GLASGOW RAB INECAL SEMINARY Chari SC015742 ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025
GLASGOW KOLLEL ACCOUNTS YEAR ENDED 31 JANUARY 2023 CONTENTS PAGES Trustees Report Independent Examiners Report Statement of Financial Activities Statement of Assets and Liabilitics
GLASGOW KOLLEL ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 JANUARY 2025 The Glasgow Kollel has been a re SCOI 5742. The address is . isiered chariti. ? Charity Number The Charity, TnLecS duTing the year ended 31 Jantwy 2025 were:_ The main objectives ot'the clkarity are the advan¢¢menl of educatio reEi8ion. civic responsibility", community d¢v¢lopmenL art4 herilage, culture and science. The truslces have the authority to apIllI new trusttt& as the need arises. A new trustee would receive copies of th¢ previous year's AJuJual Report and Accounts and a copy of th¢ Charity Commi&8ion Leafiet 'The Essential Te¢-'hat you need to know,. The trustees have the authority to invest the Charity s fimds. but no such investments have be¢n made ihi5 >ear. In the current y¢ar. the Charity receised donatiolls of14,350 in addAtion to rent of120.870. Distribution of studenl grants w&$ 7).342. We now make larger grants to Yeshiv&8 and Kollelim, establisliments of higher Torah and RabbiDical study in many parts of UK and in Israel. We also continue to make grants to independant students show promise of becoming l¢aders and rdbbis. Our activities in Israel have stsbilized and it is expected that there will be finther d¢v¢lopment in Scotland. AIE known risks have been considered and assessed. The Charity, generally does not hold reserve as income is usually dÉstribuied as it is rtteive The admtnistration of the charity is carried out b) the trnstees. The Trustees did not receive any remuneration from the cFrAty during th¢ year: nor w'ere the), reimbursed for any expenses incurred on behaIf of the Charity. IK5ide5 travel expense5. Tnte¢s, responsibilities The Trustees are required under the Charities Accounts (Scotland) RcguIation5 26 and the Charities and Trustee Iestent (Scotland) Act ?005 to prepare financial statements for each fjnancial year which give a true and fair Triew of the Charity's financial activities during the year and its fmancial FK)sition at the end of that year. In preparing financial Statements giNing a trne and fair view, the trustees should follow best practice and. (a) Select suitablc accounting lIcI¢S and apply them consistently. (b) Make judgements and estimates that are reasonable and pnMl¢nL (¢) State whether applicable accounting slandards 8nd ststements of Tecornmended practice have been followed, subject to an), matrrial departures disclosed and explained in the financial statements"
GLASGOW KOLLEL ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 JANUARY 2025 (d) Prepa the fu1¢la1 statements on a going concern basis unless il is inappropTiat¢ to presume to that the Charity will continuc ill operation. The TnteeS are responsible for keeping accounting mrds which dtsclose with reasonable accuracy the fanCIal position of the ClwitN' and which enable then] to ascenain that the fll]2Dcial staiements complv applicable law and regulations. They are also resnSIble for safeguarding the assets of the chariry and hence for taking reasonable steps for the prevention aud detection of frnud and other irregulaTities. This rqx)rt w&8 appmved by the TnL8tre5 on 131h November 2025 alld signed on behalf of them.
GLASGOW KOLLEL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 JANUARY 2025 I report on the accounts of the TnLSt for the year cndd 31 January 2025, Nvhich are set out on pages 4 to 5. Respettlve r¢spon$ibilities of Tte¢S and Examiner As the Charitv's TnLStees you are resFM)nsibl¢ for the prepardtion ofthe Accounts. you consider thai under regulations l 0(1 ) (d) of the Cftwity Accounts (ScotlaDd} Regulations 2006 8 indeFcndent ex9mltion is needd It is my responsibility to slate: on the basis of procedwes specified in the general direction given bv the Office of the Scottish CFJ2rity Regulators and section 4411) (¢) of the Charities and Tru5ttt Investsnent (S¢oiland) Act 2005, whether particular matters have come to my attentio Basiq of Independent Examkn¢r's report opinion My examination w&s carried out in accordance with Regulation I l of the Charities Accounts (Scotland) Regvulations 2006, the general direction given bs, the Office of the Scottish Charity Regulator. My ¢xamination include5 a reN'ieM" of tbe accounting records kept by the Cbarity and a comparison of th¢ accounts PTeseT]ted with those records. It also includes consideration of any unusual item5 or disclosures in the accounts and seeking explanations from you as TneeS con¢eTning any such rnatts. I herewith rert that no matter come to my attention, wbicb would indicate thaL in any rnaterial TesFttL accounling records have not been kep¢ or the accoimts do not accord 7th those records. The procedures undertaken do nol provide all the evidenc¢ that OUld be required in an audit and consequently) I do not express an audit opinion on the view given the accounts.
GLASGOW KOLLEL STATEMEwf OF FINANCIAL ACTIVITIES YEAR EIWED 31 JANUARY 2025 2025 2024 INCOMING RESOURCES Donation5 receiv¢d 14.350 15277 Rent 120 135 131427 RESOURCES EXPENDED Student Grants 75342 54.915 Travel 2.400 2,560 Repair and maintenance 35.640 32,920 Loan Interest 147 120389 TOTAL EXPENDrfuRE Net movement of fuDds for the year Re8erYes brought fornnl- UDrestii¢ted 412S)6) llJ138 311789 R¢serYey Tried forvMrd- Unrestrirted 299,193 311.789 UnreAli5ed Gains OD Investments Balance blfwd & ¢/fvd Totsl Reserves 539 193 551789
GLASGOW KOLLEL STATEME[ OF A&SETS AND LIABILrrIES YEAR ENDED 31 JANUARY 2025 2025 2024 INVESTMEwf PROPERTIES 842.(K>5 842.LKI5 CURRENT ASSETS Cash at Bank 53203 66,799 CURRENT LIABILITIES Sutmjry creditors Net Current (Liabilitics) LONG TERM CREDITORS Bank Loans (357,142) (357.015) NET ASSETS ACCUMULATED FUNDS Reserves i39 193 551.662 Approved by the trustees on 7th Novernkn 2025 and signed on their half