**Charity Number 1192840**
## **PENINIM**
# **TRUSTEES` REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**PENINIM**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2023**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administrative details|**3**|
|Trustees Annual Report|**4-8**|
|Independent examiner's report to the trustees|**9**|
|Statement of financial activities|**10**|
|Balance sheet|**11**|
|Notes to the financial statements|**12**-**14**|
## **PENINIM**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2023**
The trustees present their annual report and the independently examined financial statements of the charity for the year ended 31 December 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
|Registered charity name|Peninim|
|---|---|
|Charity registration number|1192840|
|Registered address|9 Gilda Crescent|
||London|
||N16 6JT|
|The trustees|J Zwiebel|
||C Hochhauser|
||Y Biderman|
||S Leiser|
|Bankers
|Barclays Bank|
||Leicester|
||Postcode LE1 1WB|
|Independent examiner|Mr Balazs Nezmi FCCA|
||Js&Co Accountants Ltd|
||26 Theydon Road|
||London E5 9NA|
**- 3 -**
## **PENINIM**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2023**
## **Message from the Chair**
_When people said I couldn’t, I showed them ‘I can.’ When people said I shouldn’t, I told them ‘I will’_
Since the day I was diagnosed with Nemaline Myopathy, my life has been about pushing limits. Breaking out of my limitations to pursue my dreams, regardless of what everyone else thought was possible. It was something my parents taught me as a young girl and it is what I’ve been doing since. Founding Peninim for other disabled adults in the community has been my way of telling the naysayers: “I can, I must, and I will!”
## --
Living in a wheelchair and running Peninim has definitely been a challenge at times. But I welcome that challenge, and with each milestone we achieve, I am empowered to continue doing more for my Peninim sisters.
This year, I am grateful that our enrolment has increased by another 20 disabled members. 20 more sisters who can join our journey of building beyond limits together!
One of the highlights this year was our annual retreat to Bournemouth, where we soaked in the sun, sang together, laughed together, and shared stories way into the night.
We’ve also become experts at baking with a secret dream of starting a bakery with some of our talented members at some point in the future ;)
## --
There is no way I can sign off without mentioning my gratitude to my devoted assistants (who have sworn me into secrecy so as not to reveal their names.) S.M and M.P, you have been my lifeline. Without you, Peninim would have long ceased to exist.
A special mention also to our sponsors and donors, particularly the Clothworkers Fund and the National Lottery for enabling our programs to run without a hitch. Thank you on behalf of my ‘fully enabled sisters.’
With you at our side, there are truly no limits.
## _Malka Meisels_
## **Mission statement**
Peninim supports adult women with physical disabilities through the provision of social, leisure, and sporting opportunities designed to improve their quality of life and promote social integration within the wider community.
The objectives of the charity as stated in the Declaration of Trust:
**- 4 -**
## **PENINIM**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2023**
The relief of women who are in need as a result of their disabilities in such ways as the trustees may determine from time to time.
## **Aims and objectives**
- To improve the quality of life for disabled adults in the community
- To reduce the loneliness and isolation many disabled adults experience through social integration opportunities
- To empower disabled people by addressing local inequalities and access issues
## **Our vision**
Our vision is to see disabled adults in the community connect with each other and integrate into society.
## **Background**
Peninim was established in the year 2020 by Miss Malka Meisels, a young woman with Nemaline Myopathy and multiple physical disabilities. She has made it her life’s mission to support those like her and better integrate the disabled community into the larger community, bridging divides and reducing social isolation. Peninim has developed a unique approach to service delivery, in which provisions are delivered to a mixed audience of physically disabled and non-disabled women who are treated equally, as an effective way of breaking down social divides and integrating disabled women into the larger community.
## **Working in partnership**
We work in partnership with other organizations that provide services for disabled adults, such as Misgav and Ezer Leyoldos.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Peninim is constituted and governed by a Declaration of Trust dated 15 December 2020, which is the derivative of the charity’s original Declaration of Trust dated 01 September 2016; amended by a Deed of Variation.
It is a registered charity with charity number 1192840 and was registered on 17 December 2020. The charity is governed by a board of trustees who meet regularly. Day-to-day operations are led by its founder and Director, Miss M Meisels, a disabled young woman who has lived experience of the issues at hand.
## **Recruitment and induction**
Recruitment and appointment of new trustees are in line with the Declaration of Trust and with the consent of the current trustees. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. All major decisions are taken collectively by vote of the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts (2023-Nil).
Trustees receive suitable training in line with their roles and responsibilities.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that these risks are robustly managed,
**- 5 -**
## **PENINIM**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2023**
through its policies, systems and procedures for Safeguarding, Health and Safety and Financial Management and Controls.
Ongoing risk assessment and management is the responsibility of the trustees.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to its operations and finances, and are satisfied that these risks are robustly managed through its policies, systems, and procedures for Safeguarding, Health and Safety, and Financial Management and Controls.
Ongoing risk assessment and management is the responsibility of the trustees.
## **Public benefit**
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities.
## **Achievement and Performance**
During the year, we were able to support over 100 disabled women between the ages of 18 - 50, of which 60 self-identified as disabled. This ratio of disabled to non-disabled women is in line with our mission of bringing together disabled persons and their non-disabled counterparts to bridge divides. We have also continued growing our services outside of the London Boroughs of Hackney & Haringey, reaching 9 women from Manchester, 4 from Gateshead and a further 7 from outer London boroughs with the support of our part-time Regional Manager.
We provided a growing range of social, leisure and sporting provisions, designed to bring people together, relieve social isolation/loneliness, improve physical & mental health, and address some of the inequalities experienced by disabled persons.
## **Some of our highlights this year:**
## Workshops and Courses:
At our center, we continued to provide varied workshops to bring together disabled and nondisabled women. This year, we increased the number of workshops delivered to 57 unique workshops such as: computer graphics, voice training, flower arranging, sand art, pottery, paradance confectionary etc.
Another added feature this year has been our mini-course on food photography, during which we were able to obtain professional cameras for all members to practice on. We had a great time learning the tricks of food photography and editing pictures to mouthwatering levels.
## Social Opportunities:
Our regular social gatherings and luncheons continue monthly complete with great food, music, games, and entertaining panels. As in the past, our annual talent show was an incredible highlight, bringing many disabled and non-disabled members of the community together in a dazzling display of unity and talent.
**- 6 -**
**PENINIM**
**TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2023**
## Retreats:
Our two retreats this year took place in the coastal town of Bournemouth (which has been voted as our favourite location for retreats) and included a day trip to the Isle of White via boat, which was an incredible experience for all. Getting out and about is vital for our members, and our new WAV (Wheelchair Accessible Vehicle) has made these trips all the more possible—allowing us to get where we need to without the common barriers.
## Hydrotherapy:
Based on the successful delivery of a pilot Hydrotherapy program we ran in 2021, we introduced weekly Hydrotherapy sessions for women with physical disabilities ranging from Paralysis, to Cerebral Palsy, Muscular conditions, Arthritis and other physical impairments. This supported disabled women to get active, improve movement, and alleviate chronic pain. The program was highly oversubscribed, and having secured a three-year grant from the City Bridge Trust for this program, we will now enter our second year of running this program without financial stress.
## Sports:
In addition to our popular Para Dance sessions, we have recently begun learning other sitting sports, such as tennis and sitting volleyball, that can be played in a local field. Our members are still getting the hang of these sports, however, the healthy flush on their faces at the end of a game already makes these sessions a win for all!
## Cost-of-Living Crisis:
With the cost of living crisis now top of mind, we have added a new line of workshops this year, helping our members learn about financial responsibility in a fun and interactive way. Some of the topics we have already covered are the benefits of living with cash over credit, saving for rainy days, essentials vs. luxuries, and how to detect fraud. These are all important for helping our members gain financial independence and self-security.
## Advocacy
This year, we have also been focusing our efforts on spreading awareness about the support available for disabled adults in the UK via Government agencies and other non-profits. Our dedicated case worker is compiling a book with all the updated information, which we aim to send to our members. Having this guide available can make a huge difference in our users' lives, smoothing out the many creases and red tape they constantly encounter.
## **FUTURE PLANS**
Trustees are satisfied with the delivery and developments during the year in review, most notably the increased charitable delivery and reach of the charity. Trustees wish to continue this trajectory of growth and have set the following key milestones for the year ending 31 December 2023
- To maintain the delivery of social, leisure, and sporting provisions currently on offer. - To further develop our therapy program where we can sponsor more speech and language therapy or occupational therapy for disabled adults who need it.
**- 7 -**
## **PENINIM**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2023**
- To partner with other similar organizations and work together to advocate for disabled people and effect change. Some of our objectives include changing underground stations that are not wheelchair accessible and changing the exclusion of disabled adults from the workforce.
- To continue supporting disabled persons experiencing additional hardships due to the cost of living crisis.
## **FINANCIAL REVIEW**
We wish to thank all our donors and funders, including but not limited to, Delapage Ltd, Rosa, The National Lottery Community Fund, the London Borough of Hackney, GLA fund, city bridge trust, and many others who have made our delivery possible and who champion the work of small charities.
## **RESERVES POLICY**
The trustees retain reserves as necessary and, where appropriate, consolidate funds in order to provide activities to its users they feel to be appropriate. At the period's end, the charity held free reserves of [insert figure of free reserves], which is equivalent to 2.9 months running costs, just shy of our 3-month benchmark for reserves.
## **SUMMARY**
This past year (2023-2024,) Peninim has enabled over 100 disabled adults to connect with each other, enjoy rewarding activities, learn new things, and integrate better into society. For our founder, Malka, everything is worth it when she hears comments like “Wow, I haven’t been out in weeks!” or, “I feel so at home here.” It tells us, more than anything, how crucial this organization is and how much more work there is to be done on behalf of disabled adults in the UK. Obviously, nothing would be possible without our friends, supporters, and donors - the people who really put their money where their heart is. Thank you for helping us break beyond out limits every day.
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to provide activities to its users they feel to be appropriate. At the period end, the charity held unrestricted reserves of £10,621 which is equivalent to 3 months running costs.
The trustees' annual report were approved on 7[th] March 2024 and signed on behalf of the board of trustees by:
J Zwiebel
Trustee (Chairperson)
**- 8 -**
**PENINIM**
## **INDEPENDENT EXAMINER REPORT**
## **YEAR ENDED 31 DECEMBER 2023**
I report on the accounts of the charity for the year ended 31 December 2023 set out on pages 9 to 13.
## **Respective Responsibilities of Trustees and Independent 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 Act”) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act;
- to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with the 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 matter has come to my attention:
- a) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
- b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Balazs Nezmi FCCA Js&Co Accountants Ltd 26 Theydon Road London E5 9NA
7[th] March 2024
**- 9 -**
## **PENINIM**
## STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023
|Notes
**INCOMING RESOURCES**
**Incoming resources from generated funds**
3
Donations and Grants
**Total Incoming resources**
**RESOURCES EXPENDED**
Charitable activities
4,5
Support Costs
6
Governance
7
Fundraising
8
**Total resources expended**
**NET INCOMING/(OUTGOING)**
**RESOURCES**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**Restricted**
**Unrestricted**
**2023**
**2022**
**Funds**
**Funds**
**Total Funds**
**Total Funds**
£
£
£
£
69,621
937
70,558
142,537|
|---|---|
||69,621
937
70,558
142,537
63,180
8,000
71,180
77,730
4,170
0
4,170
3,215
0
763
763
715
0
0
0
3,672|
||67,350
8,763
76,113
85,332
2,271
-7,826
-5,555
57,205
74,487
18,447
92,934
35,729|
||76,758
10,621
**87,379**
**92,934**|
The Notes form part of the financial statements
Page 10
## **PENINIM**
|**2022**
Notes
£
£
**FIXED ASSETS:**
Tangible assets
10
15,360
**CURRENT ASSETS:**
Cash at bank and in hand
72,822
72,822
**CREDITORS: amounts falling**
**due within one year**
11
-803
**Net Current assets/(liabilities)**
72,019
**NET ASSETS:**
87,379
**FUNDS**
12
Restricted funds
76,758
Unrestricted funds
10,621
**TOTAL FUNDS**
87,379
BALANCE SHEET
31-Dec-23|**2021**
£
£
19,200
76,041
76,041
-2,307
73,734
73,734
74,487
18,447
92,934|**2021**
£
£
19,200
76,041
76,041
-2,307
73,734
73,734
74,487
18,447
92,934|
|---|---|---|
||||
|||73,734|
|||74,487
18,447|
|||92,934|
Approved by the board of Trustees on: And signed on their behalf by:
07 March 2024
Trustee J Zwiebel
The Notes form part of these financial statements
Page 11
**PENINIM**
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
## 1 **ACCOUNTING POLICIES**
## **Accounting convention**
These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## 2 **TRUSTEES REMUNERATION AND BENEFITS**
No trustee received remuneration, allowance for or reimbursement of expenses.
## 3 **INCOMING RESOURCES FROM GENERATED FUNDS**
|||**Restricted**|**Unrestricted**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2023**|**2022**|
|||**£**|**£**|£|£|
||Donations and Grants|**69,621**|**937**|**70,558**|**142,537**|
|4|**COSTS OF CHARITABLE ACTIVITIES**|**BREAKDOWN**||||
|||**Restricted**|**Unrestricted**|**Total Funds**|**Total Funds**|
|||**Funds**|**Funds**|**2023**|**2022**|
|||**£**|**£**|£|£|
||Advertising|208||208|757|
||Delivery & transportation|8,518||8,518|8,049|
||Material and equipment|461||461|5,606|
||Volunteer expenses|140||140|1,075|
||Printing & Postage|||0|169|
||Professional fees|7,995|8,000|15,995|12,010|
||Monitoring and evaluation|600||600|4,710|
||Refreshments|2,549||2,549|7,732|
||Facility hire|3,900||3,900|3,677|
||Massages|1,000||1,000|0|
||Retreat|4,320||4,320|0|
||Entertainment|76||76|1,249|
||Telecommunication|||0|3,247|
||Sessional staff|12,090||12,090|11,226|
||Training|||0|550|
||Workshops|526||526|0|
||Wages & Salaries|20,797||20,797|17,404|
|||63,180|8,000|71,180|77,461|
Page 12
## PENINIM
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
## 5 COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
|Social, leisure and sporting provisions|Restricted
Funds
Unrestricted
Funds
£
£
63,180
8,000|Total Funds
2023
Total Funds
2022
£
£
71,180
77,730|
|---|---|---|
||63,180
8,000|71,180
77,730|
Average number of employees, during the year was as follows: 4 (2021 2)
|||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|6|SUPPORT COSTS|£|£|£|£|
||Advertising|1,578||1,578|420|
||Professional fees|||0|600|
||Office costs|447||447|284|
||Insurance|2,145||2,145|1,911|
|||4,170|0|4,170|3,215|
|7|GOVERNANCE|||||
|||Restricted|Unrestricted|Total Funds|Total Funds|
|||Funds|Funds|2023|2022|
|||£|£|£|£|
||Accountancy|0|744|744|696|
||Bank charges|0|19|19|19|
|||0|763|763|715|
|||Restricted|Unrestricted|Total Funds|Total Funds|
|8|FUNDRAISING|Funds|Funds|2023|2022|
|||£|£|£|£|
|||0|0|0|3,672|
## 9 TAXATION
Peninim is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
Page 13
## **PENINIM**
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
## 10 **TANGIBLE FIXED ASSETS**
|10
**TANGIBLE FIXED ASSETS**||
|---|---|
|**Van**
**COST:**
£
At 1 January 2023
24,000
Additions
At 31 December 2023
24,000
**DEPRECIATION:**
At 1 January 2023
4,800
Charge for year
3,840
At 31 December 2023
8,640
**NET BOOK VALUE:**
At 31 December 2023
15,360
At 31 December 2022
19,200
11
**CREDITORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**
**2023**
£
Accruals
744
Other Creditors
59
803
12
**MOVEMENTS IN FUNDS**
**Net movement**
**At 1.1.23**
**in funds**
£
£
**Restricted funds**
General fund
74,487
2,271
**Unrestricted funds**
General fund
18,447
-7,826
**TOTAL FUNDS**
92,934
-5,555
Net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Restricted funds**
General fund
69,621
67,350
**Unrestricted funds**
General fund
937
8,763
**TOTAL FUNDS**
70,558
76,113|**Totals**
£
24,000
0|
||24,000|
||4,800
3,840|
||8,640
15,360|
||19,200|
||**2022**
£
696
1,611|
||2,307|
||**At 31.12.23**
£
76,758
10,621|
||87,379|
||**Movement in**
**funds**
**£**
2,271
-7,826|
||-5,555|
Page 14