The head of a leading Jewish charity has been honoured for applying his philanthropic principles to business.

Mark Adelstone, chairman of the Manchester welfare charity The Fed, was made an OBE in the Queen's Birthday Honours .

As chairman of jewellery retailers Beaverbrooks, he has seen his compnay donate more than £9 million to charities.

He said: "For a long time I've thought the world of charity and business should coexist. This is why I've applied the ethics of philanthropy to business. I give over 20 per cent of our Beaverbrooks profit to charity.

"I'm delighted at the award. The fact my beliefs are being recognised is nice to see and it is also nice for the people I work with who share the same values."

Mr Adelstone, a member of Hale and District Hebrew Congregation and the Jewish Leadership Council, said he encourages his 900-strong workforce to get involved in their own charity initiatives.

Simon Johnson, chief executive, of the Jewish Leadership Council said: “We were delighted that Mark Adelstone was honoured.

“As Chairman of The Fed, he is one of the brightest and most respected Jewish leaders in the north and also a dedicated philanthropist for a number of other causes.

“He is an involved member of the JLC Council, dedicated to supporting those in need of help, committed to supporting leadership training and is a model leader in his community and business life.”

Financier Jeremy Isaacs was appointed a CBE for his services to the NHS. Mr Isaacs, founding partner of finance company JRJ Group, was honoured for his role as chair of the remuneration committee for Imperial College Healthcare NHS Trust.

Mr Isaacs is also a trustee of UJIA and the Community ST and is an honorary Fellow of the London Business School.

Retired educationalist David Arnold was made an MBE for services to interfaith and relations. The 70-year-old from Manchester has been a member of the Council of Christians and Jews for 25 years, and helped to set up the city's Muslim Jewish Forum.

He said: "Letters with the Queen's stamp tend to be from the taxman, so I was pleasantly surprised. Interfaith work is important to me because we are a small community in the UK and we draw strength from other faith communities."

Stephen Goldstein, chairman and chief executive of property company Alexander Stevens 1995 Ltd, was appointed a CBE for services to business and the community in the West Midlands. Mr Goldstein is a member of Solihull Hebrew Congregation.

Former president of the Darlington Hebrew Congregation Peter Freitag was made an MBE for services to the Darlington community.