coTrtPANY REC.ISTIUTION TrWTr￿BER: 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' AP*ryUAL 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[P￿Ny SLCRF.TAR Y
Mrs lisi Frankel
INDEPTr:NDF,h'T EMMtNER Dov H￿ri.5 I,'CA
STRL,CI'IIiE, GOVTr".RNANCE AND MANAG[TrIE￿T
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 Ch￿Ily, 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' ANP*UAL RLPORT (INC.ORPOR.ITINC. 'fHF. DIIiECTOR'S IIF.VORT)
YEAR E.NDTr.D 31 .MAIICI12025
STRUCTITRF., cOVF,RNA￿'cF. AP*D 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 Af*D 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 fl￿11 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 (1￿CoRPORATING 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 Ex￿nItIer
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. FI￿ANCIAL 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 LNFoR￿lA'F1o￿,
The Ch￿ily ]% d public h¢nefit Cl)tity and a prii.'alc compcin), limited by gU￿&ltee, 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 LO￿LIANC.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)
COMPAP*Y LIMI'I'ED IIY CLAIiAN'TEE
NOTb:S TO TFIL FIP*AP*C.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 Inte￿51
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'¢or*ni%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 {
rOpiÉlrt￿edj
YEAR F.YDED 31 MARCH 2025
ACCOUNTJNC. POLICIES (L0￿11￿1￿edJ
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 C￿ent of windingi up is limited to £ l.
DOliATI0￿,s Af*D 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 rcce1￿ed 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 Fiif*D '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 GLAILiTr*TEI E
NOTf<,,S TO 'I'HE FI INANC.IAL ST ATL.MED*'l'S fcont£nueilJ
Yr,AK E￿DF.t) 31 MARCII 202$
J'AL YSIS OF GR￿Y'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 Gr￿lln1ar ScliL)ol flir Girls J,iiiiit¢d
Ilikiir Cholim And GLmiliith Chesed .1 l'ust
Briiish FriLnds of ye%hI￿a5 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 re￿a]lIation of li%ted
IIIVVSlments
(Fainsl(l()4bes) on rc￿aluation ()[
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 E￿DE4 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
CON1PA￿y 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 I￿STRUh￿NTs
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