COMPANY NO.. 00803733 FRIENDS OF BIALA LIMITED (A Company limited by guarantee} Trustees, report and financial ststements for the period ended 31 March 2025 ROSENTHAL & CO. Chartered Accountants 74 Whitehall Road Gateshoad Tyne & Wear NE8 4ET
FRIENDS OF 81ALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT Year Ended 31 March 2025 LEGAL AND ADMINISTRATIVE DETAILS Name FRIENDS OF BIALA LIMITED Charity règistration number 271377 Company registration number 00803733 Registered address 74 WHITEHALL ROAD GATESHEAD TYNE & WEAR NE8 4ET Charity Tru8ts0s Y.M. Halberstadt M.T. Glausiusz M. De Jong Independent examinèr M Rosenthal Rosenthal & Co Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET BankerJ HSBC
FRIENDS OF BIALA LIMITED Company Limited by Guarante• TRUSTEES. ANNUAL REPORT Year Ended 31 March 2025 The Trustees, who are also the directors for the purposes of company law, present their Annual Report together with the unaudited financial statements of the Charity for the period ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the finanaal statements. Trustees The Trustees who served the charty during the period wefe as foll0y. Y.M. Halberstadt M.T. Glausiusz M. De Jong STRUCTURE, GOVERNANCE AND MANAGEPIIENT Governing Documont Friends of Biala Limited is a Company limited by guarantee., its goveming documents are th its Memorandum and Articles of Association. It was incorporated on 4 May 1964 as a company and the company number is 803733. The Memorandum and Articles of th Association were amended on 8 January 1971. Friends of Biala Limited was registered as a charity on 3 June 1976 vrith charity number 271377. The Charity is run by the Directors of the Company, who are also Trustees for the purpose of charity law. The Trustees have all served throughout the period and all act in an honorary capacity. None of the Trustees have any beneficial interest in the Charity New Trustees are appointed based on personal competence. availability, specialist skills, knowledge of, and contact with institutions professing and teaching the principles of traditional Judaism and the advanment of religion in accordance with the Jewish faith. New Trustees are inducted into the workings of the Charity by the existing Truslees and are given aCsS to the Charity Commission publications.
FRIENDS OF BIALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT (Continued) Year Ended 31 March 2025 Objectives and activitias The principle objectives of the charity are-.- a) to foster, assist and promote the charrtable activities of The Biala Institutions both in the UK and abroad which profess and teach the principles of traditional Judaism and further Jewish Education bl lo advan religion In accordance wilh the Orthodox Jewish Faith cl to give aid to and support needy persons in general. The charity reiVeS income mainly from its investment properties, and by donations from persons and entities connected to the trustees which It utilises in the provision and distribution of grants and donations. The aim is to distribute these profits to organisations that fall within the objectives of the Charity The charity's principal activity throughout the year was the provision and distribution of various grants as well as providin9 Synagogue premises, and no change is envisaged in the immediate future. The Charity is organised so that the trustees meet regularly to manage its affairs. The Charity does not employ any staff or use voluntary assistance. Administration of the charity is dealt with by the trustees and its accountants. Publlc Benefit Policy We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Grant Making Policy Grants are made to charitable institutions and organisations that accord with the objects of the Charity. Investment Pollcy The Trust Deed authorises the Trustees to make and hold investments using the general fund of the Charity.
FRIENDS OF BIALA LIMITED Company Limitsd by Guarantee TRUSTEES. ANNUAL REPORT {Continued) Year Ended 31 March 2025 Risk Management The Trustees have assessed the major risks to which the Charity is exposed. in particular those related to the operations and finance of the Charty. and are satisfied that systems are in place to mitigate its exposurè to those risks. Strategic report The following sections for achievements and perfornian and financial review fonn the strategic report of the Charity. A¢hievoments and perlomiance During the year there were no donations made to charitable institutions (2024.. £5000). Financial review As at 31 March 2025 the charity held reserves of £1,627,993 {2024.' £1.688,152). Reservo8 Policy The Unrestficted Fund represents the unrestricted funds arising from past operating results. The Irustees are satisfied that the balance of the Fund is at an acceptable level of reseryes. The Trustees have retained a large reseNe as they wish to continue supporting the building and supporting further Biala Synagogues in the UK and Israel. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees are responsible for preparing the Trustees, Annual Report and Financial Slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). Company law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the stste of affairs of the Charitable Company and of the incoming resources and application of resources for that period.
FRIENDS OF 8IALA LIMITED Company Limitsd by Guarantse TRUSTEES, ANNUAL REPORT Icontinued) Year Ended 31 March 2025 TRUSTEES, RESPONSIBILITIES STATEMENT (Continued) In preparing these Financial Statements, the Trustees are required to.. selett suitable accounting policies and then apply them consistently., observe the methods and principles In the Charities SORP., make judgements and accounting esiimales that are reasonable and prudent". state whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained In the Financial Slatemenls., and prepare the Financial Statements on the going concern basis unless it Is inapproprsate lo presume that the Charrty will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain Ihe Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. SMALL COMPANY PROVISIONS This report has been prepared in accordan wtth the provisions applicable to companies entitled lo the small companies exemption. The Trustees, Annual Report was approved on 16 May 2025 and signed on behalf of the Trustees. Y.M. Halbersfadt Trustee
FRIENDS OF BIALA LIMITED Indepéndent examinevs report to the directorn and trugtee8 of FRIENDS OF BIALA LIMITED We report on the accounts of the company for the period ended 31 March 2025, wtiich are set out on pages 4 to 7. Resp8Gtive respon$lbllltl•s of thè trustoes and examlner As the Charity's Dire¢lors and Trustees you are résponsiblè for the preparation of the Accounts and you consider that the audit requirement of section 4312) of the Charrties Act 19931.the Act 21 doès not apply. 11 is our responsibility lo slate, on the basis of procedures specified in the General Directions given by the Charity Comrnissioners under section 43171 of the Act, whether particular matters have come to our attention. Basis of independent examinorfs report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes o review of the accounting records kept by Ihe Charity and a comparison of the Accoun15 presented with those records. It also includes consideration of any unusual Items or disclosure5 in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit, and consequently we do not express an audit opinion on the view given by the Accounts Indepondent •xaminerf$ statement In connection with my examination no matter has come lo my attention.. 11 which gives me reasonable cause to b61ievo that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act. and to prepare financial statements which accord wth the accounting records and comply with the requirements of the Act and the Regulations have not been met, or 21 to which. In my otynion, attention should be dravm in order to enae a proper understanding of the accounts to be reached. ROSENTHAL & CO. Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET 16 May 2025
FRIENDS OF BIALA LIMITED Statement of financial activities (including income and expenditure account) For the period ended 31 March 2025 2025 2024 Notes investment Income Property income Donations received 50342 347 12100 1518 Total incoming rere•S 50689 13618 Less: Investment management costs Property expenses Finance Costs 1225191 86108 186951 75064 108627 83759 Net incoming resources available For charitable applicatton 57938 70141 Charitable activities Grants payable Isooo) Governance costs 2221 5338 Total governanGelcharitable •xpgnditure Total resources expended 2221 10338 94097 Net movement in funds 160159) (80479> Total funds brought forward 8152 8631 Totsl funds carried forwanl 1627993 1688152
FRIENDS OF BIALA LIMITED Balance sheet As at 31 March 2025 2025 2024 Notes Fixed Assets Investments 2466365 2466365 Current assets Debtors Cash at bank 182 1017 685 182 101888 163487 Creditors. Amounts falllng due within one year 97 3600 159887 Total assets less current Ilabilitlo• 2566093 2626252 Creditors: Amounts falllng due After more than one year 9381 938100 Net Assets 1627993 1688152 Funds Unrestricted funds 1627993 1688152 The financial slalements are prepared in a¢¢ordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Ents'ties (effective January 2008). For the year ended 31 March 2025 the company was entrtled to exemption under section 477{2) of the Companies A¢t 2006. No members have reqUId the company to obtain an audit of its accounts for the year in question In accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilily for.. Ensuring the company keeps accounting records which comply the section 386. and Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with section 393, and which otherwise comply with the requirements of the Companies Act relating lo accounts, so far as applicable lo the company The financial statements were approved by the trustees on 16 May 2025 and signed on their behalf b YMHA Director DT
FRIENDS OF BIALA LIMITED Notes to the financial statements for the period ended 31 March 2025 1. Accounting policies 1.1 Accounting convention The financial statements are prepared under the historical Cost convention and in accordance with the Financial Reporting Siandar¢J for Smaller Entities (effective January 20081 and the Statement of Recommended Practice Charities- (SORP 20051 issued in March 2005 Accounting and Reporting by 1.2 Incoming resources iolunlary Income Is received by way of cjonations and is Included in full in the Statemenl of Financial Activities when receivable. Income from investments is inciuded in the penod in which it Is receivable. 1.3 Re$our¢es expended Resources expended are recognised in the year in which they are incurred. Governance costs are those Incurred in connection with administration of the charity and compliance with constitutional and slatulory requirements. 1.4 Investmants Fixed asset investments a stated at net Gost or valuation less provision for diminution in value. 2. Governance costs 2025 2024 Accountancy Interest and charges 2160 61 3600 1738 2221 5338 3. Trustees, emoluments No trustee received remuneration or reimbursement of expense$
FRIENDS OF BIALA LIMITED Notes to the financial statements for the period ended 31 March 2025 4. Fixed asset inv08tments Other unll8ted investm•nt8 Total As al 1 April 2024 and as al 31 March 2025 2466366 2466365 S. Debtors 2025 2024 Other debtors 182 685 6. Creditors: amounts falllng due within one yèar 2025 2024 Accruals 2160 3600 7. Creditors: Amounts falllng due After one year 2025 2024 Bank loan Othei loans 668706 269394 668706 26 938100 938100 10-