COMPANY REGISTRATION NUMBER: 07428216 CHARITY REGISTRATION NUM8ER: 1154688 Norton Sports Charity Company Limited by Guarantee Consolidated Financial Statements 30 November 2025 CHIPCHASE MANNERS Chartered accountants & statutory auditor 384 Linthorpe Road Middlesbrough United Kingdom TS5 6HA
Norton Sports Charity Company Limited by Guarantee Consolidated Financial Statements Year ended 30 November 2025 Page Trustees, annual report {incorporating the director's report) Independent auditor's report to the members Consolidated statement of financial activities 12 Consolidated statement of financial position 13 Charity statement of financial position 14 Statement of cash flows 15 Notes to the consolidated financial statements 16
Norton Sports Charity Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 November 2025 The trustees, who are also thg directors for the purposes of company law, present their report and the Consolidated financial statemen15 of the charity lor the year ended 30 November 2025. Refgrence and admin5stratlve detalls Registered charity name Norton Sports Charity Charity re9lstration number 1154688 Company re9iStratlon number 07428216 Principal offlce and registered 74 Slalion Road office Norton Stockton or* Tees TS20 1PE The trustees O Mccullogh J Milner S Andrews A C Johnson C L Frost J A Hartley N R Collins P W Frost W R Pickersgill {Appoinled 1 April 20251 Auditor Chipchase Manners Chartered accountants & slalutory auditor 384 Linlhorpe Road Middlesbrough United Kingdom TS5 6HA
Norton Sports Charity Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Reportl (Contlnued) Year ended 30 November 2025 Structuret governance and management Governing document Norton Sports Charity is an incorporated charity, conslituled under the Companies A¢1 and as such is govemed by ils Memorandum and Articles of Association. Governing bocly and organisalional management The policy and general management of the affairs of the charity afe controlled by the trustees, who are also referred to as the directors in accordance with the company law. The trustees are responsible for ensuring that the Charity keeps proper accounting records that disclose with reasonable 8ecura¢y, al any lime, the financial position of the Trust and to enable them lo ensure that the financial slalemenls comply with charity law. The Iruslees are also responsible for safeguarding the assets of the Trust and for taking reasonable steps for the prevention arsd detection of fraud and other irregularities. The directors meet on a monthly basis. Trustee training New trustee5 are inducted into the working environment of the charity, and also of the organisalion as a registered charity, including trustees. policy and procedures. Risk management The trustees have. from time to time, conducted ils own review of the major slralegic. busine55 and operational risks to which the charity is exposed. The Iruslees confirm that systems have been established lo monitor and Control these risk5 to mitigate any impacl they may have on the charity. Objectives and actlvltles The Iruslees can confifm that they have referred lo the guidance contained in the Charity Commisslon's general guidance on public benefit when reviewing the charity's aims and objectives. Activities of the charity The activities of the charity are the provision of facilities for sporting. recreational and social 8clivities. strategic report The following sections for achievements and performance and financial review form the strategic report of the charity.
Norton Sports Charity Company Limited by Guarantee Trustses, Annual Report (Incorporating the Director's Report) (c¢11u&lJ Year ended 30 November 2025 Achievements and performance We report for the combined Norton Sports Charity and Norton Sports and Leisure Promotions CIC Group of companies for the first lime as we have exceeded the combined turnover which puls us into audit regime rather than independent ex2minalion. For the Charity itself, our 2025 year was a stellar one in terms of ¢ompletion of facilty development projects with this aligning very well with our charitable object of provision of sporting, recreational and social facilities. We continued our high level of delivery of these facilities lo the whole community. made significant progress on environmental Sustainabrity and pul in place a new strategy Ihmugh lo 2030 I'stralegy 30,1. As part of improving our internal financial controls including opposite more stringent audit requirements, we also implemented a new accounting system to be operational from our 2026 financial year. The conclusion of our 2022 2025 strategy saw particularly good financia5 performance over the four-yeaf period including through the excellent financial contribution ol our Community Interest Company and also through our success in securing donation5, grants and loans to finance facility developfflenl projects. The planned improvements with respect lo human resources matters and usage metrics as reforred lo in the 2024 Tfustee's Report were not achieved and learnings will be taken from this into Strategy 30. In more detail, fantastic progress was made on facility development projects which had previously been identified through an Independent business planning process carried out with our local community. A lotsl of eight proiecls were completed including ones relabng lo the following.. Improved thermal and acoustic insulation and a hearing loop for our commtjnity clubhouse LED floodlighting, fencing and changing facilities primarily for football refurbished changing and indoor and outdoor practice facilities for cricket On environment sustainability, significant progress was made with respect lo our carbon foolpTinl and we installed the worSd's first indoor ¢rickel'Cocolurf plaslic-free playing surface. Less progress was made than planned on the strategy areas of Effective staffin90rk1Oad Management and on Asset Usage Metrics from which learnings are being taken and addressed in Slrale9y 30. Preliminary footfall data for 2025 indicates that we continue lo be a major hub for sporting, recreatronal and social activities within the borough of Slocklon-on-Tees and the surrounding area. Thanks are due lo the Norton Sports Charlty Iruslees for their voluntary support to the charity. and on their behalf heartfelt thanks go lo all our staff, the staff of our CIC and all the other contributors lo our onlinued success. It Was particularly pleasing to note the appointment of fv40 new Trustees in the year which also reduced the age profile of our Board. For the CIC. full narrative is included in the accounts filed separately but the 2025 finan¢ial year ended on 30 November 2025 with continued growth towards our goals and a good financial position especially considering the current socioleconomic climate. This was our final year of the Strategy 25 documented plan, and we have seen completion of over 80Yo of the key developments and aelions.
Norton Sports Charity Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Directorfs Report) (conllnuedj Year ended 30 November 2025 Flnancial r¢vi8w Reserves and Future Plans Following the annual review, the Iruslees have retained a target level of Reserves of £250.000 in accordance with our documented policy. As at 30th November 2025. the actual level of General Reserves was £49,670 representing a reduction of £35.946 over the financial year- thi5 reduction was required lo achieve the planned year-end position including as part of a financial restructuring. The intention remains lo build these up to the target level in the futu. Together with other elements of our Unrestricted Funds. this would give us sufficient reserves lo keep the facilities operational for a six-month period should all funding and streams of income cease. Three months would give lime lo seek new ftjnding, develop new income streams and take other measures lo ensure we continue lo operate. If these measures were lo prove unsuccessful, there would be lime to wind up the Charity in an orderfy fashion. In practice. il is Lsnlikely that streams of income would suddenly cease. They are more likety ID run down more gradually. The optimum financial cover is consequently more likely lo support the Charity for a much longer period durin9 which steps can be taken to increase funds. Norton Sports Charity Gurrenlly has consolidated Llnrestn'¢ted Funds of £572,204 which includes General Reserves (£49,670), Working Capital Cash 1£40,000}, Surplus of Reserves 1£23,1111, Investment Property including Fair Value Reserve1£215,0001, Designated Funds (£336,178) less 8 Thrive loan reserve of £100,127, and £8,372 in relation lo the subsidiary. Overall, this represents a decrease of £38,524 over the last year which has arisen for a complexity of reasons. All excess funds will be used for facility development and for other purposes aligned with the objects of the Charity including to ensure its, longevity. Looking forward to OLsr 2026 year, which is the first year of our new five-year strategy, we will be building around five pillars being Warm Welcome, Elevate Your Experien, Pathway lo EfficienGy, Empowered for Impact and Engage lo Thrive which are underpinned by Environmental Sustainability and Sound Finances. This follows an extremely thorough process lead by our external lacililator Jean Crisp whose work has been acknowledged through the award lo Jean of the Lonsdale Trophy for her outstanding conlribulion. A large number of potential inilialives have been identified. and these will be prioritised through 2026 together with implementation of a revised governance structure and continuation of our work on facility development proiecls. For the CIC, work commenced on CIC Strategy 30 documenting our strategic plan for the next five years. We continue to be committed lo sustain and build on the very successful operations of the Community clubhouse {Moline Cross) and to broadening our offering lo the local community. There has been 8 need for new Directors, and il is really pleasing that we were able to welcome to lake up the challenge and join the Board. Along with the existing Directors the Board wtll drive to oplimise our financial contribution, deliver the Strategy 30 plan objectives and actions lo enssjre the sucsS of the company and the sustsinability of Norton Sports Charity over many more years. Across Norton Sports Charity and Norton Sports and Leisure Promotions CIC we have reviewed our financial outlook for the next five years inclu(Jing a financial improvement plan and our operational risks criteria and consider the future lo be sustsiriable. Tiustees. responslbllltles $tatement The trustees, who are also directors for the purposes of company law, are responsible for preparin9 the trustees. report ané the Consolidated financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prath'cel.
Norton Sports Charity Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 30 November 2025 Company law requires the charity Iruslees to prepare Consolidated financial statements for each year which give a true and fair view of the slate of affairs of the charitable company and the incoming resources and application of resources. including the in¢ome and expenditure, for that period. In preparing these Consolidated financial stalemenls, the Iruslees are required lo= select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the applicable Charities SORP-, make judgments and accounting estimates that a reasonable and prudent,. stale whether applicable UK Accounting Standards have been followed. sijbjecl to any material departures disclosed and explained in the Consolidated financial statements,. prepare the Consolidated financial statements on the goin9 concern basis unless il is inappropriate to presume that the charity will continue in busine55. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Con501idaled financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who 1$ a trustee al the dale of approval of this report confirms Ihal.. so far as they are aware, there is no relevant audit infomalion of which the charity's auditor is unaware". and they have taken a51 steps that they ought lo have taken as a trustee to make themselves aware of any relovant audit information and lo establish that the charity's auditor is aware of that information. Chipchase Manners were appointed auditors lo the company and are deemed to be appointed in accordance with Section 487121 of the Companies A¢1 2006 The ITuslees' annual report and the strategic report were approved on 27 March 2028 and signed on behalf of the board of trustees by.. D Mccullogh Trustee
Norton Sports Charity Company Limited by Guarantee Independent Auditor's Report to the Members of Norton Sports Charity Year ended 30 November 2025 Oplnlon We have audited the Consolidated financial statements of Norton Sports Charity Ilhe 'charily'l for the year ended 30 November 2025 which comprise the consolidated statement of finan¢i81 aclivilies, consolidated statement of financial position, stslement of ¢ash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Finaneial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the Consolidated financial slalemenls.. give a true and fair view of the slate of the charity's affairs as at 30 November 2025 and of ils incoming resources and application of resources. including ils income and expenditure, for the year then ended", have been properly prepared in accordance with United Kingdom Generally Accepted A¢ntIng Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}} and applicable law. Our responsibilitses under those Standards are further described in the auditorfs responsibilities for the audit of the consolidated linanoial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the Consolidated financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have ftjlfilled our other ethical responsibilities in accordance wilh these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In atjdiling the Consolidated financial stalemenls, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of the Consolidated financial statements is appropfiale. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as s going concern for a period of at least twelve months from when the Consolidated financial statements are aulhorised loi issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Emphasis of mattor The prior year figures were not audited dL*e to the use o18vailable audit exemption.
Norton Sports Charity Company Limited by Guarantee Independent Auditor's Report to the Members of Norton Sports Charity fcortllnued) Year ended 30 November 2025 Other inforniation The other information comprises the information included in the annual report, other than the Consolidated financial statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the Consolidated financial statements does not cover the other information and, except lo the exlenl otFierwise explicitty slated in our report, we do not expfess any form of assurance conclusion thereon. In connection with OL*r audit of the Consolidated financial statements, our responsibility is lo read the other information and, in doing so, eonsider whether the other information is materially inconsistent with the Consolidated financial statements or our knowledge obtained in the audit or otherwise appears lo be malefially misstated. If we identify such material inconsistencies or apparent material misstalemenls. we are required lo determine whether there is a material misstatement in the Consolidated financial statements or a material misstalernenl of the other information. If, based on the work we have performed. we conclude that there is a material misstslement of this other infomialion, we are reqUId to report that fact. We have nothing lo report ifi this regard. Opinlons on other matters proscribed by the Companies A¢t 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Iruslees, report for the financial year for which the Consolidated rinancial statements are prepared is consistent with the Consolidated financial statements.. and the trustees. report has been prepaied in accordance with applicable legal requirements. Matters on whlch we are requirod to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misslalemenls in the trustees, report. We have nothing lo report in respect of the following mallers in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been feceived from branches not visited by us.. or the ConsolKlated financial statements are not in agreement with the a¢¢ounling records and returns., or certain d1sclosltts of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we qUIre for our audit.
Norton Sports Charity Company Limited by Guarantee Independent Auditor's Report to the Members of Norton Sports Charity (confin¢wdJ Year ended 30 November 2025 Responslbllltles of tru$t8es As explained more fvlly in the trustees, responsibilities slalemenl, the Iruslees (who are also the dire¢tors for the purposes of company lawl are responsible for the preparation of the Consolidated financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of Consolidated f5nancial slalemenls that are free from material mis5talemenl, whether due to fraud or error. In preparing the Consolidated financial statements, the trustees are spOnsible for assessing the charity's ability to continue as a going concem. disclosing, as applicable, matters related lo going concern and using the going coneern basis of accounting unless tt)e trustee$ either intend lo IiqLtidate the charity or to cease operations, or have no realistic allemative but lo do $0.
Norton Sports Charity Company Limitsd by Guarantee Independent Auditor's Report to the Members of Norton Sports Charity (tmlinuedl Year ended 30 November 2025 Auditorfs responslbi1Stl¢$ toff tho audit of the consolidated financlal statements Our objectives are to obtain reasonable assurance about whether the Consolidated financial slalements as a whole are free from material misstalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement when il exists. Misslalemenls can arise from fraud or error and are considerect material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these Consolidated financial stalemenls. Irregularities, including fraud, are instances ol non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to delecl material misslalements in respect of irregularities. including fraud. The exlenl to which our procedures are capable of delecling irregularities. including fraud is detailed below-. IrgUlaritIes, including fraud. are instances of non-compliance with laws and regulations. We design protsdures in line with our fesponsibilities, outlined above. lo delect material rnisslalemenls in respect of irregularities, including fraud. The risk of not detecting a material misstalemenl due lo fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by example, forgery or intentional misrepresenlalions, or through collusion. The exlenl lo which our procedures are capab5e of delecling irregltlarilies, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and manageFnent. The objectives of rjur audit are to identify and assess the risk of material misstatement of the financial 8talemenl8 due to fraud or error. It is also our objective lo obtain sufficient appropriate audit evidence regarding the risks we have assessed and respond as appropriate to them. Even though an audit is planned and performed in accordance with the ISA, {UK}, ari audit has an unavoidable risk that material misslalemenls in the financial statements may not be detected. In identifying and assessing the risk ol material misstatement in respect of irregularities, including fraud, our audit procedures include the following.. We obtained an understanding of the legal and regulatory frameworks applicable lo the company and the environment in which they operate. We obtained an understanding of how the compariy ensures their compliance with the applicable legal and regulatory frameworks through enquiries to the management and those charged with ensuring such compliance with the company. We corroborated our enquiries through a review of transactions within ltte financial statement5 that were linked to complian¢e with laws and regulations. We also reviewed any availab5e board minutes. We assessed the susceplibilily of the company's financial slalemen151o material misstatement with regards to how fraud might occur. Audit procedures performed by the audit team included.. Identifying and assessing the effectiveness of contro15 the rnanagemenl of the company has in p18ce lo delecl and prevent possible fraud., Understanding how those involved with ensuring eompllance considered and addressed the potential override of controls or undue inftuence over the financial reports., Challenging management on key estimates, assumption5 and judgements made in the preparation of the financial statements.,
Norton Sports Charity Company Limited by Guarantee Independent Auditor's Report to the Members of Norton Sports Charity fcontlnu Year ended 30 November 2025 Reviewing journal entries made with emphasis placed on these with unusual combinaliolls and those entries made around the accounting year end., and Assessing the exlenl of compliance with applicable laws and regulations. As part of an audit in accordan with ISAS IUK}, we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the Consolidated financial ststemenls, whether due to fraud or error, design and perform audit procedures responsive lo those risks. and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, mi5representalions, or the override of internal control. Obtain an understanding of internal Control relevant lo the audit in order lo design audit Pfo¢edures that are appropriate in the circumstsnces, but not for the purpose of expressing an opinion on the effe¢liveness of the internal control. Evaluate the appropriateness of accounting poSicies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropiiateness of the Iruslees, use of the going concern basis of accountsng and, based on the audit evidence obtained. whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the charity's ability lo continue as a going concem. If we conclude that a material uncertainly exists, we are iequired lo draw attention in our auditor's report lo the related disclosures in the Consolidated financial statements or, if such disc505ures are nadequale. lo modify OLtr opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However. future events or ¢ondilions may cause the charity lo cease lo continue as a going concern. Evaluate the overall presentation, structure and conlenl of the Consolidated financial slalemenls. including the disclosure5, and whether the Consolidated financial statements represent the underlying Iransa¢tion5 and events in a manner th31 achieves fair presentstion. 10
Norton Sports Charity Company Limited by Guarantee Independent Audltor's Report to the Members of Norton Sports Charity (condnued) Year ended 30 November 2025 We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken so that we might slate to the charity's members those maller5 we are required to stale lo them in an auditorfs report and for no other purpose. To the fullest extent permilled bylaw, we do not a¢eept or assume responsibility to anyone other than the chaTity and the charity's members as a body, lor our audit work, for this report, or for the opir¢ions we have formed. Christopher Gorman FCA FCCA (Senior Slalutory Audilorl For ar*d on behalf of Chipchase Manners Chartered accounlanls & slatltlory auditor 384 Linlhorpe Road Middlesbrough United Kingdom TS5 6HA 27 March 2026 11
Norton Sports Charity Company Limited by Guarantse Consolidated Statement of Financial Activities Year ended 30 November 2025 2025 Reslricled fvnds Total funds Total funds 2024 Unreslricled funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment in¢ome 188,565 71,506 737,830 16,344 218.024 406,589 71,506 737,830 16,344 1,232,269 144,232 91,088 747,927 2.335 985,582 Total income 1,014,245 218,024 Expenditure Expenditure on raising funds.. Costs of other trading activities Expenditure on tharilable activities Total expendituro 550,677 450,196 550,677 698,201 1,248.878 559,311 380,159 10,11 248,005 1,000.873 248,005 939,470 Net lexpenditurgllincome 13,372 129.981) 176,609} 46.112 Transfers beeen funds 151,8961 51,896 Net movement in funds 138,5241 21,915 (16.6091 46.112 Reconclliatlon of funds Total funds brought forward Total funds carried forward 610,728 1,484,245 1,506,160 2.094,973 2,048,861 2,094,973 572.204 2.078.364 The slalemenl of financial activities includes all gains and losses reGognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pag•s 16 to 30 form p3rt of these Consolidated financlal stat•monts. 12
Norton Sports Charity Company Limlted by Guarantee Consolidated Statement of Financial Position 30 November 2025 2025 2024 Note Fixed assets Tangible fixed assets Investments 17 18 1,537.931 215,000 1,559,518 215,000 1,774,518 1.752,931 Current assets Stocks Debtors Cash al bank and in hand 19 20 11,870 34,567 475,130 521,567 11,368 30,118 391,283 432,769 Creditors: amounts falllng due withln one year Net current assets 21 95,203 426,364 2,179,295 100,648 332,121 Total assets less current liabilltles 2,106.639 Credltors: amounts falling due after more than one year Net assets 22 100,931 2.078,364 11,666 2,094,973 Funds of the charity Restricted funds Unrestricted funds.. Revaluation reseNe Other unrestricted income funds 1,506.160 1,484,245 161,583 410,621 161,583 449,145 Totsl unrestricted funds 572,204 610,728 Total charity funds 2S 2,078,364 2,094.973 These Consolidated financial statements were approved by the board ol Iru$tees and aulhorised for Issue on 27 March 2026, and are $Tgned on behalf of the board by-. D Mccullogh Trustee P W Frost Trustee fL/ /} The notes on pages 16 to 30 form part of these Consolidated financFal statements. 13
Norton Sports Charity Company Limited by Guarantee Charfty Statement of Financial Position 30 November 2025 2025 2024 Fixed a$5et$ Tangible fixed assets Investments 1,533,026 215,001 1,551,928 215,001 1.766,929 1,748.027 Current assets Debtors Cash al bank and in hand 38,660 432,695 41,335 345,304 388,639 471,355 Creditors: amounts falling due wlthln one year Net current assets 44,263 59,184 327,455 2,094,384 422,092 Total assets lèss current liabilities 2,174.119 Credltors: amounts fallin9 due after more than one year Net assets 100,127 4,166 2,069.992 2,090,218 Funds of the charlty Restricted funds Unreslricled funds.. Revaluation resetve Other unreslricled income funds 1,506.160 1.484,245 161,583 402,249 563,832 161.583 444.390 Total unre$tri¢ted funds 605,973 Totsl charity funds 2,069,992 2,090.218 These financial stalemersls were approved by the board oftruslees and authorised for issue on 27 March 2026. and are signed on behalf of the board by.. D M¢Cullogh Trustee P W Frost Trustee The notes on pages 16 to 30 form part of th¥$¢ Consolidated financial statements. 14
Norton Sports Charity Company Limited by Guarantee Consolidated Statement of Cash Flows Year ended 30 November 2025 2025 2024 Cash flows from operating actlvltles Net lexpendilurellincome (16,6091 46.112 Adjustments for.. Depre¢ialion of tangible fixed assets Other interest receivable and similar income Ac¢rued expenses 83,013 116,344} 6,075 81,418 12.3351 9,750 Changes in.. Stocks Trade and other debtors Trade and other creditors (5021 14,4491 3,024 54,208 2,785 2.732 11.9251 138,537 Cash generated from operations Interest received 16,344 2,335 140.872 Net cash from operating activities 70,552 Ca$h flows from Investing activities Purchase of tangible assets Prod$ from sale of tangible assets Nel cash used in investing activities {65,0091 3.583 127.9041 161,4261 127.9041 Cash flows from financlng activities Proceeds from borrowings Net cash froml{used inl financing activities 74,721 74,721 126,7151 126,7151 Net Increase in cash and cash equivalents Cash and cash equivalents at beginnlng of year Cash and cash equivalents at end ol year 83,847 391,283 86,253 305,030 475,130 391,283 The notss on pages 16 to 30 form part of theÈe Consolidated financial ststemenls. 15
Norton Sports Charity Company Limited by Guarantee Not83 to the Consolidated Financial Ststements Y8ar ended 30 November 2025 General Informatlon The charity is a public benefit entity and a private ¢ompany limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 74 Slalion Road, Norton, Stockton on Tees. TS20 IPE. ststement of compllance These Consolidated financial slalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Companies Act 2006. Accounting policies 8a$is of preparation The Consolidated financial st21emenls have been prepared on the hislofical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The Consolidated financial statements are prepared in sterling. which 5$ the functional currency of the entity. Going concem There are no material uncertainties about the charity's ability lo continue. Disclosure exemptions Disclosures in respeel of financial instruments have not been presented. as they are basic in nature. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial slalemenls requi$ rnanagemenl lo make jtjdgements, estimates and assumptions, that affecl the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors. Fund accountlng Unrestricted ftjnds are available for use al the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of0 sub-classes.. reslricled income funds or endowment funds. 16
Norton Sports Charity Company Llmited by Guarantee Notes to the Consolidated Financial Ststements (contlnued) Year ended 30 November 2025 Accountln9 pollcles (conrfnuedj Incoming resources All incoming resource$ a included in the statement of financial activities when entitlement has passed lo the charity,. it is probable that the economic benefits associated with the transactson will flow lo the charity and the amount can be liablY measured. The following specific policies are applied lo particular ¢ategories of income". income from donations or grants is recognised when there is evidence of entillemenl to the gift, receipt 15 probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entillemenl is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the ¢ontribulion of general volunteers. income from contracts for the supply of services is recognised with the delivery of the onlr8cled service. This is classified as unreslricled funds unless there is a contr8Ctu81 requirement for il to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resourees expended Expendilufe 15 recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to whh il relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non- haritable trading activities, and the sale of donated goods. expenditure on eharilable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned lo chafltable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories flectIng the use of the resour¢e. Direct costs atiributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned beeen the activities they contrtbute lo on a reasonable, jL*Stifiable and consistent bas1S. Tangible assets Tangible assets are initially recorded atcost. and subsequently stated al cost less any accumulated depreciation and impaiment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 17
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements fcontlnuedj Year ended 30 November 2025 Aecountlng polteies (contlnu Tanglble a$$ets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the slalemenl of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclivilies. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value, over the useftjl economic life of that asset as follows.. Freehokl propety Plant and machinery Fixtures and fitt*'ngs 3./0 straight line 10°A slraighl line 20.10 straight line Investments Fixed asset investments are initially recorded al cost, and subsequently slated al cost less any accumulated impairment losses. Investment property Investment property is initially recorded at Cost. which ineludes purchase price and any dIreCY atiribulable expenditure. Investment property is revalued to ils fair value al each porting date and any changes in fair value are recognised in profil or loss. Impalrment offixed assots A review for indicators of impairment is carried out al each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the re¢overable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. Stocks Stocks are measured at the lower of cost and eslimaled selling price less costs lo complete and sell. Cost inclLtdes all costs of purchase, costs ol conversion and other costs incurred in bringing the stock to its present location and condition. 18
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidatsd Financial Statements fcontinued) Year ended 30 November 2025 Accounting policles fconlinu8dJ Financial instruments A financial asset or a financi81 liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic ffnancial instruments are initially recognised al the amount receivable or payable including any related transaction Costs, unless the arrangement constitutes a financing transaction. where it is recognised al the Present value of the future payments discounted at a market rate of interest for a similar debt inslnjmenl. Current assets and current liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Defined contrlbutlon plans Contributions to defined contribution plans are recognisod as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead lo a reduction in future payments or a cash refund. Llmlted by guarantee The charsty is limited by guarantee, and does not have share capital. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2025 Donations General donations Gift aid donations 42,886 7,258 46,462 1,742 89.348 9.000 Glfts Gifts in kind 88,538 88,538 Grants General grant income Sport England Clubhouse Grant Interest income Levies income 66,480 79,572 1,710 146,052 1,710 71,941 71,941 188,565 218,024 406,589 Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons General donations Gift aid donations 20,D74 1,820 31,000 3,750 51.074 5,570 19
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements (cortfthued) Year ended 30 November 2025 Donatlons and l¢gaci•s (continued) Unreslricled Funds Restri¢led Total Funds Funds 2024 Glfts Gifts in kind Gr8nt$ General grant income Sport England Clubhouse G¥ant Interest income Levies income 3,750 11,323 3.861 15.073 3,861 68.654 68,654 94,298 49,934 144,232 Charitable activltles Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising income Field income Investment propety income Car park income 3,734 58,533 7,209 2,030 3,734 58,533 7,209 2,030 6,479 56,538 7,081 20,990 6,479 56.538 7,081 20.990 71.506 71,506 91,088 91.088 Other tr8ding activitles Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Subsidiary incorne - sales Subsidiary income - rent receivable Subsidiary income - fruit machine Subsidiary income - Snookef Subsidiary income - Room hire Subsidiary income - sundry 714,205 2,000 920 529 20.176 714.205 2.000 920 529 20.176 718,464 2,000 2.655 803 23,505 500 718,464 2,000 2,655 803 23,505 500 737,830 737.830 747,927 747.927 Investment income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Bank interest receivable 16,344 16,344 2,335 2.335 20
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements (continue Year ended 30 November 2025 Costs of other tradlng a¢tivitio$ Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of other trading activities Norton Sports and Leisure Promotions cic 550,677 550,677 559.311 559.311 Norton Sports and Leisure Promotions CSC is wholly owned trading subsidiary of the charity. 10. Expenditure on charitable acttvltles by fund type Unreslricled Funds Reslricled Total Funds Funds 2025 Sports and leisure facilities costs Support costs 319,786 130,410 169.867 78,138 489,653 208,548 450,196 248,005 698,201 Unrestricted Funds Restricted Total Funds Funds 2024 Sports and leisure facilitses costs Support costs 211.052 81.594 3,443 84,070 214.495 165.664 292,646 87,513 380.159 11. Expendlture on charitable activities by activity type Activities undertaken directly Support Total funds costs 2025 Total fund 2024 Sports and leisure facilities costs Governance costs 489,653 489,653 208,548 214,495 165,664 208,548 208,548 489,653 698,201 380,159 21
Norton Sports Charity Company Limlted by Guarantee Notes to the Consolidated Financial Statements (¢ontinuedJ Year ended 30 November 2025 12. Analysis of support costs Wages and salaries Total 2025 Total 2024 Staff costs Premises Governance costs Coaching and other expenditure Staff training 179,519 306,437 208,548 3,340 357 179,519 306,437 208,548 3,340 357 165,791 41,707 165,664 6,474 523 698,201 698,201 380, 1 $9 Goveman¢e costs analysis.. Unreslri¢led Reslricled 2025 2024 Rates and water Light and heal Investment property expenses Insurance Office expenses Disallowed VAT Accountancy fees Audit fees Professional fees Bank charges Interest Thrive Interest - Sport England Depreciation Profiuloss on disposal 16,404 27,980 2,451 15,395 3,657 34,686 4,150 2,750 6,138 252 9.064 16.404 27.980 2.451 15,395 3.657 34,686 4,150 2,750 6,138 252 9,151 30,335 1,775 14,976 2,982 11,181 3,676 8,663 214 1,710 76,428 1,710 80,328 3,583 208,548 3.900 3.583 3.861 78,850 130,410 78,138 165,664 13. Net {expenditurellincome Net lexpenditurellincome 1$ staled after char9ingllcreditsngl.' 202S 2024 Depiecialion of tangible fixed assets 83,013 81,418 14. Audltors remuneration 2025 2024 Fees payable for the audit of the consolidated financial statements 2,750 22
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements (¢ontinued) Year ended 30 November 2025 15. Staff ¢o$ts The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer conlribulioas to pension plans 377,873 6,412 5,874 346,892 5,470 5,402 357,764 390,159 The average head count of employees during the year was 2912024-. 291. The average number of full-lime equivalent employees during the year is analysed as follows.. 2025 No. 2024 No. Direct charity staff Management and admin staff Trading subsidiary staff 19 19 29 29 No employee received employee benefits of mre than £60,000 during the year12024.. Nil}- 18. Trustee remuneration and ¢xp9nses Durin9 the year, no trustee's received remuneration or We reimbursed for any expenses. 17. Tanglble fixed assets Freehold property Plant an¢J Fixtures and machinery rittings Total Cost Al 1 December 2024 Additions Disposals At 30 November 2025 2.118,655 65,009 46,975 23,115 2.188.745 65.009 17,9761 2.245,778 17,976) 38.999 2.183,664 23,115 Depreciation At 1 December 2024 Charge for the year Disposals At 30 November 202S 596,911 76,428 16.791 3,900 14,3931 16,298 15,525 2,685 629.227 83,013 14,3931 707,847 673,339 18,210 Carrylng amount At 30 November 2025 1,510,325 22,701 30,184 4.905 1,537,931 1,5S9,518 AI 30 November 2024 1,521.744 7,590 23
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements (¢¢)nlinued) Year ended 30 November 2025 18. Investments Investment properties Cost or valuation At 1 De¢¢mber 2024 and 30 November 2025 215,000 Impairment At 1 D¢¢¢mber 2024 and 30 November 2025 Carrying amount At 30 November 2026 215,000 215,000 AI 30 November 2024 All investments shown above are held at valualion. Investment propertles All fixed asset investments are held at f8ir value within the United Kingdom. The investment was professionally valued at £215,000 on 22 August 2023 by Thomas Stevenson LLP, Chartered Sutveyors. The charity has a wholly owned trading subsidiary, Norton Sports and Leisure Promotions CIC, the results of which are fully consolidated into these financial statements. 19. Stocks 2025 2024 Raw materials and consurnables 11,870 13,368 20. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 13,129 8,703 12,735 34,$67 12,238 5,145 12,735 30,118 24
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements (contlnue(lJ Year ended 30 November 2025 21. Credltors: amounts falling duo within one year 2025 2024 Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Other ¢ditorS 23,790 12.117 32,911 23,127 3,2S8 95,203 38.334 7.629 28.487 25.541 657 100,648 22. Croditors: amounts falllng due after more than one year 2025 2024 Bank loans and overdrafts 100.931 11.666 On 30 September 2020, a loan of £100,000 was advanced from Sporting Capital Limited. The loan carried a e1Ve-mOnth capital repayment holiday, lo be followed by 48 equal capital repayments. The lender and borrower agreed that the interest charges of £25,217, together with the arrangement fee of £2,000 will be repaid by the borrower via a non-refundable grant prepayment that was forwarded lo the charity by Sport England. This interest grant will be released over the duration of the loan term agreement. The loan from Sporting Capital Limited wa5 paid off in Seplernber 2025. On 29 January 2021 an unsecured loan of £50,000 was advanced from the Co-op Foundation. Under the terms of the loan, the full amount musl be repaid in lull within five years of the anniversary of the initial drawdown, with an initial e1Ve-Month capital repayment holiday being in place. No interest will be charged on the loan. The loan from the Co-op Foundation was paid off on 2nd March 2026. On 17 January 2025. an unsecured loan of £112,750 was advanced from Social Investment Business relating lo the Thrive Together Fund. Under the terms of the loan which also includes a £2,250 arrangement fee, the lull amount is lo be repaid within six years of the anniversary of the initial drawdown, with an initial e1ve-Month capita5 repayment holiday being in place. Interest on the loan will be paid al 7.5Dlo starting from initial drawdown. 23. Deferred In¢ome 2025 2024 AmoL*nl deferred in year 4.281 5,932 24. Pensions and other post-r¢tirement bongfits Doflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined Contribution plans was £5,87412024.. £5,402). 25
Norton Sports Charity Company Limited by Guarantee Notss to tha Consolidated Financial Statements (¢onlinued) Year ended 30 November 2025 2S. Analysis of charitable funds Unrestricted funds At 1 Dec 2024 At Transfers 30 Nov 2025 Income Expendilu General funds Revaluation reserve 449, 145 161,583 610,728 1,014.245 {1,000,8731 (51,8961 410.621 161,583 1,014,245 {1.000,8731 151,8961 572,204 At 1 Dec 2023 At Transfers 30 Nov 2024 Income Expenditure General funds Revaluation reserve 385,455 161,583 935,648 1851,9571 120.0011 449,145 161,583 547.038 935,648 1851,9571 120,0011 610.728 26
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Ststements (continued) Year ended 30 November 2025 25. Analysis of charltable fund$ (¢ontiftuedJ al 01 Dec 2024 Incoming iesources Outgoing resourTrs al 30 Nov 2025 Transfers General reserves Reserves Slalion House (fair value reserve) Working capital AGP Clubhouse Cricket nets louldoorl Cricket school Floodlights Football 3G Football pavillion Infraslruclure 85,618 52.561 (35,9461 122,2231 49,670 23,111 359,135 {366.3621 161.583 25.000 134,592 15,008 10,113 4,005 6,071 9,011 7.504 8,006 161,583 40.000 210,353 20.765 15,000 75.761 5,757 {10,1131 14,0051 28 16,099} 2,988 15,526) 50.013 11,999 1,978 58,019 Machines Squash courts Tennis courts Bowling Projects 2024125 Station House Thrive Thrive reserve Subsidiary reserves 4,502 3.000 10,113 2,000 13,871 53,417 8,223 3,019 195 2,012 (28,9801 12,725 6,019 10,308 4.012 3,019 {3.0191 2,012 58,257 12.0121 143.1481 53.417 37.500 129.5561 17,9441 1100,1271 1100,1271 8,372 572,204 4,755 554,294 1550,6771 1,014,245 11.000,873) 610,728 151,8961 The unrestricted fvnd5 represent those funds which the trustees are free lo use in accordance with the charitsble objeclives.11 includes General reseNes held in accordance with the ReseNes Policy of the Charity and a number of Designated funds which are monies earmarked for major maintenance, refurbishment or development of particular facilities al specific times in the future. The Thrive reserve 15 represenlalive of the loan disclosed in note 16, designated sepafalely for disclosure as part ol gener31 unrestricted reserves al the discretion of the Iruslees in orderto show a true and fair view. Restrlcted fund$ At 1 Dec 2024 At Transfers 30 Nov 2025 Income Expendilule Restricted Funds 11.484.245) 1218,0241 248,005 {51.8961 11,506.1601 At 1 Dec 2023 At Tfansfers 30 Nov 2024 Income Expenditure Reslrieted Funds 11.501,8231 149,934) 87,513 120.0011 11,484,245) 27
Norton Sports Charity Company Limited by Guarantee Notss to the Consolidated Financial Statements (¢ontlnued) Year ended 30 November 2025 25. Analysis of charitable funds (con11nj at1 Dec 2024 Incoming resources Outgoing resources at 30 Nov 2025 Transfers Reslricled fund Clubhouse Refurbishment AGP Hockey Pitch Natronal Lottery Community Fund Gfanl Sport Englandlsporting Capital Clubhouse Forest Shelter Calalysl- Training Football perimeter fence Clubhouse insulab'on Cricket pavilion Football pitch lights Grass area lights 781,444 143,2261 738,218 201,028 175,068 {8,858) {8,033} 12.500 204.670 167.035 64.133 12,6251 61,508 164,212 98,360 1,710 19,3061 13,8151 13571 12,275) 14,0451 18.500) 132,1361 150,1601 20,833 177,448 94,546 357 46,447 4,045 8,500 32,136 50,160 78,563 62,735 Outdoor cricket nets Indoor cricket school Ladies football changing rooms Calalysl Three Peaks 41,069 32,350 141,0691 132,3501 750 500 17501 1500) 1248.0051 1,484,245 218.024 51,896 1.506,160 The Restricted Fund along with the Clubhouse Refurbishment Fund represents the nel book value of certain tangible fixed assets, with the other net book values of the remaining assets being represented by the individual funds as detailed below. Each year the movement in the fund represents the movement in the net book value of tangible fixed assets. The AGP Hockey Pitch Fund represents ftjnding received specifically for the development of an AGP pitch with additional funding being provided by means of a bank loan, in ac¢ordance with the objectives of the charity. The reslri¢led fund represents the net book value of the tangible fixed assets. Each year the movement in the fvnd represents the movement in the net book value of tangible fixed assets. Each of the funds received from the National Lottery Community Fund Grant and Sport England I Sporting Capital Clubhouse Fund represent funding reiVed specifically for the clubhouse development with additional funding being provided by means of a bank loan, other loans and donations, in accordance with the objectives of the charity. Each year the movement in the funds represents the movements in the net book value of the clubhouse redevelopment and the associated loan interest charges. The Forest Shelter Fund represents match funding received frorn Sport England and the associated funding received from a Crowdfunding campaign, plus a gift in kind grant payment made by Impetus directly lo the company conslrucling the forest shelter. The restricted fund represents the net book value of the tangible fixed assets. Each year the movement in the fund represents the movement in the nel book value of the Forest Shelter. 28
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Statements (conrfnued) Year ended 30 November 2025 25. Analysis of charitable funds (contlnued) The Calalysl Three Peaks granl1£5001 was for enhaneemenl forest shelter and wood18nd area. In¢omin resources for the other facil. as follows.. develo ment ro ecls which were ulilised in the ear were The football perimeter fence project was funded by a donation from Norton & Sto¢kton Ancients Youth Football Club and via a Football Foundation grant via N & SAYFC. The clubhouse insulation and hearing loop project was funded through a Norton Sports Charity payment in kind and via a Tees Million grant. The cricket pavilion project was funded by The Teesside Charity grant. The football pitch lights project was funded by a Norton & Slo¢klon Ancients Youth Football Club donation and 8 Football Foundation grant via N & SAYFC. The grass area lights projeel was funded via a Norton & Stockton Ancien15 Youth Football Club Third Paty Contribution to landfill grant and an Enovert landfill scheme grant. The outdoor cricket nets project was fvnded via a Sport England Crowdlunder gr3nl from Movement Fund. Crowdfunder Donations, a Bernard Sunley Foundation grant and 3 Ropner Trust grant via Norton Cricket Club. The indoor crickel school project Was funded by a Notts Sport donation in kind of CocolLtrf carpet playing surface, Crowdfvnder Donations and a Tees Millior¢ award via Norton Cricket Club. The ladies football changing rooms project was funded by a Miller Homes award. 29
Norton Sports Charity Company Limited by Guarantee Notes to the Consolidated Financial Ststements (contlnu8dJ Year ended 30 November 2025 26. Analyslg of net assets betwe¢n funds Unreslricled Funds Restricted Totsl Funds Funds 2025 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Ngt assets 27.606 215.000 517,286 186.757} 1100,9311 572,204 1.510,325 1.537,931 215,000 521,567 195,2031 {100,9311 2,078,364 4.281 18,4461 1,506,160 Unreslricled Funds Reslricled Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 37.774 215.000 426.837 161,3831 17,500} 610.728 1,521,744 1.559.518 215,000 5,932 432,769 139,2651 (100,6481 14, 1661 111.6661 1,484,245 2,094.973 27. Analysis of changes in net debt Al At 1 Dec 2024 Cash flows 30 Nov 2025 Cash at bank and in hand Debt due within one year Debt due after one year 391,283 138.3341 (11,6661 341,283 83,847 475,130 14,544 123,7901 189.2651 1100,9311 9,126 350.409 30