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 Fina￿la1 Statements 131026 NORWICH CITY COMMUNITY SPORTS FOUNDATION CHAII¢MAN'S REPORT 2021 2021 vas a signnlcant and ex￿11￿ y for us. We ￿Tr￿eted 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 cyxry*te 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 Well￿ng inspiring disadvantaged peop￿e. 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 I￿r disatrj'lty prrJJramme beI￿ved 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 enjoyn￿l 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 (wi￿ti1￿mI. 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 Kn￿￿e5. and re￿nty departed Trustee Mick Dennis. Their valuable impact over the years is signifi(ant and rewi8ed. Here's lo another exoting 12 rTh￿iS 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 appl￿ble in the UK and Republic of Irel￿d published on 16 ju￿ 2014. 1. REFERENCE ANO ADMINISTRATIVE DETAILS Register•d Company number 04100611 (Eng￿nd 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 Chu￿h111 Place London E14 SHP NOR￿cH crry COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES- CONTINUED for the year ended 31 December 2021 2. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The organisat￿n 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, wh￿h 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 Art￿￿S d Association. the decision-making prlxess, the bLtsiness plan and supporting financial plans. Principle risk$ and ￿n￿rtaInt*S 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 polic*s and pr¢xedures to rnrt￿ate exposure to these risks. to ensure CoMpl￿nee wi(h health and safety standards for stsff and scheme partKipalors and to ensure that that all regulations regarding the manag￿ent 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 d￿Ument 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 detaI￿d 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 pl￿1￿ sector organk8*ion$. The Chief Executive, lan Thomton. oversees the day to day running of the organisalion. Page 3 NORMCH CITY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES - CONTINUED for the year ended 31 December 2021 3. OWECTIVES AND ACTIVITIES The charrtable company's objectives arvj principal activities are delivered for the benefft of ehiklren. young people and adults in Norfolk and other countses in East Anglia, regardless of race. sex. creed, or socAI background. The charrtable company's objectives a￿. lo provide inclusNe en￿rOnments for al to enjoy the PhYs￿al. mentsl. and social benefits of sp)rt. to L5se the power of sport and NorwKh Cty Fwtball Club to engage with hard-t¢j￿eaeh groups and inspire them to raise their aspirat￿n$. reach their polenlol. and to xhieve more. lo provide affordable services that achieve whlespread communty impact while supporting t charitabl8 company's sustainabilty lo proV￿e artd assist in providing f￿lIrtIeS for sport, reCreat￿n 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$Nely charrtable purposes in each case as the trustees may frtym time to time decKIe. The Iruslees have r*rred to the Charity Commission's gU•Jar￿e on repO￿"ng on pubfic benefrt {section 17 of Charities Acl 20111 when revtewng the charty's airrts and obJ"ectives, and when planning the charty's activites. The trustees are therefore confident that the charty meels the publie benefit fequiremenls. 4. ACHIEVEMENT AND PERFORMANCE The chairman ha5 set oui in hi5 reKX)rt the achievements and perforMa￿e of th8 charrtabbe cimnpany. The charty'5 woth is knused around delNeriThJ qualty proiecl$ 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 mai￿*y. 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 Ye￿￿d We￿ £1,944,701. a value th* is I￿re than the minimum level presuibed by Ihe Iruslees. NOR￿cH 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 $￿Uring further funding for this prc4famme. we are able lo continue the effect of delivering the pr¢gramrr￿ and sustaining the projects that il is involved in. Restr￿ted Restricted reserves rep￿sent n￿nIeS receNed by the charitable company for various proje￿$ {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: Part￿l￿t 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￿$. Investment Policy The Ifustees a￿ empowered to invest funds in o manner appropriate. Iwing regard to the security of any investments made and the requirements ofthe Charty Commiss￿ne￿S order. 6. PLANS FOR FUTURE PERIODS The charity has completed construction of its community hub The Nest, follwng a successfvl fvndraising campaign. It will aim lo make The Ne51 a su51ainabEe facilty by using it to deliver its own ￿t￿rt￿$ 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 fin￿￿￿al stalements for exh financial year. whiGh give a true and fair view of the of the charitable company and of the In￿￿9 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$l8es are required to.. select suitable a¢￿untIng wlictes and then apF4y them consistently.. observe the methods and principles of the Charites SORP.. make jLKlgments and estimates that are reasonable and PnKlent'. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible keeping PTOFeT accounting reciwds that d￿k)se with reasonable accurxy at any time the financial position of the chaiitable company arKI enable them to ensure that the financial statement$ comply with the Compan*s 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¢¢tydar￿e wth the speual pThtsions of Part 15 of the CthTr>anies Act 2006 relating to small cJ. Taxation The chaity is an exempl ¢harty within the meaniry of schedule 3 of the Charrt*s 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 pU￿0$e$. 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 g￿ng concem basi¥ as the trusl*s believe that no material uncertainties exist. The trustees have conshlered the level of funds held and the expected l of ir￿e 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 NOR￿cH 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 s￿la1 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 (r￿le 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 EXPEND￿uRE 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 T￿e 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 n￿1 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 p￿paid 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 COmpan￿S 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 lefUrb￿hrnenl 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 1￿892331. 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 P￿entS a piofrt of £33.999. 15. DEBTORS: AMOUNTS FALLING DUE y￿THIN 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 Aft￿unts ¢)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 cL￿PrISeS of the follchwry arn)unts have been designated a5 relating to future periods by the grant providers". Total 2021 Un[estr￿ted 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 ReSt￿ted 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 NoR￿cH 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 wor*shops. 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 prev￿uSIY proven d￿￿￿￿1 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 $￿Uring further funding for this programme, we are ab￿ to continue the effecl of delivering th8 programme and suStain￿g the projects thal rt is invow in. The charty has establL%hed a desigfialed fxilty fund lo set aside amounts lo allow for the continued developrnent of the eommunrty hub faeilty. of wh￿h phase 1 ¢)pened during 2018. The Nesl is operated by th8 FoundatM'$ 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 Veh￿leS Expiring.. Less than one year 21. RELATED PARTY DISCLOSURES The charitable company is asswated by virtue ol ccrnon d￿ectorS 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￿ pen￿on 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 penS￿n 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 T8￿￿tIOn and SLKial security Payments received in advance of projects Corporation lax ACcn￿lS and defeffed I￿rne 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 F￿d 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