COMPANY REGISTRATION NUMBER.. 12140175 CHARITY REGISTRATION NUMBER- 1188418 MENUCHA LTD Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024 MENUCHA
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TABLE OF CONTENTS Page Company information Trustees, annual report (for company law purposes the directors, report) Independent examinerfs report to the trustees Statement of comprehensive financial activitie5 Statement of financial position Note5 to the financial statements io 11-16
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 COMPANY INFORMATION Name: Menucha Ltd Charity registration number.. 1188418 Company registration number.. 12140175 Registered office= 32 Hamilton Road London NWII 9EJ Trustees.. Miriam Naomi Ollech Alèxis Jatques Owek Leah Aliza San8er Chair of Trustees.. Miriam Naomi Ollech Directors.. For company law purposes ihe Trusiees are also the Companv directors. Independent Examiner: Shaya Grosskopf FCA Ig Accountants Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS. REPORT) The trustees, who are also the dirertors for the purposes of the Companies Art 2006, present their report and the unaudited financial statements of the charity for the period ended 310ecember 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151. TRUSTEES During the year and up to the date of signing of this report the following individuals served as trustees of the Charitv.. Leah Aliz3 Sanger Miriam Ollech Alexis Jaequès Dwek OBJECTIVES AND ACTIVITIES The principal activitie5 of the Charity are to provide advice and support to empower women experiencing perinatal mood disorders to understand this issue. The Charitls 8oal is to alleviate the severity of Perinatal mood disorders by ensuring every woman can access help quickly and efficiently and feel confident in doin8 SO. The trustees have had re8ard to Charity Commission 8uidance on publi¢ benefit in commissionin8 its activities. PUBLIC 8ENEFIT The trustee5 have given ¢areftJl consideration io the Charity Cornmission's 8uidan¢e on publi¢ benefit when settin8 the aims and objectives of the Charity. In particular, the Trvstees consider how planned activities will contribute to the aims and objectives of the Charity. CHARITABLE A1VITIEs Over the past year, Menucha has seen remarkable 8rowth and impart, underscorin8 our dedication to supporting women through the challenges of perinatal mood disorders. As we look back on these aehievements. we remain focused on enhancin8 our services, improvin8 accessibility, and making a lastin8 difference in the lives of women and families navigating these difficult times. We are deeply grateful for the continued backing of our community and supporters, which empowers us tts foster a morè tompassionate and supportive environment for all. Our kèy performance inditators and achievements were as follows Information & Referral Line In the current year, the Menvcha Information & Referral Line received a total of 198 ca11512023'. 180 ca1151, a 10% year on year increase. Of the calls received. 45% resulted in the caller joining the Menucha programme, while 34% were effectively 5UPPOrted by our case fflan3ger5 Wlthout the need for therapy. Another 15% of calls came from other charities and organisations seeking guidance on whether the women they support would benefit from the Menucha therapy prograrnrne. The remaining 6% were referred to organi5ations better equipped to tneet their specific needs, ensuring that every caller receives the most appropriate support.
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS, REPORTI continued Menucha takes pride in achieving a swift turnaround for most client call-backs, with crucial initial steps in implementing care occurring 69% within 24 hours. Menucha Thera Pro ramme Menucha offer5 Six 5pecialized therapeutic modalities, including P3rent-Infant Psychotherapy, Birth Trauma Resolution, Internal Family Systems. Psychoanalytic, Psychodynamic. and Integrative Talking therapies A total of 9712023.. 801 women actively engaged in the Menucha Therapy Programme, meaning they made use of both a specialised therapist and a dedicated tase manager. 85% of women begin working with a Menucha therapist within seven days of reaching out. reflecting our dedication to prompt and effective care. For the remainin8 women, therapy start5 Wlthin 14 days. In contrast, NHS IAPT services report that 75% 01 individuals begin treatment within six weeks of referral, according to NHS England's service standards. This year, 62% of our clients have required engagement with an NHS seThice. 86% of these clients stated that thev would not have sought NHS assistance il not for Menu¢ha's advocacy on their behalf. a close io IO% increase from 2023. This success demonstrates our role in bridging the gap between the NHS and minority communities. A remarkable 98% of women accessin8 Menucha expressed very high satisfaction with our services. Thi5 Posltive feedback Is a testament to the quality and Impact of the support we provide. Measurlng client 5at15faction is essential for ensurin8 the qvality and effectiveness of Menucha's services. Some of the way5 we collect this information includes.. Regular. structured check-ins with case managèrs or therapists during the theiapy process to assèss the client's satisfaction with the service. Clients ratlng how much progress they feel thewve made toward their therapy goals via thelr GBO forms with their therapist, which indirectly reflects satisfartion. Clients providing specific feedback about their relationship with their therapist, the therapy process, or overall service delivery, helping Menucha evaluate the Strenh$ and areas for imprgvement. Clients sharin8 their positive experiences anonymously as testimonials or case studies help measure satisfaction qualitativelv. By combining these methods, Menucha ensure5 a comprehensive understandin8 of client satisfaction and continually refines its services based on client feedback. Communi Education and Awareness Community Education and Awarene55 is at the heart of Menucha'5 mission. standing a5 a corneTStone nearly 35 vital as our therapy pro8ram-if not more so. Without proper education, individuals may not recognise when they need help or understand how support can transform their lives. In a community where mental health stigma still looms large, our efforts focus on breaking down barriers, normalising conversations, and providing knowledge that empowers individuals to seek assistance without fear or shame. Feedback tells us that our approach is making an impact.. the rnore our me55age reache5 the community. the more people feel comfortable stepping forward to ask for help. Through education, we are not just raisin6 awareness,. we are changing lives.
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS, REPORTI continued The Menucha Bi Talk In May. Menucha hosted its second Big Talk event. drawing over 3LK) women for a day of meaningful engagement and education. The event featured an impressive lineup of religious authorities and women's health professionals who spoke with sensitivity and care about a wide range of women's issues. Expert panels from various healthcare field5 and organiiation5 addressed an array of tOPlC5. including PCOS, Perinatal Mood Disorders, and more, answering pressing questions with expertise and empathy. Complementing the discussions. over 45 exhibitors rariging from major cofflmunal organisation5 and healthcare providers to 5ta115 showcasing jewellery, baby accessories, and other lifestyle produrts offered attendees both valuable resources and a warm, invitin8 atmosphere. The day was 3 blend of leainin& support. and connertion. embodying Menucha's mission to empower women through education and community. enucha Talks Podca5 The Menucha Talks podcast is thriving, with over 6,1(7 listens to date, demonstrating its growing impact in supportlng women and men on their journèy to parenthood. Recognising the challenges women's mental health can face during thi5 time, Menucha Talks provides a monthly platform to explore these issues with sen51tivity, professionalism, and a relatable, human approach. Each episode is designed to offer understanding, practical advice, and valuable tips that listeners Can apply in their own lives or share with those around them. The feedback we are receiving shows that people really value this way of engaging with us, as it allows them to listen privately, at their own pace. and whenevèr il Sults thèm. By creating a safe space for open tonvèrsations. Menucha Talks continues to empower women and build awareness, makin8 a meaningful difference in countless lives. Menucha Ma zine This year. Menucha Magazine was published three times. featuring a Pesach Edition in April. a 818 Talk Edition in May, and a Succos Edition in October. For the Pe5ach and Succos Edition5, we printed 300 copie5 and placed thern in local shops for free distribution. For the Big Talk Edition, we increased circulation to 6(KJ copies, with over 300 distributed at the èvent itself. The remaining copiÈs wÈre madè available in shops. businessès, and vènuès frequented by new mothers, ensurin8 accessibility for a wider audience. Feedback from distributors highlighted the enthusiastic response. with many individuals happily picking up copies some even taking extra for friends and farnily. Members of the community, particularly those with limited or no internet acce55, expressed their Bratitude for a culturally relevant publication. sharing how much they gained from the practical and thoughtful information inside. Additionally, digital versions ol all editions are available on our website. catering to those who prefer to read on their phones or tablets or want to revisit previous issues. This multi-platform approach ensures that Menucha Magazine remains a valuable and accessible resource for everyone in our Community. Printed Adverts In previous years, Menucha advertised weekly,. however, this year, we shifted to monthly advertising. While this change has helped reduce advertising costs. the primary asOn for the adjustment is the introduction of a more impactful Social media strategy. Each week. we create a social media post that IS Shared acr055 variou5 plarforrns by over 40 women within our community. These posts, typically published on Wednesdays, allow us to reach broader audience in a more personal and relatable way than traditional printed adverts. The effectivene55 of this approach is evident in the feedback we've received from callers, many of whom mention seeing our posts shared widely across different platforms. Thewve shared that
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS, REPORTI continued Menucha remains deeply committed to engaging with key individuals and groups who interact with women and men during the perinatal period. This includes Rabbonim. Rebbetzins. chosson and kallah teachers. doula support teams. and other organi5ation5 5UPPOrting new mother5. a5 well as GPS and community rnidwives. Through these ongoing conversations and training sessions, we ensure that they can recognise the signs and symptoms of perinatal mood disorders. understand how these conditions can manifest. and feel equipped to encourage those in need to seek help. In addition. we continue to work closely with the local NHS team5. fostering a strong connection that allows for seamless referrals and shared care when required. This collaboration ensures that women can receive culturally sensitive support while healthcare professiona15 gain an understanding of the unique needs within our community. By building these relationships, Menvcha creates a robust network of awareness and support. ensuring that no woman or family facing perinatal challenges falls through the cracks. As an organlsation deeply committed to the well.being of women during the perinatal period, we strive to create nurturin8 Space where individuals find sUPPOrt. understandin& and the resources necessary for their journey. Our unwavering dedication to providing culturally sensitive care, coupled with a robust clinical approach. has allowed Menucha to evolve into a cornerstone ol support within our community. The collaboration between our dedicated team, en8a8ed volunteers, and the 8enerosity of our supporters has enabled us to touch the lives of numerous women and lamilies. PLANS FOR FIJTURE PERIOOS Looking forward. Menucha remains steadfast in lis mission to dèstigmatise pèrinatal mental health. promote awareness, and ensure that every individual, re8ardless of background, receives the care they deserve. We are partlcularly exc5ted about the prospect of expanding our seNices to offer more comprehensive support to fathers, recoBllisin8 the crucial role they play in the perinatal FINANCIAL REVIEW The Charity's income for the year amounted to £265.84712023: £212.1211. Expenditure was £241,06712023.' £214,949). The surplus for the year was £24.78012023= £2.828 deficit). At the financial year end. the total and unrestricted funds of the charity was £14,14212023: deficit of £10,638>. Menucha has three primary income stream5:" Client5, a ment towards thera 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 thèt finantes should never be a barrier to 8ettinB the right help and therefore strives to ensure our clients are able to access therapy support in a dignified and respettable manner even if they are unable to financially fully contribute. Grants and Foundations Initially, Menucha faced challenges with grants and foundation5 due to a lack of a track record. However. as we approach the end of our fourth clinical year. we now possess valuable data demonstrating the effectiveness of our program5. This success has led io the recent awarding of several grants. solidifying Menucha's impact and credibility. While the recent stjccess in bein8 awarded grants is a positive development, it's important to note that the application process for grants is intricate and does not guarantee acceptance. Despite our proven track record
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TRUSTEES, ANNUAL REPORT (INCORPORATING DIRECTORS, REPORTI continued and the demonstrated effectivene55 of our prograrns. each application undergoes rigorou5 evaluation, and succe5S remains contingent on various factors. Nevertheless. our growing body of evidence and the positive impact we have had on the community. P051tion Menucha well in the competitive grant landscape. Communi Oonations Menucha'5 community donations stem from two streams, each contributing significantly to our mi55ion. We receive smaller donations from individuals who have set up small standing orders or generously give sporadically. These contributions often symboli5e a profound appreciation for the meaningful work Menucha doe5. Sub5tanti31 donations are the result of deliberate engagement with individuals who hold the capacity to make substantial contributions. Menucha actively collaboiates with members of the community who possess the means to make a more significant impact. Throu8h personal discussions, we explore various ways in which these individua15 can contribute to Menucha's initiatives. fostering a deeper connection between the or8anisaiion and its committed 5UPPOrters. The combination of these two donalion 51reams 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 reseNes of the Charity at a level sufficient to cover management. administratlon and support cosis. subjeu to ¢onstraints arising from the diminishing financial and othei iesources available. The trustees have established the level of unrestricted current net assets that the Charity ought to have. Reserves are needed to bridge the fundin8 gap between spending on activities and receiving resources through voluntary incomè. The trustees consider that the ideal lèvel of unrestricted rèservès as of 310ecÈmber 2024 would be three months of resources expended which approximates £55,CQO. At 310ecember 2024 the Charity had reserves of £14,33812023.' £10,638 deficit reserves) which does not yet meet tar8et reserves but does reflect a positive trend. The Trustees have continued to budget 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 Trustee5 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 ompanies exemption. The tru5tee5' annual report wa5 approved on 12 May 2025 and signed on behalf of the board of trustees by.. L A Leah Allza Sanger Trustee
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to the trustees on my examination of the financial statements of Menucha Ltd I'the Charity, and for company law purposes, 'the Companll for the period ended 310ecember 2024. Responsibilitie5 and bays ot my report As the Charitvs tru5tee5 Iwho are also dirertor5 of the Company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 3Ct~I. Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2CMJ6 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts as carried out vnder section 145 of ihe Charities Act 20111~the 2011 Act"). In carrying out my examination, I have followed the Directions 8iven by the Charity Comrni$5ion under section 14515llbl of the 2011 Act. Independent examlnerfs statement I have completed my examination. l confirm that no material matters have Come to my attention which give me reason to be believe that.. Accounting records wère noi 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 accountlng requSrements under sectlon 396 of the Companv Act 2006 other than any requirement that the accounts 8ive a 'true and fairf 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 IFR51021. I have no concèrns and have come across no othèr matters in connection with thè examination tts which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Ig Accountants Chartered Accountants Churchill House 137-139 Brent Street London NW4 40J 12 May 2025
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 310ECEMBER 2024 STATEMENT OF COMPREHENSIVE FINANCIAL ACTIVITIES Note 2024 2024 2024 2023 Restrlrted Unrestrlrted Total Total funds Income Charitable activities 60,272 60,272 20,341 Donations 36,201 36,201 26,463 Grants 169.330 169,330 165.300 Investment income 44 17 Total Income 169.330 96,517 265.847 212,121 Expendlture Expenditure on charitable activities 169,330 S9,S93 228,923 192,544 Costs of raisin8 funds 9,193 9,193 19,347 Expenditure on 8overnance costs 2,951 2,951 3,022 Flnance eosts 36 Total expendlture 169.330 71,737 241,067 214,949 Total comprehensi surplus I Ideficitl for the year and movement in fund5 24,780 24,780 12,8281 Funds brought forwards 110.6381 110,6381 17.8101 Total funds tarried forwards io 14.142 14,142 110,6381 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing a£tivities. io
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL POSITION Note 2023 2022 Current assets Debtors 1.707 852 Cash at bank and in hand 24.488 6,494 Total current assets 26.195 5.660 Credltors- amounts falllng due wSth one year 112.0531 116,2981 Net current assets / Illabllitlesl 14,142 110,6381 Total assets less current Ilabllltles 14.142 110,6381 Net assets 14.142 110.6381 Funds of the tharlty (Deficit) I surplus of unrestricted funds io 14,142 110,6381 Total charlty Ideficltl I surplus funds 14.142 110,6381 For the period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companles Act 2006 relating to small companies. No member has required the Company to obtaln an audlt for it5 financial staternents for the year in accordance with section 476 of the Companies Art 2006. The diredors acknowledge their responsibilities for complying with the requirements of the Comp#nies A¢t 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 companles regime. These financial statements were approved by the board of trustees and authorised for issue on 12 May 2025 and are Signed on behalf of the board by.. LASAfv& Leah A112a Sanger Dirertor and Trustee Company registration number.. 12140175 The note5 on the succeeding page5 from part of these financial statement5. li
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS General Inforniation The Charity is a registered charity and a private company limited by guarantee, registered in England and Wales. The registered address 1$ 32 Hamilton Road. London. NWII 9EJ. The liability of the members in the event of the charity being liquidated is limited to £1 each. ststemtnt of compllance 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 Icharities SORP IFRS 1021 and the Companies Act 2006. Accountlng polleSes Basls of preparatlon The financial statements have been prepared on the historical cost basis. The financial staternents are prepared in pound sterlin& which is the functional currency of the Charity. Goln8 concern In the opinion ol the Trustees there is no matèrial uncertainty about the abllity of the Charity to contlnue 35 a Boin8 concern due to 8rant fundin8 agreements and the ability to scale back the Charity's expenditure rapidly in the event of a decline in available resources. Dlsclosure exemptlon The Charity qualifies for and has taken advantage of the exèmption available under paragraph 1.12 of FR5102 from presenting a cash flow statement. Key Jud8ements and estlmates In the opinion of the Trustees there were no significant areas of judgement or estimate engaged when preparing the financial slatements. Fund èctounting The charity's assets are split between unrestricted funds, which are available for use at the trustee's discretion in furtheran of the Chariws objectives. and restrirted funds. which are subject to specified conditions by donors as to how they may be used. Further details on the Charitvs restricted fund are presented in note 12 to the financial statements. 12
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 310ECEMBER 2024 NOTES TO THE FINANCIAL STATEMEPITS (continued) Incoming re50urce5 Incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it 15 probable that economic benefits will p355 to the charity.. and that benefit tan 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 feliably quantified. Income from contribution5 from individua15 15 recognised when there 15 evidence that receipt is probable. Resource5 expended Expenditure is recognised on an accrual basis when incurred and is inclusive of value added tax. Financlal 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. 13
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 310ECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) Income 2024 2024 2024 2023 Re5trirted Unrestrirted Total Totsl Income from charitable actiwties Therapy contribution5 receivable 31.246 31.246 13,959 Event Income 29.026 29.026 6.382 Total Income from charitable activities 60,272 60,272 20,341 Donatlons from Indlvlduals and totsl donatlons and legacles 36,201 36,201 26,463 Grants retelved from other charltlès and total grants ret*ld 169.330 169.330 165,300 Bank Interest recelved and total Investment Sncome 44 17 Total Income recelved 169.330 96,517 265,847 212,121 14
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 310ECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) Expenses 2024 2024 2024 2023 Restrlrted funds Unrestrlcted fund5 Total fund5 Total funds Expendlture on char5table artlvltles Therapy costs 91,115 91,115 94,340 Trainin8 65 65 3,898 Doubtful debt 7.533 7,533 Awareness & education 6.310 46.852 53.162 15.685 Staff costs 71.SY15 35 71,940 73,602 Insuran¢e 1.900 2,330 Helpline and telephony 2.520 2.520 2,414 Bank fees 688 688 275 Total expendlture on charltabl• artl¥ltlÈs 169.330 59,593 228,923 192,544 Costs of ralslng funds Consultancy 8,143 8,143 19,347 Advertising and evenis 1,050 i.oso Total costs of ralslng funds 9.193 9.193 19.347 Governance costs Accountancy and independent examlnation fees 1,250 1,250 1,105 General costs 1,701 1,701 1,917 Total expenditure on 8overnance costs 2.951 2.951 3,022 Finance costs Interest payable and total finance cost 36 Total expenditure 169330 71.737 241,067 214.949 15
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) Staff costs The average number of staff employed by the Charity during the year was 512023.. 41. Net surplus Net surplus is stated after char8in8= 2024 2023 Fees payable for the independent examination of the financial statements 1.2S0 I,ios Debtors 2024 2023 Accounts receivable 1.192 852 Other debtor5 515 1.707 852 Accounts receivable 15 Stated net of a provision of £7,85912023'. £3261 against bad debt. Accounts receivable before this provision was £9,05112023.. £1.1781. Credltors: amounts fallin8 due w5th one year 2024 2023 Trade creditors 2.8 Accruals 5.156 3,399 Other Creditors 6.897 10.099 12.053 16.298 16
MENUCHA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMEKTS (continued) io. Restrlcted funds During the year grants in support of specifically designated charitable activities were received in the sum of £169,33012023.. £165.3001 and torre5pondingly £169.330 was expended12023.. £165.3001. There were no restricted funds at the financial year end12023= no restrirted funds). ii. Transartions with trustees and related parties No trustee drew remuneration or expensè5 in the current or prior reporting period. Alexis Jatques Dwek's spouse was remunerated for tlinic31 lead 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 qualification5, and the arrangement was approved by the oiher independent trusiees as being in the best interests of the Charity. Mr Dwek recuse5 himself from trustee deci5ion5 pertaining to his spouse. In aggregate the trustees donated £734 to the charity In the year. Two trustees advanced short-term loans ol £S,LThXJ each during the year, which were interest free and repaid in full by the Charity at the year end. 12. Independent examlnerfs fÈe The Independent examiner was remunerated as follows 2024 2023 Independent examination of the financial statements 1.250 1,105 1,250 1,105 17