| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| SILVERQUOTE LIMITED |
| (A COMPANY LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| SILVERQUOTE LIMITED |
| (A COMPANY LIMITED BY GUARANTEE) |
| REPORT OF THE TRUSTEES AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| SILVERQUOTE LIMITED |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 8 |
| SILVERQUOTE LIMITED |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| TRUSTEES |
| COMPANY SECRETARY | Mrs T Lipschitz |
| REGISTERED OFFICE |
| REGISTERED COMPANY NUMBER |
| REGISTERED CHARITY NUMBER |
| BANKERS |
| London |
| E1 1BJ |
| SILVERQUOTE LIMITED (REGISTERED NUMBER: 01734425) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 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 2025. 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 aims |
| The objects of the charity are the advancement of religion in accordance with the Orthodox Jewish Faith and the relief of poverty. |
| The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| The trustees are satisfied with the results of the year. |
| FINANCIAL REVIEW |
| 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 £488,899 (2024 - £480,784). |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Constitution |
| The charity is constituted as a company limited by guarantee, incorporated on 24 June 1983 and is governed by its Memorandum and Articles of Association, |
| Organisational structure |
| The day-to-day affairs of the company are administered by the trustees. 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 confirmed that there are no major risks to which the charity is exposed. |
| 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 |
| SILVERQUOTE LIMITED |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 2 |
| Total |
| EXPENDITURE ON |
| Charitable activities | 3 |
| Total |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 480,784 |
| SILVERQUOTE LIMITED (REGISTERED NUMBER: 01734425) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Total | Total |
| funds | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS |
| Unrestricted funds: |
| General fund | 488,899 | 480,784 |
| TOTAL FUNDS | 480,784 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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. |
| SILVERQUOTE LIMITED (REGISTERED NUMBER: 01734425) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| 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 |
| SILVERQUOTE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 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 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. |
| 2. | INVESTMENT INCOME |
| 2025 | 2024 |
| Unrestricted | Total |
| funds | funds |
| £ | £ |
| Deposit account interest |
| Loan interest | 4,250 | 4,250 |
| SILVERQUOTE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 3. | CHARITABLE ACTIVITIES COSTS |
| Grant |
| funding of |
| activities | Support |
| (see note | costs (see |
| 4) | note 5) | Totals |
| £ | £ | £ |
| Grantmaking | 3,881 | - | 3,881 |
| Support | 36 | 1,077 | 1,113 |
| 3,917 | 1,077 | 4,994 |
| 4. | GRANTS PAYABLE |
| 2025 | 2024 |
| £ | £ |
| Grantmaking | 3,881 | 6,796 |
| Support | 36 | - |
| 3,917 | 6,796 |
| The total grants paid to institutions during the year was as follows: |
| 2025 | 2024 |
| £ | £ |
| Advancement of religion | - | 2,180 |
| Advancement of education | 1,169 | 1,868 |
| Relief of poverty | 1,560 | 2,616 |
| Social welfare | 1,084 | 132 |
| Medical | 104 | - |
| 5. | SUPPORT COSTS |
| Governance |
| Other | costs | Totals |
| £ | £ | £ |
| Support | 83 | 994 | 1,077 |
| Support costs, included in the above, are as follows: |
| Other |
| 2025 | 2024 |
| Total |
| Support | activities |
| £ | £ |
| Bank charges | 83 | (115 | ) |
| SILVERQUOTE LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | SUPPORT COSTS - continued |
| Governance costs |
| 2025 | 2024 |
| Total |
| Support | activities |
| £ | £ |
| Accountancy fees | 960 | 960 |
| General expenses | 34 | - |
| 994 | 960 |
| 6. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| 7. | AVERAGE STAFF NUMBERS |
| The average number of employees during the year was Nil (2024 - Nil) |
| 8. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trustees' account |
| Accruals and deferred income |
| 10. | RELATED PARTY DISCLOSURES |
| A loan was made to a company in which a trustee has a connection. Interest received in the year was £4,250 (2024 - £4,250). The balance due to the charity at the balance sheet date was £170,000. |