Charlty r•ol$tratlon numb•r SC0491S3 {S¢otlandl Company reglstratlon numb?r CS003906 IS¢otland) NAIRN SPORTS CLUB SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 A9Accountancy Limited Chartered AccJJuntsnts Elm House Cradlèhall Business Park Invèmass 25GH
NAIRN SPORTS CLUB SCIO LEGALAND ADMINISTRATIVE INFORMATION Charfty number IS¢otlandl SCl)49153 Company nnber CS003906 R&glstered offlco Indep8nd¢nt examlner Ag AGCOUntaw Lirnited Elrn House Cradlehall Business Park Inverness Uniled Kingdorn IV2 5GH
NAIRN SPORTS CLUB SCIO CONTENTS Pag? Trustees, report Statement of Iw51ees' responsibillS Independenl ¢xaminer's report Statement of financial aclNiti¢¥ Balance sheet Notes to the financial statgments 7-17
NAIRN SPORTS CLUB SCIO
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
Th& trusteès, who are dirèctors for the purposos of company prèsÈnt thèir annual report and financial
slat8ments for the year ended 28 February 2025.
The financlal slalements have been prepared In accordance wilh thè 2ccounting pollcles set out In note I lo the
linancial statement5 and comply with the chafttys gowerning documents. the charit8 and Trustee Investment
{SlIand> Act 2005, the Charities Accounts Iseotlandl Regulations 2006 (as am*ndedl and 'Accounting and
Reporting by CharilEs' Statement of Recommendad Practice applicable to charities prgp8ring thelr 8e¢ounts In
accordance with the Flnancial ReporUfVJ Standard applicab In the UK and RepublK of Ireland IFRS
1021" (effective 1 January 20191.
Obj•¢tives and actlvltles
The purposes ol the ¢harity arg-.
I to promote, encourage and dÉvèlop an intarest in sport for all..
bl lo promote the benefrt and advantages ol parti¢ipation in sport..
cl to provide facilities in the interest of social red110n end tsUre lime actNities with the aim of
improwng the quality of lifo for those involved.,
dl lo promote sport amongst young people, prowde faalities for the coaching and heatth education ol young people
and encourage participation ITr sport by said young people,"
el lo arrange mat¢hes wilh othèr organisations to ourage team spirit and social inlgraction.
Signifant actlvities
Along with Ihe bos provlsion DI a fully equpped gym. tennis, squash, and badminton courts the club provKJes an
exlensive class prograrn Including pre sch)ol fitness, stretch and rdax. circuits. boxercise and Zumba.
Coaching is also provided for juruors, youlhs gnd adutts In tennis. squash, badminton and fi)olball.
Achlevements and perfomiance
SgnifiG5t 4Gtivili¢s achievements against obj¢dives
It has been another productive year at Naim Spgrts Club.
From trur Business Energy report in 2023, the remainirng itsms was lo convert our floodlighls to LED. Costing almost
£32,000. we applied for fundlro from Buslness Energy S¢xJtland and we were granlad a loan wlth £20,0(YJ cash
back. This tros made a massive imprtsvement with the lighting on our Tenni8 Courts an
NAIRN SPORTS CLUB SCIO TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED} FOR THE YEAR ENDED 28 FEBRUARY 2025 Financial révlaw Reseryés policy The dub aims to keep enough funds to cover hNo month5 worf(ing capital which is equivalent lo £45,000. The reserv8s policy has been acknieved this year and in the previous year. March 2025, the car Pa was ra-tarr8d and rool rèpairs were carri8d out. New gym èquipmen( wlll be required in the Th8ar fvture. Therefore. the charity has surplus funds a128th February 2025 in order to fund the new requrred equipment and work5 Garrie(l out. Structur8> governance and managernent On the 11th May 2010 Ihe Club achi8vèd charitable status. The charily is contioifed by its goveming docurnenl, the club's cornstitution and a Scoilish Charitable Incorporated Organisation ISCIOI. Tha trustoos, who ar8 also tho dir&dors for the purpose of company law. and who seryed during the y8ar and up to the date of signature of Ihe finanual ststemernls were.. Rgcruitm&nl aPPnIMent of tmstees The Iruslees arÈ office bearers of Nairn Sports Clb SCIO. The office bearers ère red annualty al the club's annual general rneeting. rd of Trust. Tru$t¢e Oale..
NAIRN SPORTS CLUB SCIO STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUARY 2025 The Iwstses, who are also the directors of Naim Sports Club SCIO for the purpose of company law, are responsible for preparing thè Trustees. Report and the financial statements in accordance with applicabl8 law and United Kingdom Aceountiftg Starsdards (United Kingdom GenerallyAccepled Accounling Practice). Company Law requires the trvslees to prepare financid sialements lor each finaneSal year which gwe a true and tsif view of the slate of affairs ol the charity and of the incomin9 resources and application of resour$, induding the income arKI oxpendilure, of charltablè company for that year. In preparino Ihese financial state18, the trustees are require(I lo.. sèloct suitable accounllng polici and then apply them consistently.. - obserye the methods and principles in the Charities SORP., maka judgemènts and eslimales th31 are r8asonable and prdent- state whether appliuble UK Accounting Standards have been followed, subject to any rnatèri81 departurès disglosed and explained in the financial statements., and prepare the financial staleTnent8 on the going concern basi8 tJnl¢ss it inappropriate lo presume that the tharity will continue in op&ration. Th8 truslees are resptsnsible for keeping adequate accounting recorijs that disclose wlh reasonable accuraGy al any lime the fjnancrdl position of the charily and enable Ih?m lo ensure that the financial statem8nls comply with the Charities and Trustee Investmont Iscotlandl Act 2005, the Charities Account5 IScotlaThdl Regulations 2006 (as arnendedl ar¥J thè Companies Act 2006. Thay are also responsib for safeguarding the assèts of the charity and hence for tsking rèasonable step5 for the prev&ntt"on and detection ol traud and other irregularities.
NAIRN SPORTS CLUB SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAIRN SPORTS CLUB SCIO l port on the finan1 statements of the ¢l)arty for the year ended 28 February 2025, which are set out on Pages 5 10 17. Respective responsibilitiès of tru8t¢e$ and •xamlnor The charity's trustees. who are also the directorn of Nairn Sport$ Club SCIO for thè purposgs of company law, are responsibl& tor thè preparation of the finaneial staloments in aecordancg with the terms of the Charities arml Trustee Investrnents (Scotlandl Act 2005 and the Charities Accounts ISco(landl Regulations 21X)6. The trustees consider that the audit requirement of Regulation 1011llal lo Icl of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial stat8mgnts a5 fgqLJif8d under section 44111(cl of th8 Act and to slate whother partUr mattèrs have come lo my 8tt8nlion. Basls of independènt •xamlnerfs statèmernt My examlnation is carried out in accordance wrth Regulatiort 11 of the 2006 Accounts Regulations. An examination Inclu(Jes a review of the accounts.ng records kept by the charity and a mParIsOn of the financial stalements pr8sent¢d wth thosg records. It also indudes consideration of any unusual itèms or disdosures in the financial statements. and seeks exp]an8tions frorn th• Irustees concerning any su¢h mattèrs_ The proiEdures undertak•n do rK)I provKle all th8 evidence that would be required in an audil and consequenljy I do not éxpress an audil opinion on the vitsw given by Ihe financial slat8ments. Ind•pendent examln•rfs statement In Connect1 wllh my examin8tion, matter has corne to my attentn.. lal which glves me reason8ble Cause lo believe thxt in any materfal respeGI the requ1ments.. to keep accountlng records in accoidanGg with section 44{1) lal of the 2005 Act and R¢gulation 4 d the 2006 A¢wunts Ra9ulations', and lill to prepare financial slalernents accord wilh Ihe aE¢tsunting records and compty with Regulation 8 of lh8 2006 Accounts RegulalKms'. have not be8n rnst or Ibl to whith, in my opinTr. attèntion shouhl be drawn in order to enable a proper undersianding of ttr financial statements lo be reac*ed. A9 Accountancy Llmlled Elm House Cradleh211 Business Pa Inverness IV2 5GH united Klngdom
NAIRN SPORTS CLUB SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2025 Unrè$trl¢ttrd funds 2025 Restricted fund$ 2025 Total Totsl 2025 2024 Notss Ineome and •ndowm•nts from: Donath'ons and legacies charitab activities Othèr income 20,000 20,000 282,062 6,033 15,185 248,678 6,324 282,062 6,033 Totsl incomè 288,095 20,000 308,095 270,187 Expènditure on: Raisino lunds Charilabb activities Other expÈnditur8 12fj 264,180 4,621 126 264,180 4.621 80 234,202 12 Total expendilure 266.927 268,927 234.282 income 19,188 20,000 39,168 35,905 Transfers betsyeen funds 20,000 120,0001 Not movement In funds 39,168 39,168 35,905 Rteonelllatlon of funds: Fund balances 811 March 2024 789,501 789,501 753,596 Fund balances at 28 February 2025 828,669 828,669 789,$01 The staterneni of financial aclivilies indudes all gains and losse5 iewgnÈsed *) the year. All irKome and expenditure derive Iiom continuin9 adivities.
NAIRN SPORTS CLUB SCIO BALANCE SHEET AS AT 28 FEBRUARY 2025 2025 2024 Notss Flxed assets Tangbble 8ssets 14 705,050 712,516 Current assets Stocks Debtor5 Cash al bank and in hand 15 16 39 3,115 142,497 105 3.360 83,160 145,fj51 86,625 Creditors: amoun¢$ falllng due wlthln one yoar 18 111,7911 19.640} Net curr•nt assets 133,860 76,985 Totsl assets le83 ¢urrent Ilablllties 838,910 789.501 Credltor5= aMOnts falllng due aftgr rnorg than on• yoar 19 110,2411 Net ass•ts 828.669 789,501 Th8 funds of th• charity Unreslricted funds 828,669 789,501 828,669 789.501 Thè eompany is ontitled to exèmption from the audit raquiremenl contained in sod¥Jn 477 01 Ihe Companies A¢t 2006, for Ihe year ended 28 Febiijary 2025. The director5 acknowledge Ihelr re$ponsibillllès for complying with th8 requirements of the Companies AGI 21106 wlh respecl to acGounling records and the preparatioN of financial statements. The m¢mbeis have not Tequirgd the company lo obtain an audit ol its financial statements for the year in question in accord8n¢e with sectK*n 476. These financial stat8m6nts hav6 been prepared kn accordan with Ihe provlsions applble to companiè5 subject lo thè small companies regime. Tb f.nanci?.I gt?+9pnI w?rg. a DTovgd h thp lryiol•p8 nn rus ee Company registrydtion numbgr CS003908 Iscollandl
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Ac¢ountlng pollcles Charfty Informailon N3irr S ur15 CILib SC10 is a Scottiih Cha,"ita>le Incorporated Organisation ISCIO). The registered oflice is 1.1 Accountlng ¢onv¢ntion Tho linancial statements hEJve been prepared in aecordanc8 With the ¢harills Igoveming documenll, the Charitiès and TrLSslee Investment Iscotlandl Ad 2005, the Chorilies Accounts (Scotlandl Regulations 2006 las amendedl, FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland- I'FRS 102.1 and th¢ Charits"es SORP 'A¢ntIng and Reporting by Charities". Statement ol Recornmended Przclice applicable lo ch8rities preparing their acGounts in accordance with Ihe Fin8n(ial Rèporting Slandard applicable in the UK and Republic of Irend IFRS 1021" leffectiye 1 January 20191. The harity is a Public Benefit Enlily as defined by FRS 102. The charity has taken a¢fvafitage of the provisions in SORP for charibes not to prepare a Slatanent of Cash Flows. Thè finanoal statèments are prepared irb Stèrfing, which is the funclional currency of the chaTsty. Monetary 3mDunts in these financial statements are rounded lo the nearest £. Nalm Sports Club SCIO meets Ihe deff nillon of a public benefit entity under FRS 102. Assets and liabilities are initially recegnised al histOriGal co81 OT transaction value unless OtheNSe stated in the relèvant accounting policy notes. 1.2 Going concam Al the tim8 of appro7n9 the financial statements, the trustees have a reasonable expectation that the charity has adequate SoUrces to continue in operational exlstence for the fo¥esee8ble future. Thus trlegS continue to adopt Ihe goitvJ wncern basi$ ol accountin9 in praparing thè financial stat8m8nts. 1.3 Charltable funds Unreslrlcted Incorne fvjnds are geneial funds that are available foi use al the Iru3lee'3 discretion in furtherance ol the objeGlive& of the charity. Rastricted fvnds can onty be used for the parfjcuLqr purFoses within the obie¢ts of Ihe charily. Reslriclrons ariw when specAfied by the ¢Jonor of when funds aro raised fLf particular re3tri¢ted purposes. Further Qxplanats'on of the nature and purposè of esch fund is included in the notes lo the finanaal staternents. 1.4 Income Income is recognised when the chaiity is legal entitle<l to il after any perf0Tman condltK)ns have been mel. the amounts can be measured reliably, and il is probable that income will be received. Grant5 re¢elvabl• Grants are r¢cognisod then the chanty has an enlitlement lo thè fijnds and Y conditions linked tr) the granls have beèn met. When perforrnance conditions are attached lo the grant and are yet to be tnel, the income Is recognised as a liability and included on the balance sheet as deferred Income to be rel8ased.
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Aecountlng policies (Contlnuedl 1.5 Expenditure ExperKlilure is recognised once the is 8 legal Dr constructive obligalion to Ihat tsxpendltum: 1118 probable that a transfer of ecorK)mi¢ benefits wll be wuired in settlement. and the amount ol tha oblwJation can b& mgasured rèliably. All costs are alloc8tèd to tM applicable expendiluie heading that aggregale similar GOSIS lo Ihat category. Whera costs cannot be directly allribuled to Ihe parlicuLgr headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allo¢atèd on tho portion of Ihg 8sseYs use. Other support costs are allocated based on the 4)read of staff costs. Thésè are costs incurred m attrathng voluntary income, managemèni of Investments and those incurred in trading actwili¢$ that raise funds. Charitable expendlture c4Jmpromi3es those wsts incurred by the charity in the delNery of its 8¢twits¢$ and services lor its beneficiaries. It include8 tx)th costs thal can be allo&ed directty lo such activKlès and Ihosa costs of an indire¢t nature necessary to support th&m. These in¢liJde the costs attributable lo the charitls compliance wth eonstiluiional arL(t st8tutory requFrements, including audit, strategic management and trustees, m88tings and reimbutsed 8xp&nses Support costs include central functions and have been alk)caied to activliy cosl categories on a LBsis consistent WSth the use of resour¢es, for example, a51ocallng property costs by floor arèas, per capita, staff costs by the time spent and olh8r costs by their usag8. 1.6 Tangibts fix9d ass•ts Tangible fixed asseis are inibally measurtd al COBI and subgequ¥ntly measured al ¢o$t or valugtlon. net ol depreciatiC41 8nd any impairment loss9$. Depwialion is recognised 80 as to wri1¢ off the cost or valuats.on of assèts less their rosidual val$ ovgr their useful lives Qn Ihè following bases.. Long leasehijd propety Equiprnent Officg equipmarst 3Y.- 4% on cost 25% on reducing balance 20°A on reduang balance The gain or loss arisir¢g tha disposal of an a559t is deterrninea as Ihe drfferencè between the sale prOed5 and the carrying value ol the asset, and Is recogni5ed in the $ternent of finarKial activities. 1.7 Impairm•nt of fi'xed assets At èaeh repDrting end date. the charty rewews the ¢arrying amounts of Ils tsnglble assets lo determine whelh6r Ihere is any indation that those assets have suffored an impairment loss. M any such indration exists, the re¢overable amount of tha Asset is estimated in grder lo datermine the exlent of the irnpainnent loss Ill anyl. 1.8 Slock$ Stocks ar8 stated al thè Iowor ol cost and estimated sèlling prica 18s5 costs to eompkte and sell, after due regard for obsol8t8 and slow moving stocks. Cost Is determined using firsl-in, lirst-oul IFIFOI. 1.9 Cash and eash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquld investments with onginal malurilies of Ihree monlhs or less, and bank ovwdrafts. Bank overdrafts are shown within borrowtn9s In current liabililies.
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FQR THE YEAR ENDED 28 FEBRUARY 2025 Aecountin9 pollcles (Continu•dl 1.10 Financial instruments The charity has elected to apply the provisions ol Section 11 '8asitt Finanaal Instrumsnts, and Section 12 'Other Financial Instruments Is$u&s' of FRS 102 to all of 11$ fin8neial instrumenls. Flnancial instrurnents are recognised in Ihg Gharily'5 balarKe sheet whev the tharity becomes party to the contractual provisions of the instrument. Financial assets and liabilitie5 are offset, with the net amounts presented in the finan¢ial ststemenls. when there Is a legally enforceab right to 5gt gff the reGognised amourbts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Ba$1¢ flnon¢lal assets Basic financial assels, which include debtors and $h and bank balances. are initially maasurèd at transaction pricg including transaction costs and are 5vbsequentty carried at amortised cost using the effective interest method unless the arrangement constitutes 8 1Snancing transaction, where transaction Is easured al the present value of th¢ fulure receipts discounted at a matket rate ol inler85t. Financial assets classified as rèceivable within one year are not amortised. Bas1¢ finan¢i•l 11obllltl•s Basic financial liabilities, including creditors and bonk loans are inrtially racognisod at trar8¢tK)n prico unless tha arrangement consts"tules a financing transackn'on, whère thè dobl instrument is rneasured at thè present v8lué ol th8 future payments dlscounled at a rnarket rate ol interest. Finanaal liabilities classrfied as payable within one year are not amorlise(f. Debt instruments are subsequ8nUy ¢ariied 8t amothsed cost, uslng the efféctive interest rale method. Trade Greditors are obfigatioTrs to pay for goods or seNi¢es that have been aCqUid Sn the ordinary ctsutse of operations from supplièrs. Amounts payablg aro Classified as curront liabilitiès if paymènt is du& within one year or less. If not, Ihèy arè pr8senled as non•current li3bili11es. Trade creditors are recognised initially at transacts.on price and subsequently measured al amortised (x15t Using the effective inteTe51 method. D8Y8cognftion olflnanclal Ilabllltl•s Financlal liabl1e$ are dorecognised when Ihg tharfty's conlraclual obligations èxpire or are discharged or cancelled. 1.11 Taxation The charity is consided to pass the tests sel out in p8fdgraph 1 Schedulg fj of thè Financ& Act 2010 and therefore it meo¢s th8 d8finilitsn 013 charitable c¢)mpany for UK corporation tsx purposes. Accordingly. the charity i8 potentially exempt from taxation in respect of illGorne or capital gain5 received withSn categories covered by Chapter 3 Part 11 of the Corporation Tax 2010 or Se¢tic)n 256 of the Taxation of Chargeablg Gains Act 1992, to the extent that suth ineome or gains are applied exclusively to Charitab PLJrposgs. 1.12 Employee benÈflts The ¢osl of any unused holidey entitlement is re¢ogniseiJ in the period in which th¥ $mployge's $grvic6s are reogived. Terrninalion benefrts are recognised irnrn*Jiately as an expense when Ihe tharity is demon5trabty committed to terminate the employment of an employee or to provide termination benefits.
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Accountlng polltlè$ {Contlnuedl 1.13 Retirement beneflts The charlly operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund 8nd the charity has no legal or ¢onslw¢b"v• obligation to p8y furth¢r ¢ontributions even if the fund does not hold sufficient assets to pay all ernploy88S thè benafits relating to eM0yea sety In the currgnt and prior periods, Payn)ent$ tr> defined contribution reliremenl benefit schemes ara racognised in the Slalernent of Financial Activities when they are due. If contribution payments exceed the tribUtion du8 lor service, th8 exc8ss is racognised as a prepayment. 1.14 Borrowiny$ Intet-bearing borrowings are inrtially recorded 8t fair value, net ol transaction c(Bts. In18rest-bearing borrowings are 5ubsequenlly carried al amorbsed cost, wrth the difference behveen the proceeds, net ol Iransaction Ix>stg, and the amount due on redemption being rècognisad as a charge lo Ihe Statement ol Financial Activities Dver the peri¢JJ of the relevant borrOng. Inter¢st exnSe B recognised OTh th¢ basis of tha èffective interest ¢thOd and is included in interest payoble and similar charges. Borrowings 8re Elassifierj as current liaknlrties unl8ss Ihe charlty has an unconditional right to defer settlement ol the liability for al ¢e8st monlhs after the reporting date. Criti¢al 4¢¢ounllng •stima¢¢s and judgoments In Ihe appli¢atiDn ol th¢ Ghority's accounling policies, Ihe Iruslees are required to make judgernents, estimates and assumptions about the carrying amount of assets and liabilili8g that are not readily apparent from other sources. The estimates and associated assumptions are based on hisloilcal experienc8 and other factors Ihat are Gonsideied lo be relevanl. Actual resulls may differ from these estimates. The estimates and und&dw'ng assumptions aro revlewad on an ongoing basis. Revisions to accounting estimate5 are recognised in tha period in which the esiimate Is revlsed where the revision affects cfily that pèrlod, or in the period of th8 revision and ILrture periods where the revision affects both current and future periods. Income from donations and le9acles R•strlct•d fund$ 2025 R•$trlet•d fund$ 2024 Grants 20.000 15.185 Grants Gtsvemmt grants Energy Saving Trust 15,185 20,000 20,000 15,185 10-
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Ineome from charitablè actlvttl•s Unrèstilctod fund$ 2025 Unr4strl¢tgd funds 2024 Charltsbk o¢tlvltl•s Mernr subscriptions Non-membership incorne Coaching income 246.968 23,502 11.5g2 222.094 18,106 8,478 282,062 248,678 Othgr in¢ome Unre$trl¢t•d Vnr•$trlet•d funds funds 2025 2024 Nel gain on disposal ol tangible fixed assets Hall. Equipment HI & Relreshmonis 36S 5,959 6,033 6.033 5,959 Expèndlturè on raising funds Unrostrlctgd Unrestricted funds funds 2025 2024 Fundraising arbd publiclty Relreshmentg & Equipment ConsurnablÈs 126 80
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 Expèndlturè on charttablo activiti 2025 2024 Dlrect CL>Sts Staff costs Depreciation and inpairnènt 112.121 49,354 114,630 38,177 161,475 152,807 Share of support and governonce costs (see nole Bl Support Govemance 101,130 1.575 79,910 1,485 264,160 234,202 Analysis by fund Unrestricted funds Restridod fund5 284,180 232,182 2.020 264.180 234,202 Supprgrt ¢osts allocated to activitiès 2025 2024 Flent and rates LKJht and heat Sundry expen$9$ Insurance Repairs and maintenance Coaching costs Subsuiptions and licences Officg co$ls Professional f8è9 Gtsvemaneo Costs 8,509 16.086 3.623 7,101 39,667 9,912 8,275 2.335 5,622 1,575 2,344 18,271 1.319 7.393 27,083 7.542 9.603 1.251 5.104 1,485 102,705 81,395 Anatys•d b8tw4•n: Ch8rftablg actiwltios 102,705 81,395 Ind¢pgnd¢nt examine$ remuneration 2025 2024 Examination of the financLal stalernents 1.575 1.485 12
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 28 FEBRUARY 2025 10 Tru$to¢s No Iiustees, nor any persons conneGled them. have recoived 8ny remuneration from thg charity during th¢ year. No trL151ee5 have re¢elved any reimbursed expen5 ot any other benefits from the ¢hanty during the year. 11 Employe95 average monthly number of persons (Nieluding senior management I kadership leaml employed by the charity during the year expressed as full tIrr equivalents was as follows.. 2025 Number 2024 Numb•r Employment costs 2025 2024 Wagès and salarie8 Other pension costs 109,669 2,452 112,381 2,249 112.121 114.630 There were r¢0 empk)y&os whose amual reMeratIon morè than £60,000. 12 Other expendlture Unrestricted Unrestricted funds funds 2025 2024 Net loss on disposal of tangiblè fixed assgts 4,621 13 Taxation Th@ charity is exempl from laxallon on tts acliwties becausè all Sts income is applied for Charitsb purposes. 13
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 28 FEBRUARY 2025 14 Tanglblè ffixed ass•t$ Long 18a$ehold property Equipmont Offico •4L4pmont Total Cost At 1 March 2024 Additions Disposals 858.085 31,856 18761 284.295 34,230 11.4531 14,543 423 110.6361 1,156,923 46,509 112,9651 Al 28 February 2025 889.065 297,072 4,330 1,1go,467 Deprnciation ond Impalmient At 1 March 2024 D8pre¢iation charged in th8 year Eliminated in respect of disposals 191,913 34,925 11581 242,686 13,570 11,3521 9.808 859 16.8341 444,407 49,354 IB,3441 Al 28 February 2025 226.680 254,904 3,833 485,417 Carrylng amount At 28 February 2025 662,385 42,168 497 705,050 Al 29 February 2024 666.172 41,60g 4,735 712.516 2025 2024 Long leasehold 662,385 666,173 15 Stocks 2025 2024 Stocks 39 105 16 D•btors 2025 2024 Amounts falling du• wlthln one year: Prepaymer¢ts and accrued I[M9 3,115 3,360 14
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 17 Loans and overdrafts 2025 2024 Other loans 11,732 Payable within onè year Payable after one year 1,491 10,241 The Energy Saving Trust ban is interest freg and paYab over 8 years. 18 Creditors: amounts fallln9 d0 Within on• y•ar 2025 2024 Borrowings otPEr taxalion and social security Other Lyedilors Accruals ané deferrgd inGom8 1,491 359 495 850 8,295 9,941 11,791 19 Creditor8- omounts falling due after mor• than one ygar 2025 2024 Borrowings 10.241 20 R8tir•ment benefit $eh•mès 2025 2024 Defingd contribullon schemes Charge lo prgfrt or loss in respgcl of defined contribution schemes 2,452 2,249 The charity operates a defin&d contribution pension scheme for all qualifying employèes. The assets of Ihe ScheTh are held separately frtsm thosè ol th& charity in an irKlependenlly administered fund. 21 Restrleted funds At 1 MarGh 2024 Incomlng r¢sour¢es RourceS exn¥d Transfere At28 Fgbruary 2025 Reslricltrd funds 20.000 120.0001 15-
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 21 Restricted funds ICoTrtlnuedl Prevlou8 year.. Al 1 March 2023 In¢omlng r•sourc•s Resourcos gxponded Tran$f•rs At29 F•bruary 2024 Restricted 15,1B5 12,0201 113.1651 Tho Energy Saving Trust grant was in relation lo the inslallation of LED floodlights, as these were eapitalised during the year. the restricted grant was transferred to unrestricted funds as tho raslrfcton has now been met. Th8 rèstrictèd fund in the prior year was in relation to th8 Energy Efficiency Developrnent plans and the Digital Development plan5. The En•wy Efficiency grant w3s In relation to solar panels. as these wer¢ capitalised. the restricted grant was transferred lo unreslricted funds as the reslri¢lion was met. The Digital Development granl was spent during Ihe prior year. 22 Unre$tri¢tsd funds At 1 March 2024 Incoming rosourcos R¢8oure•# expended Translers At28 February 2025 General fLnds 789,501 288,095 1268,9271 20,000 828,669 Previous yo4r'. At 1 March 2023 Incomlng iesour¢es R•$ources expended TransfeTS At29 February 2024 General funtjs 753,5 255,002 1232,2621 13,165 769,501 AnalysSs of net assets lJ¢tw¢¢n fund$ Unre5tricttrd funds 2025 At 28 February 2025- Tangible assets Current asselsllliabilitiesl Long term liabilities 705,050 133,860 110,2411 828.669 16
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025 23 Analysis of net assets b•tween funds Icontlnu•dl Unrgstrlct•d lunds 2024 At 29 February 2024: Tangible 8SS8ts Currgnt assatsllliabilitlosl 712,$16 76,985 789,501 Rèloted party Iransactlons There w¢re no disclosable related party tron$actions durin9 Ihe year12024- non&l. 17.