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$advants8e. FINANCIAL REVIEW Resen'e8 policy Any Su￿1￿8 will be utilised to further th¢ aims and obj¢¢tives of th¢ ehsrity. STRUCTURE, GOVERNANCE A]W MANAGEMENT Gni'erning dtheutnent 18A fi)iindAtiftn is s %in8le tier Scotlith ChaTitable Inco]fK)rated organi￿li()n {SCIO) and the chanty is controll¢d by it$ 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 a￿￿FellO￿, 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$tetS Independent Examiner L)un￿a￿ (UK) Limited Charternl Accountants 4d Auchingr8mont Road l.larnilton ML3 6JT Page I IqA FOUNDA TION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 211 FEBRUARY 2O2S Approi'ed kn, i)rder of the knanl ot. trusleeg on 14 January 2026 and signed on its behalf by.. PaB¢ 2 Ir4lDEPENDETrIT EXAMINER'S REPORT TO THE TRUSTEES OF ISA FOLNDATION I Itport OTJ th¢ ac¢4)unts for th¢ yc&r ended 28 F¢bruary 2025 3Ct out ol) pa¥rs fvut lu nine. RÈ%ptrtlJ'e regponsibllities of tru$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&)rd*nce w'ith Regulation I l of the Chatiiie.% A¢counis (s￿tI￿nd1 ReBu14tions 2(K)6. An ￿&m]nattOll In￿l￿de% 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 dI￿10￿ure1 in the acctsullts. and eking eKplanalions from i.ou a% truslÈ*s 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 aC￿unts. 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 SL*iion 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 FuT￿S 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 stall￿entS 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 B￿1$ of p￿parIng 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 a￿1 Reporting bi, Ch￿1t1¢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 I￿18nd {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. In￿me 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 meaSl￿ed 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 $￿tlement aDd the amount ol. the obligation can be meastu.ed reliabl!.. E¥penditure is accounted for ati An 8ccruals basis and has been ¢la*sified under headings that a88re8ale all cobt relaied to th¢ categi>ry'. Where costs cannot be dircctl!, attributed to particular headings thel. haN'e been allooat¢d to actI￿li]eS on a babis conbisient ￿1th the use of resourLe5. TIn￿ble fixed assets DepreGiaiion is provided ai th¢ following aijnual rates in order to write off eaeh asset ov¢r its estimated useful lffe. FEtehold propert), 20/0 on cost T*xation The charits.. is exempt from lax on its ¢haritable aeiivilies. Fund MCCOUDtjDg Umr$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 pu￿OSe of each fund is included in the notes to th¢ finAncial st&tement FinaD¢i*I In*trument$ 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