REGISTERED COMPANY NUkqBER.:
04100611
REGISTERED CHARITY NUMBER..
1088239
NORWICH CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES AND
CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
310ECEMBER 2023
•AD316KU2*
1310512024
COMPANIES HOUSE
A5
#24

NORWICH CITY COMMUNITY
SPORTS FOU.NDATION
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023
Page
Chairperson's Report 2023
Report of the Trustees
2107
Report of the Independent Auditors
81010
Consoliclaled Slalemenl of FinanciBI A¢bvilies
8alance Sheet
Consolidated Balance Shepl
13
Consolidated Stalemenl ol Cashflows
14
Notes lo (he Financial Slaiemgnis
151028

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
CHAIRPERSON'S REPORT 2023
The ever-growing work of NoNch City Community Sports Foundalion conlinues lo be a driving force in
supporting and inspiring people across East Anglia. Our loui key impact areas remain Ihe same.. driving
In¢lusion for people wlth disabllltles, boostlng mental health and wellbe5n9, ralslng aspirations for
disadvantaged people, and engaglng the community.
In 2023 we saw 43,23CI unique participants engaging with us for 681.557 hours. Whilst this is a significant
increase from 2022 and a number that conlinues lo grow, we actually.measure ourselves against the true impact
on those people. That Is what conlinues lo drive us fotward.
Our wonderful, mulli-use lacillty ii) Nofwich, The Nesl. has now estsblished itself as an inlegral parl of the
community since its opening. 11 has helped us extend our reach and open doors lo new programmes. people
and provisions Ihal help lo ensure the suslainabilily and growth of the charity and facility it'self.
rhe Nesl, which saw Ilie addilion ol a second 3G football pitch this year, has been ulili5ed by our lellow
harilable loundalions, businesses, sports teams, school groups, Pfivale functions. children's birthday parties
and n)uch more.
11 is also the proud home of Norwich City Women FC, who brovghl in a league-high avèrage home 8rtendanc8
of 333 tjuring th& lirsl hall of Ihe current 2023124 campaign.
The hub also welcomed over 15,000 unique visitors last year and a lolal throughput ol over 136,000 hi9hlighting
the community value of the sile.
Run Norwlch gol back inlo its Slride this year with a record 6,777 people taking on the 1 OK roule through our
line oly as Ihe race continues lo grow in popularity and Pfeslige. The 2024 evenl, which includes a Junlor lun
run, sold out 8,500 place6 in record lime.
On behalf of the Board of Truslees. I would also like lo Ihank Ihe incredible people who make wh81 we do
possible through sponsoring, fundraising., and volunl6ering. Wllhoul these 5UPPJrtèrs, our imp8cI would ba
greally reduced. Thank you all.
The NO￿lCh City Commuiiily Sports Foundalion and The Nest family continue lo grow in staff. aiding our qualily
and volume ol delivery Sn everything we do. Our people make us who we ale,. they drive, Ihey innovale, and
they care.
I would like lo Iliank all ol Ihem lor Iheir hard work and vital conlribulions as. we rellecl on another successful
year ol ch8nging lives in Norfolk.
Jake Hurnphr•y
Chairperson Communlty Sports Foundatlon
Page 1

NORWIC.H CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES
for the yèar ended 31 December 2023
The Iwslees preseiil their report and the audited coiisolidaled financial slalemenls of Ihe charity lor the year
ended 31 December 2023. Tlie Iruslees have adopted the provisions of Ihe Stalemenl of Recommei)ded
Practice ISORP} °Accounling and Reporting by Charilies. IFRS 1021 in preparing the annual repori and
financial 5talements ol the charity.
The financial slalemenls have been prepared in accordance with the accounting policies s81 oul in notes lo
the. financial sialemenls and comply with Ih.e charliy's governing document, the Charities Act 2011 and
Accounting and.,Reporting by Charilies.. Statement of Recommended Pracb'ce applicable lo charilie5 preparing
thèir accounts in accordance wlh the Financial Reporting Standard applicable in Ihe UK and Republic of
Ireland published on October 2019.
1. REFEREN¢E AND AOMINISTRATIVE DETAILS
Registered Company number
04100611 (England and Wales)
Registered Charity number
1088239
Reglstered offlce
Norwich City Football Club
C8rrow Road
Norwich
NorfolK
NR,1. 1JE
Trustees
G L Orake
J Humphrey
P J Knowle5
T Smith
EM Barham
MRKerr
Z Webber
S George
Audltors
Sexly & Co
Chartered Certrfied Accountants
& Slalulory Auditors
124 Thorpe Road
Norwich
NR1 1RS
Bankers
Ba(clays Bank PLC
1 Cliurchill Place
London
E14 5HP
Page 2

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES - CONTINUED
for the year ended 31 December 2023
2. STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisalion is a charilable company liniiled by guarantee, incorporated or) 1 November 2000 and
registered as a charity on 28 August 2001. The charitable company was eslablisheo under 8 Memorandum of
Association, which established the obiecls and powars of the charitable company, and it is governed by its
Articles of Association. In the event of the charitable company being wound up. merDbers are required lo
rA)nlribule an amounl nol exceeding £1, during the period of their appoinlmenl as a member and for a period
0112 months after resignaiion.
Appointmenl and training of new trustees
The direclofs of the charitable company ar8 also Iruslees for the purposes of charity law. New Iruslees are
elected by the members al a general meeting. Additionally. the Iruslees may appoint a further trustee or
Iruslees. Under the Articles ol Association, each trustee is r8quired lo retire Irom office aftef (he third annual
Iruslee meeling following the commencement ol their term, bul then shall be elogible lor reappoinlmenl.
Due 10 the nature of the charity. the Board of Truslges is seleu8d based on Iheir experllse and th8lr ablllly lo
contribute lo the lulure wellbeSn9 of the charity.
New Iruslees are briefed on their legal obligations as a InJ¥teeldireclor under charity. and company law, the
conlenl ol the charity's Memorandum and Articles of Association, the decision-making process, the business
plan and SUPPOfling financial plans.
Princlple rlsks and uncèrtainlies
rhe key business dsks affeclSng the charlty relate lo Ils fundlng sources. operallonal financlal risks and project
risks. The Board of Tiuslees and senior execullves review the risks of the charitable company on. a Tegular
basis and have implemented policies and procedures lo miligale exposure to these risks, to ensure compliance
with healih and salety sland8rds lor staff and scheme parli¢ipalors and to ensure that that 811 regulaiions
regarding th8 manag8menl and ts)nlacl wllh children are adhered loo. In addition, 8 review of all financial risks
is undertaken on a regular basi5. The main risk currently considered significant would be the reduction ol
funding from any of the major grants currenlly received. This risk is ne9aled by the use of a funding fall off
document lo ensure that ¢onlingency funding 15 identified to C¢)ver any changes.
Organlsatlonal structure
The 8oard of Truslees, ￿lch has an independenl Chairman. meels regulai'ly lor formal board me8lings al
which they receive (ielailed aclivily and financi81 r8porls. Thay also discuss key projects. 8nrJ ideas with the
chaiily'b leadership team. agree and review policies, review piogress and nionilor perforrnan￿. The board
includes direclors and senior rnanagement of Nonwich City Football Club PIC and Irusl8es wil.h specific
expertise from both private and public sector organisalions.
The Chief Execullve, lan Thornton, oversees the day-to-day running ol Ihe organisalion.
Page 3

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES - CONTINUED
lor the year ended 31 December 2023
3. OBJECTIVES AND ACTIVITIES
The charitable company's objeclives 8nd principal a¢livilie5 are delivered lor the benelil ol children, youi)g
people and adults in Norfolk and other counties in East A￿lia. regafd18ss ol race, sex. Creed. or social
baLkground.
The chafilable company's objectlves are..
lo provid8 inclusive environments for all to enjoy Ihe physical, mental, and social benefits ol sport.
lo use the power of sport and Norwich City Football Club to engage wilh hafd-lo-re8ch groups and
Inspire Ihem lo raise their aspirations, reach their polenlial, and lo achieve more.
lo provide affordable services that achieve widespread community impacl while supporting the charitable
company's suslainabilily.
lo provide and assist In providing facilities for sport, r8crealion or other leisure lime occupation ol such
persons who have need for such lacililies by reason ol Ilieir youth. age, infirmily or disablement, financial
hardship, poverty or social and economic circumstances or lor Ihe public ai large in the inleresl of Social
welfare and with the object of irnpfoving life condilioiis.
for the general purposes of such ch8rilable boclies or for such other exclusively charliable purpose$ In
each case as Ihe Iruslees may from lime lo lime decide.
The Iruslees have referred lo the Charity Commission's guidancg on reporting on PLtblic benelil Iseclion 17
of Chafilies Act 2011) when reviewing th8 chafily's aims and objeclives, and when planning the charity's
acllvllles. The trusl&es are Iherelore confldenl that the charlly meets the PLiblic ben8fil requlremenls.
4. ACHIEVEMENT AND PERFORMANCE
The chairman has sel out in his reporl. Ihe achievemenls and performance uf Ihe charilable cornpany.
The charity's work is focused around delivering qualily projects Ihal prornole sporl, leislire and education
opportunllles base¢J on Ihe communlly's needs. Thes8 ac1fv1118s form part of a plan movlng lorward that Is bulll
around the foundation5 of slrong and meaningful partnerships.
S. FINANCIAL REVIEW
The resulis lor Ihe year are sel out on page 11 of Ihe finailcial slalernenls. The nel incoming resoufces for the
year amounted lo £236,202 all ol which related lo unreslricled operations.
The charity operates in an environment that is challenging whefe granl funding remains difficult as competition
now exists Irom other non-profit making organisalions.
Resarves Policy
Unrestricted
The charitable company's unre51ricled reserves afe represented, in the majority. by cash al bank and In hand.
Due lo fluclualions in income. Ihe trustees consider Ihal unreslricled reseNes should be enough lo cover the
charitable company's planneo expenditure lor a pefiod of a minimum of four months where possible.
Unrestricted reserves at the year.end were £2.636,045, a value thal is more than the minimum level prescribed
by the Iruslees.
P.age 4

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES- CONTINUED
for the year ended 31 December 2023
FINANCIAL REVIEW Icontinuedl
Desi
The charitable company has esiablished a deslgnaled fund reserve to sel aside amounts for the future
mainlonance and replacement ol pitches al Carrow Park.
The chafity has eslablished a designaled.slaff fund reseNe lo prov.ide for the possibility Whe￿ , if a restricted
programme funding falls off and is not replaced in the short term, before se¢urlng further lunding for. Ihls
programme, we ar8 able lo ¢onlinue Ihe effecl of delivering Ihe pro9ramme and susiaining the. projects that it
is involved in.
e Iricte
Raslriclèd reseThes represent monies recaiv8d by the chariiable company for various projects (as delai18d
later in the financial slalemen15). These funds are polenlially refundable lo the providers as they are condllional
upon the income being used for specified purposes.
Sources of Fundlng
The charily receives funding Irom lour main sources., participanl conlribulion on activity prograrnmes..
comm81¢ial sponsof5hip,' grants from chafllable Iruslslloundations,. and donations.
The charilable company's primary sources ol funding are:
Th8 grants received from local and nallonal organlsalions who have conlribuled funding and sUPPOrt
towards the many and varied projects undertaken, Durlng the year Ihe charlly received £2,055,831 {2022;
£2,294.6091 Ihrcugh gfanl and conlr8cI funding.
11. The charity holds soGcer ancl school 8clivilies, which include soccer schoo15, after school clubs .and.
developmenl centres. Durlng Iho y8af the tharlty generated £2,383.52512022: £1,985'.6091 from théso
aclivilies.
Investment Polley
The I￿Stee5 ar8 einpowèied 10 invesi funds in a mannei appropriate. having regard lo the security of any
inveslmenls made and the fequiremenls ol the Charity Commissioner's order.
6. PLANS FOR FUTURE PERIODS
The charity is actively looking to increase Ihe la¢ility operation Opllons al ils community hub The Nest. 8y the
end of 2024 additional indoor space will be considered as part of the next phases of development at the sile.
Any addittonal phases of development al the site wlll add to Ihe opporlunilies ol engagement available to
beneficiaries ol the sile.
The piimary objective of the charity's lundraising aclSvity will once again become 10 support and sustain lis
community delivery. The charity will continue lo id&nlity and develop programmes to tackle social issues in
Nortoik, working in partnership wilh many key organisalions.

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES - CONT.INUED
for the year ended 31 December 2023
7. FUNO.RAISING STANOARDS INFORMATION
Tha char.ity'approaches fundraising through an in-house fundraising team. They laciliiale evenis throughout
the yeaf for the purpose ol raising funding for The Foundation. There is no 3rd party laciliialion in the delivery
ol Ihese events.
T,here were no volunlary schemes th81 ￿gUlated the fund-rai8ii)g acbvilips during Ihe year.
Ouring the .year there. were sigrdficaiil efforts by. The Peaky Climbers 10 raise lund5 for the Foundalion. this
was followed.by the fundraising team, who also.gave their support lo the ev8nl.
Th8re wer& no cornplaints received during the year regarding the conduct of participanls or Ihe Foundation in
relation lo t.he fund-raising Ihal was carried out durlng the year.
.The cliafily will ne.ver ask m8inb8rs ol the publiL lo lake parl in il's even¢s wilhoul their coi)senl. The charity
operales on the basis Ihal p8rticipanls will willingly sign up lo and parlicip8le in the events Ih81 ere gvailable
lo lake part in and will never be asked lo donale money or olhef property lo the Foundatson Ilial is beyond
their rneans. All participant data is stored in compliance with The Foun¢Jalion's GOPR policy, allowing data lo
be stored privately and securety.
Page 6

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
REPORT OF THE TRUSTEES . CONTINUED
for the year ended 31 December'2023
RESPONSIBILITIES OF THE TRUSTEES
The Irusle6s (who are also directors of Norwich City Community Sports Foundation for the purposes of
company lawl are r6sponsible for preparing the report of the Iruslees and Ihe'financial slalements in
accordance wilh applicable law and United Kingdom Accounting Standards {UnSled Kingdom Generally
Accepted AccI￿n1•ng Practice).
Company law requires the truslees lo prepare financial slalemenls for each financlal year, which .give a Irue
and fair view of the of Ihe charitable company and ol the incoming resources and applicalion of resources,
including the income and expenditure, of the charltable company for that period. In preparin9 these financial
slalemenls. Ihe Iruslees are required lo..
select suilable accounting policies and then apply them consislently.,
observe the methods and principles ol the Charities SORP..
make jLKlgmenls and eslimales that are reasonable and prudenl,.
prepare Ihe financial slalemenls on the going concern. basis unless il is inappropriate lo presunie that
the charilable company wll conllnue in business.
The Iruslees are responsible for keeping proper accounting records th81 disclose with reasonable accuracy al
any lime the financial position of the charitable company and enable Ihern lo. ensure thai the Ilnancial
statements comply with th8 Companies Act 2006. They are also responsible lor safeguardin9 Ihe assets of
the charllable company and hence for laklng reasonable steps for the prevenlion and deleclion ol Iraud and
other irregularilies.
In so lar as the Irusl&es'8re awar•'.
there is no relevanl audit 1nformation.of which the charitable company's audilor'ls unaware. and
the Iruslees have taken all steps Ihal they ought to have taken to make themselves aware of any
relevant audil Inlormailon and to 8slabllsh that the audllor Is aware of the informallon
This report has been prepared in a¢¢ordan¢e with the special provisions of Part 15 of the Companies Act 2006
rel81ing lo small companie5.
011 BEHALF OF THE BOARD..
S l George - Tr
ee
4 April 2024
Page 7

Independent Auditoes Report to the Truslees of Norwich City Community Sports Foundation
Opinion
We have audiled the financial statements of Norwich City Commuiiily Sports Foundation (the 'parenl charitable
company'l and ils subsidiaries Ilhe 'group'l for the year ended 31 Oecember 2023 which comprise the Income
Slalemenl, 8alance Sheet and notes lo the financial slalemenls. incl¢Jding signilicanl accounting policies, The
financial reporting framework Ihal has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting S18ndord applicable
in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slalements..
give a true and lair view ol the state of the group's and parent ch8rilable company's affaifs as al 31
December 2023, and of the group's incoming resources and application of resources. including ils
income and expenéilure. lor the year then ended.
have been propedy prepared in accordance wiin United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requiremenls of the Companies Act 2006 and the Charities
Ac12011.
Basis for oplnlon
We conducled our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable
law. Our r85ponslbilities under those slandards are further descnbe(l in the Audllor's responsibilities for the audit
of the financi81 slalemenls seclion ol our reporl. We are independent ol Ihe group and parenl charilable company
in accordance with the elhlcal requirements that are relevant lo our audit of Ihe financial slalemenls in the UK,
including Ihe FRC'S Ethical Standard. and we have fulfilled our olhgf elhlcal rèsponslbililies in accordance with
these requirements. We believe Ihal the audit evidence we have obtained is sufficient and appropriale lo provide
basls for our oplnion.
Conoluslons relatlng to golng con¢ern
In auditing the financial slalemenls, we have conclLtded thal the truslees, use of Ihe going concern basis of
accounting In the preparation of the financial slal&ments is approprlale.
8ased M the work we have performed, we have not identified any material uncertainties felaling lo events or
conditions Ihal. individually or collectively, may Gasl slgnificanl doubl on Ihè group's or parent chaiiiable
company's ability lo continue as a going concern for a period of al leasl twelve months from when the financial
stslamgnls are auihorised lor i$sue.
Our r8sponsibililies and the responsibililies of Ihe trustees with respect lo going Con￿rn are described in the
relevant sections ol this report.
Other Informatlon
The other information comprises the inlormal¢on included in the Iruslees annual report. other ihan the financi81
sts18nienlS and our auditor's report Ihefeon. The Iruslees ar8 rosponsibl8 for the olh8r inlormalion contained
within the annual report.
Our opIn￿n on the financial slalernenls does not cover the other infofmalion and. except lo the exlenl otherwise
explicitly staled in our report, W8 do nol expiess any lorm ol assurance rx)nclusion Ihereon.
Our responsibility is to read Ihe olher infomialion and, in doing so, consider whether (he olher information is
materially incon5isleni wlth the financial statements or our knowledge oblained in the course of the audit or
otherwise appears lo be malerially misslaled. If we ideniify such material inconsistencies or apparenl malerial
misslalernents. we are required lo determine whether Ihis give5 rise lo a materi81 misslalemenl in the financial
statements Ihefnsgfves. 11. based on Ihe work we have performed. we conclude Ihal there is a malerlal
misstatement ol this other information, we are required lo report that fact.
We have nothing lo report in Ihis regard.
Opinions on other matlers pregcribed by th6 Companies Act 2006
In our opinion, based on the work undertaken in the course of the sudil..
the inlomiation glven In Ihe IrLtslees' report for Ihe'financial year for which the financial slalenienls ere
prepared is consislenl witli the financial slalemenis., and
the direclofs. report has been prepareij in accordance with applicable legal requirements.
Page 8

Independent Auditor's Report to the Trustees of Norwich Clly Community Sport5 Foundatlon
Matters on which we are requlred to report by exception
In the light of the knowledge and understanding of the group and parent chafitable company and its environment
oblained in the course ol the audit, we hav8 not identified material misstatemenls in the directors. report.
We have nothing lo report in respect of the lollowing mallers in relation lo which Ihe Companies Act 2006 and
Ilie Charilies Act 2011 requires us to reporl lo you if, in our opii)ion'.
ad8quale and suffici8nl accounting r8cords have nol b8en k8pI by It18 parenl charitable company, or
returns adequate lor our audit have not been received from branches not visitèd by us: or
the pafenl charitable company's financial sl8lemenls are not In agreement with the accounting records
and returns,. or
cèrtain disclosures of dSreclors' remunerallon specifled by law ar8 not made,, or
we liave not received all the inform81ion and explanations we requiie for our audit; or
the Irustees were not enlitled lo prepare (he financial slalemenls in accordance wilh the small
companies, regime and lake advantage of the small companies, exemptions in preparing the directors,
report and Irom the requiremenl lo prepare a slralegic r8porl.
Responsibilities ol trustees
As 8xplained niore fully in the Irusièes, fèsponsibililies slalemenl sel out on page 6. th8 Irusl8es who 8re also
Ihe direclois ol (he parent charilable company lor the purposes of company law are responsible for the
preparation of Ihe financial slalements and for ￿Ing salisfied that they give a true and fair view. and for such
internal Control as the Iruslees delermine is necessary lo enable the preparalion of finanGlal stalemenls Ihal are
free from material misslalemenl, whether due lo fraud or error.
In preparing Ihe financial stslemenls, the Irusiees are fesponsible for assessing the groups and par6nl charitable
ooinpany's ability lo continue as a going concern. clisclosing, as applirAble. m3118rs relaled lo going concérn
and using the going concem basss ol accouniing unless the Iruslees elih8r intend lo liquidate the group or parent
charil3ble company or lo cease operauons, Dr have no reallsllG allernalive bul to do so.
Auditor's responsibllitles for the audit of the financlal statements
We havè been appolnled au¢Jllor under Ihe Companies Acl 2006 and section 1 $1 of the Charilies Acl'2011 and
report in acr,ordanGe with those Acts.
Our objectives are lo obtain reasonable assurance about whether the financial slalem8nts as a whole are free
from malerlal misslatemenl, whelher due to fraud or error, and lo issue an auditor'5 report Ihal Includes our
opinion. Reasonable assurance is a hlgh level of assurance, bul is not a guarantee (hal an audil conducled in
accordan￿ with ISAS (UK) will always deleci a material misslalernenl when il exlsls. Mlsslalemenls'can arise
from fraud or error and are considerèd malerial il, individually or in Uie aggregale, they could reasonably be
expected lo influence the economic decisions ol user5 taken on the basis ol these llnanclal slalements.,
Irregularities, includlng fraud. are Instances of non.compliance with law5 and regulations. W8 deslgn pr￿edureS
in line with our responsibilities, oullined above. lo delect material misslalemenls in respect ol irregularllies..
including fraud. The exlenl lo which our procedures are capable of dètecting irregulari1Ses, including fraud Is
detailed below:
We have made enquifies with management regarding Iheir procedures for complying with laws and regulations
along wllh delecllng and prev&nt fraud, We also revlvw minules of meetings and any published news articles lo
identify any instances of non.conipliance with and regulations.
Evidence lias been obtained wliere applicable. Writlen represenlalion has been oblained to cnnfirm Ihere have
been no breaches of laws and re9ulalions.
Pagt 9

Independent Audltovs Report to th& Trustees of Nonvlch Clty Community Sports Foundatlon
The 8u(Jit procedures are designed. so that with reasonablè assLirance, material misslatemenls can be delecle(J,
including those relating lo fraud. Specifically, areas which involve provisions or estimations have beei) lested
where malerlal.
Because of. the inherenl limilalions of an audil, there is 8 risk Ihal we will not delect all irregularilies, including
those leading lo a material misslalemenl in Ihe financial slatemenls or non-compliance with iegu181ion. Thi5
risk inLTeases the more that compliaiice wilh a law or re9ulalion is r8moved from the evè.nts and transactions
reflected in the financial slalemenls, as we will be less likely lo become aware of inslances of non-compliance.
The rl8k is also gfealer regarding ii'regularliies oc.curring due lo fr¢iud rathèr than error, as frau¢J involve5
inlenlional COn￿alMent. forgery. collusion. omission or misrepresentation.
A lurther descripllon ol our responsibilities Is available on the Financial Reporting Council's websile al.,
hl
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ncelSiand8rds-(Ind-
13n
s-aild-
r-audilor"
rs-res
onsibililies-
Of-aL
dlUDescri
ion-ol-au
ilors-res
onslbililies-fof.aLJdil.as
Thls descriplion forms parl ol our 8udilor's reporl.
Use of our report
Thls report Is made solely lo Ihe charllable company's n)efftbets. as a body, in acrofdance with Chapter 3 01
Part 16 of the Companies Act 2006 and lo the charilable company's Iruslees, as a bociy. in accordance with
Parl 4. 01 the Charilie5 (Accounls and R8porlsl Regulations 2008. Our audit work has been undertaken so Ihal
we mighl state lo Ihg charitable company's ni8mb8rs and ils Iruslees those matters we are required 10 Stale lo
them in an audilols reporl and for.no oiher purpose. To Ihe lullesl exlenl permilled by law, we clo not accept or
assume respon5ibllity lo anyone other than the charitable company and Ihe charitable company s members and
Iruslees as a body, lor our audit work. for this report, or for Ihe opinions we have lormed.
l A Bartow (Senior Statutory Audilorl
lor and on behalf ol Sexty & Co
Chartered Cert)fie¢ Accounlanls & Stalulory Auditor
124 Thorpe Road
Norwich, Norfolk
NR1 1RS
Page 10

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
Ilncludlng Income and expendlture account)
lor the year ended 31 December 2023
2023
Tolal
lunds
Unreslricled
funds
Reslricled
funds
,funds
'Noles
INCOME
Donalions and Legacies
Charilable aclivilies
Other income
1,387.725
3,359.397
200,890
29,757
1.087,822
1,417,482
4,447,219
200,890
1,084,182
4.491.616
117,604
Total
4,948,012
1,117,579
6,065,591
5,693,402
EXPENDITURE
Raising lunds
Charitable activities
Other expenditure
15,910
3,590,381
1,199.697
543.176
516.194
559,086
4,1[￿,575
1,.199,697
567.,288
3,686,359
978,567
Total expenses
4,805,987
1,059.370
5,865,358
5,232,212
NET INCOME belor8 Iranslers and
taxallon
Taxation
Transfers be￿een funds
142,025
58.209
200,234
481.,190
35.968
58.209
35.968
16.048.>
158.2091
NET MOVEMENT OF FUNDS
236,202
238.202.
455.142
RECONCILIATION OF FUNOS:
Total fund$ brought forward
2 525 843
2 525 843
2 070 701
TOTAL FUNDS CARRIED FORWARD
27
2 762,045
2,762 045
2,525,843
The notes form part of Ihpse financial s'ialemenls
Page 11

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
CHARifY 8A.LANCE SHEET
At 31 December 2023
2023
2022
FIXED ASSETS
Tangible assets
Inveslmgnls
Intangible 8ssels
13
14
198,140
92,640
198,141
92.641
CURRENT ASSETS
Stocks
Debtors
Cash al bank and in hand
15
771,066
1,837.968
884,939
2,259,449
2.609,034
3.144,388
CREDITORS
Amounls.falling due within one year
16
1901,1701
11.341.938)
NET CURRENT ASSETS
1,707,864
1,802,450
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,906,004
1,895,091
FUNDS
Unrestricted fvnds
D&sign81ed funds
Reslricled.funds
18
18
18
1,780,004
126,000
1.769,091
126.000
TOTAL FUNDS
1906 004
1895 091
These financial slatemenls 'have b8en prep8red in accordance with the special provisions of Pafl 15 of Ihe
Companies Act 2006 relating lo small chari18ble companies and wilh Ilie FRS 102 SORP.
The financial slalemenls wete approved by the Board ol Trustees on 4 April 2024 and were slgned on its
bghalf by..
SIGeor
Registered cornpany number-. 04100611
The notes fomi part of these financial 51alemenls
Page 12

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
CONSOLIDATED BALANCE SHEET
for the year ended 31 Docomber 202.3
2023
2022
Noles
FIXED ASSETS
Tangible assets
24
5 844 776
CURRENT ASSETS
Stocks
Oebtors
Cash al baiik and in hand
282.070
630,953
2 200 292
26,955
688.198
2 656 483
25
3,113.314
3,371,63.6
CREDITORS
Amour)Is falling due'wilhin one year
26
17,246,274)
16,690,569)
NET CURRENT ASSETS
(4,132,960)
(3.318.933)
TOTAL ASSETS LESS CURRENT
LIABILITIES
2.762,045
2,525.843
FUNDS
un￿Stricted fund$
Designated funds
Reslrlcled funds
27
27
27
2,636,045
126,000
2,399,843
126,000
TOTAL FUNDS
2 762,045
2 525 843
These fin8ncial si3lemenls hdve been prepared iii accordance with Ihe speclal provisions ol Parl 15 of lh8
Companies Act 2006 relaty'ng lo sm811 charilable companies and with the FRS 102 SORP.
The financlal sialements were approved by the Board of Trustees on 4 April 2024 and were signed on its
behalf by.
S l Georgè -Trusl8e
Reglslergd company number-. 04100611
The notes form part of these finanGial 51alemenls
Page 13

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
CONSOLIDATEO STATEMENT OF CASHFLOWS
for thg year ended 31 December 2023
2023
2022
Net. movement in fund8 for the reporting period
Depreciatlon char9es
Decr8aselllncreas&l in stocks
Decreaselllncreasel in deblors
Increaso in creditors
236.202
393.355
{255,1151
57,245
555,705
455.142
353.264
44,4TT
(341,684)
1473,370)
Net cash flow from operatlng activitle.s
987,392
37.829
Cash flow from. Investlng actlvltlos
Paymenl$,lo acquire tangible fixed ass8ls
Receipts from disposal ol tangible fix8d assets
(1,445.5.191
1.936
{203,4.63)
Net cash. flow Irom Inv.estlng activitles
11,443,583}
1203.4631
Nel Incr•asa In cash and cash equlvalentg
1456,19.21
{165.634)
Cash and. ca¥h equlvalenl8 at boglnnlng ol perlod
2,856,484
2.822,118
CAsh and cash •qulvalents al •nd of pfjrlod
2,200,292
2,656.484
The noles form part ol Ihese financial 51alemenls
Page 14

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSQLIOATED FINANCIAL STATEMENTS
for tho year ended 31 December 2023
ACCOUNTING POLICIES
Basi5 of preparing the financial statements
The financial slalements have bèei) prepared in accordance wrth Accounling ai)d Reporting by
Charities.. Slalemenl of Recommended Praclice applicabl8 10 charities preparing their financial
slaièmenls in arcordance with the Financial R8porling Standard applicable in th8 UK and Republic ol
eland IFRS 102) issued on October 2019, the Financial Reporting Standard applicable in the Untted
Kingdom and Republic ol Ireland (FRS 1021. Ihe Charities Acl 2011, thè Companias Act 2006 and UK
Generally Accepted Pracliee as11 applies from 1 January 2021.
Norwich City Community Sports Foundation meets the definition of a public benefit entlly under
FRS102.
The financial slalements a￿ presented in pounds sterling and are rounded lo Ihe neare51 pound.
Company status
The charity is a company limiled by guarantee. The memhers of the company are Ihe Ifuslees named
on page 2. In the event of Ihe charity being wound up. the liability in respect ol the guarantee 18 limited
10 £1 per member of the charily.
InGomlng resources
All incoming resources are induded in the Statement ol Flnancial Aclivllies ISOFAI when the charity is
legally entitled lo the income after any performance conditions have been mel. the amounl can be
measured reliably, and il is probabl8 Ihat the income will be re￿ived.
For grants and donations to be recognised the ch8rily will have been notified ol Ihe amounts and Ihe
settlemenl dale. If Ihere are conditions attached lo the grant or donation and Ihls reqvires a level of
p8rformance befor6 enlillemenl can be obtained. Ih8n Income 18 deferrod unlll Ihose condilions are'lully
mel or Ihe lulfilmenl ol Ihose condilions is within the control ol Ihe charlly 8nd11 is probable that they
will be fulfilled.
Income from trading a¢tlvilies includes income earne(J Irom fundraising events and Irading aclivilies lo
raise lunds for the charlly, Income is received in exchange lor supplying goods and servlcés In order
io false funds and is recognised when enlillernenl has OCKUfred.
Resources expend•d
All eMpendilLire accounted for on an 8ccruals basis and has been classilled under he8ding$ Ihal
aggregale all costs related lo the category. Expenditur8 Is rewgnised where ther8 is a legal Of
constructive obligation lo make payments lo third parties, it is probablè that the settlement will be
reqL*lred, and the amounl ol the obligation can be measured 181iably.
Support costs allocation
Support costs are those th81 assisl the work ol the charily bul clo not direclly reprgsenl charitable
aGlivilie5 and includf) office cosls, governance costs and adminislralive cosls. They are Incurred directly
in support ol expenditure on the objects ol the charity. Where support costs cannot be directly attribuled
lo headings, they have been allocaled lo cost of raising lunds and expenditufe on charitable activities
a basis conslsienl wllh use of the fesources.
Fund accounting
Unreslricled lunds are available lor use al the discretion of the Iruslees in furlh&ran¢e of the general
objectives of the charity and which have not been designaled lor olher purposes.
Desigiialed funds comprise unreslricled fund5 that have been set aside by the tNslees for particular
purposes. The aim and use ol each designated fund are sel out in the noles lo Ihe financial Blalements.
Reslricled funds are lunds which are lo be used in accordance with specific reslriclions imposed by
donors or which have been raised by the charity for specific purposes. The cost of raising and
administenng such funds are charged against the specific fund. The aim and use of each reslricl8d
ftjnd is s81 out in Ihe notes lo the financial slalemenls.
Government Granls
Grants received from the govemmenl are reccgnised wilhin the Slalemenl of Financial Aclivilie5 {SoFAI.
11 there are condilions allached lo 11)e granl or donation and Ihis requires a level ol performance before
entillemenl can be oblained, Ihen income is delerred until those conditions are fully mel.
Page 15

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATEO FINANCIAL STATEMENTS - CONTINUED
for tho yoar ended 31 December 2023
ACCOUNTING POLICIES - contlnued
Tanglble lixed asse15 and depreciatlon
Tangible fixed assets are slated al cosi less depreciation. Depr8ciaiion is provided al rale8 calculaied
lo wnte off the wsl of fixed ass.ets, less their eslimaled residual value, over their expected usolul lives
on the following bases..
Leasehoid'proFerly improvemenls - Slraighi line over 5, 10 or 21 years
Fixlures, fittings & equipment- Siraighl line over 1, 2, 3. 5, 10 and 12 years
Pitch refurbishment - Slraighi line over 10 years
Land & building5 . Slraigl)I lin& over 2.5 ye8rs
stocks
Stocks are staled ai the lower of cost and estimated selling price less cosls to complete and sell. Cost
includes all costs of purchase, costs of converslon and other costs incurred in bringing stock lo ils
presenl. localion and condition. Provision is made for damaged, obsoleie and slow-moving slock where
appropriate.
Oebtors and creditors recelvable I payable within one year
Deblors and credilors with no slated inleresl rate and receivable or payable within one year are recorded
.al. transaction price. Any,losses arlsing Irom irnpairrneni are rècognised in expenditure.
Value added tax
The charitable company is not registered for VAT and accordingly, all costs include irrecoverable VAT
where appropriate,
P•nsion$
The Charity operates a ¢Jefined contribution pension scheme for Ihe benefit of certaln staff m8mbers.
The assels of the scheme ar8 halcl separately from Ihose of (he chaftly in independently Bdminislered
funds. The costs ol contributions ar8 written off against profiis in the year they are payable.
Opeiating leases
Rentsls appll¢abl8 lo operating le8$9s are chafged to the SOFA on a slr8ighl-line b9sis ov&r tha perlod
in which the COSI is incurred.
Financlal instruments
The charitable company has elecled lo apply Ihe provisions of Section 11 '8asic Finanoal
Inslrumenls. and Section 12 '01h8r Flnancial Inslrumenls Issues, of FRS 102 10 811 of ils flnanclal
instruments.
F.inancial instruments are.iecognised in Lhe charitable. company's balance sheet when the charitable
¢omp8ny becomes paty to ihe contractual provisions of the instrument.
Financial assets and liabilities are offsel. wlth the nel amounts Pfesènled in thé financial slalemenls,
when (here is a legally enlofceable right lo sel off the recognised amounts and Ihere is an inlenilon lo
sellle on a nel basis or lo realise Ihe assel and sellle the liability simullaneously.
Baslc financlal assets
Basic Iln8ncial assets, which include debtors and cash and bank balances, are inillally measured
ai Iransartton. price induding transaclion.costs and are sutssequenlly carried al amorlised
cost using Ihe.effeciive inleresl method unless the arrangemenl consiiluies a financin9 Iransaclion,
where the transaction is measured al.the present value of the fulufe receipts discounted at a markel
rate of interest. F.inancial assels dassified as receivable wllhln one year are nol amortised.
Classification of financial liabilities
Financial liabililies and equily instruments are dassilied acLording to the subsiance of the
contractual arrangements entered irilo. An equity instrument is any contract that evidencès a residual
interest in (he 85se15 Ot the charitable company atter deducting ell ol its liabilities.
Page 16

NORWICH CITY COMMUNITr
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUEO
for the year ended 31 De¢ember 2023
Baslc financlal liabilitles
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies
Ihal are classified as debl, are initially recognised 81 Iransaclion pric8 unless the 8rrangemenl
conslilules a financing Iiansaclion, where the debl insliumenl is measure¢ al th8 present value of
the future paymenls dlscounled al a market rale ol Interest. Finan¢lal liabilities classifled as payable
within one year are not am¢)rtised.
Trade creditors are obligalions lo pay for goods or services that have been acquired in the ordinary
ourse ol business Irom suppliers. Amounts payable are classified as current liabilitigs rf payment is
due within one year or less, Ir not, they are presented as non-currenl liabilitie5. Trade creditors are
recognised inlllally al Ifansaclion price and subsequenuy measured al amorti88d cost using tha 8ffecliva
Inleresl method.
Taxallon
The charily is an exempl charily within th8 meaning of schedulè 3 of the Cliarilies Act 2011 and is
Considered lo pass Ihe lesls sel oul in Para9r8ph I Schedule 6 Flnance Acl 2010 and Iherefore il rneels
the definition ol a charitable company for UK corporalion lax purposes.
The charity's IOQY• owned subsidlary, The Nesl {Norfolk's Community Hub) Llmlled, is not exempt and
iherefore pays corporation lax al the main rate.
Golng concern
The linanrSal slalemenls have been prepared on a going concern basls as the Irusleès belleve Ihal no
material uncertainties exist. The trustees have consldered the level ol funds held and the expected level
of income and expenditure lof 12 months from aulhorising Ihese financial 818lemenls. The budgeted
income and 8xpenditure are 8nough with Ih818V81 of r.eserves for the charity lo be able lo continue as a
going concern.
INCOME FROM OONATIONS
Total
2023
Total
2022
GROUP
Unreslrlcled
Reslrlcled
Donations {CSFI
Donations (The Nesll
Olher donations and income {CSFI
Other don?lions and income (The Nestl
253,650
29,757
283,407
185,953
1.134,075
1,134 075
898.229
1.387,075
1,417.482
1,084.182
The funding detailed above is primarily monetary funding, through donalions in cash and onllne. Thera
W8r8 no notable donallons of gooLls durlng the financial yoar.
Volunleers however are pivolal lo the work the charity undertakes and in deliverlng Ihe fundraising
events Ihal The Foundation faciliiales. M05t nolably the contributions of volunteèrs during the charity's
annual 1 OK running evenl 'Run Norwich. help lo raise vital funds for the ¢harily. These contributions
c3nnol be recognised in th8se financial slalemenls bul their. contribution is inv8luable in a¢hieving the
results in the table above.
Page 17

NORWICH CITY COMMUNITY
SPORTS FOU.NDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED
for the year ended 31 De¢ember 2023
INCOME.FROM.CHARITABLE ACTIVITIES
Tolal
2023
Total
2022
GROUP
Unreslricled
Reslric18d
School a'nd soccer aclivilles
CommL4nity related actrvilies
Pisabilily re'ialed activities
Social engagement activities .
Education relaLed a¢iivilies
HI￿ income
Fundraising ev8nts
Olher income.
1.711,312
672,212
151,037
253,738
197.816
72,336
1,965,ofJO
870,028
223,373
1,842,070
912,512
S10.715
508,668
95.807
621,844
669.558
131.109
669,558
131,109
563,932
24,167
563,932
24.168
3 359 396
1087 822
4 447.218
4,491,616
OTHER INCOME
Total
2023
Total
2022
GROUP
Unresirfcted
Reslrided
Klt inco.me {The Nestl
Ren181 income (Th8 Nestl
.Governmenl Support
196.915
3,975
196,915
3,975
78,194
e,300
33.110
200.890
200,890
117.604
TOTAL EXPENDITURE
Total
2023
Tolal
2022
GROUP
Direct Activllles
Support
Cosl of. faising funds
Charitable Aciivilies (note 61
Other expenditv
360,333
1,118,802
257,902
198,753
2,987.773
941,795
559,086
4,106.575
1,199.697
567,286
3.686,359
978,567
1737 037
4 128,321
5.865 358
5 232.212
Page 18

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUEO
for the year 8nd¢d 31 December 2023
ANALYSIS OF CHARITABLE EXPENDITURE
Tolal
2022
GROUP
Project Costs Suppgrt Costs
2023
Soccer and school activities
Community related a¢tivllies
Disability related aclivilies
Social engagement acts'vilies
Education relation activities
Hire related activities
Other running costs
525,4.87
283,151
132,326
33,500
129.9011
12.554
558,987
253.250
144,880
609,740
410,729
461.104
80.647
22.813
2.101,326
148,505
29,333
148,505
29,333
2,971,620
2,971.620
1,118,802
2,987,773
4,106 575
3.686,359
Where a management fee Is applied to a grant Ihese encompass the Support costs and have been
elassilied as so.
OTHER EXPENDITURE
GROUP
Total
2023
Total
2022
Unr.eslricted
Restricted
Other nJnnin9 cosls (The Nest)
1.199,697
1,199,697
978.567
1,199.697
1,199,697
978,567
NET INCOMINGI(OUTGOING) RESOURCES
Nel resources ar8 slated after ¢harglng.'
2023
2022
Audllors. remunerats'on
Depreciation - owned assels
Arnortlsation
Operaling lease ￿ntaI$
12,810
12,28>
393,355 353.331
Rent of land and buildings
Hire of motor vehlcles
24,650
TRUSTEES. REMUNERATION ANO BENEFITS
Ther6 was no Iruslees, remunerallon or other benefils for the year endéd 31 December 2023 of for the
ye8r ended 3108cember 2022.
There were no Irust8es"' expenses paid. for the year ended 31 December 2023" or fo( the year ended
31 December 2022.
Page 19

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIOATED FINANCIAL STATEMENTS - CONTINUED
for the'year ended 31 Dec8mb8r 2023
10. .STAFF COSTS
GROUP
2023
2022
S12ff cosls.were as follows..
Wages and salaries
Social security costs
Pension costs
Other employmanl costs
3,035,179
260.665
7Q.645
19.496
2,634,252
231,726
62,089
121.169
3.385 985
3 049,237
There were no p￿paId or accrued pension costs al either the beginning or end of th8 yaar.
The average number of employees. calculated on a full-lime equivalent basis, an8lysed by function
was:
2023
2022
Trustées
Pemianent',slaff
Part-lime coaching stsff
71
36
81
24
TAXATION
2023
Group
2023
Charlly
2022
Group
2022
CharSty
Cofporalion lax charge for the year
Movement on deferred tax
32
48
35,968
12. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME
As per.rni118d by Seclion.408 of the Companies Act 2006, Ihe Slalemenl of comprehensiv.e Income ol
Ihe parent company is not presented as part of these financial.stalemenls.
Page 20

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS . CONTINUED
for the year ended 31 December 2023
13. TANGIBLE FIXED ASSETS
CHARITY
LeaseholLI
propgrty
improvemenls
"Fixiur89,
filling &
equipmenl
Pitch
r8furbi5hmgnl""
W8bsile
D8velopmenl
Tolal
COST
Al 1 Jan 2023
Addilions
Disposals
338,837
3,551
5,158
55,959
26Jf,363
168,376
17.2,669
689,49S
171,927
1.80.014
2,.18
Al 31 Dec 2023
337 230
261. 070
68.1408
DEPRECIATION
Ai 1 Jan 2023
Disposals
Charge for year
290,623
(3,564)
36.200
240,696
11.846) (172,669)
29,336
sg6,855
(17.8,0781
Al 31 Dec 2023
324 770
48
268
NET BOOK
VALUE
Al 31 Dec 2023
171789
Al 31 Dec 2022
48,214
19,759
24,667
92.640
Pagè 21

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIOA.TED FINANCIAL STATEMENTS - CONTINUED
for the year endod 31 December 2023
14.
INVESTMENTS
Investments represent the chariiable company's investment in the shares of The Nest (Norfolk's
Community Hub) Ltd Iconipany ,numbef 106892331. The re9isiered office address is NO￿lCh Cily
Foolball Club, Carrow Road, Norwich, Norlolk, NR1 IJE. The charilable company own5 1 oof/io of the
issued share capital of Tho'Ne51 {one ordinary share al £11, whose aogregale capital and reseives al
Ihe Balance Sheet dale was £472,16812022 £630,753). The lurnovar lor I'he Nesi fof Ihe yeaf endirlg
2023 is £1.340,095 which presents a loss of £102,584. The ¢onsolidaled accounts includ8 The Nest.
DE8TORS,' AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
CHARITY
Trade debtors
,Accrued incom8
Amounts owed by group undertakings
Other debtor5
304,798
299.799
124,966
341.462
223,971
272.788
46,718
771,066
884,939
16. CREDITORS.. AMOUNTS FALLING DUE.WITHIN ONE YEAR
2023
2022
CHARITY
Trade creditors
Taxation and social security
Payments received in advanco of piojeels
Amounts owed by group un¢Jertaklngs
Accruals and deferred inc0rn8 (see below)
75,469
156,404
103.310
52,576
5,394
669 296 1 180,658
901,170
1 341,938
Deferred income comprises ol the following amounts which hav8 been designated a5 relaling lo lulufe
periods by the grant provlders:
Unrestricted
Reslricted
Toial
Balance as at l January 2023
Less., release of amounts deferred in prior periods
Add.. amounts deferred lo fulure periods
392,000
1392,0001
214 392
2g6,523
1296,5231
209 834
688,523
{688,5231
424 226
Balance as al 31 December 2023
214,392
209,834
424,226
These amounts are included in the accruals and deferred income figure at Ihe year-end.
1 T. ANALYSIS OF NET ASSETS BETWEEN FUNDS
CHARITY
2023
Total
funds
2022
Total
funcls
General Designated
lunds
fund
Reslricled
funds
Fixed assets
Nel current.asset5
198.141
1 581,863
198.141
1707.863
92.641
1802.450
126,O¢X)
1,780,004
126,000
1,906.004
1.895.091
Page 22

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIOATED FINANCIAL STATEMENTS- CONTINUED
for the year ended 31 December 2023
18.
MOVEMENT IN FUNDS
Nel,
movement in
CHARITY
At 1.1.23
funds Al 31,12.23
'Unre"stricted funds
General fund8
Oesignaled fund- Carrow Park
Designaled fund - Staff
1,769,091
1,.780,004
26,000
100.000
100,000
1,895.091
1,906 004
TOTAL FUNDS
1.895,091.
1,906,004
Net movement in lunds, Included in the above are as follows:
Transf&r
between Movement in
funds
Incoming
rèsources
Resources
expended
Unrestricted funds
General funds
Designaled fund
3,751,995
(3,799,291)
(47,296)
5.8.209
3,751,995
3.799,291)
58,209
10,913
R•$trlct•d funds
Fundraislng
Community projecls
Schools related projects
Disabilily projects
(a)
{bl
593,689
197,816
.253,738
72,336
1543,1761
115J,110
{257,256
105,828)
150,5131
144,7061
33,492
1,117,579
(1,059,370)
158,2091
TOTAL FUNDS
4.869,574
4.858,661
Paae 22
Pagp 23

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS . CONTINUED
for the year ended 31 December 2023
19.
ANALYSIS OF RESTRI.CTED FUNDS
FUNDRAISING
The Foundation's funijralsing appeal aims lo help brlghlen up people's lives through sport by raising
lunds Ihal enable us lo continue lo deliver vital services lor disadvantaged people and.Ihos8 with
disabililles.
UNITY
OJ
CT
Kicks 18rgels young people who have previously proven difficull to reach 8nd uslng foolball as tho main
engagEm8nl lool, helps guide Ihem towards a range ol sporting aclivilies. Funded by the Premier
League, with ad(Jilional support from CSF, Klcks is rLtn wilh a partnership approach 8nd led with a
steering group.
Onsidè Pfogramme was developed in partnership with Norfolk Counly Council INCC) Eady InleNenlion
T8am (EITI. Youlh Offending Team {YOTI and Norfolk PoliGe. The projeci largels 8-11 year olds (Year
3-61 trying lo break Ihe cycle ol vlolenl youth crime and exclusions in early years which has the polenlial
to lead into MO￿ violonl adull behaviour an'd oiher associated negalive behaviours.
LS REL
PR
JECTS
Included within Ihe general heading of Schools related proiecls Ore the following Individual lunds..
In5
Premier League funded progr.amme delivered in high Schools over 24 weeks. 12 w88ks ol this on
enterprise related to NCFC and 12 weeks relating lo a social action plan on how lo redu￿ Plastic
consumption.
Working wlth Ihe Premier League where the sim is lo provlde sports and activities within schools lo fill
gaps in provision where there is no activity in p18ce. This projeci supports English and Maths in primary
schools and provides leacher CPD lo those iiivolved.
ABIL
PR
TS
The Realising Polerrtial programrne 15 a targeted programme lo inspiie and er)gage people wilh physical
and men181 disabilities lo participale and compete. in sport. Fundad by Premier Leagup Professional
Footballer's Associaiion and NCS, Ihe Pfogramme aims lo support young people and adults in
developing Iheir sporting capabilities, as well a5 employabilityllife skills. Workshops and 5porls
sessions,.Social development through youth group aclivilies.
Page ZA

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
for the year ended 31 December 2023
esi
nated funds
The charitable company holds several d8signaled funds that have béen allocated, lor vaFIou¥
inveslments lo malnlain or develop the capltal project.￿ al the Nest or to maintain deliverylprolecls when
.th'eir lunding ￿ase5.
Currently the charity holds 4 months of operating reserves to Provide ¢8shflow and protection should
th8 organisalion suffer some finan¢ial hardship or. ieouire windlng up.
Funds have been sel aside lo maintain and d8v8lop Carrow Par.k and Ihe Nesl as both facililies require.
carpel ￿placemen1 every 10-14 years and signifiGanl costs10 manage wear and tear.
We hold a designated projeGI fund lo provide lor the possibility where, if a reslricled progrgm fundino
falls off and Is not replaced in the short lerm. belore securing lurihef funding lor Ihis program, we Bre
able lo continue the effect of dellvering the program and suslalning Ihe Pfojecl.
The charity has established a d8signaled fa¢illty fund lo sel aside amounts. lo allow for the conlinued
development ol th6 Nest Norfolk's communily hub facility. The N881 Is opgralad by the Foundation's
subsidiary company,
Page 25

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
.NOTES TQ THE CONSOLIOATED FINANCIAL STATEMENTS . CONTINUED
.lor the year ended 310ecember 2023
20. OPERATING LEASE, COMMITMENTS
2023
2022
Annual commitments under operating leases fof land and buildings
Expiring:
Wllhin 1 year
Be￿een.one and five years
After..more than five yéars
33.000
142,500
63,000
238,500
18.000
18.000
Annual ¢ommilments under opefaling lèases for ¢)Ifice equipment and. motor vehicles
Expiring..
Within 1 year
Be￿een one and five years
After more than five years
9.500
11,874
21,374
21.
RELATED PARTY OISCLOSURES
The ¢harilabla company is 8ssodaled by vlrtue of common dSo¢tor$ with Norwich Clly Foolb811 Club
PLC.
During Ihe year, the charitabl8 company enl8red inlo the lollowing Ifans8clions wlh related parties.,
Nonvlch City Football Club PLC
2023
2022
Sales and rech8rgea dutlng the year
Amount receivable at 31 Decernber
Purchases, including rent of premises, and ¢ontribulion to.Carrow Park
Amount payable 81310e¢gmb8T
31,425
640
192.359
2.560
69,458
84,891
15,629
22. PENSION COMMITMENTS,
The charity operates a defined contribution pansion schemè Ihal has been in place Irom the formalion
of tho company. Thls now only includgs 2 original 8mploy88s. Th8 8ssels of the scheme ar8 held
separalely from those of the charity In indep8ndenlly administered funds.
The charity operates a pension scheme through Pension Aulo-Enrolmant for all other employees.
The pensicsn cost charge represents ¢onlribulions payable by the charity 10 the penslon fund and during
the year amounted lo £70,645 (2022 £62,089).
23.
ULTIMATE CONTROLLING PARTY
The ultimate controlling party is the Board of Trustees.
Page 26

NO.RWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDATEO FINANCIAL. STATEMENTS- CONT.INUED
for the year ended 31 December 2023
24. TANGIBLE FIXED ASSETS
GROUP
Leasehold
property
improvem
enls
Pitch
relurb
FIKlures,
filllng &
equipment
Website
Developm.
Work.
In
Land &
buildings
Total
COST
Al l Jan 2023
Addilions
Dlsposals
338,837
3,551
5.158
55.959 659,905
188.836
172,669
.29,336
8,0.72,449 1,750
7.158.236
1,188.173 64,960 1,445,520
180.014
2,187
Al 31 DeG 2023 337.230
53 772 6.76 072
7 260 622 86.710 8 423 742
DEPRECIATION
Al l Jan 2023
290,624
Disposals
13,5641
Charge for year 37.711
36,199 322,242
(1,846) 1172,669)
5,527
29,336
635,059
1.313,460
(178,078>
393 356
287811
Al 31 Dec 2023 324 771
39 880 211880
922 870
1528 738
NET
VALUE
Al 31 Dec 2023 12,459.
800K
13,892 464,192
6,337.751 66,710 6.89'5,th)4
Al 31 Dec 2022 48,213
19,760 .33.7,663
5,437.390 1.,7,50 5,844,77$
Page 27

NORWICH CITY COMMUNITY
SPORTS FOUNDATION
NOTES TO THE CONSOLIDAT.ED FINANCIAL STATEMENTS- CONTINUED
for the year ended 310•cember 2023
25. DE8TORS; AMOUNTS FALLING OUE WITHIN ONE YEAR
2023
2022
GROUP
Trade debtors
Accrued income
Olher,.debtors
375.019
199,938
55,996
370,364
253,473
64,361
630,953
688.198
26.
CREOITORS:.AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
GROUP
Trade ¢re(liiors
Taxation ahd. social securily
Payments received in advance.of projects
Corporation lax
Accruals and deferred income
120,190
171,189
121,340
60,776
5,394
51,991
6,451,069
16,023
6,938,871
7 246 274
6 690 569
.2T. ANALY,SIS OF NET ASSETS BETWEEN FUNDS
GROUP
2023
Total
fun¢Js
2022
Total
Funds
General Designated
funds
fund
R6slricled
funds
Fixed asset
Net current assets
6.895.004
4 258 960
6,895,004 S,844,775
(4 132 960
(3.318 932
126.000
2 638 045
2 762.045 2.525.843
Page 28