# GLASGOW RABBINICAL COLLEGE AND MIKVEH 

FINANCIAL STATEMENTS FOR THE YEAR ENDED 

31 December 2025 Charity Number: SCO 08431 

## GLASGOW RABBINICAL COLLEGE AND MIKVEH 2025 


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|---|---|---|---|---|
|CONTENTS|Page|
|Administrative|Details|1|
|Report|of the Trustees|2|
|Independent|Examiner's|Report|4|
|Statement|of Financial|Activities|5|
|Balance|Sheet|6|
|Notes|to the|Financial|Statements|7|

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## GLASGOW RABBINICAL COLLEGE AND MIKVEH 2025 

## ADMINISTRATIVE DETAILS 

|Scottish Charity Number|SCO 08431||
|---|---|---|
|Trustees|Malcolm Livingstone (Chairperson)||
||Neil Livingstone||
||Michael Simpson||
|Address|Giffnock Newton MearnsSynagogue|Synagogue|
||222 Fenwick Road||
||Giffnock||
||Glasgow||
||G46 6UE||
|Independent Examiner|||
|Address|FLAT 3/2||
||3S NCATHWeaysids|Coct2T|
||CLAsqQecg<br>G 2o|GEP|
|Bankers|Clydesdale Bank||
||ST Vincent Place||
||Glasgow||
||Gi 2HL||
|Solicitors|Mitchells Roberton||
||36 Hanover Street||
||Glasgow||
||Gi2AD||



1 

## GLASGOW RABBINICAL COLLEGE AND MIKVEH 

## REPORT OF THE TRUSTEES 

The Trustees present their report and the financial statements for the year ended 31st December 2025 accounting policies set out on page 7 and comply with the charity's constitution and applicable law. 

## Legal status 

The Charity was established by constitution and is recognised as a charity by HM Revenue & Customs. As a result there is no liability to taxation on any of its income. 

## Governance 

The Trustees reviewed the objects of the trust and do not consider any changes are necessary. 

## Trustees 

The Trustees at the beginning and end of the year were as follows: 

Malcolm Livingstone, Neil Livingstone, Michael Simpson 

New Trustees are nominated and seconded by existing trustees. 

The Trustees do not receive any remuneration or expenses in carrying out the business of the charity. There were no related party transactions in the year 

## Objects 

The objects of the charity shall be to promote Jewish Education at all levels and by all appropriate methods and to engage in such activities as will lead to the accomplishment of these objects including Education Grants. To manage the Glasgow Mikveh (Ritual bath house) situated in the premises of the Giffnock Newton Mearns Synagogue. 

## Review of the financial position and activities of the charity 

The financial focus for the year ending 31 December 2025 was the careful management of income and expenditure. An increase in donations enabled the Trustees to increase the level of educational grants in 2025. In 2023 the Mikveh was refurbished. The costs in 2025 were again at a low level. 

## Risk management 

The Trustees actively review the major risks which the charity faces on a regular basis and believe that an annual review of the level of reserves combined with the ongoing reviews of the controls over key financial systems will provide sufficient financial resources in the event of adverse conditions. The Trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. 

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## GLASGOW RABBINICAL COLLEGE AND MIKVEH 2025 

## REPORT OF THE TRUSTEES Contd 

## Statement of Trustees responsibilities 

Law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the financial activities of the charity during the year then ended. In preparing these accounts, the Trustees are required to: 

select suitable accounting policies and then apply them consistently; make judgements and estimates that are in their opinion reasonable and prudent: state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

prepare the financial statements on the going concern basis unless in their view, based on the information available to them, that basis of preparation would be inappropriate. 

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with The Charities Accounts (Scotland) Regulations 2006 and the constitution of the charity. They are also responsible for taking reasonable steps both to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. 

## On behalf of the Trustees: 

## a Mdhy Date: Med J Rerk 

## aot Livingstone (Chairman) 

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## GLASGOW RABBINICAL COLLEGE AND MIKVEH 2025 

## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLASGOW RABBINICAL COLLEGE & MIKVEH YEAR ENDED 31st DECEMBER 2025 

| report on the accounts of the charity which are set out on pages 5 to 7 for the year ended 31st December 2025 

## Respective responsibilities of Trustees and Examiner 

The Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Trustees consider that the audit requirement of Regulation 10(1) (a) to (cc ) 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 

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the Trust and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts. 

## independent Examiner's statement 

In the connection with my examination, no matter has come to my attention 

1. which gives me reasonable 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 8 of the 2006 Accounts Regulations 

have not been met, or 


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## GLASGOW RABBINICAL COLLEGE AND MIKVEH 

## STATEMENET OF FINANCIAL ACTIVITIES 

FOR THE YEAR ENDED 31st DECEMBER 2025 

|FOR THE YEAR ENDED 31st DECEMBER|2025||||
|---|---|---|---|---|
|||2024||25|
|||Total||Total|
|||£||£|
|Income|||||
|Appeals and Donations||£31,714.00|£|29,984.00|
||£|31,714.00|£|29,984.00|
|Expenditure|||||
|Grants<br>Mikveh||£25,050.00<br>£2,500.00|£ <br>£|31,005.00<br>-|
|Expenses||£211.40|£|97.20|
||£|27,761.40|£|31,102.20|
|Operating Surplus (Deficit)||£3922.60|-E|1,118.20|
|Reconsiliation of Funds|||||
|Funds brought forward||£7,969.72|£|11,922.32|
|Net Surplus/(Deficit) forthe year||£39,22.60||-£1,118.20|
|Fundscarriedforward||£11,922.32|£|10,804.12|



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## Glasgow Rabbinical College and Mikveh 

## BALANCE SHEET 

as at 31st Deceember 2025 

||||2024||2025|
|---|---|---|---|---|---|
||Note||£||£|
|Fixed assets||||||
|Tangible assets||£|-|£|-|
|Investments||£|-|£|-|
|||£|-|£|-|
|Current Assets||||||
|Cash in Bank and in hand|||£13,922.32|£|10,804.12|
|||£|13,922.32|£|10,804.12|
|Current liabilities||||||
|Creditors|||-||-|
|Accruals|||£2,000.00|£|-|
|Net current assets||£|2,000.00|£|-|
|Total net assets less current|liabilities|£|11,922.32|£|10,804.12|
|TotalFunds||£|11,922.32|£|10,804.12|



The financial statements were approved by the Trustees on te [30 Ab. and were signed on their behalf by: 

Signed AVA 4 Flan tee 

Malcolm J Livingstone (Chairman) 

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GLASGOW RABBINICAL COLLEGE AND MIKVEH 

31/12/2025 

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2025 

## 1. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. 

## Basis of Preparation 

141 The financial statements have been prepared in accordance with applicable accounting standards, under the historical cost accounting rules, modified to include the revaluation of listed investments, The Charities Accounts (Scotland) Regulations 2006 and the Statement of Recommended Practice - Accounting and reporting by Charities. 

1.2 Investments Investments are included at market value 

Realised gains and losses represent the difference between sale proceeds and market value at the previous financial year end or purchase cost if acquired during the financial year. 

Unrealised gains and losses represent the difference between sale proceeds and market value at the previous financial year end or purchase cost if acquired during the financial year, Both realised and unrealised gains and losses are incorporates in the Income and Expenditure Account. 

In the case of a permanent diminution in the value of investments, provision is made in the income and Expenditure Account to reduce the carrying value of Investments to their recoverable amount. 

## Funds 

1.3 The Income and Expenditure Account and the Statement of Financial Activities have been combined because of the similar nature of incoming resources and income, together with their use. The Trustees confirm that no stipulations have been put on the Charity's funds. and no funds in the financial statements. 

1.4 This year shows a surplus of £3952.60 

2 FUNDS 

|FUNDS||||
|---|---|---|---|
||2024||2025|
||Total||Total|
||£||£|
|At 1 January|£7,069.72|£|11,922.32|
|Surplus (Deficit) foryear|£3,952.60||-£1,118.20|
|At31December|£11,922.32|£|10,804.12|



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