Charity registration number 241458 (England and Wales)
AKIM
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
AKIM
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr B Lightman | |
|---|---|---|
| Mr A Broza - Chairman | ||
| Mr V Cohen FCA - Treasurer | ||
| Ms B Kober | ||
| Charity registration | England and Wales | 241458 |
| Principal address | 22 Golf Close | |
| Stanmore | ||
| HA7 2PP | ||
| Independent examiner | RDP Newmans LLP | |
| Lynwood House | ||
| 373-375 Station Road | ||
| Harrow | ||
| Middlesex | ||
| HA1 2AW |
AKIM
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 11 |
AKIM
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Constitution, the Charities Act 2011 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).
Objectives and activities
The Charity's primary purpose is to raise funds for AKIM-The Israel Association for the Habilitation of Mentally Handicapped Children and other similar institutions.
The Charity achieves this objective by holding a supper quiz evening each year as well as receiving donations, subscriptions and legacies from its supporters. Funds are also raised by assisting other charities with quiz evenings who then make donations to AKIM and provide publicity as to the work undertaken by the charity. An advert appears in the Jewish Chronicle every fortnight making potential donors aware of the charity and its work. Mailshots are sent out periodically to those donors who have provided support in the past.
In this context the Trustees have complied with the duty in section 17 (5) of the 2011 Charities Act in giving due consideration to the Charity Commission's guidance on Public Benefit.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
The results for the year are set out in the Statement of Financial Activities on page 5.
The charity was able to raise funds for the benefit of mentally handicapped children based in Israel, to be utilised for various projects. All this was achieved through the hard work of a dedicated committee working in a purely voluntary capacity.
Financial review
The charity makes grants to AKIM homes and other similar institutions situated throughout Israel that further the objects of this charity. Applications for grants are reviewed by the trustees.
During the year the charity had total income of £52,561 (2024: £31,087), and £34,000 (2024: £22,000) was remitted to AKIM Israel. The trustees consider the performance of the charity during the year to be satisfactory.
In the year under review, the unrestricted fund balance increased to £14,251 (2024: £4,268). The trustees consider the fund balance to be adequate in view of the few overheads of the charity.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.
The trustees are mindful of their reserves policy (as stated below) and once again the charity managed to keep its administrative costs to an absolute minimum.
Reserves Policy
The trustees have reviewed the reserves of the charity. The review encompassed the nature of the income and expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves. The review concluded that there were no fixed commitments but that the charity obviously had a responsibility to fund the annual Supper quiz evening. All other funds were only being retained until these had reached a certain target for the next gift to Israel as the trustees have planned.
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AKIM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Risk Management
The trustees have a formal risk management process to assess business risks and implement risk management strategies. This involves identifying the types of risks the charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. As part of the process the trustees have reviewed the adequacy of the charity's current internal controls. The trustees are pleased to report that the charity's internal financial controls, in particular, conform with guidelines issued by the Charity Commission.
Plans for future periods
The charity intends to continue their fundraising efforts in the coming years and as they have in the past proven to be successful, they have no plans to change them materially.
The charity aims to remit funds to AKIM Israel - The Israel Association for the Habilitation of Mentally Handicapped Children and other similar charitable institutions.
Structure, governance and management
The Friends of AKIM was established by constitution on 22 September 1965 and was approved by the Inland Revenue Charity Division on 7 December 1965. The charity was registered with the Charity Commission on 7 December 1965. On 23 July 1997 the charity changed its name from "The Friends of AKIM" to "AKIM". The charity's affairs are governed by its constitution which allow for any activities covered by the charity's objectives with no specific restrictions. The principal address of the charity is 22 Golf Close, Stanmore, Middlesex, HA7 2PP.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr B Lightman Mr A Broza - Chairman Mr V Cohen FCA - Treasurer Ms B Kober
Organisational Structure
The board of trustees is the governing body which administers the charity. All major decisions are made by the board which meets regularly to discuss and formulate policy and to decide on strategy. A scheme of delegation is in place and day to day responsibility for the affairs of the charity rests with Mr A Broza who acts as Chair of the Board of Trustees.
Trustee Induction and Training
Any new trustees would upon appointment be fully briefed and trained by the existing committee and made aware of their responsibilities and duties. Where deemed necessary they would be sent to external training courses relevant to their appointment.
The Trustees' report was approved by the Board of Trustees.
.............................. .............................. Mr V Cohen FCA - Treasurer Ms B Kober Trustee Trustee Date: .............................................
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AKIM
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees 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).
The law applicable to charities in England and Wales 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 of the Charity for that year.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
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 sufficient 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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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AKIM
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AKIM
I report to the Trustees on my examination of the financial statements of AKIM (the Charity) for the year ended 31 December 2025, which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s Board of Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of 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.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.
Independent examiner's statement
I have completed my examination. I confirm that no material 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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accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
David Finn FCA RDP Newmans LLP
Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW Date: ............................
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AKIM
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 28,988 | 13,006 |
| Charitable activities | 4 | 23,551 | 18,066 |
| Investments | 5 | 22 | 15 |
| Total income | 52,561 | 31,087 | |
| Expenditure on: | |||
| Raising funds | 6 | 7,131 | 5,776 |
| Charitable activities | 7 | 34,000 | 22,000 |
| Other expenditure | 11 | 1,447 | 1,410 |
| Total expenditure | 42,578 | 29,186 | |
| Net income and movement in funds | 9,983 | 1,901 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2025 | 4,268 | 2,367 | |
| Fund balances at 31 December 2025 | 14,251 | 4,268 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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AKIM
BALANCE SHEET
AS AT 31 DECEMBER 2025
| Notes Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Net assets The funds of the Charity Unrestricted funds The financial statements were approved by the Trustees on ... |
2025 £ 768 14,563 15,331 1,080 ...................... |
£ 14,251 14,251 14,251 14,251 |
2024 £ - 5,348 5,348 1,080 |
£ 4,268 |
|---|---|---|---|---|
| 4,268 | ||||
| 4,268 | ||||
| 4,268 | ||||
.............................. Mr V Cohen FCA - Treasurer Trustee
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AKIM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
Charity information
AKIM is an unincorporated charity registered in England and Wales. The principal address is 22 Golf Close, Stanmore, Middlesex, HA7 2PP. The Charity is registered at Charities Commission with registration number 241458.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the Charity's Constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements 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.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
AKIM
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is included on an accruals basis and has been classified under headings that aggregate all costs relating to the category.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
1.6 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8 Non-cash Donations
A substantial contribution to the activities of AKIM is supplied in the form of voluntary services and donated facilities. The financial benefit of these non-cash donations have not been recognised in these accounts as by their nature it would be impractical to quantify in monetary terms.
1.9 Fund Accounting
The charity's general funds consist of funds which the charity may use for its purpose entirely at its own discretion.
The charity also receives funds which are restricted in their use by the donors to the benefit of certain institutions in Israel. As can be seen in the accounts, the trustees account for these funds separately.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
AKIM
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
In the view of the Trustees, there are no significant accounting estimates and judgements applied.
3 Income from donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Donations and gifts | 5,719 | 3,006 | |
| Legacies | 23,269 | 10,000 | |
| 28,988 | 13,006 | ||
| 4 | Income from charitable activities | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fun run and supper quiz | 23,551 | 18,066 | |
| 5 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable | 22 | 15 |
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AKIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
6 Raising funds
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Function and publicity costs | ||
| Staging fundraising events | 5,196 | 4,898 |
| Advertising | 1,935 | 878 |
| 7,131 | 5,776 |
7 Charitable activities
| Grant funding of activities (see note 8) 8 Grants payable Grants to institutions: AKIM Israel |
2025 £ 34,000 2025 £ 34,000 |
2024 £ 22,000 |
|---|---|---|
| 2024 £ 22,000 |
All resources of the charity whether they be directly allocated to activities or support costs are wholly incurred in connection with the charity's prime and sole activity.
9 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or reimbursement of expenses from the charity during the year.
10 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
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AKIM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
11 Other
| Bank charges Accountancy fees |
2025 £ 367 1,080 1,447 |
2024 £ 330 1,080 |
|---|---|---|
| 1,410 |
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13 Debtors
| 13 Debtors |
||
|---|---|---|
| Amounts falling due within one year: Other debtors 14 Creditors: amounts falling due within one year Accruals and deferred income |
2025 £ 768 2025 £ 1,080 |
2024 £ - |
| 2024 £ 1,080 |
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January | Incoming | Resources | At 31 | |
|---|---|---|---|---|
| 2025 | resources | expended | December | |
| 2025 | ||||
| £ | £ | £ | £ | |
| General funds | 4,268 | 52,561 | (42,578) | 14,251 |
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2024 | resources | expended | December | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 2,367 | 31,087 | (29,186) | 4,268 |
16 Related party transactions
There were no disclosable related party transactions during the year (2024- none).
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