Finance Score: 2

Governance Score: 0

Support Score: 0

Liabilities <10%: +3
Excess reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

No supporters identified

Overall GiG Score: 2

THE GALILEE FOUNDATION

To relieve poverty and advance the education of Palestinians living in Israel & the Palestinian Territories, regardless of gender or faith, in particular but not exclusively by promoting culture, heritage, art, science and research initiatives by the provision of training, advice and support.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £3,361,557 available, equivalent to 30 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/23		£1,933	£1,353	£580	£22	£4,136	£3,362	29.8	4	0
31/08/22		£623	£911	£-288	£11	£3,822	£3,798	50	3	1
31/08/21		£875	£995	£-120	£8	£3,652	£3,646	44	3	1
31/08/20	*	£1,137	£973	£165	£24	£3,743	£3,513	43.3	2	0
31/08/19		£1,791	£1,808	£-17	£13	£4,058	£3,944	26.2	2	0
31/08/18		£838	£1,045	£-208	£13	£3,825	£3,806	43.7	1	0
31/08/17		£1,596	£1,145	£450	£56	£4,179	£4,018	42.1	1	0
31/08/16		£763	£1,246	£-483	£1	£4,938	£4,843	46.6	1	0
31/08/15?		£923	£533	£389	£113	£3,445	£3,173	71.4	1	0
31/12/14		£833	£726	£107	£13	£3,056	£2,987	49.3	1	0
31/12/13		£811	£647	£164	£33	£2,645	£2,645	49.1	1	0
31/12/12		£283	£356	£-74	£0	£0	£0	n/a	0	0
31/12/11		£447	£2,488	£-2,041	£0	£0	£0	n/a	0	0
31/12/10		£372	£300	£72	£0	£0	£0	n/a	0	0
31/12/09		£144	£126	£18	£0	£0	£0	n/a	0	0
31/12/08	*	£37	£110	£-73	£0	£0	£0	n/a	0	0
31/12/07	*	£165	£21	£145	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.3%
Fundraising Costs/Total Spending: 1.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 81%
Reserves/Spending: 29.8 months
Net Current Assets/Spending: 19 months
Quick Ratio: 67.7

Asset Split ?

Established: 17 years

www.galileefoundation.org.uk

admin@galileefoundation.org.uk

02079938355

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

Legal & financial advice

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Sponsors or undertakes research

Where it operates

Israel, Occupied Palestinian Territories, Throughout London,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Age Range of Trustees: 52-76

DR KATHERINE BUCKNELL MAGUIRE Appointed: 2022, Occupation: Company Director

DR MARWAN BISHARA, Occupation: Journalist

EYAD MAHAMEED Appointed: 2016, Occupation: Lawyer

KHALIL JAHSHAN Appointed: 2016, Occupation: Executive Director - Arab Centre Washington Dc

LEILA GARADAGHI Appointed: 2009, Occupation: None

SAWSAN ASFARI Appointed: 2006, Occupation: Housewife, Other trusteeship: THE ASFARI FOUNDATION,

YOUSEF SALAH BAZIAN Appointed: 2012, Occupation: Partner With Pwc

Legal constitution

Charitable company registered in England & Wales on 26/04/2007, number: 1118966
Registered at Companies House on 28/12/2006, number: 06037771

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

17 returns made; AR20: 105 days late, AR08: 15 days late, AR07: 19 days late,

Main office

Unit A 3
1 Canfield Pl
London
South Hampstead
NW6 3BT

Objectives

(1) TO ADVANCE THE EDUCATION AT ALL LEVELS OF ARABS IN OR LIVING IN ISRAEL AND THE PALESTINIAN TERRITORIES, REGARDLESS OF GENDER OR FAITH, IN PARTICULAR BUT NOT EXCLUSIVELY BY ORGANISING AND ENCOURAGING EDUCATION, CULTURE, HERITAGE, ART, SCIENCE AND RESEARCH INITIATIVES;(2) TO RELIEVE THE POVERTY OF ARABS IN OR LIVING IN ISRAEL AND THE PALESTINIAN TERRITORIES, REGARDLESS OF GENDER OR FAITH, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF ADVICE, TRAINING AND SUPPORT.

Defined Area of Benefit:

ISRAEL

Data Sources