COMPANY REGJSTRA TION NUMBER: OIIK121K)8 CHARITY REGISTRATION NUMBER.. 262185 BALSTRAW LIMITED CoDipany Llmited by Guarantee UNAUDrrED FINANCIAL STATEMENrs 31 MARCH 2024 COHEN ARNOLD Chartered Accountanls New Burlington House 1075 Finchley Road London Nwii OPU
BALSTRAW LIMITED COMPANY LIMITED BY GUA114NTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGE Tru5tees' annual report (incorporating th¢ director's repori) Independent examiner's report io the Inistees Siatement of financial activities {including income and expendilurc account) Statement of finaT)cial position Notes to the financial statement5
BALSTRAW LIMITED COMPANY LIMITED BY GUARANfEE TRUSTE, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 Thc Irusiees, who are also ihe direcior5 for the purposes of company law, presen( th¢ir report and ihe unaudiicd financial sta(eJ])ents of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAIIS Registered charity name Balstraw Limited Charity registration nllmber 262185 Company reglstrgtion number 01002008 Principa] 01CC and regfistered New Burlington House office 1075 FinLhley Road Lknndon NWII OPU THE TRUSTEES Mr Leslie Frankel Mrs Zisi FTankel Mr Jack Frankcl Mr Joel Frankel Mr Ephraim Frankel Mr Maurice Moishe Frankel Mr Laurence Allan Foux Mr Winston Samuel Gilbert (Resigned 15 Octobcr 2024) (Appointed 22 February 2024) (Appointed 22 February 2024) COMPANY SECRETARY INDEPENDENf EXAMINER Dov HaThis FCA Mrs Zisi Frankel STRUCTURE, GOVERNANCE AND MANAGEMENT The charily is consiituted as a company limited by guardntee and as such, its governing docllment is its Artieles of Association. The organisation is run by thc trusiees, each of whom may serve for life and thall not be subject to any reappoinm¢n( process. None of ihe trus8 have any b¢neficia] in(erest in the charity. All tnJsiees give ihelr time voluntarily and no bellefit or expenses weTe paid to them in ihe year. The Lharity's wholly-owned Subsidiary undertaking, Nirlake Investments Limited, is engdged in properry inves(ment and ihe trustces consider it5 results for the year ended 31 March ?0?4 to be sat15factory. Risk Management The tnisf¢e5 have dssess¢d the major risks to which the chariry is exposed. in paI'iiLular those related to the operations and finance of Ihe Charity, and are satisfied thai sysieins are in place to mitigaie its exposure lo those risks.
BAISTRAW LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT ONCORPORATING THE DJRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENTi¢wthiiii¢dJ Appointment and Induction of New Trustees Where there is a require]nen( for new trustees, these would be idenrified and appoinied by the remaining (rustces. The chair of trustees would be respo115iblc for ihe ii)diiciion of any new trus(ee, which involves awareness of a In]stce's re8pon5ibilitie5, the govcrsiing doctsmenl. adniinhsiraiive proccdures, and thc hislory and phi1050phicli l approach of Ihe chariiy. A new irustee would receive copies of the previous yearfs annual report 2nd aecounrs with detailed explwia(ion thereof. Related party transactfio Derails of iransacuoDS with "Related Parties" aTe disclos¢d in note 5 and 21 to the financial statemenis. OBJECTIVLS AND ACTIvrriES The charily is cs(abli%hed 10 foster, assist and prOOle Ihe chariiable activities of any insiiiutson piof¢.5sing and leaching the principles of rr2dÈtional Judaism. to advance religion in ttccordancc with Ihe Jewish faith and to give phi]anthropic aid to Ihe Jcwish needy. The ch¢ilY rcceives income from ifs iSLvesimentb'. subsidiary undertakino and volullt2ry ineomc from conipanies connected wilh Ihe Irustees which it Utilises in Ihe provi.sion and di.siribulion ol grants and donEIl0S io organisations that fall within the objcctives of the charily. The trustres coufirm (hai th¢y t]ave refenrd to (hc gllidaiice coniained in the Chariiy Commission, gener21 guidat]ce on public benefil when reviewing the charily's aims and obj¢ctives and in planning future aciiviiies seiiing thc gTanr making policy for the year. ACHIEVEMENTS AND PERFORMANCE Dllring the year the chariiy has continued i(s philanthropic activiiies and has Maintaied its support of religious, educational and othcr chari¢&ble instk(Ution5 boih in Great Briiain and abroad. Th¢ demands on the Chity'S fvnd5 were more than ihose experienced lasi year with chatiiable donations for the year lotalling £336,707 as against £189,063. The donations were met froJn Cu¢1 incom¢ and reserves of the chariiy. The financial results of the charity and its subsidiary undertakL"ng for Ihe year eJJded 31 March 2024 are fully reflected in ihe aL(ach¢d Financial Statemenis iogeiher with the Notes thereon. FINANCIAL REVIEW The charity is reliant on th¢ income from investments, the COTLimercial activiLie5 of its subsidiary uDdertaking and voluftiary income from comp(Inies connected wilh the trustees. Income from cominerci21 aciiviiies of ihe subsidiary undertaking together with income from the inv¢sim¢nts and voluniary donaiions have helped io boost the total incoming Tesource5. Fin8llcial position Thc financial p05iiion of the tharity is sat15faciory. The charity's statcment of fjndncial aciivilies shows ioLal reserves of £3,175.553 (2023: £3,238,373).
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW(conttTrtt¢d) Reserve Polity li is Deces%ary thai the chariiy retains reserves in Drder to ensure that il is a posiiion io coiiiinuc ils grl-making activitie8 and cover contingencies of addi(ional ca]Is being made upon the chariiy for suppori of organisations or insritutions in times of need. The Trnsiees ronsidcr ]( appropriate to maintsin Free ReservGS' (unrestric(ed funds noi commiLied or invGgted in Fixed Asset Investmenls) at a level which will not impinge on its ability ro support Ch2ri(ablc ]nsututions. The Free Reserves. of £520,090, which arc represenied by (part oo the liquid fndS held by the charity. are considered to be ad¢qu3tc and will be reviLwcd pcriodically by thc tru%tees of the charily. Investn)ent Policy Under the memorJndum and ariicles of 2sso¢iaiion, the charity has Ihe power to make any investmeni. which the trusiecs see fi(. The rrnslees regullY review ihe chaTity'S Position and need5 in rc5pecf of Ihe invesimeni policy. The trnsiees, having iegard io the liquidiry requiremenis of the charity and to ihc reserves policy, have opeia(ed a lIcY of keeplng available fund5 in an interesi bearing deposii account. Grant Making Policy Granis are made io charitable iDstiiutions and organisaiions both in fjreai Briiain and abroad which accords with the objccts of the chuity. The trustees consider all requests which they reccive and make donations based on ihe level of funds available. PLANS FOR FUTURE PERIODS The Lru%iees plan to contiTLue to mak¢ distributions in accnrdance with iheir grant rnaking policy and lo eiisuie (h411 the ability to gencrate 5ufficicni lllcome is maintained 10 achieve Ihal end. SMALL COMPANY PROVISIONS This r¢poM has been prepared in accordance with the provisions applicable to companies enti(led to the small companies exemption. The (rusiees, annual report was approved on twstecs by.. .z£/.o1 /£02 and signed on behalf of ihe board of Mrs Zisi Frankel Charity Secretary
BALSTRAW LIMrrED COMPATr4Y LIMITED BY GUARANTEE INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF BALSTRA W YEAR ENDED 31 MARCH 2024 I report to the trustees on my examination of the financi21 stalements of Ba15Lraw Limiltd I'the charity) for thc year ended 31 March ?024. RESPONSIBILITILS AND BASIS OF REPORT As the trnSte of the company (and also its direciors for the purposes of company lawl you are responsible for the preparnlion of Ihe financial staiements in accordance with (he TequiremeTLlS of the Compani¢s Act ?0061'the 2006 Act,). Having satisfied Tnyself Èhat the accounts of the company are not reqllired 10 be audi(ed undur Pari 16 of the 2006 Act and are eligibl¢ for independen( ¢x2minaiiou, I nport in re.%peci af my exaTThinaliun of (he charity's accounts as Caled out under seciion 145 of the Chariiies Aci ?01 l ('Ihe ?01 l Aci'}. In carrying out my examinaiion I have followed ihe D]"rections given by the Charity Cornmission under Section 145(5)(b) of the 201 I Aci. INDEPENDENT EXAMINER'S STATEMETrrr Since ihe charity's gross income ex¢eeded £250.UOO yoyr cxarrliner musi be a member of a body listed in sccuon 145 of the 2011 Act. l ¢onfirm Ihat l am qualified to underiake ihe exdi)3itLation because l am a member of the Instituie of ChOMered Accouniaiits in Englttnd and Wllle& IICAEW), V4hich is one of th¢ lisied bodi¢5. I have completcd my examination. I confirn) Lhal no matiers have come to Tny atter]tion in connecuon with the examination giving me ¢ause to believe". accounting tecords wcre noi kept in respect of ihe Charity Os required by section 386 of the 2006 Acl. or the financial statemen(s do noi accord with those records-. or (he finala1 5taietnents do not comply wilh ihe accouniing requiremenis of section 396 of Ihe ?006 Act other than any requiremenl thai th¢ accounis give a 'true and fair. view which is not a matteT considered as part of an independent examination. or the financial siaiemcn15 have noi bcen prepared in accordance wilh the meihods and principle5 of ihc Siat¢meni of Recotnmended Practice for accoiinting and repL)ning by chariiies applicable to £haritics preparing their accounts in accordance wilh the Financi21 Reporting Siandard applicable in ihe UK and Republic of Ireland IFRS 102).
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALSTRAW LIMITED {¢4wrfKvéd} YEAR ENDED 31 MARCH 2024 I h3vc no concerns and have come across no oth¢r matters in connection with the exwnination to which alntIOn should be drawn ID this report in order to enable a proper undersranding of tbc accounts be rca¢hed. Dov Hatri Independent Examiner FCA Date:y>.lQJ./.2ffW............. COHEN ARNOL Chart¢red Accounthnts New Burlington House 1075 Finchley Road LONDON NWII OPU
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 2024 Unrestricted funds Total funds Toial funds 2023 Note Income and endowments Donations and legacies Investment income 270,(M)O 26,623 270,(M)O 26,623 296,623 282,6(K) 15,228 297,828 Total income 296.623 Expendi¢ure ExpBnditure on charitable activilies Total expenditure (359,112) (359,112) {212.865) (359.112) (359,112) (212.865) (93,717) Net105ses on invesiment% io (331) 1331) Net expenditure and net movement in funds (62,820) (61820) <8,754) Reconciliation of funds Totai funds brought forward Total funds carried forward 3,238.373 3.175,553 3238,373 3,J75&53 3,247.127 3.238,373 The statetn¢ni of financial activities Includes all gains and losses recogni5ed in the year. All income and expendiwre derive from coniinuing activities. The notrs on pygts 8 to J7 form Part of tILest llnanciÈl staleTrients.
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE STA TEMENT OF FINANCIAL POSITION 31 LIqARCH 2024 2024 2(Y23 Note FIXED ASSETS Invesunenls 14 2ffj55,463 2.650,353 CURRENT ASSETS Deb(ors Cash a( bank and in hand 16 20,000 577,140 597, 140 579210 579,210 CREDITORS: amounts falling dlle withln one year A7 (59,120) 19,120) NET CURRENT ASSETS TOTAJ. ASSETS LESS CURRENr LIABILITIES 520,090 588,020 3,175553 3.238.373 FUNDS OF THE CHARITY Unre5tsicled furlds 3,175,553 3,175,553 3,238.373 3,238.373 Total charity funds For the year ending 31 March 2024 (he charity was eniitled (o exetnpLion from audit under sec(ion 477 01 the Companies Act 2006 relaung to small companies. Direciors, responsibilities.. The member5 have nol required the company to obtasn an audii of its financia] statemen15 for the year ITI queslion in accordance with scctson 476,. The direclors acknowledge their responsibilities for complying wilh ihe requiTements of thc Aci with respeci io accoun(ing records and ihe preparation of fjnancial statements. These financial statements have beeyj pi¢pared in accordance with the pmvisions applicable 10 tompanies subject (o lh¢ small companie5, regime. Th&8e f)nancial sta(emeniS were approved by the board of 1rn5¢ees and authorised for issue on .t¥JO1fjfy... and are signed on behalf of the boatd by.. 18 iankel rusiee Company R¢gislr41ti0n Nurnter.. 01(X>2008 Tht Dole5 pages ¥ to 17 fom pgrt rfihese fin3nrial 5¢*ltment&
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The charily IS ts public benefii entity and a privare company IiTniied by guar8niee, regisieied in England and Wa1&5 ttnd a iegisiered chilY iii England and W>Lies. The addrss of the regisier¢d otfice is New Burlington Housc, 1075 Finchley Road, LondoD, NWI I OPU. STATEMENT OF COMPLIANCE Thc5¢ fin.Inciul siaiernenis have been prepared sn compliance with FRS 102. The Fin¢incial Reporting Standard applicable in the UK at]d thc Republic of Ireland,. Ihc Siaiement of Recofflmcnded PracLice applicable LO cbatities prep3ring Iheir accounis in accordllnL¢ with the Financi1 Reporiing Siandard applicable in the UK and R¢public of Ireland IFRS 1021 IChdritie5 SORP (FRS 102)) and th¢ Companies Act 2006. ACCOUNTING POLICJLS 3.1 Basis of prepargtion The finaDCi21 statemen(s havc been pr¢paTed on Lhe lus(orical cost basis, as m(Klified by the revaluation of certain fiT]ancial assets and liabilities at fair va]ue ihrough income or expendiiure. The financial siatements are prepored in srerling, which is ihe funciional CUJTency of the entity. The charity Jneeis Ihe definition of a public benefit ¢n(ity whder FRS 102. 3.2 Going concern There are no matuial unceriainties about the charity'5 ability to continue. 3.3 Consolidation The charity is noi required Lo prepare consolidaled accounts irt accordance with the Charilies Aei 2011. aiid lia.% Ill keli advaniage of the opiion noi 10 prepare consolidaied finanLial sldlcmcnls coniained in Section 398 of the Companies Act ?006 on the basis Ihal the Lhariiy and its subsidiary undertaking compTise a bma]I group. 3.4 Judgements and key sources of estlmatlon uncertainty Thc preparation of the financial statements requires manageTr]ent to mak¢ judg¢menrs, &£(imaies aJ)d assuJnpii0s)s tha( affect the atnounis reported. These e51imaies dnd judgemeii(.s are cantInu1]Y reviewed and are based on experience and other faciors. including Lxpectsiions of fuDJre evenls thai are bclieved to be reasonable under the circumstaTJces. There were no signifi¢ant judgements or Cslimates made in ihe preparation of these finaT)¢ial statements. 35 Fund accounting Unrestricted funds are available for use at ihe discretion of the trn5tees to further dmy of thc charity'.$ purposes.
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS IconliJr#d) YFAR ENDED 31 MARCH 2024 ACCOUNfiNG POLICIES 3.6 Incoming re50urees All income is included in thc sratement of finAncial activiiies when entstlernent has passed 10 Ihe charity. it is probable that the economic benefits associated with the trdnsaction will f]ow to the charity and the amouni can be reliably measured. tncome from donations or grnn(s Is recogni5ed when th¢re is Cvidence of en(itlcTneni to rhe gif¢ receipt is probabl¢ and its amount can be me&Eured reliably. 3.7 Resourees expended Expendicure is recognised on an accruals basis as a liabiliiy is incurred. Expendiiure includes any VAT which cannoi be fully recovered. and is classified under headings of the s(at¢meni of financial activities to which it relates. Expenditure on chariiable activities includes all cosis illcurred by a ch4ri¢y in undtrtaking aLliVities that fijrther its charitable aims for the benefit of ils beneficiaries, including those support COSt5 and costs relating to the govemance of ihe chariiy apwrtioned to charitable activlties. All costs are alloeated to expenditure catcgorics reflecting the use of the resource. Direct costs aiiributAble 10 2 single activity are allocated direcdy to thai activily. Shared costs are apportioned bctween the activjties they ¢ontribute to on a reasonable, jllsLifiable and consist£n( basis. Grants and donations recognised when paid. 3.8 Investments Unlisted equliy iJJvestmeniS are iniiially recorded at cost. and Subsequently me&sured at fair value. If fair value canno( te rEliably mcasured, asseis are measured at cosi less impaiment. Listed investh)enis are measured at fair value with changes in f2ir value beiT)8 recognised in profAt or loss. 3.9 Financial instruments A fiT)ancial asset or a fJnanci21 liabilily is recogniscd only when ihc ertiity becomes a party 10 the contraciual piovisjon5 of the instrument. Basic fiTTrancial instn]mEn(s arc iniually recognised at the amount receivablc or payxble iJJcluding any rclated iransaction ¢thgts, unless the arrarlgemeni conslitllies a financing trai).¥aciion, whcre it is recognised at the present value of the futur¢ payments discounted at a markcl rai¢ of inierest for a similar debt Ansirument. Cutrenl asseis and curren[ liabilitics arc subsequently measured al the cash or other considcr3tion expected to be paid or receiv¢d and noi discounied. Other financial instrnmenis are iniiially recognised al fair value and are 5ubsequenily measured at fair value. wilh any changes recognised in profit or loss. All equiiy iFLsirumenis att asses5¢d individually for impainlleni.
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE Fif4ANCIAL STATEMENTS 1¢ YEAR ENDED 31 MARCH 2024 JrhnM¢d) Accouf4TING POLICIES (contirt4edJ Finaneial iTr5truments (cl48) Any reversals of impairment arc recognised immediaLely. to the extcnl thaL the reversal do¢s nol resuli in a carr), jno asnount of the finiincial d55et thai exceeds what ihe carrying amount would have been had the imprment nol previously b¢¢n recognised. LIMITED BY GUARANTEE The charity is a company limited by guarantee ayjd has no sharc capital. The liabiliiy of each member in the cvent of winding up is limi(ed io £1. DONATIONS AND LEGACIES Unrestricted Totsl Funds Unresiricted Toial Funds Funds 2024 Funds 2023 DONATIONS Donations 270.CK)O 270,000 282,6(M) 282.600 Don21ions r¢ceiveil comprises an amount received from Nirlakc Investments Limiied, a sub%idiary undenaking. of £270.OIM) 120?3.. £277.600)- The direciorate of Nirlake Investmenis Limiied includes ceriain of the tN&iees of (he chariLy. INVESTMENT INCOME Unresiricted Total Funds Unrestricied Total Funds Funds 2024 Funds 2023 Bank iniercsi received Interest on fixed assei invesiments Dividcnds received on fixed asset investrnen 5.274 9.179 5,274 9,179 852 4,093 852 4,093 12.170 12,170 26,623 10,283 26,623 15.?28 FXPEf4DJTURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Total Funds Unrestyicred Toial Funds Funds 2024 Funds 2023 Donaiions paid Support Costs 336,707 22.405 336,707 22,405 359.112 189.063 23.802 189,063 23,802 212,865 359,112 212.865 io-
BALSTRA W LIMITED COMPANY LIMITED BY GUARANTEE coJrliJrts¢d) NOTES TO THE FINANCIAL STATEMENTS ( YEAR ENDED 31 MARCH 2024 EXPENDITURE OTrI CHARITABLE ACTtVlTIES BY ACTIVITY TYPE Grant funding Total fuDds of aciiyiiies Supprt costs 2024 Total fund 2023 Donations paid Governance costs 336.707 336,707 22,405 359,112 189,063 23.802 22.405 336,707 22.405 212.865 ANALYSIS OF GRANTS 2024 2023 GRANTS TO INSTITUTIONS Support of education and relief of poverty Tothl grdnts 336,707 336,707 189,063 189,063 li
BALSTRA W LLVIITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlrntstd) YEAR ENDED 31 MARCH 2024 ANALYSIS OF GRANTS (cojthnlled) All granis and donaiions were paid io charitable insiitutions for the purposcs of Either the advancemeni of education or thc alleviation of poverry. The composiiion of donations is shown below. Achssomoch Aid Cornpany Limiied Amud Hatzdokoh Trust Baer Hatora Lid Bayis L£pleitf)S Bels Ruchel D'saimar (London) Limited Bels Yaakov Primary School Foundation Beth Jacob Grammar Schth)I for Girls Lirniled BTiiish Friends of Ycshivas Shaarei ChiKhmo Chasdei Sorelc Chevras MO'OL Ladol Comei Chariiies Lid Friends of Bei8 Chinuch Lebonos Trust Friends of Beis Soroh Schneirer Friends of Mercaz Haiorah Belz Macnivka Kollel Abavas Torah Mifal H&chesed Vehatz¢dokoh Moreshc¢ Haiorah Ltd Norih London Welfare and Educational Foundaiion Siort Uprighi Talmud Torah Educaiion Limited The Freida Copc Communiiy Centre Trusl The TMC Trust Limited Unii¢d Talmudical Associates Lrd YesaTnach Levav Yeiev Lev London JenJ5alem Trust Yishdya Adler MLmorial fund Sundry dondLions Icss than £3.0(K) individually 7,575 8,712 12200 3,60(1 3,020 5,1)00 5,1)00 3,000 10,000 lJ,392 3,6QO 10,000 20,000 11,000 4,180 10250 40500 5,100 7,000 7,500 3,000 40,(MIO 7,820 3,350 9,180 3,000 81,728 336,707 12.
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCJAL STATEMENTS (< YEAR ENDED 31 MARCH 2024 10. NET LOSSES ON INVESTMENTS Unrestricled Total FuDds Unrestricted Total Funds Funds 2024 Funds 2023 Gainslllosses) on revaluatio of li.sted invesimeT]ts Gainsloosses) on revaluarion of invesLments in group undertakings Gainsl(losses) on disposal of listed investments 72,804 71804 (37,975) 137.975) (s7.0} {87,0} {77,IXK)) 177,(K)O) 13.865 (331) 13,865 (331) 21.258 21,258 (93,717) 193,717) 11. INDEPENDENT EXAMINATION FEES 2024 2023 Fees payable to the independeni examin¢r for.. Independent examination of the financial stat¢menis 4,560 4,560 12. STAFF COSTS The average head count of employees, including lrnstees, during ihe yur wa5 7 {2023.. 4). No salaries. wages or bcnefiis have been paid to ¢mployces during ihe year. 13. TRUSTEE REMUNERATION AND EXPENSES No remuneration or oiher benefits from employment with (he chariry or a relar¢d entity were received by (he (rustees. No tnlsiee expenses have been incurred. 13
BALSTRAW LIMITED COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (co11) YEAR ENDED 31 MARCH 2024 14. INVFSTMENTS Shares in Listed group investments undertakings Tolal Valuation AL l April 2023 Addition5 Disposals Fair va]ue movemeDts 1.129,353 170.639 (151.333) 72,804 1,22L,463 1.521,(KKJ 2,650,353 170.639 (151J33) 114,196) 2,655,463 (87.000) 1,434.000 At 31 March 2024 Impairment At l April 2023 and 31 Mareh 2024 Carrying aJJJount At 31 March 2024 1.221.463 1.129.353 1,434.000 1.521.000 2,655,463 2.650,353 At 31 March 2023 All investments shown above are held at valuation. Valuatlon techniques of fixed asset investments The fair valu¢s of shares in group underrakings are deLeriTLiRed using Ihe D¢t assets of the subsidiary underiakn"ngs. Listed invebimen15 havc been profebsiona]ly valued at the Balance Sheel dale by lh¢ IesteI mdnagers at Quilter Investment Platfomi Limited. Htslorical cost m(Mlcl Th¢ hislorical cos( of fixed a6bei invesuncnts at 31 M8r¢h2024 is £1.057.991 (2023: £1.038,685). 14-
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ( YEAR ENDED 31 MARCH 2024 oJrhJtueJ) 15. INVESTMENT ENTJTIES Country of Company No. incoOration Percentage of shares held Cjass of share Subsidiary undertakings NiFlake Fnvesimcnts Limited Bybgland and Wa]es 00714297 Ordinary 100 The registered address of thc subsidihry undertaking is New Burlington House, 1075 Finchley Road. London. NWI I OPU. The aggregate assets, liabiliii¢s, capiial and reseThes for the subsidiary as at 31 Match 2024 is as follows.. Nirlake Investments Limited Fixed a5S¢ts Current agsets Currenl liabililies Provisions 1,199941 317J63 (1&930) (64,000) IA34J74 Nel assets Aggregaie capiial and reserves 1,434274 A summary of turnover, cxpcnditure aT)d profitl(loss) for (he year ended 31 March 2024 is as follows= Nirlake Investments Limited Thrnover Cost ol sales Administrative expenses Other op¢r21ing income Piofit on dispos21 of invesimeni property Nei valualion gain on fixed asset invesimcnls Net valllaiion deficit on inve8imeni property In(er&5t receivable and similar income Tax 133,465 (47,924) (11,279) 3.842 86,498 23,591 15,749 (20537) 183A05 Profit for the year 16. DEJITORS 2024 2023 Oiher debtors 20,000 Other debtors include5 an inlcresi free loan for chariLable PUKposes of £Nil (2023.. £20,(M)O). 15
BALSTRA W LIMITED COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS [cDRrthuJ YEAR ENDED 31 MARCH 2024 17. CREDITORS: amouDts falling due within one year 2024 2023 Other creditors 59,120 9.120 OLher cred&tors include aT) interesi free loan receivcd for charitable purpose5 of £50,(NJ)12023.. £Nil). 18. ANALYSIS OF CHARITABLE FUNDS U1)rtrIcted funds Gains 2nd At losses 31 Mareh 2024 Ai l April 2023 Income Expenditure General Funds 3,238.373 296,623 {359,112) 1331) 3,]7553 At l April 2022 Gains and At losses 31 March 2023 Jncome Expenditure General Funds 3,247.127 297,828 {212,8651 193.717) 3.238,373 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricred Total Funds Funds 2024 Inve5tmen(s Curreni assets Credi(ors less Ihan l ye 2,655,463 579,210 (59,120) 3,175.553 1655A63 579,210 159,120) 3,175553 Net assets Untestricled Total Funds Funds 2023 Jnvestsnents Curreni assets CT¢diiors less than l year 2,650.353 597.140 19.120) 3,238,373 2,650.353 597.140 19.120) 3,238,373 Net assets 16-
BALSTRAW LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINATr4CIAL STATEMENTS YEAR ENDED 31 MARCH 2024 20. FINANCIAL INSTRUMENTS The corrying amounl for each category of financial instrnment is as follows.. 202A 2023 Financial assets measured at fair value through income and expenditure Financi21 assets measured ai fair Value through income and cxp£nditure 2,655,463 2,650.353 21. RELATED PARTIES Income from donations comprises £270.000 12023- £277.61M)) receivable from a subsidiary llndertaking, a company in which certain trustees are directors. 17