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COMPANY REGISTRATION NUMBER: 1720084
CHARITY REGISTRATION NUMBER: 288978
Anpride Limited
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2024
Anpride Limited
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
5
Statement of financial activities (including income and expenditure account)
7
Statement of financial position
8
Statement of cash flows
10
Notes to the financial statements
11
Anpride Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2024 .
Reference and administrative details
Registered charity name
Anpride Limited
Charity registration number
288978
Company registration number
1720084
Principal office and registered
2nd Floor Parkgates
office
Bury New Road
Prestwich
Manchester
M25 0TL
The trustees
Yisroel Chaim Koppenheim
(Appointed 11 February 2025)
Mr C Benedikt
Mrs G L Benedikt
Mr A Geldzahler
Company secretary
Mrs G L Benedikt
Independent examiner
Mr Howard Schwalbe ACA
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Structure, governance and management
Anpride Ltd is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 03 May 1983 as a company and the company number is 0 1720084 . It was registered as a charity on 03 April 1984 with a charity number 288978 .
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by Mr C Benedikt on behalf of the trustees. All major decisions are taken collectively by 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. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
Objectives and activities
The objects of the charity are the relief of poverty amongst the elderly or persons in need, hardship or distress in the Jewish Community; the advancement of the Orthodox Jewish Religion.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity is funded by donations and investments. The charity gives out grants in line with the above objects.
There were no grants paid out to individuals during the year.
Grants made during the year to institutions are as detailed in the accounts.
The application of the funds by way of grants to either institutions or individuals and is almost always to institutions.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The charity received £397,000 (2023: £157,750) in donations during the year as well as £104,799 (2023: £64,569) in investment income.
During the year, the charity purchased another investment property.
The charity has governance costs that are professional fees incurred by the charity.
All other office costs are borne by a local benefactor and the trustees wish to record their appreciation to the benefactor for the free use of their offices.
The charity paid out £191,806 (2023: £194,702) by way of grants and support costs that are in line with the objects of the charity. Grants over £5,000 made during the year to institutions are as detailed in the accounts.
The charity incurred costs of £11,244 (2023: £41,590) in respect of investment management costs.
There were no fundraising costs during the year.
Related party transactions in the reporting period are as disclosed in the notes to the accounts.
There was a net income and an overall net movement in funds for the year amounting to £298,749 (2023: (£13,973)).
Financial review
Investment performance
The investments of the charity have provided a gross return of over 5% in the year.
The trustees consider this acceptable when compared with returns available on deposits in any of the banking institutions. The investment returns have been consistent for a number of years and are not at the expense of any exposure of loan to value covenants that would put these investments at risk.
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the financial obligations of the charity, the trustees have resolved to maintain a minimum reserve, being the current assets of the charity.
The trustees have considered the fair value of the investment property taking into account the loan to value of the properties as well as the nature and exposure of the investment properties. The trustees consider the holding value to be the fair value.
The trustees are delighted to have made many valuable contributions to the community as a result of this income and hope to be able to do so for many years to come.
The trustees feel that the activity reflects the profile and standing within the local community. The impact for future years' expenditure is self evident and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.
The free reserves, represented by the net current assets of the charity stand at £186,177 (2023: £630,703) all of which are unrestricted.
Total funds held by the charity at the year end were £2,054,930 (2023: £1,756,181), all of which are unrestricted.
The trustees' annual report and the strategic report were approved on 10 June 2025 and signed on behalf of the board of trustees by:
Mr C Benedikt
Trustee
Anpride Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Anpride Limited
Year ended 30 September 2024
I report to the trustees on my examination of the financial statements of Anpride Limited ('the charity') for the year ended 30 September 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Mr Howard Schwalbe ACA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
10 June 2025
Anpride Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
397,000
397,000
157,750
Investment income
6
104,799
104,799
64,569
---------
---------
---------
Total income
501,799
501,799
222,319
---------
---------
---------
Expenditure
Expenditure on raising funds:
Investment management costs
7
11,244
11,244
41,590
Expenditure on charitable activities
8,9
191,806
191,806
194,702
---------
---------
---------
Total expenditure
203,050
203,050
236,292
---------
---------
---------
---------
---------
---------
Net income/(expenditure) and net movement in funds
298,749
298,749
( 13,973)
---------
---------
---------
Reconciliation of funds
Total funds brought forward
1,756,181
1,756,181
1,770,154
------------
------------
------------
Total funds carried forward
2,054,930
2,054,930
1,756,181
------------
------------
------------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Anpride Limited
Company Limited by Guarantee
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
16
813
956
Investments
17
1,867,940
1,500,000
------------
------------
1,868,753
1,500,956
Current assets
Debtors
18
10,000
11,125
Cash at bank and in hand
592,358
1,032,983
---------
------------
602,358
1,044,108
Creditors: amounts falling due within one year
19
416,181
413,405
---------
------------
Net current assets
186,177
630,703
------------
------------
Total assets less current liabilities
2,054,930
2,131,659
Creditors: amounts falling due after more than one year
20
375,478
------------
------------
Net assets
2,054,930
1,756,181
------------
------------
Funds of the charity
Unrestricted funds:
Revaluation reserve
449,080
449,080
Other unrestricted income funds
1,605,850
1,307,101
------------
------------
Total unrestricted funds
2,054,930
1,756,181
------------
------------
Total charity funds
21
2,054,930
1,756,181
------------
------------
For the year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Anpride Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of trustees and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
Mr C Benedikt
Trustee
Anpride Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 30 September 2024
2024
2023
£
£
Cash flows from operating activities
Net income/(expenditure)
298,749
(13,973)
Adjustments for:
Depreciation of tangible fixed assets
143
169
Dividends, interest and rents from investments
(97,361)
(63,700)
Other interest receivable and similar income
( 7,438)
( 869)
Accrued income
( 240)
( 3,200)
Changes in:
Trade and other debtors
1,125
4,875
Trade and other creditors
3,016
( 1,494)
---------
--------
Cash generated from operations
197,994
( 78,192)
Interest received
7,438
869
---------
--------
Net cash from/(used in) operating activities
205,432
( 77,323)
---------
--------
Cash flows from investing activities
Dividends, interest and rents from investments
97,361
63,700
Purchases of other investments
( 367,940)
---------
--------
Net cash (used in)/from investing activities
( 270,579)
63,700
---------
--------
Cash flows from financing activities
Proceeds from borrowings
( 375,478)
( 9,613)
---------
--------
Net cash used in financing activities
( 375,478)
( 9,613)
---------
--------
Net decrease in cash and cash equivalents
( 440,625)
( 23,236)
Cash and cash equivalents at beginning of year
1,032,983
1,056,219
------------
------------
Cash and cash equivalents at end of year
592,358
1,032,983
------------
------------
Anpride Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2nd Floor Parkgates, Bury New Road, Prestwich, Manchester, M25 0TL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 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 cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Anpride Ltd is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Donations
397,000
397,000
157,750
157,750
---------
---------
---------
---------
6. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Income from investment properties
97,361
97,361
63,700
63,700
Bank interest receivable
7,438
7,438
869
869
---------
---------
--------
--------
104,799
104,799
64,569
64,569
---------
---------
--------
--------
7. Investment management costs
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Property repairs and maintenance charges
150
150
11,158
11,158
Interest on loans
11,094
11,094
30,432
30,432
--------
--------
--------
--------
11,244
11,244
41,590
41,590
--------
--------
--------
--------
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Charitable grants
178,320
178,320
176,406
176,406
Support costs
13,486
13,486
18,296
18,296
---------
---------
---------
---------
191,806
191,806
194,702
194,702
---------
---------
---------
---------
9. Expenditure on charitable activities by activity type
Grant funding of activities
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Charitable grants
178,320
10,736
189,056
191,951
Governance costs
2,750
2,750
2,751
---------
--------
---------
---------
178,320
13,486
191,806
194,702
---------
--------
---------
---------
10. Analysis of support costs
Analysis of support costs activity 1
Total 2024
Total 2023
£
£
£
Premises
143
143
169
General office
10,593
10,593
15,376
Governance costs
2,750
2,750
2,751
--------
--------
--------
13,486
13,486
18,296
--------
--------
--------
11. Analysis of grants
2024
2023
£
£
Grants to institutions
Amud Hatzdoko Trust
6,300
18,150
Beth Aharon Trust Ltd
5,100
Beis Ruchel
13,650
Chevras Maoz Ledal
9,450
28,650
Cong Veyoel Moshe
5,050
Cong Yetev Lev
51,000
Grants under £5000
26,150
61,906
Hatzolo Trust
8,250
Kupat Yismach Lev
5,000
Kupath Gemach Chaim Bechesed
5,000
KYL Central Shul Trust
10,270
Mekadshei Shevii
50,000
Mifal Hachesed Vehatzdoko
5,650
Mifal Tzedoko Vochessed
5,000
The Well Trust
10,000
The Z.S.V. Trust
5,000
Tomchei Avreichim
5,150
Tomchei Torah Vuchessed
5,000
Yeshivas Daas Sholom
15,000
---------
---------
178,320
176,406
---------
---------
Total grants
178,320
176,406
---------
---------
12. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
143
169
----
----
13. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
2,750
2,750
-------
-------
14. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16. Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 October 2023 and 30 September 2024
8,159
-------
Depreciation
At 1 October 2023
7,203
Charge for the year
143
-------
At 30 September 2024
7,346
-------
Carrying amount
At 30 September 2024
813
-------
At 30 September 2023
956
-------
17. Investments
Investment properties
£
Cost or valuation
At 1 October 2023
1,500,000
Additions
367,940
------------
At 30 September 2024
1,867,940
------------
Impairment
At 1 October 2023 and 30 September 2024
Carrying amount
At 30 September 2024
1,867,940
------------
At 30 September 2023
1,500,000
------------
All investments shown above are held at valuation.
Investment properties
Investment property comprises two properties wholly owned by the charity. The carrying value of the property is stated at fair value in the opinion of the trustees.
18. Debtors
2024
2023
£
£
Other debtors
10,000
11,125
--------
--------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
11,125
----
--------
19. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
23,400
23,640
Social security and other taxes
3,016
Other creditors
389,765
389,765
---------
---------
416,181
413,405
---------
---------
20. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
375,478
----
---------
21. Analysis of charitable funds
Unrestricted funds
At 1 October 2023
Income
Expenditure
At 30 September 2024
£
£
£
£
General funds
1,307,101
501,799
(203,050)
1,605,850
Revaluation reserve
449,080
449,080
------------
---------
---------
------------
1,756,181
501,799
(203,050)
2,054,930
------------
---------
---------
------------
At 1 October 2022
Income
Expenditure
At 30 September 2023
£
£
£
£
General funds
1,321,074
222,319
(236,292)
1,307,101
Revaluation reserve
449,080
449,080
------------
---------
---------
------------
1,770,154
222,319
(236,292)
1,756,181
------------
---------
---------
------------
22. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
813
813
Investments
1,867,940
1,867,940
Current assets
602,358
602,358
Creditors less than 1 year
(416,181)
(416,181)
Creditors greater than 1 year
------------
------------
Net assets
2,054,930
2,054,930
------------
------------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
956
956
Investments
1,500,000
1,500,000
Current assets
1,044,108
1,044,108
Creditors less than 1 year
(413,405)
(413,405)
Creditors greater than 1 year
(375,478)
(375,478)
------------
------------
Net assets
1,756,181
1,756,181
------------
------------
23. Analysis of changes in net debt
At 1 Oct 2023
Cash flows
At 30 Sep 2024
£
£
£
Cash at bank and in hand
1,032,983
(440,625)
592,358
Debt due after one year
(375,478)
375,478
------------
---------
---------
657,505
( 65,147)
592,358
------------
---------
---------
24. Related parties
Mr C Benedikt , director and trustee of the charity donated £151,500 of personal funds to the charity. Mrs G Benedikt, director & trustee of the charity donated £76,500 to the charity during the year. Included in other creditors is an interest free loan of £389,765 owing to Mr C Benedikt , that is repayable on demand.
25. Taxation
Anpride Limited is a registered charity and therefore is not liable to income or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.