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2025-07-31-accounts

Registered number: 07347775 Charity 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 2025

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 - 9
Notes to the Financial Statements 10 - 20

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025

Trustees

S George (appointed 1 May 2025) P Andrews (resigned 1 May 2025) A Possener (resigned 1 May 2025) J Goodson (appointed 13 August 2024)

Company registered number

07347775

Charity registered number

1143340

Registered office

14 Ipswich Road, Norwich, Norfolk, NR2 2LR

Accountants

Larking Gowen LLP, 1st Floor, Prospect House, Rouen Road, Norwich, NR1 1RE

Page 1

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their annual report together with the financial statements of the Company for the year 1 August 2024 to 31 July 2025. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).

Since the Company qualifies as small under section 382 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.

Objectives and activities

a. Policies and objectives

The Charity's objective is the promotion of community participation in healthy recreation and in particular, but not exclusively, by the provision of facilities for the playing of hockey. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

During the period under review the facility was used by local schools, clubs and other community organisations as part of healthy recreation and sporting activity for public benefit.

Achievements and performance

a. Review of activities

In 2010 the Consortium leased a parcel of land (part of the Hewett School site) from the Central Norwich Foundation Trust and gained planning permission for two hockey pitches. The first pitch was opened in June 2011. In December 2014 the Consortium agreed to sub-let part of the land to the Girls' Day School Trust (GDST) in order for them to build a pitch for the Norwich High School for Girls (NHSG) using the planning permission already in place. Whilst not members of the Consortium, GDST and NHSG agreed to certain conditions as part of the arrangement, the principal conditions being:

The second pitch was completed in June 2015.

Page 2

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Achievements and performance (continued)

In September 2015 The Hewett School became an academy (The Hewett Academy) sponsored by the Inspiration Trust, however, this will not affect the Consortium's lease and a close working relationship remains with The Hewett Academy. Mr P Andrews, former governor of The Hewett School, was asked to remain as a Trustee and Director of the Consortium by his fellow Trustees.

A new membership was signed on 2 October 2023. The agreement continues to reflect that the business of the Consortium is the promotion of community participation in healthy recreation and in particular, but not exclusively, by the provision of facilities for the playing of hockey.

The period under review reflects the twelfth full year of the facility. Income generated was sufficient to cover annual expenses and provide £20,000 towards the sinking fund for replacement of the carpet, the facility continues to be maintained to a first class condition.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Trustees plan on the basis that regular income will be received from the members and primary users of the facility at a level that will cover annual expenses, plus a sinking fund for major works. Income levels are set each year by the Trustees based on expected expenses. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. Reserves policy

As at 31 July 2025, total funds held amounted to £546,027 (2024: £507,427). Included in this amount was £260,000 (2024: £240,000) of restricted funds representing the sinking fund. The bulk of the charity’s assets are therefore represented by its fixed assets together with the cash reserves held as the sinking fund. The charity also retains sufficient free reserves to cover operational expenditure for a minimum period of 12 months.

The sinking fund is budgeted to accumulate over the expected lifetime of the artificial pitch surface. Contributions are made annually based on the estimated replacement cost and the anticipated lifespan of the pitch. The objective is to ensure that sufficient funds are available to replace the pitch when required, without compromising the Club’s ongoing operations or financial sustainability.

The reserves will be reviewed annually by the Committee to confirm that the sinking fund remains on track to meet its purpose and that overall reserves are appropriate for the Charity’s needs.

Structure, governance and management

a. Constitution

The Company was incorporated as a private company limited by guarantee on 17 August 2010. The Company's articles of association were amended on 4 August 2011 and was registered by the Charity Commission on 15 August 2011, with registered charity number 1143340.

Page 3

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

All decision making and responsibility for overseeing day-to-day activities is the responsibility of the Trustees.

d. Policies adopted for the induction and training of Trustees

All Trustees receive copies of the Company's articles and are provided with access to Charity Commission guidance as part of initial induction and continuing training.

Plans for future periods

Future periods will reflect income generated from use of the facilities by local schools, clubs and community groups. In addition, certain free of charge and reduced rate usage will again be arranged for local community groups and England Hockey Single System use as per the Community Use Agreement.

The Consortium intends to continue a relationship with the Inspiration Trust to encourage more use of the facility by the Hewett Academy and other schools within the Trust.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ J Goodson (Trustee) Date: 13/02/2026

Page 5

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025

Independent Examiner's Report to the Trustees of The Central Norwich Hockey Consortium Limited ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 July 2025.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are 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 Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 13 February 2026

Julie Grimmer FCA DChA

Larking Gowen LLP, Chartered Accountants, Norwich

Page 6

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025

Note
Income from:
Donations and legacies
2
Charitable activities
3
Investments
4
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
25,000
37,254
3,940
66,194
27,591
27,591
38,603
(20,000)
18,603
267,427
18,603
286,030		 Restricted
funds
2025
£
-
-
-
-
-
-
-
20,000
20,000
240,000
20,000
260,000		 Total
funds
2025
£
25,000
37,254
3,940
66,194
27,591
27,591
38,603
-
38,603
507,427
38,603
546,030		 Total
funds
2024
£
25,000
37,557
4,563
67,120
32,465
32,465
34,655
-
34,655
472,772
34,655
507,427

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 20 form part of these financial statements.

Page 7

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 07347775

BALANCE SHEET AS AT 31 JULY 2025

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
10
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
11
Total net assets		 15,618
243,125
258,743
(32,905)		 2025
£
320,192
320,192
225,838
546,030
-
546,030		 14,169
218,045
232,214
(32,320)		 2024
£
332,533
332,533
199,894
532,427
(25,000)
507,427

Page 8

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 07347775

BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025

Note
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 2025
£
260,000
286,030
546,030		 2024
£
240,000
267,427
507,427

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ J Goodson (Trustee) Date: 13/02/2026

The notes on pages 10 to 20 form part of these financial statements.

Page 9

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Central Norwich Hockey Consortium Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Trustees plan on the basis that regular income will be received from the members and primary users of the facility at a level that will cover annual expenses, plus a sinking fund for major works. Income levels are set each year by the Trustees based on expected expenses. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

1.3 Company status

The Company is a company limited by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company.

1.4 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

The capital contributions made by Town Close Educational Trust Limited represent a programme related investment by that charity and is reflected as deferred income. This sum is to be converted to a grant by Town Close Educational Trust Limited over the life of the facilities.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Page 10

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. Accounting policies (continued)

1.5 Expenditure (continued)

Governance costs are those incurred in connection with administration of the Company and compliance with constitutional and statutory requirements.

All expenditure is inclusive of irrecoverable VAT.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments 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 cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

1.11 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 11

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. Accounting policies (continued)

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Income from donations

Unrestricted
funds
2025
£
Grants
25,000
Unrestricted
funds
2024
£
Grants
25,000		 Total
funds
2025
£
25,000
Total
funds
2024
£
25,000

3. Income from charitable activities

Unrestricted
funds
2025
£
Hockey pitch rent
27,556
Other income
9,698
37,254		 Total
funds
2025
£
27,556
9,698
37,254

Page 12

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

3. Income from charitable activities (continued)

Hockey pitch rent
Other income		 Unrestricted
funds
2024
£
25,933
11,624
37,557		 Total
funds
2024
£
25,933
11,624
37,557

4. Investment income

Unrestricted
funds
2025
£
Bank interest received
3,940
Unrestricted
funds
2024
£
Bank interest received
4,563		 Total
funds
2025
£
3,940
Total
funds
2024
£
4,563

5. Analysis of expenditure by activities

Activities
undertaken Support Total
directly costs funds
2025 2025 2025
£ £ £
Charitable activities 25,389 2,202 27,591

Page 13

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

5. Analysis of expenditure by activities (continued)

Activities
undertaken Support Total
directly costs funds
2024 2024 2024
£ £ £
Charitable activities 30,725 1,740 32,465

Analysis of direct costs

Premises expenses
Insurance
Bank charges
Electricity
Hockey pitch depreciation
Machinery depreciation
Repairs and maintenance
Premises expenses
Insurance
Bank charges
Electricity
Hockey pitch depreciation
Machinery depreciation
Repairs and maintenance		 Activities
2025
£
3,834
265
314
8,278
11,022
1,319
357
25,389
Activities
2024
£
7,595
1,204
542
7,231
12,319
1,317
517
30,725		 Total
funds
2025
£
3,834
265
314
8,278
11,022
1,319
357
25,389
Total
funds
2024
£
7,595
1,204
542
7,231
12,319
1,317
517
30,725

Page 14

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

6. Independent examiner's remuneration

2025 2024
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 1,884 1,800
Fees payable to the Company's independent examiner in respect of:
All other services not included above 318 -

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 July 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 15

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

8. Tangible fixed assets

Cost or valuation
At 1 August 2024
At 31 July 2025
Depreciation
At 1 August 2024
Charge for the year
At 31 July 2025
Net book value
At 31 July 2025
At 31 July 2024
Debtors
Due within one year
Prepayments and accrued income		 Leasehold
property
£
638,204
638,204
306,990
11,022
318,012
320,192
331,214		 Plant and
machinery
£
19,992
19,992
18,673
1,319
19,992
-
1,319
2025
£
15,618
15,618		 Total
£
658,196
658,196
325,663
12,341
338,004
320,192
332,533
2024
£
14,169
14,169

9. Debtors

Page 16

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

10. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income		 2025
£
4,431
28,474
32,905		 2024
£
4,729
27,591
32,320

11. Creditors: Amounts falling due after more than one year

2025 2024
£ £
Accruals and deferred income - 25,000

Deferred income at 31 July 2025 of £25,000 (2024: £50,000) consists of the capital contribution by Town Close Educational Trust Limited towards the construction of the hockey facilities. This sum is to be converted to a grant to be recognised as income of the Charity over the expected useful life of the facilities.

Page 17

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

12. Statement of funds

Statement of funds - current year

Balance at 1
August 2024
£
Unrestricted funds
General Funds
267,427
Restricted funds
Restricted Funds - all funds
240,000
Total of funds
507,427		 Income
£
66,194
-
66,194		 Expenditure
£
(27,591)
-
(27,591)		 Transfers
in/out
£
Balance at
31 July 2025
£
(20,000)
286,030
20,000
260,000
-
546,030		 Transfers
in/out
£
Balance at
31 July 2025
£
(20,000)
286,030
20,000
260,000
-
546,030
260,000
546,030

The sinking fund represents funds set aside to cover the cost of replacing the hockey pitch when it reaches the end of its useful economic life.

Page 18

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Asset Replenishment Sinking
Fund
Total of funds		 Balance at
1 August
2023
£
252,772
220,000
472,772		 Income
£
67,120
-
67,120		 Expenditure
£
(32,465)
-
(32,465)		 Transfers
in/out
£
(20,000)
20,000
-		 Balance at
31 July 2024
£
267,427
240,000
507,427

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
288,192
Current assets
30,743
Creditors due within one year
(32,905)
Total
286,030		 Restricted
funds
2025
£
32,000
228,000
-
260,000		 Total
funds
2025
£
320,192
258,743
(32,905)
546,030

Page 19

THE CENTRAL NORWICH HOCKEY CONSORTIUM LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

13. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2024
£
300,533
24,214
(32,320)
(25,000)
267,427		 Restricted
funds
2024
£
32,000
208,000
-
-
240,000		 Total
funds
2024
£
332,533
232,214
(32,320)
(25,000)
507,427

14. Related party transactions

The original funding received from Town Close Educational Trust Limited is recognised as deferred income as this is to be converted to grant income over the expected life of the facilities. A grant of £25,000 (2024: £25,000) was confirmed by Town Close Educational Trust Limited in the year. Details of these are included in note 11. A Possener was a Trustee of Town Close Educational Trust Limited until 31/08/24 and of the charity until 01/05/25. S George was appointed as a trustee of Town Close Educational Trust Limited on 13/09/24 and as a trustee of the charity on 01/05/25. Details of these are included in note 11.

Town Close House Educational Trust is a member of the Consortium, and provides pitch maintenance services for the Consortium pitch free of charge. Town Close Educational Trust hires the Consortium pitch from the Consortium and has been invoiced pitch fees of £8,400 (2024: £8,100) during the year. During the year the Consortium paid Town Close House Educational Trust £3,834 (2024: £3,717) to cover the cost of staff time and materials used for the maintenance of the second pitch, which is then reclaimed from the lessee, Norwich High School for Girls. At the year end there was a net creditor of £2,434 owed to Town Close Educational Trust Limited (2024: creditor of £2,367).

Page 20