2022-06-30-accounts - Palace For Life Foundation

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		Page
Report ofthe Trustees	I	to	9
Report ofthe Independent Auditors	10	to	12
Statement ofFinancial Activities		13
Balance Sheet		14
Cash Flow Statemeot
Notes to the Cash Flow Statement		16
Notes to the Financial Statements	17	to	28
Detailed Statement ofFinancial Activities	29	to	30

Programme Education,	Programme Education,	area Training	JkExperience	Project PLInspires				Est unique participants 863
				Social Mobility /	Game On			40
				Chances				90
Targeted interventions				Divert				120
				Breaking the Cycle				66
				Young Londoners				145
				Advantage				8
National	Citizenship		Service (NCS)	Summer				250
				Autumn				105
				School NCS Delivery				100
Football	Development			Weekend				16
				Soccer Schools (holiday courses)				1279
				Player Development		Centre		920
				Girls (holiday courses)				170
				Roehampton USA students				13
				Roehampton UK based			students	56
				College academies				87
				Barracudas				69
Primary	Schools			PL Primary Stars				7,086
				PL/PFA Team Mates				138
				Stepping Stones				73
				Other school activities			(eg after school)	255
				Wildcats				181
Community		Engagement		PL Kicks "core"				963
				PL Kicks Women	and		Girls	342
				Ref'ugee activities				41
				Asian engagement	(Get Involved)			381
				Women's Walking	Football			27
				Women's Recreational			Football	22
				Men's Walking Football				27
				Extra Time				28
				Active at Selhurst				74
				Fitter Fans				94
Disability football				Disability football				463
				Football for Health				12
Holiday food dt activity				Croydon HAF				224
				Brom1ey HAF				292
				GRAND TOTAL				15,120

					2022	2021
		Unrestricted	Designated	Restricted	Total	Total
		fund	funds	funds	funds	funds
	Notes				8
INCOME AND
ENDOWMENTS FROM
Donations, legacies and other
operating income	3	341,503			341,503	529,112
Charitable activities
Sports Development Community Projects Fundraising Supporter Engagement		538,110 314,612	4,043	382,614 980,847 24,999	920,724 984,890 314,612 24,999	683,744 582,883 400,417 25,000
Investment income		150			150	46
Total		1,194,375	4,043	1,388,460	2,586,878	2,221,202
EXPENDITURE ON
Charitable activities	6
Sports Development Community Projects Fundraising Supporter Engagement		572,390 150,024	14,642	480,189 1,181,627 24,999	1,052,579 1,196,269 150,024 24,999	903,500 1,011,504 76,472 25,066
Total		722,414	14,642	1,686,815	2,423,871	2,016,542
NET
INCOME/(EXPENDITURE)		471,961	(10,599)	(298,355)	163,007	204,660
Transfers between funds	16	~469,487)	200,000	269,487
Net movement in funds		2,474	189,401	(28,868)	163,007	204,660
RECONCILIATION OF
FUNDS
Total funds brought forward		577,150	100,000	28,868	706,018	501,358
TOTAL FUNDS CARRIED
FORWARD		579,624	289,401		869,025	706,018

						2022	2021
			Ullfestflctl:d	Designated	Restricted	Total	Total
FIXEDASSETS		Notes	fund f,	funds f	funds f	funds	funds
Intangible assam Tangible assets		12 13	3,761 51,577			3,761 51,577	5,256 44.829
			55.338			55,338	50,085
CURRENT ASSETS
Debtors Cash at bank and in hand		14	93,373 976,339	289,401		93,373 1,265,740	44,646 1,033,337
			1,069,712	289,401		1,359.113	1,077,983
CREDITORS
Amounts falling duc within	one
year NET~ASSETS		15	(545,426) 524,286	289,401		(545.426) 813,687	(422,050) 655.933
TOTAL ASSETSLESS
CURRENT LIABILITIES			579,624	289,401		869,025	706,018
NETASSETS			579,624	289401		869,025	706.018
FUNDS		16
Ltnrestricted funds:
General fund Designated fund						579,624 289,401	577,150 100,000
						869.025	677,150
Rcstrictcd funds							28,868
TOTAL FUNDS						869.025	706,018

				Cash Flow Statement
				for the year ended 30June	2022
					2022	2021
				Notes
Cash flows from operating	activities
Cash generated from operations					254,631	251,374
Net cash provided by operating		activities			254,631	251,374
Cash flows &om investing Purchase oftangible fixed	activities assets				22,228	~4,619)
Net cash used in investing	activities				~22,228)	~4,619)
Change in cash and cash equivalents			in the
reporting period Cash and cash equivalents	at the	beginning			232,403	246,755
ofthe reporting period					1,033,337	786,582
Cash and cash equivalents	at the	end	ofthe
reporting period					1,265,740	1,033,337

					2022	2021I
	Net income	for the	reporting	period (as per the Statement ofFinancial
	Activities) Adjustments	for:			163,007	204,660
	Depreciation charges (increase)/decrease in debtors Increase/(decrease) in creditors				16,976 (48,727) 123,375	22,579 115,363 ~91,228)
	Net cash provided		by operations		254,631	251,374
2.	ANALYSIS	OF CHANGES		INNET FUNDS
				At 1.7.21	Cash flow	At 30.6.22
						I
	Net cash			1,033,337	232 403	1,265,740

				2022	2021
Donations Coronavirus Grants	Job	Retention	Scheme	91,140 250,363	87,634 187,617 253,861
				341,503	529,112

		2022	2021
Premier League Charitable	Fund	233,001	230,000
Other grants		17,362	23,861
		250,363	253,861
INVES~ INCOME
		2022	2021
Interest received		150	46

INCOME F
	2022	2021
Sports Development Community Projects Fundraising income (unrestricted) Fundraising income (restricted)	920,724 984,890 314,612 24,999	683,744 582,883 400,417 25,000
	2,245,225	1,692,044

CHARITA
		Support
	Direct	costs (see
	Costs	note 7)	Totals
Sports Development Community Projects Fundraising Supporter Engagement	792,109 836,673 150,024 22,622	260,470 359,596 2,377	1,052,579 1,196,269 150,024 24,999
	1,801,428	622,443	2,423,871

		Governance
	Management	costs	Totals
Sports Development Community Projects Supporter Engagement	256,706 353,997 2,340	3,764 5,599 37	g 260,470 359,596 2,377
	613,043	9,400	622,443

		2022	2021
Auditors' remuneration Depreciation - owned Website development	assets costs amortisation	9,400 15,480 1,495	9,613 20,490 2,089

There were no trustee STAFF COSTS	s' expenses paid for t	he year ended 30June 2022 nor for	the year ended 30	June 2021.
			2022	2021
Wages and salaries Social security costs Other pension costs			1,646,962 144,708 31,757	1,530,672 125,911 29,501
			1,823,427	1,686,084
The average monthly	number ofemployees	during the year was as follows:
			2022	2021
Management &Administration			44	42
Coaching			47	46
			91	88

f70,001 f80,001	- -	$80,000 690,000	2022	2021 I

COMPARATIVES FORTHESTA~	OFFINANCIAL A	CTIVITIES
	Unrestricted	Designated	Restricted	Total
	fund	funds	funds	funds
	6
INCOME AND ENDOWMENTS FROM
Donations, legacies and other operating
income	341,497		187,615	529,112
Charitable activities
Sports Development Community Projects Fundraising Supporter Engagement	280,820 400,417		402,924 582,883 25,000	683,744 582,883 400,417 25,000
Investment income				46
Total	1,022,780		1,198,422	2,221,202
EXPENDITURE ON
Charitable activities
Sports Development Community Projects Fundraising Supporter Engagement	359,788 76,643 76,472 102		543,712 934,861 24,964	903,500 1,011,504 76,472 25,066
Total	513,005		1 503 537	2 016542
NET INCOME/(EXPENDITURE)	509,775		(305,115)	204,660
Transfers between funds	~405,115)	100,000	305,115
Net movement in funds	104,660	100,000		204,660
RECONCILIATION OFFUNDS
Total funds brought forward	472,490		28,868	501,358
TOTAL FUNDS CARRIED FORWARD	577,152	100,000	28,866	706,018

INTANGIBLE FIXEDASSETS
			Website
			development
			costs
COST			6
At 1 July 2021 and 30 June 2022			11,160
AMORTISATION
At I July 2021 Charge for year			5,904 1,495
At 30 June 2022			7,399
NETBOOK VALUE
At 30 June 2022			3,761
At 30 June 2021			5,256
TANGIBLE FIXEDASSETS
		Fixtures
	Plant and	and
	machinery	fittings	Totals
COST		6	6
At 1 July 2021 Additions	64,517 22,228	20,630	85,147 22,228
At 30 June 2022	86,745	20,630	107,375
DEPRECIATION
At 1 July 2021 Charge for year	34,598 12,757	5,720 2,723	40,318 15,480
At 30 June 2022	47,355	8,443	55,798
NET BOOK VALUE
At 30 June 2022	39,390	12,187	51,577
At 30 June 2021	29,919	14,910	44,829

14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2021
	Trade debtors Prepayments and accrued income	43,983 49,390	33,112 11,534
		93,373	44,646
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2021
	Trade creditors Social security and other taxes Other creditors Deferred income Accrued expenses	40,830 42,029 29,883 339,492 93,192	16,284 2,925 23,555 336,773 42,513
		545,426	422,050

			Net	Transfers
			movement	between	At
		At 1.7.21	in funds	funds	30.6.22
Unrestricted funds
General fund		577,150	471,961	(469,487)	579,624
Designated fund		100,000	~10,599)	200,000	289,401
Restricted funds		677,150	461,362	(269,487)	869,025
Community engagement	-general	23,225	(152,514)	129,289
Disability Women &girls football			(12,221) (13,242)	12,221 13,242
Primary schools			(52,877)	52,877
Football courses Employment &resilience		5,643	(19,235) (14,436)	13,592 14,436
Targeted intervention Family Health and Wellbeing			(25,651) ~8,179)	25,651 8,179
		28,868	298,355	269,487
TOTAL FUNDS		706,018	163,007		869,025
Net movement in funds, included		in the above are as follows:
			incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund Designated fund			1,194,375 4,043	(722,414) ~14,642)	471,961 ~10,599)
Restricted funds			1,198,418	(737,056)	461,362
Community engagement - general Disability Women &girls football Primary schools Football courses Employment &resilience Targeted intervention Supporter engagement Family Health and Wellbeing			574,067 60,000 65,012 252,365 5,237 184,548 148,362 24,999 73,870	(726,581) (72,221) (78,254) (305,242) (24,472) (198,984) (174,013) (24,999) ~82,049)	(152,514) (12,221) (13,242) (52,877) (19,235) (14,436) (25,651) ~8,179)
			1,388,460	1,686,815	298,355
TOTAL FUNDS			2,586,878	~2,423,871)	163,007

				Net	Transfers
				movement	between	At
			At 1.7.20	in funds	funds	30.6.21
			6
Unrestricted funds
General fund Designated fund			472,490	509,775	(405,115) 100,000	577,150 100,000
Restricted funds			472,490	509,775	(305,115)	677,150
Community engagement Community engagement Disability Women &girls football	- general —ages 10to 24		23,225	(96,486) (1,240) (18,629) (12,957)	96,486 1,240 18,629 12,957	23,225
Primary schools				(80,821)	80,821
Football courses Health Employment &resilience			5,643	(7,985) (7,897) (34,120)	7,985 7,897 34,120	5,643
Targeted intervention				(25,575)	25,575
Supporter engagement				(110)	110
Family Health and Wellbeing				~19,295)	19,295
			28,868	305,115	305,115	28,868
TOTAL FUNDS			501,358	204,660		706,018
Comparative net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds						g
General fund				1,022,780	(513,005)	509,775
Restricted funds
Community engagement Community engagement Disability Women &girls football Primary schools Football courses Health Employment &resilience Targeted intervention Coronavirus Job Retention	—general -ages 10to 24 Scheme			301,215 4,000 63,199 45,549 268,824 25,350 7,890 113,183 103,677 187,617	(397,701) (5,240) (81,828) (58,506) (349,645) (33335) (15,787) (147,303) (129,252) (187,617)	(96,486) (1,240) (18,629) (12,957) (80,821) (7,985) (7,897) (34,120) (25,575)
Supporter engagement Family Health and Wellbeing				25,000 52,918	(25,110) ~72,213)	(110) ~19,295)
				1,198,422	1,503,537	305,115
TOTAL FUNDS				2,221,202	~2,016,542)	204,660

	PALACE FORLIFEFOUNDATION
	Detailed Statement ofFinancial Activities
	for the year ended 30June 2022
		2022	2021
INCOME AND ENDOWMENTS
Donations, legacies and other operating	income
Donations Grants		91,140 250,363	87,634 441,478
		341,503	529,112
Investment income
Interest received		150	46
Charitable activities
Sports Development Community Projects Fundraising income		920,724 984,890 339,611	738,016 582,883 326,825
		2,245,225	1,692,044
Total incoming resources		2,586,878	2,221,202
Charitable activities
Wages Social security Pensions Direct costs		1,247,216 109,585 24,049 420,578	1,078,587 89,154 20,871 209,977
		1,801,428	1,398,589
Supportcosts
Management
Wages Social security Pensions Insurance Telephone Postage and stationery Sundries Travelling Entertaining Computer expenses Cleaning Professional fees Bank charges Advertising		399,746 35,123 7,708 7,7]8 20,231 4,975 8,559 1,970 2,671 27,534 3,772 54,686 1,704 970	452,085 36,757 8,630 659 19,306 1,101 8,548 361 4,125 18,848 4,249 29,414 1,233 445
Bad debts		18,700
Computer soAware Depreciation		1,495 15,481	2,089 20,490
		613,043	608,340

		PALACE FORLIFEFOUNDATION
		Detailed Statement ofFinancial Activities
		for the year ended 30June 2022
			2022	2021
Management
Governance	costs
Auditors' remuneration			9,400	9,613
Total resources expended			2,423,871	2,016,542
Net income			163,007	204,660