The Keren Mitzvah Trust
Report and Financial Statements
Year Ended
31 December 2020
Registered Charity 1041948

The Keren Mitzvah Trust
Report and ftnancial statements
for the year ended 31 December 2020
Contgnl$
Pagg:
Report of the trustees
Independent examiners report
Statement of financial activities
Balance sheet
Notes forming part of the finanGial statements
Trustees
M Weiss
A Mccormack
N Bradley
Reglstered address
1 Man¢hester Squa￿. London, W1 U 3AB
RggSstergd oharity number
1041948
Independent gxaminer
Stuart Mckay Bsc FCA DChA
MHA Maclntyre Hudson, 2 London Wall Place. London EC2Y SAU
Banker6
Barclays Bank pl¢, One Churchill Place. London. E14 5HP

The Keren Mitzvah Trust
Report of the Trustees
for the yearended 31 December 2020
The Trustees presenl their reF)Ort and the financial statements for The Keren Mi12vah Trust for the year ended
31 December 2020. These a¢¢ounts comply with the Charty's trust deed, the Charities Act 2011 and the
"Accounb'ng and Reporting by Charrties". Statement of Recommended Practice applicable to charit￿S preparing
their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland
IFRS 102}"
structure governance and management
The Keren Mitzvah Trust was established on 29 September 1994 by Trust Deed. and is registered with the Charity
Commission under registered number 1041948.
Trustee Appointment
TheTruslees are appointed at the discretion ofthe existing trustees. On appointment, the decision-making process
of the Trust is explained to new TnJstees by one of the existing Trustees who also provide an overview of the
administralive procedures employed by the Trust.
The Trust 1$ not a ￿MpleX organisation and there is a simple management structu￿.
Trustees
The Trustees of the Charity during the year and to the dale of this report, unless otherwise slated were..
M Weiss
A Mccormack
N Bradley
Oblectlves and actlvitlas
The Charity was established under its Deed to appty the Charity's income 8Trd capital for the advancement of su¢h
charilable purpose as the Tru51ees shall. in their absolute discretson from time lo time, think fit.
Grant maklng pollcy
The recipients of donations by the Trust are agreed by the Trustees who, in their deliberation5, consider the use to
which the recipients propose to put their respective donations. Each grant is considered on its own merits.
Achlevemenls and performance for the publlc beneflt
The Trustees confirm that they have referied to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Foundats'on's aims and objectives and in planning future aclivitses.
All activities have been undertaken for the furtherance of public benefit and for the furtherance of the Charity's
purpose as per it5 Trust Deed.
During the year the Trustees made grants lotalling £90.660 {2019.' £131,131) to various charitable organisations in
the areas of povety relief, religious advancement, educakn"on, and heaSlh. All of these grants were unrestricted.
Specific details of the recipients of these grants are given in note 6 to these accounts.
The Trustees continue to consider appropriate recipients for fvrther grants.
Plans for future perlods for the publle benefit
The Trustees will continue to hold existing funds so as to be available for Current and fulure charitable uses.

The Keren Mitzvah Trust
Report of the Trustees
for the year ended 31 December 2020 {￿n￿nUed)
Financlal r8vlew
At year end the Trust hekl funds of £14,887 {2019: £15.856).
ReseNes al the end of the period are adequate for the ongoing objectives of the Trust and are held for the purpose
of future grants.
ReseNas pollcy
The Tnjstees intend to continue lo support similar charitable concems as have been supported in recent years, for
the foreseeable future. As the Charity operales on minimal overheads, the level of reseNes required lo be
maintained are deemed to by the Trustees to be no more than £5,000. Any reserves held over this amount at year-
end are the fesull of liming differences and have been subsequenuy granted.
Rlsk managèm¢nt
The Trustees are of the opinion that the Charity faces minimal risks. The Trustees will continue to assess any new
risks facing the Charity as part of their ongoing duties.
Fundralslng statement
Section 162a of the Charities Act 2011 requires charits'e5 to make a stslemenl regarding fundraising activities.
Alhough we do not undertake widespread fundraising from the general public, the legisl2lion defines fund raising
as 'soliciting or otherwise procuring money or other property for ¢haritsble purposes" Such amounts receivable
are presented in our accounts as'voluntary income. and includes legacies and grants.
In relation lo the above we confirm that all solicitalions are managed internally. without involvement of commercial
participators or professional fund-raisers, or Ihird parties. The day lo day management of all income generation is
delegated to the executive team. who are acwuntable to the Trustees.
The Charity is not bound by any undertaking or by any regulatory scheme and the Charity does not consider It
necessary to comply with any voluntary code of practice.
Vve have receNed no complaints in relation lo fvndraising activities. As we do not approach individuals for funds.
we do not consider the Charity to undertake public fundraising aetNities, nor do we consider it necessary to design
specific procedures to monitor such acb'vities.
Charities Governance Code
The Keren Milzvah Trust recognises that good governance in a charity is fvndamental lo rts Success. The Keren
Mitzvah Trust are continually working towards achieving the highest standards of govemance, by reference lo the
prtn¢iples and recommended practice of the charity governance code.
Impact of COVID-19
The Trustees have considered the effect of COVID-19 upon the Charity and believe that it is unlikely to have a
signifficanl impact on rts activities, operations and financing, both now and going forward. Furthermore, given the
nature of the funding of the Charity, the Trustees are satisfied that there will be no expected effect upon its
current and future financial sustainability and going concem.

The Keren Mitzvah Trust
Report of the Trustees
for th• year ended 31 December 2020 (continued)
Trusteos, rgsponsibilities
The Trustee5 are responsible for preparing the Annual report and the financial statements in accordance with
applicable taw and regulations.
Charity law requires the Twstees lo prepare financial ststements for each financial year in accordance with United
Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable
lawl. Under charity law the Trustees must not approve the financial statements unless they are satisfied that they
give a true and fair view of the State of affairs of the Gharity and of the incoming ￿sourceS and application of
resourc8s, including the income and expenditure, of the charity for that period.
In preparing these financial 51atemenls, the Trustees are reqUI￿d lo".
select suilable accounting policies and then apply them consistenuy,.
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK 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 unkss it is inappropriate to presume Ihal the
charity will continue in business.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the
harity's transactions and disclose with reasonable accuracy al any lime the financial position of the charily and
enable them to ensure that the financial statements comply wrth the Charities Act 2011. 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 iffegularities.
Approved by thè Trustaas and signod on their ￿half by
6•
N Bradley
Trustee
Date. I I 11011021

The Keren Mitzvah Trust
Report of the Independent Examine￿8
for the year ended 31 December 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KEREN MITZVAH TRUST
I reportto the Trustees on my examination of the accounts of The Keren Mrtzvah Trust for the yearended 31 De￿rnber
2020, which are set out on pages 5 to 12.
Responsibilities and basis for report
As the charity trustees of the Trust you are responsible for the preparats'on of the accounts in accordance with the
requirements of the Charities Act 2011 ("the Act.).
I report in respecl of my examination of the Trust's a¢￿Unts carried out under section 145 of the 2011 Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
seGlion 14515)Ibl of the Act.
Independent exarningrfs statgmgnt
I have completed my examination. I confirm that no material matters have come lo my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by section 130 of the Act., or
2. the accounts do not accord with those records," or
3. the accounts do not comply with the applicable requirements conceming the form and content of the
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 nol a matter considered as part of an independenl
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 lo enable a proper understanding of the accounts to be reached.
Stuart McKay Bsc FCA DChA
for and on behalf of
MHA Maclntyre Hudson
Chartered Accountants
2 London Wall Place
London
EC2Y SAU
Date.. 1511012021

The Keren Mitzvah Trust
Statement of financial activities
for the year ended 31 Decgmber 2020
Note
Unrestri¢ted
funds
Unrestr￿ted
fvnd$
2020
2019
Income
Dorsations
Investment income
93,341
19
111,725
41
Totsl Income
93,360
111,766
Expanditure
Charitable activities
{94,3291
1134,4841
Total ¢xp¢nditur¢
194,3291
1134,484}
Net In¢omellexp6ndlturel
9691
{22,718)
Funds brought foThvard
15,856
38,574
Funds carried fO￿ard
14.887
15,856
The Charity made no recognised gains or losses in the year other than the movement in net funds sel out above.
All income and expenses derive from continuing operations.
All funds held are unrestricted.
The notes on pages 7 10 12 foTm part of these financial statements.

The Keren Mitzvah Trust
Balance sheet
at 31 D•¢•mbor 2020
Note
2020
2019
Current assets
Debtors
Cash al bank and in hand
125
17,162
125
20,131
17.287
20,256
current Ilabllltles
Creditors.. amounts falling due within one year
(2,400)
14,4CQ)
Not assets
14,887
15,856
Unrestrlcted funds
General fund
14,887
15,856
The financial statements were approved by the Trustees and authorised for issue on
Signed on behalf of the Trustees
N Bradley
Tru$tee
The notes on pages 7 to 12 fomi part of these financial statements.

The Keren Mitzvah Trust
Notes fomiing part ofthe financlal statements
for the year ended 31 December 2020
Accountlng poll¢les
The financial statements have been prepared under the historical cost convention.
The a¢counts lfinan¢ial ststementsl have been prepared in accordance with the Statement of Re¢ommend&J
Pra¢tice'. A¢¢ounting and Reporting by CharitEs preparing their a¢counls in accordance with the Financial
Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United lfjngdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011 and UK Generally Accepted Practice as li applies from 1 January 2015. The accounts
(financial statements) have been prepared to give a 'true and fair, view and have departed from the Charibes
(Accounts and Report5) Regulatsons 2008 onty to the extent required lo provide a 'true and fair vEv*. This
departu￿ has involved following Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿land {FRS 102)
issued on 16 July 2014 rather than the Accounting and Reporting by Charities". Statement of Recommended
Practi￿ effective from 1 April 2005 which has since been withdrawn.
The Trust constitutes a public benefft enb'ty as defined by FRS 102.
The Financial Statements a￿ presented in £ sterling, the functional cUr￿ncY, rounded to the nearest £1.
The Financial Ststemenls are prepared on the going concern basis which assumes that The Keren Milzvah
Tiustwill continue in operational existence for the foreseeable future The Board of Trustees have considered
the working capital and cash flow requirements and consider that the current and forecast cash resources are
sufficient to cover the working capital requirements of the Charity for at least 12 months from the signing date
of these financial statements.
There are no signfficant areas of judgement nor key accounting estimates that affect items in the financial
statements.
Accounting convention
The accounts have be8n prepared under the historical eost convention.
Fund accounting
Funds hekl by the Chanty are unrestricted funds.
Income
All income is recognised once the Charity has entrtlement to the income, it is probable that the income will be
eived and the amount of income receivable can be measured reliably. Donations and the related gift aid
lax are accounted for on receipL
Investment income is ac¢ounted for on a receivable basis.
Expenditu
All expenditure is accounted for gross, on an accruals basis. Expenditure is recognised once Ihere is a legal
or constructive obligation to transfer economic benefit lo a third party, it is probable that a Iransfer of economic
benefits will be required in settlement and the amount of the obligat￿n can be measured reliably.
Grants payable are payments made lo third parties in the furtherance of the charitable objectives of the Trust.
The grants are accounted for where either the Trustees have agreed to pay the grant without condition and
the recipient has a reasonable expectation that they will re¢eive a grant, or any condition attaching lo the grant
is outside the eontrol of the Trust.

The Keren Mitzvah Trust
Notes fomilng part of the flnan¢ial Ststements
for the year ended 31 December 2020 (continued)
A¢¢ounting poli¢ies continued
Foreign currenGy
Foreign Cu￿encY transactions of the Trust are translated at the rates ruling when they occurred. Foreign
currency monetary assets and liabilities are translated al the rates ruling at the balance sheet dates. Any
differences are taken to the profit and loss account.
Cash Ilow slatemgnt
The accounts do not include a cash flow statement because the Chanty, as a small reporting entity, is exempt
from the requirement to prepare a cash flow statement under the Accounting and Reporting by Charities..
Statemenl of Recommended Practice applicable lo Charities preparing their aeeounts in accordance with the
UK Generally Accepted Accounb'ng Practices {UKGAAPI.
Allocation of ovgthgad and support costs
Overhead and support costs have been allocated entirely to charitable activity. These costs have been
attributed to the type of charitable activity on a pro-rala activity cost by total cost basis.
Charitable acliviti8s
Cosls of ¢harilable a¢tivities include grants made and overhead and support costs as shown in note 5.
Realised gains and losses
All gains and losses are taken to the statement of financial a¢b'vities as they arise.
Financial instruments
The Charity onty holds basic Financial Instruments. The financial assets and financial liabilities of the Charity
are as follows..
Debtors- trade and other debtor {In¢luding a¢erued income) are basic financial instruments and a￿ debt
instruments measured at amortised cost as detailed in Note 7. Financial liabilities - trade creditors. accruals
and other creditors are financial instruments, and are measured at amortised cost as detailed in Note 8.
Deferred income is not deemed lo be a financial liability, as the cash sethement has already taken place and
there is an obligation to deliver setvices rather than cash or another financial instrument.
Accounting estimates and judgements
In the aPpI￿ation of the Charity's accounting policies, the Truslees are required to make judgements.
estimates and assumptions about the carrying amounts 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 lo 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 if the revision affe¢ls only that period
or in the period of the revision and future periods if the revision affects both current and future periods. The
Trustees do not consider there are any critical judgements (y sour¢es of estimation Un￿rtaInty requiring
disclosure beyond the accounting policies listed above.

The Keren Mitzvah Trust
Notes fomilng part of the financial statements
for thg year gnded 31 December 2020 (¢ontinued)
Related party transaction5
The following related party transa¢tions arose during the year..
The Trust made grants of £50012019.. £nill to The Good Deed Foundation. a charity administrated from
the same address. Messis Weiss. Mccormack and Bradley are trustees of The Good Deed Foundat￿n.
Unrestsicled income includes a total of £70,59012019.' £73,925) from The Good Deed Foundation.
TTustoos' rèmunèration
The Trustees are considered to be the Key Management Personnel of the Charity. The Trustees re￿iVed no
remunerats'on in respect of their services lo the Charity {2019." £Nill and were not reimbursed any expenses
12019.. £Nil}.
Voluntsry Incomg
2020
2019
DonatK•ns
93,341
111,725
All donations received in the current and pnor year were Unrestricted.
Analysis of charitable gXPgnditur•
The Trust undertook no direct charitable activities but awarded grants in fijrtherance of ils charitable activities.
Details of the grants awarded can be found in note 6.
Grant8
made
Support
costs
2020
Direct charitable expenditure:
Religious advancement
Education
Health
Poverty relief
General ¢haritable
Related Parties
57,710
17,950
7,500
2.000
5,000
500
2,336
726
304
81
202
20
60.046
18.676
7,804
2.081
5,202
520
90,660
3,669
94,329

The Keren Mitzvah Trust
Notes forniing part of the flnancial statements
for the year ended 31 December 2020 (continugd)
Analysis of Charitsblo expenditure (continu￿)
Grants
made
Support
costs
2019
Direct choritablg pxpenditure:
Relig￿U5 ?dvanGement
Education
Health
Poverty relief
General charitable
Related Parties
86,643
27,498
8,860
3,080
5,050
2,216
703
226
79
129
88,859
28,201
9,086
3,159
5,179
131,131
3,353
134,484
2020
2019
Support Costs .
General Expenses
Bank Charges
Exchange rate Variance
Govemance costs- Independent
exarniners fee
403
375
31
2,860
388
525
40
2,400
3,669
3,353
The Trust has no employees {2019'. none).
10

The Keren Mitzvah Trust
Notes forming part of the financial statements
for the year ended 310ecember 2020 f¢ontlnued)
Charitable grants
All granls made during the year were to institutions. Charitable grants which lotalled £5.000 or more, made
during the year are as follows..
Reclplent
2020
2019
Religious advancement
Achisomoch
Chevras Mo'oz Ladol
Torah & Chesed
Others <£5,000
42,400
8,000
70,815
10,568
5,260
7,310
Total rellglous advancement
57,710
86,643
Educatlon
Kisharon
Hasmonean Girts School
Others <£5,000
7,500
5,000
5.450
7,500
19,998
Total educatlon
17,950
27.498
Health
Camp Simcha
Others <£5,000
7,500
7,500
1,360
Total health
7,500
8,860
Poverty relief
Others <£5.000
2,000
3,080
Total povorty relief
2,000
3,080
Genoral ¢haritable
Noa Girls
Others <£5,000
5,000
5,050
Total general charitable
5.000
5.050
R•lated parti88
The Good Deed Foundation
500
Total r6lattd p•rti8s
500
Total ¢harltsble donatlons
90,660
131.131

The Keren Mitzvah Trust
Notes fom)Ing part of the financial statements
for the year ended 31 December 2020 (continued)
Debtors
2020
2019
Amounts recoivab19 Withln one ygar:
Other debtors
125
125
Credllors: amounts falllng due wlthln one year
2020
2019
Other creditors and accruals
2,400
4.400
2,400
4,400
12