## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|10| |Report ofthe Independent
Auditors|1i|to|13| |Statement ofFinancial
Activities||14|| |Balance Sheet|15|to|16| |Cash Flow Statement||17|| |iVotes to the Cash Flow Statement||18|| |Notes to the Financial Statements|19|to|30| |Detailed Statement ofFinancial Activities|31|to|32| ## ## ## ## ## ## ## ## |||||||Report ofthe Trustees|Report ofthe Trustees|||| |---|---|---|---|---|---|---|---|---|---|---| |||||||for the year ended 30June 2023||||| |Total participants||||2022/23||||||| |Programme
area
Education, Training
A Experience
(KTE) —including
Route to Employment||||||Project
PL Inspires
Game On Fmployability||||Est unique
participants
646
111| |Targeted|interventions|||||Chances
Divert||||174
100| |||||||Breaking
the Cycle||||50| |||||||Young Londoners||||24| |National|Citizenship||||Service (NCS)|Advantage
Sum rner||||30
237| |||||||Autumn||||75| |Football|Development|||||School NCS Delivery
Weekend||||30
46| |||||||Soccer Schools (holiday||courses)||],344| |||||||Player Development
Centre||||946| |||||||Girls (holiday courses)||||169| |||||||Roehampton
UK based||students||35| |||||||College academies||||185| |Primary|Schools|||||Barracudas
PL Primary
Stars||||40
7,980| |||||||Team Mates (PL 1nnovation|||fund)|135| |||||||Stepping Stones (Oasis||Arena)||93| |||||||Other school activities|(eg after school)|||392| |Community||Engagement||||PL/PFA Girls Primary
PL Kicks "core"|(now||Wildcats)|115
1,205| |||||||PL Kicks Women and Girls||||466| |||||||Refugee activities||||10| |||||||Asian engagement
(Get||Involved)||450| |||||||Women's
Walking Footbag||||36| |||||||Women's
Recreational|Football|||27| |||||||Men's Ws,lking Football||||33| |||||||Extra Time||||29| |Disability||football||||Men's Recreational
Football
Disabi'lity
(nutball|||(Fitter Fans)|56
552| |Family health|||dk|well|being|Football for Health
Croydon
HAF||||21
120| |||||||Bromley I-IAF||||80| |||||||GRAND TOTAL||||16,042| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||Unrestricted|Designated|Restricted|Total|Total| ||||fund|funds|funds|funds|funds| |||Notes|||f.||| |INCOME AND|||||||| |ENDOW
MENTS FROM|||||||| |Donations,
legacies and|other||||||| |operating
income||3|341,910|||341,910|341,503| |Charitable
activities|||||||| |Sports Development
Community
Projects
Fundraising
Supporter
Engagemen t|||487,083
90,168
409,014|10,353|399,372
914,891
25,000|886,455
1.0]5,412
409,014
25,000|920,724
984,890
314,612
24,999| |Investment
income|||2,336|||27336|150| |Total|||I 330711|10.363|1.339263|2 660 127|2,586,878| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Sports Development
Community
Projects
Fundraising
Supporter
Engagement|||477,688
98,649
158,546|152,965|490,103
1,127,083
257000|967,791
1.378,697
158,546
25,000|1,052,579
!.196,269
150,024
24,999| |Total|||734,883|152,965|1,642,186|2.530,034|2,423,871| |Net loss on investments||14|~)2,307)|||(12,307)|| |NET|||||||| |INCOME/(EXPENDITIIRE)
Transfers
between
funds||16|583,321
~302,923)|(142,612)|(302,923)
302,923|137,786|163,007| |Net movement
in funds|||280,398|(142,612)||137,786|163,007| |RECONCILIATION|OF||||||| |FUNDS|||||||| |Total funds brought
forward|||579,624|289,4101||869,025|7067018| |TOTAL FUNDS CARRIED|||||||| |FORWARD|||660.022|)46,769||1,006,8 I I|869.025| ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||Unrestricted|Designated|Restricted|Total|Total| |||Notes|fund
f|f'unds|funds|funds|funds| |FlXED ASSE1S|||||||| |Intangible
assets
Tangible assets
1nvestm ents||12
13
14|2,692
54,886
487,631|||2,692
54,886
487,631|3,761
51,577| ||||545,209|||545,209|55,338| |CURRENT ASSETS|||||||| |Debtors
Investments
Cash at bank||15
16|8],974
254,716
42],304|146,790||8],974
254,716
568,094|93,373
1,265,740| ||||7574994|I46,790||904,784|1,359,1 ]3| |CREDITORS|||||||| |Amounts
falling due within|one||||||| |year||17|(443,182)|||(443,182)|(545,426)| |NET C(IRRENT ASSETS|||314,812|146790||461 602|813.687| |TOTAL ASSETSLESS|||||||| |CURRENT I.IABlL'ITIES|||860.021|146,790||1,006,811|869,025| |NET ASSETS|||860,021|146 790||I 006,811|869,025| |FUNDS|||||||| |Unrestricted
funds;|||||||| |Genera] fund
Designated
funds||||||860,02 I
]46,790|579,624
289,401| |||||||1,006,811|869,025| |TOTAL FI.INDS||||||1,006.811|869,025| ## ||||Cash Flow St a tern en t||| |---|---|---|---|---|---| ||||for the year ended 30June|2023|| |||||2023|2022| ||||Notes||| |Cash flows from operating
activities|||||| |Cash generated
from operations||||77,639|254 631| |Net cash provided
by operating
activities||||77,639|254,63l| |Cash flows from investing|activities||||| |Purchase of'tangible
fixed assets
Purchase offixed asset investments||||(20,631)
~499,938|(22,228)| |)5let cash used in investing|activities|||~520,569)|~22.228)| |Change
in cash and cash|equivalents|in|||| |the reporting
period
Cash and cash equivalents|at the|||(442,930)|232,403| |beginning ofthe reporting|period|||1,265,740|l,033,337| |Cash and cash equivalents|at the end|of|||| |the repa rting period||||822,850|1.265.740| ## |
ACTIVITIES|NET CASH|FLOW FROM|OPFRATING|| |---|---|---|---|---| |Net income for the reporting
Activities)
Adjustments
for:|period (as per the Statetnent|ofFinancial|2023
f
137,786|2022f
163,007| |Depreciation
charges
Losses on investments
Decrease/(increase)
in debtors
(Decrease)/increase
in creditors|||18,392
12,307
11,399
~102,245|16,976
(48,727)
123,375| |Net cash provided
by operations|||77,639|254,631| |Net cash|Net cash|At 1.7.22
f|Cash flov|At 30.6,23| |---|---|---|---|---| |Cash at|bank and in hand|1,265,740|~697,646|568,094| |||I 265,740|~697646|568,094| |Liquid|resources|||| |Current|asset investments||254,716|254,716| |Total||1,265,740|5442.9307|822 810| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||Donations
Grants||||102,487
239,423|91,140
250,363| ||||||341,910|341,503| ||Donations
comprise||the salary ofthe Chief Executive, which is funded||by Crystal Palace Football|Club.| ||Grants received,|included||in the above, are as follows:||| ||||||2023|2022| ||Premier League
Other grants|Charitable||Fund|f.
231,500
7,923|f,
233,001
]7,362| ||||||239,423|250,363| |4,|INVESTMENT|INCOME||||| ||Interest received||||2023f
2,336|2022
E
I50| ## |5,|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|||| |---|---|---|---|---|---|---| ||||||2023|2022| ||Sports Development
Community
Projects
Fundraising
income
Supporter
Engagement||||886,455
1,015,4 12
409,014
25,000|920,724
984,890
314,612
24,999| ||||||2,333,881|2,243 223| |6.|CHARITABLE ACTIVITIES COSTS|||||| ||||||Support|| |||||Direct|costs (see|| ||Sports Development
Community
Projects
Fundraising
Supporter
Engagement|||Costs
f,
683,119
934,203
158,546
17,093|note 7)
f
289,560
451,513
7,907|Totals
f
972,679
1.385,716
158,546
25,000| |||||1,792,961|748,980|2 341.941| |7.|SI!PPORTCOS1S|||||| ||||||Governance|| |||||Managcmcnt|cos'ts|Totals| ||Sports Development
Community
Projects
Supporter Engageme~t|||f
286,046
445,922
7,812|3.514
5,591
95|f
289,560
451,513
7,907| |||||739,780|9,200|748,980| |8.|NET INCOME/(EXPENDITURE)|||||| ||Net incomc/(expenditure)||is stated atter charging:|||| ||Auditors'
remuneration
Depreciation - owned
Website development|assets
costs amortisation|||2023
9,200
17,322
1,069|2022f
9,400
15,480
1,495| ## ## ## ## ## |were no
trust
STAF1 COSTS|es|expense|s
paid for|the year|ended|30 Ju|ne 202|3|nor for the year ended 30|June 2022,| |---|---|---|---|---|---|---|---|---|---|---| |Wages and salaries
Social security costs
Other pension
costs|||||||||2023
1,776,670
158,123
34,855|2022f
1,646,962
144,708
31,757| ||||||||||1,969,646|1,823,427| |The average
tnonthly|number of||employees|during|the year was||as follows:|||| |Management
& Administration
Coaching|||||||||2023
46
55|2022
44
47| ||||||||||101|91| |The number ofemployees||vihose|employee|benefits|(excluding||employer||pension costs) exceeded|f60,000 was:| |f80.001 - f90,000|||||||||2023|2022| ||||||||||1|1| |The salary ofthe Chief Executive|||is funded|by a donation||from|Crystal|Palace. Football Club.||| ## ## |COMPARATIVES FOR T|HE ST|ATEMEiV|T OF FINANCIA|L ACTIVITIE|S|| |---|---|---|---|---|---|---| ||||Unrestricted|Designated|Restricted|Total| |INCOME AND ENDOWMENTS||FROM|fundf|funds
f|funds
f|funds
f| |Donattons,
legacies and other|operating|||||| |income|||341,503|||341,503| |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
3145612
24,999| |investment
income|||150|||150| |Total|||1 194375|4,043|1,388,468|2,586 878| |EXPEND(1URE ON||||||| |Charitable
activities||||||| |Sports Development
Community
projects
Supporter
Engagement|||572,390|14,642|480,189
],181,627
24,999|1.052,579
1,196,269
24,999| |Total|||722 414|14,642|1,686,815|2423,871| |VET INCOME/(EXPENDITI
Transfers
between
funds|JRF)||471,961
~469.4873|(10,599)
200,000|(298,355)
269,487|163,007| |Vet movement
in funds|||2,474|189,401|(28,868)|163,007| |RECONCILIATION
OF FI&'DS||||||| |Total funds brought
forward|||577,150|100,000|28,868|706,018| |TOTAL FiiNDS CARRIED|FORWARD||579,624|289,401||869,025| ## ## |12.|for the year e
INTANGIBLE FIXEDASSETS|nded 30June 2023||| |---|---|---|---|---| |||||Website| |||||development| |||||costs| ||COST|||f| ||At
I July 2022 and 30June 2023|||11,160| ||AMORTISATIOlV|||| ||At
1 July 2022
Charge
for year|||7,399
1,069| ||At 30June 2023|||| |||||8,468| ||NET BOOK VAI.UE|||| ||At 30 June 2023|||| |||||2,692| ||At 30June 2022|||| |||||3,761| |13.|TANGIBLE FIXEDASSETS|||| ||||Fixtures|| |||Plant and|arid|| |||machinery|fittings|Totals| ||COST|||| ||At 1 July 2022
Additions|86,745|20,630|107,375| |||20,631||20,631| ||At 30June 2023|107,376|20,630|128,006| ||DEPRECIATIOPI|||| ||At
1 July 2022
Charge for year|47,355
15,097|8,443
2,225|55,798
17,322| ||At 30June 2023|62 452|10,668|73 120| ||YETBOOK VALUE|||| ||At 30June 2023|44,924|9,962|54,886| ||At 30 June 2022|39,390|12,187|51,577| ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |Trade debtors
Other debtors|||||58,213|43,983| |Prepayments
and|accrued income||||750
23,011|49,390| ||||||81,974|93,373| |CltRRENT ASSETINVESTMFNTS||||||| ||||||2023|2022| |Other|||||f|| ||||||254,716|| |Other investments|comprise|funds invested|in short-term|bank deposit accounts.||| |CREDITORS: AMOU)VTS||FALLING DI)E WITHIN||ONE YEAR||| ||||||2023|2022| |Trade creditors
Social security and other taxes
Other creditors
Deferred
income
Accrued expenses|||||E
]4,502
3,364
26,913
345,646
52,757|40,830
42,029
29,883
339,492
93 192| ||||||443,182|545,426| ## ## ## ||||Net|Transfers|| |---|---|---|---|---|---| ||||movement|between|At| |||At 1,7,22|in funds|funds|30.6.23| |Unrestricted
funds||||f,|f.| |General fund
Designated
funds||579,624
289401|583,320
(142,611)|(302,923)|860,021
146,790| |Restricted funds||869,025|440,709|(302,923)|1,006,811| |Community
engagement
Disability
Primary
schools
Football courses
Employment k resilience
Targeted
intervention|- general||(120,904)
{15,247)
(56,718)
(18,766)
(37,159)
(54,129)|120,904
15,247
56,718
18,766
37,159
54,129|| ||||i302 223)|302 923|| |TOTAL FIfNDS||869,025|137,786||1,006.811| ## ## ## |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |Iinrestricted
funds||resources
E|expended
f|losses
f|in hinds| |General
fund
Designated
funds||1,330,510
10,354|(734,883)
(152,965)|(12,307)|583,320
(]42,6]1)| |Restricted
funds||1,340,864|(887,848)|(12,307)|440,709| |Cominunity
engagement
- general
Disabi]jty
Primary
schools
Footbal! courses
Emp]oyment
&resilience
Targeted
intervention
Supporter engagcincnt
Family Health
and Wel]being||464,]92
7],550
238,537
89,285
]89,716
232,933
257000
287050|(585,096)
(86,797)
(295,255)
(108,051)
(226,875)
(287,062)
(25,000)
~28 050)||(]20,904)
(]5,247)
(56,718)
(18,766)
(37,159)
(54,129)| |||1,339,263|~),642, 186||~(302,923| |TO1AL ] UNDS||2,680,127|(2,530034)|{12,307)|137,786| ## ||||]8]et|Transfers|| |---|---|---|---|---|---| ||||movement|between|At| |||At 1,7.21|in funds
f|funds|30.6.22| |Unrestricted
funds|||||| |General
fund
Designated
funds||577,150
]00,000|471,96]
~]0,599)|{469,487)
200,000|579,624
289,401| |Restricted
funds||677,150|461,362|(269,487)|869,025| |Community
engagement
- general
Disabi]ity
Primary
schools
Footba.ll courses
Employment
&resilience
Targeted intervention
Fami'ly Ilealth and Wcl]being||23,225
5,643|(152,514)
(12,221)
(52,877)
(32,477)
(14,436)
(25,651)
~8, )79)|129,289
]2,22]
52,877
26,834
14,436
25,651
8,179|| |||28,868|(~298,355|269,487|| |TOTAL FI!NDS||706,018|163,007||869,025| ## ## ## |MOVEMENT
IN FIIND|MOVEMENT
IN FIIND|S - continued|S - continued||||||| |---|---|---|---|---|---|---|---|---|---| |Comparative
nct movement||in funds, included||in the above are as I'ollows:|||||| ||||||||Incoming|Resources|lvlovement| |Unrestricted
funds|||||||resources
f|expended
f|in funds| |General
fund
Designated
funds|||||||1,194,375
4 043|(722,414)
(14,642)|471,961
~70,599)| |Restricted
funds|||||||1,198,418|(737,056)|461.362| |Community
engagement
-general
Disability
Primary
schools
Football courses
Employment
Ecresilience
Targeted
intervention
Supporter
engagement
Family
Ilealth
and Wellbeing|||||||574,067
60,000
252,365
70,249
184,548
148,362
24,999
73,870|(726,581)
(72,221)
(305,242)
(102,726)
(198,984)
(174,013)
(24,999)
182049)|(152.514)
(12,221)
(52,877)
(32,477)
(14,436)
(251651)
~8179)| ||||||||1,388,460|~),686 815)|~298.'55| |TOTAL FUIB)ASS|||||||2,586.878|~2.423,87 1)|163,007| |Cantmunity
engagement||funds|||||||| |Targeting
young
people
pastoral
support ta instil|in areas ofdeprivation.
positive values
and help||||Free sessions
prepare
our||in football
and other posilive activities,
alongside
participants
far a better life.||| ## ## ## ## ## ## ## |PALACE FORI.I|PALACE FORI.I|FEFOUNDATION||| |---|---|---|---|---| |Detailed Statement||ofFinancial Activities||| ||for the year ended 30June 2023|||| ||||2023f|2022
f.| |INCOME AND ENDOWMENTS||||| |Donations,
legacies and other operating|income|||| |Donations
Grants|||102,487
239,423|91,140
250,363| ||||341,910|341,503| |Invest ment
income||||| |Interest received|||2,336|150| |Charitable
activities||||| |Sports Development
Community
Projects
Fundraising
income|||886,455
1,015,412
434 014|920,724
984,890
339,611| ||||2,335,881|2,245,225| |Total incoming
resources|||2,680,127|2,586,878| |EXPENDITURE||||| |Charitable
activities||||| |Wages
Social security
Pensions
Direct costs|||1,265,593
112,637
24,829
390,302|1,247,216
I09,585
24,049
420,578| ||||1,793,361|1,801,428| |Support
costs||||| |Manag
em ent||||| |Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Sundries
Travel]ing
Entertaining
Computer
expenses
Cleaning
Professional
fees
Bank charges
Advertising
Bad debts
Computer
software|||511,077
45,486
10,026
670
23,226
4,469
17,352
3,174
5,014
35,638
1,304
46,560
2,22]
1,047
1,817
1,070|399,746
35,123
7,708
7,718
20,231
4,975
8,559
1,970
2,671
27,534
3,772
54,686
1,704
970
18,700
1,495| |Depreciation|||17,322|15,481| ||||727,473|613,043| ## ||||PALACE FOR LIFE FOUNDATION||| |---|---|---|---|---|---| ||||Detailed Statement ofFinancial Activities||| ||||for the year ended 30June 2023||| |||||2023|2022| |Management||||f|f| |Governance||costs|||| |Auditors'|remuneration|||9,200|9,400| |Total resources||expended||2,530,034|2,423,871| |10tet income|before gains||and losses|150,093|163,007| |Recognised|gainsRosses||on fixed asset itrvestments||| |O8ains/losses|on fixed asset investments|||~22,307)|| |Net income||||137,786|163.007|