2022-06-30-accounts - The Iron Foundation

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to IO
Independent Fxaminer's	Report
Statement ofFinancial	Activities	12
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Financial	Statements	15 to 23

				Scunthorpe	United FC Community Spor	United FC Community Spor	United FC Community Spor	United FC Community Spor	ts	& Educa
					Reference and Administrative					Details
Trustees					L Butler, (Accountant)
					A Martin, (Grant Advisor)
					A Khan, (Sport Development			Officer)
					M McCarthy, (Governance			Trustee)
					A Saunderson, (Funding		Partnership		Officer)
					C Mumby, (Football Secretary)
Secretary					L Butler, (Accountant)
Senior Management			/	Leadership	S Maxfield
Te'Iin					W Johnson
					G Cooper
					L Ridley
Charity	Registration			Number	1125158
Company	Registration			Number	06570835
					The charity is incorporated			in England		and Wales.
Registered		Office			Glanford Park
					Jack Brownsword Way
					Scunthorpe
					North Lincolnshire
					DN I5 8TD
Independent		Examiner			Forrester Boyd 26 South Saint Mary's	Gate
					Grimsby
					North East Lincolnshire
					DN31 ILW
Bankers					Lloyds Bank pic
					High St Scunthorpe

(Including Income an	d Expenditu	re Accou	nt a	nd Statement	ofTotal Re	ognised as
				Unrestricted funds	Restricted funds	Total 2022	Total 2021
			Note		K
lnconle and Endolvments Donations and legacies Other trading activities hlvcstnlcnt nlconlc	from:		3 4 5	51G,967 45,004 39	7,968	524,935 45,004 39	622,085 31,400 23
Total income				562 010	7968	569,978	653,508
Expenditure on: Raising funds			6	(321,839)	(3,534)	(325,373) (136,968)	(263,822) (101,382)
Charitable activities
						(462,341)	(365,204)
fotai expenditure
Net income				103203	4 434	107,637	288,304
Net movement in funds				103,203	4,434	107.637	288,304
Reconciliation offunds Total funds brought forward Total funds carried fortvard		Note	790,319 17 893 522 Unrestricted funds		4,434 Continuing ope rations 2021f	790,319 897,956 Discontinued operations 2021	502,015 790,319 Total 2021
Income and Endolvments Donations and legacies Other trading activities Invcstnlcnt laconic	from:	3 4 5		622,085 31,400 23	G22,085 31,400 23		622,085 31,400 23
Total income				653,508	653,508		653,508
Expenditure on: Raising funds Other expenditure		6		(263,822)	(263,822) (101,382)		(263,822) (101,382)
Total expenditure Nct hlconlc				(365,204) 288,304	(365,204) 288,304		(3G5,204) 288,304
Net movemenl in I'unds				288,304	288,304		788,304
Reconciliation offunds Total funds brought forward Total funds carried forward		17		502,015 790,319	502,015 790,319		502,015 790,319

				Balance Sheet as at	30June 2022
						2022	2021
					Note
Fixed assets Tangible assets						6,879	19,391
Current assets Debtors Cash at bank and		in hand			14	32,991 975,414	36,245 826,132
						1,008,405	862,377
Creditors: Amounts			falling due within	one year	15	(117,328)	(91,449)
Valet current	assets					891,077	770,928
						897,956	790,319
Net assets
Funds ofthe	charity:
Restricted income funds
Restricted funds						4,434
Unrestricted Unrestricted	income 1'unds		funds			893,522	790,319
Total funds					17	897,956	790,319

					2022	2021
				Note
Cash floivs from operating	activities
Net casli lllcolrle					107,637	288,304
Adjustments to cash flows from non-cash Depreciation			items	6, 7	3,685	6,372
Investment income				5	(39)	(23)
Profit on disposal oftangible	fixed assets				(3,823)
					107,460	294,653
Working capital adjustments Decrease/(increase) in debtors				14	3,254	(15,093)
Increase/(decrease) in creditors Increase in deferred income				15	6,027 19,852	(187,856) 90,247
Net cash flows from operating		activities			136,593	181,951
Cash flows from investing activities
interest receivable and similar		income			39	23
Sale oftangible fixed assets					12,650
Net cash flows fiom investing		activities			12,689	23
Net increase in cash and cash	equivalents				149,282	181,974
Cash and cash equivalents at	I	July			826,132	644,158
Cash and cash equivalents at	30 June				975,414	826,132

3 Inco
	Unrestricted funds	Restricted	Total	Total
	Other	funds	2022	2021
		8
Grants, including capital grants; Government grants Grants from other charities	60,161 456,806	7,968	60, 161 464,774	39,245 582,840
	516,967	7,968	524,935	622,085

5 Investment in
	Unrestricted
	funds	Tots I		Total
	Other	2022		2021
interest receivable and similar income; Interest receivable on bank deposits	39		39		23

ai Other	costs ofgenerating donations an	d legacies
			Unrestricted
			funds	Restricted	Total
			Other	funds	funds
		Note
Legal fees Allocated	support costs		1,942 319,897	3,534	1,942 323,431
Total for	Z022		321,839	3,534	325,373
Total for	Z021		263,822		263,822 Total
					costs

7 Other
							Unrestricted
							funds	Total	Total
						Note	Other	2022	2021f
Depreciation, amortisat Allocated support costs	ion	and	other	similar	costs		3.685 133,283	3,685 133,283	6,372 95,010
							136,968	136,968	101,382

Support costs allocated to raising	Support costs allocated to raising	funds	funds	Governance		Total
				costs	Staffcosts	funds
Costs ofgenerating donations	and legacies			1,942	323,431	325,373
Total for 2022				1,942	323,431	325,373
Total for 2021					263,822	263,822
Support costs allocated to charitable			activities		Othersupport	Total
					costs	funds
Other support costs					136,968	136,9G8
Total for 2021					101,382	101,382
9 iVet incoming/outgoing	resources
Net incoming resources for the year include:
					2022	2021
Operating leases - other assets Other non-audii services					11,681 1,842	5,244 1,738
Profit on disposal oftangible Depreciation offixed assets	fixed	assets			(3,823) 3,685	6,372

		2022	2021
Staff costs during the year were: Wages and salaries Social security costs Pension costs		293,554 21,220 8,657	234,G51 19,441 7,992
		323,431	262,084

13 Tangible fixed	s
					Computer
				Motor vehicles	equipment	Total
Cost
At I July 2021 Disposals				16,376 (16,376)	16,506	32,882 (16,376)
At 30 June 2022					16,506	16,506
Depreciation At I July 2021 Charge for the year Eliminated on disposals				7,165 384 (7,549)	6,326 3,301	13,491 3,685 (7,549)
At 30 June 2022					9,627	9,627
Net book value
At 30 June 2022					6,879	6,879
At 30 June 2021				9,211	10,180	19,391
14 Debtors
					2022	2021
Prepayments					32,991	36,245
15 Creditors: amounts	falling	due within	one year
					2022	2021
Trade creditors					4,470	4,354
Social security and other taxes Accruals and deferred income					2,759 110,099	(3,152) 90,247
					117,328	91,449
					2022	2021
Deferred income at I July 2021 Resources deferred in the period Amounts released fiom previous		periods			(88,447) (105,459) 88,447	(167,960) (88,447) 167,960
Deferred income at year	end				(105,459)	(88,447)

Total future	minimum		lease	paymen	ts	under non	-cancell	able	ope	rating lea	ses are as oows:
												2022		2021
														f.
Other Within one year Between one and five			years										8,642 5,886	5,244 2,185
													14,528	7,429
17 Funds
								Balance at I July 2021			Incoming resources	Resources expended		Balance at 30 June 2022
Unrestricted	funds
General fund									790,319		562,010		(458,807)	893,522
Restricted funds											7,968		(3,534)	4,434
Total funds									790,319		5G9,978		(462,341)	897,956
The restricted	fund	relates		to a grant		received	from	Humber		Learning,	the requirements	were	not met by	the charity and
therefore a proportion			of the grant		had	to be repaid post		year end. Balance at I July 2020			Incoming resources	Resources expended		Balance at 30 June 2021
Unrestricted	funds
General fund									502,015		653,508		(365,204)	790,319
18 Analysis	ofnet assets between				funds
											Vnrestncted			Total funds at
											funds	Restricted		30June
											General		funds	2022
Tangible fixed assets Current assets Current liabilities											6,879 I 008 405 (121,762)		4,434	6,879 1,012,839 (121,7G2)
Total net assets											893,522		4,434	897,956