COMPANY REGISTRATION NUMBER: 12140175 CHARITY REGISTRATION NUMBER: 1188418 ## **MENUCHA LTD** # Company Limited by Guarantee **UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023** ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023** ## **TABLE OF CONTENTS** ||**Page**| |---|---| |Company information|3| |Trustees’ annual report (for company law purposes the directors’ report)|4-7| |Independent examiner’s report to the trustees|8| |Statement of comprehensive financial activities|9| |Statement of financial position|10| |Notes to the financial statements|11-16| 2 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 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 Churchill House 137-139 Brent Street London NW4 4DJ 3 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023** ## **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 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) (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 the past year, Menucha has experienced significant engagement and impact, reflecting our commitment to supporting women navigating perinatal mood disorders. As we reflect on these accomplishments, Menucha remains committed to refining our services, ensuring accessibility, and continuing to make a meaningful difference in the lives of women facing perinatal challenges. We appreciate the ongoing support of our community and supporters as we strive to create a more supportive and understanding environment for all. ## Information & Referral Line In the current year, the Menucha Information & Referral Line received a total of 180 calls. This marks a notable increase from the 2022 total of 148 calls. 50% of calls resulted in the caller joining the Menucha programme, 41% of callers were supported by the case managers and did not need to see a Menucha therapist. 9% of calls were from other charities or organisations looking to see if the woman they are supporting would be a good fit for the Menucha programme. With over 45% of calls for help and support coming through our information and referral line we are actively considering a restructuring initiative. This involves a potential transitioning the line from being a volunteer-centric model to one facilitated by Menucha staff, a strategic move aimed at fortifying the structure and reliability of our time slots .Menucha takes pride in achieving a swift turnaround for most client call-backs, 4 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 TRUSTEES’ ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) continued** with crucial initial steps in implementing care occurring 69% within 24 hours. This represents a significant improvement from the preceding year, where the average call-back times extended to two days. ## Menucha Therapy Programme A total of 80 women actively engaged in the Menucha Therapy Programme, meaning they made use of both a specialised therapist and a dedicated case manager. This marks a significant increase from the 52 participants recorded in the previous year of 2022, highlighting the growing impact and reach of Menucha's supportive services. In the year 2023, a notable shift was observed, with 50% of callers opting to participate in the Menucha Therapy Programme, a significant increase from the 35% recorded in 2022. This positive trend is indicative of Menucha's dedicated efforts in destigmatising the discourse surrounding perinatal mental health - a result of our constant awareness, which is what many of the women are telling us. This shows a growing comfort among women to step forward and seek the assistance they need, reflecting a positive transformation in the community's perception of mental health challenges during the perinatal period. Menucha presently provides a diverse range of 6 therapeutic modalities, including Parent- Infant Psychotherapy, Birth Trauma Resolution, Internal Family Systems, Psychoanalytic, Psychodynamic, and Integrative Talking. A remarkable 85% of women connect with a Menucha therapist within just seven days of their initial contact, underscoring our commitment to swift and responsive support. For those not covered in the majority, the others commence therapy within a timeframe of 14 days. In comparison, traditional NHS IAPT services report that 75% of individuals commence treatment within six weeks of referral, as per NHS England service standard statistics. The average duration of support for women in the Menucha Programme is around 3 months, a slight decrease from the 3.5 months observed in 2022. This emphasises our ongoing dedication in maintaining Menucha as a goaloriented therapeutic service. Out of the women who sought Menucha's support during pregnancy, amounting to 56% of the total clients, 70% successfully averted the necessity for postnatal therapeutic assistance. This proactive engagement underscores the efficacy of early intervention strategies in the perinatal period. This year, 57% of our clients have required engagement with an NHS service. Not so surprisingly, 77% of these clients expressed that they would not have sought NHS assistance if not for Menucha's advocacy on their behalf. This success demonstrates our effective role in bridging the gap between the NHS and minority communities. A remarkable 96% of women accessing Menucha expressed very high satisfaction with our services. This positive feedback is a testament to the quality and impact of the support we provide. ## Community Education and Awareness In response to the community's escalating request for knowledge, Menucha has implemented various initiatives to broaden awareness and provide crucial education on perinatal mental health. - **Small Talks Events:** Menucha organised intimate gatherings, averaging 85 attendees, focusing on perinatal topics. These events provide a unique platform for nuanced discussions during panels and continued conversations afterward. - **Menucha Talks Podcast:** Our monthly podcast, Menucha Talks, addresses perinatal issues with sensitivity and professionalism, resonating with over 300 women each month. This platform fosters open conversations around perinatal mental health. 5 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2023** ## **TRUSTEES’ ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) continued** - **Magazine Distribution:** Over 250 Menucha magazines were strategically distributed to local shops and businesses serving as a vital educational tool. This initiative is especially crucial for community members without internet or social media access, ensuring they benefit from our resources. - **Weekly Adverts:** Menucha's weekly regular adverts reach nearly 6000 individuals, actively contributing to increased education on perinatal mental health. Weeks focusing on specific disorders result in an impressive 88% of calls directly related to the advertised content. - **Facing the Fear Webinar Series:** In October, following the abhorrent massacre by Hamas terrorists in Israel, Menucha observed a 45% surge in calls from affected community members, especially perinatal mothers. In response, we hosted the 'Facing the Fear' webinar, attended by nearly 200 women. Subsequently, our mindfulness series, focusing on calming nervous systems in the face of distress and antisemitism, drew an average attendance of 50 mothers, with recordings viewed over 30 times online. ## **PLANS FOR FUTURE PERIODS** Looking forward, Menucha remains steadfast in its mission to destigmatise perinatal mental health, promote awareness, and ensure that every individual, regardless of background, receives the care they deserve. We are particularly excited about the prospect of expanding our services to offer more comprehensive support to fathers, recognising the crucial role they play in the perinatal journey. ## **FINANCIAL REVIEW** The Charity’s income for the year amounted to £212,121 (2022: £170,450). Expenditure was £214,949 (2022: £227,157). The resulting net deficit was £10,638 (2022 deficit: £7,810). ## Clients’ payment towards therapy Menucha’s therapy has a standard subsidised cost of £60 a session. However, 90% of women do ask for a discount of some type and the average payment of women for therapy is £30. Menucha believes very strongly that finances should never be a barrier to getting the right help and therefore strives to ensure our clients are able to access therapy support in a dignified and respectable manner even if they are unable to financially fully contribute. ## Grants and Foundations Initially, Menucha faced challenges with grants and foundations due to a lack of a track record. However, as we approach the end of our third clinical year, we now possess valuable data demonstrating the effectiveness of our programs. This success has led to the recent awarding of several grants, solidifying Menucha's impact and credibility. While the recent success in being awarded grants is a positive development, it is important to note that the application process for grants is intricate and does not guarantee automatic acceptance. Despite our proven track record and the demonstrated effectiveness of our programs, each application undergoes rigorous evaluation, and success remains contingent on various factors. Nevertheless, our growing body of evidence and the positive impact we have had on the community, position Menucha well in the competitive grant landscape. ## Community Donations Menucha's community donations stem from two streams, each contributing significantly to our mission. On one hand, we receive smaller donations from individuals who have set up small standing orders or generously give sporadically. These contributions often symbolise a profound appreciation for the meaningful work Menucha does. 6 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023** ## **TRUSTEES’ ANNUAL REPORT (INCORPORATING DIRECTORS’ REPORT) continued** Conversely, our donations are the result of deliberate engagements with individuals who hold the capacity to make substantial contributions. Menucha actively collaborates with members of the community who possess the means to make a more significant impact. Through intimate discussions, we explore various ways in which these individuals can contribute to Menucha's initiatives, fostering a deeper connection between the organisation and its committed supporters. The combination of these two donation streams allows Menucha to continue its vital work in supporting women through the perinatal period. ## **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 2023 would be three months of resources expended which approximates £50,000. At 31 December 2023 the Charity had deficit reserves of £10,638 (2022: £7,810 deficit reserves) which does not meet target reserves. To address this in the period in between the reporting date and the date of signing this report, the Trustees have budgeted to build up reserves in the succeeding year. ## **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 2 August 2024 and signed on behalf of the board of trustees by: L A Sanger **Leah Aliza Sanger Trustee** 7 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023** ## **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 2023.. ## **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: - Accounting records were not kept in accordance with section 386 of the 2006 Act; or - The accounts do not accord with such records; or - The accounts do not comply with relevant accounting requirements under section 396 of the Company Act 2006 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; or - The accounts have not been prepared in accordance with the Charities SORP (FRS102). 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 1g Accountants Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ 2 August 2024 8 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2023 STATEMENT OF COMPREHENSIVE FINANCIAL ACTIVITIES** |||||||||| |---|---|---|---|---|---|---|---|---| ||**Note**|**2023**||**2023**||**2023**||**2022**| |||**Restricted**||**Unrestricted**||**Total**||**Total**
**funds**| |||**£**||**£**||**£**||**£**| |**Income**||||||||| |Charitable activities||-||20,341||20,341||30,477| |Donations||-||26,463||26,463||21,663| |Grants||165,300
-
**165,300**
165,300
-
-
-
**165,300**
**-**
-
**-**||-
17
**46,821**
27,244
19,347
3,022
36
**49,649**
**(2,828)**
(7,810)
**(10,638)**||165,300
17
**212,121**
192,544
19,347
3,022
36
**214,949**
**(2,828)**
(7,810)
**(10,638)**||118,310
-| |||||||||**170,450**| |||||||||154,504
69,499
3,125
29| |||||||||**227,157**| |||||||||| |||||||||**(56,707)**| |||||||||48,897| |||||||||**(7,810)**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 9 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2023 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|2023
£
852
4,808
**5,660**
(16,298)
**(10,638)**
(10,638)
**(10,638)**
(10,638)
**(10,638)**|2022
£
1,300
6,494
**7,794**
(15,604)
**(7,810)**
(7,810)
**(7,810)**
(7,810)
**(7,810)**| |---|---|---| For the period ending 31 December 2023 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 2 August 2024 and are signed on behalf of the board by: ## L A SANGER ## **Leah Aliza Sanger** ## **Director and Trustee** ## **Company registration number: 12140175** The notes on the succeeding pages from part of these financial statements. 10 **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 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 2023, the charity has a deficit of liabilities over assets. Its result for the second successive year ending 31 December 2023 and 2022 show an excess of expenditure over income. In the opinion of the Trustees there is no material uncertainty about the ability of the Charity to continue as a going concern, as grant income secured after the year end, as well as improved controls over expenditure, has enabled the Charity to secure its reserves position. ## **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. 11 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 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: - - Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and the amount can be reliably quantified. - Income from contributions from individuals is recognised when there is evidence that receipt is probable. ## **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. 12 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **4. Income** |**Income from charitable activities**
Therapy contributions receivable
Event Income
**Total income from charitable**
**activities**
**Donations from individuals and**
**total donations and legacies**
**Grants received from other**
**charities and total grants received**
**Bank interest received and total**
**investment income**
**Total income received**|**2023**
**Restricted**
-
-
-
**-**
165,300
-
**165,300**|**2023**
**Unrestricted**
**£**
13,959
6,382
20,341
26,463
-
17
**46,821**|**2023**
**Total**
**£**
13,959
6,382
20,341
26,463
165,300
17
**212,121**|**2022**
**Total**
**£**
10,029
20,448| |---|---|---|---|---| |||||30,477| |||||21,663| |||||118,310| |||||-| |||||**170,450**| 13 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **5. Expenses** |**Expenditure on charitable activities**
Therapy costs
Training
Awareness & education
Staff costs
Insurance
Helpline and telephony
Bank fees
**Total expenditure on charitable**
**activities**
**Costs of raising funds**
Consultancy
**Total costs of raising funds**
**Governance costs**
Accountancy and independent
examination fees
General costs
**Total expenditure on governance**
**costs**
**Finance costs**
**Interest payable and total finance**
**cost**
**Total expenditure**|**2023**
**Restricted**
**funds**
**£**
94,340
-
-
70,960
-
-
-
**165,300**

**-**
**-**

-
- `
**-**

-
**165,300**|**2023**
**Unrestricted**
**funds**
**£**
-
3,898
15,685
2,642
2,330
2,414
275
**27,244**
19,347
**19,347**
1,105

1,917
**3,022**
**36**
**49,649**|**2023**
**Total**
**funds**
**£**
94,340
3,898
15,685
73,602
2,330
2,414
275
**192,544**

19,347
**19,347**

1,105
1,917
**3,022**

**36**
**214,949**|**2022**
**Total**
**funds**
**£**
77,273
3,807
-
68,218
2,318
2,888| |---|---|---|---|---| |||||**154,504**| |||||12,091| |||||**69,499**| |||||1,768
1,357| |||||**3,125**| |||||| |||||**29**| |||||**227,157**| 14 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **6. Staff costs** The average number of staff employed by the Charity during the year was 4 (2022: 5). ## **7. Net surplus** Net surplus is stated after charging: |Fees payable for the independent
examination of the financial
statements
**ebtors**
Accounts receivable|**2023**
**£**
**1,105**
**2023**
**£**
**852**
**852**|2022
£
1,768
2022
**£**
1,300| |---|---|---| |||1,300| ## **8. Debtors** Accounts receivable is stated net of a provision of £326 (2022: £125) against bad debt. ## **9. Creditors: amounts falling due with one year** |Trade creditors
Social security and employment taxes
Accruals
Other Creditors|**2023**
**£**
**2,800**
**3,399**
**10,099**
**-**
**16,298**|2022
£
**145**
**1,929**
**4,430**
**9,100**| |---|---|---| |||**15,604**| 15 ## **MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 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. ## **11. Independent examiner’s fee** The independent examiner was remunerated as follows |Independent examination of the financial statements
Corporation tax and gift aid services|**2023**
**£**
**1,105**
**-**
**1,105**|2022
**£**
840
928| |---|---|---| |||1,768| 16