Registered Dumber.. 08309402 Charity numbgr.. 1153778 EUROELSO ASSOCIATES (A company limited by guarantee} UNAUUTED TRUSTEES, REPORT AND HNANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
EUROELSO ASSOCIATES IA Company limited by guarants•l CONTENTS Page Rafgronca and administrative datals of tho charity, its trustws and advisars Trusts¢$' roport Indopondant 8xamin8r's rnport Statsment of financial activities Balanc• sh¢•t Notes to the financial statements 9-16
EUROELSO ASSOCIATES IA Company limited by guarants•l REFERENCE AND ADMIMSTRATIVE DETPJLS OF THE CHARITY, ITS TRUSTEES AND ADlnSERS FOR THE YEAR ENDED 30 NOVEMBER 2025 Tw$tg9$ J H Smith (resigned 2 December 20241 A Combes Iresigned 2 December 20241 S J Finney T Muller (reSned 2 December 20241 N A Barrett R Lorusso M Belliato A U Hoskole Company regSst•r•d numb•r 08309402 Charity r8gistsr•d number 1153778 R•gl8tsred offlce clo Amislrong Wal$on First Floor One Stravknerry Lane Newcasde upon Tyne NE14BX Accountants Armstrong Watson LLP First Hoor One Stravhjerry Lane Newcasde upon Tyne NE14BX Bankorn Bardays Bank Flc Percy Slreel Newcasde upon Tyne NE14BX Solicitors Hay & Klner LLP The Lumen Sl James. B¢xlevard Newcaslle Helix Newcasde upon Tyne NE4 5BZ Page 1
EUROELSO ASSOCIATES IA Company limited by guarants•l TRUSTEES. REPORT FOR THE Y&4R ENDED 30 NOVEMBER 2025 The trustees present their annu4 port IJether %Mth the financia statements of the EuroELSO Associates for the 1 December 2024 to 30 November 2025. The report serves the purposes of both a trustees, report and a directors. report under company law. The trustees confirm that the report and financial statements of the charitst4e company comF4y wrth the current stalulory requirements. the requiremen15 of the charrtable company's goveming document and the PTOV15ions of the StsndaTd of Recommended Practice ISORPI applicaiAe lo charib'es preparin9 their accounts in a¢¢ordan¢e wth the Financia Reporb'ng Standard appli¢atAe in the IUK and Reput4ic of Irdand IFRS1021 leffecb've 1 January 20191. Structur•. gov•rnan¢• and manag•m•nt Goveming documont EuroELSO Asso¢i*es was incorporate(l on 27 November 2012 and is a company limf(ed by guarantee governed by its articles of association. 11 is a charity registereil wth Ihe Charity Commi$sion. EuroELSO aso has bslaw5 which regulate matters such as membership, steering committee membership and respon5ibililies, finance, the Conduct of business meetings and aclivrties and the nghts and responsiblilies of EuroELSO under the ELSO charter. Appointm8nt of trust88S The charity may by ordinary re5dulion appoint a person Ytho is wining lo act lo be a trustee. Thè trustee5 may also apptsinl a person who is wlling lo act lo be a trustee. bul that trustee must retire at the next annua genera meeting. The number of Iruslees shall not be less than three. but shall not be subject to any maximum. c. Inductlon and tralnlng of trustees The induction and training of Iruslees is deat y1h according lo indiwdual nee d. OrganSsatlon The trustees who have served during the year and Since the year end are Set out on page 1. The charity is managed by the Iruslees who either meet or hdd lele¢onference& Any trustee may ¢all a meeting ol the trustees. The charity is managed on a day lo day ba$1$ ¢)n behaf of the Iru$tee$ by Dr A U Ho$kote. Risk managemont The Iruslees have examined the major stralegic. btjsiness and operational risks which the charity faces and onfirm that the ri$k$ have been a$$e$sed and wntrds eststrlished to mitigate those ri$k$. f. ELSO ELSO is an umbrella organisation based in the USA which authorises the fomiation of affiliate chapters that represent ELSO centres wthin a geographical kjcation by a majority vote of the steering committee. EuroELSO is the European chapter of the Extracorporeal Life Support Organizats'on. . EuroELSO Associates Enterprise Limited EuroELSO Associates Enterprise Limited was incorporated on l December 2014 as the vtholly 0¥ed trading subsidiary of the charity and carries out trading acliwtses for Ihe charty. The subsidiary gift aids profits to the charity, subject to the retention of reserves for its rkIng caprtal requirement& Achievements and perf¢m)ance Page 2
EUROELSO ASSOCIATES
IA Company limited by guarants•l
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 NOVEMBER 2025
Achl8vom•nts and pgrfomian¢o l¢ontinu8d)
& Objectives and activities
The objects of the chaTrty are to advance and promote the rdief of crib.cal illness 8¢ross Europe through..
111 the development and evaluation of novel therapies for SUPFW)rt of faling organ systems.,
121 maintaining a registry of such novel therapies..
131 using the registry data to support dinical research;
141 providing educationa programs for medica professionas and lay communities on such novd therapieg
inclulling organising a scientific symposium each caendar year.
The trustees confimi that they have been given the genera guthnce produced by the Charity Commission on
public benefit induding the guidance 'put4ic benefit njnning a charty IP821'. The trustees are confident that
putlic benefit is achieved through the objects of Ihe charity-
During the year the charrtls main achievements were as folk)ws'.
13th EuroELSO Congress in Milan1202S)
The 13th onnual congres5 was held in Mlan behveen 2>26 Aprl 2025. 11 continue5 to be seen as the leading
scientific and education opportunity in ECMO through enary iaks. lectures. pre
EUROELSO ASSOCIATES IA Company limited by guarants•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2025 Achl8vom•nts and pgrfornian¢o l¢ontinu8d) d. Research grants The Research grant programme was run in 2024 and 4 grants lotalling 70,000 EUR were awarded in 2025 and ftjlly executed. Furthermore. the ¢harty organised a 2025 round of research grants lo support key research in patients supported on ECMO. The list of research grants awarded by the Charity to research groups across Europe over the years are as follows.. Ajberto Zanelli- University ol Mlan The pho105ensitsvity of drugs may lead lo a reducb.on in their therapeutic effi¢a¢y during treatments wlh exiracorporea circuits Katharing Schmitt- University of B8rfin Neurodevelopmenta care for chldren after pediatric mechanica circdatory support- PTOt4em scope, slate of care, and parenta emotiona distress Jurgen Grad•nodor- Unlv•r81ty of Vl•nna PERCEPTION- SuPER-Earfy NeuroprognOstit1on in ECPR Patients.. Feasiblity of Automated Pupillomelry and Cerebral Near-lnlrared Spectroscopy- A Prospective feasiblity Study Plerro 8ourgoln- Unlverslty of Nant•s Monitoring of direct thrombin Inhibitors during Pediatric ECMO." prospective observationa mlliieenlre study Educational grant to thg EuroELSO ECPR Working Group The working group payment of 10,000 EUR was paid to Universty of Prague {for meeting in October 20251 for the or9anisalion of the European Prague ECPR School - a very successful educationa meeting that has grown in strength over the year& Around 300 delegates pa'¢1paIed in ECPR School last year - the theme being 'Refraclory cardiac arrest and ECPR- evidence enough?, Flnanclal r•vl•w ResL During the year. the charity had net expenditure of £1.08012024 net income.. £62,623) as Shown in the statement of financia activitie5 on page 8. The tota funds as al 30 November 2025 amounted lo £611,964 12024.. £613.0441. Ik R8s8rvè8 pdlcy 11 is the pclicy of the charity lo maintain unreslricled income frJnds at an appropriate level lo ensure that ¢haritsL4e and governance expenditure can be mel out of undislribule(I Income. Golng concarn After making appropriate enquiries, the trustees have a reasonatle expectation that the charity has adequate resources lo continue in operationa existence for the foreseealAe future. For this rea50n, they continue to adopt the going concern basis in preparing the financia stslement& Further delals regarding the adoption of the going concern basis can be found in the accounting pc4icie> Page 4
EUROELSO ASSOCIATES IA Company limited by guarants•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2025 ans for futur• p8rlods Scientific Meeb'ngs - The meetings and wdeo conferences during the year have focused on the planning of further meetings In Dutlin 120261 and Vienna 120271 and Marseille 120281. Submission of patient data to the Registry has slopped In many centre5 due to concems at&)ut GDPR regLAalions. The charity contsnues lo support an evaualion of this lo enatAe more centres lo submil data to ELSO as this is a key research and benchmarking function provided by ELSO. The Trustees and the EuroELSO Steering Commitiee considered a new proposal to introduce an evaluation pro¢e5s for Chanty funding application5. wlh the aim of ensuring that funds are di51ribuled lairfy and equitsbly lo activities that aign wth the Charity's aims and obiecb"ve& The proposal is currenljy being developed and will be reviewed and approved by the Steering Committee befo aP1¢abons are invrted. Intorpan The charity has decided lo prdong ils contract Intean Ibased in Hamburg) to perform ils secretarial lunclions until 2029. We have an excellent relalionship them and their links lo sponsors have ensured the annual congress is successful. The Trustees and directors wll review the need to relender in the future. Flnancial rfsk manag•mont The Iruslees have assessed the major nsks lo which the charity is exposed, in particdar those related lo the operations and finances of the charity. and are satisfied that systems and procedures are in Flace lo miligale exposure to the major risks. Statsmènt of tru#ts•s' rn#ponslblstlos The trustees (who are also the d1Clor$ of the charity lor the purposes of company lawl are responsitrAe for preparing the Tru$lees' report and the financial statements in a¢¢ordan¢e wlh apFlicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Iruslees lo prepare financial Stalements for each financial . Under Company law, the trustees musl not approve the financial slalemenl$ unless they a satisfied that they give a true and fair view of the state of affairs of the charity and of lis incoming resources and apFlication of resource5, induding its income nd expenditure, for that period. In preparing these financia statements, the trustees are required to.. select suitatle acUnting policies and then apF4y them consistenty,. observe the methods ank1 prin¢iFles of the Charities SORP IFRS 1021". make judgments and accounbng ests'males that are reasonatle and prudent.. state whether apF4icat4e UK Accounting Slandards IFRS 1021 have been followed, subject lo any materia departures disdosed and exained in the financia slalemenls". prepare the financial statements on the going concem basis urde$$ it is inappropriate to presume that the charty will continue in busines& The trustees are responsitle for keeping adequate accounling records that are sufficient to show and exF4ain the charity's transactions and disdose wth reasonatle accuracy at any time the financial posits'on of the charity and enable them to ensure that the financial stalements comFly Trmth the Companies Act 200& They are aso respon5iile for Safeguarding the a5set5 of the charity and hence for tsking reasonalAe steps for the prevents.on and delecbon of fraud and other irregulanb"es. Approved by order of the members of the boaTd of trustees and signe(l on their behalf by." A U Ho$kotg Trustee Date.. ak4akoskote mahoskote IAug 18. 2026 11."15."10 GMT*11 Page S
EUROELSO ASSOCIATES IA Company limited by guarants•l INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2025 Ind•p•nd•nt •xamlnoes roport to th• trust0 of EuroELSO As$o¢latos I report to the charity ITLlStees on my examinats.on of the accounts of the charty for the year ended 30 November 2025. Responsibilities and basis of report As the trustee$ of the ¢harty land its dire¢tors for the purpose$ of Company lawl you are responsiLle for the preparation of the accounts in accordance wth the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of the chanty a not required lo be audrted under Part 16 of the 200S Act and are eligible for independent examinabon. I report in respect of my examination of the charity's accounts Carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carryng out my examination I have followed the Directs'ons given by the Charty Commission under seth'on 14515llbl of the 2011 Act. Indep•nd•nt oxamlnor's ststem•nt I have comF4eled my examination. I confim that no matters have come lo my attention in connection wlh the examination giving me cause lo believe". accounting records were not kept in respect of the chanty as required by section 386 of the 2006 Act,. or the accounts do not accord those records.. or the accounts do not comF4y wth the accounting requ1mentS of seth'on 396 of the 2006 Act other than any requirement that the accounts give a Irue and fairf view %thi¢h is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practice for ac¢ounling and rep)rting by charib.es lappli¢atle lo ¢harilies prepanng their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connecb.on wlh the examination lo which attention should be drawn in this rep¢)rt in order lo enat4e a proper understsnding of the accounts lo be reached. This report 1$ made solely lo the charivs Iruslees. as a body, in accordance Part 4 of the Charities (Accounts and Reports) Regulations 2008. My M)rk has been undertaken so that I might stale to the charity's trustees those matters l am require(I to stsle lo them in an Independent examiner's port and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the chanty and the charity's trustees as a body, for my Irk or for this report. Signed E Cha Edith cAFRwpe Date(1". 24 August 2026 Aug 24, 2026 16.'30'.50 GMT+11 Arnistrong Watson LLP First Floor One Stravkjerry Lane Newcastle upon Tyne NE14BX Page 6
EUROELSO ASSOCIATES IA Company limited by guarants•l STATEMENT OF FINANCIAL ACTIVITIES ONCORPORATING INCOME AND EXPENfATURE ACCOUNTI FOR THE YEAR ENDED 30 NOVEMBER 2025 Unrnstrf¢led funds 2025 Totsl funds 2025 Total funds 2024 Income from: Donations and grants Investments Other income 4S,764 76,368 16,764 45.764 76,368 16,764 43,026 96,200 Totsl incomo 138,896 138,896 139,226 Exp8nditure on: Charitatle actiV.eS Other expenditure 139,976 139,976 63,298 13,305 Totsl oxpondltur• 139,976 139,976 76,603 Not lexpendlturo>fincomo 11,0801 11,0801 62,623 Not mov•m•nt In lunds 11,0801 11,0801 62.623 Roconclllatlon of funds: Totsl funds brought forward Net movement in fvnds 613,044 11,0801 613,044 11,0801 550,421 62,623 Totsl funds carrled forward 611,964 611,964 613,044 The slalemenl of financial acb'vilies indudes all gains and I¢Se5 recognised in the year. All InMe and expenditure derives from continuing activibe& The notes on pages 9 10 16 form part of these financial statements. Page 7
EUROELSO ASSOCIATES IA Company limited by guarnnteel REGISTERED NUMBER: 08309402 BALANCE SHEET AS AT 30 NOVEMBER 2025 2025 2024 Mote Flxed assets Investments Current assets 10 Debtors Cash al bank and in hand 11 162,991 579,$32 215,394 473,685 742.523 689,079 Current Ilablltl•s Credilor$.' amounts falling due vmthin one year 12 1130.$601 (76,036) Not current a•••ts 611,963 613.043 Totsl ass8ts1gss curr•nt1Sabilities 611,964 613,044 Not a$$ot• 611,964 613,044 Totsl nat assots 611,964 613,044 Charlty funds Unrestricted funds 13 611.964 613,044 Tota fund$ 611,964 613.044 The charitatle company Wds entiljed to exemptKsn from audit under section 477 of the Companies Act 2008. The members have not required the company to obtain an audit for the year in question in accordance wlh section 476 of Companies Act 2006. The trustees acknovAedge their responsiblities for COmn9 vth the requirements of the Act wlh respect lo accounting records and preparation of financial statement The financial statemen15 have been prepared in accordance the provisions apFlicable lo enlilies subject lo the small companies regime. The financia stslements %%tre approved and authorised for issue by the trustees on 1810812026 and signed on their behaf by.. ap rn8hoskole iAug 18, 2026 11."15."10 GMT+11 Dr A U Hoskote Treasurer The notes on pages 9 10 16 fom part of these finan¢ia st*emenls. Page 8
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 General inforniation The charity is a private company limited by guarantee. registered in Ens4and and Wale$ and a registered charty in England and Wales. It has no share capital and the liablty Df each member in the event of nding up is limited to £1. The address of the registered office is cjo Armstrong Watson, First Floor, One Strawberry Lane, NeKaslle upon Tyne. NE14B Accounting pdicies 11 8asl$ of pr•paratlon of flnanclal stat¢m•nts The financial statements have been prepared in a¢¢ordan¢e wth the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice apF4icat4e to charities preparing their accounts in accordance wth the Financial Reporting Standard applicatle in the UK and Reputlic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financia Reporting Standard apKAicatrAe In the UK and RepuiAic of Ireland IFRS 1021 and the Companies Act 2006. EuroELSO Ass¢xiales meets the deffinrtion of a putlic benefit entity undef FRS 102. Assets and liablilies are initially recognised al historical cost or transaction value uAes5 otherwise slated in the rdevanl accounting policy. L2 Golng concem There is a reasonable expectalion that the charity has adequate resources to conb'nue in operational existence for at least the next tsvelve months and on this ba51s the charity is considered lo be a going concer 13 In¢omlng r8sources All income is induded in the statement of financia activities %then the charity is enlided lo the ineome and the amount can be quanlrfied with reasonat4e ae¢ura¢y. The following specific pdi¢ies are apF4ied lo particdar categories of income= Vc4untary income is received by way of grants and donations and is induded in full in the statement ol financial activits'es vthen receivatl& Such income is orly deferred ¥then the donor specifies that the 9rant or donation must orly be used in future accounting periods, or the donor has imposed Conditsons 1¢h must be mel before the charrty has UncOnd0nal enliljemenl. Investment income. such as interest. is recognised when Ce1VatI& Gift aid donations from the subsidiary undertaking are recognised ¥then actually receive Page 9
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 Accounng pdl¢l•s {¢ontlnu•d} 14 Expenditure Expenditure is recognise<l once there is a lega or construclive otAigalion to transfer economic benefit to a third paty, it is probatle that a transfer ol economic benefits wll be required in setllement and the amount of the otligation can be measured reliatly. Expenditure is dassified by activity. The ¢ost5 of each activity are made up of the tota of direct coslg and shared costs, including support Costs Invdved in undertaking each activity. Direct costs attributat4e to a sinule activity are albxated direcdy to that activity. Shared costs thich contribute to more than one acb'vity and support costs thich are not attributatle to a single activity are apportioned befven those acts"vities on a basis consistent wth the use of resources. Expenditure on charitate aclivib'es is incurred on direcdy undertaking the aclivf(ies vthich further the charity's objectives, as well as any associaled support costs. Govemance costs represent costs incurred in connection wth the administratrion of the charity and comFliance Mth constilutiona and statutory requirement& All expenditure is indusive of irrecoveratle VAT. IS Con80lidalon The charity is not required lo prepare consdidaled accounts in accordance wlh the Charities Act 2011, and has taken advantage of the option not to prepare consolidated finaneial stalemenly contained in Section 398 of the Companies Act 2006 on the basis that the charity and ts subsidiary undertakings comprise a small grou 16 Foreign curr•ncl•s Monetary assets and Iiablities denominated in foreign currencies are Irandated into $terfin9 al rates of exchange ruling al the reporting dal Transactions in foreign ¢urren¢ies are translated inlo slerling al the rale ruling on the date of the transaction. Exchange gains and losses are recognised in the sL*emenl of financial acliwb'e& 17 Investments The investment in the subsididiary is vaued at cosL L8 Debtors Trade and other debtors are OgnISed at the setilement amounL Prepayments are vaued at the amounl prepai 19 Cash at bank and in hand Cash al bank anij in hand indudes one sterling current aUnt and one Euro Current a¢counL Page 10
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 Accounng pdl¢l•s {¢ontlnu•d} 110 Liablities and provisions Liablthes are recognised vA)en the is an otAigakn"on at the balance sheet date as a res1 of a past event, it is probatle that a transfer of economic beneffit wll be required in setllement, and the amount ol the setdement can be estsmated reliatly. L11 Flnaneial instruments The charity only has financia assets and financial liablib.es of a kind that qualify as basic financia instruments. Basi¢ financial instruments are initialty recognised al transaction value and subsequendy measured at their setllement valu& L12 Fund aceountlng Genera funds are unrestricted ftjnds vthich are avalate for use at the discretion of the Iruslees in furtherance of the general objectives of the charity and vthich have not been designated for other purpose& Income from donatlons and grnnts Unrnstrlct8d funds 2025 Totsl funds 2025 Total funds 2024 Membership fees Spon50ring 35,818 9,946 3S,818 9.946 43,026 45,764 45.764 43,026 Inv8Stm8nt Income Unrestricted funds 202S Total fund$ 202S Total funds 2024 G aid donatson from subsidiary 76,368 76.368 96,200 Page11
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 Other incoming resources Unrgstrictad funds 2025 Totsl funds 2025 Total funds 2024 Foreign exchange gains 16,764 16,764 Tota resources exnded Charftabl• Gov•manc• actlvitie costs Totsl 2025 Tol81 2024 Webinar costs 2,492 7,573 10,446 519 Grant awards Put4icatsons Websrte maintenance 56,983 9.708 56,983 9.708 Meetinq costs Travel Accountancy Legal and professional Secretarial Sundry Bank charges 36,540 8.070 36,S40 8.070 3.050 5,331 18,976 1.313 8,973 9,341 2, 748 3,050 5,331 18,976 20,675 484 1,313 112614 27 362 139976 116 182 Other expenditure UnYestri¢t funds 2025 Totsl fund$ 2025 Total funds 2024 Loss on foreign exchange relran4ation 13,305 Total 2024 13.305 13.305 Indapandant axamin8r's r8mungration The independent examinerfs remunerats.on amounts to an independent examiner fee of £1,550 12024 £1.3891, and 3c¢ountsn¢y fees of £1.50012024- £1.359 Page 12
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 Trustees. remuneration and expenses During the year. no trustees e1Ved any remuneration or other benefits (2024 - £NILJ. During the year ended 30 November 2025. expenses totalling £950 re reimbursed or paid direcdy to 1 Irustee12024- £4,435 to 3 Inisteesj. 10. Flxod as$ot Invo$tmonts Inve$tments In subsldlary ¢ompanio$ Co¥t or vauatlon Al 10e¢ember 2024 AI 30 November 2025 N•t book valuè AI 30 November 2025 AI 30 November 2024 PrInci1 subyidiari•8 The followng vrds a subsKliary undertaking of the charity". Nama Company number Raglstsr•d office Class of shargs Holdlng EuroELSO Associaleg Enterprises Limited 9335480 England Ordinary 100% The financial resdts of the subsidiary for the year tre.. Name Income Expenditure Profit lor the year Net a55ets EuroELSO Assoaates Enterprises mited 883,877 677.857 206,030 218.037 Page 13
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 11. Debtors 202$ 2024 Due within one year Trade debtors Amounts owed by group companies 35.1SO 127,841 43.026 172,368 162.991 2f 5,394 1L Credltors: Amounts falllng duo wrthln on• yoar 2025 2024 Trade creditors ruas 127,476 3.084 73.254 2, 782 130,560 76,036 Page 14
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 13. Statement of funds ststgm•nt of fund$- ¢urrgnt ygar Balance at 30 November 2025 Baance at 1 l)ecember 2024 Incomo Exp•ndltur• Unrestrict•d funds Unrestricted funds 613.044 138.896 {139.9761 611.964 Page 15
EUROELSO ASSOCIATES IA Company limited by guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025 13. Statement of funds Icontinuedl ststgm•nt of fund$- prior yoar 8alance al 30 November 2024 Balance at l Decemljer 2023 Incom8 Expenditur& Unrestrict•d funds Unrestricted funds 550.427 139.226 (76.603? 613.044 Page 16