AKIM
RAISING FUNDS FOR MENTALLY HANDICAPPED CHILDREN
Objects
TO ADVANCE THE EDUCATION AND REHAILITATION OF MENTALLY AND PHYSICALLY HANDICAPPED CHILDREN (FOR FULLER DETAILS SEE CONSTITUTION)
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £8,396 for the year, resulting in unrestricted fund balances decreasing from £12,522 to £4,126. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future. Administrative costs were kept to an absolute minimum, with total resources expended significantly exceeding incoming resources.
What the accounts disclose
“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.” — page 4
Policies the charity declares
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- ANTHONY BROZA
- BARRY LIGHTMAN
- Barbara Kober
- Vivian Cohen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £53k | £43k |
| 31/12/2024 | £31k | £29k |
| 31/12/2023 | £12k | £19k |
| 31/12/2022 | £9k | £22k |
| 31/12/2021 | £26k | £5k |
Common questions
Is AKIM financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £8,396 for the year, resulting in unrestricted fund balances decreasing from £12,522 to £4,126. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future. Administrative costs were kept to an absolute minimum, with total resources expended significantly exceeding incoming resources. Its FY2024 accounts were independently examined.