Second Henry Joseph Levitt
Scholarship
RECEIPTS AND PAYMENTS ACCOUNTS
For the Year ended 8 October 2024
Charity No.. SC 005287

Second Henry Joseph Levitt Scholarship
Trustees, Annual Report
Year ending 8 October 2024
Page I
Reference and Administrative Information
Charity Name:
Second Henry Joseph Levitt Scholarship
Charity No:
SC 005287
Contact Address:
Trustees
IDdep¢ndtnt Examiner
Chartered Accountant
Hollis Accounting Limited
3 M¢lville Crescent, Edinburgh, EH3 7HW
Investment Management Charles Stsnley & Co Lid
2 Multrees Walk. Edinburgh, EHI 3DQ
Structure, Governance and Management
Governing Document
The Trust is constituted by the Agreement and Deed of Trust among Henry Joseph Levitt and
Reuben Robert Cohen and others dated Eighth October Nineteen Hundred and Fifty-four and
registered in the Books of Council and Session on Eleventh November Nineteen Hundred and
fifty-four. and a supplementary Agreem¢nt and Deed of Trust among the same dated First
September Nineteen Hundred and Fifty-eight and ￿gIStered in the Books of Council and
S¢5sion on Thirteenth September Nineteen Hundred and Fifty-eight.
Recruitment and Appointment of Trustees
New Trustees are appointed by existing Trnstees.
. who had previously been a Trustee and had been appointed as a Trustee
Emeritus in recognition of his long and loyal service to the charity, died during the course of
the year. Trustee Emeritus status conveys no voting or other powers.
Organisationydl Structure
The Trustees meet when necessary. If decisions are required between meetings, then emailed
agreement is deemed suftficient.

Second Henry Joseph Levitt Scholarship
Trvstees, Annual Report (continued)
Year ending 8 October 2024
Page 2
Objectives and Activities
The Trust's main objective is to award a travelling scholarship annually to boys or girls of the
Jewish Religion resident in Edinburgh, who have attained the age of fourteen years but have
not attained the age of eighteen years and who have attended the Edinburgh Elebrew
Congregation Religlous Classe5. The Scholarship will be awarded to any pupil who fulfils the
comprehensive set of criteria detem]ined by the Education Committee of the Edinburgh
Hebrew Congregation and agreed by the Trustees. Each winner of the said Scholarship shall
indirectly receive a payment from the Trust Fund to enable him or her to travel to the State of
Israel in association with a Jewish Education Scheme.
Achievements and Performance
During the year under review the charity made no grants (2023: no grdnts) in furtherance of
the objects above.
During the year, the management of the Trust's i
Wealth Management to Charles Stanley & Co Ltd.
was appoinled as the charity's Independent Examiner again.
ransfer￿d from Edinburgh
Flollis A￿O￿ntIng Limited
Financial Review
The Trust keeps available funds irt investments, managed by Charles SLqnley & Co Ltd. with a
small balance to meet immediate needs held in a cash account with them. At 8 October 2024
the charity held cash bank balances of £5,378 (2023= £4.971) and investment holdings of
£83,847 (2023.. £78,010}.
Reserves Policy
The Trustees pursue a policy of maintaining a free reserve of unrestricted funds availabl¢ to be
spent in the furtherance of the charity's objectives, as w'ell as covering future need5.
opportunities. contingencies and risks. In 2024 the Trustees decided to move all funds into one
unrestricted fund.
At the end of the Current reFKlrting period the charity had free cash reserves amounting to
£5,378 (2023.. £3,511)- This figure is part of the bank balance total in the Financial Review
above.

Second Henry Joseph Levitt Scholarship
Trustees, Annual Report (continued)
Year ending 8 October 2024
Page 3
Statement of Trustees, Responsibilities
The Trustees must prepare financial statements which give sufficient detail to enable an
appreciation of the transactions of the Trust during the financial year. The Trustees are
responsible for keeping proper acc4)unting records which, on requesl, must reflect the financial
position of the Trust at that time. This must be done to ensure that the fitwtcial statements
comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities
Accounts (Scotland) Regulations. They are also responsible for safeguarding the assets of Ihe
Trust and must take reasonable steps for the prevention andlor detection of fraud and other
irregularities.
Approved by the Trnstees and signed on their behalf,
Chainnan and Trustee

Independent Examtner's Report to the
Trustees of Second Henry Joseph Levitt Scholarship
Page 4
I report on the accounts of the charity for the year ending 8 October 2024 which are set out on
pages 5 to 8.
Respective responsibilities of Tru$t¢es 4nd examiner
The charity's Trustees are responsible for the preparation of the accounts in accordance with
the terms of the Charities and Tru5te¢ Investment (Scotland) Act 2005 and the Charities
Accounts {Scotland) Regulations 2006.
The charity Trustees consider that the audit requirement of Regulation l O(l) (d) of the Accounts
Regulations does not apply. It is my responsibility to examine the accounts as required under
section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
An examination is carried out in accordance with Regulation I l of the Charities Accounts
(Scotland) Regulations 2006. An examination includes a review of the ac¢ount&ng records kept
by the charity and a comparison of the accounts presented with thos¢ records. It also includes
onsiderntion of any unusual items or disclosures An the a¢counts, and seeks explanations from
the Truslees conceming any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audi¢ and consequently I do not express an audit opinion
on the view given by the accounts.
Indepelldent euminer's Statement
In the course of my examination, no matter has come to my attention,
which gives m¢ r¢asonable cause to believe that in any material respect the
requirements:
to keep accounting records in accordance with Section 44 (1)(a) of the 2005 Act
and Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations have not been met, or
2. to which. in my opinion, attention should be drawn in order to enable a proper
understanding of the accounls to k reached.
Chartered Accountant
Hollis Accounting Limited
3 Melville Crescent
Edinburgh
EH3 7HW
Date

Second Henry Joseph Levitt Scholarship
Receipts and Payments Account
Year ending 8 October 2024
Page 5
Expendable
L"'nrestrieted Endowment
Expendable
Unre5trirted Endowrnent Total
Total
Funds
bullds
Funds
Funds
Funds
Fund5
2024
2024
2024
2023
2023
2023
Recei
Donations & legacies
Adivities for generating fijnds
Investment Income
2,649
2,649
2,649
2,649
iio
114
224
110
114
224
Sale of investments
78.617
7&617
4,041
4,041
Other Reteipts
2ffj49
78.617
81,266
4,155
4.265
ote3
Costs of generating ￿ndS
Charitable activities
39
479
518
15
1.159
1,174
Governance costs
420
420
720
720
1,894
459
479
938
735
1,159
Pw¢hase of Investments
79,921
79,921
Other costs
TotAI Pa
ents
459
80.400
80,859
735
1,159
1094
Excess of Rec¢ipts
over PaJine#ts ftir the
year before tTansfers
2,190
11,7831
4117
(625}
2,996
2,371
Transfe
Note 2
(3231
323
2,500
(2,500)
Excess of Rtteipts over
Paymenis for the ye•r
1,867
11.460}
407
496
2 J71

Second Henry Joseph Levitt Scholarsbip
Statement of Balances
At 8 October 2024
SC005287
Page 6
Ex￿￿￿¥¢ble
ExpendAble
UDrestrict¢d Endowment Totsl L'nr¢strieted E￿dowme￿É Total
Funds
Funds
Funds
Fmnds
Funds
Funds
21124
2024
2024
2023
202)
2023
Bank & De
itB*
Bank & deposit balan¢gs brought
ftirward
3.511
1,460
4.971
1,636
964
2,600
Movement in year:
Excess of Rxeipts overPayment5
foT the y¢ar
1,867
{1,4601
4117
1,875
496
2,371
Bank & deposit ba]ances Carried
forward
ote5
5J78
5J78
3.511
1.460
4,971
ote4
83.847
83147
78.010
78.010
ber
Liabilitie5
Independent examination
450
450
450
420
420
420
420
The accounts were approved by th¢ ttiJ$t¢es on ..
For atkd on behalf of all the tru5tetS
Chaimlan

Second Henry Joseph Levirt Scholarship
Notes to the Accounts
Year endlng 8 October 2024
Page 7
Note l. Trustee RemynerAtion 4nd Rel4t¢d Pirty Trin$#ttion$
During th¢ year no trustees were Temunerated or reiinbur5ed any expenses. No Tnjstee or pelson related to
a trustee ha5 a personal interest in any contract or transactions enlered into by tlie charity during the year.
Note 2. Fund moverneDt
At
09.111.23
At
8.10.24
Income Trgn$ferg
Unrestrieted funds
Gen¢ral Fund
459
459
323
323
3,511
5,378
Expendable Endowment Funds
Capital fund
1.460
78,617
{80.400)
323
Total funds
4.971
81.266
80,859
5,378
nt Funds
Exp¢ndabl¢ endowtnrnt funds are those which are required io be invested to p¥odu¢e in¢om¢, bui which
may be transferred to unrestrieted fimds at the d*scretion of the trustees, in order that the fut]d5 may be
expended in furtherance of ihe ¢hzrity's obj¢¢tives. In 2024 it was decided by the T￿￿te¢S that all funds
should be moved to unr¢stri¢ted generdl funds.
L"nrestricted Gene
These funds ar¢ available for use at the discretton of the trustees in fiwtherance of the generaj obje¢tives of
th¢ chariry and wliich have not been designated for other purposes.
Transfers in the year are to retain fi]nds in unrestricted r¢s¢rv¢s and are by agreement of the Trustees.

Second Henry Joseph Levitt Scholarship
Notes to the Accounts
Year ending 8 Octobey 2024
Page 8
Note 3. An#lysis of Payments
Exp¢nd*ble
UDrutri¢t¢d Endtswment
Fund5
FuThd5
Expendable
Unr¢strt¢ted Endowment
Totsl
Funds
F￿ndS
Tot41
2023
2024
2024
2024
2023
1023
Cwst of Gener%ting Funds- InveStm￿t Management
EWM advtsor
17
17
809
809
Ch8rles Stanley advisor
Commission &¢harges
Other
384
78
384
39
117
15
350
365
39
479
518
15
,159
1.174
Charit4ble aetivitles
Grants
Other ¢xpen5¢5
Govern%nce Costs
Independent
Examination
420
420
420
420
720
720
720
720
A$seWinvestmetst Purtha5e5
Investment purchkses
79.921
79,921
Total Payments
459
80,41)0
80
59
735
1,159
l J94
Note 4. Fixed Asset$- Investments at ValuAtiOD
2024
2023
Market Value ai start of year
A¢qui51tions at Cost
Disposals at Market V￿￿e
Valuatioaj changes
Mark¢t Value at 8 Ociober
78.010
79.921
(78.6171
80,855
{4,041)
1.196
Note 5. B•nk alld Cash BalAnees
Expend*bl¢
Unrestricted E￿dOWMe￿t
Funds
Fund5
2024
2024
EipeDdable
Unrestricted Endowment
Futhd$
Furtds
2023
21123
TotAI
2024
Total
21123
RBS Bank
CS Income Alc
CS Capit81 Alc
2,252
3.126
5.378
5,378
Last year the balance5 were in EWM'cash' 8nd'investment' accounts.
2,252
3,511
3.511
3.511
4,971