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2022-12-31-accounts

COMPANY REGISTRATION NUMBER: 12140175 CHARITY REGISTRATION NUMBER: 1188418

MENUCHA LTD

Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2022

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

TABLE OF CONTENTS

Page
Company information 3
Trustees’ annual report (for company law purposes the directors’ report) 4-6
Independent examiner’s report to the trustees 7
Statement of comprehensive financial activities 8
Statement of financial position 9
Notes to the financial statements 10-15

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 COMPANY INFORMATION

Name: Menucha Ltd Charity Registration number: 1188418 Company registration number: 12140175 Registered office: 32 Hamilton Road London NW11 9EJ Trustees: Miriam Naomi Ollech Alexis Jacques Dwek Leah Aliza Sanger Chair of Trustees: Miriam Naomi Ollech Directors: For company law purposes the Trustees are also the Company directors. Independent Examiner: Shaya Grosskopf FCA 1g Accountants Chartered Accountants 71 Cheyne Walk London NW4 3QU

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

TRUSTEES’ ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT)

The trustees, who are also the directors for the purposes of the Companies Act 2006, present their report and the unaudited financial statements of the charity for the period ended 31 December 2022.

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) (effective 1 January 2015).

TRUSTEES

During the year and up to the date of signing of this report the following individuals served as trustees of the Charity: -

Leah Aliza Sanger Miriam Ollech Alexis Jacques Dwek

OBJECTIVES AND ACTIVITIES

The principal activities of the Charity are to provide advice and support to empower women experiencing perinatal mood disorders to understand this issue. The Charity’s goal is to alleviate the severity of Perinatal mood disorders by ensuring every woman can access help quickly and efficiently and feel confident in doing so.

The trustees have had regard to Charity Commission guidance on public benefit in commissioning its activities.

PUBLIC BENEFIT

The trustees have given careful consideration to the Charity Commission's guidance on public benefit when setting the aims and objectives of the Charity. In particular, the Trustees consider how planned activities will contribute to the aims and objectives of the Charity.

CHARITABLE ACTIVITIES

In February 2022 we entered our second year of the Menucha service. We welcomed a new secretary to help us manage our administrative work that has increased due to our rapid growth. We also introduced a new therapy to our list of specialist modalities. Birth Trauma Resolution is a powerful technique which helps mitigate the symptoms of PTSD, help women to process their traumatic pregnancy or birth and move forward with their lives. This was very exciting as the methods used are quick and effective and the average duration of treatment is five weeks.

In March 2022 we employed a new case manager to help with our increasing caseload. At this point we had assisted 140 callers to our information and referral line.

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

TRUSTEES’ ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) continued

By May, Menucha had facilitated over 1,700 therapy hours and we celebrated with a feel-good event for the community. The event had a dual purpose: to raise awareness of the charity Menucha and to normalise the conversation about our work and women struggling to help lessen the stigma in the community; and to raise funds.

In June and July, we noticed a sharp increase of referrals from statutory services and began thinking of our women's health event that would bring more awareness of statutory services to the community.

By September 2022, 209 families had been supported by Menucha. Our data of our first 18 months proved how effective our therapy model was proving to be, with women attending therapy for an average of 4.5 months.

In October our National Lottery Community Grant application was finally accepted. This happened at the perfect time as demand for Menucha's services meant we had to take on a new case manager. The grant money enables us to restructure our clinical team, notably by increasing our case manager’s and psychologist’s hours. We continued to work on our fundraising strategy, meeting regularly to discuss predictable income streams that matched the increasing demands of subsidies requested for therapy., Unfortunately there is a clear link between one's socio-economic stress and perinatal mood disorders, especially stress and therefore we anticipated a further increase in numbers. This proved true as over the next few months 90 % of our clients were requesting subsidies. Our therapy team attended a training on fathers in the perinatal period, in preparation of our expansion to provide therapy for dads in the future.

In November we held our ‘Big Talk’, whose objective was to raise awareness of Menucha’s work and perinatal mood disorders (PMDs) whilst building trust between our community and statuary services. It was a huge success with over 450 women attending as well as representatives from Barnet council and the NHS. We successfully broached topics that were still somewhat taboo in the Charedi Jewish community by providing a safe and appropriate platform for these topics to be addressed. The feedback was overwhelmingly positive so in December we began brainstorming on Small Talks, where topics that the attendees of the Big Talk wanted more information on can be addressed. We also worked on restructuring our clinical team in preparation for an even better service in 2023.

We finished 2022 having supported 256 families, having provided in house therapy to 105 women. During the year we worked hard on our fundraising initiatives. We also continued attending NHS SPMHS (Specialist Perinatal Mental Health Services) meeting monthly and cultivating our relationship with other community maternity services.

PLANS FOR FUTURE PERIODS

The advertising campaign will continue as it has proven to be highly successful. We are working on adopting our adverts and awareness to target more community members via different means. One way we aim to do this is through our Small Talk series which were born from the positive feedback from our Big Talks. We will be working with various organisations, including NHS personnel to discuss topics which are currently not given a platform in our community and we have identified as having a profound effect on women’s wellbeing in the pre and postnatal periods. We will also be launching our podcast series where we delve into even more details on perinatal mood disorders and women’s wellbeing during pregnancy and birth.

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

TRUSTEES’ ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) continued

We are still moving towards expanding to a family service. We would like to start with supporting fathers through a therapist on our helpline and aim to collect data of the needs of fathers in our Charedi community through this platform. We will then build a model for fathers around this information.

We continue working hard on our fundraising streams. This year we are focusing on grants and family trusts and foundations whilst building and cultivating relationship with individual donors.

This past year 19% of calls we received were from areas outside Greater London but within the UK. We are looking at ways to create small funds from these areas to be able to support the women who require subsidies.

FINANCIAL REVIEW

The Charity’s income for the year amounted to £170,450 (2021: £145,691). Expenditure was £227,157 (2021: £137,972). The resulting net deficit was £56,707 (2021 surplus: £7,719).

RESERVES POLICY

It is the policy of the trustees to seek to maintain funds which are the reserves of the Charity at a level sufficient to cover management, administration and support costs, subject to constraints arising from the diminishing financial and other resources available.

The trustees have established the level of unrestricted current net assets that the Charity ought to have. Reserves are needed to bridge the funding gap between spending on activities and receiving resources through voluntary income. The trustees consider that the ideal level of unrestricted reserves as at 31 December 2022 would be three months of resources expended which equates to £57,000. At 31 December 2022 the Charity had deficit reserves of £7,810 (2021: £48,897 surplus reserves) which does not meet our target reserves. The Trustees are conscious of the need to further expand the Charity’s fundraising, in order to secure the activities of the Charity, and are actively pursuing sources of funding in order to ensure that there are sufficient reserves to provide for future financial stability and flexibility to fund charitable activities. They have also addressed cost saving opportunities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The company was established under a Memorandum of Association and is governed under the Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The Trustees are responsible for the overall governance and stewardship of the Charity. The Trustees employ two Clinical Directors responsible for day to day clinical management and leadership.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' annual report was approved on 20 July 2023 and signed on behalf of the board of trustees by:

Leah Aliza Sanger

Trustee

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the financial statements of Menucha Ltd (‘the Charity’ and for company law purposes, ‘the Company’) for the period ended 31 December 2022..

Responsibilities and basis of my report

As the Charity’s trustees (who are also directors of the Company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention which give me reason to be believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

1g Accountants Chartered Accountants 71 Cheyne Walk London NW4 3QU

20 July 2023

7

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 STATEMENT OF COMPREHENSIVE FINANCIAL ACTIVITIES

Note
Income
Charitable activities
Donations
Grants
Total income
4
Expenditure
Expenditure on charitable activities
Costs of raising funds
Expenditure on governance costs
Finance costs
Total expenditure
5
Total comprehensive (deficit )/ surplus
for the year and movement in funds
Funds brought forwards
Total funds carried forwards		 2022
Restricted
£
-
-
118,310
118,310
118,310
-
-
-
118,310
-
-
-		 2022
Unrestricted
£
30,477
21,663
-
52,140
36,194
69,499
3,125
29
108,847
(56,707)
48,897
(7,810)		 2022
Total
£
30,477
21,663
118,310
170,450
154,504
69,499
3,125
29
227,157
(56,707)
48,897
(7,810)		 2021
Total
funds
£
8,680
67,010
70,001
145,691
132,399
3,420
2,147
6
137,972
7,719
41,178
48,897

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

8

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 STATEMENT OF FINANCIAL POSITION

Note
Current assets
Debtors
8
Cash at bank and in hand
Total current assets
Creditors: amounts falling due with one year
9
Net current assets / (liabilities)
Total assets less current liabilities
Net assets
Funds of the charity
(Deficit) / surplus of unrestricted funds
Total charity (deficit) / surplus funds
10		 2022
£
1,300
6,494
7,794
(15,604)
(7,810)
(7,810)
(7,810)
(7,810)
(7,810)		 2021
£
505
50,350
50,855
(1,958)
47,856
47,856
47,856
48,897
48,897

For the period ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No member has required the Company to obtain an audit for its financial statements for the year in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of trustees and authorised for issue on 20 July 2023 and are signed on behalf of the board by:

Leah Aliza Sanger

Director and Trustee

Company registration number: 12140175

The notes on the succeeding pages from part of these financial statements.

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS

1. General Information

The Charity is a registered charity and a private company limited by guarantee, registered in England and Wales. The registered address is 32 Hamilton Road, London, NW11 9EJ. The liability of the members in the event of the charity being liquidated is limited to £1 each.

2.

Statement of compliance

The financial statements have been prepared in compliance with FRS102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102) and the Companies Act 2006.

3.

Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in pound sterling, which is the functional currency of the Charity.

Going concern

As at 31 December 2022, the charity has a deficit of liabilities compared to assets. The trustees have nevertheless elected to prepare the financial statements on the going concern basis as the charity has secured funding sources after the year end sufficient to enable it to meet its liabilities.

Disclosure exemption

The Charity qualifies for and has taken advantage of the exemption available under paragraph 1.12 of FRS102 from presenting a cash flow statement.

Key judgements and estimates

In the opinion of the Trustees there were no significant areas of judgement or estimate engaged when preparing the financial statements.

Fund accounting

The charity’s assets are split between unrestricted funds, which are available for use at the trustee’s discretion in furtherance of the Charity’s objectives, and restricted funds, which are subject to specified conditions by donors as to how they may be used. Further details on the Charity’s restricted fund are presented in note 12 to the financial statements.

10

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (continued)

Incoming resources

Incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that economic benefits will pass to the charity; and that benefit can be reliably quantified. The following specific policies are applied to specific categories of income: -

Resources expended

Expenditure is recognised on an accrual basis when incurred and is inclusive of value added tax.

Financial instruments

Basic financial instruments, being most current assets and liabilities, are measured at the cash or other consideration expected to be paid or received. Financing transactions are measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

11

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (continued)

4. Income

Income from charitable activities
Therapy contributions receivable
Event Income
Total income from charitable
activities
Donations
Donations from individuals
Grants received
Grants
Total income received		 2022
Restricted
-
-
-
-
118,310
118,310		 2022
Unrestricted
£
10,029
20,448
30,477
21,663
-
52,140		 2022
Total
£
10,029
20,448
30,477
21,663
118,310
170,450		 2021
Total
£
8,680
-
8,680
67,010
70,001
145,691

12

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

5. Expenses

xpenses
Expenditure on charitable activities
Therapy costs
Training
Awareness advertising and events
Research
Staff costs
Insurance
Helpline and telephony
Total expenditure on charitable
Costs of raising funds
Consultancy
Fundraising events costs
Total costs of raising funds
Governance costs
Accountancy and independent
examination fees
General costs
Legal and professional services
Total expenditure on governance
Finance costs
Interest payable and total finance cost
Total expenditure		 2022
Restricted
funds
£
77,273
-
-
-
41,037
-
-
118,310

-
-
-

-
- `
-
-

-
118,310		 2022
Unrestricted
funds
£
-
3,807
-
-
27,181
2,318
2,888
36,194
12,091
57,408
69,499
1,768

1,357
-
3,125
29
108,847		 2022
Total
funds
£
77,273
3,807
-
-
68,218
2,318
2,888
154,504

12,091
57,408
69,499

1,768
1,357
-
3,125

29
227,157		 2021
Total
funds
£
73,919
1,000
9,557
6,211
36,859
2,225
3,669
132,399
-
3,420
3,420
475
791
881
2,147
6
137,972

13

MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

6. Staff costs

The average number of staff employed by the Charity during the year was 5 (2021: 2)

7. Net surplus

Net surplus is stated after charging:

Fees payable for the independent
examination of the financial
statements
8.
Debtors
Accounts receivable
Other debtors
9.
Creditors: amounts falling due with one year
Trade creditors
Social security and employment taxes
Accruals
Other Creditors		 2022
£
1,768
2022
£
1,300
-
1,300
2022
£
145
1,929
4,430
9,100
15,604		 2021
£
475
2021
£
405
100
505
2021
£
60
1,423
475
-
1,958

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MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (continued)

10. Transactions with trustees and related parties

No trustee drew remuneration or expenses in the current or prior reporting period.

Alexis Jacques Dwek’s spouse was remunerated for therapy services delivered during the year. In the opinion of the Trustees, the rate agreed was below the market rate for a person of similar experience and qualifications, and the arrangement was approved by the other independent trustees as being in the best interests of the Charity.

A loan of £5,000 advanced by Alexis Jacques Dwek to the charity was repaid in full during the year.

Included in other creditors is an amount of £5,100 (2021: £nil) owed by the Charity to Leah Aliza Sanger, which was repayable upon demand and interest free.

Included in other creditors is an amount of £4,000 (2021: £nil) owed by the Charity to Allcet Limited, a company connected to the Charity by virtue of Leah Aliza Sanger’s directorship and her spouse’s shareholding. The loan is interest free and repayable upon demand.

11. Independent examiner’s fee

The independent examiner was remunerated as follows

Independent examination of the financial statements
Corporation tax and gift aid services		 2022
£
840
928
1,768		 2021
£
475
-
475

15