Second Henry Joseph Levitt
Scholarship
RECEIPTS AND PAYMENTS ACCOUNTS
For th¢ Y¢ar ended 8 October 2025
Charity No: SC 005287

Second Henry Joseph IKvitt S¢holarshAP
Trustees, AnDual Report
Year ending 8 Oetober 2025
Page I
Referen¢e and Administrative Information
Ch4riry Nam¢'.
Second Henry Josepb Levitt Scholarship
Charity No:
SC 005?87
Contath Add￿$$..
4 Clarendon Crescent
Edinburgh. EH4 1 PT
TrMytee8
Mr P Oppenheim (Chaiman to l Febnwy 2025)
Mr P Bennett
Mrs H Ritkind
Mr M Shaps (appointed l February 2025, Chairman from I
Febrvary 2025)
llld¢pend¢ut Examlntr
Sarah Hollis
Chartered Accountant
Hollis A¢¢ounting Limited
3 Melville Cr¢s¢enL Edinburgh, EH3 7HW
Investment Manggemellt Charles Stanley & Co Ltd
2 Multrees Walk, Edinburgh, EHI 3DQ
Structure, Governance and Management
Governing D￿ll￿¢￿t
The Trust is constituted by the Agreement and Deed of Trusl among Henry Jos¢ph Levitt and
Reuben Robert Cohen and others dat¢d Eighth O¢tob¢r Nineteen Hundred and Fifty-four and
registered in the Books of Council and Session on El¢v¢nih November Ntneteen Hundred and
fifty-four, and a supplementary Agreemenl and Deed of Trust among the same dated First
September Nineteen Hundr¢d and Fifty-eight and registered the Books of Council and
Session on Thirteenth September Nin¢te¢n Hundred and Fifty-eight.
Reeruitmellt and Appointment ofTrustees
New Trustees are appointed by existing Trustees.
Organisational Structsre
The Tnjstees m¢et when necessary. If decision5 requir¢d b¢tweell meetings. then emailed
agreement is deemed suffKcient.

Seeond Henry Josepb Levitt Scholarship
Trustees, Annual Report (eontinued)
Year endhng 8 Oetober 2025
Pag¢ 2
Objectives and Activities
The Trust's main objective is to 8ward a travelltng scholarship annually to boys or girls of the
J¢wish Religion resident in Edinburgh, who have attain¢d th¢ age of fourteen yeats but hav¢
not attained the age of eighteen years and who hav¢ attended the Edinburgh Hebrew
Congregation Religith￿s Classes. The Scholarship will be awarded to any pupil who fulfils the
comprehensive s¢t of crit¢riA delernifftned by the Education Comynittee of the Edinburgh
Hebrew Congregation and agreed by the Trustees. Each winner of the said S¢holarghip shall
tndir¢¢tly rec¢ive a payment from the Trust Fund to enable him or her to travel to the Slate of
Israel in ossociation with a Jewish Education Scheme.
Achievements and PerformaD¢e
During the year under review. the charity made no grants in furtherance of the objects above
(&$ was the c&se in the PTevious year). No nominations for grants were re¢eiv¢d from the
Education Committee of the Edinburgh H¢br¢w Congregation. The reason for this was that
owing to the very few students of the qualifying age in the COEnmunity during that period. none
had fulfilled th¢ criteria of the Trust. However. The Chair of the Edinburgh Hebrew
Congregation Education Committee has indicated that they intend to make a nomination for a
grant in 2027 as there will be a suitsble ¢andtdat¢ at that time.
During th¢ y¢ar. the Ttust's &nvestments conlinuedto be manag¢d by Charles Stanley & Co Ltd.
Sarah Hollis of Hollis Accounting Limited was appointed as the charity's Endependent
Examiner again.
Finaneial Review
The Trust keeps available funds in investments, managed by Charles Stanley & Co Ltd, with a
small balance to meet immediate needs held in a eLsh account with them. Ai 8 O¢lob¢r 2025
the charity held cash bank balances of £4,406 (2024: £5,378) and investment holdings of
£94,483 (2024: £83,847).
Reserves Policy
The Trustees pursue a policy of maintaining a free reserye of unrestricted funds available to be
spent in the furtberance of th¢ ¢harity's objectives, as well ￿ covering futur¢ needs,
opportunities, conlingencies aThd risks. In 2024 th¢ Trust¢es decided to move all funds into one
unrestri¢ted ￿lld.
At the end of the cutrenl reporting p¢riod the charity had free c&8h reserves amounting to
£4,406 (?024.. £5,378}. TlkÈs figure equates to the bank balAnce total Én the Financial Review
above.

Srtond Henry Jojtph Lxvltt Scholarsblp
Truiteej. Report (contlo•ed)
Year e4diRg 8 October 2025
Pa8¢ 3
St*temeat ofTru$teu' Responslbllltles
The T￿￿teeS pr¢paTe financial ststemenLs which 8ive sufficient detail to enable qn
ai4wttiaiion of the transa¢tiOfLS of the T￿￿1 during the finan¢iJl ye8r. Th¢ TnLqtees are
ible for keeping prrw ￿)￿r￿ting re¢or(L% whic14 oft reque￿. must reflect the finan¢tal
)sitwn of th¢ Tn¥t at that lime. This mu%¢ be doDe to ¢nsure that the finwKial sthiem¢ms
comply with the Charities ond T￿￿5￿ Invtsttnent {Sc¢Aland) Act 2IY)5 and tht Charities
Accounts (Scotl4NJ} Rcgulali(xKs. They are also r¢$r￿$$ble for safeguKditig the of th¢
Tn￿t and must take r¢8son•ble st¢ps fsx the prevention aodor detection of fraud other
iTre8ularities.
Approvol by th¢ Tn￿e¢S and sipKd their beh•lf.
g+
Mr M Sbaps

Independent Examiner's Report to the
Trustee$ of Second Henry Joseph Levitt Scholarship
Pag¢ 4
I report on the a¢¢owits of th¢ ¢harity for th¢ year ending 8 October 2025 which are set out on
pages 5 to 8.
Re5peetlve responslbllltles of Trustees And ex*mln¢r
The Charity's Trustees are responsibl¢ for the preparation of ihe accounts in accordance with
the ternis of the Charities and TTUStee Inv¢stm¢nt (S¢otland) Act 2005 and the Charitics
Accounts (S¢oiland) Regulations 2006.
The charity Tn￿t¢¢s¢ODsid¢rthatthc audit requirementof Regulation l O(1 ) {d) ofth¢Ac¢ounts
Regulations does not apply. It is my responsibility to ¢xamine the accounts as required under
section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
B￿15 of independent exatnitter's stsl¢mellt
An examination is carried out in accordan¢¢ with Regulation I l of the Charities Accounts
(Seotland) Regulations 2006. An examination includes a review of the accounting records kept
by the charity and a comparison of the accounts presented with ihose re￿rds. It also includes
¢onsideration of any unusual items or disclosures in the accounts, 8t￿ s¢¢ks explanations from
the Trustees concerning any such matt¢rs. The procedures undertaken do not provid¢ 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.
Ind¢p¢ndeot ex*mltt¢r'$ $tat¢mellt
In the course of my examination, no matter has wm¢ to my attention,
which gives me reasonable cause to believe that in any material respect the
requirements:
to keep accounling Fe¢ord$ in a¢¢ordance with Section 44 (IKa) of the 2005 Act
and Regulation 4 of the 2006 Accounts R¢gulations. and
to pr¢pare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Aceounts Regulations have not been met, or
2. to which, in my opinion: attention should be drawn in order to enable a proper
und¢rstanding of the accounts to be ￿aChed.
Sarah Holli$
Chartered A¢¢ountant
Hollis A¢¢ounting Limited
3 Melville Crescent
Edinburgh
EH3 7HW
Date

Seeotsd Hettry Joseph Levltt Scholar5bip
Reeeipts Payments AeeouTht
Ytar endiDg 8 O¢¢ob¢r 2025
Page 5
Expe•dable
UDrestritt¢d EDdowmeDt
Vunds
Funds
Exptlldxble
Unrestrl¢¢ed Endowment Total
Funds
Total
Funds
Funds
2025
2025
2025
2024
2024
2024
DonitioLs & legacies
Adiviiies for8¢nerntin8 funds
Investtnent Incort
1973
2,971
2,973
2.973
1649
2,649
2.649
2.649
Sak of lljvesltnents
6,984
78.617
78.617
Other Receipts
9,957
2,649
7&617
81266
mettts
Nots3
Costs of generating funds
Charitable activitie$
445
445
39
479
518
Governance wsts
450
895
4SO
420
420
895
459
479
938
Purthase of Investsnents
10.034
79.921
79.921
Losts
10,929
10.929
459
80,400
80859
Ex￿s5 of Receiws
ov¢rPa)ryD¢nts for the
y¢aT b¢forc tron5fers
1972)
19ni
2,190
11,783)
407
TratLsfcr5
Note 2
(3231
323
Ext04 ofRettlpts over
Payments for theyur
1972)
(9ni
1,867
(1,460)

Ai i ()¢tsber 2
5J71
3Jii
4.971
)¥qy
lJ67
••*4 91.415
8JJ4?
450
$0
450
43(1
IJ
For td4rof•O

SeeoDd Henry Josepb Ikvltt Schol*rshlp
ot¢$ to the Aecounts
Year ending 8 O¢tob¢r 2025
Page 7
Note l. Tr¥it¢e RemulleratiDn ind Rcl*ttd P*rty TM#sottion$
During th¢ ye&r no tN51￿ were remun¢totsd orreimbursed any expeAS¢S. No Tn]st¢¢ QT persort related
ijstce has a￿rson￿ ult¢￿¥t cotstrtt¢i or ttaJJsaLaiOllS ent¢rtd into byth¢ th8Tity during the year.
Nate 2. FuBd MoveD￿nI
At
IJ9.1024
At
0&1O.25
laeomt EXpt￿dLt￿r¢ Trnn$fera
Unr¢Jtri¢ted fNDds
General Fujtd
10.929
10.929
4.406
5.378
UDrtlirleted Gelltr*l Funds
These fithds are tswttilable for use ai the discr¢tion truste¢$ itt fiLther￿Ce of the genergi obJ¢¢iiv¢$ of
th¢ charity aDd which ha￿ noi been designated for oth¢T purpos¢5.
Transfers in lh¢ year arc lo r¢toin fiJn(Ls in W￿¢StriCt¢d ¢*h reservts and ox¢ by agr¢¢m¢Dt ofthe Tntstets.
iYo¢t 3. AJ•lysii otP*ymtDts
Exptlldxble
Vnreitricted EDdoJYment
FllDd$
Eipertdxbk
hrt9trl¢ttd EndowEn¢Mt
Fund5
Totsl
2025
F¥Dd5
2024
Totsl
21124
2025
2024
Co￿￿T Geth¢r*ti#g Futtds- Investment Min¥¢m¢nt
EWM advigor
17
11
Charle$ Stanley advisor
Comftwssion &ch8r8¢8
445
445
384
78
39
445
39
479
518
Charitabl¢ •ttiwit*s
Grants
Other expen
Govtrn*D¢e Costs
Independent
Examinatton
450
450
4SD
450
420
420
420
4211
Assetli•vestmeDt Pllrtba*s
InveslmEnt p￿rth￿%
10.034
79,921
79,921
Totil PiyJNents
10.929
459

Second HeDry Joseph ￿itt Scholarship
Notes to the Aeeounts
Yegr ending 8 Octob¢r 2025
Page 8
Note 4. Fixed Assets- l#veitmtBts *t V*luitioD
2025
2024
Mark¢t Valu¢ al stsrt of year
Aqutsitions al Cost
Disp￿1$ at MaTket vaJu¢
VAluation ¢hanges
MaTkrf Valu¢ at 8 O¢tober
83.847
10.034
(6,9841
78.010
79,921
178,6171
94,483
Note 5. BADk a#d Ca41L Bal*kn¢es
Exp¢lldable
U￿reSt￿¢t£d Endowrttext
FuDd5
2025
F.xpendib
'nrtstritted Endowmcmt
FuDd5
2024
Tot*1
2025
Total
2025
2024
RBS B&ttk
CS Incotne Alc
CS CapttAI AI¢
4.406
2.252
2.252
4.406
5.378