Chaiity reglstration number 326329 IEngland and Wales
Company reglstration number 01671900
LOCALTRENT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
30101120

LOCALTRENT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
Mr Hyman Weiss
Mr Philip Weiss
Charity number
326329
Company number
0167191x1
Principal address
Heaton House
148 Bury Old Road
Manchester
M7 4SE
Registered office
Heaton House
148 Bury Old Road
Manchester
M7 4SE
Independent examiner
Lopian Gross Barnett & Co
1 st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 SFS

LOCALTRENT LIMITED
CONTENTS
Page
Governors, report
Independent examinerfs report
Statement of financial activities
Balance sheel
Notes to Ihe financial ststements
7-16

LOCALTRENT LIMITED
GOVERNORS, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The governors presènt their report and accounts for the year ended 31 March 2024.
The accounts have been prepared in accordan￿ with the accounting policies set out in note 1 to Ihe accounts
and comply with the charity's governing document. the Companies Act 2006 and "Accounting and Reporting by
Charities.. Slalement 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). (as amended for
accounting periods commencing from 1 January 2016).
Objectives and activities
The charity's objectives are to aid the advancement of religion in accordance with the Orthodox Jewish faith and
the relief of poverty and other charitable purposes for the public benefrt. The policies adopted in furtherance of
these objects are lo identify Orthodox Jewish Charities which carry oul activities such as promding Orthodox
Jewish education and other activities which advance religion in accordance with the Orthodox Jewish failh or
which relieve poverty and Ihere has been no change in these during the year.
Each year, the govemors confirm that they have referred to guidan￿ contained in the Charity Commission
general guidance on public benefit when reviewing the charity's aims and objectives and in planning future
activities and setting the grant making policy for the year.
The charily's income is generated from investrnent income and gains and charitable donations which is then
distributed to meet the above objectives after allowing for fvnds required for investment in the char(ly joint
property syndicates.
The objective of the tharity for the year was to maintain a stable flow of donations lo worthy causes in the Jewish
community. The govemors also aim to expand the chanty's investment portfolio when the opportunity arises. No
particular criteria or measures are used lo assess Success in achieving these aims or objectives.
The governors have paid due regard to guidance issued by the Charity Commission in deciding what activities
the charity should undertake.
Achievements and performance
The charity has continued to distribute funds to other charities and charitable causes during the year. The
governors are pleased wtth the investment perfonnance and with the level of donations given to worthy causes.
Financial review
The govemors, investment powers are governed by the companys Memorandum of Association which permits
the company lo invest as may be delemiined by the govemors.
The governors, are experienced property investors and have invested the company's funds in various properties
wlth others in order to generate funds for distribution. Investments are chosen on the basis of achieving a yield in
excess of that available from cash deposits while maintaining a high degree of security of income and the
underlying assets.
DuTing the year, in order to simplfy matters. the charivs subsidiaries transferred all of their investment property
interests lo the company al book value.
The charitys own investments generated £278,443 {2023. £299.200) with a further £255.000 {2023.' 208.500) in
donations. There were gains were made on the sale of property investments in the year of £16,248 (2023..
£96.469J. Accordingly, the lotal of incoming resources were £549.691 (2023 £604,169) which left a surplus of
£531,069 (2023 '. £585,574) after expenses of £18,622 (2023: £18,595).
The charily distributed £571.816 (2023.. 241,830) to various charities for the relief of poverty and the
advancement of religion in accordan￿ with the Orthodox Jewish faith.

LOCALTRENT LIMITED
GOVERNORS. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
There is no policy to maintain a level of re5enps other than as requiTed for the charity's investment portrolio.
The governors. investment powers are govemed by the thariws memorandum of association that permits the
charity to invest as may be determined by the govemors.
The governors have assessed the major risks to which the charity is exposed. and are satisfied that systems are
in place lo mitigate exposure to the major risks.
Structure, govemance and management
The charity is a company limited by guaranlee. It was incorporated on 14 October 1982 and registered as a
charity on the same date. The company was established under a Memorandum ofAssocialion which established
the objects and powers of the charitable company and is govemed under ils Artides ofAssociation.
The governors. who are also diredors for the Purpose of company law, and who served during the year were:
Mr Hyman Weiss
Mr Philip Weiss
Governors are recommended and appointed by the Board of Governors, training would be offered to new
governors by exisling govemor5.
None of the govemor5 has any beneficlal interest in the company. All of the govemors are members of the
company and guarantee to contribute £1 in Ihe event of a winding up.
The board of govemors administers the charity.
The governoTS' report was approved by the Board of Govemors.
Mr Hyman Weiss
Governor
Dated:

LOCALTRENT LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE GOVERNORS OF LOCALTRENT LIMITED
I repart to the governors on my examination of the financial statements of Locallrenl Limited {the charity) for
the year ended 31 March 2024.
Responsibilities and basis of report
A5 the governors of the charity (and also its directors for the purposes of company law), you are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charty are not required to be audited under Part 16
of the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination
of the charity's financial statements carrted out under section 145 of the Charilies Act 2011. In carrying out my
examination I have followed Ihe Directions given by the Charity Commission under section 145{5){b} of the
Charities Act 2011.
Independent examinevs statement
Since the charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confimi that l am qualified to undertake Ihe examination because l am a member
of The Inslitule of Chartered Accountants in England and Wales. which is one of the listed bodies.
I have completed my examinalion. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies
Act 2006.
the financial statements do not accord with Ihose records- or
the financial statements do not comply with the accounting requirements of seclion 396 of the Companies
Act 2006 olher than any requirement Ihal Ihe financial statements give a true and fair view, which is not a
matter considered as part of an independent examination.. or
the financial statements have not been prepared in accordance with the melhods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable lo charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102).
I have no COn￿rnS and have come across no other matters in connection WFth the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the finanaal statements to
be reached.
Jason Selig BA FCA CTA DChA
Lopian Gross Barnett & Co
Chartered Accountants
1 st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Dated:3010112025

LOCALTRENT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Unrestricted
funds
funds
2024
2023
Notes
Income and endowments from:
Oonalions and legacies
Investment income
Other incoming resources
255.000
278,443
16.248
208,500
299,200
96,469
Totsl income
549.691
604,169
enditure on..
Charitable activities
571,816
241.830
Other
11
18.622
18,595
Total resources expended
590.438
260,425
Net lexpenditure)lincome for the yearl
Net movement in funds
(40,74n
343,744
Fund balances at 31 March 2024
1,786,124 1.826,871
The stslement of financial activities includes all gains and losses recognised in the year.
The statement of financial activtlies includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
The statement of financial acliwlies also complies with the requirements for an income and expenditUTe accounl
under the Companies Act 2006.

LOCALTRENT LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Investment properties
Inveslrnents
Investments in joint property syndicates
13
14
15
400,000
100
2,138,151
400.000
110
2.129,936
2,538.251
2.530,046
Current assets
Debtors
Cash at bank and in hand
16
1.958
216.337
3,279
285,030
218,295
288,309
Creditors: amounts falling due within
one year
18
(917,528)
(918,458)
Net current liabilities
(699,233)
(630.149)
Total assets less current liabilities
1,839,018
1,899,897
Creditors: amounts falling due after
more than one year
19
{52,894)
(73,026)
Net assets
1,786,124
1,826,871
Income funds
Unrestricted funds
1,786,124
1.826,871
1,786.124
1,826,871
The company is enlitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, forlhe year ended 31 March 2024.
The directors aCknO￿edge theif responsibilities for complying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of financial statements.
The members have nol required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable lo companEs subject
to the small companies regime.
3010112025
The financial statements were approved by the Govemors on .........................
Mr Hyman Weiss
Governor
Company Registration No. 01671900

LOCALTRENT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash {ab50rbed by)Igenerated from
operations
(61,740)
315.062
Investing activities
Proceeds from the disposal of joint property
syndicate inveslmenls
Proceeds from disposal of subsidiaries
{8.215)
10
(57,178)
Net cash used in investing activities
(8,205)
(57,178)
Financing activities
Repayment of bank loans
1,252
(29.288)
Net cash generated froml(used in)
financing activities
1.252
{29.288)
Net {decrease)lincrease in cash and cash
equivalents
{68.693)
228,596
Cash and cash equivalents at beginning of year
285,030
56.434
Cash and cash equivalents at end of year
216.337
285,030

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity inforniation
Locallrenl Limited is a private company limited by guarantee incorporated in England and Wales. The
registered office is Heaton House. 148 Bury Old Road. Manchesler. M7 4SE.
1.1 Accounting Convention
The accounls have been prepared in accordan￿ with the Companies Act 2006 and 'Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)°
(as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity
as defined by FRS 102.
The financial statements are prepared in sterling, which is Ihe functional currency of the charity- Monetary
amounts in these financial statements are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and ￿rtain financial instruments at fair
value. The principal accounling policies adopted are sel out below.
1.2 Going concern
At the time of approving the financial statements. the governors have a reasonable expectation that the
charity has adequale resources to continue in operational existence for the foreseeable future. Thus the
governors continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
UnTeslricted funds are available for use at the discretion of the govemors in furtherance of their charitable
objectives.
Funds held by the charty are all unreslricted. These being fijnds which can used in a￿Ordan￿ with the
charitable objects at Ihe discretion of Ihe govemors.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity-
1A Income
Income is recognised when the charity is legally entitled to it after any performan￿ conditions have been met.
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipl. Other donations are recognised once the charity has been nottfied
of the donalion. unless performance conditions require defeThal of the amounl. Income tax recoverable in
relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re￿Ipt or otherwise rf the charity has been notified of an impending distribution,
the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty. it is probable that a transfer of economic benefrts will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity- Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more Ihan one activity and
support costs which are not altributable lo a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the ports-on of the asset's use.
Expenditure is recognised on an accruals basis as a liabilty is incurred.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for ils beneficiaries. It indudes both costs that can be allocated direclly lo such activtties and those
costs of an indirect nature necessary to support them.
Other costs inctude all costs involving the public accountability of the charity and its compliance with
regulation and good practi￿. These include costs related to legal fees.
Charitable distributions represent donations paid to religious, educational and similar charities. and are
recognised when payment is made by the charwty.
1.6 Investment properties
Investment property. which is property held to eam rentals andlor for capital appreciation. is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
it is rneasured at fair value at the reporting end date. The surplus or defictt on revaluation is recognised in
profit or loss.
1.7 Fixed asset inveslments
A subsidiary is an entity conlrolled by the charity. Control is the power to govem the financial and operating
policies of the entity so as lo obtain benefits from its activities.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks.
1.9 Financial instruments
The charity has elecled to apply the provisions of Section 11 'Basic Financial Instrurnents, and Section 12
'Other Finanaal Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provI￿OnS of the instrument.
Financial assets and liabilities are offset. wtth the net amounts presenled in the financial slalemenls, when
there is a legally eTrf0r￿ab1e right lo set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
inlerest method. Financial assets classified as receivable within one year are not amortised.

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continuedl
Basic financial liabilities
Basic financial liabilities, induding creditors and bank loans are initially recognised at Iransaction price unless
the arrangement constitutes a financing transaction.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Investments in jOFnt property syndicates
The charity has a number of joint interests in various properties each of which is owned by a syndicate of
similar partiripalors. These investments are stated at the nel cost of participation in the syndicate plus
accumulated SUTpluses less deficiences and drawings from the syndicate.
No revaluation of the underlying properties has been reflected in the accounts.
1.11 Group accounts
The financial statements present information about the company as an individual undertaking and not aboul
its group. The company and its subsidiary undertakings comprise a small-sized groLtp. The company has
therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to
prepare group accounts.
Critical accounting estimates and judgements
In the application of the charity's accounting policies. the govemors are required to make Judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experTrence and other
fadors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions to accounting
estimates are iecognised in the period in which the estimate is revised whefe the revision affects only that
period, or in the period of the rewsion and future periods where the rewsion affects both current and future
periods.
Donations and legacies
2024
2023
Donations and gifts
255.000
208,500
Donations include £ Nil (2023= Nil) froffl the company's subsidiaries.

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted Unrestricted
funds
funds
2024
2023
Rental income
Rental expenses
5,216
(3.328)
11.556
{7,084)
Net rental income
1,888
4,472
Dividends from subsidiary undertakings
Property investment surpluses
Interest receivable
14,123
280,575
30
276,312
243
278,443
299,200
Other incoming resources
Unrestricted Unrestricted
funds
funds
2024
2023
Gain l (Loss) on disposal of property investments
16,248
96,469
Charrtsble activities
Charttable Charitable
distributionsdistributions
2024
2023
Grant funding of activities (see note 7)
571,816
241,830
10-

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
Charitsble
Charitable
distributions distributions
2024
2023
Grants lo institutions-.
Orthodox Jewish education & religious studies
Advan￿ment of religion & orthodox Jewish faith
Relief of hardship & poverty in Jewish communrty
112.660
210.646
248,510
63,560
65.550
109,380
571,816
241,830
Material grants issued in the period were-
Zoreia Zedokos
Chernobel Shul
Bels Aaron Trust
Chasdei Yoel Charitable TTUSt
Belz Machnovke
Yad Vochesed
Cong Yetev Lev
KH De Salmar
Lehachzikom UK
Ridgesave Lld
Shir Chesed Bels Yisroel
58.500
42,000
40,000
33.950
27,980
25.000
20.100
20,000
20.000
20.000
20.000
357,530
214,286
Other grants Oess than £20.000)
571,816
Net movement in funds
2024
2023
The net fflovement in funds is stated after chargingl(crediting):
Fees payable for the independent examination of the charivs financial
statements
Profit on disposal of tangible fixed assets
7,100
<16,248)
8,480
(96,469)
Governors
3010112025
None of the govemors (or any persons connected with them) received any ￿MUneratIOn or expenses during
the year.
11

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Tolal
There were no employees whose annual remuneration was more than £60,000.
11 Other
2024
2023
Accountancy charges
Sundry expenses
Bank charges and interest
Financing costs
Insurance
7,100
1,614
539
8.691
678
8.480
1.673
317
7,437
688
18,622
18,595
12 Taxation
The activities of Localtrent Limited are exempt from direct taxation under part11 of Corporation Tax Acl 2010.
13 Investment property
2024
Fair value
At 1 April 2023 and 31 March 2024
400,000
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the
governors who have considerable experience within the commercial property sector. The valuation was made
on an open market value basis by relerence to market evidence of transaction prices for similar properties.
2024
2023
Freehold
400,000
400,000
12-

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Fixed asset inveslments
Other
investments
Cost or valuation
Al 1 April 2023
Disposa15
110
{10)
Al 31 March 2024
100
Carrying amount
Al 31 March 2024
100
At 31 March 2023
110
2024
2023
Other investments comprise=
Notes
Investments in subsidiaries
23
100
110
15 Investments in joint property syndicates
At 1 April 2023
Capital introduced
Surplus for the year
Capital repayments
2,129.936
2,067
292,560
(286,412)
Al 31 March 2024
2,138.151
The joint propety investments in which the charity is a participator has borrowings secured on the properties
owned by the syndicates. The charity's share of suth borrowings is not shown in the balance sheet in view
of the extenl of the security provided by the properties.
16 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
22
3,257
1.958
1,958
3.279
13-

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Loans and overdrafts
2024
2023
Bank loans
Govemors, loans
72,620
527,500
92,346
527,500
600.120
619.846
Payable within one year
Payable after one year
547,226
52,894
546,820
73,026
The charity has a loan with an interest rate of 5.25°A above libor and is repayable in 2027 by 48 quarterly
payments. with a total of £33.000 currentty repayable per annum (including interest).
18 Creditors: amounts falling due within one year
2024
2023
Notss
Bank loans
Other borrowings
Trade creditors
Amounts due to subsidiary undertakings
Other creditors
Accruals and deferred income
17
19.726
527,5(10
7.620
171.774
183,288
7,620
19,320
527,500
32,379
171.398
161,141
6,720
917.528
918.458
19 Creditors." amounts falling due after more than one year
2024
2023
Notes
Bank loans
17
52,894
73,026
14-

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These include
designaled funds which have been set aside out of unrestn'cted funds by the trustees for specific purposes.
At l April
2023
Incomlng
resources
Resources At 31 March
expended
2024
General fvnds
1.826,871
549.691
(590.438)
1,786,124
Previous year.
At 1 April
2022
Incoming
resources
Resources At 31 March
expended
2023
General funds
1.483,127
604,169
(260,425)
1.826.871
21 Related party transactions
Transactions with related parties
The following amounts were outstanding at the reporting end date..
Amounts owed to related
parties
2024
2023
H Weiss
P Weiss
295,000
232,500
295.000
232,500
527.500
527,500
22 Related party transactions
The charity had the following loan Ifansaction during the year which is repayable on demand.
The company has substantially the same directorslgovemors as the charFty.
Balan￿ bfvd Amount
Balance
received in the clfvd
year
Ardina Limited
30,000
30,000
15-

LOCALTRENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Subsidiaries
Details of the charitys wholly owned subsidiaries at 31 March 2024 are as follows:
Name of undertaking
Registered
office
Nature of business
Class of
/. Held
shares held Direct Indirect
Wallflower Investments
Limited
England & Wales Property Investors
Ordinary
100.00
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation
was as follow5:
Name of undertaking
ProfiVILoss} Capital and
Reserves
Wallflower Investments
Limited
81.511
16-