NATIONAL SPIRITUAL ASSEMBLY OF THE BAHA'IS OF THE UNITED KINGDOM
Financial health, per its FY2023 accounts
The accounts state that total funds increased to £12,802,862 at year-end, with unrestricted funds standing at £9,289,368. The charity reported a net income of £576,647 for the year, driven by significant investment gains, although charitable expenditure exceeded incoming resources from donations. The trustees and auditors confirm the charity has adequate resources to continue as a going concern for at least twelve months.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60 ,000 was: £90,001 - £100,000 1” — page 25
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60 ,000 was: £90,001 - £100,000 1” — page 25
“In addition to the general funds the National Assembly considers it prudent to have a general reserve to cover its working capital requirement (i.e. the day to day inflows and outflows of income and expenditure) . An amount equal to £900 ,000 or 6 months of the annual salary bill - whichever is the greater - will therefore be set aside (to be held in accessible funds) as a general reserve.” — page 6
“During the year D Smith , Trustee, charged £7,500 (2022 : £7,500) respectively to the charity in respect of consultancy services provided . During the year, AJ Tahzib, who is the wife of Trustee O Tahzib, received remuneration of £32,807 (2022 : £31 ,049). During the year, R Bindra, who is the wife of Trustee Dr R Yousefzadeh-Bindra , received remuneration of £37,124 (2022 : £26 ,835). Included in funds held for others at the year end is £nil (2022: £334,389) relating to funds that are held as agents on behalf of Afnan Library Trust. Patrick O'Mara, Trustee, and the spouse of another trustee are trustees of the Afnan Library Trust. Included in funds held for others at the year end is £489 (2022 : £533) due from Based -UK, wh ich share a mutual Trustee in W Momen. Included in funds held for others at the year end is £32 ,930 (2022 : £nil) relating to funds that are held as agents on behalf of George Ronald Publisher Ltd, wh ich share a mutual Director in D Smith . Royalty income of £218 was received during the year and expenditure of £50,000 was incurred during the year. This was incurred prior to D Smith becoming a Director of that company.” — page 34
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DARREN SMITH
- Dr Ronnie Yousefzadeh Bindra
- Dr Shirin Fozdar-Foroudi
- Dr Wendi Momen
- May Taleb
- OLINGA TAHZIB
- PATRICK O'MARA
- ROBERT MATTHEW WEINBERG
- Stephen Murphy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £10.7m | £10.8m |
| 31/12/2023 | £7.0m | £7.1m |
| 31/12/2022 | £7.0m | £7.3m |
| 31/12/2021 | £8.4m | £8.6m |
| 31/12/2020 | £9.0m | £7.4m |
Common questions
Is NATIONAL SPIRITUAL ASSEMBLY OF THE BAHA'IS OF THE UNITED KINGDOM financially healthy?
The accounts state that total funds increased to £12,802,862 at year-end, with unrestricted funds standing at £9,289,368. The charity reported a net income of £576,647 for the year, driven by significant investment gains, although charitable expenditure exceeded incoming resources from donations. The trustees and auditors confirm the charity has adequate resources to continue as a going concern for at least twelve months. Its FY2023 accounts were audited by Shaw Gibbs (Audit) Limited.
What does the highest-paid employee of NATIONAL SPIRITUAL ASSEMBLY OF THE BAHA'IS OF THE UNITED KINGDOM earn?
Per its FY2023 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.