OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Misgav

2024-03-31-accounts

LET’S MAKE IT WORK

Registered Charity Number 1125362

ANNUAL REPORT AND ACCOUNTS For year ending 31st March 2024

CONTENTS

STRUCTURE, GOVERNANCE AND OBJECTS STRUCTURE, GOVERNANCE AND OBJECTS
Page 3
TRUSTEES’ REPORT TRUSTEES’ REPORT
Page 4
TARGETS AND PERFORMANCE Page 5
TARGETS FOR THE NEXT FINANCIAL YEAR TARGETS FOR THE NEXT FINANCIAL YEAR
Page 6
ACHIEVEMENTS AND PERFORMANCE ACHIEVEMENTS AND PERFORMANCE
Page 10
OUTCOMES OF MISGAV’S ACTIVITIES OUTCOMES OF MISGAV’S ACTIVITIES
Page 13
FINANCIAL REVIEW FINANCIAL REVIEW
Page 15
INDIVIDUAL EXAMINER’S REPORT INDIVIDUAL EXAMINER’S REPORT
Page 16
STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES
Page 17
BALANCE SHEET Page 18
NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS
Page 19
LEGAL AND ADMINISTRATIVE DETAILS LEGAL AND ADMINISTRATIVE DETAILS
Page 23

2

4 : 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, tie 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 this 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, a Finance Manager and administrative support. Misgav’s activities are supervised and run by 13 part-time employees, 2 full-time employees (total 6 FTE), 75 sessional staff members, as well as 25 dedicated volunteers (58 incl. residentials’ 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, } et)_ sad -—s aN " = ae supporting them in developing their life skills, improving their health and wellbeing, and enhancing their opportunities to lead a safe and fulfilling life whilst achieving their individual potential. Misgav’s secondary aim is to continue to support users’ parents/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. EERELEL

3

TRUSTEES’ REPORT We make it Work

At Misgav a lot of our work can go on seemingly unnoticed for a considerable time until we have demonstrable results. Parents, teachers, therapists, and our support staff understand that well, and carry on because we share a long term vision of our learning-disabled women leading happy lives with maximum independence and selfexpression. It may take weeks, months or even years until some of our Misgav family are ready to face a bus journey independently or can participate fully in a music session.

It is similar with our day-to-day, behind the scenes work. Recruiting and training new staff, upgrading the database and scouting new premises for supported living and our activities– it all takes time, effort and faces numerous set-backs. We have a lot to report on this year and while those milestones were reached recently, they are the outcome of years of work.

The Supported Living Scheme was merely an idea in 2018 and became an acute need in 2020, but it took us many properties, numerous draft business plans and countless meetings to finally arrive at the stage when this project becomes reality. In September, 95 Lordship Park was acquired by AIHA to become a Supported Living Scheme run by Misgav, once planning permission for refurbishment and all the works are completed. Elisheva Reitzer, who joined Misgav in March, has been appointed to lead on liaising with AIHA and on the Care Quality Commission registration, as well as creating the care provision aspect of the scheme.

Although Misgav feels like a family, our provision is a significant operation with 75 sessional staff, 1121 hours of group activities and 70+ hours of individual sessions weekly. Our reporting requirements to funders and contractual obligations with Local Authorities mean a lot of data processing, and we have come to the point where we need to upgrade our Salesforce database . It is a costly investment and a time-consuming project, and many staff members will also have to be upskilled. The upgrade will give us great tools to evidence the scale and impact of our work, and will save staff time in due course.

We continue to expand our day provision with a special focus on work skills and job placements in the community. We are immensely appreciative of all our partners (full list on page 8); you can read feedback from two of them on page 7, and of Freidy Halpern who took the position of Job Placements Manager in May 2023. Freidy has progressed from being a Misgav volunteer and then administrator, and is an excellent example of what Misgav does for many young women in the community as an employability and training hub.

4

TARGETS AND PERFORMANCE

Thanks to a partnership with AIHA, we have secured a building for Supported Living. While AIHA is working through the planning permission process, we have begun the CQC application process, with a new staff member, Elisheva Reitzer, leading on this project.

Misgav has made great steps towards securing social care support rates from the LAs which better reflect the true costs incurred, enabling us to run services to the standards the community has come to expect from us. In this financial year we helped 4 disabled households secure new social care packages and 10 existing users receive an increase in their support, enabling them to join more activities and lead fuller, less isolated lives. Acknowledging our holistic offer of a wrap-around service for disabled households, Misgav was recognised as a Hackney Community Infrastructure organisation. This gives us access to; information and resources that will help our users, the initiatives of the programme and Hackney officers at different departments, as well as new network groups. We are also part of the Poverty Reduction Group and expect to have more impact on having the voices of our users and their families heard by the Local Authority.

Our staff delivering art and music therapies have worked with users on their self-expression and self-advocacy and we see seedlings of ideas on how our disabled users want to take those further in the coming year.

We have augmented in-session food provision and introduced aspects of cost-effective cooking into our life skills sessions. We have also extended our weekend provision to offer a social space which is also a warm hub in the winter for our users and some young support workers. We have managed to secure three grants to distribute food vouchers to most vulnerable households. This provision uses locally-owned stores, as supporting local businesses is important to both us and our users, who benefit from so much support in our local community.

The job placements programme now has a dedicated manager and has increased its offer from 5 users attending 24 job opportunities weekly in April 2023, to 8 users attending 43 opportunities weekly in March 2024. We also have secured a greater variety of opportunities across local schools, nurseries, charities, shops and other businesses.

V.To create a dedicated role for training, upskilling and increasing employability of volunteers and young sessional support staff. Because our entire operation depends on our volunteers and sessional staff, we want to ensure that they get individualised, targeted support, to enable them to reap maximum benefit from their work experience with Misgav.

Due to funding, we still divide this role between existing staff, but we are progressing well in refining our coproduction of this programme with the young people and revising our monitoring methods. The young women found our trainings helpful, giving them transferable skills with a particular interest in mental health and autism awareness, in addition to other specialist trainings.

5

TARGETS FOR THE NEXT FINANCIAL YEAR

I. To secure new premises that can provide adequate space for our office and programme activities, especially the daytime programme. This would be a more efficient way to run our activities, with managers being available on-site to advise and assist sessional staff, and less travel and moving of equipment. It would also provide much-needed stability for the disabled women who find moving between sessions disruptive and unsettling.

II. To complete the upgrade of our Salesforce CRM and develop new workflow automations to ensure that we have systems in place that can handle the amount of compliance data we need for; the Local Authorities Social Care Commissioning teams, grant monitoring, project management, and staff management of the sessional workforce.

III. Continue to develop trainings for our staff and professional development plans for our young support workforce. Misgav benefits from upskilling our staff, and we also want to help young women gain transferable skills and knowledge which open up their job prospects for future roles in education, SEN support, charity and youth work or the care sector.

IV. To build on gained advocacy experience and established connections to represent our users and amplify our beneficiaries’ voices, to help shape Hackney’s policies and strategy plans on equity and Adult Social Care.

V. To upgrade the Financial Quickbooks system from desktop to online to prevent data loss and to facilitate quicker, more accurate processes.

6

SPOTLIGHT ON OUR JOB

The Interlink Foundation has partnered with Misgav to provide an opportunity for EH to do shredding for the offices for 1 hour a week. She has been working there for over a year.

PLACEMENT PARTNERS

Miss R Denderowitz (admin team) reflects on our partnership’s impact:

(4?

a aS

Which skills has EH gained?

EH has learned to interact with the team of employees in a friendly and professional manner. She greets everyone nicely as she comes in and respects the professional boundaries of the workplace.

She is also earning a weekly wage, which gives her a sense of fulfillment and responsibility.

Miss Freidy Halpern, 21, Job Placements Manager at Misgav

What makes this partnership special?

The Interlink Foundation supports local charities in many ways and enjoys the opportunity to directly impact a service user from an organisation they assist.

My first experience at Misgav was as a weekly volunteer at Music sessions in 2019, where I learned to appreciate what Misgav gives its users every single day. I saw how much the women gained from the sessions; how the connections and friendships they form make them happier, and how music has a therapeutic effect on them. Back then, we were gearing up for a grand Showcase event which infused the users and volunteers with excitement. The show was a great celebration of what we had worked on for months – the skills, the friendships, and improved emotional health. But the aftermath surpassed my expectations– the women’s self-esteem got such a boost from feeling appreciated for their work and talents and being celebrated and valued in the community.

How does Interlink benefit from this weekly placement?

EH has an exceptionally charming personality and staff enjoy the chance to interact with her. friendships they form make them happier, and how music has a therapeutic effect They are also very grateful for the work she gets done in a super-efficient manner. on them. Back then, we were gearing up for a grand Showcase event which infused the users and volunteers with excitement. The show was a great celebration of what we had worked on for months – the skills, the friendships, and improved emotional health. But the aftermath surpassed my expectations– the women’s self-esteem got such a boost from feeling appreciated for their work and talents and being Beis Yaakov School (Nursery department) has partnered with Misgav for over 8 years and currently provides 6-7 hours weekly to 2 different users: TW works with celebrated and valued in the community. children in the classroom, and MT prepares snacks and supplies to hand out to the children. After that period of volunteering, I saw an advert for an available admin post at Mrs R Dresdner (Headteacher) answered our questioned about the partnership: Misgav, and thought– I would love to work for such an inspiring organisation. I applied and was hired, mostly due to my volunteering experience, as being familiar Which skills have the Misgav users gained? Both users have learned to deal with children and their needs. They have acquired patience with the service users and their needs was an extra asset for the job. and tolerance to different kinds of behaviours in children. MT has learned to be meticulous with personal hygiene, as well as food hygiene whilst preparing food for the kids. Most Initially, I started off as a secretary, carrying out day-to-day general office duties; importantly, they have learned the skill of teamwork, communicating and working together stocking supplies, answering calls, etc. This was an opportunity to better get to with their fellow staff members in a joint effort to provide care in a warm and fun-loving way. know the users and the parent-body of Misgav. Which staff interact mostly with the users? The keyworkers in the classroom, and also myself as the headteacher. In May 2023 I got promoted to the new role of Jobs Placements Manager. Working in this role, I gained many work and communication skills, boosting my confidence and What makes this partnership special? highlighting my strengths as a committed and responsible worker. The most TW and MT feel valued and important as they learn and implement skills, impacting children. In rewarding part of my job is seeing our users overcome the barriers they face and addition, at their young age, nursery kids easily learn to accept and respect disabled women celebrating new milestones with them. The job keeps challenging me as I keep as important members of staff. learning new skills needed for programme management, monitoring progress and How does Beis Yaakov School benefit from this weekly placement? financial reporting. The vision for the future is that we can offer every user, We most definitely benefit from the fact that they are helping us with the children. Parents regardless of their support needs, job opportunities to make them feel part of the have also grown to appreciate that disabled people have so much to offer and contribute to local community. society, and how much positive impact these interactions have on their children. Oe

Which staff interact mostly with the users? The keyworkers in the classroom, and also myself as the headteacher. What makes this partnership special? TW and MT feel valued and important as they learn and implement skills, impacting children. In addition, at their young age, nursery kids easily learn to accept and respect disabled women as important members of staff.

7

Our Job Placement Partners U]orÈin9 As A eomMunit9 27yi ny-j EZRA UMARPEH y)Jrni n122 ()v J7 yiilii51n' 'GIMS 111oypar¥ fnAIHA ETneYald FI&SE TOTall kils CHOCOtAI"EI CFANTASIES Loungcr5 pLacE Canvey School Schonfe.Id the lubavitch GIFTCRAFT fflulti-aca(knmy trust Jbavrtch gts. schcd

WORDS OF GRATITUDE

As we have weathered another year of an unstable fundraising climate with the support of our grant funders and donors, Misgav is extremely grateful for each individual donation and grant, especially to those strategic funders who are working with us long-term. The security afforded through your long-term vision is giving us confidence to take on new projects and make ambitious plans.

The National Lottery Community Fund, City Bridge Trust, and Lloyds Bank Foundation funded us previously; we feel most honoured that they have chosen to work with us again. In addition to financial investment, the Lloyds Bank Foundation has been supporting us with consultancy advice which helped us rethink our long-term business planning and funding strategy.

Our partnership with Hackney council through their grant programme goes back to 2011 when we received our first small grant for a health project. So much has changed since then and we understand how stretched the funding of Hackney Partnership is, so we are extremely appreciative for having being recognised as making an important contribution to the local community and for their support through two grants:

- Healthier Hackney

The Community Infrastructure grant has opened for us the opportunity of the Household Support Fund, which we will use to address food insecurity among the most vulnerable, disabled households in Hackney.

As we respond to the unprecedented food and fuel poverty crisis, we are encouraged by the three-year support of the Smallwood Trust and The National Lottery Community Fund under the Women’s Urgent Support grant programme. This grant will help extend food support to Haringey and Barnet users and to create more employability opportunities for all our users and the young people supporting them.

As many of our previous grants for disabled women came to an end last year, we welcome our new partnership with The Walking and Cycling grant (TFL/Groundwork) . The

London Marathon Foundation through their major Active Spaces grant will ensure the continuity of our sports provision. As we plan for the future, we thank the EMDUK (the national governing body for group exercise) for an amazing opportunity for one of our volunteers to get a fully-paid bursary to get her dance/fitness instructor qualification.

The Joseph and Lilian Sully Foundation has been our long-standing supporter and we are so privileged to be a beneficiary of their trust and encouragement.

We want to extend our gratitude to: Woodroffe Benton Foundation , Warburtons Community Fund/CAF , Shanley Foundation , Hedley Foundation , February Foundation , Bruce Wake Charitable Trust , Screwfix Foundation and Community Health Partnership/Rocket Science .

Finally, we want to thank our community partners who support us through making connections, helping to recruit volunteers, welcoming us into their organisations as we use their netball courts and other premises, and to our many job placement partners . Thank you for helping us create a more inclusive, caring community for disabled women and for everyone.

Mrs Yutta Domb

31 January 2025

9

ACHIEVEMENTS AND PERFORMANCE

What’s working…

Misgav is working on providing a wide range of services, including sports, arts, employment and life skills- all with the goal of enhancing users’ self-esteem and boosting their mental health and wellbeing. As carer/user survey results show, the impact is high, and the satisfaction significant. Looks like it’s working.

----- Start of picture text -----
Parent Survey March 2024
Co
WHAT WOULD YOUR
DAUGHTER'S DAY/WEEK BE LIKE
ARE YOU STRUGGLING WITH
WITHOUT OUR PROGRAMME? SATISFACTION WITH OUR
THE RISE IN THE COST OF
WEEKLY ACTIVITIES
LIVING?
‘I dread to think what things would look
like without Misgav programmes. Laura
would be bored and restless. I would be 100%
67%
overwhelmed trying to occupy her, and answered ‘High’
my basic day-to-day tasks would be of respondents struggle
‘The wide range of activities on
neglected.’ with the costs of living
offer stimulate Miriam and infuse
‘She would be miserable, frustrated and
bored, and it would be heavy and difficult her with positive energy. She also
to be around her.’ really gains from the social outlet 33%
= > this gives her’. rss. of respondents struggle
a lot with the costs of
living
NECESSITY OF MISGAV’S
ACTIVITIES:
& )
100%
answered ‘High’
‘The social environment is crucial’
‘Without Misgav, life would
be depressing. The
activities are fulfilling,
constructive and fill her
with excitement’.
10
----- End of picture text -----

EMPLOYING OUR STRENGTHS

Over this past financial year, our employment programme has seen growth and progress as we have:

Extended our service to cater to 2 more individuals.

1, 121 hours of group programming delivered

6010.5 hours of one-to-one support delivered

Who We Work With

11

----- Start of picture text -----
EMPLOYING OUR STRENGTHS
5875.5
hours of volunteering opportunities
Gi , ol Residentials
Sports Activities Celebration Events
2 weeks residential in the summer
40 gym sessions 7 individual sessional staff parties celebrating 2 weeks of day camp before and
19 cycling sessions the achievements of staff.
after our summer residential
40 dance workout sessions
1 week of winter day camp
40 netball sessions
6 daytrips
6 swimming sessions
po en |
“ai) Volunteers ; oe
5 groups of onsite training sessions for
\ | Arts Activities volunteers Independence and
5 @) Life-Skills sessions
44 art therapy sessions
40 creative art sessions 30 cooking group sessions
16 cake decorating sessions Mental health/ Wellbeing support 23 food and nutrition sessions
36 card and craft making sessions 71 volunteer buddies supporting 1:1 users 30 social skills sessions
12 drumming sessions 199 baking/music sessions with 1:1
8 gardening sessions
40 music sessions volunteers
a | oe
ih
© | Showcase and Community Fundraising Events ee oz:
> wmf Be aa
2 pop up shops at community mall events showcasing and selling our own products, handcrafted at social
enterprise sessions
----- End of picture text -----

12

OUTCOME OF MISGAV’S ACTIVITIES Our Core Work…

At Misgav we help our users stretch their capabilities. We offer support and training to our service users whilst encouraging independence, so that they can positively impact the workforce and community.

----- Start of picture text -----
Support Workers & Staff
----- End of picture text -----

----- Start of picture text -----
Work Skills Group Sessions
----- End of picture text -----

36 IT Skills Sessions 43 Social Enterprise Sessions ° \ 3190 42 Food Packaging Sessions 12 Social & Communication Skills Sessions hours of work placements

30 Photography Skills Sessions

13

GENERAL IMPACT OF OUR EMPLOYMENT PROGRAMME

‘Seri has a peer group and the security of belonging’

‘The varied activities really make Molly happy and relaxed; she would otherwise be bored and frustrated’.

‘Obviously, if she's happy, it positively affects the entire family environment. There is much less tension and stress after she comes home from sessions content and fulfilled’.

‘The activities help tremendously! Having friends and a social outlet is so good for her’

‘She would otherwise have no social life at all’.

User Survey March 2024

USERS SAW A HIGH NEED FOR IMPACT OF OUR PROGRAMME THE PROGRAMME FOR THEIR ON USERS’ WELLBEING/ PERSONAL DEVELOPMENT AND MENTAL HEALTH: GENERAL WELLBEING:

----- Start of picture text -----
100% 100%
Vital Importance Positive Impact
----- End of picture text -----

IMPACT OF OUR DAYTIME ACTIVITIES ON USERS’ PHYSICAL ACTIVITY:

----- Start of picture text -----
16%
Some Impact
17%
Good Impact
67%
Significant Impact
----- End of picture text -----

IMPACT OF OUR PROGRAMMES IMPACT OF MISGAV’S ON THE MENTAL HEALTH OF ACTIVITIES ON USERS’ SENSE CARERS AND FAMILIES IN OF LONELINESS/ISOLATION: GENERAL:

----- Start of picture text -----
100% 100%
Significant Impact Tremendous Impact
----- End of picture text -----

‘I love my jobs because they teach me important things. I’ve learned how to make money, be patient, wait my turn, be nice and say thank you. It also helps me spend money cleverly and make good choices. I want to thank Misgav for sourcing and managing my jobs.’

-Martha, 38

‘We sometimes ask for Leah to come in on random days when big orders arrive and we need more help. She does great work!’

-Local shop owner, Job placements partner

‘Working in local offices fills my daughter with a profound sense of purpose and belonging. This joy and fulfilment shape her week and life, and I am filled with gratitude to Misgav and to their Job placement partners for enabling this.’ -Mrs B, Mother of Sarah, 22

14

FINANCIAL REVIEW

Our Work is Paying Off

This financial year (April 2023-March 2024) we have continued to see an increase in demand on our services, compounded by the ongoing challenges of the cost-of-living crisis and the impact of increased activities delivery costs.

Misgav’s income increased by £98,946. This is a good performance given the economy and fundraising climate. This year we did not run a community fundraising campaign, as our previous one relied mainly on small donors and we sense a fatigue for such campaigns in the community navigating the cost-of-living challenges. We also felt that we will need a big community campaign once we secure new premises and having a one year pause will make this future effort more impactful.

We have increased our income from Local Authorities’ Learning Disabilities Services by £68,250, as result of advisory support to families and advocacy on their behalf for revisions or for securing for the first time the Social Care support they are entitled to.

Our grant/trusts funding increased compared to last year by £58,160. Overall, the grants/trusts fundraising income remains stable at £250,866 despite pressure on funds reported by funders and shifts to more welfare/crisis-focused fundings. The grants team has been proactive in securing funds and informing responses in our programmes, securing two significant multi-year grants which are not fully reflected in this report but which provide us with some financial security and a significant leverage with match-funding for pending grant applications.

Our expenditure rose by £93,740. The rise in expenditure was due to: extending staff capacity to ensure continuity of service quality and safety, including employing a co-director; costs of onboarding new users; a significant increase in delivery and associated support costs, especially for sports and arts (12% increase) and extending our employment support scheme as part of our day care provision (29% increase in expenditure), as well as surging mental health/wellbeing support in line with growing needs.

The trustees aim to maintain free reserves at a level of 3-6 months’ running costs. Last year the level of free reserves was 3.4 months of running costs. The cash value of reserves this year increased to £192,655 but due to increase of annual expenditure now stands at 3.12 months’ of running costs.

Signed on behalf of the trustees: (Yoru Mrs Yutta Domb 31 January 2025

15

INDIVIDUAL EXAMINER’S REPORT

I report to the trustees on my examination of the financial statements of Misgav Trust ('the charity') for the year ended 31 March 2024.

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.

Independent Examiner's Statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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 New Burlington House 1075 Finchley Road London NW11 0PU 31 January 2025

16

STATEMENT OF FINANCIAL ACTIVITIES For Year ended 31 March 2024

17

STATEMENT OF FINANCIAL POSITION As at March 2024

STATEMENT OF CASH FLOWS As at March 2024

18

NOTES TO THE FINANCIAL STATEMENTS

1. GENERAL INFORMATION

Expenditure is classified under the following activity headings: The charity is a public benefit entity and a registered charity in England and Wales and is Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make unincorporated. The address of the principal office is 48 Northfield Road, N16 5RN, London. voluntary contributions to it, as well as the cost of any activities with a fundraising purpose 2. STATEMENT OF COMPLIANCE Expenditure on charitable activities includes the costs of activities and services undertaken tofurther the purposes of the charity and their associated support costs • Other expenditure { These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting represents those items not falling into any other heading. 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 7 Allocation of support costs thx Y i applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act Resources expended are allocated to the particular activity where the cost relates directly to that 2011.

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.

3. ACCOUNTING POLICIES

Basis of preparation

• Sports Activities 20% • Arts Activities 26% • Residentials 17% . a • Employment Support 37% ear

The accounts (financial statements) have been prepared on the historical cost basis.

• Arts Activities 26% Public Benefit entity Pant: — - — — ae * on • Residentials 17% . a The charity meets the definition of a public benefit entity under FRS 102. et a oe ae eee * • Employment Support 37% ear Going Concern Governance costs are the costs associated with the governance arrangements of the charity. The trustees consider that there are no material uncertainties about the charitable company’s ability — - 2 eae ane «ae ‘> These costs are associated with constitutional and statutory requirements and include any costs to continue as a going concern. The trustees do not consider that there are any sources of estimation associated with the strategic management of the charity’s activities. ee - uncertainty at the reporting date that have a significant risk of causing a material adjustment to the = ee ee ape eee . / carrying amounts of assets and liabilities within the next reporting period. ee ae eeemeesa 54 Depreciation = oe Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, I ncome over the useful economic life of that asset as follows: ——— a eee -—-—— « ; = oss Income is recognised when the charity has entitlement to the funds, any performance conditions —— = eee ao ee oo ee attached to the income have been met, it is probable that the income will be received and that the Equipment 25% reducing balance amount can be measured reliably. = a s os — me on . | . Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised °— =o os ———_ms - = Debtors > when the charity has entitlement to the funds, any performance conditions attached to the grants Trade and other debtors are recognised at the settlement amount due after any trade discount <= <= once => == aes pS » , P have been met, it is probable that the income will be received and the amount can be measured offered. Prepayments are valued at the amount prepaid net of any trade discounts due. reliably and is not deferred. — mi ‘ 7 Income received in advance of the provision of a specified service is deferred until the criteria for Cash at bank and in hand income recognition are met. Cash at bank and in hand includes cash and short term highly liquid investments with a short

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. -

Depreciation oe Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: ; = oss

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.

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.

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.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Financial instruments

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.

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.

19

NOTES TO THE FINANCIAL STATEMENTS continued

4. DONATIONS AND LEGACIES

6. COST OF RAISING DONATIONS AND LEGACIES

7. EXPENDITURE ON CHARITABLE ACTIVITIES (by activity type)

5. CHARITABLE ACTIVITIES

20

NOTES TO THE FINANCIAL STATEMENTS continued

8. NET INCOME/(EXPENDITURE)

13. DEBTORS

9. INDEPENDENT EXAMINATION FEES

14. CREDITORS

10. STAFF COSTS

15. ANALYSIS OF CHARITABLE FUNDS

11. TRUSTEE REMUNERATION AND EXPENSES

12. TANGIBLE FIXED ASSETS

21

NOTES TO THE FINANCIAL STATEMENTS continued

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

17. ANALYSIS OF CHANGES IN NET DEBT

18. RELATED PARTIES

22

REGISTERED CHARITY NUMBER 1125362

LEGAL AND ADMINISTRATIVE DETAILS

Registered charity name: Misgav

Registered charity number: 1125362

Registered office address :

48b Northfield Road London N16 5RN

Telephone number: 020 7998 3782

Website: www.misgav.org.uk Email address: admin@misgav.org.uk

Trustees:

Mrs Yutta Domb Mrs Katalin Tesler Mrs Toby Berger Mrs Zeldy Frankel

Independent examiners:

Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU

Bankers:

TSB Bank PLC 174 Clapton Common London E5 9AQ

23