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
A￿rk
L Paul
{Appoinled 1 Seplefflber
202S)
AGould
JGin
Secretary
GHal
Senior manag•ment
Katy Stwrt
Man4in9 DirectOT
co￿try 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$ign En¥thFe ID". 69DA12[E468L￿SA￿I2E.EFFaOq
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
CONTENTS
Pag•
Tru51ee5' rephxt
Ir)dependenl auditorfs report
7-10
Statement of financial acliwtres
Balance sheet
12
St•lemont of llw$
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 D￿Mber2025.
The financial statements have been wepared in ac£ordance the accounting Pol￿4eS set out ￿ note 1 to the
ffinancial stslements and cornpty with the charitys goveming ￿0￿ment 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 de4*loping pr8¢1ical pr0￿Me$ in Ihe a￿a$ of social SL¥ences includin9
t￿ physiologi(21 and psychob>¢al benefits of health, i*et 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 communit*s 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 r￿ceM$ at an early stage and
lo pfovidÈ adw¢È andlor trealmenl to SLKh indN¥Jual$ wrth a Miew to ale￿*Ing existiny health problems
andlor a￿dIng fLrture health problems:
prO￿dIn9 opporlunib"e$ for people kn leam experi¢￿e which vNJuhl othe￿i￿e not be available to
them.,
invohryng peoFAe in ccAlethe effort so bw tr*y gain COnf￿e￿ 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 I￿OUgh the u$è ol
sport and exerusÈ as a diversK)nary ttsjl to combat dwisit￿S 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.. 59DA12tE￿et￿82gm12E-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¥en￿Its 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 injeCt￿S whith bs a hybrwj behyeen steroid and hyaluronic aad.
Educatlon
The University of Glasgow teai*ir#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 inCA￿e 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 Card￿lO91$ts.
The National S orts Fi
Aid Course
2025 was another busy year for the Nal]"onal Sp￿ts First ￿ course INSFA). Thts one of only 3 ¢ourses
o¢crgdiled by Ihe Su￿Sh FAfor Cbjb Lunsing and remains FWLdar.
otti5h FAActivi
We continue lo Pro￿￿$ M￿￿1 support kn th• Scottish FA #Kluding c*thac $(ye¢ning, medtsl equiFwI, dub
h'¢en&n9, mèdicals forteams and referees, coach education. mental health support and support for Natior￿1 Teams.
Flnanclal Wiabll
The clin￿ has maintained a slatle cashllow and bank babnce thro￿hOUl 2025. 2025 saw the Clinic mak8 a wofit
of £50.038 whith was £43,000 better than b￿get. The reserve5 remain healihy.
rniin
and En
stsff and Clien
Staff ffK)rale was high in 2025 with 51able staff levels
Communication wfflh existing 8nd potenlial rte* c&ents 1$ key aThJ we have t￿un regui*r newsletters ￿ addit￿ to
ow social media conlenl.

ErNdope10.. 69DA12OE468m29A-812E￿F3oI66W￿F
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 d￿filable acbvibe5 and are dI￿ded as follows..
. SeNice Incthnè is incomè from d￿ts wlb) att&)d for physiotherapy assessment and trèalment.
. Education IrKome largely indudes ir￿xThe from the dehvery Ofsp￿ts FirstAKI rnurs¢$ by the tharity.
Health and FItr￿ is income recebved from fftness proje(as. W￿l￿d￿al 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
s￿￿luS 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 dffic￿tt to accumulate rese￿￿5. The current unrestricted funds are
£47S,184 12024.. £425,14n of which £140.453 is represented by f￿ed 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 inc*eases 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 cu￿nt 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 D￿rnbel 2025 ￿nted to £475,184 {2024.. £425.14n.
Plan$ forfuiure perlods
We ar• cOnf￿ent 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 over￿1 income.

ETh¥ek￿? ID.. 69DA12CE468O￿l2E￿FFJtj166B￿F
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
structure, govem•n¢¢ and managefft￿t
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 3￿m)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.
sU￿c￿￿Mittees 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 d￿rity 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
un1w￿ty of Glasgcmf norninee..
JGil
Unrvefyty of Strathdyde nominee..
A lfjrk
Glasgow Caledoniw UnNersity nomir*e:
LPaA
Scottish Footbal Association nominees."
N t)oncaster
A Gould
Indepèndent nominee-.
D Broadfoot
Company Secretary..
G￿1
Kty Management Pernonnel
Managing Diiaetor
K Slew•1
Head of Clini¢ seN￿s
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 En￿loPe ID". ￿A120E￿8￿2￿l￿FF3oI6G
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 Med￿1￿ 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 $uWmmittee Measu￿ the ￿rtOM)3nce of the Mana9ing Diredor again51 the wewous year's
objectives and makes the necessary recommendations to the TDJsteÈs.
The pay of the charity slaff is revI￿ed anr¥Jafy by the Trustees and any irnyease in pay 15 dependent on the
perfomiance oflhe charity 1hroL￿hout Ihe previous year and would inuease with RPI.
All Trustees give their time freely and no direcior recei¥Ed remuneration in the year. Direthrfs expense$ a￿ not
rginbursed aThJ the amounts waived ale immaterial.
othermatters
Risk Mana
ement straté
Thè Board D1￿CtorS 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¢￿$1•nI
agenda item. The key risks identrfied by ts trU￿ee$ #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
conside￿d by the Board.
Relat￿ship 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 u￿lerthe 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 ￿n9dc￿n 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 W￿￿ent

D￿$1￿ Envelope ID." 69OA12oE468D4￿A-61￿.EFF3O466
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees are responsible for keeping adequate ac£ounb"n9 rer•yds that disdose wilh reasonable aL￿racY at
any time the financAal p05tlion of the tharity and enable thern to ensure that the financial slatements compty wilh the
Companies Ad 20CE. Ihe Chariti"e$ 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 d￿lity 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 d￿JitOr 15 aware of suth inforn)ation.
The trustees. report was approved by the Board ofTrustee5.
N Doncast¢r
Trustee
11 May 2026

DooJsiw Eth*lcpe D." 89DA120E460N29M12E.EFF3Dq66￿￿P
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 'c*arrty') 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$ appl￿tAt 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 ￿npan￿S affairs as at 31 Decembèr 2025 and of 115
incomtng ￿$¢urceS and applicatsort ol resour¢es. inc&Jdrng ts rn¢¢the and expenditure, for the year then
ended;
have been wopedy prepared in ¥¢Ctsdan￿ with United lQngdtyn Gereralty A￿pted Accounting Praetiee.,
and
have been prepared in accordance the requirements of the Companie5 Act 2(K)6, Ihe Charities and
Twsleè Investrrtent Iscouand) Act 2005 antj reguLat¥)n 8 of thè Chariiies A¢￿lFnts {Sco11andl Regulations
2￿6.
Bas1$ for oplnlon
We eorhduded our audil in aco)rdarKe wth International Standards on Aud￿n9 {UK) OSA$ {UK)l and applicable
law. Our responsibilit￿S under those standards are fttrther described in the Auditors ￿SponSib￿sli&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￿￿ stateff*nts in the UK widuding the FRC'S Ethical
Standard, and we have fulfiled our other ethical responsiNities in aG￿rdance with these requifements. We believe
that Ihe audit ewdence we have obtsined is Su￿ent and appropriate to prov7de a bays for our opmion.
Conclusions relating to going concern
In auditing the finanaal statefflenls. we have ￿￿l￿ded 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¥e￿e 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 f￿an￿al 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: 69QA12oE￿G8￿gK8l2E￿2DI8GBr
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 gI￿n in the trustees, report for the finanoal ￿ for the financial $t*menl$ 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 en￿￿Ment obtsined in the course of the
audit, we have not Nlentsfied matèiial misstatemènts in the directofs. report induded within the tmstee$' report.
We have nothing to rekX)rt in respect of Ihe Idlowing malters in ￿l*￿n to vdhrch the Comwies Ad 2C(kS and the
ChariliesA¢counts IScotlant1} Regulab"ons 20C6 requires us to report to you rf. in our opinkon".
proper accounting records h￿e not been kept. or retums adequate for ow audii have not been received from
branches nol MsNed by us.. or
thè financial statements arè not in agreement the accounb.ng records and relums." or
certain disdosures of Iruslees, rernuneraljon specified by law are not made: or
we have not rec8ived 311 Ihe in1￿matIon and explanations we require for our audit". or
the trustees were not entived its prepare thè finaneAal statèmtnts in atctsrdaneè wrth the small ￿mpanieS
Tegirne and take advantsge of the small companies. exempkn.ons in prepam9 the tw$lees' rekX)rt and from the
requirement to prewè a Stra￿4¢ 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 Chaiil*s and Trustee Investment (knlland} Act
2005 and under the Companies Act 2006 and le￿rt 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 a￿ayS 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<XKCth￿lan¢e wilh Iwws and regU￿b"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 m*Èrial misstatemenl of the finanual statemènts. whether due lo fraud or error.
and then design and perfomi audrt procedures iesponse to Ilw risks. Ir￿uding obtaining autht ei&rydence Ihal 15
Suff￿lent and appropriate to provide a basis for our OkMnKJn.
In identifying and aws￿r￿j 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$.
Based on our understanding ol the o)mpany and the industy we tdentified that the principal risks of non-¢omplian¢
with laws and regulations related to. txrt were not lirnrted to..
. Regulations and le9isiab.on partinent to the chariW$ operatKY*s.
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 preparat￿n of the financial
ststements, such as the Companies Acl 21K6, the Charities and Trustee Investment {Scotlandl Act 2005. and the
Charities Accounts {scO￿and) Regulations 2006. We evaluated marHgemeni and trustees. in¢ents"ve$ and
opportunitie5 for fraudulent Manip￿all0￿ 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 f￿loW￿9..
Gainin9 an understanding of Ihe k9al regUlat￿Y fr*new￿￿ appkable to the charity and the sector in
which it operates,.
Rev¢ewing finanThal statement disd05ure5 and lesiing to SUPF*xiing dwjmenlation to assess ¢ompliance
th prowsion$ of rdevant laws and wulat•)ns de51y*ed 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 estim*es 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. Omis￿on or MIS￿presen￿tI0n.

Do¢JA%w En¥elop¢10.. 69DA120E-e6￿9M12E￿FF2Dq66
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% a*Jilablè on the Finanoal Rew1ing CounoT$ websile *.' httpsjl
www.trc.or9.uk1audito￿r¢sp(￿Slb1kn1*s. This desupt*)n fomis part of{￿ audrtorfs ￿l>Yt.
Use of our rnport
This ￿pOrt is made $olety lo the chaiitable companrfs members. as a body. in a¢ts)rdan¢e wth Chapter 3 of Part 16
of the Companies Act 2006. and to the Charitable company's trustees. as a body. in accordance with Regulation 10
of the Charities Accoutts {Scotlandl Re9ulations 20(￿. Chjr audil work has been undèrtaken so that we might stale
to the ¢haritable company's members and trustees those matters we are required lo stale to them in an aLtditor's
report and for no other purpose. To the fullest extent pemiitted by I￿, we do not accept or assume responsibility lo
anyone other than the charitable company, the charitable company's members as a body and the charitable
CoMpan￿S trustees as a body. for ow audrt work. for this report. cff for the opinins we have formed.
91oMdlr.
bs (I.&".¥) L.-..l*X
AEl0￿￿14D$_.
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 En*lcpe ID.. 6gDAl20E￿8L¥a2￿l2E￿FF3D466t￿F
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 endowm*ts 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 I￿ome1{+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 *K￿deS an ￿nS and losses r•cognised in the year. Al in¢ome and expenditure
deiivè from continuing acts'vities.
11

DocJJslgn E￿I¢ve ID.. WAl20E￿8￿￿82w12E￿FF3DI
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-

Em*lcfe Kl.. 69DAl20E4G￿2￿l2E￿F￿14668L￿F
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 disp￿3[ of tangible frAed
assets
Proceeds from disposal of in￿Sl￿ents
Investmenl income rtt￿yed
121.1761
16S,439)
{893)
{50,C*JO)
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.. 69oA12oEfj68D￿l2E-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 acc*Junts 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 fi￿diOnal 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$l COn￿ntiOn. The principal ac£ounting
licies adopted are set out below.
1.2 Going concem
Al the lime of approwng tre ffinanoal ststemènts, th• Intstees havt a reas¢)nable txpedation that the charity
has adequate rèsources to conb.nuè in ¢¥)efalKJnal exIster￿e for ihe foreseeable future. Thus Ihe Iruslees
continue to adopt the go￿9 concern basis of accounting in prepamg the f￿anc4a1 stalements.
1.3 Charitsble funds
Unrestricted Nicorrte ftjnds comwse those fimds which the trustees are free to use for any purpose in
fvrtherance of the charitable objects. Unrestrided lunds indLth desKJnated funds where the Iru5tees. at their
disryetion, have ¢reated fund$ lor $peofi¢ wrposes.
Rèstricted fund5 are SLknie¢t to $peafic conditrons by donors or ganlots as to hcw they may be used. The
purposes and USÈS of the rèstrided funds a￿ set out in the notes to Ihe financial statements.
1A In¢om•
Income is reco9nised when the charity is legal￿ entrtled to it after any perfom)ance condibons have been met,
the amounts can be meagjred reliabty. and it is probable that Ir￿Me will be received.
Cash iionalions a￿ We￿gniSell on receipl. Other donaiK)ns are re￿gnIsed orKe the charity has been notified
of the donation. unless performaw cond￿"¢￿)$ 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' g￿ts. is recA)gnised when thè
¢harity has entitlement to the funds. any performance condit￿nS 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 r￿tificatiOrt ofthe interest paid or pay￿* by the bank
14-

DotAJSWW Ethekpe ID.. 69DAl2CE468D42w812E￿FF3o1668l
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accwnting policies
IContinu•d}
Exp•ndI￿rè
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 a￿lbulab1tt to a single are apForlioned between those activities on a basis
I￿nSistent 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"wt￿S 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 a￿1¥￿ty the expenditure is ￿c#jrred.
Allocatlon of support and governance eosts
Support costs have been alk)cated bets￿en 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 r￿ed assets are measw￿J at cost and subsequenlly measured at o)$1 or valuation. net of
deprerialion arKI impaiThnent10sses. AJ assets t4)￿1n9 more than £250 are capitalised.
Depreciation is re￿91￿se￿ so as lo ￿lIe off the t￿1 or v*ual*)n of assets less their residual vahjes over the
U5elul liv&s on Ihe folbwry bases..
Tenanl improvernents
Fixlures and frtbngs
Cornputef Equipment
Medi￿1 equipment
10% straight I￿e
20% straight line
25% stsai9ht line
12.5% straight Sr
The gain or loss arising on the thsposal of an asset is determined as ihe dfftwence betsveen the sate proceeds
arK1 the carrying value of the asséL and is recognised in Ihe statement of fmancial
1.7 Impalrment ol fixed 35sets
At each reporting er￿ date. the thaiity re￿ewS the carrying amounts of its tangible assets lo deierminè
whether ther¢ is any indication that tho$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 wnpa1￿ent
loss (rf any).
15-

Dowwgn En¥dope ID.. 6￿Al2(E*66tY829A4l2E-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. a￿1 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 str*t 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$, when
there is a legalty enforCea￿e right lo set off the reo)gnised amounts and there is an intention to settle on a net
basis or to ￿alIse the asset and setde the l￿bil￿ simthneou*.
Basie finanelalassets
Basic finanaal assets. which indude debtors and cash and bank balan￿s, are initially ffleasured at
transaction price induding transac1￿￿ costs and are subseqventty carried al amorb'sed cosl using the effeclive
interest method unless the arrangement constrtutes a ffinancing transaction. where the transaction is
measured at Ihe present value of the future re￿ip1S dI$￿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 ffinar￿ing tral￿diOn. where the debt instrument is measured at the present
value of the future payments discounted at a maJket rale of interest. FIn￿aal ￿abl1￿•S dassifi•d as payable
within one year are nol arn￿ts5ed.
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￿¢09￿1¢i0n of fjnanclalllabllitR5
Financial liabilities are derecognised when the d￿11￿$ contra￿1 obligations expirÈ or arè thstharged or
Can￿led.
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 ¢alegor*s 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 ￿$t of *od( or fixgj assets.
The ¢ost of any unused hdiday ￿t￿lement is reo)grMsed in the li whicti the employee's service5 are
Temination beneffts art recogni5ed immediatety as an expense when the tharity is demonstrabty committed
to teminale the employment of arb emplo￿ or to provide termnatton beneffts.
1.12 Rdirèmenl ben•ffts
Payment5 to defir￿d contribution retirement benefrt schemes #o dwrged as art expense as they fall due.
Crftlcal accounting estimatss and judgements
In the app￿.¢4￿"0ft of the tharws actounb.ng por￿1&$. 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 e￿rI￿nCe and other factors that
are consKlered to be rdèvant. Actual resu￿$ may drffer from these estimates.
Th• estimates and UnderI￿n9 assumpt￿5 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 ￿t￿slOn 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 be￿een d￿rita￿e actmbes govem•n¢e based on the time spent by senior
manzgement on undertakn"n9 the tha11￿$ actMi*s.
17-

D￿￿$W3n En¥eW ID.. 69DAl2CE46804￿ul2E-EFF304s6
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from
charltabh athil*s
Sports Education
Medicine
Incomt
2025
2025
Health & Support in
Fitness
Sport
2025
2025
Total
Total
2025
2024
Income from
aritable actimbes
1,081,876
168,876
126,092
46.255 1.423,099
1.299,994
Analys1$ 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
Ana￿19 by fund
Unrestricted fuThJ$
981.988
182.372
71,704
63.930
1.299,994
Income from other trading •ctivilies
UnrÈ$tsl¢ted Unrestrlctsd
funds
l￿d$
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.. 69DAl20E4￿tN829A￿IzE-EFFJO￿66￿CF
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*68N2w12E￿F30166￿
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
EX￿nditur& 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
un￿StriCted 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 advertI￿ng & mafketing
Training
SupF4i85
other
39.650
49.554
130.003
7.109
7,419
33.1￿2
15,031
24.933
8,998
5.114
192
2.235
33.1￿2
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)
Supp￿1
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 •lloe*ted 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
Dep￿cla￿.￿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 conr*ded wilh trwn) any renwThration or benefits from the
tharity during thè year.
12 Employees
Th? average fflonthly rwjmber of emphy•es dufing the year￿aS..
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 pen￿On 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 c*aritable 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
E9￿￿￿ne￿I •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 InC￿e
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￿ E￿￿C￿e10.. G9DA120E468N2￿12E.EFF2Dlf￿￿F
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*$:
202S
2024
Deferred in￿rne is in¢bJed wilhin..
Current liabilities
94.3
115,354
Movements in the year
Deferred Ineomè at 1 January 2025
Released from previous periods
Resources deferred in the year
115.354
{115.3541
110.033
(110.033)
11S.3S4
Deferred income at 31 December 2025
115.354
Deferred ino)me comprises funding receNed in advance. Men￿hIp fees paid in adva￿ and non.
refundable voucher5.
2025
2024
D¢fingd ¢•ntthulion schwnes
Charge to kyofft.or loss in r¢speca ol defir￿d schemes
34.375
56.822.
The charity operates a defined ojntribution pension stheme for all qualifying empl¢>yees. The a$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 g￿nIorS as to how they May be vsed. These indude
￿e￿gnated fvI￿8 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
I￿OrnIng 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
V￿lA one year
Bets¥een two and five years
1,493
1,61S
3,107
3.108
4.711

Do¢u$4n En¥elcpe ID.. 69DA120E468tW9U12E￿FFJD466fjl￿F
THE NATIONAL STADIUM SPORTS MEDICINE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
23 R•latsd party transaclion$
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 pay1￿1 admlnislrali￿. are the landlwd of the the main premises rented by
the charity and wovide CoM￿Y 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 reMUneral￿n or other benefit in cash
or kind12024.' £NiD. Expenses paid to the I￿SteeS 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 r￿ed 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 n*tfunds
The tharty had no matefial debt during ts year.
-27-