Charity number.. SCO52553 GLASGOW REFORM SYNAGOGUE SCIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
GLASGOW REFORM SYNAGOGUE SCIO CONTENTS Page Referen¢¢ and admlnlstratlve detsils of th• Charlty. ]ts Tfustees and advls?rn Tru5te¢$' roport Independent oxamln•rf$ r•port Statement of flnanclal 8alanc• Sheet Notv4 to thtr flnan¢lal 8tatem•nts 8-19
GLASGOW REFORM SYNAGOGUE SCIO REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2026 Trustees 8 Raskin, Chair lappoinled 26 November 20251 C Judah, Vice Chair lapwnted 26 Ntmber 20251 J Sevitt, Treasurer W TaWor, Secretsry W Hecht IresvJned 1 Junè 20251 In addition to the Board of Trusteès. IM mèmters of Exb¥e are 85 f0lb)%.. E Carroll. Head of Reltqious Aff8irs C Gilland&r$, Membership Convtrnor T Naddell, Buiklings C)rdina10r .8 AnAon Bijrials Coordinalor J Judah, Security Coordinator F Byrd. Communications cldInal0r N ByTne l Boemtr, S8feguarthrvJ Chortty rnglster•d numb•r SC052553 Prlnclpal offk• 147 Ayr Road, Glasgow. G77 6RE Ind•p•ndent Ex•mln•r En D1 CA FCIE. Arm¥trcry Watson LLP, Cadon18 House, 89 Sward Slreèt, Glasgow, G41 1HJ Bank•Y• Bank of ScotlaThJ, 110 Queen Slre•t, Glasgow. G138Y Page 1
GL8G0w REFORM SYNAGOGUE SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their Teport the financial statements of the charty for the year ended 31 Decemb&r 2025. The Trustees have adopted thè provisions of Accountiry and Rewrting by Charities". Statement ol Recommended Practsce ISORPI aPpIable to charItS preparing their accounts under the Financial Reporb'ng Standard applicable In the Unrted 'ng(hYTh ReputAK of Ireland IFRS 1021 l¢ff¢div& l January 20191. OBJECTP4ES ANO ACTMTIES Oblèctlvas and alms Glasgow Rolorm Synagogue IGRSI t5 the home ol Reform JLKlaism in Scotland - inspiring individuals and cornrnunil$ wth Relom Jewsh value5 arKI tradrtns. Our purpose 15 to maintain th$& goals for the benefit ol our rnernb8rs and the communty. Thè objectives of the Charty are lo provide and prornote Reform Judaism. both from a ligiouS arKI Gultural point of view, in Glasww and throughout Scotland and lo promote any charitable purpose calculated to further Refom Judaism. There are arnS to merge the movement wrth thè allied Liberal movement to g) loThvard undw Ihe banner of Prc4Jfe6wve j81$M. ACHIEVEMENT AND PERFORPAANCE Charltablé actlvltSes Wts have ¢ontinued to plan and deliver ser¥i¢&s. edltn. training and dtrvtrlopment. Our Rabbi continues on a part lim• basis and is a pJsitNe and untyng focus. There are VEekty Shabbat s&rvi¢&$ on a Saturday morning in person and online. We 8r¢ $upported by 5ecurty personnel and staff. OrKe a month ther$ Is a Supper led by the Rabbi which 15 an opportunty lor members lo meet and swalise, together wrth monlhly study $essions. The Holo¢au$t Memorial Day 5ervic£ ¥fdS. as ever, an emotional day. thi¢h attended by local dignitsrfe$. one ol vknom, Jack Carlaw, has been è %bvnderfLA suppKJrt lo Ihe Scottish Je$h community for many years. He'll h $8dly mlssed by th& commuThty haNiry lost his seat in recenl sttISh Parlament electn. Our 8urn$' Supper was a fabLknIB ovwit, atlrxung over Beventy peo, •njoy•d an •venirs of ver8e, son9 and dance. There have been many olher I•1•)8 and 8ou•l ¢vents, 8Lth a$ Purim. our attended communal Passover seder, and Chanukah. A numt4r of familw have celebrated 88r or Bat rnrah aThJ hav¢ been $LPP)rt¥d by tho congregation and the ¢ateritvJ Irn. There hos been a modest grovrth in members, aTrJ a conversKJn yogr8mm& ¢ontinues to be offered. Our building 16 tsld r•quir•6 0 61gnift wmtyJnt of oryoir4 rgpl¥c•m•nt and r•p#ir. Th• boilers wgre rer)f8r.Afl ¥n¢J the heating stern upgraded. E$$nb"al electrul underw, ar Upgrad to the alami system, roof repairs. a1 streamin9 equipment are in PfO9ress. Our De$ignated Safeguarding Le&1 produ¢ed GRS policies and guideli5 staff, Trustee5 and volunteers in linp. with n.qr.R At)rl Ahnvp.mpnl lor Reft)m Jlklaisrn requirements. Truslees have ¢arned out the appropri819 Ir8ining. Communication is rnade via klY nthsktters. edLKation ses$p)ns and meth'ngs wth Memr5 and pastoral support. A survey of mernbers highlighted areas to improve ènd are tn9 to implement this with our sm811 tèam of active volunteers. FINANCIAL REVIEW R•s•rve8 pollcy and golng Coneern The Trustees have a target ol ensuring that the unre5tricled cash reserves remain above £50.000 and that ihe target is monitored. This Sum is intended to be $urhoent to cr me operatnl neeus of the synagogue for a minirnum period of six months. Page 2
GLASGOW REFORM SYNAGOGUE SCIO TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Reserv•s pollcy and go5ng concem (continued) Thanks to the efforts ol our past Chair. one of our rsgular thrKJrs made an irKrease contribution, vthich was of Significant benefit, At 31 December 2025, Ihe unrestricte(I reserves stood at £188.936 12024". £199.0631. The Trustees expect the reserves to de¢rease In 2tr2ti owng io me arnouni oi expenoiiure. Dut naving reviewea the likely outcome lor the next 12 months tsking account ol histor Irends perfomance and since the 8alance Sheet datè. they consider that the Synagogue wll be in a kw)sition to meet rts financk81 liabilrt$ as they fall due and will be ablo to do so for a perti)d of at least 12 months from Ihe dale the account5 are signed. The main Sour ol irKome from annual subscript)ns £67,334 wth last y&ar beir¥J £66,313 wth a forec851 for 2026 of £68,066. Recurrent expendrture has sho5 an incre85&. as was lorecasted. mainty in rabbini¢al ¢osts and an increased I•1 ol propety repairs. The Synag)gue's financial viability at current levtrls of expenditure is also highly dependent on the level a1 continuty of SUFPOrt by way of donalJns, fundraising and hall letting fe¥8. FUTURE PLANS The Financial Commrtlee and Ihe Wider Exe¢ulive negot1 a loan from è communlty organisation, and are n$idering ways of iweasing income includiny fundraising, and a possible increasè In rntrmbership le&s. There 18 an ongoirrfJ legacy campaign as the Syn&Jogue has grtrolty benefited frorn legacies of v8rying amounts over the years. Th• Finance Commrttee and the wder Exe¢ulive wll continue lo locus on Wa lo reduce trxpondilure. STRUCTURE, GOVERNANCE AND MAIIAGEMENT Govornlng document On 18 May 2023, a 8ntty, Glasgow Reform Synagogue SCIO was established. The SCIO is registered at Cornpanie5 Houso wth th r&ference numter CSOC6321. The SCIO is also wistered wth OSCR w71h th• r•lerence number SC052553. The governirrfJ Oocument is a ConstituD'on dated Novmber 2023 approved by the members. On 31 December 2023. 011 t 8s8•ts aNI IwbilitM of okl Trust V•r• Iransfwrad over into the SCIO. The old Tru$1 has been dissofvad. The Syn8gogu• 18 also recognl8ed 88 a Charty by HM Revenue and Customs and aB a resutt, there i# no Ikgbillty to tgxation on any of ts income. Oryanlsatlonal structurn Trust••s are appointed by the rnembers at the Annual General MeetiThJ arby are entru8tsd th the govemance of the Charity throughout the pen'od of Iheir appoinlmeftt. The Trustees endeavour lo meet monlhty lo miew all oper8110nal ana slmegic mallers aTrJ re •$ approprme. Inductlon and tralnlng ol new TN$teo¥ Other communications inforrn and upd81• both Tnthes arKI exi$b"rKJ TrusleeG in respect of the organisation's legal statu5, consbtutional Lk¢Lrnenls ond other general information. in addrtion to a r•vlew of K•y management remuneratlon and r•l•tsd partles Key management personnel vkno are responsible lor man1n9 and tr)nlrolling t Charty are the Trustees who are members of the Executive Committee. The Trustees do r1 receive remuner8bon for their services. In addrtion, the Board considers th* the Chafws rèlated parties are its Trustees. Thèrè no related paty transactions during Ihe year ended 31 De¢emter 202512024.. Ine1. Page 3
GLASGOW REFORM SYNAGOGUE SCIO TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2025 Rlsk management The Trustees h8vè a duty to review the printypal risks and unrMainb"es that the Charity tsces and to ensure adequate controls are in place to provide reasonable assurance tyainsl fraud and error and, consequenty, any P)Ient8$ irnpact on me Lharrty. The sagOgUe nas coniinue¢ io ernploy ali iriV11llI>l1L LxJukkveper. Our adminislrabve processes have beeft str¥amlined and improved and expenditure is r84$ed on an ongoing basis. The principal risk facing the Charity is the generth.on of sufficient ftmds to provide the required Iwl ol service and to maintain the Synagogue builJiThJ and Cardtsnald burial ground. Ajthough the level of reserve funds is sound at this lime, there is an urgent re<l for a forward plan to ralitsnalise expenditure and Income for the next few years. Wrth the transfer to a SCIO. a Financral Commrttee establishe(I, rnade ol the Chair, the TreaSUr, the Saleguarding Officer and the ¥¢¢ount manager. This group has been tasked wth ¢lo$ely monitoring the finances of the Synagogue, seekin9 to itaSe incorne and manage expenditure. Approved by order ol th• members of the board of Trustees and gned on Iheir behalf by.. 8 Raskln Ch•lr J Sevlti Date.. 14 July 2028 Page 4
GLASGOW REFORM SYNAGOGUE SCIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Ind•pendent examinerfs report to the Trustees of Glasgow Rèfomi Synagogue SCIO I report on the 8¢¢OLKts ol the charity for the year ended 31 December 2025 vhM"¢h 8re set out on page5 6 10 19. Respective responslbllltl•s of Trustees and examlnr The chantys trustees are responsibl for th8 preparation ol the fincIalSleMents in xcordance with the terms of Ihtr Charities aThJ Trustee Inv&stment IScotlaThJl Acl 2005 I'lhe A¢t'l and the Charitie5 A¢UnIS IScoll8ndl Regulations 20061'th¢ A¢¢ounts Regulations'l. The Irustees consider that the audit requiiernent of regulation 1011llal to Icl of the Axounts Re9ulaknons does not aFply. It is my responsibility lo ex8min¥ the rinancial slalemenls as required uTrJtrr s¢th"on 44111{c} of the Act and lo state %thether particular matters have come to my att•nbon. Basls of Independ•nt •xamln•rfs ststem•nt My exèmin8lion carried tyjt in ac¢ordatK• %%ilh regulation 11 of the Ac¢ounts R•gulations. An ex8mln8llon include5 a review of the accounting records kept by the charty and a cornparison ol the financial slalernenls presented wth those records. It also indudes con$idefation of any unusual rterns or disclosures in the financial statements. and seeking explanations trom you as tnjslees concemiry any such matters. The pr¢¢¥dur&s undertsken do not provide all the wd&n¢e that I11d be reqthd in audit, ¢onwuently I do not trxpres8 an audit tsWnn on Ihe view given by the ac¢ounts. Ind•p•nd•nt •x•mln•rf• ¥tat•m•nl In ¢h• ¢our8• of my examinatiM, r matter has come to my attention.. vthl¢h mo reasonable Ule lo that in material resFe¢t th• r8quirements'. lo keep a¢¢ouniiNJ records In xcordance 8•¢Yon 4411llal ol the Act and r•9ulatkJn 4 01 the Accounts Rogulatior', ar to ppart fin8n¢i81 statements accord wth tho acaiunting records, kcountin9 and ReportirvJ by Charities preparirwJ their 8c¢ounts in accordance with the Fin8nci81 Reporting StAndard in the UK Arwl RlihI. nf Irftlanrl IFR.8 ln?) in nlhèr rèspects com wth regulation tsl th• A¢¢ounts Regulabons have not been m¥l." or Its wh¢h, in my ownion, atterdion b• drawn in order to enable proper understandiThJ ofthe financlal slalemtrnts to be reached. This rer•)rt 1$ mJe 80*ty to thtr Tr(le&s. a8 a boty, in CordeO ¥th regulat1 11 of th• Char98 Accounts Iscotlandl Regulatiorb5 2006. My vnrk has been uThJertaken 50 that I might state lo the ¢haritys Trustees those matters l am required lo Slate to them in an IndeFendent examinèffs r&port and for no other purpose. To the fullest extent perrnitted by law. l (k) not accept or assume sponsI111ty to anyone other than the ¢h8rty and the charity5 Trus , ts mywork OT for this reFK)rt. Signed.. Dal•d'. 14 JLty 2026 ewen Dy The Insli e of Charttred Accountants of Scolland Arrnstrong Watson LLP Caledoni8 House 89 Se8war¢J Street Glasgow G41 1HJ Page 5
GLASGOW REFORM SYNAGOGUE SCIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOEO 31 DECEMBER 2025 Unrestricted funds 2025 Restr8¢1 fvnds 2025 Total funds 2025 Total funds 2024 Note Incom• from: Donations and leg3ci•8 Charitable ath"vilies Other trading actmties Other income 31.678 99.810 16.940 2,007 8.198 39,876 99,810 16,940 2,007 53,819 ,232 21,046 1,261 Total Ineom• 150.435 8.198 158.633 172.358 EKpendltur• on: Raising lund6 Charitsbltr a¢tMbes 2,625 157,937 2,625 175,710 2,630 156.804 17,773 Total •xp•ndltur• 160,562 17,773 178,335 159.434 N•t mov•ment In f¥nd• 110,1271 19,5751 119,7021 12,924 R•conclllatlon ol funds: Total fund5 brought for%bvrd Net mov•m•nl in lunds I99,3 110.1271 236.139 19,5751 435,202 119.7021 422,278 12,924 Total funds carrl•d forrtI 188,936 226.564 415,500 435,202 The Statement offfin8n¢ig18¢tiwt*s indLths al and ltssse8 f•COgn in the year. The notes on pages 8 to 19 lom of the88 fman¢i81 stol•m¢nts. Page 6
GL4SGOW REFORM SYNAGOGUE SCIO 8ALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note FlJÈed as8?t6 Tangible asset5 11 329.543 314.697 329.543 314.697 Current s•ts StcKks Debtors Cash * bank and in hand 12 13 13.500 12.278 151.177 13,500 8,640 135,334 176.955 157,474 Curr•nt Il•bllltl•• Creditors.. amounts falling due V*ithin onB year 14 (Jo.9901 I,969) N•t ¢urr•nt a8s•ts 140,957 120,505 T+)tsl as•&ts les¥ cuntnt Il•bllStl 470,500 435,202 Creditors.. amount$ lallsng due after more than rjne ye¥r 15 155,0001 N•t a8S•t• •xcludlng p•n•lon •u•t 415,500 435.202 Total n•t a88•1• 415,500 435,202 Charlty fund• Restricted funds Unr•strlcted fttnds 16 16 226,584 188,936 236,139 199,063 Tot•1 funds 415.5C4) 435.202 The financial statements Te aFproved authoriBed for is$ by ihe Twstees on 14 Juty 2028 and signed on their behalf by". B Raskln Chair J S•vltt The notes on pages 8 to 19 form part ofthese finartial statements. Page 7
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollel8s 1.1 Basls of pr¢paratlon ol flnanclal statsm•nts The financial statements havè been prepared in a¢¢ordarKe the UrbareS bORP IFRS 1021- Accounting and ReprytiThJ by Charrts'. Statement of Recommended Practs'ce applicable lo charib'es preparing their accounts in accordance wth the FinarKial Reporting StsrKl8rd applicable in the UK and Republic of Ireland IFRS 1021 leffectNe 1 January 20191. the Fin8nGial Reporting Standard applicable In Ihè UK and Republic of Ireland IFRS 10218fKI the Charities and Trustee Investment IScoNandl Act 2005 and Chariues Accounts (Scotlandl Regulations 2006 las amended). Glasww Refomi sc¥aUe SCIO meets the thfirhthon of a tenefil entity under FRS 102. Assets and Iiabllities are inrtialty reccsnised al historical cost ty transaction Val unb$$ othermse staled in the r&Iant accountirrtJ polw. The fin•n¢ial statemenls are presenl•d in Sterfing (£1. 1.2 Judg•ments The churty eothGidorG on an annual ba61£ th• judg•mgr5t$ that •r• made by mana(wmnt ythp.n app.n9 ils significant accounting polties Ihat VKJuld hm the mosl signffj¢ant &ffect on amounts that aTe recognised in the financ1 ststements. Tho Tn consthr that there are Th) s(h signfficanl judgements. 1.3 Golng concom The financial statements have b8&n prepared on a goir4J concern basis. HavirrfJ reviewed the charitys historic trends ond rtOm7ar since the balance sheel dato, the trustees consider Ih•l the ch•rity wll be able lo m••t rts fincial ligbilitEs %th8n they fall due and wll be able lo do so for p8rKxl of al lea51 12 months Irom the tsle Il accounts are signed. Consequenuy. th¥ Trus168S consider il appropriate to prep8te th• ffingncial statemenls on • going conctrm b8818. 1.4 Flnancl•l R•portlng Standard 102- ft•d dl•closure •x•mptbon• The charty h88 tsk *Jvantage of the folknmrwj disck)$ur• ex•mpts'on in preparing thèse fi'nancial statements, as permitted by FRS 102. Financaal Ryrnrg larar0 appiicaDle In the UK ana Republi¢ of IrelaThJ. - thè requirements of Section 7 Stsl•m•nt of Cash Flows. Page 8
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polkles Icontlny¢dl 1.5 In¢ome All incorne is recognised once the Charity has entitlement to the income, it is probable that the income wll b& rèceNed and the amount of im)me receivable can be m&asured reliably. Th• recognition of irthme from legrn is dependert on estab1¢5hir¥J entiUtrm&nl, the probability of receipt and the abilty to estimate with sufficient uraCY amount rectrivable. Evidence of entitlement lo a 18gacy exists vknen the Charty has suffiaent eviden¢¢ that a gift has been lèft to them (through k¥edge of the existerte of a valwj wll and the death ol the benefactor) and the executor is s8lisfie(J ttiat the property In qUesn wll not Èe required to satisfy claims in the eslale. RKeipt of a legary musl te recognised V+hen rt is probatylè that it wll be received and the fair value tsl the amount receNabl&. wll qeneralty be exrt•d sh amount lo b& distributed to the Charty. can rdiabty measured. Membership subwlptions, gfft akl Tecoverèble 8rd b01 income are rewnised in the ptsriod lo vthl¢h tw relate and are irKJudgd in irKome from Charita a¢bviti&s. Irwme Irom govemm¥nt 9rants. vhther a '¢apilal' 9rant or 'revenue' grant, 1$ recognised wtn the ¢harty has enlitltrm&nt to the funds. ary pertmanCe ¢orvJitions attached lo th& grants have beon met, it is probable thal the income wll be received and th& amount can be measured reliably. 1.8 Exp•ndltur• ExFendrtur• 18 rfj¢ogni8ed orKe thertr 1$ 8 legal or constnKbve obligab'on to transfer economlc benefit lo a third poty, rt is probable that a transfer of econornic benefits will b& required in settltrment and the •mount ol the obluation t4 Measu Teliabty. Expenditur is classified by aclNIty. The costs of ea¢h activity are made up of the total of direct C05t5 and sha costs, including $UPPOrt costs involved in un¢Jertaking each acbvty. Direct C03ts amributable to a single ¥tivity are allocated directty to that activity. Sh8r¢d costs %sthich contribul• lo morè than one activity and support COSt8 which ar rwjl attributable lo è siThJle activity a apportioned bewn those actNibtrs on a basis consislenl th8 use ol reBources. Central staff costs art ¥lb¢aled on Ihe basis of lime spent, and depreciation ¢harges allocate(J on Ihe rOn of ihe asset's L. Expendilure on raisin9 fund5 inclLKles all xpendrtur6 Incur by thtr Charty to raise funds lor its charrtable purp08es and iKIeS costs ol all fundr•sir¥J activibes events and non&charrtable trading. Expendilure on ¢hwrtable actNibes i% in¢urr¢d on directy uThJertaking Ihe ¥¢livit$ vthic further th• Choritvs objgrtbVP.4 AR vffill Any A8socialed support costs. 1.7 Governan¢• cts Consi51s of the ¢osts of the accwnts prep8rdkn.on aNI other financial s•Nces aThJ any expenditurg incurre(l in CoMe wih the *gal requirements of Ihe Chty. Page g
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2025 Accounting polkl•s Icontlnuedl 1.8 Tanylble fixed a95ets and depreclatlon TaThJible fixed assets costsng £500 or more are capitalise<l and ognISed when future economic enefits are prObat and the cost or Val of the asset can be measured reliabty. Taroitle Fixed Assets ¥• Iude in the balance sheet at o)st k$s ac¢umulated depreclalion and Impairment losses. Depreciation is providod on the foJhyM"ng rjasis.. Heritable propety Security eqLsiprnent BOir eouipmenl Krtchen equipm&nl Office equipm•nt VA On cost 20% On reducing balarto 7% On cost 15% On reducing balar 33% On COBt 1.9 Impalrnwnt of non-fln•n¢l•l •Its At exh reporb'ng dote, NJn•financBI as$w$ carNed ai tsir valu8, IIKe tyani, prowrty arid gquipment, are reviewtd to detemine vth¢ther thefe is an indication Ihal an asset may be impaired. 11 there is an indica11 of possible impairment. th8 recoverable arnounl vthi¢h is the higher tsf value in use and the lair valutr les$ cost to sell. 1$ slimat•d and compared wth the Carn9 arnounl. 11 the recoverable amount is low. the carrrj amount 01 thg asset is dUCed lo its recoverable amount ond an Impairment lom 1$ rwni8ed imrnediatdy in pfofft and lo••. 1.10 Stock stocky r•Lql• lo the wiwwlion of c•m•tsry Iw'rs. Th Iw'rs ar• bw'ThJ included In the balance sheet 1.11 Taxatlon The charity is exempt from lax on it8 chariloble acbvths. 1.12 Fund accoundng Funds ld by tr Charity we either... Gweral funds- funds tho1 w be in X¢ordar wilh the charitable ObltiveS at the di$crgtion of the trustee8.' 8nd Designated furts- Set a5Kle by the trustees for 5pecrf lutur• pwposes or woje¢ts. RestrKted fur - erther funds that ¢an be used onty for that $PeCff purpose as Specffi'ed by the ¢SJnor or funds th* have raised for particular purpo$es. Further explanab"M of the nature ¥ThJ purp)se of each lund is included in the notes to the financial sfatements. Page 10
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Aecountlng policies l¢ontlnu8dl 1.13 FSnanclal Instruments Thè charty onty enters into ba financial instruments transactions Ihat result in the recOgn"On of rin8ncJal assets and liabilrt]"&s likè other accounts re¢wvabJe and payable. Debt instrL#Mants that are payable or r8ceNable TthIrt on¢ year. 1Cl olh&r accounts receivabltr nd payablè, are measured. in1b81 and subseq. ot the disCOunted amount of cash or other consideration expected to be paid or receNed. Financial assets measured at cost and amorlised cost are assessed 81 end of each reporng pefirKI lor evidence ol impairment and rf found, an imp8iment loss is recognised in profit or loss. Financial liab11rf are dere¢ognis•d lièts.lity is exhryJuished, that i¥ %%then the conlr8clual oblylion 1$ discharged, or 8xwre5. Cash and Cash equNaknts iludeS cash in hand, dep)srts held at call wlh tyanks, other short-terrn highty liquid irw$lm•nts wlh origin81 molurities of three monihs or less and bank overdrafts. Bank overdrafts, ¥then applicable. are sho1 vthin bJrTtyMng$ In curreni118tylllTI¥S. 1.14 Pèn¥lon co•1• and other tetlY•M•Trt benefN• The charity operalw 8 d8fiMd contrilyjtiw pen8Jn g¢hem• 9Th1 also makes contributions to the Fersonal pension plans ol certain •rl¥1dual$. Cofttribthions payable to th? $¢h•m•8 •re charged lo the prolrt and loss account in Il period to vthich they relate. 1.15 Cred0T8 and pro¥blon8 Credrtor¥ and pfowsions 8re recognised Ythe the charity has a pent obligation r•8urtlng Irom o P8$1 ovnl ihal wll probabty Te$utt in the transfer of lunds to a third party and the amount due 10 5ettl& the obligKJn can be rneasurtd or esbmate(I reliabty. Creditors an¢J provisions are norrn•l recognised at their settlement amount after allowng for any trade di5counl$ duè. Incom• from donatlons and l¢g•¢le• Unrestricted ftjnds 2025 Restred funds 2025 Total lund$ 2025 Total funds 2024 Don8lKins indLJir4J legac aThJ b•ou&sts Grants 31,678 1,550 33.228 8.648 46,738 7.081 Total 2025 31.878 8.198 39.876 53,819 Grants relate 10 CST Govemment Gwarrt5. In pwiTm yv*. ¢knatiOr of £2,20 and grantj of C7,001 r&lal8 to restricted fvnds. Pagè11
GLASGOW REFORM SYNAGOGUE SCIO MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 Income from charStable a¢tfvltl•s Unrestricted fttnas 2025 Total funds 2025 Total fund5 2024 Subs¢nptions- adutts Gift aid recoverab Burol roceipts 67.334 12,845 19.631 67,334 12,845 19,631 66,313 16,769 13,150 Total 2025 99,810 99,810 96,232 In¢om• from oth•r tr•dlng actlvttSe• Incom• from non ch•rltabl• tradlng ICtfv UnreGtri¢ted funds 202S Total funds 2025 Total fundB 2024 Ho11 lètting fees Fundraising ovenls 11.180 5,760 11.180 5.760 13,645 7,401 16,940 18,940 21,048 Oth•r Incomlng r•80urc•s Unr¢$tn'cled funds 2025 Total hjndrs Tol81 funds 2024 2025 Bank int1 roceNed 2,007 2,007 1,281 Page 12
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ExpendSture on ralslng funds Costs of ralslng voluntary incon Uniestricted fvnds 2025 Total funds 2025 Totsl fund5 2024 Costs of fvndraisirrfJ events 2,625 2.625 2,630 Anatysls of •xp•ndttur• on charlt•ble Ktlvlll•• summary by fund typ• UnreBtricled funds 2025 R0$11¢d fvnd8 2025 Total 2025 Tot81 2024 Charitable 157,937 17,773 175,710 156,804 The prior ar figur• I1(18$ lIn¢t eXrWUre of £18,923. An11 of •xp•ndSturn by •¢tfvlt uTrJertsken direcuy 2025 Support costs 2025 Total fur8 2025 Tot¥1 lunds 2024 Charitat4e aclmty 169,610 6.100 175.710 156,804 Page 13
GL4SGOW REFORM SYNAGOGUE SCIO 14OTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysls of eypendltur• by acttvities Icontlnued) Analysis of diro¢t ¢osts Total funds 2025 Total funds 2024 2025 Sl8ff costs R•pairs and renewal Charitable donats'ons ompuier cosis Burial ouila Profe55ional fees Rabbinul costs Insurance Light and Mat Telephone Postsge and stalthwy Sundrie$ Catering and Cleani Security Depreciation Education MJR 81fi1iation$ Other affiliation5 33,450 15,525 1.190 4.070 11.403 7,840 32,995 5,551 10,087 3.187 3.021 1.937 3,287 13.226 12,388 283 8,765 825 33,450 15,525 1,190 4,870 11,403 7,840 32,995 J,SJ1 10,067 3,187 3,021 1,937 3.287 13,228 12.388 283 8.765 825 40,804 4,6Cfj 120 2,314 4,533 3,464 30,325 12.264 4.213 3.771 1.043 5,769 11,179 11,598 1,001 7,180 923 169,610 169.610 150,584 An•ty•l8 of support co¥ts Total fund 2025 Total funds 2024 A¢1.¥$ 2025 Indepe1ent &xaminerfs fee Book.keepirvJ I 3,160 2,940 3.160 2,940 2,980 3,240 6,100 6,100 6.220 Page 14
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Staff costs 2025 2024 Wages and salaries Contribubon to define(I contribution pension sdw 32,922 528 40,014 790 33,450 40,804 In addit lo th above, there re for rabbinThl services of £32,995 12024.. £31,035). vthich inclLNled payments to a personal pension pkn of £Nil 12024."£2,0001 and also payroll costs of £2.720 12024.. £2,720), 1¢h are in¢luthd in educational ¢osts. The averagè numb•r ol peTsonB emWoyed by the Charsty during ts year was as foll)vM'. 2025 No. 2024 No. Number of man•Jemenl staff Numbei ol ¢haritable servirs Staft No •mploy•e receNed remLW)erotiM amountirq to mor• Ihan £60,000 in either yegr. Dur4n9 the ypar, total remr0.0n of £NIL12024.. £NILI was paid to k•y m8nag8ment person1. 10. Trust•. r•mun•ratbon and •xp•nM• Ourfng the year. no Ttee5 recepmd 8ny remunw¥lirm or other beneffts12024- £NILI. Ourtng the yyar eThJed 31 Oecembw 2025. Trus1•& •xp9nses have teen IrKurr8d12024- £NILI. Page 15
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 11. Tanglble fixed assets Heritsble lffthen Boiler Propcty ttquipmtsnt equipment Security Office uipm•nt •quipm•nt Total C05t or valuatlon Al 1 January 2025 Addition5 546,479 27,164 6,084 11,840 591,367 27,234 27,234 Al 31 December 2025 546,479 27,164 27,234 6,084 11.640 618,601 D•prnclatlon At 1 January 202$ Charge lor IM Ydar 234,995 10,632 25.985 240 4,389 420 11,301 339 276,670 12,388 757 Al 31 DI¢•mr 2025 245,627 26,225 757 4,809 11.640 289,058 N•t book v•lu• Al 31 Dec•mt•r 2025 300,852 939 26,477 1.275 329,543 Al 31 0e¢•mt•r 2024 311,484 1.179 1.695 339 314,697 InclL*Jed in heritsble prorty is land costiThJ £15.CM)O 1¢h is not deplated. 12. Stocks 2025 2024 Burial lairB 13,500 13,500 Page 16
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2026 13. Debtors 2025 2024 Due wSthSn one ye•r Income tsx rscoverable Prepayments and accrued irwne 2,916 9,362 2.515 8.125 12,278 8,640 12,278 8,640 14. Cr•dltor•: Amounts hlllng du• wlthln on• y•4r 2025 2024 Other ¢ffjdrtors Accruals and d8ferred irKome 14,218 21.782 14,235 22,734 35,998 36,969 15. CrndltoTr: Amounts falllng du• •ft•r mor• than on• y••r 2025 2024 Loan 55,000 The 108n, vthich w7$ Te¢eNed from a communty organisation. 15 interegt free and is payable on the earlier of th• sale of the Synagogue from the prwds ol that Sale or if the property ceases to be occupied and used as a plac• of Irship for 8 conb"nuou$ Foriod in exctrss of 36 month¥. Th• loan is $•cur by # Standard sprJJrify twp.r thp. r0rty Page 17
GLASGOW REFORM SYNAGOGUE SCIO 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2025 Statement of fund5 stat8m•nt of funds- curr•nt year BalanG¥ ot 31 December 2025 January 2025 Income Expenditurts Unr•strlcted funds General Funds 199.063 150.435 {160,$621 188,936 R•strfcted lund Synagogu8 Property Security lund EdOne1 ftmd 234.935 110.842 16,6481 12831 224.093 6,648 1,550 1.204 2,471 236.139 8,198 117.7731 226,564 Totsl ol fund• 435,202 158.633 1178,3351 415,500 The reslrl¢ted fund relates to funds receNed n respe¢l ol fv acquisibon of tr Synagogue and 5UTty equipm•nt. The Synagogue prowrty and the secunty •wipment are induded in fixed assets in no1* 11. A rutricted grant 01 £6,64812024'. £7.0811 v48 r•ceived duriTYJ y•ar trj be utili8ed on th8 provision of securty and this has been fvlty utihsed dl¥j th& year. Donalions of £1,550 were received in SpeCt of educational costs and ol these, £283. re ub"lised duriThJ the year, lèaviry a balan of £2,471 to be carried 10Thrd. Page 18
GLASGOW REFORM SYNAGOGUE SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAqBER 2025 16. Statsment of fund5 l¢ontlnu•dl Statsment of funds- prlor yèar BalarrE al Balance al 1 January 2024 31 December 2024 Income Expenditure Unrestrkted funds General Funds 176,503 183,072 1140,S121 199.063 RtrIcted funds Synagogue Propety Security fund Educational fvnd 245,776 110.8411 17.0811 11,0011 234,935 7,081 2,205 1,204 245,776 9.288 118,9231 236,139 Total of fund• 422,279 172,358 1159,4351 435.202 17. EMPLOYEE BENEFfT OBUGATIONS Thè charity operates a defi contribution penslon scheme and make$ payments to the personal pension plans of certain individu815. the assels ol vknich afe hdd in separate funds. The amount paid in the year and charged to the Stst&mènl ol Financial Adivthes amo¢Jntea to L5215 ILUd4'. k2,I¥UI. AI J1 December 2025, £NIL12024'. £NILI 4$ to the penS)n schemes by the chgrty. 18. CONTINGENT UABILMES Under the corKlitions of a grant recepled from GLqsgtrw Jewsh Community Tru518nd Esterson Trust, a grant of £50,000 will become repayable on disp)sal of the chariws premise5 at 147 Ayr Road, Glasgow unless the proceeds ol disposal are revinvest in an allernatNe Synagogue srte. Thtr terms ol the grant also provide lor a prrtrrats participaln in yofil over ihe c1)Mp• project value by the afor•menttoned Trusts, should th¢ 9rant become paYabl*. 19. RELATED PARTY DISCLOSURES There re nts rélatèd paty tranBa¢tionB for t 31 D8eember ?O?S I?4. NIL) ULTIMATE CONTROLUNG PARTY Thwtj is nD uttimale uJntrdlrvJ party. Page 19