**REGISTERED COMPANY NUMBER: CE027556 (England and Wales) REGISTERED CHARITY NUMBER: 1197049**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JANUARY 2026**
## **FOR**
## **SALOMAN FOUNDATION**
Brindley Jacob Chartered Accountants 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
**SALOMAN FOUNDATION**
**CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 JANUARY 2026**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|12|
|**Detailed Statement of Financial Activities**||13||
**SALOMAN FOUNDATION**
## **REPORT OF THE TRUSTEES for the Year Ended 31 JANUARY 2026**
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 January 2026. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Saloman Foundation is a grant making charity, for general charitable purposes, that seeks to award grants to organisations, specifically other charities or voluntary bodies for the advancement of charitable purposes. The funding priorities of Saloman Foundation include relieving poverty and financial hardship, and the advancement of health, including both physical and mental well being.
Saloman Foundation is focused, inter alia, on assisting other UK based charities supporting those suffering from cancer or physical disabilities, charities carrying out research into the prevention and treatment of cancer, charities assisting disadvantaged children and teenagers, and charities assisting those suffering from emotional or psychological trauma. Where appropriate, it also seeks to help smaller charities where its donation will make a real difference.
## **Public benefit**
The trustees are aware of the Charity Commission's guidance on public benefit reporting as set out in Section 4 of the Charities Act 2011. The trustees believe that the charity will achieve a public benefit through the above stated objectives.
## **Grantmaking**
The charity's policy is to act in accordance with its constitution which enables grants and donations to be made from both income and capital. Saloman Foundation seek initiatives and projects which support : the young, the sick , the disadvantaged, and those suffering from emotional or psychological trauma. Trustee meetings to determine grant activity are held at least biannually.
It favours UK based charities registered with the Charities Commission operating in medical research, support for those suffering from trauma, and Jewish organisations (but not at the exclusion of others). Saloman Foundation is open to grant applications from both established larger organisations and from smaller newly established charities.
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**SALOMAN FOUNDATION**
## **REPORT OF THE TRUSTEES for the Year Ended 31 JANUARY 2026**
## **ACHIEVEMENTS AND PERFORMANCE**
Saloman Foundation made 20 (2025 : 13) grants in the year, all to UK based registered charities in line with Saloman Foundation's objectives and grant making policy.
Grants were made to the following 19 UK registered charities (2 grants to Respite Association):
- UKSPNI , UK Charity Number 327268 Supporting the Living Trail conservation project proposed for the Western Negev region in Southern Israel.
- Spencer Dayman Meningitis Research, UK Charity Number 1202202 Research into the development of a rapid
- diagnostic test kit to detect a range of bacterial diseases including meningitis and sepsis.
- Highgate School, UK Charity No 312765 Supporting provision of education for disadvantaged students at London Academy of Excellence Tottenham.
- Generation 2 Generation, UK Charity Number 1187255 Training and provision of Holocaust speakers to schools and other organisations.
- Aspire UK, Charity No 1075317 Supporting independent living project for those with spinal injuries.
- St Luke's Hospice, UK Charity No 922448 Purchase of sofa beds for hospice patient centre.
- North London Hospice, UK Charity No 285300 Provision of palliative and end of life care.
- Lennox Children's Cancer Fund, UK Charity Number 1011325 Provision of counselling packages to help families process the trauma of a cancer diagnosis.
- Ovarian Cancer Action, UK Charity No 1109743 Supporting Ovarian Cancer Research Centre at Imperial College.
- The Respite Association, 2 grants to this charity, UK Charity No 1193232 Support of carers and provision of respite
- care.
- Jigsaw South East, UK Charity Number 1147696 Support of bereaved children and young people facing the death of a loved one.
- Norwood Ravenswood, UK Charity Number 1059050 Provision of weekly groups to support families with neurodivergent children. - East Anglia's Children's Hospice, UK Charity No 03550187 Provision of specialist equipment for children with life threatening illnesses.
- Crackerjacks Children's Trust, UK Charity Number 1146586 Provision of specialist equipment for children with disabilities, learning difficulties and other special needs.
- Handicapped Children's Action Group, UK Charity Number 1015438 Provision of specialist equipment for children with disabilities, learning difficulties and other special needs.
- Community Security Trust, UK Charity Number 1042391 Countering the escalating online threat of digital extremism and to prevent future acts of terrorism.
- Well Child, UK Charity Number 289600 Provision of a family day out for 35 to 40 families with a disabled child.
- Haven House, UK Charity Number 1044296 Supporting yoga therapy project for seriously ill children and their young siblings.
- Noah's Ark Childrens Hospice, UK Charity Number 1081156 Provision of specialist equipment needed by clinical and holistic care teams to help seriously ill babies, children and young people and their families.
## **FINANCIAL REVIEW**
## **Reserves policy**
Saloman Foundation intend to apply income by the award of grants in pursuit of it's charitable objectives, whilst maintaining capital reserves for more significant medium term projects, and to generate income in future years. At the balance sheet date net cash balances amounted to £439,546 (2025 : £3,573,684).
## **Going concern**
After making appropriate enquiries, the directors have a reasonable expectation that the charity has sufficient resources to continue operations for the foreseeable future. For this reason the going concern basis is adopted in preparing the financial statements.
## **FUTURE PLANS**
Saloman Foundation has established a low risk investment portfolio with LGT to support its ongoing grant making activity, particularly in relation to supporting the young, the sick , the disadvantaged, and those suffering from emotional or psychological trauma. The charity seeks to maximise the impact of its grant making activity whilst expending interest or investment revenue received during the accounting period.
Page 2
**SALOMAN FOUNDATION**
## **REPORT OF THE TRUSTEES for the Year Ended 31 JANUARY 2026**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
New trustees are appointed for a period of 5 years. The power of appointing a new trustee or trustees hereof shall be vested in a majority in number of trustees. The charity will make available to any new charity trustee, a copy of its current constitution, a copy of its latest Trustee's annual report and statement of accounts, and copies of all relevant policies.
## **Key Management Remuneration**
The Trustees are considered the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. All trustees give their time freely and no trustee received remuneration during the year.
## **Risk Management**
The trustees regularly undertake a review of the major risks to which the charity is exposed. In so doing, the charity has incorporated a series of financial controls, including limits on transfers from bank accounts, regular review of bank statements, review of partner accounts, and comprehensive background due diligence on organisations before grants or donations are offered.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
CE027556 (England and Wales)
## **Registered Charity number**
1197049
## **Registered office**
29 Etchingham Park Road Finchley London N3 2DU
## **Trustees**
P N Neumann Chair M L Sherman Ms S Cao
## **Company Secretary**
P N Neumann
## **Independent Examiner**
Brindley Jacob Chartered Accountants 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
## **Bankers**
Natwest 250 Bishopsgate London EC2M 4AA
## **STREAMLINED ENERGY AND CARBON REPORTING**
The Charity's energy consumption was under 40,000 kWh and so is exempt from any reporting requirement.
04/14/2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 3
**SALOMAN FOUNDATION**
**REPORT OF THE TRUSTEES for the Year Ended 31 JANUARY 2026**
## P N Neumann
........................................................................ P N Neumann (Apr 14, 2026 18:30:49 GMT+8) P N Neumann - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SALOMAN FOUNDATION**
## **Independent examiner's report to the trustees of Saloman Foundation ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2026.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Maurice Brindley BSc FCA
Brindley Jacob Chartered Accountants 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
04/14/2026 Date: .............................................
Page 5
**SALOMAN FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 JANUARY 2026**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Grants issued
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.1.26
Unrestricted
fund
£
158,896
72,340
231,236
6,934
150,000
690
157,624
16,064
89,676
3,584,591
3,674,267|31.1.25
Total
funds
£
2,967,714
59,425|
|---|---|---|
|||3,027,139|
|||-
51,015
600|
|||51,615|
|||-|
|||2,975,524
609,067|
|||3,584,591|
The notes form part of these financial statements
Page 6
## **SALOMAN FOUNDATION**
## **BALANCE SHEET 31 JANUARY 2026**
|Notes
**CURRENT ASSETS**
Debtors
8
Investments
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|31.1.26
Unrestricted
fund
£
29,614
3,205,707
439,546
3,674,867
(600)
3,674,267
3,674,267
3,674,267
3,674,267
3,674,267|31.1.25
Total
funds
£
11,507
-
3,573,684
3,585,191
(600)
3,584,591
3,584,591
3,584,591
3,584,591
3,584,591|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.
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 04/14/2026 ............................................. and were signed on its behalf by:
## P N Neumann
............................................. P N Neumann (Apr 14, 2026 18:30:49 GMT+8) P N Neumann - Trustee
The notes form part of these financial statements
Page 7
**SALOMAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 JANUARY 2026**
## **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 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.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.1.26|31.1.25|
||£|£|
|Deposit account interest|67,272|59,425|
|Curr asset inv income|5,068|-|
||72,340|59,425|
continued...
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**SALOMAN FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 JANUARY 2026**
## **3. RAISING FUNDS**
## **Investment management costs**
||**Investment management costs**|||
|---|---|---|---|
|||31.1.26|31.1.25|
|||£|£|
||Support costs|6,934|-|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||31.1.26|31.1.25|
|||£|£|
||Independent examiners fee|600|-|
|**5.**|**AUDITORS' REMUNERATION**|||
|||31.1.26|31.1.25|
|||£|£|
||Fees payable to the charity's auditors for the audit of the charity's financial|||
||statements|-|600|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 January 2026 nor for the year ended 31 January 2025.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 January 2026 nor for the year ended 31 January 2025.
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Grants issued
Other
**Total**
**NET INCOME**|Unrestricted
fund
£
2,967,714
59,425|
|---|---|
||3,027,139|
||51,015
600|
||51,615|
||2,975,524|
continued...
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**SALOMAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 JANUARY 2026**
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**9.**
**CURRENT ASSET INVESTMENTS**
Listed investments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**11.**
**MOVEMENT IN FUNDS**
At 1.2.25
£
**Unrestricted funds**
General fund
3,584,591
**TOTAL FUNDS**
3,584,591
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
231,236
(157,624)
**TOTAL FUNDS**
231,236
(157,624)||31.1.26
£
29,614
31.1.26
£
3,205,707
31.1.26
£
600
Net
movement
in funds
£
89,676
89,676
Gains and
losses
£
16,064
16,064|||Unrestricted
fund
£
609,067|
|---|---|---|---|---|---|
||||||3,584,591|
||||||31.1.25
£
11,507
31.1.25
£
-
31.1.25
£
600
At
31.1.26
£
3,674,267
3,674,267
Movement
in funds
£
89,676
89,676|
|||||||
|||||||
|||||||
continued...
Page 10
**SALOMAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 JANUARY 2026**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.2.24
£
**Unrestricted funds**
General fund
609,067
**TOTAL FUNDS**
609,067
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
3,027,139
**TOTAL FUNDS**
3,027,139|Net
movement
in funds
£
2,975,524
2,975,524
Resources
expended
£
(51,615)
(51,615)|At
31.1.25
£
3,584,591|
|---|---|---|
|||3,584,591|
|||Movement
in funds
£
2,975,524|
|||2,975,524|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.2.24
£
609,067
609,067|Net
movement
in funds
£
3,065,200
3,065,200|At
31.1.26
£
3,674,267|
|---|---|---|---|
||||3,674,267|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
3,258,375
**TOTAL FUNDS**
3,258,375|Resources
expended
£
(209,239)
(209,239)|Gains and
Movement
losses
in funds
£
£
16,064
3,065,200
16,064
3,065,200|
|---|---|---|
continued...
Page 11
**SALOMAN FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 JANUARY 2026**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 January 2026.
Page 12