2025-04-05-accounts - Beauland Limited

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COMPANY REGISTRATION NUMBER: 1540970 CHARITY REGISTRATION NUMBER: 511374

Beauland Limited — Company Limited by Guarantee Consolidated Financial Statements 5 April 2025

HAFFNER HOFF LTD Accountants 2nd Fioor - Parkgates Bury New Road Prestwich Manchester

Beauland Limited

Company Limited by Guarantee

Financial Statements

Year ended 5 April 2025

	Pages
Trustees' annual report (incorporating the director's report)	1 to 4
Independent auditor's report to the trustees	5 to 10
Consolidated statement offinancial activities (including income
and expenditure account)	11
Consolidated balance sheet	12
Consolidated Statement of cash flows	13
Notestothefinancialstatements	14to24

Beauland Limited

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 5 April 2025

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 5 April 2025.

Reference and administrative details

Registered charity name	Beauland Limited
Charity registration number	511374
Company registration number	1540970
Principal office and registered	309 Bury New Road
office	Salford
	Manchester
	M7 2YN
The trustees
	M Neumann (deceased
	4/2/2026)
	H Neumann
	H Roseman
	J Bleier
	R de Lange
	P Neumann
	E Neumann
	E Henry
Auditor	Haffner HoffAuditors Ltd
	Accountants & statutory auditor	;
	2nd Floor - Parkgates
	Bury New Road
	Prestwich
	Manchester
	M25 OTL
Bankers	Santander UK Plc
	BBAM
	Bridle Road
	Bootle
	Merseyside
	L304GB

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Beauland Limited

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 5 April 2025

Structure, governance and management

There is no chief executive officer. The day to day affairs are undertaken by Mr M Neumann on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts.

Beauland Limited is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 23 January 1981 as a company and the company number is 1540970. It was registered as a charity on 18 May 1981 with a charity number 511374. The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet ‘The Essential Trustee : What you need to know’.

Group structure and relationships

The charity has the following wholly owned non-charitable subsidiaries;

Alcombe Limited (Company number 01549298) Citeglen Properties Limited (Company number 00702369) Edlo Investments Limited (Company number 00709975)

The subsidiaries are property trading and investment companies incorporated in England and Wales.

Risk Management

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

Objectives and activities

The charity's objects are;

a) To foster, assist and promote the charitable activities of any institutions professing and teaching the principles of traditional Judaism. b) To advance religion in accordance with the Orthodox Jewish Faith. c) To give aid to and support needy persons in general.

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

The Charity receives many applications for grants, both by mail and verbally. Each application is considered against the criteria established by the Charity is well known within its community and there are many requests for grants. Feedback received is used to monitor the quality of grants. Grants over £10,000 are detailed in the notes to the accounts.

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Beauland Limited

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the

Director's Report) (continued)

Year ended 5 April 2025

Achievements and performance

The Statement Of Financial Activities (SOFA) shows that the charity received total income of £1,029,427 (2024:£979,350). The charity spent £633,748 on direct charitable expenditure (2024:£549,986) and £180,661 on investment management costs (2024:£173,849), a net gain on the sale of an investment property of £232,665 (2024: nil) leaving net income of £447,683 (2024:£255,515). There was also gains from revaluation of fixed assets of £90,134 (2024:nil)

There were no material fundraising costs during the year.

The figures for the wholly owned subsidiaries, Alcombe Ltd, Citeglen Properties Ltd and Edlo Investments Ltd, have been consolidated within the accounts of the charity. The notes to the accounts disclose the split of balances between the charity and the subsidiaries as well as a summary of the results for the year. Alcombe Ltd, Citeglen Properties Ltd and Edlo Investments Ltd are all UK based companies with investments. They all pay only surpluses generated to the parent charity.

Financial review

As at 5 April 2025 the charity held unrestricted reserves of £19,807,021 (2024:£19,269,204).

Reserves Policy

The free reserves at the year end being the net current assets of the group were £444,650 (2024:£266,958). It is the policy of the charity to hold reserves sufficient to maintain regular grants at previous years levels. As the charity is presently largely reliant on donations received from trading companies where profits levels are variable, the trustees feel it would be prudent to maintain reserves at such a level that would enable the charity to generate its own income to meet this aim. The return on investments amounted to 3.7% and does not include potential future gains on the sale of those properties.

Investment Policy

The policy of the charity is to make charitable distributions at a level that ensures a sufficient capital base to generate future income and thereby enable the charity to continue making substantial distributions.

The trustees are satisfied that property investment is the optimum method of raising funds in the current market, and this has been well borne out over time, with a highly satisfactory return on investments. This policy is always open to review, should there be a change in market conditions. The trustees expertise is in property investment, and whilst concentrating on this, they at all times strictly adhere to a policy minimising risks.

Plans for future periods

The charity has adequate resources to continue distributing funds to other charities in accordance with its objects. The trustees plan to continue raising funds for projects in line with the Memorandum and Articles of Association and to pursue those objectives and projects with all the resources available to the charity.

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Beauland Limited

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 5 April 2025

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees’ report and the Consolidated Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare Consolidated Financial Statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these Consolidated Financial Statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
e observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the Consolidated Financial Statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business.

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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

e so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
e they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

The trustees’ annual report was approved on 5 February 2026 and signed on behalf of the board of trustees by:

Mrs E Henry Trustee

Beauland Limited

Company Limited by Guarantee Independent Auditor's Report to the Trustees

Year ended 5 April 2025

Opinion

We have audited the financial statements of Beauland Limited (the ‘parent company’) and its subsidiaries (the ‘group’) for the year ended 5 April 2025 which comprise the consolidated statement of financial activities (including income and expenditure account), the consolidated and parent company balance sheets, and consolidated statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the Consolidated Financial Statements:

give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

° have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the consolidated financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the Consolidated Financial Statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the Consolidated Financial Statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the Consolidated Financial Statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the Consolidated Financial Statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Beauland Limited

Company Limited by Guarantee

Independent Auditor's Report to the Trustees (continued)

Year ended 5 April 2025

Other information

The other information comprises the information included in the annual report, other than the Consolidated Financial Statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the Consolidated Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the Consolidated Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Consolidated Financial Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Consolidated Financial Statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

e the information given in the trustees’ report for the financial year for which the Consolidated Financial Statements are prepared is consistent with the Consolidated Financial Statements; and

e the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

° adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

¢ the Consolidated Financial Statements are not in agreement with the accounting records and returns; or

° certain disclosures of trustees' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

e the trustees were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report.

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Beauland Limited

Company Limited by Guarantee

Independent Auditor's Report to the Trustees (continuea)

Year ended 5 April 2025

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the Consolidated Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of Consolidated Financial Statements that are free from material misstatement, whether due to fraud or error.

In preparing the Consolidated Financial Statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Beauland Limited Company Limited by Guarantee Independent Auditor's Report to the Trustees (continued) Year ended 5 April 2025

Auditor's responsibilities for the audit of the consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

the nature of the industry and sector, control environment and business performance;

results of our enquiries of management about their own identification and assessment of the risks of irregularities;

any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to (a) identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; (b) detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; (c) the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; (d) the matters identified as to how and where fraud might occur in the financial statements and any potential indicators of fraud.

In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code, UK tax legislation and UK Charity Act.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

As a result of performing the above, we identified no key audit matters relating to the potential risk of fraud.

Our procedures to respond to risks identified included the following

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Beauland Limited

Company Limited by Guarantee

Independent Auditor's Report to the Trustees (continueg)

Year ended 5 April 2025

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

enquiring of management concerning actual and potential litigation and claims;

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

° Identify and assess the risks of material misstatement of the Consolidated Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

¢ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

¢ Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern.

° Evaluate the overall presentation, structure and content of the Consolidated Financial Statements, including the disclosures, and whether the Consolidated Financial Statements represent the underlying

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Beauland Limited

Company Limited by Guarantee

Independent Auditor's Report to the Trustees (continued)

Year ended 5 April 2025

transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Other Matter

In the prior year the charity took advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprised a small group. For the year ended 5 April 2025 the group went above the threshold and the charity was no longer able to take advantage of this exemption. Therefore whilst the prior year accounts were audited, the comparative figures on these accounts which incorporate the three subsidiaries are unaudited.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Howard Schwalbe ACA (Senior Statutory Auditor)

For and on behalf of Haffner Hoff Auditors Ltd Accountants & statutory auditor 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 OTL

5 February 2026

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Beauland Limited

Company Limited by Guarantee

Consolidated Statement of Financial Activities (Including Income and Expenditure Account)

Year ended 5 April 2025

		2025	2025	2024
		Unrestricted
		funds	Totalfunds	Total funds
	Note	£	£	ra
Income and endowments
Donations and legacies	5	99,000	99,000	116,000
Investment income	6	930,427	930,427	863,350
Total income		1,029,427	1,029,427	979,350
Expenditure
Expenditure on raising funds:
Investment management costs	t	180,661	180,661	173,849
Expenditure on charitable activities	8,9	633,748	633,748	549,986
Total expenditure		814,409	814,409	723,835
Net gains on investments	12	232,665	232,665	-
Net income		447 683	447,683	255,515
Other recognised gains and losses
Gains from revaluation offixed assets		90,134	90,134	-
Net movement in funds		537,817	537,817	255,515
Reconciliation offunds
Total funds brought forward		19,269,204	19,269,204	19,013,689
Totalfundscarriedforward		19,807,021	19,807,021	19,269,204

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 24 form part of these financial statements.

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Beauland Limited

Company Limited by Guarantee

Parent Balance Sheet

5 April 2025

			2025	2024
	Note	£	£	2
Fixed assets
Investments	16		17,441,624	16,599,221
Current assets			,
Debtors	18	506,734		349,232
Cash at bank and in hand		65,088		32,698
		571,822		381,930
Creditors: amounts falling due within one year	19	279,679		250,/35
Net current assets/(liabilities)			292,143	131,195
Total assets less current liabilities			17,733,767	16,730,416
Creditors: amounts falling due after more than
one year	20		1,048,750	(1,123,750)
Net assets			16,685,017	15,606,666
Funds ofthe charity
Unrestricted funds:
Revaluation reserve			6,611,809	5,991,949
Other unrestricted income funds
			10,073,208	9,614,717
Total unrestricted funds			16,685,017	15,606,666
Totalcharityfunds	21		16,685,017	15,606,666

These Financial Statements were approved by the board of trustees and authorised for issue on 5 February 2026, and are signed on behalf of the board by:

Mrs E Henry Trustee

The notes on pages 14 to 24 form part of these Consolidated Financial Statements.

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Beauland Limited

Company Limited by Guarantee

Consolidated Balance Sheet

5 April 2025

		2025	2024
	Note	£	£
Fixed assets
Investments	16	20,411,121	20,125,996
Current assets
Other Inventories	18	65,515	65,515
Debtors	19	96,511	125,041
Cash at bank and in hand		458,114	249,736
		620,140	440,292
Creditors: amounts falling due within one year	20	175,490	173,334
Net current assets		444,650	266,958
Total assets less current liabilities		20,855,771	20,392,954
Creditors: amounts falling due after more than one year	21	(1,048,750)	(1,123,750)
Net assets		19,807,021	19,269,204
Funds ofthe charity
Unrestricted funds:
Revaluation reserve		8,680,950	8,590,816
Other unrestricted income funds		11,126,071	10,678,388
Total unrestricted funds		19,807,021	19,269,204
Totalcharityfunds	22	19,807,021	19,269,204

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 5 February 2026, and are signed on behalf of the board by:

Mrs E Henry Trustee

The notes on pages 14 to 24 form part of these financial statements.

Beauland Limited

Company Limited by Guarantee

Consolidated Statement of Cash Flows

Year ended 5 April 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net|income|447,683|255,515| |Adjustments|for:| |Net|gains|on|investments|(232,665)|-| |Dividends,|interest|and|rents|from|investments|(1,182,493)|(860,900)| |Other|interest|receivable|and|similar|income|(3,648)|(2,450)| |Accrued|expenses|3,001|5,880| |Changes|in:| |Other|Inventories|-|(65,515)| |Trade|and|other|debtors|28,530|227,042| |Trade|and|other|creditors|1,052|2,141| |Cash|generated|from|operations|;|(938,540)|(438,287)| |Interest|paid|(1,897)|10,069| |Interest|received|3,648|2,450| |Net|cash|used|in|operating|activities|(936,789)|(425,768)| |Cash|flows|from|investing|activities| |Dividends,|interest|and|rents|from|investments|926,779|860,900| |Purchases|of|other|investments|(647,820)|(909,329)| |Proceeds|from|sale|of|other|investments|765,220|536,208| |Net|cash|from|investing|activities|1,044,179|487,779| |Cash|flows|from|financing|activities| |Proceeds|from|borrowings|(75,000)|(83,629)| |Proceeds|from|loans|from|group|undertakings|-|(85,724)| |Net|cash|used|in|financing|activities|(75,000)|(169,353)| |Net|increase/(decrease)|in|cash|and|cash|equivalents|32,390|(107,342)| |Cash|and|cash|equivalents|at|beginning|of year|32,698|140,040| |Cash|and|cash|equivalents|at|end|of year|65,088|32,698|

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The notes on pages 14 to 24 form part of these financial statements.

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Beauland Limited Company Limited by Guarantee

Notes to the Financial Statements

Year ended 5 April 2025

1. | General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 309 Bury New Road, Salford, Manchester, M7 2YN.

2. Statement of compliance

These Consolidated Financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

Accounting policies

Consolidation

These financial statements consolidate the results of the charity and its 100%subsidiary Alcombe Limited, a UK company with a registered company number being 1549298. The registered office address is 309 Bury New Road, Salford, Manchester, M7 2YN. This is in accordance with SORP FRS 102 paragraph 9.13. The year end of Alcombe Ltd is 5 April 2025. not to include an individual SOFA for the charity. These financial statements also consolidate the results of the charity and its other 100% subsidiary Citeglen Properties Limited, a UK company with a registered company number being 702369. The registered office address is 309 Bury New Road, Salford, Lancashire, M7 2YN. This is in accordance with SORP FRS 102 paragraph 9.13. The year end of Citeglen Properties Limited is 5 April 2025.

These financial statements also consolidate the results of the charity and its other 100% subsidiary Edlo Investments Limited, a UK company with a registered company number being 709975. The registered office address is 309 Bury New Road, Salford, Lancashire, M7 2YN. This is in accordance with SORP FRS 102 paragraph 9.13. The year end of Edlo Investments Limited is 5 April 2025.

The charity has not produced an individual SOFA and has availed itself of the exemption conferred by s408 Companies Act 2006. The trustees consider the extra notes attached to the SOFA notes to be sufficient disclosure of the individual charity's SOFA.

Basis of preparation

The Consolidated Financial Statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The Consolidated Financial Statements are prepared in sterling, which is the functional currency of the entity. ;

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Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 5 April 2025

Accounting policies (continued)

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the Consolidated Financial Statements did not require management to make judgements, estimates or assumptions that affect the amounts reported at the year end with the exception of property investment valuation.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Incoming resources

‘

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

e expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
° expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

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Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 5 April 2025 ee

Accounting policies (continued)

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments in joint property syndicates

This represents capital introduced by the company into the syndicates plus accrued surpluses less deficiencies but without revaluing the syndicate properties.

Some of the syndicates in which the company is a participator have borrowings which are secured on the syndicate properties.

The company accounts for its syndicate investments under the ‘equity accounting’ basis and thus the company's share of such borrowings are not included in these accounts.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Limited by guarantee

The company is limited by guarantee, in case of winding up the liability of the members is limited to a nominal amount.

a

16 -

Beauland Limited

Company Limited by Guarantee Notes to the Financial Statements (continued)

Year ended 5 April 2025

5. Donations and legacies

	Unrestricted	Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	a	£	oa	£
Donations
Donations	99,000	99,000	116,000	116,000

Donations receivable are wholly attributable to the charity.

6. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	e	£
Syndicate surplus	586,568	586,568	519,589	519,589
Rent	340,211	340,211	341,311	341,311
Bank interest receivable	3,648	3,648	2,450	2,450
	930,427	930,427	863,350	863,350

Investment income includes £147,644 attributable to the subsidiaries of the charity and £808,129 which is attributable to the charity less £25,346 which is intergroup.

Investment management costs

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	=	£	£
Finance costs	13,425	13,425	6,366	6,366
Agents commission	6,101	6,101	6,336	6,336
Repairs	-	-	250	250
Insurance	64,377	64,377	62,090	62,090
Professional charges	5,415	5,415	5,040	5,040
Bank loan interest	91,343	91,343	93,767	93,767
	180,661	180,661	173,849	173,849

Investment management costs include £5,775 attributable to the subsidiaries of the charity. The remaining amount is attributable to the charity.

8. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	ES	£	£
Charitable activities	610,710	610,710	529,160	529,160
Support costs	23,038	23,038	20,826	20,826
	633,748	633,748	549986	549,986

-i7-

Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 5 April 2025

9. Expenditure on charitable activities by activity type

	Grant funding	Support	Total funds	Total fund
	of activities	costs	2025	2024
	£	£	£	£
Charitable activities	610,710	2,755	613,465	530,907
Governance costs	-	20,283	20,283	19,079
	610,710	23,038	633,748	549,986

Expenditure on charitable activities are wholly attributable to the charity. Support costs include £7,574 attributable to the subsidiaries and £15,463 which is attributable to the charity.

10. Analysis of support costs

	Analysis of
	support costs
	activity 1	Total2025	Total 2024
	£	£	£
General office	2,155	2,755	1,747
Governance costs	20,283	20,283	19,079
	23,038	23,038	20,826

« 49 «

Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 5 April 2025

11. Analysis of grants

	2025	2024
	£	£
Grants to institutions
Aim Habonim	550	2,000
Asos Chesed	15,800	20,550
Baderech Kovoid	3,300	21,200
BCGCT	1,000	11,000
CMZ	20,000	-
Daas Kedoshim Foundation	12,000	12,000
Delman	20,000	40,000
Format	14,000	14,000
Geffen	20,000	40,000
Kolyom Trust	7,050	17,500
Lev Chaim	1,500	850
Low Cost Living	90,000	25,000
Ner Foundation	21,100	40,000
New Girls School	21,100	-
Pesach Project	50,000	40,000
Rosecare	45,000	24,500
Tree Life Club	15,350	13,100
TTT	87,100	44,700
Three Pillars	10,250	13,750
Yemin Charitable Trust Ltd	26,000	40,000
Yesamach Levav	80,000	50,000
Further grants < £10k	49,610	59,010
	610,710	529,160
Totalgrants	610,710	529,160

The above grants were made to institutions and went towards the following purposes; the relief of poverty, relief of those in need by reason of ill health or disability, the advancement of Jewish religion and the advancement of Jewish religious education.

12. Net gains on investments

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2025	Funds	2024
				£	£	E	£
Gains/(losses)	on	other	investment
assets				232,665	232,665	-	_

The net gain on investment is wholly attributable to the subsidiaries.

19 -

Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 5 April 2025

13.	Auditors remuneration
		2025	2024
		£	£
	Fees payable for the audit ofthe financial statements	7,560	6,000
	Fees payable to the charity's auditor and its associates for other services:
	Other non-audit services	12,721	11,280
14.	Staff costs
		Nil	Nil

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

15. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

Investments

	Investment	Other
	properties	investments	Total
	E	£	z
Cost or valuation
At 6 April 2024	4,490,000	15,635,996	20,125,996
Additions Disposals Fair value movements	- (80,000) 690,000	647,820 (452,555) (520,140)	647,820 (532,555) 169,860
At 5 April 2025	5,100,000	15,311,121	20,411,121
Impairment
At 6 April 2024 and 5 April 2025		-	=
Carrying amount
At 5 April 2025	5,100,000	15,311,121	20,411,121
At5April2024	4,490,000	15,635,996	20,125,996

All investments shown above are held at valuation.

Investment properties

These are wholly owned properties. The investment properties are stated at market value. To arrive at market value we have used management expertise together with advice from APC Consult Ltd a firm of professional surveyors.

20 -

Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 5 April 2025

16. Investments (continued)

Investment fixed assets include £2,969,507 which are attributable to the subsidiaries and £17,441,624 which are attributable to the charity less £10 which are intergroup.

The investment properties are stated at market value as per the trustees valuation at the year end.

Investments in joint property syndicates

Other Investments are joint property syndicates. This is comprised of capital introduced by the charity into the syndicates plus accrued surpluses less deficiencies. When necessary, the trustees will revalue to bring in line with market value.

Included in other investments is £5 representing a shareholding in Erbilon Ltd.

17. Investment entities

Subsidiaries and other investments

					Percentage
				Class of	of shares
		Registered office		share	held
	Subsidiary undertakings
	Alcombe Limited	309 Bury NewRoad		Ordinary	100
		Salford
		Manchester
		M7 2YN
	Citeglen Properties Limited	309 Bury NewRoad		Ordinary	100
		Salford
		Manchester
		M7 2YN
	Edlo Investments Limited	309 Bury NewRoad		Ordinary	100
		Salford
		Manchester
		M7 2YN
	The results for subsidiaries and other undertakings are as		follows:
		Capital and reserves		Profit/(loss)	for the year
		2025	2024	2025	2024
		£	E	£	£
	Subsidiary undertakings
	Alcombe Limited	1,238,452	1,238,511	(100)	17,267
	Citeglen Properties Limited	890,210	968,377	1,559	(65,013)
	Edlo Investments Limited	1,415,115	1,414,369	747	(1,810)
18.	Stocks
				2025	2024
				£	£
	OtherInventories			65,515	65,515

« 24 =

Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 5 April 2025

Debtors

		2025	2024
		£	£
Other	debtors	96,511	125,041

Debtors include £506,734 which is attributable to the charity and £110,566 which are attributable to the subsidiaries, which is offset by £520,789 of intercompany balances.

20. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts - secured	75,001	75,001
Accruals and deferred income	83,062	81,958
Other creditors	17,427	16,375
	175,490	173,334

Creditors falling due within one year include £279,680 attributable to the charity, £444,837 attributable to the subsidiaries of the charity which is offset by £549,026 of intercompany balances.

Creditors: amounts falling due after more than one year

						2025	2024
						£	£
Bank	loans	and	overdrafts	-	secured	1,048,750	1,123,750

All creditors falling due after more than one year are attributable to the charity. The bank loan is secured on the investment properties of the charity.

~ 29 -

Beauland Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 5 April 2025

22. Analysis of charitable funds

Unrestricted funds
	At			Gains and	At
	6 April 2024	Income	Expenditure	losses	5 April 2025
General funds	E 10,678,388	£ 1,029,427	£ (814,409)	£. 232,665	£ 11,126,071
Revaluation reserve	8,590,816	-	-	90,134	8,680,950
	19,269,204	1,029,427	(814,409)	322,799	19,807,021
	At			Gains and	At
	6 April 2023	Income	Expenditure	losses	5 April 2024
	£	£	£	£	£
General funds	10,422,873	979,350	(723,835)	-	10,678,388
Revaluation reserve	8,590,816	-	-	-	8,590,816
	19,013,689	979,350	(723,835)	-	19,269,204

23. Analysis of net assets between funds

;

		Unrestricted	Total Funds
		Funds	2025
		2	£
Investments		20,411,121	20,411,121
Current assets		620,140	620,140
Creditors less than 1 year		(175,490)	(175,490)
Creditors greater than 1 year		(1,048,750)	(1,048,750)
Net assets		19,807,021	19,807,021
	.
		Unrestricted	Total Funds
		Funds	2024
		£	£
Investments		20,125,996	20,125,996
Current assets		440,292	440,292
Creditors less than 1 year		(173,334)	(173,334)
Creditors greater than 1 year		(1,123,750)	(1,123,750)
Netassets		19,269,204	19,269,204

24. Analysis of changes in net debt

				At
		At6 Apr 2024	Cash flows	5 Apr 2025
		£	sal	£
Cash	at bank and in hand	249,736	208,378	458,114
Debt	due within one year	(75,001)	-	(75,001)
Debt	due after one year	(1,123,780)	75,000	(1,048,750)
		(949,015)	283,378	(665,637)

= 23 =

Beauland Limited

Company Limited by Guarantee Notes to the Financial Statements (continueg)

Year ended 5 April 2025

25. Related parties

Soimech Noiflim Ltd is a related party because it is controlled by lan Mett and Norman Bleier who are respectively the son-in-law and husband of Beauland Ltd Trustee Janet Bleier. During the year, donations of £99,000 were received by the charity from Soimech Noiflim Ltd.

Yemin Charitable Trust is a related party because Beauland trustees Henry Neumann and Arnold Henry have control over it. During the year, the charity made grants totalling £40,000 to Yemin CT.

Gefen Foundation is a related party because Beauland trustee Henry Neumann has significant influence over it. During the year, the charity made grants totalling £20,000 to Gefen Foundation.

Lev Chaim is a related party because Beauland trustee Henry Neumann has significant influence over it. During the year, the charity made grants totalling £1,500 to Lev Chaim.

Ner Foundation is a related party because Beauland trustees Esther Henry, and Henry Neumann together with Esther Henry's husband Arnold Henry have control over it. During the year, the charity made grants totalling £21,100 to Ner Foundation.

The New Girls School is a related party because Beauland trustee P Neumann has a son who has significant influence over it. During the year, the charity made grants totalling £21,100 to The New Girls School.

26. Taxation

Beauland Ltd is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

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