Company registration number: 05090173
Charity registration number.. 1107343
Crystal Palace Community Trust Limited
IA company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 ORB

Crystal Palace Community Trust Limited
Contents
Reference and Administrative Delails
Trustees, Report
2tolO
statement of Trustees, Responsibilitie5
li
Independent Auditors, Report
12to15
Statement of Financial Actlvities
16to17
Balance Sheet
18
Statement of Cash Flows
19
Notes to the Financial Statements
20to36

Crystal Palace Community Trust Limited
Reference and Administrative Details
chalrperson
Mark Painter
Charity Reglstratlon Number
1107343
Company Registratlon Number
05090173
Reglstered Office
Anerley Town Hall
Anerley Road
London
SE20 8BD
Auditor
Field Sullivan Limited
9 Hare & 8illet Road
Blackheath
SE3 ORB
Bankers
HSBC
Bromley High street
184 Bromley High street
Bromley
Kent
8RI IHL
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Crystal Palace Community Trust Limited
Trustees, Report
List of Crystal Palace Communlty Trust Trustees
Mark Painter- Chair
Eileen Goulding- Company Secretary
Christopher Harrison -Treasurer
Len Blomstrand - Vice Chair
Raymond Bascombe
Mahendra Patel
Angela Wikins
Non-votlng Local Authority Nominees
Councilor Ruth McGregor18romley Representative)
Councilor Catherine Rose Isouthwark Representative)
Staff Members
Trust Operations Manager- Tracey Skillern / Ben Harding Iw.e.f. 01/121231
Trust Development Manager- Elaine Harrison
Finance and Risk Officer john Gazeley
Marketing & Community Engagement Officer- Andre Thorne
Admin Officer- Joy Hannon
Admin officer- Asia Szalinska
Lead Youth Worker- James Harrison Shears
Support Youth Worker5'. Maria Ako, Odette Ukando, Simone Boothe
Caretakers- Lee Bracel Richard Hicks
Weekend Caretakers -10seph Boateng, Alfred Petite, Mikhail Preddie and Richard Hicks
Bankers: HSBC- 184 High Street, Bromley, Kent, BRI IHE
Auditors: Field Sullivan Chartered Accountants- Blackheath SE3 ORB
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Crystal Palace Community Trust Limited
Trustees, Report
Chalrfs Report 23124
With the ending of the Kingswood Community Shop and the cross-borough Power of One project in 2023/24 we
saw CPCT consolidate it posltion as provider of quality servlces from within Anerley Town Hall I'ATH'I, Its base.
Now 7 years into a 40-year lease, we remain proud of our achievements over this time including investing over
£800,000 into the iconic building from within which we manage a hlghly popular Busines5 Centre with occupation
levels now pushing IOOO/o, the Pineapple Luncheon club continue to be based here and meet every week, the twice
weekly youth club is thriving, and life celebration event5 occur nearly every weekend making ATH an ideal
destination for Weddings, Birthday, christenings et al.
In terms of outcomes in June 23 CPCT ended its Power of One Projed which helped support more than 1,400
young people in the area develop through doing actlvities that pushed them both mentally and physically. The
project met its targets and came in on budget, at over £550k, making it cpcfs biggest project to date.
Post Covid we like many have found the landscape for projects like ours, where we are at least part in need of
external financial support challenging, and we are lucky that financial prudency has given us the means to sponsor
the running of the Youth Club going into 24125 from our unrestricted reserves. Funds remain for elders activities,
but the funding for the Detached Youth work team based on the Kingswood estate will come to an end during
2024.
CPCTS concentration this year has been making sure that we kept things going smoothly following a wholesale
change in operational staff during 3 months in 2023, most notably the Trust Manager and Senior Admin Officer
who left along with the Finance Officer, Special thanks go to john and Elaine who helped things to run smoothly as
we recruited a new team that now comprises Ben, Joy and Asia who have created a new and harmonic
atmosphere at Anerley and we hope that they are able to develop their roles and our service further. Additional
thanks go to Tracey Skillern who left after 19 years, and her wisdom and experience will be missed.
The above meant that we were unable to invest in the building like we have in previous years, but we do have
£40,000 budgeted for 24/25 where the focus will be the outside of the building and making it a more welcoming
place. To that end we are applylng for funding that will help us replace the remainlng old windows with double
glazed and if that is successful should happen 2024-2025.
Financially we were able to produce a strong performance with unrestricted reserves going up from negative £-40k
to positive £115k, an overall surplus of E155k. This included a re-evaluation of provision5 for works needed to
Anerley Town Hall over the next 3 years from £421k to £296k. Restricted Funds received reduced from £285k to
£115k as projects came to an end and funding availability dried up. We do have £49k restricted funds carried
forward into next year which will help us to continue providing services for younger and elder people* particularly.
The way our accounts are presented made it increasingly difficult to lever in funds and as such a Communlty
Interest Organisation. 4ward4Youth has been formed around providing services for local young people and we are
excited to see how this evolves in 2024.
In January 2024 we had a vi51t from the London Mayor who fully supported what we are trying to do to better
improve the local area by providlng affordable and accessible Services that Increase the chances of people reaching
their full potential.
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Crystal Palace Community Trust Limited
Trustees, Report
Finally, I would like to say a big thank you to my fellow trustees, paid members of staff and volunteers for their
time and efforts in ensuring CPCT provides meaningful benefits for local people now and well into the future.
Worklng wlth Young People
Funding for Youth Club ran out in October 2023, and due to a change in funding criteria, children in Need declined
to provide continuation funding which created financial pressures which has led to a slight restructure of our yosjth
club offer; we still operate on Mondays and Thursdays.
The youth club is thriving, and we have attendances of up to 45 children and young people. There is good
communication with families, and we are well known and respected in our community, parents feeling able to
contact youth work staff for support with issues impacting their children's lives. We have built a solid, consistent
youth work team.
We are approved providers for the Holiday Activities and Food Programme IHAAFI funded via Bromley Council bv
the Department of Education. This continues to develop, and we are reaching those who most need this provision.
The scheme has flagged a recurring and important issue, which is the need for school holiday provision for children
and young people, most particularly for 'the working poor,. CPCT is exploring the potential to develop an ancillary
programme that enables us to provide subsidised places for those not on free school meals. We now offer a total
of 6 weeks IHAAFI provision, 4 in the summer and one each at Easter and Christmas.
More than 100 children and young people participate over summer when we offer enrichment activities in the
mornings and Iweather permittingl outside sports/physical activities in the afternoons. We offer a day trip once a
week including a seaside trip.
Our two-year detached programme on the Kingswood estate ended in March 2023. We had built very good
community relationships within the estate and thls brings the Trusts relationship with that estate to an end after
more than 12 years. We leave behind a very posltive legacy and retain some meaningful partnerships wilh
potential for ongoing collaborative work.
Anerley is very under-served in respect of a youth offer and our work pro-actively targets children and young
people, diverting them away from challenging behaviours and into positive activities.
There is a conslstent increase in numbers of children and young people with additional needs at our youth
provislon which despite ratios of I to 8 can create staff inE difficulties because of the need for additional support-
we are alleviating this through the involvement of volunteers who help increase the ratio of staff to young people.
Anerley Business Centre, 123 Anerley and Community Halls
This year has seen Anerley Town Hall maintain its place as a focal point of life in the local area. The business centre
15 virtually full, the community hall space has a blg life event being celebrated most weekends and various activities
during the week, and 123 Anerley host a vibrant twice weekly youth club, amongst other things.
The Business Centre occupancy has been at 98% for most of 2024 with businesses now fully operational following
the fallout from Covid 19. The concerns that we had regarding the long-term effect on how people worked,
especially for small businesse5 has so far not transpired and we are optimistic going forward that we have a good
product to offer local people.
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Crystal Palace Community Trust Limited
Trustees, Report
During the week we have offered from the building..
Citizens Advice,
Computer classes,
Over 50s Activity sessions,
Boxing,
Kettle Exercise,
Salsa Dancing,
Adult and chlldren's Art classes,
Karate sessions,
Bump and Baby club,
Rattle and hum mother and baby classes.
A Warm Hub for elders,
5 Rhythms sessions
The Pineapple Caribbean Luncheon Club,
EaBles over 50s activities club
Choir Sessions
and the aforementioned Youth Club
We are now an approved provlder of school holiday schemes for dlsadvantaEed famllies, and we held a 4 week 16
day event last summer that attracted over 120 kids. We will be doing something similar this year.
Operationally this year has been challenging with regard to staff turnaround when we lost The Trust Manager, The
Senior Admln Officer and the Financer Officer 311 within the space of 3 months, However we have come through
that now and we have built a new team of Ben, loy and Asia who have made sure that there has been no loss of
service to building users and will look forward to improvement5 in the years to come, Special thanks EO out to the
outgoing staff, especially Tracey Skillern for her 19 years dedicated to being the rock that held it all together.
Special thanks also to John Gazeley and Elaine Harrison who administered the transition of staff into what now
feels like a strong team to take things forward.
Due to the churn of staff, we didn't have the capacity to invest in the building as much a5 Usual but were able to
provide £6k worth of new carpets and lino in some areas and have a £40k investment plan for 2024/25.
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Crystal Palace Community Trust Limited
Trustees, Report
Trust Development
The outlook for funding has proved to be as forecast; gloomy. Many of the major funders had still not re-opened
their funds and those who had had changed their criteria. There is very little funding available for universal, open
access provision, which is what we deliver.
There is increased use of the Children, Young People and Family Centre that is 123 Anerley with a range of
different providers and the local authority youth service now using It regularly, although there Is still no regular use
of the Kitchen space.
An ongoing issue for the Trust and other organisations like us, who have stepped into the breach created by local
authority tutbacks is that many funders will not support charitable activities where they feel that these are a
statutory responsibility. Caught in the middle between these views are the elders without day centres and the
young people without youth club provision, and the Trust takes its responsibility towards these two groups
seriously.
Although we have not been able to expand our work with young people, we have maintained it at current levels
and have also plan to add valtje through our partnerships by leveraging a small amount of funding to enable us to
offer mentoring support to particular young people struggling with a range of issues.
We are also particularly concerned about Supporting work with elders as there is no day centre provi51on in the
area due to the local authority closures. Research demonstrates that older people who stay active stay healthier
physically, mentally and emotionallyi reducing the need for medical treatments e.g. for depression, for falls etc.
and we know from the membership of the elders, groups using our building how important this provision is in
reducing loneliness and isolation in vulnerable people.
We are addressing the issue about our income and reserves levels working against us in terms of acquiring funding.
After reviewing our structure, the board made a decision to create an arm's length CIO Icommunity Interest
Organisationl focused on work with young people, which can over time build its own track record in terms of
managing finances and delivering services. The former Trust Manager will chair the small committee which
comprises 3 CPCT Board members.
We continue to maintain and develop our partnerships, across sectors. The local authority youth service is using
our space to accommodate their youth provision since the closure of Street Wise, which makes CPCT a central
point for youth services in the area.
Because of our partnerships we continue to be able to generate income and have attracted some small and
medium sized grants. We will continue to strive to maintain current levels of provision and prepare ourselves for
growth going forward.
Commenta
on the Financial Position over the
ear
Over311, our unrestricted reserves increased from negative £40k to positive £115k lincluding a £125k reduclion in
the allowance for provisions for repairs to ATHI, while restricted reserves reduced from positive £122k to positive
£49k.
The remaining £30k increase to unrestricted reserve5 15 primarily due to the reduced investment this year
1£6kl in building improvements.
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Crystal Palace Community Trust Limited
Trustees, Report
The reduction to restricted reseives was mainly due to difficLtlty of acquiring new funding following the
covid pandemic and the using up of old funds, meaning that it will be tougher going into the next financial
year.
Total income received from Anerley Town Hall's Business Centre office hire was £238k Ivs £198k in the prior
financial yearl and £179k from the communlty space hire Ivs £146k in the previous yearl. For 123 Anerley (former
old library) we achieved hire income of £29k as opposed to £20k in the previous year. However, we were able to
keep occupation of the 25 offices in the Anerley Business Centre at a high level, ending the year with 98Ya of desks
occupied.
In the year the Trust invested just £6k into improving the buildings fabric due to high staff turnover meaning that
this was not our prime concern this financial year. £40k has been provided in 2024/25.
cpct received in total £11Sk in external grant funding to SUPPOrt activities as follows..
£0.3k public donations
£44k Anerley Town Hall Youth Support. £9k from BBC Children in Need ending for now its support the
running of our twlce weekly youth club, £30k from LB Bromley and, É5k from Clarion for the Holiday
Hunger Scheme IHAAFI
£22k from the Young Londoners Fund towards the running costs of our Power of One project, aiming to
improve the life chances of approximately 1,400 young local people over its 3-year life which was
extended by 6 months and ended orTr 30106123
£27k for the Kingswood Estate Detached Youth Team contributed by Southwark Council
£5k for intergeneration projects from Bromlev
£IOk from Jack Petchey towards youth and the Marketing Intern
£6k other including support for Black History Month and the London Festival of Architecture
CPCT is grateful to all of the above donors for having the belief and trust in us to deliver services that improve the
lives of local people.
CPCT'S funding
CPCT is currently financed by a variety of different funders and income stream5 which mixes the trading income
from space hire at Anerley Town Hall 5UPPOrting our core business, alongside other funding streams to support
projects that have a tangible social benefit, for instance our twice weekly youth club We have attempted to keep
abreast of changes which may affect how CPCT manages to sustain current levels of project delivery and increase
the level of funding needed for work planned for the future. CPCt plans its fundraising in advance having 3
minimum 24-month view of its cash flow. Typically, it Can take up to 12 months to secure new funding From initial
research through the application process to receiving the first payment. cpcr is funded from several different
sources that may place Eeographical and other restrictions on where and how fundinE can be spent.
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Crystal Palace Community Trust Limited
Trustees, Report
Public Benefit
The Trustees have considered the Trust's activitie5 and achievement5 for 2023124 and its plans for 2024125 against
the Publlc Benefit Guidance issued by the Charity Commission. They agreed that the Trust's projects and work
carrled out in the local community as described elsewhere in this report demonstrate the substantial benefit5
derived by the public in the areas covered by the Trust.
Reserves Policy
Crystal Palace Community Trust needs reserves to:
Meet contractual liabilities should the organisation have to close. This includes redundancy pay, amounts
due to creditors and commitments under leases, such as rent and building repairs and payments received
for future space hires that may not be able to be honoured.
Meet unexpected costs like major building repairs, the breakdown of essential office equipment, cover
staff for illness, maternity leave, parental leave, redundancy and legal costs defending the charity's
interests.
Replace equipment as it wears out, ensuring that the charity can continue to provide a stable and good
quality service to those who need it.
Provide working capital when funding is paid in arrear5 and place the charity in a position where it could
bid for such external funding. External grant funding often has certain restrictions, which means that bv
law it must be held in restricted reserves until it is spent in line with the funding agreement and
accounted for appropriatelv.
A prudent level of reserves
Following the stark impact of Covid related social restrictions on our main trading income stream5, a revised level
of 5 months to 7 months of core annual operating costs was lin 201211 appropriate at the time. Following the
economic downturn, the global socio-economic picture and in line with the understood good practice in our sector
we are now amending the level of reserves to 3 to 6 months of core annual operating costs. The trustees consider
this revised level of reserves to remain sufficient to provide flexibility to bridge temporaiy differences in working
capital and will allow CPCT to operate under emergencies, such as a pandemic, whilst specific changes are
implemented. The funding for provision for dilapidations for ATH building is expected to be met over the next 3
years from income from normal business activities, external grants and donations, and where needed from
reserves. The amount of investment needed Is consistent with the investments made into ATH building over the
previous 7 years.
Establishing and maintaining a prudent level of reserves
CPCT aims to ordinarily have reserves in the range of 3 to 6 months of current annual operating expenditure. In the
event of reserves dipping below the target CPCT will aim to restore the reserves to at least 3 months of annual
expenditure over ihe next three years. This could be achieved by increased fund raising, increasing earned income
or reducing expenditure. If reseives exceed 6 months of annual expenditure CPCT will consider this in the light of
the likely expenditure over the next two years against secured income, and any shortfall that will require external
funding.
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Crystal Palace Community Trust Limited
Trustees, Report
Brlnglng actual reserves into line wlth the policy
The unrestricted reserves held at 31103124 are E116k and have been calculated to include a provision of £296k for
sper>d on the improving the building's internal and external fabrlc over the next 3 years to bring it back to what the
lease requires to be "reasonable" conditlon. It should be noted that currently120241 CPCT expects to be able to
ralse £40k per year through its normal btjsiness activities towards this cost, and therefore should only need to use
£176k of these funds over the next 3 year5 1£296k less 3 x £40k £120kl effectively bringing the available
unrestricted funds to £235k1£11Sk + E120kl. This calculation assumes that no rent is to be paid to Bromley, which
is currently being negotlated.
The tru5tee5 expect that, in 2024125, overall earned income will remain at 3 level consistent to the previous year
documented here, and that rate of operating costs increase is likely to slow down due to the general reduction in
inflation.
Monltorlng and revlewing of reserves pollcy
The trustees will Consider current costs of closure and examine the level of reserves each year when setting the
following year's budget. This reserves policy will be reviewed at a minimum every two years.
Rlsk Assessment
The Board of Trustees h35 conducted its own review of the major risks to which the charity is exposed, and
systems and measures put in place lo mitigate those risks. External risks to the continuation of external grant
funding have led to the development of a re-worked strategic plan alongside an updated fundraising strategy
which will allow for diversification of funding and activities. Internal risks are minimised by the implementation of
procedures for authorisation of 311 transactions and projects and to ensure conslstent quality of delivery for all
operational aspects of the charity. These procedures are regularly reviewed to ensure that they still meet the
needs of the charity. For propriety and transparency, the trust intends to continue to have its annual atcounts
externally audited, which is currently beyond the statutory requirement.
Provision of informatlon to auditors
In accordance wlth company law, the company'5 directors confirm that, so far as they are aware, there is no
relevant audit information of which the company's auditors are unaware. Also, as the directors of the company,
they have taken all the steps that they ought to have taken in order to make themselves aware of any relevant
audit information and to establish that the company's auditors are also aware of that information.
Membershlp & Electlon of Officer5
All members will have an opportunity to attend a general meeting which is held annually to review the business of
the Trust and approve Its accounts. To undertake the business of the Trust, the membership, at the Annual General
Meeting, will appoint a Board of Directors of the Trust. This will comprise of up to 20 representatives as follows..
9 representatives of community organisations that are members of the Trust elected by the AGM *
3 individual members elected by the AGM
3 persons elected from amongst the bltsiness members
5 persons, one from each local authority that is invited to nominate members of the Board.
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Crystal Palace Community Trust Limited
Trustees, Report
* A third of the Board elected in this way will retire annually
Other Board members will be nominated and appointed on an annual ba51S.
The Chair, Vice-chair, Secretary and Treasurer will be elected by the Board from amongst ihe duly appolnted
Trustees, at its first meeting following the AGM. At present the Board has 9 members which includes 2 from the
public sector. The Board of Directors meets bi-monthly. It is the major dec15ion taking and policy-formulating body
of the Trust. Its main functions are..
To set an overall business strategy and monitor and review performance and achievement
To establish a financial plan and budget and review it regularly
To effectively review and manage risk within the organisation
To deal with membership matter5 and staffing appointments
To ensure compliance with all of the Trust's contractual and governance obligations
To consider all legal matters and ensuie that the Trust's responsibilities are properly met
To delegate detailed consideration of matters to working and focus groups
Receive reports and make recommendations back.
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Crystal Palace Community Trust Limited
Statement of Trustees, Responsibilities
The trustees Iwho are also the directors of Crystal Palace Community Trust Limited for the purpose5 of company
lawl are responsible for preparing the trustees, report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requlre5 the trustees to prepare financial statements for each financial year. Under company law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the charitable company and of the incoming resource5 and application of resources, including
its income and expenditure, of the charitable company for that period. In preparing these financial statements, the
trustees are required to..
select suitable accounting policies and apply them consistently-
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial statements,. and
prepare the financi31 statements on the going concern basis unless it is inappropriate to presume that the
charitable company wlll continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included
on the charitable company's website. Legislation governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the small companies regime undef the Companies Act 2006.
Approved by
trus
ees of the charity on 28 October 2024 and signed on its behalf by..
Mark Painter
chairman and trustee
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Crystal Palace Community Trust Limited
Independent Auditor's Report to the Members of Crystal Palace Community Trust Limited
Oplnlon
We have audited the financial statements of Crystal Palace Community Trust Limited Ithe 'charity'l for the year
ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash
Flows, and Notes to the Financlal Statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is United Kingdom Accounting Standards,
comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,
and applicable law Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources
and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirement5 of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicat>le
law. Our responsibilities under those standards are further described In the auditor responsibilitie5 for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statement5, we have concluded that the trustees use of the going concern basis of
accounting In the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
tonditions that, individually or collectively, may cast significant doubt on the charity's ability to conlinue as a going
concern for a period of at least twelve months from when the original financial statements were authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the
relevant sections of this report.
Other Information
The trustees are responsible for the other information. The other information comprises the information included
in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the
financial statements does not cover the other information and, except lo the extent otherwise explicitly stated in
our report, we do not express any form of assurance conclusion thereon.
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Crystal Palace Community Trust Limited
Independent Auditor's Report to the Members of Crystal Palace Communlty Trust Limited
In connection with our audit of the financial statement5, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
incon5iStencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the
work we have performed, we conclude that there Is a material misstatement of this other information, we are
required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is conslstent with the financial statements,. and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the followinB matters where the Companies Act 2006 requires us to report
to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us,. or
the flnancial statements are not in agreement wlth the accounting records and returns,. or
certain disclosures of trustees remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Statement of Trustees, Responsibilities Iset out on page 111, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal Control as the trustees determine is necessary to enable the preparation of financial
Statements that are free from material mi55tatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability lo continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
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Crystal Palace Community Trust Limited
Independent Auditor's Report to the Members of Crystal Palace Community Trust Limited
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS {UKI will always detect a material misstatement when it exists. Mlsstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
The extent to whlch our procedures are capable of detecting irregularities, including fraud is detalled below..
Discussions were held with the management committee with a view to identifying those laws and regulations that
could be expected to have a material impact on the financial statements.
The following laws and regulations were identified as being of significance to the entity..
Those laws and regulations considered to have a direct effect on the financial statements include UK financial
reporting standards, Companies Act 2006, and The Charities Act 2011.
It is considered that the laws and regulations for which non-compliance may be fundamental to the operating
aspects of the busine$5 or to avold matelial penalty include complyine with the lease obligations for Anerley Town
Hall.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and
non-compliance with laws and regulations) comprised of.. inquiries of management and those charged with
governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning
any actual or potentlal litigation or claims,. inspection of relevant legal corre5pondence,' review of board minutes,.
testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions
around the end of the reporting period,. and the performance of analytical procedures to identify unexpected
movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identlfied. However, the likellhood of detecting irregularities,
includlng fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's
controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud
might be inherently more difficult to detect than irregularities that result from error. As explained above, there is
an unavoidable risk that material misstatements may not be detected, even though the audit has been planned
and performed in accordance with ISAS IUKI.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our
auditods report.
Page 14

Crystal Palace Community Trust Limited
Independent Auditor's Report to the Members of Crystal Palace Community Trust Limited
Use of our report
This ieport is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charlty's trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept OT assume responsibility to anyone other than the charitable company
and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Tim Sullivan FCA (Senior Statutory Auditor)
For and on behalf of Field Sullivan Limited, Statutory Auditor
9 Hare & Billet Road
Blackheath
SE3 ORB
Date..
Page 15

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Crystal Palace Community Trust Limited
(Registration number: 05090173)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
13
7,585
119,580
8,105
108,882
14
127,165
116,987
Current asset5
Debtors
15
4,716
525,407
2,450
584,070
C35h at bank and in hand
16
530,123
586,520
Creditors: Amounts falllng due withln one year
17
1196,6021
1194,3631
Net current assets
333,521
392,157
Total assets less current liabillties
460,686
509,144
Provisions
19
1296,3651
1426,9021
Net assets
164,321
82,242
Funds of the charity,.
Restricted Income funds
Restricted funds
48,864
121,921
Unre5trlcted income funds
Unrestricted funds
115,457
139,6791
Total funds
20
164,321
82,242
The linancial statement5 on pages 16 to 36 were approved by the trustees, and authorised for issue on 28 October
202
and signed
their be
alf by..
Mark Painter
Chairperson and trustee
The notes on pages 20 to 36 form an integral part of these flnanclal statements.
Page 18

Crystal Palace Community Trust Limited
Statement of Flnancial Activitie5 for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
All of the tharity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 20.
The notes on pages 20 to 36 form an integral part of these financial statements.
Page 17

Crystal Palace Community Trust Limited
Statement of Cash Flows for the Year Ended 31 March 2024
2024
2023
Note
Cash flows from operatlng activities
Net cash income
82,079
52,154
Adjustments to cash flows from non.cash items
Depreciation
Investment income
6,149
16,4311
110,6971
7,621
13,5461
5,513
Revaluation of investments
71,100
61,742
Working capital adJustments
Ilncreasel/decrease in debtors
Increase/ldecreasel in creditors
Decrease in provisions
IDecreasel/increase in deferred income
15
12,2661
15,950
1130,5371
113,7111
15,813
129,1801
138,9281
2,826
17
19
Net cash flows from operating activities
159,4641
12,273
Cash flows from Investlng activlties
Interest ieceivable and similar income
6,430
15,6291
3,547
111,4931
Purchase of tangible fixed assets
13
Net cash flows from investing activities
801
17,9461
Net Idecreasellincrease in cash and cash equivalents
158,6631
4,327
Cash and cash equivalents at l April
584,070
579,743
Cash and cash equivalents at 31 March
525,407
584,070
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 20 to 36 form an integral part of these financial statements.
Page 19

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
The charity is limited by guarantee, incorporated in . and consequently does not have share capital. Each of the
trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity In the event of
liquidation.
The address of its registered office is:
Anerley Town Hall
Anerley Road
London
SE20 8BD
These financial statements were authorised for issue by the trustees on 28 October 2024.
2 Accounting policie5
Summary of significant accounting pollcies and key accountln8 estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These
policles have been consistently applied to all the years presented, unless otherwise stated.
Statement of compllance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lelfective I january 20191
(Charities SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Att 2011.
Basis of preparation
Crystal Palace Community Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy notes.
Page 20

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Golng concern
The financial statements have been prepared on a going concern basis, which assumes that the Charity will be able
to meel its debts as they fall due. However, at the end of the year the charity had unrestricted reserves of
£115.45712023'. negative unrestricted reserves of £39,679).
The trustees believes it is appropriate to prepare the financial statements on a going concern basis, as the negative
unrestricted reserves arises as a result of the dilapidations provision that arose on the inception of the lease of
Anerley Town Hall. At the year end the cost of future dilapidation works was estimated by the trustee5 to be
£296,365 12023.. £426,902), and these costs would be spread over the remaining period to 31 March 2027 to
undertake these works and funded by income arising over that same period. Accordingly, the trustees believe the
charity has sufficient resources to meet it's debts as they fall due and highlight ihat unrestricted reserves excluding
provisions amount to £411,82212023.. £387,223).
Judgements and key sources of estimation uncertalnty
In the application of the charity's accounting policies, the directors are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent fiom other
sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the
period of the revision and future periods where the revisions affects both current and future periods.
The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabllities within the next financial year are addressed below..
Repair works provision for Anerley Town Hall
Under the terms of the lease for Anerley Town Hall, that the charity entered into on 21 March 2017, is
dilapidation/remedial works requirement that is provided for by the Trustee's, based on the assumptions and
estimate5 given in Note 19.
Income and endowments
All income is recognlsed once the charity has entitlement to the income, it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Donations and legocies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In
the event that a donation is subject to conditions that require a level of performance by the charity before the
charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully
met, or the fulfilment of those conditions Is wholly within the control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Page 21

Crystal Palace Community Trust Limited
Notes to the Flnancial Statements for the Year Ended 31 March 2024
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance conditions are attached to the grant and are yet to be met. the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred Income
Deferred income represents amounts received for future periods and is released to incominB resources in the
period for which, it has been received. Such income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting periods,. or
The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income
Interest income 15 recognised using the effective interest rate method.
Expenditure
All expenditure is recognised once there is a legal or con5tru£tive obligation to that expenditure, it is probable
Settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar cost5 to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support cost5 are allocated based on the spread of staff costs.
Ruisingfund5
These are costs incurred in attracting voluntary income, the management of investments and those incL¢rred in
trading activities that raise funds.
Charitoble actlvities
charltable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for
its beneficiaries. It include5 both costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Gront provlslons
Provision5 for grants are made when the intention to make a grant has been communicated to the recipient but
there is uncertainty about elther the timing of the grant or the amount of grant payable.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements,
including audit, strategit management and trustees meetings and reimbursed expenses.
Page 22

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Taxatlon
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore
it meets the definition of a Charitable company for UK corporation tax purposes. Accordingly, the charity is
potentially exempt from taxation in respect of income or capital gains received within categories covered by
Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to
the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £250.00 or more are initially recorded at cost.
Depreciatlon and amortlsatlon
Depreclatlon is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated resldual
value, over their expected useful economic life as follows..
Asset class
Equipment, Furniture and Fittings
Depreclation method and rate
Straight line over 3 year5
Fixed asset investments
Fixed asset investment5, Other than programme related investments, are included at market value at the balance
sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and
their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement
of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged
to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or setvices performed in the ordinary course
of busine55.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortlsed cost
using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors
is established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original terms of the reeeivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insienificant fisk of change in value.
PaEe 23

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the reporting period, to defer settlement of the credltor for at least twelve
months after the reporting dale. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilitie5.
Trade creditors are reeoBnised initially at the transaction price and subsequently measured at amortised cost using
the effective interest method.
Provisions
Provisions are recognised when the charily has an obligation at the reporting date as a result of a past event, it is
probable that the charity will be required to settle th3t obligation and a reliable estimate can be made of the
amount of the obligation.
Fund structure
Unrestricted income funds are general funds that are available for use at the tru5lees discretion in furtherance of
the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specifie purposes, the use of which is
restricted to that area or purpose.
Pensions and other post retlrement obligations
The charity operates a defined benefit pension scheme.Typically defined benefit plans define an amount of
pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as
age, years of service and compensatlon.
The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the
defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation
is measured using the projected unit credit method. The present value of the defined benefit oblig3tion is
determined by discounting the estimated future payment5 by reference to market yields at the reporting date on
high-qualily corporate bonds that are denominated in the currency in which the benefits will be paid, and that
have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they
arise.
Page 24

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
3 Income from donatlons and legacies
Unrestricted
Total
2024
Total
2023
General
Restricted
Donations and legacies,.
Donations from individuals
308
308
1,105
Grants, including capital grants,.
LB Southwark
27,126
9,873
5,097
9,081
22,135
27,126
9,873
5,097
9,081
22,135
27,126
27,499
13,082
48,004
132,883
5,850
2,497
Jack Petchey Foundation
LB Bromley
8BC Children in Need
Young Londoner's Fund
London Sports
Clarion for Foodbank
Groundwork
5.320
500
5,320
500
LB Bromley HAAF
Nicola Woods
30,329
30,329
20,634
1,627
1,454
3,850
CLB Bromley
London Youth
W G Edwards charitable Foundation
Bromley Children and Families Forum
Clarion Futures
I,ioo
750
I,ioo
750
2,538
495
2,538
495
Penge Bid
Bromley Black History Month
Other donations
500
soo
554
308
114,844
115,152
286,165
Page 25

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Income from charitable actlvlties
Unrestrlcted
Total
2024
Total
2023
General
Restrlcted
Bureau Services
380
380
1,058
29,348
7,127
170,132
203,330
Other Service Charges
Other income
25,487
31,183
193,730
212,924
25,487
31,506
193,730
212,924
323
Hall Space Hire
Office hire
463,704
323
464,027
410,995
5 Investment income
Total
2024
Total
2023
Interest receivable and similar income:
Interest receivable on bank deposits
6,431
3,546
6,431
3,546
6 Expendlture on raising funds
al Costs of generatlng funds
Total
2024
Total
2023
PR and promotion
5,530
2,378
Page 26

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Expenditure on charltable activities
Total
2024
Total
2023
Staff costs
239,298
1130,5371
12,000
55,116
12,846
28,192
5,384
40,839
276
228,757
138,9281
12,000
39,550
9,708
25,399
38,928
42,664
Increaselldecreasel in dilapidation provision for revision
Rent
Insurance
Repairs and maintenance
Long-term Building Repairs
Telephone and IT
Office expenses
Printing, postage and stationery
Cleaning
Legal and professional
Bank charges
Subcontractors
2,755
45,828
16,890
2,434
88,944
1,327
6,149
41,012
32,446
5,328
2,171
4,322
44,937
13,056
1,860
64,225
1,397
7.621
107,445
31,015
5,082
1,624
Staff training
Depreciation
Direct costs
Rate5
Audit
Sundries
508,698
640,662
In addition to the expenditure analysed above, there are also governance costs of £5,32812023 - £5,082) which
relate directly to charitable activities. See note for further details.
Page 27

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Net Incomingloutgoing resources
Net incoming resources for the year include:
2024
2023
Audit fees
5,328
6,149
5,082
7,621
Depreciation of fixed assets
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity durlng the
year.
No trustees have received any reimbursed expenses from the charity during the year.
10 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were.,
Wages and salaries
Social security cost5
Pension costs
227,738
9,804
1,756
217,269
10,302
1,186
239,298
228,757
The monthly average number of persons (including senior management / leadership team) employed by the
charity during the year expressed as full time equivalents was as follows..
2024
No
2023
No
Direct charltable activites
No employee received emoluments of more than £60,000 during the year.
The tot31 employee benefits of the key management personnel of the charity were £52,28312023 - E62,3881.
Page 28

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
11 Auditors, remuneratlon
2024
2023
Audit of the financial Statements
5,328
5,082
The above remuneration includes service5 for the preparation of the financial Statements that are estimated to be
£1,500.
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
Furniture and
equipment
Total
Cost
At l April 2023
Additions
Disposals
82,237
5,629
126,4821
82,237
S,629
126,4821
At 31 March 2024
61,384
61,384
Depreclation
At l April 2023
Charge for the year
Eliminated on disposals
74,132
6,149
126,4821
74,132
6,149
126,4821
At 31 March 2024
53,799
53,799
Net book value
At 31 March 2024
7,585
7,585
At 31 March 2023
8,105
8,105
Page 29

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
14 Fixed asset investments
2024
2023
Other investments
119,S80
108,882
Other Investments
Llsted
investments
Total
Cost or Valuation
At l April 2023
Revaluation
108,883
10,697
108,883
10,697
At 31 March 2024
119,580
119,580
Net book value
At 31 March 2024
119,580
119,580
At 31 March 2023
108,883
108,883
15 Debtors
2024
2023
Prepayments
other debtors
4,716
1,700
750
4,716
2,450
16 Cash and tash equivalents
2024
2023
Cash on hand
744
Cash at bank
524,663
584,070
525,407
584.070
Page 30

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
17 Creditors: amounts falllng due wlthln one year
2024
2023
Trade creditors
36,000
82,579
78,023
24,000
78,629
91,734
Accruals
Deferred income
196,602
194,363
18 Obligatlons under leases and hire purchase contracts
Operatlng lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Land and buildings
Within one year
Between one and five years
24,000
48,000
24,000
72,000
72,000
96,000
Discussions with Bromley Council have commenced, lo agree on nullifying our ongoing rent commitment for
Anerley Town Hall in light of the resource5 expended in looking after the bullding alongside the provision of
service5 supporting the local community of Bromley borough residents.
Page 31

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
19 Provlslons
Dilapidations
provlslon
Opening balance
Utilised during the period
1426,9021
130,537
At 31 March 2024
1296,3651
As part of the forty-year lease of Anerley Town Hall that commenced on l April 2017, the charity has an obligation
to bring the property up to a condition above that in which it was taken on by the charity by 31 March 2027.
Previous calculations had been based on original estimates dating back to 2014 and therefore a new assessment
was commissioned from external surveyors In early 2022 and this was used as a baseline to work from thereafter.
As we approach 2027, we have reviewed the likely spend needed on the building to fulfil our contractual
obligations and the board have agreed these new provisions to be satisfactory. It should be noted that this may
not exactly replicate what CPCT chooses to prioritise over the time period but does give a broad view of the main
works envisaged. Between now and 2027, ongoing dialogue with Bromley Council Estate officers will be sought to
ensure we are successfully working towards the same understood goals.
Type
Internal Decoratlons
Main feature
50,603 Paints walls, ceilings etc
Carpetslfloorings
Window ea5inglleaks
Internal New
4,554
Internal Repairs
8,337
Outside Cleaning
11,533 Jet washing etc
29,443 Window frame5/downpipes
264
Outside Decorations
Outside New
Outside Repairs
Mechanical
109,527 Repointing/bricks/drains
23,298 £15k BMS/£9k 2nd glaz
Electrical
58,806 £40k lighting
296,365
Page 32

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Crystal Palace Community Trust Limited
Notes to the Financlal Statements for the Year Ended 31 March 2024
Restricted funds..
Kingswood Community Shop - Satellite project on Kingswood Estate in Southwark. Essentially grant funded to
Sustain two disused shops converted into drop-in facility for local people.
Kingswood Detached 2 year funding that provldes a detached youth service on the Kingswood Estate Supporting
young people.
Youth Projects - Including: Youth Club at ATH Twice weekly, 40 weeks a year, weekly Art Classes, plus Holiday
Activities and Food schemes, Easter, Sijmmer and Winter term breaks. Age range tirca 8-16.
Young Londoners Fund - Power of One pro5ect for 3 years 2020-2022 designed to support circa 1300 young local
people through activities improving their wellbeing and reduce risk of marginalisation.
Elders Project- Co-op and Tescos 8aES for Life and Bromley Third age funds supporting activities for older people.
Funded Staff - "Wellbeing" Grant supporting staff and volunteers, wellbeing in the light of the impact of Covid
restrictions.
Sundry grants - Black History Month. London Festival of Architecture, James Dixon Music and Capacity Building
Training.
The transfer of funds in the year relates to space hire costs for 123 Anerley, the registered address of the
charitable company.
Page 35

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
21 Analysls of net asset5 between funds
2024 net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2024
Restrlcted
funds
Tangible fixed assets
Fixed asset investments
7,585
119,580
481,259
1196,6021
1296,3651
7,585
119,580
530,123
1196,6021
1296,3651
Current assets
48,864
Current liabilities
Provisions
Total net assets
115,457
48,864
164,321
2023 net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2023
Restricted
funds
Tangible fixed assets
Fixed assel investments
8,105
108,882
464,599
1194,3631
1426,9021
8,105
108,882
586,520
1194,3631
1426,9021
Current assets
121,921
Current liabilities
Provisions
Total net assets
139,6791
121,921
82,242
22 Related party transaction5
During the year the charity made the following related party transactions:
Ballers Club Community
(Raymond Bascombe, a trustee of Crystal Palace Community Trust, is also a director of Ballers Club Communltyl
During the year Ballers Club Community provided £nil12023.. £11,250) of services to Crystal Palace Communitv
Trust as a project partner on The Power of One Project. At the balance sheet date the amouni due to/from Ballers
club Community was £Nil12023 - ENill.
Page 36