REGISTEREO COMPANY NUAqBER: 04100611 REGISTERED CHARtTY NUMBER: 1088239 NORWICH CITY COMMUNITY SPORTS FOUNDATION REPORT OF ThE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 NOR￿cH CITY COMMUNITY SPORTS FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2025 Page Chairpers¢)n's Report 2025 ReP(￿t of Ihe TnJ5tg8s 2to7 R8POrt of Ihe Ind8pend8nl Audit￿$ 8t010 Consolidated Statement of Financial Activittes 11 Balance Sheet 12 Consolidated Balance Sheet 13 Consolidated Statement of Cashflows 14 Noles to the Finanual Stalements 15to29 NORWICH CITY COMMUNI SPORTS FOUNDATION CHAIRPERSON'S REPORT 2025 "A yoar of In$piring and supportlng our communlty: bulldlng bolonglng and opportunlty whgre It matters most" What continues to inspire me about Ihe Foundation is the detemiined mindset running through it and a shared desir8 to aEways want to do better. In a year that has been tough for so many. Ihat mindset ha5 really mattered. Reaching more than 56.000 participants across 11,400 sessions is something lo be incredibly proud of, but what sits behind those numbers Is what is really woth celebrating. The trust that's been buitt. the conslslency of showng up, and the strength of the relationships across Norfolk is better than ever. Being recognised as Norwich City's Community Club of the Year was a brilliant mment both as an accolade. and as a refieclion of the connection between the Club and the community. Seeing players give their time, engage with Ihe community and bring energy into our programmes continues lo make a real differell￿. The continued growth of the Realising Potential programme has enabled more people with disabilities to access opportunities, build self-confidenc8. and feel a genuine sense of belonging. This kind of real impact is exactly why the Foundation was created. The Nest is another example of what's possible when you ¢r&at& tho right environment. Wilh over 20,000 unique Visttors this year, it's become far more than just a faality. It's a Pla￿ where people come IcyJelher, connections are forrned. and opportunity lives. The ambition lo take it even furth9r is something I'm incredibly excited about. But none of this happens without the collectNe effort behind it. Wrthoul our participants, partners, fijnders. volunteers. fundraisers and staff. the Foundatiori doesn't exist. You make this Foundation what it is and I'm incr9dibly grateful for the role each of you plays in helping us make a difference. Jake Humphrey NoMch Cty Community Sports FOu￿lation Chairperson Page 1 NORWICH crry COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES for the year ended 31 December 2025 The trustees present their report and the audited consolidated financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities- {FRS 102) in preparing the annual ￿pOrt and financial statements of the charity- The financial statements have been prepared in accordance with the accounting policies set out in noles lo the financial slalemenls and comply wth the charty's goveming documenL the Charities Act 2011 and Accounting and Reporting by Charf(ies'. Statement of Recommended practi￿ applicable to charities preparing their accounls in accordance wilh the Financi81 Reporting Stsndard applicable in the UK and Republic of Ireland published on October 2019. 1. REFERENCE ANO ADMINISTRATIVE DETAILS RBgistered Company number 04100611 (England and Wales> Registered Charlty number 1088239 Registered office Norwich City Football Club Carrow Road NoTwich Norfolk NR1 1JE Trust995 G L Drake.. {Resign8d.' 3rd December 2025) J Humphrey P J Knowles T Smith EM Barham MRKerr Z Webber S George J Hill.. (Appointed.. 1V September 2025) Auditors Sexty & Co Chartered Certified Accountants & Slatulory Audttors 124 Thorpe Ro Norwich NR1 1RS Bankors 8ar¢lays Bank PLC 1 Churchill Place London E14 5HP Page 2 NORWICH CITY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES. CONTINUED for year ended 31 December 2025 2. STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•rnlng document The crfganisation is a charitable company limited by guarantee. incorporated on 1 November 2000 and registered as a charity on 28 August 2001. The charitsble company was established under a Memorandum of Association, which established the objects and powers of the charitable company, and it is govemed by its Articles of Association. In the event of the charitable company being wound up. members are required to contribute an amount not exceeding £1. during the perlod of their appolntment as a member and for a perKKI of 12 months aftgr resignation. Appointment and training of new trustees The directors of the charitable company are also tnJ51ees for the purposes of charity law. New Iruslees are elected by the members at a general meeting. Additionally. the tnjslees may appoint a further trustee or trustees. Under the Articles of Association, each Iruslee is required to relire from office after the third annual trustee meeting following the commencement of their lemi bul then shall be eligible for reappointment. Due to the nalmre of the charrty. the Board of Truslees is selected based on their expertise and their ability to contribute to the future wellbeing of the charlty. New Iruslees are briefed on their legal obligations as a trusteeldirector under charty and company law, the content of the chaTtVs Memorandum and Art'cles of Associab'on. the decision-making process. th& busines5 plan and supporting financial plans. Prfn¢lple rlsks and uncertalntles The key business risks affecting the charity relate to its funding sources. operational financial risks and project risks. The Board of Truste85 and senior executives review the risks of the charitable company on a regular basis and have implemented policies and procedures to miligale exposure lo these risks, lo ensure compliance with health and safety stsndards for staff and scheme participators and lo ensure that all regulations regarding the management and contact with children are adhered loo. In addition, a review of all financial risks is UTKlertaken on a regular basis. The main risk currently considered signrficantwould be the reduction of fundirjg from any of the major grants currently received. This risk is negated through the use of a fundiThJ fall off document which ensures that contingency funding is identified to cover any changes. Organisational structure The Board of Trustees. which has an independent Chaimian, meets regularly for formal board meetings al which Ihey receive detsiled activity and financial reports. They also di￿￿SS key projects and ide8S Wlth the charity's leadership team, agree and review policies, review progress and monitor performance. The board includes directors and senior management of Norwich City Football Club Pk and trustees with specific expertise from both private and public sertor organisations. The Chief ExecLrtive,18n Thornton, oversees the day-to-day running of the organisation. Page 3 NORWICH CITY COMMUNirf SPORTS FOUNDATION REPORT OF THE TRUSTEES - CONTINUED for th• year andad 31 Dècombgr 2025 3. OBJECTIVES AND ACTIVITIES The charitable company's objectives and principal activities ar8 delivered for the benefrt of children, young people and adults in Norfolk and other counties in East Anglia, regardless of ra¢8, sex, creed, or social background. The charitable companls 0￿.ectiVeS are.. to provhfje inclusive environments for all to enjoy the physir21. mental, and social benerrts of sport. to use the power of 5rMy¢ and Norwich City Fwtball Club to engage wlh hard-to-reach groups and inspire them lo raise their aspirations, reach their potential, and to achieve ￿￿e. to wovide 8ffc*dable services that achleve widespread eommunity impactwhile supporting the charitable company's sustainabilty. to provide and a5SiSt in providing facilities kn sporL recreation ￿ other leisure time ￿cUpation of suth persons who have need for such facilities by reason of Iheiryouth, age, infimiity or disablement, financial hardship. poverty or social and economic circumstances or forthe public at large in the interest of social weware and wilh the object of improving lile conditions. for the general purposes of such charitable bcxjies or for such other exclusively ¢harit8ble purposes in each case as the Iruslees may from time to time decide. The Iruslees have raferred to the Charty Commission's guldance on reporting on public benefit (section 17 of Charilies Act 20111 when reviewing the charity's aims and objectives. and when planning the charity's activities. The trustees are therek*e confident that the charity meets the public benefil requirements. 4. ACHIEVEMENT AND PERFORMANCE The chaimian has set out in his report the achievements and Performan￿ of the charrtalje company. The charity's work is focused on delivering quality projects that promote sport, leisure and education opportunits.es based on the community's needs. These activities form part of a plan moving forward that is built around the foundations of strong and meaningful partnerships. FINANCIAL REVIEW The r8suIts for the year are set out on page 11 of the financial statements. The net incoming reswrces for the year amounted to £169,3￿, all of which related lo unrestricted operations. The charity operates in an Ènvironment that is challenging and where grant fvndiry remains difficult lo obtsin as compÈtrtion now exists from other non-profit malung organisabons. Reserves Polky Unrestricl The charitsble o)mpany's unreslricled reserves are represenled, in the majonty, by cash at bank Ind In hand. Due to fluctuations in income, the Injslees consider that unrestricted reseNes should be enough to cover the charitable companls planned expendtture for a period of a minimum of four months where possible. Unrestricted reserves at the year-8nd were £2.953.505. a value that is more than the minimum level prescllbed by the trustees. £904.000 of these unreslrictsd reserves have been designated to projects, both new and to maintain and are as listed in the notes to these accounts. A further £500,000 is sel aside to support 0￿ratIOnal risks in the year such as funding reductions. Page 4 NORWICH COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES - CONTINUED for thé ￿ar ènded 31 Dgcember 2025 S. FINANCIAL REVIEW Icontinu8d Desi nated The charitable company has established a nuTnber of desrgnated ftjnd reserves to set aside amounts for the fulure growth, development projgcls, maintenance and replacement of pitches as well as a fund to safeguard against d)anges in donated in(X)￿* sources. The charty has estsblished a designated 0￿rating reserve fvnd to wovide for Ihe possibility where. rf the restr(cted programme funding falls off and is not replaced in the short temi, il has available funds to ulilise before securing further funding for this programme. Th18 allows the continued and SLEStained delivery of the projects the trust is involved in. Other funds include the provision for the building of Padel courts at The Nest, reserves to fvnd futur8 kit changes for stsff and the potential purchase of a cottage at The Nest. R strict Restricted reseNes represent monies recelved by me tharitable company for various projects (as detailed later in the finanaal statements). These funds are potentially refundable to the providers asthey are conditional up)n the income being used for specified purposes. As at the year end. all funding was untilised. Sources of Fundlng The charity receives funding from four main sources: parttcipant conlribulions to acUvKy programmes., commercial swnsorship& grants from charitsble truslslfoundations,. arKI donalK)ns, direcuy and via fundr8ising events. The charitable company's primary sources of fundlng are: Grants received from local and nadonal organisalk)ns who have contrlbuted funding and sup(M)rt towards the many and varied projects undertaken. Durlng the year Ihe chadty recelved £2,052.983 {2024'. £2.082.0651 through grant and contract funding. ii. The charity holds soccer and school activities. which include soccer schools. after school clubs and development centres. During the year the charity generated £1.734.69812024.' £1.943.9771 from these aclivilies. Investment Polky The trustees are eM￿￿ered to invest funds in an appropriate mallner. having tegard to the serurity of any investments made and the requirements ofthe Charity Commissionerfs order. 6. PLANS FOR FUTURE PERIODS The charity is actively looking to increase the facility operalion options al its community hub The Nest. During 2026 Padel Courts will be finalised and added to the facilities at the sf(e. The Charity continues lo investigate and identify additional facilities that would add to the benefits delivered by the charity. Any additional phases of development at the wte will add to the opportunities of engagement available to beneficiaries of the site. The primary objective of the charity's fundraising activty will once again become to support and sustain its r￿Mmunity delivery. The charity will Continue lo identrfy and develop programmes to tackle social issues in Norfolk, worklng in partnership wilh many key organi5ations. Page S NORWICH CITY COMMUNITY SPORTS FOUNDATION REPORT OF THE TRUSTEES- CONTINUED for the yaar ondgd 31 Decembgr 2025 7. FUND41AISING STANDARDS INFORMATION Th8 charity approaches fuThlraising through an in-house fundraising team. They facilitate events throughout the year for the purpos8 of raising funding for The Foundation. There is no 3rd paty facilitstion in the delivery of these events. There were rK) voluntary schemes that regulated the ￿nd-raiSIr￿j activities duriThJ the year. There were no complaints reeeived during the year regarding th8 conducl of participarts or the Foundation in relation to the fund-raising Ih31 was carried out during the year. The ¢harity will never ask members of the public to take part in its events wlthout their conserbt. Tre charfty operales on the basis that partiapanls will willingly sign up to and participale in the events that are available lo take parl in and will never be asked to donate money or other property lo the FouTrdgtion that is beyond Iheir means. All participant data is stored in compliance with The Foundatson's GDPR poliw, allowing data to be stored privately and securely. Page 6 NORWICH cl￿ COMMUNiff SPORTS FOUNDATION REPORT OF THE TRUSTEES - CONTINUED for the year ended 31 Docember 2025 7. RESPONSIBILITIES OF THE TRUSTEES The trustees (who are also directors of Norwich City Communty Sports Foundation for the purposes of company lawl are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). Company Faw requires the trustees lo prepare financial stslements for each financial year. which give a true and lair view of the of the charitable company and of the incoming re5ource5 an¢J application of resources, including th8 income and 8xpenditure, of the charitable company for that period. In preparing these financial statements, the tsustees are required to.. select suitable accounting policies and then appty them consistently. observe the methods and principles of the Charities SORP. make judgments and estimates that are reasonable and prud8nt. prepare the financial statements on the going concern ba$is unlgSS it 1$ in?ppropriale to presume that the charitab18 company will continue in business. The trustees are responsible for keeping proper ac£ounting records that disdose with rea80nablo accuraGy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. Th8y are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the pr8vention and deleclion of frdud and other irregularities. In so far as Ihe trustees are aware.. there 15 llo relevant audit infomation of which the charitable companys audltor is unaware: arKI the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audr( information and to establish that the audit￿ is aware of the information Thls r8POrt has been prepared accordance with the special provisions of Part 15 oflhe Companies Act 2006 relatlng to small companles. ON BEHALF OF THE BOARD.. S l G8orge - Trustee 1$1 July 2026 Page 7 Independent Audltoffs Report to thè Trust993 of Norwich City Communlty Sports Foundatlon- ft)r thg ygar 9ndgd 31 Dgcembfrr 2025 Oplnlon We have audited the finanaal statements of Norwich City Community Sports Foundation (the 'par8nt charitable company'l and rts subsidiaries {Ihe 'group'} for the year ended 31 December 2024 which comprise the In￿me statement. Balance Sheet and notes to thè financial ststements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally A¢￿pIed Accounting Practice). In ￿Jr opinion the financial statgments.. give a true and fair view of the state of the group'$ and parent charitable company's affairs as at 31 December 2024, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended: have b8en prope￿ prepared in accordan￿ vrith Ur)ited Kingdom Generally AGcepled Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basls for oplnlon We conduded our audit in a¢cordanGe with International Standards on Auditing (UK) IISAS (UK}l and apFAicable law. Our responsibilities under th95e standards are further described in the Auditor's responsibilities for the audit ofthe finan¢ial statements section of our report. We are independent ofthe group and parentcharilable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the U including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with Ihese requirements. We believe that the auditevideno we have obtsined is sufficient and approprialeto provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the finallcial slatemenls. w& have concluded that the trustees, use of the going concern basis of accountiThJ in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material unGertainties relating to events or onditions that, individually or collectively, may cast signrficanl doubt on thg group's or parent charitable ompany's ability to continu8 as a going conc£m for a period of at least twelve months from when the financial ststements are authorised for issue. Our responsibilities and the responsibilrties of the trustees wth respect to going con￿￿ are described in the relevant seckn'ons of this report. (Xher information The other information comprises the infomatK)n included in Ihe trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for Ihg Qther information conlaingd within the annual re￿t. Our opinion on the financial statements does not cover the other infom)8tion and, except to the extent otherwise gxplicitly stated in our report, we do not express any fonn of assuran￿ condusion thereon. Our responsibility is lo read the other information and, in doing so. consider whether the other infom)ation is matenally inconsistent with the financial statements or our knowledge obtained in the course of the audit or othe￿iSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required Its determine whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are reqvired to report that fact. We have nothing to report in this regard. Opinlons on other mattars pr•$¢rlbod by the Companios Act 2006 In our cpinion. based on the work undertaken in the ￿urse of the audit.. Ihe information given in the trustees. report for the financial year for which the financial 5tatemenls are p￿pared is Consistent with the financial statements: and the directors, report has be8n prepared in accordance with applicable legal requ1￿Ments. Page 8 Indepondent Audltorfs Report to the Trustees of NorwiGh City Community Sports Foundatlon- Continued for the yèar ended 31 DeGgmber 2025 Matters on whlch we are requlred to roport by •xc8ptlon In the light of the knowledge and unders18nding of the group and parent charitable company and ils environment obtained in the ¢ourse of the audit. we have not idenlified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion.. adequate and sufficient accounting records have not been kept by the parent charltsble company, or returns adequate for our audit have not been received from branches nol vlsited by us.. or the parent charitable company's financial statements are not In agreement with the accountlng records and returns., or certain disclosures of directors, remuneration specified by law are not m8de,' or we have not rec8ived all the infomialion and explanations we require for our audlt: or the trustees were not enlilled to prepafft the financial statements in accordance wilh Ihe small companies, regime and take advantage of the small companies, exemptions in preparing the dIre￿r$, report and from the requirement lo prepare a strategic report. Responsibillues of trustses As explair￿d more fully in the trustees. responsibilities ststement sel out on page 6, the bwstees who are also the directors of the parènt charitable company for the purposes of company law af8 responsible for the preparalion of the financial statements and for being satisfied that they give a tTue and fair view. and for such irslemal control as th8 trustees detemiine is ne￿ssary lo enable the preparation of financial statements Ihal are free from material misstatement, whether due lo fraud or error. In pr8paring the financtal statements, the trustees are responsible forassessing Ihe groups and parenl tharilable company's ability to continue as a going concem, disclosing, as apPli￿ble, matters related to going con￿rn and using th8 going concem basis of acc￿Jntlng unless the trustees either intend lo liquidate the group or parent charitabl8 company or to cease operations. or have no realistic alternative but to do 50. Auditor's responsibllltles for thg audlt of the flnan¢lal $tatamonts Our objectives are to obtain reasonable assurance about whether the financial slalem8nts as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includ25 our opinion. Reasonable assuranc8 is a high level of a$suran¢e, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a matsrial misslatemenl when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stste￿￿nts. Irregularities, including fraud. are instances of non•¢ompliance with laws and regulations. We deslgn procedures in line with our responsibilities, outlined above, to detect material misststements in respect of irregularities, including fraud. The @xtent to which our procedLtres are capable of detecting irregularities. induding fraud is detailed below: We have made enquirtes with management regarding their procedures for complying with laws and regulations along wlth detecting and prevent fraud. We also review minutes of meetings and any published news articles to identify any instar￿$ of n(￿-COmpliance wrth and regulations. Evidence has been obtained where applicable. Written representstion has been obtained to confim there have been no breaches of laws and regulations. Page 9 Indopgndgnt Auditorfs Rgport to the Trustees of Norwlch Clty Communlty Sports Foundation - Contlnued for the year ended 31 Decombgr 2025 The audit procedures are designed so that with reasonable assurance. material misstatements can be detected, including those relating to fraud. Specifically. areas which invc4ve provisions or estimations have been testsd where material. Because of the inherent limitations of an audr(, there is a risk that we will not detect all irregularities, induding those leading to 8 material misstatement in the financial statements or non-compliance wth regulation. This risk int￿#$eS the more that compliance with a law or regulation is removed from the events and tra￿aCtIOnS reflected in the financial statements. as we will be less likely to beo)me aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. ag fraud inVo￿e$ intentional concealment, forgery. collusion. omission or misrepresentslion. A further description of our responsibilities is available on the Financlal Reporting Councll's websts at.. htt .'Ilww.frc.or .uklOur-WorklAudiVAudit-and-assurancelStandards-and- uidancelstandard uid8n￿-fOr-audl1o¥$1Audl1orS-reS nsibilities-for-8uditlDescri tton-of-auditors-res onsibililies-f This descripts'on forms part of our auditols report. Use of our report This report is made solely lo the charitable company's members, as a body, in aecordants with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's tnjslees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the charitable company's members and its trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law. we do nol accept or assume responsibility lo anyone other than the charitable company and the charitable company's members and trustees as a body, for our audit work. for this report, or for the opinions we have formed. l A Barlow (Senior Slalutory Auditor) for and on behalf of Sexty & Co Chartered Certified Accountants & Statutory Auditor 124 Thorpe Road Norwich, Norfolk NR11RS Date.¥J-..Ix•b Page 10 NORWICH cl￿ COMMUNITY SPORTS FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {including income and expenditure account) for the year ended 31 December 2025 2025 Total funds 2024 Total funds Unrestricted fvnds Restricted funds Notes INCOME Donatirms and Legacies Charrtablg activities other incor 1,549.192 2,882.750 235.911 170.015 1.591.697 1.719,207 4.474,447 235,911 1.704.762 4.480.541 133.210 T¢)tal 4,667.853 1.761.712 6.429.565 6.318,513 EXPENDITURE Raising funds Charitable activrties other expenditure 356,318 42.088 356.318 4.254,349 1,649.508 405,783 4,534,420 1,378,443 4.212.261 1,649.508 Total 8xp8ns•s 5,861,769 398.406 6.280.175 6.318.466 NET INCOME befor• transfors and taxatlon Taxation Transfers between funds (1,193,916) 1,363.306 169,390 47 35,500 1.363,306 {1,363,306} 35,500 22,023 NET MOVEMENT OF FUNDS 204.890 204.890 22.070 RECONCILIATION OF FUNDS: Total fvnds brought forward 2784.115 2.784.115 2,762,045 TOTAL FUNDS CARRIED FORWARD 27 2.989,005 2.989,005 2,784,115 The notss form part of th8s8 financial statements Page 11 NORWICH CITY COMMUNI SPORTS FOUNDATION CHARITY BALANCE SHEET Al 31 D•¢omber 2025 2025 2024 Notes FIXED ASSETS Tangible assets Investments Intsngible asset$ 13 14 140,720 168,547 140.721 168.548 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 15 1.287,375 1.454,930 1.041.322 1.202.955 2.742.305 2,244,277 CREDITORS Amounts falling due within one year 16 11.282,610) {962,%5> NETCURREKf ASSETS 1,459,695 1,281,312 TOTAL ASSETS LESS CURRENT LIABILITIES 1,600,416 1,449,860 FUNDS Unrestricted funds Designated funds Restricted funds 18 18 18 1,868 1.598.548 1,323,860 126.OlXI TOTAL FUNDS 1,600.416 1.449,860 These financial ststements have been prepared in ac¢ordan¢e with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable rx)mpanies and wilh the FRS 102 SORP. The financial statements were approved by the Board of Trustees on 1 July 2026 and were signed on tts behalf by.. S l George - Truste8 Rogl$tgrgd u)mpany number. 04100611 The notes form part of these financial statements Page 12 NORWICH Ctrf COMMUNITY SPORTS FOUNDATION CONSOLIDATED BALANCE SHEET for the year ended 31 December 2025 2025 2024 Notes FIXED ASSETS Tangible assets 24 942 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 303,747 786,477 1,660,807 183.785 794,608 1,637,691 25 2.751.031 2,616,084 CREDITORS Amounts falling due within one year 26 16,524,752) 16.774.548) NET CURREKf ASSErs (3,773,721) 14,158,464) TOTAL ASSETS LESS CURRENT LIABILITIES 2,989,004 2.784,115 FUNDS Unrestricted funds Designaled funds Restricted funds 27 27 27 1.390.456 1,598,548 2,658,115 126,000 TOTAL FUNDS 2,989,004 2.784.115 These financial statements have been prepared in accordan￿ with the special provisions of Part 15 of the Companie5 Act 2006 relating lo small charitable companies and with the FRS 102 SORP. The financial statements were approved by the Board of Trustees on 1 July 2026 and were signed on its behalf by.. S l George -Truslee Reglstered Company numb•r.' 04100611 The noles form part of these financial stalemenls Page 13 NORWICH crrf COMMUNITY SPORTS FOUNDATION CONSOLIDATED STATEMENT OF CASHFLOWS for thè yèar ènded 31 December 2025 2025 2024 Nel movement in funds for the reporting period Depreciation charges Decreaselllncreasel in stocks Decreaselllncreasel in debtors Increase in creditr)rs 204.890 463,997 1119.962) 18.131 1259.796) 22,070 431,020 98,285 1163.655) (471.727) Net cash flow from op•rating aetivities 307,260 184,007) Cash Ilow from Investing aetivitiOS Payments to acquire tangible fixed assets Receipts from disposal of tangible fixed assets (284.144) (478.594) Net cash Ilow from Investlng actlvltles (284,144) (478,594) Net increase in cash and cash equlvalents 23.116 {562.601) Cash and cash equlvalents at beglnnlng ol perlod 1.637,691 2,200292 Cash and cash equlvalents at end of porlod 1,660,807 1.637,691 The notes fomi part of these financial statemenls Page 14 NORWICH crry COMMUNI SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for thè yèar éndéd 31 December 2025 ACCOUNTING POLICIES Basls of préparlng th• flnanclal statgmènts The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their financial ststements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on October 2019, the Financial Rgporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as il applies from 1 January 2021. Norwich City Community Sports Foundation meets the definition ol a publ￿ benefrt enlty under FRS102. Th8 financial statements are presented in pounds sterling and are Tounded to the nearest pound. Company status The charity is a company limited by guarantee. The members of the company are the trustees named on page 2. In the event of the charity being wound up, the liabilty in resped of ts guarantee i8 limited to £1 per member of the charty. Incomlng fesources All incoming resources are induded in the Ststement of Financial Activities {SoFAI when the charity is legally entitled lo the income after any performance conditions have been mel, the amount can be measured reliably. and it is prgb8ble that the income wll be re￿ived. For grants and donations tg be recognised the charity will have been notified of the amounts and the setuement dale. If there are conditions attached lo the grant or donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fijlly met or the fulfilmenl of those condilions is within the control of the charity, and it is probable that they will be fulfilled. Income from trading activities indudes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services lo raise lunds and is recognised wh8n entiuement has ocojrred. Resources expendod All expendrture is accounted for on an accnjals basis and has been classtfied under headings that aggregate all costs related to the category. Expenditur& is recognised Whe￿ there is a legal o constructive obligation to make payments to third parti&s, It is probable that the settlement will be required. and the amount of the obligation can be measured rellably. Support Costs allocation Support cosls are those that assist the work of the charity but do not direcily represent charitable activities and include office costs, govemance costs and administrative costs. They are incurred direcuy in support of expendtture on th8 objects of the charity. Where support costs cannot be directly attributed to headings. they have been allocated to cost of raising funds and expenditure on charitabl& activitiès on a basis consistent wlh us8 of the resources. Fund accounting Unrestriclgd funds aro available fcf use at the discrets'on of the trustees in furtherance of the gen8t81 objectives of the charFty and which have not been designated for other purposes. Designated fiJnds comprise unrestricled fvnds that have been set aside by the trustees for particular purposes. The aim and usg of each designated fund are set out in the notes to the finan￿al ststements. Reslncted funds ar• funds which are to be used in accordance with Specif￿ restrictions imposed by donors, or which hav8 bo8n raised by the charity for specific purposes. The cost of raising and administering such funds are charged against the speafic fund. The aim and use of each restrictad fund is set out in the notes to the financial statsm8nts. Page 15 NORWICH CITY COMMUNtrf SPORTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED for the year gnded 31 December 2025 ACCOUNTING POLICIES - continuod Tangiblg fixod ass9ts and doprgciation Tangible fixed assets are stated al cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estima18d residual value. over their expected useful lives on the following bases-. Leasehold property improvements- Straight line over 5, 10 or 21 years FiXtu￿s, fittings & equipment- Straight line over 1, 2, 3, 5, 10 and 12 years Pitch refurbishment- Str8ighl line over 10 years Land & buildings - Str8ighl line over 25 years stocks Stocks are stated at the lower of cost and estimated selling price less costs lo complete and sell. Cost includes all costs of purchase. costs of eonversion and other cost5 incuThed in bringing stock to its present location and condition. Provislon is made for damaged, obsolete and slow-moving stock where appropriate. Debtors and credltors receivable I payable wrthin ong year Debtors and creditors with no stated interest rate and receivable or payable withln one yearare recorded at transaction prTh. Any losses arisiro from impaimient are recognlsed in expenditure. Value added tax The charitable company is not registered for VAT and 8ccordiThJly, all costs include irretA)verable VAT where appropriate. Penslons The charity operates a defined contribution pension scheme for the benefit of ￿rtain staff members. The assets of the scheme are held separately from those of the charity in independently adminislered funds. The costs of contributions are written off against profits in the year they are payable_ Opgrating leases Rentals applicable to operating leases are charged to the SOFA on a straight-line basis over the period in which the cost is incurred. Financial instruments The charitable company has elected lo apply the provisions of Section 11 '88sic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all its financial instruments. Finanaal InSt￿ments are recognised in ts charitable companys balance sheet when the ch8ritabl& company becomes paty to the contractual provisions of the instrument. Finanaal assets ar¢d liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise tho asset and settle the liability simultaneously. 8aslc flnanclal assèts Basic financial asset8, whith include dÉblcfyrs and cash and bank balances. are initially measured at transaction price including transaction costs and are subs8quenlly carried al amortised cost using the effective interest method unless Ihe arrangement conslilutes a financing transaction, wher& the transaction is measured at the p￿sent value of the fvture receipts discounted at a market te of interest. Flnanclal assets dassified as rBceivable within on8 year are not amortised. Classlficatlon ijf flnanclal Ilabllltl•s Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument IS any o)ntract that evidences a residual interest in the assets of the charitable c#)mpany after deducting all of its liabilities. Page 16 NORWICH CITY COMMUNITY SPC>RTS FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUED for the year ended 31 December 2025 Basic financial Ilabllltles Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a mart