REGISTERED CHARITY NUMBER: SC043786 REPORT OF THE TRUSTEES AND UPIAU DITED FINANCiAL STATEMENTS FOR THE AR ENDED 28 FEBRUARY 2025 FOR ISA FOUNDATION William Duncan (UK) Limited Chartered Aceountanis 4d Auchingramont Road E.lamilton ML3 6JT
ISA FOUNDATION COhlEP4TS OF THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 211 FEBRUAR Y 2025 Page Report of the Tru$te¢$ I to 2 Independent EAamlner's Report Statement of Flnanrl81 Actii'ltles ststemtnt of Financi81 Po$ltlon NDte$ to the Flnanelal Siatsm¢nt$ Det8Ued St4¢¢ment of FID#ne1 Aetli'itle8 10
ISA FOIINDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 The tnLstses present their reForf with th¢ financia] siat¢m¢nt$ of the charity for the vear ended 28 Februarv 202). Th¢ trnslees hai'e adopted the pJ'oi.-isions of .4¢counting gnd R¢porting bi, Chaiities." Sthtement of Recommendaj Practice applicable to ch8riiies preparing their awounts in ac¢oTd8nc¢ '1th th¢ Fin8Deial Rqx>rtfftg Sthndard applicable in the UK 8nd Republic of Ireland IfRS 1021 {¢ffeetii'e l Januan" 20191. OBJECTIVES AND ACTIVITIES Objectii'es alms 'I'he prei'ention or reliel. ot. poTrerts,. - The advancement of educaiion. The adiy8ncemen( of heAlIh. The prvillotion of rL"ligiuu8 or TaGial hatmvny. rhr Irlirfvf ih(?N¥ iii nrrd iry leas011 of a8¢, ill-health, disability. fjnanrial har&liip oi any othcr di$advants8e. FINANCIAL REVIEW Resen'e8 policy Any Su18 will be utilised to further th¢ aims and obj¢¢tives of th¢ ehsrity. STRUCTURE, GOVERNANCE A]W MANAGEMENT Gni'erning dtheutnent 18A fi)iindAtiftn is s %in8le tier Scotlith ChaTitable Inco]fK)rated organili()n {SCIO) and the chanty is controll¢d by it$ conslitutiorL. Recrultment alld appolntment of naTr' trulteti An). pffson, nominated indii'idual or body ivholM"hi¢h ii'ishes to becom¢ a Charit}". TTUblee must sign a WTittell appli¢alioll for Ch8titv 'fru%ieeship', and for a CDrporate bodj.. that application b¢ 8ign¢d b!J an appropnaiel authori%¢d 1¢¢r of that bixly. The appliLation w'ill then be considered b). the 13oard 81 il% neKI Botrd meeting. 'fhe 14oaid tttai", at ils aFellO, i'efuse tu admit an!, perNon, noniinated indii'idual or ¢otpora¢¢ b(Kl)', or veto the proposed authorised offiber acting as a repr¢s¢ntatii'e of a Lorp(Irate Ix)d!, lo Charit!. Trnsieeship. REFERENCE AND ADiIIINtSTRATIVE DETAI[ Re%iylcred Chy4riti' numb¢r SC043786 PrlDLlpal adJres$ sia Al¢xan(Jer Stred Airdrie ML6 OBD Tru$tetS Independent Examiner L)una (UK) Limited Charternl Accountants 4d Auchingr8mont Road l.larnilton ML3 6JT Page I
IqA FOUNDA TION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 211 FEBRUARY 2O2S Approi'ed kn, i)rder of the knanl ot. trusleeg on 14 January 2026 and signed on its behalf by.. PaB¢ 2
Ir4lDEPENDETrIT EXAMINER'S REPORT TO THE TRUSTEES OF ISA FOLNDATION I Itport OTJ th¢ ac¢4)unts for th¢ yc&r ended 28 F¢bruary 2025 3Ct out ol) pa¥rs fvut lu nine. RÈ%ptrtlJ'e regponsibllities of tru$t¢e8 exiiminer The Lharity's trustees are regponsible for thL prepaTrtion of the ac¢ount8 in a¢¢ordanc¢ with the LenrLS of the Chatitits Énd Trnstee Ini'eslment (%c()tlandl Act 2(M)5 and Ihe Charities Accounts {SLoi18ndi R¢8ulations 2006 {ai ajnendcd). The chaTiI) S trustees eon%ider that the audit requirement of ReBulation l O{1 )lÉ) 10 l¥) of ihe Aecounls R¢gulations do¢$ not 8ppls'. li is mv resTN)nsibilitv to eNamine thc a¢¢Diinis i'equjred iinder.SeLtior 44(1 l(cl of the Act and to state ii,h¢th P8ni¢ularmatters have come to my attention. Basi$ of the Independent examiner's report Ms. examination M"&s carried out in ac&)rdnce w'ith Regulation I l of the Chatiiie.% A¢counis (stInd1 ReBu14tions 2(K)6. An &m]nattOll Inlde% a r¢i'ieM." of the 2wountsn8 records kept b5. Ihe ¢h&it!" and a comparison of the aec(>unt8 presented ii'ith those re¥()rds. It al80 inLludei Lonsideration of an! Utsual il¢mi or dI10ure1 in the acctsullts. and eking eKplanalions from i.ou a% truslÈs Lollccming anv such matters. The procedures undertaken do noi proNide all the ¢vidence that Mould bc required in an audit, and cons¢quenil5'. 1 not eipresb an audit opinion on thc i.le giN'en bi, the aCunts. Indepcn(kni examiner's st&temeni Ill ¥Ollli¥Liion Mith m} examitt#tion. no maiter has eome lo mv 8lteniion (l) Trvhich 8IN'¢5 tnL i¢aJunabl¢ LJus¢ i() believe th21, in any material respect, the requirements to kecp a¢¢ountin8 records in a[danle with SLiion 44{1)(a) of the 2(M15 A¢1 and Regjlhtion 4 of the 20( Aecouthts Rcsulations,. and to wL'pDr¢ accounts iTrhich accord M'ith thc a¢¢ouDting records 10 compl5. M'ith Regulaiion 8 of the 2(KKS Accounts Re8ulatiLbns hgve not ken met; or (2) to M,hich. in m}. opinii)n. &ttenii(In ¢hould dTau]J in order to enable a prop¢r und¢rstandin8 of thc &¢counis to b¢ r¢ached. Willi#in Duncan {Uk) Limited chlirtci" Ac¥uuntsnib 4d Auchingramont Road FIomilion ML3 6JT 14 Jwuary ?026
ISA FOUP4DA TION STATE.MENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 2¥ FEBRUARY 2025 28 2.25 Unrestricted fund 29.2.24 Total funds Notes INCOME AND ENDOWMELYfs FROM DunaLion& and legacieb EXPENDrruRE ON Raising funds 44 550 103,403 NET IP4COME 7.760 RECONCILIATION OF FUNDS Total funds brought fonvard 71,034 63,274 TOTAL FUNDS CARRIED FORWARD I'he notes fom part of these fmancial stOte]nenl$ Page 4
ISA FOUNDATION STATEMENf OF FINANCL4L posrrioN 211 FEBRLARY 2024 28.2.25 Unrcstri¢tcd fund 29.2.24 Total funds Notes CURREThT ASSETS Cosh ai bank and in hond 71.034 71,034 NET CURREI¥T ASSETS 71.034 TOTAL ASSETS LLSS CURRENT LIABILITIES 71.034 71,034 tYET ASSETS FUNDS Unr¢striLtd funds 71.034 TOTAL FuTS 71.034 The finan¢i¥l stalernents H'ere approved bi, th¢ Board of Trustees authorised for isiue on 14 January. 2026 and were signed on Its behalf b!". The note% forn) part of these financial stallentS Page S
ISA FOUNDATION NOTES TO THE FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 STATUTORY INFORMATION ISA foundgtion is a Scottish Charitsble InLoTrKirated Organisatioa (SCIO), re8iStered chariti. niunber SC043786. The chanty s registered number and re8lStered office address can be found in the report of the trustees. Th¢ presentalion currenth, of the financkal Statements is the Pound Sierling {£). ACCOUNTING POLICIES B1$ of pparIng the flnanelal 8t8trD)ents I'he tinanLial statements of th¢ ¢hariti, which is a public nefit entit)" under FRS 102. hav¢ been prepared in acclirdance M'ith the Chwities SORP {bRS 102) 'A¢counting a1 Reporting bi, Ch1t1¢8.. %tatemeni of Recornmend Praitice applicable to ch8riti¢8 preparing their aLcoull(b- in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of I18nd {FRS 1021 (elYeLtii'e l J8nuuN 20191,. Financial Repoiting Siandard 102 'The Financial Reporting Standard applicable in the UK and Rq)ubli¢ of Ireland, and the Charilies and Trustee Investmenl Iseodandl Act 21K15. The finsncial atementS hav¢ been pr¢pared under the hisiorical cost ¢onN'ention. Inme All inuome is recognised in the Statement of FinaneiAI Acliviues once the charity has ¢ntitlement to the funds. it is probable thai the income Thill b¢ reL¢ik'¢d the amount can be meaSled reliably. EipeDdlture Liabiliti¢s are rew8nised as expenditure as soon as there is a legal or LonstNLiive ubligation committing the charli} to that expenditure, it is probable that a trarA$fer of econoEniL benefits m.ill be required in $tlement aDd the amount ol. the obligation can be meastu.ed reliabl!.. E¥penditure is accounted for ati An 8ccruals basis and has been ¢lasified under headings that a88re8ale all cobt relaied to th¢ categi>ry'. Where costs cannot be dircctl!, attributed to particular headings thel. haN'e been allooat¢d to actIli]eS on a babis conbisient 1th the use of resourLe5. TInble fixed assets DepreGiaiion is provided ai th¢ following aijnual rates in order to write off eaeh asset ov¢r its estimated useful lffe. FEtehold propert), 20/0 on cost Txation The charits.. is exempt from lax on its ¢haritable aeiivilies. Fund MCCOUDtjDg Umr$tri¢ted lunds ban ik used in ac¢ord8nce with th¢ ¢horitable objeciives at the discretion of the lrnsiees. Restricted funds can only be used for partÈcular restricted purrK)ses M'ithin th¢ obj¢cLq of the charity. Restrictions arise i¥hen specified bj th¢ donor or ivh¢n fundb are rais1 for pkrticular r¢stTiCted PUTposes. Furthtyr explanation of the natur¢ and puOSe of each fund is included in the notes to th¢ finAncial st&tement FinaD¢iI Intrument$ Basi¢ financial inslrntn¢nts are recognised as follows.. li) Debtor5 Sho11 tem debt0 are tneawred ai transaction price, less anv impaiThnent. Lo8ns receii'able are measured initiall) at fair i'aliie. net of transaution Ltssts, and ¢ Measur subsequent]y at amonised $t using th¢ effective intarst meth<xl Ics$ any imp&irnient. {ii) Cash and c¥45h c41valents P8g¢ 6 Continued...
ISA FOUNDATION NOTES TO THE FINANCIAL STATEMENfs - eontlthued FOR THE YEAR ENDED 28 FEBRUARY 2025 ACCOu1NG POLICIES- Contlnued FtbaDeial IDstTuments Cash and cash equiiTfjlents jrKlude cosh at bank and in hd. Cash and ¢ath equivalents are shown net of bank oTrerdr&fts. which are included as cunent bottowiT2gs in liabiliti¢s on the sTaMent of fin&n¢ial position. (lil) Credltors bhort temi tiade cieditors ttre measured at the transaction price. other financ2al liabilili¢s, including bank loans, are measured initiall)" ai fair value. nei of transaction Costs, and are eaSUred 8ubsequetttl)" at amortised cost using the effective inierest meih(xl. TRUSTEES, REMUNERATIOI¥ AND BENEFITS Th¢r¢ were no trustees, remuneration or other benefits for the year ended 28 Febniary 202) nor for the year end¢d 29 Feb 2024. Tru$tee$' expen$e# There N'ere no irnsteeg. expenses ptiid for the Je8r ended 28FebrnAry2025 nor for the yeor ended 29 Febnjati. 2024. P8ge 8 continued...
ISA FOUNDATIOIY NOTES TO THE FtNANCIAL STATEMENTS - coDtIDued FOR THE YEAR ENDED 28 FEBRUAR Y 2U28 DEBTORS: AMOUNTS FALLING DUE WITHIT4 ONE YEAR 28.2.25 29.2 24 Oihffl. debtors MOVEMENf FUNDS Net moi'ement in fund5 At 28.2.2) Ai 1.3.24 UnTe$trlrted funds General fund 71,034 71,034 TOTAL FUNDS 71.0.34 Net movem¢nt in funds. included in the aknv¢ are as follows.. InLoTring resourc¢s Restsurces expended Movement In funds Uttrestrlcted fuDd$ Gen¥Yal fund 44,550 (44.550) TOTAL FUNDS 44 550) CompirAtlI'¢$ for movement in funds Net moi'ement in funds At At 1.3.23 Ullre8trl¢ted fuhd$ CTeneral fund 63.274 7,760 71.034 TOTAL Fuf4DS Comp8rotive net moi'em¢nt in funds, included in the abtse are as folloivs., Incoming resuurces Resoure¢s expended Movcmtynt in funds Ullrestrl¢ted General fund 111,163 (103,4031 7,760 TOTAL FUNDS {10.3 403) Page 8 ¢ontinued...
ISA FOUIYDATION NOTES TO THE FIN4Th"CIAL STATEMENTS- FOR THE YEAR Ef4DED 28 FEBRUARY 2025 MOVEMENT IN FWNDS- ttsntinued A ¢uttent J'¢rtr 12 months and prior ?¢ar 12 months ¢4)mbined position is 8$ follows.. Net movemcnt in funds At 28.2.25 At 1.3.23 UnTestrfcted fun G¢n¢rg1 fund 7,760 TOTAL FUNDS A cun'ent s'ear 12 ]nonths and prior)ear 12 months wmbllied net moTrernent in fut5, Includ in tbe 8b0e are as fDIIows'. Resources exFtnded MoveTnent In lund$ resources Unreslrlcted fmtsds Gclla'al fund lii.713 (147.953) 7,760 TOTAL FuD5 155 713 7,760 RELATED PARTY DISCLOSURES r¢ also direciors tn Saveco ProrKni¢s LitniLed. During ihe vear ISA foundaion yeled don8tions from SaveLo PD)P¢rti¢s Limil¢d atnuLuilin¥ ts) £44.550 (2024 £107,563) Th¢ b)k &VUl]I li) 2024 )car willi Ihc balanw iFai)5f¢rred io Sai'eco PropcrtLCS Limit¢d until ncw banking facililie¥ br arrai)8ed. Page 9
ISA FOUNDATION DETAILED STATEMENT OF FIIYANCIAL ACTivrfIES FOR THE YEAR ENDED 29 FEBRUAR Y 2024 29.2.24 INCOME AND ENDOWMENTS Donatlon$ And legacles Don&iion 111163 Tot*1 incoming rn50urce9 44,5iO 111.163 EXPENDITURE RAi51n% donations and legaeles InEuranc¢ R¢pair8 8nd renewal8 Profit on SAle of tangible fixed assets 44,550 35.809 71.754 103,403 Total resources expended Trlet In¢om¢ This pa8e doeq not forrn part of the statutory financial statements Pa8e 10