COMPANY REGISTRATION NUMBER: 03777848 CHARITY REGISTRATION NUMBER: 1087224 Beenstock Home Management Co. Ltd Company Limited by Guarantee Financial Statements 31 March 2025 G A HARRIS & CO LIMITED Chartered accountants & statutory auditor Brulimar House Jubilee Road Middleton Manchester England M24 2LX
Beenstock Home Management Co. Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, & strategic annual report (incorporating the directors, report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) 11 Statement of financial position 12 Statement of cash flows 13 Notes to the financial statements 14
Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees. & Strategic Annual Report (Incorporating the Directors, Report) Year ended 31 March 2025 The twstees, who are also the directors for Ihe purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Beenstock Home Management Co. Ltd Charity registration number 1087224 Company registration number 03777848 Principal office and registered Brulimar House office Jubilee Road Middleton Manchester M24 2LX England The trustees Mordechai Halpem Hoseas Avigdor Friedlander Navah Kestenbaum Auditor G A Harris & Co Limited Chartered accountants & statutory auditor Bwlimar Housè Jubilee Road Middleton Manchester England M24 2LX
Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees. & Strategic Annual Report (Incorporating the Directors, Report) (Continued) Year ended 31 March 2025 Structure, governance and management Beenstock Home Management Co. Ltd is constituted by Memorandum and Articles of Association and is a company limrted by guarantee. It was incorporated on 26 May 1999 as a company and the company number is 3777848. The Memorandum and Articles of Association were amended by Special resolulion on 17 March 2001. 11 wa5 registered as a charty on 28 June 2001 wrth the charity numbèr being 1087224. Recrurtment and appointment of new trustees would be in line with the Trust Deed and wrth 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. The home manager Mrs S. Neumann is CEO and responsible for day to day affairs on behalf of the trustees. Mrs Huppert assists with bookkeeping and internal financial controls. Mrs Neumann and Mrs Huppert are accountable to the trustees who ultimately have legal responsibility for the overall management and control of the charity and meet regularty. AFI major decisions are taken collectively by the trustees and all the trustees give of their time freety. 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 15 the sole domain of the Irustees. The truslees of the charity are legalty responsible for the overall management and control of the charity and meel regularly. A management committee which includes the trustees, user representatives, volunteers and staff representatives meet monthly to review financial and performance reports. The committee has delegated responsibility for scrutiny and strategic planning.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees, & Strategic Annual Report (Incorporating the Directors, Report) {continuedJ Year ended 31 March 2025 Objectives and activities The objects of the charity are to relieve elderly persons of the Orthodox Jewish faith, in particular those resident in the North West of England, by the provision of housing. and other services and facilities are calculated to provide the need of such persons. The main activities are the provision of residential care, nursing care, supported independent living units, domiciliary care, recreational activtties for both residents. tenants and local elderly people. All activities are provided VAthin an Orthodox Jewish framework. Public benefrt The trustees confinn that they have referred to the guidance contained in the Charity Commission's general guidance on publi¢ beneftt when reviewing the charity's aims and objectives and in planning future activities and settin9 grant making policy for the year. The trustees have regard to Ihe public benefit duty of the charty and consider this is met by the activities of the Gharily. In particular benefit is received by the elderly vulnerable population.. -Funding offered by a local authority to pay for a place in the care home. -People who are unable to pay receive parlicular benefit from charitable funds. -Housing benefit and social care packages to cover the cost of supported accommodation and domiciliary care costs. -Local people who are elder and in need. but living in their own homes, join for organised recreational activities in Ihe care home. -Nursing, CHC. -Providing respite care funded through NHS. -Provisions of activities through the chartties stated aims and objectNes. The trustees measure the success of achieving the stated aims by enhancing the value ofthe life of the individuals who live at the home. The trustees consider they have met their aims successfully this year. Strategic report The following sections for achievements and performance and financial review form Ihe strategic report of the charty.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees, & Strategic Annual Report (Incorporating the Directors. Report) Icontinuedj Year ended 31 March 2025 Achievements and perfomiance The charity received £62.140 (2024= £222.7801 in donations and grants during the year. The charity also received £222.157 (2024. £179.853) In rent receivable as well as £1,625,919 {2024.' £1.640,5411 for charitable activities in respect of nursing home services. The charity spent £1;972.656 12024- £1.959.824) on costs associated with services al the nursing home as well as grant knnding, support and govemance cosls. These costs are in line with the objects of the charity The charity has governance costs comprising professional fees. There were no material fundraising costs during the year Related paty transactions in the reporting period are as disclosed in the notes to the accounts. There was an overall deficit of resources for the year amounting to £67.481 (2024 Surplus- £90,197.) The Trustees believe that the level of reserves brought forward of the charity are sufficient to absorb the deficit in the year. The trustees and management of the home have idenknfied that new residents can only come in to the horne after a financial care plan has been agreed. this will ensure that the bad debts the charity incurred previously are not repeated. Occupancy rates remain high and the control of overheads especially wages is monitored by the trustees and as little agency staff as possible are utilised. The health and wellbeing of the residents is paramount, lessons have been learned from the spread of covid. The receipts of a grant from the sports council during the year has also allowed additional mobility activities to take place within the home_ Demand for the home seNices remains strong, the home maintains a small number of vacancies to cater for emergencies within the community.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees. & Strategic Annual Report (Incorporating the Directors. Report) (conb"nued) Year ended 31 March 2025 Financial review The Irustees and management of the Beenstock Home are happy to report another year of improvements during the year 31st March 2025. The total number of registered nursing beds is 32. and 10 sheltered flats. This continues our strategy of shifting Servi delivery lo a more fragile and dependent client group. The new care beds are all on the second floor and the rooms are seniiced by the new loungelkitchenette which we built previously. Service users have a comfortable space for socialising and light meals. We now provide high qualtty elderfy care including end of lrfe care in an environment that is consistent wrth the Jewish values of our Home. Key care staff completed the six steps end of life care programme which is the new gold standard for end of lrfe care. We have designed bespoke care plans for Beenstock lo reduce costs and lo improve standards. of care planning. They are person centred and cutturally appropriate. Our ability lo now accommodate full end of life care at a very high standard is a considerable achievement. This has included some innovative approaches with our district nursing team to be able to provide subcoelaneous fluids and glucose. As a charitable care home. we are pleased to have been abk to subsidise a number of our residerrts who have very limrted ability to Cover the top Ups. It is our hope that as our financial position improves we can conlinue to offer these subsidie5 when needed. The trustees feel the services delivered by the Beenstock Home Managernent Co. Ltd have been of high standard and this has been evidenced through both Local Authority and CQC inspections. After the end of the year there was a CQC visit which gave the care home an outstanding rating. The charity has managed reasonably well in a difficult financial environment. Thè Home is anticipaling the situation will improve yet further through-the increase in care beds and anticipated fundraising. The truslees feel that the acttvty reflects the profile and standing within the local communty. The impact for future year's expenditure is self evident and the trustees would like to record their appreciation for all the financial support reiVed from benefactors during the course of the year. The Trustees believe that the financial viability of the home going forward is 5UStainable. Trustees. responsibilities statement The trustees: who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Unrted Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charilable company and the incoming reSoUrS and application of resources, including the income and expendrture, for that period.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees, & Strategic Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 March 2025 In preparing these financial statements, the trustees are required to-. select surtable accounting policies and then apply them consistently- observe the mèthtads and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless li is inappropriale to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactKJns and disclose Vth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this report Gonfimis that.. so far as they are aware. there is no relevant audit infomiation of which the charity's auditor is unaware,. and they have taken all steps that they ought to have taken as a twstee to make themselves aware of any relevant audit infomiation and to establish that the charitWs auditor is aware of that information. The trustees, & strategic annual report {incorporating the directors, report) and the strategic report were approved on 29 January 2026 and signed on behalf of the board of trustees by.. Hoseas Avigdor Friedlander Trustee
Beenstock Home Management Co. Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Beenstock Home Management Co. Ltd Year ended 31 March 2025 Opinion We have audited the financial statement5 of Beenstock Home Management Co. Ltd (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement offinancial posrtion. statement of cash flows and the related notes, including a summary of signrficanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a twe and fair view of the state of the charrty's affairs as at 31 March 2025 and of tts incoming resources and application of resour$. including ils income and expenditure, for the year then have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We Conducted our audit in accordance with Intemational Standards on Auditing {UK) {ISAs {UK}l and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilitie5 for the audil of the financial Statements section of our report. We are independent of the charity in accordance with the elhical requirements that are relevant lo our audtt of the financial statements in the UK, including the FRC s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audrt eviden vie have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going coneem In auditing the financial statements, we have conduded thatthe tru5tees' use of the going ccncern basis of accounting in the preparation of the financial ststemenls is appropriate. Based on the work we have performed. we have not identtfied any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charty's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilrties of Ihe trustees with respect to going concern are described in the relevant sections of this report.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Independent Auditorfs Report to the Members of Beenstock Home Management Co. Ltd {¢ontiAueaJT Year ended 31 March 2025 Other infomiation The other informalion comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection wth our audit of the financial ststements, our responsibilily is to read the other information and, in doing so, consider whether the other infomiats'on is materially inconsislent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistenaes or apparent material misststements, we are required to determine whether there is a material misststemenl in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that there is a material misstaternent of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course ofthe audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the twstees, report has been prepared in accordance wtth applicable legal requirements. Matters on whlch we are required to report by exceplion In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatements in the trustees, report. We have nothing lo report in respect of the follcwing matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have nat been received from branches not Vistted by us, or the financial statements are not in agreement Wtth Ihe accounting records and rèturns., or certain disclosures of trustees. remuneration spectfied by law are not made,. or we have not recerved all the infomiation and explanations we require for our audit.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Independent Auditorfs Report to the Members of Beenstock Home Management Co. Ltd {¢ontinuedJ Year ended 31 March 2025 Responsibilities of trustees As explained more fully in the trustees. Tesponsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misslatement. whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charty's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the tnJstees either intend to liquidate the charity or to cease operations, or have no realistic allemalive but to do so. Auditor's responsibllities for the audit of Ihe financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran, but is not a guarantee that an audit conducted in accordance wrth ISAS (UK) will always detecl a malerial misstatement when it exists. Mi55tatements can arise from fraud or error and are Considered material if. individually or in the aggregate, they could reasonabty be expected to Influen the economic decisions of users laken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to dètect material misstatemenls in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We obtained an understanding of the legal and regulatory framewotl( that the Beenstalk Home Management Co. LTD opefales in, and identified Ihe key laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the UK Companies Act and tax legislation,. and do not have a direct effect on the financial slatements but compliance with which may be fundamental to the charrtable company's ability to operate or to avoid a material penalty. As the Beenslalk Home Management Co. LTD is classed as a small entty and has informed management we have made use ofthe ethical standards ES-PASE exemption. As part of an audit in accordance wtth ISAS (UK), we exeruse professional judgment and maintain professional scepticism throughout the audrt. We a150- Identfy and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsrve to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of nol delecling a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery, inlentional omissions, misrepresent8tions. or the override of inlernal control. Obtain an understanding of internal control relevant to the audit in orderto design audit procedures that arè appropriate in the circumstsnces. but not for the purpose of expressing an opinion on the effectiveness of the intemal control.
Beenstock Home Management Co. Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Beenstock Home Management Co. Ltd (¢onllnueoJT Year ended 31 March 2025 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast sign[fant doubt on the charity's abiltty to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report lo the related discfosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our aud¢tor's report. However. future events or conditions may cause the charity to cease to continue a5 a going cOnrn. Evaluate the overall presentation. strudure and content of the financial statements, including the disclosures, and whether the financial statements represent the underfying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and signfficant audrt findings, including any sHJnificant defioencies in internal control that we identsfy during our audit. Use of our report This report is made solely to the charty's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Gharity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibilty to anyone other than the charrty and the charity's members as a body, for our audti work. for this report, or for the opinions we have fonned. Gary Harris (Senior Statutory Auditor) For and on behalf of G A Harris & Co Limtted Chartered accountants & statutory auditor Brulimar House Jubilee Road Middleton Manchester England M24 2LX 29 January 2026 10
Beenstock Home Management Co. Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestricted fvnds Total funds Note Income and endowments Donations and legacies Charitable activities Investmènt income 62,140 1.848.076 758 62.140 1.848,076 758 283,680 1,820.394 1,047 Total income 1,910,974 1,910,974 2,105,121 Expenditure Expenditure on charttable adrvrties Total expenditure 1,972,656 5,799 1,978,455 2,014,924 1,972.656 5.799 1.978,455 2,014,924 Net (expenditure)lincome and net movement in funds (61,682) (5,799) (67,481) 90.197 Reconciliation of funds Total funds brought fornard Total funds carried forward 412.876 5,799 418,675 328,479 351,194 351,194 418,675 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The noles on pages 14 to 22 fomi part of these flnancial statemerrts. 11
Beenstock Home Management Co. Ltd Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 15 251,650 302,140 Current assels Debtors Cash at bank and in hand 16 199.864 122,032 94,626 103.684 321,89S 198,310 Creditors: amounts falling due within one year Net current assets 17 222,352 81,774 99,544 116,536 Total assets less current liabllities 351,194 418,676 Net assets 351,194 418,676 Funds of the charity Restricted fu nds Unrestricted funds 5,799 412,876 351,194 Total charity funds 19 351,194 418,675 These financial statements were approved by the board of trustees and authorised for issue on 29 January 2026, and are signed on behalf of the board by.. Hoseas Avigdor Friedlander Trustee The notes on pages 14 to 22 fonn part of these financial ststements. 12
Beenstock Home Management Co. Ltd Company Limited by Guarantee Statement of Cash Flows YÈar ended 31 March 2025 2025 2024 Cash flows from operating activities Net {expenditure}Iin¢ome 167,481 } 90,197 Adjustments for Depreciation of tangible fixed assets other interest receivable and similar income Accrued expenses1{inrneI 61,271 (7581 19,558 61,204 (1,047) 114,0801 Changes in." Trade and other debtors Trade and other creditors (115,706} 131,488 132,727} 138,752} Cash generated from operations 28,372 64,795 Inlerest receFved 758 1,047 Net cash from operating activities 29,130 65,842 Cash flows from investing activities Purchase oftangible 2ssels Net cash used in investing activtties (10,781} (10,781) (8,964) (8,964) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 18,349 103,684 56,878 46,806 122,033 103,684 The notes on pages 14 to 22 forni part of these financial stalements. 13
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General inforniation The chartly is a public benefft 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 Brulimar House. Jubilee Road. Middleton. Manchester, M24 2LX. England. Statement of compliance These financial statements have been prepared in compliance viith FRS 102, 'The Financial Reporling Standard applicable in the UK and the Republic of Ireland,. the Statement of Rècommended Practice applicable to chariiies 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. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The occupancy rates ofthe care home remain high and the care home seniices remain in demand. Informed management are CQDtrolling costs wherever possible. Grant applications continue successfully and the communty fully supports the continuation of the care home which is a registered charty. There are no material reasons, with the level of unrestricted reserves that the charity has available. to cast doubl on the ability of the charity to continue as as a going concem for the foreseeable fuiure. Judgements and key sources of esttmation uncertainty In the application of the charity's accounting policies, management and Iruslees are required to make significant judgements, about the carrying value of assets and liabilities that sre not readily apparent from other sources. Such judgements relate to the treatment of assert purchases and if they are of a caprtal or revenue1rep1arnent nature. Management and trustees will use their knowledge and experience of the Home to ensure such judgements are fair and consistent with previous judgements of the same category of assets and liability. They are also required to make significant estimates 8nd underlying assumptions relating to depreciation. prepayments. accruals and bad debt provisions, which are reviewed on an on-going basis. Revisions to aetounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both the current and future periods. The estimates and associated assumptions are based on on on historical experience and other factors that are considered to be relevant. Actual iesults may drffer from these estimates. 14
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements Icontin£ Year ended 31 March 2025 Accounting policies (continuedj Fund aGGounting Unrestricted funds are available for use at the discretion of the trustees lo further any of the charity's purposes. Restricted funds are subjected to restrictions on theirexpenditure declared by the donoror through the terms of an appeal. and fall into one of fvrfo sub-dasses.. restricted income funds or endowment funds. Incoming resources All incorning reSoUrS are included in the statement of financial activities when entitlement has passed lo 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 specifi'c policies 8re 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 tts amounl can be measured reliabty. legacy income is recognised when receipt is probable and entitlement 15 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 rf the value can be reliably measured. No amounts are included for the contnbution of general volunteers. incijme from contracts for the suppty of services is recognised wtth the delivery of the conlracled seNice. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and fetumed if unspent, in which case it may be regarded as restricted. 15
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (continue ResourGes expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classifEd 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 Ihat further its charttable 2ims for the benefrt of its beneficiaries, including those support costs and costs relating to the govemanGe of the charity apportioned to charitable activities. other expendilure includes all expenditure that is neither related to raising funds forthe charity nor part of tts expenditure on charitable actrvrties. All costs are allocated lo expenditure categories reflecting the use of the resource. Direcl costs attributable to a single activity are allocated directty 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 cosl, and subsequently stated at cosl less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to wrrte off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follow5- Fixtures and fittings Buiklin9 improvements 200A reducing balance 1 OYO Straight line 100A straight line 15% reducing balance Sefar Torah Defined contrlbution plans Contributions to defined contribution plans are recognised as an expense in the period in which tho relaled service ig provided. Prepaid contributions a reGognised as an a55et to the extenl Ihat the prepayment will lead to a reduction in future payments or a cash refund. Limited by guarantee The Beenstock Home Management Co. Ltd is a registered charity and a company limited by guarantee and does not have a share capital. In the event ofthe charity being wound up members are required to contribute an amount nol exceeding £10. 16
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements Icontinued) Year ended 31 March 2025 Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations 16,512 16.512 Grants Grants receivable Commission received 44,428 1.200 44,428 1,200 62,140 62,140 Unrestrided Funds Restricted Total Funds Funds 2024 Donation5 Donations 204.220 204,220 Grants Grants receivable Commission received 18.560 60,900 79,460 222,780 60,900 283,680 Charitable activfties Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Continuing care- NHS Domiciliary care Residential care Respite care Social Security resident -Salford Cty Council Supported independant living flats- meals Rent receivable Misc. income 294.053 81,037 228,426 36,543 294,053 81,037 228,426 36,543 251,831 62,418 366,994 39,291 251.831 62,418 366,994 39.291 877,382 877,382 825.868 825.868 107,528 222,157 950 107,528 222,157 950 93,939 179.853 200 93,939 179,853 200 1,848.076 1,848,076 1,820,394 1,820,394 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 758 758 1,047 1,047 17
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 March 2025 Expenditure on charitable aclivltles by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Operating costs Support costs 1.878,845 93,811 5,799 1,884,644 93.811 1.972.656 5.799 1,978,455 Unrestricted Funds Restricted Total Funds Funds 2024 Operating costs Support costs 1.876,388 83,436 1,959,824 48,780 6,321 55.101 1,925,168 89,756 2,014,924 Expenditure on charitable activities by actlvity type Activities undertaken directly Support Total funds costs 2025 Total fijnd 2024 Operating costs Governance costs 1.884.644 87.353 6,458 1,971,997 6,458 1.978,455 2.008,985 5,939 2,014,924 1,884.644 93.811 10. Analysis of support costs Analysis of support cost5 actimty 1 Total 2025 Total 2024 Staff costs General office Govemance costs 86.303 1,050 6,458 93.811 86,303 1,050 6,458 82,252 1,564 4,981 93,811 88.797 11. Net (expenditureyincome Net (expenditure)Iincome is ststed after chargingi{crediting)." 2025 2024 Depreciation of tangible fixed assets 61,271 61,204 18
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements fcontinuedj Year ended 31 March 2025 12. Auditors remuneration 2025 2024 Fees payable for the audit of the financial statements 4,800 4,800 13. Staff costs The total staff costs and employee benefrts for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 1,280,648 103,551 18,648 1,402,847 1,209,852 78,248 18,928 1.307,028 The average head count of employees durrng the year was 58 {2024.' 60). The average number of full-lime equivalent empksyees during the year is analysed as follows.. 2025 2024 Number of carers Number of nurses Number of administrative staff Number of Housekeepers and kitchen staff 33 33 12 58 60 No employee received employee benefits of more than £60.000 during the year (2024.. Nil}. 14. Trustee remuneration and expenses No remuneration or other benefrts from employment with the charity or a related entity were received by the trustees. 19
Beenstock Home Management Co. Ltd Company Limited by Guarantee Note5 to the Financial Ststements (¢onfinuedJ Year ended 31 March 2025 15. Tangible fjxed assets Fixtures and fittings Building improvemen ts Sefer Torah Total Cost At 1 April 2024 Additions 320,577 10.781 197.819 301,638 30.000 850,034 10,781 At 31 March 2025 Deprecialion At 1 April 2024 Charge for the year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 331,358 197,819 301,638 30.000 860.815 288.549 8.561 118,218 19,782 129.551 30.164 11,576 2.764 547,894 61.271 297.110 138.000 159,715 14,340 809, 165 34,248 59,819 79,601 141,923 15,660 251,650 32,028 172,087 18.424 302,140 16. Debtors 2025 2024 Trade debtors Accrued income Other debtors 184,660 7.278 7,926 69.468 17.746 7,412 199,864 94,626 17. Creditors." amounts falling due within one year 2025 2024 Trade creditors Accrua15 and deferred income Social security and other taxes Other creditors 26,474 153,751 35,862 6.265 31,180 35,754 11,296 3.544 81,774 222,352 18. Pensions and other post retlrement benefits Defined contribution plans rhe amount recognised in income or expenditure as an expense in relation to defined contribLrtion plans was £18,648 (2024: £18,928). 20
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements {conlinuedJ Year ended 31 March 2025 19. Analysis of charitable funds Unrestricted funds At 1 Aprtl 2024 At 31 March 20 25 Income Expenditure General funds 412,876 1,910,974 (1,972.656) 351.194 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 328,479 2,1)44.221 (1,959,824) 412,876 Restricted funds At 1 April 2024 At 31 March 20 25 Incom& Expenditure Delapage Grant Sport England 3,564 2,235 (3.564) (2.235) (5,799) 5,799 At 1 April 2023 At 31 March 20 24 Income Expenditure Delapage Grant Sport England 50,000 10,900 60.900 {46,436) (8,665) {55,101) 3,564 2,235 5,799 21
Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements f¢on¢in1d) Year ended 31 March 2025 20. Analysls of net assels between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 251,650 321,896 (222,352) 351,194 251,650 321,898 1222,3521 351,194 Unrestrtcted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 302,140 198,310 {81,774) 302,140 198,310 (81,774) 418,676 418,676 21. Analysis of changes in net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 103.684 18,348 Cash at bank and in hand 122,032 22. Related parties The building the Home occupies is owned by Agudas Israel Housing Association (AIHA). AIHA are registered with Ihe Regulator of S¢xial Housing under the Housing and Regeneration Act 2008 {Nn.LH3673) and is a charty registered under the Co-operative and Communty Benefit Societies Act 2014 (No.23535R). A management agreement betsveen the AIHA and the charity is for rent of the buildinglHome. Rent per annum is £36,400. paid quarterty. 22