Charity number: 1154688
Company number: 07428216
Norton Sports Charity
(A company limited by guarantee)
Trustees, report and financial statements
for tb¢ year ended 30 November 2024

Norton Sports Charity
(A company limited by guarantee)
Contents
PAge
L¢gal and administrative inforniation
Trustees, report
Independent examiners, report
Statement of financial activilies
BAlance sheet
Not¢5 ¢0 the financial statements
10-20

Iyorton Sports Charity
(A company limited by gu8rantee)
Legal and administrative information
Charity llumber
1154688
Company registrgtion number 07428216
Business address
74 Statiort Road
Norton
StocktOn￿n.Ttt$
TS20 1 PE
Norton Sport5 Charity
Registered o￿let
74 Station Road
Norton
Stockton Oll Tees
TS20 1 PE
Trustees
W R Pickersgill
P W Frost
D Mccullogh
S Andrcws
C L Frost
A C Johnson
N R Collin5
J Milner
Appointed 9 De¢emb¢r 20?4
Accountants
Chipch&se ManneTS
384 Linthorp¢ Road
Middlesbrough
TS5 6HA
Page I

Norton Sports Charity
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 30 November 2024
The tswstees present their report end ihe financial statements for the year ended 30 November 2024. The trustees. who are
also directors of Norton Sports Charity for the purposes of company law and who served during the year and up 10 the date
of this rq)ort are set out on page l.
Structure? governanee and management
Gt>veiitirtg do¢iimenl
Norton Sports Charity is an incorporated charity, ¢ODS¢ituted under the Companies A¢1 and as such is governed by its
Memorandum and Article5 of Association.
Governing body L7nd orga1715(7fiollal managenienl
The policy and general man2g¢meni of the afyairs of the charity are controlled by the tnjstees, who are also referred to a5
the directors in accordance with Ihe company law.
The trustees are responsible for ensuring that ihe Charity keep% proper accounting records that disclose with reasonable
accuracy. at any time, the financial posititsn of the Tnjst and to enable them to ensure that the financial statements comply
with charity l#w. The trustees are also r¢spon5ible for safetruarding the assets of the Trust and for taking reasonable steps
for lh¢ pr¢v¢ntion and detection of fraud apd other irr¢gularities.
The director5 Ineet on a monthly basis.
Trusiee Iraining
New trustees are inducted into the working environment of the charity, and also of the orgaftisation as a registered charity,
including trustees, policy and procedures.
Risk manageiiie171
The trustees have. from time to time, conducted its own review of the major straiegic, business and operational risks to
which the ¢harity is expos¢d. Tlie trustees confimi that Systems hav¢ been established to nionitor and control ihese risks to
mitigate any impact they may have on the Charity.
Objectives a¢tlVAties
The Irustees can confinn that ihey have referred to the guidance contained in the Charsty Commissiop'5 gener31 guidance on
public benefit when r¢viewinè the charity's aims and obje¢tives.
Aclivilies ofihe churity
The activities of the charity ar¢ the provision of facilities for sporting, reereational and social activities.
Page 2

Norton Sports Charity
(A company limited by guarantee)
Report of the trustees (ineorpor2ting the directors, report)
for the year ended 30 November 2024
Achievements gnd performanee
Choirmajj s repoi'l
Our 2024 year can be characterised as one of a continued high level of delivery of sporting, ￿creatIonal and social facilities
to the whole community and the commencement of a serie5 of fa¢Élity dev¢lopmeni projects. Both of thes¢ have built on
our ￿UCh stronger financial foundations in¢luding through the continued excellent finan¢ial perf0m￿nCe of our Community
Interest Company and a150 through our success in securing grants and loons to finance the projects. The PToje¢ts themselves
were id¢ntified through an independent business planning process which we carried out with our local cornmunity early in
the year.
Our focus remain5 on the eight actÉon areas within our Strategic plan as follows..
Fundamentals
Heal￿1. safety and safeguarding
Inclusivity. equality and diversity
Eff¢¢tive staifing #nd workload management
Sound finances
Increased asset usage
Programmed asset maintenaD¢¢
Fa¢ilsty development projects.
Particularly good progress was made on finances and projecrs. With respect to the latter, a community garden and new
dedicated 8Tchery range were completed in ?0?4 and significant proJess made with preparations for seven further projects
which are planned for wmpletion by November ?025. We have fall¢n sornewhat behind where we had hoped to be on
human resources matters and a$5et Usage metrics which we plan to address in 20?5. Highlighis within the other action areas
irtcluded additional use of our facilities by youn
people wilh disabilities and also improved mainienance and quality of our
playing surfaces for football.
Preliminary footfall daia for ?0?4 indicates that we ¢ontinue to be a major hub for sportin& recreational and social
aciiviiies within the borough of Stockton-on-Tees and the surrounding area. There was some adverse impart on fotstfall
from poor weather early in the year i)ut there were som¢ upsides later in the year.
I would like io thank my fellow Norton Sports Charity directors for their voluntary sUPPOrt to (he charity. and on their
behalf give thanks io all of our staff, the staff of our CIC and all of the other contributors to our contiftued success. There
are far too many deserving people to single out individuals bui the above achievemenis are ultimately solely down to the
p¢ople associated with Norton Sports Charity.
Looking foThvard io our 2025 year. which is the12St year of our current four year strategy. we will aim to wmplete as much
of that strAtegy as possible oiven that as noted abov¢ we are somewhai behind where we would have expected to be in some
of our aciion area5. We will liaye 2 particular emphasis on completirtg facility development projects including ones relating
to our community clubhouse. floodlightints and changing and prdetice fxcilities for cricket. Also, we will prioritise
recruitment and induction of new directors 2nd coniinue the extension of the use of our facilities to all in th¢ I￿al
community includino those explicitly mentioned in our objects. Finally and very irnportanily, we will formulaie oui. next
strategic plan eovtring the five years io and including 2030 whsch will build on the trall5fomiation that has been effected
over the course of the Current strategy.
Page 3

Norton Sports Charity
(A company limited by guarantee)
Report of the trustees {incorporating the directors, report)
for the year ended 30 November 2024
Finantlal review
Reswwes andfiiliii'e plans
Following the annual review. the trustees have set a target level of Re5erve5 of £250.000 in accordance with our
documented policy. The in¢reas¢ of £IOO,O(M) in the target level was required for ihe following reasons:
our costs are incTeasing
the ReseNes effectively cover both the Charity and the CIC and the £250,000 would cover approxirnwely six months
costs
-we will be drawing down on our unrestrict¢d designated fi]nds as we spend Money on facility development through to
November 2025
the cost of any capital related Oppor￿nItIeS 1$ likely to be higher
em¢rgeRcies
given tliat we had £85,616 in General Re5¢rves on 30th November 2024, the target level of £?50,000 better represents
where we are now l.¢. Still w¢ll short of where we would like our reserve5 to be
the r¢serves are for opportunities as well as
As ai 30th Nov¢mber ?024. the actual level of Reserves was £85,610 with the intention being to build these up lo the target
level in the fuiure. Together with elements of our Unrestricted Funds. this will give us sufficient reserves to keep th¢
facilities operational for a six month peri(Id should all fvnding and slreams of income cease. Tiiree months would give time
to seek new fvnding. develop new income streams and lake other rn¢asures to enstsre we corltinue to operdte. If these
measure5 were to prove unsuccessful. there would be time to wind up the Chartty in an orderly fashion.
Norton Sports Charity currenrly lias Unrestricted Funds of £605.973 which includes Designated Funds {£?27,796),
Investment Property including Fair Value Reserve (L?15,000), Reserves (£85.616}. Tangible Fixed Assets 1£30.184),
Working Capital Cash {£25,000) and Other Net Workiftts Capital (£22,377). This repre5¢nts an increase of £63,690 over
the last year primarily as a result of drawdown5 for expenditure on facility development projetts of £7.500 being
considerably less than Additional Desigllated Funds being put away fr*r future expendiiure against defined proje¢ts of
£63,500. All excess funds will be used for facility development and for other purposes aligned with the objects of the
Charity including to ¢nsllre it5, longevity.
We liaye reviewed OUT financial outlook for the next six years and our operational risk5 triieria and considered the future to
be sustainable.
Pag¢4

Norton Sporls Charity
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 30 November 2024
S¢*temenl of trystees, responsibilities
The trustees {who are also direciors of Norton Sports Charity for the pU￿OSe of Company law) are responsibl¢ for preparing
the Truscees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally
Accepred Accounting Practice.
Company law require5 the trustees to prepare financial statements for ¢￿h financial year which give a true and fair view of
the state tsf aff8irs of the eharirable company and of she irtcoming resources and application of resources, including the
income and expenditure. of the ¢haritable company for that period. In preparing these financial statements, the trustees are
required to-
select suitable accounting policies and then apply them consi5tently,'
observe th¢ methods and principles in the Charities SORP;
make judgements and estimates thai are reasonable and prudent.
state whetl?¢r applicable UK Accounting Standards have beeft followed, 5ubj¢¢t to any material departu￿5 disclosed
and explained ID th¢ flnancial statements: and
PTepar¢ the fsnanci21 statements on the going concern basis unless it is inappropriate to presume that the ¢haritable
company will conrinue in operAtion.
The tjustees are responsible for keeping propeT a¢¢ounting records which dis¢lose with reasonable accuracy at any time the
financial posltion of the charitable company and which enable thern to ensure ihat the financial 51at¢menrs comply with the
Companies Act ?006. They ar¢ a150 responsible for safeguardinu the assets of the charitable company and h¢nce for taking
rea50nabl¢ steps for the preveiition and detection of fraud and otlier irregularities.
Small company provisions
Thi5 report has ￿en prepared in accordance with the spe¢ial pmvisions ftir small companies under Part 15 of the
Companies Act 2006.
On behalf of th¢ boaril
N R Collins
Trustee
20 March 2025
Page S

Norton Sports Charity
(A company limited by guarantee)
Independent examiner's report to the trustee5 on the un&udited financial statements of Norton
Sports Charity.
I report on the accounts of Norton Sports Charity for the year ended 30 November 2024 set out on pages 2 to 20.
Respective responsibilities of trustees and independent examiner
The charity's trusiees (who are also the directors of rhe company for pujposes of company law) are responsible for the
preparydtion of the accounts. The trustees consider that an audit is not required for this year undeT Section 144{2) of the
Charities Act 2011 (the 2011 Act), and that an independent examination is needed. It is my responsibility to examine the
accounts under section 145 of the 201 l Act, to follow the procedures laid down in th¢ General Directions given by the
Charity Commission under section 145(5)(b) of the 2011 Act, and to stote whether particular matteT5 have ¢ome to my
attention.
Basts of independent exsmÉner's ststement
My examination was carried out in accordance with the General Directions given by ihe Charity Commission. An
examination ineludes a review of the accounting records kept by the Charity and a comparison of the accounts presented
wilh those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking
explanations from you as trustees eoncerping any suth matters. The procedures undertaken do not provide all the
evidence that would be required in an audit and consequently no opinion is oiven a5 to wliether th¢ a¢counts present a
'true and fair view, and the report Is limsted to those matters set out iii the statement btlow.
Indepen(lent examiner's statement
In conne¢tion with my examination. no matter has come to my attention:
(i) which gives me reasonable cause to believ¢ thar in any material reSp￿t th¢ requirements..
to keep proper accountinu records in accordance with section 386 of the Companies Act 2006- and
to prepare a¢coun15 which accord with the accounting records, cornply with the accounting requirements of
section 396 of the Companie5 Act ?006 and w&th the methods and principles of tlie Statement of
Recomtnended Practice.. Accouniing and Reporting by Charities
have not been met,. or
{iil io which. in my opinion. attentlOD should be drawn in order to enable a prop¢r understanding of the accounts to be
reached.
C S Gorman
FCA. FCCA
Independent examlner
384 Linthorpe Road
Mlddlesbrough
Cleveland
TS5 6HA
20 M8rch 2025
Page 6

Norton Sports Charity
(A company limited by guarantee)
Statement of finan¢i812etivities (ineorporating the income and expenditure a¢¢ount)
For the year ended 30 November 2024
Unrestricted Restrict¢d
funds
funds
2024
Tot21
2023
Total
Notes
Ineomlng resources
Incoming resources from generating funds..
Voluntary incom¢
Activities for generdtino funds
250,914
125,4?3
49,934
300,848
125,423
377,314
89,910
Total incoming resources
376,337
49.934
420,271
467.224
Resources expended
Charitable activities
Governance costs
211.052
81,594
3,443
84,070
214,495
165,664
234,209
144,956
Total resources expended
?9?.646
87,513
J80.159
379,165
Net in¢omingl{outgoiTrg) resources
before transfers
83,691
(37,579)
46,11?
88,059
Transfer between fund5
(20.001)
Net incomcl(expenditure) for the year
63.690
(17,5781
88,059
Other reeognised gains and losses
Gains oil revaluation
of investment assets
13
65,000
Net movement in funds
63,690
(17.578)
46,112
153,059
Total funds brought forward
542,283
1.501.823 2,044,106
1,891.047
Totsl funds earned forward
605.973
1,484,245 2.090.218
2,044, 106
The note$ on pages IQ to 20 form iRtegral part of these financial statements.
Page 7

Norton Sports Charity
(A colnpany limited by guarantee)
Balance sheet
as at 30 November 2024
2024
2023
Notes
Fixed asstts
Tangibl¢ 8SS¢t5
Inv¢stm¢nts
12
13
1.551,928
215,001
1,602,874
215,001
1,766,929
1,817,875
Current assets
D¢btors
Cash at bank and in hand
14
41,335
39.637
276,163
386,639
315.800
Credltors: amounts falllDg
due within orte yeAr
(59,184}
(50,354)
Net eurrent assets
J?7.455
265.446
Total assets less ¢urr¢nt
2,094,384
2,083,321
Creditors: amounts fallKng due
after more than one year
16
(4,166)
(39,?15)
Ne¢ assets
2.090.25 8
2,044,106
Funds
Restricted income funds
1,484,?45
1,501,823
Unre5triclEd income funds..
Unre5trieted income funds
Fair value reserve
444,390
161,583
380,700
161,583
Total unrestricted income funds
19
605,973
54? ?83
Total funds
2,090218
2,044.106
The Balance Sheet ¢ontinues on the following page.
The notes on pages 10 to 20 form an Integral part of these financial st8te￿tnts.
Page 8

Norton Sports Charity
(A ¢ompany limited by guarantee)
Balance sheet (continued)
T￿Stee5 Statements required by the Companies Att 2006
for the year ended 30 November 2024
For rhe year ending 30 November 20?4 the company was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating 10 small companie5.
Directors, respon5Lbilities'.
The m¢JMbers have not required the company to obtain arj audit of its financial statements for the year in question in
accordance with section 476-
Th¢ director5 acknowledge their responsibilitie5 for complying with the requirements of rhe Act with respecl to
accounting records and the prepardtion of financial statements.
These finan¢ial statements have been prepared in accordanc¢ with the provisions applicable to companies subject to the
$I￿alL companies, regime.
The financial starements were approyed by the board and authorised for issue on 20 March 2025 and signed on its behalf
by
N R Collins
Trvstee
P W Frost
Trnstee
The nol¢s on pages 10 to 20 form an integral part ofthese finan¢i&l Statements.
Page9

Norton Sports Charity
(A eompally limited by guarantee)
Notes to financial statements
for the year ended 30 November 2024
General Infom#lion
The company is a private company limited by guar0nte¢, registered in England arkd Wale5 and a registered charity
in Eng12nd and Wales. The address of th¢ registered office is 74 Station Road, Norton, Stockton-on-Tees. TS20
IPE
Statement of compli¥n¢e
These finart¢ial statements have been prepared in compliance with FRS 102, 'The Financial Reporting St8ndard
applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practi¢¢ applicable to charities
preparing their accounts in accordance with the Financial Reporting Starmlard applicable in the UK and Republic
of Ireland (FRS 102) Icharities SORP (FRS 102)) and the Charities Act 2011.
Accounting policles
The principal ac¢ountiftg policies are summari5ed below. The accounting policies have been applied ¢on5É5tently
throuohout (he year and the preceding y¢8r.
Basis of accounting
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain
financial assets and liabilities and investment properties me&gured at fair value thrOu￿Th income or expenditure.
The financial statements are p￿pared in sterling. which is the fiinciional currency of the entity.
Disclosure txemptions
The entity satisfjes Ilie criteria of being a qualifyitt8 entity as defined in FRS 102. As such, advantage ha$ bee
iaken of tlie following distlosure exemptions available under paragraph 1.12 of FRS 10? Disclosures in respect
of financial instruments have not been pi'esented.
3.3. Judgements and key sources of estimation uncertainty
The preparation of rl)e financial statements r¢quires management to make judgements. estimat¢5 and assumptions
that affect the amounts reported. These ¢stimates and judgem¢nts ar¢ continually reviewed and are based on
experience and other factors.
3.4. Fund accounting
Unrestri¢¢ed fund5 are available for use at the di5¢retion of the trustee5 to fvrther any of the charity'5 purposes.
Designated funds are unrestricted fund5 earmarked by the truste¢s for particular future proje¢t or eomrnitment.
Resiricted fund5 are subjected io restrictions on their expenditure declared by the donor or through the terms of an
appeal. and fall into one of two Su￿¢14$$¢$.. restricted income fund5 or endowment funds.
Page 10

Norton Sports Charity
(A company limited by guarantee)
Note5 to finaneial statements
for the ye¥dr ended 30 November 2024
3.5. Incoming resounes
All incoming resources are included in th¢ statement of financial activit1¢5 when elltltlement has passed to th¢
chartty: it is probable thai the economic benefits a550ciated with the iransaction will flow to the charity and the
amount can be ¥¢liably measured. The following specific policies are applied to particular categories of income-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is
probable and its amount can be measured reliably.
legacy inwm¢ is recognised when receipt is probable and entitlement is eslablished.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure
reliably. in which case the value is derived from the Cost to the dortor or the estimated resale value. Donated
facilities and 5¢TVi¢¢S are recO￿lSed in the accounts when received if the value cai) be reliably measured. No
amounts are included for the contribution of general volunteers.
income from contfd¢t5 for the supply of services is recognised with the delivery of the colltracted service. This
is cl&ssified as unrestricted ￿ndS unles5 there is a contractual requkTernent for it to be 5pen¢ on a ￿niCUlar
purpose and returned if unspent, in which case it tnay be regarded as resiricted.
Grants, includillg grants for the purchase of fixed ossets. are recognised in full in the siateiiient of finaDcial
activities in the y¢ar in whieh they are receivable.
3.6. Resource5 expended
Expenditure is recowii5ed on an accTuals basis as a liability is ineurred. Expenditure in¢ludes any VAT which
Cannot be fully retovered, and 15 classified vnd¢r headings of ihe statemeni of financial activitie5 to which it
r¢laies'.
expenditure tsn rdising fitnds includes the ¢ost$ of 811 fundrdising activities. events. non-charitable trading
activities. and the sale of donated tsoods.
expenditure on charitable activities includes all ¢osts ineurred by a charity in undertaking actiYitie5 that fiJrther
its charilable aims for the benefit of its beneficiaries. including those support Costs and costs relaiing io the
governance ofthe charity apportioned to Charitable activities.
other expenditure includes all expenditure that is neither rel*ed to raising funds for the ch&rÉty nor pan of its
expendiTure on charitable activities.
All ¢osts are allocated to expenditure ¢ategories reflecting th¢ use of the resource. Direct cost5 attributable io a
single activity are allocated directly to that activity. Shared ¢05ts are apportiofted betwe¢n th¢ activities they
coniribute to on a reasonabl¢. justifiable and consistent bESiS.
Pagell

Norton Sports Charity
(A company limited by guarantee)
Notes to finan¢ial statements
for the year ended 30 November 2024
3.7. Tanglbk fixed assets and depreciatio
Tangible fixed a5set5 are stat¢d at cost less accumulated depreciation. Depreciation is provided at rnte5 ¢8lculaEd
io write off the cosi or valuation less residual valu¢ of each asset over its exP￿ted uscfijl life, as follows..
Land and buildings
Plant and ma¢hin¢ry
3.$0/• Straight lin¢
IOV/o straight line
3.8. Investments
ITlV¢Stments held as fixed assets are revalued at their fair value ai the balance sheet date and th¢ gain or loss taken
to the stoiemeni of financial activitie5.
3.9. Defilled contribution pension schemes
The pension cosis charged in the financial Statements r¢present the contribution payable by the charity during th¢
year.
Voluntary ineome
Unrestricted Restricted
funds
funds
2024
To¢al
2023
Total
Generdl donations
Gifi Aid
Gift Aid donation
Grants
Spon England Clubhoy5e Grant Int¢resi
Levies
Norton'Pockets ofNature' Partnersliip
20,074
1,8?0
156.616
3,75
31,000
3.750
51,074
5,570
156,616
15,073
3,861
68,654
40.987
188,581
1,000
4.886
57,018
11.323
3.861
68,654
?50.914
49,934
300.848
377,314
Activities for generating funds
Unre5tri¢ted
rund5
2024
Totsl
2023
Total
Flkndraising income
Field income
Investment property income
Renial iiicome CIC
Bank iDter¢5t rec¢ivable
Car park income
6,479
56,538
7,081
32.000
2,335
20,990
6,479
56,538
7.081
32.000
2.335
?0.990
1,6?8
48,888
6,670
3?,000
724
125,423
1 ?5.4?3
89,910
P8Ee 12

Norton Sports Charity
(A company limited by guarantee)
Notes to financial statements
for the year ended 30 November 2024
Costs of charitsble activitie$
Unrestrieted Restricted
funds
funds
2024
Total
2023
Total
Wages & salaries
Grounds & upkeep
Coaching & other expenditure
Professional fees
GTant5
Staff trdining
164.391
41,207
5,074
1,400
500
1,400
165.791
41,707
6,474
129,646
43,6?8
2.644
56,551
1,740
380
143
5?3
211,05?
3,443
?14,495
234,209
Governanee costs
Unre$tricted Restricted
funds
funds
2024
Total
2023
Total
Rates & water
Lighi & heal
Investment propety expenses
Insurance
Office expenses
Disallowed VAT
Actountancy fees
Professional fees
Bank charges
Interest- Sport England
Depreciation & impairnieTht
Profi￿10s$ on disposal
9.151
30,335
1,775
14,976
?,982
9,151
30,335
1.775
14.976
2,98?
9.319
16,449
2,208
1?,91 j
3.513
15,1(10
3.363
795
3,676
2,607
214
3,676
8.663
214
3,861
78,850
6.056
3,861
74,153
4,886
77.300
1950}
4,697
81,594
84,070
165,664
144.956
Net incoming resou￿e5 for tht year
2024
2023
N¢t incoming resources is stated after charging-
Depreciation and other amounts written off tangible fixed assets
78.850
77,300
Pagt 13

Norton Sports Charity
(A company IiDJited by guarantee)
Notes to financial statements
for th¢ year ended 30 November 2024
Employees
Employment costs
2024
2023
Wages and salaries
Social security cost5
Pension costs
157.564
5,470
2.757
125.435
2.126
2,085
165,791
129.646
No employee received emoluments of more than £60.000.
Number of employees
The average monthly numbers of employees (in¢luding rl)e trustees) duTing the y¢ar, calculated on the ba515 of
full lime equivalents. wa5 as follow5:
2024
Number
2023
Number
Direct charitable expenditure
Management and adininislration
io.
Pension costs
Th¢ company op¢rates a defined contribution pension scheme in respe¢t of the employees. The scheme and its
assets are held by independent mana(Tets. The p¢n5ion ¢httrge represents contributions due from rhe coinpany and
was as follows..
2024
2023
Pension charge
2,757
2.085
Taxation
The chprity's activitie5 fall within the exemptions afforded by the provisions of th¢ Income and Corporation
Tax￿ Aci 1988. Accordingly. there is no taxation charge in the5¢ aocollnis.
Page 14

Norton Sports Charity
(A Company limited by guarantee)
Notes to financial statements
for the year ended 30 November 2024
Land and
buildings Plant and
freehold m4£hinery
12.
T*llgibk r￿ed assets
Total
Cost
At l Decemb¢r 2023
Addition5
?.099,580
19,075
38,146 2,137,726
8.829
27,904
At 30 November 2024
2,118,655
46,975 2,165.630
Depre¢iatio
At l December ?0?3
Cliarge for the year
522.758
74.153
12,094
4,697
534,852
78,850
AI 30 November 2024
S96,911
16,791
Net book values
At 30 November 2024
1,5?1,744
30.184 1.551,928
At 30 November 2023
1,576.822
26,052 1,60?,874
Subsidiary
undert8kings Investment
shares propertic$
13.
Fixed asset investmenls
Total
ValuatioD
At l December ?O?i and
At 30 Noveinber 20?4
215,000
215,001
Historical cost as at 30 Novetnb¢r 2024
53,417
53,418
All fixed asset investrnents are l)eld at fair value within the United Kingdom.
The investment propety w8s professionally revalued ai £215,1)00 on 22 August 2023 by Thomas Stevenson LLP,
Chartered Surveyors.
Page IS

Norton Sports Charity
(A company limited by guarantee)
Notes to financiY41 statements
for the year ended 30 November 2024
13.1. Holdings of 2011/0 or more
The eompany hold5 200/0 or more of the share capital of the following companies..
Country of
rtgistratlon
or incorporation
Proportio
Shares held of share5
class
held
Nature of
bu$ines8
Subsidlary undertAking
Norton Sport5 and
Leisure Promotions CIC
United Kingdom Community Interest Company Ordinary
The aggregate amount of Capital and reserve5 and the results of ihese undertakings for the last
relevant financial year were as follows..
Capital 8nd reserve5
Profit for the year
Norton Sw)Tts and
Leisure Promotions CIC
4,757
14.
Debtors
2024
2023
Trade debtors
Ainount5 due from subsidiary and asstsciated undertakings
Other debtors
12.238
13.196
li,901
11,435
9.068
19,134
41.335
39.637
15.
Creditors: amounts falling due
within on* yeAr
2024
2023
Other loans
Other taxes and social security
Other ueditors
Ac¢ruals #nd deferred income
33,334
2.936
546
22,368
37,500
?,037
413
10,404
59.184
50.354
Pag¢ 16

Norton Sports Charity
(A company limited by guarantee)
Notes to financial statements
for the year ended 30 November 2024
16.
Creditors: amounts falling due
4fter more than ont year
2024
2023
Other loan
4,166
39,215
On JO September 2020, a loan of £IOO,000 was advanced from Sporting Capital Limited. The loan Ca￿led a
twelve moath ¢apital repa￿nent holiday, to be followed by 48 equal capital repaym¢nt5. The lender and borrower
agreed that the inierest charges of £25,217, logetlier with the arrangement fee Of £2,000 will be Tepaid by ihe
borrower via a non-refundable grant prepayment tliat was forwarded to the charity by Sport England. This
inierest grant will be released over the duraiion of the loan term agreement.
On 29 J&nuary 20? l an unsecured loan of £50,000 was advanced from the Co-op Foundation. Under the tem15 of
the loan. rhe full amount must b¢ repaid in full within five years of the ann%versary of the initial drawdown, with
illitial twelve month capital Tepayment holiday being in place. No interest will be charged on the loan.
17.
Analysis of net thssets between funds
Unrestricted Restricted
rund$
funds
Total
rund balances at JO November 2024 lls represented by..
Tangible fixed assets
Investment assets
Current assets
Current liabilities
Lonts_temi liabilitie5
30,184
?15,001
380,707
(19,919)
1,521.744
1,551,9?8
?15,001
386,639
(59,184)
14,166)
{39.765}
(4.166)
605.973
1,484,245
2,090,218
Page 17

Norton Sports Charity
(A company limited by guarantee)
Notes to finaneial statements
for the year ended 30 November 2024
18.
Restricled funds
At
l December
2023
At
Incoming Outgorftg
resource5
resources Tr4nsfer$
30 November
2024
Restricted Fund
Clubhouse Refurbishrneni
AGP Ho¢key Pitch
National Lottery Community Fund Grant
Sport England I Sporting Capital Clubhouse
Forest Shelter
Thrive
Reach Fund
Caialysi - Rl
Sported
Catalyst- Training
807.650
195.331
18J,100
66,758
146,808
102,176
16.(x)O
6,250
{43,226)
(8,858)
(8,032)
(?,625)
{11.457}
(i.816)
I,o?o
8,305
781,444
201,028
175,068
64,133
164,21?
16,361
12.500
1,020
8,160
1,000
1.000
143
(7.i56)
(1.000)
(1.000)
(143)
{804)
1,501,823
49,934
187.513)
20,001
1,484,245
Purposes of restricted funds
Tlie Restricted fund along with the Clubhouse Refurbishment Fund represeTrts tlie net book value of certain
tangible fixed assets, with the other net book values of the remaining assets being reprtsenied by Ihe individual
funds as detailed below. Each year tlie movement in the fund represents ihe movement in ihe net b(K)k value of
tangible fixed assers.
The AGP Hockey Pitcli Fund represents funding received specifically for the developmenl ofaii AGP pitcli witli
additional fijnding being provided by me£ns of a bank loan, in accordance with the objectives of the charity.
The restri¢ied fund represenis the net book value of the tangible fixed assets. Each yeaT the Inovement in the
fund repiesenis the movement in the net book value of tsngible fixed assets.
Each of the fund5 received from the National Lottery Community Fund Grant Sport England I Sporiing
Capital Clubhouse Fund represeiit fijnding received specifically for the clubhouse development with additional
funding being pmvided by means of a bank loan. other loan5 and donatioras, in accordance with the objectives of
the cliarity. Each year tlie movement in the fvnds repr¢5¢nts the movements in the net book value of the
clubhouse redevelopment and tlie associated loan interest charges.
The Forest Shelter Fund represents match funding r￿e1ved fro[￿ Sport England and tlie associaied funding
received from a Crowdfvnding Campaign. plys a gift in kind grant payment made by Impetus direcily io Ihe
coinpany Constructing the forest shelter. The restricted fund represents the net bi)ok value of the tangible fixed
assets. Each year the movement in the fijnd repr¢sents the movement in the net book value of the Forest Shelter.
Th¢ Thrive Fund is derived from a £150,000 blended finance award accepted by Norton Sport5 Charity in
Octobei. ?0?4 to fund a number of capiial f2cility development projects on our site througji 2024 and 2025. The
blended finance comprises a £37,500 grnnt and £114.750 loan (including arrnngemenl fee) Ihrtsugh Thrive
Together (SIB) LiTllited. Th¢ award will be drawn down in January 2025.
Page 18

Norton Sports Charity
(A company limited by guarantee)
Notes to financial statements
for the year ended 30 November 2024
Purposes of restrieted funds (continued)
The Reach Fund is derived from an award of £8.160 made to Norton Sports Charity through Social Investment
Business Limited to support Norton Sports Charity in becoming investment ready.
The Catalyst Rl Fund is derived from an award of £ 1.000 received from the Catalyst Reducing Inequalities Fund
to purchase children's bowls sets and for spe£ial educational needs squash sessions.
The Sported Fund is derived from 2 £1,000 award received fr￿n the Barclays Community Football Fund as
administered by Sported for provision of disability fth)tball.
The Catalyst Training fund is derived from a £500 award received from Catalyst for groundsiatTtraining.
19.
Unrestricted funds
At
l De¢
2023
At
Incoming Outgoing
resources
resour¢es
30 Nov
2024
Transfers
General Reserves
Reserves
Siation House- fair valu¢ r¢5erve
Station House
Working capital
AGP
Clubhouse
Cricket neis {ouidoor)
Cricket school
Floodlibihts
Football JG
Football pavillion
Infrastru¢tu
Machines
Squasli courts
Tennis court5
Bowling
Projects 20?4D025
85,616
1?89.613> (168,664)
85.616
52,561
161,583
Si,417
135.709
161,583
53.417
25,000
106.Oi8
10.008
10.ooo
3,005
5,000
6,51
5,004
5,506
2,502
3,000
i 0.000
375,1?9
767
l J4,592
15,008
5,(K)O
1.000
1.000
2,500
2,500
2,500
2,000
3,000
4,005
6.071
9,011
7,504
8,006
4,50?
3.000
33
(3,Oi3)
2,000
13,760
2.000
13,871
542,283
376,337
(292,646) {20.001)
605,973
Purpose5 of unrestritted funds
The unrestricted fund represenis those fund5 wl)ich the trustees aTe free to use in accordance with the charitable
objectives. It includes G¢neral reserves held in accordance with the Reserves Poli¢y of the Charity and a number
of Designated funds which are monies eamiarked for major maintenance, refurbishment or development of
particular facilities at spe¢ifi¢ (imes in ihe future.
P$g¢ 19

Norton Sports Charity
(A company limited by guarantee)
Notes to financial statements
for the year ended 30 November 2024
20.
Company limited by guarantee
Norton Sports Charity is a company limit¢d by 8uardlltee and accordingly does not have a share capital.
Pgge 20