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2023-09-30-accounts

MIGRATEFUL Trustees, Annual Report and Accounts 2022/2023 Year ended 30 September 2023

MIGRATEFUL TRUSTEES’ REPORT

YEAR ENDED 30th SEPTEMBER 2023

REFERENCE DETAILS

Trustees

Mary Locke, Chair Emily Miller Isabel Sachs Habib Sadat Paul Kane (appointed 20th March 2024) Netal Munoth (appointed 20th March 2024) Nora Bali, Treasurer (resigned 20th March 2024) Amaya Dent (resigned 27th March 2023) Mireille Harper (resigned 6th December 2023) Daljeet Singh (resigned 26th September 2023)

CEO

Vickie Wambura (Interim CEO 25th September 2022 until 25th September 2023, Co-CEO thereafter)

Jess Thompson (Founder & Co-CEO)

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 The Old Rectory Springhead Road Northfleet DA11 8HN

Bank

Metrobank 1 Southampton Row London WC1B 5HA

Website address

www.migrateful.org

1

MIGRATEFUL TRUSTEES’ REPORT

YEAR ENDED 30th SEPTEMBER 2023

INTRODUCTION

The trustees present their report with the charity's financial statements for the period ended 30 September 2023. 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 1st January 2019).

Migrateful is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (registered number 1180110).

The governing document is a constitution dated 19th September 2018. Migrateful registered with the Charity Commission on 27[th ] September 2018.

These financial statements cover the year from 1st October 2022 to 30th September 2023.

1. 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:

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:

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; 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".

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.

2

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.

Activities

Migrateful supports migrants struggling to integrate and access employment in the UK, through the provision of opportunities to lead cookery classes and receive other types of integration support.

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.

Our cookery class teachers (chefs) are all migrants facing barriers to integration. They come from a very wide range of backgrounds, from refugees with advanced professional qualifications to those who were trafficked here as children and who have only a rudimentary education. They are often isolated, living alone, or in a tight community of their home language and/or culture.

They fall into two main groups. In the first group are those who are waiting for a decision on whether they can remain in the country, and who do not have the legal right to work. For our chefs, the wait time to receive their status ranges from 1 to 20 years. They are legally barred

3

from working while they wait; being unable to provide for themselves puts an immense strain on them, and on their dependents.

In the second group are those who have been granted the right to remain and who are therefore legally able to work. Some nevertheless still face difficulties finding employment and a place in society, even after having been in the UK for many years, often because of language barriers, or because their qualifications are not recognised in this country. The common thread amongst them all is the struggle to find a sense of belonging in the UK and to utilise their skills to participate in and contribute fully to society.

For both 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, 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. But work is also needed to dispel misconceptions amongst the general public and provide a more balanced narrative on immigration.

Training

Migrateful trainee chefs go through an initial 12-week training course. During this time, they learn public speaking, gain a food hygiene qualification and learn to become cookery class teachers. At the end of the training course, they are well-placed to run classes for paying members of the public. The Migrateful programme lasts two to three years in total; throughout this time, chefs continue to receive training and pastoral support from the Migrateful team and are signposted to further employment opportunities.

4

Classes

Migrateful cookery classes 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.

In 2021, we successfully crowdfunded enough money to open our own cookery school in Farringdon (see image on p.6). We use this space to run our cookery classes with companies and the general public as well as our chef training programmes.

5

We also run our cookery classes in other satellite venues across London, Bristol and Brighton and continue to run our cookery classes online.

Solidarity fund

Asylum seekers do not have the right to work. Unable to earn income, many are in dire financial circumstances, unable to afford basic necessities. We have established a “solidarity fund” to offer small grants, either for specific one-off items, or for food and basic needs, to those in this position.

3 . ACHIEVEMENTS AND PERFORMANCE

What we said we would achieve

In our previous 2021-22 annual report we set out the following aims for the 2022-23 year:

Classes

To increase the number of in person classes we are offering

Training and chef support

Train new cohorts of chefs in London and Brighton and strengthen the support offered to chefs in developing pathways to employment

Organisational development

Pilot a new class model - the “cookery demo” To hire a manager in Bristol Consolidate and automate our back-office systems

6

Publish our first impact report

What we achieved

All of these targets have been achieved during the year, except the publication of our first impact report, which took place in January 2024.

Classes

This financial year we increased the number of in-person classes we offered from 658 in the previous year to 729. We reduced the number of online classes from 294 to 130 in response to a decrease in customer demand for this format post-pandemic. We ran 906 classes in total amounting to 4,296 hours of work experience for our chefs. In-person classes require considerably more staff and volunteer capacity, hence the reduction in the total number of classes offered as we pivot back to a greater proportion of in-person classes.

Training and chef support

We trained 12 new chefs in London and began training two new chefs in Brighton in September 2023. We hired an additional team member to support the chef development team, the Chef Support Officer, who has improved the quality of our training and increased the depth of support we can offer to chefs. Of the 9 trained chefs who graduated from our programme during the reporting period, 8 are working either full or part-time and one is studying while also caring for dependents.

Organisational development

We developed a new product – the “Cookery Demo” – which lasts just one hour and can be attended by significantly bigger groups than our standard cookery classes. This was designed to enable us to accommodate requests from companies who often want shorter sessions for larger groups. We ran 19 demos with companies during the reporting period and received very positive feedback. We have continued to work on back-office efficiencies, in particular streamlining our systems using Salesforce to automate tasks

7

that were previously done manually such as our volunteer and bookings system. We hired a ‘Business Development and Operations Manager’ in Bristol to continue to grow our work there.

The table below shows the number of classes delivered and participants engaged in the reporting period.

(Previous year)
Oct-Sep 21-22		 (Reporting year)
Oct-Sep 22-23
658
(73% / 27%)		 729
(64% / 36%)
Number of in-person classes
(% public vs % corporate)
294 130
Number of online classes
952 906
Total number of classes
11,252 9,737
Number of participants
577 711
Number of class volunteers
16 12
Number of new chefs trained
48 56
Number of active chefs

Impact on chefs

For the chefs, the classes offer a welcome opportunity to interact with a wider group, build their language skills and confidence, feel human and appreciated, and for those with the right to work, to also earn an income. While each chef faces their own individual challenges, the key benefits of Migrateful that are mentioned by chefs time and again fall into four categories: Wellbeing; Integration; Employment; and Language.

A report was published in January 2024 which gives fuller details of our impact. Below is a snapshot of our impact on chefs, in numbers and words, taken from the report:

8

Impact on participants

During the reporting period, 809 of our cookery class participants filled out a post-cookery class survey. 40% of participants reported increased knowledge about migrants' situations and

9

21% reported feeling warmer attitudes toward migrants after attending the class. This is in line with the impact we have seen on participants' knowledge and attitudes towards migrants in previous years. This is an important part of our theory of change; our classes not only help vulnerable migrants to integrate but also work to foster a more welcoming environment for migrants. Classes continue to be very popular with participants; in the period, 97% of participants said they would recommend Migrateful to a friend.

Staff

On 25th September 2022 Migrateful’s Founder and CEO, Jess Thompson moved into a oneday-a-week part-time role for one year in order to complete a Masters in International Migration and Public Policy at the London School of Economics. The idea behind this was to enrich Migrateful’s understanding of the complexities of the immigration policy environment, to feed into our advocacy work going forward. In the interim, Vickie Wambura who previously served as our Finance & Operations Manager took over as Interim CEO.

Vickie grew up in Kenya and is the founder of Nafisika Trust, Kenya, which works to integrate prison inmates into society. She has over 10 years of experience leading charities and working with vulnerable groups and contributes valued leadership to Migrateful. On Jess’ return to a full-time role on 25th September 2023, the decision was made for Vickie and Jess to co-lead as Co-CEOs. This photo shows Vickie on the left and Jess on the right in front of our cookery school in Farringdon.

4. PLANS FOR FUTURE PERIOD

We have developed a unique and innovative model which is creating life-changing impact in the lives of our chefs and wider society. Our aims going forward are:

10

5. FINANCIAL REVIEW

This Trustees’ annual report and financial statements covers the 12-month period ended 30th September 2023.

Migrateful achieved income of £941,938 during the year (2021/22: £993,006), with £682,398[1 ] of trading income from classes (72%) (2021/22: £609,102, 62%), £175,676 from grants (19%) (2021/22: £329,540, 33%), £52,247 in donations (6%) (2021/22: £28,769, 3%) and £31,617 (3%) (2021/22: £25,595, 2%) in other income. Whilst grant income fell during the year, it was pleasing to report a 12% increase in income from ticket sales.

Total expenditure amounted to £923,598 (2021/22: £899,994), providing a surplus of £18,340 (2021/22: £93,012) for the year. Migrateful reported an unrestricted surplus of £104,455 and a restricted deficit of £86,115. (2021/22: £46,585 unrestricted surplus and £46,427 restricted surplus).

Total reserves as of 30th September 2023 were £549,041, with £79,560 restricted reserves and £469,481 unrestricted reserves (2021/22: £530,701, with £165,675 restricted and £365,026 unrestricted). Of the unrestricted reserves, £38,701 was designated to the Cookery School fixed assets balance (2021/22: £51,601). Fixed assets not covered by designated funds amounted to £56,358 (2021/22: £67,574). Hence Migrateful had free reserves of £374,422 (2021/22: £245,851) on 30th September 2023.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Reserves policy

The trustees have taken into consideration the development of the organisation and have reviewed the reserves policy. The trustees have set a new reserves policy whereby the free reserves held by Migrateful should be equivalent to four-to-six months of cash costs, which equates to £297,675 to £446,513. This would provide stability for the organisation were it to experience a fall in income from class sales and grants. A range has been introduced to take into consideration the potential volatility of income from year-to-year and variation in the restricted funds balance.

As of 30th September 2023, free reserves amounted to £374,422 (5.0 months of cash costs) (2021/22: £245,851, 3.4 months). The trustees consider this to be satisfactory.

1 including £112,117 relating to older unredeemed gift vouchers.

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6. 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 comprises seven members. Trustees who served during the period and up to the date of signing these financial statements are:

Mary Locke, Chair Emily Miller Isabel Sachs Habib Sadat Paul Kane (appointed 20th March 2024) Netal Munoth (appointed 20th March 2024) Nora Bali, Treasurer (resigned 20th March 2024) Amaya Dent (resigned 27th March 2023) Mireille Harper (resigned 6th December 2023) Daljeet Singh (resigned 26th September 2023)

Staff

At the year end, Migrateful had 12.4 full time equivalent (9 full-time staff and 6 part-time) members of staff. We also have approximately 700 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. Our team also includes freelance facilitators to assist with the cookery classes and Migrateful chefs who teach the classes.

12

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:

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 Date: 18[th] June 2024

13

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 30th September 2023 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:

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:

14

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

Longmeade Consult Ltd The Old Rectory, Springhead Road Northfleet, DA11 8HN

15[th] July 2024

15

MIGRATEFUL

STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 30th SEPTEMBER 2023

All figures £
Notes
2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2022
Total
Income from:
Grants
139,575
36,101
175,676
329,540
Donations
51,884
363
52,247
28,769
Charitable activities:
Cookery classes & catering
570,281
-
570,281
523,406
Investment income – bank interest
11,956
-
11,956
2,215
Other income
131,778
-
131,778
109,.076
Total Income
13
905,474
36,464
941,938
993,006
Expenditure on:
2-8
Raising funds
2
41,874
2,144
44,018
62,288
Charitable activities
3
759,145
120,435
879,580
837,706
Total Expenditure
801,019
122,579
923,598
899,994
Net movement in funds
104,455
(86,115)
18,340
93,012
Reconciliation of funds
13,14
Total funds brought forward
365,026
165,675
530,701
437,689
Total funds carried forward
469,481
79,560
549,041
530,701		 All figures £
Notes
2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2022
Total
Income from:
Grants
139,575
36,101
175,676
329,540
Donations
51,884
363
52,247
28,769
Charitable activities:
Cookery classes & catering
570,281
-
570,281
523,406
Investment income – bank interest
11,956
-
11,956
2,215
Other income
131,778
-
131,778
109,.076
Total Income
13
905,474
36,464
941,938
993,006
Expenditure on:
2-8
Raising funds
2
41,874
2,144
44,018
62,288
Charitable activities
3
759,145
120,435
879,580
837,706
Total Expenditure
801,019
122,579
923,598
899,994
Net movement in funds
104,455
(86,115)
18,340
93,012
Reconciliation of funds
13,14
Total funds brought forward
365,026
165,675
530,701
437,689
Total funds carried forward
469,481
79,560
549,041
530,701		 All figures £
Notes
2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2022
Total
Income from:
Grants
139,575
36,101
175,676
329,540
Donations
51,884
363
52,247
28,769
Charitable activities:
Cookery classes & catering
570,281
-
570,281
523,406
Investment income – bank interest
11,956
-
11,956
2,215
Other income
131,778
-
131,778
109,.076
Total Income
13
905,474
36,464
941,938
993,006
Expenditure on:
2-8
Raising funds
2
41,874
2,144
44,018
62,288
Charitable activities
3
759,145
120,435
879,580
837,706
Total Expenditure
801,019
122,579
923,598
899,994
Net movement in funds
104,455
(86,115)
18,340
93,012
Reconciliation of funds
13,14
Total funds brought forward
365,026
165,675
530,701
437,689
Total funds carried forward
469,481
79,560
549,041
530,701
All figures £
Notes
Income from:
Grants
Donations
Charitable activities:
Cookery classes & catering
Investment income – bank interest
Other income
Total Income
13
Expenditure on:
2-8
Raising funds
2
Charitable activities
3
Total Expenditure
Net movement in funds
Reconciliation of funds
13,14
Total funds brought forward
Total funds carried forward		 2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2022
Total
139,575
36,101
175,676
329,540
51,884
363
52,247
28,769
570,281
-
570,281
523,406
11,956
-
11,956
2,215
131,778
-
131,778
109,.076
905,474
36,464
941,938
993,006
41,874
2,144
44,018
62,288
759,145
120,435
879,580
837,706
801,019
122,579
923,598
899,994
104,455
(86,115)
18,340
93,012
365,026
165,675
530,701
437,689
469,481
79,560
549,041
530,701

All recognised gains and losses are included in the Statement of Financial Activities. The comparative Statement of Financial Activities is in Note 15 All the charity’s activities are classified as continuing. The accompanying notes form part of these financial statements.

16

MIGRATEFUL

BALANCE SHEET AS AT 30th SEPTEMBER 2023

BALANCE SHEET
AS AT 30th SEPTEMBER 2023		 BALANCE SHEET
AS AT 30th SEPTEMBER 2023		 BALANCE SHEET
AS AT 30th SEPTEMBER 2023
30 September
Notes
2023
Total
Funds
£
2022
Total
Funds
£
Fixed assets:
Tangible fixed assets
9
92,497
119,175
Intangible fixed assets
10
2,562
-
Total fixed assets
95,059
119,175
Current assets:
Debtors
11
154,872
31,227
Cash
591,000
723,608
Total current assets
745,872
754,835
Liabilities:
Creditors: amounts falling due within 1 year
12
291,890
343,309
Net current assets
453,982
411,526
Total net assets
549,041
530,701
The funds of the charity:
13,14
Restricted income funds
79,560
165,675
Unrestricted income funds
Designated funds
38,701
51,601
General unrestricted funds
430,780
313,425
469,481
365,026
Total charity funds
549,041
530,701
30 September
Notes
Fixed assets:
Tangible fixed assets
9
Intangible fixed assets
10
Total fixed assets
Current assets:
Debtors
11
Cash
Total current assets
Liabilities:
Creditors: amounts falling due within 1 year
12
Net current assets
Total net assets
The funds of the charity:
13,14
Restricted income funds
Unrestricted income funds
Designated funds
General unrestricted funds
Total charity funds		 2023
Total
Funds
£
2022
Total
Funds
£
92,497
119,175
2,562
-
95,059
119,175
154,872
31,227
591,000
723,608
745,872
754,835
291,890
343,309
453,982
411,526
549,041
530,701
79,560
165,675
38,701
51,601
430,780
313,425
469,481
365,026
549,041
530,701

The accounts were approved by the board of trustees on 18th June 2024 and signed on their behalf by:

…………………………………….

Mary Locke

Chair of Trustees

The accompanying notes form part of these financial statements.

17

MIGRATEFUL

STATEMENT OF CASHFLOWS YEAR ENDED 30th SEPTEMBER 2023

30 September
Notes
2023
Total
Funds
£
2022
Total
Funds
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
(126,151)
236,846
Cash flows from investing activities:
Purchase of fixed assets
(6,457)
(80,162)
Net cash provided by (used in) investing activities
(6,457)
(80,162)
Change in cash and cash equivalents in the reporting period
(132,608)
156,684
Cash & Cash Equivalents at the beginning of the reporting period
723,608
566,924
Cash & Cash Equivalents at the end of the reporting period
B
591,000
723,608		 30 September
Notes
2023
Total
Funds
£
2022
Total
Funds
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
(126,151)
236,846
Cash flows from investing activities:
Purchase of fixed assets
(6,457)
(80,162)
Net cash provided by (used in) investing activities
(6,457)
(80,162)
Change in cash and cash equivalents in the reporting period
(132,608)
156,684
Cash & Cash Equivalents at the beginning of the reporting period
723,608
566,924
Cash & Cash Equivalents at the end of the reporting period
B
591,000
723,608		 30 September
Notes
2023
Total
Funds
£
2022
Total
Funds
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
(126,151)
236,846
Cash flows from investing activities:
Purchase of fixed assets
(6,457)
(80,162)
Net cash provided by (used in) investing activities
(6,457)
(80,162)
Change in cash and cash equivalents in the reporting period
(132,608)
156,684
Cash & Cash Equivalents at the beginning of the reporting period
723,608
566,924
Cash & Cash Equivalents at the end of the reporting period
B
591,000
723,608
30 September
Notes
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
Cash flows from investing activities:
Purchase of fixed assets
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash & Cash Equivalents at the beginning of the reporting period
Cash & Cash Equivalents at the end of the reporting period
B		 2023
Total
Funds
£
2022
Total
Funds
£
(126,151)
236,846
(6,457)
(80,162)
(6,457)
(80,162)
(132,608)
156,684
723,608
566,924
591,000
723,608

A. Reconciliation of Net Income to Net Cash Flow from Operating Activities

A. Reconciliation of Net Income to Net Cash Flow from Operating Activities A. Reconciliation of Net Income to Net Cash Flow from Operating Activities A. Reconciliation of Net Income to Net Cash Flow from Operating Activities
30 September
Notes
2023
Total
£
2022
Total
£
Net income for the reporting period
18,340
93,012
Add back: Depreciation charges
30,573
29,794
(Increase)/decrease in debtors
(123,645)
40,822
(Decrease)/increase in creditors
(51,419)
73,218
Net cash provided by (used in) operating activities
(126,151)
236,846
30 September
Notes
Net income for the reporting period
Add back: Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by (used in) operating activities		 2023
Total
£
2022
Total
£
18,340
93,012
30,573
29,794
(123,645)
40,822
(51,419)
73,218
(126,151)
236,846

B. Analysis of Cash and Cash Equivalents

B. Analysis of Cash and Cash Equivalents B. Analysis of Cash and Cash Equivalents B. Analysis of Cash and Cash Equivalents
30 September
Notes
2023
Total
£
2022
Total
£
Cash in hand an in bank
591,000
723,608
Other cash equivalents
-
-
Total cash and cash equivalents
591,000
723,608
30 September
Notes
Cash in hand an in bank
Other cash equivalents
Total cash and cash equivalents		 2023
Total
£
2022
Total
£
591,000
723,608
-
-
591,000
723,608

18

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

1. Basis of preparation and accounting policies

Basis of preparation

b) The charity meets the definition of a public benefit entity as defined by FRS 102.

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 13

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.

Migrateful monitors the level of unredeemed gift vouchers and cancelling gift vouchers more than two years old as at 30 September 2023, thereby recognising £112,117 (2022: £85,696) of income included in Other Income.

Bank interest and Gift Aid is recognised on receipt.

19

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

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 Leasehold improvements 5 years

Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

h) Intangible Fixed Assets

Intangible 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.

Amortisation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The amortisation rates in use are as follows:

Re-branding 3 years

i) Current assets and liabilities

j) Taxation

The charity is not liable to income tax or capital gains tax on its charitable activities.

20

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

k) Pensions

Migrateful operates a defined contribution scheme through NEST. Contributions are charged to the SOFA as they become payable.

l) 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. Expenditure on raising funds

2. Expenditure on raising funds 2. Expenditure on raising funds 2. Expenditure on raising funds
2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
Staff costs
28,400
900
29,300
Support costs
13,474
1,244
14,718
Total expenditure on raising funds
41,874
2,144
44,018
Staff costs
Support costs
Total expenditure on raising funds		 2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
28,400
900
29,300
13,474
1,244
14,718
41,874
2,144
44,018

Comparative expenditure on raising funds for the year ended 30 September 2022

2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
Staff costs
35,157
5,658
40,815
Support costs
19,293
2,180
21,473
Total expenditure on raising funds
54,450
7,838
62,288		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
Staff costs
35,157
5,658
40,815
Support costs
19,293
2,180
21,473
Total expenditure on raising funds
54,450
7,838
62,288		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
Staff costs
35,157
5,658
40,815
Support costs
19,293
2,180
21,473
Total expenditure on raising funds
54,450
7,838
62,288
Staff costs
Support costs
Total expenditure on raising funds		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
35,157
5,658
40,815
19,293
2,180
21,473
54,450
7,838
62,288

21

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

3. Expenditure on charitable activities

3. Expenditure on charitable activities 3. Expenditure on charitable activities
Cookery class
Direct costs
Staff costs
Sub-total		 2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
354,701
20,580
375,281
168,133
29,257
197,390
522,834
49,837
572,671
Chef training
Direct costs
Staff costs
Sub-total		 7,957
7,442
15,399
51,995
28,692
80,687
59,952
36,134
96,086
Chef support
Direct costs
Staff costs
Sub-total		 15,687
2,964
18,651
23,073
11,955
35,028
38,760
14,919
53,679
Other costs
Evaluation and research
Support costs
Sub-total		 18,206
6,250
24,456
119,393
13,295
132,688
137,599
19,545
157,144
Total expenditure on charitable activities 759,145
120,435
879,580

22

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

Comparative expenditure on charitable activities for the year ended 30 September 2022

Cookery class
Direct costs
Staff costs
Sub-total		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
337,389
34,263
371,652
184,738
10,163
194,901
522,127
44,426
566,553
Chef training
Direct costs
Staff costs
Sub-total		 7,330
5,624
12,954
54,839
6,003
60,842
62,169
11,627
73,796
Chef support
Direct costs
Staff costs
Sub-total		 677
11,623
12,300
28,213
0
28,213
28,890
11,623
40,513
Other costs
Evaluation and research
Support costs		 17,280
0
17,280
124,374
15,190
139,564
Sub-total 141,654
15,190
156,844
Total expenditure on charitable activities 754,840
82,866
837,706

23

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

4. Support costs

4. Support costs 4. Support costs 4. Support costs
2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
Staff costs
74,111
13,610
87,721
Equipment costs
537
929
1,466
Staff related costs
10,731
0
10,731
Office costs
24,951
0
24,951
Finance and audit
18,388
0
18,388
HR and recruitment
4,149
0
4,149
Total support costs
132,867
14,539
147,406
Staff costs
Equipment costs
Staff related costs
Office costs
Finance and audit
HR and recruitment
Total support costs		 2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
74,111
13,610
87,721
537
929
1,466
10,731
0
10,731
24,951
0
24,951
18,388
0
18,388
4,149
0
4,149
132,867
14,539
147,406

Comparative support costs for the year ended 30 September 2022

2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
Staff costs
79,266
17,292
96,558
Equipment costs
1,930
0
1,930
Staff related costs
12,860
78
12,938
Office costs
23,056
0
23,056
Finance and audit
16,943
0
16,943
HR and recruitment
9,612
0
9,612
Total support costs
143,667
17,370
161,037		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
Staff costs
79,266
17,292
96,558
Equipment costs
1,930
0
1,930
Staff related costs
12,860
78
12,938
Office costs
23,056
0
23,056
Finance and audit
16,943
0
16,943
HR and recruitment
9,612
0
9,612
Total support costs
143,667
17,370
161,037		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
Staff costs
79,266
17,292
96,558
Equipment costs
1,930
0
1,930
Staff related costs
12,860
78
12,938
Office costs
23,056
0
23,056
Finance and audit
16,943
0
16,943
HR and recruitment
9,612
0
9,612
Total support costs
143,667
17,370
161,037
Staff costs
Equipment costs
Staff related costs
Office costs
Finance and audit
HR and recruitment
Total support costs		 2022
Unrestricted
£
2022
Restricted
£
2022
Total
£
79,266
17,292
96,558
1,930
0
1,930
12,860
78
12,938
23,056
0
23,056
16,943
0
16,943
9,612
0
9,612
143,667
17,370
161,037

24

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

5. Staff costs

5. Staff costs 5. Staff costs 5. Staff costs
2023
Total
£
2022
Total
£
Salaries and wages
391,092
383,485
Social security
31,240
30,268
Pension costs
7,792
7,576
Staff costs
430,124
421,329
Salaries and wages
Social security
Pension costs
Staff costs		 2023
Total
£
2022
Total
£
391,092
383,485
31,240
30,268
7,792
7,576
430,124
421,329

No employees earned over £60,000 per year during the period (2022/23: no employees).

Key management personnel: Total employee benefits (including employers' NI and pension contribution) of the CEO and interim CEO were £64,052 (2021/22: CEO £51,466).

Migrateful employed an average of 15.3 employees (13.1 full-time equivalent) during the period (2021/22: average of 15.9 (13.7 full-time equivalent).

6. Trustees’ remuneration, benefits and expenses

During the financial year, no trustee incurred expenses on behalf of the charity. (2021/22: one trustee incurred expenses of £896 on behalf of the charity, with no balance outstanding on 30th September 2022).

7. Related party transactions

There were no related party transactions during the period. (2021/22: other than the amounts outlined above, there were no other related party transactions during the period).

8. Independent examination fees

The independent examiner will receive £1,350+VAT in relation to conducting the independent examination (2021/22: £1,250+VAT). No other fees were paid to the independent examiner.

25

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

9. Tangible fixed assets

9. Tangible fixed assets 9. Tangible fixed assets 9. Tangible fixed assets
Leasehold
Improvements
£
Fixtures &
fittings
£
Total
£
Valuation:
At 1 October 2022
142,303
6,666
148,969
Additions
-
3,895
3,895
At 30 September 2023
142,303
10,561
152,864
Depreciation:
At 1 October 2022
28,461
1,333
29,794
Depreciation charge
28,461
2,112
30,573
At 30 September 2023
56,922
3,445
60,367
Net Book Value:
2023
85,381
7,116
92,497
2022
113,842
5,333
119,175
Valuation:
At 1 October 2022
Additions
At 30 September 2023
Depreciation:
At 1 October 2022
Depreciation charge
At 30 September 2023
Net Book Value:
2023
2022		 Leasehold
Improvements
£
Fixtures &
fittings
£
Total
£
142,303
6,666
148,969
-
3,895
3,895
142,303
10,561
152,864
28,461
1,333
29,794
28,461
2,112
30,573
56,922
3,445
60,367
85,381
7,116
92,497
113,842
5,333
119,175

10. Intangible fixed assets

10. Intangible fixed assets 10. Intangible fixed assets 10. Intangible fixed assets
Valuation:
Rebranding
£
Total
£
At 1 October 2022
-
-
Additions
2,562
2,262
At 30 September 2023
2,562
2,562
Amortisation
At 1 October 2022
-
-
Charge in the year
-
-
At 30 September 2023
-
-
Net Book Value:
2023
2,562
2,562
2022
-
-
Valuation:
At 1 October 2022
Additions
At 30 September 2023
Amortisation
At 1 October 2022
Charge in the year
At 30 September 2023
Net Book Value:
2023
2022		 Rebranding
£
Total
£
-
-
2,562
2,262
2,562
2,562
-
-
-
-
-
-
2,562
2,562
-
-

26

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

11. Debtors

11. Debtors 11. Debtors 11. Debtors
2023
Total
£
2022
Total
£
Trade debtors
28,341
6,948
Prepayments and accrued income
128,781
24,279
Other debtors
750
-
Total
154,872
31,227
Trade debtors
Prepayments and accrued income
Other debtors
Total		 2023
Total
£
2022
Total
£
28,341
6,948
128,781
24,279
750
-
154,872
31,227

12. Creditors: amounts falling due within one year

12. Creditors: amounts falling due within one year 12. Creditors: amounts falling due within one year 12. Creditors: amounts falling due within one year
2023
Total
£
2022
Total
£
Trade creditors
9,738
8,653
Accruals
9,239
6,805
Deferred income
261,473
327,851
Other taxes and Social Security
-
-
Other creditors
11,440
-
Total
291,890
343,309
Trade creditors
Accruals
Deferred income
Other taxes and Social Security
Other creditors
Total		 2023
Total
£
2022
Total
£
9,738
8,653
9,239
6,805
261,473
327,851
-
-
11,440
-
291,890
343,309
Movements in Deferred Income
2023
Total
£
2022
Total
£
At 1 October
327,851
245,933
Applied during the year
122,420
227,442
Released during the year
(188,798)
(145,524)
Deferred income at 30 September
261,473
327,851		 Movements in Deferred Income
2023
Total
£
2022
Total
£
At 1 October
327,851
245,933
Applied during the year
122,420
227,442
Released during the year
(188,798)
(145,524)
Deferred income at 30 September
261,473
327,851		 Movements in Deferred Income
2023
Total
£
2022
Total
£
At 1 October
327,851
245,933
Applied during the year
122,420
227,442
Released during the year
(188,798)
(145,524)
Deferred income at 30 September
261,473
327,851
Movements in Deferred Income
At 1 October
Applied during the year
Released during the year
Deferred income at 30 September		 2023
Total
£
2022
Total
£
327,851
245,933
122,420
227,442
(188,798)
(145,524)
261,473
327,851

Deferred income primarily comprises unredeemed gift vouchers which were sold prior to 30 September 2023. Migrateful cancelled gift vouchers over two years old, this contributed income of £112,117 (2021/22: £85,696) and is included in Other Income.

27

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

13. Analysis of movement in funds

During the year Migrateful received restricted grants and donations totalling £36,464 (2021/22: £137,131).

Grant maker Purpose 2023
£
School for Social Entrepreneurs Marketing Costs 16,000
UBS Cost of Living Fund 10,000
Westkin Associates Chef Training 4,500
Souter Trust Chef Training 3,000
The Heinz, Anna & Carol Kroch Foundation
Chef Solidarity Fund		 2,601
Local Giving Chef Solidarity Fund 363

Comparative 2021/22: During the previous financial year Migrateful restricted grants and donations totalling £137,131 (net of one grant refund of £1,950) as outlined below:

Grant maker Purpose 2022
£
Crucible Foundation Brighton development & staff costs 50,000
Migration Foundation Core costs 20,000
The Nisbet Trust Bristol manager staff costs 20,000
Westkin Associates Chef training 13,500
Colyer Foundation Kent replication 13,000
The National Lottery Community Fund Chef training 9,940
National Philanthropic Trust Research costs 6,250
Solidarity Fund fundraising Chef solidarity fund 4,503
Metropolitan Public Gardens Cookery school landscaping 1,300
Local Giving Chef solidarity fund 588
Zero Emissions Network E-Cargo bike – refund (1,950)

28

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

The movement in restricted funds during the year and fund balances at the end of the year are outlined below:

Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
Cookery School
67,573
-
16,893
50,680
Crucible Foundation
50,000
-
23,786
26,214
Nisbet Trust
20,000
-
20,000
-
Migration Foundation
10,000
-
10,000
-
National Lottery Community Fund
9,940
-
9,940
-
National Philanthropic Trust
6,250
-
6,250
-
Westkin Associates
1,073
4,500
5,573
-
Metropolitan Public Gardens
839
-
839
-
School for Social Entrepreneurs
16,000
13,334
2,666
UBS
10,000
10,000
-
Souter Trust
3,000
3,000
-
The Heinz, Anna & Carol Kroch
Foundation
2,601
2,601
-
Local Giving
363
363
-
Total
165,675
36,464
122,579
79,560		 Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
Cookery School
67,573
-
16,893
50,680
Crucible Foundation
50,000
-
23,786
26,214
Nisbet Trust
20,000
-
20,000
-
Migration Foundation
10,000
-
10,000
-
National Lottery Community Fund
9,940
-
9,940
-
National Philanthropic Trust
6,250
-
6,250
-
Westkin Associates
1,073
4,500
5,573
-
Metropolitan Public Gardens
839
-
839
-
School for Social Entrepreneurs
16,000
13,334
2,666
UBS
10,000
10,000
-
Souter Trust
3,000
3,000
-
The Heinz, Anna & Carol Kroch
Foundation
2,601
2,601
-
Local Giving
363
363
-
Total
165,675
36,464
122,579
79,560		 Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
Cookery School
67,573
-
16,893
50,680
Crucible Foundation
50,000
-
23,786
26,214
Nisbet Trust
20,000
-
20,000
-
Migration Foundation
10,000
-
10,000
-
National Lottery Community Fund
9,940
-
9,940
-
National Philanthropic Trust
6,250
-
6,250
-
Westkin Associates
1,073
4,500
5,573
-
Metropolitan Public Gardens
839
-
839
-
School for Social Entrepreneurs
16,000
13,334
2,666
UBS
10,000
10,000
-
Souter Trust
3,000
3,000
-
The Heinz, Anna & Carol Kroch
Foundation
2,601
2,601
-
Local Giving
363
363
-
Total
165,675
36,464
122,579
79,560
Cookery School
Crucible Foundation
Nisbet Trust
Migration Foundation
National Lottery Community Fund
National Philanthropic Trust
Westkin Associates
Metropolitan Public Gardens
School for Social Entrepreneurs
UBS
Souter Trust
The Heinz, Anna & Carol Kroch
Foundation
Local Giving
Total		 Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
67,573
-
16,893
50,680
50,000
-
23,786
26,214
20,000
-
20,000
-
10,000
-
10,000
-
9,940
-
9,940
-
6,250
-
6,250
-
1,073
4,500
5,573
-
839
-
839
-
16,000
13,334
2,666
10,000
10,000
-
3,000
3,000
-
2,601
2,601
-
363
363
-
165,675
36,464
122,579
79,560

29

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

Comparative 2021/22: The movement in restricted funds during the previous financial period and fund balances at the end of the period are outlined below:

Balance at
1 Oct 2021
£
Income
£
Expenditure
£
Balance at
30 Sep 2022
£
Cookery School crowdfunder
84,467
-
16,894
67,573
Garfield Weston Foundation
18,333
-
18,333
-
John James Bristol Foundation
7,000
-
7,000
-
Solidarity Fund fundraising
3,847
4,503
8,350
-
Hilden Charitable Fund
2,686
-
2,686
-
Zero Emissions Network
1,950
(1,950)
-
-
UBS
965
-
965
-
Crucible Foundation
-
50,000
-
50,000
Migration Foundation
-
20,000
10,000
10,000
Nisbet Trust
-
20,000
-
20,000
Westkin Associates
-
13,500
12,427
1,073
Colyer Foundation
-
13,000
13,000
-
The National Lottery Community
Fund
-
9,940
-
9,940
National Philanthropic Trust
-
6,250
-
6,250
Metropolitan Public Gardens
-
1,300
461
839
Local Giving
-
588
588
-
Total
119,248
137,131
90,704
165,675		 Balance at
1 Oct 2021
£
Income
£
Expenditure
£
Balance at
30 Sep 2022
£
Cookery School crowdfunder
84,467
-
16,894
67,573
Garfield Weston Foundation
18,333
-
18,333
-
John James Bristol Foundation
7,000
-
7,000
-
Solidarity Fund fundraising
3,847
4,503
8,350
-
Hilden Charitable Fund
2,686
-
2,686
-
Zero Emissions Network
1,950
(1,950)
-
-
UBS
965
-
965
-
Crucible Foundation
-
50,000
-
50,000
Migration Foundation
-
20,000
10,000
10,000
Nisbet Trust
-
20,000
-
20,000
Westkin Associates
-
13,500
12,427
1,073
Colyer Foundation
-
13,000
13,000
-
The National Lottery Community
Fund
-
9,940
-
9,940
National Philanthropic Trust
-
6,250
-
6,250
Metropolitan Public Gardens
-
1,300
461
839
Local Giving
-
588
588
-
Total
119,248
137,131
90,704
165,675		 Balance at
1 Oct 2021
£
Income
£
Expenditure
£
Balance at
30 Sep 2022
£
Cookery School crowdfunder
84,467
-
16,894
67,573
Garfield Weston Foundation
18,333
-
18,333
-
John James Bristol Foundation
7,000
-
7,000
-
Solidarity Fund fundraising
3,847
4,503
8,350
-
Hilden Charitable Fund
2,686
-
2,686
-
Zero Emissions Network
1,950
(1,950)
-
-
UBS
965
-
965
-
Crucible Foundation
-
50,000
-
50,000
Migration Foundation
-
20,000
10,000
10,000
Nisbet Trust
-
20,000
-
20,000
Westkin Associates
-
13,500
12,427
1,073
Colyer Foundation
-
13,000
13,000
-
The National Lottery Community
Fund
-
9,940
-
9,940
National Philanthropic Trust
-
6,250
-
6,250
Metropolitan Public Gardens
-
1,300
461
839
Local Giving
-
588
588
-
Total
119,248
137,131
90,704
165,675
Cookery School crowdfunder
Garfield Weston Foundation
John James Bristol Foundation
Solidarity Fund fundraising
Hilden Charitable Fund
Zero Emissions Network
UBS
Crucible Foundation
Migration Foundation
Nisbet Trust
Westkin Associates
Colyer Foundation
The National Lottery Community
Fund
National Philanthropic Trust
Metropolitan Public Gardens
Local Giving
Total		 Balance at
1 Oct 2021
£
Income
£
Expenditure
£
Balance at
30 Sep 2022
£
84,467
-
16,894
67,573
18,333
-
18,333
-
7,000
-
7,000
-
3,847
4,503
8,350
-
2,686
-
2,686
-
1,950
(1,950)
-
-
965
-
965
-
-
50,000
-
50,000
-
20,000
10,000
10,000
-
20,000
-
20,000
-
13,500
12,427
1,073
-
13,000
13,000
-
-
9,940
-
9,940
-
6,250
-
6,250
-
1,300
461
839
-
588
588
-
119,248
137,131
90,704
165,675

30

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

The movement in designated funds during the year and fund balances at the end of the year are outlined below:

Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
Cookery School
51,601
-
12,900
38,701
Total
51,601
-
12,900
38,701		 Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
Cookery School
51,601
-
12,900
38,701
Total
51,601
-
12,900
38,701		 Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
Cookery School
51,601
-
12,900
38,701
Total
51,601
-
12,900
38,701
Cookery School
Total		 Balance at
1 Oct 2022
£
Income
£
Expenditure
£
Balance at
30 Sep 2023
£
51,601
-
12,900
38,701
51,601
-
12,900
38,701

Migrateful designated one amount on 30th September 2023: £38,701 (2021/22: £51,601) in relation to the unrestricted net book value of the Cookery School fixed asset balance. This balance will be depreciated to zero over the next three years.

Comparative 2021/22: The movement in designated funds during the previous financial period and fund balances at the end of the period are outlined below:

Comparative 2021/22: The movement in designated funds during the previous financial
period and fund balances at the end of the period are outlined below:		 Comparative 2021/22: The movement in designated funds during the previous financial
period and fund balances at the end of the period are outlined below:
Cookery School Balance at
1 Oct 2021
£
Income
£
Expenditure
£
Balance at
30 Sep 2022
£
82,772
-
31,171
51,601
93,389
-
93,389
-
Bruno Schroder Trust
Total 176,161
-
124,560
51,601

14.Analysis of net assets between funds 30 September 2023

14. Analysis of net assets between funds 30 September 2023 14. Analysis of net assets between funds 30 September 2023 14. Analysis of net assets between funds 30 September 2023
Restricted
Unrestricted
Total
£
Designated
£
General
£
2023
£
Tangible Fixed Assets
50,680
38,701
3,116
92,497
Intangible Fixed Assets
-
-
2,562
2,562
Current assets
28,880
-
716,992
745,872
Creditors: amounts falling due within
1 year
(291,890)
(291,890)
Total
79,560
38,701
430,780
549,041
Tangible Fixed Assets
Intangible Fixed Assets
Current assets
Creditors: amounts falling due within
1 year
Total		 Restricted
Unrestricted
Total
£
Designated
£
General
£
2023
£
50,680
38,701
3,116
92,497
-
-
2,562
2,562
28,880
-
716,992
745,872
(291,890)
(291,890)
79,560
38,701
430,780
549,041

31

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

Comparative 2021/22: Analysis of net assets between funds at 30 September 2022

Restricted
Unrestricted
Total
£
Designated
£
General
£
2022
£
Tangible Fixed Assets
67,574
51,601
-
119,175
Current assets
98,101
-
656,734
754,835
Creditors: amounts falling due within 1
year
-
-
(343,309)
(343,309)
Total
165,675
51,601
313,425
530,701		 Restricted
Unrestricted
Total
£
Designated
£
General
£
2022
£
Tangible Fixed Assets
67,574
51,601
-
119,175
Current assets
98,101
-
656,734
754,835
Creditors: amounts falling due within 1
year
-
-
(343,309)
(343,309)
Total
165,675
51,601
313,425
530,701		 Restricted
Unrestricted
Total
£
Designated
£
General
£
2022
£
Tangible Fixed Assets
67,574
51,601
-
119,175
Current assets
98,101
-
656,734
754,835
Creditors: amounts falling due within 1
year
-
-
(343,309)
(343,309)
Total
165,675
51,601
313,425
530,701
Tangible Fixed Assets
Current assets
Creditors: amounts falling due within 1
year
Total		 Restricted
Unrestricted
Total
£
Designated
£
General
£
2022
£
67,574
51,601
-
119,175
98,101
-
656,734
754,835
-
-
(343,309)
(343,309)
165,675
51,601
313,425
530,701

15. Comparative Statement of Financial Activity for the year ended 30 September 2022

All figures £
2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
Income from:
Grants
197,500
132,040
329,540
Donations
23,678
5,091
28,769
Charitable activities:
Cookery classes & catering
523,406
-
523,406
Investment income – bank interest
2,215
-
2,215
Other income
109,076
-
109,076
Total Income
855,875
137,131
993,006
Expenditure on:
Raising funds
54,450
7,838
62,288
Charitable activities
754,840
82,866
837,706
Total Expenditure
809,290
90,704
899,994
Net movement in funds
46,585
46,427
93,012
Reconciliation of funds
Total funds brought forward
318,441
119,248
437,689		 All figures £
2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
Income from:
Grants
197,500
132,040
329,540
Donations
23,678
5,091
28,769
Charitable activities:
Cookery classes & catering
523,406
-
523,406
Investment income – bank interest
2,215
-
2,215
Other income
109,076
-
109,076
Total Income
855,875
137,131
993,006
Expenditure on:
Raising funds
54,450
7,838
62,288
Charitable activities
754,840
82,866
837,706
Total Expenditure
809,290
90,704
899,994
Net movement in funds
46,585
46,427
93,012
Reconciliation of funds
Total funds brought forward
318,441
119,248
437,689		 All figures £
2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
Income from:
Grants
197,500
132,040
329,540
Donations
23,678
5,091
28,769
Charitable activities:
Cookery classes & catering
523,406
-
523,406
Investment income – bank interest
2,215
-
2,215
Other income
109,076
-
109,076
Total Income
855,875
137,131
993,006
Expenditure on:
Raising funds
54,450
7,838
62,288
Charitable activities
754,840
82,866
837,706
Total Expenditure
809,290
90,704
899,994
Net movement in funds
46,585
46,427
93,012
Reconciliation of funds
Total funds brought forward
318,441
119,248
437,689
All figures £
Income from:
Grants
Donations
Charitable activities:
Cookery classes & catering
Investment income – bank interest
Other income
Total Income
Expenditure on:
Raising funds
Charitable activities
Total Expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward		 2022
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
197,500
132,040
329,540
23,678
5,091
28,769
523,406
-
523,406
2,215
-
2,215
109,076
-
109,076
855,875
137,131
993,006
54,450
7,838
62,288
754,840
82,866
837,706
809,290
90,704
899,994
46,585
46,427
93,012
318,441
119,248
437,689

32

MIGRATEFUL

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30th SEPTEMBER 2023

Total funds carried forward 365,026 165,675 530,701

33