Charity numb•r. 1120214 Company Nunknr. 06148015 R•port of th? T￿$t￿￿ and Flnandal Stal•m•nts For th• ye•rended 30 2023 4ACYJ8EEP* 0910312024 CCXIPANIES HOUSE A11 #239 Th• Ch•ls•a Players T￿￿t C¢)ntwt8 Page Tru51eg5' rewt Independent eXomin•rs' r ststemenl of fin￿K>￿ activithes Balan￿ sheet Note5 to the financial staternents 9-13 Th• Ch￿$*a Plwrn Trus¢ Trustees, report Fof lh• y•ar ended 30 Jun• 2023 The Trusl88s prasent their ffjp>l (rf the tharity year eThJed 30 June 2023. TTUStoes have gdopted the provisions of the Statement ul Re¢xxnrnended Practice ISORPI "knwitsrvj and Rep)rting ty Ch¥iti6s" IFRS 1021 in preparing the annual r8POrt and financi* statements. The fin*Kial Stat￿nents have begn prgpa(gd in acgtydaru ￿7th the acrwntiThJ pol￿eS set out in notes to the accounts and comply *ith the charity's LTherr¥r#J do¢wnenL Cknaribes A¢a 2011 and Accounting aThJ Reportin9 by Charilies.. Statement of Recommended PradK¢ applicaLrfe lo tharilres preparwwJ their accounts ￿ ￿c￿dan ilh the Finan¢ial Reporbrvj Standard appli¢able in the UK ReP￿41C of Irejand. PRINCIPLE ACTMTY The prinapal actiwty Chanty is lo relitswe in Cases ol nwj. hwdthip or distress Fwsons who are or h8ve been employ&J or engaged by Chelsea FC plc or its assooaled entitie& OBJECTIVES AND ACTMTIES Obiectives and alms Thg objecls of the Ch* we lo relierfe in c￿S of need. hartslmp or distress persons aro or have boen pIoy8d or ￿gaged by Chelsea FC plc, or its aSs￿lated ￿t￿leS and famili$s ond ￿e￿ndentS of su(* persons induding. but V4ithout limitation. any pers￿$ TA1￿ 1$ or has been a player, man¥Jer or member d lh¢ rn￿1￿1. coaching ￿ ￿OutIng stalf at first le￿. reserve team academy I￿e1. Grant Maklng The Charity invites applicali(m for grants and eath applicab￿ 1$ by Iho T(￿18e5 agalr￿1 the o*'eclives of the Charity. Thro￿ its grant makiry athibe5, charity furthe￿ ils djjeds an prtyidgs public ￿efIt. Achievement and p•rfomianc• The Chelsea Players. Tmst ojntinues to fiThJiry ar#J fc¥ aWTent arKI lofflier r4ayws. particularfy those have lallen hwd brnes. enablng us to gr4e back to tkb)se vtho help mako Ihis vkbat it is Th• Ch•lsea Pl*yern Trnst Tru$t•os' r•port (Conl For Iho yoar onded 30 J￿• 2023 FINANCIAL REVIEW R•s•r¥•s poll¢y The Tr￿te¢S have review￿ the re￿r¥￿$ of Charlty and consi(kred the level of reserves il is appropriate for the Charity lo hold lo ensure it is p￿Ided with finalrial ftexibih.ty WKI a cthshion against any futu￿ shor1fa￿S irt income. The levd rA free re5er¥es al 30 June 2023 £177.837 {2022: £167.7451. al d wthich is unrestrided. The twstÈès consider tIMs level of free reserves satisfact￿Y to meet frJture donakn. The tnJ#ee$ walLth pn)posed donaliorKs cautiously havin9 rogard f¢yfLw￿s availatAe. bolh currenljy and in the futwe. Inv•slm•nt Pollcy The Trustees h8¥• to iTr4est the furvts as ty se8 fl as set out in the Memorandum ¥NI ArtK4e$ of Associ8ti0n. Futur• D•v•lopm•nt The IrLLslees Vlill c£￿tinUe lo seek out and assist beneffioarie& tIM)se whom the tntst ha5 already mado grarts. Golng Conc•m The Trustees have a reasonable expectati(￿ that the tharity has •dtyualg resources lo continue in operational •xistèn¢e fof foreseeatAe future. F￿ this reason. tlw continue to #dopt thè png concem bass in preparing the ffinanaat statanen The Chels•• H*yern TNst Truste*s' feport (C41nthuodJ Foi thè #r ended 311 June 2023 Registered Charity NLrnW. R¢gi$tered C(¥npany Numbor. Registwed office: 1120214 06148015 stam￿ Bridge Grour¥l. F￿h￿n Road. Lon(h)n. SW6 1HS TNst••$ The trustees who served th¢ ¢haiity thJriThJ the wiod 8$ fdl(MS.' Neil Bath Emma Hayes Flchard Damian D Finkelstein (*y#nled 08 Febru¥y 20231 Our advlsors Ex8mirt•rn' H•nes Wats 17 Que￿5 Lane. ￿. NE1 1RN Bankers Bartljys Bank Pal W CryFrfy* Bar&kir£ Centre. 50 Pall M*1. Ltxvkn, SW1A 1a4 Soli¢>ltys Mud(le LLP 32 Galo•*Jale. NtKastle Tyne. NE148F Goveming d¢)cuThnt oryaAi2otion 13 a charitsblè canwy. Ivniled by war8nt•o. on 9 M•r¢h 2007 aThJ wister￿ as a charity on 24 thAy 2(XJ7. The charity 4Yas est*ish&J undw a MeMtr￿uffl crfAs9xiati￿ Vth￿h adcyted the objects d p0￿r5 of the thwitable comparry arKI is g(wemed uThJer its Artides of Awiation. each a5 amerthd by sp•cial fesolulion on 5 December 2017. The n*ne d the Ch•ity was by speoal ￿OlutiOn passad ￿ 16 OctobeT 2019 ¥nd tho certificate r1irwwporat1c￿ on d￿￿e d nwne wa5 i5W8d 6 Febnw 2020. Oryanlsatlanal stru¢turn The ffinanLial ststwxents crynply umnt ￿alu￿ requirements. the mwnorandum and aiticles cl asso¢ialion and the Statemont of Re¢rynmernled Prxtrce - Accountir¥J arml Reporting by Charilios. The trustees meet on an ad hoc basis to rv4iew a￿1 assess donation requests for￿￿OI10ft$ frtyn the Chanty. The Ch•lsea PlayM¥ Trust Twstees, report (Contth For the year end•d 30 2023 Appointment of Iryst¢ As sel out in the ￿￿￿e5 of As5ry>ation, Trustees ￿ inviled to ic*n Bowd. At Igast ono Trustee musl be a dhredor or employee d Chejsea FC {*. Inducllon and tralnlry of trust•4s On arwinlment. trustees undertake an induct￿￿ proJramme that indth lanilarisation with the pwposes and operation of the Charity. its 5trateges and its ot4ec*iv¢s. Thtre 1$ ¢wrenlly rK) orwJ(Mng training proJTamme for Tru51ee5. Relatsd Partlos Che1￿ Footb￿ Club pk {CFC) has Charity fThnciaty l￿wah logistical. a¢￿UnI11Y4 ond administration supptyi ￿leT tr* year. Risk hlanagement The Trustees have a lis% mwwmenl Strategy *ly(* Ixjmprises". An annugl review of the risks the charity rnwface: The eSia￿l$hmont d sysiems and procedures to miligale those risks Id￿l￿ed in the *n,' ¥rKI The impf•m8nt*ion crf prttedures desyiod to Mira￿Se any potenti* impact on the Charity should fi$k$ maleriali5¢. Th• Ch•ls•a Play•rn Yru¥t Trustees. report (ContpxK For th• •ar •nd•d 30 June 2023 STATEMENT OF TRUSTEES RESPOIISI8ILmES The trustees Iwl•) are 4150 thr¢¢ttys Chelsea P*rs Trttsl purpK)ses of e¢xnpany lawl are responsible for prèparing the Llrectors. reimyi and the finanoal statemerts in wth applica￿• law and United lfjngdthn Ac£ountir¥J Slandards {Uniled IfjWn Gewalty *A>¥ed Praclicel. C￿nPanY1•W requires the tru*ees to Prep￿ fmanrAal StatUne￿ lor eath financial year gNe a tru• and fair view of Ihe State of affars of the charitatle (xrfnpany al￿ of lh8 inc￿ning res0￿￿ and applIcatic￿ of resources. induding the incorne eXpen￿tU￿. ckn"taI￿e c(xnp¥ry for that pOrK￿. In preparing th￿ finwKial statements. the trusteès are requiftd to: s•l8et suitable #¢xwnling potKies and then appty them &￿51ent1Y,. observe Ihe methods 8nd prirriples in the Charibes SORP 2015 {FRS 102): mak8 judgements and estwnales that r¢ason* arml Pr￿len¢. stale vthethef appliCa￿e UK AcC￿n￿"￿4 Sl¥ttJ•rds ha¥• be￿ folky*J. ts￿1￿1 to any m8iwral depart￿¢$ disclosed and explained in thè financial ststements". p￿Pa￿ the finanu81 stslements cn the ￿￿n9 corwn basis unless inappropriate to prgsume that the ¢haritsble company *ill Contin￿ in opeTai*Jn. The trnstees are resp(msble for kee￿r￿j odeqLth a¢o￿t￿￿ th•t disdose with re45rffiable accuracy at any time the financial pO￿l0ft ol the charitabte ctsnpary and enawe to ensure that the finarbrial statements comply ith the CornpwMe5 Act 2Q)6. are dso resp￿￿ible f(K 5afegLwrding the ass8ts ol the charitable c(Ynp8ny oTrJ hencè for18king reasonable steps for the pThention aThl detecti￿ of fra￿ and othèr irwulariliès. So lar as each d the trusl•es is a¥Ydf8 at tl* b.rne the W 1$ ￿ed.. therg 1$ no fdthfart audit infomi*ity) of **¥¢h th& th8rilatts ￿nP￿S a￿JItorS are unaware. and the Irustees hwe token *1 steps Ihal they ought to have taken to makè thMe￿aS avoro of ary rolwant audit inf0m￿tion and lo estat4ish that the a￿*t0[S are •vare of thal inf(￿a￿On. ved tythgtrusleesfM.... ... .. 2024 and signed its behalf. ty. D Finkelstein Twstee Th• Chalsea Player* Tru•t Independent Éxamh*rfs R¢port to the Tvustees olTh• Chdsea Play•rs Trust For the y•ar ended 30 J￿e 2023 I r¢porl to Ih• ¢Pwity Irwl•gs on my exaninatM)n rj ts XClAmts of the charity for the year ended 30 June 2023 vthich are set out on p4es 7 to 13. Responsibilities and basis of report As Ihe tharity trustees Y￿ we resp(Yw"ble Fveparalth of ￿ accounts in accordance with the requi￿ments of the Charitie$ Act 2011 Ilhe 2011 A¢r). I rewt in respect of my exarnination d the c*ariWs acCo￿ts carried cwt under se¢bon 145 of (he Ad and In ¢¥rrying out my ex￿l￿￿'0￿ I have fd10￿1 all the *iGable DIre¢l￿n$ giThi by th& Ctsrity Cunmission under se¢tion 145lSllbl of fv Ad. Independent examinerf$ statemmt I have completed my èxamination. l cOr￿mI that rK• m•teri41 matters h￿e CL¥ne to my attention in c(fflnectwJn %wth the examinabon sivry me caLLqe to ￿e¥e that in any m*rial resFed'. . 8ceounling wert Th)t kept tn resp*c¢ d Ihe as retyAred by srftion 130 rf ts Ad: or 2. the a¢¢¢￿1$ do not 8c¢ord wilh ihose rawds". or 3. the accounts do nol comply *Yth the applicatde req￿reM￿￿ cmming the forn and ctrlent of a¢¢ounts ¥et out in Ihe chariti￿ (l£co￿ts arKI Repryts) Regulati￿$ 2008 dher than any r4uirem•nt that the aeeauhts and farvithrf ¥knich is not a matter CO￿dered as part of an independent examination. I have no ¢(¥Kwns and have r3yne a(yoss no otlw matters in with thè ex￿InatiOn to which attention ShO￿d be drnvm in tro5 report in ordw to enat48 8 Kryer of th8 actounis to bo rnxhed. H•ln•s Waits Chart•r•d knuntants & St•tutory ￿￿dItO 17 Queens La Ne4￿Me UF*)n Tyne NE11RN The Chelsea Play•w¥ Tn Statement of Flnan¢l*l Acti¥ftles For the year ended 30 JIM 2023 TOL 2023 Total 2022 funds funds Notss Incom• from: Donations Inves1m￿t inc(¥ne 1.647 1.647 51,647 51.647 Expendliure on: Charilable acbvibe5 41.555 41,555 3.699 41.555 41.555 3,699 N•1 mov•m•nt in funds 10,IJ92 10,092 { 3.6991 Reconcifiatlon of lunds Total lunds brought foNA 167.745 167.745 171,444 Tot•1 funds carrfed forw•rd 177.837 177.837 167.745 Al Income 8tKI e¥peThliture èli#en frc¥n cffilrniing &tpiitie& Th• chels￿ Playern Trust Balance Sheet As at 30 June 2023 2023 2022 Current ass•ts Debtors Cash 81 bank and in hand 37,432 140.405 283.138 177.837 283.138 Crndi¢ors: gmowtsfdling due (115.3931 177,837 167.745 Net a89•18 171.837 167,745 Funds Ufveslncted 177.837 167.745 Th• ccthpany is •ntitled to frrm th¢ a￿111 r4urnm•nt conl&ned in section 477 d the C￿￿panIeS Act 2006. for the year wded 30 J￿e 20rJ. Truste8s ackncMle¢Yg8 their re￿on￿bilib"fjS fty ensuring that ts Charity keeps arLounting recuds ￿lch comply ith section 386 crf tho Act and for wepariThJ fina￿1* slatements ￿￿¥0 a Iru8 aThJ fail view of the state of affairs of the as at the end d Ihtr finan¢i* year al￿ of its irKtyniThJ reswr¢85 and appli¢ation of fesoureas. including its ir*une •ThJ 4¥pu￿11￿¢. for thè finaThxal year in a¢¢￿#￿¢* *ilh lh• r4LMi8m8nts of s•di¢)ns 394 and 395 wthich otheTh%ise comply Mith the I￿￿[emen1S d the Companies Act 21KJ6 reh￿ing to the fKwiaal statements, so far as apFAicable to the c(thpany. The rnernbers have Thjt requred the crAnpany to obtain ￿ au¢tht of its financial statwnents for the ye¥ In qLWtKM In cttdanc¥ w4lh Sectir￿ 476. T￿ ffinanciol stalem•nts have been wep¥8d in ac(xxda￿a *ith ihe pwsicffi5 applicable to ctJnpanies subject to th8 smal ¢ompantes regKn8. The finar£iAI slatunenls wère ￿e￿ by the truslees on ........ . 2024 and syied ffi ther behaff by: D Finkelstein Trustee Company Number. 06148015 Th• Ch•lg•a Playms frust Not•s to th• financial slat•m•nts For th• y•ar •nd•d 30 June 2023 AGCOUntlng Poli¢ioS The Chelsea Playws. Tn￿1 is a prN*• c4Jnpany Ibmhtwj lry wante¢ ICcmpar48$ No. 061480151 and registered charity (Registered Charity No. 11202141. 11 1$ irKorporaled ar￿ doxi¢tled in Er4Jland ar#J Wale5. The regtstered crfftce rs Stamford Bridge. Road. Lon(kn. SW6 1HS. UK 1.1 Basis of ae¢ountsng The charity c￿ltu￿$ a putAl¢ b¢r*fft entity 8$ deffin￿ by the FRS 102. The finano¥al stslements have t￿en prepared in accordan(% ¥•ith A(xounb"ng aThJ by Charitigs.. Statement of Re¢onmendod Pr&ti applicat4e to chwities preparing t￿( a¢xounts in a￿da￿e *ilh thg Financial Repo￿n9 StawKlard applicable in the UK ond Re￿ie of Ir*rhd IFRS 1021 i8wed in O¢Xober 2019. the Fin￿al Rewting Standard applicat4e in ts United Kil￿ •rKI R￿t￿l¢ of I￿¥*j (FRS 102), the Charilies Act 2011, and UK Generally Accepted AccwntirvJ Pradi¢e. The finanaal stattynenls hwe t*en w8p¥¢d to give a In* ¥ryl fairf view al￿ have departed from the Charities (Accounts and Rep&ts) Regulolicrt 2C￿ only to the extent re9￿￿ed lo pro¥Nle a Yrue and fair viev¥. This departure has invdved f￿1￿￿1￿j the Accounting ￿ Reporting by ch￿tieS.. Slatement of Reccthmend•d Pr•¢ti¢e applcaile to ¢harilies pre￿￿ their acc4)unts in ￿C￿dance With the Financi4 Repytsn9 Standard applicat4e in the UK Re￿1¢ {FRS 11Y2) on 16 Juty 2014 rather than the Aco)untiTrJ and Reportirvj by Charitiès: Stalem•nt d RecLMThxanded Prxlic• *ff¢thie frryn 1 Apn'l 2005 *thich has sirKe been thdrawn. The finanaal slatemtnts arn prnpartyj m a 90ir•J wder histtyi¢al cost CCYNention, modified to indude certain items at fair v*u•. The financi* knents ar¢ pr¢sent￿j in sterfing is the furKtion curron¢y d the charity •rKJ rourvjed to the rwrest £. The sgnfficant aceounling p)IicA•S applied in the poparJliM ￿ these finana4 st8lwnents are set cwt below. These ￿licIeS have been c4)nsistenUy applied to * yeats prèsented l￿lesS OtMMise stated. 1.2 Golng con¢¢m financial slatemenls have been pwaTrd cffj a ￿Ing ¢cmcern basis a5 ihe trustees bglieve thal no materid Uncertai￿*$ exisl. Thè tntstees have ¢me Expenditure Tran¥f¢ Unr•strl¢t•d fvnd$ G￿￿Tal fuTh 171.444 { 3,699 ) 167.745 10. Analpls ot n•t as¥•ts brtwn fvnds Yè rended 30 June 2023 Unwe$trf¢tsd Funds Cwrent assets Cwrent liakntsties 177,837 177.837 Unr•5tr1cted Funds Cuff￿1 assets cUrr￿t liatilioes 283,138 { 11S,3931 167.745 11. T￿re have been no related p•ty trwsaclims durry th• y12022- none). 12 Th• Ch•ls•a Pl•y•rs Twst Not•s to th• financw st*•m•nls (Cwjunwo) For th• y••r ended 30 J￿e 2023 12. Company Umltad by Guarnnt•• The company is limiled by membw5' guwanlees arKI therefore has ￿ share caw. Tho guarantee given by m8mbers 1$ limited lo £1. Comparallv• stat•m•Tht of lknancial actl¥ltl•s R•strlcted funds Total Totsl 2021 funds Incom* from: Donalions ,000 .000 Exp•ndllurn on: . Raising funds Chwitable aclviities 3.699 38.313 3.699 38.313 N•t rnov•m•nt In funds (3,6991 13,6991 11.687 Re￿￿¢1111¢1¢n of funds Total fuNJs brOL￿ht 171.444 171.444 159,757 Tolal funds carrl•d fonward 167.745 167.745 171,444 13