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 Nt￿mber 20251 J Sevitt, Treasurer W TaWor, Secretsry W Hecht IresvJned 1 Junè 20251 In addition to the Board of Trusteès. IM mèmters of ￿ Ex￿b¥e are 85 f0lb)%￿￿.. E Carroll. Head of Reltqious Aff8irs C Gilland&r$, Membership Convtrnor T Naddell, Buiklings C￿)rdina10r .8 AnAon Bijrials Coordinalor J Judah, Security Coordinator F Byrd. Communications c￿ldInal0r N ByTne l Boemtr, S8feguarthrvJ Chortty rnglster•d numb•r SC052553 Prlnclpal offk• 147 Ayr Road, Glasgow. G77 6RE Ind•p•ndent Ex•mln•r E￿n D￿1 CA FCIE. Arm¥trcry Watson LLP, Ca￿don18 House, 89 Sward Slreèt, Glasgow, G41 1HJ Bank•Y• Bank of ScotlaThJ, 110 Queen Slre•t, Glasgow. G138Y Page 1 GL￿8G0w REFORM SYNAGOGUE SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their Teport the financial statements of the charty for the year ended 31 Decemb&r 2025. The Trustees have adopted thè provisions of Accountiry and Rewrting by Charities". Statement ol Recommended Practsce ISORPI aPpI￿able to charIt￿S preparing their accounts under the Financial Reporb'ng Standard applicable In the Unrted ￿'ng(hYTh ReputAK of Ireland IFRS 1021 l¢ff¢div& l January 20191. OBJECTP4ES ANO ACTMTIES Oblèctlvas and alms Glasgow Rolorm Synagogue IGRSI t5 the home ol Reform JLKlaism in Scotland - inspiring individuals and cornrnunil￿$ wth Relom Jewsh value5 arKI tradrt￿ns. Our purpose 15 to maintain th*$& goals for the benefit ol our rnernb8rs and the communty. Thè objectives of the Charty are lo provide and prornote Reform Judaism. both from a ￿ligiouS arKI Gultural point of view, in Glasww and throughout Scotland and lo promote any charitable purpose calculated to further Refom Judaism. There are ￿arnS to merge the movement wrth thè allied Liberal movement to g) loThvard undw Ihe banner of Prc4Jfe6wve j￿￿81$M. ACHIEVEMENT AND PERFORPAANCE Charltablé actlvltSes Wts have ¢ontinued to plan and deliver ser¥i¢&s. edl￿t￿n. training and dtrvtrlopment. Our Rabbi continues on a part lim• basis and is a pJsitNe and untyng focus. There are V*Eekty 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 $8dly mlssed by th& commuThty haNiry lost his seat in recenl s￿ttISh Parlament elect￿n. Our 8urn$' 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 rnr￿ah aThJ hav¢ been $LPP)rt¥d by tho congregation and the ¢ateritvJ I￿rn. There hos been a modest grovrth in members, aTrJ a conversKJn yogr8mm& ¢ontinues to be offered. Our building 16 tsld r•quir•6 0 61gnif￿￿t wmtyJnt of oryoir4 rgpl¥c•m•nt and r•p#ir. Th• boilers wgre rer)f8r.Afl ¥n¢J the heating s￿tern upgraded. E$$*nb"al electrul underw, ar￿ Upgrad￿ to the alami system, roof repairs. a￿1 streamin9 equipment are in PfO9ress. Our De$ignated Safeguarding Le&1 produ¢ed GRS policies and guideli￿5 staff, Trustee5 and volunteers in linp. with n.qr.R At)rl Ahnvp.mpnl lor Reft)m Jlklaisrn requirements. Truslees have ¢arned out the appropri819 Ir8ining. Communication is rnade via ￿￿klY nthsktters. edLKation ses$p)ns and meth'ngs wth Mem￿r5 and pastoral support. A survey of mernbers highlighted areas to improve ènd are t￿n9 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 $urhoent to c￿r me operat￿n￿l neeus of the synagogue for a minirnum period of six months. Page 2 GLASGOW REFORM SYNAGOGUE SCIO TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Reserv•s pollcy and go5ng concem (continued) Thanks to the efforts ol our past Chair. one of our rsgular thrKJrs made an irKrease contribution, vthich was of Significant benefit, At 31 December 2025, Ihe unrestricte(I reserves stood at £188.936 12024". £199.0631. The Trustees expect the reserves to de¢rease In 2tr2ti owng io me arnouni oi expenoiiure. Dut naving reviewea the likely outcome lor the next 12 months tsking account ol histor￿ Irends perfomance and since the 8alance Sheet datè. they consider that the Synagogue wll be in a kw)sition to meet rts financk81 liabilrt*$ 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 a￿1 continuty of SUFPOrt by way of donal*Jns, 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 Nov*mber 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 man￿1n9 and tr)nlrolling t￿ Charty are the Trustees who are members of the Executive Committee. The Trustees do r￿1 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.. I￿ne1. 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)Ient￿8$ irnpact on me Lharrty. The s￿agOgUe nas coniinue¢ io ernploy ali iri￿V￿11llI>l1L LxJukkveper. Our adminislrabve processes have beeft str¥amlined and improved and expenditure is r￿*84$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 r*e