2024-12-31-accounts

REGISTEREO CHARrfY NUM8ER.. 207404 REPORT OF ThE TRUSTEE8 AND UNALIOITED FIP4ANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEIABER 2024 FOR THE INMATION SOCETY Z8nrth Advi5Cry Chartered Aco)untJnls Chjncelors Hou$9 3 8rarnpton L8ne H•nd Lt*)don NW4 4+lB

THE INtriATION SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2D24 Page R8for8fbce and Admlrnl#tf•tlv• D•talh Report ofthe Tru5ts85 Ind•p8ndwt Eyamin•rf• Roport Statement of Fln*nclal ACtI￿tIeS Balance Sheel Not¢$ to lh• Flnanclal Statsmènts 6 to 1

THE W4fTIATION SOC4ETY REFERENCE AND ADMWISTRATIVE OETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 HOIIORARY OFFICER8 Mr D Segal Mr J R Weinth'n Prewdent Trgasur TRUSTEES Or S G Skywer Mr J R Weinslwn Di J ltzer SECRErARY CHARITY NUMBER 207404 PR114CIPAL ADORESS Ch8nc•lors H¢w 3 BfamNon Lane Hendon NW4 4hB INDEPENDENT EXAMINER Martin TIBno FCA Zenrth Ad￿5 Chartered AL￿￿ntants Ch8nc•kn Hws• 3 &ampton La Handc LotN1c NW4 4AB BANKERS nland•r UK F4c 8rle Road Bool Metseysldo L30 4GB Pw1

THE P41fiATION SOCIE REPORT OF THE TRUSTEES FOR THE YEAR EPIDEO 31 DECEMBER 2024 The lJustees present their report the fm8TKi4 of Ihe tharfy fc¢ Ihe year ended 31 CcunbBr 2024. The tnjstees have adopted the proM$ions ol Accounting and Reporting by Chanties" Sl3t8fflent 01 Rec￿mmend8￿ Pr8Ctlce aprlirable to cl)arities prepafing their acoxjnts in accordan￿ the F￿an0a1 RepJbng Sland3rd aFf4icatAe In the UK and Repubh'c of $￿tand IFRS 1021 leffectlve 1 January 20191. OBJEcnvES AND AcTIV￿lEs Oblectlves and alms The rnain aL1iMty and tJjective of the Socty is io PfDmole advarcement the Jewish Teh"girth by f8rAbtsting the inJba1i￿ of ma Jew15h Ghildrerl into the Co¥enant of Abraham. The rJJnfinn thal Ihey gave regard lo the Ch• Ccfflmi88ion guÉdanc6 c wblic benefft when wepaTirig this repr%L ACHIEVEMENT AND PERFORMANCE The Societ$ lund6 are 8ppled In hJrtlN¥ancE of As objeciNes and Ihe day4￿eY nmning of ts Sorjety. Ouring the year ended 31 December 2024. tcrtal inccmniny T￿￿TEe5 Df the So(Jety aTn¢)unted lo t273,OOB 12023." £157.8331. Tre ources expended amounielt ￿ £147.78312023" £154,7951.. resuht'ng in net Inivning ￿0vIre$ of £125.223 12023." £3,038). STRUCTURE, GOVERNANCE AND MANAGEMENT Th8 InitiatiDn Society Is a UK reg151ered chanly avd 15 go¥wned by th8 Laws of Ih8 Soraety found8d in 1745 and am8nded most recenuy In 1996. tt Is mana9ed by the Honorary Officers anl a 8oard ol TftJsiè•s. A Genwal Committee. ￿lch indudes Ihe Honorary Officers and the Tn￿lee5, is reSp￿sIble for est8tAishing the of Ihe Sooety. An Exe(yJive Committee, vthich Con￿sts of ihe P￿Sident. the Treasurer. the Seuelary and Ihe Medical Officer. is reswnthle for Ihe genwal day io day management ol the SoLaety- The General Ccmmlttee meets tiwce ènnualy. The Exewts've C¢ynrnitfee meets thenever the Presk1ent considws approprtale and. any case. if Mo members of the Executrye Comm6ttee 50 require. The Seuelary attend5 t￿t does not vole in the Executive Commitiee and Is responsitle for the administra￿"ve fundi￿5 ol Ihe Sco¢ty. ST ATEMENT OF TRUSTEES. RESPONSIBILrriES Th8 Iw818es are Fespi>n%ible for prppaong Ihe Repul of th¢ Tw$1¢￿ 4￿1 Ihe fr￿n￿oI $1otwnws In •ccrrt8nca ilh 4ppbc8bl• IBW and United SQ"ngdom Aco)unb"ng SlaDdard5 (UIMl8d Kingdom Generalty ACC￿￿tillg Praclic81. ThE law appIl￿ble lo charilies in Englan¢ and Wles, th? Charilies Act 2011, Ch8nty IAwunt$ 8nd ReF4ytsI Regulations 2008 and the ovisiovs of the twst deed requi￿ ihe Irustee5 to prepare finanrial StateTr￿rrt5 for eath financ81 year give a tNe and fair of Ihe siaie ol affairs ol Ihe chanty and of tre inccffling resources aThl aPF4icaton Df ￿SoUrCes. Inchjding Ihe Income and expendrture. ol the tharily foT Ihal period. In prepanng those finanoal ststemenis. the tsust885 are re¢Juir•d lo select suliable accounting polcies and then a[￿ty ihem cOn￿St￿nt￿. observe the methods 8nd prmoples in the Ch8lTty SORP rnake iudgemenls and eslimwes Ihat are re8Stwt ar￿ wdent.. pr8pare Ihts financial staiemenis on the gfmng ¢C￿e8M basis unk8$8 it ts iMrffj)rrwai& to prè5um8 Ihal the tharty Wil conknue in bu$in&ss. The Injsiees are respon51b￿ lor keeping woper acujunts'ng records ttich disdose ￿1h ￿a￿able acwracy ai any tsme Ihe finanoal jsib.on of the thanty and to enable them lo ensu￿ that financial ￿ateMentS ￿rnpty vnlh Ih? Carities A¢i 2011, Ihe Chanty (Accounis and Repottsl Regulatk)ns 2008 and the t0¥1￿C￿5 Df the trust deed_ They are 0 responsibk for safeguaTdlr9 the ass8ls ol Ihe charily and hence for iaking reasonable steps f¢y the prevention and detecison ol fraud and ￿her Irregularities. proved by order of the bowé of trusiees 8 Septerthr 2025 and y9ned on its behaw ty. Dr S G Springer- Trusi Pagts 2

INDEPENDENT EXAJAINER'S REPORT TO THE YRUSTEES OF THE INITIATION SOCIETY Independent examlnerfs report to the tni8tee6 of The Inltlatltsn Socl¢ry l Teport to the cttanty Irusiees on my examination ol th accounts ol Th• Initiabon Soo•ty (the TruBII for Ihe ended 31 Dxernber 2024. R•spon51billtle5 and baBi8 of report As Ilie cliarily iNsle85 of ihe Trust you are responsible for Ihe prepar8ilon ol the accounts In accordance with the reqUiffjMen￿ of th• Charitses Act 2011 fihe Arl. l ieporl In rtsped ol my 2￿minall0n ol thè TrJsi's actounts carried out under Seciion 145 of ihe Act and in car￿nll out my examination I have lolkwed all applisable Directions given by tho Charity Comrniss¢on under SeGIIDn 14515llbl ol the Act. Indeptndent e¥8mlner'• stal•m•ni Since your charity's gross incom8 8xce¢d¢d £250,000 your exomlner musl be a member of & Is¢ed body. l G&n confimi Ihal l am qualified lo underiake Ihe exarninallon becaus? l am 8 rnvmber of Ihe Instsiute of ChArteied A¢¢oun¢8nt8 in England and Wales. is on8 ol th• Iis18d bodi88. I hava completed ffly examinatlL￿. I conflrm that no material m8ttars hBV8 come lo my att8ntlon in C￿n￿lI0n Ihg gla1n￿nati gi￿￿ng me uu88 to beleve that In any maiertal ro8pect.' aL%ountlng reGords were nor kept In i¥speci ol Ihe Trusr as requlred by Sectlon 130 of the Aci.. or th• irt.nuntk nnl r.rA)rd wlth IhN8e rrnrdA', the a￿oUntS do nol comply ￿th Ihe BpplicBb18 r•quirfrftient$ concernlng lh8 lorm and conlenl of occounls sel oul In the h8riiles (Accounts and Reports) Regulolions 2008 olhei than any requirgm¢ni Ihgl Ihe gccounts give 8 tfue and 18ir vlew Vlhich iè Thjl a malter considered as part ol an Independonl oxarninalion. I have no ¢oficem5 and have corne across no oiher matters in covnectloth wfth the ex8m1n6￿0Th to atteniion should be dra￿ in th1$ rgWrt in £￿￿er lo onable a propor underst*ndlng ol Ihe aGI¥YJnll lo be reaGh¥d. hlArtln Tlano FCA Zenith AdMgQry Chartered Accountants Chancellors House 3 8ramplon Lane Hendon London NW4 4A8 S8piefflb•r 2025 Page 3

THE INITiATION SOCIETY STATEMENT OF FINAPICIAL ACTIVITIES FIJP THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Totsl fijnds UnrÈstrict8d fund R¢slricted lufid Notes INCOME AND ENDOWMENTS FROM Donations and legacies 93,397 93.397 38,666 Ctharftabte artlvttles Gr8nts Regisirauon and tuition fees ol Mthellm 185,114 13,644 165.114 13.644 IOS.032 13,728 Inv851ment incame 0th8r incorne 701 150 701 150 407 Totsl 273,006 273.006 157.833 EXpEND￿uRE ON Charitable actlvltles Medical officer's expens¢ ond 8lk)w8nc¢ Adminisir8tive and secre18rial fees Insuranc8 of train88s and Mohelim Prinlngb Postage and stati￿ery Telephone Websiie Gosis PR. seminar and cOnfe￿n¢￿ Legal and professional Accountancy and iné6p8nd8nt examinali)n G*nef818xpense$ Depreciation or rixtures. fittings and equipment 14,500 30,593 67,714 609 369 573 3.760 26.057 2.400 1.130 78 14.500 30.593 87,714 609 369 S73 3.760 26.057 2.400 1.130 78 18.400 27.288 65,418 774 267 6.173 6.672 25.899 2,300 1.570 Total 147.763 147.783 154,795 NET INCOME 125,223 125,223 3.038 RECONCTLIATIDN OF FUNDS Total iunds brought lorward 162,6471 11.811 150,8361 153,8741 TOTAL FUNOS CARRIED FORWARD 82.576 11.811 74,387 150,8361 The notes fL¥m part of these finanaal slalements Page 4

THE INt¥iATION SOCIETY BALANCE SHEET 31 DECEMBER 2024 2024 2023 Notes FIXED ASSEY5 T8ngiblo 8$5els 878 99 CURRENT ASSETS Debtors Cash al bank 34,079 66,732 61.342 21,136 100,811 82,478 CREDITORS Amounts lalling due wlthln one year 127,3001 1133.4131 NET CURRENT ASSETSIILIA81LITIESI 73,511 150.9351 TOTAL AsseTS Less CURReNT LIABILines 74,387 150.8361 NET ASSETSIILIABILITESI 74.387 150,8361 FUNDS 10 Unresiricled funds.. G8neral lunilB ReBlncled lunOA 62.578 11,811 162,6171 TOTAL FUP4D8 74.387 150.8361 The flnancial 8talefflent5 wère appro￿￿ by lh• Board ol TnJ8t8•8 •nd aulhorised fcrf1s8ue on 8 Seplernber 2025 Jn¢J were swned Its beh911 by.. Dr S G Spnnger. slee Mr J R Weill$iin- Twslee The notes fr￿ part ol Iks• finanual slat•m•DIs Pa98 5

THE INITIATION SOCIErY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICES Ba51s of prepartng the flrsanclal stal•ménts The f nancial 81at?m8nts ol Ihe char￿ty. which 18 8 public b8nefit entity under FRS 102, hav8 b8en prepared in accordance with the Charities SORP IFRS 1021 'AcciyJnting and Reporting by Charities.. Statement of Recommended Prac￿Ce ap￿ICab to charrties preparing iheir aGGounts in accordance with the Financial Reporting Standard 8pplicabk in the UK and Republlc DI Irelan(5 IFRS 1021 leffeclive 1 January 20191,. Fsnancial Reporting Stsndard 102 The Financial Reportin9 Slandarf applicable it) Ihe IJK and Repubh"c of Ireland. and ihe Chari118s Act 2011. The finanoal stalenients have been wgpare4 uThSeT Ihe historical COSI ¢DnveNlon. Income All is recogniyed in the Statemeni of Financial Acbvilies onGe the tharity has entiement to the funds. it 1$ probabk that the ¢nC￿ne Mryll be received and the 8mouni can be measured rdiably. Expenditure Liobililies gre recognised gs expenditure as soon as there Is 8 legal oi Gonstrudive oblig8tion committing the ¢h8rfty to that expendiwre, it is probable thai a transfer ol economic benefits will be requirtsd in Sett￿Ment and the amount of the obligatson can be measuied reliably. Expenéiture is accounled for orTr an accruals basis and has been classified under headings Ihat 8ugreg8te all cosi r8L3ted lo Ihe category. Where costs cgnnol be LllreGUy attylbuted to p8rtiGubr headings they h8ve been alloc81￿ lo acts"vili•s a basis ¢onsisteni wth the use ol resources. Tanqlble fixed •8sets D8rKothaiion is prowdad ai the lolowing annu31 ratas in order lo ￿te off each as58t over its e5brnat8d uselul Irf8. FIKtures and flth'ngs 25% on reduung baknce Taxatlon The charily is exempt Irorn tax on its thardable activities. Fund accounting Unrestricted funds can be used In accordance Wlh the charkable obieclives at th8 discretion ol the trustees. Restricted funds can ￿lY be used for pathcular restricted pvrposes wthin the obieds of #)e th8rity. Restricts"c￿5 arise then $peGifled by the Lloncr or %then funds ale raised for p8rtiwlar restyicled purposes. FiJrthAr e¥pL8natinn nf Ih8 nalurft and PLJrpn%e of fijnd irs indijdèd in Ihtt ntAaÈ t(> the financial stalem8nls. INVESTMENT INCOME 2024 2023 Inler8St r8ceivable- trading 701 407 TRUSTEES, REMUNERATION AND BENEFrrs There were no Injslees. renHJneralton w other benefits lor Ihe year ended 81 December 2024 nor foT the year ende 31 December 2023. Trn$tees' expenses There were no trusree5' expenses paid fly the year ended 31 December 2024 nor lor the year ended 31 Decèmber 2023. Pag? 6 continued...

THE IN￿lATION SOUETY NOTES TO THE FWANCIAL STATEMENTS- conilN•d FOR ThE YEAR ENDED 31 DECEP18ER 2024 C(tyIPARATI¥ES F(MI THE STATEMENT OF FIt4ANCIAL ACTMTIES Unrestriraad lund Rastrictad ftbnd Total funds INCOME AND ENDO¥•IMENTS FROM Donaiions 8n(J kg8ues 38,888 Charktable a¢tfvltle• Grants Rogi$traiion and lui￿on 1••8 of Moh•h"m 105,032 105,032 13,728 13.728 Investment Sncome 407 407 Total 52,801 105.032 157,833 EXPENDrruRE ON Charitablo octivitiel Medical offiGerf¥ expense 8nd aNIMance Administrative and secretarial lees Insurance ol Iraine85 and Moh81irn Printing. pos18ge and sthti￿ery Telephone Website co818 PR. ¥•minar and ￿lorenc• Legal and prDles￿onaI Accountsncy and Independenl ex8min8Uon General exp8ns•s Depredatlon of llxture8, ffttings and equlwenl 1fj.400 23,788 26,924 522 267 18,400 27,288 65,418 774 267 6.173 6.672 25.899 2,300 1,570 3,$00 38.494 252 6.173 714 9.998 5,958 15,￿1 2,300 1,161 Tolal 61.574 83.221 154.795 NET INCOMEiiexpENDITUREI 18.7731 11,811 3,038 RECONCILIATION OF FUNDS T)t81 funds brought forw¥r(I 153.8741 153,8741 TOTAL FU140S CARRIED FORWARD 162,6471 11.811 150,8361 Pag? 7 continued...

THE INITIATION SOCIETY NOTES TO THE FINANCIAL STATEMENTS . continued FOR ThE YEAR ENDED 31 DECEMBER 7024 TANG18LE FIXED ASSETS Fixturgs and fittings COST Al 1 January 2024 Addilions 578 855 Al 31 De¢£mbeT 2024 1.433 DEPRECIATION Al 1 J8nuary 2024 Charge yeai 479 78 At 31 December 2024 557 NET 800K VALUE Al 31 December 2024 876 At 31 DÈtembèr 2023 99 DEBTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2024 2023 PrepayTnents and accrued income 34.079 61,342 CREDITORS.. ApiouKfs FALLING DUE WITrIIN ONE YEAR 2024 2023 Other loans15ee nots 81 Atuuals and d8f&rred income 25,000 2,300 95.000 38,413 27.300 133,413 LOANS An anatysls ollhe malurily of loans Is giv8n below. 2024 2023 AJnount$ falling due wthin one year on demand.. Other loans 25,000 9S.000 Loans are unsecured, interest-frèe and repayab￿ on demand. Page 8 continued...

THe INITIATION SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 DECEAI8ER 2024 FUNDS OF THE CHARtrY Reslncled incorn8 funds repre5enl grant5 and donations rec￿Ved for specific projects ￿s3 arnounts exp?nded dunng Ihe year these prqects. Unrestdcted funds are funds %thich the Trustees are a￿e to spend or apply at Iheir discretion to further any of the charivs wrposes. 10. MOVEMENT IN FUP4DS Nel movemenl in fund8 Al 31.12.24 Al 1.1.24 Unrestrlcted funds Gei)erg1 luiids 162,6471 125,223 62,576 Restricted lurtds Rejiricled lunds 11,811 11.811 TOTAL FUNDS 150,8361 125.223 74,387 Net mov8menl in funds, included in the abov8 are a8 follow8.. Incoming styjrtes Resources expended Movement In funds Unrestrlcted funds General lunds 273.006 1147.7831 125.223 TOTAL FUNDS 273,006 1147,7831 125,223 CompJra¢lve8 for mov•m•nt In fvnds Net rnovement in funds Al 31.12.23 Al 1.1.23 Unr*strfcted funds G•n•ral fun06 153.8741 18,7731 162,6471 Restricted funds Restncled funds 11,811 11,811 TOTAL FUNDS 153,8741 3,038 150,8361 Page 9 conlinued...

THE INITIATION SOCIETY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEM8ER 2Q24 10. MOVEMENT FUNDS- contlnu•d Comparalive nel movemenl in lunds, inrjuded in Ih8 above arè a5 f￿10￿5.. Into￿n9 resources Resources expended Movement in lunds Unr¢$trirt?d fvnd$ General funds 52,801 161.5741 18.7731 R•8tFlcted fund8 Restricted funds 105,032 193,2211 11,811 TOTAL FUNDS 157,833 1154,7951 3,038 11. CONTINGENT LIABl￿lEs During the yeor a claim was r8ised 898inst the Society in re18tion to a procedure undertaken. At the tirne of Ihe pieparaiion ol these financial sialernent8. the outcome ol Ih? case was Uncertain, 8nd the Soaety is cwrrentty uvable lo reltably esbmate Ihe potential financial impact. 12. RELATED PARTY TRANSACTIONS Ai the reportlng date, the amount owed by ihe Society to one of rts Truslees. Dr S G Springer and Mrs S Sprir4aer in Vespe￿ ol an uThserJJred iniEresi-free was £25,00012023'. £25.0001. This108n was repaid in full subsequent to the y98r end. There were no other related party transac￿On$ durtng the current or prior year. incbjding iemuneratson or reimbursement of out4>f_po¢kel expenses made to the Twstees or Honorary (ffii¢ers, LY lo third parties for expenses incurred by the Trustees or Honoory Offi¢eps. Page 10