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REGISTERED COMPANY NUMBER: 01676955 (England and Wales)
REGISTERED CHARITY NUMBER: 286755



















ANGRACOVE LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

ANGRACOVE LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 12

ANGRACOVE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024



TRUSTEES H Gluck
E B Berger
J Gluck


COMPANY SECRETARY J Gluck


REGISTERED OFFICE First Floor
94 Stamford Hill
London
N16 6XS


REGISTERED COMPANY
NUMBER
01676955 (England and Wales)


REGISTERED CHARITY
NUMBER
286755


INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd
First Floor
94 Stamford Hill
London
N16 6XS


BANKERS Barclays Bank plc
240 Whitechapel Road
London
E1 1BJ

ANGRACOVE LIMITED (REGISTERED NUMBER: 01676955)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


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 31 March 2024. 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).

REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES
Objectives and activities
The objects of the charity are, the advancement of religion in accordance with the Orthodox Jewish Faith; the relief of poverty; such other purposes as are recognised by English Law as charitable. The charity is grantmaking.

The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continued its charitable activities in support of Jewish education and alleviation of poverty amongst the Jewish community both in the UK and abroad.

FINANCIAL REVIEW
Performance
The trustees are pleased with the results for the year. There was a increase in income although the trustees reduced grantmaking. There was a surplus for the year.

Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities
of the charity. Reserves at the year end were £531,059 (2023 - £490,541).

FUTURE PLANS
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 10 November 1982.

Governance management and recruitment
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.


ANGRACOVE LIMITED (REGISTERED NUMBER: 01676955)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 November 2024 and signed on its behalf by:





H Gluck - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ANGRACOVE LIMITED

Independent examiner's report to the trustees of Angracove Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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.








M M Hager

Sugarwhite Meyer HS Ltd
First Floor
94 Stamford Hill
London
N16 6XS

27 November 2024

ANGRACOVE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 101,869 97,074

Investment income 2 15,431 10,328
Total 117,300 107,402

EXPENDITURE ON
Charitable activities 3
Grantmaking 74,750 92,100
Support costs 2,032 2,064
Total 76,782 94,164

NET INCOME 40,518 13,238


RECONCILIATION OF FUNDS
Total funds brought forward 490,541 477,303

TOTAL FUNDS CARRIED FORWARD 531,059 490,541

ANGRACOVE LIMITED (REGISTERED NUMBER: 01676955)

BALANCE SHEET
31 MARCH 2024

2024 2023
Total Total
funds funds
Notes £    £   
CURRENT ASSETS
Debtors 8 401,720 239,925
Cash at bank 131,259 252,536
532,979 492,461

CREDITORS
Amounts falling due within one year 9 (1,920 ) (1,920 )

NET CURRENT ASSETS 531,059 490,541

TOTAL ASSETS LESS CURRENT
LIABILITIES

531,059

490,541

NET ASSETS 531,059 490,541
FUNDS 10
Unrestricted funds:
General fund 531,059 490,541
TOTAL FUNDS 531,059 490,541

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


ANGRACOVE LIMITED (REGISTERED NUMBER: 01676955)

BALANCE SHEET - continued
31 MARCH 2024

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 27 November 2024 and were signed on its behalf by:





H Gluck - Trustee

ANGRACOVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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. The following specific policies are applied to particular categories of income:

Income received by way of donations is accounted for when received.

Income from investments is included in the year in which it is receivable.

Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Grants are only recognised in the accounts when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

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

Going concern
There are no material uncertainties about the charity's ability to continue.

FINANCIAL INSTRUMENTS
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.


ANGRACOVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. INVESTMENT INCOME
2024 2023
Unrestricted Total
funds funds
£    £   
Deposit account interest 1,036 8
Curr asset inv income 14,395 10,320
15,431 10,328

3. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
4) note 5) Totals
£    £    £   
Grantmaking 74,750 - 74,750
Support costs - 2,032 2,032
74,750 2,032 76,782

4. GRANTS PAYABLE
2024 2023
£    £   
Grantmaking 74,750 92,100
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Advacement of religion 4,585 16,150
Advancement of education 25,755 25,550
Relief of poverty 37,600 41,800
Social welfare 5,500 8,600
Medical assistance 1,130 -
74,570 92,100

Mercaz Hatorah Belz Machnovke 14,000
Mifal Hachesed Vehatzdokoh 5,000
Misgov Ladoch 4,000
Others below £4,000 51,570

74,570


ANGRACOVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Support costs 112 1,920 2,032

Support costs, included in the above, are as follows:

Finance
2024 2023
Support Total
costs activities
£    £   
Bank charges 112 144
Governance costs
2024 2023
Support Total
costs activities
£    £   
Independent examiner's fee 960 960
Independent examiner's other fees 960 960
1,920 1,920

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


7. AVERAGE STAFF NUMBERS

The average number of staff in the year was Nil (2023 - Nil)

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 401,720 239,925


ANGRACOVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 1,920 1,920

10. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 490,541 40,518 531,059

TOTAL FUNDS 490,541 40,518 531,059

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 117,300 (76,782 ) 40,518

TOTAL FUNDS 117,300 (76,782 ) 40,518


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 477,303 13,238 490,541

TOTAL FUNDS 477,303 13,238 490,541

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 107,402 (94,164 ) 13,238

TOTAL FUNDS 107,402 (94,164 ) 13,238

ANGRACOVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RELATED PARTY DISCLOSURES

The debtors of £401,720 (2023 - £239,925) represent loans advanced to companies with Directors/Trustees in common, the charity was in receipt of interest income of £14,395 (2023 - £10,320) in respect of these loans. The charity received unrestricted donations from the trustees in the sum of £80,000 (2023 - £80,000).