## **A Palette of Opportunity** REGISTERED CHARITY NUMBER 1125362 ANNUAL REPORT AND ACCOUNTS FOR YEAR ENDING 31[ST] MARCH 2022 ## **Contents** Structure, governance and objects Trustees’ report Targets and performance Achievements and performance Outcomes of Misgav’s activities Financial review Independent examiner’s report Statement of Financial Activities Balance Sheet Notes to the financial statements Legal and administrative details Page 2 Page 3 Page 4 Page 7 Page 9 Page 11 Page 12 Page 13 Page 14 Page 15 Page 20 ## Structure and governance ## **STRUCTURE, GOVERNANCE AND OBJECTS** Misgav is governed by its Trust Deed dated February 2006, which states the object of improving the lives of disabled women. The charity is an unincorporated registered charity – registration number 1125362. The Board of Trustees are responsible for the governance and overall management of the organisation. The trustees who served the charity during the period were: Mrs Yutta Domb Mrs Katalin Tesler Mrs Toby Berger Mrs Zeldy Frankel Day-to-day management of activities is carried out by the Director, supported by Project Managers, Finance Manager and administrative support. Misgav’s activities are supervised and run by the Group Coordinators, 10 part-time employees, 1 full time, 59 sessional staff, as well as 25 dedicated volunteers. The Trust Deed requires that the number of Trustees shall not be less than three, and no more than seven. The power to appoint new Trustees is vested in the existing Trustees. New Trustees are recruited for their competence, specialist skills and ability to promote the objectives of the Charity. New Trustees are appointed by the resolution of the Trustees, which is recorded in the minutes and signed by a Trustee. New Trustees are given induction and appropriate training by the current Trustees. ## Objects Our primary, overarching aim continues to be to improve the lives of disabled women, supporting them in developing their life skills, improving their health and wellbeing, and enhancing their opportunities to lead a safe and fulfilling life while achieving their individual potential. Misgav’s secondary aim is to continue to support users’ parent-carers and family members, by providing them with essential regular respite from their ongoing, increasingly stressful task as caregivers, as both they and their daughters grow older. ## Public benefit The trustees have reviewed the charity’s aims, objectives and future plans, and confirm that they comply with the public benefit guidance as published by the Charity Commission. ## Misgav’s users gain a palette of skills with which they paint a more independent, happier reality and make a positive mark on our community. ## Growth: needs and a new range of activities While the previous financial year was characterised by pause, uncertainty, new ways of thinking and delivering our programmes – this financial year could be summed up in one word as ‘growth’ – in many aspects of our work. First, disabled users, carers and staff felt the growth of impatience to get back to normal. Yet over the year we have faced uncertainties with new variants of Covid – Delta in July and Omicron in December 2021. We have weathered those with a well-practiced range of safety measures and an attitude to adapt and ‘get on with it’. What has become apparent to us is that things have changed for Misgav and our users so much since the pandemic that there might be no return to the ‘before’, even as we have successfully reintroduced all our pre-Covid programming. This is because 21/22 has delivered unprecedent growth of needs – circumstances have changed for our users and their carers, and so they have for staff, volunteers and Misgav as an organisation. Disabled women, many of whom are clinically vulnerable and their carers because of their age and medical conditions are being disabled by the society and left behind without measures to cope with a new reality. Adding to this a lingering trauma of the pandemic on our disabled households with all its implications for the wellbeing and finances. To address those new needs, this year we have focussed on: **----- Start of picture text -----**
3
**----- End of picture text -----**
## **TRUSTEE’S REPORT** Improving mental health of disabled users and alleviating the pandemic’s impact. We have engaged Dr Topper, a clinical psychologist, to work with our users and their families, as well as staff across all programmes to help them return to Misgav and a wider range of activities in the community. In our holistic approach we guide users on how to cope better with anxieties and teach resilience skills. Our sport, art and music activities provide great tools for successful therapeutic interventions. We hope that this low-level mental health support will progress from ad-hoc work with only high-needs cases to a fully rolled out programme which will help users at the earliest possible stage when their mental health requires a boost. Facilitating good transitions for new users joining Misgav and users who need to move to the next stage of their independence. The demand for a supported living is growing and with initial funding committed from Delapage we have worked on this new venture with external consultants funded by the Lloyds Foundation, staff at the Interlink Foundation and representatives of Hackney and Haringey councils. Expanding the day programme into a full range of skills training and hands on group work experiences which dovetail with our job placements. By the end of this financial year, we are offering 11.5 hours of day group programming which for the first time includes a formal, accredited IT training co-delivered with Vista Education. The gardening, nutrition, soft and work skills as well as cooking programmes provide a set of skills that helps users become more engaged and independent. Dance was added to our daily afternoon activities as users felt this type of exercise would be beneficial especially to those who struggle with stamina and motivation to keep fit. Our social media and local press communications were expanded. Access to social care benefits for all eligible users – we have extended our advisory service and practical help with personal budgets applications. This part is essential to users’ wellbeing but also to Misgav’s survival as costs of our programmes have risen along with cost of fuel and inflation. Advocacy - we have worked with local and national disability rights organisations to make sure we stay informed and present the voice of our unique community at fora which affect local and national change. Increase staff capacity as our governance ‘health checks’ highlighted this as a measure to ensure that our growth is sustainable. We have employed 3 part-time staff including 2 new admin workers and a Grants Writer who has received in house training to help us secure grants in an increasingly challenging fundraising environment. ## ## Targets **I** We plan to set up skill courses geared at a group of higher achievers, open to members of the community who need the We have added new sessions and are on course of providing skills in an appropriate social setting for them. Their care-givers a full day programme of skills training and group work need that respite, but potential users consider themselves too opportunities. mainstream to join Misgav as users. **II** We hope to increase our administrative capacity to enable us We have hired 2 new admin staff, a junior Grant Writer to be trained in-house to extend the fundraising capacity and a to manage more effectively and run more efficiently. coordinator to develop wellbeing support. **III** The Covid year has left its mark on our users, directly affecting their behaviour and performance at our sessions. We aim to employ a behavioural specialist for a period of 6 months, to assess the triggers and behaviour patterns for each of our users, draw up crib sheets, and train our onsite staff with the best behaviour management techniques. Our work with Dr Topper, a clinical psychologist, has had a great impact on the most urgent cases thanks to a holistic intervention. On average she has spent 3 months per household helping address behavioural patterns of concern (unsafe self-soothing, overeating, panic attacks). After the training staff and volunteers reported feeling better-equipped to help users with behaviours challenges. ## Performance **4** ## **TARGETS FOR NEXT YEAR** I. To fully utilise resources offered by partners such as Lloyds and Solace foundations to devise a sound organisational strategy and business planning for the supported living II. Extend staff and volunteer training especially in the area of mental health and on ways of enhancing co-production with users. III. To extend staff capacity in line with the growth of the employment programme and to address more complicated logistics when finding and co-ordinating job placements. This reflects extra health risk considerations and training since the pandemic and a need to replace partners who went out of business/changed mode of work during the lockdowns. IV. Respond to an acute need to fill in the gap in local provision between term activities and residential camps by providing summer and winter day camps. These will not only bridge the care provision for carers but also for users, and will prevent routine upheavals and ‘holiday slide’ in skills. V. Explore and apply for new ways to: promote the art programme, test/introduce new social enterprise ideas and to improving financial and eco sustainability of Misgav. **5** Misgav is most fortunate to partner with those who support and empower us, turning our visions into reality. The **National Lottery Community Fund** - Reaching Communities and **City Bridge Trust** with their multi-year awards give us capacity to develop and enhance programming. Over the past two years the **Lloyds Bank Foundation** has benefited Misgav way beyond the monetary value of the core funding they have generously invested in us. Staff at Lloyds have shared our vision for a more resilient charity and a sustainable response to our users’ and carers’ urgent needs. We have learned so much from the mentoring and business consultancy that are shaping our supported living and other projects. We are also grateful for the networking and opportunities to present our users’ voice on pressing issues such as accessible banking. **Solace Labyrinth** funding has given us a real boost to expand our employment programme. This investment gave us a great leverage to attract further funding, which in turn helped us introduce a new accredited IT course. We are also extremely fortunate to have partners such as **The Joseph and Lilian Sully Foundation** who have been our long-term supporters and friends. Your trust and encouragement have boosted our morale when we started facing this precarious new financial climate. Our main funders of the year were: - 29th of May - Barnet Giving - Childwick Trust - Disability Rights UK - Hackney Giving - Kirsch Foundation - Sport England - Westfield/Foundation for Future We are also grateful to: Arnold Clark, Barchester Trust, Barnet Community Response, London Catalyst, London City Airport, London Cycling Campaign, Souter Charitable Trust, Sported Foundation, Stockwell Cliffe, The Hiscox Foundation, The Field Family Trust Signed on behalf of the trustees: ## **A WORD OF GRATITUDE** **----- Start of picture text -----**
‘My Misgav
friends
boost my
mood ’
‘Music and sport
sessions infuse
me with energy.. ’
‘I feel warmed
and encouraged
Users’
by the smile of my
Feedback
support worker’
‘The aerobic and
dance lets me
kick away my
troubles and feel
good ’
‘I love the fun
way we get to
express our-
selves at Art ’Misgav is
a happy
Therapy’
place…. ’
**----- End of picture text -----**
Mrs Yutta Domb 30 January 2023 **6** ## **ACHIEVMENTS AND PERFORMANCE** Misgav helps its users reach their maximum level of independence, by recognising their challenges and focusing on positive change: ## Necessity of Misgav activities: **100%** answered ‘High’ ‘Misgav activities gives her day structure - she would otherwise have nothing else to do’. ## Satisfaction of weekly activities: **92%** said extremely satisfied, **8%** said satisfied - ‘They focus on Sarah’s unique needs!’ ‘I feel she really gains a lot!’ ‘It’s varied and interesting’ ‘Misgav activities are absolutely essential - it gives her access to all different activities. ’ ## PARENTS SURVEY 2022 ## Impact of our programme on your daughter’s wellbeing/mental health **80%** significant impact **20%** some impact Impact of our programmes on the mental health of carers and your family in general **78%** significant impact, **22%** some impact - ‘Gives us all a break, knowing she has where to spend time safely.’ - ‘Keeps her happy and satisfied’ ## Impact of our activities on your daughter’s physical activity: **78%** said excellent **22%** said very good ‘Exercise is very important for Miriam who won’t move much otherwise’ ‘The physical activity during dancing really keeps her active’ ‘Leah lives with older people and the time she spends with company similar to her age at external activities are vital to her general wellbeing ’ How much do Misgav’s activities help with your daughter’s sense of loneliness/ isolation? ‘Without Misgav she would have no social life’ - ‘She is making friends and feels a sense of belonging’ **7** Over the past year Misgav has developed and managed our users’ daytime schedules, ensuring they have the best chances in the working world. Their very individualised work placements, along with group courses to up their skills, has stretched them and given them real feelings of satisfaction and fulfilment. Alongside this, we have continued to deliver high-quality sports and arts respite sessions daily. In a warm and welcoming environment, our users and volunteers engage in reaching their set targets together, enhancing valuable life skills and improving their stamina and general health. ## ~~8583 HOURS OF VOLUNTEER OPPORTUNITIES PER YEAR~~ ## Who we work with ## Independence and life-skills activities - 41 women with moderate/severe learning - and physical disabilities, from Hackney, Haringey and Barnet. Our residential holidays are attended by women from across the UK. - 41 gardening sessions - 50 cookery sessions ## Advocacy and support for parent/ carers - 45 social skills sessions - Over 112 family members ## Residentials and Bank Holiday trips and activities - 29 bake& create sessions - 105 young people in the community - working/ volunteering - We ran 3 parent workshops with a lawyer, making parents aware of their legal rights and obligations. - 7 card making workshops - 2 weeks residential in the summer • 1 week residential in the winter - 21 social skills sessions - A team of one-to-one support workers - 29 employers of local businesses/ shops - and offices - 28 IT sessions - We have piloted one application for deputyship. - 6 day trips ## Arts activities ## Sports activities ## Volunteers ## Community Campaign - 43 music sessions - 46 art therapy sessions - 43 creative arts sessions - 33 netball sessions - 34 swimming sessions - 21 cycling sessions - 3 training events - 1 volunteer appreciation event - 1 volunteer recruitment event - 3 Initial meetings to plan and prepare for large community fundraising campaign. - 34 gym sessions ## Celebration events - 2 showcase celebration events for family, friends and volunteers - 9 aerobics sessions - 34 dance workout sessions - 13 1:1 gym sessions ## ~~1553 HOURS OF PROGRAMMING DELIVERED~~ **8** Our work programme has made great strides, as more users have joined, benefiting from unique and tailor-made work schedules. Under our closely managed programme our users are coached and trained to fill their positions well, and communicate professionally with their employers. ## Support Workers & Staff ## Work Skill group sessions ## **OUTCOMES OF MISGAV’S ACTIVITIES** - 28 IT sessions - 1 manager - 16 support workers, supporting users in their jobs - 45 social skills sessions - 45 social enterprise sessions - 25 communication skills sessions - 4 instructors for skill courses - 6 project staff (incl psychologist and 5 young women as sessional keyworkers who helped out at some sessions). ~~1269 HOURS OF~~ - ~~WORK PLACEMENTS~~ **----- Start of picture text -----**
‘I like the space
to work at my
own pace’
How do
’Calm, always
there for me’ my work
placements
make me feel?
Users respond...
’Confident, I
feel I can do it’
‘I have my
place in the
community’
**----- End of picture text -----**
**9** **The programme is essential for users’ Users’ satisfaction with personal development the programme: and wellbeing:** **Significant/positive impact of our programme on their mental health:** **Programme important to reduce their isolation:** **----- Start of picture text -----**
11% 11%
22%
100% 89%
78%
89%
Very Happy Very positive Some positive Vital Great
happy impact impact importance importance
**----- End of picture text -----**
‘Liz, aged 26, who is learning disabled and has some mobility issues, likes calm environment and predictable workload. Misgav found and support Liz’s induction at a local personalised gifts company. She assists in fulfilling delivery orders and uses her artistic flair honed in our art classes to create beautiful gift arrangements. Her employers needed some induction training as they had no previous contact with a learning-disabled person, and little help to adjust the work to Liz’s needs. Now they work well as a team and both look forward to the afternoons when Liz is in the shop. ’ ‘Janet looks forward to social enterprise all week long! She will always ensure that she is free during that slot and will absolutely not allow me to book any appointments during that time! Social enterprise is her favourite session. I am so gratefull that she has this opportunity to develop skills in such a supportive setting.’ **Janet’s mum age 68** ## **Leah (owner of local gift store)** **10** ## **Financial Review** This financial year (April 2021- March 2022) saw the after-effects of Covid and the challenges of fundraising for increased services. Whilst income increased by £68,000, expenditure on charitable activities rose by £185,00. The rise in expenditure was due to increase in service provision, both in the number and quality of services and in the number of service users. This year, Misgav developed and expanded its employment programme, day programme, sports provision and one-2-one support. Costs have also risen, especially in the running of residential camps. This upsurge in costs was mainly funded from brought forward reserves. ## **FINANCIAL REVIEW** During the previous financial year, Covid restrictions had placed a pause on many of the charity’s activities, resulting in a brought forward level of reserves this year that was unusually high. The trustees determined to use £38,885 of these reserves to improve and expand services in the best interests of the charity. This still leaves the charity in a healthy position. Misgav’s current level of reserves is still at the higher end of its policy of holding 3-6 months’ operational costs. The trustees will aim for income to match expenditure in the year to March 2023. A crowdfunding campaign is planned which will hopefully allow Misgav to achieve its fundraising goals in conjunction with the many grant funding opportunities of which it continues to take advantage. ## **Reserves Policy** The trustees aim to maintain free reserves at a level of 3-6 months’ running costs. Last year the level of free reserves was almost 12 months of running costs. The trustees position is that the charity should use those extra funds to benefit service users and this brought the level of free reserves this year (£185,747) to 5 months’ running costs. Signed on behalf of the trustees: Mrs Yutta Domb 30 January 2023 **11** I report to the trustees on my examination of the financial statements of Misgav (‘the charity’) for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s financial statements 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 section 145(5)(b) of the Act. ## **INDIVIDUAL EXAMINER’S REPORT** ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. The financial statements do not accord with those records; or 3. The financial statements do not comply with the applicable requirements concerning the form and content of 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 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. ## _David Goldberg_ ## **David Goldberg, FCA DChA Cohen Arnold** New Burlington House 1075 Finchley Road LONDON NW11 0PU 30 January 2023 **12** ## STATEMENT OF FINANCIAL ACTIVITIES |STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||||| |**For the year ending 31 March 2022**|||||||||||||||**Total**
**Funds**
**_2021_**
£
5,451
350,800
**356,251**
20,434
232,937
**253,371**
**102,880**
0|| |Unrestricted
Funds
Restricted
Funds
**Total Funds**
**_2022_**
Unrestricted
Funds
Notes
£
£
**£**
£|||||||||||||||**Total**
**Funds**
**_2021_**
£
5,451
350,800
**356,251**
20,434
232,937
**253,371**
**102,880**
0|| ||||||||||||Restricted
Funds
£|||||| |||||||||||||||||| |||||||||||||||||| |||||||||||||||||| |||||||||||||||||| |**Income from Donations & Legacies**||||||||||||||||| |Income from Donations & Legacies|||4,613||||**4,613**||4,451|||1,000||||| |Charitable Activities|||208,352|211,357|||**419,709**||123,865|||226,935||||| |||||||||||||||||| |**Total Incoming Resources**
4|||**212,965**|**211,357**|||**424,322**||**128,316**|||**227,935**||||| |||||||||||||||||| |||||||||||||||||| |**RESOURCES EXPENDED**||||||||||||||||| |||||||||||||||||| |RaisingFunds|||33,463||||**33,463**|||20,434||||||| |Charitable Activities|||218,387|204,356|||**422,743**|||30,214||202,723||||| |**Total Resources Expended**
5|||**251,850**|**204,356**|||**456,206**|||**50,648**||**202,723**||||| |**Net Movement In Funds**|||**-38,885**||**7,001**||**-31,884**|||**77,668**|||**25,212**|||| |||||||||||||||||| |**Transfer To / (From)**
**Reserves**|||0||0|||||||||||| ||||||||||||||||**102,880**
**156,191**
**259,071**|| |**Net Reserves for the Year**|||**-38,885**||**7,001**||**-31,884**|||**77,668**|||**25,212**|||| |||||||||||||||||| |**Total Funds**
**Brought Forward**|||**224,632**|**34,439**|||**259,071**||**146,964**||||**9,227**|||| |||||||||||||||||| |||||||||||||||||| |**Total Funds**
**Carried Forward**
14/15||**£**|**185,747**|**£ 41,440**|||**227,187**|**£**|**224,632**|||**£**|**34,439**|**£**||| |||||||**£**||||||||||| |||||||||||||||||| **13** ## BALANCE SHEET ## **As at 31 March 2022** |||Notes||||_2022_
£|||_2021_
£| |---|---|---|---|---|---|---|---|---|---| ||||||||||| ||**Fixed Assets**||||||||| ||Tangible Assets|11||||2,425|||3,233| ||**Current Assets**|||||2,425|||3,233| ||||||||||| ||Debtors|12||62,205||||35,043|| ||Cash at Bank and in Hand|||168,721||||281,550|| ||**Creditors**|||230,926||||316,593|| ||||||||||| ||Amounts falling due within one
year|13|||(6,164)|||(60,755)|| ||||||||||| ||||||||||| ||**Net Current Assets**|||224,762||||255,838|| ||||||||||| ||**Total Assets less Current**
**Liabilities**|||227,187||||259,071|| ||||||||||| ||||||||||| ||**Creditors**||||||||| ||Amounts falling due
after more than oneyear|11|||||||| ||||||||||| ||**Net Assets**||**£**|**227,187**|||**£**|**259,071**|| ||||||||||| ||||||||||| ||**Restricted Funds**|14||41,440||||34,439|| ||**Unrestricted Funds**|15||185,747||||224,632|| ||**Total Funds**||**£**|**227,187**|||**£**|**259,071**|| ||||||||||| These financial statements were approved by the board of trustees on the 30 January 2023 and are signed on their behalf by: Mrs Y Domb Chair 30 January 2023 **14** ## **Notes To The Accounts - 31 March 2022** ## **1) General Information** The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 48 Northfield Road, London N16 5RN. ## **2) Statement of Compliance** ## **Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: - Costs of raising funds relate to the costs incurred by the charity in inducing third parties to - make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose • Expenditure on charitable activities includes the costs of activities and services undertaken to further the purposes of the charity and their associated support costs - Other expenditure represents those items not falling into any other heading. These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3) Accounting Policies** ## **Basis of preparation** The accounts (financial statements) have been prepared on the historical cost basis. ## **Allocation of support costs** Resources expended are allocated to the particular activity where the cost relates directly to that activity. Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff, of the amount attributable to each activity. • Sports Activities 25% - Arts Activities 24% - Residentials 30% - Employment Support 13% - Fundraising 5% ## **Public Benefit entity** The charity meets the definition of a public benefit entity under FRS 102. ## **Going Concern** The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## **Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. - Governance costs 3% Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities. ## **Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **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 date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users. ## **Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Financial instruments** ## **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 bank. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. **15** ## **4) Income from Donations & Legacies** ||Unrestricted
Restricted
Funds
Funds
£
£|**Total**||Total
_2021_
£
500
2,000
500
2,451
5,451
11,325
108,540
119,865
4,000
3,000
10,000
2,000
18,500
13,819
5,000
5,000|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**_2022_**|||||||||||||| |||**£**|||||||||||||| ||||||||||||||||| |Alec Dickson Trust||||||HackneyGiving||||8,300||**8,300**|||9,000| |The Eve GreenbergTrust|3,000|**3,000**||||HackneyVoluntarySector Grant|||||||||19,968| |Gowling WLG Charitable
Trust||||||Interlink Foundation||||1,710||**1,710**|||| |||||||Kirsh Foundation||4,000||||**4,000**|||4,000| |CommunityDonations|1,613|**1,613**||||London Catalyst Foundation||||2,000||**2,000**|||| |**Total Income from**
**Donations & Legacies**|**4,613**|||||London CityAirport||||3,000||**3,000**|||| |||**4,613**||||London CommunityResponse Fund|||||||||10,000| |**Charitable Activities**||||||London CyclingCampaign|||||||||2,000| |Parental Contributions|11,355|**11,355**||||Lloyds TSB||||30,000||**30,000**|||38,200| |Borough of Hackney and
HaringeyLD Services|192,997|||||NHS Health||||275||**275**|||| |||**192,997**||||Olive Wolf HolidayTrust|||||||||2,000| |**Total Charitable Activities**|204,352|
**204,352**||||ReachingCommunities||||41,761||**41,761**|||45,688| |||||||Solace Womens Aid||||5,000||**5,000**|||| |**Grants Received**|||||||||||||||| |||||||Souter Charitable Trust||||3,000||**3,000**|||| |29th May|4,000|**4,000**||||Sport England||||9,840||**9,840**|||| |Anton Jurgens||||||Sported Foundation||||1,700||**1,700**|||| |Arnold Clark|2,500|**2,500**||||Stronger Communities Grant|||||||||986| |Awards for All||||||The Childwick Trust||||4,000||**4,000**|||| |||||||The Field FamilyCharityTrust||||3000||**3,000**|||| |Barchester|750|**750**|||||||||||||| |||||||The Hiscox Foundation||||1,500||**1,500**|||| |Branet Grant|5,960|**5,960**|||||||||||||| |||||||The Joseph & Lilian SullyFoundation||||10,000||**10,000**|||5,000| |Bruce Wake Charitable Trust|2,000|**2,000**|||||||||||||| |||||||The Respite Association|||||||||2,500| |CAF Grant|||||||||||||||| |||||||The Stockwell Cliffe||||1,000||**1,000**|||| |CityBridge Trust|48,460|**48,460**|||||||||||||| |||||||This Girl Can Stage 2(Sport England)||||9,500||**9,500**|||| |CST Grants|1728|**1,728**|||||||||||||| |||||||HMRC Job Retention Scheme|||||||||**30,275**| |David Solomons|750|**750**|||||||||||||| |||||||||4,000||211,357||**215,357**|||230,935| |Delapage||||||Total Income Generated|
**£ 212,965**||**£**|
**211,357**||||£|
356,251| |DisabilityRights|9,623|**9,623**|||||||||**£**|**424,322**|||| |East End CommunityFund|||||||||||||||| |East Bank Westfield Grant|||||||||||||||| **16** ## **5) Resources Expended** ||Raising
Funds
Sports and
Arts
Employment
Support
Program
Residentials
Support
Costs
**Total**
**2022**
£
£
£
£
£
**£**|Total
2021
£| |---|---|---| |Advertising
and Publicity|340
440
380
60
198
**1,418**|1,378| |Consultancy|1,500
2,800
2,500
1,900
11,368
**20,068**|8,080| |Day Trips|520
350
2,119
0
**2,989**|677| |Depreciation
Charge|808
**808**|1,078| |Equipment
and Supplies|4,200
6,156
4,700
1,455
**16,511**|5,745| |Food and
Refreshments|13,600
6,876
11,980
1,981
**34,436**|17,608| |Governance
Costs|4,494
**4,494**|4,483| |Hire of
Facilities|28,360
17,793
18,000
5,420
**69,573**|55,824| |Insurance|790
**790**|762| |Membership
fee|48
**48**|36| |Office
Expenses|1,250
8,368
3,860
1,625
16,480
**31,583**|25,226| |Staff Costs|19,360
54,255
44,840
35,440
69,077
**222,972**|117,163| |Transport|20,411
11,540
4,210
8,900
**45,061**|12,824| |Volunteer
Expenses|1,174
590
2,350
1,340
**5,454**|2,487| |Resources
expended|22,450
134,128
94,885
82,384
122,358
**456,206**|253,371| |Support costs
apportioned|11,013
40,379
40,378
30,590
-122,358|| |Total
Resources
Expended|33,463
174,507
135,263
112,974
0
**456,206**|253,371| **17** ## **6) Taxation** The Charity is exempt from taxation on its charitable activities. ## **7) Net income** Net income is charged after charging: |**7)**|**Net income**
Net income is charged after charging:|| |---|---|---| |**8)**||**2022**
2021| ||Depreciation|£808
£1,078| ||**Independent Examination Fees**|| ||Feespayable for independent examination|£3,000
£3,000| - **9) Staff Costs** The total staff costs and employee benefits for the year are analysed a follows: |Wages and salaries|**2022**
2021| |---|---| ||£222,972
£117,163| No employee earned more than £60,000 (2021: Nil). ## **11) Tangible Fixed Assets** |**11) Tangible Fixed Assets**|||||| |---|---|---|---|---|---| ||Computer
Activity
Equipment
Equipment
£
£||||Total| ||||||£| |**Cost or valuation**|||||| |At 2021||2,844||9,733|12,577| |Additions|||||| |Disposals|||||| |At 2022||2,844||9,733|12,577| |**Depreciation**|||||| |At 2021||2,424||6,920|9,344| |Charge for theyear||105||703|808| |Disposals|||||| |At 2022||2,529||7,623|10,152| |**Valuation**|||||| |2022||£ 315|£ 2,110||£ 2,425| ||||||| |2021||£ 420|£ 2,813||£ 3,233| ||The average number of Employees duringtheyear
**2022**
**2021**| |---|---| ||Sessional staff
59
46| ||Part time staff
10
9| ||Full time staff
1
1| ||total number of staff
70
56| - **10)** Trustee Remuneration and Expenses There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. **18** ## **12) Debtors** |**Debtors**|||| |---|---|---|---| |||_2022_
£|_2021_
£
28,879
5,981
183
**£ 35,043**| ||||| |Parental Contributions and User
Fees||55,939|| |Grants Receivable||6,266|| |Pre Paid Expenses and other
debtors||0|| |||**£ 62,205**|| ## **13) Creditors:** ## **14) Analysis of Net Assets of The Charity's Funds** |**Analysis of Net Assets of The**
**Charity's Funds**|||||| |---|---|---|---|---|---| ||**Fixed Assets**
**Current Assets**
**Current**
**Liabilities**
**Fund Balances**
£
£
£
£||||| ||||||| |**Restricted Funds**|||41,440||41,440| |**Unrestricted Funds**||2,425|189,486|(6,164)|185,747| |**Total Funds**||**£ 2,425**|**£ 230,926**|**£ (6,164)**|**£ 227,187**| ## **Amounts falling due within one year** |||_2022_
£|_2021_
£
52,882
2,789
4,378
706

**£ 60,755**| |---|---|---|---| ||||| |Trade Creditors||3,097|| ||||| |Taxation and Social Security||67|| |Accruals and deferred income||3,000|| |Other Creditors|||| ||||| |||**£ 6,164**|| ## **15) Movement in Funds** |**Movement in Funds**||||||| |---|---|---|---|---|---|---| |||**At 1 April**
**2021**|**Income**
£|**Expended**
**At 31 March**
**2022**
£
£||| |||||||**2022**| |||||||£| |Restricted Funds||34,439|211,357|204,356||41,440| |Unrestricted Funds||224,632|212,965|251,850|185,747|| |Total Funds||**£ 259,071**|**£ 424,322**|**£ 456,206**|**£ 227,187**|| The following Grants were received in the Year in relation to expenditure in the next financial Year |expenditure in the next financial Year|| |---|---| |Lloyds|£30,000| |ReachingCommunities|£5,440| |The Field FamilyTrust|£3,000| |London CityAirport|£1,500| |Bruce Wake|£1,500| ||**£ 41,440**| **19** ## LEGAL AND ADMINISTRATIVE DETAILS **Registered charity name** Misgav **Registered charity number** 1125362 **Registered office address** **Telephone number Website Email address** **Trustees** **Independent examiners** 48b Northfield Road London N16 5RN 020 7998 3782 www.misgav.org.uk admin@misgav.org.uk Mrs Yutta Domb Mrs Katalin Tesler Mrs Toby Berger Mrs Zeldy Frankel Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU **Bankers** TSB Bank PLC 174 Clapton Common London E5 9AQ pixelgrouplondon@gmail.com