Charity registration number 1119571
Company registration number 6004963 (England and Wales)
THE ABRAHAM INITIATIVES LTD
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
| Directors (Trustees) | Alex Brummer | |
|---|---|---|
| Amnon Beeri-Sulitzeanu | ||
| Thabet Abu Rass | ||
| Robert Niven | ||
| Laurie Scher | ||
| Ben Shimshon | ||
| Sarah Sackman | ||
| Mike Sampson | ||
| Ariel Khan | ||
| Neil Hamburger | ||
| Lindsay Simmonds | ||
| Basha'er Fahoum-Jayoussi | (Appointed 1 October 2021) | |
| Julian Saipe | (Appointed 21 June 2022) | |
| Charity number | 1119571 | |
| Company number | 6004963 | |
| Registered office | 148 Kew Road | |
| Richmond upon Thames | ||
| Surrey | ||
| TW9 2AU | ||
| Independent examiner | Clarkson Hyde LLP | |
| 3rd Floor | ||
| Chancery House | ||
| St Nicholas Way | ||
| Sutton | ||
| Surrey | ||
| SM1 1JB |
THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 11 |
THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report and accounts for the year ended 31 December 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The Abraham Initiatives Ltd (“the UK charity”) supports the work of the Israeli NGO also called the Abraham Initiatives (“TAI”).
TAI, and the UK charity, view coexistence as the ability of people of different backgrounds and beliefs to live side-byside in mutual respect. Coexistence is not assimilation; rather, its objective is to enable individuals and communities to live in a joint and shared society, while maintaining their own unique cultural identities.
TAI and the UK charity see civic equality for Israel's Arab and Jewish citizens as a moral and pragmatic imperative, whereby individual rights and the political, cultural and religious character of the Arab minority must be clearly and unambiguously recognised and respected.
TAI works to advance social transformation and policy change built on the values of coexistence, equality and cooperation by: Initiating and operating large-scale coexistence ventures and initiatives; Providing leadership, training and research to the coexistence field; Conducting public education, advocacy, training and consultation to government ministries and officials; Investing in strategic partnerships that promote the vision of shared citizenship. A pioneer in this work, TAI serves as a central resource for coexistence professionals in Israel and worldwide.
TAI’s unique position in the field of Jewish-Arab relations is reflected through its ability to bring about change through governmental bodies and at the same time, work hand-in-hand with civil society organisations. As a reputable and professional issue leader, TAI forges partnerships, joint ventures and funding relationships which leverage its resources and impact. Such partnerships have been built in the public sector (with government ministries and authorities, the police, municipalities and local councils) and with leading Jewish-Arab NGO's, foundations, Jewish Federations, friends and supporters from around the world, policy and advocacy organisations and service providers in the field.
The UK charity promotes TAI’s vision and mission to enhance co-existence and equality among Arabs and Jews in Israel by focusing on the following three strategic goals in the UK:
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Fundraising – raise funds for TAI to enable it to promote its programs and initiatives, as well as for the UK charity’s local operations. This is the primary goal of the UK charity.
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Advancement of education and raising of awareness – promotion of better knowledge, education and awareness in the UK to issues concerning coexistence and equality of Jews and Arabs in Israel.
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Creating synergy between Israel and the UK –the UK charity will foster cooperation aimed at advancing coexistence and equality, as well as synergy between Israeli bodies, individuals, initiatives and programmes with respective agencies and institutions in the UK. Cooperation will enable the transfer of knowledge, capacities and information as well as formulation and implementation of joint initiatives.
The UK charity’s directors (referred to as "Trustees" in UK charity law) are responsible for the management and direction of the UK charity. The Board of Directors currently comprises 13 members, including Chairperson and Treasurer.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Financial review
In a challenging environment the UK charity raised £315,904 in 2021, compared to £187,772 in 2020.
Review of progress and achievements
Development Work
As the year started to settle into a new normal following the Covid-19 pandemic, in person meetings and events were resumed. This meant for example that our main annual event, the Shared Society Dinner, was able to take place in Central London. The event was a little smaller than on previous occasions due to social distancing measures that were still in place. But it was again a successful event and included a very timely address by and discussion with Knesset Member Ghaida Rinawie Zoabi.
Communications Work
Throughout the year, communications and engagement with donors and supporters were maintained and our annual December online fundraising campaign took place.
Organisational Development
There were several board changes in the year as detailed below.
UK Events
The annual flagship fundraising dinner took place in December. There were some 90 guests and £80,365 was raised for the charity.
Reserves Policy
The object of the charity is to fund The Abraham Initiatives in Israel (the parent charity). Accordingly the intention is to pass all surplus resources to the parent charity subject to reserves being maintained at a level deemed prudent and such as enable the running costs of the charity to be met for 12 months.
Structure, governance and management
The charity is a company limited by guarantee and was incorporated on 21 November 2006 and registered as a charity on 8 June 2007. The charity operates from the registered address 148 Kew Road Richmond upon Thames, Surrey, TW9 2AU.
The charity's directors (referred to as "Trustees" in UK charity law) are responsible for the management and direction of the charity.
| The trustees, who are also the directors for the purpose of company law, and who served during the year were: | The trustees, who are also the directors for the purpose of company law, and who served during the year were: |
|---|---|
| Alex Brummer | |
| Amnon Beeri-Sulitzeanu | |
| Thabet Abu Rass | |
| Elizabeth Harris-Sawczenko | (Resigned 7 June 2021) |
| Robert Niven | |
| Laurie Scher | |
| Alice Wood | (Resigned 28 March 2022) |
| Ben Shimshon | |
| Sarah Sackman | |
| Mike Sampson | |
| Ariel Khan | |
| Neil Hamburger | |
| Lindsay Simmonds | |
| Laurence Kaye | (Resigned 31 August 2021) |
| Basha'er Fahoum-Jayoussi | (Appointed 1 October 2021) |
| Julian Saipe | (Appointed 21 June 2022) |
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2021
The committee members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice, "Accounting and Reporting by Charities" (SORP 2005) issued in May 2008 and in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Alex Brummer Chairman Trustee Dated: 22 October 2022
Mike Sampson Treasurer Trustee Dated:22 October 2022
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees, who are also the directors of The Abraham Initiatives Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ABRAHAM INITIATIVES LTD
I report to the trustees on my examination of the financial statements of The Abraham Initiatives Ltd (the charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Andrew Seton FCCA
Clarkson Hyde LLP Chartered Accountants Chancery House St Nicholas Way Sutton Surrey SM1 1JB
Dated: 24 October 2022
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and legacies 2 125,904 190,000 Expenditure on: Raising funds 3 56,505 - Charitable activities 4 58,172 210,000 Other 8 84 - Total expenditure 114,761 210,000 Net income/(expenditure) for the year/ Net movement in funds 11,143 (20,000) Fund balances at 1 January 2021 18,358 20,000 Fund balances at 31 December 2021 29,501 - |
Total Unrestricted Restricted Total funds funds 2021 2020 2020 2020 £ £ £ £ 315,904 62,772 125,000 187,772 56,505 31,188 - 31,188 268,172 111,979 169,000 280,979 84 423 - 423 324,761 143,590 169,000 312,590 (8,857) (80,818) (44,000) (124,818) 38,358 99,176 64,000 163,176 29,501 18,358 20,000 38,358 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET
AS AT 31 DECEMBER 2021
| Notes Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Income funds Restricted funds Unrestricted funds |
2021 £ 8,560 21,922 30,482 (981) |
£ 29,501 - 29,501 29,501 |
2020 £ 4,993 34,346 39,339 (981) |
£ 38,358 |
|---|---|---|---|---|
| 20,000 18,358 |
||||
| 38,358 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 22 October 2022
Alex Brummer Mike Sampson Trustee Trustee Company registration number 6004963
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
Charity information
The Abraham Initiatives Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 148 Kew Road, Richmond upon Thames, Surrey, TW9 2AU.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used.
1.4 Incoming resources
Donations are recognised upon receipt.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
2 Donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 125,904 | 190,000 | 315,904 | 62,772 | 125,000 | 187,772 |
3 Raising funds
| Fundraising and publicity Staging fundraising events Support costs Fundraising and publicity Charitable activities Donations to Israel Governance costs 2021 2021 £ £ Donations made 265,000 - Share of governance costs (see note 5) - 3,172 265,000 3,172 Analysis by fund Unrestricted funds 55,000 3,172 Restricted funds 210,000 - 265,000 3,172 |
Unrestricted Unrestricted funds funds 2021 2020 £ £ 13,646 7,471 42,859 23,717 56,505 31,188 Total 2021 Donations to Israel Governance costs Total 2020 2020 2020 £ £ £ £ 265,000 280,000 - 280,000 3,172 - 979 979 268,172 280,000 979 280,979 58,172 111,000 979 111,979 210,000 169,000 - 169,000 268,172 280,000 979 280,979 |
Unrestricted Unrestricted funds funds 2021 2020 £ £ 13,646 7,471 42,859 23,717 56,505 31,188 Total 2021 Donations to Israel Governance costs Total 2020 2020 2020 £ £ £ £ 265,000 280,000 - 280,000 3,172 - 979 979 268,172 280,000 979 280,979 58,172 111,000 979 111,979 210,000 169,000 - 169,000 268,172 280,000 979 280,979 |
|---|---|---|
| 31,188 | ||
| Total 2020 £ 280,000 979 |
||
| 280,979 | ||
| 111,979 169,000 |
||
| 280,979 |
4 Charitable activities
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
| 5 Support costs Support costs Governance costs £ £ Management and office costs 42,859 - Accountancy - 600 Consultancy - 2,100 Insurance - 472 42,859 3,172 Analysed between Fundraising 42,859 - Charitable activities - 3,172 42,859 3,172 |
2021 Support costs Governance costs £ £ £ 42,859 23,717 - 600 - 699 2,100 - - 472 - 280 46,031 23,717 979 42,859 23,717 - 3,172 - 979 46,031 23,717 979 |
2020 £ 23,717 699 - 280 |
|---|---|---|
| 24,696 | ||
| 23,717 979 |
||
| 24,696 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
8 Other
| Bank charges | 2021 £ 84 84 |
2020 £ 423 |
|---|---|---|
| 423 |
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THE ABRAHAM INITIATIVES LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
| 9 Debtors Amounts falling due within one year: Other debtors 10 Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
2021 £ 8,560 2021 £ 231 750 981 |
2020 £ 4,993 |
|---|---|---|
| 2020 £ 231 750 |
||
| 981 |
11 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
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