2023-12-31-accounts

Continental Pioneer Committee	£130,244
Various LSA funds	£1,042,997
DrKhosrow Taheri	£115,705
International collaboration fund	£63,707
Baha'i InternationalFund	£435,368
Huququ'llah	£10,494
Payam-i-Bahai	£20,652
George Ronald publishing	£32,920
Other funds	£74,080

(INCORPORATINGANINCOME AND EX FOR THE YEAR ENDED31DECEMBER	PENDIT 2023	URE ACCOUN	T)
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	2	2,719,441	3,893,249	6,612,690	6,860,791
Charitable activities	5
Guardian's Resting Place			40,449	40,449	19,927
Schools		73,582		73,582
Plot fees		72,073		72,073	42,186
Persian Arts & Letters		39,565		39,565
Other trading activities	3	23,403		23,403	20,493
Investment income	4	112,478	7,372	119,850	86,984
Total		3,040,542	3,941,070	6,981,612	7,030,381
EXPENDITUREON
Raising funds	6	46,724		46,724	27,829
Charitable activities	7
International funds		1,100,766	3,268,296	4,369,062	4,218,349
Guardian's Resting Place			189,288	189,288	160,159
Conferences		58,844		58,844	473,601
Schools		76,752	187,980	264,732	216,067
Regional activities - teaching and training		386,934	60	386,994	510,287
Community development		44,486		44,486	40,626
Organisation of community activities		655,613	10,497	666,110	601,259
External affairs		157,825		157,825	95,004
Property costs		444,395	41,765	486,160	608,139
Depreciation		133,156	14,049	147,205	147,205
Auditors remuneration		18,275		18,275	15,610
Local Spiritual Assemblies			215,191	215,191	193,762
Persian Arts & Letters		34,924		34,924
Total		3,158,694	3,927,126	7,085,820	7,307,897
Net gains/(losses)oninvestments		680,855		680,855	(1,257,124)
NET INCOME/(EXPENDITURE)		562,703	13,944	576,647	(1,534,640)
Transfers between funds	20	(38,177)	38,177
Net movementinfunds		524,526	52,121	576,647	(1,534,640)
RECONCILIATIONOFFUNDS
Total funds brought forward		8,764,842	3,461,373	12,226,215	13,760,852

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
		----
TOTAL FUNDS CARRIED FORWARD		9,289,368	3,513,494	12,802,862	12,226,212

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	13	4,520,431	600,901	5,121,332	4,992,091
Investments
Investments	14	6,004,647	2,127,664	8,132,311	4,886,853
Investment property	15	328,943	116,057	445,000	2,671,151
		10,854,021	2,844,622	13,698,643	12,550,095
CURRENT ASSETS
Stocks	16	67,137		67,137	62,801
Debtors	17	208,695		208,695	149,142
Cash at bank andinhand		1,677,932	676,613	2,354,545	2,371,443
		1,953,764	676,613	2,630,377	2,583,386
CREDITORS
Amounts falling due within one year	18	(3,518,417)	(7,741)	(3,526,158)	(2,907,269)
NET CURRENT ASSETS		(1,564,653)	668,872	(895,781)	(323,883)
TOTAL ASSETS LESS CURRENT
LIABILITIES		9,289,368	3,513,494	12,802,862	12,226,212
NET ASSETS		9,289,368	3,513,494	12,802,862	12,226,212
FUNDS	20
Unrestricted funds				9,289,368	8,764,839
Restricted funds				3,513,494	3,461,373
TOTAL FUNDS				12,802,862	12,226,212

		2023	2022
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	(618,428)	90,885
Net cash (used in)/providedbyoperating activities		(618,428)	90,885
Cash flows from investing activities
Purchase of tangible fixed assets		(549,235)
Purchase of fixed asset investments		(2,564,602)	(16,052)
Acquisition of investment property			(275,000)
Sale of fixed asset investments/property		2,226,153	1,346
Interest received		84,246	873
Dividends received		324	3,118
Net cash usedininvesting activities		(803,114)	(285,715)
Changeincash and cash equivalents
inthe reporting period		(1,421,542)	(194,830)
Cash and cash equivalents at the
beginning of the reporting period	2	2,371,443	2,566,273
Cash and cash equivalents at the end
of the reporting period	2	949,901	2,371,443

		2023	2022
		£	£
	Net income/(expenditure) for the reporting period (as per the
	Statement of Financial Activities)	576,647	(1,534,640)
	Adjustments for:
	Depreciationcharges	147,205	147,205
	(Gain)/lossesoninvestments	(680,855)	1,257,124
	Interest received	(84,246)	(873)
	Dividends received	(324)	(3,118)
	Impairment	272,789
	Increaseinstocks	(4,336)	(12,625)
	(lncrease)/decreaseindebtors	(59,553)	689,783
	Decreaseincreditors	(785,755)	(451,971)
	Net cash (used in)/providedbyoperations	(618,428)	90,885
2.	ANALYSIS OF CASH AND CASH EQUIVALENTS
		2023	2022
		£	£
	Cashinhand	2,489	187
	Notice deposits (less than 3 months)	2,352,056	2,371,256
	Overdrafts includedinbank loans and overdrafts falling due within one
	year	{1,404,644)
	Total cash and cash equivalents	949,901	2,371,443

ANALYSIS OF CHANGESINNET FUND	S
	At 1/1/23	Cash flow	At 31/12/23
	£	£	£
Net cash
Cash at bank andinhand	2,371,443	(16,898)	2,354,545
Bank overdrafts		{1,404,644)	(1,404,644)
	2,371,443	{1,421,542)	949,901
Total	2,371,443	(1,421,542)	949,901

2.	DONATIONS AND LEGACIES
		2023	2022
		£	£
	Donations	5,535,203	5,741,304
	Giftaid	743,658	735,128
	Legacies	333,829	384,359
		6,612,690	6,860,791
3.	OTHER TRADINGACTIVITIES
		2023	2022
		£	£
	Salesfrom publishing division	23,403	20,493

4.	INVESTMENT INCOME
			2023	2022
			£	£
	Rents received		35,280	82,993
	Dividends received		324	3,118
	Deposit account interest		84,246	873
			119,850	86,984
5.	INCOME FROM CHARITABLE ACTIVITIES
			2023	2022
		Activity	£	£
	Guardian's Resting Place	Guardian's RestingPlace	28,449	19,927
	Plot fees	Guardian's RestingPlace	12,000
	Schools	Schools	73,582
	Plot fees	Plot fees	72,073	42,186
	Baha'i Society Persian
	Arts & Letters Income	Persian Arts & Letters	39,565
			225,669	62,113
6.	RAISING FUNDS
	Other trading activities
			2023	2022
			£	£
	Purchases of literature for	resale	46,724	27,829

CHARITABLE ACTIVITIES COSTS
		Support
	Direct	costs (see
	Costs	note8)	Totals
	£	£	£
International funds	4,369,062		4,369,062
Guardian's Resting Place	189,288		189,288
Conferences	58,844		58,844
Schools	264,732		264,732
Regional activities - teachingand
training	386,994		386,994
Community development	44,486		44,486
Organisation of community activities	15,962	650,148	666,110
External affairs	157,825		157,825
Property costs	486,160		486,160
Depreciation	147,205		147,205
Auditors remuneration		18,275	18,275
Local Spiritual Assemblies	215,191		215,191
Persian Arts & Letters	34,924		34,924
	6,370,673	668,423	7,039,096

SUPPORT COSTS
			Governance
	Management	Finance	costs	Totals
	£	£	£	£
Organisation of community activities	458,487	188,454	3,207	650,148
Auditors remuneration			18,275	18,275
	458,487	188,454	21,482	668,423

	2023	2022
	£	£
Auditors' remuneration	18,275	15,610
Depreciation - owned assets	147,205	147,205

STAFF COSTS
	2023	2022
	£	£
Wages and salaries	1,232,477	1,142,333
Social security costs	110,612	95,882
Other pension costs	90,570	81,705
	1,433,659	1,319,920

	2023	2022
Employed staff	47	54

£60,000 was:
		2023	2022
£90,001- £100,000		1
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	2,695,895	4,164,896	6,860,791
Charitable activities
Guardian's Resting Place		19,927	19,927
Plot fees	42,186		42,186
Other trading activities	20,493		20,493
Investment income	85,905	1,079	86,984
Total	2,844,479	4,185,902	7,030,381
EXPENDITUREON
Raising funds	27,829		27,829
Charitable activities
International funds	978,815	3,239,534	4,218,349
Guardian's Resting Place		160,159	160,159
Conferences	473,601		473,601
Schools		216,067	216,067
Regional activities - teaching and training	510,227	60	510,287
Community development	40,626		40,626
Organisation of community activities	620,908	(19,649)	601,259
External affairs	95,004		95,004
Property costs	576,681	31,458	608,139
Depreciation	133,156	14,049	147,205
Auditors remuneration	15,610		15,610
Local Spiritual Assemblies		193,762	193,762
Total	3,472,457	3,835,440	7,307,897
Net gains/(losses)oninvestments	(1,252,278)	(4,846)	(1,257,124)
NET INCOME/(EXPENDITURE)	(1,880,256)	345,616	(1,534,640)
Transfers between funds	(30,114)	30,114
Net movementinfunds	(1,910,370)	375,730	(1,534,640)

FOR	THE YEAR ENDED31DECEMBER 2023	THE YEAR ENDED31DECEMBER 2023	THE YEAR ENDED31DECEMBER 2023
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted	Total
		funds	funds	funds
		£	£	£
	RECONCILIATIONOFFUNDS
	Total funds brought forward	10,675,209	3,085,643	13,760,852
	TOTAL FUNDS CARRIED FORWARD	8,764,839	3,461,373	12,226,212
13.	TANGIBLE FIXED ASSETS
				Freehold
				property
				£
	COST
	At 1 January 2023			7,404,267
	Additions			549,235
	Impairments			(300,262)
	At31December 2023			7,653,240
	DEPRECIATION
	At 1 January 2023			2,412,176
	Charge for year			147,205
	Impairments			(27,473)
	At31December 2023			2,531,908
	NET BOOK VALUE
	At31December 2023			5,121,332
	At31December 2022			4,992,091

follows:
			NBVon	NBV based
			historical	onrevalued
	Cost	Depreciation	cost basis	amounts
	£	£	£	£
Rutland Gate, London	735,744	544,452	191,292	2,016,000
3 LangdaleRoad, Liverpool	36,952	20,613	16,339	77,500
Willow Island (land)	500		500	8,000

13.	TANGIBLE FIXED ASSETS - continued
	Wideford Hill, StOla, Orkney Isles
	(land)	500		500	36,000
		773,696	565,065	208,631	2,137,500

FIXED ASSET INVESTMENTS
	Listed	Unlisted
	investments	investments	Totals
	£	£	£
MARKET VALUE
At 1 January 2023	4,789,813	97,040	4,886,853
Additions	2,564,602		2,564,602
Revaluations	673,596	7,260	680,856
At31December 2023	8,028,011	104,300	8,132,311
NET BOOK VALUE
At31December 2023	8,028,011	104,300	8,132,311
At31December 2022	4,789,813	97,040	4,886,853

	£56,542.
15.	INVESTMENT PROPERTY
		£
	FAIR VALUE
	At 1 January 2023	2,671,151
	Disposals	(2,226,151)
	At31December 2023	445,000
	NET BOOK VALUE
	At31December 2023	445,000
	At31December 2022	2,671,151

15.	INVESTMENT PROPERTY -continued
	Fair value at31December 2023isrepresentedby:
			£
	Cost		445,000
16.	STOCKS
		2023	2022
		£	£
	Stocks	67,137	62,801
17.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2023	2022
		£	£
	Other debtors	28,920	30,920
	VAT	209
	Prepaymentsandaccrued income	179,566	118,222
		208,695	149,142
18.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2023	2022
		£	£
	Bank loans and overdrafts (see note 19)	1,404,644
	Trade creditors	87,706	155,252
	Social securityandother taxes	51,794	(223)
	VAT		658
	Other creditors	32,193	82,288
	Funds held for others	1,926,168	2,607,113
	Accruals and deferred income	23,653	62,181
		3,526,158	2,907,269

placeinthe next financial year.
	£
Balance as at31December 2022	18,636
Amount released to incoming resources	(18,636)
Amount deferredinyear	5,468
Balanceasat31December 2023	5,468

Ananalysisofthe maturity of loansisgiven below:
	2023	2022
	£	£
Amounts falling due within one yearondemand:
Bank overdrafts	1,404,644

MOVEMENTINFUNDS
		Net	Transfers
		movement	between	At
	At 1/1/23	in funds	funds	31/12/23
	£	£	£	£
Unrestricted funds
General fund	244,643	232,649	(344,309)	132,983
Social Action Fund	6,013	395		6,408
Property maintenance fund	308,356	29,393		337,749
General reserve	900,751			900,751
Capital projects	6,300	6,615	(6,300)	6,615
Growth fund	2,252,615	486,945	(99,566)	2,639,994
Guardian's Resting Place	198,506	186,443	4,105	389,054
UK Temple Fund - Designated Fund	552,912	205,709	(35,609)	723,012
Faroes Centre Fund	109,510			109,510
Funds representing properties held	4,185,236	(585,446)	443,502	4,043,292
	8,764,842	562,703	(38,177)	9,289,368
Restricted funds
Deputisation	56,623	101,071		157,694
UK Temple Fund	1,543,923	29,847		1,573,770
Guardian's Resting place	963,335	(52,389)		910,946
Paul Malcolm Booth Fund	6,494	340	(1,203)	5,631
Baha'i InstituteofHigher Education		(1,000)		(1,000)
Faroes Centre Fund	269,794	(10,425)		259,369
ResidentialCentre reserve	233,913	(4,976)		228,937
Department of Health	6,255	(72)		6,183
Royal York Crescent Apartment	381,036	(48,452)	39,380	371,964
	3,461 ,373	13,944	38,177	3,513,494
TOTAL FUNDS	12,226,215	576,647		12,802,862

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	infunds
	£	£	£	£
Unrestricted funds
General fund	2,652,590	(2,563,501)	143,560	232,649
Social Action Fund	395			395
Property maintenance fund			29,393	29,393
Capital projects	6,615			6,615
Growth fund	298,000		188,945	486,945
Guardian's RestingPlace	75,694		110,749	186,443
UK TempleFund - Designated Fund	5,835		199,874	205,709
Funds representingproperties held	1,413	(595,193)	8,334	(585,446)
	3,040,542	(3,158,694)	680,855	562,703
Restricted funds
Deputisation	101,071			101,071
UK Temple Fund	29,847			29,847
Guardian's Resting place	136,899	(189,288)		(52,389)
Paul Malcolm Booth Fund	340			340
Baha'i InstituteofHigher Education	186,980	(187,980)		(1,000)
International Funds	3,268,296	(3,268,296)
Faroes Centre Fund		(10,425)		(10,425)
ResidentialCentre reserve	1	(4,977)		(4,976)
Derby Mulifaith Project	60	(60)
DepartmentofHealth		(72)		(72)
Local Spiritual Assemblies	215,191	(215,191)
Royal York Crescent Apartment	2,385	(50,837)		(48,452)
	3,941,070	(3,927,126)		13,944
TOTAL FUNDS	6,981,612	(7,085,820)	680,855	576,647

Comparatives for movementinfunds
		Net	Transfers
		movement	between	At
	At 1/1/22	in funds	funds	31/12/22
	£	£	£	£
Unrestricted funds
General fund	790,033	(1,198,772)	653,379	244,640
Social Action Fund	5,832	181		6,013
Property maintenance fund	350,000	(81,257)	39,613	308,356
General reserve	900,000	(87,841)	88,592	900,751
Capital projects		21,911	(15,611)	6,300
Growth fund	3,175,445	67,172	(990,002)	2,252,615
Guardian's Resting Place	340,382	(141,876)		198,506
UK Temple Fund - Designated Fund	715,186	(162,274)		552,912
Farces Centre Fund	109,510			109,510
Funds representing properties held	4,288,821	(297,500)	193,915	4,185,236
	10,675,209	(1,880,256)	(30,114)	8,764,839
Restricted funds
Deputisation	5,409	51,214		56,623
UK Temple Fund	993,189	550,734		1,543,923
Guardian's Resting place	1,103,567	(140,232)		963,335
Paul Malcolm Booth Fund	6,274	220		6,494
Baha'i InstituteofHigher Education	38	(38)
International Funds	91,770	(91,770)
Farces Centre Fund	250,100	19,694		269,794
Residential Centre reserve	238,890	(4,977)		233,913
Department of Health	6,298	(43)		6,255
Royal York Crescent Apartment	390,108	(39,186)	30,114	381,036
	3,085,643	345,616	30,114	3,461 ,373
TOTAL FUNDS	13,760,852	(1,534,640)		12,226,212

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	infunds
	£	£	£	£
Unrestricted funds
General fund	2,369,230	(3,070,445)	(497,557)	(1,198,772)
Social Action Fund	181			181
Property maintenance fund	1,084	(41,936)	(40,405)	(81,257)
General reserve	2,786		(90,627)	(87,841)
Capital projects	21,911			21,911
Growth fund	375,673	(20,675)	(287,826)	67,172
Guardian's Resting Place	7,355		(149,231)	(141,876)
UK Temple Fund - Designated Fund	14,311		(176,585)	(162,274)
Funds representing properties held	51,948	(339,401)	(10,047)	(297,500)
	2,844,479	(3,472,457)	(1,252,278)	(1,880,256)
Restricted funds
Deputisation	51,214			51,214
UK Temple Fund	550,734			550,734
Guardian's Resting place	19,927	(160,159)		(140,232)
Paul Malcolm Booth Fund	220			220
Baha'i Institute of Higher Education	216,029	(216,067)		(38)
International Funds	3,152,610	(3,239,534)	(4,846)	(91,770)
Faroes Centre Fund	1	19,693		19,694
Residential Centre reserve		(4,977)		(4,977)
Derby Mulifaith Project	60	(60)
DepartmentofHealth	1	(44)		(43)
Local Spiritual Assemblies	193,762	(193,762)
Royal York Crescent Apartment	1,344	(40,530)		(39,186)
	4,185,902	(3,835,440)	(4,846)	345,616
TOTAL FUNDS	7,030,381	(7,307,897)	(1,257,124)	(1,534,640)

		2023		2021
	£		£
Within one year				4,414
Betweenonand five years
Inmore than five years
				4 414