REGISTERED COMPANY PIUMBER: 04100611 REGISTERED CHARITY NUMBER: 1088239 NORWICH CITY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 'ABD825EY' 2410912022 COMPANIES HOiiSE A13
NORWICH crty COMMUNITY SPORTS FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2021 Page Chairman's Report 2021 Report of the Trustees 2to6 Report of the Independent Audilors 7t08 Consolidated Slalement of Finan¢KAI Activibes Balance Sheet 10 Consolhlaled Balance Sheet Consolidated Stslerrent of Cashflo 12 Notes to the Finala1 Statements 131026
NORWICH CITY COMMUNITY SPORTS FOUNDATION CHAII¢MAN'S REPORT 2021 2021 vas a signnlcant and ex11 y for us. We Treted arrfl secoTrJ Flwse ofThe Nest- our amazing communty hub in Nopmch. The Nest now features a main buildit¥J that inrkn an IT siite, a café, two pyiular mthi4Jse spaces. accessible changing rooms. and a physio space. as a frjll-size Ilwthrt 3G prtdi and (Mjr'challenge Woods. adventure play By the end of 2021. The Nesys faalths haj a through of 111.309. incauding parbcipants on the Foundation's various programffes. local grassrry)ts f(N)tbati teams, aThJ olher charilable and c(Mnmunrty oTrJanÉsatsons. Tlus key for us as we are reathing wJ¢h a divew range of pg)ple. The stte has atso be¢(Kne the home of N(xwich Ctty Women's FC. who cyxryte in the FA Women's National Le4ue S(Krtheast Division One. Ourwork continued to have a huge irnpact across (Mjr three key airrs (t. driving Inclusi( for people with disabilrt]'es boosting mentsl health and Wellng inspiring disadvantaged peope. I'd love to pick out some highlwJhts. in 2021: Partirypants on FouThJation programmes received a MUlatIve 4S).000 eThJagemenl hour5 There were over 175 parttapants in ow fwtball and dance program$ for people wrth disabilitses 95% of parentslcareTS of participants in Ir disatrj'lty prrJJramme beIved that the prryJramme had improved the participanys mentd heallh 95% of part¢'cipanls on our Run for Me Kryramme for mental heakh s•d felt inspired to tske on a runnirwj challenge 77% of children on our Premier League Prrmary Stars progrdmff said tt)eir enjoynl of reading had in(xea8ed. 305 young people took part in the National Citizen Sery1 project Elsewhere. there was a welrm relum for of the FtyJrKlal'S fvntraising events suth as the Coa5ts1 Walk Challenge, Gow Day. aThJ Three Peaks Challenge. while Norwich CWS main dub sponsor Lotus generously donataj a final edition Elise that helped to raise £JOO.O(K) from an thine (witi1mI. In September. the vital SUP[ of fvndrajseTS. voknteers. arKI parthw5 was wni%d on the FtyJndat)n's fiTrt ever 'Thanking Day,. I would like also to take this OFP)rtunty to thank former Chair Paul Kne5. and renty departed Trustee Mick Dennis. Their valuable impact over the years is signifi(ant and rewi8ed. Here's lo another exoting 12 rThiS ts the F0uTrj*. Jake Hurnphrny Chairnian CSF
NORWICH cfTY COMMUNrtY SPORTS FOUNDATION REPORT OF THE TRUSTEES for the year ended 31 December 2021 The trustees present their rep¢yl and the audrted consolidated financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the proviSKJns of the Slalemenl of Recommended Pcactice ISORPI "Accounting and Rewltng by chan1. IFRS 102) in preparing the annual report and financial statements of the charity. The financial slalemenls have been prepared in accordan with the xcounting pdicies set out in notes to the financial ststements and compty vlith the Charty's governing dcumenl, the Charrties Act 2011 and Accounting and Reporting by Charities.. Slalement of Recommended Practi applicable lo charrtÈs preparing their accounts in accordance wth the Financkql Rewling Standard applble in the UK and Republic of Ireld published on 16 ju 2014. 1. REFERENCE ANO ADMINISTRATIVE DETAILS Register•d Company number 04100611 (Engnd and Wales) Reglstered Charity number 1088239 Registered office Norwch City Football Club Carrow Road Norwch 'Norfolk NR1 1JE Trustees "M R Dennis (Resigned 23rd September 2021) G L Drake J Humphrey P J Know$ T Smith EM Barham MRKerr Z Ward S George Audito Sexty & Co Chartered Certrfied Attountants & Statutory Audrt¢XS 124 Thorpe Road Nomich NR1 1RS Banker5 Barclays Bank PLC 1 Chuh111 Place London E14 SHP
NORcH crry COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES- CONTINUED for the year ended 31 December 2021 2. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The organisatn is a charitable company limrted by guarantee. incorporated on 1 November 2000 and registered as a charity on 28 August 2001. The Chantab company vfts established under a Memorandum of Ass¢xialion, whh established the objects and pwers of Ihe charttable company. and il is governed by its Articles of Association. In the event of the charitable company being wound up. members are required lo contribute an amount not exceeding £1. during the perioJ of their apwntmenl as a member and for a period of 12 months after res•Jnalion. Appointment and training of new trnstees The directors of the charitable eompary are also trustees for lh8 purposes of chanty law. New trustees a elected by the members al a general meeting. Additionalty. the trustees may appoint a further trustee or trustees. Under the Article5 of Assoeiats"¢ one thi of the trustees are iequired to retire annualty and offer themselves for rtrelection. Due to the nature of the charity. the Board of Trustees is sekcted based ijn their expeits.se and thar abilty to eontnbule to the firture welb'ng of the charity. New trustees are briefed on I•T legal oblwJatvJns as a trusteeldirector under charity and company law, Ihe conlenl of the charty's Memorandum and ArtS d Association. the decision-making prlxess, the bLtsiness plan and supporting financial plans. Principle risk$ and nrtaIntS The key business r¢sks affecting the charty relate to ils fvnding wurces. cperational financial risks and project risks. The Board of Trustees and senior executNes revi the risks of the chantable company on regular basis and have implemented polics and pr¢xedures to rnrtate exposure to these risks. to ensure CoMplnee wi(h health and safety standards for stsff and scheme partKipalors and to ensure that that all regulations regarding the managent and ntact with children are adhered loo. In addrtion, a review of all financk31 risks is undertaken on a regular basis. The main risk currenlty considered signfftanl would be the duction of fvnding from any of the major grants (Jjrrentty receNed. This risk is negated by the use of a funding fall off dUment to ensure that contingency funding is Njenlified to cover any changes. Organisational structure The Board of Twstees. whrth has an independent Chairrnan. meets regular formal board meetings at which they receive detaId actNty and financial reports. They also discuss key projects and ideas with Ihe charity's leadership team, agree and review policies, re prog$$ and monitor perfomance. The board includes direclors and senior management of Nonvich Cty Football Club PIC and trustees th specific expertise trom both private and pl1 sector organk8ion$. The Chief Executive, lan Thomton. oversees the day to day running of the organisalion. Page 3
NORMCH CITY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES - CONTINUED for the year ended 31 December 2021 3. OWECTIVES AND ACTIVITIES The charrtable company's objectives arvj principal activities are delivered for the benefft of ehiklren. young people and adults in Norfolk and other countses in East Anglia, regardless of race. sex. creed, or socAI background. The charrtable company's objectives a. lo provide inclusNe enrOnments for al to enjoy the PhYsal. mentsl. and social benefits of sp)rt. to L5se the power of sport and NorwKh Cty Fwtball Club to engage with hard-t¢jeaeh groups and inspire them to raise their aspiratn$. reach their polenlol. and to xhieve more. lo provide affordable services that achieve whlespread communty impact while supporting t charitabl8 company's sustainabilty lo proVe artd assist in providing flIrtIeS for sport, reCreatn or other letsure time occupation of such persons who have need for such facilrties by reason ol their youth. age, infirmTty or dtsablement, financial hardship, poverty or scrtial and econorn circurrstances or for publi at large in the interest of social wetlare an(1 with the objecl of improving lrfe conditions. for the general purposes of such charitable b(xlies or for such other exdu$Nely charrtable purposes in each case as the trustees may frtym time to time decKIe. The Iruslees have rrred to the Charity Commission's gU•Jare on repO"ng on pubfic benefrt {section 17 of Charities Acl 20111 when revtewng the charty's airrts and obJ"ectives, and when planning the charty's activites. The trustees are therefore confident that the charty meels the publie benefit fequiremenls. 4. ACHIEVEMENT AND PERFORMANCE The chairman ha5 set oui in hi5 reKX)rt the achievements and perforMae of th8 charrtabbe cimnpany. The charty'5 woth is knused around delNeriThJ qualty proiecl$ that promrte s[rt, leisure and educalKJn opportuni£ie5 based on the community's needs. These a¢tNiiies form of a plan moving fomard that is built around the fourKlalions of strong and meaningtul partnerships. 5. FINANCIAL REVIEW TTr results foi the year are sel OLrt on page 9 of the financk?I statements. The net incoming resources for the year amounted to £280.476 all of wh felaled to unfestricted operations. charity operate5 in an environment th B challenging where grant funding remains drfficuh as ompelition now exists from other non-piofrt making organisalions. Reserves Policy Unrestricted The charrtable cofflpany's unrestricted reserves represented, in the maiy. by sh al bank and ¥i hand. Due lo fluctuations in income, the trustees consider thal unreslrided reserves should be enough lo cover the charitable cornpany's planned expenditure for a Feriod of a minimum of three months where possible. Unrestricted reserves at the Yed We £1,944,701. a value th is Ire than the minimum level presuibed by Ihe Iruslees.
NORcH cfFY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES- CONTINUED for the year ended 31 Decern 2021 5. FINANCIAL REVIEW Icontinued) Desi naled The charitable company has eslablish a designated fund reserve to set aside arrKJunls for the fLrture maintenance and repL8cemenl of pitths at Carrow Pa. The charity has estsblished a designated slaff fund reserve to provide for the possibilty where. if a restricted prc¥Jfamme funding falLs off and is not replaced in the short lerni. before $Uring further funding for this prc4famme. we are able lo continue the effect of delivering the pr¢gramrr and sustaining the projects that il is involved in. Restrted Restricted reserves repsent nnIeS receNed by the charitable company for various proje$ {as detailed later in the financial slatemenls). These fvnds a polentially reftjndable to the provKlers as they a condilKinal uwn the income being used f specffied purrThes. Sources of Fundlng The charity receives fvnding from four main sources: Partlt conlribution on actNty programmes.. commercial sponsorship., grants Charitable IrustsffouTrJalions: and donations. The charitable conyny's prwnary sources offvnding are.. i. The grants received from local and national organisat)ns have contributed fundin9 and support towards the many and varied projects undertaken. During the year the charity ¢eNed £2.350,%7 12020.. £2,077.9071 through grant and contract furKling. ii. The charty hokls sc¢cer selKd actwities. which indude soccer schools, after school clubs and development centres. During the year the chafty generated £2,070,19912020'. £1.527.7491 from these activit$. Investment Policy The Ifustees a empowered to invest funds in o manner appropriate. Iwing regard to the security of any investments made and the requirements ofthe Charty CommissneS order. 6. PLANS FOR FUTURE PERIODS The charity has completed construction of its community hub The Nest, follwng a successfvl fvndraising campaign. It will aim lo make The Ne51 a su51ainabEe facilty by using it to deliver its own trt$ as much as possible and by attracting external bcokings and viSrto. The primary ci)jeclive of the charity's fijndraising aclNly wll once again becoff lo support and sustain its communty delwery. The charity will continue to entsfy and devekjp programmes lo tackle sc¢ial issues in Norfoll(, workry in partnership with many key organi5ations. P4e5
NORMCH CITY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES- CONTINUED for the year ended 31 December 2021 7. RESPONSIBILITIES OF THE TRUSTEES The trustees (who we also directors of Norwich Cty ComTNnrty Sports Foundath)n ts the purposes of company law) are responsible for Preparing the report of the trustees and the financial statements in accordance with applieable law avKI Unrted Kingdom Accounting Stand¥ds (United Kir#Jdom Generally Accepted Accounling Practice). Company law requires the tnffjtees lo prepare final stalements for exh financial year. whiGh give a true and fair view of the of the charitable company and of the In9 resources and appli&rytion of iesouTces, including the income and expenditure. of the charitable company for that petK#I. In preparing these finanryal ststemenls, the tru$l8es are required to.. select suitable a¢untIng wlictes and then apF4y them consistently.. observe the methods and principles of the Charites SORP.. make jLKlgments and estimates that are reasonable and PnKlent'. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible keeping PTOFeT accounting reciwds that dk)se with reasonable accurxy at any time the financial position of the chaiitable company arKI enable them to ensure that the financial statement$ comply with the Compans Act 2CQ6. They a resF4)nsible for safeguarding the assets of the charitable eompany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit information of chantable cL¥npany's auditor is unwa. 8nd the trustees have taken all steps lh they ougm to have token to make Ihemsejves aware of any felevanl audr( infom)atson and to establish that the auditor bs aware of the infoFmatKSn Thi5 report has t*en prepared in 8¢¢tydare wth the speual pThtsions of Part 15 of the CthTr>anies Act 2006 relating to small c<ympanies. ON BEHALF OF THE BOARD: S l George- Page 6
Oplnlon We have ath1iled the financial statwwts City StKrfts Fwxlalion (ts 'parent (arilable o)mpanY} and its s$¥alaS (the gfoLV'I for the year ended 31 Dermbor 2021 Ihe IrAMne Statem( Balance Sh8el and notes to the financial statèmèrtts. induding styftrfrt acLw"ng FdThs. The finart¢ial reportry franpwork It1 been 8ppli¢d in thelr preparalxift is apIrable 18w and Uniw thgdom ACtntrY 1ndLK1K Finarr#al Reportmg StsTrJaTd 102 The Finan(xal Reporting Standard app1Thkn in tr UK aThl Ire1 (Unw kn119 Prarkn). In our opinton Ihe fin[al sLite. give a faw of thg state clthe gnjup's paMt ctstfat4e (ThpaS affai as at 31 Dgxmtr 2021. and of the group's incryning resources arKI icatron of resources, ijj ils and expendrture, for the yearthen ended., have been prowty ptspared ACLxNdan¢e rylh Unl1 KIn10M GwraNy Attepw knx)unling Pradic: and Batsis for opwii We cOndted rjjr MIlt in act(¥dar£ ith Int1 statards AlI1r8 (UK) IISAS (UK)) and applicable law. O reswnsibiliti&s LFnder thosè andards * fr¥lheT descwthd in the A¢Ktitorfs res[51b]hI1es for the audit of the financial statemènts section of report. We are Indepdtt ol thè grDUP aFNI paÈnt Chatab rThnpany in 8cfAJrd8n( 7Mlh thè ethical rVITements Ihal are relevant to our aLpJst of Ihe fironaal statements in the UK Iluding the FRC'S Ethical Standa, and we have fvlfilled o other elhical reSFXS1bj1I1es in rnIdae these reql1rets. We tekve that ttE ajdit evmlence we have obtsined is SLfficient J app11? ID provvje a bass orAw). Conclusions Trlaling tr• corbcern In aufJilin9 the finaFwial slaterrerts. we IN4¥e faYKyJed Ihal ts ITrthe use cl ts g¢iry c(Kwm baS of 8r£¥)unling in I prewation of the fina1 statemerts $ appro5x1. Based on the vnrf( bve have Perfrn, we IAve )1 Njenbfied w matenal uwwrtatnls relaling to condth.ons that. indNdually or Cdlectity. rrray cast Sprcant th)Jbt on the gmup's w pamt thwitable 0)mpanS abihty to c(ffllinue as a going The other information ojmprises the InIrnn iluded in the annual othw ttwi thg financ3al statements and our aud$ reFth tsreon. Thè trustees are responsib the rAher inftxmthn conlawEd vitiin the annual rt. Our opinion on Ihe finanaal statements ¢1 nol cover Ihe other infrmakn and. except to Ihe exknt olheA¥is• ststed in our report. do not Our res[SibIrfy k% to r88d the inftpmwtth arKI. in so. rmidor Ihe infOrM8ti 15 rnatsF•lty irKon5iStert wilh ts finan(ial slatements our kn¢Mledge otrtaned in the ccrtwse of the ¢Jherwise apyears to t Inrial misstatsd. If a materi31 misslatement in the fThnra stat IIEm5kn. If. based we have FerfryThd. we (Y)nrJle that therè i% a rnalerial misstalement ofthis ¢Jher infc¥mab"on. we are wred to rekKMt Ihat faLX. Wo have nothing lo rep(xt sn ttms fEg¥d. In our OFMnKffj. bosed on the wryk undertakeTr in ts (£4Mse dlhe ast.. the inf(Kmation gi¥en in the trtee$ re1 kn the fTrial the sta1ellts are wepared is consistent with the financial slatements: and In the ght of the krtsJledge and eand1j of Ihe group aTrJ parent thaiilabke cranY and ts llrOnnI cthined li th8 ¢ourse of the audc we have rvJt identiw Ththrial rnisslateThwts in the direLors' repryL We hav nothing to reFXt in SpeCt of Ihe fclkyry mattets in to Thth ?[ and the Ch¥rilies ALI 2011 requires us to port to you rf. opin1. our audf( have not tEen received from brances ncl by us: or. the parent clwitsble txjmpanys finaniial staternts are not in agreewnt iih the x11j records aThJ rebJm& or have not re(N•d all the awKI expl*tn5 we aLKIC" athiantsge of ts sfflall ojmparues. ex• in weparr4 the dwe(knts' repcfft and from thè r4uirement to Fryare a
Responslbllllles of trustees As explai rn0 fully in the tru5tee5' reSp1b111tES statement Set on page 6. the trusiees vh) are also thè dirèctor3 of the P8rent Charitab ccmpany for the purposes of u)mpany law a for thè pwrats.on of the financial statements and for béing sab"sfiad that they give a true and lair vth, and for such intemal Contr as Ihe trustees detemiine is ne$sary to enable the prèparation of financwl statements that are Irw matenal misststemen( whether dutr to traud or error. In preparing the finanrial statements, tme trustees are re5PJn$ie fDr assessw)g th& groups aTrJ parent charitable companys abilrty to conbnue as a going nCern. di5do&ng. a5 p4ble. rnaiters rdgied to goiryj cnCern and usiThJ thg goiTry contem basis gf accounting unless the trysiees ther intenLI to IKJuKlate the group or parent Charitse o)mpany or to cease operations. or have no realistic allemative but to do so. Audltorfs responslbllltles forthe audit of the finandal $tstern¢nts We have been appoinied auditor under the Ccffipanie5 Act 2(NA and Serb 151 of the Charibes Act 2011 and repJrt in accOrdce with those Acts. Our objectives are lo ¢Jblain reasonab assuran about vthether Ihe financial smentS as a Who a free trorn matsrial misstatement, whether due to fra1 or ermf. aThJ to issu• an auditocs repct that indudes our opinion. Reasonable assurance is a high level of assurance, W ts not a guarantee that an aJrt conduct8J in acxxK¢aTh2 with ISAS IUIQ will always delect a material misststèmènt whèn it extsts. Misstatements can arisé frorn fraud or error and are Cthred matial if, indivHlualty or in thè aggregatè, they c£JuhJ r•asonabty be exFecled to inftLklts t •concoTht dectsior6 of u5er5 takttn efi th• basis of these finanual 5t8tements. IrreguL8ritie5, indudiwJ fraud, are instan5 of non-cornpliarKe with law5 ar¥J regulation5. Wg deSn prDTrduras in lin• w4th our responsibilil'es. oufjid abo¥e. to dèttct rnatenaS rni5ststernents in re¥ of irregulanbes, nClUdirj fraud The extent to which ¢wr procedures are capablè of dètecting in89ularities. indudirq fraud 15 detsiled te". We have made enquirie5 With managernent regardirg tsr procedure5 for p1 wth la1 arKI regutstiGw akng with detecbn9 and prevenl fraud. We also review minutes of meebrys $rnJ any ne4VS arbths to Klentify any InstarKe$ of nOrComplan¢• with and regulabo. Independent Audllorfs Report to tho Tnle¢S of Non¥lch Clty Comrnunlty Sports Foundatlon -Contlnued Ewdenca has bean obtained Whe applicable. Ihliiièn r9mnt31n has baan obts11 to Djnfirm Ih•rè ha¥e been no breachas ot laws and regulati$. Th¢ audit procedure5 art dened so Ihat wilh aSOnable a5suraneè, materigl mi5ststwThents can be dètected, Iuding those rdating to fraud. S1Cal, areas tnvdw ¢slOn$ or èsts"m8lTorts tested whr matanal. 88caLtsè of thè Inh&nI linrtations of an audrl therè ts a n5k that wè wll noi detert all irregularitse5. induthng those leading to a material rni5slaternent in the finanual ststernents or rl-CcpIk3nTr reguL4tiw. T'S risk Irease5 the more that compliance with 8 law or regulation rernoved tr¢)m the e¥ents and tran53ctiorts reflected Iri the finan¢ial statements, as wi11 be less likely to bècome aware of instarttrs of nOn<(mlarte. The risk is also 9ater ardirpa irTwulantVd5 oc£urring due to fraj rathèr than error. as fraud invdvas intentnal concealment. forgèry. cdlus10n. omissK)n misrepresentatJn. A further d8SCriPtion tsf ouf responsibilitie5 is availa9 on the Financia1 RwrtirJ Counril's website at. h rkJAudi -and-assurancel rds.and uKYan-10f-aUdil rsl audiVDoscri "(-of-aLYitors . Thr6 forms partofour aLhlrto¢$ rBport ukJOur- 6S.ts-aIas Use of our repprt This report is made sclety to t charitaNe memtws, as a body. in a¢£ordan vthh Chapter 3 of Part 16 of the Compans Act 2006 and to ihe charitsb company's trustees, as a t)dy. in accoTdanL Wrth Part 4 of the Charith?s (Accounts and ReKx)rtsl Regulatsons 2(M)8. Our audit has been uThJeriaken so that we mwJht stats to thè charrtat4e company's Members and its trustees those matters we a required to State to them in an auditorfs port and for 0r purpose. To the fulkst extent pemrtted by law, we do not accept or assume sPOnbillty lo anyone Olher IhaTr the charitsbb company the Gharitable company members and tfustees as a bcYy. for0uraai1 wo, lor thts rep, or forU)e nrts TrA havè ftsrmad. l A 8arfow (Senior Ststutory ALklitorl rtsr afKI on beh811 of Sexty & Co Charted Certified AAKInntS & Statulory 124 Thorpe Road Norwch, Norfolk NR1 1RS Dat•............... Page 8
NORWICH crry COMMUNITY SPORTS FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES (including income and expendtiure accounti for the year ended 31 December 2021 2021 Total funds 2020 Total Funds unrestrted funds Restricted fund5 INCOME Donations and Legacies Charitable aelivib.es Other income 579,836 2.156.029 133,517 1.376.824 713,353 3.532,853 435.988 3.084,777 364,814 Total 3.079,964 1.510.341 4.590.305 3,885,579 EXPENDITURE Raising funds char((ab activities Other expenditure 274.7 1.094.499 279.7C6 3.290,764 705.812 417,460 3,316.038 341.485 2,196,265 705.812 Total expenses 2,907,077 1.369.205 4.276.282 4,074,983 NET INCOME before transfers and taxation Taxation Transfers ben funds 172.887 141.136 314.023 189.4041 133.54n 141.136 133,5471 (23,3091 1141,136} NET MOVEIAENT OF FUNDS 280.476 280.476 1212,713) RECONCILIATION OF FUNDS: Tt)tal funds brought lorward 1.790,225 1,790.225 2,002,938 TOTAL FUNDS CARRIED FORWARD 27 2,070.701 2.070.701 1.790 225 The notes forn part oftw final statements Page 9
NORWICH crry COWIUNITY SPORTS FOUNOAnON CHARITY BALANCE SHEET At 31 De¢omb•r 2021 2021 2020 FIXED ASSETS Tangible assets Investrnenls Intsngible assets 13 14 129,4C 174,077 129.401 174.078 CURRENT ASSETS Stocks Oebtors Cash at bonk and in harml 16.633 443.641 1976,153 15 257.246 2.449.288 2.7{.534 2,436.427 CREDITORS Amounts falling duewithin year 16 (1.483.375) 11.504.422) NET CURRENT ASSETS 1.223.159 932.005 TOTAL ASSETS LESS CURRENT UABILITIES 1.352,560 1.106,083 FUNDS Unrestricted fiJnd$ Designate¢J funds Restricted fvnds 18 18 18 1,226,559 126.01]0 921.186 184,897 TOTAL FUNDS 1.352.559 1 1C6083 These financial LeEntS have been prepared in accordanee with the sKttial promsroris of Part 15 of the Companies Act 2006 relating lo small charitable companies and with the FRS 102 SORP. The financial slatem8nts were wroved by the Bc4rd of Trustee5 on 2**2and were signwJ on its behalf by: l George. rustee R•glstered y numb•r. 01100611 The notes fomi part Oft finala[ statements Pag8 10
NORWICH CITY COMMUNITY SPORTS FOUNDATK)N CONSOUDATED BALANCE SHEET for the year ended 31 Deceml)•r 2021 2021 2020 FIXED ASSETS Tangible assets 24 CURRENT ASSETS Stocks Debtor5 Cash al bank and in hgnd 71.432 346,514 2 822.118 26.849 721.231 2.210,816 25 3240.r 2,958.896 CREDITORS Amounts falling due within LTh year {7.163.939) {6.404.9491 NET CURRENT ASSETS 13,¥23,8751 (3,446.053) TOTAL ASSETS LESS CURRENT LIABIUTIES 2.070.701 1.790.225 FUNDS Unrestricted funds Desigrbated funds Restrrcted funds 27 27 27 1,944.701 126.CKJ) 1,605,328 184,897 TOTAL FUNDS 2.070.701 1,790,225 These financral sL*ements have been prepar&J in accordance with the special prOVionS of Part 15 of the Compankes Act 20C6 relating lo small Charitab companies and wrth the FRS 102 SORP. The financial statements were apwoved by the Board of Trustees on . behaw by.. nd were sgrted on its S l George-Truslee Reg1 pany nwnbor. 04100611 The notes ICAM part ol these ThncIal staleffths . Page 11
NORWICH cl COMMUNITY SPORTS FOUNDATION CONSOUDATED STATEMENT OF CASHFLOWS for the year ended 31 C)ecember 2021 2021 2020 Net movement in funds for the reportir•3 Depreciatr"on charges Decreaselllncreasel in stocks DeC8$ellInCreaseI in debtors In¢aSe in credrtors 280,476 273,S76 (44,583) 374.716 758.990 {212.713) 151,157 32.148 103,641 3.386,442 Net cash flow from operating activities 1.643,175 3.460,675 Cash flow from Investing xtivili•s Payments lo a¢quire tangible fixed assets Receipts from disposal of tangible Ire0 assets {1.038.2581 6.38S 13,122,358) 5,106 Net ¢ash flow from investing activities 11.031.873) 13,117,252} Net increase in cash and cash equivalents 611.302 343,423 Cash and cash equivalents at boginnlng of perlod 2.210,816 1,867,393 Cash and cash equivalents at end of peflod 2,822.118 2.210,816 The notes fom part ofthese financial staterrents Page 12
NORWICH CITY COMMUNITY SPORTS FOUNDATION NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS for the year ended 31 December 2021 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared in acrdanCe wth Aetountiny and Reporting by Charbties.. Statement of Recommended Practice applicable to chafrties preparing their financial statements in accordance with the Financial Rer<Kting Standard applicab in the UK and Republic of Ireknd IFRS 1021 issued on 16 Juty 2014. the Financial Reporting Standard applicable in the Unrted Kingdom and Republic of Ireland IFRS 102}, the Charities Act 2011, the Companies Act 2CI and UK Generally Accepted Practice as it applies from 1 January 2015. Norwich Cty Communty Sports FtyJndalp)n meets the definition of a Publ benefft enlty under FRS102. The financial statements are presented in rthrrtls stediThJ and a rouNJed to the nearesl pound. Company status The charty is a company lirrmted by guarantee. The membets of the company are the trustees named on page 2. In the event of the charty being wound up. the I111ty i) resp1 of the guaranlee is Imiled to £1 pw member of the chanty. Incoming resources All inct)ming resources are inclLthd in the Statement of Financial ActNities ISoFA} when the chaity is legalty enlrtled lo the income after any perf0mnCe COndrt)rt$ have been rt, the arUnt can be measured reliabty, and rt is probable that the income will be receNed. For grants and donions lo be recognised the chanty wll have been notifod of the amounts and the settlement date. If there are condrtions att&hed to the grant crf donattsn and this require5 a level of perfomiance before entrtlement can be ¢)btsined, then incorne is deferred until those cCd10nS are fulty mel or the fulfilment of those condth.orts is within the eontrol of the charity and it is probable that they will be fulfilled. Income from trading activities includes ineom eamed frsjn fundrnising events and trading activitie5 to raise funds for the chanty. Income ts recewed in exchange for supptying goc4Js and services In Order to raise funds and is reccrfJnised when entitlement has cccurred. Resources expended All expenditure is accounled for an accruals basis and has been classified under headings that aggregate 811 costs lated to the category. Expenditure is recognised where there is a legal or conslruclive obligation lo make payments to third parb"es, rt is pro that the settent will be required, and the anUnt of the rtJlvJalh)n be measurèl reliabty. Support costs allocatlon Support costs are those that assisl the work ol the charty but do not direct represent charitable ath'vrties and include offe cosls. governance costs and adminislralive costs. They are incurred directly in support of expenditure on the objects of the chafty. support costs cannot be dirtlY attributed to headings. they have been alkcated to Cost of rak%ing funds and expenditure on charitable tr¥it on a baws consistent wrth use of the resources. Fund accounting Unrestricted funds are availJle for use at the di5cre¢ion of the trustees in furtherance of the general 0ectiveS of the charrty and whh have nol been deswJnated for ¢Xher purposes. Designated funds comprise unrestricted funds that have been Set a$e by the trustees for particulai purposes. The aim and use of each deSnated are sel QLrt in the notes lo the financtal statements. Restricted funds are funds whth are to be used in 8CC4)rdarKe with specffic reStr110nS irnposed by donors or which have been raised by the charity for SFecrt purposes. The cost of raising and administering such funds are charged against the specrfK fund. The awn and use of each restrthd fund is set OLrt in the notes to the ffinanCl 51aterynts. Government Grants Grants received from the government are recognised wrthin the Statent of Financial ActNilEs ISOFAI. If the are conditions att&hed lo the grant or donation and thi8 requires a Sevel of perf0mlan bef¢ye entitlement can be obtained, then income is deferred unbl those condrt)ns are fully met . Page13
NORWICH crry COMMUNIT SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 December 2021 ACCOUNTING POLICIES- continued Tangible fixed assets and depreciation Tangible fixed assets are Stated at cost less dèpreciation. Depreciation is provided at rates Cakulated to write off the cost of fixed assets. less they esbmated re5NJual value. over their expected useful lives on the following bases.. Leasehold property improvemenls- Fixtures, fittings and equipment- straNJht line over 5. 10 or 21 years slraight line over 1, 2, 3. 5, 10 or 12 Stocks Stocks are 5tsted at the lower of cost and estimated selling price less cosls to cOMpe and sell. Cosl include5 all costs of purchase, costs of conversion and clher costs irKurred in bringing stock lo its present location and condrtion. ProvisKb is made for damaged, cknote and slow-moving stock ¥there appropnate. Debtors and creditors receivable I payable within one year Debtors and credrtors with no stated interest rate and receNable or payable within on8 year are recorded al transaction price. Any bsses aristng from impaimnt are recognised in expenditure. Value add¢d lax The charrtabk Company is not fegislered for VAT and awdingly, all costs i1{ irrecoverable VAT where approprpte. Penslons The chanty operales a defined contribution penshjn scheme for the benefrt of certain staff members. The assets of the scheme are hetd separately from those of the charity in independenlty administered funds. The costs of ContribUtn$ a wtitten off against profrts in the year they are payable. Operatlng l•ases Rentals applicable to opefaling leaw are charged lo the SOFA on a straigh14ine basis over the period in which the cosl is incurred. Financial instruments The d)arilable company has esected to apply the prow$nS of SeCtn 11 'Basic Financial Inslrumenls, and Section 12'0ther Financial Instruments 1$$$. of FRS 102 to all of ts financial instruments. Financkal instruThnts are reccgnised in the chartable company's bajance sheet when the charitable ccmpany becomes party to Ihe contractual provisions of the instrument. Financial assets and liabilf¢ies are oftsel. wrth the net amounts presented in the financial statements, when there is a legally enforceable ruhl 10 Sel off the recognised ank)unts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty simuaneouSty. Basic financial assets 8a5ic financial assets. which include debtor5 and cash and bank balances. are initially measured at Iransaetion priee including tran&%tion costs and are Subsequent car at amortised eosl using the effective interest melhcmj unless the arrangement consblules a financing Iransaclion, where the transaction ts measurèj al the Pfesent value of the lulure receipts di%rovnled * a matkot rale of Inierèst. Financial assets cLes5rfBY as rewable wrthin one year are not amortised. Classification of financial liabilities Financial liabilrties and equity instrumerts are classffied according to the substance of the eontraclual arrangements entered into. An equty instrument is any conlrxt that evklere$ a re$U01 interest in the assets of the chartsble ccmpany after deduetiny all of its liabilil*s. P4e 14
NORWICH CITY COMMUNTrY SPORTS FOUNDATION NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS- CONTINUED for the y•ar ended 31 Oecember 2021 Basic financial liabilities Bas financial liabilrties, ineluding eredrtors, bank loans and loans from fellow group CcPanieS Ihal are classrfied as debt. are inrtialty recognised al transaction price unless the arrangement conslilules a financing Iransaclion. where the debt instrument is measured at the present value of the future payments dIoUnted at a market rate of interest. Financial liabilities classtfied as payable within one year are not amortised. Trade Cre(11 are cèligalws to pay for goods or seNces that have been aCqUid in the ordinary course of business suppliers. AffKJunts payable are classrfied as current liabilities if payrnenl due within one year less. If they are presented as non-current liabilrties. Trade creditors are recognised inrtk3lly at transact price and subsequently ffleasured at amortised eost using the effective interest methr>J. Taxation The chaity is an exempl ¢harty within the meaniry of schedule 3 of the Charrts Act 2011 and considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a Charitable Company for UK corporation tax pU0$e$. The charity's 101Yh t)wned subsidiary, The Nest (Norfolk's Communty Hub) Limited. ss not exempl and therefore pays c(wporation lax * the man rate. Going con¢em The financial slatetrents have been prepared on a gng concem basi¥ as the trusls believe that no material uncertainties exist. The trustees have conshlered the level of funds held and the expected l of ire and expendrture for 12 months frijm authorising these financkgl slalements. The budgeted income and expendf(ure are enough wrth the level of reserves for the charity lo be able lo continue as a going concern. INCOME FROM DONATIONS Total 2021 Total 2020 GROUP UnrestrKted Restricaed Donations {CSF) Donations {The Nest) Other donations and income ICSFI Other donations and income (The Nestl . 133.517 133.517 231.946 14.OC#J 5.836 14,000 565,836 21.000 579.836 133,517 713.353 43S.988 Page 15
NORcH CITY COMMUNITY SPORTS FOUNDAnON NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 De¢wnb¢r 2021 INCOME FROM CHARITABLE ACTMTIES Total 2021 Total 2020 GROUP Unrestricted Restitted School and scteer activities Communty related activities Di5abilty retated aclivilv&s sla1 engagement activrties Education related activities Hire income Fundraising events Scheme krt accessofEs Other incoTh 2.070.199 282.280 352.390 2,352.479 352.390 1,878,989 355,954 559.238 559.238 462,468 85.830 85.830 182.916 58,862 327,616 908 182.916 2 156029 1,376.824 3 532 8S3 3 084 777 OTHER INCOME Total 2021 Total 2020 GROUP Unrestrtled Restficted Kil income (The Nesll Rental income {The Nestl Govemmenl Support (Furlough Claims} 201.423 6.000 136,675 201,423 6.0 136,675 117,645 2,2SO 244.919 344.099 364.814 TOTAL EXPENDrruRE Tclal 2021 Total 2020 GROUP threct ktmties Support Cost of raising funds Charitable Activrties (rle 6} Other expendr(ure 148,7C6 1,453,687 213,039 131.000 1.837.078 492.673 279.7C6 3.290,765 705,812 417,460 3,316,038 1815432 2 460 751 4 276 283 4 074 983 Page 16
NORIYICH CITY COMMUNITY SPORTS FOUNDATION NOTES TO THE CONSOUDATED RNANCiAL STATEMENTS- CONTINUED for the year ended 31 De¢ember 2021 ANALYSIS OF CHARITABLE EXPENDuRE Total 2021 Total 2020 GROUP Proixt Costs Support Costs Setter and schcol a¢tNities Communty relate(l activities Disability rd8led actwilies SLxial engagement activities Education relation &tivities Hire related aetivrties Project funding. bursa donations Other running costs 582.958 36.000 35.500 618.958 3.464 669.824 348,085 290.703 131.239 421.942 351,632 32,003 32.003 20.651 s.000 1,629.339 5.000 1.816.398 55,000 187.059 1.453.687 1.837.078 3.290,765 3,316,038 Te a management fee k% applied to a grant tlw encompass the Support cLJsts and have been classrfied as so. All Disabilty ar#J Heath projects are n1 a¢nted for w*hin Communty reLqled aetivilies. OTHER EXPENDITURE GROUP Total 2021 Total 2020 Unrestricted Restricted Other running eosls (The Nest) 705.812 705.812 341.485 705,812 705.812 341.485 NET INCOMINGI{OUTGOINGI RESOURCES Nel resources are sLqted after charging. 2021 2020 Auditors, remuneratDn Depreciation- owned assets Amortisation Operating ase rentsls 5,775 274,047 5.775 151.1S7 Rent of land and buiklings Hire of motor vehi¢k5 18.000 18,000 1,0 TRUSTEES, REPAUNERATION AND BENEFITS There was no Irustees. rernunerati¢)n or other benefits for the year ended 31 Oecerthr 2021 or the year ended 31 December 2020. The were no truslees. expenses PaKI for the year errtjed 31 December 2021 or for the year ended 310ecember 2020 Page 17
NORMCH CITY COMMUNITY SPORTS FOUNDATION NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 De¢ember 2021 10. STAFF COSTS GROUP 2021 2020 Staff cosls were as foll(yws'. Wages and salaries Sockql security costs Pension costs Oiher employment $ts 2,247.776 2CQ,087 54,497 32.957 2,029,913 172,075 51,314 2,535,317 2.275.397 There were no ppaid or Kcrued penwon costs at eilherlhe teginning or end of the year. The average number of emthees. c*ulated on a fvll-time equivatenl basis. analysèj by function was: 2021 2020 Trustees Permanent staff part41 coaching stsff 83 41 49 11. TAXATION 2021 Group 2021 Char 2020 Group 2020 Charity Corporation tax charge for the year Movemenl ¢)n deferred tax 7,S24 26,023 3.309 12. INDIVIDUAL STATEMENT OF COAIPREHENSIVE INCOME As permitle(l ty Section 408 of Ihe COmpanS Act 20C6. thè Slaleffenl of ComprehensNe Income of the parent company is not presented as part of these finarrial statements. Page 18
NORWICH CITY COMPIUNITY SPORTS FOUNDATION NOTES TO THE CONSOUDATED FINANCiAL STATEMEp¥fs- CONTINUED for the year ended 31 De¢ember 2021 13. TANG18LE FIXED ASSETS CHARITY Leasehold propety Pitch improvements lefUrbhrnenl fiitbng & equipmenl Website Oevek)pment Total COST At 1 Jan 2021 Addition5 Disposals 338.837 58.609 253.331 17.362 19,672 29,336 680.113 17.362 22,322 At 31 tkc 2021 338 837 5S.959 29,336 675 153 DEPRECIATION Al l Jan 2021 Disposals Charge for year 228.784 26.017 (1.413) 5.919 232.279 (14.524) 12.745 18.956 506.036 {15,9371 55.653 30,322 6.e67 At 31 Dec 2021 259.1( 230,51XI 25.623 545,752 NET BOOK VALUE Al 31 Dec 2021 79.731 20.521 129.401 Al 310 2020 110,054 32.592 21,052 10,381 174.077 Page 19
NORWICH CITY COMMUNITY SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS . CONTINUED for the year ended 31 December 2021 14. INVESTMENTS Investments represent the charitable ¢panY'S investment in the shares of The Nest (Norfolk's Community Hub) Ltd (company nurnber 1892331. The registered off address is Norwich Cty Football Club. Carrow Road. Norwich. Norfolk. NR1 1JE. The charitable company ¢)wns 1crfYA of the issued share caprtal of The Nest lone ordinary share al £1}. whose aggregate capital and reserves al the Balance Sheet date was £718.142. The tumover for The Nest ts the year ending 2021 is £773.259 which PentS a piofrt of £33.999. 15. DEBTORS: AMOUNTS FALLING DUE yTHIN ONE YEAR 2021 2020 CHARITY Trade debtors Acciued income Amounts owed by group undertaings Other debtors 222,403 1.241 156,958 262,499 257,246 443.641 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 CHARITY Trade creditors Taxation and social securty Payments received in advance of projects Aftunts ¢)wed by group undertakings Accruals and deferred income (see belcrw) 73.536 45.417 53.649 31.817 11,150 15.2 3.461 184.895 1,341,579 1.226,997 1483.375 1 504,422 Oeferred income cLPrISeS of the follchwry arn)unts have been designated a5 relating to future periods by the grant providers". Total 2021 Un[estrted Restricted Balance as at 1 January 2021 Less.. release of amounts defvrred in prior periods Add." amounts deferred lo fLrture perty)ds 344,850 (344,850) 532 737 444.582 (444,5821 354,222 789.432 1789.432) 886.959 Balance as at 31 December 2021 S32.737 354.222 886,959 These amounts are inclLvJed in the xcruals and deferred income figure at the yearond. 17. ANALYSIS OF NEf ASSETS BETWEEN FUNDS CHARITY 2021 Ttjlal funds 2020 l otal fvnds Genernl l)&swJnated funds fvnd ReStted fvnds Fixed assels Net currenl assets 129,401 1.097,158 129,401 1223.158 174,078 932,005 126,000 1,226,559 126.000 1.352.SS9 1.106,083 Page 20
NoRcH cfTY COMMUNITY SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED ft*r the year ended 311)e¢ember 2021 18. MOVEMENT IN FUNDS Nel movement in funds At31.12 21 CHARI At 1.1.21 Unreytricted funds General funds Desunated lund- Carrow Pwk Desynated funtj - Staff Desunated fund- Facilty PrOvis)n Desjgnated fund- Run NorwKh 921.187 26.O¢JO 100.000 305.372 1,226.559 26,0 1,0 58,8 S8.896) 1.106.083 246.476 1,352,559 Restricted funds National Crtizen Service TOTAL FUNDS 1.106.083 246,476 1.352,559 Net movement in funds. included in above are as follryws.. Transfer between Movement in frjnds fijnds Incoming resources Resources expended Unrestricted funds General funds Desunated fund 2.306.704 (2.201,3651 105.339 141 137 141.137 2.306,704 2,201.3651 141.137 246 476 Restricted funds National Crtizen Service Fundraising Communty projects SchoJls related projects {b) Icl (d) (a) 559.238 316,434 352.390 282,279 1421,941) 1284,706) 1347,531) 315 026) (137,2971 (31,7281 {4,8591 1.510.341 (1.369.204) (141.1371 TOTAL FUNDS 3.817.045 3 570,569 246.476 Page 21
NORWICH CITY COMMUNITY SPORTS FOUNDATION NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 Decembw 2021 19. ANALYSIS OF RESTRICTED FUNDS al SCHOOLS RELATED PROJECTS Included wi(hin the general heading of Sehools related prc4ects are the following indNidual funds.. I.PLPFA Positive futures programme made up of strands Iprotect and prepare). in partnership wrth local polte commission and children's servw de&"gned to address wellbeing. selt-esteem. wnty line5. street Cfime inleryention. ii.PL Ins Piemier League funded programme delNered in high schcols over 24 weeks. 12 weeks of this on enterprise related to NCFC and 12 weeks relating to a acth)n plan on to reduce plastic consumplion. i.PL Schod S PL Prima Stars Working wrth the Premier League where the aim is lo prov•Je srhyts and &tivities within schools to fill gaps in provision where there is actNrty in place. This prqecl SUPFrfyts EThJli$h and Maths in primary schcols and provides teacher CPD to those involved. b) NATIONAL CITIZEN SERVICE 'Nalional Cilllen Service. provides a unN4ue oppc¥tunity fN 15-17year olds. Ycwng people will have the opportunity lo meet new people and ¢Jevelop lrfe skills Ihrough a sumrrEr or aLrtumn programme. This includes residential camp5 and daily worshops. follNed by completirKJ 30 hou of volunteering thin their kjcal areas. They wdl then receNe cerbficatw)n at a celebra1 event. c) FUNDRAISING The FOUndat)n'S fundraising appeal aims to help brighten up peop,$ lives through sport by raising funds that enable us to continue to deliver vital servi$ for disadvantaged people and those with disabilities. dl SPORT RELATED PROJECTS i. Kicks Kicks largels young peop who have prevuSIY proven d1 to reach and using football as the main engagement tool. helps guide them towards a range of spcwting a¢tNities. Funded by the Premyar League, with additional SUFPJrt frcth CSF. Kths ts run wilh a partnership approach ¥d led with a steering grijup. ii. Kicks Tar eled On$e programme was devdopgj in partnersh with Norfolk County Council INCC} Early Intervenlton Team {EITI, Youth Offending Team IYOT) and Norfolk Pdice.. The project targels 8-11 year olds (Year 3*1 trying to bwk the cyde ol vident youth crime and exdusions in early years which has the potential to lead into more adutt behaviour and other asswated negative behaviours. Page 22
NORWICH CITY COMMUNrr SPORTS FOUNDATION NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 tlecember 2021 nated funds The charitable company has establÉshe(l a designated fund reseNe lo set asKle amunls for the future maintenance aThY replacement of pithes at Carrryw Pa. The charty has estsblished a desgnaled Staff fvnd reserve to provide for the possibility where. restricted prc#Jramme funding lalb off and is not replaced in the short lemi, before $Uring further funding for this programme, we are ab to continue the effecl of delivering th8 programme and suStaing the projects thal rt is invow in. The charty has establL%hed a desigfialed fxilty fund lo set aside amounts lo allow for the continued developrnent of the eommunrty hub faeilty. of whh phase 1 ¢)pened during 2018. The Nesl is operated by th8 FoundatM'$ subsidrary company Page 23
NORYIICH CITY COMMUNir SPORTS FOUNDATION NOTES TO THE CONSOUDATED FIMANCIAL STATEMENTS- CONTINUED for the year ended 31 Dxembgr 2021 20. OPERATING LEASE COMklTMENTS 2021 2020 Annual urKler leases for land arKI buildings Expiring. After more than fve years 18,WO 18,0 Annual cormwtments undtt operatwig leases for office equipment and motor VehleS Expiring.. Less than one year 21. RELATED PARTY DISCLOSURES The charitable company is asswated by virtue ol ccrnon dectorS with NoTrvich Cty Football Club PLC. During the year. lh8 Charitab entered into the follrywing tran5aeknons with related parties: Norwich Clty Football Club PLC 2020 2020 Sales and recharges during the year Amount receNable al 31 December Purchases, including rent of premises. and contributhjn to Carrow Park Amount payable at 31 December 2,308 511 54.655 12.118 67,000 PENSION COMMITMENTS The charty operates a defined contribul penon scheme that has been in plxe fr¢)m the formalKJn of the company. This now onty indudes 2 onginal empkiyees. The assets of the s¢h8m8 are held separately from Ihose of the Charty in independenlty athrM"nistered funds. The charity operates a pensK)n scheme through Pension AuttrEnroknent for all olher employees. The penSn cost charge represents contributions payabte by the charity to the pension fund and during the year amunled lo £54.497 {2020 £51.314}. 23. ULTIMATE CONTROLUNG PAR The uM¥nate controlling party is the Board of Trustees. Py24
NORMCH crry COMMUNrrY SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUEO for the year ended 31 De¢ember 2021 24. TANGIBLE FIXED ASSETS GROUP Leasehold operty improvement Pilch refvrb Fixtures. frtting & Websile Land & equiF*nent Develop buldings Totsl COST At 1 Jan 2021 Additions Disposals 338,837 58.609 388.418 29.336 5,123.637 171,571 866.687 5,938,837 1,038,258 22.322 2.650 Al 31 Dec 2021 338.837 55.959 540.317 29.336 5.990,324 6.954,773 DEPRECIATION At 1 Jan 2021 Disposal$ Charge for year 228.785 26.017 259,353 {1.413) {14.524) 5.921 32.901 18.955 169.449 702,559 115.9371 273 576 30.322 6.E67 197.765 At 31 Dec2021 259.107 30,523 25.623 367.214 960,197 NET BOOK VALUE Al 31 Dec 2021 79.730 25.436 262,587 3.713 5.623.110 5.994.576 At 31 Dec 2020 110,052 32.5¥2 129.(65 10.381 4.954,188 5.236.278 Page 25
NORWICH CITY COMMUNfTY SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 December 2021 25. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2021 2020 GROUP Tr* deblo Accrued income Other debtors 254,324 51.240 40,950 420,041 262,499 38.691 346.514 721,231 CREDITORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 2021 2020 GROUP Trade credi(ors T8tIOn and SLKial security Payments received in advance of projects Corporation lax ACcnlS and defeffed Irne 106,060 53,971 11,150 53,500 6 939 258 73,522 4,334 1 S,296 23,5 6 288,297 7.163.939 6,404,949 27. ANALYSIS OF NET ASSETS BETWEEN FUNDS GROUP 2021 Total funds 2020 Total Funds General L)esignaled funds fvnd R8strKted fund5 Fd assets Net current assets s.994.576 4.049.875 S,994,576 5,236,278 3.923 875) {3 446 053) 126.CKKI 1.944,701 2,070,701 1,790,225 Page 26