Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Company regisiralioll number." 06570835 Chariry registration number-. 1125158 Scunthorpe United FC Community Sports & Education Trust IA Company limited by guarantee) Aniiual Report aiid Financial Siatenienis roi IIIL Ytlir Ended 30 Jiine 2023 Forrester Boyd 26 Soutli Sr. Mi ary's Gale Griinsby North East Lincolnshire DN31 ILW
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Contents Rcfercnc¢ dnd Adniillisiralive Details Tru.giee%' Repori 2109 Indcpcndenl Exaininer's Repon 10 12 B(IlJnLL Sliecl iaieiiieiii ol'C<Tr%h Flow% 14 10 21
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Reference and Administrative Details Trustees L Biitler. IAc¢oiintanl) A Martiii, (Graiit Advisor) A Klian. (Spoil Developmeni Officer) M Mccarthy, IGovenian¢e Trusieel A Saunderson, (Funding Partnership Officer) L Builer. IA¢¢oiinlanl} Secretary Scnior Imaiiagemcnt l Loadership S Maxfield Teatll w.loliiisoii (i Cooper L Ridley Charit}. Registration YL umber Cttmpanv R¢gistration Number 06570835 The chariry is incorporated iii Eiigland and Wale5. Glanford Park lack Biowiisword Way ScLinthorp¢ North Lincolnshire DN158TD Registered Office Independent Examiner Forresier Boyd 26 Souili St. Mary'5 Gate Giinisby Norih East Lincolnshire DN31 ILW Bankers Lloyds Bank plc 14igh Si Scui)thorpe Page I
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Trustees, Report Thc Ii'iislces. who are direriors foi- the piirpoge5 Qf company law, psertt Ihe annual report iogether with Ihe financial slaieinenis of Ihe chariiable company for the year ended 30 lune 2023. Chairman's lTh(roduction Chair ol. SLiiniliDrpe Uiiiled Sp()ris and E(ILICiilion Trust. l ain liappy we can repoil a prodiiclive and .iuslainable level of PL'I'f111-iiiailLL. dLspil¢ ilLib LiniLnc11nlies and the filial y¢#r of NCS dLliv¢ry dLlI'ing Si11niiier 2022, which lias been a feaiiire in Wc ¢dl)noi ignoi-¢ Ihdi diii'iiig Iliis rcporting pcriud ive have as Trust faccd ni2ny challenges <ind inajor ch8nge, as detailed luriliei. Iii Il)e I'eporl. Chai)ge.% in delivei'y aiid our localioii have been made 'LIhIl1 the Tiwsl that art eiisuring we coiiliiiue 10 be relevai)I lo IliE canimiiiiity needs aiid ive reiiiain responsive 10 emergiiig developinent5. Trusiees coiilinued to use digiial meeiiiigs 10 eiisure the Trust W8s able to move Ihrough the year whilst resumiiig face to face Tlie T1'usI 5 w¢)rk coiiliiiiies dround the key themes around Sports Parttcipalion, Health and Wellbeing. Ediicatioii and Social inilLI.%ioii aiid coiitinued lo dtliver Ilic lasi N81ion#l Cilizeii Service progr8mme lalbeil a miicli-Ghanged delivery) diiring this periiid i?r revicw Tlie Trusi.s coiiiiniiiiienl tu the &i1115 and objcctive% of oiir eharilable Trust Iq regularly reviewed with our staff Ivho L2fc 'oLiI there on Ilie ground and disciissions at rneetings challenge any proposed changes and new developments always Pl-¢5¢ni a lively (lebaic before 2grecd expenditure. Our OlTrgToiiig coiiiniilinei)I reiiiaiiis, 10 et15ure our operational delivery is of higli quality despite the many challenges tliat this year h8s pre5eiited as tlie FL)Otb811 Club are lio longer ili the EFL (English Football Leaguel as such we #re no loiiger required 10 aLliievc tlie Preniier Lcagues Capabilily Code of Practise ICCOPI. The Nalioiial League does not liave this requiremeiil nor ali alien)alive. As Iliis was not ali e8sy or qiiick process aiid Il)rougli our relatioiiship iviih external cotisuliants, the Trust lias bccii clear tlial w¢ sl)oiild coniiiiue 10 stlf-assess. Tliis eiisures tliat self- assessiiicni and quality Tetnains at tlie lieart of whai we dn aiid wliil%i iv¢ will iiot Ilie aiinual validaiion ofour CCOP results we remain conlmiltcd lo ensui'ing our work is high quality. r)iir siaff are Loiifideiii In Iheir roles. aiid w¢ coniinue to Ihrive a5 a TrLisI at 2 Tier 6 Level club. We Lonlinue 10 dcirelop Ihe TrLlS1 in ienms of oiir people. our ediication and comimiinity activiiies and oiir finlncial l)L'l'fiiriii14 1ItL dnol Ilie i-EiriTrval of all Cokid reslTILtions were very w¢liome for Ihis reportin8 period. A% in prei'iou% vears Ilie Iiiieiiiion 10 build a seeure level ol. reserves, providiiig st¢uriiy lor botli p8riicipaiit5 aDd stalf has I'einaiiied a 5Le2dla%i aiiibilioii and we have agaiii beeii able 10 achieve Ih15 Additiona51y, wt wish the Trust 10 be in a riiiaiicially slroiig positioii thai will allow c01151deraiion of any iiiv¢sinienl in opportunities that may present, thai ivould proiiioie furtlier oromrth iii our priniary areas of work, duriiig this reportin8 peiiod we have inainiained tliis p051tion Ihrough liard work by the CEO. diligen¢e of Ilie 51aff and Tivsiees. li has bee11 iicces%try foi. sta*fin¥ zdjusimenis to be niade throiighoiil tliis period however change% made have supported %U51ainabilily raili¢r Ilian reduction in delivery. Advice from our CEO and timely work by the treasurer has ensured the Lonliniicd slabiliiy of the Trusi. Wliilsi the Triisl is financially stable, il cannoi be ignored that the positEon of Scunihorpe United within the English Football League IEFLI duri11g 11115 reporiiiig period ha5 Impacied iii the funding profile Relegation lo the Natioiial League aiid further i'eleg#iioi) lo Ilie Naiioiial League North iii May 2023 now leaves tlie Trust totally outside the EFL for the first iinie and Iliercloie we do not receive Ihe saine level ol core lunding iior ihe support that 15 available. for exan)ple, with the CCOP a5 disciissed above. Prudeiit measui'c5 in boili stalI]g and expeiiditure this year have mitigated aiiy financial 105ses aiid dis¢ussioiis are always oiigoing as lo otlier iiieasures Ihe Trust niighi take 10 ei)sure Iniiiimal disrnption to our delivery and rcpulation wiiliiii ilie comimuiiily. Furthei-niore, despiie anotheT relegation, tt lias been lieartenino to witne5S that our CEO has iiol beeii excluded by Ilie EFL ioially aiid inv51es lo coiiference5 and workshops have continued, I think thi5 demonstrates our slaiid111g wiiliiii Ilie EFL and I personolly would like to thank our CEO and Staff, as this is down to Ilieir repiitation within the ()lnL,1.8hi1Tr cliangLs al Sb'F(-. havc 3190 bLLn the Triisl moving inio new preiseS away fi'om the stadium for the very first time. aiioil)L'l' iiiaJoi- Ihaiibyc 111 3 iurbuleiii seasoii foi- the club. liowe¥'¢i- we arc commiiied 10 haviiig a meaningfijl and effective Page 2
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Trustees, Report Fitially. I IVOLild like Iv exiend Iny person<11 thanks lo everyone who conliniie 10 5llPPOrt the Trust. My Fellow Trustees, with their coiiliiiuLd Lxpcnise. 10 thc coinmiited and brilliant staff l¢ani ivho have rcally had 10 ¢hange operational delivery IhroiiglioLiI Ihe ye3r of chl< iige at Il)e cliib and lo our CEO i%,ho has ensiired partiiers aiid our cominurity remaiiied the priority aiid 10 oiir eoiiiiiiiitiily of seliools, colleges, paitiiers aiTrd youiig people wlio liave slu¢k witli us Ihroughoui t1115 tin)e aiid have beei) pai'l ol. ai)oilier siicce5sful year for Il)e Trust. ObjL%ttive5 and attivities Thc Tru.s1 u%e% Ilie pomei. ol. %poi-I 10 111%118die po.siiive chaiige aiid ouicome 10 Iliausands of people iviihiD ihe local coiiimuiiiiy. We wni'k closelj ii'iih Ilie fooiball club, SLhools, the local auiliorily and like-iiiinded organisalions aiid we have ai) open mind Our %lr3tegy reflects Ihe iieeds of our cominuiiiiy and our experieiice of where we are able to make the biggest positive ouIL(>1IILS. OLir IlietnLS of woi-k and definition of are.. 'I'o bL £1 Ic¥d pi-vvidLr of spoil oppoiiunilies, priinarily fooiball, within our coinmurity. includi118 schools. To take ei'ery opporiuniiy 10 embed Ihe feelii)g of a positive physical, menial and social wellbeing across all prograinines, Fduc<ilioii-. DLlivir eduLalioii diid training programines, supporting colleges and young people 10 reach their potential aiid deliver with exLellenLe Inclusion.. To iii.%pii'c and crcait oppoitLinilies for disadvaiiiaged members of oui coinmuiiily proiMoiin8 a sense of beloiiging and Pariicipalion IiLiinbcis- Iherc wcrc i500 ui)iquL participaiils NCS parlicipaiioii tiiiiiibcrs were 255 Suininer l OnD/u of conlraci and 33 Autuinii l OOQ/o of coiirraci F.duLa11011 partlLipaiioii iiunTrbers were 40 studeiit5 011 our football scholar511ip studyiiig 2 NCFE Level 3 qualification. We also lTrad 5-dcgi-fL sliide111s. liaviiig siicccssfiilly coinpleied the ¢olIe. This number continues to be slablE and 15 proving a POPLilc1f ¢ilteimaliv¢ wTih FE and HE student5 0111 sifcTrlC¥y wilh ubjLCliVeS as below. will be devtltsped, in iem)s of perfomiance as indeed sadly SUFC were relegated from Ihc LFL dnd Ilie l-i-ust nu%v cnlei's an unknown era, we will aiin to-. 2. C'rcaie iiiorc opporiun111e% for our Cominuniiy. tliroii81i identification of addiiional funding stream5 3. Develop our cducaiioii programii)e in partiiersliip with Norili Liiicolnshire FE Collegcs {tlierc lias beeii significalll clianges In MaiiagLllILliI of (iur partncr college and at this sla¥¢ we do not know the total impact that th15 will Iiav¢ but COliiinu¢d In ionsidci'alii)n vf all tlit exiernal factors the agreed nutnber ol KPI'S which cover all eKlSting ptogramrnes fliictuated IhioLiglioLlI IhL ycai- and li is reslainent 10 all staff that operation311y we coniinued to deliver across our themes.
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sport5 & Education Trust Trustees, Report Piiblic beiiejil The Ini.%iees confirin Ihal they have Coinplied with the requireinents of sectioii 17 of the Charitie8 Act 201 I to have due regard lo Ilie public beiiefil guidaiicc publislied by tl)e Cliariry Coinniis510n for Eiiglaiid and Wales. Ive ill'e plca%¢cl to bL able 10 repoi1 thai the Trust coiiiiiiue5 to actively seek c2Pltal and revenue gtanl appli¢ation with partner5 Tlic %iaif aiid NiaiiJ4ciiieni al-e now settled iiilo tl)e iiew preniises and operatioi)s from Ihere ale goiiig very well. We Li)iiliiiiie ID ciisure we balaiiLe grant OPPOrtuniiies with our objectives. and we will Continue lo give sustainability of tlie Triisl £l pi'iority. any ftItllTe grant <ipplicaiions demon5traie our cominitinent to seek and develop our themes. It is i'il¢1S that posilifve ouicoines that the Trust seeks across all themes fire represented in any gtani 8ppli¢aiions in the future. 'l-li¢ l-ru%i 15 curreiiily workitig with aiiotheT or8aiiisation that may support funher education developineiils at the Trnsl iii the U.iÈ i)f v(Jliinteer.¥ Voluiiieei- pai'licipalion is both rewardEiig lo th¢ Trust ond 10 the voluiiteer. lii pÈrticular our thank5 go 10 those who have %upi)oried Ilie NCS PlO&Tranime this year a5 11 was very diff¢Tenl, we ¢aniiot Ineasure their coiitribulion in tems of the accounts bul equally recognise the part they play iii ihe Trusts successes. Page 4
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sport5 & Education Trust Tru5tees' Report A¢hiLivements atid perlorm41nce rin%n£i#l rt¥ieii' 'I'lie '] I'usiecs liaie agi'etd Ih¢il Ilie Trii.%i %hould eliablish aiid inJinldili a free Igenei'al re5¢rvel 5uffi¢ient 10 covei the Ttusis plaiiiied ¢xpei)diiui-c foi- ai Ia51 J moiiilis thus ensuriiig if il ever became iiece5sary, lo ¢oiiducl an orderly reduction or wind duivii of operaiiai)s, if Ille inajor sources of iiicome weie reduced 10 a level below which it was no longer practicably possible Tlie ILkel of free reserves ai June 2023 wa5 £963.218, including £4.411 wliieh can only be realised by disposing of tangible 'I'IIL 'friislS LiniesiriLtcd reserves arc iepresentcd by either cash in the bank or in hand. EliidLJcI Revic%v Policy-. "I'ht use of i"eserve% and subsequeiil inlpaci on Ilie above policy will be reviewed and approved by the Boai'd of Trustees. Any use of Ihe reserves will iiced a iobusi business case subiiiitled 10 the Board loi approval. Shortfall Policy.. TIIL B(iard Mrill In()Iiilui- shr)rifall of i-escrvc5 11)uiiilily wilh particular rcference lo the current risk register. Ilie ceTht budget EXLCSS and Spcnd PoliLy'. Tlic B()ard will coii.bidLI' I'cscrvc% cxpeiidiluir il Ihc reserves policy has bcen met. Tlie businc55 casc inusi be approved by ihc IA% Il)i% year Ilie lei'el of reser>es has beeii Inei the Board are looking 81 opportunitie% that the Trust may wish to invest in, see lrtiJÉsliiieJYf policji nbjeciives Thc l¢i'el of cash rese1.eS does 1101 I'equire a coinplex iiivesimelll policy. The Treasurer will advise the Board of possible %ui12ble Iiiiiesiinciii opporiuiiiiie5, 8 vote of the full board would agree to any pi-oposals. The Board l?ad previously committed 10 3 ¥1'aiii appliLaiioii Ii'iili pai'iiier aiid that rcquired ali invesiincnl of É 250k this did iiot maieriali5e aiid some of this allocated rcs¢r'e Ivas diveried 10 SLlPPOrt ihc niove 10 a new 'hoiiie'. The TrLESt will allocate any uiispeni froin 250k foi aiiy future granl -rruslL'cs offEcers TliL Iru.416Lb Jiid ()fiiLLi% serving duriiig ilie year aiid since tlie year end We as follows.. Tnislee5". L Butler, IAc¢ountantl A Martiii. (Grani Advisor) A Grice (Resigned 6 Augiisl 20221 A Khan, (Sport Developmeni Officer) M MLCartl)y. ICJove1Jnee Trnisteel A Saunderson, (Funding Partnership oificeil C Muniby. IFootb311 Secretary) lappoinied 30 Deceinber 2022 and resigned 15 June 202.31 Pa8e 5
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Seunthorpe United FC Community Sports & Education Trust Trustees, Report Structure, governaiice m#Th#gemeiit Sciiniliorpt L'iiiied Spoi-15 nd F.dii¢aiioii Tw.51 is a Cliarilable Coinpany liniiied by guaraiilee. Company Nurnber 06570835 Tlic ioiiipaiiy was Lsiablisli¢d iiiidei. a Meii)oraiidiiin of Association which esiablislied Ihe objects aiid powers of the cliaritable L()iiipaiiy aild 1% ¥oi'enied by its AriiLlcs of AssoLiation. R¢Lriiiliii¢iii diid ¢ippi)iFtinseiii of triisiee.* -Flic ciirreiii Tru51eLS are li51cd on pagc l. Trustee5 are rccruiied according 10 their experieiice, ski115 and kiiowledge. Tlie Ti'u%l IIIU51 have 1¢ I leasi 3 Tru51ees %eri'e al aiiy one lime. There 15 no maxiinum limil on the number of Trustees, however IIIL Ti'iisiee% beliei'e Ilie nplimiim IiLiiiib¢i wi)iild be no more tlian 8 Twstees. In Ilie year of the 2022-2023 no new Trustees have been appoinied, lothei. Ihan Ihe changc of personnel diie 10 changes al SUFC.. SU'FC always have a Ininimuin of onL TrLlStee on our Boaidl however Tn15tees conlinLie lo havc an area of expeni5e to SUI)port Iht Trust d¢velgpin¢nl and Ihcir knowlcd8e Is pul lo besi usc for Ihe Trust. All Irusiees are miiidtiil of the iieed5 of Ilie charity aiid should a i)ew Irusiee be prop05¢d, Ilie Safer recruitinent proces5 would be liillowed. Trusl¢e% are Irquired 10 disclose aiiy ¢onfticls of iniere5t aiid witlidraw froin any decisioii if tliis arises. Pai-l c¥l- oui- Article% siaie Iliai niusi ha.¢ a club iepreseiilaiitre oil the Trusi board, $0 Ihi5 1% ,hY ive hav¢ had Tmsiees rcsig¥11151g aiid llew Tru.%lccs appoinlcd We ai-¢ 21ib.ays lookiiig for lic Trustce5 bul its inipoiiani tliey believe in the Trusts alul. 311d aiiiis. aiid iiiusi briiiLY a soiiic skill scl lo Il)e board. Traiiiing aiid advice 15 offered 10 Trustees and all members of the Tlie p8y policy tor Ihe CEO Iseiiitsr Maiiagenieiirl 1% reviewed aniiually and normally Isubje¢i 10 achievements, financial and pllysicali iiicr¢d%ed in accordance iviili ai'¢rage eaniings. Qpei'aiing Leads liave Ilieii. pay reviewed anniially durinx tlie employee review. I'riislL'L8 agieL ljay ri5¢% In aLLOI'danLe io KPI'% and exceeding of target5. Tht Trust opeiates a discreiionary anniial bonus scheme, which is also depen(lant of the Tn15ts' finan¢i21 stability. TIIL 'Fri11 Is vversLLn by J board of TnislL'cs who hii ve bccn 5¢1ecied for Iheir individual areas of expertise tliat they ¢an bring 10 the Triisl and 5I5PPOn ¢inLI are an advisory role to the Chicf ExeLLliiV¢ Officcr ICEOI, Ihc Trusi on a day to day b8SlS, 15 m8nagcd by this role. Al'c&5 of work wiihiii Ilie Iheines are nianaged by desigiiaied staff roles. Our ¢urreiil 51iuciiire is as beloi¥. as ai Julie 2023. Page 6
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Tru5tets' Report ONrdlyTruslots EdscaEIOhLd NCS Lèad Indu?hl4d PCIFtsch)o&Lea¢J NQSWJvé*adei? l£aSukisuft casu((4 iintEvfs ThL' Trti%lccs IMeel al Ica5t quarterly to review the perfortnance of the Trust and Collsider staff ¢hange5 in linc with emerging RelRtion%hips Wlth related parties ScuTrthorpe Unittd Football Club The Trusl sin¢e Il% Inctption has liad an excellent relationship with the club whilst being a loially independent and separate enlily. Sadly. for Ihe first time in our history the Trusi and Club faced very severe challenges. The club has a representative on the Board and Ihere have been, over the years inany examples of working in unison with the club, this year however has seen a dr<iiiialic %hift laig7cly duc lo the club rclegaiion and ownership issue5. The PFA player ambassador scheme Is an example of Ihe immediaie impact of relegation. we used first team pl8yer5 to support a number of our projects, team players are a fitje exJn)ple and role mode15 10 local youngslers regularly attending trust evenis, this and core funding 15 no longer alforded to the Tru51. how'evcr. Ihi% has iiol stopped the Trust in it5 endeavour 10 ensure players can continue to be prornoted as role models Iviiliin Ihe delivery ol. Ihc aclivilie%. Ownership of SUFC continued throughout this reporting period to be uncertaill and their placc OD our Board wa% noi alway5 fulfilled. The Trust remains ¢ommilted to ensuring tlie relationship between the Trusi and Club is healihy and stable We havc fJ¢ed difficulties bom out of the sale of Ihe club and under new ownership we were faccd with the reality ofevtciioii froin Glanford Park. This siluaiion proinpied the CEO to look al aliemalive suitable venues, the proposal 10 move to Appleby Frodingham Sport5 and Social Club wa5 agreed by the Board and monics were allocated to develop the facilities so that all our main operations Could be delivered from there. The Trustees remain hopeful thai a better relationship will develop in the not too distant future if and wlien ownership is seitled. Additionally. Ilie Trusl redesigned ihe operating Logo and re-branded the Tnisi as The Iron Foundation . this still maintains allc¥iilnce l() Ihe club (known as The Iron) bul also demonstrales the new Chapter for u5 as a TnJ5t. now to be refcrred to as The Faiin(la110n in fiilure r¢purts. The Tru51e¢b and CEO Ideniily and review bus1ne%s and operational risks and there is a risk assessmenl which identifies any impacts ol. any risk and then advi5¢s of Ihe Step to mitigate the risks. Page 7
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Trustees, Report Prtncip#l Risks anil bncertaiDtv .VajiJr i'i.¥k.F Iiidiiog•1l#lI1 ipf flr(PJg YEsks Tlic los% of a iegulai. tliiidiiig slreaim iiould meaii Ihe ce5s81ion of 11)e acliviiy there Inay be a tiine delay to actually save Ihe L()%1 ofdny %uclI 1055es. It is ci-itical tlial Ilie Trusl eiideai'oui3 10 protect the revenue that ContribleS lo fixed costs. Naiioiial policy and fuiiding frotn the widel- fooiball faiiiily is also dependaiit on the league position olSUFC, now Chaiioe% 10 4 relegated 10 Tiei 6 looiball for Ihe very fir81 tinie. IA £35,000 loss in this reportiiig period had to be miiigztedl .mploi'menl of dis%bled persons ThL' Ti'ii%l Iq ii)T111niiicd 10 be an cqual oppi>i-luiiiiies cinployer. Eniployee involi'ement It Is thc Ti-u%lS puliLy io keep all employees iiilormed of th¢ Ttusts development Employees ale encoiiiaged lo contribiile thcir Idca% Iiiid Iht Trtisi has Einployee Reviews annually. Training aiid per5011al development ¢ao be discussed at these ineetings. Fundraistn¥ Dui'iiiv 1115% ycar IhLre lias been Itss activity in applying for grants, Iliis area of activity is increasingly Inore difficuli in the Emplo%ce5 -rhe Tru%lces r¢Logni5C tlie huge contribuiion thal salai'i¢d siaff make in en5ul.ing coniinued developinenl and success and wish 10 exieiid Ilieir gratitude and appreciation of tlieir hard Vvork, particularly in a year of uiiprecedented piessure aiid c0115tanl chaiigye. $1'55ional Casual Coaches 'riiL -Friislceb feLLl¥lllSC 'lIhoUl the ¢oininittnenl by this group many dCtivit1¢5 would not be able to be delivered and See thi5 ¥roiip a.4 iiivaliiJble lo Ihc sil%tdiiiability ofilie Trust so wisli to exl¢nd oiir thanks lo Ihein. F.nvironmenl 'l-hc I'i'iist is Lvmmitted 10 Lompliance and best practice in all aspcLt5 of the biisines5 that will contribute to pioiecling and prcserving the ell1rninCll1. Sal'cguari5itLg Within our CCOP wc wcre subject lo a rigorous assessineni of our safeguarding Policy and proc¢dure5. We were deeined to lidvc iiiei all Ilic sJfeguardiiig ¥ti7iidard5 and aiiy areas ol weaknebs wc addressed immediately then lollowed by anotlier 5SL'%sinLiil. DLspilL rLlegaiioii aiid Ilie loss of Ihc CCOP to us Ilic Tnisl will remain coinmitied to achieving acioss the J5SLS4IIILllI tliem¢b and will work with our consuliants lo ensiire tliai safegiiarding reinains a higli prioriiy witliin the Tnist. .1 vf aLLoiinldbility fui th¢ Triisl is erY high while we work wilh high voliimes of children and young pcople. The -rhL IL>VL Trust rei)iain5 cvIMiiiittcLI lo be rLadv for any change in i-lsks Ihat oiir participant5 Inay fac¢. We will ensure siaff are up to datc youiig people aiid those m051 vultierable. RelcL)aiii?ii alla),$ ilian¥i.4 the l()01blI1 fainil J foi the TIu51 bui safeguai'ding practices will coniinue 10 Ilie highest standard and Page 8
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United rc Community Sports & Education Trust Trustees, Report Q ri,dilor pai'mciil pTrlici' siippli¢is reLogllisin¥ Lash flow Issiie, il is the policy to pay in fiill ot] ieLeipl of good i'eceivcd. Sm211 companies provision stlltetneot I'hi.b I'epon has been piepared in accordance W'ith Ihe sinall companies reginie under tlie Con)paiiies Aci 2006. irtnLial I'LI)orl Iiicorpvrnlin4 a Dir¢Liors Rcpori. w'as approvcd by Ihc IrusieL5 of Ihe charily. as the coinpany diTe¢iors. on I :. Vai-lh 211)4 <ln(1 signLd on Ils behalf by-. Sc1iindeison Triislce Page 9
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Seuntliorpe United FC Cornmunity Sports & Education Trust Indepeiident F.iaminer's Report Éo the trustees of Seunthorpe United FC Community Sports & Ediication Trust I'the Companv,) I repori lo the c17al} Iruslees oil niy exainiiialion of the a¢eounls of the Compaiiy for rlie year tiided 30 June 2023. RospTriisibilitie5 artd hasis of report Ilii Lliariiy s tiii.qlcc% of Ilie Coinpanv land al%0 ils direciors for tlie purposes of conipany lawl you are responsible for tlie prLparalion of Ihe a¢couiils in accordance with tlie requireineiits of the Coimpanies Acl 20061'ilie 2006 Act'l. H£iiing .4ali%fiLd Iny%Lif Ih<11 IIIL aLcoiinls of Ilie Conipuiiy al'e nol requii-ed 10 be audited uiider Pari 16 of tlic 2006 Act dnd are eLllI)n 145 uf Ihc Chariiics ALI 2011 I'tlie 201 l A¢l'l. In carrying out Iny examination I have lollowed the Directions given by Ihc ('liarity Commission iindcr stction 145lillbl ol the 2011 Act. Independent exam5tLL'f's 5tatemont Siiicc tlie Q0111paiiy'% gr05$ Inconie exceeded £250,000 your examiiier mosi be a mernber of a body listed iii 5etiion 145 of the Q I I kl¢i. I coiitiriii Ihal l aiii qualified to under¢ake the exainination because l an) a nieinbei of ICAEW, whi¢li is one of tlie Tivin&p Ine cJu%c 10 believe.. aicoui)iiiig I'¢Loi'd% wc1-e i)i)I kei)I In respeci of Scuiiillorpe U'i)Iied FC Coiiiiiiunity Spons & Education Trust as required Ilie accouiiis do iioi coinply willi the accouiiling requirements of seclioii 396 of Ilie 2006 Act other Ihaii aiiy requireineni Ilial Ilie accouiils give a 'tme and fair view, whicli is iiot a mailer considered as pari of an indepeiidtiil exaiiii1iaiioiI', Or 4. Ilie 1< ccouii1% liave noi bccn prepared In accordance willi tlie nieihods and principles of the Statement of R¢coinmended Pr8Liice foi. aLcoiiniing and reporting by charities lapplicablc to ¢h2ri(ies preparing IheiT accoiinls in aciordance with the Financial Reponing Standard applicable in Ihe UK 2nd Republic of Ireland (FRS 102)]. I liav¢ iiii coii¢eiMs and liave come across no oiher i)iaiters in ¢oiineclioii with the examillatioii to wliicli alteniion should be dr4111) Iii Iliis report iiTr order to eiiable a proper uiidersiai)ding of the accounts to be reached. DOBuSn¢d by.. BDAEC37P172748E Cari'ie Ai)iie Jeiisen ACA ICAEII, 26 Souili Si. Mary's Gale Nnrili 51 Lincoln%l)Ire DN.31 ILW Page 10
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Sciinthorpe United FC Community Sport5 & Education Trust Statement of Financial ActiviÉies for the Year Ended 30 June 2023 (Including Incorne and Expenditure Account #nd Statement of Total Reeognised Gains and Losses) Restrlcted Total lund$ 2023 Unrestriettd funds Note InL(>me and F.ndoivmertls frorD: 440,693 51,890 1,860 440,693 51,890 1,860 494,443 494,443 Expenditure on.. 1280,3591 (144,3881 1280,3591 1148,8221 Oihti. expcndiiurc 14,4341 1424.7471 14,4341 69.69CI 14.4341 65,262 69,696 14.4341 65,?62 Reconciliation pr funds Tnlal fuiid.s biDLiglii foiward 893,522 4.434 897,956 "I"olal lunds Cci tri¢d fonvai"d 17 963,218 963,218 Total 21J22 Unj-estricted fund5 Restricted fund$ INote Inconie aiid Endoivments (rom.. 516,967 45,004 39 7,968 524.935 45,004 39 Total InLoiiie 562,010 7,968 569,978 E%penditure on- (321.8391 1136,9681 13,5341 (325.3731 (136,9681 nilicr txpeiidituie 1458,8071 (3,5341 462,3411 103.203 4,434 107,637 103,203 4,434 107,637 RecoDLiliatiun vl. fiilld5 Total fuiid5 bi"ought fonvai'd 790,319 790,319 Total fuiids cai'i'ied forward 17 893,522 4.434 897,956 Tlie nole5 on pages 14 10 21 fomi an iniegral parl of these financial 51aieinents. Page 11
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scuntliorpe United FC Community Sports & Education Trust (Registration number: 06570835) Balance Sheet as at 30 June 2023 2023 2022 Fixed assets 4,411 6,879 Currl'nl asset5 l)Lbiors Cash 91 baiik aiid in liaiid 14 22,880 941,950 32,991 975,414 964,830 1,008,405 Creditors.. Amourtts falling due iiithin year 16,0231 1117,3281 'el currellt as5etS 958,807 891,077 963,218 897,956 'tl llssels RestriclL'd income I'uiids Re%iricled flind% 4,434 Unrestriited in¢(>me funds Linie511'iLILd flind5 963,218 893,522 897.956 -rot#1 fuE)d5 963,218 For the Iiii¢ll)cial year ending 30 lune 20?3 the eharity was entitled to exemption from audit under section 477 of the (.'oiiipaiiie% Act 2006 rel81iiig 10 %niall coiiipanies. DircLlors' rcsponsibiliiies.. Tlie imeinbcrs liove not rcquired Ilic cliariiy 10 obiain an audii of its aecounls for the year in question iii accordance witli .Ecciion 476., aiid 'rhL dii"tLlvrs aLknowledge Ihcir responsibiliti¢$ for complying with the ieqiiiremenls of the Act with respect lo accounting I¢Lords and Ihc prepai-alivn of 8ccounts. Tlicsc fiiiancial slalcineiits have been prepared in accordance with the special provision5 relaiiiig 10 companie5 5ubje¢i to the IDJII ioinpaiiie% rcgiime wiiliiii Pdlt 15 ofilic Companic5 ALI 2006. -l-lic tiiia11cial siaieiiieiii.$ 01) pages I I lo ? I were cippro¥td bv Ihe trLisiee%, aiid auihoi-ised for issue on 12 Mar¢h 2024 aiid L Butler Coinpany secrclary and rrusiee A Sauiidei'soii Trusiec Thc nole5 on page5 14 10 21 fomi an integral part of these financidl statements. Page 12
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Statement of Cash Floivs for the Year Ended 30 June 2023 2023 2022 c.ash flos from operating aLttVLties Ncl inconie 65,262 107,637 ,IdjiJ%lm£nt5 to C47sh fl011'5 froE]i non-ca5h iltm5 3,468 11,8601 3,685 1391 13,8231 66.870 107,460 Workin% Lapital 2djustiMeDts I)LLrLase in dLbror5 IDeci'ea5eliiiicreast in creditors ID¢creascl1i1i¢re8.e iii deferred Incoiiie 14 3,254 6,027 19,852 14,4561 (106,8491 34,3241 136,593 CA5h noii's froni ini'¢8lillg a¢ti%'ities 1.860 I 1,0001 39 Salc of Idngible fixLd assets ¢1 eash floiv% froni inve%iiiis a¢tiviiies 12,650 860 12,689 I Idecreasellintrease iii casli and cash equivalenis 133,4641 975,414 149,282 Lash aiid cash equivalenis ai l July 826,132 941,950 975,414 Tli¢ nvlLS on i)jigLS 14 1(1 21 forin an integr%1 Piirt of tlie5t financial $ialeiMenis. Page 13
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF
Scuntliorpe United FC Cornmunity Sports & Edueation Trust
Notes to the Financial Statements for the Year Ended 30 June 2023
I Charrli, 5tatui
I'IIL ili
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF 5cunthorpe United FC Community Sports & Education Trust Notes to the Financial St8tements for the Year Ended 30 June 2023 .%PL'riditllre dlloiJicd oil Ilie poriion vl- Ihe as5¢1 % use. Other buppoi-l Eosts ai-¢ allocaied based oil the spiead ol'slaff cost5. Support costs Siipp()rt cosis iiTrelLide cciilriil fuiiciiong and liaNe beeii allocaied 10 activity C051 categories on a basis COllSlStent willi Ihe use of rL%()iirce5. foi. CX¢iiiiplc. llocati11¥ propei1y Losis by floor areas, or per capita, staff ¢osis by the tinie spent and other ¢ost5 by Goi ernanL¢ C(b£15 Flii4L InLILidL IIIL cvs15 Iti'ibulcible 10 the Charity's ¢oinpliance wilh consiiiulional and statutory requirements including Iiidcptiidciil exJiiiitialioii. 5traiegic iiiaiiageineiil and tnislee's Ineeliiigs and reiinburstd expeiises. T4xati(In TIIC Lliai'iiy Is cotisidcred 10 p25s Ilie iesis sel out Iii Paragrapli I Schedulc 6 01 tlie Finaiice Act 2010 aiid Iliercfore li nictls tlie dcfiiiitioii of a eh3riiablc ¢onipaiiy foi- UK corporatioii tax purposes. Accordiiigly, Ilie cliarity is poteiitially exeinpl from Ill xalioii Iii rcspccl of iiicoin¥ or capiial gains received witliin categorits covercd by Chapter 3 Parl I l of the Corporation Ta¥ ALI ?010 i)1 SLLlioii 256 of Ilic Taxaiion of Chargeable Gdins A¢1 1992. 10 the exleni that such income or gains 8re applied Asset LI#ss C.'01Mpuier F.quipnient Depre¢i2tion method and rate 20ll/ts oil a strdighi line basis Trade debtors 'rrtidL dLbivrs ai'L aiiioiiiils due Frotn Ciisioniers for merchaiidise sold or services perforn)ed in the ordinary course of business. -l-rade debtors ale recogiii%ed iiiilially al the Iransaclioi) price. A provision for tlie iinpairmenl of trade debtors is e51ablislied .lieii IhLr¢ 1.% objeciiie evideiice thai Ihe chaiily will iiol be able to collect all aniouni% due aicordiiig to the onginal ietms of Ihc rLLLivable%. Casli and casli ¢qulv14 lents rL41dily LonKiertible 10 a known ainuuni of cash and are subject lo an insigDifie2L nl risk of change in valiie. Trade ered5tors Ti-ddL ci'cdiiors ai'c obligalions lo pay for goods or seivices Ihal have beeii acquired In the ordiiiary course of business from IhL r¢poi'1111o pei-iod. 10 defer %eitleiiieiii ol- Ilie ciediior for ai leasl Nvelve iiionihs after the reportlllg dale. if there is an rllrtd 5tructiirc UnrcsliiLicd fund5 can bc used in accordance wilh the charitable objectives al the discrclion of the trustees. Page 15
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scuntliorpe United FC Community Sports & Education Trust Notes to the F inancial Statement5 for the Year Ended 30 June 2023 RiSlI-ILILd fLiiids Lan i)nlv hL Il&Ld flir P11 rliLiilÉll' I'LsIY1Lied piirposes within the objects of the Lharily. R¢siriLtions arise when Fiiriher explaiiation of the iiature aiid pury)ose ofea¢li fuiid is iiicluded in tlie noies 10 Ilie filiancial stateinenis Ilire pur£liase 2nd fsnanct lease5 Pcn%ions gnd Dlhcr po$1 retirtm¢nt obligatiot15 'riic chEII-Iliiblc coiiipaiiv opcr¢iies a defiiicd coiiliibutioii pensioii s¢henic. Contribu110115 payable to iht charitable company's peiisioii scheiiie are chai-ged 10 Ilie Siaieimenl of. Finaiicial Activities in the period to which they relate. -1 Income (J'om donAtion$ 8nd legaties Unrestricted runds Other Tot21 2023 Total 2022 25,693 41.%.000 60,161 464.774 41.5,000 440,693 440,693 524,935 4 11)comc from other trading activitits Unrestricted futlds Other Total funds Total 2022 pp, 41,132 41,132 36,978 3,991 4,035 45,004 Oili¢r Iradiiig ii)¢oMc 10,758 10,758 51,890 51,890 Page 16
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Yotes to the Financial Statements for the Year Ended 30 June 2023 5 1iii'L'stment incom Unre5tricied funds Othcr Total 2023 Total 2022 Inlcresi rcLeivablc and siinilar inLoine: iilei-esi receivable on balth deposi15 1.860 1,860 39 6 Expenditure on raising fuDd$ al ()ther ci)Sts of gL'nerating di)natiThns aDd legacies Unrestrieted furtd5 Other Restricted funds Total funds l.egal fees 2,086 278,273 2,086 278.273 280,359 TotAI frjr 2023 280,359 'rotal for 2022 321,839 3,534 325,373 Total ¢ostS 7 Other expenditure Unrestricted funds Other Restricted funds Total 202.1 Total 2022 Note 3,46 140.920 3.46 145,354 3,685 133,283 AlloLaieJ %iipp(Iri Lo%t 4,434 144,388 4,434 148,822 136,968 Page 17
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Notes to the Financial Statements for the Year Ended 30 June 2023 11 Anglvsi$ of support costs Sijpport COSts llllocated to raising lund5 Goverrtance costs Total funds Staff ¢0st5 Ci)il% r)r ¥ene1'Giiiiig (Iciiiaiions aiid legacies 2,086 278,273 280,359 278,273 280,359 011 t'or In23 2,086 olal 101. 2(122 1,942 323,431 32i.373 Siipporl Costs alloi#ted to ch¥rirable g¢tii'itie5 Other support £ost5 TotAI fund$ Oilier %upporl Cts.%l.S 148,822 148,822 'I'ot41 for 21)22 136,968 136,968 9 Nel incomingloutgoine rtsour¢e$ 2023 2Q22 Operaiiiig lcases - oiher assets 13.506 2,085 1,842 13,8231 3,685 Pi-ofii on disposal of tangible fixed assets D¢preciaiioii ul fixed assets 3,468 111 -J-ru.stL'CI I'L.munirati(>n and iixpense5 '(] tIllSlLLS. rTroi- ank. pcrsuns conncclc(I with Ihein, have re¢eivcd any reinuneration froni the Chariiy during the year. a r11151e¢% liavc ie¢cived aiiy reimbiirscd expeiiscs 01 any other beiiefils Ironi Ihe charity during the yeai.. I I Staff Lv$ts I'lie dBgrc¥ate Pdyroll c0515 were as follows.. 2023 2022 Stat-I'Losts during the lear ivere.. Waqes and salaries 245,316 20,652 12,305 278,273 293,554 21,220 8,657 323,431 T11e iiionilily average number of person5 lintluding senior illanageinent I leadership l¢am} employed by the charity during tlie y¢ar was as follows.. Pzgc 18
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Seunthorpe United FC Community Sports & Education Trust Notes to the Financial Statements for the Year Ended 30 June 2023 2023 No 2022 21 A verag¥e iiuinber of einployees No ciiiployee reccived einoluiiiciils of Inore t112n £60,000 during the year. -hL ioial cniplu?-e¢ l)eiielil% of Ibe key Inaiia¥)e171eiii persoiinel of Ilie chai'iiy were £161,2601?022 £155,473). 12 Ta%Ali(>n '1'l)c iliai-lly is a rL¥i5t¢iid Lhariiy and itb aLlivities are exeinpl fi'oin taxation. 13 Tangible fr%ed assets CoTllPUter equipment Total Cos1 Ai l Jiily 2022 AdditiDIis 16.506 1.000 16.506 1,000 AI 311 ILinc 2023 17,506 17,506 Depreciation Ai l Jiily 2022 ChJr¥L fui. Ihc ye&r 1 30 lui)e 702.3 9.627 3,468 9,627 3,468 13,095 13.095 el b()uk i'alue 4.411 4,411 AI 30 June 2022 6,879 6,879 14 D¢htors 2023 2022 32.991 PILpayinLiils 22,880 15 creditors.. amounts fiilling due )%ithin one }'ear 2023 2022 Tra(le ¢iediiors SoLial s¢curily aiid oihcr taxes ALLrud15 aiid (ILferi'Ld incoiiie 1,262 4,470 2,759 10,099 3,250 6,023 117,328 Page 19
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & EducAtion Trust Notes to the Financial Statements for the Year Ended 30 June 2023 2023 2022 Deferred Iiicoiiic al l July 2n2? Rcsoui'bcs dcfen-LcI in the period Aniouni% reled.%ed fionl PlEI'iOUS periods 1105.4591 188,4471 {105,4591 88,447 105,459 DLfcrr¢d inconic al ycar ciid 1105,4591 16 Obligations under leases and hire purcliase Coiitracts Operatstag lease commltmeNts Total fLItUlE niiiiiniuin lease paymeiits under non-caiicellable operating leases are a5 follows.. 2023 2022 10,308 21,284 31,592 8,642 10,594 Burween onc and five yeai 19,236 17 F-uTrds Btslance at I July 2022 Incomine re$our¢es Resour¢e$ tipendcd Balance at 30 June 2023 L nre5tri¢tL'd Iiinds 893,522 494,443 14?4,7471 963,218 Ileslricied fund$ 4,434 14.4341 Total funds 897,956 494,443 1429,1811 963,218 Balance at I July 2021 Incoming resource$ Resources ¢xpended Balan¢c at 3 June 2022 Uiii'e5tricted t'unds tieiitral tuiid 790,319 562,010 (458,8071 13,534) 893,522 RestriLted funds 7,968 4,434 ut#1 fund5 790,319 569,978 1462,3411 897,956 Page 20
Docusign En¥ÈlopÈ ID". 433DDB8A-FAA34961-83AF-505184C943DF Scunthorpe United FC Community Sports & Education Trust Notes to the Financial Statements for the Year Ended 30 June 2023 18 itt1al}'sis ()f net a55et.% betveen fund5 Unrestrict¢d funds Cieii¢rAI Total lunds at 30 June 2023 4,411 964.830 16,0231 963,218 ()64.83n 16,0231 963,218 Unre$tric¢ed furbds Gert¢ral Total futlds at 30June 2022 Restrictcd funds Tangible lixed assets 6.879 i.fl()3,971 6,879 1,008,405 4,434 893,522 4,434 897,956 IY ilnali'$is ol. nel funds Financing cash tlow$ At 30 Jun¢ 2023 At l July 2022 Cash £11 bank an(1 In htind 975,414 133,4641 133,4(141 941,950 ei dLbi 975,414 941.950 At 30 June 2022 FiDallcitkg ta5h floiv5 At l July 2U21 Ca.¥h al bank aiid In hand 826.132 149,282 975.414 i ei debi 826,132 149,282 975,414 20 Related pgrtw traDi#ttions DuriiiBT Ihc yC<ir the Lhariiy Inade tlic following Felaied party Iransa¢tions'. Ir5 1. Butlcr Diiriiig Ilie yeai- Iliere liave beeii purcliases made of £7,20012022.. £6,100). Al the balance sheet dale the amount due lolfrom Mr% L Butler was LN. Il 12a22 - £Nill. Ir.4 M3J'tLtI DLlI-In¥J Ihc YL r Ihci"t have been PillLh&ses ml£ de of £14,400 {2022.. £14,400). Al the balance sheet date the amoiini due to MT A Vartin W¢75 L l ?0012022 _ £1,200). Page21