Company rnglslJation number SC216318 {S¢odandl Charlty wistration number SC031245 {Scotlandl THE NATIONAL STADIUM SPORTS MEDICINE CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 1111 111111 *AF2JNDXN• 21105r2Q6 COMPANIES HOUSE A15
D¢x¥5vJn ID.. 690A121E468D429A-812E.EFF3D4euc¢F THE NATIONAL STADIUM SPORTS MEDICINE CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trnstees N t)oncaster D Broadfwt Ark L Paul {Appoinled 1 Seplefflber 202S) AGould JGin Secretary GHal Senior manag•ment Katy Stwrt Man4in9 DirectOT cotry of incorporation iknited Kingdom SC216318 Charity re9lstratlon Scoljand SC031245 R•glst•r•d office Hampdthi Pa Glasg G42 9ED Auditor g (Audit) Linwted 168 Bath Street Glasgow G2 4TP Bank• Bank of S¢>)tland 54162 Sauthiehan Street
DwJ$ign En¥thFe ID". 69DA12[E468LSAI2E.EFFaOq THE NATIONAL STADIUM SPORTS MEDICINE CENTRE CONTENTS Pag• Tru51ee5' rephxt Ir)dependenl auditorfs report 7-10 Statement of financial acliwtres Balance sheet 12 St•lemont of llw$ 13 Noies to the financia statements 14-27
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Th& trnste•s present Iheir annLAI report and finanaal statements for the year ended 31 DMber2025. The financial statements have been wepared in ac£ordance the accounting Pol4eS set out note 1 to the ffinancial stslements and cornpty with the charitys goveming 0ment the Companies Acl 20C6 the Charities and Tru51ee Investment (Scotland) Aet 2005. the Charities A¢¢ounts (Scolland) Regulations 20rfi. FRS 102 "The Fillancial Reportmig Standard applicable Ihe UK and Republ of Ireland" and Ihe Charib"e5 SORP 'Ac(a)unting and Reporting by Charities.. Statement of Recommended Pradice awicable lo charibes preparing their 8c<>xJnls in accordance with the Financial Reporb'ng Standard apFA"Lcabie in the UK and Republ of Ireland IFRS 102}-. Obje¢tivè$ and activities The obiectives of the charity are to encourage a more adive na11. (xeate heallhier communities, and emp¢)wer fitter athletes of all abilittes by offering a range of seN¢es t•"kJred to individual needs. Thg Charity aims to aehia¥e this thrWI Ihe fo11tr. by ¢orKlucting re5ear( and de4loping pr8¢1ical pr0Me$ in Ihe aa$ of social SL¥ences includin9 t physiologi(21 and psychob>¢al benefits of health, iet and fftne55 pro9rammes and to put4ish the uselul results of such research". by promding arj gLNdan¢e arKI pracitsl ¥Yo9rammès to improve the mental andlor physical hgajth, fitness and diet of partiopants-, by conthjcling research into the ¢ausab"on and treatrnent of such medThl woblems arising from such activilies and into the suentiffic and psy¢ologiol aspects of atNetK sporting achievement and to publish Ihe useful re5uliS of such researth". by protecting and NnproNirrfJ the mental and tthystcal heatih of the genefal publ and in parti¢ular, individuals from minority ethnic communits and those resKling within areas designated for social dusion iniliatives, and to assASt in the refief of ID health and the provish)n of general heajlh education., by carrying out health ¢he¢ks on indiwduals to Klèntify heallh probfems or rceM$ at an early stage and lo pfovidÈ adw¢È andlor trealmenl to SLKh indN¥Jual$ wrth a Miew to aleIng existiny health problems andlor adIng fLrture health problems: prOdIn9 opporlunib"e$ for people kn leam experi¢e which vNJuhl otheie not be available to them., invohryng peoFAe in ccAlethe effort so bw try gain COnfe in Iheir own abilities and their ablity to influence dera51¥ that affect them: helping young pe and peoFde vtho are soc4aly disadvanlaged. IndudW those from minority ethnic communities lo devdop their Physi and mental capathes suc that they may grow to fLtI maturrty a5 indmduals and as Social responsible members of society.. arKI . promotrng ham70ny among pec of dkYÈrent races. reb9itin$ 8nd other affiliat)Trs IOUgh the u$è ol sport and exerusÈ as a diversK)nary ttsjl to combat dwisitS reduce lenwns bÈtsveen communilies. Public beftefft The trv5tees have paid due regard to guidance issued by the Office of Scottish Charity Reguklw deciding what. acbvities the charity shyjld undertake.
Dcojslgn Enve ID.. 59DA12tEet82gm12E-EFF30IGS80 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achl•v•mènts and performance SigThficanl 8cfywtses 8TrY aChR¥enIts against obiecfves 2025 saw an 11.6% increase in physiotherapy clients. In addtbon. staff had opportunrfie$ worknng Mth Team Australia Lawn B(ywls Team. Tina Tumer thè Musica and the Scodand Natix)al Team. Sèr¥le• Overall service income was higher than budget with addition phys¢olhefapy availability m&aning increased income. Cardiac screening income remains high also. UllfasouThJ guKled injections have been very popular and we introduced Cingal injeCtS whith bs a hybrwj behyeen steroid and hyaluronic aad. Educatlon The University of Glasgow teaiir#J monies decreased due lo lower overall numbers on the Programme. This is balanced by les5 staff b'me needed for a55e5sment and leachirwJ. Hèalth & Fitnèss Hèalth and Fitness inCAe was up. Ths was in part due lo the revision of the packages on offer indudiry the introduction of a Cardiac Phjs pthge n partnershy with one of the Clnic CardlO91$ts. The National S orts Fi Aid Course 2025 was another busy year for the Nal]"onal Spts First course INSFA). Thts one of only 3 ¢ourses o¢crgdiled by Ihe SuSh FAfor Cbjb Lunsing and remains FWLdar. otti5h FAActivi We continue lo Pro$ M1 support kn th• Scottish FA #Kluding cthac $(ye¢ning, medtsl equiFwI, dub h'¢en&n9, mèdicals forteams and referees, coach education. mental health support and support for Natior1 Teams. Flnanclal Wiabll The clin has maintained a slatle cashllow and bank babnce throhOUl 2025. 2025 saw the Clinic mak8 a wofit of £50.038 whith was £43,000 better than bget. The reserve5 remain healihy. rniin and En stsff and Clien Staff ffK)rale was high in 2025 with 51able staff levels Communication wfflh existing 8nd potenlial rte c&ents 1$ key aThJ we have tun reguir newsletters addit to ow social media conlenl.
ErNdope10.. 69DA12OE468m29A-812EF3oI66WF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 FInI{al vevlew During Ihe yèar to 31$t Oeeember 2025. the ¢hanty g•neoted a surF4us for Ihe year of £,03712Q24.' defi(it of £28.4741. Prin¢ipal Fynding Source$ The ¢harity's principal ftjnding SOUT% are from dfilable acbvibe5 and are dIded as follows.. . SeNice Incthnè is incomè from dts wlb) att&)d for physiotherapy assessment and trèalment. . Education IrKome largely indudes irxThe from the dehvery Ofspts FirstAKI rnurs¢$ by the tharity. Health and FItr is income recebved from fftness proje(as. Wldal testing and exoculive medical examinations. . Research grants rècèived from b)ditts Going concern The Clinic has maintained a stsLle cashllow and bank balance throughoul 2025. 2025 saw Ihe Clinic make a sluS of£S0,037 and proiectsons forecast Ihat the djarity WIN have suffioent income and reserves to continue as a going concem. Reserves polKy It is the policy ofthe charity to hold unrestfKaed gener fijnds, whK have not yet been commrtted or designaled for any particular purpose. The Trustees are of the optnron that the charfy needs to masntain free selVeS at a level equwalenl lo 10% 01 armwal èxpendrture. The charity oFerates in a ma¢ket in whith it 15 dffictt to accumulate rese5. The current unrestricted funds are £47S,184 12024.. £425,14n of which £140.453 is represented by fed assets currenlly being used by the tharity and therefore these lunds are not free to be spenl on charilable work. This leaves £334,731 of freè unrestricled reserves at the year end. However. Ihe Trustees aim to bull d w) funds over time. sufficaent to meet fvturé contingencies through the generation of net inceases in ILmds eath year with an aspiration of maintaining an acceptable level ol reserves. The reseryes are needed lo protect the future operatiLJns of the charity from thè effect5. of any unforeseen variation5 in it5 income streams as part of a polry of good finanoal managernent practice, and the Trustèes are confident at this lèvel they would be abte to cs)nlinue thè cunt acbmlies of tht eharity in the event of a significant drop in funding. The tharity may also hold resthrted lunds vh)tch arè subject to (x)ndrlions imposed by the donor or which ar¢ collected for a specthc purpose oth•r than the general funds of the charity. The tharitls total funds at 31st Drnbel 2025 nted to £475,184 {2024.. £425.14n. Plan$ forfuiure perlods We ar• cOnfent that 2026 will see fvrther improvements in cjienl numbers and profft wilh a new Saldlrte ClinK. We have already secured a rth¥ occupats.onal health contrad that wil in(xease over1 income.
ETh¥ek? ID.. 69DA12CE468Ol2EFFJtj166BF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 structure, govem•n¢¢ and managefftt The Nats"onal Stsdium Sports Medione Centre is a charitable ¢ompany MIted by guarantèè, in¢orporale<l and registered as a ¢harity on 2TrJ March 2001. The charity was estsblished urM1¢r a M¢morandum ofAssotyati¢)n which established the objects and powers of the charitable company and is govemed under its Artides ofAssociation. In the event of the charity being wound up members are required to contribute an 3m)Unt not exceeth'ng £1. Oryanisation The charity is controled by a Board of Trustees. The Board of Trustees can also appoint addrtional Trustees. There are currenuy 7 members who meet quartwly and are responsible for the strategic direction and poficy of the charity. sUcMittees are in operation coverwlg developmenl. ffinance and sLiffing which meet on a regular basis. Day to day responsibility for Ihe provisTon of 5eNces re5t5 with Ihe Managing Director. The Trustees of the drity are" rts trustees fr)r the purposes of tharity law and throughout this repNt are couectsvely refeffed lo as the Trustees. The membership of the Board the year is set out belrm.. Key Management Personnel: Trust•s Chairman.. N Don¢aster un1wty of Glasgcmf norninee.. JGil Unrvefyty of Strathdyde nominee.. A lfjrk Glasgow Caledoniw UnNersity nomire: LPaA Scottish Footbal Association nominees." N t)oncaster A Gould Indepèndent nominee-. D Broadfoot Company Secretary.. G1 Kty Management Pernonnel Managing Diiaetor K Slew•1 Head of Clini¢ seNs S Pèkcafferty Head of Business Operations A Poloc* N Doncaster D Broadfoot A Kirk L Pavl T McKeown A Gould J Gill (Appointed 1 September 2025)
Doujsiw EnloPe ID". A120E82lFF3oI6G THE NATIONAL STADIUM SPORTS MEDICINE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Recnthent andapwntmgnt ollntsl8es The new Trustee$ of The Nab"onal Stadium Sports Med1 Centre are nominated by member5 of the Board under the terms of the Articles of Assooation and are made aware of their responsibilities as Bgard members. This indudes an inlroductw to the obiecbves. scope and policies of the chanty. OSCR infomiation on director responsibiliiies arKI copies of prewous year5. dir¢thr annual rewyls and fmancial slalements. Remun8fation pol R•mun•ration The remuneralion sulKommittee TrJrmaMy meets annualy and revi Ihe pay Of the Managing Lh'rector. The remuneration $uWmmittee Measu the rtOM)3nce of the Mana9ing Diredor again51 the wewous year's objectives and makes the necessary recommendations to the TDJsteÈs. The pay of the charity slaff is revIed anr¥Jafy by the Trustees and any irnyease in pay 15 dependent on the perfomiance oflhe charity 1hroLhout Ihe previous year and would inuease with RPI. All Trustees give their time freely and no direcior recei¥Ed remuneration in the year. Direthrfs expense$ a not rginbursed aThJ the amounts waived ale immaterial. othermatters Risk Mana ement straté Thè Board D1CtorS have a rrsk management stralegy which inckwjes constant review of an known material risks that the o)mpany may and the establishment of Systèms and procedures lo mibgate those risks identified. Thè Clinle has a fomial risk register whith is updated quarterty for each Board Meebny Whe it is a C¢$1•nI agenda item. The key risks identrfied by ts trUee$ #re: Risk 1.. Loss of key personnel. 2025 saw one Massage Thernpist leave Ihew positK¥n with hours $F4it bebveen sessional staff. A new Head of Ch'ntc Ser¥ryces was appoinled in late 2025. Risk 2.. Loss of Client base. This risk r&nains low wrth plans to open a new Satdlite Clinic in earfy 2026. Risk 3.. The hydrotherapy pool was added to Ihe Risk Register at Ihe end of 2023 given ifs age and ongoing maintenance costs. This has eyxlaled with ihe pcrf)I Ing dosed and an$ to redevelop the space being consided by the Board. Relatship wth relatedpaths The Scottish Footban Associalion Limited has 3 Trustees in common wth the charity. The charity has a close relationship wih The Scoitish Football Assoualrfm. University of Glasgow. Un¢ver5ity of StralFWe and Glasgow Caledonian UnNersity and al have representstw the 8o¥d ulerthe ArtiL*s ofAssoc4alion. statsm¢fit oltrust•ts' responsibililr•s The trustee5. who a also the directors of The National Stadium Sports Medicane Cenlre for the purpose of cx)mpany law. afe rèsponsitAe lor prèparing the Trustees. Report and the finanoal statements in aCrKIrdan wilh appli¢abto law and United n9dcn Acc4YmtNig Standards (Unbted Kingdorn Generally A¢¢epted Acc4wnt¥ Practice). Company law rnquires the trustees to prepa financial statements for each financial year whi¢h gNe a tru? and fair ow of the state of affairs of the chanty and of the incr)ming resources and applution of rèsources, induding the incom• and expenditure. of the tharilable company forlhat year. In preparing these finanual statements. the trustees are required to". - select suitable accountNig policies and Ihen app them con51Stenlly'. - observe the methods and princaples in the Charities SORP." and - m¥ke judgemenls and estsmales that are reasonable and Went
D$1 Envelope ID." 69OA12oE468D4A-61.EFF3O466 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees are responsible for keeping adequate ac£ounb"n9 rer•yds that disdose wilh reasonable aLracY at any time the financAal p05tlion of the tharity and enable thern to ensure that the financial slatements compty wilh the Companies Ad 20CE. Ihe Chariti"e$ and Trustee Inveslmenl {S(*JUand) Act 2Crf)5 and the Charities Acc4Junts Iscouandl Regulations 2Cth. They are also responsible for safe9uardfftg Ihe assets ol the dlity and hence for tsking reasonable steps for Ihe weventim and dete¢ts"on offraud and other irregularities. Auditor In accordance with the cyMpanls artides. a Te%Jluiion pwM)sing that (Audit) Limited be reappointed as auditor ofthe ry)mpany will be put at a General Meetiig. Di¥closure of Inforni•tion to •uditor Each of the trustees has confivmed thal there is no information of whith they are aware which Is relevant to the audit, but of which the auditor is unaware. They have fvrther o)nfimed that they have taken appropriate steps lo identify rdevant information and to e5tabfish that the dJitOr 15 aware of suth inforn)ation. The trustees. report was approved by the Board ofTrustee5. N Doncast¢r Trustee 11 May 2026
DooJsiw Ethlcpe D." 89DA120E460N29M12E.EFF3Dq66P THE NATIONAL STADIUM SPORTS MEDICINE CENTRE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE Opinion Wè have audited the firtan¢ial statements of The NalK)nal Sladium Sports Medicine cent (the 'carrty') for the year ended 31 December 2025 which comprise the slalement of ffinanoal athvibes, the balan( sheet, the slalement of cash flows and notes to the financial ststemenls. inchJ¢Jng ggnificant acry)unknng policies. The fin¥nu•l reporting framewoth that ha5 been applied in Iheir prepafab.on 1$ appltAt law and UnKted Kingdom Accounting Standards. includiThJ Finanual Repoth'ng Standard 102 The Finanual Reporting Standard appli¢abl8 in the UK and RepublK ollreland (United Kingdom GwRraltyAttepted Accounting Practice). In our opinton. th& ffinarKial ststemerrts: give a true and fair wew of the slate ol the charifable npanS affairs as at 31 Decembèr 2025 and of 115 incomtng $¢urceS and applicatsort ol resour¢es. inc&Jdrng ts rn¢¢the and expenditure, for the year then ended; have been wopedy prepared in ¥¢Ctsdan with United lQngdtyn Gereralty Apted Accounting Praetiee., and have been prepared in accordance the requirements of the Companie5 Act 2(K)6, Ihe Charities and Twsleè Investrrtent Iscouand) Act 2005 antj reguLat¥)n 8 of thè Chariiies A¢lFnts {Sco11andl Regulations 26. Bas1$ for oplnlon We eorhduded our audil in aco)rdarKe wth International Standards on Audn9 {UK) OSA$ {UK)l and applicable law. Our responsibilitS under those standards are fttrther described in the Auditors SponSibsli&S for the oudit off the ffnancial slalefflenls sedion of our port. We are rndependenf ol the tharity in accordance wtth the ethical requirements that are relevant to our audit of the financ stateffnts in the UK widuding the FRC'S Ethical Standard, and we have fulfiled our other ethical responsiNities in aGrdance with these requifements. We believe that Ihe audit ewdence we have obtsined is Suent and appropriate to prov7de a bays for our opmion. Conclusions relating to going concern In auditing the finanaal statefflenls. we have lded that the tNstee5' use of the goirvj eoncem basi$ of ac£tsunting in the kyepafalion ofthe financial statements 1$ awopriate. Based on the work we have performed. we have not KJentif*d any material uncertainties relalit)g to events or ¢onditions that, indivKlualty or collectNÈty, may cast signtficant doubt on the charity's ability tts continue as a going concem for a period of at Jeast ts¥ee months from t•then Ihe financial statemenls arè aLrthorised for i$$uè. Our respJn$ibilib"8s and thè responsibilths of the Iwste•s w¢th Aspect to going ¢crtem I described in t relevant s•ctions of Ihis report. Other Information The other infomiation comprises the inlomiation induded in the annual report other than the finan¢ial statemen15 d our audrtorf5 Port thereon. The trustees are responsible for the other information contained wiihin the annual rw¥t. Our opinion on the fanal slatements does not cover the other informatign and. except lo the exient otherwise explicilly stated in our repcKi. we do not express any forni of assurance condusion thereon. Our responsibilty 15 to read the Other informalion and, in doing so. con5hler whether Ihe other information is malerially Inconsistènt with the finanaal statements of our knowkdge obtained in the course ofthe audit, or otherwise appears to be malerialty misstated. If we identify such rnaterial inconsistenryes or apparenl malerial misstatements, we are uired lo detemiine whèther this 9ives rise to a material misstaiement in the finanryal statements themselves. If, based on the work we have performed. we ojndude that there is a material misstatement of this other infomation. we are required lo wport that la. We have t)thIng to rewt tlis regard.
DocJJslgn ED¥ehJpE ID: 69QA12oEG8gK8l2E2DI8GBr THE NATIONAL STADIUM SPORTS MEDICINE CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OFTHE NATIONAL STADIUM SPORTS MEDICINE CENTRE Oplnlons on other matters prescrfbed by the Companles Act 2006 In our opinion, based on the work undertaken in the COUT5e of our audrt". the infomation gIn in the trustees, report for the finanoal for the financial $tmenl$ are pared, whi¢h indudes the dire¢th' port prepared for the purposes of company law. 1$ ¢onsistertl wtth th¢ finanaal slatements," and the directors. report induded the tru5tees' rem has t)een prepared in aoxrdance with applicable legal requiremerrts. Matters on which we are required to report by exception In the light of the knovAedge and understsnding of the ¢harity its enMent obtsined in the course of the audit, we have not Nlentsfied matèiial misstatemènts in the directofs. report induded within the tmstee$' report. We have nothing to rekX)rt in respect of Ihe Idlowing malters in ln to vdhrch the Comwies Ad 2C(kS and the ChariliesA¢counts IScotlant1} Regulab"ons 20C6 requires us to report to you rf. in our opinkon". proper accounting records he not been kept. or retums adequate for ow audii have not been received from branches nol MsNed by us.. or thè financial statements arè not in agreement the accounb.ng records and relums." or certain disdosures of Iruslees, rernuneraljon specified by law are not made: or we have not rec8ived 311 Ihe in1matIon and explanations we require for our audit". or the trustees were not entived its prepare thè finaneAal statèmtnts in atctsrdaneè wrth the small mpanieS Tegirne and take advantsge of the small companies. exempkn.ons in prepam9 the tw$lees' rekX)rt and from the requirement to prewè a Stra4¢ rewt. R•sponslbllltles of Irust••s AS explained more fulty in the statement of Iw$tees' responsilM"lths. Ihe trustees. who are also the dire¢Aor5 of Ihe ¢harity for the purpose of Conpany L. arè fesponsitrAe f the wepa(ab"on of the financial statèments and for b?ing satisfièd that they give a true and fair view. and for such ternal control as the tnjstees detemine is nècessary to enable the preparation ol financial statements that are free from malersal misstatement, whether due to fraud or error. In preparing the financial stalements. the truslees are re$sIble for assessing the charity's abik'ly to continue as a going concem. di5dosin9. as applicable. matters related to going concem and using the going Concern basis of #¢¢ounting unless the trustees eilher intend to I•iuhlalè Ihe Charitab company or to cease operation$, or have al$ti¢ allemabve but to do so. Audltorfs rnspons1bll1•s for thè audit olthe financial statements We have been appointed as audilor under section 4411){cl of the Chaiils and Trustee Investment (knlland} Act 2005 and under the Companies Act 2006 and lert in accordan with Ihe Act5 and relevant regulalions made or having effect Ihereunder. Our objectives are to obtwn reastsnabte assuran¢e about whelher the fmarKial ststemenls as a whole are free from material misstatement. whether due lo fraud or error. and lo issuè an oudittirfs report that indudes our opinK)n. Reasonable assurance 15 a high level of as5LJran¢e bul is not a 9uaranlee that an audit conducted in accordance with ISAS (UK) will aayS delect 8 mateiial Mis•teMent whèn rt exists. Misstatements can arise from fraud or effor and are considered material rf, indiwdually or in the aggregate. Ihey could reasonably be expected lo snfluence the e¢onomi¢ derys•)ns of users taken on the ba$is of these finantial siatements. Misslalements can aiise frcrfn fravd or error and are consKlered material rf. individualty or in aggregate. IW could reasonabty be expected to inlluence the ectyKAnt¢ decisions of usets taken on Ihe ba$ of these finarK4al 51alement5. Irregularities, induding frwd, are instsnces of n<XKCthlan¢e wilh Iwws and regUb"on$. We design procedures in line with our responsibilities. outlined above, lo dele¢l material mi55tatemenls in respect of irregularities, induding fraud. The specific procedures for this engagement and the extent to t*thich these ale o)nsidered capable of delecling irregularities, induding fraud is detailed below.
r)uJ5qn Erntlope ID.. 69DA120E468D429A412E.EFF3D466 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE Exientlo which the audit was considered capable of detrcting irregularities including fraud We idenlrfy and assèss the risks of mÈrial misstatemenl of the finanual statemènts. whether due lo fraud or error. and then design and perfomi audrt procedures iesponse to Ilw risks. Iruding obtaining autht ei&rydence Ihal 15 Sufflent and appropriate to provide a basis for our OkMnKJn. In identifying and awsrj Ihe risks ty mal¢ftal misstatemenls in resre¢t of Yre9ularJti¢$. irKludirrfJ fraud and non- omplian¢e laws and re9ulation$ we considered the fdlowfftg: The nature of Ihe charity, ihe enwronment in whith it operates and the controt procedu$ implemenled by management and the trustees.. and OUT enquiri¢$ of management arKI Iwst¢e$ about their thlifirab.on aTrJ a55essment of the risks of irwularitiè$. Based on our understanding ol the o)mpany and the industy we tdentified that the principal risks of non-¢omplian¢ with laws and regulations related to. txrt were not lirnrted to.. . Regulations and le9isiab.on partinent to the chariW$ operatKYs. We considered the ex1ent to whth norFcomplianGe might have a maleriaj impact on the finanoal statements. We also considered Ihose laws and regylations wthich have a impa<a on Ihe preparatn of the financial ststements, such as the Companies Acl 21K6, the Charities and Trustee Investment {Scotlandl Act 2005. and the Charities Accounts {scOand) Regulations 2006. We evaluated marHgemeni and trustees. in¢ents"ve$ and opportunitie5 for fraudulent Manipall0 of Ihe financial statements (Induding the risk of management override of controisl, and dètemiined that the principal risks were related lo: Postsng inappropriateTrJumal entries Our pvocedures to respond to the risks kjentified inchjded Ihe floW9.. Gainin9 an understanding of Ihe k9al regUlatY frnew appkable to the charity and the sector in which it operates,. Rev¢ewing finanThal statement disd05ure5 and lesiing to SUPFxiing dwjmenlation to assess ¢ompliance th prowsion$ of rdevant laws and wulat•)ns de51yed 8$ ha¥ryng a dire¢t effect on the financial statements., Enquiring of Management and trustees concemirwJ actual and potential litigation and Clair.. and Reading minute$ of meetirrfJs ofthose tharged with govemance. In addiessing Ihe risk of fraud as a result of management override of controls. we tested the appropriatene55 of joumal entries and other adjustments.. assessng whether Ihe judgements made in making accounting estimes are indicative of a potential bias.. and. evaluating busines5 rationak of any svJnffjcanl transact)ns that are unusual or oulside Ihe nomal coursè of twsiness. suub"nised the ioumals lisb"n9 for the folowing.. Duplicate ioumal entries.. Journ81$ pxjsted by unauihorised users: and Joumals with detail which induded key phrases cKwords. We also communicated levant bjentified laws and regulabons and potential fraud risks to all Èngagèmènt team members, and remained dert lo any indications of fraud or non-ccmnpliance with law5 and regvlations throughout audit. Because of the inherent limitations of an audit. ihere is a risk that we will not detect an iffegularits"es, induding those leading to a rnalerial misstatement ID the finanaal ststements or norKornpliarKe with regulation. This risk increases Ihe mofe that Compliar a law or wulation is remove(l from the events and transactions reflected in Ihe finaniial statements. as we wil be less likety to becorne aware of instances of non-compliance. The wisk is also greater regarding irwularities c(curring due to fraud ralher than error. as fiaud involves irbtsntional ncèalment. forgery. collusion. Omison or MISpresentI0n.
Do¢JA%w En¥elop¢10.. 69DA120E-e69M12EFF2Dq66 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE A fvrlher dewpb.on of our responsibilrties i% aJilablè on the Finanoal Rew1ing CounoT$ websile .' httpsjl www.trc.or9.uk1auditor¢sp(Slb1kn1s. This desupt)n fomis part of{ audrtorfs l>Yt. Use of our rnport This pOrt is made $olety lo the chaiitable companrfs members. as a body. in a¢ts)rdan¢e wth Chapter 3 of Part 16 of the Companies Act 2006. and to the Charitable company's trustees. as a body. in accordance with Regulation 10 of the Charities Accoutts {Scotlandl Re9ulations 20(. Chjr audil work has been undèrtaken so that we might stale to the ¢haritable company's members and trustees those matters we are required lo stale to them in an aLtditor's report and for no other purpose. To the fullest extent pemiitted by I, we do not accept or assume responsibility lo anyone other than the charitable company, the charitable company's members as a body and the charitable CoMpanS trustees as a body. for ow audrt work. for this report. cff for the opinins we have formed. 91oMdlr. bs (I.&".¥) L.-..l*X AEl014D$_. Alexander Hogg CA (Senior StstsrtoryAuditor) For and on behalf of Wbg (Audit) Limited. ststUt Audit 168 Bath Streel Glasgow G2 4TP 11 May 2026 g {Audrtl Llnrtèd is eri9 to a(a as an audrtor under sedion 1212 of the Companiès Act 2006. 10-
DocJJsiyn Enlcpe ID.. 6gDAl20E8L¥a2l2EFF3D466tF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 310ECEMBER 2025 Unrestrictéd Unrnstrict•d fvnds funds 2025 2024 Notes Income and endowmts from: Charitable actiwties other tr8dirwJ •th"vth"ès Investments Other in¢om¢ 1.423.099 18,002 1,299.994 15,746 6,451 1.325 Trfal Income 1.448.669 1.323,S16 Expenditure on: Raising lunds Charitable adiw.ties 22.LlJ7 1.376.625 31.567 1.320,423 Total expenditwe 1.398.632 1.351.9X) Net Iome1{+Xp•nd1tu1t) •nd mov8mènt in funds 50.037 {28.474) Reconciliation of funds= Fund balan¢S at 1 January 2025 425.147 453.621 Fund balan¢¢s •t 31 D•eember 2025 475,184 425,147 The statement of financial acttwlits *KdeS an nS and losses r•cognised in the year. Al in¢ome and expenditure deiivè from continuing acts'vities. 11
DocJJslgn EI¢ve ID.. WAl20E882w12EFF3DI THE NATIONAL STADIUM SPORTS MEDICINE CENTRE BALANCE SHEET ASAT31 DECEMBER 2025 202S 2024 Notes Flx•d ass•ts Tangible assets 14 140.453 170.533 Current assets Debtors Investments Ca$h at bank and in hand 16 17 80.210 150,000 301.792 200.CKXI 281,577 S30.241 532.002 CredIto. amounts falling the t*lthln ' on• y•ar {195.510} (277.3881 Nel current assets 334.731 254.614 Total &88ets Curvent liabilit•es 475.184 425,147 The funds of the charity Unrestricteil funds 21 475.184 425.147 475.184 425,147 The financial statements apwoved by the tmstees on 11 May 2026 N Ooncaster Trustee 12-
Emlcfe Kl.. 69DAl20E4G2l2EF14668LF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Cash flow¥ from operating aclivilies Cash generated froml(absc¢o8d by) operations 24 44.286 {17.1151 Investin9 actSvllies Purd)ase of langibte fixed assets Proceeds frorn disp3[ of tangible frAed assets Proceeds from disposal of inSlents Investmenl income rttyed 121.1761 16S,439) {893) {50,CJO) 6,451 Net ush in inve¥ting activilies (64.501} IS8.288) N•t cash g•nerntsd from financlng activil Net decrga$e in ¢ash and ¢ash eqyivalents 120.215) {7S.403) Cash and cash equivalents at beginring of ye 301,792 377.195 C•sh •nd cash eqvivalènts at end of y•ar 281.$77 301.792 13-
En%bpe ID.. 69oA12oEfj68Dl2E-EFFaD4wI THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ountlng poli¢i•s Charfty Inforn)ation The National Stadium Sports Mediune Centre is a ale cjynpany knited by guarantee inlworated in Scotland. The registered office is Harnpden Park. Glas9. G42 9ED. 1.1 Basi5 of preparation The finanual statements have been preparèd in accordan with the charivs goveming do¢umenl. the Companies Act 2006 thè Charittès aftd Trustee Investment Iscodandl Act 2C()5, the Charities A¢¢ournts (Scotlandl Regulations 2LKJ6, FRS 102 7he Finanaal Reporting Stsndafd applicable in the UK and Republi¢ of Ireland" and the Charities SORP -AcccwJnting and Reporting by Charities.. Statement of Re¢(xnmended Practice applicable to charities preparirrfJ their accJunts in acc4Jrdance the Finawal Reporbng Standard aWicable in the UK and RepUbr of IreLand IFRS 102)". The tharity is a PublK Benefit Enlity as defined by FRS 102. The finan¢ieJ statements are prepared sterfing. is the fidiOnal C[1¢neY of the charity. Monetary amounts in these finanaal statements are rowded to the nearest £. The finan¢ial ststemenls have been prepared under the hi¥lorrral ¢o$l COnntiOn. The principal ac£ounting licies adopted are set out below. 1.2 Going concem Al the lime of approwng tre ffinanoal ststemènts, th• Intstees havt a reas¢)nable txpedation that the charity has adequate rèsources to conb.nuè in ¢¥)efalKJnal exIstere for ihe foreseeable future. Thus Ihe Iruslees continue to adopt the go9 concern basis of accounting in prepamg the fanc4a1 stalements. 1.3 Charitsble funds Unrestricted Nicorrte ftjnds comwse those fimds which the trustees are free to use for any purpose in fvrtherance of the charitable objects. Unrestrided lunds indLth desKJnated funds where the Iru5tees. at their disryetion, have ¢reated fund$ lor $peofi¢ wrposes. Rèstricted fund5 are SLknie¢t to $peafic conditrons by donors or ganlots as to hcw they may be used. The purposes and USÈS of the rèstrided funds a set out in the notes to Ihe financial statements. 1A In¢om• Income is reco9nised when the charity is legal entrtled to it after any perfom)ance condibons have been met, the amounts can be meagjred reliabty. and it is probable that IrMe will be received. Cash iionalions a WegniSell on receipl. Other donaiK)ns are regnIsed orKe the charity has been notified of the donation. unless performaw cond"¢)$ require deferral of thè amount. In¢ome tax recoverable in lalion to donatior received under Gfft Aid or deed$ of ¢ovenanl is re¢o9rMsed at the time oflhe donation. Income from gov8mment and other grants. whether 'Gawtsf or 'reNEnue' gts. is recA)gnised when thè ¢harity has entitlement to the funds. any performance conditnS attached to the grants have been met, it is probable that the ino)me wll be TeceNed and the amount can be measured reliatrAy and is not deferred. Income received in advarK ol a of a speufied serbi12 is deferred unlil the crileria for inc4)me recognition a met. Interest on fLmds held on depostt ¥s induded when recervable and the amotmt can be measwed liablY by the charity; thi$ 1$ normally Lyon rtificatiOrt ofthe interest paid or pay by the bank 14-
DotAJSWW Ethekpe ID.. 69DAl2CE468D42w812EFF3o1668l THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accwnting policies IContinu•d} Exp•ndIrè Expenditure is recognised (fflce there is a Wl ( constnJctiNE obfigation lo transfer economrc beneffit to a third party. il is prtsbable thal a transfer of beneffts wfil be required in setuement. and Ihe amount of the obligation can bè measured reliabty. Expenditure is classffied by acliwty. The costs of each actNrty are made up of the total of drred c0515 and shared o)sls. induding support costs invofved in undertaking each activty. Direct costs attributable lo a single acliwty are allocated diredty to that a(vty. Shared rnsts which contribute to more than one acbvity and support ¢osts which are nol albulab1tt to a single are apForlioned between those activities on a basis InSistent wrth Ihè use of sOUrces. Centra staff costs are alwttd on the basis of time spent. and depreuation charges are allocated on the ports'on of the assel's use. Costs of iai&ng funds cg)mpri5e the ¢o$ts of matth fees ar their a$s¢ciated support costs: Expendilure on charilaiAe a¢b"wtS inclLtdes employment costs. professional fees, rent. heat. light and other property charges, insurance. deaning, repairs and mainlenan. depreciation, fatylrty hirelcalerrn9. travel. general office costs. staff training. supph.es and other acbvitses undertaken to fvrthèr Ihe purposes of the charity and their a55QCiated 5UPPOrt costs," lThecover8bte VAT És charged a5 a cosl apnst the a1¥ty the expenditure is c#jrred. Allocatlon of support and governance eosts Support costs have been alk)cated betsen govemance costs and other support eos15. Govemance cost5 comprise all c¥)51s invoknng the publK accountabilty of Ihe charity and its compliance with regulation and good prath". These costs indude rx)sts realted to ststutory audit #nd legal fees together wilh an apporbonment ofovert)ead and support cosls. Governance and support costs related to chaiilatle acts¥itss been apportioned based on the time spend on each acliwty. 1ts Tangible fixed assets Tangible red assets are measwJ at cost and subsequenlly measured at o)$1 or valuation. net of deprerialion arKI impaiThnent10sses. AJ assets t4)1n9 more than £250 are capitalised. Depreciation is re91se so as lo lIe off the t1 or vual)n of assets less their residual vahjes over the U5elul liv&s on Ihe folbwry bases.. Tenanl improvernents Fixlures and frtbngs Cornputef Equipment Medi1 equipment 10% straight Ie 20% straight line 25% stsai9ht line 12.5% straight Sr The gain or loss arising on the thsposal of an asset is determined as ihe dfftwence betsveen the sate proceeds arK1 the carrying value of the asséL and is recognised in Ihe statement of fmancial 1.7 Impalrment ol fixed 35sets At each reporting er date. the thaiity reewS the carrying amounts of its tangible assets lo deierminè whether ther¢ is any indication that tho$e assets have suffered an impaimienl loss. If any such indication exists, the recoverablg amolwrt of the asset is eslwnatsd in order to deteryThne the extwrt of Ihe wnpa1ent loss (rf any). 15-
Dowwgn En¥dope ID.. 6Al2(E66tY829A4l2E-EFF3OIe6 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici•s Icontinuèdl 1.8 Cash and cash ¢quival•nts Cash and ¢ash equivalents indude cash in hand, deposits held at cal with banks. other short-teTm liquid investmenis with original maturiti.es of three months or ss. a1 bank overdrafts. Bank oiMdrnft$ 8ffj sh<FHn within borrowngs in currant liabilities. 1.9 Financial instrurnents The ¢h8rity has elected to apply the provisions of Secli¢)n 11 '8asi¢ Finanoal Instruments, and Section 12 'Other Financial InstrLments Issue5. of FRS 102 to all of its fmancial instwments. FFnancial instwments are ¢gnISed in Ihe tharW$ balance strt when the charity becomes party lo the eontractual provisKJns of the instrumtnt. Financial assets and liabilsbes are offset, wilh the net amounts presented in the financ•al statement$, when there is a legalty enforCeae right lo set off the reo)gnised amounts and there is an intention to settle on a net basis or to alIse the asset and setde the lbil simthneou. Basie finanelalassets Basic finanaal assets. which indude debtors and cash and bank balans, are initially ffleasured at transaction price induding transac1 costs and are subseqventty carried al amorb'sed cosl using the effeclive interest method unless the arrangement constrtutes a ffinancing transaction. where the transaction is measured at Ihe present value of the future reip1S dI$Unted at a mathet rate of interest. Finanryal asset5 dassified as receivable wilhin one year are r•)t amoitised. Basic finan¢ialliabiliti•s Basic financial lsabilth"es, induding credrtors and bank loans are initkaNy recognised at Iransadion price unless the arrangemenl constitutes a ffinaring traldiOn. where the debt instrument is measured at the present value of the future payments discounted at a maJket rale of interest. FInaal abl1•S dassifi•d as payable within one year are nol arnts5ed. Debt instrvments are sithequentty ¢arried at cosl. the effective interest rale metFhxl. Trade creditor5 are oblrgations to pay for gcM)ds or serwces that have been acqvired in the ordinary course of operations from suppliers. Amounts payab are dassified as current liabililies rf payment is due wthin one year or less. If not, they are presented as non-current liabilitEs. Trade ¢xedrtors are recognised initialty at tran5adion price and subsequentty measured at arn¢yti5ed ts)st using the effe¢twe interest method. De¢091¢i0n of fjnanclalllabllitR5 Financial liabilities are derecognised when the d11$ contra1 obligations expirÈ or arè thstharged or Canled. 1.10 Taxat5on Thè ctsmpany Is a charitable company wilhin the meaning of Sectton 467 of Ihe Corporation Tax Act 2010. Accordingly, the company is potentially exempl from tsxats.on in respect of incorne or capital gains received within ¢alegors covered by Chapter 3 of Part 11 of kne Tax Act 2010 and section 256 of the Taxalion of Char9eable Gains Ad 1992 to the extènt Ihat $uch in¢ome or gain$ •re applied for tharilable purposes Mly. 16-
En¥dcw .. 69DA120E468D-829A412E-EFF3t)166 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Aceountlng polScles {Conllnuedl 1.11 Employee benefits The costs of short-temi employee beneffts ¥ reojgnised as a liabrfty aThJ an eynse, unless tlh)s• o)sts a required lo be reco9nised a5 part ofthe $t of od( or fixgj assets. The ¢ost of any unused hdiday tlement is reo)grMsed in the li whicti the employee's service5 are Temination beneffts art recogni5ed immediatety as an expense when the tharity is demonstrabty committed to teminale the employment of arb emplo or to provide termnatton beneffts. 1.12 Rdirèmenl ben•ffts Payment5 to defird contribution retirement benefrt schemes #o dwrged as art expense as they fall due. Crftlcal accounting estimatss and judgements In the app.¢4"0ft of the tharws actounb.ng por1&$. the trustee5 are required to make judgements, estimates and assumptions about the carrying amwnt of assets and habdths that are not readity apparent from other sources. The estimates and associated assurnplions are based on historical erInCe and other factors that are consKlered to be rdèvant. Actual resu$ may drffer from these estimates. Th• estimates and UnderIn9 assumpt5 are reviewed on an ongoing ba$r$. Re$¢n$ lo o¢eounting estimates are recognhsÈd in the period in which the esbmate is revised where the rewsic41 affects only that period. 01 in period of Ihe rÈvisbtin and future FW"ods whèrè thè tslOn affeds both cuirenl and fijture pèriods. Critical judgemtnts Lease Classification Detem)inats"on of whether leases entered into by the ¢harity either as a lessor or a lessee a operating or finance leases. These deasions depend on assessmert of whether the risks and rewards of ownership have transferred. Impalmi•nt Where there are indi¢ator5 of wnpairmgnt of the tharity's intangitle awts and investments. Factors taken into ¢onsid8ration in reaching su¢h a decisi thè iryability and e¥pe¢Eed futuo financial perfornian of the asset DeprecSallon of fixèd assets fixed assets are depreciated over the useful life of the asset. The useful lives of fixed as$trt$ are bas on the knowledge ol senior m¥nagement, refrrence lo assets expected life wde. Allocation of •xp•nditur• b•tw•en activities Support costs are allocated beeen dritae actmbes govem•n¢e based on the time spent by senior manzgement on undertakn"n9 the tha11$ actMis. 17-
D$W3n En¥eW ID.. 69DAl2CE46804ul2E-EFF304s6 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from charltabh athil*s Sports Education Medicine Incomt 2025 2025 Health & Support in Fitness Sport 2025 2025 Total Total 2025 2024 Income from aritable actimbes 1,081,876 168,876 126,092 46.255 1.423,099 1.299,994 Analys1$ by fund Unrestricted funds 1.081.876 168.876 126.092 46.255 1.423.099 1,299.994 Prèvlous yèar. Spots Educallon H•alth & Support in lèdicrne Income Fltness Sport 2024 2024 2024 2024 Totsl 2024 Income from ¢halilab aGIMIi 981.988 182.372 71.704 63,930 1.299.994 Ana19 by fund Unrestricted fuThJ$ 981.988 182.372 71,704 63.930 1.299,994 Income from other trading •ctivilies UnrÈ$tsl¢ted Unrestrlctsd funds ld$ 2025 2024 Match fees 18.or2 15,746 In¢ome from inve¥trn¢nts Unrestricted Unrestricted funds funds 2025 2024 Interest receNable 6,451 18-
th)vJslgn En%tknpe10.. 69DAl20E4tN829AIzE-EFFJO66CF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2025 Other in¢ome Unrnstricted Unrestricted fvnds nds 2025 2Q24 Net gain on disposal of taryible fixed assets Other income 325 1.000 1.325 Expend5ture on rdlslng funds Ufftrestri¢ted Unrestricted lunds funds 2025 2024 Fundralslng and publieity Seeking donalions, grants arKI legaryes Support costs 201 20,273 18.487 18.709 20.474 Trading costs Other trading acbvil 11,093 Tot81 ¢0s1s 22,CiJ7 31.567 19-
Do¢usvan En¥elcpe FD.. 69DA12(E*68N2w12EF30166 THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 EXnditur& on charltsbk actlvltl•s Spoits Edueatlon Hulth & Support In IAedicine Incomè Fithess Sport 2025 2025 2025 2025 TotAI 2025 Direct costs Professional Fe¢$ Facality Hirelcatefing Travel PR advertising & marketing Training Supplies Other 121.477 5.430 1.837 18.771 63.752 1.140 2.353 38.278 229,507 7,890 7,220 18,771 16,368 33,297 19.412 1.320 3.030 13.6 12,995 10.859 18.978 1.324 177.814 8.644 104.699 41.308 332,465 Share of support and gov•manc• costs {see note 9) Support 81.e61 Govemance 5,698 63.585 72.899 592 18.837 1,036.982 7.178 1.(65.173 73.117 178,1 60.145 1,376.625 Analysis by lund unStriCted funds 1.(65,173 73.117 178,1 60.145 1,376.625 Previous year. Spots Educatlon Medicine In¢omp 2024 2024 Health & Support In Fitne55 Sport 2024 2024 Total 2024 rect costs Profe55ional Fees FacAlity Hirelcalering Travel PR advertIng & mafketing Training SupF4i85 other 39.650 49.554 130.003 7.109 7,419 33.12 15,031 24.933 8,998 5.114 192 2.235 33.12 2.931 16.616 7.626 12,10) 327 1,372 107.134 2.479 64.382 52.560 226,555 Share of support and govoman¢e Costs note 9) Supp1 920.563 Govemance 5.147 77.5SS 535 20.502 1.087.384 6,484 1.032.844 72.045 142.472 73,C1S2 1.320,423 Analysls by lund Unrestricted funds 1.032,844 72,045 142.472 73,C62 1.320,423
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support eosts •lloeted to aetivibes Fundrablng Sports Mediclne 2Q25 Total Total 202S 2025 2024 Staff costs Depre¢iation Operating lease Charges Hèat, light & propeity charges Insuran¢e CleanirrfJ Repair & maintènai)ce Travèl General office General expenses Accountaney fees Professional fees Goveman¢e 10.792 2.562 830,789 49.587 31.360 841,581 52.149 32,( 31,108 7.258 10,158 17.389 693 22,733 35,767 4,633 888.631 41.312 32.000 30.808 7.287 12.716 21.106 459 19.850 45.131 5,428 2.929 6,685 622 145 203 7,113 17.041 675 21,596 33.979 4.401 18 1.137 1.788 232 7.178 18.709 1.044.160 1.LK2,869 1.114,342 10 Net movement in fvnds 2025 2024 The net movement in fijnds is stated after charg'ngl(creditmgl: Fees payable for the audrt of thè thariV$ finantia staterrwts Depcla.n of owned tsNJitAe fixed assets Lossl<profitl on disposal of tangible fixed assets opèrats.ng least charges 7.400 51.256 893 32.000 6.685 41.312 1325) 32,000 11 . Tvusts•s None of the Irustees {or Y ptrsons conrded wilh trwn) any renwThration or benefits from the tharity during thè year. 12 Employees Th? average fflonthly rwjmber of emphy•es dufing the yearaS.. 2025 Ilumber 2024 Number 20 24 21-
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Employ¢¢$ Icontlnuedl Employment costs 2025 2024 and salaries Social seewrty ¢osts Other penOn costs 718.542 88,664 34.375 757.329 74.480 56.822 841,581 888,631 The number of employee5 whose nu#l remuneration was more than £60.(K(I 1$ as follows.. 2025 Number 2024 Number £60,000- £69,999 £70,000- £79,999 £80,000- £89,999 Remuneration of y managom•nt P•rnt)nn The remuneration of key marhagernent personnel was as f(4ows.' 2025 2024 Aggregate Comp$0¢10n 210.670 260,942 13 Taxation The ¢harity is exempt from taxalion on its aclivrties because al its income is applied ts caritable purposes.
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Tanglble fixed assets ka1 E9neI •gulpmant Total Cost At 1 January 2025 Additions 88.423 6.242 16.242 124.212 10.786 291.317 21.176 At 31 December 2025 63.100 94.665 19,730 134,998 312.493 Deprnciation and impalrnwTht Al 1 January 2025 Oeprecjation charged in the year 21.726 15.228 29.4fy) 15.898 9.429 3.256 flJ.229 16.874 120,784 S1.256 At 31 De¢¢nknr 2025 45.298 12,6BS 77.103 172,040 Carrying amount At 31 Deeerrthr 2025 26.146 49.367 7.045 57.895 140.453 At 31 December 2024 40.714 58,723 7.114 63.982 170.533 1S Flnanclal instruments 2025 2024 Carrying amount of financial Jssets Instruments measured at fair vahje profft or loss 200.oc 1SO.C 16 D•btorg 2025 2024 Amounts falling due within onè yèar. Trade debtors Other debtors Prepayments and InCe 32,8 52,465 1.667 26.078 15,8C 48,664 80.210 17 Cuvrent Se¢ Investments 202S 2024 Unlisted investsnents 150.C -23-
0¢1 ECe10.. G9DA120E468N212E.EFF2DlfF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 CT•dllors: amounts falling due wilhin one year 2025 2024 Other taxation and socyal serJJrity Deferred income Trade ueditors Olher ¢reditors Accruals 22,305 94.300 17.307 39.765 21.833 19,491 115,354 18,701 110,546 15, 19 195.510 277.388 19 Deferred in¢orn 2(126 2024 Othèr dèfèrred income Y,300 115.354 Defvrrèd ineoma is induded in the financial statement$ as foltr*$: 202S 2024 Deferred inrne is in¢bJed wilhin.. Current liabilities 94.3 115,354 Movements in the year Deferred Ineomè at 1 January 2025 Released from previous periods Resources deferred in the year 115.354 {115.3541 110.033 (110.033) 11S.3S4 Deferred income at 31 December 2025 115.354 Deferred ino)me comprises funding receNed in advance. MenhIp fees paid in adva and non. refundable voucher5. 2025 2024 D¢fingd ¢•ntthulion schwnes Charge to kyofft.or loss in r¢speca ol defird schemes 34.375 56.822. The charity operates a defined ojntribution pension stheme for all qualifying empl¢>yees. The a$sets of th8 scheme are held separately from those of the charity in an Independent administered ftM)d.
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 Unv•strkted fund* The unrestricted funds of the tharity comprise Ihe unexpended balances of donations and grants whi¢h are nol subj'ect to speufic conditions ty donors and gnIorS as to how they May be vsed. These indude egnated fvI8 which have been set aside out of wrestrided fvnd$ by the trustees fw 5peafic purposes. At l January Incomlng 2025 rnsOU•s R•sourt•$ expended Trdnsf•Ys At31 December 2025 Tangible fLx8d assets General fvnds 170.533 254.614 (51,256) 1.448.669 {1.347.376} 21,180 (21,1801 140,457 334.727 425.147 1,448.669 (1.398.632} 475,184 Pr¢vious year: At 1 January IOrnIng Rèsources Transle 2024 rnsourc•s expendèd At31 December 2024 Tangible fixed a55ets Refurbishment General funds 146.781 10.(XYJ 296.840 {41.687) 65.439 Iio.(M))) 155,439) 170.533 1.323.516 (1.310.303) 254,614 4S3.621 1.323,516 (1.3S1.990) 425.147 Thè trustees ha created the followtng desvJnated funds.. Tan9ibl¢ fixed assets- repr•sentin9 the ynrèsfncled funds b.ed up in laigible fixed assets. R•furbishm•nt- lor Clinic relwtxshmenL induthng gym equipment. 22 Oper•ting leas• comrnitrnents L•ssee At the reptsrttng end date the charbty had outslanding commitments for futwe minimum Sease payments under non-cancelablè operating leases, whth lall due as follows.. 202S 2024 VlA one year Bets¥een two and five years 1,493 1,61S 3,107 3.108 4.711
Do¢u$4n En¥elcpe ID.. 69DA120E468tW9U12EFFJD466fjlF THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 23 R•latsd party transaclion$ Tr#n$•etions with rèlatèd parbès During the year the tharity entered into the fdlowing trans•clK>ns with related partie5: Th¢ Scottish Football Assotyation Limit¢d (SFA) 1$ a member of the c*arity. The tharity has two common Trustees wilh the SFA. Ouring the yèar the charrty received irKome totalling £195,58812024'. £196,984) Irom the SFA. During the yeaf the charity made purchases totalling £76,16312024.' £72.575) from the SFA. The balance owed to the SFA at the year end was £36,28712024.' £104.8201. The SFA pro¥ide the charity with pay11 admlnislrali. are the landlwd of the the main premises rented by the charity and wovide CoMY sec¥elwy seryices. The tharity has one ccrfnmon director with The Scottish Professional Football League LJ"mited. During the year the tharity rnade purchases totalling £nil 12024- £1,176) from Thè Scottish Professional Football League Limited. The balan¢e owed lo The S¢otb"sh Professional Football Leagve Lwnited al the year ¥nd was £Nil {2024. £Nil). The trustees all give freefy their time and experknse without any forn of reMUneraln or other benefit in cash or kind12024.' £NiD. Expenses paid to the ISteeS in Ihe year tolalled £Nil (2024= £NII and no expenses were waived {2024.' £Nill.
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE NOTES TO THE FINANCIAL STATEMENTS {COKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 24 Cash generatad froml(absorbed tyl op•ration¥ 2025 2024 Surpfus1{deficit} for the year 50.037 {28.474) Adjustm•nts for. Investment income reo)gnised in statement olfinarKial actrvitses Lossllg8in) on disposal ol tangibte fixed assets Oeprec4ation and impa¥ment of tangible red assets 17,5681 893 51.256 (6.4511 {3251 41,312 Movements in working eap6tal". Decreasellinuease} in debl(Ms Decrease) in creditors (Dpcrease)hnuea$¢ in J8fèrre¢l 31,546 160,824) 121.0541 (10.6381 (17.860) 5.321 Cash generatsd fronbllahorbed by) operntit) 44.286 (17.115) 2S An•tysis of changès In ntfunds The tharty had no matefial debt during ts year. -27-