REGISTERED COMPANY NUMBER: 07399990 (England and Wales)

REGISTERED CHARITY NUMBER: 1139430

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

GREENBELT GALAXY LTD

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Statement of Financial Position

5

to

6

Notes to the Financial Statements

7

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are the furtherance of the Orthodox Jewish religion by way of:

i) the advancement of the Orthodox Jewish religion,

ii) the advancement of Orthodox Jewish religious education and education generally,

iii) the relief of poverty, sickness, and the relief of persons suffering from disability, and

iv) to relieve financial hardship, sickness and poor mental health amongst elderly people.

Significant activities

During the year the charity paid 10 grants to institutions in furtherance of its objects.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and in particular to its supplementary public benefit guidance on advancing education, when reviewing the charity's aims and objectives, and in planning future activities and setting grant making policy for the year.

Grantmaking

The trustees obtain details of all requests for assistance and ensure that good recommendations are received before any payments are made.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the period the charity paid donations to various charities that amounted to £60,000 (2024: £65,000).

Investment performance

During the period the charity received rental income from its investment properties that amounted to £81,767 (2024: £80,398). The charity incurred investment management costs that amounted to £15,566 (2024: £14,314).

FINANCIAL REVIEW

Reserves policy

The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity.

Going concern

The trustees have a reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. For this reason, the charity has adopted the going concern basis of accounting in preparing the annual financial statements.

FUTURE PLANS

The Trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Related parties

Details of transactions with related parties are disclosed in the notes to the financial statements.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07399990 (England and Wales)

Registered Charity number

1139430

Registered office

22 Craven Walk

South Tottenham

London

N16 6BT

Trustees

I Fischer

Mrs N Fischer

J M Pollak

Independent Examiner

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

Approved by order of the board of trustees on 8 July 2026 and signed on its behalf by:

I Fischer - Trustee

Independent examiner's report to the trustees of Greenbelt Galaxy Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.

Responsibilities and basis of report

As the charity's 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

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.

Malcolm Venitt

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

8 July 2026

31.10.25

31.10.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2,000

4,000

Investment income

2

81,767

80,398

Total

83,767

84,398

EXPENDITURE ON

Raising funds

3

15,566

14,314

Charitable activities

Charitable

60,664

65,687

Other

1,200

900

Total

77,430

80,901

NET INCOME

6,337

3,497

RECONCILIATION OF FUNDS

Total funds brought forward

573,825

570,328

TOTAL FUNDS CARRIED FORWARD

580,162

573,825

31.10.25

31.10.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Investment property

6

675,000

675,000

CURRENT ASSETS

Cash at bank

44,471

38,734

CREDITORS

Amounts falling due within one year

7

(139,309

)

(139,909

)

NET CURRENT ASSETS

(94,838

)

(101,175

)

TOTAL ASSETS LESS CURRENT LIABILITIES

580,162

573,825

NET ASSETS

580,162

573,825

FUNDS

8

Unrestricted funds

580,162

573,825

TOTAL FUNDS

580,162

573,825

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 8 July 2026 and were signed on its behalf by:

I Fischer - Trustee

N Fischer - Trustee

J M Pollak - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	INVESTMENT INCOME

31.10.25

31.10.24

£

£

Rents received

81,767

80,398

3.	RAISING FUNDS

Investment management costs

31.10.25

31.10.24

£

£

Insurance

915

831

Cleaning expenses

1,692

1,403

Property repairs

4,994

3,142

Legal & professional fees

34

13

Licence fees

-

97

Light & heat

775

1,380

Management fees

7,156

7,448

15,566

14,314

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,000

Investment income

80,398

Total

84,398

EXPENDITURE ON

Raising funds

14,314

Charitable activities

Charitable

65,687

Other

900

Total

80,901

NET INCOME

3,497

RECONCILIATION OF FUNDS

Total funds brought forward

570,328

TOTAL FUNDS CARRIED FORWARD

573,825

6.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

675,000

NET BOOK VALUE

At 31 October 2025

675,000

At 31 October 2024

675,000

Investment properties were revalued by the directors as at 31/10/2020 on an open market value basis.

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

138,109

138,109

Accrued expenses

1,200

1,800

139,309

139,909

8.	MOVEMENT IN FUNDS

Net

At

movement

At

1.11.24

in funds

31.10.25

£

£

£

Unrestricted funds

General fund

573,825

6,337

580,162

TOTAL FUNDS

573,825

6,337

580,162

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

83,767

(77,430

)

6,337

TOTAL FUNDS

83,767

(77,430

)

6,337

Comparatives for movement in funds

Net

At

movement

At

1.11.23

in funds

31.10.24

£

£

£

Unrestricted funds

General fund

570,328

3,497

573,825

TOTAL FUNDS

570,328

3,497

573,825

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

84,398

(80,901

)

3,497

TOTAL FUNDS

84,398

(80,901

)

3,497

A current year 12 months and prior year 12 months combined position is as follows:

Net

At

movement

At

1.11.23

in funds

31.10.25

£

£

£

Unrestricted funds

General fund

570,328

9,834

580,162

TOTAL FUNDS

570,328

9,834

580,162

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

168,165

(158,331

)

9,834

TOTAL FUNDS

168,165

(158,331

)

9,834

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2025.