IRIS Accounts Production v23.4.0.336 Other Company accounts True false Pounds 1.10.22 30.9.23 30.9.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063784212022-09-30063784212023-09-30063784212022-10-012023-09-30063784212021-09-30063784212021-10-012022-09-30063784212022-09-3006378421ns0:CharitableCompanyLimitedByGuarantee2022-10-012023-09-3006378421ns15:PoundSterling2022-10-012023-09-3006378421ns11:FRS1022022-10-012023-09-3006378421ns11:IndependentExaminationCharity2022-10-012023-09-3006378421ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-10-012023-09-3006378421ns11:FullAccounts2022-10-012023-09-3006378421ns11:CharitiesSORP2022-10-012023-09-3006378421ns16:EnglandWales2022-10-012023-09-3006378421ns11:RegisteredOffice2022-10-012023-09-3006378421ns0:Trustee12022-10-012023-09-3006378421ns0:Trustee22022-10-012023-09-3006378421ns0:Activity82022-10-012023-09-3006378421ns0:Activity82021-10-012022-09-3006378421ns0:TotalUnrestrictedFunds2023-09-30
REGISTERED COMPANY NUMBER: 06378421 (England and Wales)
REGISTERED CHARITY NUMBER: 1121632














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

GLOWCOIN LIMITED

GLOWCOIN LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5

Notes to the Financial Statements 6 to 9

GLOWCOIN LIMITED (REGISTERED NUMBER: 06378421)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH SEPTEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th September 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 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's object and principal activity continues to be that of the advancement of the Orthodox Jewish Faith, the advancement of Orthodox Jewish Religious Education, the relief of poverty sickness and infirmity amongst members of the Jewish Faith and such other charitable purposes as the Association may from time to time determine.

ACHIEVEMENT AND PERFORMANCE
The trustees are satisfied with the level of donations during the year.

FINANCIAL REVIEW
The Statement of Financial Activities shows a net deficit for the year of £8,865 and accumulated reserves of £28,490.

FUTURE PLANS
The need for our services is increasing and we plan to continue doing what we can to assist. However, the trustees realise that we must use the resources we have wisely and so we will continue to target those problems where we have expertise to make the most difference. We therefore intend to continue our approach of education and training with further projects to build on the previous one. We are confident that we shall receive more support from our supporters.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustee and Organisational Structure
The charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association. All directors of the company are also trustees of the charity and there are no other trustees. All of the trustees named above served throughout the period. The board has the power to appoint additional trustees as and when it considers fit to do so.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06378421 (England and Wales)

Registered Charity number
1121632

Registered office
923 Finchley Road
Golders Green
London
NW11 7PE

Trustees
J M Teff
M Teff

Independent Examiner
Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

GLOWCOIN LIMITED (REGISTERED NUMBER: 06378421)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


REVIEW OF THE CHARITY
The charitable company was incorporated on 21st September 2007.

Approved by order of the board of trustees on 13th March 2024 and signed on its behalf by:





J M Teff - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GLOWCOIN LIMITED


Independent examiner's report to the trustees of Glowcoin Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Joey J Joseph FCA MCMI

Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

13th March 2024

GLOWCOIN LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,500 8,800

EXPENDITURE ON
Charitable activities
Charitable 18,365 19,315

NET INCOME/(EXPENDITURE) (8,865 ) (10,515 )


RECONCILIATION OF FUNDS
Total funds brought forward 37,355 47,870

TOTAL FUNDS CARRIED FORWARD 28,490 37,355

GLOWCOIN LIMITED (REGISTERED NUMBER: 06378421)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 28,490 37,355

NET CURRENT ASSETS 28,490 37,355

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,490

37,355

NET ASSETS 28,490 37,355
FUNDS 5
Unrestricted funds 28,490 37,355
TOTAL FUNDS 28,490 37,355

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13th March 2024 and were signed on its behalf by:





J M Teff - Trustee

GLOWCOIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 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.

Taxation
The charity is exempt from corporation tax on its charitable activities.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th September 2023 nor for the year ended 30th September 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30th September 2023 nor for the year ended 30th September 2022.


3. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022

No employees received emoluments in excess of £60,000.


GLOWCOIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 8,800

EXPENDITURE ON
Charitable activities
Charitable 19,315

NET INCOME/(EXPENDITURE) (10,515 )


RECONCILIATION OF FUNDS
Total funds brought forward 47,870

TOTAL FUNDS CARRIED FORWARD 37,355

5. MOVEMENT IN FUNDS
Net
At movement At
1.10.22 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 37,355 (8,865 ) 28,490

TOTAL FUNDS 37,355 (8,865 ) 28,490

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 9,500 (18,365 ) (8,865 )

TOTAL FUNDS 9,500 (18,365 ) (8,865 )


GLOWCOIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.10.21 in funds 30.9.22
£    £    £   
Unrestricted funds
General fund 47,870 (10,515 ) 37,355

TOTAL FUNDS 47,870 (10,515 ) 37,355

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,800 (19,315 ) (10,515 )

TOTAL FUNDS 8,800 (19,315 ) (10,515 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.10.21 in funds 30.9.23
£    £    £   
Unrestricted funds
General fund 47,870 (19,380 ) 28,490

TOTAL FUNDS 47,870 (19,380 ) 28,490

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 18,300 (37,680 ) (19,380 )

TOTAL FUNDS 18,300 (37,680 ) (19,380 )

GLOWCOIN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th September 2023.