REGISTERED COMPANY NUMBER: 06071791 (England and Wales)

REGISTERED CHARITY NUMBER: 1119165

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

TALMUD TORAH BEIS SHLOMO LTD

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Statement of Financial Position

6

to

7

Notes to the Financial Statements

8

to

13

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 January 2026. 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 advancement of the Orthodox Jewish Faith, the advancement of Orthodox Jewish Religious Education, and such other purposes as are considered charitable in English Law. And to provide and manage a community centre with facilities for Jewish religious studies and activities, for the local Orthodox Jewish community.

Significant activities

The financial results of the company's activities for the year ended 31st January 2026 are fully reflected in the attached financial statements together with notes thereon.

During the period the charity raised £242,544 (2025: £217,967) in donations and legacies and allocated £365,821 (2025: £362,905) directly toward its core charitable activities.

The trustees are satisfied with the results and activities of the company for the year and do not anticipate any significant changes in the forthcoming year.

Public benefit

The trustees of the charity confirm that they have considered the Charity Commission's general guidance on public benefit and the requirements of s4 of the Charities Act 2011 in this area.

The purpose and objective of the charity is the provision of a safe environment for those using the facilities of the Torah Centre. The charity's funds are utilised to fund staff and activities at the Torah Centre on an ongoing basis.

ACHIEVEMENTS AND PERFORMANCE

Investment performance

The charity received investment income in the form of rent and interest that amounted to £223,443 (2025: £219,612).

FINANCIAL REVIEW

Principal funding sources

The major source of income during the year was donations from various institutions and from private individuals.

Reserves policy

The trustees recognise the importance of maintaining sufficient freely available reserves to ensure the continued operation of the charity and to meet its financial commitments as they fall due.

At 31 January 2026, the charity held unrestricted funds of £401,984 (2025: £69,975). The increase principally reflects a fair value gain of £313,960 arising from the revaluation of investment property.

The trustees recognise that a substantial proportion of the charity's unrestricted funds is represented by fixed assets and is therefore not readily available to meet day-to-day expenditure.

The trustees continue to monitor the charity's cash flow, financial commitments and anticipated income, with the objective of strengthening its available reserves whilst continuing to apply its resources towards its charitable purposes.

Going concern

The trustees have reviewed the charity's financial position, its anticipated income and expenditure, and its financial commitments for a period of at least twelve months from the date of approval of these financial statements.

The charity generated an operating surplus before investment gains of £18,049 during the year ended 31 January 2026. In addition, a fair value gain of £313,960 arose on the revaluation of investment property, increasing total unrestricted funds to £401,984. Cash balances increased to £29,327, compared with £7,623 in the previous year.

The trustees acknowledge that, at the balance sheet date, current liabilities exceeded current assets by £73,293. The charity continues to rely upon donations, grants and rental income to support its activities and meet its financial obligations.

The trustees continue to monitor the charity's financial position closely and have considered the expected availability of income and the timing of its financial commitments.

Having considered the financial forecasts and expected funding arrangements, the trustees have a reasonable expectation that the charity will have adequate resources to continue operating for the foreseeable future.

Accordingly, the financial statements have been prepared on the going concern basis.

FUTURE PLANS

There are no current plans to change the activities or modus operandi in the foreseeable future.

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

Related party transactions and disclosures are provided in the notes to the financial statements wherever necessary.

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

06071791 (England and Wales)

Registered Charity number

1119165

Registered office

115 Craven Park Road

South Tottenham

London

N15 6BL

Trustees

D Fisher Property Management

B Stern Food Importer

Mrs R Stern Office Assistant

Company Secretary

B Katz

Independent Examiner

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 22 October 2026 and signed on its behalf by:

D Fisher - Trustee

Independent examiner's report to the trustees of TALMUD TORAH BEIS SHLOMO LTD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2026.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can 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.

Malcolm Venitt, ACA

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

22 October 2026

31.1.26

31.1.25

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

242,544

217,967

Investment income

2

223,443

219,612

Total

465,987

437,579

EXPENDITURE ON

Raising funds

3

79,417

69,704

Charitable activities

4

Charitable activities

365,821

362,905

Other

2,700

2,520

Total

447,938

435,129

Net gains on investments

313,960

-

NET INCOME

332,009

2,450

RECONCILIATION OF FUNDS

Total funds brought forward

69,975

67,525

TOTAL FUNDS CARRIED FORWARD

401,984

69,975

31.1.26

31.1.25

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

9

20,185

23,752

Investment property

10

750,000

436,040

770,185

459,792

CURRENT ASSETS

Cash at bank

29,327

7,623

CREDITORS

Amounts falling due within one year

11

(102,620

)

(102,441

)

NET CURRENT ASSETS

(73,293

)

(94,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

696,892

364,974

CREDITORS

Amounts falling due after more than one year

(294,908

)

(294,999

)

NET ASSETS

401,984

69,975

FUNDS

13

Unrestricted funds

401,984

69,975

TOTAL FUNDS

401,984

69,975

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 22 October 2026 and were signed on its behalf by:

B Stern - 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.

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include independent examination, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

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

2.	INVESTMENT INCOME

31.1.26

31.1.25

£

£

Rents received

223,443

219,611

Deposit account interest

-

1

223,443

219,612

3.	RAISING FUNDS

Investment management costs

31.1.26

31.1.25

£

£

Property repairs

12,813

20,271

Commission paid

4,090

3,736

Rates

4,568

7,399

Insurance

7,608

7,270

Light and heat

14,771

16,095

Interest payable and similar charges

35,567

14,933

79,417

69,704

4.	CHARITABLE ACTIVITIES COSTS

Direct

Costs

£

Charitable activities

365,821

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.1.26

31.1.25

£

£

Depreciation - owned assets

3,567

2,922

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2026 nor for the year ended 31 January 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2026 nor for the year ended 31 January 2025.

7.	STAFF COSTS

31.1.26

31.1.25

£

£

Wages and salaries

280,731

279,407

Social security costs

6,381

1,340

287,112

280,747

The average monthly number of employees during the year was as follows:

31.1.26

31.1.25

Employees

28

33

No employees received emoluments in excess of £60,000.

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

217,967

Investment income

219,612

Total

437,579

EXPENDITURE ON

Raising funds

69,704

Charitable activities

Charitable activities

362,905

Other

2,520

Total

435,129

NET INCOME

2,450

RECONCILIATION OF FUNDS

Total funds brought forward

67,525

TOTAL FUNDS CARRIED FORWARD

69,975

9.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 February 2025 and 31 January 2026

119,412

52,302

171,714

DEPRECIATION

At 1 February 2025

99,957

48,005

147,962

Charge for year

2,920

647

3,567

At 31 January 2026

102,877

48,652

151,529

NET BOOK VALUE

At 31 January 2026

16,535

3,650

20,185

At 31 January 2025

19,455

4,297

23,752

10.	INVESTMENT PROPERTY

Investment property

Investment properties comprise land and buildings held to earn rental income, for capital appreciation, or both. They are initially recognised at cost, including directly attributable acquisition costs, and subsequently measured at fair value at each reporting date.

Fair value is determined by reference to current market conditions, taking account of the properties’ location, condition, rental income and other relevant characteristics.

Changes in fair value are recognised in the Statement of Financial Activities in the period in which they arise, within gains and losses on investments. No depreciation is charged on investment properties.

The investment property comprises freehold property held by the charity for investment purposes.

The property has been included at its fair value of £750,000 at 31 January 2026 (2025: £436,040), resulting in a fair value gain of £313,960 recognised in the Statement of Financial Activities.

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts (see note 12)

3,334

3,334

Other creditors

96,586

96,587

Accrued expenses

2,700

2,520

102,620

102,441

12.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

£

Amounts falling due within one year on demand:

Bank loans

3,334

3,334

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

9,999

Amounts falling due in more than five years:

Repayable otherwise than by instalments:

Bank loans more 5 yrs non-inst

294,908

285,000

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.2.25

in funds

31.1.26

£

£

£

Unrestricted funds

General fund

69,975

332,009

401,984

TOTAL FUNDS

69,975

332,009

401,984

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

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

465,987

(447,938

)

313,960

332,009

TOTAL FUNDS

465,987

(447,938

)

313,960

332,009

Comparatives for movement in funds

Net

movement

At

At 1.2.24

in funds

31.1.25

£

£

£

Unrestricted fund

67,525

2,450

69,975

TOTAL FUNDS

67,525

2,450

69,975

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted fund

437,579

(435,129

)

2,450

TOTAL FUNDS

437,579

(435,129

)

2,450

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

Net

movement

At

At 1.2.24

in funds

31.1.26

£

£

£

Unrestricted fund

67,525

334,459

401,984

TOTAL FUNDS

67,525

334,459

401,984

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

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted fund

903,566

(883,067

)

313,960

334,459

TOTAL FUNDS

903,566

(883,067

)

313,960

334,459

14.	RELATED PARTY DISCLOSURES

During the period the charity received donations from Yad Shlomo Trust that amounted to £40,991 (2025: £2,000). The charity and Yad Shlomo Trust share a common trustee.