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|---|---|---|---|---|
|Chairman's|Report 2022||||
|Report ofthe Trustees||||2to 6|
|Report ofthe Independent||Auditors||7 to 9|
|Consolidated|Statement|of Financial|Activities|10|
|Balance Sheet|||||
|Consolidated|Balance Sheet|||12|
|Consolidated|Statement ofCashflows||||
|Notes to the|Financial Statements|||14to 27|
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||||for the|year end|ed 31 Decem|ber 2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|6||6|6|
|INCOIIE|||||||||
|Donations
and Legacies||||2|898,229|185,953|1,084,182|713,353|
|Charitable
activities||||3|2,590,084|1,901,532|4,491,616|3,532,853|
|Other income||||4|117,604|-|117,604|344,099|
|Total|||||3,605,917|2,087,485|5,693,402|4,590,305|
|EXPENDITURE|||||||||
|Raising funds||||5||567,286|567,286|279,706|
|Charitable
activities||||6|2,485,710|1,200,649|3,686,359|3,290,764|
|Other expenditure||||7|978,567||978,567|705,812|
|Total expenses|||||3,464,277|1,767,935|5,232,212|4,276,282|
|NET INCOME before transfers|||and||141,640|319,550|461,190|314,023|
|taxation|||||||||
|Taxatlon|||||(6,048)||(6,048)|(33,547)|
|Transfers
between|funds||||313.550|~370,550|||
|NET MOVEMENT OF FUNDS|||||455,142||455,142|280,476|
|RECONCILIATION||OF FUNDS:|||||||
|Total funds brought||forward|||20711701||2,070,701|1,790,225|
|TOTAL FURDF DARI1130 FORWARD||||27|2 525,353||2,525,843|2,070,701|
##
|||At 31 De|cember 2022||||
|---|---|---|---|---|---|---|
||||2022||2021||
|||Nates|6|E|E||
|FIXEDASSETS|||||||
|Tangible assets||13||92,640||129,400|
|Investments||14||||1|
|intangible
assets|||||||
|||||92,641||129,401|
|CURRENT ASSETS|||||||
|Stocks|||||||
|Debtors||15|884,939||257,246||
|Cash at bank and|in hand||2,259,449||2,449,288||
||||3,144,388||2,706,534||
|CREDITORS|||||||
|Amounts
falling due within one year||16|(1,341,938)||(1,483,375)||
|NET CURRENT ASSETS||||1,802,450||1,223,159|
|TOTAL ASSETS|LESSCURRENT|||1,895,091||1,352,560|
|LIABILITIES|||||||
|FUNDS|||||||
|Unrestricted
funds||18||1,769,091||1,226,559|
|Designated
funds||18||126,000||126,000|
|Restricted
funds||18|||||
|TOTAL FUNDS||||1,999.991||1 999999|
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|forthe y|ea|r ended 31 Decembe|r 2022||
|---|---|---|---|---|
||||2022|2021|
||||2||
|Net movement
in funds for the reporting|period||455,142|280,476|
|Depreciation
charges|||353„264|273,576|
|Decrease/(Increase)
in stocks|||44,477|(44,583)|
|Decreasel(increase)
in debtors|||(341,684)|374,716|
|Increase
in creditors|||(473,370)|758,990|
|Net cash flow from operating activittes|||37,829|1,643,1?5|
|Cash flow from investing
activities|||||
|Payments
to acquire tangible
fixed assets|||(203,463)|(1,038,258)|
|Receipts from disposal
oftangible
fixed assets||||6,385|
|Net cash flow from investing
activities|||(203,463)|(1,031,873)|
|Net increase
In cash and cash equivalents|||(165,834)|611,302|
|Cash and cash equivalents
at beginning||ofperiod|2,822,118|2,210,816|
|Cash and cash equivalents
at end of period|||2,656,484|2,822,118|
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|INCOME|FROM|DONATIONS|||||
|---|---|---|---|---|---|---|
||||||Total|Total|
|GROUP|||Unrestricted|Restricted|2022|2021|
||||9|5|5|2|
|Donations|{CSF)|||185,953|185,953|133,517|
|Donations|{The|Nest)|||||
|Other donations||and income {CSF)||||14,000|
|Other donations||and income {TheNest)|898229||898229|565836|
||||898229|185,953|1,084,182|713,353|
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||INCOME F|ROM CH|ARITABLE|ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
||GROUP|||Unrestricted|Restricted|2022|2021|
||||||6|6|6|
||School and|soccer activities||1,458,844|383,226|1,642.070|2,352,479|
||Community|related activities||526,765|385,747|912,512|352,390|
||Disability related activities|||||||
||Social engagement||activities||510,715|510,715|559,238|
||Education|related activities||508,668||508,668||
||Hire income|||95,807||95,807|85,830|
||Fundraising|events|||621,844|621 844|182916|
|||||2,590,084|1,901,532|4,491,616|3532,853|
|4.|OTHER INCOME|||||||
|||||||Total|Total|
||GROUP|||Unrestricted|Restricted|2022|2021|
|||||f|6|6|6|
||Kit income|(The Nest)||78,194||78,194|201,423|
||Rental income (The||Nest)|6,300||6,300|6,000|
||Government|Support||33,110||33,110|136,675|
|||||117,604||117,604|344,098|
|5.|TOTAL EXPENDITURE|||||||
|||||||Total|Total|
||GROUP|||Direct Activities|Support|2022|2021|
|||||6||6|6|
||Cost ofraising funds|||452,286|115,000|567,286|279,706|
||Charitable
Activities||(note 6)|1,370,821|2,315,538|3,686,359|3,290,765|
||Other expenditure|||180,820|797,747|978567|705812|
|||||2,003,927|3,228,285|5,232,212|4,276,283|
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|ANALYSIS OF CHARITABLE|ANALYSIS OF CHARITABLE|EXPENDITURE||||
|---|---|---|---|---|---|
|||||Total|Total|
|GROUP||Project Costs|Support Costs|2022|2021|
||||6|6||
|Soccer and school|activities|558,602|51,138|609,740|618,958|
|Community
related|activities|351,590|59,139|410,729|396,464|
|Social engagement|activities|311,104|150,000|461,104|421,942|
|Education
relation|activities|80,647||80,647||
|Hire related activities||22,813||22,813|32,003|
|Project funding,
bursaries
and||||||
|donations|||||5,000|
|Other running
costs||46,065|2,055,261|2,101,326|1,816,398|
|||1,370,821|2,315,538|3686 359|3290,765|
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|GROUP||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2022|2021|
|||E||6|f|
|Other running|costs (The Nest)|978,567||978,567|705,812|
|||978,567||978,567|705,812|
|NET INCOMINGI(OUTGOING)||RESOURCES||||
|Net resources|are stated after charging:|||2022
f|2021|
|Auditors'
remuneration||||12,289|5,775|
|Depreciation|—owned assets|||353,331|274,047|
|Amortisation||||||
|Operating
lease rentals||Rent ofland and buildings||18,000|18,000|
|||Hire of motor vehicles||||
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|STAFF COSTS||||
|---|---|---|---|
|GRDUP||||
|||2022|2021|
|Staff costs were as|follows:||2|
|Wages and salaries||2,634,252|2,247,776|
|Social security costs||231,726|200,087|
|Pension costs||62,089|54,497|
|Other employment|costs|121,169|32957|
|||3,049,237|2~535317|
|was:||,|||,
|y|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Trustees|||||9|g|
|Permanent||staff|||81|82|
|Part-time|coaching staff||||24|49|
|TAXATION|||||||
||||2022|2022|2021|2021|
||||Group|Charity|Group|Charity|
||||F|||E|
|Corporation||tax charge for the year|48||7,524||
|Movement||on deferred tax|6,000||26,023||
||||6048||33,547||
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|ANGIBLE FIXED|ASSETS|||||
|---|---|---|---|---|---|
|CHARITY|I easehold||Fixtures,|||
||property|Pitch|fitting
&|Vyebsite||
||improvements|refurbishment
8|equipmentf|Development
6|Total
6|
|COST||||||
|At 1 Jan 2022|338,837|55,959|251,021|29,336|675,153|
|Additions|||14,342||14,342|
|Disposals||||||
|At 31 Dec 2022|338,837|55,959|265,363|29336|689495|
|DEPRECIATION||||||
|At 1 Jan 2022|259,106|30,523|230,500|25,623|545,752|
|Disposals||||||
|Charge for year|31 517|5677|10,196|3713|51 103|
|At 31 Dec 2022|290 623|36,200|240 696|29336|596855|
|NET BOOK||||||
|VALUE||||||
|At 31 Dec 2022|48,214|19759|24 667||92460|
|At 31 Dec 2021|79731|25436|20 521|3713|129401|
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|DEBTORS:AMOU|NT|S
|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||2022||
|CHARITY||||6||
|Trade debtors||||341,462|222,403|
|Accrued
income||||223,971|1,241|
|Amounts
owed by group
Other debtors|||undertakings|272,788
~46 718|33,602|
|||||884,939|257,246|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||
||||||2021|
|CHARITY|||||6|
|Trade creditors||||103,310|73,536|
|Taxation
and social|security|||52,576|53,649|
|Payments
received|in|advance of projects||5,394|11,150|
|Amounts
owed by group undertakings|||||3,461|
|Accruals and deferred||income (see below)||1,180658|1 341 579|
|||||1,341,938|1,483,375|
##
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||||||Unrestricted
8|Restrictedf|Total
6|
|---|---|---|---|---|---|---|---|
|Balance as at|1 January 2022||||532,737|354,222|886,959|
|Less; release ofamounts
deferred
in prior penods|||||(532,737)|(354,222)|(886,959)|
|Add: amounts|deferred to future
pediods||||~392 QQQ|296523|688,523|
|Balance as at|31 December|2Q22|||392,000|296,523|688,523|
|These amounts|are included|in|the accruals|and deferred|income figure at the year-end.|||
|ANALYSIS OF NET ASSETS|||BETWEEN FUNDS|||||
|CHARITY||||||2022|2021|
||||General|Designated|Restricted|Total|Total|
||||fundsf|fund|funds
6|funds
8|funds
5|
|Fixed assets|||92,641|||92,641|129,401|
|Net current assets|||1,676,450|126000||1 802,450|1,223,158|
||||1,769,091|126,000||1,895,091|1~352 559|
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|MOVEMENT
IN FUNDS||||||
|---|---|---|---|---|---|
|||||Net||
|CHARITY||||movement
in||
||||At 1.1,22
f|funds
6|At 31.12.22
6|
|Unrestricted
funds||||||
|General funds|||1,226,559|542,532|1,769,091|
|Designated
fund —Carrow Park|||26,000||26,000|
|Designated
fund —Staff|||100,000||100,000|
|Designated
fund —Facility Provision||||||
|Designated
fund —Run Norwich||||||
||||1,352,559|542,532|1,895,091|
|Restricted
funds||||||
|National
Citizen Service||||||
|TOTAL FUNDS|||1,352,559|542,532|1,895,091|
|Net movement
in funds, included|in the above are as follows:|||||
|||||Transfer||
|||Incoming|Resources|between|Movement
in|
|||resources|expended|funds|funds|
|||6|6|6|6|
|Unrestricted
funds||||||
|General funds||2,675,582|(2,452,600)||222,982|
|Designated
fund||||319,550|319,550|
|||2675,562|/2452600)|316550|542532|
|Restricted funds||||||
|Football activities|(a}|88,993|(87,590)|(1,403)||
|National
Citizen Service|(b)|510,715|(461,104)|(49,611)||
|Fundraising|(c)|807,797|(567,286}|(240,511)||
|Community
projects
Schools related projects|(d)
(e)|385,747
294,233|(394,203)
~257,752)|8,456
~35.46))||
|||2,087,485|(1,767,934)|(319,550)||
|TOTAL FUNDS||4 763,066|~4,220,634||542 532|
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||||2022|2021|
|---|---|---|---|---|
||||8|5|
|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|
##
|During the year, the charitable
compan|y
entered
into th|e following transact|ions
with related|parties:|
|---|---|---|---|---|
|Norwich
City Football Club PLC|||2022|2021|
|Sales and recharges
during
the year|||69,458|2,308|
|Amount
receivable at 31 December|||||
|Purchases,
including
rent of premises,|and contribution|to Carrow Park|84,891|54,655|
|Amount
payable at 31 December|||15,629|12118|
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|ANGIBLE FIXEDA|SSETS|||||||
|---|---|---|---|---|---|---|---|
|GROUP|Leasehold||Fixtures,|||||
||property||fitting 8|Website|Land &|Work in||
||improvement|Pitch|equipment|Develop|buildings|progress||
||s|refurb|||||Total|
||6|||F|2|||
|COST||||||||
|At1 Jan2022|338,637|55,959|540,317|29,336|5,990,324||6,954,773|
|Additions|||119,588||82,125|1,750|203,463|
|Disposals||||||||
|At 31 Dec 2022|338,837|55959|659905|29336|6072 449|1 750|7 158236|
|DEPRECIATION||||||||
|At1 Jan2022|259,107|30,523|277,730|25,623|367,214||960,197|
|Disposals||||||||
|Charge for year|31,517|5,676|44 512|3 713|267 845||353 263|
|At 31 Dec 2022|290,624|36199|322 242|29 336|635,059||1,313,460|
|NET BOOK||||||||
|VALUE||||||||
|At 31 Dec 2022|48,213|19,760|337,663||5,437,390||5,844,776|
|At 31 Dec 2021|79,730|25,436|262„587|3,713|5,623,110||5,994,576|
##
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||2022|2021|
|---|---|---|
|GROUP|6|6|
|Trade debtors|370,364|254,324|
|Accrued income|253,473|51,240|
|Other debtors|64,361|40,950|
||688,198|346,514|
##
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|CREDITORS: AMO|U|NTS
FALLING DUE WITHIN ONE Y|EAR||
|---|---|---|---|---|
||||2022|2021|
|GROUP|||8||
|Trade creditors|||121,340|106,060|
|Taxation and social|security||60,776|53,971|
|Payments
received|in|advance of projects|5,394|11,150|
|Corporation
tax|||51,991|53,500|
|Accruals and deferred||income|6,451,069|6,939,258|
||||6,690,569|~7,163939|
##
|GROUP||||2022|2021|
|---|---|---|---|---|---|
||General|Designated|Restricted|Total|Total|
||funds|funclf|funds
6|funds
6|Funds
6|
|Fixed assets|5,844,775|||5,844,775|5,994,576|
|Net current assets|~3444 932|126,000||(3,318,932)|(3,923,875}|
||2 399.943|126,000||2,525843|2,070,701|