Registered numb?r.' 07347775 Charlty number: 1143340 THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee} UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA ¢ompany limit by guarantsel CONTENTS Page Reference and administrative details of the Companyi it8 Trustees and advi30YS Trustees, report Independent examinerfs report statement of financlal a¢tlvltles Balance shèot Not•$ to th• financial sto1?Thts 9-19
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA company limit by guarante0 REFERENCE AND ADMINISTRATIVE DETAILS OF THE COhlPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2020 Trustoe8 M Hardy P Andrews M Graham (appointed 14 Janvary 2020) S Anthony (resigned 14 January 20201 Company r¢gister¢d numbèr 07347775 Charity r8gist•rod number 1143340 Reglstered office 14 Ipswich Road, Nomich, Norfolk. NR2 2LR A¢¢ountants Larf(ing Gowen LLP, lfjng Street House. 15 Upper King StreeL Norwich, NR3 IRB Page 1
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company limited by guarant••l TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2020 The Trustees present their annual report together with the financial statements of the Company for the 1 August 2019 to 31 Juty 2020. The annual rew>rt serves the purposes of ky)th a Twstees. report and a diTectors' report under company law. The Trustees confirm that the annual report and financial Statements of the charitable ompany comply with the current slatutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Pt8ctice ISORPI applicable lo Charities preparing their accounts in accordance Yth the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclwe 1 January 20191. Since the Company qualrfies as small under section 477 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Obj¢¢tlvos and activitles . Policies and objectives The Charity's objective 15 the Pfomotion of Community participation in heathy rerxeation and in particular. but not exclusivety, by the prov¢sion of facilrties for the plan9 of hockey. In setting objectives and planning for activities, the Tnjstees have given due consideration to general guidance published by the Charity CommissKJn relating to public benefit, induding the guidan 'Public benefit.. running a charity {PB21'. b. Actlvities undertaken to a¢hlev• objttlives During the period under eW the facilrty Nfds used by local schools. dubs and other community organisation5 as part of healthy recfeation and sporting actFW'ty for public benefft. Achievements and performanee . Review of actlvitSe8 The period under review flectS the seventh fvll year of the facility. Sufficient income was once again generated durÈng the year to provide a sinking fund to fflainlain the facility in first clas5 condttson. In 2010 the Consortium leased a parcel of land (part of the Hewett School silel from the Centr81 Norwich Foundation Tru51 and gained planning pem)ission for hockey prtches. The first pitch was opened in June 2011. In December 2014 the Consortium agreed to Sulet part of the land lo the Girts, Day School Trust IGDSTI in order for them lo build a pttch for the Nomich High School for Girls INHSGI using the planning permission already in place. Whilst not members of the Consofts"um. GDST and NHSG agreed to certain conditions as part of the afrangement, the principal condrtions being.. primarity through Norwich Dragons Hockey Club, lo allow cunmunty use of the ptich in the evenings and al weekends to ensure the Consortium pitch was booked by OLFtside user5, if it was available, before the Hi9h School pitch lo provide financial, planning and project management resources to SUPkK)rt the construction of a pavilion at the site, this specific offer was offiually withdrawn by GDST in November 2018. The second pbt¢h was completed in June 2015. Pa9e 2
THE CENTRAL NORWICH HOCKEY CONSORTIUAI LIMITED (A cornpany limited by guarnntee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2020 Structura. goveman¢e and managem¢nt (continued) d. Organisational structure and do¢ision making All decision making and responsibilty for oversen9 daY-tdaY adwib.es 1$ Ihe responsibility of the Tru51ees. Future devolopment8 Future periods wll refiect income generated from use of the facilrties by k)cal h0o1$, clubs and community groups. In addition, rtain free of charge arhd reduced rate usage will again be arT8ngeO for local community groups and England Hockey Single System use as per the Communrty Use Agreement. The Consorttum intends lo continue a relationship with the In¥Jiration Trust lo encourage more use of the facilty by the Hewett Academy. Statemont of Trusto08' re8pon$ibSlltles The Trustees (who are also the diiectors of the Company for the purwses of wmpany lawl are responsible for preparing the Trustees. report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United KIngdC Generally Accepted Awunting Prath"cel. Company law requires the Trustees to prepare finanaal statements for each finanaal . Under company law, the Trustees musl not approve the financial ststements unless they are satisfied that they gNe a Irve and fair view of the slate of affairs of the Company and of ils incoming resource5 and application of resources, including ils income and expenditure. for that period. In preparing these financial ststemenls. the Trustees ale required lo.. select suitsble accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP IFRS 1021; make judgments and accounb.ng estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to èny material departures disdosed and explained in the financial statements- prepare the finanaal ststements on the going concem basis Unl r( 1$ inappropriate to presume that the Company will continue in bUne$S. The Tru51ees are responsible for keeping adequ*e accounting rdS that are sufficienl lo show and explain the Companys transa¢lions and disclose with reasonable accuracy al any ts.me the finanaal position of the Company and enable them to ensure that the financial ststements cornply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for tsking reasonable steps for the prevention and detection of fraud and othei irregularities. Approved b order of the members of Ihe board of Trustees and sned on their khalf by.. PAndre Trustee Date.. M Hardy Trustee |212J Page 4
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limiled by guarnntee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2020 A¢hi?vements and yrforn)an¢• l¢ontinu¢dl In September 2015 The Hewett School became an academy (The Hewett Academy) sponsored by the Inspiration Trust, however, this will not affect the ConsortTrum's lease and a ctose working relationship remains with The Hewett Acaedmy. Mr P Andrews, former governor of The Hth¥ett Schty)I, was asked lo remain as a Trustee and Director of the cons0.UM by his fellow Tnsslees. Financial rnview . Going concem After making appropriate enquiries, including taking into account the current Cov119 crisis, the Trustees have a reasonable expectation that the Company has adequate resources lo continue in operab.onal existence for the foreseeable future. The TTUStees are expecting a drop in income and some reduction in expenses for the year 20221, however there are adequate levels of free reserves and the Trvslees do not expect the current crisis to impact on the Company's going concem positson or future developments. For this rea50n. they continue to adopt the going concern basis in preparing the financial slalements. b. Resorves pollcy As al 31 Juty 2020. total funds held amounled lo £423.620 {2019'. £408.3551. Included in this amount was £195,258 12019." £200,121) of restricted funds represenb.ng capitsl grants received in contributson towards the facilrties. Remaining free reserves to be used lo fLbnd the Charitys activitie5 and ongoing governan amounted lo £228,362 12019.. £208,234). The Trustees maintain free reserves al such a level to cover operational expenditure for a minimum period of 12 months. Unreslricted reseeS al the year end are therefore sufficient to meet this policy. Structure. gov•rnan¢e and managemont a. Constltutlon The Company was incorporaled as 3 private company limited by guarantee on 17 August 2010. The Companws articles of association were amended on 4 August 2011 and was registered by the Charity Ctymmission on 15 August 2011, with registered tharity number 1143340. b. Methods of appolntment or el•ctlon of Truste06 The management of the C¢)mpany is the reswnsibilty of the Tnjstees who are elected and co-opted under the temis of the Trust deed. ¢. Policies adopted for the induction and trnining of Trustees Atl Trustees receive copies of the Companls arb.cles and are promded access to Charity Commission guidance a5 part of initsal induction and continuing training. Page 3
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarnnteel INOEPENOENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2020 Independent examingvs rnport lo tho Trustees of Th• Central Norwl¢h Ho¢k•y Con$ortium Limitèd I'th& Company'l I report to the charity Trustees on my examin*ion of the accounts of the Company for the year ended 31 July 2020. R¢sponsibilitsK and basis of report As the TTUStees of the Company land its directors for the ptFrposes of c(wypany18wI you are iesponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acfl. Having satssfied myself that the 8c¢ounts of the Company ale not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the Companys a¢¢ounts Carried out uder section 145 (rf the Charities Act 2011 {Ihe 2011 Act'l. In Carrying out my exarninalion I have followed the Directs"ons given by the Charity Commission under sect.on 14515llbl of the 2011 Act. Ind¢pend•nt examln•rfs statement I have completed my examination. I confimi that no matters have come to my attention in conneth'on with the examination giving me cause to believe". accounbng records were not kept in respect of the Company as required by section 386 of the 2006 Act," or the accounts do not accord with those records,. or the accoLtnts do not compty with the accounting requirements of section 396 of the 2008 Act other than any requirement that the accounts give a 'true an¢J fairf view which is not a mattel considered as part of an independent exaMinatn., or the accounts have not been prepared in accordance with the method5 and PfTnciples of the Statement of Recommended Practi for accounting and rwrb.ng by Charit$ lapplicable to charitses preparing their accounts in acco[dan with the Financial Reporting Standard apIcate in the UK and Republic of Ireland IFRS 10211- I have no concerns and have come across no other matters in conne¢lion with the examination lo which attentson should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solety lo the Companls Trustees, as a body, in accordance wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so Ihal I might state lo the Company's Trustees those matters l am required lo stste to them Èn an independent examinerfs report and for no other purpose. To the fullest extent pemitted by law. I do not accept of assume responsibility lo anyone other than the Company and the Compan¥s Trustees as a bLKty. for my Wofk OT for this report. Signed. Dated: 2 March 2021 Julie Grirnmer FCA DChA Larking Gowen LLP Chartered Accountants, Norwich Page 5
THE CENTRAL NORWICM HOCKEY CONSORTIUM LIMITED (A Company Ilmited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2020 Unrestricted funds 2020 Restricted fvnd¥ 2020 Total funds 2020 Total funds 2019 Note Income from: Donations and legacies Charitable activities Investments 25,000 26.764 254 25.0ty) 26.764 254 26.564 35,060 253 Totsl Incom• Expenditure on: Charitable activities 52,018 52.018 61,877 11.890 24.863 36,753 47,240 Total oxp•nditure 11,890 24.863 36,753 47,240 Net incomellexpendiiurel 40,128 {24.8631 15,265 14,637 Tr8nsfers between ftjnds 12 120,0001 20.000 Not movgmgnt In fund8 Reconciliation of funds: Total funds brought foward Nel movement in funds 20.128 (4.863} 15,265 14,637 208.234 20.128 200.121 {4.863) 408.3SS 15.265 393, 718 14,637 Total funds carried forward 228.362 195,258 423.620 408,355 The Ststement of financial activities indudes all gains and losses recognised in the year. The notes on pages 9 to 19 fom part of these financi81 statements. Page 6
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limitgd by guarantee) REGISTERED NUMBER.. 07347775 BALANCE SHEET AS AT 31 JULY 2020 2020 2019 Fixed assets Tangible assets 423,IJ03 449,865 423.1x13 449,865 Curront assets Debtors Cash 8t bank and in hand 6.718 145,499 13,896 122,588 152.217 136,484 Creditors.. amounts falling due wtthin one year 10 {26.600} (27,994) Not current assets 125.617 108.490 Totsl assets 1083 current liabilities 548.620 558,355 Creditors.. amounts falling due after more than one year 1125.0001 (750,000) Not a8Stts ex¢ludlng pension asset 423.620 408,355 Total net a88et8 423.620 408,355 Page 7
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limit*d by guarantee) REGISTERED NUMBER: 07347775 BALANCE SHEET ICONTINUEDI AS AT 31 JULY 2020 2020 2019 Note Charity fund8 Restricted funds Unrestricted funds 12 195.258 228.362 200, f 21 208,234 12 Total funds 423,620 408,355 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to d)tsin an audr( for the year in question in accordance with section 476 of Companies Act 20(6. The Trustees acknowledge their responsibilitie5 for complwng wilh the requirements of the Act wlh respect to accounting rewrds and pparation of financial statements. The financial statements have been prepared in accordan with the pros1onS applicable to entities subject to the small companies regime. The finanaal statements were approved and authorised for issue ty the Trustees and signed on their behalf by.. Hardy ITrusleel Date.. 11 PAnd ITnJsteel The notes on pages 9 to 19 fomi part of these financial statements. Paue 8
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarant•o NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Accounting policies 1.1 Basis of preparatlon of flnan¢lal ststements The financial stslemenls have ten prepared in accordance the Charities SORP IFRS 1021- Accounting and Reporting by Charities-. Statement of Recommended Practi applicable to charities prepanng their accounts in accordance with the Finanua5 ReFrtIng Standayd applicab in the UK Republic of Ireland IFRS 1021 (effective 1 January 20151. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Central NOlr Hockey Consorlium Limited meets the definItn of a public benefit entity under FRS 102. Assets and liabiif(ies are tntiialty OgnISed at hisloiical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Going concern After making appropriate enquiries, induding taking into account the current covIt>19 crisis. the Trustees have a reasonable expectation that the Company has adequate resources lo continue in operatsonal existence for the foreseeable future. The Trustees are expects'ng a drop in income arid some reduction in expenses for the year 2020-21, however there are adequate levels of free resetves and the Trustees do not expect the current crisis to impact on the Companls going concem position or future developments. For this reason. they contsnue lo adopt the going concem basis in preparing the finanryal statements. 1.3 Company Status The cCnpanY is a company limrted by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Cornpany being wound up, the liability respect of the guarantee is limited lo £1 per member of the Company. 1.4 Income AJI income Is recognised On the Company has entruement lo the income. it is probable that the income w511 be received and the amotjnt of income receNable can be measured reliably. Income tsx reCOverae in relation to donatn$ recewed under Gfi Aid or deeds of covenant is recognised at the time of the donab"on. Income lax iecover8ble in relation to investment incune is recognised at the time the investment income is receivable. The capital contribulions made by Town Close House Educab"onal Trust Limiled represent progr8mme Telaled investment by that tharity and is rellected as deferred income. This SLm is to be converted to a granl by Town Close House Educational Trust Limited over the life of the facilities. 1.5 Expgnditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third paty, rt is probable that a transfer of economic benefit$ will be required in settlement and the amount of the c*)lig8lion can be me8sured lIablY. Expenditure on charitable actiwties is incurred on direefy undertaking the ath'vrties which further the Company's ol¥'eclives, as well as any associated support costs. Page 9
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Accounting policios {contlnuod) 1.5 Expenditure Icontinvedl Govemance costs are those incurred in cOnne"On with administrakn.on of the Company and Complian with constitutional and statutory requirements. 1.6 Interest receivabl? Interest on funds held on deposit is induded when receivable and the amount can be measured reliaY by the Company", this is normalty upon nottfication of the interest paid or payable by the Bank. 1.7 Tangible fixed assots and depreci*ion Tangible fixed assets are inrtialty recognised at cosL After recognition. under the wsl model, tangible fixed assets are measured at cost less accumulated depreaation and any accumulated impairment 105ses. DepTeualion is promded al rates calculated to write off the cost of fixed assets, less their estimated residual value, over their useful expected lives on the fdlowing bases." Hockey tych Plant and machinery - 12 to 60 years 10 years 1.8 Debtors Tratle and other debtOTS are COgniSed at the settlernenl amount after any trade discount offered. PrepayTnenls are valued at the amount prepaid net of any trade discounts due. 1.9 Cash at bank and in hand Cash at bank and in hand includes rash and short4emi highly liquid investsnents with a short maturity of three months or less from the date of acquisition or Lyening of the deposit or similar account. 1.10 Liabilities and provisions Liabilities are recogni5ed when there is an obligation at the balance sheet dale as a result of a past event, rt is proballe that a transfer of economic benefit will be Tequired in setllemenl, and the amount of the settlement can be estimated relbably. 1.11 Flnancial instruments The Company onty has financbal assets and finanaal liabilities of a kind that qualify as basic financial instruments. Basic financial inslrLEmentS are initially recognised at transaction value and subsequently rneasuTed at their settlement value wrth the excepb.on of bank loans which are subsequently measured at amortised cost using the effective interest melhc4J. Page 10
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA company limited by guardnte&) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Accounting poli¢i•s {¢ontlnued) 1.12 Fund accounting General funds are unrestn.cted funds whith are availab lor use at the discretson of the Trustees in furtherance of the general ot4ectives of the Company and which have not been degnated for other purposes. Reslricled fvnds are funds whith are to be used in accordance with specrfic restrictions imposed by donors or which have been raised by the Company for particulaT purposes. The costs of raising and administering such fund5 are charged against the speafic fund. The aim and use of each restricted fvnd is set out in the notes to the financial ststemenls. Income from donatlons Unrestrict¢d fynds 2020 Total funds 2020 Grant 25,000 25,000 unStriCted fvnds 2019 Total funds 2079 Grants 26,564 26,564 Income from charitable activitFes Unrestricted funds 2020 Total funds 2020 Hockey pitch rent Other income 20,468 6,296 20,468 6.296 Total 2020 26,764 26.764 Page 11
THE CENTRAL NORWICH HOCKEY CONSORTIUM UMITED (A company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Income from charitable actlvitles (continued) UnTrslriGted funds 2019 Total funds 2019 Hockey prtch rent Other income 26,280 8,780 26.280 8, 780 Total 2019 35,060 35,060 Investment incom• Unrestrict¢d funds 2020 Total funds 2020 Bank interest reiVed 254 254 Unrestricted funds 2019 Totsl funds 2019 Bank inlere51 income received 253 253 Page 12
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limlted by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Analysis of expendtture by activities Gov¢man¢e costs 2020 Total fund$ 2020 Direct costs 2020 Charitable actimties 35,625 1,128 36,753 Goveman costs 2019 Total lunds 2019 Di costs 2019 Charitable activities 45,974 1,266 47,240 Page 13
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA ¢ompany Ilmlted by guarant•o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Analysis of *xpendltur• by a¢tlviti•s (continued) Analysis of dir•¢t Costs Total funds 2020 IT expenses Piemises expenses Insurance 183 2,266 891 396 Bank tharges Eleclriaty Bad debt expense Hockey pitch depreation Machinery depwiation Repairs & maintenance 4.643 35 24.863 1,999 349 35,625 Independont examinerfs remun•ration 2020 2019 Fees payable to the Companls independent examiner foi the independent examination of the Companys annual accounts 1.000 940 Page 14
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limit by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 Trustees. remuneratlon and •xpenses During the year, no Trustees received any remuneration or olher benefiis (2019- £NIL). During the year ended 31 Juty 2020, no Trustee expenses have been incutred (2019- £NIL). Tangible fixed assots Frnehold property Plant and machlnory Total Cost or valuation At 1 August 2019 638.204 19,992 658,196 At 31 Juty 2020 638.204 19,992 658,198 Dopre¢iation Al 1 Augusl 2019 Charge for the year 197.807 24.863 10.724 1.999 208,331 26,862 Al 31 July 2020 222,470 12,723 235,193 Net book value At 31 Juty 2020 415,734 7.269 423,003 At31 July 2019 440,597 9.268 449,865 Debtors 2020 2019 Due within one year Other debtors Prepayments and accrued income 6,244 474 13,312 584 6.718 13,896 Page 15
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 10. Creditors.. Amounts falllng due wlthin one y¢ar 2020 2019 Trade creditors Aceru815 and deferred income 61)0 26.000 1,994 26.000 26.600 27,994 11. Creditors: Amounts falling due after more than one year 2020 2019 Accruals and deferred inccffie 125,000 150,000 Deferred income al 31 July 2020 of £150.000 12019". £175.0001 consists of the Capital contribution by Town Close House EdUtiOnal Trust Limited towards the construction of the hockey facilities. This sum is lo be converted lo a grant to be recognised as inc¢e of the Charity over the expected useful life of the facilitses. Page 16
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA company limiÈ•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 12. ststom¢nt of funds Statemont of funds- current year Balance at 1 August 2019 Transfers Balance at inlout 31 July 2020 Income Expendlture Unrestrlcted funds General Funds 208,234 52.018 111.890) 120,0001 228.362 Restricted funds Other Restricted Funds- Hockey Facilities England Hockey Board National Hockey Federatn Asset Replenishment Sinking Fund 19,889 27.998 12,234 17.956) (12.1831 {4,724) 11,933 15,815 7,510 140.000 20,000 160,000 200.121 {24,8631 20,000 195,258 Totsl offund5 408.355 52.018 {36.7531 423,620 Re51TiCted fund5 represent capital grants received for the constwction of the hockey facilities. Page17
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 12. stst¢m¢nt of fundB Icontinuod) stst•mont of funds- prfor yèar Balance al l Augusl 2018 TTrnsfe Balance al In/oul 31 July 2019 Income Expenditu Unrnstricted fund$ General Funds 188.734 61,877 (22,377) (20,000) 208,234 Restricted funds Other Restricted Funds- Hod(ey Facilitses England Hockey Board National HoceY Federation Asset Replenishment Sinking Fynd 2T.845 40. 181 16.958 (7,956) (12, 183) {4,724? 19,889 27,998 12,234 120.t3 20,000 140,000 204,984 {24,8631 20,000 200. 121 Total of funds 393.718 61.8T7 (47,240) 408,355 13. Analys18 of net assets between funds Analysis of net assets between fund$ - cutrrnnt period Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Tangible fixed assets Current assets CrediloTs due within one year Creditors due in more than one year 77,745 152,217 11,600) 345,258 423,003 152,217 {26,6001 {125.0001 {25,0001 1125,0001 Total 228,362 195,258 423,620 Page18
THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020 13. Analysis of net assets between ftsnds (continu) Analysis of net assets between funds- prlor rIOd unresth.cted funds 2019 Restricted funds 2019 Total funds 2019 Tangible fixed assets Current assets Creditors due within one year Creditors due in MO than one year 74.744 136,484 12.9941 375,121 449,865 136,484 (27,994) (150,000) 125,0001 1150.0001 Total 208,234 200,121 408.355 14. Related party transactlons S Anthony (Resigned 14 January 20201 & M Graham (Appointed 14 January 20201 are both trustees of Town Close House Educational Trust Limited. The funding received from Town Close House Educational Trust Limited 15 recognised as defe¥red income as this is to be converted to gfanl income over the expected life of the faCile$. A grant of £25.000 12019". £25.0(KJl was confimed by Town Close House Educational Trust Limited in the year. Detsils of these are induded in note 12. Town Close House Educational Trust Limited is a member of the consortium and has been invoiced pitch fees of £6,15012019'. £7,500) during the year. Town Close House Educational Twst Limited has provided stsff and maintenance serwces to the Consortium during the year al a cost of £2,26512019." £2,157). AI the year end £nil was owed to Town Close Hcmjse Educational Trust Limited12019'. £807). Norwich Dragons Hockey Club is a member of the consortium and has been invoiced pitch fees of £11,313 12019- £15,000) during the year. Al the year end £nil {2019'. £3.7941 was outstsnding and included within trade debtors. Page 19