Charlty regFStratlon number SC049153 (Scotlandl Company r8glstration number CS003906 (Scotlandl NAIRN SPORTS CLUB SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 A9 Ac¢ounlancy Limited Chartered Accountants Elm House Cradlehall Business Park Inverness IV2 5GH
NAIRN SPORTS CLUB SCIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees l O'Grady-Scott D Mcalpine R Dawson A Masson I Ward N Ainslie L Newstead T Chamberfain A Savage (Appointed 7 May 20251 (Appointed 7 May 20251 (Appointed 7 May 20251 Charlty number IScotland} SC049153 Company numbgr CSC103906 Registered offlce Viewfield Drive K¢ng stet Nairn IV12 4HW Independent examiner Hollie Mackay CA Independent Examiner A9 Accountsncy Limited Elm House Cradlehall Business Park Inverness United Kingdom IV2 5GH
NAIRN SPORTS CLUB SCIO CONTENTS Page Trustees. report Slalemenl of Iruslees. responsibilities Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial slalements 7-16
NAIRN SPORTS CLUB SCIO TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2026 The trustees. who are directors for the purposes of company law present their annual report and financial statements for the year ended 28 February 2026. The financial slatemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial slalemenls and comply with the charity's governing documents, the Charities and Trustee 1nveslment (Scotlandl Act 2005, the Charities Accounts (Scollandl Regulations 2006 las amendedl and "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. Ob5ectlves and activities The purposes of the charity are.. al lo promote. encourage and develop an interest in sport for all., bl lo promote the benefit and advantages ol partiapalion in sport., cl to provide facilities in the interest of social welfare for recreation and leisure time activities with the aim of improving the quality of life for those involved., dl lo promote sport amongst young people. provide facilities for the coaching and heaKh education of young people and encourage partiopalion in sport by said young people., el to arrange matches with other organisations to encourage team spirit and social interaction. Slgniflcant activities Along with the basic provision of a fully equipped gym, tennis, squash, and badminton Courts the club provides an extensive class program including pre school fitness, stretch and relax, circuits, boxercise and Zumba. Coaching is also provided for juniors, youths and adults in tennis, squash, badminton and football. Achlevements and perfomiance Significanl aclivitftes and achievemenls against objectives It has been another productive year al Nairn Sports Club. There has been many discussions about the car park over the years. There has been areas patched ar rnaintained. however, a decision was made lo re-lar the surface and painl new lines at a cost of £24k. This took place in Aprill May 2025 and has made a tremendous difference. For many years now there has been an issue with water entering the reception. 11 was originally believed it was coming from the palio doors, however, after investlgation there has been an issue with the pitch on the roof. Work will now be carried out lo remove part of the roof and repla with sheets. The company will also repair and replace the guttering around parts of the building and will repair areas on the sports hall roof. Work commenced in February 2026 and should be complete by March 2026. Total costs for the works will be £30k. In August we had work carried out on 2 squash courts. The walls were repainted and the floors sanded and lines painted. The total cost was £5.800. Along with squash, our courts are used lor many a¢tivilies. classes, tsble tennis, martial art training, boxing, fitness sessions etc. 65 700/0 of our club usage is wrthin the gym, therefore we continue lo improve the equipment offer. We conducted a gym survey specific lo establish what the members are looking for and purchased 3 new pEces of equipment and replaced all the weight plates. We now have bright coloured weight plates which makes a massive differen lo the look of the gym. The trustees have agreed a budget to continue year on year lo improve the gym fac51ilies. We continue to review our classes and activity timetable and made some investment in class equipment in February 2026 The class numbers continue to grow and our instructors do amazing work lo keep everything fresh. 3 female classes were introduced in July and have been booked out weekly.
NAIRN SPORTS CLUB SCIO TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Pickleball numbers have increased dramatically. with all of our drop-in sessions booked out and many members now booking the hall lo play with friends. This is currently played in the Sports hall. however, lines have been painted on out MUGA, which allows ould¢X•r play in the better weather. We pride ourselves in the diversity of classes and activities we offer for all ages and abilities. We will continue to seek ways to improve the club for all our members and the MmUnitY of Nairn. Flnanclal review Reserves poIY The club aims to keep enough funds lo cover months working copilal which is equivalent lo £45.000. The reserves policy has been achieved this year and in the previL)us year. structure. governance and managfrment On the 11th May 2010 the c14Jb achieved charitable slalus. The charity is controlled by its governing document. the club's constitution and a Scottish Chaniable In¢orporaled Organisation ISCIOI. The trustees. who are also the diredors for the purpose of company law, and who served during the year and up to the dale of signature of the financial stalemenls were.. l O'Grady-Scott D Mcalpine R Dawson M Fraser A Masson I Ward A Melville N Ainslie S Simpson J Hourston R W)Ite L Newslead T Chamberlain A Savage D Robertson {Resigned 7 May 20251 {Resigned 7 May 20251 IResigned 13 January 2026) IResigned 13 January 20261 IResigned 7 May 20251 IAppoinled 7 May 20251 (Appointed 7 May 20251 (Appointed 7 May 20251 (Appointed 7 May 2025 and resigned 25 June 20251 Recruitment and 8ppointmenl of Iwslees The trustees are office bearers of N8irn Sports Club SCIO. The office bearers are re-elected annually al the dub's annual general meeting. The Iruslees, re ort as approved by the Board of Tfuslees. l O'Grady-Scott Trustee Date.. zz
NAIRN SPORTS CLUB SCIO STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 28 FEBRUARY 2026 The trustees, who are also the directors of Nairn Sports Club SCIO for the purpose of company law, are responsible for preparing the Trustees. Report and the financial slaternenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Iruslees lo prepare financial slalements for each financial year which give a true and faif view of the slate of affairs of the charity and of the incoming resources and applicab.on of resourees, including the income and expenditure, of the charitablè company for that year. In preparing these financial 51alemenls. the Iruslees afe required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent., stsle whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial slalements., and prepare the financial slalements on the going concern basis unless it is inappropiiate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
NAIRN SPORTS CLUB SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAIRN SPORTS CLUB SCIO I report on the financial statements of the charity for the year ended 28 February 2026. whieh are sel out on pages 5 to 16. Respectlve responslbilities of trustees and examiner The charity's trustees. who are also the directors of Naim Sports Club SCIO for the purposes of Company law, are spOnsIble for the preparation of the financial slalemenls in accordance with the terms of the Charities and Trustee Investments (Scollandl Act 2005 and the Chaiilies Accounts Iscotlandl Regulations 2006. The Iruslees consider that the audit requirement of Regulation 1011 Ilal lo Icl of the 2006 Accounts Regulations (bes not 8pply. 11 is my responsibility to examine the financial statements as required under section 4411 Ilc} of the Act and lo slate whether particulai matters have come lo my attention. Basls of Independent examingr's ststement My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those reeords. 11 also includes consideration of any unusual items or disdosures in the financial slalements, and seeks explanations from the trustees Conrning any such matters. The pr0d4Jres undertaken do not Provide a51 the evidence that would be required in an audit and consequently I do not eXpsS an audit opinion on the view given by the financtal stslements. Independent examlner's statement In connection with my examinalion. no matter has come lo my attention.. lal which gives me reasonable cause lo believe that in any material respect the requirements". to keep accounting records in accordance with section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations", and lill to prepare finanaal statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulalions., have not been mel or Ibl to which, in my opinion. attention should be drawn in order to enable a proper understanding of 11 financial slalemenls lo be reached. Hollie Mackay CA Independent Examiner Ag AOuntancY Limited Elm House Cradlehall Business Park Invemess IV2 5GH United Kingdom Dated..
NAIRN SPORTS CLUB SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2026 Unrestrlcted funds 2026 Total Total 2026 2026 Notes Income and endowments from: Donations and legacies Charitable aciivilies Olhei income 20.000 282,062 6,033 314,398 8,987 314,398 8,987 Total Income 323,385 323,385 308.095 Expendlture on.. Raising funds Charitable activities Other expenditure 167 306.834 167 306,834 126 264.180 4.621 12 Total expenditure 307.001 307,001 268,927 Net income 16,384 16,384 39,168 Net movement In funds 16.384 16,384 39,168 Reconclllatlon of funds: Fund balances at 1 March 2025 828,869 828,669 789,501 Fund balances at 28 February 2026 845.053 845,053 828,669 The statement ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities.
NAIRN SPORTS CLUB SCIO BALANCE SHEET ASAT 28 FEBRUARY 2026 2026 2025 Notes Flxed assets Tangible assets 14 685,377 705,050 Current assets Stocks Debtors Cash al bank and in hand 15 16 45 4,875 177,339 39 3,115 142,497 182,259 145,651 Credltors.. amounts falllng due wlthln one year 18 113,8151 111,791) Net current assets 168,444 133,860 Totsl assets less currènt liabilities 853,821 838,910 Creditors- amounts falling due after more than one year 19 {8,7681 {10,2411 Net assets 845,053 828,669 The funds ofthe charty Unreslricled funds 22 845,053 828,669 845,053 828.669 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies kt 2006, for the year ended 28 February 2026. The directors acknowledge their responsibilities for complying with the reqviremenls of the Companies Act 2006 with respect lo accounting records and the preparation of financial stalernenls. The members have not required the cornpany to obtain an audit ol ils financial stslemenls for the year in question in aecordance vitlh section 476. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on . zz l O'Grady-Scott Trustee D Mcalpine Trustee
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 Accounting pollcles Charity infom7atSon Nairn Sports Club SCIO is a Scottish Charitable Incorporated Organisalion ISCIOI. The registered office is Viewfield Dnve, King Street, Nairn, IV12 4HW. 1.1 Basis of preparallon The finaneial statements have been prepared in accordance with the charity's goveming d¢xument. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Iieland" and the Charities SORP 'Accounting and Reporting by Charities". Slalement of Recornmended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefil Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP lor charities not to Prepare a slalanenl of cash flows. The financial slalemenls are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are founded lo the nearest £. Nairn Sports Club SCIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or Iransadion value unless otherwise slated in the relevant accounting policy notes. 1.2 Golng concern Al the lime of approving the financial slalements, the trustees have a Teasonable expectation that the charty has adequate resources to continue in operational existence for the foreseeable future. Thus the IrLBtees continue to adopt the going Concem basis of accounting in preparing the finan¢ial statements. 1.3 Charitable funds Unreslricled income funds are general funds that are available for use at the trustee's dIreOn in furtherance of the objeclives ol the charity. Restricted funds Can only be used for the particular purposes within the objects of the charity. Restrictions arise when speafied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial stslemenls. 1.4 Incom8 Income Is recognised when the charity is legally enlilled to il after any performance conditions have been mel, the amounts Can be measured reliably. and il is probable that income will be received. Grants recelvable Grants are recognised when the charity has an enlillemenl lo the funds and any conditions linked to the grants have been mel. INhen performance conditions are attached lo the grant and are yel to be mel, the income is recogni5ed as a liability and included on the balance sheet as deferred income lo be released.
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Accounting poll¢l¢s Icontlnuedl 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obli9alion lo that expenditure, il is probable that a transfer of economic benefits ¥MII be required in settlement, and the amount of the obligation can be measured reliably. All costs are allocaled lo the applicable expenditure heading Ihal aggregate similar costs to that category. Vvhere costs cannot be directly attributed lo the particular headings they have been allocated on a basis consistent with the use of resour$. with central staff costs allocated on the basis of lime spent. and depreciation charges allocated on the ports'on of the asset's use. Other support costs are allocated based on the spread of staff costs. These are eosls incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable expenditure compromises those costs incurred by the eharity in the delivery of ils activities and services for ils beneficiaries. 11 incluLles both costs that can be allocated diTectly to such activrties and those costs of an indirect nature necessary to support them. These indude the costs attributable lo the charity's compliance wth constitutional and statutory qUIrements, including audit, strategic management and trustees, meetings and reimbursed expenses Support costs include central functions and have been allocated to activity cost eategories on a tosis consislenl with the use of resources, for example, allocating property costs by floor areas, or per capita, staff osls by the time spent and other eosls by their usage. 1.6 Tangible flxed assets Tangible fixed assets are initi'ally measured at cost and subsequently measured at cost OT valuation, net of depreciation and any impairment losses. Depreci8110n is recogni5ed so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Long leasehold property Equiprnenl Office equipment 3%- 4% on cost 250 on reducing balance 200A on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference betrMeen the Sale proceeds and the carrying value of the asset, and is recognised in the stslemenl of financial aclivities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets lo deterynine whether there is any indication that those assets have suffered an impairment loss. 11 any such indication exi515, the recoverable amount of the asset is estimated in order lo determine the extent of Ihe impoirmenl loss lif any). 1.8 Stocks Stocks are slated al the lower of cost and estimated selling price less costs to complete and sell, after due regard lor obsolete and slow moving stocks. Cost is delertnined using first-in, first-oul IFIFOI. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm liquid investments wlh original malurilies of three months OT less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Accounting pollcles {Contlnuedl 1.10 Financial Instruments The charity has elected lo apply the provisions of Section 11 'Basic Finanaal Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 10 all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity beeomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, wrth the nel amounts presented In the financial statements. when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a nel basis or to reali5e the assel and settle the liability simultsneously. Basic financial assets Basic financial assets, which include debtors and cash 8nd bank balances, are initially rneasured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Finanaal assets classified as receivable within one year are not amort15ed. Baslc financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransath'on, where the debt instrument is measured at the present value of the future payments discounted 818 market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, Lssing the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities Trade creditors are recognised initially al transaction price and subsequently measured at amorb'sed cost using the effective interest method. Derecognltion of financial liabilities Financial liabilities are derecognised when the charty's contractual obligations expire or are discharged or cancelled. 1.11 Taxalion The charity is considered lo pass the lesls set out in paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a chariiable company for UK corporation lax purposes. Accordingly, the charity is potentially exernpl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable GainsAct 1992, to the extent that such income Of gains are applied exclusively to charitable purposes. 1.12 Employee beneflts The cost of any unused holiday enlillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to lerminate the employment of an employee or to provide lerminalion benefits.
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Accounting policles Icontinugdl 1.13 Retlrement bgneflts The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or conslruclive obligation lo pay further contributions even if the fLJnd does not hold sufficient assets to pay all employees the benefits relating lo employee service in the current and prior periods. Payments lo defined contribution retirement benefit schemes a recognised in the Slalemenl of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 1.14 Borrowings Inlerest-bearing borrowings are initially recorded al fair value, nel of transaction costs. Inleresl-bearing borrowings are subsequently carried at amortised cost. with the difference between the proceeds, nel of tiansaction costs, and the amount due on redempts'on being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is induded in interest payable and similar charges 8orrowings are classified as current liabilities unless the charty has an uneondilional right to defer settlement of the liability for at least e1ve months after the reporting dale. Critical accounting e$tlmates and judgements In the application of the ch8rily's accounting policies, the Iruslees are required to make judgements, eslimales and assumptions about the carrying amount of as5els and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other laclors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the peiiod of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Restrlctod funds 2026 Restrlcted funds 2025 Grants 20,000 Grants Energy Saving Trust 20,000 20,000 10-
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Income from charltsble actlvltles Unrestrlcted funds 2026 Unre5trlcted funds 2025 Charitable actlvltles Member subscriptions Non-membership income Coaching income 274,576 30,924 8.898 246.968 23,502 11,592 314,398 282,062 Other incom8 Unrestrlctsd Unrestricted funds funds 2026 2025 Net gain on disposal of tangible fixecf assets Hall, Equipment Hire & Refreshments 1,238 7,749 6,033 8.987 6,033 Expgndlturo on ralslng funds Unrgstrlctod Unrestricted funds funds 2026 2025 Fundraising and publicity Refreshments & Equiprnenl Consumables 167 126 11
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Expendlture on charitable actlvltles 2026 2025 Dlrect costs Staff costs Depreciation and impairment 121,039 51.266 112,121 49,354 172,305 161,475 Share of support and governance costs (see note 81 Support Governance 132,874 1,655 101.130 1,575 306,834 264,180 Analysis by fund Unrestricted funds 306,834 264,180 Support costs allocated to actlvltles 2026 2025 Rent and rates Light and heal Sundry expenses Insurance Repairs and maintenance Coaching cos15 Subscriptions and licences Oftice costs Professional fees Governance costs 1,465 16,279 4,061 7,838 75,513 11.069 8,996 1.608 6,045 1,655 8.509 16,086 3,623 7,101 39,667 9,912 8,275 2,335 5,622 1,575 134,529 102,705 Analysed between: Charitable activities 134,529 102,705 Independent examinerfs remuneratlon 2026 2025 Examination of the financial ststements 1,655 1,575 12
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 10 Tru$t&e$ No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefrts from the charity during the year. 11 Employees The average monthly n4Jmber of persons linduding senior management I leadership teaml employed by the harily during the year expressed as full lime equivalents was as follows.. 2026 Number 2025 Number Employment costs 2026 2025 Wages and salaries Other pension costs 118,608 2,433 109,669 2,452 121,039 112,121 There were no employeès whose annual remuneration was more than £60,000. 12 Other expendllurg Unrestricted Unrestrlcted funds funds 2026 2025 Net loss on disposal of tangible fixed assets 4,621 13 Taxatlon The charity is exempl from laxalion on ils activities because all ils income is applied for charitable purposes. 13-
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 14 Tanglblg fixed assgts Long leasehold prtsperty Equipment l)ffi¢e •lluipmen¢ Totsl Cost At 1 March 2025 Additions Disposals 889,065 297,072 31.639 1101,969} 4,330 1,190,467 31,639 1101,9691 At 28 February 2026 889.065 226,742 4,330 1,120,137 Depreclatlon and Impalrment Al 1 March 2025 Depreciation charged in the year Eliminated in respect of disposals 226,680 35,563 254.904 15,501 1101,9231 3,833 202 485,417 51.266 1101,9231 Al 28 February 2026 262,243 168,482 4,035 434,760 Carrying amount Al 28 February 2026 626,822 58,260 295 685,377 Al 28 February 2025 862.385 42.168 497 705,050 2026 2026 Long leasehold 626,822 662,385 15 Stocks 2026 2025 Stocks 45 39 16 Debtors 2026 2025 Amounts falllng duo wlthln one year.. Prepayments and accrued income 4,875 3,115 14-
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 17 Loans and overdrafts 2026 2025 Other loans 10,250 11,732 Payable within one year Payable after one year 1,482 8,768 1,491 10,241 The Energy Saving Trust loan is interest free and repayable over 8 years. 18 Creditors: amounts falling due withln one year 2026 2026 Borrowings Other taxation and social security Accruals and deferred income 1,482 535 11,798 1,491 359 9.941 13,815 11,791 19 Creditots.. amounts falling due after more than one year 2026 2026 Borr¢)wings 8,768 10,241 20 Retirement boneflt schemes 2026 2025 Defined contributlon schemes Charge to profil or loss in respect of defined contribLttion sehemes 2,433 2,452 The eharily operates a defined contribution pension scheme for all qualifying employees. The asgels of the scheme are held separately from those of the charity in an indepen¢Jenlly administered fund. 21 Restricted funds Previous year: At 1 March 2024 Incoming resources Transfers At28 February 2025 Restricted funds 20.000 120,000) 15-
NAIRN SPORTS CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 21 Rgstrlcted funds IContlnued} The restricted ftjnd in the prior year was in relation to The Energy Saving Trust grant for the installation of LED floodlights, as these were capilalised the restricted grant was transferred to unrestricted funds as the reslriclion was met. 22 Unrestricted funds At 1 March 202S Incomlng resoUe$ Resources expended Transfers At28 February 2026 General funds 828,669 323,385 1307,0011 845,053 Previous year.. At 1 March 2024 Incomlng Resources resourc9S expended Transfers At28 February 2025 General funds 789,501 288,095 1268,9271 20,000 828,689 23 Analysis of net assets betwegn funds Unrestricted funds 2026 At 28 February 2026: Tangible assets Current asselsllliabilitiesl Long term liabilities 685,377 168,444 18.7681 845,053 Unrestricted funds 2025 At 28 February 2025: Tangible assets Current asselsllliabililiesl Long term liabilities 705,050 133,860 110,241} 828,669 24 Related party transactlons There were no disclosable related party Ir8nsactions during the year12025 - none). 16-