coTrtPANY REC.ISTIUTION TrWTrBER: 011102008 CHARtTY RF,C,ISTIUT1O .NUMBF.R: 262185 BALSTRAW LIMITED Company Limitcd by Guaralltce UNAUI)i'fED FINANCJAL STATEMEI NTS 31 MARCH 2025 COHF,Tr AIINOLD Chartered AcLountants New Burlington House 1075 Finchley Road London Nll'l l OPU
BALSTRAW LIMITED COMPANY LIMITED B Y C.UAIL4NTEE "INANCIAL STATEMF.NTS YEAR F.YI)ED 31 MARCH 2025 PAGE Trustccs, annual report (incorporating ihe director's report) Indcpendent examiner's report to thc tnistec.g StateTllLnt of financial activities (ineluding incom¢ and expeiiditure account) Statement of financial position otcs to thc financial slatements
BALS'I'RAW LIMITED CO,N(PAN'Y LIMITED BY GUARAP'Th;F 'I'RUSTTr:r.s' APryUAL REPORT (INCORPORATifi'C. THE DIREC'J'OIi'S RF,PORT) YI,:AR E_YDf.D 31 MARCH 2025 -l-hL trustees, i%.ho are algo il)c direLtors lor the purposes of LOTnpany la., prcsenl their report ]d the unaudited financial statLments of the Gharif>' for tlie ycar ¢iided 31 Marc11 2025. RLFEHF:f+iCE AND AD.MINISTRATIVL DF.TAIL Re%islered charity name ChArity regi5tr2tii)n number Company regislration number 01002008 l>riiicip#l office and registered New E3urliiii?ton House offiLe 1075 FiiichleN, Road London NWII OPU Balsiraw I,imitttd 262185 I'HF, TRUSTEES Mr Leslic I,rdnkel Irg Zisi fraTikel tr Jack Friinkcl Mr Joel Frankel lQr I'.pliraim FrankLI Mr Maurice Moisli¢ Fraiikcl Mr Laiirence Allan Foux Mr IVi11ston Samuel Gilbcrt (Resigned 15 October 2024) (Died 8 Janu2< ry 2026) colk[PNy SLCRF.TAR Y Mrs lisi Frankel INDEPTr:NDF,h'T EMMtNER Dov Hri.5 I,'CA STRL,CI'IIiE, GOVTr".RNANCE AND MANAG[TrIET Tlie chdriry is constiluled as a Lompany liniited by. gudrdiitec and as siich, it% goveming dr)cumenl Ib ils Artityles of Associaliun. I'lie orgaiiisation is run bsw tl)e trusiees: cach of m.hum m£ly serv¢ for lile la shall not be %ubjcct to anj, reclppointmcnl pr()cess. NTone ofihc Irust¢¢s hdve any beneficial iiitei'¢.%t in tlic charity. All trusle¢q giN'¥ iheir time volunlarily aiid no b¢ii¢fil or cxpen.sls wcrc P£2id tc) them in the year. It is witli d¢ep rcgrct thdt li'¢ roport the passing ()f our trustee, Mr W'in4ton Samuel Gilbert on the 8 Janiiary &026. The Lliarity b ivholl)'_oiviicd %ubsidiary undertaking, Ni irlakc Inve5tmcnts Limit¥d, ib eiiga&sed in property ini'cstmont and Ihe trustees considLr ils results for tlie y'car ttnded 31 March 2025 lo be satisfactory. Risk MaDa2emLllt The li'ustLes have assessed tli¢ major risk% lo which the Cliarity is exposed, ii) particiilar those I"¢lat¢d ro thc operatiDns aiid finanL¢ ot- tlie ChIly, and arc sati.%fied tliat s)'.%l¢ms are in place to miti&Taie i e.xposur¢ l() tli()se risks.
BAI.STRAW I,INIITED C()NIP.INY LIMITLD BY GUARANTF.L 'rRUSTETr:S' ANPUAL RLPORT (INC.ORPOR.ITINC. 'fHF. DIIiECTOR'S IIF.VORT) YEAR E.NDTr.D 31 .MAIICI12025 STRUCTITRF., cOVF,RNA'cF. APD LNIANA(:EMF.N'f rfLwniiiJtsed} Appointmlnt and Induclivn of 'frllstees li'hLre iherc 1% d rcquireineiit tor i)ew trustccs, tlitsc ii'oiild be idcntifiLd aiid dPPVlllteil b), tlie reinainiiig truslces. ThL' chair of ti'u4lces would bv responsiblc lor ilie iiiduLtion ol- ans, neiv trii%tLe. hich involves awar¢iie4s ol a tFUStee's rcsp()n%ibilitie.%: Ilit govcrllinL doLuiiicnl, admiiii5trgLtivg procedures, aiid th¢ liistorv (2nd philDsophiLal appFI)aLli ot- tlie Lharit}', A neil tni.%t¢'c would recciN'e vpics of the proi'iou% veaT'S ai)IlUdl r¢port aiid account% iviih deiailLd Lxplandtion tliereol. Related party transuctioiis Details of traTlSdLtioiis NN'itli tielatcd Parties arc discloqed in note 5 and 20 to the financial statem¥iits. OB.IEC'fivTr"s AfD AC'rivi'riF. The iliaril}' 1.% ebiabli.%lied io o%r¢'r: aqsist anil proTI)i)te tli¢ LhariiablL aLliw1tie. ()r I1nN' in%litiition profes5illhTr and tLciLhing the prii)cipl¢s ol- Lradiiional Judaisrn: to adwÉlTice rLI i&Tif)n iii aLLurddnce K¥'itli Il)i. Jewisli faitli diid to gi.¢ philanthropi¢ aid to the J¢Kvi%li n¢Ldy. 'Ihe Lliarily receives incoinl from its iniiC£tmeiils. sub.%idiary uiidenakii)g and voluntary. inconit from cDmpanics c()nnLCtcd witli tl)¥ trustecs whiLh it utili%¥4 in the pr()vi%ion and distribulioii i)f grant% aiid doiiAti()Iis to or&Tdnisations ilidi fl11 ivitliin thc objectii'i'% i)I' Ilic cliarit5'. The Iriistees confirni tl)at they l)<11.'¢ referred to tIiL gTLiid8nce contained iii the CharilN, Comini%%ion's geiier<21 guidance OTi public benelit wlien rei le.111g ihe cliarity's aims &ind obj¢¢tive% aiid iii pl£iiining rulure aLt1.1t1CS <ind SLtting Ilie graiii niAking policl, fur Ilie ¥car. AC.HIEVF.MEN'I'S ATr4D I'LRF()RM.4YCE l)Iiring the y¢ar the chdritv hi< S C()ntinued itb pliilantl)ropic activitics and has Inainiained its support c)r religi0115, ¢du¢alioi)al and (Itl)ei' charitdble iiistitulions both in CJreat E3rildin diid abr()ad. 'he demands 011 Lliarilj s tiiiid.% were m()rc tliaii th().se expei-I¢llLed lasl N'edr Kvith Lharitll blc dL)i)ations for ihe yLiir toti111ing £4_$2,433 as agiainsl L3.36,7U7. Tli¢ doTiations w'ere Incl Iroiii ciirrenl iiicame and re%ervcs ul-llit cliai'ity. The fiiidnlial result5 ()f tlic cliarity aiid it.s %ubsidiatv uiidertaking, for tlic year eiidcd 31 arcli 2025 are full}. rcflectcd in tlie allachcd Fiiiancial Siatemci)t% togetlier iN'iih the Notes thereon. TrINANCIAL Rf.VlF,W Tli¢ vharitv is reliant on th¢ iiiLoinL frnin iiiiwestii)ttnts. tlic coinincrciAI activiliLb Ot. its 5ub%idiary undertakiiigJ and i'oliintarv incomc from ci)mpanie.% coiinccted Kvith ilie tru.sttes. Inc()mc from commcrcial activities of th¢ subsidiaTr uiidertakin¥ logctlicr M'irli inLo)me froiii 11ii' iiivestineIits aiid i'oluntdr) doD4tii)11s liaN-e h¢lpLd to b()08t the totAI incoiiiiiigF f¢sL)urces. Tr"inanLial position The linaiici21 position ()f thc chdriiy 1£ satislaciory. -flie charit} s %tdtcmcnt of finaiibi21 activili¥s %how% tc)tal reservts of £2.921.29_3 12024.. £3,175,5 53).
BALS"I'RAW LIMITFI) COMPANY I.IMITLD BY C.UAIL4NI'LE TRUSTFES, ANP*UAL KLPORT (1CoRPORATING TFIF. DIREC"roR's REPORT) YEAR FNDED 31 IMARCH 2025 FINANCIAL REV]S.W (coniinRed) Re.serve Pulicy It Ib nece%sary tliat ihc clidrily rctai115 rcs¢rv¢s in ordcr to ei)siirc that it 15 in a piisition to tiaiitii)uc ils grant-miiking activities and cover conling7¢nLieg ol. dddilioiial ualls bcing made upon the charity. for siipport ol-orbyanigdtions or i118titutii)iis in times of need. ie 'l"r115tees consider it apprDpriatc to Inainl&in 'Free Reserves, {unr¢%trictL"d fuiid% not comtnitted or ini'¢.£tcd iii Fixed AssLt Investiiients) at a level ¥i,hich ivill not impingc on its <ibility to support Llidrilablc Iiistitiiti()ns. 'I'he 'Free Rcsvrves, of £257,91, Ivhich are represLiilvd by (part ol) tlie liqiiid fuiid% hcld by the charity, are considei"¢d to bc adcquat¥ aiid ivill be rci'itiived pcriodiLally by the tru5tCLS of Ilie charity. Investment Policy Ui)dcr tlic memoranduii) and arti¢les of 1< ssociativn, the ch£irity has th¢ poiver to iiiake aiiy iiivcstment, which the triistees see fit. The irustees rcgTularly review thc charilN s position and needs in regpect of the inveslmLiit policy. The trustccs, haviiig I'egard to the liqiiidity reqiiireii)ents uf Ili¢ ¢liarity and lo tlie Icserves pi)lic)', havc operated a policy of keeping aiwailable Cunds in ali int¢i'¢st bearing dLposit account. Csrant LVAakin£ I'olicy Ciraiils arL Diade lo cliariiable iii.4liliilions and i)rganisations both in Cireat Brildiii aiid abroad which accDrds M.'ith the objects of thv charity. 'I'lIL Iru%tees consider all reqiiests whi¢h they rcLeivc nd niak¢ donations bascd on tli¢ l¢wel of funds dvailable. PLANS FOR FUTUIiE PF,RIODS Tlie trustLVS plan to continue lo makc distribution5 in accordance with iheir graLIt Indking policy. and to ensurc ihat the abilily to generdte sufficiciit income is maintaincd lo achieve that bnd. SMAI,I. COMPANY PROVISIONS -rhis report hds beeli prepar¢d in accordancc with thc provisions applicdble to Lompaiiies ciitiiled to thL small companies exemptiL)n, -I'hc Irii8tees' £innual I'cpc)rt ivas approvcd oi 2. 9 .J.AN 202fj....... dnd signcd on bchalf of the board of trustett% by.. Mrs Zisi rankel Charity %ecretary
BALS'I'Ii4W LIMITED COMPANY LIMITLI) BY C.UARANI TLL INDfi,PF.NI)EN'I' EL4MINF.II'S RF.PORT "I'o 'fHE TRIJ.S'IEES OF BALSI'RAW I,IMITLD YEAK LNDED 31 NIARCH 2025 report lo tl)c trustces ()1) m5, examination of thc fillclncial slatcmeiits of Balslraw LimitLd ('tlie cliaritv,) for thv year Lnded _31 MarLlI 2025. RF.SPUNSIBII,ITIF..S AND BASIS OF REPOR'r As the trii.itee4 ol- tlic COlDpaiiv (diid also its direLtors for tlie piirposcs of companv laii,) )'ou ar¢ re8pi)nsible for tlie prcparation of the financial %tatLinents in accc)IdanLe ii'itli Ilii requireinciits nf the Companies ALI 2006 ('Ilie 2006 Acl ). H.IN'ing salistiLd myqelt- that tlic account% (If thc cornpaiiy are not reqiiircd lo be audited und¢r Part 16 ot'thc 211U6 Act aiid are cligible fc>r independent c¥aiDinatioii, I rcport in I"espLCt of my ¢xaminatii?n or tlie cliarily's aLLOUllts as cai'ried r)ut undcr scctioi) 145 of thc Cliarilies Act 2011 ('Ih¢ 2011 Acl,). In carying oiit my Lxainination I Iiave f()Iloii'Ld ilie DireLlioiis given by thc Cliarity Commissio)n undcr seclioii 145(5){b) of the 201 l Act. LJDEI)F.J l)lJiN"I" EXAMINF,R T4 ST ATEMENT I liave compleled my cxaminatioii. l ¢onfinn that J)0 Inatters have uomL to my attLLition in Lonncctioi) witli tlie exam inaiion giving Ine caus¢ to beliei'e.. aticountii)g reLords N'L[L not kept in rcsp¢ct ()f tl)e oharity a% reqiiired by secti()n 386 of thc 2006 Act; or thc finoiiicial stalcmeiits do not accnrd '1th those I'LIDrds; or thc financial qt<TrtemLntf do nnt comply i¥i(h tliL accounting rcqiiireinents of s¢vtion 396 of Il)e 2006 Acl othcr thai) any requircmcnt tliai ihc 1< ccoiint5 gii.'c a 'triie and tdir, N'iew wliicl) is not a m<ittcr considercd as part of an indLpendent examiiiati()n,' or the financial siatements lidve not b¢en prep1crcd in acLordance with the meth()ds and priiiciplcs of tlit Si£2teinciit of RL¢()minciidcd l)raclicc for accounting) 2£ 1)d rcpDrtiiiL by charilic% applicable io cliariliL% prepdriiigF tlicir 2LLiiunts iii ac¢()rdancc iNitli Ihe Financial Rcportin¥ standard applicalilv in thc I;,K £1nd Republic of Ireland (FRS 102). I hai'e Iio coiic¢rii.% £ind have cotnc across no othcr mattcrq in connection willi ihc cxaniiiidlion to vhiLlI atlLnti()n sliould be drawn in this r#poit iii order to ei)able a proper undcrsianding of th¢ acco ts to be reached. DOVH rris FCA Indcpcndent ExnItIer D¢it¢'. 2 9 JAN 2026 C()HI..N ARNOI.D Chartered Accountaiit5 Neil, E3urlington IIouse 1075 1. iiichle), Road I.UNDON NWI I OPU
IIALS'I'IUW LIMI'TED COMPANY I,IMITED BY (:UAIL4f4TEL STA"I'Tr.MFNT OTr. FIANCIAL ACTIVITIF.S (INCI.UDINC. INCOML AND EXPTr:NI)I'I'URE ACCOLTNT) YF.AR r.Nl)F.D 31 MARCH 2025 2025 IJDreslrictc(I riiiids 2024 i)tal funds '[ otal funds In¢i)me an(1 endnwnjcnts Dunati(Iiis and Icga¢ie% IniJCStment incomc 186,000 30,349 186,000 30,349 270,000 26,623 'I'otal illcome 21C),349 2 16,349 296,623 F,xpendiluro Lxpciiditure i)n Lharitable activilies TotAI Lxpenditure (474,1159) (474,059) (359,112) (474.059) (474,ni9) (351),112) Net gaiii& (losscs) oil iJivestiiiciitS io 3,450 3,450 (3311 Net cxpenditurc and nct mvTr'emLlIt in funds (254,260) (2$4,260) (62.820) ReLuneiliation of funds Total tuiids brought f()rward 3,175,55J 3,17i,5S3 3.238.373 Total funds cari'jLd forward 2,921,29J 2,921,293 3,175.553 The statement of financial avtivities iiicludcs all L)diiis and la%.%eg rccognis¢d in thc }'Lar. All iiicome dnd expcnditui'¢ d¢riN'e troin ci)nliniiing activili¢s. I'l)¢ ijotes orb pag¢5 7 10 14 form part of thc5¢ finlneisl statemcnts.
ALS'fiL4W LIMITED COMPANY LIMITED BY GIJAIUNI'LL STATEMLNT OTr Tr'INANCIAL PI)SI'I'IO.N' 31 MARCJI 2n25 2024 Note rixED ASSF.T Iiii'¥siineiils 14 2,663,375 2,655.463 CURRF.J'r ASSETS Casli ai bank and in hand 312,598 579,210 CRTr:UITORS: atnvunts falling due within one jear NET CIJRREf*l' A.8,SF.T 16 (54,680) (59,120) 257,918 5211,09n TO'fAI, ASSI,:'I'.S I.F,S% CLRRII LIABILITIb'. 2,921,293 3.175,553 FI,"ND,S OF THE CIL4RITY Unre%tricted tuiids 2,921293 3,175,5i3 ()tal charity funds 17 2,921293 3,17i,553 For Ihe ycar Lndii)L 31 Nlarcli 21125 ilie cliarity was entitlcd to excmption from audit under sectioi) 477 of the (;()mpanies Act 2006 rclatiiig to sinall c()Inpanics. Dirccior%' respoii£ibilitiLs-. The membtiis liave n()t requirtyd tlie Loiiipaiiy ti) obtain ali audit of it% financial slatcmeiits lor ihe vcar in qii¢s1ion in c1ccordancc with %eLiioii 476; Tlic diretytor£ cickiioii ledoc their reipuiisibililies for coInplving wilh thc rc(IiiireTnents of the ALI witli r¢speLt to accouiitinbT records aiid ilie prepiL ration of financial siateii)ent5. Tl)ese fiiian¢ial btalcmciits hdlle bcell prLparcd in aGcordance with lh¢ provisions applic&ible to companiLs subject to the small compai)ies' riLyime. ThesL financial stateTllLtIls ivere dppi'oved by tlic board ot tru5tcL's and authoriqcd for issue on 2 A.JJN 2P2& - and ar¢ %igiied on bchalf ofthe board by.. Mr Lc.%lie Frankcl Ti"usie¢ Comp<lny Registration STumber'. 01002008 I'he ntste% OTh pagc% 7 to 14 form part of th¢se fJnan£ial sIKtements.
BALS"I'RAW LIMITLD CONIPANY LIMITED BY GtiAIiANTF,b; r4oTF,s 'ro Tl ITr", FINAIN C"IAL 8TA'I"EMF.N'rs YrJEIR fs1)LD 31 MAIICH 2025 GF.NEIUL LNFoRlA'F1o, The Chily ]% d public h¢nefit Cl)tity and a prii.'alc compcin), limited by gU<ee, r¢gistercd in F.nglaiid and Wales and a reuistcrcd chdl'Lty in P.nblaiid and iifales. Thc address of the rtgyistered oificc is Ne¥1, Biirlingrt()n 11011se, 1075 FinchlLy R()ad, Londoii, N IV I I OI>IJ. STAI'E.IILNT or LOLIANC.E I'licse tin<2ncial stl£ tcinvniq hciiJe becn preparcd iii Loiiipliaiice w'itli rRs 102, '1-hc Financial Reportlllg 8t<2ndard applicablc in ilie LK and the RLpublic ol. Ir¢laiid'. tlie S'tdtknrnent ot. Reconim¢nded Practice applicable to charities prcparing their a¢counls iii accordanLL with the Financial Reporting Standwd applicol1?l¢ in the I,"K and Republic of Irelaiid (FRS 102} (Charities SORP (FRS 102)) £ind thl CoinpaiiiLs ALI 2006. ACCOIJTSTING PI)I.ICIES 3.1 Il#sis of pi-epar#tion Tlic financial .taleMcntS hai'e hLcn preparLd 01) tlic lii.%turical cvs1 basis, as Inodificd by Ilic rcvdlu8tion of c¢rtaiii liiiaiicial d.%%ets and liabilities at fair value thiou(yli income or cxpenditiire. The tiiiancial stateinciils ar¢ prepared in sterliiig (rounded to the ncarcst pound). wl)ich is ihe Functionl¢ I currenc!, of th¥ ¢nlity. Thc cliaritv meet5 thL defiiiition ol. a piiblic b¢ii¢fii entity, under FRS 102. 3.2 Ci()ing ciincl'r 'I'hLr¢ are no mdl¢rial uiiccrtainties about the charity'5 ahilitv lo contiiiue. 3.3 Consolidation ThL ch8ritv is Iiol riquired to prepare coiisolidatcd accounts in aLcc)rdance i¥iih the Cliariiies Act 2011, and ha% lakcn adi'antagc of the r)ption not tu preparc ¢L)iisolidal¢d finanvial stateTnents contained in S¥Liion 398 of il)e Compdnics Act 2006 on the ba.%is Iliai rhe Lharitv and lis sub4idiari' und¢rtaking comprise a small b)roup. 3.4 JudgemeDts and key sourccs of £'5timatioll uncertainty -I'h¥ prcparati()n of the financial sialem¢nls requirLs managcinei)t to make jiidgLmcnt.%, eslimal¢s and assuinplioii% that aff¢ct the aiiiounts r¢port¢d. These estimates and .jiJd8ements iÉre Lantinually revieTh.ed and are based on experienc¢ 8nd other factors, Iiicluding exp¢¢tatiOlls ot. t'uture ei'LIils tliat arc b¢lieved to b¢ rc2Lsoll(Iblc linder IhL circumslaTILes. 'I'httre w'cri no significant jiidgements or esliinates madL in tlie prLpardtioii of Ih¢sc financial statLments. 3.) Tr und accoiinting Unrestricted fund.s are available for uqe at the di.%cretion uf ihc trustces to further any of ihc Chariiy's purpo%es.
IIAL,s'fiL4W LIIMITr.i) COMPAPY LIMI'I'ED IIY CLAIiAN'TEE NOTb:S TO TFIL FIPAPC.IAL %TA'fF.Mf.NTS IcoryltAuedJ YEI AR fNDED 31 MARCII 2025 ACCOUNTThC. POLICITr'.S (conriiiuÉd) 3.6 Incoming resourLes All in¢(Iine IS IllLluded iii tlic slat¢iiicnt of financial activilic% when Liiliilement lias passcd ti) tlic charity,, it is probable tliat the L'¢oIiomic bviiefitN associated with tli¢ transactii)n will flow to the Lharity, and thL arYi()uiit cali be reliably mca%ui"ed. Incomc Ir()In doiiatioiis ()r gr£lnts 1% recogniscd ivhen there is ¢N'idei)ec of enlitlcinent lo the gifi, reccipl is probc2ble aiid its am()uiit Laii be iiicasurcd reliably. 3.7 ResourcLS expendLd xpeiiditurc is recogiiised on iii dccruals babis as a liabilit). is in¢urrcd. ExpLnditure iiicludes aiiy VAT ii.hi¢li caniiot bc full). reLuworLd, aiid is Llas4ified under hcadiiigs of. thc slatemenl vr finaiicial activities to whicli it relatc%. F.xpeiidilure (Iii cliaritable aLtii'ili¢% incliidcs dll Costs incurred by a Cliarity in iiiidcrtakiT]g dctiTritie% iliii tiirtlicr its charit£lble aims tor Ihc benelit of it% bcncfiliarics, inLlllding thus¥ support Lost% aiid costs I"elaliiig t() Ihe govLrnanec of the ¢l)'Irity apporiioiicd tl) cliaritJbl¢ activitius. All co%ti arc allocalid lo cxpenditijie Ldtegorics Feflectiiig Ili¢ iise of Ihc resoiirc¢. Direct LosL4 dttribulable lo a siiigle dLtivity' arL allocaied (lirucilv to that a¢lll'ltJ'. Sliared costs drtt appoitioncd betti.een the activilic% tl)ey conli'ibule to oil a rea%()nable, juslitiablL and con%i51cni bdsis. GTants and donatir)n% are reLogiiis¢d i¥licn paid. 3.8 Ini'estniLllt4 lJnli4ted uquitj. iiii'estmLnts are iiiitially recordcd at cost, and siibsequLntly Iiic&5ured at fair valuc. If f<qir valuc L<21i1i01 bc rcliabl). mei£ f ured. asse1% arc mea%urcd at ¢(Isi Icss itnpairnient. Listed invcstmcnts arc measured al fair i'aluti with cliaii¥e% in fair valiie bciiig recogiistid iii profit ur losq. 3.9 financial instruments A financial dssct or a fii)anLial lial?ilil!i is recognised only when the Lnlity becoine% a party to the coiitra¢lii<l1 proiwisions ot-the instruinent. a%i¢ financial instrument.s are initidlly rLLULJlll4td at the diiioiint rvGeivÉible ()r paliable iiiLliidiiig any related ts'ai)saLiion costs, iinless thc arrangement con5titul¢s a findiicii)g transaction. where it is recognisc(I c2l the present i'aluc ot ilie future payment5 discounted li a market rate of Inte51 for a similar dcbi ii)%truinent. CutTel)t asscts 2nd Lurront lialiilities arc 5ubsequenily nilasured al the casli or other con%ideration expected to bc paid or receiv¢d and not disLiiunlcd. Other financial instruiiieiiti al'e initiall!, I'eLugniscd at fair valuc and are siib5cqueii1l) measured at flir i'aluc, with £iny cliangc% rL'¢orni%cd in prafit Dr105S. All equiti, in%trumcntS clrc asses£cd ii)(lii'iduallJ' for impairinent.
BALSTRAW LIMITTr'D COMPANY LIMITLD BY GUARANTEE NO'I'E5 TO THL FINANCIAL ST A'fJT.MF.NTS { rOpiÉlrtedj YEAR F.YDED 31 MARCH 2025 ACCOUNTJNC. POLICIES (L0111edJ Financixl instruments (cpNl¢Ktsed) Any r¢N'¢rsals ol. iinpairment arc rccognised immediately, to thL extent rhat ihi reversal doeq noi rcsult iii a carry'ing amount of tbe financial dsstit that excccds wlidi Ihc catrying am()unt ivould have b¢en hdd thc itnpainnenl not previously bccii recognis¢d. LtMITED BY CUARANTF.E The Lharity 18 a LoiiipanN. litnited by guarantee and has no sh¥ capilal. 'I'he liability, each Inember in ihe Cent of windingi up is limited to £ l. DOliATI0,s AfD LLGACIES UiircstriLted Total Tr'unds IInrestrictcd Total Funds 2025 Fuiid 2024 DO.YA'fIoNS Donations 186,000 186,000 270,000 270.0110 l)c)iidtions r¢¢eii'cd cnmpriqcs an #inoui)t rcce1ed from Nirlak¢ Invcsttn¢nts Limit¢d, subsidiarv undertdkiiio. of L186.0011 (2024.. £270:000). -l-he direclDrate ol- Nirlak6 Iiive%imenl.s Limitcd iniliidcs ccrtain of thc tru%tces of thL ¢haril). Ih'VESTME.Yf tNCOMF. Unr¢stricted T()t#l Fund5 L'nrL.%lricted I'utal Funds Fiinds 2025 F'unds 2024 Bank inlerest rcceived Intere.%t on fixe(I dSSCt investm¢nts Dividvndb recLived on fixed a%set ii)vestments LDan interest rLieived 5,982 9.048 5,982 9,048 5,274 9,179 5,274 Y,179 11.638 3,681 11,638 3,681 12,170 12,170 30,349 26,623 2C),623 EXPENDITIIRF. C)Tr4 CHARITABLE ACTIVIT'IF.S BY FiifD 'fYpE Unrestrictc(I I'otal Funds UnrustriLtcd Total funds Funds 21125 Flind 2024 Doiiation.% paid Support cost4 452.43J 21,62C) 474,Oi9 452,433 21,626 336,707 22,405 336,707 22,405 474,0$9 359,112 359,112
BAJ.STIL4W LIMITED COMPANY LTMITf.D BY GUAIL4Y'I'F.F. NO'I'ES TO T14C b.If*NClAL STATf.MF,YTS { coniinuedj YEAR ELNDFD 31 IVL4IICH 2025 EXPENDITURE ON CHARITABLE ACTIVI'IIF,S BY ACTtVlTY 'fYpE Graiil funding ot- aLtiwilics Support eo£ts 'rotal funds 2025 Toial ftind 2024 Dc)nTrÉ lions paid Governancc costs 452,433 4i2,433 21,626 474,Vf9 336,707 21,626 452,433 21,626 359,112 ANALY.%IS Oli GRANrs 2025 2024 GIIAINTS TO INSTITLTTI().NS Support af educatioii an(1 rLlief ol- povcrty l-oial grants 452,433 336.707 452,433 336,7U7 10
IIALS'I'IL4W LJ INII'I'ED C()MPANY LI.NII'I'F.I) BY GLAILiTrTEI E NOTf<,,S TO 'I'HE FI INANC.IAL ST ATL.MED'l'S fcont£nueilJ Yr,AK EDF.t) 31 MARCII 202$ J'AL YSIS OF GRY'1's All ¥rdnts aiid doiialion.% werc paid to charilable in4tilulions for the pu4)uses ol. citl)cr the advancemenl of educatiun ur the dllcviation of poverti,. The compusitioii of Llunatioiis is slioivii below. AcliisoiiiDLh Aid Compdny Limited Amiid Halzdokoh Trust BaLI' Ilalora Ltd Bcis Soroh Schncircr ()r Golders Cjreeii Limilcd (London) l.imited BLih JaLob Grlln1ar ScliL)ol flir Girls J,iiiiit¢d Ilikiir Cholim And GLmiliith Chesed .1 l'ust Briiish FriLnds of ye%hIa5 Sliaar¢i Llio¢hmo C.has(l¢i C,liaim Moishe Ch¥vra% MO'OL Ladol Ciingregation Yesod Avoda Tr'¥derdtion Of SswiiagJogu¢% l.rieiids of Bei4 Shloino Inc Fi"ieiid.% i)f 'l'oldos Avrolioiii YitLchok I'riend.q of IW i7.11it£ Limitcd Kdlial 'l"L)lJos A vrolioiii Yit7.¢hok K¢ren Ilabin)'an Limitcd Niirtli Loiidon Welfart And Ldiicational I,ound&tion Ilevach Vcha/.ola '[ rust Tdlinud Torah LduLdlion Limited Thc BLih Jacob Fnundatioi) 'rh¢ [-. r¢ida L()pe Community ('cnlr¢ Trust Torah (5759) l.imited United Tdlmudical Ilssociat¢s Lid YesainaLh LeN'ai' Yetev Lev I,oiid(?n Jerus1{ lem Triist 8undrv doLTralions less tlian £i,OUV individually 6,180 10.7611 4,960 3,000 15,201 3,000 4,100 6,0110 2U,630 ,001 4,9110 5,000 50,0110 14,000 20,000 loo,000 111,600 3,500 3,400 4,200 2,500 5,672 57,Oill 3,620 3,000 75,160 452,433 10. NF.T GAINS/(I,OSSF.,S) ON INVF.STI¥IE.N'rs lJiiresli'icted Total Furid% lJnrcstrict¢d 'fotal Funds Funds 2024 Gaiiis/(10s5eN) on rea]lIation of li%ted IIIVVSlments (Fainsl(l()4bes) on rcaluation ()[ invv%tmenls in group iindLrt<ikings Gainsl(l(i%ses) oIi disposal i)f listed iiivvstmentq 1161,445) (161,445) 72,8U4 72,804 (26,000) {26,000) (87,ooa) (87,0110} 190.895 13,865 (331) 3,450 {331)
BALS'I'RAW LIMITED COINIPANY LIMITED BY GLARANTEE IYOTfi.S TO THF, FINANCIAL ST ATEMENTS (cpnlinued) YF.AR EDE4 D 31 MARCH 202) I I. INDEPETrIDFN"I' .INA TIOJ FEES 2025 2024 I'e¢.q pa)'ablc tu the independent exaTnit]er for.. Iiidepeiidciit exaniin£ition ot. tlie financial st<2tetnLnls 4,680 4,560 12. STAFF COSTS The average head COULlt of ¢mployccs, including trustc¢%, during thL year li'as 8 (2024.. 7). Nc) salaries. wagFLS or beiielits liav¢ been paid to cmployecs during thc year. 13. TRUSTEL REII tLtNEILiTIOIY AND EXPF.NSF,S NTO rcniui)erdtion or otlier bcnefits froin cmploynient ivith Ihe Lharity or a relatcd entity were rcoeiN'cd by the trustees. No trii.stLe expLnses liave beLn incurred. 14. LVVESTMENTS hares in Listcd group investmLDls undertakings Total V2luation Ai l April 2024 Addition5 Dispc)sals Fair valu¥ movcments 1,221,463 1.576,176 (1.380,819) (161,4451 1,255.375 1,434,000 2,655,463 1,576,176 (IJ80,819) (26.000) {187,445) 1,408,000 2,663,375 At 31 March 2025 Impairmcnt At J April 2024 and 31 imarch 2025 Carrying amount Al 31 March 202$ 1,255.375 1.221,463 1,4n8,OOLI 1.434,000 2,663J75 At 31 March 2024 2,655,463 All inv¢%lments shown above are held al valuation. Valuatiou techniques of ftixed d.%set investm¢Dts I'he fail ialues of sharcs in group uiid¢rtakings arL dei¢rmined using the nct assets of the subsidiary undertakings. Listcd inve4tnienls have beeii profe.%%ioiially valiitrd at thc Balance Shcet datc b}, Ihe iiivestmciit tnandbiers at Quilt¢r Investment l)latfarn) Limited. Ili5toriedl cost model ThL hist()rical cost of fixed asset inweslmeiits at 31 MarLh 2025 is £1.253,348 (2024.. £1,057,991). 12
AL%TIiAW LJMITLD CON1PAy l.IIlll'l'ED BY GUAR.4NTEI F, NOTF.S 'I"O THE FINANCIAI. STA'fE.NILNTS (conlinued) YF,AII LJDED.31 MARC112025 15. INL VES.1M.NT LN'fITILS Company Coiintiy nf No. incorporativn Pcrcenlage of sliarcs held Class of sliare Subsidiar). ullderlakings Nirlakc InTrcstm¢nt.% Limitcd Lngland and 00714297 Ordinary 100 Thc registered addrL%s' of the sub.8idiary undertakiiig 15 Burlii)gton I l()use, 1075 1.inchlcy Road. l.i)J)doi), Nll'l l 01)U. Tli¢ atrl g)regatc asscts. lidhilities, capital aiid rescnTes for ilic 8iibsidiary as ai 31 Nqarcl) 2025 is as follows.. Nirlakc InvestmcDts Linlited Fixed a%%LIs Currciil &iset% Cun'Liil liabilities Proi'-isioiiq 1,217,888 294,753 (39,476) (6i,000) 1,408,165 N¢1 a%setb Aggre(Tale capital dnd reserves 1,408,065 A siimmary of lumover, expciiditurc and profiU(IDbS) for Ihe ycar eiided 31 Mdrch 2025 1% as tollows: Nirlake IiiTr'estnients Limited 'I"uriioiier Lost of sales ,Idiiiinislralii'L cxpenses Othcr opcratiiig iiicamc Prolil oil disposdl of iJ)vestiiicnt prupertv. Nct i'aludtion gain on fixed cl85et ini'uStmei)Is IiiterL5t receivable <iiid similar iiiLoInc Tax 133,293 (28,5¥6) (10,660) 4,229 39,780 6,460 16,275 (1,000) 159,791 Profil for the year 16. CREI)ITORS: amounts fallin% due Ivithin one year 2025 21124 Othcr ureditorq 54,680 59,120 Otlier creditors iiiclude an interest free l()an received for ¢haritable purpose.q of £50,000 (2024.. £50,000). 13
IIALS'I'RAW LIMITf.D COMPANY LIMITED BY C.UARANTEE NOTES TO'I'HE FINANCIAL SI'ATEMETr4TS { cglilinuedj YEAR LNDED 31 IMARCH 2025 17. ANALYSIS OF CHARIIABLL Tr"UF*DS Unrc¥tricted fuiids Al l April 2024 (Jdins and At Ios4es 31 March 202) Income Expcnditurc General I,unds 3,175.i53 216,349 (474,059) 3.450 2,921,293 At l April 2023 (iains and Iosscs Ai 31 MaTch 2024 Incotne r.xpenditure General F unds 3,238,373 296,623 (359,112) (331) 3,175.553 18. NALysIs OTr NF,T ASSETS BETWD:IN FUNDS Unrcstriclcd T(Trtal Funds Funds 2U25 liivcstinenls Current aqsets Credit()rs less than l year 2.663,375 312,598 (54,680) 2,663,375 312,598 (54,6140) 2,921,293 Net as.%¢ts 2.921,293 Unrestricled Toial Funds l unds 2024 In¢SInientS Current assets Crediti)rs Icss than l year 2,655,463 579,210 (59,120) 3,175,553 2.655,463 579,210 (59,120) 'et assets 3,175,553 19. Fif+lANCtAL ISTRUhNTs l-hc carrying amouni for each cate&ttry of fiiiaii¢ial instrum¥nl Is <iS folloivs.. 2025 2024 Financial assets measured at fair i'alue through income and expenditure FinariLi&l asscts M¢surcd at fdir i'aliic through incoii)e and expenditure 2,663,375 2,655,463 20. RELATED PARTIEI S Income from donations compriseq £186,000 {2024.. £270,000} rcceivablc from a sub.sidi&ry undertaking, a cotnpaiiy iii NN'hich Lertain trust¢es are directors. 14