REGISTERED CHARITY NUMBER: SC052143
CALEDONLA GLADIATORS JI¥ THE CoM￿lum
Report of the Trustees and Financial Statements
For the year ended 30 November 2025

Caledonia Gladiators in the Community
Cont¢llts
Pages
Report of the Trustees
Independent Auditors, Report to the T￿￿teeS of Caledonia G]adiatots in the Community
Statement of Financial Activities
Balance She¢t
io
Ststement of Cash Flows
li
Notes to the Financial Statements
12-17

Caledonia Gladiators in the Community
Report of the Trust
For the year ended 30 November 2025
The Tryste¢s present their report with the audited financial ststements of Caledonia Gladiators iTJ the Community (the 'Clwity)
for the y¢ar ended 30 Novetnber 2025 (refetted to as "year" or"2025" throughout the finaThciai statements).
Structur4 goverJwi¢e 4Dd management
Caled¢)nia Gladiators in th¢ Community is ¢onsti￿ted as a Scottish Charitable tn¢¢xporated Organisation. The orgallisation is
gov¢rned by its ConstilutioD and is Jnanaged by its Board of ClJaTity Trustees.
The Constitution provides for & Board of ai least three and llo more than eight Clwity Trustees. The Board rnay appoint eligible
individuals as trustees by majority resolution aud may delegate defined responsibilities to office-bearets or 8ub-committtts,
subject to appropriate reporting arLd oversigbL
During the period. the Board continued to develop its governance arrnwellts, including considerntion of Board eompositio
confiicts of interesl financial oversigbt aud the reckuitjneut of all independeot Chair. Anthony McDaid served as Tnt￿1￿ Chair
duritig the period.
Tn£ytee recrnilment, appointhienl and developma
Th￿teel ar¢ appointed in acwrdance with th¢ CoDslithtion. In Co￿lder]llg appointm¢nts, the Board s¢¢ks an appropriate balance
of skills. experience, illdep¢ndence and knowledge relevant to the Trusvs cl)8titable pwposes alld activities.
Durillg 2024125 the Btydrd idelltified the value of strengthening independent governallc¢ and a￿ed to progress the recrnitment of
an indepeniknt Chair with r¢l¢vant govetDaurk experience al￿ independence from the operatioual activities of Cdedonia
GladIa￿r$.
Cotylicts ofinterat
Th¢ Board recognis¢s the Importan￿ of identifying, recording and appropriately managitig adual or potential coDfli¢ts of inte￿8t.
Trustees are exped¢d to declare relevanl illterests alld Dot participate iti deci5i¢)n5 where a confii¢t requires their withdrawal.
w&% partiadarly relevant to the long-terrn sub-lwe of the and FaDzone. Stephen Paul Timoney and Alison
Reid-Timolley declared their interests in SART Investments LtsL tbe tandiord, 2nd withdrew while th¢ remaining Tr￿￿te&
considered and approved the traDsactioll.
Cbaritsble purposes and aCti￿tte5
Th¢ TnL8t operates for th¢ benefit of the public as a non-profit distributing eharity. Its PTincipal putposes are..
to advance publie participation in b&8ketball by creating opportunities for people of ail ages attd abilities to participate.
to support the tnwrovement of facilities for basketball ill Scotiaol.
to promote coachJn& officiating and volullteering Op￿Tt￿tiltits and accredxtation,.
to supportpeople experiencing disadvantage by reason of age, ill-health, disability, financial hardship or other dtsadvalltage.
to advance learnin& lead¢Tship and developro¢nt opportutiitie$ for athletes, coaehe$, ¢lubs, voli]nteers alld officials"
to support projects alld initiatives ￿￿gned with national basketball d¢velopment stra*gi¢s" and
to advance public participation in a range of sports throu8b the utiiisati¢x] of the Arena and FaDzone.
The Th￿t seek5 to achieve these puws¢s througb Co￿￿￿￿]ty basketball, youth developmenL school alld education activity.
oaching and volunt¢¢ring* paitierships, facility use and ￿der sporting and community activity.
Activitfies, aehievemeDts and pub]ie benefit
2024125 was an important devcl¢)pment year for the T￿￿t. The principal $trdiegic development W&5 securing a long-tenn inl¢rest
in the Arella and FaDzone at Playspor¢ providing a penDan¢nt base frotn which the charity call deliver and expand its putposes.
Basketball remained the wjtral vehicle for participation and developmellL with aetivity focused oll creating routes from first
participation into regular comrnunity basketball alliL wbere appropriate, progression into Club aud pathway activity.
The Th￿t also developed links with scho(Trls. families. volullte¢r5. universities, sporling orgdnisfttions aTLd COn￿Unity partllets.
These relationships support the wid¢r objective of wing sport as a meons of ct¢aliag oppoituttity. confidence, belonging attd
con]mullity coDn¢¢tion.

Caledonia Gladiators in the Community
Report of the Trn8tees (contknued)
For the year ended 30 November 2025
Acth￿tReS, achievements and publlc benefit (￿ntInued)
Reporling-pertodnole
The TtU8V5 separate Impact Report coveTr December 2024 to November 2025 and showcases the development aud continuing
ptsbJi¢ benefit of the activities at￿ facility platfotm established ¢luTing the year.
For context, that wider reporting period records 219 regular youth participanty 130 pathway piayetE, 144 dub fL¥tt]res, 11 weekly
hub sessioDS. five camps. stx competitiou$, basketball $¢ssion5 in 22 South Lanarkshire schools and wider ticketlcorntllunity
engagement with approxitDately 100 schools.
Securlng the long-ttrm interest In the AreDa gnd Fanzone
A D￿jOr milestone during 2024125 was the Tn￿ secuTing a long-temi interest itt Units 3a and 3b at Playsport. cotiyising the
Arena and wociated faciltti¢s.
The transaction pt(>vides the TnLgt with long-tenn security over a substautial spoiting and commutiity facility and cr¢ates a
perman¢rAt plarfomi from which tbe Trnst can d¢liver community baskethall. youth dev¢Lopmen¢ schoo]8 activity, eoa¢h and
voluute¢r development and wider sporting gmd cornmunity use.
The Board considered the transaction fornjally. The conue¢ted Tnw¢¢s declared th¢iT interests and withdrew frotn the meettng
while the re￿￿IllIng Tntste¢s considered and appr(>ved the transaction. The Board concluded the traDsacti¢)o was Ill the
interests of the organisatiott and sUPPOrted the delivery of its c]JaTitabl¢ puryoses.
FIDan¢]￿ rejdew
Th¢ 2024125 financial statements should b¢ read in the ¢ontext of tb¢ Significant long-lern) asset8 s¢cured by the Trust during the
year througb th¢ donation of the Aren4 FaDzone and &8swiated assets.
The reco￿ltiOn of th¢se donated &s8ets results in a sigtiificant amount of iucome being ￿0￿Oised in the 2024125 financial
ststements. This Is a nou-recurring a￿¢)￿ltIll¥ benefit arisitig from tbe traDsfrr of the &ssets to the T[￿St aThd shollld th¢refore be
distitiguished from the Trusts underlying operational iDcome alld expenditrjre.
The recognition of these assets also gives rise to a material attnual deprecitition chaTge. reflecting the allwation of their ca￿Ying
value over their esttmat¢d usefill accouniang lives. Depreciation is a nOn￿a3￿ accowititis ¢harge and thKs not Tepres¢nt an
equivalent aDnual cash payment by the Trust.
As a resul¢ the Ttust is ¢xpected to r¢port all accounting surplus for 2024125. principally refi¢rting the illcon7e recogtiised in
c¢)]uiectiott with the dollated assets. The underlyitig operdtional perforniance of the Trus¢ excluding the I￿paCt of tbe donated
a55ets alld associated depreciation, is also expected to be positive, with the Tr￿st generating a s￿￿1 operatiti8 su￿lus.
Lookng forwar4 the significant value of the &s8ets recogni5ed in 2024125 wilI result XIL mat¢rial annual depreciation charges in
fjjttwe financial periods. Consequelltly. the Thist report accounting deficits in ￿tUre year5 despite maiDtaining a w)sitive
underlying operdtional and cash p)sition.
The Board considers it IM￿rtant that the reported accounting r¢sult is considered in the Context of these sigtjificant llOn-c&sFA and
rLon-reeurrmg accounting entrieg, and that the underlying operational and cash perforniance of the Trjst is also coJ2sider¢d when
asse&ging its fil￿￿181 sustainabijity.
FiF￿ncIalS￿fft￿ary
DeKriptioll
Total incollLe
Operating expenditure before depreciation
Underlying operating Su￿luS
Deprwiation
movernent in funds
Cash at baThk and iti haDd
Total funds at year end
2024125 {£)
11,774,024
300,733
11.156,447
316,844
11,156.447
9,562
I l.l56,447

Caledonia Gladiators ID the Community
Report of th¢ T￿Stee5 (contiDued)
For the year ended 311 November 2025
Flnalleial revieiv (contÈnued)
Reservespolicy
Th¢ char]￿S objective is to mtiilltain Sufficient reserves and liquidity to support the ongoing delivery of its clMritabl¢ *ivities
al￿ meet its obligations &8 th¢y fall due.
At 30 November 2025, the Charity held ullrestticted funds of £11.16 Millio￿ sub5tarLtially all of which wer¢ represented by the
donated Arella and associated fixed assets used directly in fjjrtherance of the Charity's charitable puTroses. As a resul¢ the
majority of reserves aTe not readily available to fiu)d daY-t￿daY operntions. Free reserves, represented by net current asset4
amounted to approximately £24.0(K) #t the year en¢1 The Chkrity's recwring opeTrtionai ¢osts are currently in the region of
£3(M),000 pu annum.
Th¢ Trustees recogtiise that future depreciation eharges on the donated fixed assets will reduce reported r¢serves over time.
How¢ver. as these ¢harge$ ar¢ non-cash in llature, the Trustees cot]sider the Charitys ability to generdt¢ sufficient income and
maintsin adequate cash resouwe5 to be a more appropriat¢ measure of fjnallcial resilience. The Trustees r¢vi¢w the Charl￿S
re*rV￿ position, jiqllidity and funding requirements on an ongoing b&sis and Consider the cutrent level of resources to be
appropriate.
Going concern
The Trustees have considered the Trust's financial positioty c&%h resources, ¢oroDJilments and future platts. Subject to
confirnMtioD througb tbe fitjal aecounts and audit process. the Trustees consider tbat the TN5t adequat¢ r¢80ur¢es lo contillue
its ticlivities for the foreseeabl¢ future and tbat the goiug concern basis of preparation 15 appropriate.
Princlpal rlsks and risk management
The Tr￿$te¢S T¢¢ognise their responsibility for identsfying and managing the principttl risk5 facing the charity. The main areas of
risk include..
fit)alleial sustainability, including th¢ Deed to maintain suffici￿t recurritig income and liquidity"
property and f￿lIlty obligatiODS arising from the long-term Arn and FaI￿)lle sU￿]ea￿. incluthng service charges. utilities,
nllintenan¢e and compliall¢e costs,.
related.paty and ¢onfiict•of.intet¢st risL nwLaged through d￿la￿lOnS, witbdrawal from ¢onfiicted decisions and BoaTd
oversight.
safeguarding and welfare ID progran]mes illvolving Childr￿ young peopl¢ and vulnerable participants.
heatth. safety, licensing aDd event compliane¢ associated with operntiott and use of a major sporting ts¢ility'
Teliance on partner orgaDisations and the need fo¥ tr8nsparen¢ docuttt￿ aTrangements where services are delivered on tbe
Truses behalf. and
the need to evsdellce public b¢Defit and ensure that eharitable assets and resourc¢s remain directed to the Trust'$ PUTPOSes.
The Board's approach is to review maknial risks through its governanc¢. fuwcial alld oper&tional oversight and to tske
proportionate action lo mitigate those risks.
Relationships wlth ¢ODnectsd And partner Organi￿tiOns
The Tn￿t op¢rales within a wider Caledonia aThd Playsport enviroDment and works with a range of sporting. edueatioffj thritable
alld eoujmunity parkners.
Caledonia Basketball Lid has supported comrnwnity activity and Ims provid￿ arxes5 to professional play¢rs. staff and operational
apability. The Board rccognises that the Trust and Caledonia Basketball Ltd ar¢ separate legal entities aTLd that OTrangements
between them must be IraDsparent, appropriately documented and demonstrably in tb¢ inlerests of the charity.
The Trust's long-terllL int¢rest in the Arena and Fanzone is held under a $llb-lease from SART Illvesttt￿ts LtsL As Thoted above.
the connected interests relating to that transaction w¢re forn￿llY declared and managed by the Boar

Caledonia Gladiators in the Community
Report of the Trnst¢¢s (Continued)
For the y¢aT ended 30 Novernber 2025
PlaDS for flltsre perfods
The Tn￿¥8 future prioriti￿ are to build sustainably on th¢ platforni established during 2024125. Priorities I￿lUde..
iiicreasingparticipation. including particip￿10￿ by gir]s, younger age groups alldwiderrepresented commuDities'
attdiDg school ewg¢m¢nt alld strengthening routs$ from school aetivity into regular Community b&sk¢tball.
strengthening pro￿eSsion opportutl1ti￿ from participation into club and competitive b&gketball.
developitig coaches. officials. volunteers. student plaeem¢nts aad leadership opporiutiitis5'
gtowing p8rthuships with s¢hools, sports bodies, universiti¢s. Ch￿ltieS alld con]murrity organisations.
extendjng geographical reach where this w be de]iver¢d sustainably.
improviti8 mA%urement of participatioll. progressiou. eDga8eJnent al￿ social V￿u¢.
M￿lMi5]ng appropriate charitable and ¢ommwty vse of the AEena and FanzAm¢' and
buildthg a sustaxnabl¢ flnancial model ill whi¢h recurritw i￿1)rne supports recwrin8 eharitable acttvity and operating
TRUSTEE'S RESPONSIBILITIES
The Tr￿*tee8 are resN)Dsible for preparing the Tr￿Stee$. Report and the Finallcial Statements ID accordance with applicable law
and Utjited Ktngdom Accounting Standards (Utiited Kingdom Generally Accept¢d Accounting Practice). Th¢ law applicable to
charities in S¢oiland requires the Trust￿ to prepate financial statements for each financial y¢ar which show a and fair view
of the state of affairs of th¢ Charity alld of the Inco￿l￿g resourees and appjicatioll of resources of the C])arity forthat p￿10
Inpreparing these f]nancial Stat￿ents1 generally accepted a¢countingpwtice requitt$ that the Tn]st¢¢s:
Select suitsble accounting policies alld then apply them consistently"
Make jUdge￿ents and eStIn￿t¢S that are T¢asonable al￿ prudent.
State whether the reconllnend8tions of the Statement of R￿01￿mended Practice hav¢ been followeiL subject to aDy n￿terIal
departures disclosed and explailled 113 the finaTLciai statements..
State whether the finatt¢ial ststements comply with applicable accounting Stattdarth and the requirements of th¢ Charities aud
Trustee tnvestrnent (Scotland) Act 2005. the Charity Accounts (Scotlattd} Re￿￿atiOnS 2006. subje¢t to any material
departures disclosed and explained in the financial statements. and
Prepare the financial stal¢ments on th¢ going concern basis unless it is inappropTiat¢ lo presuTn¢ that the CTr￿1ty will contitiue
its activitie$.
The Thjstees are required to act in a￿ordanCe with the Charitics and TnJste¢ Inve5tJnent (Scotland} Aet 2005, withitt the
frarnework of trust law. Th¢y are responsible for keeping adequate ￿Ounting records. sufficient to disclose at time. with
reasonable accuracy* the financial position of the Charity at that time, alld to enable the Trustees to ensure thaL wbere any
stst¢ments of ttc¢ounts are prepared by them under section 44 of the Charities and Tn￿tee tnvesttnent (ScotIat￿} Act 2005 alld
regulation 8 of the Clwities A¢counts (Seotland) Regulation8 2006 (&¥ amended). thos¢ statements of ￿COUnts cO￿pIY with the
requirements of Iegulations U[￿er that provision. They have g¢neTrl responsibility for taking such sleps &5 are reasollably open to
thern to safeguard the assets of the Charity and to prevent amd detect fraud al￿ other iTregulaTiti¢s.
DISCLOSURE OF INFORMATION TO AUDITORS
To the knowledge and belief of each of the persons wkn are Trustees atth¢ time the report is approved..
So far as the TTUStee is aware, there is llo relevant infornjation of wbich the Charity's auditor is u￿Ware. and
Helshelthey has taken all steps that h&15h&lthey ought to have tak¢n as a TnL8tee to make himselflherself aware of atty
relevajtt audit information and to establish that the auditor is aware of that infonllation.

Caledonia Gladiators in the Community
Report of the Tr￿St￿ (continued)
For the year ¢nded 30 November 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registsred Chgrlty number
SC052143
Registered offi¢e
PlaYS￿)rt Ceutre
Stewartfield Way
Fast Kilbride
Glasgow
G74 4GT
Trustse4
Anthony McDaid (Interim chair)
Lisa Palombo
Alison R¢id-Timoney
Brian Clancy {Appointed on 17 D¢ecember 2025)
Peter RatDsay (Resigncd on 17 D¢cember 2025)
St¢phen P&ul-fll]Loney
Alldltors
Arn)Strong Watson Audit Limited
89 Seaward Street
Glasgow
041 IHJ
Bgnkers
Royal Bank of Swtland
Approved by order of the Board of Tn￿leeS on 31 August 2026 and signed on its b¢half by:
Lisa P4lombo
Tnt8tee

Caledonia Gladiators in the Cornmllnity
Ittdependent Auditors, Report to the Trustees of Ca]edonia Gladi*tors in the CommllDIty
For the yeAr ended 30 November 2025
Opinion
We have audited the fu￿￿181 $tstements of Caledonia GIadiators in the CoD]nwwty (the clwity) for the period ended 30th
November 2025 whi¢h comprise th¢ Statement of Financial A¢tivities, the Ba]aDce Sheet, the Cash Flow Ststement and notes to
th¢ f]nancial stat¢ments, including a sunllnary of sigDific&llt accounting policies. The fiDancial reporting framework that has been
applted in their preparation is applicable law and United King(bm Accounting Standards, including Financial Reporting Standard
102 'The Financial Reporting Standard applicable in th¢ UK and R¢public of IrelaDd' (United Kingdom Generally Accepted
A￿o￿lt￿n8 Practice).
Irl our opinion the finallc1￿ statements:
give a true and fair vi¢w of tbe state of the cl)aTitys affairs as at 30th November 2025 and of its incoming resout¢¢s aThd
applteatlOD of resource4 for the p¢riod then end¢d.
have been properly prepared ill accordance with United Kingdom Genernlly Accepted A¢¢ounting Prnctice" an
have been prep￿ed in w¢ordance with the requirements of the Charities and Tn￿te¢ Inve8kn¢nt (Scotland) Act 2005 and
regulation 8 of the CIwTities Accouuts (Scotland) Regulations 2006.
B4sls for Opiffjioll
We cottducted our alldit ia accoIdance with In*rnatiottal Standards OD Auditing IUK) OSAS (UK)) and applithle law. Our
responsibilities under those stattdard5 are fjjrtber described in the Auditors, respollsIlilities for the alldit of tbe financial statements
section of our report. We are independent of the charity in ac￿rdance with the ethical requirements that relevant to our audit
of the fu￿¢la1 ststemeTrts in the United Kingdo￿ including the Finatieial Reporting Cow]cil's Etbical stalldar￿ and we have
fulfilled our other ethic21 responsibilities in accordance with these requir¢ments. We believe tbat the audit evidence we have
obtsined is sufficient and appropriate to provide a basis for Ollr opinion.
CoJJcluslon8 RelatiDg to Going Colleerrj
In auditing the fillanciki ststemellts. we have ¢¢)ncluded that the thistees, use of th¢ going concern basis of a¢covnting in
pr¢paration of the finallcial statements is appropriat¢.
Based on the work we have perfOrn￿d, we have not identified any Rnat¢rial ullcertainties relating to events or conditions tha
individually or collectively, may cast sign]fieant doubt on the clwity's ability to continue as a going ¢¢)ncertt for a period of at
le&gt twelve months frorn when the financial statements ore authorised for issue. Our respoJL8ibilities and the responsibililies of the
stees witb respect to going cotLcern are described in the rekvaDt sections of this reporL
Other inform2tiDn
The other iDf¢)rn)atiott c¢)rnptises th¢ inforjllation iocluded in the Anttual report other thaa the fjtwicial statements and our
Auditots, report thereoll. The Tntstees are responsible for the other infornvation contained within the Annual Teport. Our opinion
oll the finallC1￿ statements does not eov¢r the other iofon]Mtion an& except to th¢ extent oth¢rwise exp]ieitly stated in our r¢po¢
we do not express ally forni of assurance concl￿]0￿ thereon. Our responsibility is to read the other itth>rmation and. in doing so.
onsider wb¢ther the oth¢r inforniation is materially inconsistent with the financial statern¢nts or our knowledge obtsin¢d in tbe
Course of the audii or otherwise appears to be materially misstated. If we identify such rnaterial ittc0llsiste￿ieS or apparent
material misstatements, we aTe required to determine whetber this gives Tise to a material misstatement iti the financial staternents
themselves. If. based on the work we have p¢rfonned. we conclude that there is a rnakrial misstatement of this other informatio
w¢ are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by txception
We baye nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 (as
mended) requires us to r¢port to you if. in our opinion."
The infoll￿oll given in the Thjstecs report is inctinsistellt in any material resped with the fman¢ial statements.. or
Prop¢r accoullting rxords have not been kepL or
The finaucial statements are not ill weement with the accouuting records and r¢tums' or
We hve not received all the infom]ation and explallati¢)DS we r¢quir¢ for our audiL
RespoDsibilltles of tru$tet5
AB explained mor¢ fully in the Tn￿te¢s, rwonsibilities statement, the Tr￿￿e¢S are responsible for the preparation of the financial
staternents which give a trne and fair view, and for such internal control the Tll￿teeS detem)ine is necessary to enable the
prepardtioTh of fillan¢ial statements that are free from misstatemenl wh¢th¢r due to fraud or error.

Caledonla Gladiators in the Community
IDdependeDt Auditors. Report to the Trustees of Caledonia Gladiators Sn the Conllnunfity (¢ontiDued)
For the year ended 30 Noyember 2025
In pr¢paring the fit)ancial statements, the TnL8t¢es are responsible for &5sessing the ¢I￿l￿S ability to eotttinue as a going conc¢
disclosin& as applicable, Dutters related to going ¢oncem al￿ ussng the going concern basis of accouuling unless the Trustess
either inlend to liquidate th¢ ¢haTity or to cease operations, or bav¢ no realistic alternative but to do so.
Auditors, responsibilities for the tudit of the A￿lle1￿1 $t#tsments
We have b¢¢n appointed &4 auditor under section 44(1)(c) of the Charitie5 and Ttustee Investment (Scotland) Act 2005 and report
in accordance with the Aet aBd relevant regulations made or bavsng effect thereunder.
Our Objectiv￿ are to obtain rwonable a&8tsfdn¢e about whetb¢T the fllwicial gtat¢ments as a whok are free from llJat¢rial
misstaternent, whether due to fraud or error. and to issue att Auditors, report that includes our opinion. Reasonable assurdnce is a
bigb lev¢1 of assurallce. but is not a guarantee that an audit eondu¢ted in accordallce with ISAS (UK) will always detect a material
misstatement when It exists. Misstatements can arise from fraud or error and are Considered mat¢rial if, individually or ia tbe
a8￿gate, they could i¢asonably be ¢xpethd to infiuen¢¢ th¢ economie decisions of Users taken on tbe b2si$ of these financial
stat¢ments.
Irregularities, including fraud, are itistances of non-colljpliance with laws alld regulation$. We design proc¢dure5 in line witb our
ruponsibilities, outlined above, to detect material mi5slatements iti r¢spxt of irregularities. including frdU(L The extent to which
our prwedures are ¢apable of detecting itregularities, including fraud is detsiled below..
We obtained an utsder5tanding of the l¢gal aJ)d regulat¢)ry frameworks that are applicable to tbe cljarity, focwing on provisions of
thok laws and regulatio1￿ that had a dir¢¢t effect on the determit￿tiOn of material amounts and disclos￿eS in the financial
ststements. The Jnost relevant frameworks we ideniified include FRS 102. the Charities SORP IFRS 102), the Charities and
Tn￿tee Investment (Scotland) Act 2(K15 and the Clwities AccouDts (Scotlalld) Re￿IonS 2006.
We gained an urlderstanding (Trf how the ch￿lty 15 complying with these laws and regulations by rnaking enquiries of management.
We corrobornted these enquiri¢s througb our review of Submitt￿ returns, relevant correspondellc¢ with regulatory b)dI￿ and
board meeting minutes.
We assessed the susceptibility of the cbariws fillancial ststements 10 material misstaternenL including how fraud migbt oc¢ur, by
ll￿¢ting with JnaBag¢rnent and thos¢ ¢harged with governance to undvstand whtte it w&5 considered ther¢ wa5 susceptibiIity ttTr
fraud. This evaluation also consid¢r¢d how managerncnt and those ¢harged with gov¢rnance oversee tbe implementstion 2nd
operntion of contro]s. In areas of the financial statements where tbe risks were considered to be higher. we perfornied procedu
to address each identified risk
The following procedure8 weTr performed to provide r¢asonable assurance that the finaTLcial statements were fr¢¢ of material
ud and error.
Reviewing minutes of meetings of those charged with gtsvernance, to ensure all key matters identified during the audit
have been appropriately diwussed by Tr￿ste¢s. and that diwussions held at meetings demonslrdtes appropriate
governallee by Tn￿tees.
Reviewing the level of reasotiillg behind the charity's procurenient of legal and professional s¢rvices'
Perforyning audit work procedures over the risk of maTJag¢ment override of ¢oatrols, througb iesting of journal entries
and oth¢r adjustments appropriateness, evaluating business rntionale of sigDifiwit trdnsactions outside the jlorn￿l course
of business and revi¢wing judgments rnade by manager(*nt in their calculation of accountillg C￿lMateS for potential
allag¢rnent bias.
Making enquiri¢s with those cbarged with govettwic¢ as lo where they considered there wds susceptibility to frau￿ their
knowledge of actual and suspected and alleged frau(L"
Consideration of th¢ internal colltrols in place to lllltigat¢ risks of fraud and non4ompliallce with laws and regul&ions.
Our audil Procedures w¢re designed to respond to the risk of material misstaternents in the finallcial statements, ree0￿)]$1￿g that
the risk of not deteetillg a material Jnisstatem¢nt due io fraud is higher the iisk of not detecting one resulting from ￿ror, as
fraud involve intentiouai wncealJnertL forgery, collusioty orni55ion or misrepr¢sentation. There are inherent limitstions ill th¢
auditprocedures perfornled and the fiutherremov¢d nonwcoAnpliaD¢¢ w5th laws al￿ r¢gulations is from th¢ w¢llts and transactions
reflected in the financial ststeEnents, the less ]xkely we aTe to bectsll￿ aware of it.
A fjjrtber description of our responsibilities for the audit of the financial ststements is loeated on the Fil￿1¢181 R¢porting Councxl's
webstte at.. www.frc.org.uklaudityrsrespoLsil)ilities. This description forn￿ part of ourAudit¢)r5' report.
Other Matters
Th¢ financial statements for the year ended 30th Novemb¢r 2024 were not audited. Accordingly. we do not exprcss an OPiDion on
the coThponding figure8.

Caledonia Gladiators in the Community
Independent Auditors, Report to tbe Trustees of CatedoDia Gladiators In the Community (continued)
For the year eDded 311 November 2025
Use of ollr report
This re￿rt is made sol¢ly to the charitys tW5tees, ￿ a body, irA accordance with regulation 10 of the Chariti¢s Accoullts
(Scotlandl R¢gulatiODS 2006. Our audit work has been undertaken so that w¢ might state to th¢ ¢harity's tWStees those mattets we
are required to stste to them ill an Audits>rs' report alld for no other pury>05e. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other thau the charity and its trustees. as a body. for our audit worl for this reporL or
for the opinioDS we have fornied.
Martin Johnston (Senior Statlltory Audltor)
For and on behalf of
Armstrollg WAts&n Audlt Lijnited
Charter¢d Accoulltants & Statutory Auditors
Glasgow
Date: 31 August 2026

Caledonia Gladiators in the Community
Statement of FinaDcl21 Activities
For the year ended 30 l¥ovember 2025
(Unaudited)
2024
Unrestricted
2025
Unrestrieted
funds
IYot¢
IDcom¢ 4nd endovments from:
Donations and legacies
Other charstable activities
I1￿35,524
23&5110
11,774,1124
Exptuditure on cbarltable actliltl¢$
Support costs
Govem2nc¢ costs
{598377)
(19JOO)
(617,577)
Net income
11,1SW7
Reconcili4tSon of funds
Total fuud5 brought fon¥ard
Tothl fvnds carrRed forward
li
11,15W7
The notes ollpagcs 12 to 17 forn an inte￿1 part of tbese flljancial statements.

Caledonia Gladiators in the Community
Balance Sbeet
A¥ at 30 NovetDber 2025
(Ut)audited)
2024
2025
Flxed ass¢ts
Tangible fixed assets
Al,132,797
Current *s¥ets
Deb
sh at baDk and in hand
238JOO
9￿62
248,062
Li•bi]itles
Creditors.. amounts falling due within one year
io
(224A12)
Net eurrent gssets
23,650
TDtsI 4ssets less current ]i8biJities
11,156,447
Net assets
11.15&447
Reprewnted by:
Unrestricted funds
11,15W7
Tot￿ funds
11,156,447
The notes on pages 12 to 17 fonn an itite￿I part of these financial statements.
Th¢ financial statenLents w¢r¢ approved by the Board of Trths aDd authorised for issue on 31 August 2026 and signed on its
bebaIf by..
Ll8a Palombo
Trnstee
Regtstered Chatity number.. SC052143
io-

Caledonia Gladiators in the Community
Statsment of Cash Flows
For the year ended 30 NovetDber 2025
Iunaudited)
2024
2025
Operating activiti
Net ineome
AdiwÉmentsfornon EtenLf.'
Donation of fixed assets
DeprecÈation on fixed wets
11,15W7
(11,449,641)
316
Operating cash flows before Tvorklng capEtal thanges
Increase in debtors
Increase in creditors
23,650
{238,500)
224,412
et cagh ￿llerated from operating actlvities
9,562
Net incr¢ase in cash alld equivalents
Cath alkd cash equivaiellts at l December
9¥2
Cash #lld cash equlvalents 4t 30 November
9J62
The notes on pages 12 to 17 form all integtat part of these fitwicial ststements.
li

Caledonia Gladiators in the Community
Notes to the FInall¢￿ Staternents
For tbe year ended 30 November 2025
A¢countiDg polltfies
Basis of prep4riDg the fillanci￿ statemeDts
These financial stat¢ments are presented in pounds 8ter]iThg {GBP) as that Is the currency in which the Charity's transactions
are denominated. Th¢ financial statemenls have been prepared Ulkder the historical cost CODvention unless otherwise
Specifi￿ within these accounting polictes and in accordance with the United Kingdom Accounting Stalld￿dS, including
Financial Reportillg Standard 102 'The Finall¢ial Reporting Standard applicable in tbe United Kiugdom and Repub]ie of
treland. IFRS102), the Ststejnent of Recommended Practice (SORP) 'Accounting and Reporting by Charities, applieable to
clwities preparing their accoullts iti accordance with the Financial R￿ortillg Standard applicable in the UK and Republic of
Ireland (FRS 102).> published in O¢tobet 2019, the Charities and Tnjstee Investznent (Scotland) Act 2005. the Chazities
Accounts {Scotland) Regulations 2006 (as ajnended) and the Charity's constitution.
The Charity meets the definition of a public l)¢nefit entity uttder FRS 102. Assets and liabilities are initially recognised at
bistorical cost uttlw otherwise stated in the relevant ac¢ountin8 policy.
The preparation of financial statements Tequires the Lse of certain critical accoutttillg ¢stimates. It also requires Trustees to
exercise their judgement in the process of applying the accounting policies. Use of availabl¢ infOrn￿tiOn attd application of
judgement are inherent in the fottnation of estimates. Actud out¢omes in the could differ from such estimatrs. The
ateas itivolving a bigher degree of judgem¢nt or complexity. or ar¢as where &￿UmptiOnS and ¢stIn￿teS are significant to th¢
financial statements are disclosed ill not¢ 2.
Th¢ prillcipal aeeounting wlicies applied in th¢ prep8rntion of these fiDan¢ial ststements are not¢d below. These policies
have been applied consistently to all the years presented in dea]xllg with items which are eonsid¢red material irl relation to
the Chatity's fillalleial statements unless otherwise stste¢L
Going coneern
The Ttusttts bave a Teasonable expectation that the Charity h&5 adequate resources to contillue tn operational existence for
the foreseeable ￿ture. They continue to believe the going concern basis of attountillg appropriale in prepaxing the annual
fllw]cial statellwits. There aTe no matetiai ullcertainties about tbe Cbaritys abijity to continue as 8 going concern.
Income
Income is recogDised in the Ststement of Finattciki Activities once tbe ChaTity has entitlement to the fi]Dds, it is probable
that th¢ income will be reeeiv¢d and the amount can b¢ rneasured relKably. The Charity's main source of income 1$ fro
donations.
Valu¢ in kind
The Charity Jnay receive goods, services, hcilities or other nott-eash b¢n¢fits in support of its cEHTitable activities. Such
th)nations reeogllis¢d as income at fair value where this cam be measur¢d reliably. A cottesptsndillg exp¢ns¢ or asset 15
recognised accorditig to th¢ nahwe of the benefit r¢ceiv¢
Expendlthre
Liabilities are recognised as expenditure as soon as there Is a legal or constrnctive obligttion comrnitting the Charity to that
expellditure, it is probable that & transfer of economic benefits will be Th4uired in settl¢merAt aDd the atnount of the
obligatioTh can be measured ieliably. Expenditure is accounted for on an acctuals b&sis and bas been classified under
headillgs that aggregat¢ all cost related to the category. Where costs ¢annot be directly attributed to particular headings they
have been allo¢at¢d to activities on a basis ¢onsistent with the use of r¢sourrxs.
Charitsble activities cornprise of ¢08ts incurred by the ChaTity in the de]ivery of its day to day activities attd serviees.
Allocatlon and #pportionmellt of eo8ts
Support Costs are those fimctions that assist the work of the Charity but do not directly uttdertak¢ cbatitable activities.
Support costs include back office costs, l¢gal and professional feu which support the Cl)aritys activities. These c4)sts have
been allocat￿ to ¢xpendittwe on ¢I￿ltab￿ activities.
Dott*ted awts
Donated tangible fixed assets are recoglliscd at fail value at the date of doT]ation where that fatr value catt be measured
reliably, with a Co￿¢Sponding amount retoguised as dollation income within DonatioDS arld Legacies. Fair Yalue is
detern]ined using the most r¢liable valuation evidence available, including independent professional valuations. Jnarket data
and other approptiate valuation techniques. Wbere a donated asset COJllprises separat¢ly identifiable components, each
¢omponent is recogDised alld measured separately. Following ifjitial recognition. donat¢d &ss¢ts are depreciated over thexr
estirnated USeft￿ economic lives.
12-

Caledonia Gladiators in the Community
Note5 to the Fkn*ncial Ststements (conthiued)
For the ye4r eDded 30 November 2025
Accounthig pDJicles (tontinued)
T￿￿Eble fix¢d assets
Tallgible fixed assets ate Measured initially on the balance slLeet at their historical cosL All costs incurred to bring a tattgible
fixed asset into its intended working condition are included in the measuretnent of wst.
A tangible f￿ed a58¢t, less its Ksith]al Yalue (its scrdp or realisabl¢ value tt the end of its economi¢ lifr), is depreciated on a
systetDalic basis ov¢r its economic life.
The estimated us¢ful live$ aT¢ as follows..
Plant and equipment
15 yeaxs
Fixtures and fittings
15 yea
Long leosehold propKrty
60 years
Improvement to propety
20 yeaTS
The depreciation charged for the Teporting period is re¢ogDised as aa expense in the Statrment of Financial Activities. Laud
is not depTeciated.
Impairment of tgnglble fixed Assets
At ¢ach repoiting date fixed auets are revi¢w¢d to det¢rniine wheth¢r there is any indication that tbos¢ assets hav¢ suffered
att lmpairll￿llt loss. If tbere is all indication of possible impairrnenL the Te¢overablc amount of any affected asset Is
estimated and c¢)mpared with its caErying amount. If th¢ ¢stillwted recoverable amoullt is lower. the ¢anyitig amount is
reduwj to its estim￿ re¢overable amounL and an itnpairment loss is rxogtiised immediately.
If aa inwainuent loss subsequently reverses. tbe carrying amouThl of the asget is increas¢d to tbe revised estiuwte of its
re¢overable amowi¢ but Dot in eX￿S of th¢ amount that would have been deterniiued had no impairment loss been
reco￿]Sed for the asset in prior years. A teverMI of an impairnient loss is recognised immediately.
Taxation
The Charity has charitsble status and is exempt from income tsx under S￿tion 505 of the Income and Coryjoration Tax&5
Act 1988 and capital gains th under Section 256 of the Taxatiou of Chargeable Gains kn 1992 alld the Charity is entitled to
describe itself as a Swttish cbarity.
Fund¥
Unrestricted fimds comprise donations and other incoming resources received or generated for cI)aTitable purpos¢s. They are
vailable for use at the discretion of the TnL5tees in fi￿￿e[all¢¢ of the Charity's generdl objectives.
All of the Charitys fiwds are ¢urrendy unrestricted and colllained in the accumulated general reserv¢s fjmd.
Finallclal knstrumettts
Financial instruments are recogni8¢d in the financial knents when the Charity be¢omes a paty to the contractual
provisions of the itistrument. FiDancial instruments are initially measured at transaction price unless the arrallgernent
c(￿stilUteS a financillg traDsaction which includes traJ]SaClion costs for fjnancial inslnunents not subsequeD¢ly measured at
fair value. Subsequent to initial reCo￿AIti0￿ they are accounted for as set out below. A financing transaction is measured at
the present value of tbe fvttwe payments discounted at the market rate of interest for similar debt instnunent.
Fiaancial in8tnllnents are classifi¢d as eitl*E 'basic' or'other. in aecordance with Chapter 11 of FRS 102.
At the end of e2eh reporting period, basic financial inStn￿ellts are me&sured at aJnorti8ed cost using the effectiv¢ interest
rate rnethod. All financial itistn]ments not classified as basic are measured at fatr vaLue at the end of the reporting pertod
with the resulting changes recognised xrt income or ¢xpenditure. Where the fair value eaDnot be reliably measure(L they are
recogtiised at cost less impairrnent.
Final￿la1 a￿et$ are derecognised wben tbe contr#th￿l rights lo the ¢￿h flows from the asset expire, or when the Clwity
transferred substantially all the risks and rewards of ovlllership. Financial liabititics are derecognised ODly once the
liability has been ¢xtinguish¢d througb di5¢harge, cancellation or ¢xpiry.
Cugrent assets and current liabilities are measured at th¢ Cash value expected to b¢ paid orrec¢iv¢41
Cajh at ballk and in band
C&8h at batjk is held to meet sbort-tenll cash cojnmitrnellts es they fall thie rather tIMn for investtnent purposes and includes
ash for th¢ day tr> day runtiing of the Charity.
13

Caledonia Gladiators in the Community
Notss to the Flllan¢i¥l Statements (eonthiued)
For the year ended 30 November 2025
Signifi¢ant e8thllatss *nd judgements
EstIn￿teS and judgem¢nts are continually ev8luat¢d and are b&sed on historical experiene¢ 2nd other factors, including
expectaiions of future events that are b¢ly¢ved to be reasonable under the CircUt￿tanCeS. The Charity makes estill￿t¢S arAd
assumptions concerning the fijtttre. The T¢5ulting accounting estirnate5 will, by definition, seldom equal the related a¢tt￿l
results. The Charity makes judgements ill applying accoullting policies.
Yoluation ofdonatedassetr
During the year, tbe Cljarity recognised a Dthtuial th)nated asset cotnprising a leasebold prop¢rty interest together with
various items of sp¢ciaiised planl equipment and fitthouL The valuation of these assets r¢quittd the tsijstees to ¢x¢rcise
judgement ill deterniiaing the most appropriate evidence of fair value at the date of donation. The leasehold iDt¢r¢st was
valued using an independent professional valuation. For certain Sp￿la]ISed fixed assets, observable market inforniation was
not readily available due to the nature of the assets and the abs¢n¢e of all active wket. In these circulnstances, the tDJStees
considered the Ca￿l￿g values of th¢ assets in the dollovs ￿COUnting records, together witb supportlllg information
regarding the assets, Conditio￿ age and ren￿1n1￿ useful ¢con¢)mic lives. and c¢)n¢luded that these valu¢s repiesented an
appropriate estimate of fair value at th¢ date of transfer. Th¢ tNstees are satisfied that the valuatiott methodologies adopted
provide a re&40nable basis for reco8Dising the donated assets in the fllmncial statements.
DowitioDs and lega¢ies
(Ullaudited)
2024
2025
Donations
Donation in kind- services al￿ facilities
Dollation in kind- fixed ￿ets
2A362
59,521
11,449,641
Jl,535524
ltttome frojn other charitsble
(Unaudited)
2024
2025
Sporting fa¢iIity hire income
23&500
Expendltllre on charltable a¢ttvities
(Unaudited)
2024
2025
Support costs (sce note 6)
Governance (see note 6)
59&277
19JOO
617￿77
14-

Caledonia Gladiators in the Community
Not£$ to the Fin&ncl#l Statements {eoDtinued)
For the year ended 30 Nov¢mber 2025
Allalysis of Supptsrt & Governance Costs
IUnaudit¢d)
Swrt ¢￿ts
costs
2025
2024
External audit
L¢ga] and professional fees
Service and llliltty charges
Event costs
Rellt premium Costs
Depreoiation
10,000
9JOO
10,000
9allO
217,650
51,783
12,000
3l6I44
217,650
51,783
12,000
316,844
598277
19,300
617￿77
Trustea, remulltratifjn and beDefits
The TDJStees were not paid any remuneration or giv¢ll any other benefits for the year ended 30 Novejnber 2025 {2024: £Dil).
Trustse$' expenses
No exp¢nses were paid to TnL$te￿ during tb¢ Current year (2024.. £nil).
Tanglble ￿ed ￿Sets
Long leasebold Impn>vemellts
property to property
Plant And Fixtures and
equipment
fitting8
Cost
At l December 2024 (Un&udited)
Additions
6,ILKI,IM)O
4,685,841
619,925
43,875
11.449,641
At 30 November 2025
6.100,0(K)
4,685,841
619,925
43,875
11,449,641
Depreciation
At l December 2024 (Unaudited)
Charge for the year
84.723
195,243
34.440
2,438
316.844
At 30 Nov¢mber 2025
84,723
195,243
2,438
316,844
Net book value
At 30 November 2025
6,015277
4,4911J98
585,485
41,437
11,132,797
At 30 November 2024 Iujwudited)
Debtors
(Unaudited)
2024
2025
Acerned income
238JOO
15-

Caledonia Gladiators in the Conununity
Note5 to the Finajjcial Ststements (conthiued)
Fot the y￿r elld¢d 30 November 2025
lil. Creditors: fajlillg due witbln one year
(Ullaudited)
2024
2025
A¢¢nTa]s
224,412
11. Movement of funds
(Unaudlted)
At l Deeember Net movement At 30 November
2024
In fund$
2025
Unrestricted funds
Genernl fiwd
11,156.447
11,156,447
TOTAL FifNDS
11,156,447
11,156,447
N¢t movement in fijnds. included in the abov¢ are as follows."
IllcorniDg
restsurces
Resource4
expended
Movement ID
fun
Unrestricted fllnds
General fund
11.774,024
(617.577)
11,156,447
TOTAL FtJNDS
11,774,024
(617O7T)
11,156,447
Name fyf Fund
DescrRptio4 Dalure and pllry0￿ of fund
Unrestricted Fullds
Generdl Funds
All TesenTes held by the CbaTity.
12. Analysis of ehaD%es Ill net debt
(UDalldited)
At l Decelllber
2024
At 30 November
21125
flows
Cath and cash equivalents
9.562
9,562
9,562
9,562
16-

Caledonia Gladiators in the Community
Notes to the Financlal Ststsments (conthiue41)
For the year ended 30 Novewber 2025
13. Relatsd party disclosu
o of th¢ Chaxltys Tn￿te¢S are also dir￿torS and shar¢holders of SART Investments Lio]ited and Cal¢doDia Basketball
Limited. Accordingly, these entities are ¢ODsidered related parties of the Charity.
During the year. SART Investtn¢nts Limited donatrd a long le&sehold inter¢$t in the Arena #Dd Fanzone at the Playsport
f￿11]ty together with associated planL equtpmenl and specialised fitpout &ssets to the Charity. The donation w&5 recognised
at a fair Yaiue of £l1.449.641 (2024: £nil) aDd ha5 been inCl￿ded witbin dotstions and le8aci&5 in the Staternent of Financial
Adivities.
During the year, the Clwity incurred utility and service charge costs of £209,912 (2024: £nil) and r¢lltal premium costs of
£12.000 (2024.. £nil) payable to SART tnvestments Litjjited in respe¢t of the o¢cupatioD and use of the Arena and FaDzone
at the Play8POrt facxlity.
During the year. the Charity received £238,500 (2024: £nil) from Caledonka B&sketball Limitcd for the use of the Arena and
Fanzone at the Playsport facility and associated sports facilities in the delivery of its basketball activities.
Caledollia B&sk¢tball Limit¢d also donat¢d £26.362 (2024: £nil) to support the Clwitys ¢haritsb2e activiti￿.
In additioll. Caledonia Basketball Limited provided staff and other resources in SllPPOrt of the Charitys activities during the
year. The value of these donated service4 recognised within donations and legacies aod clwitsble expenditure, amounted to
£59,520 (2024.. £nil).
At th¢ year end. ar[￿ullts due to SART Mvestments Lijnited tot￿led £209.912 (2024.. £nil).
At the year en(L amounts due from Caledonia Basketball Limited totslled £238.500 {2024: £nil).
l& Subsequent events
The￿ bave been events occu￿l￿g after the ba]aDce sheet Ilat¢ that rwiT¢ adjusttnent to. or disclosure ify the fuwicial
statements.
17-