Charity number: 1137199
MIZRACHI (UK) ISRAEL SUPPORT TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

MIZRACHI IUK) ISRAEL SUPPORT TRUST
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Independent Examiner's Report
statement of Financial Activities
Balanco Sheot
Statement of Cash Flows
Notes to the Flnanclal Ststements
9-22

MIZRACHI IUK) ISRAEL SUPPORT TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
D D Morris
S Blumgart
G Kurland
S Rubin (Resigned 1 February 20221
M Fruhman
S Melnick
M 88uernfreund
A Pfeffer (Resigned 1 February 20221
A Harris (Appointed 1 October 20211
Charlty reglstered
number
1137199
Reglstered address
2 Hallswelle Road
London
NW11 ODJ
Principal operatlng
office
44a Albert Road
London
NW4 2SJ
Chlef executlve offlcer
Rabbi A Shaw
Accountants
BKL Audit LLP
Chartered Accountants
35 Ballards Lane
London
N3 1XW
Page 1

MIZRACHI IUK) ISRAEL SUPPORT TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their annual report together with the financial statements of the charity for the 1 January
2021 to 31 December 2021.
Objectives and activities
a. Polieies and objectives
The objectives of the charity are lo further promote the work of Mizr8chi by working in schools, communities and
Campus lo St￿ngthen the Jewish community's connection to Modern Orthodoxy and a strong connection to the
Stale of Israel.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8
charity IPB21'.
Aehievements and performance
a. Review of activities
During this post pandemic period Mizrachi UK continued to work with communities, partner organisations and
schools through the Leadership Programmes IMizr8chi Fellowship and Shlichiml as well as through a variety of
Community Engagement Programmes IProgrammes in Partnership, Weekend of Inspiffttion and Bespoke
Programming). A new initiative called Yehudi, is the latest programme to be launched that promotes positive
Jewish eXperien￿S that nourishes young people's ment81 health through".
mentoring activities that reduces isolation through activities and weekends away
reducing isolation by affording opportunities lo meet with likeminded peers and seniors
increasing self confidence by being able to receive reassurances from someone they admire
having hope for the future by feeling that their Involvement has meaning and a direct impact on the people
around them
Yehudi has positively impacted 790 young people by working with 660 Year 6 children in 15 schools, 106 Year
12 volunteers Imadrichiml and 24 Mentors and Leadership Team, all within the ideological framework of
Mizrachi UK.
Financial review
. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources to continue In operational existence for the foreseeable fvjture. For this reason, they continue lo adopt
the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going
COn￿M basis can be found in the accounting policies.
b. Roserves policy
The reserves policy of the charity requires a three month reserve. Therefore as at 31 December 2021 the charity
had sufficient fvnds to satisfy this policy and tehir going COn￿M status.
Page 2

MIZRACHI IUK) ISRAEL SUPPORT TRUST
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
c. Financial position at the year end
During the year, the charity received donations and other income of £922,48612020 - £777,597). Expenditure in
the year tolalled £721,565 12020 £777,335) leaving an in year surplus of £200,921 12020 - £2621. Reserves at
the year end stood at a surplus of £201,24212020 - £3211. As detailed above, the trustees aim to improve the
financial standing of the charity.
Structure, govemance and management
a. Constitution
The charity is a charitable tnjsl formed under a trust deed dated 5th February 2010. It is registered with the
Charity Commission of Eng18nd and Wales, Charity Number 1137199.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
c. Polieies adopted for the induction and training of Trustees
New trustees are given training based on an audit of skills that they possess on appointment and roles that they
18ke on appointment.
Plans for future periods
Mizrachi UK is 8clively fundraising to support the two a￿aS of Leadership and Community Engagement and to
grow the newly launched Yehudi Programme.
Page 3

MIZRACHI IUK) ISRAEL SUPPORT TRUST
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financi81 statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the slate of affairs of the charity and of ils incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting estimates that are reasonable and prudent",
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the charity's transactions and disclose with reasonable accuracy al any lime the financial position of the charity
and enable them lo 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 hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
S Blumgart
Trustee
Dale.. 3111012022
Page 4

MIZRACHI IUK) ISRAEL SUPPORT TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Independent Examinerfs Report to the Trustees of Mizrachi IUKI Israel Support Trust I'the
charity'l
I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31 December
2021.
Responsibilities and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in 8ecord8nce with the
requirements of the Charities Act 2011 I'the 2011 ACVI.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent Examiner's Statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of 8 body listed in
section 145 of the 2011 Act. l confirm that l am qualified lo undertake the examination because l am a member
of the Institute of Chartered Accounlanls in England and Wales., which is one of the listed bodies.
Your allenlion is drawn lo the fact that the charity has prepared the accounts in accordan￿ with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the exlanl regulations bul has been withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair view in aceordanee with
the Generally Aecepled Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no mallers have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act," or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements conceming the form and conlenl of
accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement
that the accounts give a 'true and f81¢ 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 accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the charity's
Trustees those mallers l am required lo slate to them in an Independent Examiner's Report and for no other
purpose. To the fullest exlenl permitted by law, I do not a¢￿p1 or assume responsibility lo anyone other than the
charity and the charity's Trustees as a body, for my work or for this report.
Signed..
Dated.. 3111012022
lan Saunderson FCA
BKL Audit LLP
Chartered Accountants
London
Page 5

MIZRACHI IUK) ISRAEL SUPPORT TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Total
funds
2020
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
704,581
160,845
27,713
29,347
733,928
160,845
27,713
566.969
184,416
26,212
Total income
893,139
29,347
922,486
777,59T
Expgnditure on:
Charitable activities
692,804
29,961
722,765
777,335
Total expenditure
692,804
29,961
722,765
177,335
Net movement in funds
200,335
16141
199,721
262
Reconciliation of funds:
Totsl funds brought forward as
previously staled
Prior year adjustment
110,0301
10,351
321
23,748
(23,689)
Total funds brought forward as restsled
Nel movement in funds
110.0301
200,335
10,351
16141
321
199,721
59
262
Total funds carried forward
190,305
9,737
200,042
321
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 10 22 form part of these financial slalemenls.
Page 6

MIZRACHI IUK) ISRAEL SUPPORT TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Fixed assets
Tangible assets
10
501
501
Current assets
Debtors
Cash al bank and in hand
148,257
203.008
61,404
45,344
351,265
106, 748
Creditors.. amounts falling due within one
year
12
1116,387)
(62,444)
Net current assets
234.878
44,304
Total assets less current liabilities
234,878
44,805
Creditors.. amounts falling due after more
than one year
34,8361
(44,484)
Total net assets
200,042
321
Charity fund$
Reslricled funds
Unrestricted funds
14
14
9.737
190,305
70,351
(10,030)
Total funds
200,042
321
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
S Blumgart
Trustee
Dale.. 3111012022
The notes on pages 9 10 22 form part of these financial slatemenls.
Page 7

MIZRACHI IUK) ISRAEL SUPPORT TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Cash flows from operatlng actlvltles
Nel cash used in operating activities
83.181
(41,664)
Cash flovts from financing activities
Cash inflows from new borrowing
Repayments of borrowing
80.000
5,517)
50,000
Net cash provided by financing activities
74,483
50,000
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
157.664
8,336
45,344
37,008
Cash and cash equivalents at the end of the year
203,008
45,344
The notes on pages 9 10 22 form part of these financial statements
Page 8

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
1.1 Basis of preparation of financial ststements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities
preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20151, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and 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 inVo￿ed following the Charities SORP IFRS 1021 published on 16
July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has Sin￿ been withdrawn.
Mizrachi IUKI Israel Support Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are Inilialty rec(4nised at historical cost or transaction value unless otherwise
stated in the relevant accounb.ng policy.
1.2 Going concern
Al the balance sheet dale of the charity, its nel fLJnds did not cover its committed expenditure for the
first 3 months of 2021. However, the Trustees have prepared the accounts on a going concern basis,
dLJe to a commitment from the Trustees to support the charity.
The Trustees consider that based on the circumstances existing at the dale of signature, the impact
of the Coronavirus outbreak will not effect the ability of the charity to continue as a going concern. As
such, the trustees consider that the charity is able to continue its activities for a period of at least
twelve months from the dale of signature of these accounts and the accounts have therefore been
prepared on a going concem basis.
1.3 Income
All income is recognised On￿ the charity has entitlement lo the income, it is probable that the income
will be received and the amoLJnt of income receivable can be measured reliably.
Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the lime of the donation.
Page 9

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies Icontinuedl
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not allributable lo a single activity are apportioned belMeen those activities on a basis consislenl with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on diredy undertaking the activities which further the
charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.5 Coronavirus Job Retention Scheme income and expenditure
Furlough income is re￿1vable as compensation for salary expenses already incurred and lo give
immediate financial support to the Company with no future related costs. This income is recognised
in the Slalement of Income and Retained Earnings in the same period as the related expenditure.
1.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
1.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives,
Depreciation is provided on the following bases..
Fixtures and fillings
Computer equipment
33D/o straight line
33Q/o straight line
Page 10

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies Icontinuedl
1.8 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the selllemenl can be eslimaled reliably.
Liabilities are recognised al the amount that the charity anlicipales it will pay lo settle the debt or the
amount il has re￿iVed as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
1.11 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Restricted funds are fvnds which are to be used in accordan￿ with specific reslriclions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Page11

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from donations and legacies
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Total
funds
2020
Donations
Grants
Government grants
704,581
704.581
29,347
369, 773
175, 760
21,436
29,347
704,581
29,347
733.928
566,969
Tol812020
416,209
150, 760
566.969
Income from government grants all related lo the Coronavirus Job Retention Scheme.
Income from charitable activities
Unrestricted
funds
2021
Total
funds
2021
Total
funds
2020
Events
9,874
148,469
5,529
2,886
17,658
Teaching
Educational Programme
Book sales
115,379
37,351
2,581
5,534
115,379
37.351
2.581
5,534
Magazine income
Total 2021
160,845
160.845
184,416
Total 2020
184,416
184,416
Page 12

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2021
Total
funds
2021
Total
funds
2020
Fundraising income
27,713
27,713
26,212
Total 2020
26,212
26,212
Anatysis of grants
Grants to
Grants to
Institutions Individuals
2021
2021
Total
funds
2021
Total
funds
2020
Israel scholarships
27,051
117,299
144.350
155,699
Total 2020
70,054
85.645
755.699
Main recipients of institutional grants
2021
2020
Mizrachi Olami
25.851
1,200
68,854
1,200
Mizrachi IUKI
27,051
70,054
Page 13

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysis of expenditure on charitable activities
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Total
funds
2020
Support costs
Direct costs
Grants
192,434
381,871
118,499
192.434
385,981
144,350
237,280
384,356
155.899
4,110
25,851
692,804
29,961
722,765
777,335
Total 2020
636.926
140,409
77T,335
Analysls of dlrect costs
2021
2020
Educational programme
Events
24,232
16,159
38.117
4.110
19,248
258,732
25.383
26,007
25,221
22,591
16,642
Magazine expenses
Speakers
Trips
Wages and salaries
National Insurance
275,065
18,830
385.981
384,356
Page 14

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysis of support costs
2021
2020
Rent
IT costs
Phone charges
Bank charges
General expenses
Literature publishing and printing
Travel
Shaliach expenses
Accounting fees
Loan interest
Postage
Advertising
Legal expenses
Motor vehicle expenses
Staff training
Wages and salaries
National insuran
Pension cost
Depreciation
18.720
11,683
2,339
108
21.779
69
78,679
20,252
4,519
65
22,266
417
16
36
63.390
5.093
695
236
140, 144
2,899
116
25.119
3.079
1,153
597
3,513
17.888
1.755
18,214
501
19.017
1,578
3,129
650
192,434
237.280
Independent examiner's remuneration
2021
2020
Fees payable to the charity's independent examiner for the independent
examination of the Charity's annual accounts
2,500
2.640
Page 15

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
staff costs
2021
2020
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
276.620
27.138
18,214
294,082
20,408
3,129
321,972
317,619
The average number of persons employed by the charity during the year was as follows..
2021
No.
2020
No.
Employees
12
12
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2021
No.
2020
No.
In the band £110,000 - £120,000
In the band £120,000 - £130,000
The lolal amount of employee remuneration benefits received by key management personnel was
£179,91812020. £170,437).
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits (2020- £NIL).
During the year ended 31 December 2021, no Trustee expenses have been incurred (2020- £NIL).
Page 16

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10. Tangible fixed assets
Fixtures and
fittings
Computer
equipment
Total
Cost or valuatlon
At 1 January 2021
1,503
6,368
7,871
At 31 December 2021
1.503
6.368
7.871
Depreciation
At 1 January 2021
Charge for the year
1.002
501
6.368
7,370
501
At 31 December 2021
1,503
6,368
7,871
Net book value
At 31 December 2021
At 31 December 2020
501
501
11.
Debtors
2021
2020
Due within one year
Trade debtors
123.257
56,560
4,844
other debtors
Prepayments and accrued income
25,000
148,257
61,404
Page 17

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
12. Creditors: Amounts falling due within one year
2021
2020
Bank loans
Trade creditors
Other laxalion and social security
Other creditors
Accruals and deferred income
89.647
4.400
7,836
3,272
11.232
5,516
24,071
6, 732
19,414
6,711
116.387
62,444
13. Credltors: Amounts falllng due after more than one year
2021
2020
Bank loans
34.836
44,484
Page 18

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Statement of funds
statement of funds - current year
Balance at
31
December
2021
Balance at 1
January
2021
Income Expenditure
Unrestricted funds
General Funds - all funds
{10.030}
893,139
1692.804}
190,305
Restrlcted funds
Chidon Hatsnach
Yeshiva & Seminary fundraising campaign
Mizrachi Fellowship Programme
4.807
15,500
9,040
14.110)
{25.851}
697
10.351
9,040
10.351
29.347
129,961}
9.737
Total of funds
321
922,486
1722.765}
200,042
Chidon Hatanach." The aim of Chidon HaTanach is to promote and ￿lebrate Tanach study amongst
Jewish youth lo both deepen Torah knowledge and strengthen Jewish identity.
Yeshiva & Seminary fundraising campaign". The aim of the fundraising campaign was to assist Yeshivot
and Seminaries in Israel offset the increased infraslruclure costs associated with operating their
programs during the pandemic. These are the educational establishments where our Fellows study.
The Mizrachi Fellowship Programmes creates the next generation of Modern Orthodox Religious Zionist
Rabbis and Educators. They are funded through three to five years of study in Israel lo obtain the
necessary qualifications with the expectation they return lo the UK live and work in our communities,
partner organisalions and schools.
Page 19

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Statement of funds (continued)
statement of funds - prior year
As restated
Balance al
l January
2020
Balance at
31
December
2020
Income Exp8nditure
Unrestricted funds
General Funds - all funds
59
626,837
f636,926J
(70,030)
Restrlcted funds
Rabbinical Fellowship Programme
Chidon Hatanach
Yeshiva & Seminary fundraising campaign
55.540
16,015
79,205
(55,540)
(16,015)
{68,854J
10,351
150. 760
(140,409)
10.351
Total of funds
59
777,59T
f777,335J
321
15. Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestrlcted Restrlcted
funds
funds
2021
2021
Total
funds
2021
Current assets
Creditors due within one year
Creditors due in more than one year
341,528
1116,3871
134,8361
9,737
351,265
{116,3871
134.8361
Totsl
190,305
9,737
200,042
Page 20

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Analysis of net assets between funds {continuedl
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
R8Strict&d
funds
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
501
501
96,397
(62,444)
(44,484)
10,351
106,748
(62,444)
(44,484)
Total
(10,030)
10,351
321
16.
Re¢on¢iliation of net movement in fvnds to net cash flow from operating activities
2021
2020
Nel income for the year las per Statement of Financial Acliviliesl
199.721
262
Adjustments for:
Depreciation charges
Increase in debtors
Decrease in creditors
501
{86,853}
131,388)
650
(37,614)
(4,962)
Net cash provided byllused inl operating activities
81,981
(41,664)
17.
Analysis of cash and cash equivalents
2021
2020
Cash in h8nd
203,008
45,344
Total cash and cash equivalents
203,008
45.344
Page 21

MIZRACHI IUK) ISRAEL SUPPORT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
18. Analysis of changes in net debt
At1
January
Operating
2021 cash flows
Other non-
At31
cash December
changes
2021
New loans
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
45.344
15.5161
144,4841
157.664
203.008
189.6471
134,8361
184.1311
19. Related party transactions
Included in other creditors is a balance of £1,201 {2020'. £17,539) owed to Rabbi Andrew Shaw, the Chief
Executive Officer.
During the year, donations tolalling £297,500 {2020.' £305,500) were received from the trustees and
companies owned by the trustees.
During the year, grants of £1,20012020'. £1,200) were made to Mizrachi IUKI, a Charitable Incorporated
Organisation with common Iruslees.
Included in bank loans is a balan￿ of £80,00012020'. £Nill owed to a trust with common trustees.
Page 22