2021-06-30-accounts - The Iron Foundation

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TRUSTEES		Mrs LButler (Accountant)	Mrs LButler (Accountant)	Mrs LButler (Accountant)
		A A Khan (Sport Development				Oflicer)
		Ms A Saunderson	(Funding		Partnemhlp		Otgcer)
		R E Notde (Marke5ng		Nlsnager)		(resigned December 2021)
		A MaNn (Grant Advisor)
		M McCsrlhy (Governance Trustee) A Grins (Foogmli Secreusy) (appointed					1 February 2022)
COMPANY SECRETARY		Mrs L Butler
REGISTERED OFFICE		Glanford Park
		Jack Brownsword	Way
		Scunthorpe
		North Llncolnshire
		DN15 8TD
REGISTERED COMPANY	NUMBER	06570835 (England		and Wales)
REGISTERED CHARITY	NUMBER	1125158
INDEPENDENT EXAMINER		Forrester Boyd
		Chartered Accountants
		66-68Oswald Road
		Scunthorpe
		North Lincolnshire
		DN15 7PG
SENIOR MANAGEMENT	TEAM	S Maxfield
		W Johnson
		G Cooper
		L Ridley
BANKERS		Lloyds Bank pic
		106High Street
		Scunthorpe
		DN15 6HG

						2021	2020
				IJnrestnchd	Restricted	Total	Total
			Notes	fund	funds f	funds 6	funds 6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	622,085		622,085	645,311
Other trading activities Investment income				31,400 23		$1,400 23	34,536 80
Other income							500
Total				65$,508		653,508	680,427
EXPENDITURE ON
Raising funds			5	26$,822		203&822	388,454
Other				101,382		101,382	247,100
Total				365,204		$65,204	635,644
NET INCOME				208,304		288,304	44,783
RECONCILIATION	OF FUNDS
Total funds brought forward				502,015		502,015	457,232
TOTAL FUNDS CARRIED FORWARD				700,319		~790 319	502,015

6Education Tru	st (Registered number: 0867	0835)
	Balance Sheet
	30June 2021
		2021	2020
	Notes	8	5
FIXEDASSETS Tangible assets		19,391	25,763
CURRENT ASSETS Debtors Cash at bank	12	39,397 826,132	21,152 644,158
		865,529	665,310
CREDITORS Amounts falling due within one year	13	(94,601)	(189,058)
NET CURRENT ASSETS		~770 928	476,252
TOTAL ASSETSLESSCURRENT LIABILITIES		790,319	502,015
NET ASSETS		~790 319	~502 015
FUNDS	16
Unrestricted funds: General fund		~790319	502,015
TOTAL FUNDS		790.319	~502 015

		Cash Flow St forthe Year Ended	atement 30June 2021
			2021	2020
		Notes		5
Cash flows from operating activities Cash generated from operations			~161961	85Osr
Net cash provided by operating activities			181,961
Cash flows from Investing activities Purchase oftangible 9xed assets Sale oftangible lixed assets interest received			23	(32,882) 3,339 80
Net cash (used in)/provided	by investing	ac8vities	23	~29,453)
Change In cash and cash the reporting period	equivalents	in	181,974	35,594
Cash and cash equivalents beginning ofthe reporting	at the period		644,168	~808564
Cash and cash equivalents the reporting period	at the end	of	828,132

Scunthorpe United FCCommunity Sports 8Education Trust Notes to the Cash Flow Statement for the Year Ended 30June 2021
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROBI OPERATING	ACTIVITIES 2021	2020
	5	5
Net Income forthe reporting period (as per the Statement ofFinancial Activities)	288,304	44,783
Adjustments for: DepmrJation charges Loss on disposal offixed assets Interest received Decrease/(increase) in debtors Decrease in creditors	6,372 (23) (18~) ~94457)	8,233 3 (80) 40,540 ~28.422
Net cash provided by operations	~181 951	85,057

ANALYSIS OF CHANGES IN NET FUN	DS
	At 1.7.20	Cash flow	At 30.6.21
	2	5	6
Net cash Cash at bank	644,158	181,974	826,132
Total		181,974

	DONATIONS AND	LEGA	CIES
						2021	2020
						5	E
	Grants					582,840	600,811
	Government Grants					39,245	38,500
						622,085	645,311
	Grants received, included		in the above, are as follows:
						2021f	2020
	Other Grants					136,02S	71,780
	Core payments Futsal					35,000 185,078	35,000 104,787
	NCS					226,736	305,244
						582,840	606,811
3.	OTHER TRADING	ACTIVITIES				2021	2020
							B
	Soccerschools Parties					1,750	5,342 1,530
	Out ofschool dubs PPA					840 ~28810	1,844 25,820
						3311JI00	34,536
4.	INVESTIEENT INCOME					2021	2020
						6	5
	Deposit account interest					23	80
5.	RAISING FUNDS
	Raising donations	and legacies				2021	2020
						6	5
	Support costs					263,822	388,454
6.	SUPPORT COSTS
				Human		Governance
				resources 5	Other 6	costs f	Totals
	Raising donations and legacies Other resources expended			262,084	~69 259	1,738	263,822 59,259
				262,084	59,259	1,738

Net income/(expenditure) is slated atter charging/(crediting):
	2021f	2020f
Depreciafion - owned assets Other operating leases Deficit on disposal offixed assets Independent examiners fee	8,372 5,244 1,738	8,233 6,038 1,090 1,780

There were no trustees' expenses paid forthe year e	nded 30June 2021 nor forthe year ended 30	June 2020.
STAFF COSTS	2021f	2020
Wages and salaries Socialsecuiity costs Other pension costs	234,651 19,441 7,992	352,615 24,116 9,943
	282,884	386,674

No employees received emoluments	No employees received emoluments
COMPARATIVES FORTHE STATEMENT OF FINANCIAL		ACTIVITIES Unrestricted	Restricted	Total
		fundf	funds f	fundsf
INCOME AND ENDOWMENTS Donations and legacies	FROM	645,311		645,311
Other trading activiTies Investment Income Other income		34,536 80 500		34,536 80 500
Total		680,427		680,427
EXPENDITURE ON Raising funds		388,454		388,454
Other		247,190		247,190
Total		635,644		635,644

	Notes to the Financial Statements -continued for the Year Ended 30June 2021	Notes to the Financial Statements -continued for the Year Ended 30June 2021
10.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued
		Unrestricted	Restricted	Total
		fund 2	funds 2	fundsf
	NET INCOME	44,783		44,783
	RECONCILIATION OF FUNDS
	Total funds brought fonuard	457,232		457,232
	TOTAL FUNDS CARRIED FORWARD	502,015		502,015
11.	TANGIBLE FIXEDASSETS
		Motor	Computer
		vehicles 5	equipment 5	Totals f
	COST At 1 July 2020	16,376	18,5Oe	32,882
	At 30June 2021	~16 376	15,506	~32 882
	DEPRECIATION At1 July2020 Charge for year	4.094 3,071	$,025 $,301	7,119 6,372
	At30June 2021	7,165	6,326	13,493
	NET BOOK VALUE At 30June 2021	9,211	~10 180	19,391
	At30June 2020	12,282	13.481	25,763
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR		2021	2020
			6	5
	Prepayments and accrued income Social security and other taxes		36,245 ~3152	21,152
			39,397	21,152
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		2021 f	2020f
	Trade creditors Social security and other taxes Accruals and deferred income		4,354 90,247	18,414 834 109,810
			94,eot	189,058

		2021	2020
Defermd Income		6
Deferred income at 1 July 2020 Released from previous years Resources deferred in the year		167,960 (167,960) 88,447	200,296 (200,296) 167,980
Deferredincomeat	30June2021	88,441	167Bea.

Minimum	leas	e	payments under	non-cancellable o	perating leases	fall due as follo	ws:
							2021	2020
Within one year Between one and five years							6,244 2,186	5,244 7,420
								12,673
ANALYSIS OF			NET ASSETS BETWEEN FUNDS
							2021	2020
					Unrestricted	Restricted	Total	Total
					fundf	funds B	funds 8	funds
Fixed assets Current assets					10,$91 865,529		19,391 865,029	25,763 665,310
Current	liabilities				f94,$H)		~04,001	~189058)
					790,319		790,319	502,015
MOVEMENT		IN FUNDS
							Nst
							movement	At
						At 1.7.20	in funds	30.6.21
								2
Unrestricted General fund		funds				502,015	288,304	790,319
TOTAL	FUNDS					502,016	280~4	790,319
Net movement			in funds, included	in the above are	as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						F	F
Unrestricted General fund		funds				653,508	305,204	288,304
TOTAL	FUNDS					I 85$50S	$05,204	~l 280$04