TERRACE LIMITED
Provision of grants to institutions to assist Jewish religious education and for general charitable purposes, including relief of poverty.
Objects
(1) THE ADVANCEMENT OF RELIGION IN ACCORDANCE WITH THE ORTHODOX JEWISH FAITH (2) THE RELIEF OF POVERTY AND (3) FOR SUCH OTHER PURPOSES AS ARE RECOGNISED BY ENGLISH LAW AS CHARITABLE.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £651,481, reflecting a net movement in funds of £10,064 for the year. The charity's primary income source is a subsidiary company, which generated donations of £100,000. The trustees acknowledge their responsibilities for preparing the financial statements on a going concern basis, with no material uncertainties disclosed.
What the accounts disclose
“The entire donation income was received from the subsidiary.” — page 12
“Included in Other debtors (Note 8) is a loan to Reifer Memorial Ltd of £2,043 (2023: £2,043), a Company with common directorship.” — page 16
“£33,000 (2023: £45,000) was paid to The Joshua Trust, on whose board Mr Grussgott and his son-in-law sit.” — page 16
“Included in Other debtors (Note 8) is a loan to Reifer Memorial Ltd of £2,043 (2023: £2,043), a Company with common directorship.” — page 16
“£33,000 (2023: £45,000) was paid to The Joshua Trust, on whose board Mr Grussgott and his son-in-law sit.” — page 16
Policies the charity declares
- Complaints handling
- Conflicting interests
- Internal charity financial controls policy and procedures
- Investment
- Risk management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 1
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2022
- Has a trading subsidiary
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 4 annual returns with a recorded received date, 3 were received after the due date: year ending 31/12/2024 (received 13/01/2026, 74 days after the 31/10/2025 due date); year ending 31/12/2023 (received 20/01/2025, 81 days after the 31/10/2024 due date); year ending 31/12/2021 (received 08/02/2023, 100 days after the 31/10/2022 due date).
1 further annual return is past its due date with no recorded received date (Charity Commission register).
Corporate structure
- Registered company of the charity Companies House 01727730
Company officers (Companies House)
- REIFER, Moshe Dov not on trustee list
- GRUSSGOTT, Solomon on trustee list
- REIFER, Abraham on trustee list
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | — | — |
| 31/12/2024 | £108k | £98k |
| 31/12/2023 | £125k | £122k |
| 31/12/2022 | £100k | £101k |
| 31/12/2021 | £70k | £71k |
Common questions
Is TERRACE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £651,481, reflecting a net movement in funds of £10,064 for the year. The charity's primary income source is a subsidiary company, which generated donations of £100,000. The trustees acknowledge their responsibilities for preparing the financial statements on a going concern basis, with no material uncertainties disclosed. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HURDALE CHARITY LIMITED | 1 | £1.0m |
| IGO FOUNDATION LIMITED | 1 | £47k |
| BALSTRAW LIMITED | 1 | £40k |
| NEWPIER CHARITY LIMITED | 1 | £38k |
| E AND E KERNKRAUT CHARITIES LIMITED | 1 | £20k |
| WOODLANDS GREEN LTD | 1 | £16k |
| THE GREENBERG FOUNDATION | 1 | £10k |
| FRANKGIVING LIMITED | 1 | £10k |
Charities like this
- THE TREESIDE TRUST
- 4 CHARITY FOUNDATION
- PREMIERQUOTE LIMITED
- THE TMC TRUST LIMITED
- SPRINGFIELD TRUST LIMITED
- WILBRAHAM ROAD (MANCHESTER) TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TERRACE LIMITED | £108k | — | 0 | unclear | — | no doubt |
| THE TREESIDE TRUST | £34k | — | — | unclear | — | no doubt |
| 4 CHARITY FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |
| PREMIERQUOTE LIMITED | £1.3m | — | 0 | above | — | no doubt |
| THE TMC TRUST LIMITED | £472k | — | 0 | unclear | — | no doubt |
| SPRINGFIELD TRUST LIMITED | £1.2m | — | 0 | above | — | no doubt |