SCOTTISH ORIENTEERING ASSOCIATION Charitv Number: SC043563 Compny NMber. SC334748 (A company limited by guarantee) Directors. R¢p)rt Fin4n¢i41 Stslements ror the yoar ended 31 Deetmber 2025
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Contents Pa%e Chair's Report Dire¢rors' Repon Independent Examiner'5 Report to ihe Directors 16 Siat¢men¢ of Financial Activities Balance Sheet Note5 to the Financial Statemenis 20
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Chair'5 Re rt from JonatbaN Mollo Follo1ng the challenges and ulrimaie success of ihe Sprini World Ortenieering Charnpionshtps in Edinburgh in 2024, an event four years in the makin 2025 M'a5 another important yeai for Scottish Orienteering as we focused on consolidatin¥ that ttlomentum and delivering against our 202P2029 strdte8y. The year demonstrated once again the 4rength and resilience of the Scottish orienieering Community. Acro8s Ihe country our clubs organised c800 events and activitie5, including 4 Scottish Orienteer¥ Lea¥ue events. 8 Scottish OrienieeTin¥ Urban Lea¥ue events. 6 Scoltish Championship races, and a wide ran¥e of local competilions and trainin opportunities. These event5 continue to provide high quality experiences for participants of all a¥e5 and abilities. while also showcasing ihe r¢mati'abl¢ ¢ommitsneni of our volunteers. A particular highlight was the successful reium of the Scottish 6 Da)'s ai Ros'al Deeside 2025. organised through the Scottish Orienteering 6-Day F.vent Compans,. The eveni aiiiacied ¢ipelI10rS from across the UK and overseas and received extremelv p0511ive feedback for both the quality of the ierraiii and ihe professioi)ali5ni of the orbTanisation. The succes5 of Royal Dee5ide 2025 provmled a strong plaiforni as we looktyl ahead io JK 2026 iji Penhshire and il)e SLotiish 6 Days in 2027. The JK is the largest annual orienteering event staged in the UK and was last held in Scotland in 2012. Despite some tyPlLal SLottish weatheT11}, the Scottish orienteering comniunity. pul on a fanlasiic event over Easter 2026 w'ith hiuh quality courses which was very posiiively received by compeiiiors. Our new siraleg), for 2025-2029 was developed follow'ing exiensive wnSUltion wilh m¢nib¢rs, clubs and volunieers. The strategy 15 built around four ihemes.. Chan¥ing PeTLeplions. Engaging ExperienLes. Lifelon¥ Paihwavs aiid Foundaliuns for SucLe55. It refleLls ihe challen¥es facitbg nol only orienteering but niany volunleer-led spiirts, ineluding demographic prcssurc5. volunieer Capacity and CesS consiraints. while also recognising rhe significant opporwnities wc havc to broadcn pani¢ipaiion and sirengihen our Community. Our professional staff. led by Chief Operaitons Ol¢er Nikki Howard. coniinued io deliver excelleni work across S¢otland. This included supportingi ¢lubs. dev¢lopiii&7 vglunieer Lraining. sirengiheninky links wilh schools and Iiniver51ti¢s. and expanding opportuniiies for newcomers and young adulLS. The oiigyoing suppori froiii sport0¢]and rcmains critical io this work and we are graieful for iheir coniinued confidence in Scoiiish Orienteerinb. The performances of Scoltish athleles during the )'ear were also extremel), encouraging. Scollish conipelilors aLhieved notable results at international level. while our Scoiiish Elite and Developinent Squad aiid Scottish Juiiior Squad LontinLied (o provide hi8h quality training and compelitioii opwrtulllties for developiiig athletes. Just a5 Iiiiporiantly. the wider partilipaiion and enthusiasm seen across all levels of the spon demonstra$ the health of our coinniunity. Financiallv, the Association finished the year in a stable and wTrsilive p051tion. with a surplus of £17.902 and healthy LinrestTlCted reserves. This Provides reassurdnce as we move into an ambitious peri(xl 'hICh include5 major events such as the JK in 2026, continued invesimeni in developmen( aciiviiy, and delivery of our strategii objeciives. As alway5, none of thi5 w'ould be wk55ible w'ithout the dedication of our voluTrtecrs. club& professional staff and Board mcmbcr5. 15Liccecdcd Richard Oxladc a5 Chair itl Scptcmbcr 2025. Richard relliaS a board attci)dcc in hi5 oiigoing role as Chair of the Sioiiish OTi¢nieeTing 6-Da}' Eveni Company. On behalf of Lhe Board. I would like to ihank everyone who coniribuies iheir time, expenise and enthusiasm io S¢oLiish OrienLeering. The sport in S¢otland continues to benefit from an excepli¢)nal community and we lo¢* forward wilh ¢onfiden¢e ro the OPPOTtyniti¢s ahead.
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Re ort for the 'edr ended 31 December 202> incor ratin the Trllstee5' Re rt The Direciors preseni iheir annual report together wilh the financial sthrements of the chariry for ihe Jear ended 31 December 2025. The Dire¢rors. %h0 are also Twsiees of the S¢ortish Orienteering Asso¢iotion for ihe purposes of Lharity law and who Served during the J'ear and up to the date of this rew)r( are set out in the Reference and Administrative Details section of this report. This annual repon and financial swements covers ihe Scollish Orienieering Aswciaiion Compgns, only. The prior year financial 5taternents w'ere con501Klated accounts w'hich comprised the Scottish Orienteerin¥ Association (SOA, the Charity, or the Cornpan>'} ad the SOA'S wholly owned subsidiary the Scottish Orienteerin¥ 6-Day Event Company Limited {S6D Col. See the F inancial R¢vi¢w' seaion for fih¢r inforniaLlOn. eetives and Aetiviii Introduction Orienteering Ithe"Sport"l is an ¢XCLting outdoor SP(1 for pwple of all ag¢s and abilitl¢5. It provides both physical and menral challenges wilh clear benefirs for healih and M'ellbeing. The aim is io navigaie beN'een checkpoinis ma'ed on a special orienieering map. There is no S rouie and so the skill and fun come from tsyuig 10 find the best way io gol It5 flexible format enables il to be relevant across a w'ide range of people and places. In Scotland ihere is a 5troThg and vibrani orienieering ¢(nMni with a irack record of staging world class event5 lincludinbi the World Championships in 2024 and ihe renom'ned S¢oiiish 6 Days eveni every 2 S'ears since 19771. Our Llubs stage over 750 even15 and activitie5 a year froni local io naiional level with recorded participalion figures ofover -1.S,000 annually. and w'e have active compelilors of all age5 (under 5s through lo over 851 aiid abilities. The Scottish Orienteering Associaiion 15 the Spons Goveming Body fororienteering in Scoiland and a Tegistered Lharily. We are responsible for ihe govemance. development and promotion ofsport in Scotlai)d. Iainly tl)ri)usyh a network ofclubs, suptK>rt of junior and senior ellie squ&l& the coordinaiion of Conipdiiions and developmeni of coaches. The SOA is one of12 Constituent asso¢ialions of the British Orienteering Federation IBOF} which niaintains the rule5 and uuidance for orienteering in the UK and is a member ofihe Internaiional Orienieering Federation. The 23 OTienteerin8 clubs in Scotland are members of IK>ih BOF aiid SOA. All Scollish orienteers are expected to become members of SOA and two thirds are members of BOF as well. Chxritable purpose and objects The Charity's charitable purp05e5 are'.- The advancemeni of publi¥ participaiion in spon: and ihe provision ofrecreaiional faciliiies. or the organisatioii of reLreatii)nal aLtivities, wilh the obje¢¢ of improving the Conditions of life for the persons for whoin the facilities or actlVLties are primarily intended. The objects as stated in the articles of association are.'_ to foster, encourage. promote and develop the Sport in all its forms and at all levels: to facilitate the development of constituent clubs and groups to provide orienteering facilitie5 and activitie5 in their local communiiie5.' to encourage the gromth of public participation in recreatK)nal fflenteerins at regional. national aT international level: and to promote outdwr learning in s¢hwls through ihe use of orienwing
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled Summary of Main Aciiviiies in relaiion ihese Objects A full list of activities can be seen in the articles of association. The main activitie5 are=_ to aci as the naiional governing trY of orienwing in scotld. to arriliate to and assist other orgaLiSaiions having objects approved by the Conipany thether in Scotland or not; to act as an advisory body on all matters appenaining io ihe Sport: to raise the profile of ihe sport through mark'eiing and sponsorship- and to control. &qnction and w'here necessary promoie television and the Inedia in all their &%pects in regard to the Sport in Scotland For the purposes of achievit)g ihe objects of the Company, generally w VanCe and safeguard ihe interesis of ihe Sport in Scotland to obtsin. colle¢t and rweiv¢ nioney and funds by way of contyibution& 5ubwriptions. affjliation f¢es. donations, legacies. awards. granis. cover)ants or by oryanising n¢1)n5 or events.. tv prtsvide opportunities for partieipants io tonipeie againsi one another if the) so wish: lo ¢ondu¢i events and compe¢iiions.' to make, vary, alter, mainrain and enforce regu105 and policies for the conirol and govemance of rhe Spon in Scoiland,. lo deliv¢r 8 progyressive spms developmeni siraiegy. io promoie or procure ihe leaching of Ihe Sw)n' and to Cowoperate wilh schools etc. in ihe promoiion of the Srt StrAte Following consultation with members. clubs and comrniiitts during 2024 the SOA developed a new strategy for 2025 to 2029. Oiir vision 1$ Ihat'orienleering is a thriving spon for all generations" We successfully weathered COVID. have mainiained a robust financial posiiion and organised a very successful Sprini World Orienteerii)gi Chan)pionships IWOC 241 in Edinbur8h in 2024 Mhich has been rcco8ni5cd as one of thc best evcr. We belicve wc havc a tl)rivin8 sport which 15 opcn lo pcoplc of all a8C5 and abililies alihough like all 5POrts wc havc 50mc challcii8es. Ii) particular we ta¢¢ demographic Changes tho1, without int¢r¥¢niion. ar¢ lik¢ly io atTKi long ierm participatioii and voluiite¢r capacity. In summary our challenge is lo susiain the sport to rthin curreni member& whilst aitTa¢iing a new generation of orienteers. To meet this challenge we have identified four strate8i¢ aims for 2025 10 2029: Changing Percepiions- Ihis re¢ognises ihe need io improve the markeiing of our sportto all non-OTienteers and raise aarents5 of the opportunit1¢5 in the 5POrt: Engaging LxperiLmces- thi5 recognises thc need to provide competitive and social experiences M'hich persuade all new¢omeTS io od(w¢ the sporL and rethin experienced orienieers,. Lifelong Pathway5- in parallel with providing Engaging Experience5 we also recogni* the need to provide struciured pathwavs for re¢reaiional orio)ieers. performanLe aihldes and io develop wolun¢eers. These are necessary to get newcomers to adopt orienteering lthev see a future sport) and for reteniion of existing orienteers (they contitlue to have opportunitie5 for progression).. Foundaiions for Success- lasily. we have io do the basics well. providing good perfomiance ai a naiional level and supporting ¥lubs wilh guidance support on an ongoing basis including equaliij, diversiiy and inclusivity.
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled The core aciiviiies to deliver on ihese aims over ihe nexi four years will include.. Chan¥in¥ Perceptions= Focussing on younger adulis io address the 2040 age gap. particularly through building partherships wilh clubs and organisations Developing initiatives to encourage faniilies and young people io take up orienteering Engaging ExperIceS Supporting clubs with high quality resources to engage local audiences. and to ensure good newwnier experiLmces Delivering top-level events such as the 6 Days mulii4ay evenL and JK 2026 Lifelollg Pathways Developing and promoiing clear pathway5 for the core groups oforienteers.. performance aihleres- recreational orienicers and volwircers Deliverillg training for the development of our yo1leerS and recreational orienteers and 5UPPOrting our perforn)ance aihlele5 Foundations for Success Supporting clubs around managing ¥¢ces5 and complian¢¢ wilh legal T¢quir¢ments e5p¢¢iJlly safeguarding Co-orduiating a balan¢¢d annual programme and ensuring high qualit}. naiional level wmpetiiions HelpinbT with the management of map 51ock w'hich is a major asset for ilie sport. In summary, orienteering has a hugc value and poieniial for communiiies and individuals in Scotland. li offers a unique Syner of menthl and physical challenge tailored for panicipants of varying age and ability.. With efteciive enbTa&Temeni and focLissed development of the e¥isiin8 club and volun*er neiwork we aim io idei)tify aiid reduce barricrs to wider participation and bring ihe benefits and full of ihe 5POrt to &5 maJi> people in Scoiland as possible. Delivery of ihis siraiesy will clearly further our Charitable objectives. This 5CCtion 5Cts out thc impact of Scottish Orienteering in 2025 by linking the strategic aims for 2025 to 2029, set out above. lo the reality of the work of our Staff and club5 across Scotland. li has en a vcry busy yearl Changing Perceptions Focu58ing on younger adults to addres5 the 2040 age gap. particularly through building partnerships Wjth clubs and organisations Developins initiative5 to encoura8¢ famili¢5 and Y8 peoplc to take up orienteering Adult Be inners Coachtn The SOA took the lead in providing a fomiat for adults (and in particular young adults) to gain the basic skills which would provide them with the ¢onfid¢n¢e to try orientee[. Tth"o adult beginner coaching day5, aimed at youn¥ adults, have been delivered this year {EAlinburgh and Aberdeen}. A qualified coach has planned and led ihe day, which progres5e5 participants from beginner level up to being able to competently complete a I'DI level course. eni To introducc the concept of oriLryiteering to youngstcr5 and suptK>rt clubs to oct familics ai)d vouno pcoplc involved the focus has rerumed io iniroducing orienieering io ¢eachers. Con¢inued CPD and inuoduaory sessions have been delivered ro exisiing ieachers across the Couniry and ai (eacher confLYences. Work has also been focussed on reaching
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled future a¢herS by encouraging further educaiion insiiwiions io in¢orpor8ie orienieering sessions inio iheir delivery programme. Sessions have been delivered io approxima1)..0O Wdinee reachers this year. PTovid a taste of orienteerin to ou Our clubs continue to take the lead in delivering orithieeriTrg to vtsung people through links with Aciive Schtsols and after School activities and with club development orricers goin¥ into sch(K)Is or youih ¥roup5 lo deliveT se5sion5. CASE STUDY.. Outdoor L arnin Challen - Edinbur This is an annual F.dinburgh Council organised eveni ihai is open to all primary. sehools across F.dinburgh. With ihanks to ESOC for continuing the relationship w'ith the OLC. Ihere wa5 a maze that around 1800 chi]dren enjoj'ed over 2 days. In feedback from pupils, orienteering 'aS mentioned repeaiedly as a favourite activity. They enjoyed the orienteering maze because they had io'sthy focussed and be fast. I"hey liked that li was 'fun and challenging, They thoughi rhe maze was'really fun" Teachers also gained ideas io take away. and said they w(Id. Use orienteering outdoors more often in their own sellin8 Adapi orienteering aeiivilies to dirrerent Surr(ndingS and spaces Link orietiteering to Midcr ouid(N)r Icaming. wildlifc aThJ lif¢ skills Overall, Ihey saw orienieering as praciical. adaptable and very ba)eficial Our second Aduli beginner Day saw 8 panicipants from local running clubs. walking clubs and the Aberdeen University OTienteeTillgY Club 518ned up for ihis session thai w'as led by MAROC IMeiMber Kalja Neuinaii. Parlieipai)ts found this session 'u5eful and exciting. said they would definitely 80 orienteering again irt the future with joining a club beinbT a possibility. OTieni¢ering was intri)duced lo 100 primary. leaching siud¢nts a¢ros$ 2 days. in preparatign for them to go on pldiement. Activities inLluded games to help iviih under51anding map& setting map5 ai)d recognising orienteering niap symbols. Participants also had the opportunity io try some real orienteering within the university campus. Peedback.. 'The 5e5sioll provided a variety of interesting and activities that I can take into schools, 'was a very good experience thai I w'ill be able io lake into mv fuwre leaming and have ¥ained more knowledge akout orienteering and hom. it helps child Engaging Experienee5 Supporting clubs wilh high qualiiy resources io engage local audi¢¢5, and ts) ensure good newcomer experiences Delivering top-level events such as the 6 Days multi41ay evenL and JK 2026
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled Delive of Events Our clubs delivered 279 local atml regional events across Scotland which are all suitab]e for anyone of any level io tak'e part Our clubs delivered 6 Scotlish Championship events. 4 Scottish Or1ener7g League. 8 Scottish Orienteering Urban League evthts, the Scottish khools and Brilish Schools Orienieering Festival and the British Night Orienteering Championships The Scottish Orienieering 6 Day Eveni took place in Royal Deeside in Jutyl August 2025 ortin Clubs We have provided regular opwrtunities for clubs io learn from each othtt such as the monthly Ctstnniunity Conversations and the Club Nelm'orking Day in the delivery of en8a¥ing expeTiei)ce5 Club ResouTLes, available through the Club Toolkil on the SOA website. provide support for the delivery of enbjaging and safe events. A new. nem'comer leaflel w&s d¢v¢k>p¢d and ¢irculaL¢d to ¢lubs ii) early 2026 'rhc Scottish 6 Day Ori¢nic¢ring Lvcni iihe 6 Da!'s} was hcld for lh¢ 25th iimc in ?025, on Royal D¢cside. Aberdeenshire. The Scoiiish 6 Days Oriener1nbTr eveni is a biennial evenL fIr held in 1977. and tskes place in a different area ofscotland each time. Five fore51 ori¢nk¢ring days in areas along Royal D¢eside and one urban sprint day in Ballaier aitract¢d approximately 2.500 compctiiors per day. Thc cveni provided a hol¥Jay festival experience where the competiiors plus their faiiiily and fricnds brinbi an enormous cconomic ix)osi io the Ial area. 20 of our clubs assis¢ed the volunicer-lcd ceiiiral orbpanisins team io deliver this event with one SOA paid employee supportiii¥ the event Iob7eiheT wilh profe5sioiial event services arhd firsi aid support. This year, Kin&Fdom of Fife Orienleers organised ihe annual Scoiiish Schools OrIenerIng Fesiival in Pit¢encrieff Park, Dunfermline. SOA helped advertise ihe eveni 10 all schools across Scoiland. ¢aking advantage of the Active Schools network as well as our contalts from previous development work. 321 pupils look pan. Lifelong PAihways Dcvclopins and promoting clear pathways for the core groups oforienteers.. performance athletes: recreational oricntccrs and volutltcers Delivering training for the development of our volunteers and recreational orienteers and sUPPOrtin8 our performance athletes Coach training I ne Lead Coach trained 1th 6 in the prv¢e55 {SQA Level 7) I I tLew' Club Coache5 traincd ISQA Levcl 51 16 new Coaching Assistants trained (l-oundation) 12 new Young Coach Assistants trained Volunteer training 16 Young Planners trained 5 Grade C and 2 Grade B controllers trained 21 tTained in First Aid 13 provided with mentor trdining Event Safety woik5hop tiaining provided Coach, Controller and Planner CPD delivered
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 Deeember 2(12S (iDcorporAting the Trllstees, Rewrtl continued Junior S u&Js Juiiior development happen5 at club. regional and Scottish level and is provided by volunteers and supported by the SOA. At national level, the Scolt15h Junior Orientttrin¥ Squad (SCOLTOSI provides a coachin¥ and developtnent programnie for young Scollish orienteers (13-181 Ih0 shoiv talent in the sport. 40 juniors get togetlier 10 train at 6 camps each year held arnd the country. At regional level, Ihere hawe been East and we area junior squads. and mosi notabl), there has been a reinvigoration of ihe North area jwiior squ1 w'hich organised the fjrst north iraining day open 10 all juniors for a number of years. There have been 15 junior regional iraining segsions thig year. Develo romoiin clear alh.a s for ihe core f orienieers VolunieeT and Participation graphics for juniors and seniors have been developed. More details cath be found on the SOA website. Foundations for Success Supporting clubs around managing access and compliance wilh legal requirements especially safeguarding Co-orduiaiing a balanced annual programme and ensuring high qualiiy naiional level competitions Helping with the management of map stk which is ¥ major awt for the sport. The SOA continues to support elubs in eonn&tion with any issues regarding aceess orienteering areas and ei)biages rebTularly with the National ALLess Forum INAFI. Forestry Land Scotla1 aiid Naiure ScoL.' RSPEJI CaiTn&?Drni National Park in connection wilh Capcriaillie access resiriciions. A query. a5 raised this }'car ivith the NAF li) rcspcct of restrictions on access due to wildlife leading lo ihe esblishmen[ of a sub group. The implementation of Ihe updoied PVG requirements has seen a signtficani increase in the workload of volunteer Club Wclfare Officers IhL5 year 5LlPPOrted by thc SOA O(ficc *.ho proce55 all PVG application5. Thc SOA ha5 enbTa8cd and providcd 8Liidancc and sUPPOrt thr(w8h regular club elfare otyicer mcelings through thc )car in respect of the changes to l¢gi51aiive requirements and in ¢onne¢tion w'ith ihe additional guidance issued by the SOA in respect of Safeguarding Children Telaling to trips. ar¢omrnodation and other maiters. in4n¢i#l Review Overview In 2025 our reported finanLial results covLY ihe SOA only. In 2024. as a resuli of woc 24. Ihe income of SOA and ¢lie S6D Co combijied was greater than £0.5m. As a result in 2024. under Scottish law. we M'ere rcquircd to prcsciit SOA consolidated accounts (thai is accounts 'hICh includcd the results of both thc SOA and the S6D Co. NNhich is a wholly owned subsidiary ol-the SOA) and ¢he 2024 accounts were wuired io be subje¢¢ io audii. w'hich provides o higher level of assurance but gives rise to a signifi¢ani addiiional ¢OSL raiher ihan independeni examination. In 2025 the cotnbined incotne of the SOA and the S6D Co was le55 than £0.5ni and therefore we were not requiTed to prepare consolidated accounts and an independent examination. raiher than then an audit, of the result5 was required. It 15 noted that fri)m 2026 the income threshold for audit and consolidated aceounts has been incr&qsed io £ Im and so it is unlikely that the SOA w'ill exceed the threshold in fvture yvdrs. For the }'ear ended 31 December ?025 SOA-S income "aS £728.9(A)12024". £274.0921 and t¥pendI[c was £211.058 12024." £302.649), giving a SUTplus of £17.9)212024 deficii of£28.5571. The surplus compTlSed £9.224 relating to unrestricted fvnds. for which staff vacancies were a significant factor. and £8.678 relaiing to restricted funds which was due to the timing of sportscoiland development spend with significant grant fi]nd8 rtreived in 2025 being spent in
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors. Report for the yt4r ended 31 December 2025 (incorpornting the Trustees. Rewrtl continued quarter 12026. The deficir in 2024 comprised a deficit on unrestricied fvnds of £5.627 relaiing ro WOC 24 and a deficit of £22,930 on restricted funds reflecting planTd reduction in Junior and Senior Squad Funds. Looking ahead, following addiiional funding fn)m ihe Scottish Governmen¢ sponscoiland has provided addiiional funding ro ihe SOA in 2026 of c£19,0(K> io supp)n core costs. The SOA Board are considering how w best uiilise these fund5. Intome and Expenditure The largest source of SOA income in 20?5 was grani funding from sw)rtscoiland of£i18,735 (2024.. £117.271 } which is primarily restricted to development of the sport. Funding from ihe SOD Co 'aS £4425012024." £64 ?04} following the successful Roval Dee5ide 2025 6 Day Eveni. SCOOs rdised £?1.835120?4.. £45.546} ii) 2025 to run their progyramme of training and conipeiiiions. Ivhich 'aS lower ihan 2024 due to ther¢ being no overseas tour in 2025. In addition. SOA tnember5hip fee5 amourhied to £15.979120?4.. £14.946). As in 2024, the largesi areas of expendiwre in 2025 were professional sthff costs of £147,34912024.. £142.3301 lollowed by ScutJOS of £20.66012024.. £55.258). In 2024 SOA also incurred expaidilure of £55.012 relating to WOC 24. Reserves and Res¢rv¢s Polic). At the end of 2025 the SOA'S total reserves amounted 10 £269.82012024.. £251.918). ofwhieh £10.1.99912024.. £95,121 I was hcld in rcs¢ri¢¢ed rcscrves lih0 funds ihai musi bc US for a specificd purpose) ai)d £165,82112024.. £156.5971 in unrcsiri¢t¢d rcs¢rv¢s. w'hich may be used for any purpose in support of ihe SOA'S objcctivcs, The largest restricted funds relate 10 51)ortseoiland £62.33112024.. £5.1.764) and ScotJOS £18.59612024'. £37.42] }. The lev¢1 of r¢s¢rv¢s in $portSLoiland resiriLicd fvnds is primaril), a mailer gf iiining) as 5POrtwoiland operaie oil an April- Mar¢h financial )'ear. meaning a quarter of ihe annual gr•Li Ic£30.0(Kll is held in SOA reserves at our year end to L¢)ver exp¢ndiiure in the folloii'ing Januar). March. SOA ha5 a forrEial reserves polic>. in place. The policy defiiie5 Available Reserves as uiireslricted reserves less Stock and fixed assets. and the Available reserve5 on this basis ii'ere £160.154 at 31 Deceniber 2025. Available reserves are required bv ihe SOA io alloiv for unforeseen matters. In particular. a sig>nifican¢ amount of SOA income is received in grants from 5POrtscotland. the receipt of which is outwiih OUT direct control. Funher the second laTgye5t source of income is grants from the S6D Co which are reliani on successful bi-annual event5 taking place. Awailable reserves are required to ensure "e have time io k.¢ appropriaie aLiion in the eweiii of ¢hese incc)me sireanis reducing or being M'ithdrawn. Su¢h 1105 are likely io be a reduliion in MalTing levels and relaied operaiions cosis. We would expect to receive appropriate notice if inc[¢ from 5PDrtSCOtland or the S6D Co wa5 not to be received. However, in particular in relation io sportsioiland. Ihis ¢annoi be guaranteed and therefore we ¢onsider our poli¢y should be set assuming minimal notice is re¢¢ived. A poli¢y ofholding o level of reserves to ¢oveT a number of months operating c05t5 (an Operation5 Re5crvtl 15 con5idtred appropriate a5 thi5 would allow u5 to pav staff and have in place appropriate facilitie5 durin8 a period of businr55 ieduction. We considei a 6 month PeTiod of opeTating costs to be appropriate, taking inio account time iieded for decision niaking and relatd actions. Operating costs in this context are defined in the policy as committed staff costs plus budgeted costs for running the SOA. Currently the Operation5 Reserve is set at £90.000. In addition we consider that funds could be required in relation to unbudoeted essential investment. for example in relation to cj'ber security. (an Asset Replacemeni Reserve). Currentl). Ihe Assei Replacemeni Reserve is Set at £5.000, giving a total financial reserve of £95,0(M). 10
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled The table below summarises the reserves posiiion.. Balance at 31 December 2025 Total Conipany reserves per the fmancial siaternents £269,820 Le5s.' restricted reserves {£103,9991 Unrestritted reserves £164J21 Less.. Fixed assets and stock per ihe financial staiernents (£5.6671 Avuilable reserves per SOA policy £160.154 Financial reserve required per SOA policy £95.(M)O Headroom of ai'ailable r¢s¢n'¢s at JI December 2025 £65.154 The hcadroom over financial reserves required is increased from c£56,IM)O in the prior year as a Tesult of ihe 2025 surplus on unresiricicd rcscrycs, albcit lower ihan thc c£75,1)00 repor in the 2023 accounts prior io ihc inipact of WOC 24. The headroom will provHle flexibilil), and Coniingency over ihe 2025 to 2029 plan period. and allow. SOA 10 budb?ei for small deficits. The reserves div$s¢d above are for ihe SOA Company. In addiiion ihe S6D Co retains reserves to allow the organisa¢ion of ¢he 6 Day eveni. The Teseryes threshokl is currenily sei ai £lOO.000. Investment powers policy 8nd perforrn&nce In aicordance with the Memorandum and Articles of Associaiion. Ihe Direrfors have considera ¢hat it is inappropriate to invest in stOLks, shares and propert), and ihai surplus funds should be held in a mixiure of ¢urrent and invesimeiit accounts lo m&xiniise interest income. maiiitain accessibility. and minimise risk. The Compan), invests in fixed term lup to l ycarl and nolicc bank dLPOSits via thc Compan), 5 Charitics Aid Foundation Charity DcrK>sit Plaiforni account. Interest earned from Ihe Company's Chariiies Aid Foundaiion CTharity Deposit Plaifomi account amounted to £8.372 in 2025 12024.. £11.039). Risk 855e55metht The t)irlor$ have overall responsibiliiv for ensuring ihai ihe ¢hariry has assessed Ihe major risks ¢0 w,hich it is exposed. in panicular 10 ihe operaiions and finan¢¢s ofthe ¢harii)'. The Direciors recognise thal the systems in place are d¢5igned to manage rather than climinate thc risk of failure to achieve the charity's objectives. In order to improve the fornial risk management proces4 the Directors annually review ihe systems in place, and have.. idetitified atid evaluated the risks on an goIng b&sis considered the types ofrisk to which the charity is exposed identified the leiel of ac¢ep¢able risk a5ses5ed the likelihood of the risks concerned materiali5ing assessed the charity's abilitv to reduce the incidenee and impaci of risks ihat do MalalIse put in place a system for moniioring and rertIng on risk and de115 ofcorrective action taken 11
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled The principal risks of the SOA are as follows.. $5 of ke>. volunteer5 Board rnembeT5'. reciuiting Director5 for iK>th the SOA and S6D Co Temain5 a challenge. In respect of the SOA there are vacancie5 for the Event Director and the SecTetary and the ierm of the Safeti. Direcwr ends at the nexi AGM. and ihe S6D Co Finance Direcknr plans io rerire in the near ierm. Finding replacements remains challenging. In addiiion, we are reliani on volunieers noi onlv ro run our Schedule of eve15 al all leve15 (include the bi-annual 6 Dav) but a150 to 5UPPOrt SOA in mana¥ing the 5POrt. The risk remaÈns thal the pool of suitable volunteers Is lirniled. and this in turn places strain on various aspects of running the sport in S¢oiiand. Addressing this risk 8 k¢i' focus of the Lifelong Pathways ihem¢ of our Straiegy. Lack of S1£1¢t experitneed tvtnt offieial$." Ihe many high-profile events recently pui on and planned for the next few }'ear5. includingr WOC in 2024. Scottish 6 Days events in 2025 and 2027. the British NibThi Championships in 2025 and ihe JK in 2026 all place a great srrain 01) a liiniLed Tx>oI of experienced 01ClaI5. Development of our w>ol of eveni oificials coTriinues to be one of our focus areas. IT security issut I loss of dAt#-. There is an ever-preseni risk of IT systems and / or dath becoming comprotnised illLludin¥ in relation to cyber aitscks. To miligaie ihis. we regularly review our IT I daia policies and processes. Ev¢nt safety 8nd 58fegu4rding issufs.. There is a risk of eveni s8f¢ry issues arisiiib particularly in relation io urban orienteeriiig, and a risk of safeguarding issues arisin¥. These risks are parlially mitiuated by learninbv from issues arising and regularly review'in8 atwj benchtnarking policies. Reduction or cornpl¢t¢ loss of srtS¢0¢14nd funding.. Currenily we receive around £120,000 per year fr()ni sport5Loiland. This risk has bLen partially niiliyaied by the development of our siraiegy coverin 2025- 2029 and the agreement of this MreBY and related longer term tsrgets wilh sportscoiland. pi The strategy of the Charity for 2025 10 2029 and the related a•Ville9 to achieve the siraie¥ic aims are set out iii the Objective% and ActLVlti¢s section of ihis report. Followiiig the successful delivery of Royal De¢side 2025 aiid JK 2026. Lipcoming major even15 include the World Masters Multi-Terrdili Bike Orleiiteerig in September 2026, and tlie Scottish 6 Day Event in Perthshire in 2027. 'tru¢ture overnanee and man tmen Scottish Orienteerin8 Association is a company limited by 8uardntee. It is re8lStered in Scotland. It IS governed by a Memorandum and Arii¢les ofAsso¢iaiion and asso¢ioied Bve-Laws. Management of ihe charity Thc Charity 15 govcrncd by the Board of Director5 Ivho meet at least four time5 per year. The Director5 of the cotnpany form the chariij Trustees. DLTeciors are elecied at the Annual Cjeneral Meeting of ihe company. They hi)Id office for.3 year% and are eligible for re-elecLion for a further 3 VVdTS after M'hich ihe). are noi eligible for re-eleeiion for l year. The iompvbition of the Board is monitored on a regular ba515 to ensure that the member5 of the Bvard have the necessary bkills and expertise required to govtm the Charit).. A budget 15 Set annuall) in adv)Ce and submitted to the Directors fur approval. The day to day running of the Charity 15 conducted by w)fe55ional staff. led by the Chief Operating Officer ICOOI reponing io the Chair. The Board set ihe remuneration of the C(K) by reference to performance and public Sector pay benchmarks. Respon5ibilit)' for running the Charity. to deliver Ihe annual and strdteoic plan is delegat¢d to the COO, bu¢ Directors also have reswkn5ibilities in particular area5 a5 described below. The pv5ts of F.vents t)irecior and Secretary of ihe Board are Curr1]Y vacani and therore operaiional and Board secrethrial matters delcgatcd to thc COO arc OVLYscen by thc Board. Chair of the Board of Directors responsible for providing inclusive leadership io the Board of Direcrors to achieve effective governance and the agreed obje¢(ives ofihe SOA. The Chair also line manages and suppons the Chief Operating Officer as re9uiied in the eiecution of their dutie5. They act as an amba55adoi and the public face of the SOA. togetheT Il'lth the Chief OpeTating Officer. 12
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors, Report for the year ended 31 December 202S (incorporating the Trllstees, Report) eontinlled D¢elOpment Dtrector, responsible for ihe developmeni of ihe spori ihrough SOA and ¢lub acitviiies as well as volunieer development. such as for eveni organisers and coaches. and for highlighiing developmeni opkx)ffuniiies io Ihe Board. The Development Director 8larlY meets with the sportscotland funded development team on development matters. Marketing and Communications Direclor. responsible for the markeiing of ihe SOA and ics activities and LOtninuniLaiivn5. workin¥ Lb5elN' with the COO and relevant developtnent team staff. Equality, Welfare & Diversffttv Director. responsible for equality. welfare and diversity matters and oversight of the inipleinentaiion of relevani policies. Fit)4nee Director, responsible for budgdiig. mainthining the financial accounts. and overseeing rol91 financial syovernance. The COO arhd Adminisiralive As5i5tant are responsible for day to da). financial matters such as paynients and invoicing. E%ent$ Director l¢urret)tly vacant and formeriv Called l)ptratKbn$ Director). responsible for overseeing the day- 10-day aLtiviiies in ihe sport and niajor cveiits in Scotland lothcr ihwi the Scoitish 6 Days), and highlighiing to ihe Board Telated opportunities and risks. Performance Director. responsible for ihe developmeni of tslenied a[hI¢S and ihe managemeni of the Junior. Senior and Veieran Performanc¢ Squ15. and reiaiionships wilh ihe Briiish Orienieering Performance Programme. Safety #nd Policie5 Director. resp{S1b1e for in51illing a culiure of safety in the SOA. ensuring cornpli&ice with legal requirements and maintaining policies that are fil for pu5¢. Seeretary of the Board {eurrtntly i'aeant). responsible for *Jministerin8 ihe business of the SOA Board. Youth Director. responsible for bringing ihe voice of ihe younger 8enera(ion to ihe Board. The Chair of the S6D Co Board provides regular rep$ ihe SOA Bo8rd and regularly attends SOA Board nieetings. Directorltrustee recruitmtnt and induetion rhe %()A uses nieniber eniail coniriiiiniialK)nS to re8ularly reque that members put themselves forward for election to the Board at the A(JM, and provide5 detai15 ofthe Board roles in ihese coniiiiuiiiLaiions. lil accordwice with the Arti¥les ofAsboLiation, Directors are appointed for a Ihree-)tar iem) ai ihe AGM bui are eligible io seek io be re- appointed for a seLond ihree-year iemi. The Board ha5 ihe pom.er io COvOPi abpirani Dirlor5 io valani rrt)siiioi)b iii anticipation of fonnal election at a subsequent AGM. AII SUA Direclors are Tequird io Iiave PVG di5cIosuTes. New Director5 go through an induclion process, are briefed on Iheir legal Tesponsibililies. and supplied with a copy of the memordum and Arii¥les ofAssoLia¢ion. They are advised on ihe aims and values ofihe Chariiy aiid ihe ¥onient or the SOA Strategy. DireLiors are requird 10 undertae regular online safeguarding tyaining and training is provided throu¥h Board meetings of relevant maiters such as the responsibiliiies of Chariiy trustees. 13
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors. Report for the yt4r ended 31 December 2025 (incorporating the Trustees. Rewrtl continued Staternent of Tru5tees' responsibilities The Director5 are responsible for preparing the Directors Annual Report and the finaTKial stateiments in accordance wilh the applicable law and unli King(knm A¢couniing Sthnd8rds (Uni1 Kingdom Generally Accepred Accounting Praciicel. Company law requires the Directors to prepare financial slaternents for each financial year that give a Irue and faiT view of ihe stale of the affairs of Ihe charithble conipany as ai the bal}ce sheet dale and of its ijicoming resources and application of resources, ineluding income and expenditure. for the financial year. In preparing those financial statements, the Directors are required to.. Select 5uilable accounting policies and then appty them consistently: Observe the method5 and principle5 of ihe Charities SORP- Make judgemenis and esiimaies Ihat are reasonable and prudeni: Stale whether applicable UK ALcountin¥ Standards have been followed. subject to any material deParre$ dis¢los¢d and Cxplain in lh¢ financial SLai¢m¢nis- and Pr¢par¢ ihe financial siarcm¢nis on ihe going concern basis unless li is inappropriate io assume that the chariiable company will ¢oniinue on ¢ha¢ basis. The t)irectors are reswnsible for maintaining adequate acCn11ng records which disclose M'iih reasonable accuraLy a( any iinic the financial posirion of ihc ¢hariiablc Company and 10 enable ihem io ensure thai ihc finaiicial statciii¢nis compty wilh ihc Conipanics Aci 2006, the Charities & Twsiees Invcsimcni Iscoilaiidl Aci 2005 aiid ihc Charities AcLounts (Scotland) Rebiulations ?Olkn. The Direciors are also responsible for safesyuardinb the assets ol'ihe chariiable company and hence for taking reasonable s*ps for ihe preveniion and deieeiion of fraud and other irrebjularilies. The DIrlor5 are reswnsible for the maintenance and ini¢grity of ihe Corporate and fmancial iiiforniation included on the charitable companv's website. Legislation in Ihe United Kinydom governing the preparaiion and dissemination of financial staicmcnis may ditTcr from legislation in other jurisdictions. mlnlstrativ Chxritv Tr4umber: SC04J563 Company Registratiort Number: SC334748 D1CtorY Lurrcnt Joiiathaii Molloy lappoirtted 22 September 2025) Patri¢k- Bdrtlett Tim O'Donoghue Ken McDonald Mary William5 (re-elected 22 Scpiember 2025) Mairi F.ades (re-elected 22 Sepl¢mber 2025) Kaiherine Ivory Andy Kitchin Ico-opled August 2025 aj rc- elected 22 Se tember 2025 rmcr urin Richard Oxlade Iretircd at 22 September 2025 AGM) Liz Orr Ireiired ai 22 Sepianber 2025 AGM) Principal Office Bearers Jonathaii Mollo}' Ichairl Patrick Banlett (Finance Director) Nik.ki How'ard Ichief Operaiine oificer and Company Secrethry} Principal Address National Orientccring Centre Glentnore Lodge A viemore, PH22 1 QZ 14
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Directors. Report for the yt4r ended JI December 21125 (iDcorpor4ting the Trustees. Rewbrtl continued INdependeNt E%aTNiner John51011 Sniillie Ltd 5 Souih G)'le Cresceni Lane Edinburgh EH12 9EG BAnkers Bank of Scotland 8 Brandon Sireei Hamilton, Ml..3 8BZ Sim811 CompHny Proi'isions The repon has been prepared in accordwKe wilh the special provisions of Pan 15 Companies Act 2006 relaiing to sniall conipanies. Oll Behalf ofthe Board. Patrick Bartleii Director Jonathan Molloy Chair 22 June 2026 15
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Independent Examiner's Report to the Directors of Scottith Orienteerin8 A55oaation I report on the financial statements of the charity for the year ended 31 December 2025, which are set out on pages 17 to 28. Respective re5ponsibilitie5 of dirertors and examiner The charity trustees (who are also the directors of Scottish Orienteering Assock?ts"on for the purposes of company lawl a iesponsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment Iscotlandl Act 2005 and the charitr.es Accounts Iscotlandl Regulations 2006. The charity directors consider that the audit requirement of Regulatr"on IOlllla14cl of the Charities Accounts (Scotlandl Regulations 2006 does not apply. It is my responsibility to examine the financial statements as reqUId under seclion 44lillcl of the Charities and Trustee Investment (Scotlandl Act 2(M)S and to state whether particular matters have come to my attention. Basls of Independent examlner's statement My examination is carried out in accordance with ReguL4tion 11 of the Charities Accounts Iscotlandl Regulations 2006. An examination includes a review of the accounting records kept by the charity and a compari50n of the fi'nancial ststements presented with those records. It also includes consideration of any unusual items or disclosures in the hnancial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentlv I do not express an audit opinion on the view given by the financial ststements. Independent examlner's ststement In the course of my examination, no matter has come to my attention l. which gives me reasonable tause to believe that in any materkil SpeCt the requirements.. to keep accountin8 records in accordance with Section 44llllal of the Charities and Trustee Investment (Scotlandl Act 2005 and Regulation 4 of the Charities Accounts Iscotlandl Regulation5 2006, and to prepare fi"nantial statements which accord with the actountr"n8 retords and comply with Re8ulatSon 8 of the Charities Accounts Iscotlandl Regulations 2CQ6 have not been met, or 2. to whlch, in my opinlon, attention shoukl be drawn In order to enable a proper undetandIng of the financlal statements to be reached. M A P Taddei MA FCACA Relevant professional body.. The I$tte of Chartered Accountants in England and Wales Johnston Smillie Ltd 5 South Gyle Crescent Lane Edinburgh EH12 9EG Date- 23 June 2026 16
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Cbariti. Number: SC043563 c•mV Number: SC334748 Statemtnt of Financial Attiii¢ie% including Income Expenditure for tht year ended 31 December 2025 2024 I'thtesiri¢trd tuThd Restrittt funds Totsl Tolal Income and endowmtni$ from: t>onations and legacies Charitable activities- Event staging Charitable aciivili¢s- Other Oiher trading aaivilies Inve51menl incorne Total Income 62.578 139,542 202.120 400 14.784 3284 8J72 22&9611 242.849 4.968 13.884 3,284 2.674 11.0.19 274,092 8.-172 143 726 Expenditure on: Raising funds Charitable a¢iiviiies- EveN siaging C.'hariiablL aLlivities- Other Tothl Lxpenditure 619 619 59,029 ?42.$09 302 649 75..191 1.3S.048 210.439 211048 Net IneomellLxpendliure} 9324 8ffj78 17.902 128,5571 Reeonelllailon of funds: TranslLrs bL%wLLn luiid5 Nei lOveMent Funds 9324 8th78 17.902 128.5571 Total funds brought forward Tothl funds txrritd fonvArd 241.918 269J20 280,475 251918 16S.821 17
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Cbariti. Number: SC043563 Comp*n)' Number: SC334748 B4laDce Sheet 4$ at 31 De¢embtr 2025 liote 2025 2024 Fixed assets Tangible assets 3.042 2.447 Invesimenis 3,045 2.450 Current a5set5 Stock 2.622 2.676 Debiors- amounis falling due wiihin one year 10.437 22.319 Invesimenis 119.743 117.49.3 C&8h at bank 167.952 167.746 306054 310,234 Creditors- amaLin15 falling due within one year 10 134,1951 Net current ets 272,649 267.117 Toi#l M$sets less ¢urrerti Ilabllliles 274.704 269.567 Creditors- amounts fallin8 due in over one year 117.6491 Net A$sets 269020 251.918 Reserve5 R¢stri¢t¢d r¢serv¢s 12 103.999 Unrestricted restrves 16S,821 156.597 Total members. fundy 269.820 251.918 Thc compan>. is entitled to the e¥LYnption from the audit requircment coiilained in section 477 of the Coinpanies Act 2006, for thc year cndcd 31 Dcccmber 2025. The directors acknowledge their responsibililies for comptying wilh the rUirements of the Companies Act 2006 wich respect to ac¢ouniing records and the preparaii¢)n of finan¢ial sthiements. The members have not required the company to obtain an audit of its flnancial statements for the year in question in accordance with section 476. These financial siaiements have en prLI)ard in accordance with the provisions applicable to companies subject to the small companies regime. 18
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee The notes on pages 20 10 28 form an integrdl part of tIse financial staiements. The accounts were approved by ihe Board and signtyj on its behalf by Patrick Bartlett Director Jonathan Molloy Chair 22 June 2026 Company Number.. SC334748 19
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Note8 to tht financial $t9tmitnts for the l'ear ended 31 Detember 2024 Ba$1$ of prep4ration 4nd princip41 a¢founliThg policies .1 B#515 of preparation of financial slatements The Scottish Orienteering Association {Ihe Charity), is the governing body for the sport of orienteering in Scoiland and works closel}. with Swbrtscotland and the British Orienieering l.ederation to develop all aspects of Ihe sport in Scotland. The Charity is a compan}" limiied by guarantee regisiered in Scotland w'iih lis regisiered address at National Orienieering Centre. Glenmore IA)dge, Aviemore. PH22 1 Q7.. The Company meets the definition of a public benefit entity under FRS 102. The financial STaments are prepared on a going concem basis under the hisiorical cosi convention and in accordance 'Ith Financial Reporting Siandard 102 "The Financial Reporting SthndaTd applicable in the IJK and Republic of Ireland" the Charitie5 SORP IFRS 102) seLoTrd edilion- (k-lober 2019. the Compaiiie5 ALt 2006, the Charities and Trustee Inveslrnenl Iscoilandl Aci 2Th15 ilt¥J the Chdrity Accouiits Iscoilaiidl R¢gulaiions 20061os amended). A summary of ihe principal accouniing policies. which have been applied onsisienily in ihese financial siaiemenis. is sei Qui below. These financial statements are presented in pounds sterling (GBP) as ihat 1% the currency in which the Charity's transaction5 are d£nominaied. Amounts are shown 10 the nearesl £. .2 PrtpAratlon of the aceounls on A goin8 eoneern $19 1.he Charitv has considerable iinrestriLied reserves and ihe Directors are confent in ihe Cl)arit> s abilily to remaiti Iinwi¢iallv stabl¢. th¢T¢for¢ lh¢ a¢¢ounis hav¢ been prepoT¢d gn a goiiig ncern basis. Ther¢ are no niaterial un¥ertainiies related i(Tr th¢ charl.5 abililv io continue as a ggingy colern. .3 TinRible fixed assets I'aiibiible fixed a&%els are stated at eosi less deprecialioii. Depreciation is calculated at rates estimated to ivrite otl-the cost over their expected usefiJl lives on the followin8 basis.. Oflice equipmeni IT and print equipment Event equipment 2.ty siraigpht line 200/0 Straight line 2/rtr Strai8ht line .4 Investments Fixed abbei investments are in¢luded in ihe balance sheei of the Compan}. a¢ cost less any proYisii)n for itnpairmcnt. Current asset invcslrncnts are bank deposits With a maturity of more than three moiiths froim the datc of opcning and arc included at arnOrtid c05t. .5 Stock5 Stocks of meda15 and woven badges are included in the balance sheet of the Company at historic ¢05t. Stock 15 reviewed at the end of each year and Y dama8ed or ob501e5¢ent stock is written off. .6 Debtors Debtors are included at their recoverable aMnts. 1.7 Cash at bank Cash at bank ijicludes bank accounts and bank deposits with a mahjrity of three months or less from the date of opening. .8 Creditor5 provision5 Creditors and provisions are included at the best estimate of their settlement amount. 20
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Note8 to tht financial $t9t¢mtnts for the vear ended 31 December 2025 continued 1.9 Income All income is included in the Siatemeni of Financial Aciiviiies heTh the Company is entiiled to rhe income, it is probable ihe income will be receivwj and the amow)i can be quaniified with reasonable certainry. SOA membership fee income is recognised M'hen the member paj's the membershtp fee. Scottish Junior Orienteering Squad membership fee inwme is spread ovw th¢ period over whi¢h related s¢rvi¢es ar¢ provided. Income from goverrunent and othergrdnts i5 recognised Mthen the Compan). has entitlement to the funds, any performance conditions attached io ihe grants have been Met. it is probable thai the income will be received and the amount can be rneasur¢d reliably. Income from eveni enby fees recognised in ihe peri during which the eveni thkes place. All invesrmeni income rela$ to income earned on bank deposits. 1.10 Expenditure All expcnditure is included on an accwals basis and is recogni5ed where thwe is a legal or ¢onsiru¢rive obli¥ation to pay. 1.11 TAx4tiort ThL' Ll)mpany hps chariiable sialus and is theref{ exempt from ¢ax on its ¢h8ritable in¢on)¢ as all income is ppli¢d ¢owaTd5 its ¢haritable purpos¢$. .12 Fund accounting Unresiricied funds can be used in accordance ivith ihe ¢haJiiable objectives ai ihe discrdion of the Direciors. Restricted fLinds caii only be used for particular. reslricied pUr)se5 fallii)g w iihin the objectives of the Lharity- Restrictions arise when Specified by donor or ivhen fuThJs are rdiSed for parlicular, restTlCted purposes. 1.13 Critie#l judgements xnd estim*tes The most 5ibpnificant accounting FrfTrlic%' judgemenl relaies lo the inconie recognition policy for 8oveniment 8rati15 for the World Orieiiteering Championships IWOCI received in ?022 and 2023. These grant5 are ionsiderttl io be subj¢¢i to a perfomianie Condiiion or5gIng ihe eveni and iherefore ihe gran¢ inconie has been deferred and re¢ognised in 2024. This ac¢ountN)g policy judgem[ does noi impact 2025 income rccognition. 21
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe eDded 31 December 202S continued 2 t)oNations and legacie5 2024 UDrestri¢ied Restritted funds funiLs Total Total Membership Fees Sportscoiland Grant Other Grant Income Scottish 6-Day Eveni Company Lid S¢É)IJOS Dortatii)ns Total donation5 and legaeles 15.979 17.072 18.735 2.255 33,051 118.735 4.604 44,250 1.480 202.120 56,554 117.271 3.557 64,204 1.26.1 242.849 2.349 44.250 1.480 139.M2 62J78 Mem6¢tship fees in ?0?4 of £56.554 MprIseS unresirtcied funds £14,946 and resiriaed funds of £41.608. other byrani income in ?0?4 of £3.557 comprises unresiricied funds £?.350 and resirieied fijnds £1 707. In 2024 all the sportscotland yrdnl and Scouos donations weTe restricted funds and all Scottish Orienteering 6. Day Fvenl Company Ltd income was ufbresiriaed funds. All income from Sportscoiland grnni is govemmeni grani income for the developmeni and effeciive organisaiion of ori¢ni¢¢ring in Scoiland. 3 Ch8rit8ble artiviti¢J 2025 2024 Unrestrleied Resiri¢itd Totgl Total Other Evenis Sia¥ing Toi¥l ¢hgrlt4ble 4¢¢iwl¢ies- EvffAt stAging 4¢KI 400 4,968 41KI 4.908 Development In¢om¢ Ev¢ni L¢vi¢s SEDS- participant coniribuiions Other income- Briiish Orient¢¢ring Total ¢hgrit4ble 4¢¢i%'i¢i¢s other 4J17 6.766 4..117 6.766 5.460 5.817 1.285 ?.801 14,784 13J84 12.562 In 2024 all event siagin8 and event levies were unresiriffled funds- and all SEDS- participant contributions ivere Te5trirted fund5. Dev¢lopm¢ni income in 2024 of £5.460 c(mPri5e5 IIIITe5tricted fund5 of £3,205 and restricted fvnds of £2,255. 22
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe yvar ended 31 Decernber 202S continued 4 Expenditure 21125 2024 Unrestritted Restricte41 funds funiLs Totgl Toi World Orienteerin8 Championships Other Event Siaging TotAI chgrilgble g¢tiI'iti- Evenl staging 55,012 4,017 59.029 National Centre Professional Staff Costs Other Development Expenditure In%uranLL CÉ)%i% artd OthLI E¥pLndiiiiie Toial ehirliable a¢tlvltles- oiher 3.779 50.118 4.728 16.766 75J91 3.779 147.349 42,545 16.766 210.439 97.231 37,817 142.330 88,865 8.259 242,509 135,048 RAiSLng Trund5 Total Exp¢nditur¢ 619 619 211,058 302,649 Other charitable aciivities represents spend M ihe devek)pment of(Yienteering and related effective organisation, and iiisuranLe costs. Support costs Lomprise 8overTrance costs of £4,757 {20?4.. £18.9221 and finance support %iaff cosis of £5,29912024.. £5.03.1). These governance Losis in 2025 include independeni exan)inaiion fees lii)cludiii V A Tl of £.3.30012024'. cxicrnal audit fees of £18.(K)O). The external audii fee in 2024 M'as allocaied to World Orienleerinbp Championships costs in ihe above analysis &4 ihe need for an audil. rather thali aii independeiil examination. was as a result of the World Orienleering Championships. Other support eos15 iii 2025 of £1 0.056 12024.. £5,955) have been allocated lo other charitable actlvilies. as ihey maierially comprise finance 5UPPOrt costs for these a¢iiviiies (event sthging is supponed by separC volunieer finance resource) including ii) 2025 the ind¢p¢ndeni ¢xaminaiKin fees. In 20?4 all ev¢n( staging. national ¢¢niTe. insuran¢¢ ¢osis and oih¢r ¢xpendi(ur¢ and rdisinbtr funds ¢xpendiiure was unr¢5tTlCt¢d funds. Profcs5ional statTrosts in 20?4 of £142.330 wMpri5 unr¢stTiCted funds of £38,550 and restricted funds of £103.78U. Other development cxperbdilure in 2024 of £88.865 ¢ompTise5 unre5tTiCted funds of £2,152 and restricted tunds of £86.713. 5 Remuner8tion 21125 2024 Salary ¢os¢s National 1rt5urance 125.603 133,840 3.257 5,239 9,301 P¢nsion5 10.468 Expell5 Rtitnbur5ernent 8.0?1 147 470 In 2025 ihe SOA employ'ed an average of 6 emploj'ees 14 FfE12024- 8 5 FfEI, none of whom eamed more than £60,000. Direciors do noi receive any remuneraiion for services io the charity and claimed expenses of £nil in 2025 12024- £nill. 23
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe yvar ended 31 Decernber 202S continued 6 Tangible Fixed A55et5 National Centre Building Other Tsngible Trixed Assets Tothl Cost Ar l January 2025 Addiiions Disrx)sals 22,094 1,541 23,094 As at 31 Dt¢¢mber 2025 21.934 22,9J4 Depretiition At l January 2025 Disposals Charge 20.647 20.647 946 AS #t 31 Dtctrnber 202$ 19,892 19,892 Net book value At 31 Decernber 202$ 2.042 3.042 At 31 De¢ember 2024 1.447 2,447 7 Fixed Asset in>estrnent The investmen¢ of £312024- £31 rewesents ihe Company's IOO•/ti holding of the Scottish Orieni¢eTing 6-Day Eveiit Ci)mpany Limiied. Thc Scott15h OricntCCTin8 6-Day Evcnt Compan>. Limitcd {S6D Co) or8anises the bi-annual Scottish Six Days Event and also or8anis¢d the World Ori¢ni¢ering Championships in 2024. Some of the proceeds of the Scottish Six Da)'s Event are paid by the S6D Co to the SOA in the forni of a grant. In addition in 2024 additional gramt income V4'a5 paid by the SOD Co to the SOA relating to the recharge of certain World Orienteering Championships related expenses incurred bv the SOA. l-he total grant incoine received by SOA from the S6D Co is disc105ed in Note 2. In 2024 the SOA also incurred costs relatii)g to the World Orienteering chaMpi$hipS Assis¢ani F.veni fJire¢ior which were noi rechargd io ihe S6D Co and which are included in World Orienteertrig Championships expenditure in Note 4. 8 Stock 2024 Charnpion5hip Mdals Woven Badges 1,016 1.606 1.031 1.645 22 24
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe eDded 31 December 2025 CODtinued 9 Debtor5 and Prepaid Expen5e5 2025 2024 Prepayment of Expenses Membership Fees Trade Debtors Eveni Levies Due from Scoiii5h 6 Day Company Due from British Orienteering Investment Acc4)uni Interest 5,307 5.378 630 769 4.284 6.714 297 1,1.36 9.0(K> 2.801 1.65? 888 I6.? 22J19 10 Creditors f#llin% due within one year 2024 Taxation and Social security Trade crediiors Starrcosts and Siaff I Volunittr Expenses Club Membership Fees Accrua15 and deferred income Accruals Deferred in¢ome- other Sports¢otland- COVID Recovery Fund Loan 1.954 1.940 3.229 1.321 2.833 1.278 8.192 7.733 11.766 18.000 7,300 11,766 43,117 Movements on deferred income.. A¢31 December 2024 At31 December 2025 January Deferred Released 2024 Deferred Released Other 6,800 7.300 16.800) 7JOO 7.733 (7.300) 7.733 Deferred in¢ome- oth¢r relates w Scottish Junior Or11¢¢rIng Squal membwship fee in¢ome which is spread over the perityj over wthich the related 5ervi¢e5 ale provided. 25
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe eDded 31 December 2025 CODtinued I I Creditors falling due in more tban one year 2024 Sportscotland-COVID Recovery Fund Loan 5.884 5884 17.64() 17,649 Repayable in 6 equal Six monthly inslalments of £5.883 from l October 2024 to l April 2027. 26
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe eDded 31 December 202S continued 12 Restricted Fund5 Fuod Balances Jan 2025 Incoming OutgoiDg Resourte5 Resourre5 Fund Balan¢es 31 Dec 2025 Trgllsf¢ Sport5COtland- Dev¢lopYnent Staff Sportscoil8nd- tkvelosNnent Sportscoil8nd- Effeaive organisl0n Junior Squad Funds Senior Squad Funds L(thabeT Development Fund TotAI Restricted Funds 31).037 12.967 1.760 37.4?1 79,447 179.57?) 114.8461 116.5261 120.6601 13.4441 38.91? 22,360 1,059 38.596 2.147 925 15.825 21,835 ?,)80 925 143.726 (134,0481 103,999 Restated Re5tAted Fu*d Balances Jan 2024 Fund BAIAnce5 31 Dec 2024 Intoming Outgoing ResowNes Resourets Tr¥nsf¢rs Sportscoiland- Developen( Siaff .Sportscc)Iland- Development fiportsLI)Iland- Effeaive Organi5ation Junior Squad Funds Senior Squad Funds Lochaber Development Fund WOC 2024 Donatior 81,701 22.IK)O 15.825 45,546 2.491 181,9421 120.8261 116.9(AJl 155.2581 111.6961 39,037 12,967 1.760 -17,421 3.211 925 1.793 2.925 47.133 9,416 925 3.781 I IS2.$1 3.000 13.7811 1190.4931 Total R¢strlded Funds 3,000 9.V21 The purpose of each restricted fwid is as follows- Sportscotland Grant funding for developmentof orienteerin8 and also tow'ards meeting our statutory and regulatory responsibilities. Operates oli an April-MaTch flnancial year. Incoming resources also include partner contributions to local deN'elopment projects. Fundin8, principally from member5 of SCOLTOS and their familie5. for trainii)g and competition. Operates on an academic yrdr. Funding for ellie Iraining and compeiiiion. Funds tyansfeTred by BAS( for developmeni of orienieering in IA)chakr Junior Squad Senior Squad Lo¢haber Fund WOC 2024 Donations recetved for WOC 2024 27
SCOTtISH ORIENTEERING ASSOCIA TION CompaD)' limited bi, guarAntee Notes to the finantial statements for tbe eDded 31 December 202S continued 13 Analvsis of Net Asset5 Between Fund5 [Inrestriti¢d Futtds Resiritted Funds Ttstal 2025 Fixed Assets 3.045 3.045 Curreni Asse¢s 192J52 14.502 306.854 Current Liabilities 123.6921 110,5031 134.1951 Creditor5 over one yfdr 15.8841 15,8841 Net Assets At Jl Dec 2$ 164J21 103.999 269.820 Unr¢stri¢ted Trunds 21124 Restricted unds Total 2024 2024 Fixed Assas 2.450 2.450 Current Assets 204.358 105.876 310.234 Current Liabilities 32.5621 110.5551 Creditors over one year 117.6491 117.6491 Ntl A55ets Al JI Dec 24 2$1,918 14 Company limited by gu4r8nt¢¢ Tht liability of the ¢L)mpany'5 member5 15 limited 10 £1 in the event of ihe Company bein8 M'ound up. The Company is incorporattd in Scotland with re8i5tered office Nalional Orienteering Centre. Glenmore Lodge. Aviemore. Pl122 IQZ. 1 S Rtlattd Party Transactions There were no relaie(I parti transaciions during ihe year other than as dixlosed in Note 7 (2024.. None other (han as disclosed in Noie 7). 28