Charity number: 1120214 Company Number: 06148015
The Chelsea Players Trust
Report of the Trustees and Financial Statements
For the year ended 30 June 2025
The Chelsea Players Trust
| ContentsI | ContentsI |
|---|---|
| Page | |
| Trustees’ report | 1-5 |
| Independent examiners’ report | 6 |
| Statement offinancial activities | 7 |
| Balance sheet | 8 |
| Notestothefinancialstatements | 9-13 |
The Chelsea Players Trust
Trustees’ report
For the year ended 30 June 2025
The Trustees present their report of the charity for the year ended 30 June 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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.
PRINCIPLE ACTIVITY
The principal activity of the Charity is to relieve in cases of need, hardship or distress persons who are or have been employed or engaged by Chelsea FC Holdings Limited or its associated entities.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity are to relieve in cases of need, hardship or distress persons who are or have been employed or engaged by Chelsea FC Holdings Limited, or its associated entities and the families and dependents of such persons including, but without limitation, any persons who is or has been a player, manager or member of the medical, coaching or scouting staff whether at first team, reserve team or youth academy level.
Grant Making
The Charity invites applications for grants and each application is reviewed by the Trustees against the objectives of the Charity. Through its grant making activities, the charity furthers its objects an provides public benefit.
Achievement and performance
The Chelsea Players’ Trust continues to provide funding and support for current and former players, particularly those who have fallen on hard times, enabling us to give something back to those who help make this club what it is today.
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The Chelsea Players Trust
Trustees’ report (Continued)
For the year ended 30 June 2025
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FINANCIAL REVIEW
Reserves policy
The Trustees have reviewed the reserves of the Charity and considered the level of reserves it is appropriate for the Charity to hold to ensure it is provided with financial flexibility and a cushion against any future shortfalls in income. The level of free reserves at 30 June 2025 was £540,923 (2024: £366,224), all of which is unrestricted. The trustees consider this level of free reserves satisfactory to meet future donations. The trustees evaluate proposed donations cautiously having regard for funds available, both currently and in the future.
Investment Policy
The Trustees have powers to invest the funds as they see fit, as set out in the Memorandum and Articles of Association.
Future Development
The trustees will continue to seek out and assist beneficiaries, including those whom the trust has already made grants.
Going Concern
The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
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The Chelsea Players Trust
Trustees’ report (Continued) For the year ended 30 June 2025
Reference and Administrative Details
| Registered | Charity Number: | 1120214 |
|---|---|---|
| Registered | Company Number: | 06148015 |
| Registered | Office: | StamfordBridgeGround,FulhamRoad,London,SW61HS |
Trustees
The trustees who served the charity during the period were as follows;
Neil Bath
Richard Damian King D Finkelstein Dr Julian Redhead
Our advisors
| Examiners’ | S&WAudit | 17Queens Lane, Newcastle, NE1 1RN |
|---|---|---|
| Bankers | Barclays Bank | Pall Mall Corporate Banking Centre, 50 Pall Mall, London, SW1A |
| 1QA |
Structure, Governance and Management
Governing document
The organization is a charitable company, limited by guarantee, incorporated on 9 March 2007 and registered as a charity on 24 July 2007. The charity was established under a Memorandum of Association which adopted the objects and powers of the charitable company and is governed under its Articles of Association, each as amended by special resolution on 5 December 2017. The name of the Charity was changed by special resolution passed on 16 October 2019 and the certificate of incorporation on change of name was issued 6 February 2020.
Organisational structure
The financial statements comply with the current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice — Accounting and Reporting by Charities. The trustees meet on an ad hoc basis to review and assess donation requests for donations from the Charity.
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The Chelsea Players Trust
Trustees’ report (Continued) For the year ended 30 June 2025
Appointment of trustees
As set out in the Articles of Association, Trustees are invited to join the Board. At least one Trustee must be a director or employee of Chelsea FC Holdings Limited.
Induction and training of trustees
On appointment, trustees undertake an induction programme that includes familiarisation with the purposes and operation of the Charity, its strategies and its objectives. There is currently no ongoing training programme for Trustees.
Related Parties
Chelsea FC Holdings Limited (CFC) has supported the Charity both financially and through logistical, accounting and administration support over the year.
Risk Management
The Trustees have a risk management strategy which comprises:
An annual review of the risks the charity might face;
The establishment of systems and procedures to mitigate those risks identified in the plan; and The implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise.
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The Chelsea Players Trust
Trustees’ report (Continued) For the year ended 30 June 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also directors of the Chelsea Players Trust for the purposes of company law) are responsible for preparing the Directors’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the 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 then apply them consistently; . observe the methods and principles in the Charities SORP 2015 (FRS 102); ° make judgements and estimates that are reasonable and prudent; , state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that 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.
So far as each of the trustees is aware at the time the report is approved:
. there is no relevant audit information of which the charitable company’s auditors are unaware, and ° the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
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an OA is re rovedd byby thth e trusteestrust on ..AW/..io” Fely TED. 2026 an dd signedsigned onon its bebe ha lf,lf,bby:
D Finkelstein Trustee
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The Chelsea Players Trust
Independent Examiner’s Report to the Trustees of The Chelsea Players Trust
For the year ended 30 June 2025
| report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2025 which are set out on pages 7 to 13.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
| report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Craig Henderson S&W Audit
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Chartered Accountants & Statutory Auditors
No felerery 2026
17 Queens Lane Newcastle upon Tyne NE1 1RN
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The Chelsea Players Trust
Statement of Financial Activities
For the year ended 30 June 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2025 | 2024 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations | 2 | 387,000 | - | 387,000 | 243,040 |
| Investment income | 3 | 13,897 | - | 13,897 | 5,654 |
| 400,897 | - | 400,897 | 248,694 | ||
| Expenditure on: | |||||
| Charitable activities | 226,198 | - | 226,198 | 60,307 | |
| 4 | 226,198 | - | 226,198 | 60,307 | |
| Net movement in funds | 174,699 | - | 174,699 | 188,387 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 366,224 | - | 366,224 | 177,837 | |
| Totalfundscarriedforward | 540,923 | - | 540,923 | 366,224 |
All income and expenditure has arisen from continuing activities.
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The Chelsea Players Trust
Balance Sheet
As at 30 June 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 7 | 33,673 | 276,584 | ||
| Cash at bank and in hand | 507,250 | 89,640 | |||
| 540,923 | 366,224 | ||||
| Creditors: | |||||
| amounts falling due within one year | 8 | - | - | ||
| Net current assets | 540,923 | 366,224 | |||
| Net assets | 540,923 | 366,224 | |||
| Funds | 540,923 | 366,224 |
The notes form part of these financial statements
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.
The Trustees acknowledge their responsibilities for ensuring that the charity Keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Th ia| statements were approved by the trustees on jowe fas. ..... 2026 and signed on their behalf by:
D Finkelstein
Trustee
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Company Number: 06148015
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The Chelsea Players Trust
Notes to the financial statements For the year ended 30 June 2025
1: Accounting Policies
The Chelsea Players’ Trust is a private company limited by guarantee (Companies House No. 06148015) and a registered charity (Registered Charity No. 1120214). It is incorporated and domiciled in England and Wales. The registered office is Stamford Bridge, Fulham Road, London, SW6 1HS, UK.
- 1.1. Basis of accounting
The charity constitutes a public benefit entity as defined by the FRS 102. 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 (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2 Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the levels of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements.
- 1.3. Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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Notes to the financial statements (Continued) For the year ended 30 June 2025
The Chelsea Players Trust
1.4 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received
- 1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged against the cost against the expenditure which was incurred.
1.6 Debtors
Debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
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1.7. Cash at bank and in hand
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Cash at bank and cash in hand includes cash and short term highly liquid investments with instant access from the date of opening of the deposit or similar account.
1.8 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement after allowing for any trade discounts due.
1.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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The Chelsea Players Trust
Notes to the financial statements (Continued) For the year ended 30 June 2025
2. Income
| 2. | Income | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Donations and Legacies | 387,000 | 243,040 | ||
| 3. | Investment Income | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Bank interest | 13,897 | 5,654 | ||
| 4, | Expenditure | |||
| Unrestricted | Total | Total | ||
| funds | 2025 | 2024 | ||
| £ | £ | £ | ||
| Charitable activities | ||||
| Medical Bills | 71,325 | 71,325 | 2,128 | |
| General Expenses | 139,252 | 139,252 | 45,032 | |
| Wages and salaries | 15,621 | 15,621 | 13,147 | |
| 226,198 | 226,198 | 60,307 |
§. Trustees
None of the Trustees or any persons connected received remuneration or benefits from the Trust during the year.
6. Employees
There was 1 employee during the year (2024 — 1 ).
7. Debtors
8.
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Amounts due from Chelsea FC Foundation | 33,673 | 276,584 |
| Creditors: amounts falling due within oneyear | ||
| 2025 | 2024 | |
| £ | £ | |
| Amountsduetorelatedparties | S | - |
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The Chelsea Players Trust
Notes to the financial statements (Continued) For the year ended 30 June 2025
| 9. | Analysis offunds | Analysis offunds | |||||
|---|---|---|---|---|---|---|---|
| Yearended 30June 2025 | At 1 July | At30 June | |||||
| 2024 | Income | Expenditure | Transfers | 2025 | |||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | 366,224 | 400,897 | ( 226,198 ) | * | 540,923 | ||
| Yearended30June 2024 | At 1 July | At 30 June | |||||
| 2023 | Income | Expenditure | Transfers | 2024 | |||
| £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||
| General fund | 177,837 | 248,694 | (60,307 ) | - | 366,224 | ||
| 10. | Analysis of net | assets between funds | |||||
| Yearended30June 2025 | Unrestricted | ||||||
| Funds | |||||||
| £ | |||||||
| Current assets | 540,923 | ||||||
| Current liabilities | = | ||||||
| 540,923 | |||||||
| Year en |
une 2024 | Unrestricted | |||||
| Funds | |||||||
| £ | |||||||
| Current assets | 366,224 | ||||||
| Current liabilities | - | ||||||
| 366,224 |
11. Related party transactions
There have been no related party transactions during the year (2024 — none).
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The Chelsea Players Trust
Notes to the financial statements (Continued) For the year ended 30 June 2025
12. Company Limited by Guarantee
The company is limited by members’ guarantees and therefore has no share capital. The guarantee given by members is limited to £1.
13. Comparative statement of financial activities
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations | 2 | 243,040 | - | 243,040 | 50,000 |
| Investment income | 3 | 5,654 | - | 5,654 | 1,647 |
| 248,694 | - | 248,694 | 51,647 | ||
| Expenditure on: | |||||
| Charitable activities | 60,307 | - | 60,307 | 41,555 | |
| 4 | 60,307 | - | 60,307 | 41,555 | |
| Net movement in funds | 188,387 | - | 188,387 | 10,092 | |
| Reconciliation offunds | |||||
| Total funds brought forward | 177,837 | - | 177,837 | 167,745 | |
| Totalfundscarriedforward | 366,224 | - | 366,224 | 177,837 |
All income and expenditure has arisen from continuing activities.
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