COMPANY NO: 00803733 FRIENDS OF BIALA LIMITED (A company limited by guarantee) Trustees, report and financial statements for the period ended 31 March 2026 ROSENTHAL & CO. Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET
FRIENDS OF BIALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT Year Ended 31 March 2026 LEGAL AND ADMINISTRATIVE DETAILS Name FRIENDS OF BIALA LIMITED Charity registration number 271377 Company registration number 00803733 Registered address 74 WHITEHALL ROAD GATESHEAD TYNE & WEAR NE8 4ET Charity Trustees Y.M. Halberstadt M.T. Glausiusz M. De Jong Independent examiner M Rosenthal Rosenthal & Co Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET Bankers HSBC
FRIENDS OF BIALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT Year Ended 31 March 2026 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 2026. 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 financial statements. Trustees The Trustees who served the charity during the period were as follows: Y.M. Halberstadt M.T. Glausiusz M. De Jong STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Friends of Biala Limited is a Company limited by guarantee; its governing documents are its Memorandum and Articles of Association. It was incorporated on 4th May 1964 as a company and the company number is 803733. The Memorandum and Articles of Association were amended on 8th January 1971. Friends of Biala Limited was registered as a charity on 3rd June 1976 with 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 advancement of religion in accordance with the Jewish faith. New Trustees are inducted into the workings of the Charity by the existing Trustees and are given access to the Charity Commission publications.
FRIENDS OF BIALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT (Continued) Year Ended 31 March 2026 Objectives and activities The principle objectives of the charity are:_ a) to foster, assist and promote the charitable activities of The Biala Institutions both in the UK and abroad which profess and teach the principles of traditional Judaism and further Jewish Education b) to advance religion in accordance with the Orthodox Jewish Faith c) to give aid to and support needy persons in general. The charity receives income mainly from property rental income. The charity's principal activity throughout the year was the provision and distribution of various grants as well as providing 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. Public 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 Policy The Trust Deed authorises the Trustees to make and hold investments using the general fund of the Charity.
FRIENDS OF BIALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT (Continued) Year Ended 31 March 2026 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 Charity, and are satisfied that systems are in place to mitigate its exposure to those risks. Strategic report The following sections for achievements and performance and financial review form the strategic report of the Charity. Achievements and performance During the year there were no donations made to charitable institutions (2024: £0). Financial review As at 31 March 2026 the charity held reserves of £1,666,469 (2025: £1,627,993). Reserves Policy The Unrestricted Fund represents the unrestricted funds arising from past operating results. The trustees are satisfied that the balance of the Fund is at an acceptable level of reserves. The Trustees have retained a large reserve 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 Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources for that period.
FRIENDS OF BIALA LIMITED Company Limited by Guarantee TRUSTEES, ANNUAL REPORT (Continued) Year Ended 31 March 2026 TRUSTEES. RESPONSIBILITIES STATEMENT (Continued) In preparing these Financial Statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and accounting estimates 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 Statements; and prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the 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 accordance with the provisions applicable to companies entitled to the small companies exemption. The Trustees, Trustee nnual Report was approved on 16 May 2026 and signed on behalf of the Y.M. Halber Trustee tadt
FRIENDS OF BIALA LIMITED Independent examiner's report to the directors and trustees of FRIENDS OF BIALA LIMITED We report on the accounts of the company for the period ended 31 March 2026, which are set out on pages 4 to 7. Respective responsibilities of the trustees and examiner As the Charity's Directors and Trustees you are responsible for the preparation of the Accounts and you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act 2) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to our attention. Basis of independent examiner's report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures 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. Independent examiner's statement In connection with my examination no matter has come to my attention: 1) which gives me reasonable cause to believe 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 with the accounting records and comply with the requirements of the Act and the Regulations have not been met, or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ROSENTHAL & CO. Chartered Accountants 74 Whitehall Road Gateshead Tyne & Wear NE8 4ET 16 May 2026
FRIENDS OF BIALA LIMITED Statement of financial activities (including income and expenditure account) For the period ended 31 March 2026 2026 2025 Notes Profit on Sale of Investment 66083 Investment Income Property income Donations received 53105 50342 347 Total incoming resources 119188 50689 Less: Investment management costs Property expenses Finance Costs (3159) (75727) (22519) 86108 108627 Net incoming resources available For charitable application 40302 57938 Charitable activities Grants payable Governance costs 1826 2221 Total governancelcharitable expenditure 1826 2221 Total resources expended 80712 110848 Net movement in funds 38476 (60159) Total funds brought forward 1627993 1688152 Total funds carried forward 1666469 1627993
FRIENDS OF BIALA LIMITED Balance sheet As at 31 March 2026 2026 2025 Notes Fixed Assets Investments 2391365 2466365 Current assets Debtors Cash at bank 182 74822 182 101706 75004 101888 Creditors: Amounts falling due within one year (1800 73204 2160 99728 Total assets less current liabilities 2464569 2566093 Creditors: Amounts falling due After more than one year (798100) 938100 Net Assets 1666469 1627993 Funds Unrestricted funds 1666469 1627993 The financial statements are prepared in accordance 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 Entities (effective January 2008). For the year ended 31 March 2026 the company was entitled to exemption under section 477(2) of the Companies Act 2006. No members have required 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 responsibility 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 to accounts, so far as applicable to the company. The financ" behal tements were approved by the trustees on 16 May 2026 and signed on their .M.HALB Director RSTAD
FRIENDS OF BIALA LIMITED Notes to the financial statements for the period ended 31 March 2026 1. Accounting policies 1.1 Accounting convention The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008) and the Statement of Recommended Practice Charities - (SORP 2005) issued in March 2005. Accounting and Reporting by 1.2 Incoming resources Voluntary income is received by way of donations and is included in full in the Statement of Financial Activities when receivable. Income from investments is included in the period in which it is receivable. 1.3 Resources 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 statutory requirements. 1.4 Investments Fixed asset investments are stated at net cost or valuation less provision for diminution in value. 2. Governance costs 2026 2025 Accountancy Interest and charges 1800 26 2160 61 1826 2221 3. Trustees, emoluments No trustee received remuneration or reimbursement of expenses.
FRIENDS OF BIALA LIMITED Notes to the financial statements for the period ended 31 March 2026 4. Fixed asset investments Other unlisted investments Total As at 1 April 2025 Sale of investment 2466365 75000 2466365 75000 As at 31 March 2026 2391365 2391365 5. Debtors 2026 2025 Other debtors 182 182 6. Creditors: amounts falling due within one year 2026 2025 Accruals 1800 2160 7. Creditors: Amounts falling due After one year 2026 2025 Bank loan Other loans 528707 269393 668706 269394 798100 938100