Company registration number: 01357295 Charity registration number: 275629
**BULANSTAR LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
ClearFin Accountants Limited
## **Bulanstar Limited Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7—10|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities (including Income and Expenditure Account)|11|
**Bulanstar Limited Company No. 01357295 Trustees' Report For The Year Ended 31 March 2025**
The trustees present their report and the financial statements for the year ended 31 March 2025.
## **Objectives and Activities**
## **Aims and Objectives**
The objects of the charity are to advance religion in accordance with the Orthodox Jewish Faith and to support other charitable activities as are recognised under English Law.
Each year the trustees review their objectives and activities to ensure that they continue to reflect the trustees' aims. In carrying out their review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance, with focused regard towards the advancement of the Orthodox Jewish Faith and all its facets for the public benefit.
## **Public Benefit**
The charity’s principal activity is the provision of grants and donations to other charitable organisations, both in the UK and internationally, to support activities that further its charitable objects and deliver public benefit.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Achievements and Performance**
## **Main Achievements**
The charity has achieved its objectives during the year by supporting charitable causes and by maximising income from its available resources with the minimum of risk.
## **Financial Review**
## **Financial Position**
The charity enhanced its overall asset position by maximising the income from its available assets.
The charity received donations to supplement its income. The charitable expenditure was increased from that of the previous year.
## **Reserves Policy**
The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and have concluded that the general surplus is sufficient to achieve its objectives.
## **Structure, Governance and Management**
## **Governing Document**
The charity is governed by a the Memorandum and Articles of Association dated 13 March 1978, and formally registered with the Charity Commission on 31 July 1978.
## **Trustee Selection Methods**
The charity is managed exclusively by the trustees.
The charity's trustees periodically evaluate possible training requirement to best suit the charity's objectives.
## **Reference and Administrative Details**
## **Trustees**
Mr N Mayersohn Mr M Mayersohn Mr I Mayersohn
Page 1
**Bulanstar Limited Trustees' Report (continued) For The Year Ended 31 March 2025**
## **Charity Number**
275629
## **Company Number**
01357295
## **Registered Office**
Hallswelle House 1 Hallswelle Road LONDON NW11 0DH
## **Independent Examiner**
Isaac Hajioff FCA ClearFin Accountants Limited Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ
Page 2
## **Bulanstar Limited Trustees' Report (continued) For The Year Ended 31 March 2025**
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr N Mayersohn Trustee 26/12/2025
Page 3
## **Bulanstar Limited Independent Examiner's Report to the Trustees of Bulanstar Limited For The Year Ended 31 March 2025**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Isaac Hajioff FCA 26/12/2025 ClearFin Accountants Limited Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ
Page 4
## **Bulanstar Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**5**
Grant-making in furtherance of charitable objects
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**11**|**2025**
**Unrestricted**
**funds**
**£**
645,000
14|**2024**
**Unrestricted**
**funds**
**£**
69,999
3,440|
|---|---|---|
||645,014|73,439|
||(737,921)|(561,806)|
||(92,907)|(488,367)|
||(92,907)
167,413|(488,367)
655,780|
||74,506|167,413|
The notes on pages 7 to 10 form part of these financial statements.
Page 5
**Bulanstar Limited Balance Sheet As At 31 March 2025**
|**Notes**
**FIXED ASSETS**
Investments
**9**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**10**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**11**|**2025**
**Unrestricted**
**funds**
**£**
121|**2024**
**Total**
**funds**
**£**
121|
|---|---|---|
||121
84,319|121
177,226|
||84,319
(9,934)|177,226
(9,934)|
||74,385|167,292|
||74,506|167,413|
||74,506|167,413|
||74,506|167,413|
||74,506|167,413|
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr N Mayersohn Trustee 26/12/2025
The notes on pages 7 to 10 form part of these financial statements.
Page 6
**Bulanstar Limited Notes to the Financial Statements For The Year Ended 31 March 2025**
## 1. **General Information**
Bulanstar Limited is a company limited by guarantee, incorporated in England & Wales, registered number 01357295 and registered charity number 275629. The registered office is Hallswelle House, 1 Hallswelle Road, LONDON, NW11 0DH.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Exemption From Preparing Consolidated Financial Statements**
The charitable company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the charitable company as an individual entity and not about its group.
## 2.3. **Going Concern Disclosure**
The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.
## 2.4. **Incoming Resources**
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## 2.5. **Resources Expended**
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
## 2.6. **Investments**
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
## 2.7. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 2.8. **Foreign Currencies**
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
## 3. **Income from Donations and Legacies**
|.
**Income from Donations and Legacies**|||
|---|---|---|
||**2025**|**2024**|
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**£**|**£**|
|Donations and gifts|645,000|69,999|
4. **Investment Income**
Page 7
## **Bulanstar Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025**
|Bank interest receivable
.
**Analysis of Expenditure**
Grant-making in furtherance of charitable objects
Grant-making in furtherance of charitable objects|**Activities**
**undertaken**
**directly**
**£**
736,556|**2025**
**Unrestricted**
**funds**
**£**
14|**2024**
**Unrestricted**
**funds**
**£**
3,440|
|---|---|---|---|
|||**Support**
**costs**
(see note 6)
**£**
1,365|**2025**
**Total**
**£**
737,921|
||**Activities**
**undertaken**
**directly**
**£**
560,556|**Support**
**costs**
(see note 6)
**£**
1,250|**2024**
**Total**
**£**
561,806|
## 5. **Analysis of Expenditure**
6. **Support Costs**
|.
**Support Costs**|||
|---|---|---|
|General administration
General administration
.
**Independent Examiner's Remuneration**
Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services|**2025**
**£**
1,050
-
-
-
1,050|**2025**
**Grant-**
**making in**
**furtherance**
**of charitable**
**objects**
**£**
1,365|
|||**2024**
**Grant-**
**making in**
**furtherance**
**of charitable**
**objects**
**£**
1,250|
|||**2024**
**£**
960
-
-
-|
|||960|
7. **Independent Examiner's Remuneration**
Page 8
## **Bulanstar Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025**
## 8. **Average Number of Employees**
Average number of employees during the year was: NIL (2024: NIL)
## 9. **Investments**
|**Cost or Valuation**
As at 1 April 2024
As at 31 March 2025
**Provision**
As at 1 April 2024
As at 31 March 2025
**Net Book Value**
As at 31 March 2025
As at 1 April 2024|**Subsidiaries**
**£**
121|
|---|---|
||121|
||-|
||-|
||121|
||121|
## 10. **Creditors: Amounts Falling Due Within One Year**
|Other creditors
Accruals and deferred income|**2025**
**£**
7,292
2,642
9,934|**2024**
**£**
7,292
2,642|
|---|---|---|
|||9,934|
## 11. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1 April**
**2024**
**£**
167,413|**Income**
**£**
645,014|**Expenditure**
**£**
(737,921)|**As at 31**
**March 2025**
**£**
74,506|
|---|---|---|---|---|
||167,413|645,014|(737,921)|74,506|
||**As at 1 April**
**2023**
**£**
655,780|**Income**
**£**
73,439|**Expenditure**
**£**
(561,806)|**As at 31**
**March 2024**
**£**
167,413|
||655,780|73,439|(561,806)|167,413|
## 12. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
Page 9
## **Bulanstar Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025**
No trustee expenses have been incurred.
## 13. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
## 14. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 10
**Bulanstar Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations from organisations
**Investments**
Bank interest receivable
**EXPENDITURE ON:**
**Charitable Activities:**
**Grant-making in furtherance of charitable objects**
Grants and donations payable
Foreign exchange surplus
Independent examiner's fees
Legal fees
Bank charges
**NET EXPENDITURE**|**2025**
**Total**
**funds**
**£**
645,000|**2024**
**Total**
**funds**
**£**
69,999|
|---|---|---|
||645,000
14|69,999
3,440|
||14|3,440|
||645,014
(736,556)
-
(1,050)
(262)
(53)|73,439
(576,839)
16,283
(960)
(241)
(49)|
||(737,921)|(561,806)|
||(737,921)|(561,806)|
||(92,907)|(488,367)|
Page 11