TERRACE LIMITED
Provision of grants to institutions to assist Jewish religious education and for general charitable purposes, including relief of poverty.
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
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 |
|---|---|---|
| 31/12/2024 | £108k | £98k |
| 31/12/2023 | £125k | £122k |
| 31/12/2022 | £100k | £101k |
| 31/12/2021 | £70k | £71k |
| 31/12/2020 | £151k | £151k |
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 |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £267k |
| CHASEHAWK LIMITED | 1 | £16k |
| THE GERTNER CHARITABLE TRUST | 1 | £15k |
| KKMG | 1 | £5k |
Charities like this
- HAROFEH DONATIONS LIMITED
- HIGHFIELD CHARITABLE TRUST
- SPRINGFIELD TRUST LIMITED
- THE STROH GESTETNER FOUNDATION LTD
- TZEDOKOH VECHESED LIMITED
- THE ROSEMARIE NATHANSON CHARITABLE TRUST
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 |
| HAROFEH DONATIONS LIMITED | £598k | — | 0 | unclear | — | noted |
| HIGHFIELD CHARITABLE TRUST | £171k | — | 0 | unclear | — | noted |
| SPRINGFIELD TRUST LIMITED | £1.2m | — | 0 | above | — | no doubt |
| THE STROH GESTETNER FOUNDATION LTD | £331k | — | 0 | unclear | — | no doubt |
| TZEDOKOH VECHESED LIMITED | £1.4m | — | 0 | unclear | — | no doubt |