Company Registration No: 06379943 (England and Wales) (Charity Registration No: 1121960)
REPORT OF THE DIRECTORS AND TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
MY ISRAEL
(A COMPANY LIMITED BY GUARANTEE)
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Trustees and Directors | 2-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8-17 |
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)
Legal and Administrative Information
| Trustees | S M Walton |
|---|---|
| A Gerrard | |
| F C Raff | |
| R Taylor | |
| J Jayson | |
| Company Number | 06379943 |
| Charity Number | 1121960 |
| Registered Office | New Burlington House |
| 1075 Finchley Road | |
| London | |
| NW11 0PU | |
| Accountants | FKGB Accounting LTD |
| 201 Haverstock Hill | |
| Second Floor | |
| London | |
| NW3 4QG |
1
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND DIRECTORS
The trustees present their annual report and financial statements for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
PRINCIPAL ACTIVITY AND OBJECTS OF THE CHARITY
The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
The main object of the charity is the relief of hardship, either generally or individually, of people regardless of age, living in Israel and other countries by making grants of money for providing or paying for items, services or facilities.
FINANCIAL REVIEW
The company registered as a charity with The Charities Commission on 1 December 2007. The charity donates to various projects in Israel as summarised in the notes to the financial statements. The charity is organised so that people donating to charity can direct their donations towards a specific project run by the charity. In addition, there is a separate fund specifically for the administration of the charity from which all the running costs of the charity is expended.
Apart from general donations, the charity organises events in order to raise funds to further the objects of the charity.
The charity raised £910,560 (31.12.2020: £584,706) in total for the period under review as shown in the Statement of Financial Activities, and spent £936,524 (31.12.2020: £567,742). This left funds available of £390,033 (31.12.2020: £415,997) to be utilised in the future periods.
The Board of Trustees are grateful to all the people who have donated to the cause, and the hard work put in by volunteers.
ORGANISATION
The directors shown below have held office during the whole of the period from 1 January to the date of this report.
S M Walton F C Raff J Jayson A Gerrard R Taylor
2
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND DIRECTORS
The charity is organised so that the trustees meet regularly to manage its affairs. The Board has power to appoint additional trustees as it considers fit to do so.
PRINCIPAL FUNDING SOURCES
The charity funds its operation from its reserves and the donations it receives from the general public, as well as organising various events.
RISK REVIEW
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
RESERVES POLICY
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level, which enables the charity to adequately support its activities. Unrestricted funds were maintained at this level throughout the period.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company and Trust law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
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
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
3
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND DIRECTORS
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
S Walton - Chairman
Date:
4
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
We report on the accounts of the charity for the year ended 31 December 2021, which are set out on pages 6 to 17.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:
a) examine the accounts under section 145 of the Charities Act 2011,
b) to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act 2011;and
c) to state whether particular matters have come to my attention.
Independent examiner's statement
In connection with our examination, no matter has come to our attention
- Which gives us reasonable cause to believe that in, any material respect, the requirements:
a) to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006; and
b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
- to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
FKGB Accounting LTD 201 Haverstock Hill Second Floor London NW3 4QG
5
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Note INCOMING RESOURCES Incoming resources from generated funds: 2 Community, appeals and campaign costs Event costs Interest income Total incoming resources RESOURCES ALLOCATED Charitable Activities: 3 3 Expenses of the charity 4 Total resources expended NET MOVEMENT IN FUNDS Total funds brought forwards TOTAL FUNDS CARRIED FORWARDS Donations receivable and income from events Conduit contributions towards charitable projects Due Diligence, mentoring and consultancy to the projects Central operating costs Direct contributions towards charitable projects Direct contributions towards administration expenses |
Unrestricted Funds £ 140,827 - - - 140,827 - 13,661 - 13,661 - 117,308 117,308 130,969 9,858 352,640 362,498 |
Restricted Funds £ 769,733 - - - 769,733 45,143 55,660 704,752 805,555 - - - 805,555 (35,822) 63,357 27,535 |
31.12.2021 £ 910,560 - - - 910,560 45,143 69,321 704,752 819,216 - 117,308 117,308 936,524 (25,964) 415,997 390,033 |
31.12.2020 £ 584,706 - (9,594) 292 |
|---|---|---|---|---|
| 575,404 | ||||
| 61,618 49,395 387,472 |
||||
| 498,485 | ||||
| - 69,257 |
||||
| 69,257 | ||||
| 567,742 | ||||
| 7,662 408,335 |
||||
| 415,997 |
6
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes CURRENT ASSETS Unrestricted Debtors 5 Restricted Debtors 5 Funds in bank 9 Creditors: Amounts falling due within one year Unrestricted creditors 6 Restricted creditors 6 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS TO CHARITY Restricted Funds 7 Unrestricted Funds TOTAL FUNDS |
15,359 17,485 395,975 |
31.12.2021 £ 390,033 27,535 362,498 390,033 |
17,500 20,519 386,715 |
31.12.2020 £ |
|---|---|---|---|---|
| 428,819 13,590 25,196 |
424,734 3,946 4,791 |
|||
| 38,786 | 8,737 | |||
| 415,997 | ||||
| 63,357 352,640 |
||||
| 415,997 |
Company Registration No: 06379943 (England and Wales) (Charity Registration No: 1121960)
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. The director acknowledge his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The trustees acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006.
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
These financial statements were approved and authorised for issue by the Board of Trustees on ……………………. and signed on their behalf by:
S Walton Chair
7
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 ACCOUNTING POLICIES
1.1 Accounting convention
p p Statement of Recommended Practice - Accounting and Reporting by Charities and the Companies Act 2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below.
1.2 Fund Accounting
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Board of Trustees in furtherance of the general charitable objectives.
Restricted funds are funds subject to specific conditions imposed by the donors.
1.3 Incoming Resources
Voluntary income received by way of donations and grants is recognised when the Charity is legally entitled to the income, certain of receipt and the amount can be quantified with sufficient reliability. Income is deferred only when the charity has to fulfil conditions or the income relates to future periods.
Income from activities for generating funds is recognised on a receivable basis.
Investment income arises from interest bearing bank accounts and is recognised on a receivable basis.
1.4 Resources Expended
Resources are expended on the accruals basis and are inclusive of VAT.
Costs of generating funds are those costs incurred in attracting voluntary income and those that relate to the publicity of events run by the Charity.
Charitable activities include expenditure associated with the running of projects and include both direct costs and support costs related to relief of hardship.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
8
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
2 ANALYSIS OF CHARITABLE INCOME
| Conduit Funds Central Library for the Blind Collier Community Centre Committee for Ethiopian Jews in Safed Ezrat Achim IsraAid JSPCA Kesher Kuchinate LEAD Other restricted income Other restricted income |
Unrestricted Restricted £ £ - 1,000 - - - 2,549 - - - 3,725 - - - 19,000 - - - 19,000 - 45,274 Unrestricted Restricted £ £ - 55,660 - 55,660 |
Total 31.12.21 Total 31.12.20 £ £ 1,000 11,500 - 37,000 2,549 5,000 - 871 3,725 - - 4,297 19,000 - - 3,063 19,000 - |
|---|---|---|
| 45,274 61,731 |
||
| Total 31.12.21 Total 31.12.20 £ £ 55,660 - |
||
| 55,660 - |
9
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
2 ANALYSIS OF CHARITABLE INCOME (CONTINUED)
| Project Funds Animal Angels Bet Shean Foodbank Bet Yossi Building Hope Click Crossroads Dental Volunteers for Israel Family Nest Forgotten People Fund Garage Healing Hands Home Base Imagine INTRA Jeremy's Circle KAIMA Lemonade Fund Maslan Miriam's Dream Misholim Musicians of Tomorrow My Piece of the Puzzle Project Fund Respecs Shoham Tikvot Yozmot Atid Total income |
Unrestricted Restricted £ £ - 8,021 - 1,718 - 22,970 - 5,571 - 16,561 - 11,052 - 18,768 - 13,905 - 16,594 - 6,428 - - - 15,094 - 8,782 - 18,089 - 9,833 - - - 1,289 - 41,077 - 156 - 28,968 - 6,583 - 833 - 392,828 - 10,884 - 9,313 - 163 - 3,319 - 668,799 - 769,733 |
Total 31.12.21 £ 8,021 1,718 22,970 5,571 16,561 11,052 18,768 13,905 16,594 6,428 - 15,094 8,782 18,089 9,833 - 1,289 41,077 156 28,968 6,583 833 392,828 10,884 9,313 163 3,319 668,799 769,733 |
Total 31.12.20 £ 55 929 1,000 2,592 979 3,895 16,630 8,467 8,561 5,698 2,136 2,135 1,000 20,428 8,642 1,714 1,214 3,462 156 23,319 22,572 201 234,500 11,557 - 63 - |
|---|---|---|---|
| 381,904 | |||
| 443,635 |
10
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
3 ANALYSIS OF CHARITABLE CASH EXPENDITURE
| Project Funds Animal Angels Ani Shlishi Ben Kobi Bet Shean Foodbank Bet Yossi Building Hope Click Crossroads Dental Volunteers for Israel Family Nest Forgotten People Fund Garage Healing hands Home Base Imagine INTRA Jeremy's Circle KAIMA Lemonade Fund Little Steps Maslan Miriam's Dream Misholim Musicians for Tomorrow My Piece of the Puzzle Pesia's Kitchen Project fund Respecs Roots for Generation Shoham Sunrise Tikvot Yozmot Atid Other restricted donations Total project expenditure |
Unrestricted Restricted £ £ - 32,612 - 2,361 - - - 1,880 - 47,804 - 21,314 - 52,026 - 29,472 - 18,768 - 54,919 - 66,724 - 34,618 - - - 43,589 - 32,863 - 18,089 - 9,833 - 164 - 31,190 - 2,000 - 23,335 - 349 - 52,435 - 12,442 - 38,899 - 4,860 - - - 17,681 - 31,805 - 2,361 - - - - 20,359 - 55,660 |
Total 31.12.21 £ 32,612 2,361 - 1,880 47,804 21,314 52,026 29,472 18,768 54,919 66,724 34,618 - 43,589 32,863 18,089 9,833 164 31,190 2,000 23,335 349 52,435 12,442 38,899 4,860 - 17,681 31,805 2,361 - - 20,359 55,660 |
Total 31.12.20 £ 55 1,375 9,920 - 49,529 28,732 32,059 27,148 32,550 26,927 7,196 4,401 18,279 - 23,697 8,925 7,733 19,992 - - - 39,594 18,836 1,245 - 9,594 18,429 - - - - - - |
|---|---|---|---|
| - 760,412 |
760,412 | 397,062 |
11
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
3 ANALYSIS OF CHARITABLE CASH EXPENDITURE (CONTINUED)
| Conduit Funds Central Library for the Blind Collier Community Centre Committee for Ethiopian Jews in Safed Ezrat Achim IsraAid JSPCA Kesher Kuchinate Lead Total conduit expenditure Total charity expenditure |
Unrestricted £ - - - - - - - - - - - |
Restricted £ 1,000 - 2,305 - 3,725 - 19,000 113 19,000 45,143 805,555 |
Total 31.12.21 £ 1,000 - 2,305 - 3,725 - 19,000 113 19,000 45,143 805,555 |
Total 31.12.20 £ 11,500 37,000 5,000 871 - 4,297 - 2,950 - |
|---|---|---|---|---|
| 61,618 | ||||
| 458,680 |
4 EXPENSES OF THE CHARITY
The expenses of the charity are listed by heading for the individual amount as follows:
| Accountancy Bank Charges Campaign/Events General Office Foreign exchange loss (gain) Insurance Marketing & fundraising Salaries (See Note 4.2) Overseas travel Professional fees Sundry Total |
Charitable Activities £ - 12,638 - 1,962 (1,257) - 50,596 46,927 462 1,818 681 113,827 |
Governance £ 3,125 - - - - 356 - - - - - 3,481 |
Total 31.12.21 £ 3,125 12,638 - 1,962 (1,257) 356 50,596 46,927 462 1,818 681 117,308 |
Total 31.12.20 £ 2,750 2,466 3,181 3,319 141 - 11,042 45,602 756 - - |
|---|---|---|---|---|
| 69,257 |
12
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
- 4.1 The expenditures relate to the following cost centres maintained by the charity
| Central operating costs Total 4.2 Staff remuneration Total ANALYSIS OF STAFF COSTS |
Total 31.12.21 £ 117,308 117,308 Total 31.12.21 £ 46,927 46,927 |
Total 31.12.20 £ 69,257 |
|---|---|---|
| 69,257 | ||
| Total 31.12.20 £ 45,602 |
||
| 45,602 |
The average number of employees during the period were 2 (2020: 2.)
5 DEBTORS
| Trade debtors Accrued income Prepayments |
Unrestircted £ 2,859 12,500 - 15,359 |
Restricted £ 7,575 9,910 - 17,485 |
Total 31.12.21 £ 10,434 22,410 - 32,844 |
Total 31.12.20 £ 2,298 34,061 1,660 |
|---|---|---|---|---|
| 38,019 |
13
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
6 Creditors: Amounts falling due within one year
| Trade creditors Deferred income Other creditors Tax and social securities Accruals Total |
Unrestricted 9,986 - - 479 3,125 13,590 |
Restricted - 24,013 1,183 - - 25,196 |
Total 31.12.21 £ 9,986 24,013 1,183 479 3,125 38,786 |
Total 31.12.20 £ - 4,791 - 70 3,876 |
|---|---|---|---|---|
| 8,737 |
7 RESTRICTED FUNDS CASH MOVEMENT
| Central Library for the Blind Committee for Ethiopian Jews in Safed IsraAid Kesher Kuchinate LEAD Other restricted funds Conduit Funds Other restricted funds |
At 1 January 2021 £ - - - - 113 - 113 At 1 January 2021 £ - - |
Incoming Resources £ 1,000 2,549 3,725 19,000 - 19,000 45,274 Incoming Resources £ 55,660 55,660 |
Resources expensed and event costs £ (1,000) (2,305) (3,725) (19,000) (113) (19,000) (45,143) Resources expensed and event costs £ (55,660) (55,660) |
At 31 December 2021 £ - 244 - - - - |
|---|---|---|---|---|
| 244 | ||||
| At 31 December 2021 £ - |
||||
| - |
14
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
7 RESTRICTED FUNDS CASH MOVEMENT (CONTINUED)
| At 1 January 2021 £ Animal Angels - Ani Shlishi - Bet Kobi 99 Bet Shean Foodbank 162 Bet Yossi 1,000 Building Hope 270 Click - Crossroads - Dental Volunteers for Israel - Family Nest - Forgotten People Fund - Garage 126 Healing hands - Home Base - Imagine 1,000 INTRA - Jeremy's Circle - KAIMA 164 Lemonade Fund - Little Steps - Maslan 1,744 Miriam's Dream 194 Misholim - Musicians of Tomorrow 5,859 My Piece of the Puzzle 126 Pesia's Kitchen - Project Fund (MI Campaigns) 52,430 Respecs - Shoham - Sports Bridge to Education - Tikvot 72 Yozmot Atid - Adjustment (2) 63,244 63,357 Project funds Total restricted funds |
Incoming Resources £ 8,021 - - 1,718 22,970 5,571 16,561 11,052 18,768 13,905 16,594 6,428 - 15,094 8,782 18,089 9,833 - 1,289 - 41,077 156 28,968 6,583 833 - 392,828 10,884 9,313 - 163 3,319 - 668,799 769,733 |
Transfer from Project Funds £ 24,591 2,361 (99) - 23,834 15,473 35,912 18,420 - 41,014 50,130 28,675 - 29,269 23,081 - - - 29,901 2,000 - (1) 23,467 - 37,940 4,860 (440,132) 6,797 22,492 2,361 - 17,651 3 - - |
Resources expensed £ (32,612) (2,361) - (1,880) (47,804) (21,314) (52,026) (29,472) (18,768) (54,919) (66,724) (34,618) - (43,589) (32,863) (18,089) (9,833) (164) (31,190) (2,000) (23,335) (349) (52,435) (12,442) (38,899) (4,860) - (17,681) (31,805) (2,361) - (20,359) - (704,752) (861,215) |
At 31 December 2021 £ - - - - - - 447 - - - - 611 - 774 - - - - - - 19,486 - - - - - 5,126 - - - 235 611 1 |
|---|---|---|---|---|
| 27,291 | ||||
| 27,535 |
15
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
7 RESTRICTED FUNDS - CONTINUED
Name of Fund
Description, nature and purpose of the fund
Animal Angels Committed to healing and rehabilitating humans and animals Ani Shlishi Second-hand clothing store providing employment and training to youth-at-risk. Beit Eli and Beit Shean Foodbank Providing hot food for underprivileged families. Beit Kobi Support for lone soldiers in the Givati unit. Bet Yossi Centre that provides emotional therapy and support to families in crisis and distress Building Hope Urgent renovations for homes in distress. Click To create handicrafts for elderly peoples centre. Crossroads Councillors for troubled teenagers. Dental Volunteers for Israel Dental care for under privileged children. Family Nest Centre for women and families at risk in Ashkelon. Forgotten People Fund Relief for struggling Ethiopian families. Garage Art preparation course for adults with mental health problems Healing Hands Physical and emotional therapies for cancer patients Home Base Support for a football team, women's choir, private lockers, and a street clinic for the homeless in Jerusalem. Imagine Enabling children with all types of special needs to improve their lives through musical activities. INTRA Therapeutic horse riding for disabled. Jeremy's Circle Helping the children of families affected by cancer. KAIMA Organic farm which supports at risk teenagers Lemonade Fund Financial grants to breast cancer patients experiencing financial difficulty. Little Steps To support children with Duchenne and Becker muscular dystrophy. Maslan Rape crisis centre. Miriam's Dream Independent living for adults with severe physical disabilities. Misholim Art therapy for children with communication problems. Musicians of Tomorrow Provides tuition to musically gifted children living in the northern Israel. My Piece of the Puzzle Camps and activities for youth-at-risk and children with special needs. Pesach Appeal 2019 Providing holiday provisions to underprivileged families Pesia's Kitchen Rescues produce from restaurants and supermarkets, to distribute to shelters and other needy populations.
16
MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
7 RESTRICTED FUNDS - CONTINUED
Name of Fund
Description, nature and purpose of the fund
Project Fund Allocated by team/trustees to projects most deemed in need at that time Respecs Low cost glasses for people in need. Roots for Generation After school programme for elders to assist children with special needs. Shoham Offering academic skills and training to Ethiopian youth-at-risk. Tikvot Sports therapy for terror victims. Yozmot Atid Mentoring women from low socio-economic situations to develop small businesses.
8 Share Capital
There is no share capital as the Company is limited by guarantee. The liability of the members is limited to £10 per member.
9 Cash funds breakdown
| Description Restricted funds Unrestricted funds |
NatWest NatWest Savings Total 16,525 - 16,525 54,106 325,344 379,450 |
|---|---|
| 70,631 325,344 395,975 |
17