Docusign Envelope ID.. E697633A-1 DEE428D-AB3C-EC71BA784A73 CATHERINE MCEWAN FOUNDATION ALL IN FOR CROHN'S & COLITIS ANNUAL REPORT 1°, April 2024-31" March 2025 The Catherine McEwan Foundation is a Scottish Charitable Incorporated Organisation (SCIO), Charity Number SC049063. Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 Registered number: CS003846 Charity number: SC049063 THE CATHERINE MCEWAN FOUNDATION SCIO UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO CONTENTS Page Legal & Admlnlstrativo Infonnatlon Chalrnian's Ststsment Trustees, Report Indopend•nt Examlnefs Report Statement of Financial Activities Balanc• Sheet Notes to the Financial S&￿ements 10-22 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Trustees SCIO registered number CS003846 Charity registered number SC049063 Registered off￿e 1 Spiersbridge Way Thomliebank Glasgow G46 8NG Chief executive officer Accountsnt B Audit & Accountsncy Limited 133 Finnieston Street Glasgow G3 8GJ Bankers Barday3 Glasgow Campus 14 Cl￿e Place Glasgow G5 8DP Page 1 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 CHIEF EXECUTIVE & FOUNDER, AND CHAIR'S MESSAGE This year has been one of meaningful progress 8nd deepened purpose. As always. our mission remains cle8r: to make a lasting, positive impact on everyone affected by IBD. whiLe championing greater 8wareness of Crohn's and Colitis across our communities. A major milestone was welcoming our new Director of Services, in May. Her arrival has already transformed the charity. With her exception81 IBD nursing expertise and leadership. we have been able to bring greater structure to our services. strengthen our reach. and support even more families. This single appointment has elevated our ability to deliver care in a waythat is both compassionate 8nd effective. Despite a fundraising lead not progressing as hoped. our fundraising efforts have remained strong. We continued to meet our financial targets and upheld our commitment to delivering high-quality services and support. This consistency is a testament to the resilience of the Foundation and the dedication of everyone who stsnds with us. We now proudly deliverflve core $ervlce$ and an Insplratlonal podcast, wrth plans to expand and enhance our offering in the year ahead. This growth is not driven by us alone it is shaped by our community. Their lived experience. theirvoices. and their collaboration guide everything we do. Our community-centric. co-production model is unique, powerful. and somethingwe are deeply proud of. This year also marked an important step in our future development. Working closely with FJ Philanthropy, and again in partnership wth our community, we have begun laying the foundations for our next chapter. The first phase of this evolution is 8 brand-development project that will strengthen our identity and empower us to better support the IBD community for years to come. None of this would be possible without the unwavering commitment of the Foundation family. Your belief in our mission. your generosity, and your spirit are the driving force behind every achievement in these pages. We are proud that the Foundation continues to stand as a beacon of hopefor anyone affected by Inflammatory Bowel Disease. From the bottom of our hearts thankyou. Chief Executive & Founder Chair of the Board of Trustees Page 2 DO￿619￿ Envelope ID: E69763￿IDEE428E￿A83G*C7lBA784A73 OUR MISSION ANDWHOWE SUPPORT Our charity inspires hope for anyone affected by Inflammatory Bowel Disease. We're here for people livingwith Crohn's or Colitis- and everyone around them. One daywe hope these conditions won't stop anyone from livingthe life they want. Until then. v￿'re here to give hands- on. practical support to anyone in Scotland who needs it. Inspiring us every day is our founder , Catherine McEwan. Catherine was taken from us at just 37. after spending 21 years living with the debilitating effects of Crohn's disease. Her grace. strength, determination and humour shape everythingwe have done. since our formation in 2003. We support people wherever they are on thetr Inflammatory Bowel Disease journey. We do this by listening. creating connections. building community. and inspiring hope. when it isn't easy to find. CATHERINE'S STORY Catherine was diagnosed with Crohn's disease at just 16 years old. While her friends were finding their way in the new and exciting adult world, Catherine was making sense of 8 Wortd that looked quite different. Coping with intrusive. debilitating symptoms, going backwards and forwards to see the doctor, and in and out of hospital. her life was in stark contrast yet to her, itwas normal. Catherine's Crohn's was severe. Her flare-ups were relentless and so serious that she was regu18rly hospitalised. often for long spells. Eating was almost impossible. She ate little, and what she did eat, she passed very quickly. As a resuLt. she became physicallyweak easily, and her weightwas a constant issue. Prescribed drinks designed to build her up did not make much of a difference, and often when she fell to just six stone, tube-feeding was the only option to build her strength. Catherine endured multiple m8jor operations in a bid to get some relietfrom the almost- constant symptoms. Nothing v40rked. As the years went on. still nothing improved. 8nd the pattern continued. In fact. things gotworse for Catherine. Page 3 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 Already suffering from ever-increasing arthritis because of her Crohn's, she was also diagnosed as epileptic. Regular. extremelyviolent fits became just another part of her life. Still, Catherine did not complain. She stayed nse of humourand did as much as anydoting mother for her two young sons and for her husband, In 1992, 16-ye8r-old eturned home one night to find his mum bent over in agony. standing on a kitchen worktop. and hanging washing. Yet. she still refused to let him Call the doctor. In true Catherine Style, she said:"1 have work to do.... In the early hours of the morning. when the pain became unbearable. an 8mbuLance whisked her alongthe 811-too-f8miliar route to the hospital. Catherine's bowel had burst, and she had a serious infection. The infection was out of control. Catherine's body could not cope. and atjust 37 years of age. she passed aw8y leaving a loving husband and two adoring sons. TRUSTEES AND ORGANISATIONAL STRUCTURE Chair of Board of Trustees has worked with several charities including being on the board for his local Church of Scotland. He has over 20 years, management experience gained during a career spanning roles within British Telecom end Azzurri Scotland. As a licensed Innermetrix practitioner. Andy now speciaLises in management consultancy for Scottish SMES. He is an excellent communicatorwith a passion for helping others achieve their end go818nd has a proven record of accomplishment working with clients to establish and delivervalue within their business. In his spare time s a keen footballfan and plays golf. has been active in the charity sector for maryyears, raising much-needed funds for children and their families impacted by Inflammatory Bowel Disease. Having worked in the legal and financial services industry since the earl 1990s, he is currently 8 vice president in banking. s married t and they have two childre Jenny was diagnosed with Ulcerative Colitis 8t four years old and has undergone numerous operations 8nd procedures at the Royal Hospital for ChiLdren, including the removal of her large bowel. Page 4 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 as been involved with the Catherine McEwan Foundation since its formative years and has been a key player in many of our projects and events. She spent the earty part of her career as 8 production and fashion editor forvarious music and lifestyle magazines. is a Consultant Paediatric Gastroenterologist working in the Royal Hospital for Sick Children in Edinburgh. His main interest is paediatric Inflammatory Bowel Disease IIBD) and he is committed to making lrfe betterfor children and families impacted by IBD. He has published >150 research papers and is currently taking part in many clinical research studies in PIBD. In 2008 he was awarded a PhD for an investigation into the genetic determinants of PIBD in children. The Catherine M¢Ew8n Foundation is governed by a dedicated Board of four Trustees. providing strategic leadership and oversight to ensure strong governance and sustained impact. The Chief Executive reports directlyto the Board and works closelywith Trustees to deliver the charity's mission with ambition, integrity, and accountability. As our work and reach continue to grow. so too does our organisational structure. This year, the Foundation expanded its operational capacty, now employing 8 full-time Administr8tor/PAto the Chief Executive. a Director of Services. and a Fundraiser. These roles have strengthened our service delivery. improved operational resilience. and enhanced our ability to respond to the needs of the IBD community. Looking ahead, we are committed to further developing our community-collaboration model and expanding our volunteer programme. Our goal is to build a stronger, broader support base that reflects the community we sen4e and strengthens our abilityto deliver18Sting impact. RISK REVIEW The Trustees, supported by the Chief Executtve, maintain a rigorous and continuous risk- management process. This ensures the charity remains resilient. responsive. and prepared for both expected 8nd unexpected challenges. Our assessment covers: Types of Risk: Identifying financi81. operational. reputational. and strategic risks that could affect the org8ni88tion. Impact and Severity: Analysing how each risk could influence our services. finances, operations. and reputation. Llk616hood: Ev8luatingthe probability of each risk materialising. Mltigation Strategies: Detennining how risks can be prevented, reduced. or elimin8ted through policies. systems, and proactive planning. Financial Implications: Assessing the charity's abilityto withstand or respond to financial risk or instability. Page 5 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 We also recognise that challenges offer opportunities for learning, reflection, and grov4th. By examining how we have responded to Past pressures-whether financiaL. operational. or environmental-we continue to strengthen our systems, build resilience. and refine our strategic direction for the future. Principal Risks The Catherine M¢Ew8n Foundation has identified several key risks that are central to our sustainability and long-term success: Reliance on the Chief Executive As a growing organis8tion. a significant amount of operational and strategic delivery currently rests with the Chief Executive. To mitigate this, we have strengthened our operationaL team with a Director of Services and a Fundraiser and continue to deveLop a more resilient structure that supports sustainable growth. Revenue Stream Dependency Our current fundraising model relies heavily on event-based income. leavingthe charity vulnerable to external pressures and fLuctuations. Diversification is essential. We are expanding into new revenue streamswncluding corporate partnerships, grants and trusts, and regular giving-to secure a more stable and sustainable financial foundation. Trustee Skillset and Capacity While our Trustees are highly committed and deeply aligned to our mission. broadening the range of professional expertise on the Board is essential for supporting long-term strategic growth. We are actively recruiting newTrustees with high-level skills in finance, fundraising. governance, and strategic leadership to strengthen our governance and future•proof the charity. By addressingthese risks with intention and strategy. we are building a stronger. more resilient organisation equipped to deliver greater impact forthe IBD community. MOVING FORWARD As we look to the future, the Catherine McEwan Foundation is focused on ambitious growth, organisational strength. and serrfice expansion that will transform the support available to the IBD community: Team Expanslon When financiallyviable, we plan to add further dedicated Fundraisers and additional service roles, further strengthening capacity and diversifying income streams. Dlversifying Revenue Streams A key priority is expanding and stabilising ourfunding base. Wewill focus on corporate partnerships, regular giving, and a strengthened Grants & Trusts programme to reduce reliance on event-based income. Page 6 Docusign Envelope ID.. E697633A-1 DEE428D-AB3C-EC71BA784A73 Enhancing Fundraising Events We aim to elevate the scale. reach. and impact of our events-making them more innovative, more engaging, and aligned with long-term sustainability. Katie's House Development Progressing Katie's House remains one of our most significant strategic priorities. We continue to work closely with Glasgow City Council and key partners to create a dedicated operational base and a central hub for IBD support in Govan. Glasgow. Consultancy-Led Growth Guided by recommendations from FJ Philanthropy, we are undertaking transformational work to strengthen systems, governance, process, and strategic capacity. This begins with our major brand development project. a key driver of visibility, credibility. and future impact. KEY HIGHLIGHTSOFTHE YEAR At the heart of everything we do is a simple promise: to support more peopLe Living with IBD and to bring hope where it can be hardest to find. Together with our community. we continue to innovate. co-create solutions. and build support that helps people live the lives they deserve. Here are some of the key moments that defined our year: Growing our team to four full-time members, strengthening our capacity and expertise. Delivering four major community engagement events across two cities. bringing people together, reducing isolation, and building meaningful connections. Welcoming our Director of Services. whose leadership is already transforming our support model and widening our reach. Expanding our Scholarship Programme. with students achieving remarkable academic milestones and personal growth. Seeing positive, life-changing outcomes from our Mental Health Programme, offering crucial supportduring difficulttimes. Launching our 1-to-1 Support Seniice. ensuring personalised help for those who need it most. Upscaling our Wellness Programme, including more Wellness WaLks that promote community, movement, and wellbeing. Page 7 Docusign Envelope ID.. E697633A-1 DEE428D-AB3C-EC71BA784A73 Sustaining a strong calendar of fundraising events, ensuring the resources needed to deliver high-impact services. Where support is scarce, the Catherine McEwan Foundation continues to step in - innovating, growing, and deepening our impact everyyear. SERVICE IMPACT Each of our seNices has grown this year with significant impact and powerful stories. Scholarship SMIV Purpose Our scholarship gives hope and a platform to support our IBD communitywho have missed school and need help to achieve academic success and growth. Working at SQA level from 3° year onwards we support our young people with Nat 5's and Highers in STEM subjects. Allowing them to follow their dreams of higher education or a career path. What we delivered 20 Scholars were supported across two academic centres of excellence. Glasgow Academy and St Georges, Edinburgh. We also fulfilled support online. A key message being that our community is not restricted by geography to be supported by this opportunity. We delivered over 800 hours of free tuition. ExampLes of our impact: in becoming one of the first Edinburgh-based scholars to take part in the programme as we expanded into more parts of Scotland and linked up with new NHS Heath Boards such as Lothian and Forth Valley. The addition of Weekly Lessons and Grade Booster Days in Edinburgh made it possible for learners in the east of Scotland to access our offer and Rona has been another success story in our journey. She originally met our team at the IBD Family Day in Edinburgh in 2023 and decided to apply. In her application she detailed the impact her condition was having and was well aware of how much we could support her. Page 8 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 "l Struggle to study bocauso the amount I havo to do Is s¢ much and I feel overwhelmed. If I came to your sess5ons this would help me to feel more confident and get to grips with the thlngs I tlnd trlcky. I mlss8d S1 and S2 and was on a part-t5me t5metable in S3 because of mycrohn's. I stillfealthat this affects my ability in certaln subjects. It Is amazing that there Is an organisation that undorstsnds thls sStuation and what I have been through. S5 is my most Importsnt year and I want to do well so I can go to university." In the 2024 SQA exam diet, made her hard work and dedication pay off gaining an impressive set of resuLts: A in Higher English. C in Higher Human Biology. B in both National 5 Maths and Natlonal 5 Chemistry. joined us as an S4 pupil in J8nuary2024 as heworked on his National 5 subjects. He had been having difficulty with his leaning as treatment and illness took its toll on him. As with many of our scholars, he saw his grades in school begin to decline and thew he would benefit hugely from the help availablevia the scholarship progr8mme. Andrew is one of many scholarswho has also shown howquickly results in schoolcan improve in a veryshort space of time, demonstrating just howfastthe scholarship supports learners toturn things around and gettheir education and, in many cases, their self-confidence back to where it should be. "I feel my grades have dropped substantially towards the end of last year, the schoolwork was gettlng h8rder because I was mlsslng a lot of school due to IBD. I have also been in hospital a lot last year. I would like to come to Saturday school as I would Ilke to go Into englneerlng after school and improve mygrades to do so." In the 2024 SQA exam diet, despite having joined the scholarship with his grades dropping to 20130% in school, passed his Natlonal 5 exams In Maths, Engush, Chemlstry and Physics. reigniting his aim Next steps As we commence academic year2025126. wewillcontinue to growour offerto ensurewe support as many people as possible with their education and future opportunities beyond secondary school. As with all aspects of the Catherine McEwan Foundation. we put progress, development and innovation at the heart of what we do. Page 9 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 Key 83plratlons for 202512026: Further recruitment of even more scholars, linking with more NHS regional boards, local authorities. youngpeople 8nd families. The introduction of online Monthly M8Stercl8sses to 8dd even more edu¢8tion8l support options and break down geogr8phic8Vtr8vel restraints for our Scholars The development and pilot of an offer for primary-aged learners: STEM Saturdays. to allow younger learners in upper primary living with IBD to access fun, engaging and hands-on STEM learning activities to build skills, confidence and numeracy The continued delivery of our Weekly Lessons and Grade Booster Days across our in- person sites in The GlasgowAcademy and St George's School in Edinburgh Increased opportunities and dialogue with our Scholars and their families to share wider opportunities such as employer and university engagementslevents The offer of the SCQF Level 7 Award in STEM Leadership for our Scholars to add further value to their qualification. skills and future opportunities Increased subjects on offer includingthe introduction of Advanced Higherchemistry and National 5 1 Higher Applications of Maths The further developmenuopportunities for our scholars IBD MENTAL HEALTH SUPPORT Purpose The purpose of our 1-to-1 Mental Health Support Service is to equip people livingwith IBD with the tools. confidence. and emotional resilience they need to navigate lrfe with a chronic condition. Our support helps individuals man8ge depression and relationship challenges, rebuild pathways back intowork or education. and overcome the isolation that IBD so often brings. At its core, this serrfice is about restoringwellbeing. strengthening connection. and empowering our communrtyto live fuller. more supported lives. To m8ke them feel heard. Page 10 DO￿619￿ Envelope ID: E69763￿IDEE428E￿A83G*C7lBA784A73 What we dollvered rhis year, our 1-to-1 Mental Health Support Ser￿iCe provided regular, personalised supportto 55 new people iivingwith IBD. Each month. a rolling group of 25m30 indlvlduals benefited from ongoing sessions tailored to their needs. Our impact continues to grow. with the service delivering over 600 hours of free therapy. helping our community access vital support that would otherwise be out of reach. These hours represent more than time-they represent hope. connection. and meaningful changefor those navigating life with IBD. A stand out 6xampl8 of our Impa¢t18 taken from an omail rncolvod. "I have tsken some tlme to refieet on our counselllng $8sslons that wa dld together. After myfinal appointment. I leftyour office feeling overcome with emotion. and I have takon time to digest thos• emotions and thoughts. l just wanted to take a moment to express my deepest gratitude for the support and guidanco you've givon mo during our sessions. Thank you foryour compassion, Insight. and patience-they have had a truly IIfe￿changIng Impact on me. The biggest part of this for me-you never judged me or made me feel silly for speaking about how I folt• you made m8feol soen, heard and like myfeelings matterod. This truly means the world to me and it's something I will never forget. Thanks to our worktogether, I feoL more grounded, moro hopeful, and moro in tune with myself than I have in a longtime. You've helped me see things from new perspectives and given me the tools to navigate lrfe with greater confidence and clarity. Thank you tor being such a steadyand kind presence. I'LI carrythe lessons I've learned with m8 always." My wlfe. atso wantod to wrlto you a fow words, too: 'Thank you. for the conf idence and tools you've given my wife to be herself. I kn¢)w she was comfortable and trusted you from the moment she first reached out to you, and the dlfforonce I've notl¢od In her Is unbellevable. For someone to properly understand the mental impact Colitis can have on someone and make mywife feel seen and heard has allowed her to change her outlook on ilfe and how she can better manage that. We are a stronger couple as a result. and I can't thankyou enough. I can'twaltto 8njoy more adventures together. knowing she can properly enjoy being present, which is all I've everwanted for her. I can'ttake away her illness. but we won't let that stop us. Thankyou for ali you do.. Page11 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 COMMUNITY ENGAGEMENTPROGRAMME Our Community Engagement Program flourished this year, delivering four major events that brought families. young people. and supporters together in a powerful display of connection and belonging: M&D's Famlly Day-"How Can We Holp Mako Life Bettor? Alrthrill Edinburgh-under 13s Event Kids, Christmas Party Dynamic Earth-Teenagers' Day Each event combined community. education. and FUN. creating safe spaces where hundreds of attendees could meet others who truly understand the challenges of IBD. These days provide more than moments ofjowhey offer emotional relief. reduce isolation. and remind every child. teenager, and familythat they are not alone. There is a unique magic when our community comes together, and the impact of these events is felt long after the day ends. Looking ahead, we are excited to expand our programme across Scotland and introduce dedicated adult engagement events. ensuringthat every member of our IBD community h88 place to connect. learn, and feel supported. Page 12 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 IBD 1-1 SUPPORT Our IBD 1-to-1 Support Service. led by our Director of Services. provides a vital lrfeline for individuals and famiLies seeking expert guidance beyond standard clinical pathways. This serrfice offers personalised, compassion8te support at the moments when it is needed most. Support includes: NHS signpostlng and navigatlon Advica following a new diagnosis Parent and carer guidance Support with day-to-day IBD challenges Over the past year. we provided dedicated 1-to-1 support to more than 40 people. helping them make informed decisions. access the right care, and feel less alone in theirjourney. Looking ahead, we aim to expand this service bygrowing our team and developing community- led events focused on common themes and challenges. By co-producing these developments with our community. we will build the most effective. empowering support model possible. "Thankyou to for the Support wtth my chat about Harris- you made me feel at ease & your knowledge & kindness 13 wonderful-thankyou! WELLNESS PROGRAMME Ourwellness Programme continues to develop and will expand significantly in the months and years ahead to offer an even broader range of welLbeing opportunities for our IBD community. Currently, the programme is anchored by our weekLyWellness Walks, delivered across four Glasgow locations. Led by Walk Leaders with lived experience of IBD. these walks provide much more than gentle exercise-they offer connection, conversation, and a vital release from the isolation that often 8ccomp8nies chronic illness. Friends, f8mily, and even dogs are always welcome, creating a warm and inclusive environment that brings joythrough movement and community. As we lookforward, we are committed to expanding the programme to new locations across the ountry. ensuring that more people livingwith IBD can benefttfrom this simple yet powerful form of wellbeing support. "The wellness walks allows you to meet and talk to people who have experienced IBD or know someone who has. and talkingwlth them allows yourjourney. feelings, and thoughts to be validated and heard by someone who understands." "Thlnk of the feellngwhen someone wlthout IBD Just doesn't get It. Nowthlnk of a fun and chattywalk surrounded bythose who do." Page 13 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 "The wellness walks are In¢Luslvo as you Can walk at yourown pa¢o- evoryono18 understsndlng and support5ve. There Is a great mlx of people of all age groups who attend. The ambassadors are knowledgeable. inspiring and greatfun to be around. Thls Is an amazlng opportunlty to moot Pooplo and I wlll deflnltely be att8ndlng futuro walks." GLITSY PODCAST GUTSY, broughtto lrfe bythe C8therine McEwan Foundation, has quickly become one of our most powerful platforms for connection. awareness and understanding within the IBD community. A space for raw. honest and da6ply human ¢onvernatlon$. GUTSY brings together real stories. expert insight 8nd lived experience from across the IBD world. Each episode explores the realities of lrfe with a chronic conditiorw•vhile celebratingthe strength. humour and hope that carry people through. At its heart. GUTSY is rooted in the belief that no one should be defined bytheir IBD. The podcast champions the message that our community can live fully. dream boldly and fulfil their potential, even in the face of daily challenges. Guests bring not only honesty and vulnerability but also inspiration and laughter￿eMIndIng listeners that joy and ambition can thrive alongside IBD. The response has been extreordinary. Listeners have praised its authenticty. compassion and ability to make people feel truly seen. As one listener shared: "Brilliant podcast. Your raw honesty will definitely help others. You describe the challenges of living with a chronic condition perfectly and in a no- nonsense way. Forthat. I thankyou." Anotherwrote: "I loved how honest Jen was about her journey and how your mindset can really help!" Page 14 Do￿sIgn Envelope ID: E69763￿1DEE428EkAB3c￿C7l6A784A73 The success of GUTSY has been so significant that Season 2 is already in development, promising even more powerful conversations. humour. insight and community connection. GUTSY is more than a podc8St-it'S 8 lifeline. a storyteller. 8nd a powerful reminder that with the right support. the IBD communitycan live boLdly. bravely and unapologetically. Page 15 PLANS FOR 202512026 The year ahead marks an ambitious new chapter for the Catherine McEwan Foundation. Our focus is clear: to deepen our impact. expand our services. and strengthen the support available to everyone living with IBD. Guided by the voices of our community, we aim to launch three vital new services: Mental Health Support tor Chlldren & Young People Beneflts and Welfare Guldance Group Support Sesslons These additions will allow us to reach more people, earlier, and with more tailored help than ever before. We are also exploring a dedicated support hub - a physical space where our community can access services, connect, and feel truly supported. Alongside this, we will continue to make progress on Katie's House, a long-term vision that will transform the landscape of IBD support. To sustain and grow our impact, we will enhance our fundraising strategy through a strengthened Grants & Trusts programme and by expanding our team to 5UPPOrt this crucial area of development. A major milestone for the year will be our brand development project, a Iransformational piece of work designed to elevate our profile, strengthen our message, and amplity our Impact nationwide. This significant proiect will shape the future ot the Foundation, with a launch planned for earLy 2026. 2025126 will be a year of growth, ambition, and bold steps forward always guided by, and built with, our community. A FINALWORD At the Carherine McEwan Foundation. we know one truth above all: we are nothlng wlthout our ommunlty. Everythin8 we do Is made possible by the extraordinary people who stand beside us-those w8 SLJpport, those who support us. and those who simply b81ieve In a belter tuture lor everyone living with IBD. Our inspiration begins with Catherine, but it grows every daythrough the Courage, resilience, and kindness of the incredible individuals and families we meet. We are humbled and proud to call this remarkable group the Catherine McEwan Foundation Family-a family made up of people W￿th a personal connection to IBD, and many others who choose to walk with us because they believe in our mission. To our supporters. donors. partners. volunteers. and every person who has joined us on this journey: thank you. Your belief fuels our work. Your generosity drives our impact. Your commitment makes hope possible. We strive every day to deliver meaningful. life-changing support-and with you beside us. we will continue to grow. to innovate, and to flourish. Together, we will create a brighter. stronger future for the IBD Gommunity. Page 16 DO￿619￿ Envelope ID: E69763￿IDEE428E￿A83G*C7lBA784A73 A YEAR IN PICTURES...... CATHERINE MCEWAN LINFORCth'S&£WTIS Page 17 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review a. Financial review During the year the charity reported income of £496.151 (2024: £433.919) and incurred expenditure of £560,914 (2024: £366,850) resulting in total reserves at the year end of £355.755 of which £346.545 was restricted (2024: restricted funds of £345,142). b. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeatle future. For this reason. they continue to adopt the going concem basis in p￿paring the financial ststements. There are no known material uncertainties regarding the chantys abilty to continue as a going con￿M. c. Reserves policy It is Ihe pdicy of the charity to maintain three months's total costs. exduding Patient Sernfjces, this equates to approximately £44,000 (2024: £91.713). At 31 March 2025 the charity had unrestricted free reserves of £9,210 (2024: £75,376) and restricted reserves of £346.545 (2024.. £345,142) and therefore reserves totalling £355,755 (2024: £420,518). The free unrestricted funds are £9,210, however. the chaiity does have signtficant restricted funds which allows them to carry out their charitable activities for spectfic purposes. The Trustees are aware that unrestricted reserves are below the ￿SerVeS pc4icy, however, the charity has been working to increase the unrestricted funds post year end. This has been successful, therefore, we expect the future funds to improve to the year ended 31st March 2026. Please refer to the Chainnan's statement for the future plans of the charity reserves and note 15 explaining the charity reserves as at 31 March 2025. Structure, governance and management a. Constitution The Catherine McEwan Foundation is a Scottish Charitable Incorporated Organisation (SCIO) recognised as a charity by OSCR on the 20 February 2020. The purposes and administrative arrangements a￿ set out in the charitys constitution. b. Organisational structure and decisionwmaking pcAicies The Catherine McEwan Foundats'on currently has a structure of 4 Trustees which the Chief Executs've reports to. 3 full ts'me staff and a part ts'me administrator. Page 18 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees, responsibilities The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Truslees to prepare financial stalements for each financial . Under company law. the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of reSoUr￿s. including its income and expenditure. for that period. In preparing these financia statements, the Trustees are required to.. select suitable accounting pc4icies and then appty them consistenty. observe the methods and principles of the Charities SORP (FRS 102)" make judgmenls and accounting estimates that are reasonaL4e and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any material departures disdosed and explained in the financial statements. prepare the financial statements on the going 67,069 Reconclllatlon of funds: Total funds brought forward Net movement in funds 75,376 (66,166) 345.142 1,403 420.518 (64,763) 353.449 67,069 Total funds carrl•d forward 9,210 346,545 355,755 420,518 The Statement of Financial Activities indudes all gains and k)sses recognised in the year. The notes on pages23 to 35 form part of these financial ststements. Page 21 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO REGISTERED NUMBER: CS003846 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Curr•nt assets Debtors Cash at bank and in hand 14 24,060 373.468 17,706 442.389 397.528 460.095 Current liabilities Creditors: amounts falling due within one year 15 (41.773) (39.577) Nel current assets 355.755 420.518 Total assets less current liabilities 355,755 420,518 Total net a55ets 355.755 420,518 Charlty funds Restricted funds 16 346,545 9,210 345,142 75,376 Unrestricted funds 16 Total funds 355,755 420.518 The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance wrth section 476 of Companies Acl 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act wth respect to accounting records and preparation of financial ststements. The financial stslements have been prepared in accordance with the provisions applicatAe to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Truslees and signed on their behalf by. Date: 19 December 2025 The notes on pages 23 to 35 form part of these financial statements. Page 22 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomiation The Catherine McEvRn Foundation is a charitsble company limited by gurantee, incorporated and registeredin Scolland and has no share capital. The liability of each member in the event of winding up is limited to £1. The registered charity number is SC049063. The registered office is Spiersbridge Way. Thomliebank Glasgow. G46 8NG. Accounting policies 2.1 Basis of proparation of financial ststoments The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practi￿.. Accounting and Rep)rting by Charities preparing Iheir accounts in accordan￿ Y￿th Financial Reporting Standard applirAble in the UK and Republic of Ireland {FRS 102), the Charities and Trustee Investment (Scolland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Catherine McEwan Foundation SCIO meets the definition of a public benefit entity under FRS 102. Assets and liabiltties are inttiaty recognised at historical cost or transaction value unless otherwise stated in the relevant accounb'ng Fdicy. The Charity is a registered Scottish Charity with the registered charty number SC049063. The presentational currency of the financial statements is in pound sterfing (£). 22 Golng Concam After making appropriate enquirTres, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. There are no known material uncertainties regarding the chantys abilty to continue as a going concern. 2.3 Roduced dlsclosurn •x•mptlons The Chanty has taken advantage of the fdlowing disdosure exernptions in preparing these financial statements, as pennitted by the FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland: . the requirements of Section 7 Statement of Cash Fbws; . the requirements of Section 3 Financial Statement Presentation paragraph 3.17{d); . the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c)- . the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29 Page 23 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (contlnued) 2A Funds Structure Unrestricted income funds comprise those funds ¥%thich the trustees a￿ free to use for any purpose in furtheran￿ of the charitable objects. Restricted funds are funds which are to be used in accordance with specffic restrictions imposed by the donor or trust deed. or through the tems of an appeal. 2.5 Income recognltlon Income is recognised once the charity has entidernent to the income, it is probable that the income will be received and the amount of incorne receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and setuement date. In the event that a donation is subject to conditions that require a level of perfonnance before the charity is entitled to Ihe fijnds, the income is deferred and not recognised until either those conditions are fuly met. or the fulfillment of those conditions is wholy within the control of the charity and it is probable that those conditions wll be fulfilled in the reporting year. Interest on funds held on deposit is induded when receivable and the amount can be measured reliably by the charity, this is nonnally upon not[r￿ation of the interest paid or payable by the bank. Income from olher trading events includes the fundraising income vA)ich is generated by the charity through various events organised throughout the year. The costs incurred in organising these events are deducted from total income generated and the surplus is utilised towards the charitable objectives. Grants are included in the Stalemenl of financial acttvities on a receivable basis. The balance of income received for speafic purposes but nol expended during the period is shown in the relevant funds on the Balance sheeL Where income is received in advance of enlitlemenl of receipt, its recognition is deferred and included in creditors as deferred incorne. Where entitlement occurs before income is received, the income is accnjed. 2.6 Expenditure recognition Liabilib'es are recognised as expenditu￿ as soon as there is a legal or constructive olligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reSably. l expenditure is accounted for on an accrual basls. It is split between fundraising costs and charitable activity costs. All expenses are allocated or appointed to the applicaLle expenditure headings. Expenditure on fundraising includes the costs incurred in organising the varK)us events throughout the year in order to generate income for the charity. Expenditu￿ on Charitable activities inthdes the direct costs of the charity along with support costs and govemance costs undertaken to further the purposes of the charity. Page 24 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (contlnued) 2.7 Donated servlces and facllltles Donated professional services and donated faclities are recognised as income when the charity has control over the item. any conditions associated wth the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. Refer to the trustees, annual report for more infomiation about their contribution 2.8 Allocation of governance costs Governance costs comprise all costs invofving the pU￿1C accountabl￿ty of the charty and its Complian￿ wth regulation and good practice. These costs include costs related to statutory independent examination fees. The allocation govemance costs are analjsed in nole 8. 2.9 Taxatlon The charity is exempt from tax on its charitable acttvities. 2.10 D8btors Trade and other debtors are recognised at the setuement amount after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due. 2.11 Cash at bank and in hand Cash at bank and in hand includes cash and short-lemi highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.12 Crnditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that wil probabty result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estirnaled reliabty. Creditors and provisions are nomaly recognised at their settlement amount after amowing for any trade discounts due. 2.13 Employ•• beneffts The cost of any unused holiday entitlement is reeognised in the period in whith the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to ternlinate the em￿YThent of an em￿Yee or to provide tenninab'on benefits. 2.14 Flnanclal Instrum•nts The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequendy measured at their settlement value wrth the exception of bank loans which are subsequendy measured at amortised cost using the effective interest method. The trustees a￿ satisfied that the accounting pdicies are appropriate and applied ￿)nsistenI1y. Page 25 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (contlnued) 2.15 Crltlcal accountlng Judgement and key sources of estlmatlon uncertalnty In the apFdication of the charitys accounting policies. the Trustees are required to make estimates and assumptions about the carrying amounts of assets and liabilties that are not readily apparent from other sources. The charity does not have any key assumptions con￿MIng the future, or other key sources of estimation uncertainty in the reporting year that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Income from donatlons and legacles Unrestricted fijnds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Donations 53.052 53.052 36,418 Income from charitable activities Restricted funds 2025 Total fvnds 2025 Total funds 2024 Grants Received 18,140 18.140 57,407 Incom• from olher trading activiti•s Income from fundraising •v•nts Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Fundraising events 397,332 27,066 424.398 339.643 Page 26 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment income Unrestricted funds 2025 Total fvnds 2025 Total funds 2024 Interest on Cash Deposits 561 561 451 Expandlturn on ralsing funds Unrestricted funds 2025 Total funds 2025 Total funds 2024 Direct Costs 243.523 246.285 47 280.751 Support Costs 276 258 Anatysls of •xp•ndlturn by actlvltl88 Activities undertaken direcuy 2025 Support costs 2025 Total funds 2025 Total funds 2024 Raising awareness Patient services delivery 107.437 95,502 71,162 12,818 178.599 108.320 86,099 Total 2025 202,939 83,980 286,919 86,099 Page 27 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysis of expenditure by activities (continued) Anatysi8 of direct costs Totsl funds 2025 Total funds 2024 Wages and salaries Rent on premises Advertising Scholarships Podcasts Bad debts Grants payable Research Donations made Entertaining Patient services expenses 75.171 1.748 56,833 7,825 30,246 9,265 4.860 850 (24,120) 2,000 312 5.900 1.917 54.198 Total 2025 202.939 24,566 Further details regarding Grants payable can be found at Note 10. Page 28 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Anatysis of expenditure by activities (continued) Anatysi8 of support cost8 Totsl funds 2025 Total funds 2024 Web software Staff costs Merchant Charges Emp40see medical insurance General Expenses Insurance Vehicle Leasing Printing, Postage & Stationary IT Software and Consumables Entertainment 5.325 10.514 2,020 1.310 3.225 1.929 4.306 12.779 3.125 4.045 9.677 486 3.695 2,630 18.914 4,764 7.825 1,715 1,091 3,445 1.681 4,306 9,140 4.082 2.961 8,654 776 1.831 2,662 6.600 Accounlancy Bank Fees Telephone and Intemet Travel Expenses Govemance costs Total 2025 83.980 61,533 Governance costs inckjded in the above are as follows,. 2025 2024 Independent examinerfs fee Stsff Costs 8.400 10,514 6,600 18.914 6,600 Page 29 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Independent examiners remuneration 2025 2024 Fees payable to the charitys independent examiner for the independent exam of the charitvs annual accounts Fees payable to the charitys independent examiner in respect of accountancy services 7.300 1.100 1,100 8.400 6.600 10. Grants payable Grants paid to institutions are as follows. 2025 2024 Edinburgh Childrens Hospital Charity Glasgow Children's Hospital Charty (26,000) 1,880 2,000 2,000 (24,120) 11. Analysls of staff costs and rnmun•ratlon of key management personnel 2025 2024 Salaries and wages Social security costs Pensi￿ Costs 144.958 10,697 2.835 74.873 1,715 1,665 158.490 78,253 The charitys key managernent personnel comprise the Chief Executive and the Trustees of the charity. The remuneration paid to key management personnel induding employers national insurance and employers pension in the year was" £60.419 (2024: £59,254). No employees had employee benefrts in excess of £60,000 (2024: £Nil.) The average number of emtAoyees employed by the charity in the year were as follows; 2025 2024 Staff Page 30 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Related party transactions The Trustees give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024: £nil). During the year their were no Trustees expenses reimbursed (2024: £nil). There were no trustees expenses waived during the ￿ar (2024: £nil). During the year book4(eeping and payroll services totallng £9.677 (2024: £8.448) and HR consultsncy services totalling £17.826 (2024: £2,460) were provided from HR Services Scotland, a company in which a Trustee of the charity is a Director and empb)yed as the Managing Director. The sister of the Trustee is also a Director and employed as the Finance Director of the company and is involved in the book-keeping services to the chanty. These transactions were under normal markel conditions. Al the year end the combined balance due was £806. Additonally. stationary for events were provided by Grey Matters Media for £982. a company in which a Trustee of the charity is director for. At the year end. there is nil balance outstanding. 13. Comparatlves for the S&￿ement of Flnanclal Actlvltles Unrestricted fijnds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacies Charitable activities Other trading activib'es Investments 21,942 14,476 57,407 36.418 57,407 339.643 451 46,776 5,000 324.890 99 339,643 451 Total income 433 919 376 765 Expenditure on: Raising funds Charitable activities 241,225 39,526 280.751 86.099 245.910 79.561 Total expenditure Net Income 34.712 32,357 67.069 51.294 Transfers between funds 100 00 (65,288) 132.357 67.069 51,294 Net movement in funds R•conclllatlon of funds: Total funds brought forward 140.664 212.785 353.449 302.155 Total funds carrlod forward 75.376 345.142 420.518 353.449 Page 31 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Debtors 2025 2024 Due within one year Trade debtors Prepayments and accrued income 6.900 17.160 11,605 6.101 24.060 17,706 15. Creditors: Amounts falling due within one year 2025 2024 Trade Creditors Taxation and other so￿al security costs Other creditors and accruals Accruals and deferred incorne 5.321 646 31.279 12.106 23.700 8,298 41.773 39.577 Page 32 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expendtture Unrestrlcted funds General Funds 75.376 450.945 {510,845) (6.266) 9,210 Restricted fvnds aobum Quary Katie's House 6.715 277,888 43.743 10,050 6.746 {6.715) (3,830) (17.068) (22,456) 274,058 38.675 Scholarships Mental Health Services IBD x Fithess Project Paediatric Mental Health 12,000 6,140 6,266 6,746 27,066 27,066 345,142 45,206 (50,069) 6,266 346,545 Total of funds 420.518 496.151 (560,914) 355.755 Unrestricted funds are available to be spent for any purpose of the charity. Restricted funds comprise: - Cloburn Quary- donations recerved towards the schc4arship programme. Katie's House - donations received towards the Kalie's house projecL - Scholarships - funds re￿iVed from ball F4edges spectfically for scholarship spending. - Mental Health SeNces - funds received specifically for mentsl health servI￿s. IBD X Fitness - Funding for wellness programme - Paediatric Mental Health - mental health services for thifvJren and yDung people Page 33 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds (continued) Statement of funds - prior year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expendtture Unrestrlcted funds General Funds 140.664 362.036 (327,324) (100.000) 75,376 Restrlcted funds Clobum Qua Katies House Scholarships Mental Health Services IBD x Fithe&s Project 7,730 (1.015) (11.628) {9.265) (17.618) 6.715 277,888 43,743 10,050 6.746 189.516 20.693 2.576 11X).000 32,315 25,092 6,746 212,785 71.883 (39.526) 11)0.000 345.142 Total of funds 353.449 433.919 (366,850) 420.518 Unrestricted funds are available to be spent for any purpose of the charity. Restricted funds comprise: - Cloburn Quary- donations received towards the schc4arship programme. - Katie's House - donations received towards the Kats'e's house projecL - Scholarships - funds received from ball F4edges spectfically for scholarship spending. - Mental Health Semces - funds received specffically for mental health servI￿s. IBD X Fitness - Funding for wellness programme 17. Anatysls of net assets between funds Anatysis of net assets between funds - current year Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Current assets Creditors due within one >par 50,983 (41.773) 346.545 397,528 (41.773) Total 9,210 346.545 355.755 Page 34 Do￿sIgn Envelope ID: E69763￿IDEE428EkAB3c￿C7l6A784A73 THE CATHERINE MCEWAN FOUNDATK)N SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Anatysis of net assets between funds (continued) Anatysi8 of not a8S•ts betweon funds - prior year Unrestricted funds 2024 Restricted fvnds 2024 Total funds 2024 Current assets 114.953 (39.577) 345.142 460.095 (39.577) Creditors due within one year Total 75,376 345,142 420,518 18. Lease commltsnents At the balance sheet date. amounts due under operating lease commitments for the equipment were as follows: 2025 2024 Lease commitrnents faling due within 1 year 4.306 4.306 4.306 4,306 Page 35