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||||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|
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||||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|
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|||||||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|
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|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||
##
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|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|
##
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|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|
##
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|||||||
|---|---|---|---|---|---|
|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|
##
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##
|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)|
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||||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|
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|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|
##
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|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|