Company registration number.. 05090173
Charity registration number.. 1107343
Crystal Palace Community Trust Limited
IA cornpany limited by Euaranteel
Annual Report and Financial Statements
for the Ye3r Ended 31 March 2025
Fleld Sullivan Limited
9 Hare & Billet Road
Blèckheath
SE3 ORB

Crystal Palace Community Trust Limited
Contents
Reference and Administrative Details
Trustees, Report
2to9
Statement of Trustees, Responsibilities
io
Independent Auditors, Report
Ilto14
Statement of Financial Activities
15to16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Financi31 Statements
19to35

Crystal Palace Community Trust Limited
Reference and Administrative Details
chairperson
Mark Painter
charity Registration Number
1107343
Company Registration Number
05090173
Registered Office
Anerley Town Hall
Anerley Road
London
SE20 88D
Auditor
Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 ORB
Bankers
HSBC
Bromley High Street
184 Bromley High Street
Bromley
Kent
BRI IHL
Page I

Crystal Pala¢e Community Trust Limited
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together with the
financial Statements and 3udilor5' report of the charitable company for the year ended 31 March 2025.
List of Crystal Palace Community Trust Trustees
Mark Painter- Chair
Eileen Goulding- Treasurer
Len Blomstrand - Vice Chair
Angela Wikins- Company Secretary
Christopher Harrison
Raymond Bascombe
Non-votlng Local Authorlty Nominees
Councilor Ruth McGregor (Bromley Representative)
Councilor Catherine Rose Isouthwark Representative)
Staff Members
Trust Manager- Ben Harding
Trust Development Manager- Elaine Harrison
Finance and Risk Officer- John Gazeley
Marketing & Community Engagement Officer- Andre Thorne
Admin Officer-joy H3nnon
Admin Officer- Asia Szalinska
Lead Youth Worker- Maria Ako
Support Youth Workers- Odette Ukando, Simone Boothe, Richard Davis. Sar3h Kerchoff and Rikki, Caiger
Caretakers- Lee Brace & Richard Hicks
Weekend Caretaker5 Joseph Boateng, Alfred Petite, Mikhail Preddie, Samuel Adjei and Richard Hicks
Banker5: HSBC- 184 High Street, Bromley, Kent, BRI IHE
Auditors: Field Sullivan Chartered Accountants- Blackheath SE3 ORB
Page 2

Crystal Palace Community Trust Limited
Trustees, Report
Chair's keport 202412025
The Crystal Palace Community Trust ICPCTI continued this year to be a provider of quality and well used services
from within Anerley Town Hall I'ATH'I, its base, and further af ield. This was down to the hard work and industry
from all of those who work or volunteer for us.
Flnancially we were able to increase our unrestricted reserves held by £20k, to £135k, and we have £43k restricted
reserves carried forward into next year to support the Trust Development Manager post and activities for the over
60s. We were also able to do this whilst Investing £llk of our own money into the running of the Youth Club. The
trust has also made provisions for £282k repairs to Anerley Town Hall over the next 2 years, including a EIOQk
window replacement programme. £14k was Invested this year.
Now 8 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 highly popular Business Centre I'ABC'I with
occupation levels now at IOO°A, the Pineapple Luncheon Club continue to be based here and meet every Thursday,
the twice weekly Youth Club remains thriving, and life celebration events occur nearly every weekend, making ATH
an ideal destination for Weddings, Birthday, Christenings et al. Additionally, things like the twice weekly Citizens
Advice Sessions often provide a lifeline for people desperate for help and advice and who don't know where to go.
External Grant funding continues to be difficult to acquire, In the aftermath of Covid. but Elaine Harrison, or Trust
Development Manager has worked her magic again and secured for the next 3 years a substantial element of the
cost of running the twice weekly Youth club. As an approved provider of holiday activity schemes the Trust is proud
to have supported more than 150 young people over the past year, the vast majorlty belng on free school meals.
Services for older people continue and we are proud to have helped over 200 from services provided from the
Town Hall
CPCT contlnues to build on the work that the new team started last year, following a wholesale change of staff In
2023. This includes a new electronic booking system for hall hiring, which although in its infancy is proving useful.
So thanks to Ben, Joy, Asia and Andre for their continued efforts, caretakers Lee and Rlchard, weekend caretal<ers
Alfred, Joseph, Samuel and Mikhail, and all of the youth workers led by Maria .Looking Forward we are hopeful
CPCT can continue to make Anerley Town Hall a vibrant and active local hub, providing affordable services and
facilities helping the Trust deliver on its vision of allowing all local people to reach their full potential.
Finally, I would like to say a big thank you to my fellow trustees, and volunteers for their time and efforts in
ensuring CPCT provides meaningful benefits for local people now and well into the future
Page 3

Crystal Palace Community Trust Limited
Trustees, Report
Trustees, Report for 2024125
Working with Young People
The youth club has required significant funding through reserves this financial year, due to the lack of 3 large grant
as in previous years. We have however negotiated a grant from Clarion housing to support our youth Services and
other small grants, and have received a small grant from Propel. via Bromley Children and Familie5 forum, which
funds some mentoring work.
Youth provision is thriving; attendances are often over 45 children and young people. Communication with families
is good and parents contact youth work staff for support with issues impacting their children's lives. We have a
solid, consistent youth work team. 107 young people attended the youth club or associated service5 in the year
and 82%1881 of these were re51ding in the borough of Bromley
We remain approved provider5 for the Holiday Activities and Food Programme IHAAFI funded via 8romley Council
by the Department of Education. The scheme highlights 3 recurring issue, which is the need for school holiday
provision for children and young people. We now offer a total of 6 weeks IHAAFI provision, 4 in the sumffler and
one each at Easter and chrlstmas. We are consistently oversubscribed. The number of young people wSth
additional needs is increasing and we are dealing with some extremes of behaviour within a universal setting,
which is a tribute to our staff and the relationships built with parentlcarers. Despite ratlos of i tD 8 these
behaviours can create staffing difficulties.154 individuals attended the programmes over the course of the year
and 84/011301 were from the borough of Bromley, with nearly 80/ being in receipt of free school meal5.
In January a new Senior Youth Work M3nager Practitioner, Maria Ako, came into post, replacing James
Harrison-Se3rs. She has brought with her a new approach, new ideas and a different management style,
Central to her work has been the development of both parents Support through a series of parenting meetings
(funded by Clarion Housing) and the creation of a 'YoLJng Leaders, group, providing a conduit for older young
people as our current age range is 8 to 16, but there is a clear need for work with older young people. Through this
work we intend to develop social action projects, provide training opportunities, up5kill young people and support
them through their journey into adulthood.
Anerley Business Centre, 123 Anerley and Community Halls
This year has seen Anerley Town Hall maintain Sts place as 3 focal point of life In the local area. The business centre
is now full, the community hall space has a big life event being celebrated most weekends and various community
activities during the week, and 123 Anerley hosts a vibrant twice weekly youth club, alongside much needed and
free Citizens and Advice Bureau sessions, amongst other thing5
The Business Centre occupancy has been at 100% for most of 2024125. The concerns that we had after Covid
regarding the long-term effect on how people worked, especially for small businesses has so far not transpired and
we are optimistic going forward that we have a good product to offer local people.
Page 4

Crystal Palace Community Trust Limited
Trustees, Report
During the week over the year we have offered from the building:
Citiiens Advice 8ureau sessions,
Computer classes,
BoxinE,
Salsa Dancing,
Adult and Children's Art classes,
Karate sessions,
Bump and 8aby club,
Kettlebell sessions
Diabetes prevention5 sessions
Nail clipping sessions.
Yoga
A Warm Hub for elders I Seaside Day trips
5 Rhythms Dance sessions
The Pineapple Caribbean Luncheon Club,
Eagles over 50s activities club
Choir Sessions
and the aforementioned Youth club
We continue to be an approved provider of school holiday schemes for disadvantaged familles, and we held 3 4
week 16 d3y event135t summer that attracted over 100 kids. We will be doing something similar this year.
Operationally this ye3r has seem the bedding in of a new team of Ben, loy and Asia who have made sure that there
has been a professional and reliable service to building user5 and will look forward to further improvements in the
years to come,
During the year we were able to invest £14k into the building including re-tarmacking the car park, some window
replacements and upgrades to the outside of the building. We have £IIOk investment plan for 2024125
Trust Development
The outlook for funding remains gloomy. There is very little available for universal, open access provision, which is
primarily what we deliver, and many funders will not support charitable activities where they feel that these are a
statutory responsibility.
In this difficult situation we have not been able to increase youth provision as we would wish, but we have
maintained it and provided some additionality- our mentoring provision has seen up to 30 young people receive
support, we have increased our curriculum offer by expanding the range of activitie5. We have engendered
support in small ways
contributions from Tesco and a small grant from Waitrose, as well as SUPPDrt frorn
Formula i has meant we've been able to take the young people out for a meal,. open a tuck shop,. offer
independent living ski115 sessions, e.g. healthy eating, cookery, budgetlngi
Page 5

Crystal Palace Community Trust Limited
Trustees, Report
The focus this year ha5 been on low level development such as that described above
although support Is in the
hundreds r3ther than thousands, we have leveraged significant sums as well as resources.
We continue to maintain and develop our partnerships, acrD55 sectors. The local authority youth service continues
to use our space to accommodate their youth provision making CPCT a central point for youth services in the Area.
Our elders, groups are essential to the 200+ older people who use them as there is little if any other provision
especially as day centres rem3in closed, and any services provided rely on the voluntary sectDr. We acquired
Innovation Fund funding of over £12K which enables us to further develop our work with elders, offering trips out
of the area to place5 of interest with the opportunity to meet and make new friends, reduce isolation and improve
mental and physical health.
We were finally successful in obtaining a grant from City Bridge Trust for Teplacement of our windows throughout
the building 1£69KI and made a successful application for funds from Garfield Weston to fund the Trust
Development MBnager function for 2 years1£60KI. We would tentatively suggest things are beginning to look
better although there are still enormous hurdles to overcome if we are to meet the increasing need in this èrea.
Commenta
on the Financial Positlon over the
ear
Over311, our unrestricted reserves increased from positive £11Sk to positive E135k (including a £14k reductlon in
the allowance for provisions Inow £282kl for repairs to ATHI, while restricted reserves reduced from positive £49k
to positive £43k. The reduction to restricted reserves marks the current difficulty in securing long term grants but
we are hoping for better things in 202516. Of the £43k, £30k is funding to support the Trust Development Manager
post over the next 2 year51£30k per year, 1st year received only), which means the trust will not have to fund it
from unrestricted funds
Total income received from Anerley Town Hall'5 Busine55 Centre office hire was £260k Ivs £238k in the prior
rinancial yearl and £154k from the community space hire Ivs £179k in the previou5 yearl. For 123 Anerley Iformer
old library) we achieved hire income of £44k as opposed to E29k in the previous year. We were able to keep
occupation of the 25 offices in the Anerley Business Centre at a high level, ending the year with IDOYO of desks
occupied.
In the year the Trust invested £14k into improving the buildings fabric including retarmacking large parts of the car
park. £IIOk has been provided in 2025126 as we are completing a programme of window upgrades that will cost
close to £IOOk
CPCT received in total £98k in external grant funding to support activities as follows..
£2.4k in public donations
£44k Anerley Town Hall Youth Support.1£33k from LB Bromley and, £9k from Clarion and £2k from Jack
Petchey Foundation)
£30k from Garfield Weston carried forward into next year to 5UPPOrt the keyTrust Development Manager
post
£6k for intergeneration projects from LB Bromley
£1Sk for work with elders from LB Bromley
£0.6k other
CPCT is grateful to all of the above donors for having the bellef and trust in us to deliver services that improve the
lives of local people.
Page 6

Crystal Palace Community Trust Limited
Trustees, Report
CPCT'S fundSng
CPCT is currently financed 6y a variety of different funder5 and income streams which mixes the trading income
from space hire at Anerley Town Hall supportlng our core business, alongside other funding streams to 5UPPOrt
prDjects 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 pSans its fundraising in advance having a
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. CPCT is funded from sever31 different
sources that may place geographical and other restrictions on where and how funding can be spent.
Public Benefit
The Trustees have considered the Trust's activities and 2chievement5 for 2024125 and Its plans for 2025126 against
the Public Benefit Guidance issued by the Charity Commission. They agreed that the Trust's projects and work
carried out in the local community as described elsewhere in this report demonstrate the substantial benefits
derived by the public in the areas covered by the Trust.
Reserves Policy
Crysta5 Palace Community Trust needs reserves to..
Meet contractual liabilities should the organisation have to close. Th15 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 charit¢5
interests.
Replace equipment 35 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 arrears 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 by
law it must be held rin restricted reserve5 until it 15 spent in line with the funding agreement and
accounted for appropriately.
A prudent level of reserves
Following the stark impact of CDvld related social restrictions on our main trading income streams, 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 temporary differences in working
capital and will allow CPCT to operate under emergencies, such as a pandernlc, whilst specific changes are
implemented. The funding for provision for dilapldations for ATH building is expected to be met over the next 2
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 8 years
Page 7

Crystal Palace Community Trust Limited
Trustees, Report
Establishing and maintaining a prudent level of reserves
cpcr aims to ordinarily have reserves in the range of 3 to 6 months of curient annu31 operating expenditure. In the
event of reserves dipping below the target CPCT will aim lo restore the reserves to at least 3 months of annual
expenditure over the next three year5. This could be achieved by increased fund raising, Increasing earned income
or reducing expenditure. If reserves 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
Bringing actual reserves into line with the policy
The unrestricted reserves held at 3113125 are £135k and have been calculated to Include a provision of £282k for
spend on the improving the building's internal and external fabric over the next 2 years to bring it back to what the
lease requires to be 'reasDnable" condition. It should be noted that currently120251 CPCT expect5 to be able to
raise £40k per year through its norm21 business activities towards this cost, and therefore should only need to use
£202k of these funds over the next 2 years11£282k less 2 x £40kl effectively bringing the avai13ble unrestricted
fund5 to £215k1£135k + £80kl. This c3lculation assumes that rent is to be paid to Bromley* which is currently being
negotiated..
The trustees expect that, in 2025126, overall earned income will remain at a level con51Stent to the previous year
documented here, and that rate of operating costs increase is likely to follow a Similar pattern
Monitoring and reviewing of reserves policy
The trustees will consider current CDSts of closure and examlne the level of reserves each year when setting the
following yearfs budget. This reserves policy will be reviewed at a minimum every two years.
Risk Assessment
The Board of Trustees has conducted its own review of the major risks to which the charity 15 exposed, and
system5 and measures put in p13ce to mitigate those risks. External risks to the continuation of external grant
funding have led to the development of a re-worked strategic plan along5Ide an updated fundraising strategy
which will allow for diversification of funding and activities. Internal risks are minimi5ed by the implementation of
procedure5 for authorisation of all transactions and projects and to ensure con51Stent 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 accounts
externally audited, which is currently beyond the statutory requirement.
Provision of information to auditors
In accordance with company law, the companty5 director5 CDnfirm 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 companv,
they have taken all the steps that they ought to have taken in order to make thernselves aware of any relevant
audit information and to establish that the company's auditors are also aware of that information.
Page 8

Crystal Palace Community Trust Limited
Trustees, Report
Membership & Election of officers
All members will have an opportunity to attend a general meeting which is held annually to revlew 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 comprlse 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 business members
5 persons, one from each local authority that is invited to nominate members of the 8oard.
A third of the Board elected in this way wlll retire annuallv
Other Board member5 wi15 be nominated and appointed on an annu31 basis.
The Chair, Vice-chair, Secretary and Treasurer will be elected by the Board from amongst the duly appointed
Trustees, at its first meeting following the AGM. At present the Board has 6 trustees and a representative from
Bromley. The Board of Directors meet5 bi-monthly. It is the major decision 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 matters and staffing appointments
To ensure compliance with all of the Trust'5 contractual and governance obligations
To consider all legal matter5 and ensure 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.
Approved by the man3gement committee on the 15108125 and signed on its behalf by-.
Mark Painter- chair, Crystal Palace Community Trust
Dated..
Page 9

Crystal Palace Community Trust Limited
Statement of Trustees, Responsibilities
The trustees Iwho are also the director5 of Crystal Palace Community Trust Limited for the purposes 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 requlres the trustees to prepare financlal statements for each financial year. Under company law the
trustees must not approve the financial statements unless they are 58tisfied that they give a true and fair view Df
the state of affairs of the charitable company and of the incoming resources 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 policie5 and apply them con51Stently,'
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 anv
material departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will 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 ch3ritable company'5 website. Legislation governins the prepar3tion and dissemination of financial
statements may dlffer from legislation in other jurisdictions.
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approve
by the trust
f the charity on23August 2025 and signed on its behalf by..
Mark Painter
Chairman and trustee
Page 10

Crystal Palace Community Trust Limited
Independent Auditor's Report to the Members of Crystal Palace Community Trust Limited
Opinlon
We have audited the financial statements of Crystal Palace Community Trust Limited (the 'charity'l for the year
ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash
Flows, and Notes to the Financial Statement5, including 3 summary of significant accounting policies. The financial
reporting framework that has been applled 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 (United 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 2025 and of its incoming resource5
arLd 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 requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of
the financial statement5 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 Ethica
standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
belleve that the audit evidence we have obtained is sufficient and appropriate to provide 3 basis for our oplnion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the tru5tee5 use of the going concern basis of
accounting in the preparation of the financial statements15 appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to event5 or
conditions that, individually or collectively, may c35t significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve month5 from when the original financial statements were authorised for
issue.
Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described in the
relevant Sections of this report.
Other informatlon
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 to 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 Community Trust Limited
In connection with our audit of the financial statements. 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 mi5Stated. If we identify such material
inconsistencie5 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 15 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 Companies 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 statement5 are
prepared is consistent with the financial 5tatements,- 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 Trustee5' Report.
We have nothing to report in respect of the following 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 financial statements are not in agreement with 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.
Responsibillties of trustees
As explained more fully in the Statement of Tru5tees' Responsibilities Iset out on page 101, the trustees are
responsible for the preparation of the financi31 statements and for being satisfied that they give a true and falr
view, and for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as
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
frorn 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 IUKI will always detect a material misstatement when It exists. Misstatements can arise frorn
fraud or error and are considered material if, individu311y 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 which our procedure5 are capable of detecting irregularities, including fraud is detailed 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 regulation5 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 law5 and regulations for which non-compliance may be fundamental to the operating
aspects of the business ar to avoid material penalty include complying with the lease obligations for Anerley Town
Hall.
Audit procedures undertaken in response to the potential risks relating to irregularitie5 (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 potential litlgation or claims,. inspection of relevant legal correspondence,. review of board miriutes,.
testing the appropriatenes5 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 Identified. However, the Ilkelihood of detecting irregularities,
including fraud, is Ilrnited by the Snherent 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 15
an unavoidable risk that material misstatements m3y 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'./lwww.frc.orE.uk/3uditorsresponsibilities. This description forms p3rt of our
auditor's report.
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Crystal Palace Community Trust Limited
Independent Auditor's Report to the Members of Crystal Palace Community Trust Limited
Use of our report
This report is made 501ely 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 50 that we might state to the charity'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 or 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 & 8illet Road
Blackhe3th
SE2 ORB
a7. August 2025
Page 14

w o
) Cts
o o

Crystal Palace Community Trust Limited
Statement of Financial Activities for the Year Ended 31 March 2025
{Including Income and Expenditure Account and Statement of Total Recogni5ed Gains and
Losses)
All of the charity's activities derive frorn continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 20.
The notes on pages 19 to 35 form an integral part of these financial statements.
Page 16

Crystal Palace Community Trust Limited
(Registration number: 05090173)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Inve5tmen15
13
2.824
114,507
7,585
119,580
14
117,331
127,165
Current assets
Debtors
15
41,634
492,545
4,716
525,407
Cash at bank and in hand
16
S34,179
530,123
Creditors.. An)ounts falling due within one year
17
1191,4241
1196,6021
Net current asset5
342,755
333,521
Total 3S5els less current liabilltles
460,086
460,686
Provisions
19
1282,4081
1296,3651
Net assets
177,678
164,321
Funds of the charlty:
Restrlcted Income funds
Restricted funds
42,309
48,864
Unreslricted income funds
Unrestrlcted fund5
135,369
115,457
Total funds
20
177,678
164,321
The financial stateme
2025 nd signed on
on pages IS to 35 were approved by the trustees, and authori5ed for issue on￿AUguSt
f by..
Mark Painter
Chairperson and trustee
The notes on pages 19 to 35 form an integral part of these flnancial statements.
Page 17

Crystal Palace CommunityTru5t Limited
Statement of Cash Flows for the Year Ended 31 March 2025
2025
2024
Note
Cash flows from operating activities
Net cash income
13,357
82,079
Adjustments to cash flows from non-cash items
Depreciation
Investment income
Revaluation of investments
6,182
18,8091
5,076
6,149
16,4311
110,6981
15,806
71,099
Working capital adjustment5
Increase in debtors
15
IDecreasel/increase in creditors
Decrease in provisions
Increase/ldecreasel in deferred Income
136,9181
15,2061
113,9571
28
12,2661
15,950
1130,5371
113,7111
17
19
Net cash flows from operating activities
140,2471
159,4651
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible fixed assets
8,809
11,4241
6,431
15,6291
13
Net cash flows from investing activities
7,385
802
Net decrease in cash and cash equivalents
132,8621
158,6631
Cash and cash equivalents at l April
Cash and cash equivalents at 31 March
525,407
584,070
492,545
525,407
The note5 on pages 19 to 35 form an integral part of these financial statements.
Page 18

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
I Charlty status
The eharity 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 it5 registered office is..
Anerley Town Hall
Anerley Road
London
SE208BD
These financial statements were authori5ed for issue by the trustees on23August 2025.
2 Accounting policies
Summary of significant accoLtnting pollcies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all the years presented. unles5 Otherwise stated.
Statement of compliance
The fin3ncial statements have been prepared in accordance with Accounting and Reportlng 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 leffertive 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 Act 2011.
Basls of preparation
Crystal Palace Community Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabillties are initi311y recognised at historical cost or transaction value unless otherwise stated In the relevant
accounting Policy notes.
Page 19

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Judgements and key sour¢es of estimation uncertainty
In the application of the charity's accounting policies, the directors are required to make jLJdgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimate5 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 period5 in which the estimate is revised where revisions affects only that period, or in the
period of the revislon 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 liabilities within the next financial year are addressed below..
Repair works provision for Anerley Town Hall
Under the term5 of the lease for Anerley Town Hall, that the charity entered into on 21 March 2017, 15 3
dilapidation/remedial works requirement that is provided for by the Trustee's, based. on the 35sumptions and
estimates given in Note 19.
Income and endowments
All income is recognised once the charity has entitlement to the Incorne, 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 h35 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
chaTIty 15 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.
Grunt5 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.
Oeferred income
Deferred income represents amounts received for future periods and is released to incoming 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 irnposed conditions which must be met before the charity has unconditional entitlement.
Investment income
Interest income is recognised using the effective interest rate method.
Page 20

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Expenditure
All expenditure is recognised once there Is a legal or constructive 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 costs 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 assevs use.
Other support costs are èllocated based on the spread of staff costs.
Raislngfunds
These are costs incurred in attracting voluntary income, the management of investments and those incurred In
trading activities that raise funds.
Charitable octivities
Charitable expenditure comprises those costs incurred by the chaiity 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.
Grant provisions
Provisions for grants are made when the intention to make a grant ha5 been communicated to the recipient but
there is uncertainty about either the timing of the grant or the amount of grant payable.
Governance costs
These include the costs attributable to the charit¢5 compliance with constitutional and statutory requirements,
including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore
it meet5 the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity 15
potentially exempt from taxatlon in respect of income or capital gain5 received within categories covered bv
Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable G31ns 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.
Depreciation and amorti53tion
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, les5 3ny estimated resldual
value, over their expected useful economic life as follows..
Asset class
Equipment, Furniture and Fittlngs
Depreciation method and rate
Straight Ilne over 3 years
Page21

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Fixed asset investments
Fixed asset investments, other than progr3mme related investments, are included at market value at the balance
Sheet date. Realised gains and losses on investment5 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 sn 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 services performed in the ordinary course
of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised 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 amoijnts due
3ccording to the original terms of the receivables.
Cash and cash equivalents
Cash 2nd cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change In value.
Trade credltors
Trade creditors are obligations to pay for goods or seivices that have been acquired in the ordinary course of
business from Suppliers. Accounts payable are classified as current liabilitles if the charity does not have an
nconditional right, 3t the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date. they are presented as non-current liabilities.
Trade creditor5 are recognised init1311y at the transaction price and subsequently measured at amortised cost using
the effective interest method.
Provlsions
Provisions are recognised when the charity has an obligation at the reporting date as 8 result of a past event, it is
probable that the charity will be required to settle that obligation and a reliable estimate can be mède of the
amount of the obligation.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of
the objectives of the charity.
Page 22

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates 3 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 compensation.
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
15 measured using the projected unit credit method. The present value of the defined benefit obligation is
determined by discounting the e5tim3ted future payments by reference to market yield5 at the reporting date on
high-quality 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 gain5 and losses are charged or credited to other comprehensive income In the period in which they
arise.
Page 23

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
3 Intome from donations and legacies
ijnrestricted
Total
2025
Total
2024
General
Restricted
Donations and legacies,.
Donations from individuals
Grants, including capital grants,.
LB Southwark
Jack Petchey Foundation
LB Bromley
BBC Children in Need
Young Londoner's Fund
Garfield Weston
Clarion for Foodbank
Groundwork
1,070
1,290
2,360
308
27,126
9,873
5,097
9,081
22.135
1,800
15,291
1,800
15,291
30,000
8,931
30,000
8,931
5,320
500
LB Brornley HAAF
W G Edwards Charitable Foundation
8romley children and Families Forum
Bromley Children and Families Forum
Clarion Futijres
Penge Bid
Bromley Black History Month
Westow House
Sue Giovanni
33,105
33,105
30,329
I,ioo
750
6,282
6,282
2,538
495
500
145
145
467
467
1,070
97,311
98,381
115,152
Page 24

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Income from charitable activities
Unrestricted
Total
2025
Tot31
2024
General
Restricted
Bureau Services
240
240
380
Other Service Charges
other income
22,545
16,279
199,987
237,917
22,545
17,249
199,987
237,917
25,487
31,506
193,730
212,924
970
Hall Space Hire
Office hire
476,968
970
477,938
464,027
5 Investment income
Total
2025
Total
2024
Interest receivable and similar income;
Interest receivable on bank deposits
8,809
6,431
8,809
6,431
6 Expenditure on raising funds
al C05t5 of generating funds
Total
2025
Total
2024
PR and promotion
4,935
5,530
Page 25

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
7 Expenditure on charitable activities
Total
2025
Total
2024
Staff costs
Increaselldecreasel in dilapid3tion provision for revision
Rent
216,556
113,9571
12,000
49,402
7,163
18,110
13,958
47,800
1,650
3,436
46,183
5,323
3,068
82,877
218
239,298
1130,5371
12,000
55,116
12,84G
28,192
5,384
40,839
276
Utilities
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
Staff training
Depreciatior)
Direct costs
6,182
16,845
34,159
5,520
5,270
Rate5
Audit
Sundries
561,763
508,698
In addition to the expenditure analysed above, there are also governance costs of £5,52012024 - £5,328) which
relate directly to charitable activities. See note for further details.
Page 26

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Net incomingloutgoing resources
Net incoming resources for the year include:
2025
2024
Audit fees
5,520
6,182
5,328
6,149
Depreciation of fixed assets
9 Trustees remuneration and expenses
No trtjstees, nor any persons connected with them. have received any remuneration from the charity during the
year.
No trustees have received any reimbursed expenses from the charity during the year.
io staff costs
The aggregate payroll costs were as follows..
2025
2024
Staff c05t5 during the year were:
Wages and salaries
Social security cost5
Pension costs
203,284
9,171
4,101
227,738
9,804
1,756
216,556
239,298
The monthly average number of person5 (including senior management I leadership tearnl employed by the
charity during the year expressed as full time equiv31ent5 was as follows:
2025
2024
Direct charitable activites
12
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key man3gement personnel of the charity were £64,04212024 - £52,283).
Page 27

Crystal Palace Community Trust Limited
Notes to the Financial Statement5 forthe Year Ended 31 March 2025
11 Auditor5, remuneration
2025
2024
Audit of the financial staternents
5,520
S,328
The above remuneration includes services 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
Furnlture and
equipment
Total
Cost
At l April 2024
Additions
Disposals
61,382
1,424
11,0641
61,382
1,424
11,0641
At 31 March 2025
61,742
61,742
Depreciation
At l April 2024
Charge for the year
Eliminated on disposals
53,800
6,182
11,0641
53,800
6,182
11,0641
.At 31 March 2025
58,918
58,918
Net book value
At 31 March 2025
2,824
2,824
At 31 March 2024
7,582
7,582
Page 28

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
14 Fixed asset investments
2025
2024
Other investments
114,507
119,580
other investments
Listed
investments
Total
Cost or Valuation
At l April 2024
Revaluation
119,580
15,0731
119,580
15,0731
At 31 March 2025
114,507
114,507
Net book value
At 31 March 2025
114,507
114,507
At 31 March 2024
119,580
119,580
15 Debtors
2025
2024
Prepayments
41,634
4,716
16 Cash and cash equivalents
2025
2024
Cash on hand
581
744
Cash at bank
491,964
524,663
492,545
525,407
Page 29

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
17 Creditors.. amounts falling due within one year
2025
2024
Trade creditors
48,000
65,373
78,051
36.000
82,579
78,023
Accru315
Deferred income
191,424
196,602
18 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-c3ncellable operating leases are as follows..
2025
2024
Land and buildlngs
Within one year
Between one and five years
24,000
24,000
24,000
48,000
48,000
72,000
Discussion5 Wlth Bromley Counci1 have commenced, to agree on nullifying our ongoing rent commitment for
Anerley Town Hall in light of the resources expended in looking after the building alongside the provlsion of
services supporting the local community of Bromley borough residents.
Page 30

Crystal Palace Community Trust Limited
Notes to the Financial Staternents for the Year Ended 31 March 2025
19 Provisions
Dilapidations
provision
Opening balance
Utilised during the period
1296,3651
13,957
At 31 March 2025
1282,4081
As part of the forty-year lease of Anerley Town Hall that commenced on l April 2017, the charity h35 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 origin31 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.
A5 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 br03d view of the main
works envisaged. Between now and 2027, ongoing dialogue with 8romley Council Estate officers has been sought
to ensure we are Successfully working towards the same understood goals.
Type
Internal Decorations
Main feature
20,000 Paints walls, ceilings etc
15,000 Carpetslfloorings
5,000
Window easing / leaks / Doors
Internal New
Internal Repairs
Outside Cleaning
Outside Decorations
3,000
Jet Washing etc
30,000 Window fr3mes/dDwnpipes
94,804 Replacement Windows
55,000 Repointing18rickwork l Dr3ins l Roofs
7,366
Heating Controls
30,000 Lighting and Wiring Upgrades
Outside New
Outside Repairs
Mechanical
Electrical
Sub Total
230,170
Contingency
22,238 Allowance for unknown eventslhappenings
Total
282,408
Page31

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Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
The specific purposes for which the funds are to be applied are as follows..
l. Kingswood This funding carne to an end in 2024125 and supported the work of a detached team of youth
workers helping young people living on and around the Kingswood Estate, in Southwark
2. Youth Services
Funds received supported the running of the twice weekly Youth Club and School Holiday
schemes primarily aimed at those on free school meals. CPCT also supported the running of it this year with Eiok
of unrestricted funds
3. Elders -Funds from Bromley Council helped provide weekly sessions for elderly local people as well as affordable
day trips to the seaside
4. Funded Staff - The marketing intern position w3s funded until June 24 and then continued under unrestricted
funds thereafter. £30k was received and carried forward into next year from Garfield We5tDn to support the kev
Trust Development Manager role
£10,501 transferred from unrestricted funds in relation sponsoring the Youth Services for the financial year and
leaving the balance of £470.
This is the net 3rnount of what Is yet to be received and funds yet to be spent.
(Bromley Children and Families £6,282 yet to be received less -£3,300 the same unspent, less -£1,071 Jack Petchey
unspent and -£1,459 Clarlon Unspent)
£3,502 transferred from Kingwood Community shop to Kingwood detached,.
£3k - Donor confirmed they were happy for the charity to utilise the donation as you see fit and the intention
behlnd it is still there- to support the community where it is most needed.
E502- The £500 was from Leslie Mccombie, who's son donated it on his behalf in 2020. It was donated with the
Kingswood Estate in mind.
Page 34

Crystal Palace Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
21 Analysis of net assets between funds
2024 net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2025
Restricted
funds
Tangible fixed assets
Fixed asset investments
2,824
114,507
491,024
1190,5781
1282,4081
2,824
114,507
534,179
1191,4241
1282,4081
Current assets
43,155
18461
Current liabilities
Provisions
Total net asset5
135,369
42,309
177,678
2023 net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2024
Restricted
funds
Tangible fixed as5etS
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
22 Related party transactions
There were no related party transactions in the year.
P3ge 35