MIZRACHI (UK) ISRAEL SUPPORT TRUST
TO FOSTER PROMOTE AND ORGANISE THE EDUCATION (INCLUDING EDUCATION IN THE ORTHODOX JEWISH TRADITION AND RELIGION) AND ALSO THE VOCATIONAL TRAINING OF JEWISH YOUTH, JEWISH LEADERS AND REPRESENTATIVES, IN THE UNITED KINGDOM AND IN ISRAEL.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £142,503 for the year ended 31 December 2024, reversing a deficit from the previous year. However, the balance sheet shows total net assets in deficit of £194,757, with unrestricted funds at a deficit of £232,454. The trustees note that reserves are in a deficit against their three-month policy target, placing reliance on trustee support for going concern.
What the accounts disclose
“As of 31 December 2024, the reserves were in a deficit.”
“During the year, donations totalling £361,500 (2023: £262,504) were received from the trustees and companies owned by the trustees.” — page 23
“Included in other loans is a balance of £150,000 (2023: £150,000) owed to a trustee.” — page 23
“During the year, donations totalling £361,500 (2023: £262,504) were received from the trustees and companies owned by the trustees.” — page 23
“Included in other loans is a balance of £150,000 (2023: £150,000) owed to a trustee.” — page 23
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Charity Commission inquiry
“The Charity failed to document decision making in relation to the fundraising appeal.”
“The Charity failed to follow their policies and procedures which were in place to manage the risks of fundraising and sending funds internationally. This was a failure to manage the Charity’s resources responsibly.”
“Promoting the appeal was not in the Charity’s best interests, and it risked the Charity’s reputation.”
Leadership, per the charity’s website
- David Reuben — Executive Director
- Aryeh Richman — Executive Director
- Steven Blumgart — Chair of the Board
- Joel Silberstein — Treasurer
Funders the charity credits
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- STEVEN BLUMGARTchair
- Andrew Harris
- David Morris
- Joel Messod Silberstein
- Michelle Bauernfreund
- Sean Melnick
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.5m | £1.4m |
| 31/12/2023 | £897k | £1.1m |
| 31/12/2022 | £740k | £1.1m |
| 31/12/2021 | £922k | £723k |
| 31/12/2020 | £778k | £777k |
Common questions
Is MIZRACHI (UK) ISRAEL SUPPORT TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £142,503 for the year ended 31 December 2024, reversing a deficit from the previous year. However, the balance sheet shows total net assets in deficit of £194,757, with unrestricted funds at a deficit of £232,454. The trustees note that reserves are in a deficit against their three-month policy target, placing reliance on trustee support for going concern. Its FY2024 accounts were audited by Goldwins Limited.
Who funds MIZRACHI (UK) ISRAEL SUPPORT TRUST?
Funders whose own accounts filings name MIZRACHI (UK) ISRAEL SUPPORT TRUST as a grant recipient include PRISM THE GIFT FUND, BETTENHURST CHARITY LIMITED.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| PRISM THE GIFT FUND | FY2024 | £235k | Religion |
| BETTENHURST CHARITY LIMITED | FY2023 | £18k | |
| BETTENHURST CHARITY LIMITED | FY2024 | £6k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 2 | £2.2m |
| THE LAUFFER FAMILY CHARITABLE TRUST | 2 | £7k |
| BM ASSET MANAGEMENT LIMITED | 1 | £631k |
| YIZAL EDUCATION LIMITED | 1 | £450k |
| MAYFAIR CHARITIES LIMITED | 1 | £203k |
| SHULEM B. ASSOCIATION LIMITED | 1 | £108k |
| GERSON BERGER ASSOCIATION LIMITED | 1 | £106k |
| THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST | 1 | £80k |
Charities like this
- COLLEL CHIBATH YERUSHALAYIM, RABBI MEIR BAAL HANES TRUST
- MERCAZ HATORAH NETZACH YISROEL
- BRITISH EMUNAH FUND
- NER YISROEL EDUCATIONAL TRUST
- THE BRITISH JEWISH HERITAGE SOCIETY
- J & J CHARITABLE TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MIZRACHI (UK) ISRAEL SUPPORT TRUST | £1.5m | — | — | below | — | no doubt |
| COLLEL CHIBATH YERUSHALAYIM, RABBI MEIR BAAL HANES TRUST | £1.3m | — | 0 | unclear | — | no doubt |
| MERCAZ HATORAH NETZACH YISROEL | £1.4m | — | 0 | unclear | — | no doubt |
| BRITISH EMUNAH FUND | £1.0m | — | 1 | above | — | no doubt |
| NER YISROEL EDUCATIONAL TRUST | £997k | £100,001 - £110,000 | 1 | unclear | — | no doubt |
| THE BRITISH JEWISH HERITAGE SOCIETY | £339k | — | 0 | unclear | — | no doubt |