Trustees’ annual report and financial statements
For the year ended 30 September 2021 for
## **Migrateful**
- (a Charitable Incorporated Organisation, registered number 1180110)
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Migrateful Annual Report 2020-21
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## **TRUSTEES’ REPORT**
**YEAR ENDED 30 SEPTEMBER 2021**
|Trustees|Mary Locke|
|---|---|
||Nora Bali|
||Amaya Dent|
||Mireille Harper (appointed 19th October 2020)|
||Emily Miller|
||Isabel Sachs|
||Habib Sadat|
||Daljeet Singh (appointed 19th October 2020)|
|Founder and CEO|Jessica Thompson|
|Registered name|Migrateful|
|Charity registration number|1180110|
|Registered address|40 Bowling Green Lane|
||London|
||EC1R 0NE|
|Independent Examiner|Mr Olayinka Tomori ACA DChA|
||Longmeade Consult Ltd|
||Regus House|
||Victory Way|
||Admiral’s Park|
||Dartford|
||DA2 6QD|
|Bank|Metrobank|
||1 Southampton Row|
||London|
||WC1B 5HA|
|Website address|www.migrateful.org|
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Migrateful Annual Report 2020-21
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**TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021**
## **INTRODUCTION**
The trustees present their report with the financial statements of the charity for the period ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (Second Edition effective 1 January 2019).
Migrateful is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (registered number 1180110).
The governing document is a Constitution dated 19[th ] September 2018. Migrateful registered with the Charity Commission on 27[th ] September 2018.
These financial statements cover the year from 1[st] October 2020 to 30[th ] September 2021.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives**
**Migrateful exists to help the UK’s migrant community on their journey to employment and independence and promote integration.**
The objects of Migrateful, as stated in the Constitution, are, for the public benefit:
1. to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society, in particular, but not exclusively, refugees, asylum-seekers and other migrants to the UK, through the provision of:
- vocational and skills training, work experience, advice and support;
- social and recreational facilities and events involving the local community;
- educational and awareness campaigns to encourage the public to generally be more accepting of, and engage with, socially excluded communities.
for the purposes of this clause "socially excluded" means "people who are excluded from society, or parts of society, as a result of one or more of the following factors: unemployment;
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## **TRUSTEES’ REPORT**
## **YEAR ENDED 30 SEPTEMBER 2021**
financial hardship; race; gender; poor educational or skills attainment; disability; ethnic origin; religion; belief; creed; or who are within, or have experienced, the public care or penal system".
2. to promote equality and diversity and racial and religious harmony for the public benefit through the provision of:
- activities to foster understanding and good relations between people from diverse backgrounds.
3. the prevention or relief of poverty by providing: grants, items and services to individuals in need, in particular, but not exclusively, refugees, asylum seekers and other migrants to the UK.
In setting objectives and planning activities, the trustees confirm that they have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Migrateful runs cookery classes led by migrant chefs struggling to integrate and access employment due to legal and linguistic barriers. The cookery classes provide ideal conditions not just for practising English and building confidence but also for encouraging contact with the wider community and dispelling misconceptions about migrants.
We work with three groups, all facing common issues, but with their own particular circumstances:
1. **Asylum seekers:** who have no right to work and no recourse to public funds while their cases are considered. As a result, many are destitute and deprived of opportunities to participate in society;
2. **Refugees** : who have been granted asylum and can legally work, but often still face difficulties. 50% of the 125,000 refugees living in the UK are unemployed, often due to limited English, or because their qualifications are not recognised;
3. **Long-term migrants** : Some migrants have lived in the UK for many years but are still unable to speak English. Many are isolated and lonely as a result.
For all three groups, being unable to provide for themselves and their families has significant negative effects on self-esteem and mental health. Work is needed on many fronts. First,
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## **TRUSTEES’ REPORT**
## **YEAR ENDED 30 SEPTEMBER 2021**
language barriers need to be addressed, so they are better able to participate in wider society. Building the skills and self-confidence to enable them to access employment is essential to improve their economic conditions. Migrateful provides training, a support network and work experience to help address these issues.
## **Activities**
## **Training**
Potential chefs wishing to join Migrateful go through an initial 10 week training programme. During this time they learn public speaking, gain a food hygiene qualification and learn to become professional cookery class teachers. At the end of the programme, they are well placed to run classes which people are willing to pay for.
## **Classes**
Migrateful cookery classes intend to offer a highly educational experience where participants are invited to learn about a new cuisine, culture and the lives of migrants. The classes have wide appeal, attracting those simply interested in food as well as those wishing to support refugees.
Before the Covid pandemic and the restrictions that ensued, classes were all “in person”, taking place either in public venues such as cafes or in private homes or company offices. They tended to be small groups, with an average of ten participants per class, providing an intimate setting to allow for personal interactions between chefs and class participants. Since the pandemic, we have also offered online classes, where people can join from their own kitchens, guided by the chef. Again, numbers are usually small, so as to retain a sense of intimacy.
## **Solidarity fund**
Our asylum seeker chefs cannot legally be paid. Unable to earn income, many are in dire financial circumstances, unable to afford basic necessities. We are grateful to those grant funders who have provided us with funding to support those in this position. We can offer grants, either for specific one-off items, or for food and basic necessities.
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Migrateful Annual Report 2020-21
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**TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Highlights**
The start of the year began with challenging circumstances for Migrateful, recovering from the impact of the pandemic, however, it has been a year that has also brought new opportunities and growth. Class numbers continued to grow this year; we continued to offer online classes but also were able to increase the number of in-person classes offered. We took on new venues and began teaching classes in new areas outside London.
New cohorts of chefs were trained in Margate, Canterbury and Brighton and classes will begin in these locations at the end of 2021. We are also continuing classes in our first replication area, Bristol, and will be training a second cohorts of chefs there next year.
This year we also focused on expanding our chef journey, and helping our chefs prepare for futures after their time with Migrateful. We hired a catering entrepreneur manager, to provide further support for our chefs, and prepare them both for employment and to set up their own food businesses. We did this by supporting our chefs to delivery catering events. In the first few months we found demand was high, feedback was overwhelmingly positive and our chefs are gaining valuable experience from these events.
||**6m to**
**September**
**2019***|**12m to**
**September**
**2020**|**12m to**
**September**
**2021**|
|---|---|---|---|
|**Active chefs teaching classes**
**at the end of the year**|**24**|**31**|**41**|
|**Classes run**|**168**|**434**|**997**|
|_Of which Online_|_0_|_229_|_924_|
|_Of which In-person_|_168_|_205_|_73_|
|**Class participants**|**1,700**|**4,755**|**11,805**|
* six month period April to September 2019.
In the period, 97% of participants said they would recommend Migrateful to a friend (based on classes held in the period, feedback received from 1502 participants).
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**TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021 Impact**
Migrateful aims to have an impact in two related areas:
- Chefs’ employability and wellbeing;
- Integration.
## **Chefs’ employability and wellbeing**
One of our main goals is ensuring what we offer increases our chefs employability as well as ensuring their wellbeing.
In 2020 we were delighted to be able to employ our former Nigerian chef, Elizabeth, as our Chef Support Officer. Her role is focused on understanding the chefs’ individual needs, constraints and life goals to help us understand how best Migrateful can support them, or, where possible, signpost them to existing support elsewhere. The Chef Support Officer also acts as an advocate for our chefs needs in all team meetings and ensures that our chefs’ voices are brought to the decision making process. She has frequent individual meetings with each of our chefs to not only check on their well-being and any relevant support needs but also to ask about their classes, and seek their feedback and suggestions for future improvements to the class format.
We have also designed an impact measurement tool, in conjunction with our chefs, to enable us to understand more clearly how our two year programme is benefitting our chefs. This was started with our new trainees during the year, so we will be able to monitor their progress going forward.
## **Integration**
Our second goal is to promote integration, and challenge stereotypes around migration. As well as through blogs and other social media platforms such as Instagram, the class model is designed so as to challenge preconceptions.
We have been very fortunate in receiving £100,000 of funding from the Bruno Schroder Trust, which, among other things, will enable us to commission research into the impact of the class model on shifting perceptions and help us hone the model further.
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**TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021 Awards received by Migrateful during the period**
- Shortlisted for the UK Social Enterprise Awards 2021
- Jess was one of the 15 social entrepreneurs to watch in 2021 (Reaching for the Starlings)
## **Cookery School**
We have long sought a permanent venue - a “home” for Migrateful - to enable us to hold our training sessions and run classes. During the year, backed by the Mayor of London and crowd funded by 820 individual supporters we were able to turn this into a reality.
## **PLANS FOR FUTURE PERIOD**
It’s an exciting year ahead for Migrateful. We look forward to the opening of our new cookery school, specifically designed for our model of class. The results of the research we have commissioned should provide insights to help us further improve the class experience and maximise our impact. Training will be underway for new cohorts of chefs in Bristol, London and Brighton as well as researching and planning for replication in other areas of the UK.
In summary we aim to:
- Expand our national reach, offering more classes in our replication areas around the country;
- Open our cookery school, offer a range of classes to individuals and corporates;
- Expand our staff team staff to assist with growth;
- Train one new cohort of 10 chefs in London
- Offer existing chefs advanced training.
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Migrateful Annual Report 2020-21
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**TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021**
## **FINANCIAL REVIEW**
This Trustees’ annual report and financial statements cover the 12-month period ended 30[th] September 2021.
Migrateful received £745,326 in income during the year (2019/20: £331,863), with £362,141 of trading income from classes and catering (49%) (2019/20: £166,508, 58%), £276,821 from grants (37%) (2019/20: £121,023, 36%). and £84,134 in donations (11%) (2019/20: £44,332, 13%).
In respect of trading income, with the continuation of the Covid-19 pandemic Migrateful offered a mixed delivery model with both online and in person classes available for both individual and corporate customers depending on customer requirements and Covid-19 restrictions.
Grants and donations included £84,467 from a crowdfunding campaign to contribute towards the cost of building the Migrateful cookery school in Islington, including £35,000 from the Mayor of London. The cookery school opened in Autumn 2021.
Total expenditure amounted to £448,746 (2019/20: £232,310), providing a surplus of £296,578 (2019/20: £99,553) for the period. Of this surplus, £72,533 is restricted and £224,045 is unrestricted (2019/20: £27,810 restricted and £71,743 unrestricted).
Total reserves at 30 September 2021 were £437,689, with £119,248 restricted reserves and £318,441 unrestricted reserves (2019/20: £141,111 with £46,715 restricted and £94,396 unrestricted). However, of the unrestricted reserves, £176,161 have been designated (2019/20: £50,000) as follows:
i) £82,772 allocated to the costs of the cookery school (£2019/20: £50,000) ii) £93,389 in relation to a £100,000 unrestricted grant received in August 2021 which will fund specific costs agreed with the grant-maker (2019/20: £0).
This provides general unrestricted reserves (free reserves) of £142,280 (2019/20: £44,396).
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. This includes giving due consideration to the impact of the Covid-19 pandemic on income and expenditure as well as its long-term effect on the charity.
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**TRUSTEES’ REPORT YEAR ENDED 30 SEPTEMBER 2021**
## **Reserves policy**
The trustees have set a reserves policy whereby the free reserves (unrestricted funds) held by Migrateful should be equivalent to three months’ staff and operating costs, which equates to £124,500 (2019/20: £39,500). This provides some stability for the organisation were it to experience a fall in income from class sales and grants.
As at 30th September 2021, free reserves amounted to £142,280 (3.4 months’ staff and operating costs) (2019/20: £44,396) after designating £176,161 as described above (2019/20: £50,000). The trustees consider this to be satisfactory given the relatively early stage of development and future expansion plans of the charity and is in line with their policy.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Migrateful is constituted as a Charitable Incorporated Organisation, registered with the Charity Commission on 27[th] September 2018. At the time of registration, activities were undertaken by Migrateful Ltd, a company limited by shares. All activities and assets were transferred to the charity on 1[st] April 2019. Migrateful Ltd was subsequently wound up. The founder, Jessica Thompson, became the Chief Executive of the charity.
The governing body of the charity is the board of trustees, which comprise eight members. Trustees who served during the period and up to the date of signing these financial statements are:
Mary Locke Nora Bali Amaya Dent Mireille Harper Emily Miller Isabel Sachs Habib Sadat Daljeet Singh
The board of trustees is responsible for overseeing all aspects of governance and risk. Strategy is led by the board of trustees, working closely with the staff team. The staff team, led Jessica Thompson (Founder and Chief Executive), is responsible for the implementation of the strategy and day-to-day operations of the charity.
Trustees are appointed by a resolution passed at a meeting of the charity trustees. In selecting new trustees, the trustees consider the skills, knowledge and experience needed for the effective running of the charity. Prior to appointment, new trustees are provided with a copy of the Constitution and policies and procedures, together with the most up-to-date business plan and financial statements and forecasts.
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## **Staff**
At the year end Migrateful had 4 full-time staff and 9 part-time members of staff. We also have over 150 active volunteers who help with the running of classes, training sessions and office tasks. We are hugely grateful to them for their time, skills and dedication.
## **Statement of trustees’ responsibilities in relation to the financial statements**
Charity law requires the charity trustees to prepare financial statements for each accounting period which give a true and fair picture of the state of affairs of the charity for the income and expenditure for the period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Trustee on behalf of the board of trustees**
:
…………………………………………
**Mary Locke Chair of Trustees 8th June 2022**
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**INDEPENDENT EXAMINER’S’ REPORT YEAR ENDED 30 SEPTEMBER 2020**
## **Independent Examiner's report to the trustees of Migrateful**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENT**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
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## **INDEPENDENT EXAMINER’S’ REPORT YEAR ENDED 30 SEPTEMBER 2020**
I 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.
**Olayinka Tomori ACA DChA 8th June 2022**
Longmeade Consult Ltd Regus House Victory Way Admiral’s Park Dartford DA2 6QD
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## **STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 30 SEPTEMBER 2021**
|_Notes_
**Income from:**
Grants
Cookery classes & catering - in person
Cookery classes - online
Donations
Other income|2021
Unrestricted
Funds
2021
Restricted
Funds
£
£
135,500
141,321
48,438
0
313,703
0
26,884
57,249
22,231
0|**2021**
**Total**
£
276,821
48,438
313,703
84,133
22,231|2020
Total
£
121,023
117,649
47,651
44,332
1,208|
|---|---|---|---|
|**Total Income**
_9_|**546,756**
**198,570**|**745,326**|**331,863**|
|**Expenditure on Cost of Raising Funds:**
_2-5_
Direct costs
Staff costs
_2_|305
0
10,682
14,265|305
24,947|0
17,191|
|**Total Cost of Raising Funds**|**10,987**
**14,265**|**25,252**|**17,191**|
|**Expenditure on Charitable Activities:**
_2-5_
Cookery class & catering
Direct costs
Staff costs
_2_
**Cookery class & catering – sub-total**
Chef training
Direct costs
Staff costs
_2_
**Chef training – sub-total**
**Chef support costs**
Support & development costs
Staff costs
_2_
Equipment costs
Marketing and web/IT costs
Other costs
**Support costs – sub-total**
**Cookery school project**|122,963
9,782
79,916
30,970|132,745
110,886|75,686
64,184|
||**202,879**
**40,752**
597
3,083
6,303
11,708|**243,631**
3,680
18,011|**139,870**
13,000
17,229|
||**6,900**
**14,791**
**4,629**
**10,471**
33,969
40,592
5,383
0
6,412
292
43,456
4,874|**21,691**
**15,100**
74,561
5,383
6,704
48,330|**30,229**
**19,667**
10,015
3,146
3,478
8,714|
||**89,220**
**45,758**
**8,096**
**0**|**134,978**
**8,096**|**25,353**
**-**|
|**Total Charitable Activities**|**311,724**
**111,772**|**423,496**|**215,119**|
|**Total Expenditure**||||
||**322,711**
**126,037**|**448,748**|**232,310**|
|||||
|**Net movement in funds**|**224,045**
**72,533**|**296,578**|**99,553**|
|**Reconciliation of funds**
_9,10_
Total funds brought forward|94,396
46,715|141,111|41,558|
|**Total funds carried forward**|**318,441**
**119,248**|**437,689**|**141,111**|
All recognised gains and losses are included in the Statement of Financial Activities. All the charity’s activities are classified as continuing.
The accompanying notes form part of these financial statements.
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## **BALANCE SHEET AS AT 30 SEPTEMBER 2021**
|_30 September_
_Notes_
**Fixed assets:**
Tangible fixed assets
_6_
Tangible fixed assets – work in progress
_6_
**Total fixed assets**
**Current assets:**
Stocks
Debtors
_7_
Cash
**Total current assets**
**Liabilities:**
Creditors: amounts falling due within 1
year
_8_
**Net current assets**
**Total net assets**
**The funds of the charity:**
Restricted income funds
_9,10_
Unrestricted funds
Designated funds
General unrestricted funds
**Total charity funds**||2021
Total
Funds
£
2020
Total
Funds
£
-
-
68,807
-|2021
Total
Funds
£
2020
Total
Funds
£
-
-
68,807
-|
|---|---|---|---|
|||**68,807**
**-**
-
-
72,049
9,629
566,924
273,047||
|||**638,973**
**282,676**
270,091
141,565||
|||**368,882**
**141,111**||
|||**437,689**
**141,111**||
|||119,248
176,161
142,280
318,441|46,715
50,000
44,396
94,396|
|||**437,689**
**141,111**||
The accounts were approved by the board of trustees on 8th June 2022 and signed on their behalf by:
…………………………………….
## **Mary Locke**
## **Chair of trustees**
The accompanying notes form part of these financial statements.
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## **STATEMENT OF CASH FLOWS AS AT 30 SEPTEMBER 2021**
|_Year Ending 30 September_|_Note_|2021|2020|
|---|---|---|---|
|||£|£|
|**Cash flows from operating activities:**||||
|Net cash provided by (used in) operating activities|_A_|362,684|226,897|
|**Cash flows from investing activities:**||||
|Purchase of fixed assets (work in progress)||(68,807)|-|
|Net cash provided by (used in) investing activities||(68,807)||
|**Change in cash and cash equivalents in the reporting period**||**293,877**|**226,897**|
|Cash & Cash Equivalents at the beginning of the reporting period||273,047|46,150|
|**Cash & Cash Equivalents at the end of the reporting period**||**566,924**|**273,047**|
|**A.** **Reconciliation of Net Income to Net Cash Flow from Operating**||**Activities**||
|30 September||2021|2020|
|||£|£|
|Net income for the reporting period||296,578|99,553|
|Add back: Depreciation charges||-|-|
|(increase)/decrease in debtors||(62,420)|5,115|
|Increase in creditors||128,526|122,229|
|**Net cash provided by (used in) operating activiti**es||**362,684**|**226,897**|
|**B.** **Analysis of Cash and Cash Equivalents**||||
|30 September||2021|2020|
|||£|£|
|Cash in hand an in bank||566,924|303,185|
|Other cash equivalents||-|-|
|**Total cash and cash equivalents**||**566,924**|**303,185**|
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**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
## **Notes to the financial statements**
## **1. Basis of preparation and accounting policies**
**Basis of preparation**
- a) These accounts (financial statements) have been prepared under the historic cost convention, on a going concern basis, with items recognised at cost or transaction value, unless otherwise stated in the relevant note(s), in accordance with:
## (i) The Charities Act 2011
- (ii) The Financial Reporting Standard applicable in the UK and the Republic of Ireland, as amended in December 2017
- (iii) Accounting & Reporting by Charities: Statement of Recommended Practice (Charities SORP FRS102) (Second Edition effective January 2019)
to comply with the revised layout of the financial statements required by the Charities SORP (FRS102).
- b) The charity meets the definition of a public benefit entity as defined by FRS 102.
- c) The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. This included giving due consideration to the impact of the Covid-19 pandemic on income and expenditure as well as its long-term effect on the charity.
**Accounting policies**
- d) Fund accounting
Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity. Designated funds are unrestricted funds set aside at the discretion of the Trustees for a specific purpose.
Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes.
The purposes of the funds are shown in Note 9.
- e) Income
Income is recognised and included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income, receipt is probable and the monetary value can be measured with sufficient reliability.
Income that Migrateful has received, but is not entitled to recognise, is treated as deferred income. Unredeemed gift voucher income is treated as deferred income.
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**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
Migrateful monitors the levels of unredeemed gift vouchers. Migrateful's gift voucher redemption policy is outlined on it's website: https://www.migrateful.org/gift-voucher/. Due to the COVID-19 pandemic, with lock down restrictions and customer's appetite to attend in person events, Migrateful did not cancel any gift vouchers during the financial year.
Bank interest and Gift Aid is recognised on receipt.
- f) Expenditure and liabilities
Expenditure is recognised on the accruals basis.
The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
Liabilities are recognised as soon as there is a legal or constructive obligation to pay.
Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
- g) Tangible fixed assets
Tangible assets are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at their value on receipt.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Computer equipment 3 years Office equipment 5 years Fixtures and fittings 5 years
Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
Tangible fixed assets – work in progress is not depreciated until the year in which the project is completed.
- h) Current assets and liabilities
- (i) Debtors are recognised at the settlement amount due.
- (ii) Prepayments are valued at the amount prepaid.
- (iii) Cash comprises bank deposits repayable on demand and any short-term highly liquid deposits
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
- (iv) Creditors 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 are normally recognised at their settlement amount, usually the invoice amount.
- (v) Accrued charges are normally valued at their settlement amount.
## i) Taxation
The charity is not liable to income tax or capital gains tax on its charitable activities.
## j) Pensions
Migrateful operates a defined contribution scheme through NEST. Contributions are charged to the SOFA as they become payable.
## k) 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.
## **2. Staff costs**
||Salaries and wages
Social security
Pension costs
Staff costs|**2021**
**£**
**2020**
**£**
211,396
104,217
13,238
2,614
3,770
1,788|
|---|---|---|
|||228,404
108,619|
No employees earned over £60,000 per year during the period (2019/20: no employees).
Key management personnel: Total employee benefits (including employers' Nl and pension contribution) of the CEO were £43,370 (2019/20: £34,383).
Migrateful employed an average of 9.7 employees (7.3 full-time equivalent) during the period (2019/20: average of 7 (4.5 full-time equivalent)).
## **3. Trustees’ remuneration, benefits and expenses**
During the financial year, two trustees incurred expenses of £709 on behalf of the charity, no balance was outstanding on 30 September 2021. (2019/20: one trustee incurred expenses of £15 on behalf of the charity, this was outstanding on 30 September 2020 and was paid in 2020/21).
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
## **4. Related party transactions**
Other than the amounts outlined above, there were no other related party transactions during the period.
## **5. Independent examination fees**
The independent examiner will receive £1,200 + VAT in relation to conducting the independent examination (2019/20: £850+VAT). No other fees were paid to the independent examiner.
## **6. Tangible fixed assets**
||**Valuation:**
At 1 October 2020
Additions
At 30 September 2021
**Depreciation:**
At 1 October 2020
Additions
At 30 September 2021
**Net Book Value:**
**2021**
2020|**Leasehold**
**Improvements**
**– Work in**
**Progress**
**£**
-
68,807|**Total**
**£**
-
68,807|
|---|---|---|---|
|||68,807|68,807|
|||-
-|-
-|
|||-|-|
|||**68,807**|**68,807**|
|||-|-|
At the year end the charity was in the process of building a cookery school at The Peel Institute in Clerkenwell, London. The project was completed in October 2021. At the year end, the investment made in the period prior to 30 September is recorded as work in progress (2019/20: nil). Migrateful does not have any other tangible fixed assets. (2019/20: £nil)
## **7. Debtors**
|**2021**
**£**
**2020**
**£**
Trade debtors
20,282
8,951
Prepayments and accrued income
51,767
678
**Total**
**72,049**
**9,629**|**2021**
**£**
**2020**
**£**
Trade debtors
20,282
8,951
Prepayments and accrued income
51,767
678
**Total**
**72,049**
**9,629**|**2021**
**£**
**2020**
**£**
Trade debtors
20,282
8,951
Prepayments and accrued income
51,767
678
**Total**
**72,049**
**9,629**|
|---|---|---|
||Trade debtors
Prepayments and accrued income
**Total**|**2021**
**£**
**2020**
**£**
20,282
8,951
51,767
678|
|||**72,049**
**9,629**|
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
## **8. Creditors: amounts falling due within one year**
|Trade creditors
Accruals
Deferred income
Other taxes and Social Security
Other creditors
**Total**|**2021**
**£**
**2020**
**£**
9,178
872
7,392
4,860
245,933
134,706
7,293
1.127
295
-|
|---|---|
||**270,091**
**141,565**|
|||
|**Movements in Deferred Income**
At 1 October
Applied during the year
Released during the year
**Deferred income at 30 September**|**2021**
**£**
**2020**
**£**
134,706
15,234
138,733
119,472
(27,506)
-|
||**245,933**
**134,706**|
Deferred income primarily comprises unredeemed gift vouchers which were sold prior to 30 September 2021. Whilst gift vouchers have an expiry date, due to the ongoing pandemic Migrateful did not cancel any gift vouchers during the year (2019/20: £nil)
## **9. Analysis of movement in funds**
During the year Migrateful received restricted grants and donations totalling £198,570 as outlined below:
||**Grant maker**
Un Ltd
Garfield Weston Foundation
UBS
Awards for All
John James Bristol Foundation
Hilden Charitable Fund
Network of Social Change
Solidarity Fund fundraising
Mission Meals Crowdfunder
Local Giving
Zero Emissions Network
R Skinsley
CookerySchool fundraising|**Purpose**
Salaries
Core costs
Training Manager & CEO salary
Kent replication
Bristol replication
Chef solidarity fund
Marketing Managers salary
Chef solidarity fund
Mission Meals
Chef solidarity fund
E-Cargo sike
Training retreat
CookerySchoolproject|**2021**
**£**
39,247
20,000
15,000
9,433
7,000
6,000
5,032
4,863
2,670
2,658
1,950
250
84,467|
|---|---|---|---|
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
Comparative 2019/20: During the previous financial year Migrateful received restricted grants and donations £78,848 as outlined below:
||**Grant maker**
Antonio Carluccio Foundation
Awards for All
British Council
CAF Coronavirus Fund
Garfield Weston Foundation
Kent Community Foundation
Kings College London
London Churches Refugee Fund
London Community Response Fund
Marathon Fundraiser
Migration Foundation
Maureen & Derek Morton Trust|**Purpose**
Chef solidarity fund
CEO salary
Social Enterprise Social Forum
Core costs
Core costs
Kent replication project
Classes and research project
Chef solidarity fund
Online chef training
Chef solidarity fund
Contribution to Marketing Manager salary
Chef solidarityfund|**2020**
**£**
10,000
9,998
1,000
5,000
20,000
6,000
8,900
800
6,500
2,525
5,000
3,125|
|---|---|---|---|
The movement in restricted funds during the year and fund balances at the end of the year are outlined below:
||Garfield Weston Foundation
Kings College
Kent Community Fund
Awards for All
Maureen & Derek Morton Trust
Migration Foundation
Marathon Fundraiser
Un Ltd
UBS
Awards for All
John James Bristol Foundation
Hilden Charitable Fund
R Skinsley
Solidarity Fund fundraising
Mission Meals Crowdfunder
Local Giving
Zero Emissions Network
Network of Social Change
Cookery School fundraising
**Total**|**Balance at**
**1 Oct 2020**
**£**
Income
£
Expenditure
£
20,000
20,000
21,667
8,900
-
8,900
6,000
-
6,000
5,832
-
5,832
3,125
-
3,125
2,500
-
2,500
358
-
358
-
39,247
39,247
-
15,000
14,035
-
9,433
9,433
-
7,000
-
-
6,000
3,314
-
5,032
5,032
-
4,863
1,016
-
2,670
2,670
-
2,658
2,658
-
1,950
-
-
250
250
-
84,467
-|**Balance at**
**30 Sep**
**2021**
**£**
18,333
-
-
-
-
-
-
-
965
-
7,000
2,686
-
3,847
-
-
1,950
-
84,467|
|---|---|---|---|
|||**46,715**
**198,570**
**126,037**|
**119,248**|
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
Comparative 2019/20: The movement in restricted funds during the previous financial period and fund balances at the end of the period are outlined below:
||Awards for All
Day for Life
Migration Foundation
Swan Mountain
Swire Charitable Trust
Antonio Carluccio Foundation
Awards for All
British Council
CAF Coronavirus Fund
Garfield Weston Foundation
Kent Community Foundation
Kings College London
London Churches Refugee Fund
London Community Response Fund
Marathon Fundraiser
Migration Foundation
Maureen & Derek Morton Trust
**Total**|**Balance at**
**1 Oct 2019**
**£**
Income
£
Expenditure
£
6,158
-
6,158
2,475
-
2,475
4,292
-
4,292
980
-
980
5,000
-
5,000
-
10,000
10,000
-
9,998
4,166
-
1,000
1,000
-
5,000
5,000
-
20,000
-
-
6,000
-
-
8,900
-
-
800
800
6,500
6,500
-
2,525
2,167
-
5,000
2,500
-
3,125
-|**Balance at**
**30 Sep**
**2020**
**£**
-
-
-
-
-
-
5,832
-
-
20,000
6,000
8,900
-
-
358
2,500
3,125|
|---|---|---|---|
|||**18,905**
**78,848**
**51,038**|**46,715**|
The movement in designated funds during the year and fund balances at the end of the year are outlined below:
|Cookery School|**Balance at**
**1 Oct 2020**
**£**
Income
£
Expenditure
£
50,000
32,772
-
-
100,000
6,611|**Balance at**
**30 Sep**
**2021**
**£**
82,772
93,389|
|---|---|---|
|Bruno Schroder Trust|||
|**Total**|**50,000**
132,772
6,611|**176,161**|
Migrateful has designated two amounts at 30 September 2021:
i) £82,772 in relation to the costs of construction of the cookery school which will be funded from unrestricted funds in 21/22. These costs will be incurred in full in 21/22.
ii) £93,389 in relation to a £100,000 unrestricted grant from the Bruno Schroder Trust in August 2021 which will fund specific costs agreed with the grant-maker. These costs will be incurred in full in 21/22.
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
**NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
## **10. Analysis of net assets between funds**
Analysis of net assets between funds at 30 September 2021
||Tangible fixed assets
Current assets
Creditors: amounts falling due
within 1 year
Total|2021
2021
Restricted
Unrestricted Funds
Funds
Designated
General
£
£
£
-
68,807
-
119,248
107,354
412,371
-
-
(270,091)|**2021**
**Total**
**Funds**
**£**
68,807
638,973
(270,091)|
|---|---|---|---|
|||119,248
176,161
142,280|437,689|
Comparative 2019/20: Analysis of net assets between funds at 30 September 2020
||Tangible fixed
assets
Current assets
Creditors: amounts falling due
within 1 year
**Total**|2020
2020
Restricted
Unrestricted Funds
Funds
Designated
General
£
£
£
-
-
-
46,715
50,000
185,961
-
-
(141,565)|**2020**
**Total**
**Funds**
**£**
**-**
282,676
(141,565)|
|---|---|---|---|
|||**46,715**
**50,000**
**44,396**|**141,111**|
£50,000 had been designated to fund the dedicated cookery school which Migrateful is establishing at The Peel Institute in Central London.
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Migrateful Annual Report 2020-21
**MIGRATEFUL**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021**
|**Comparative Statement of Financial**|**Activity**|**for the year ended 30 September 2020**|**for the year ended 30 September 2020**|**for the year ended 30 September 2020**|
|---|---|---|---|---|
||_Notes_|2020|2020|2020|
|||Unrestricted|Restricted|Total|
|||Funds|Funds||
|||£|£|£|
|**Income from:**|||||
|Grants||44,700|76,323|121,023|
|Cookery classes & catering||117,649|-|117,649|
|Online cookery classes||47,651|-|47,651|
|Donations||41,807|2,525|44,332|
|Other income||1,208|-|1,208|
|**Total Income**|_9_|**253,015**|**78,848**|**331,863**|
|**Expenditure on:**|_2-5_||||
|**Cookery class & catering**|||||
|Direct costs||72,174|3,512|75,686|
|Staff costs|_2_|53,126|11,058|64,184|
|Sub-total||125,300|14,570|139,870|
|**Chef training**|||||
|Direct costs||6,853|6,147|13,000|
|Staff costs|_2_|13,057|4,172|17,229|
|Sub-total||19,910|10,319|30,229|
|**Chef support costs**||543|19,124|19,667|
|**Support costs**|||||
|Staff costs|_2_|21,277|5,929|27,206|
|Equipment costs||3,146|-|3,146|
|Marketing and web/IT costs||3,478|-|3,478|
|Other costs||7,618|1,096|8,714|
|Sub-total||35,519|7,025|42,544|
|**Total Expenditure**||**181,272**|**51,038**|**232,310**|
|**Net movement in funds**||**71,743**|**27,810**|**99,553**|
|**Reconciliation of funds**|_9,10_||||
|Total funds brought forward||22,653|18,905|41,558|
|Total funds carried forward||**94,396**|**46,715**|**141,111**|
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Migrateful Annual Report 2020-21