for our audit
work. for this rep¢ft or for the opinions we have fomied.
Andrew Clrfford (Senior StatyJt￿Y Avth'torl
for and on behaf of DNG Dove Naish LLP. Stabjtory Au¢
Eagle House
28 Billing Road
Northampton
NN15AJ
Date". 13 June 2023
Page 11

NATKINAL SPIRITUAL ASSEM8LY OF THE
BAHA'IS OF THE UNITED KINGOO
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME ANO ExpeNCMTURE ACCOVMT}
FOR THE YEAR ENDED 31 oe¢EM8ER 2022
2022
Totsl
Jnd5
2021
Totsl
fund$
Unrestrthd R•strictsd
funds
nds
INCOME AND ENDOWMEMTS FROIII
DonatKJrts and kgaoes
2.695.895
4.164.8
6,860.791
8,251.812
Chorllabl? athltlos
Guardian's RestiThJ Place
Plol fees
19.927
19.927
42,186
9.084
46.042
42.186
Othèr tr•aiwyJ •¢tivit
Investrnent ir￿orne
20,493
20.493
28,927
J.475
1.079
Total
2.844.479
4.185.9J2
EXPENDITURE ON
Raising lunds
27,829
43,005
Charltabl* aclivltles
Intematsonal hjnds
Guardian's Resting Place
confe￿nCeS
Schools
Regional acty'vib'es- te￿hIng aThJ trainirvJ
Communty development
OrganisalK)n of ￿￿MUnIty acbvit
Exiemal affaifs
ProFerty Costs
Depreciation
Au¢Jitors remuwation
Local Spiritual Assemblies
Deputisation
978,815
3.239,534
160,159
4,218,349
160,159
473,601
216.C67
510.287
40.626
eA)1.259
95.CM)4
608.139
147.205
15,610
193.762
5,467.076
58.128
473.601
216.C*7
335,386
537.929
32,1C6
735.233
129.679
640.498
147.21XS
15,121
405,461
510,227
40.626
620,9)8
119,6491
576.681
133.156
15.610
31,458
14.049
193.762
Totsl
3 472 457
85737f
Net gainslllossesl on investments
1.252.278)
1.257.124
NET INCOMEI{EXPENOITURE}
Trnnsl•Ys botr•8fi funds
11.880.256)
30,1141
345,616
30.114
11.534,6401
413.085
21
Net Mov¢n￿nt In fund•
11,910.3701
375.730
11.534,6401
413.085
RECONCILIATION OF FUNDS
Tolal lunds brgLBht lO￿a
10.675.209
3,085,643 13,760,852
13.347.767
TOTAL FUNDS CARRIED FORWARD
3 461.373
12 226.212
13.760.852
The notes fcrfm part ofthese financial statements
Page 12

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF ThE UNITeo KIMGDOII
STATEMENT OF FINANCLAL posmoN
31 DECEMBER 2022
2022
Total
funds
2021
Totsl
funds
UnrEsIr￿d Restr￿¢¢￿
funds
funds
Notes
FIXED ASSETS
Tawible assets
Investments
Investments
Investment proFerty
13 4.377.142
614.949
4.992.091
5,139.296
14 3.544.997
1S
1.953 323
1.341,856
717.828
4,886.853
2671 151
5,855.422
2 870.(KJO
9,875.462
2.674.633 12,550,095
13.664,718
CURRENT ASSETS
Slgck5
16
17
62.801
149.142
1 577 962
62.801
149.142
2 371 443
50.178
838,925
2 703 401
C05h at barth aThJ in h￿d
1.189.￿]5
793,481
2,583,386
3.592,502
CREDITORS
Amounts Falling due within one year
18 {2,￿,528)
{6.7411 12.S¥)7,2691 13,121,368)
NET CURRENT ASSETS
1,110.6231
786.740
323.8831
d71.134
TOTAL ASSETS LESS CURREMT
UA8ILITIES
8.764.839
3.461.373
12.226.212
14.135.852
CREDITORS
Amounts lalling after rnortr than year 19
1375.0001
NET ASSETS
8 764 839
3 461 373
12 226 212
13 760 852
FUNDS
Unrestricted fvnds
Restrictsd fvn¢J$
21
8,764,839
3 461 373
10.675.209
3 085 643
TOTAL FUNDS
12.228 212 13.760 852
The notes fc¥m wt oflhe5e fwwntyal slaterrents
Page 13
Jntinu&J...

NATIONAL SPIRtruAL ASSEAIBLY OF THE
BAHA'IS OF THE UNITED KINGDO
STATEMENT OF FINANCIAL posmoM- ¢ontlnued
31 DECEIIJBER 2022
These fina￿14 statwnents ha* been in accordanre Iho provisions •ppl1¢0b￿ to charrtab
companies suty.ect to small cofflpan￿ r69im.
I ststements were approved by ts Board of T￿￿tee5 ar¥J aUlhOr￿ for i5suo on
. aTrJ wère signed on its bèham by".
P ONara- Trustee
D Smith- Trusteè
The notes ftym part ofts3e finaw815tatements
Pa9e 14

NATK>NAL SPIRITUAL ASSEMBLY OF THE
BAHA.￿ OF THE UNITED KINGDO
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEAIBER 2022
2022
2021
Cash flow8 from operatsn9 a￿1¥1111¥
Cash generated from operations
Net cash provid*J byllused inl 0￿rab"r￿j acbMtE3
Co$h flows from in¥e¥tin9 oclivitytys
Purchase ol fixed asset inveslrnents
Acquisitian of in￿s￿rent propè
Sale of fixed assel lnves1rnent￿prope1ty
Interost rerxved
DivideThas re￿IVed
116.0521
1275,OCQI
1602.7331
873
1,670
Net cash usod in investing actMtEs
597 330
Chang• In Cash and rA$h •qul¥ohnts
In th• r•porting period
Cash and ¢a$h equbv41ents 4¢ the
beglnnlng of the reporung perlod
1194.8301
1804.2281
3 370 501
Cash and cash •qufvalents at th• •nd
ofthè reporting ￿liOd
2,566.273
The r￿leS fonn m ofttEse finanoal stalements
Page 15

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITEO KINGDO
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YeAR ENDED 31 DECEMBER 2022
RECONCILIATION OF NET (EXPENDITURE￿INCOv￿E TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2022
2021
N•t l•xpendlture)fincorne for th• r•porting p•riod las p•r th•
statemtnt ol Financi•l Adivili•s1
Adjustments for.
DeKVeciatsC￿ charges
Lossesllgoinl on ￿¥t$￿￿ents
Intèrnst received
Dwidend5 recewed
Ilnuèasey¢*crease in stocks
DeCreaselli￿re0sQ) in tsbtors
IDeuèaseYI￿rea$e in txetJiNs
{1.534.640}
413,085
147.205
1,2S7.124
18731
{3,1181
112.625)
689.763
451 971
147,206
1560,5111
11.6701
13,7331
23.160
1735.1721
510 737
N•t talh provid•d byllus•d in) OP•Atiorr*
206 898
ANALYSIS OF CASH APID CASH EQUIVALENTS
2022
2021
Cash in hand
NotiTr deposrts I￿$$ than 3 months)
Overdrafts Induded in bank knans and obtrdraft5 falliTrJ du• w*hin e
year
187
2.371.2
2,294
2.701, 107
137.128
Totsl cash and cash equNaknts
2 371.443
2.566,273
ANALYSIS OF CHANGES 14 NET FUNDS
At 111122
Cash flty¥
At 31112122
N•t eash
Cash at bank and in hand
Bank overdraft
2.703.401
137 128
1331.958)
137 128
2.371.443
2 566 273 ￿194 6301 2 371443
Total
2 566 273 2 371443
The noies fomi w ofthe3e fmart¢ial statement$
Page16

IIA TIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITEO KINGDOM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUP￿ING POUCIES
Basis ol pweparing th• Iln•n¢lal $tat•m•nts
The finanThal statements of thè tharitable eCffl￿y, whieh is ¥ public benefft eth.ty under FRS 102.
have been prepared in accordance wrth the Charities SORP IFRS 1021'Ac￿UntlTrJ and R8port"ng by
Charitres.. Staternent of Recornmended Practice ap￿1¢ab￿ to charits.es ￿eparIrrtj ther accounts in
accordance V*th the Financial Reporting Standard ap￿1¢able in the UK and Republic of Ireland IFRS
1021 leffeC￿Ve 1 January 20191.. Financbal RÈpthng Starndard 102 'The Financial Reporting Standard
applicable in the UK a￿$ Republic of Ireland. and the Companves Ad 2C(fj. Thè financial ststements
have been prepareil under the hislwical cost conventK)n. wrth the excepbon of inv•strn8nts whrh are
includvj at mathet valL*, as modif*d by the ￿ValUatiOn of ￿rtain assets.
NalKJnal Spintval ASseM￿Y of the Baha'ls of the UK is a tharty. wistered n Ergla￿l and Walgs.
The ¢harity's number and regislered 0f￿e addre55 can be I￿nd on th• Company Infomiation page.
The pres¢ntsliw curT8ncy olthe ffinanc¥l st*ments is th8 PouTra Sterfing 1£).
The truslees hal￿ ¢￿￿bered a FeriTrJ of 12 months Ihe d* ol opwoval of t1￿$8 finar￿la1
statements an¢J have a ￿asOnable expeclabon that the charty has adequate re50urce5 to ¢ontinu& in
jerational existenc? for fr￿¢See8b￿ fvture Thus they ¢CffiIin￿ to adcyt the g(Mng concem basi
of accounting in weparing the anrwAI f•)antial statwnents.
Income
Al incomè is recc¥Jnised in the Ststèmenl of Finanoal Acti￿t*S once the charity has enlitlement to the
funds, it v& probab* that irKome wil be r￿trYed aThJ the amount can mèasur*d r•liabty.
Exp•nditur•
LkqbilrtEs are Tecognised as expendth as soon as there is a legal or constructNe oblKJatKJn
comm1tting the charty to that exFend1tu￿, rt is probable that a tran$ler of ￿onom￿ benefrt5 will bè
quirÈd in setuernent the amount of thè tsbligab.on tan bè measured reliably. Expenditure i8
accounted for on an accwa6 basis and has been dassified under headings that aggregate all cost
rtLat•d to thè category. Wherè Costs cannot te directy allributed to partular ￿adIr￿S they have
been allcKated to activitses on a basis cor￿￿tent with the use of resouT¢*$.
Alloeatlon Ind apportlonmgnt of costs
Costs are allocatsd on an actsvty basis.
Tan9lble fixed a55ets
Depreciation is provKJerJ at followiThJ annual rales in ￿der to write off eath 8ssèt ovèr ts
estirnated usefvl lrfe.
Fwhokj
2%onc
Fixed assets are stated at cost ￿ acoJmukt&J depreciati.on anc¢ a￿uMulated impairment los$&s.
rè parts of an item of property. plant and quiprn8nt ha* dther•nt us•lul li¥e5, they are
accounted for as separate rtems of property, plant arK1 equiwent.
(￿p￿clatIOn methods. useful lffts ar¥J resKlual values a￿ rev**ed at eactt balan￿ sheet date. Tl
selection of these resKlual values and estirna￿ lives require5 the exer¢t5e of judgement. The
d1￿ctOrS ar• rÈquired to assess whether there is an inditat*Jn tsf impaiment to the carry1r￿￿ value of
assets. In making Ihat assessment. I￿ements are rnade in estimaty'ng value in use. The di￿￿0
CL)r￿Ider Ihat the indN#Jual carryirs values of assets we swportab* by tsEir value in use.
Page 17
¢ontinued...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGCK)
NOTES TO THE FINANCIAL STATEMENTS - ￿ntInU#d
FOR THE YEAR ENDED 31 DECEIABER 2022
ACCOUNTING POLICIES - ¢ontinyed
Inv•$kn•nts
Inve5trnents which are hekl frjr the l¢xwJ temi are incknJ&J in the ffinancial slal¢m•ntS Ot market value.
Inveslments are hekl for specific purpose of prowdiThJ income to support the charitys wo￿.
Inv•stm•nt prop•rty
Investment property is shcfivn at most recent valuabon. Ary ag9reg*e surplus or deT￿rt arising Irom
tharoes in mathel value 15 Sho￿ a5 gain5 Qr k555e5 in the Statsment of Financial Act1wt￿S.
Stocks
Stocks am Valued at the lo**r of cost and nèt Tealisable value. after making due allow#nc* for
obsolete and SI￿ movir%J items. C051 indude5 all {Ji￿cl exFeftdrtur¢ arnl an appfopriate proportion ol
fixed and variable ovetheads. W realtsab￿ ValL￿ Is based ￿ estmated sellin9 pric* knss ¥ny fvrlher
costs expected to be ncurred lo cimnpjetyon and dwosal.
TaxatS0
The ¢harAy Ys exeryl frr*n ¢orpor8lion tax on it5 chariablè %tMtEs.
Fund accounting
Un￿striCted funds can te used in xcrydance wilh the d￿ri￿se obj8¢￿S ai the dISc￿￿)n ol the
tru$t8e5.
De*gnated fij￿1$ amtyjnts wh￿h ha￿ ￿an set as¥Je at the discrelb)n of the trustees for SFecihc
but not binding purFoses.
Restrictsd lunds cw onty be used for partrukr ￿$tricted purp05¢S Wrthin tht obpcts of the charity.
Restri¢tion$ ariw when $pecifvd by th& donof or w￿n luTrJs are rats￿ for part￿VIar restrthd
pu￿OSe$
Further explanatyon of ts Dature and purpose ol each fvTrd is iftdLh￿ in the notes to the financAal
$t*mènts.
FSnanclal instruments
Cash and cash equivalènts in lh8 balance sheet compyise cash at banks and hand and short temi
deposts with an owinal maturty ¢Jate ol Ihree monlhs w kss.
Debtors aThJ treditots wth no 5181ed Inte￿St rnte and f￿Nable or payable vthin one year are
r&corded at transaction pr￿0. Any losses artsing fr￿￿ irryainnent are re￿ni5*d ￿ th• statemènt of
¢omwhensive incom¢ und8r *Jministrats¥t expens¢s.
Finan¢wl liabilrt*$ and instruments arn ¢lassfied accordiThJ to the S(thtan￿ of the contractual
arrangements ente￿ into. An equity instrumenl is any contract thal e¥kden￿5 ? fgsKJual interest in
the assets of the enb'ty after ¢Jeducting all of its financ4al 148tylitEs.
ere the contractual ￿￿tI1)nS ol finartial instruments lindudirg Sha￿ Ca￿tall arè •quNaK•nt to
similar debt instrwnent. th)se finanryal instrurnents are dassed as frnanual Iiabilibes. Finanoal
liabilth"•s are presented as such in the balanc* S￿1. Finance costs and gains or losse5 relating to
financial liabilit￿ are induded in the profft and k6s accounL FinanL* costs arè cakulated so as to
oduce a rnnslant rat? of relwn on out*andin9
P￿18
eonb"nu8d...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED IQNGDQ
NOTES TO THE FINANCIAL STATEMENTS - contlnu•d
FOR THE YEAR ENDED 31 DECEPABER 2022
ACCOUNTING POUCIES - continued
Financlal I￿t￿ments
Where tha contracbJal ternis of share capikl ¢J) not haNE a)y tern￿ meeth.ng ￿ definrtion ol a
finan¢4al liabilty then this is cl8$5eil as an equty instrument DP￿IendS * diStribut￿S relating to
equity instrurnenis a￿ ￿ebrt￿J dired to equly.
Forelgn ¢untncle8
Assets and liatslrtP5 in forewJn ¢urrencie5 are tsanslated into Stsrfing * th¢ rates of exch8rvJe ruling at
the statemènt ol finanoal posthon dale. Transactions in loreKJn oJrr•Mès arè translated into sterfing
at the rate of exchaThJe at the ¢Jate ol transaction Exchan9e d11feren￿ arè taken into account
in arriviv4 atthe OFwating resum.
Leasln9 ¢omrnS¢m•nts
Rentals applicable to cferating wthere gJbslantHIty all of the ben&ffts •nd rtsks of trwnershlp
rgmain Ihe lessor are against income as inwrred.
Penslon costs and other wt.r•tir•mènt b•Deffts
The charrtabk company optrrate5 a defined contnbution p•fts￿ 5thtrne. Contributions payabl• to
charitsble company's pe￿￿￿Tr scheme are thar9ed to the Sta¢wnent of Fin8ncial ActNilies in the
Feriod to whth Ih•y reLate.
Slgnificant jud9•m•nts and •stimatss
The preparaiion of ffftantial statements requKes Ihe use otc*rtain uittsl ¥£ounts"rrfJ •stmatÈs. It alsty
r¢quiie5 management to exeruse rts judgwnenl in Ihe Pro￿$$ of apptyi.ng the wpany accounting
poliues. Thè areas mvolwng a higher de9￿ ol ju¢Ygem•nt or Com￿*x￿, or a￿aS where
assvmptK)ns aThJ esknmates are svJnrftsnt 10 the knnc3al statements a￿ di%dc6ed wrthin the
Jividual a￿UnlIng polKres abo¥e.
DONATIONS AND LEGACIES
2022
2021
Donatior
Gift aid
Le9acies
5.741,304
735,126
6.2BO.173
733.986
1 237 653
6 860.791
8 251812
Page 19
ontinued...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNtrED KINGDO
NOTES TO THE FINANCIAL STATEIIJENTS - contlnu•d
FOR THE YEAR ENDED 31 OECEM8ER 2022
OTHER TRADING ACTIVITIES
2022
2021
Sath from divtshin
INVEsTmEP￿ IMCOME
2022
2021
Rents received
Oiv*Jends rètewed
Deposit account intere
82.993
3,118
873
85,072
3.733
INCOhlE FROM CHARITABLE ACTIVITIES
2022
2021
Actmty
Guardrdn's ResbThJ Pla￿ Guardian's RestirvJ Pla¢0
Plot lees
Plot f••s
19.927
42.186
46,042
62.113
S5,126
RAISING FUNDS
Other tr•ding activities
2ffd2
2021
Purchases ol lrterature ts resale
27.829
P￿e 20
contwiued...

NATK)NAL SPIRITUAL AssE￿Ly OF THE
BAHA'IS OF THE UNITED KINGt)oM
NOTES TO THE FINANCIAL STATEhlENTS- ¢onllnu•d
FOR THE YEAR ENDED 31 DECEMBER 2022
CHARITABLE ACTNMES COSTS
Support
costs (see
note 81
Direct
Totals
Intemabonal fvJn¢ts
Guardian's Restyn9 Pl
Conference5
Schools
Regional actsVrt￿- teathing aTrJ
trainiNJ
Cornmunity develorffienl
Organisabon ol eommur4ty xtivit
Extèmal affairs
ProFety costs
Daprèciation
Auditots wrnunefalyon
Loc81 Spiritual AssemtAies
4.218.349
1￿.]59
473,601
216.(￿7
4,218,349
160.159
473,601
216.067
510.287
S10.287
40,626
601.2S9
95,004
608.139
147.205
15,610
193 762
16.563
95.004
608,139
147.205
584,696
15,610
193.762
6 679 762
7 280 CE8
SUPPORT COSTS
Govemance
costs
Management
Finar
TotaL
Organisation of cornmunty 4¢lMtiès
Auditors remunerab.on
429,586
140,175
14.935
584,696
140 175
NET INCOMeiiExpeNDITURE)
Net 1r￿orne11eXpendrtU￿j is stated after charg1ntylcred￿ryj..
2022
2021
Audrtors, ￿m￿neratiOn
Deprecith"on- I)w￿d assets
Other operating leases
15,610
147.205
15.120
147,205
229
P•J¢21
¢ontsnuad...

NA TIONAL SPIRITUAL ASSEIABLY OF THE
BAHA'IS OF THE UNITEO KINGDOM
NOTES TO THE FINANCIAL STATEMENTS - eonllnutd
FOR THE YEAR ENDED 31 DECEMBER 2022
10. TRUSTEES. REMUNERATION AND BENEFITS
Dunry the year £3.207 12021". £8.6101 wè5 paij to R Bin(kn. Thts is pemrtted by the goveming
docum8nt ol the chanty.
Trust••s' •xp••N•s
During the year 6 trustees 12021" 31, befflg directots of the thaiitabk cDrry)any. re¢*iv¢d £10.691
12021 £2.8801 fr*r re1M￿TreMent tsf trxpense5 for hotel and tra%tl costs.
11. STAFF COSTS
2022
2021
Wages and salaries
Social secunty costs
Other penwin costs
1.142,333 1,138,914
95,882
99.589
1 319920 1 319618
Th• k•y manag•m•nt ￿TSonn￿ are ccffl5thred to be the Trustees onty.
Th• average mcrthty number of•M￿0Y•e5 yew was as blbws..
2022
2021
49
Ern￿Oyed slaff
No empbyeeg received emoknments in exc¥ss of£60.CQ).
12. COMPARATIVES FOR THE STATEIAENT OF FINANCIAL ACTIVITIES
Unrestrict•d R•strthd
frjnds
Ind5
Tolal
ndg
INCOME AND ENOOWMENTS FROPA
DonatKJns and kgaryes
2.739,625
5.512.187
8.251,812
Charllable a¢tlvit•es
Guardian's RestirvJ Place
Pbt lees
9,084
46,042
9,084
46,042
Olher tradiThJ activiti
Investment iwne
28.927
28.927
9299
Total
5 $21 486
8 426 340
EXPENDITURE ON
Rai9￿g fvrbys
43,CXJ5
43.flJ5
Charitsble activilie¥
Intsrnatsonal lunds
1.084.397
4,382,679
5.467.076
Page 22
continuèd...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEIABER 2022
1Z COIIIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES- contlnued
Unrestncled R&strithd
lunds
funLts
Totsl
fund$
Guardian's Resb"r*J
S¢hooLs
Regional activibes- teathing ar*J trainirrfj
Comrnunity developNn•nt
Organisation of ccrfnmunity 4¢11
Exlemal affai
Propety costs
Depreci*"on
Auditors rernureratsjn
Local Spiritual Assemb
Doputisat*Jn
$8,128
235
537,929
32,1L
713.918
129.679
370,095
133.157
15.121
58.128
335.386
537.929
32.11
735.233
129.679
640.498
147.206
15,121
405,461
335,151
21.315
270.403
14,049
4C6,461
26 938
T•t*l
3.117.770
8 573 766
Net gairts on in¥eslments
4e6.412
94.099
NET INCOME
Transfers belw•en fvnds
253.496
185016
159,589
185.016
413.065
N¢t rnovgment In fvnd•
344.605
413.085
RECONCILIATION OF FUNDS
Total lunds brgught loThArd
10.6C6.729
2,741,038
13.347.767
TOTAL FUNDS CARRIED FORWARD
10 675 209
13760852
13. TANGIBLE FIXED ASSETS
Freehold
COST
At 1 January 2022 and
31 December 2022
7 404.267
DEPRECIATION
Al 1 January 2022
Charge lor yèar
2,264,971
147.205
At 31 D$¢smber 2022
2.412.176
NET BOOK VALUE
At31 Oe£8m￿r 2022
4,992.C61
At 31 Decembor 2021
5 1392g6
P4e 23
continued...

NA TIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITEO KINGDOM
NOTES TO THE FINANc￿L STATEPAENTS - conllTrued
FOR THE YEAR ENDED 31 DECEMBER 2022
13. TANGIBLE FIXED ASSETS- tontlnu
I￿l￿ded in cosl ￿ Valuath￿ of buikJiTrJs iq I￿ee￿￿ of £44.OCQ {2021 - £44,CK)01 which
not deprocrated.
The Charrtab￿ c￿￿panY has taken knant•3è of the tranSitic￿al prowsbyts of FRS 102 in relation to
tangible fixed assets Frorn Ihe date of 1ransrt￿. a5set5 prevTrJu51y accwnted for on a revaluats.on
basis are Instead accounted for on a cost basis. u&r¥J the r*t boc4 value at trar6rtion as deemed
cKJst.
In respeci ol assets slated at valuat1￿. ts r￿parab￿ c05t and d¢preciation val￿$ are as
N8V on MBV based
thi¥torl¢al on r•valu•d
Cost D•prn¢latlon ¢o•t basis
amounts
Rutland Gate. London
3 Langdale Road, LNerptsJl
Ilow Island Iland}
Widalord Hill. St Ok. Isles
1i8ndl
735.744
36.952
529,737
19.
2C6,007
17.046
2,100,000
80,600
8.000
549 643
224 053
2 224 600
Propertlès t￿￿ in trust the Unws* House of Ju¥h¢*:
99 Marshall's Close. New Soutrwe. London- stated at COSi- £94,800
PrOFert￿ ￿ld in trust for the Afnan Léjrary Trust
Thè Old cha￿1, 14 P*asant Pl7￿. Saryty- Stat￿ at cost £289,046
14. FIXEO ASSET INVESTMENTS
Lisbj
Unlk%ted
W1￿￿18nts investments
Totals
IAARKET VALUE
At 1 January 2022
Athjitions
Oispo5ats
RevaluatKJns
5.768.8Cfj
16,052
11.3471
993,6981
86.616
5,855.422
16.052
11.34n
983.274
10.424
At 31 Decen*•r 2￿22
4 789 813
4.886 853
NET BOOK VALUE
At 31 t)ecemter 2022
4789813
4 886 853
At 31 D￿ernter 2￿21
5 855 422
The￿ wer• no In¥estment assets ￿jts￿1e the UK.
Unlistsd investsnents are $tated at rno￿t Va￿ at ts year eTrd. The cost of th8 in￿$tr￿Ent IS
£Sfj,542.
Pagè 24
continued...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KIMGDOIIJ
NOTES TO THE FINANCIAL STATEhlENTS . ¢onllnu•d
FOR THE YEAR ENOED 31 DECEVXER 2022
16. IMVESTMENT PROPERTY
FAIR VALUE
At 1 January 2022
Additio
R9V￿Uat￿n
2,670,c￿0
275.000
273 849
At 31 Detemt*r 2022
2671 151
NET BOOK VALUE
At 31 DecÉmber 2022
2.671,151
At 31 Daeembw 2021
2 670 000
Fair value at 31 De￿Trknr 21r22 ks represen￿ by..
Valuaticffj in 2022
Valuation In 2018
Valuation in 2021
Cost
1273.8491
1,312,964
1357,0241
1.989 060
2671 151
The chanVs main investrnent prq)ety was 50bJ in January 2￿23 lh¢ Valuats.￿ has teen updated
to reflèrt the price.
16. STOCKS
2022
Stoth$
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Other debtors
VAT
Prep•yments ¥¢wed incune
30,920
33.395
552
804.978
118.222
149.142
638.925
P4e 25
continued...

NA TIONAL sPIR￿UAL ASSEMBLY OF THE
BAHA'IS OF THE UNrrED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS - eonknuod
FOR THE YEAR ENOED 31 DECEMBER 2022
18. CREDITORS.. AMOUNTS FALLING DUE IWtrHIN ONE YEAR
2022
2021
Bank bans and overdrafts Is•• note 201
Trade ¢￿itorS
Social secunty and other taxes
VAT
Othof credlors
Funds hekj for othe
AcwaLq and deferr&J irthme
137,128
302.180
24,786
155.252
1223)
658
82,288
2.607.113
62 181
51,520
2.575.453
30 301
2 907 269
3 121 366
InCr￿Jed within Funds heky tr 0￿r5 Ifamirvj due wthin ore year aTrl over one yearl a￿ amounts
ieceived on behaw olother organiSat￿n$ or indmduals not reecgntsed in ihese accounts. Rèceipts for
year totalled £207,911, payments for the year totalbj £145.064 and irN•Stm•nt movèménts and
other adjustments **r•-£4C6.187
Deler￿lI income rekt•s to inccffj• r•cefftd th• yéar relates lo a¢tiwl*s taking
plac8 in the ￿xt financial yew.
Balance as at 31 Decethr 2021
Amount ￿leaSed to incornin9 ￿$0￿c¢S
Affioun¢ deferred in year
9,2
19.2CKJI
Baan¢e 83 at 31 December 2022
18,636
19. CREDITORS: AIAOUMTS FALUNG Due AFTER MORE THAN ONE YEAR
2022
2021
FuTrJs hell for others
375.000
LOANS
analy31$ ol the maturty ol loans is gNen bek)w.
2022
2021
Arnounts falling du& ¥rilhin one year on demaThJ."
Bank ¢)verdrafts
137 128
A tsehnical bank overdraft ar￿ wttere a fuTrJ k8 in defnit or where ￿ ftjnd ¢Mipri*es rnainty
ncTrc05h assels. This is not indKative OF an actual o¥erdraft facilty at ts bank
Pa9e 26
continued...

NAnoNAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS - continugd
FOR THE YEAR ENDED 31 DECEMBER 2022
MOVEMENT IN FUNDS
Net
rrKJ¥ement
in
Tiansfèts
tetween
funds
At
31112122
At 111r22
unl￿triCt+d fund5
General fund
Social Action Fund
Propefty rna1ntena￿ fvn¢J
General r85e
Caprtal projects
Growth fund
Guardian's Restin9 Place
UK Ternple Fund- DesKJnaknJ Fun¢J
Farcés Centre Fund
Funds rewesenting Worert￿ I￿k1
79J.033
5,832
39).Q)O
11.198.772)
181
181.2571
187.8411
21,911
67.172
1141,8761
1162.2741
653,379
244,640
6,013
39.613
)8.356
88.592
9W.751
115.611)
6,300
19W.002) 2.252.615
198,506
552,912
109,510
4,185 236
3.175,445
340.382
715.188
1fr3.510
4.288.821
297,SC*JI
193.915
10.675,209
11,880.2561
130,1141
8,764,839
R•slrl¢ted funds
oeputisat￿n
UK Temple Fun
Guardian's R•sts"NJ ￿ace
Paul Malcolm 8￿th Fund
Baha'i Institute of Higher Education
Intemational Funds
Faroes Centre Fund
Residential Centrè rÈs•vt
Dopartment of Health
Royal York c￿sCent Apartment
5.41
993.189
1.103.567
6.274
51.214
550.734
1140,2321
220
1381
{91.7701
19,694
14.9771
143
56,623
1,543.923
3,335
6.494
91.770
250.1CKJ
238.890
6.298
39) 10B
269,794
233.913
6,255
345.616
3 461 373
TOTAL FUNDS
12 226212
Page 27
continued...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNrrED KINGCIOAI
NOTES TO THE FINANCIAL STATEMENTS- contlnu•d
FOR THE YEAR ENDED 310ECEMBER 2022
21. MOVEMENT IN FUNDS- continuod
N8t mowdment in fvThJs. induthd in the above are as folkyw5.'
1￿mIr9
Resources
resour￿ expended
Gains and
ses
Movement
in funds
Unfosthetod funds
General fund
Social ActKJn Fund
Property rnaintenanco f￿d
General reserve
Capital projects
Gr(hVth fund
Guardian's Resb"r*J Place
UK Temple Fund- DeS￿nated Fund
FuTrJs reprg¥ents"ng ￿k1
2,369.230
181
13.070.445)
1497,5571 11,198,772)
181
181.2571
187.841}
21.911
67.172
1141,8761
1162.274
{41,9361
140,4051
190.6271
2.786
21.911
375.673
7.355
14.311
120.675}
1287.8261
1149.2311
1176.5851
2.844.479
{3.472.4571 {1.252.2781 11,880,256)
R•striet•d lunds
Deputisation
UK Temple Fund
Gvarijian's Re5tirYJ place
Paul Malcolrn Booth Fund
Baha'i Institu￿ of HKJher E￿￿kn"
International Funds
Faroe5 Centre Fund
Residentsal Cenlre reserve
Derby MuNarth Project
D*partment of Hèalth
Lctal Spirf(ual As5ernbl
Royal YorfK Crnscerrt Apartment
51.214
550.734
19.927
51,214
550.734
1140.232
220
138)
191.7701
19.694
14,9771
1160,1YJI
216.029
3.152.610
1216,0671
13.239.534)
19,693
14,9771
1601
1441
1193,7621
14.8461
1431
193.762
39 186
4 185￿2 345616
TOTAL FUNDS
1 534,640
Page 28
ntinued...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGDOPA
NOTES TO THE FINANCIAL STATEIAEP4TS- contlnued
FOR THE YEAR ENDEO 31 DECEMBER 2022
21.
IAOVEMENT IN FUNDS - conton￿d
Comparatfjveg for movement Sn hmdi
Transfers
At
31112121
At 111121
in fvTrJs
funds
unT￿lrI￿9￿ fund8
Géneral fund
Social Action Fund
pro￿rty Ma￿t￿nanCe fun¢J
Gènèral res•wve
Caprtal projects
lund
Revaluation
Gvafdian's Restiry Hace
VK Ternple Fur¥J- DesvJnaled Fund
Belfast Temple Funds
Belfast Centre Fund
Resdential Centre reserve
Royal York c￿sCent
Faroe5 Centre Fund
Funds representing pKoperl￿s heid
1,424.514
5.572
350,C*XI
.c(Jo
17CQ.4Ck81
74,927
790,033
5,832
350.000
900,000
27,313
1.003.422
127,3131
2.172,023
2.W.449
379.482
611.941
91,248
369.378
2,010.747
113.865
109.510
3.175,445
12.Cfj8.4491
139,1001
103.245
5.945
197.1931
1142.271)
1227.1071
141,035) I1.￿9.712)
45.125
I158,9￿)
340,382
715.186
109,510
4,288,821
10.6(*,729
253,496
1185,0161 10,675.209
Restrlcted lund#
Deput￿alK)n
UK T•mpl• Fund
Guardian's ResbrMJ prac*
Paul Malcolm BcK)th Fund
Baha'i Instrtutè of HvJher Education
Intematsonal Funds
Faroes Centr• Fund
R&sidential Cenlre reseNe
Department of Hèalth
Royal York c￿scent Apartmenl
5.409
738.424
1.064.7
6.114
5.631
5,409
993,189
1,103.$67
6.274
38
91.770
250,100
238,890
6,298
254.765
157,9421
{5.$931
91,770
{21.3151
114.1541
271.415
243.e67
6.298
9.177
242 8531
233 781
2.741.038
159.589
185,016
3.085 643
TOTAL FUNDS
13.347.767
413.085
13 760,852
Page 29
continued...

NATIOIIAL SPIRITUAL ASSEMBLY OF THE
BAHATr8 OF THE UNITED K114GDOM
NOTes TO THE FINANCIAL STATEMENTS . cOn￿n￿d
FOR THE YEAR ENDED 310ECEIABER 2022
21. MOVEMENT IN FUNDS- ¢•)ntlnu•d
ComparatNe net mobEment in fuThJs. I￿[￿je￿ n the ab￿ are as folknK.'
Ir￿￿1r￿j
Resources
styjr￿ expended
Gains and
Movernent
in lund5
Unr•stri¢t•d funds
Géneral fvnd
Social Adh?n Fund
Capilal projects
GrTrth fund
Guarflian's RÈsbng Flat*
UK Temrle FuTrd- Desgnated FUTh1
8ellast TtrmF4tr Funds
8elfa5t Centre FuThl
Residential Centr8 fesèNo
Royal York Crescent
1.865,549
12,W20,871)
245,914
1709,4081
260
27.313
1.003.422
139.1001
103.245
5,945
1142.2711
141,0351
45 125
27.313
926,855
19.028
15.259
1S0.C(#Jl
158.1281
126.%7
87.986
5,945
5.464
1147.7351
141.036)
2.￿1.854 (3.117,770)
4e6.412
253.496
R•8triei•d fun
DeputBatKin
UK TeM￿e Fund
Guardian'5 Reslsng plac4
Paul Klalcolm Bty)th Fund
Baha'i Inshtute of Higher E￿￿1*￿1
Inlemational FuTrJs
Faroes Centre Fund
ReskYentr"al ceTht￿ reser¥e
Local Spiritual As5embl*s
Royal York Crescent Apartment
26.938
254.765
2,710
126.9381
254,765
160
15.5931
91,770
121.3151
114.1541
329,558
4,474.449
1335,151}
14.382.679)
121.315}
140.1211
1405.4611
244.3311
25.967
405.461
1.478
242 8531
5 455 996
5521 486 ￿ 94 099
TOTAL FUNOS
413085
Unr•strlct•d, d￿19n11•￿ funds
The Sockql Aclion Iimd may be used at ts diSCretw￿ of the Nalional Assembly for social ac*on
ojects.
Thè Propprty Maintenante Fynd r6 eslablBhed as a reserve fry maJc( wwelty maintenaneè co$ts.
Thg Gen8ro1 ReseThe is established to o)¥er thrèe months 8¥er*3e èxpeTrJiturè.
Thè Grtrwth FuTrJ ts 8stablis￿j for the prrrnolirm 8nd grry*th ofthe Baha'i c￿M￿nty.
The UK Ternp￿ Fund - DeS￿nated Fund ￿￿￿•$ents f￿J$ t*hich have been set a$Kle by the trvstees
lowards the c05t of buildiwJ a fvture Baha'i Ternp￿.
Th¢ Guardian's Resting Place - Oesgnated FWKI rep￿er*s frJnd$ which have been set aside by the
trustees for the upkeep of Ihe Guardian'$ Rosb"ng Place.
Page 30
c￿ntIlued...

NATIONAL SPIRITUAL ASSEMBLY OF ThE
BAHA'IS OF THE UNITED KINGOOM
NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued
FOR THE YEAR ENDED 31 DECEMBER 2022
21.
hlOVEMENT IN FUNDS- continu•d
The Res*Jerth'al Centre ReseTrE represents Its baignce of ftwKls rekb"NJ to ￿ new rt*￿nal training
ntre in LowerAmcoti Bicester.
The Belfast Centre Fund and Belfast TernF4e Fur¥J arg e51abI￿hed for th8 wrposè of pur￿￿$1r￿ a
Baha'i Centre and Temtye in 8eKast
The Royal YO￿ Crescent Aparbnent lurKI has been establthed ts the refvrtyshment aTrJ upkeep of
th? property.
Th¢ R¥v4luab"M fu￿1 has teen eslablr6W du& to th¢ fèvaluatth of 27 Rulland Gate and 3 Langdale
road. A yeaty adjusbnent lor Ihe deprecAkn i8 LWL
The Furttys represenb"ThJ propertw hekj was created last year to amalgamaté into onè single
destrjnated fund the follNing i￿lMoU81 designated frjnds." Royal York Cr&s(*nL R¢sbJoniial Centre
reserye. Belfast Temp￿ FuThJs, Btllast C•ntr* FuThJ and R￿alUatron fuThJ.
R•strlct•d Funds
The UK Ternp￿ FuThJ k8 esta￿l$he￿ tlxfards the cost of Iwibjirs a futtKe Baha'i Temple.
The Paul Malcdm Booth FuThJ is to K¥ovkJe sth4arShV￿ for Baha'is others on b)w incorn• to
enatle them to attend summer *inter sclhx49 and other nat￿al anLI intematKJnal galherings.
The DeputisatK)n F¢Jnd B establisw lor ttE purF¢Str ofdeputsing teachers to teach the Faith.
The Guardon'$ Resting Place Fund is e5tabli5he(F fort￿ upkeèp of the Guardian's Restrng Place.
The R•sbY•nb"al Centre Rese￿ r¢presents ffiJr*Js whth halt teen obtained for the ￿allOn of a
natKMal fraining Cent￿ ￿ Lo**r AmcotL Btistsr.
The Faroes Centre FuThJ is estabhshad frjr the purpose ol pwchasing a ce.ntre Faroe Islands.
The Intemational Fund ￿￿sents fiJThJ5 received for ts B•h•'k% Intèmatp)nal Funds and othèr
Internati￿31 Funds.
The LO¢￿ SP￿tUal AssernblEs fvnd represents fvTrJs rtcèfftd fDr Local Spinlual Ass•mbli•s.
The Na*'onal s￿ritUal Assert*k"e5 fvTrJ represents lunds re￿I￿Ed for National Spiiitual Assèmbli•s
overseas.
The Royal Yolk Cwcent Apartrwt has ¢St￿L*he￿ for the PLwchase of the èparthent aThJ
for the subwuent ￿lU￿tshment aThl Lpke8p of the LYOFWty.
The Baha'i Inthlute of Higl*r EdUCat￿)n f￿1 is used to pro¥#Je sr*olarships for educational
purpose3
The Department of heaTth fiJTh1 has •stablished for the Completion of the Btha'is Heamh Cwe
Chapl8iNcy Supp(wt Project.
The Edinbufgh has beèn •stabltsPrtd for the ￿l￿"s￿)ent aTrJ upkeep of the FYOterty.
Page 31
conb"nued...

NATIONAL SPIRITUAL ASSEMBLY OF THE
BAHA'IS OF THE UNITED KINGOOM
NOTES TO THE FINANCIAL STATEMENTS - conllnu•d
FOR THE YEAR ENDED 31 DECEMBER 2022
21. MOVEMENT IN FUNOS- tontinwd
Tv•n$f•rn b•tw••n funds
The trartsfer frcm the designated Royal Y￿k Crescent knd to the restrthd R¢)yal YO￿ creS￿nt
Aparknent luTrJ. wh*h were c¥eated for the same puw. was due to an o¥etspend in the restrid•¢J
fvnd.
The transfèrs bekn unrestrbjed arkl desKJnaled funds realbtate luTrJ5 as deternined
necessary by TruslFos.
EMPLOYEE BENEFIT OBUGATIOMS
The Charitab￿ CAynpany operates a ¢YefineLI ￿ntrt)ut￿Tr renson on tehall ol its employees.
The assets of thtr scheme ar• hekl s•parat•ty frorn those of the charty in an ￿d*Pendenty
administered fuThY The pension c05t charge represents wrtritxrtions payable by the company to the
fund and amounted lo £81.70512021". £81,115).
RELATED PARTY DISCLOSURES
DuriThJ the year R Weinberg and D Smith, Trustees. charged £nil12021.' £2,597) and t7,5CQ {2021.'
£6,479) respectively to the chanty ￿ respeci of consvttarw seMc89 prowded.
DurirrtJ the year. AJ Tahzib. who is the wrfe of Trnstee O Tahzib, r8ceTred rernuneration of £31,049
12021.. £30.5791.
DuriTrJ the year. R 8indra. who is the wle ol Trustee Or R YouselZa¢Yeh-Bw￿ra, received
remuneratson of £26.83512021". £21,4C61.
Included in fvnds hekj for others at the year end is £334.389 12021.. £381.2921 relatmg to lunds that
a￿ held as agants tsn behalf of Alnan L￿rary Twst The SPDuses of twsiÈes and National
Spiritual Assemw of the Baha'is ol Ihe Unrted KW we twstèes ol the Afnan Ltjrary Trust
OPERATING LEASES . LESSOR
Minimum kas• r￿¢￿ts urKler I￿r￿3￿$11ab￿ tperalry bases Pdll due as lolbjws..
2022
2021
thin on• ￿8￿
Behyeen on and fve years
In MO￿ than fivè yèa
4.414
63,271
17,914
Page 32