REGISTERED COMPANY NUMBER: 12071715 (England and Wales) REGISTERED CHARITY NUMBER: 1185871
BEIS SHULOIM LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
BEIS SHULOIM LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 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 | 11 |
BEIS SHULOIM LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2025
TRUSTEES
J Hager A Langberg Z Roth Y Z Sterngold J Teitelbaum
COMPANY SECRETARY
REGISTERED OFFICE
J Teitelbaum 6 Grosvenor Way London United Kingdom E5 9NB
REGISTERED COMPANY 12071715 (England and Wales) NUMBER
REGISTERED CHARITY 1185871 NUMBER BANKERS Barclays Bank UK PLC Walthamstow 3 Leicestershire Leicester LE87 2BB
Page 1
BEIS SHULOIM LIMITED (REGISTERED NUMBER: 12071715)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2024.
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 the Orthodox Jewish faith; the advancement of education; the relief of poverty, and such other object as are for the benefit of the public and are charitable according to the laws of England and Wales.
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 pleased with the results of the year. Towards the end of the year the property was let and the trustees are hopeful of a regular flow of income.
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 were £327,033 ( 2024 - £350,338).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 26 June 2019.
Organisational structure
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.
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 16 April 2026 and signed on its behalf by:
J Teitelbaum - Trustee
Page 2
BEIS SHULOIM LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025
| 2025 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Investment income 2 26,200 EXPENDITURE ON Raising funds 3 42,895 Charitable activities 4 Grantmaking 3,600 Support 3,010 Total 49,505 NET INCOME/(EXPENDITURE) (23,305) RECONCILIATION OF FUNDS Total funds brought forward 350,338 TOTAL FUNDS CARRIED FORWARD 327,033 |
2024 Total funds £ - 4,048 10,200 2,043 16,291 (16,291) 366,629 350,338 |
|---|---|
The notes form part of these financial statements
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BEIS SHULOIM LIMITED (REGISTERED NUMBER: 12071715)
BALANCE SHEET 30 JUNE 2025
| Notes FIXED ASSETS Investment property 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS FUNDS 14 Unrestricted funds: General fund Fair Value Reserve TOTAL FUNDS |
2025 Total funds £ 4,972,593 2,635 (17,160) (14,525) 4,958,068 (4,631,035) 327,033 (69,085) 396,118 327,033 327,033 |
2024 Total funds £ 4,474,409 54,513 (1,561) 52,952 4,527,361 (4,177,023) 350,338 (45,780) 396,118 350,338 350,338 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.
The notes form part of these financial statements
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BEIS SHULOIM LIMITED (REGISTERED NUMBER: 12071715)
BALANCE SHEET - continued 30 JUNE 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 16 April 2026 and were signed on its behalf by:
J Teitelbaum - Trustee
The notes form part of these financial statements
Page 5
BEIS SHULOIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 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.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
Going concern
There are no material uncertainties about the charity's ability to continue.
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BEIS SHULOIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
2. INVESTMENT INCOME
| 2. INVESTMENT INCOME |
||
|---|---|---|
| 2025 Unrestricted funds £ Rents received 26,200 3. RAISING FUNDS Investment management costs 2025 Unrestricted funds £ Legal and professional 31,351 Insurance 4,576 Property repairs 5,743 Interest payable and similar charges 1,225 42,895 4. CHARITABLE ACTIVITIES COSTS Grant funding of activities Support (see note costs (see 5) note 6) £ £ Grantmaking 3,600 - Support - 3,010 3,600 3,010 5. GRANTS PAYABLE 2025 £ Grantmaking 3,600 The total grants paid to institutions during the year was as follows: 2025 £ Advancement of religion 3,600 The grant was made to Kupat Chaim V'Chesed |
2024 Total funds £ - |
|
| 2024 Total funds £ - 4,048 - - |
||
| 4,048 | ||
| Totals £ 3,600 3,010 6,610 2024 £ 10,200 |
||
| 2024 £ 10,200 |
||
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BEIS SHULOIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
6. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Support | 102 | 2,908 | 3,010 |
| Support costs, included in the above, are as follows: | |||
| Finance | |||
| 2025 | 2024 | ||
| Total | |||
| Support | activities | ||
| £ | £ | ||
| Bank charges | 102 | 116 | |
| Governance costs | |||
| 2025 | 2024 | ||
| Total | |||
| Support | activities | ||
| £ | £ | ||
| Independent examiner's fee | 600 | - | |
| Independent examiner's other fees | 1,320 | - | |
| General expenses | 988 | 367 | |
| Accountancy fees | - | 1,560 | |
| 2,908 | 1,927 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
8. AVERAGE STAFF NUMBERS
The average number of staff in the year was Nil (2024 - Nil)
9. INVESTMENT PROPERTY
| FAIR VALUE At 1 July 2024 Additions At 30 June 2025 NET BOOK VALUE At 30 June 2025 At 30 June 2024 |
£ 4,474,409 498,184 |
|---|---|
| 4,972,593 | |
| 4,972,593 | |
| 4,474,409 |
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BEIS SHULOIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
9. INVESTMENT PROPERTY - continued
The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the trustees who are considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same or similar locations.
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Other creditors (1) Accruals and deferred income 17,161 17,160 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 £ Bank loans (see note 12) 4,631,035 12. LOANS An analysis of the maturity of loans is given below: 2025 £ Amounts falling due in more than five years: Repayable otherwise than by instalments: Bank loans more 5 yrs non-inst 4,631,035 13. SECURED DEBTS The following secured debts are included within creditors: 2025 £ Bank loans 4,631,035 |
2024 £ 1 1,560 1,561 2024 £ 4,177,023 |
2024 £ 1 1,560 |
|---|---|---|
| 1,561 | ||
| 2024 £ 4,177,023 |
||
| 2024 £ 4,177,023 |
The bank loan is secured by a legal charge over the company's investment property.
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BEIS SHULOIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Fair Value Reserve TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Fair Value Reserve TOTAL FUNDS |
At 1.7.24 £ (45,780) 396,118 350,338 350,338 Incoming resources £ 26,200 26,200 At 1.7.23 £ (29,489) 396,118 366,629 366,629 |
Net movement At in funds 30.6.25 £ £ (23,305) (69,085) - 396,118 (23,305) 327,033 (23,305) 327,033 Resources Movement expended in funds £ £ (49,505) (23,305) (49,505) (23,305) Net movement At in funds 30.6.24 £ £ (16,291) (45,780) - 396,118 (16,291) 350,338 (16,291) 350,338 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | - | (16,291) | (16,291) |
| TOTAL FUNDS | - | (16,291) | (16,291) |
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BEIS SHULOIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
15. RELATED PARTY DISCLOSURES
Ezer Bekovoid Ltd is a related party having common trustees The amount owed to Ezer Bekovoid at the year end was £2,714,961 (2024 - £2,723,941).
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