| Page | |||
|---|---|---|---|
| Chairman's | Report 2020 | ||
| Report ofthe Trustees | 2 to 6 | ||
| Report ofthe Independent | Auditors | 7to 8 | |
| Consolidated | Statement | of Financial Activities | |
| Balance Sheet | 10 | ||
| Consolidated | Balance Sheet | ||
| Consolidated | Statement | of Cashflows | 12 |
| Notes to the | Finanaal Statements |
13to 25 |
| for the | year end | ed 31 Decemb | er 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | Funds | |||||
| Notes | 6 | 6 | f | |||||
| INCOME | ||||||||
| Donations and Legacies |
2 | 204,042 | 231,946 | 435,988 | 521,745 | |||
| Charitable activities |
3 | 1,587,519 | 1,497,258 | 3,084,777 | 4,132,598 | |||
| Other income | 4 | 364,814 | - | 364,814 | 187,655 | |||
| Total | 2,156,375 | 1,729,204 | 3,885,579 | 4,841,998 | ||||
| EXPENDITURE | ||||||||
| Raising funds | 5 | 50,000 | 367,460 | 417,460 | 539,788 | |||
| Charitable activities |
6 | 2,207,798 | 1,108,240 | 3,316,038 | 3,851,816 | |||
| Other expenditure | 7 | 341,485 | 341,485 | 436,521 | ||||
| Tote I expenses | 2,599,283 | 1,475,700 | 4,074,983 | 4,828,125 | ||||
| NET INCOME before transfers taxation |
and | (442,908) | 253,504 | (189,404) | 13,873 | |||
| Taxation | (23,309) | (23,309) | (4,000) | |||||
| Transfers between |
funds | 253,504 | (253,504) | |||||
| NET MOVEMENT | OF FUNDS | (212,713) | (212,713) | 9,873 | ||||
| RECONCILIATION | OF FUNDS: | |||||||
| Total funds brought | forward | 2,002,938 | 2,002,938 | 1,993,065 | ||||
| TOTAL FUNDS CARRIED FORWARD | 26 | 1,790,225 | 1,790,225 | 2,002,938 |
| SPORTS | FOUNDATION | |||||
|---|---|---|---|---|---|---|
| CHARI'TY | BALANCE SHEET | |||||
| At 31 December 2020 | ||||||
| 2020 | 2019 | |||||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 174,077 | 239,457 | |||
| Investments | 13 | 1 | 1 | |||
| Intangible assets |
||||||
| 174,078 | 239,458 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 16,633 | 22,518 | ||||
| Debtors | 14 | 443,641 | 1,521,204 | |||
| Cash at bank and | in hand | 1,976,153 | 1,131,322 | |||
| 2,436,427 | 2,675,044 | |||||
| CREDITORS | ||||||
| Amounts falling due within one year |
15 | (1,504,422) | (907,564) | |||
| NET CURRENT ASSETS | 932,005 | 1,767,480 | ||||
| TOTAL ASSETS | LESSCURRENT | 1,106,083 | 2,006,938 | |||
| LIABILITIES | ||||||
| FUNDS | ||||||
| Unrestricted funds |
16 | 921,186 | 1,681,312 | |||
| Designated funds |
16 | 184,897 | 325,626 | |||
| Restricted funds | 16 | |||||
| TOTAL FUNDS | 1,106,083 | 2,006,938 |
| for t | he year e | nde | d 31 D | ecember | ecember | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||||||
| Notes | |||||||||||||
| FIXEDASSETS | |||||||||||||
| Tangible assets | 23 | 5236 278 | 2270 183 | ||||||||||
| CURRENT ASSETS | |||||||||||||
| Stocks | 26,849 | 58,997 | |||||||||||
| Debtors | 24 | 721,231 | 824,872 | ||||||||||
| Cash at bank and | in hand | 2,210,816 | 1,867,393 | ||||||||||
| 2,958,896 | 2,751,262 | ||||||||||||
| CREDITORS | |||||||||||||
| Amounts falling due within one year |
25 | (6,404,949) | (3,018,507) | ||||||||||
| NET CURRENT | ASSETS | (3,446,053) | (267,245) | ||||||||||
| TOTAL ASSETS | LESSCURRENT | 1,790,225 | 2,002,938 | ||||||||||
| LIABILITIES | |||||||||||||
| FUNDS | |||||||||||||
| Unrestricted funds |
26 | 1,605,328 | 1,677,312 | ||||||||||
| Designated funds |
26 | 184,897 | 325,626 | ||||||||||
| Restricted funds | 26 | ||||||||||||
| TOTAL FUNDS | 1,790,225 | 2,002,938 | |||||||||||
| These financial | statements | have been | prepared | in | accordance | with | the special | provisions | of | Part | 15 of the | ||
| Companies Act 2006 relating to small |
charitable | companies | and | with | the FRS 102SORP. |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Net movement in funds for the |
reporting | period | (212,713) | 9,873 | |
| Depreciation charges |
151,157 | 149,507 | |||
| Decrease in stocks |
32,148 | 789 | |||
| Decrease/(Increase) in debtors |
103,641 | (26,631) | |||
| Increase in creditors |
3,386,442 | 1,268,372 | |||
| Net cash flow from operating | activities | 3,460,675 | 1,401,910 | ||
| Cash flow from investing activities |
|||||
| Payments to acquire tangible fixed assets |
(3,122,358) | (246,804) | |||
| Receipts from disposal oftangible fixed assets |
5,106 | 30,000 | |||
| Net cash flow from investing | activities | (3,117,252) | (216,804) | ||
| Net increase in cash and cash equivalents |
343,423 | 1,185,106 | |||
| Cash and cash equivalents | at beginning | of period | 1,867,393 | 682,287 | |
| Cash and cash equivalents | at end of period | 2,210,816 | 1,867,393 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| GROUP | Unrestrictedf | Restrictedf | 2020f | 2019f | |||
| School and soccer | activities | 1,527,749 | 351,220 | 1,878,969 | 2,120,818 | ||
| Community related |
activities | 355,954 | 355,954 | 225,280 | |||
| Disability related activities |
111,650 | ||||||
| Social engagement | activities | 462,468 | 462,468 | 809,191 | |||
| Education related |
activities | 52,360 | |||||
| Hire income | 58,862 | 58,862 | 95,199 | ||||
| Fundraising events |
327,616 | 327,616 | 699,927 | ||||
| Scheme kit accessories | 908 | 908 | 173 | ||||
| Other income | 18,000 | ||||||
| 1,587,519 | 1,497,258 | 3,084,777 | 4,132,598 | ||||
| 4. | OTHER INCOME | ||||||
| Total | Total | ||||||
| GROUP | Unrestricted f. |
Restrictedf | 2020 f. |
2019 f. |
|||
| Kit income (The Nest) | 117,645 | 117,645 | 187,655 | ||||
| Rental income (The | Nest) | 2,250 | 2,250 | ||||
| Government Support |
(Furlough | 244,919 | 244,919 | ||||
| Claims) | |||||||
| 364,814 | 364,814 | 187,655 | |||||
| 5. | TOTAL EXPENDITURE | ||||||
| Total | Total | ||||||
| GROUP | Direct Activities f. |
Supportf | 2020 f. |
2019 | |||
| Cost of raising funds | 237,460 | 180,000 | 417,460 | 539,788 | |||
| Charitable Activities |
(note 6) | 1,816,881 | 1,499,157 | 3,316,038 | 3,851,816 | ||
| Other expenditure | 62,172 | 279,313 | 341,485 | 436,521 | |||
| 2,116,513 | 1,958,470 | 4,074,983 | 4,828,125 |
| ANALYSIS OF CHARITABLE | EXPENDITURE | EXPENDITURE | EXPENDITURE | EXPENDITURE | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | ||||||||||
| GROUP | Project Costs 6 |
Support Costs | 2020 6 |
2019 f |
|||||||
| Soccer and school activities | 633,824 | 36,000 | 669,824 | 835,410 | |||||||
| Community related activities |
312,585 | 35,500 | 348,085 | 192,600 | |||||||
| Disability related activities |
164,002 | ||||||||||
| Social engagement activities |
351,632 | 351,632 | 899,173 | ||||||||
| Education relation activities |
62,334 | ||||||||||
| Hire related activities | 20,651 | 20,651 | 21,760 | ||||||||
| Project funding, bursaries and |
|||||||||||
| donations | 55,000 | 55,000 | 55,000 | ||||||||
| Other running costs |
498,189 | 1,372,657 | 1,870,846 | 1,621,537 | |||||||
| 1,816,881 | 1,499,157 | 3,316,038 | 3,851,816 | ||||||||
| Where a management fee is applied |
to a | grant these | encompass | the | Support costs | and have been | |||||
| classified as so. All Disability |
and | Health | projects are | now accounted | for within Community |
related | |||||
| activities. | |||||||||||
| OTHER EXPENDITURE | |||||||||||
| GROUP | Total | Total | |||||||||
| Unrestricted | Restncted | 2020 | 2019 | ||||||||
| 6 | 6 | f | 6 | ||||||||
| Other running costs (The Nest) |
341,485 | 341,485 | 436,521 | ||||||||
| 341,485 | 341,485 | 436,521 | |||||||||
| NET INCOMING/(OUTGOING) | RESOURCES | ||||||||||
| Net resources are stated after | charging: | 2020 | 2019 | ||||||||
| 6 | 6 | ||||||||||
| Auditors' remuneration |
5,775 | 5,500 | |||||||||
| Depreciation —owned assets | 151,157 | 149,507 | |||||||||
| Amortisation | |||||||||||
| Operating lease rentals |
Rent | of | land and buildings | 18,000 | 18,000 | ||||||
| Hire | of motor vehicles | 1,560 | 27,405 |
| STAFF COSTS | |||
|---|---|---|---|
| GROUP | |||
| 2020 | 2019 | ||
| Staff costs were as | follows; | 6 | 8 |
| Wages and salaries | 2,029,913 | 2,047,899 | |
| Social security costs | 172,075 | 170,834 | |
| Pension costs | 51,314 | 47,076 | |
| Other employment | costs | 22,095 | 16,244 |
| 2,275,397 | 2,282,053 |
was: |
, |
q | , | y |
y | ||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Trustees | 9 | 8 | |||||
| Permanent | staff | 83 | 83 | ||||
| Part-time coaching staff | 41 | 57 | |||||
| TAXATION | |||||||
| 2020 | 2020 | 2019 | 2019 | ||||
| Group | Charity | Group | Charity | ||||
| 8 | E | ||||||
| Corporation | tax charge | for the year | 3,309 | 4,000 | |||
| Movement | on deferred | tax | 20,000 | ||||
| 23,309 | 4,000 |
| ANGIBLE FIXED | ASSETS | ||||
|---|---|---|---|---|---|
| CHARITY | Leasehold | Fixtures, | |||
| property | Pitch | fitting 8 | Website | ||
| improvements | refurbishment | equipment | Development | Total | |
| 6 | E | 6 | 6 | ||
| COST | |||||
| At 1 Jan 2020 | 338,837 | 58,609 | 267, 126 | 29,336 | 693,908 |
| Additions | 5,352 | 5,352 | |||
| Disposals | 19,147 | 19,14~9 | |||
| At 31 Dec 2020 | 338,837 | 58,609 | 253,331 | 29,336 | 680,113 |
| DEPRECIATION | |||||
| At 1 Jan 2020 | 197,075 | 20,076 | 225,012 | 12,288 | 454,451 |
| Disposals | (14,041) | (14,041) | |||
| Charge for year | 31,710 | 5,941 | 21,308 | 6,667 | 65,626 |
| At 31 Dec 2020 | 228,785 | 26,017 | 232,279 | 18,955 | 506,036 |
| NET BOOK | |||||
| VALUE | |||||
| At 31 Dec 2020 | 110,052 | 32,592 | 21,052 | 10,381 | 174,077 |
| At 31 Dec 2019 | 141,762 | 38,533 | 42,114 | 17,048 | 239,457 |
| CHARITY | 2020f | 2019f | |||
|---|---|---|---|---|---|
| Trade debtors | 156,958 | 241,877 | |||
| Accrued income | 262,499 | 224,511 | |||
| Amounts owed |
by group undertakings | 887,847 | |||
| Other debtors | 24,184 | 166,969 | |||
| 443,641 | 1,521,204 | ||||
| CREDITORS: | AMOUNTS FALLING DUE |
WITHIN ONE YEAR | |||
| CHARITY | 2020 f |
2019 f |
|||
| Trade creditors | 45,417 | 135,583 | |||
| Taxation and social security | 31,817 | 40,188 | |||
| Payments received in advance ofprojects |
15,296 | 2,782 | |||
| Amounts owed |
by group undertakings | 184,895 | |||
| Accruals and deferred income (see below) |
1,226,997 | 729,011 | |||
| 1,504,422 | 907,564 | ||||
| Deferred income comprises ofthe following | amounts | which have been | designated as relating to future |
||
| periods by the |
grant providers: | ||||
| Total | |||||
| Unrestricted f |
Restricted | 2020 f |
|||
| Balance as at | 1 January 2020 | 39,334 | 456,881 | 496,215 | |
| Less: release of amounts deferred in prior |
periods | (39,334) | (456,881) | (496,215) | |
| Add: amounts | deferred to future periods | 242,279 | 547,153 | 789,432 | |
| Balance as at | 31 December 2020 | 242,279 | 547,153 | 789,432 |
| CHARITY | 2020 | 2019 | |||
| General | Designated | Restricted | Total | Total | |
| funds | fundf | funds f. |
funds f. |
fundsf | |
| Fixed assets | 174,078 | 174,078 | 239,458 | ||
| Net current assets | 747,108 | 184,897 | 932,005 | 1,767,480 | |
| 921,186 | 184,897 | 1,106,083 | 2,006,938 |
| MOVEMENT | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| CHARITY | movement in |
||||||
| At 1.1.20 f |
funds f. |
At 31.12.20f | |||||
| Unrestricted | funds | ||||||
| General funds | 1,681,312 | (760,125) | 921,187 | ||||
| Designated | fund —Carrow Park | 19,500 | 6,500 | 26,000 | |||
| Designated | fund —Staff | 100,000 | 100,000 | ||||
| Designated | fund —Facility Provision | 147,230 | (147,230) | ||||
| Designated | fund —Run | Norwich | 58,896 | 58,896 | |||
| 2,006,938 | (900,855) | 1,106,083 | |||||
| Restricted funds | |||||||
| National Citizen Service |
|||||||
| TOTAL FUNDS | 2,006,938 | L900,855) | 1,106,083 | ||||
| Net movement in funds, |
included | in the above are as follows: | |||||
| Transfer | |||||||
| Incoming | Resources | between | Movement in |
||||
| resourcesf | expended F |
funds f |
funds f |
||||
| Unrestricted | funds | ||||||
| General funds |
1,608,520 | (2,762,879) | (1,154,359) | ||||
| Designated | fund | 253,504 | 253 504 | ||||
| 1 608 520 | ~2762 879) | 253,504 | ~900,1)55) | ||||
| Restricted | funds | ||||||
| National Citizen Service |
(b) | 462,468 | (351,632) | (110,836) | |||
| Fundraising | (c) | 559,562 | (468,581) | (90,981) | |||
| Community projects Schools related projects |
(d) | 355,954 351,220 |
(327,391) ~328,096) |
(28,563) ~23,724) |
|||
| 1,729,204 | (1,475,700) | (253,504) | |||||
| TOTAL FUNDS | 3,337,724 | ~4,238,579 | ~900,855) |
| 2020 | 2019 | |||
|---|---|---|---|---|
| 6 | ||||
| Annual commitments |
under operating | leases for land and buildings | ||
| Expiring: | ||||
| After more than five | years | 18,000 | 18,000 | |
| Annual commitments |
under operating | leases for office equipment | and motor vehicles | |
| Expiring; | ||||
| Less than one year | 1,560 | 27,405 |
| The charitable company is associated PLC. |
by virtue | of common direc |
of common direc |
tors with N |
orwich City Fo |
otball Club |
|---|---|---|---|---|---|---|
| During the year, the charitable company |
entered | into the following | transactions | with related | parties: | |
| Norwich City Football Club PLC |
2020 | 2019 | ||||
| E | E | |||||
| Sales and recharges during the year |
511 | 69,449 | ||||
| Amount receivable at 31 December |
500 | |||||
| Purchases, including rent of premises, |
and contribution | to Carrow | Park | 67,000 | 34,470 | |
| Amount payable at 31 December |
1,658 | 8,820 |
| ANGIBLE FIXED | ASSETS | |||||
|---|---|---|---|---|---|---|
| GROUP | Leasehold | Fixtures, | ||||
| property | fitting & | Website | Land & | |||
| improvement | Pitch | equipment | Develop | buildings | ||
| s | refurb | Total | ||||
| 8 | 6 | 6 | ||||
| COST | ||||||
| At 1 Jan 2020 | 338,837 | 58,609 | 375,577 | 29,336 | 2,033,267 | 2,835,626 |
| Additions | 31,988 | 3,090,370 | 3,122,358 | |||
| Disposals | 19,147 | 19,147 | ||||
| At 31 Dec 2020 | 338,837 | 58,609 | 388,418 | 29,336 | 5,123,637 | 5,938,837 |
| DEPRECIATION | ||||||
| At 1 Jan 2020 | 197,075 | 20,076 | 240,672 | 12,288 | 95,332 | 565,443 |
| Disposals | (14,041) | (14,041) | ||||
| Charge for year | 31,710 | 5,941 | 32,722 | 6,667 | 74,117 | 151,157 |
| At 31 Dec 2020 | 228,785 | 26,017 | 259,353 | 18,955 | 169,449 | 702,559 |
| NET BOOK | ||||||
| VALUE | ||||||
| At 31 Dec 2020 | 110,052 | 32,592 | 129,065 | 10,381 | 4,954,188 | 5,236,278 |
| At 31 Dec 2019 | 141,762 | 38,533 | 134,906 | 17,048 | 1,937,935 | 2,270,183 |
| DEBTO | RS: AMOUN | T | S F |
ALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| GROUP | F | |||||
| Trade debtors | 420,041 | 321,579 | ||||
| Accrued | income | 262,499 | 323,541 | |||
| Other debtors | 38,691 | 179,752 | ||||
| 721,231 | 824,872 | |||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| GROUP | 2020f | 2019 6 |
||||
| Trade creditors | 73,522 | 157,885 | ||||
| Taxation | and social | security | 4,334 | 22,010 | ||
| Payments | received | in | advance of projects | 15,296 | 2,782 | |
| Corporation tax |
23,500 | 4,000 | ||||
| Accruals | and deferred | income | 6,288,297 | 2,831,830 | ||
| 6,404,949 | 3,018,507 |
| GROUP | 2020 | 2019 | |||
|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | |
| funds 6 |
fund 6 |
funds 6 |
funds | Fundsf | |
| Fixed assets | 5,236,278 | 5,236,278 | 2,270,184 | ||
| Net current assets | ~3,630,950 | 184,897 | (3,446,053) | (267,246) | |
| 1,605,328 | 184,897 | 1,790,225 | 2,002,938 |