IIEGISTERED C.()hlPANI' NUhlBF.R: 06664142 lE￿￿lIn1[ Ind Walts) REC*lSTERED C.IIARII'Y NU￿IBF.R: 1125878 PAIAC.E FOR LIFE FOUNDATION FlnAnri•l Sl*lem¢nts for Iht Year End¢d 30 Junt 2024 Xcinydin Aiidri Limiled Ch￿¢ved Accountanls and Siaiutory A￿dItorS Ni8liiiiigal¢ House 46-48 E&si 8ireei Epsom SuvTe)' KT17 IHQ PAIACF. FOR LIFE FOIINDA TION C•nttnts of(h¢ Flninclil Sioltmenfs ror Ihe yt*r endtd 30 J￿￿¢ 2024 Rtporl of tht Trusltts Report orth¢ J#dtp¢ndent Avdliors Si#i¢menl olTrlnintl•l Activlikj 10 to 12 13 Bilanct Sheel 14 C•sh Flow Sigiement Not¢$ lo lh¢ Cash Flow SINlemtnt 16 Nolu io th¢ Flnantlil St•l¢menl 17 10 27 Del•lltd Stittrnent ol Fln*Tr¢l•l Arilvltl¢J 28 10 29 PALACE FOR LIFE FOU1NDATIO￿ (REGISTERF:D P*'UAIBER.. 06664142) Report of the Trusltts for tht yt*r endtd JO Jun¢ 2024 Thc Inisices iyho ar¢ also direciors orth¢ charily for Ihe ptsqjoses of ¢lie Coinpanies Aci 2006. preseni theii rtpori willi tlie financial slai¢incrJis of d)c cliorily for the YC￿ ended 30 June 2024. Thc IwslJr besptskc T¢oni Ma1¢5 pro8Tamme $UpF￿r1¢d 216 pupils. C￿lt11b11l￿I& improved meniDI healih and Mrllbeing. IV¢ hosi¢d niii¢ priM￿Y school fooiball com￿lI[10n$ lli ihc CrysiAI Pala Academy facilily and t￿lW1¢h College. in¢liiding the Pwemicr Lea8￿ London CCO Nik'e kil piitnary school fooibail (c￿1Val. IV¢ incre￿d the nuftib¢r of paid conlracied schools 10 16, r¢suliing ift a 22Yo W)lin in i¢venii¢. AddilTOI?811)'. H'e Se¢UTed new fundin8 from the Premier Lca8ue for Ihc E.ans Fund prograrnnie and fomied a thr¢e.J'¢aT pafineTship Miih th¢ Souihwllrk. Diocese io deliver T¥¢ial injustic¢ MDik$hops ai 12 primary schools wi)IlLally. 1.2 Coiiin]urJliy enLwgtmenl Our Coiiimuniiy 1th888tmeni pro8iwnmcs saw over 2.0(K) unique participants t&king parf in 50 s¢35ions. includijig 398 girls and 1.112 iiidividuols from ¢thiiicallJ' diYer5e comniuniii¢s. IIPe d¢liver¢d 18 events and compeiilions, en8agir18 530 youiig pcoplc. and hosted signifi¢ani evenls lik¢ th¢ Cui li (hji toum•m¢nt wilh ol'ei 850 8ll¥nde¢5, th¢ anniiil lftjr ev¢ni ivith oi'¢r 120 giiests, and PIAJ, on ilTrc Piich with Inore than 180 participaiits. HI¢ su¢c¢s5fully delivered the Pl. Cliatig¢n)Hkers prTrgr8Jnme 10 l O female participants oiul indy¢i¢d our first apprenii¢¢. supp)niiig her 10 a¢hi¢ve a L¢vel Comrniiniiy Aciivaior Ctsach 4u8lifie4tion. As parf of our to￿ to diversify our coatliin8 M'orkforce fiinded six pArti¢ipants for FA Coa¢hin8 ¢oiJrse.s. l.J Piihh'A)'s And 1¢4rning Our ¢iam¢ Oil programme 8r¢w 10 164 parfi¢ipants, providing cmployabilily skills coKhing. mentoriti& 11)dusio' insighis, and H￿tk expciien¢¢. A iothl of48 panicipont$ eniered cnipl(trymeni, 24 ¢nroll¢d in cdu¢aiioiial course5 and 33 pl￿Su¢d tiaininB qualifi¢alion$ Ilf¢ hosied a Yisil from ihe then Prirn¢ Minister Ri$hi SunJk Wmt laun¢h¢d a l)i)wn's Syndrome-syecifi¢ Game On cohon. (h]r Picrni¢r Le88uc In$pire5 pr08r￿j￿Ie d¢lIV¢￿ d 8 20.1ioiir ¢lawoOm-b￿¢d piogr￿￿me lo 216 p&rti¢iPW115, with 81V• feponin8 inCre￿d ¢onfidenc¢. Acros5 r&ur tar8c¢ed inleryenlioi) prngrainines. 313 youn8 PEopl¢ re¢eiYed mentoring suppotl in¢iudiTtg 101 p¥rticipants the Divf.R T piogrammc hi Croydoii C￿s1OdY Suiie. 1.4 Foolbill deytlopmtni We engaged 1.149 panicipan15 in our sot¢er school4 achi¢vin8 0 26Qh increas¢ in revenue conlpared io iljc previ4)U$ yeBr. Oiir Player Dcvelopment Cenlces II>DCs) Saw oi'ev 873 ltnique partictpynls an 80Y• irlenlioii rtt￿. inclurfillg a 116ty/4 irtcr¢&%v in ftniale w'e¥'kl)' aiicnd8nce. We d¢livcred ovei 140 fix1u￿$ foT PDC players, si8nificantl>' higlicr than Ihc pr¢viou5 )rarf$ 17 fixture5. Our.Soctcr School pio8r8nune rec¢iYed on NPS SCOT¢ of66. ¢lassifi¢d as ex¢ellcni. aiid saiy mulliple playcTS OtYer¢d irfrals und place8 in profes$ional acthmics. 1.5 Dtsabllliy sporl Our Disnbilit), Sport pro8Fanimt5 involved OVCT 730 ptnicipants, with an e￿pallded deliv¢ry to 12 SEND sch￿]9. We lounched school holida}, resyi(e cairtps in Cfoydon, receiving posiliye r￿db￿ck Irom l(X)Yo of par¢nL*. 01￿ uiidLr 16 PAN dEsabiliiy i¢am i%'on the Pl. Kick5 Cup (3roup B Souili Di5abiliiy FtslivAI, our PowtTchair 1¢oni secured i%i'o wins in Uieir fit51 sea50n. ai'oiding relegatioti. Ow DS Eagl¢s team wcnl viral on TikTok, #nd H'r seLiired coiilinucd funding foi Ihc Fo(>tball lor Hcalili projecl froiti CTo>'don NHS. Ive also launched nci%' esT15-onlJ' Rclivi1y 5¢5sions in scliools ajid celebraied ihe OPEning ora ¥la55room n8Tned in our honour ai AddinElon V&lle J, Acadcm), in Cro)'don. Page I I¥ALACE FOR LIFE FOUNDA TION (REGISTERED NIthIIIER: 06664142) Reporl ofthe Truslets for the ytgr tnded 30 June 2024 .6 Fundraising This ye¢Lr, our fundraisin8 ¢ffon$ M'crc illslnimentsl in supporting our various iniliatives. 7UI Marailion MaT¢II sa%i' 204 walk¢rs raise ati iinpws5ive £113.950, while uvi 4ih tjike iidc. this year io Wolvcihampton IVandeT¢rs aiirp¢t¢d 38 cyclisls oiid raised £4S.182. We se¢urcd £188.376 kn mid io hi8h-l¢vel donaiions, includinB uncApecled Icga¢>' gift of£40,000. Tlie ITJI'esiors Club 8i¢w from 33 10 41 m¢mbcrs. en888in8 them ￿￿OUgh such ￿ "In Conve¥saiion Wilh Dougit Frccdman and (Irate Ivilliams" WE 8150 lttunthed the Ilusine5s Investors Club iviih 20 businesse$ joining. Sponsorship highlights in¢lud¢d £1 o,wo from Iliili¢a for Ihe Morathon m￿Ch arid £IO.OOQ from Con¢¢pt Building Ltd for futwe ev¢iiis. PalaLe Aid, in partnership with Power-fh¢ Fighi. rhised £1 1,386, whil¢ hi¥h-IEvcl granis in¢lud¢d £180,000 ovei diiee ytars from Socios Supw)rt$ and USSlOO.i>oo fyoni Ilanis Phtlanthropics for ￿le CJRme nn PTo8rwiiine, £30,000 £19.31 O r¢$p¢¢iii'cly beiiiB included as income in th¢ year. 1.7 E4uallllt$, dlyerslty and In¢luiinn (Tr.l)l) Wc hal'c four EDI lead5 fo¢u5iii8 on Race. l.GBTQfv, Disabilily. and Women & GiTIs, ¢nsiuin8 inclusivi￿, and priofilisiiig Ui¢sC tweLs in ¢vcryiihi118 iY¢ do. Rt8ular meeiinB$ ividi club cotsn1e￿8n$ Cnsurc ali8niF]cThl ¥viih Ilie club's iiiiiiplivcs. 11)i5 year, ilr fo¢uscd on Dchicving ihe Advanced stai)d￿d of Pl.EDIS (F¥emicr LeAgu¢ Iquoliiy. Diversii). id Inclusion Standard) with close collaixTrr&ion ￿1weeTI ihe club's Hcad ofiiR and our LCO'S Head olOp¢ro1ions. Key c¢lebro1ioiis Ihis ytaT included the Ift￿ e%'¢nl 01 Selhurst Park. An 8Dli.ra¢ism schw15 uri Com￿1￿1101). ond 8 Rainboiv Loc¢.% iYork51iop aliendcd b). fii$i leAm pl8yers. Ive hosicd ilie IlnraYellEiig EDI.. l.'iI$l Sieps to Ch&n8¢' ¢veiil for staff. a i%orkshop on chhllcngcs fkced by young LGBTQ+ iodividujls, an Inlernaiitinal IVom¢n'5 Do>. Ivumwi)enl, and a staff ¢h￿l¢￿B¢ for Men[￿ Hemlih Awor¢ncss Week. Page 2 PAR4ilCE TrOR LIFE FOlINDATIO￿. IRLGIS'I'bRED YI UIIDLR: 06664142) Rtport of iht Tru51tt5 roT iht year ended JO Junt 2024 2. TOIAI p4rtlelpan¢s 2023124 Programine aY¢a Edv¢4ilon Tralnin% Eniploym¢nl E51 iimlqut pari5eipBnls 221 192 170 Y2 24 30 132 103 1.221 873 130 20 37 86 ¥,090 216 46 360 ProJt¢t Pl. Inspir¢s G￿1¢ On Employability Clwlces Divert SEL v￿A￿ald Oiher ¢nEa8emeni Advaniage Open ￿ All Soccer S¢hools (holida), courses) Play¢r Delelopmeni f¢ntre Girls (holrday cours¢s) Colkge academics Barra¢ud& Batlerxa PDC Piimary EducAlion actii'ilics in¢ludin8 Piimory.%i•rs l ¢am Malcs Sieppin8 Sionts (Oasi$ Ar¢na) Other Jchoc*l aciivilies {e8 after s¢hool) WildcbL Fans Fund (only thox not linkcd lo a sehooll PL Kick5'¢0re" PL Ki¢ks Wom¢n arid Ciirls R¢fu8ee a¢livities Asian en8a8eii)tnl (Gei liivolvedl Women'$ Walkii)8 Fooiball Vomcn's R¢cicaiion41 l.'ooibill Men's Il'lllkin8 Fooiball Exir& Timc Klen's Rttrealional Fooiball (Fiiiet Fon5) Cui It Oul Disabilil J. fooiball Football for IleRlih CToydon IiAF Ilromley HAF GRANI D1'QTAI. Tar¢¢led Int¢rvtntlons NCS >oolball Developmenl Prlniary Sthools C'omrnunlly EiigA8tnitnt 105 1,018 313 95 58J 55 48 14 27 76 300 704 48 230 L)b8hllFly fooibhll Ilollda), lood & a¢ili.11)' 15,816 Pag¢ 3 PAknICE FOR LI>Tr: >()lJh'DA TION IRECIlSTERF.D N'llhlllER: 06664142) Rtporl ofthe Tru51tes for Ihe )Y#r ended 30 Jvne 2Q24 OIIJECTJVES AIN'D AC]'IVII'IES Cb4rltAble objtrilies *nd public btnefit Th¢ trustees have had ie8ard to Ilje Chartly Lommi5sion's guidantt ON public bcncfil. The Palace fur Lif¢ Foundation 15 th¢ official tharity of Crysthl ltralfic¢ FC and has been workiEi% iviih ihe souih London t0jn1￿ulIl1Y for oycr 30 years. We lis¢ ihe'Poii'er of Palace. lo Change ihe lives of youn¥ ￿0p1¢, pafli¢ularly Ihe mosi h￿￿-¢0.Teach and IiaTd-io-help. In so d¢>ing. we h¢lp 10 iackl¢ tli¢ significani dangers ofgrowing up in our lo¢ftl ar¢a. Uyr ambtiion is 10 8ro*' our ffeacli and impaci in five joun8-￿opIc-(DCtssed themaiic areas.. In Prlmxry Educallon, we deliver a rang¢ of sehool-based pro8r8mn)c5 5uppur(ing )'ounB south LotMloner5 from Ihe ages of5-lJ. includiiig Prciiiiei Lea8u¢ Primary Siars- a PToyRrnme aimiti8 10 inspire pJnicjpanTS ihrough ¢lwiooni-b&5ed H￿rKShops, compcfilions, and developiiig the knoivfedge and confidence of iea¢h¢TS wiihin PF.. We also deliver carly-514ge meiilat w'ellbein8 PftiBt8mmes s￿h as T¢4tn Males. Sieppin8 Stories. and the 111 Fiv¢ proj¢¢i. Ivhich $uppurt the Ir8nsilion from Piimorj. 10.Se¢ondar) Scliool. Addilionaily. He pioYid¢ PE, ¢ontracls and AIIcT-Scliool Clubs os pnid-foT provision& deliv¢rin8 ih¢ PL eutTiculym and vwious exlr8.cuThi¢iilar club5 wiihin local schools. Our Cornmunliy ktbglgemehi piovides opptirtUniiie$ lor y(Trung pcople froii? dislldvanlaBed ￿eaS or uiider-iepreseni¢d group5 lo plAy fTCC footb811 and oihcr s￿￿5. Through funding from th¢ Prcmi¢r Lca8ue Kicks the Prof¢ssioiial Ftsoibftllcrs. Associaiion Conimunity fund, li'¢ dcltver a toiai of 50 fr¢e cornniuniiy 5POrtS S¢5sions for young people aged 8-18+ iegawdlos5 ofabiliiy, incliidirig 39 regular Hrekly sessioiis113 miied and seven girls, fooibftll sc5sioiis). six Kicks di5ubility ses5ion$. and oth¢r sport s¢s$i01￿ sudi as mttlti-sports. boxin8. wid youih hub aclivitkC5. Ive riiii tla8ship fooibBII lourn2incnts #Jid Cominunily cn8A8ement events, such ￿ OUT mnual Iftar eveiil Ènd Ilic Croydon IL aui loiirnameni, •id piovide Muvkshops oil criliul issues like knife ¢rim¢. ¢du￿tIOn ￿ld eniploynienl roules. and In¢niol M'ellbein& linking Inti) other Foundfttion progr•mmes. The P&thii'AI'% art(1 IAArnlDg theniaiic ar¢a deliveTS schools-bas¢d and ¢omrnunily prowAmme$ I￿gettAB yOUnB London¢rs 8.25. htlpin8 Ihen) to d¢vclop personal and PTofession#l skills posiiive atlilude$. Our Roulcs 10 Employnieni prowornm¢$ supporl yow)g people in their iraAsiiion Ihrougli edueaiion and iiiio odulihood, including Game On, our 110851iip ornployabilil). programin¢ v(fering we¢kly sessions. n¢iworkiii& carecrs coaching. qualifi¢Jlions, Ind￿81￿, insi8h15. and ¢Yp¢Yieiic¢s foi those a8ed 16.25, 05 8s Preiiiicr 1.¢8gu¢ Inspir¢s. ii,hi¢h provides personal dcvelopineni si'.ssion$ across six se¢ottdar)' s¢hools in our tar8et l)orovBhs. In addition, our I'ar¥¢led Inlerveniion5 pro8iaJimies provifjc iajlored I.. I m¢ntorin8 for young people expcriencin6 lif¢ ¢hallcn8¢s, such 8$ 3chool exclusion, In¢niol h¢811li diificulli¢s. exploilalion. or involvenienl in crimiiialily. tE)rou8h iiiiiiative5 like Advhnla8¢. DIVERT, And Va¥Jguaid, which we fijithd by V•TOUS partntts in¢luding ihe NIIS. Ihe Home Qtri¢¢, and local Youth Ju51icc Stryices. Foo(bAII D¢i'tlopm¢nt offcrj a r8n8e of progranknics fo¥ )'oun8 50ullI Loiidoneis aged 3-18. fo¢ii$in8 on plo}'¢r dei'elopineni. paihivays, and ¢njoymcnl. Our Soc¢er Schonls piovide s¢hool holiday foDiball caJnp$ for 7.13->'e8r.olds, Ivliich include ini'ilcllonly Playcr P4ihM?)'. Rirls-only courses. ITi*I da}'s, and courscs op¢n lo all. Pla}'er D¢velopni¢nt Ceiiires IPDCS) provide weckly abilily-lieied training for 6-16-ye￿-01dS oif¢ring a palhwty io CPFC iiien'l and women's ae2ileiiii¢4 while also ensuring players of all obiliiics have acce55. In DIs4blllt}' 5pori. we lo oATer evely yow)g person in oyr mei8hbourlm￿l livin8 iviih i di58biltty' Ihe opponuniiy lo partiCiPdl¢ Ilj Sport. Wc providc a ¢ombinaiion of cuni¢ulum and ufter-s¢hool r(Trntball 5ession5 Iti 12 piijiiary and sccondary SLND Schools and deliver Six iveekl) impainncni-5p¢cifi¢ fooiball 5¢5sioJis in partnciship M'ith 5cclor charilics foi gruup5 including Ihose iiith Doll￿'S Syndiomc. ￿lIe¢l¢hair ttscis, and iridividuttl& with vision imp8irineni or aUli$m. Addiiionatly. li'e run Krtipairn)rlll-spccifi¢ and pan-dis8bilii)' footbJJl ieams. dcliver SLND 5th(K)I holiday carnps iii Broinlej and Croydon. and olTeT NIls.￿nded mer>(81 healih foDib411 pr(b8ran)Ine in partiiership M'illi outh l.ondon and MHud51ey (SLam).fr￿￿I. Pa8e 4 PALA(:E FOR LIFE FOUh'DA TIOYI {RF.CbisfERED NUhfBER: 066641421 Rtport of the Trusl¢es ror tht y¢ar tnded 3D Junt 2024 FILYAN'CIAL HEVIEIV Flnanel•l posliion ()ur toial it)comc for 2023124 was £3,001,681 a8OllJ5t £2.828.381 in ¢xpenditurc. 8IVII)8 a suvplus of £173,3(N). This cvmpBred 10 2022123 income of£2.680.127 wthich aner expendiiur¢ l¢fl a s￿￿[￿S of £137.786. The value of our TC5eNcs at j'ear ¢nd £1,180.11 l. up from £1.006,811 $1 the tnd of 2022123. Gol0¥ Cthnctrn Our finaiieial rcserY¢s hav¢ bccn built up over Tecent yew5 wid Ihrs coniintscd iviih an opcrdiing Surplus g¢n¢Taicd in ihc y¢ar and 8 strong balanc¢ shecl at lh¢ year end. W¢ have Premier L¢aBue funding cominiiied throuBh 10 Au8usI 2025 and expcci to be cash POSlliv¢ for ili¢ forcseeabl¥ fuiur¢. Ille Thr¢ awar¢ of the ¢on$id¢rable e¢ononiic hardship, ori5in8 rroni the curyent ¢osi of lii'ing crisis fo¢ing mÈn} people in our caichjneni area ai Ihe prescni iii))e, with a poieniiRI iinpaci on our incoi)ie SITcam> Ille are hoii'cver ¢onfideni Ihai lh¢ Foundation Hill conlinue ¢0 b¢ a 8OtIlB Lonc¢ni ond Ihe finlthcial slatem¢ntS Ar¢ prcpar¢d ¢m thi5 basi5. FINAh'CIAL REIIIEW Fin#nclAI Poll¢y and Pro¢¢sJ¢s -rhe P&lfjcc for l.ife l.oundation is mjiiinilled io impltmenlin8 proper finAncial polt¢ics hiid processes to en$uT¢ dic cffcciiye finHncial uian8g¢mcni of ih¢ Troundttiion Ajid ils uctii'ilic5 as w¢ll as io mainlpin ilie wider r¢putslion Or Crysial Pal8¢e FC. All policies orc dc518ncd io Me￿ 8uidelin¢$ s¢1 oul by lh¢ Chariry Commis$ion. 'ni¢ Fowidalion h&8 niade A poli¢y decb5ion noi to 5¢¢k a bank ov¢Tdraft ov ￿ditIonal MDrkin8 capilal bui 5¢eks lo C115ure H'o8¢ obligalion5 al￿ 5upplici paJ'm¢nts aF¢ honovred vio robusi f￿￿bc1IJ manAgei?ienl and fiiiaiitial Controls to oddress poieniifil cLsliflow issues in good lime. TIIE FoundAiion xek$ to apply B l.ull Cosl Recovery model io all new pToje¢ts wh¢r¢ this is li) line with poi¢i?liai fw?deT'$ poli¢y. A raie of 14•/• has becii esidblithed for the fovndftiion lo m¢cl rrian8gtmeht. adminisiraiive and oili¢r ba¢kdO(ficc funclioris which ¢rili¢ai io ils etre¢iive wnnii)& Restrvts Polley Thc policy ¢n unresiri¢i¢d Tesetvcs is lo (over th¥¢e mon¢hs' pevinll ¢0￿5 and, on Ihis hLsi% hav¢ sct a shDrl-lefm largei iTrf£550,000, plus th¢ volue oliang4bl¢ and inian8ible fixed &i$¢ts which Mrrc £.$6.98181 the year end. Al 30 Jun¢ 2024, u11￿sIr1¢1ed res¥Tve5 M'eT¢ £I.180.11 l. The tr￿$1¢¢$ consider thai their Tesen'¢s. 0130ih June 2024, ￿tle loo high Bnd hay¢ c4rmwk¢d £250.000. d¢signai¢d in th¢ yrar to 30ih Junc 2025. to be sp¢nl lo cxpand progTxmmtS •5 follow3.' (il Fyiidin8 to supplemenl 5pc¢ific pioy•Jnm¢ ATe4 whicli rc4iiire funlKF ini'csim¢ni, abovc and b¢yoiid where Ili¢y arc (undcd b}, oihkr fuiid¢rs (li) Community Siipport bund I,Iiftd*iig for youn8 ￿0pIL (includins we Icavers) io opply for lo support fraiDin8, skill devclvpnicnl, equipmeni. ini¢rnRiionol c.¥peri¢n¢¢s and business stsn.up e$5enlia]s. The -I'TU5¢ees expeci the i¢¢¢nily announ¢ed ch￿8¢S ￿ Einployer Noiional Inswart¢ and London Living IVa8¥ Inciea5¢ 10 l?av¢ an onnual iinpacl (Jfapproxirnaiely £65.IM on ihe payroll cosis tsfihe chllrtly. Inpnclil Rnd fr rgud CoTrlrol Pollt) TIIL Foun￿￿tion is v¢iJ' alva￿ of how po()r finan¢iHI conwols could jCUP#Tdise our i¥'ork in Ihe conunuiiiiy and thc repuiaiion olihc club 8Jid Tround81ion. Cvnlrols or¢ in place io s&f¢8uftrd ihc Foundation al a str#¢e8ic aiid opcralional. day i(J day lev¢l. Th¢se includc.. Ann¥al 13ud8¢18 Sl8ned oifby TnLSI¢¢s - Nlan&g¢menl Accounts prepated a8ain$i budg¢i$. This is sha￿d beiwren manBgeineni ￿ld-[ Tusices throu811 Qu￿¢T]Y I'riisie¢ nieelings. Lash floivs tspdoird ai ¢a¢h TTusiee meeiing Chief Executiv¢ O￿l¢¢r h45 ove1s4gM of all bwik Irwii4¢1Io￿. Page 5 PALACE bOR I.IF'E FOU,YDATIOPi (RLC.ISTFRED Nu￿1B￿A.. 066641421 RerA)rl of iht Trust¢t$ ror tht >exr ended 30 Junt 2024 STIIUCTURF., COI'ERNANCE ANIJ NIAIYAGEhlEh'T GovtrnÉnE docuintne The charitj, 1$ controlled by As govenung (k)cument, a deed of IntSI, and ¢on$iilules & limited compAny. limiied by 811arAnlee. 45 defined by Ihe Comp8ni¢s A¢1 Ltgil Sialu$ The Palace for Lif¢ lthoundaiion. form¢fl)' tlie Cryslal Palace fL foundation, w'a5 esiablished in 1989 and beC￿lIe a ¢OMp￿)Y IEmiied by giiarAniee #nd a regtsiered chariiy in 2008. It was r¢nwned os ihe PAla¢¢ for Ltfe foiindalion i Apfil 2017. Ilolrd ofTrusttts and sl#fl The Paiace for l.ife Foundation 1$ Bovemed by a board of Tn￿le¢S who have d¢lcgat¢d da), lo da), mjmagenieni of ihc F¢Trundalion 10 Ihe Chief Execuiivc Otricei And the S¢nior Monage>henl T¢Jm. There is a minimuin rcquir#in¢ni for three irust¢e5. bui Ihe Foundaiion 15 not subjccied io a maKiinum nuinber oftwsiee5. 'rrusiees aTC Tethiiled ITOM various ivalks of lif¢ so that th¢ skill ihey offer cw be b¢518pplied io a¢hi¢Yc Ili¢ Obj¢¢￿ of ihe foundation. Each Tru$i¢c undtrtakes a DBS ch¢ck and ¢hei¢ is full disclosurc 10 ilie TFUSt¢cs of ihc busitiess ofihe foundaiioii lin¢ludin8 0111¢8al do¢umenlolion and tsig&nisalional maicrial) bcfor¢ ili¢y we appoinied. Nlon¢ of the Tn]Slc¢5 h&% an). benefi¢ial inl¢iesi iii Ihe company. All of iht Tnjsiees gre n)embcrs of th¢ cnnipany and guarantee io coniribui¢ £10 IA ihe eveni of a M'indin8 UP. A framewrk foT EOV¢rnITI8 ihc aciiYitl¢s of the fovn&iion 15 pmvidcd via a 3-year Stroiegy and Implenieiiiaiion Plan. Twstees Ineci quan¢rly io ieviEw' ptifomi&Trce and a qiiartcily hi¥liliNhi report of No8re$$ agow151 Siralegic PTiorilics provides Ihc Int￿5 lo ensure theK are being a¢hitv¢d.-rtUSlcc mt¢lings ar¢ siipporfcd by ihc provision of minuies, ¢￿h170￿ reporls managcm¢iil ar¢ounts. 'rh¢ Foundftlion l.eodership and .8iatr team l&% ai Joih Jwie 2024) ￿mpriSed of 56 fiill lime officors 8ftd a bajik of 78 sessioiial ¢oiniTriuriii)' toach¢s, trainers j'outh i%Drkers w'ho art typicall). employed on fixed.hour ¢oniracis. Ille full) support th¢ ¢ampAl8ll io p8} dl eJnployre5 a wa8¢ that refle¢￿ the irue ¢051 of living in l.ondon. All full tiiiie and pjrt limc Staff Ale paid Ihe Londort LiYi118 Wage a$ 4 miniinum. Sournes of fvTrdSng Financially il'e are 8¢n¢rou$ly support¢d by th¢ Premier LeaBue and our parenl club, bui Mt Can Siill only scralch tlie siirfacc in %iipporting youn8 people IhTougli ¢hallen8Lng iimcs. (￿1 fundiaisiiig activilics ire IheT¢foTC esseTriial lo our IoiiE-ierni susiaiiiabiliry 8nd 8rowih. Across Iht 2023-24 5euson we iais¢d funds ihrough OUT Maraihoii M8rcli,13ike 10 Wolv¢rhoniNots, thc Palace for l.ift Super f)rnw Jnd choriifjble dot)aiion5 throM811 SPOIJSQT5hip an(r our Inve51oTs Club. Se¢iioii 162a of ih¢ aiarilie5 Aci 2011 requires ¢haiill¢$ lo make H stalemenl regording fvndraisin8 aCtIVlllC5. Our only dire¢l fundriising from Ilie 8¢ii¢ral public ¢onie$ from i "Donoie" button on our w¢bslte. wilh amounls i¢¢¢iired PY¢5entcd in oiir o¢¢oun15 Miihio"donaiion$. legaeie$ and other 9￿raittl8 IllCOIIIC" In r¢lAtion lo lh¢ obove used Play fiind WID. a prolessioijal fund.riiserhhird pany Io Taise fvnds via OUT Inaich dty .%upcr.DraM.. Pla>, Fynd Ivin are also wsed by other Pr¢ini¢i Le8BiJe football ¢lubs ￿]d optiale a fundsd15illg plaiforin Ihit uses Bainificalion 10 riisc funding for good causes. They are members of ih¢ ClianciLd Inslitulc of TriindrftisinE. Naliungl Outdoor Evcni Associ1￿ lion and th¢ Association of Festli￿ Or8anis¢rs. Play fund Win arc regisier¢d as daia ci•ntiollcrs ii'idi lh¢ Inforiiiaiion Commi$5ion¢rJ Otri¢e. Tl)c dB>'_lo-(idy mpna8¢ineni of¥ll iiicffjmc 8¢neraiion 13 dclegA*d ID ihe m8na8einciil It8m. Ivho are accountable 10 the Iru51ees. The chaTily ha5 noi eonsid¢r¢d il n¢¢¢ssory to ¢oniply ivith any voluniary lundraising ¢odcs of ptaeiice. Wt hELV¢ rec¢ived no ¢on)plaints in rclaiion lo fundraising acliiilies in thc pasi year. Poliflt$ Proceslts Ow dAy.10-day operniioiial ￿Ork iii th¢ Foiindalion is govcmed by a iobwi aiid ¢oinpielKnsive sei orpolicies Set 0111 in Ihe Foundation's £.niploJ'¢e HwidlM)oK. Thes¢ are Teviemrd extemally b). lh¢ Premiei l_eague &5 pan of Iheir C'apabiliiy Pro¢ess ¢0 cnsure or84Lnisaiions tkliverTrnB Pren)ICf l.e*8ue PffogFammes are'fit foF ptsrpose,. PB8e 6 PALACE TrOR LIFE FOUh'DA TIOPI {RFLISTF.RbD h'UNIIIER: 06664142) Report of th¢ Trusiets ror iht year endtd 30 Junt 2024 Prlntlpal rlsk5 uncertalnfiu The l."oundaiioii has prcpoTcd a foimHI ri%k i¢gisier highliBhiin8 lh¢ Principal risks are expos¢d io aJTrd Cll5UTiJI8 syslejns ale in place to n7ana8c Ihuse ri5k5. lthe Senior Mapagenient Tcam monitors Fisk Ihrou8h wi¢kl}' Senior Mana8¢ineni Teajn rncclings. and a TC8isier shwed K'iih TriLSiCCg ai Qyanerly meeiings. A Tm8iec $5 d¢siwiaied with 5pecifii responsibilit>. foT risk managen)Enl. The ke). risks fatlng Iht organ5$allon ire- Saf¢¥uarJlng r15k.. The inipaci ora major safegU￿dIng failur¢. resuliing iri nr8alive publicily Aid1055 or coiifidencc fron) our fuiidets and parlitipants. FumdlnR iisk.. A r¢duclion in Premier League Chariiable Fund {PLCF) fundin8, eithcr due 10 T¢legDtion OT ehttnges in pi.cr disiribiiiion policies. Building financial T¢serves and dci'¢lopinB ind¢pcndeiil incom¢ source$ would h¢lp miiigat¢ this. 'nzrshlp r15k.. ChanBe of CPFC own¢rship. where a new oiviei J118)' be le$$ supportiv¢ ilian ilie incunibeiiis. This could affect finjnccs ￿ iyell &$ aec¢ss lo offire sp8ce. faciliii¢$. ¢on)muiiicaiion channels. player app¢arances. and brand usage righis. Optratlnnal dlsrupllon.. Su$per15ion ofpivgrammes and fvndraisiiig events lo pand¢mics or civil unr¢sl. IT amd st¢urlly'. Risk of coinput¢r Systems failure or dala105sAheft. An IT recovery plan and GDPR ¢on)plian¢e ine&8ures ore in place 10 in4u)ag¢ this. Gov¢rnmtnl pollty thangts.. Pot¢iiiial Inc￿￿5 in O￿TIll0￿#t cosis due to ¢han8cs in Boverninciii poli¢ies, such a5 incTea5cs in emplo>tte naiionRI insuranc¢ ctsntsibulions or ih¢ mininiuni H'ag¢. Ivc rcniain lo sc¢ th¢ impati on oiir income of cun¢ni1¢8yslaiion irtlfodu¢ing a new. fooiball r¢gulalor. REFF.RENCE AND ADIIINISI"IIA TIVTr: DETAILS R¢¥isl¢red CoNipiny nvmb¢r 06664142 (F.n8land and Ivalesl ReElst¢Ftil Chirlt>' number 1123878 R¢¥lsl¢r¢d nffitt .SclhiJr51 P￿K Stodiuii? Holmesdafc Road London SE25 611IJ 'rYuJltts K 11 DAY IVrii¢r S M Fulltr MorkciTrng Dir¢¢ior N Mcint05h Newspapcr cdii()T F. W W￿ner OEIE (Noft-f*ecuiii'¢ Diteeior) Chair B C IVebli¥r cprc Commcrcial Diieeior A Fulker FIR lJii.stness PArtner A fiernniing Councillor V Ilroinfield-14ughes l.i&wyei P A Clark Reiired Cliarteied Accouniarbt P M Cleul Non-l-xecuiive Direcior orid Advisor Subsequ¢nl lo the IT￿1¢¢ m¢¢iing on 3rd Iktcn)kT 2024. F. Ilt Ivamer (XJE M'ill nxign, PM Cltd ii'ill bc ai?pojt)led &8 Chair (JfTn151e¢s. Atsdi*ors Xeinadin Audii l.iJiJil¢d Ch#nered Ac¢ouniants and Siaiuiory Auditois Niglilin8alc Ilous¢ 4648 L￿1 Sir¢et Surrey, K'f17 IHQ Pa8e 7 PAI,AC.I: Tr"OR I.I&E FOI;,YDA'fioN (REC.ISTF.RED N'UIIIIIER.. 066641421 RtJv)rl ofthe Trust¢¢s for Ihe wear f nded 30 June 2024 REFEHENCE AII'D ADillIh'lSI'RATIVE DETAILS IIADk¢r$ Royal 13ank of S¢otland Flonurary PRtronJ Stephcn ]3roi%'cii Eddie 127_ard Andr¢iv Johnson S￿4￿n11d Rcid Tlir Ri Ilon.Sici'e Recd OBE MP Chuk'a Uiiiunno B¢n Bailey Sinith Mark Elright .Saima Mohsin Senlor hlaiiA8emenl Tt$ni Mich￿Cl Sumn)e ch￿ilY Madzoi¢Ta t)uncwJ Robinsoii Susthji P4tiierson Siniih Nai&slia Si¢phens Aziz 7.iiiat Luk¢ Hirsl Chief Exe¢uii4'¢ orrieei Hcad of Ac¢ouniin8 Il¢ad of lj)ef¥ii￿nS Ilead of Pail)Ivays arKI Lc4Thing Head of Communr¢aiions and Fundrnising H¢ad ofcomniunii>' Engageinenl Ilead ofpriniary Ldu¢aiion and Football Development STATENIF.N'I' OF 'I'RIIST*.F.S' RESPOPiSIBILJI'IE.S Th¢ Iru51ces (Ivho are also ihc dii¢cior5 of PaJ8¢e For Life l&oundaiion for the purposes of wmpa¥iy law.) &rc rc5ponsible for preparing the R¢pon of tlL¢ Trusiees #nd the rtppnciol s(Qleincnts in aV￿rdanCe wilh applicable law 8n(I ljnilcd Kin8doin Accouniing Si•ndards IUnil¢d Kingdom Oenerally Accep*d Accowitin8 Proclic¢). Lompany law reqijircs the twsiee$ lo prepare fin#n¢i•J staiemcnts for ¢ach finah¢ial year wTriich 8ive h Iruc ind fair vieiv ()[ the siaie of affair5 of Ihe eharii8bl¢ ¢onipan} and of the in¢oniin8 J¢sourc¢$ and opplicaiion of resources in¢ludiiiB ilie incoin¥ und eX￿lid17Ur¢. of Ihe thariiable company for thai pertod Iii preparing Ihose flnan¢ial stalemeDlS. th¢ trUS*cs ar¢ req￿￿ed 10 select suilable o¢couniÉn8 wJliLic> and then apply Ihcm consisienily. obsen'e tho melli0￿ and principles in Ihc ChaTity SORP.. make judgemrnis wid ¢Slima*s thai are r¢a50noble and prudeni. PT¢pare ihe finniicTral stdl¢meni$ on th¢ 80ii)8 t(>n¢cm basis unless il 15 inapproprinle lo pr¢sun)c lha¢ ili¢ charitable ¢onipan}' will ¢onliiiue in busine5S. ThE Irustees are responsible for kt¢pin8 PTr)per a¢COUllliiig rccords i%,hich distlose willi 1¢850nable 4ccurgcy al anj lime Ilie finan¥ial p05ilion uf Ihc th&rilable ¢omp8n)' and io enilblc them to ensure iliai the fJnan¢ial $iThieii)eiiis comply wilh Ihc Coinpaiiies Act 2U06. Thcy are also re$ronsible for saf¢guoTdin8 the ￿e15 ofih¢ ¢lieriiabl¢ company aiid hence for tllking r¢&sonable slep5 for thc pr£vcniion ai>d d¢ieciion of fraud and other irr¢Bulariiies. In so fw a5 tli¢ Irusice¥ a¥c aware". Iherc is relei'ani audil irhforynHITon of which ihe Char￿tabl¢ compll￿) s audiiors Hre un81Tr7r¢.' and Ihe ITUStees have taken all sieps Ihai the), ou8hi lo hai'c i¥ken 10 mak¢ Ihcms¢lv¢5 awllre of any rLlcv&ni tsudil ii)fonnolion and lo esisblish ihAI th¢ audilots arc aWAfe of thai infomiAiion. P48c 8 PALACE FOR LIFE FOUJNDAI'ION (RLGISTF.Rb D F4'llJfHF.R: 116664142) R¢yorl of ih¢ Trustte5 for tht year ended 30 Junt 2024 AUDITOHS The 4udilors. Xcinndin A￿￿11 Limited, w'ill be propos¢d for rc-appoinlm¢ni bt fthTthct*inin8 Annual Gcricral Mcciing. Approv¢d b>, older olihe tr￿ard of tFusiee5 On....... .. 3..1...i.Ll..L and siÉned on its behaifby.. I IV Ivarjitr OBTr. . T Page 9 Rtport of the Indeptndtnl A￿d1¢Or$ t• th¢ Nltmb¢rJ (trf Palitt For Life Troundatlon (Regisitr¢d number., 066641421 OpSiiiL)n We have auditcd ihe financfftBI 5talemeThts of Palace For Lif¢ Foundation (the 'chariiable company) for th¢ year cnd¢d 30 June 2024 wliith wmpris¢ th¢ Siaierncni of Financial A¢iii'ilie$. the Flalart¢¢ Sheei, Ihe Cash flow Siaicmtnl wid notes kn ihe fiiilncial Sikl¢m¢n15, Ln¢luding a 5uminary of siBnificani a¢couniin8 p)li¢ies. 'llJe fIn￿elA1 r¢poning frajiieivork Ihdi ha% beei) applied irt their pr¢paraiion is appli¢able law ynd Uniied Kingdom A¢¢ouniing Stsndards Iljniied Kingdom Gcnerall)i A¢cepitd Ac¢ouniing l>faai¢¢). In (iur opini¢)n the finon¢ial $kntemenls'. giv¢ a true And fair view of lh¢ slate of th¢ ch￿il￿ble £(￿1panY'S offairs tlq ai 30 June 2024 and of lis inroini118 T¢sources and applicalion of rasovrces. including its incom¢ and cxpcndilufe, for Ihc year then ended,, have b¢eii prop¢rly prepared in 8euJrd8nc¢ Miih Uniied Kiiigdom Generally Ac¢epied A¢cowilin8 Practi¢¢'. hav¢ becn pi¢par¢d in aetoTdaAt¢ ￿'1th ihe r¢quiiLment5 of the Companies Acl 2006. BASIS for op1￿5011 We ¢ondu¢led our aiidit Accordance M'iih Iniernaiional Siandard5 on Audilin8 (UK) {ISAs (UKI) w)d applicablc laiv. responsibililies widcr those stsndards we fiiiih¢J d¢scvibed in ihe Aiidilots, 1¢5wnsibililie5 for the audil of ihe rinnn¢ial Slal¢inen15 sefflion of our report. We ar¢ in¢Jep¢iidcni of the chariiable company in aceordai)ce with the cihichl re9uiiem¢nis that are relevanl to oiir audii of th¢ finaneEo] statemei?Is in ih¢ UK, iiicludinB ilie FRC'S Eihicai stAnd￿d, and ilie provisions availftbl¢ For small ¢Dlities. in the CiTtum514nc¢s sef oui iri nole 20 10 Ihc finwicial Slaiemtnls. arid ii'c havc fvifilled tsur oiher eihtcal 1¢$p￿SIbIlitIeS in ac¢4)Idance M'iih Ih¢se iequir¢tncnts. W¢ b¢li¢ve Ih&i lh¢ audil ¢videii¢¢ M'c have ob114 ined is $UtTicieNI and 3ppfopTiaie ￿ provid¢ ¥ basi5 for our opinion. Contlu51ons relitlng io goln8 eonctrn In audiiinB ihe fu]4￿cial siaieiiicnts, i¥t Iiave ¢on¢ludcd ih•t the irusiL¢S' usc of the BOinB roncern b•i$ ofaccouniing ITh lh¢ PT¢paraiiort of the financial sia¢¢menls is appiopri•i¢. 13ased 011 tlic M'ork li'e hav¢ pciforuiod, hov¢ nol ideniificd Dny Inoicri8I unt¢rtainlies relatlll8 10 ¢v¢n¢s ur condiiions Ihal, individually or coll¢¢iiv¢ly. maj casl $iBnifi¢oni do￿bI on the ¢harilabl¢ ¢oinpan>'5 ability io ¢iTrnlinue &$ a goiiig ¢oii¢¢ni for a period of at leii%l tiyelve inonih8 from when Ihe finoncia] slalciiients aF¢ auihoiised for ISSU¢. Our r¢sponsibiliii¢$ und the i¢spon8ibilities of lh¢ Irusws K'iih T¢5￿{ lo Éoin8 ¢oncem •Jc describcd in ￿1¢ relcythni Uiher Inforni•(lon The Iruslces Arc icspoJicibl¢ for the iiiforniaiion. Ihe oiher infomiaiion comprisE5 thc infoniiaiioii iJi¢lydcd iii Ihc Anjiiial Ileport. oihei Ihan th¢ financial 51aleme￿$ and our R¢wn ofih¢ Indcpend¢iii AudilOf5 Ihcreon. Our tspinion on Ihe finwi¢i81 $14iemL'ni$ do¢s IM>t coyer the oih¢F iiifonnation aiid, except io the exicnt oih¢nvise rxijliciily st8ied in oiir rep)rt, i¥¢ do not expr¢5S any forn) of assurance ¢LIRLliision ihcrcoTr. In connc¢lion with our audEI of Ihe financial sttltiii¢nts. our responsibility 1$ lo re&d Ihe other informhlion and, in doin so. con¥id¢r wheiher lh¢ other ii)forn)alion is matcri￿lY knronsi51ent with Ihe finAn¢ial 3lai¢ments 01 our knoiYl¢dge obtaincd in the audil or othcrnvise hppcaT$ lo bc mplciially missialcd. Ir ￿'C idcnltfy siicli mai¢iial iiiconsisi¢llcic5 or appth'cnt niai¢rial IniSSlil(¢m¢nls, we arc weqiiirtd lo de*riiiino ￿h¢thEr thi5 givcs rise io R niai¢riol m¥s51&1¢ni¢iil iii the tinwiLial sl8i¢iii¢nis Ihcm$elves. Ir. based on the ￿¥S[k hav¢ perfomi¢d. concliJ¢ie thai ihere is o materiol mi55lairiii¢ni ofihi5 oiher ioforniaiion, li'e aic re4UITed io repon thai fa¢1. Ive ho¥.¢ iKJthing 10 rctrt)tt In thi5 r¢gard. OpiDiOnS on olher mMl¢ers pres¢ribed hy the Complnlts Ati 2006 In ovr opiriioii. b￿¢d on the ￿Ork iindeM47ken in Ihe ¢ou15c of Ihc audil.. Ihc inform&iioRI gii'¢n in th¢ Report or Ihe Tru$l¢cs for th¢ fiftan¢ial ycar for which the fiiionci81 siAieineiiis are prepprcd is consisieni ivilli thc finai¢ial Slateni¢n15; and thc Report of ihe Tru$tecs has been prcpartd in ac¢ordanc¢ widi applicable l¢Bal Tequir¢meiiis. Page 10 R¢yort of Ihe Indeptnden( Audl(ors to iht hltmbtrs of P*l•¢t For l•ift Voumlailoffj IR¢gls(ere41 nurnbt¥: 06664142} lalters on Thhich we are rtqulrtd to Tepori by eittption In th¢ light ofthe knowledge and underslandEng of ihe tharilable cotiipany and its eni'ironmeiii tsbtsiiied in ih¢ ¢ours¢ of¢h¢ aiidil. M'e haic noi ideiitificd nJaIcri￿ missiaiemenis in ihe R¢port ofihe TnJsi¢¢5. We hJi'e iiothing 10 rcpori in resp¢¢t of the fdiowing matters ivhct¢ ihe Coinpanie$ Act 2(KJ6 requires US to report io YOU Ef, in our opinioii.. ad¢quat¢ A¢¢ouniing records hair nol been kept or reiunjs adeq￿&[¢ for our audit hair noi been r¢¢eiv¢d froin brAnch¢s noi visiled by u5. or Ihc financiol 5tal¢incnts are in agwttnicijl witti the Jccouniing iecords ond retwns,. or c¢naiii disrlusures oftrusi¢¢s' reniwJ¢iaiion $pttifJed b)'18w' ar¢ not ill8de: or li'¢ Iiavc ijol re¢cived all the information aTLd expl&naiion$ requir¢ for our audil- or the trusiecs ivcic noi cniiilcd io lake adi'anlage of IIK sinall eompani¢s e¥¢mpiion fiom the r¢quitemen( io prei)are Strategic Repon or in pr¢paring the Repon of ih¢ Tnjsiees. R¢sponslblllil¢s of iruslees As e%plaiiicd iiiorc fully in the Sialein¢ni of Tiuslces. Respon5ibilhtic& Ihc Iru51ces (wlio w¢ alsv the direc￿[$ of ihc ¢haTiiable compuii). lor the putpnE&s t)fconipa¢i)' lam,) dT¢ re5ponsibl¢ for the picparaiioii of thc finan¢iol statements and for b¢ing saiisfied ihAc iho, give a trve and lair view, and for su¢h intcrnal wnlrol a5 ihc iru$i¢¢s d¢iern)ine is ne¢¢ssttry lo ¢nabl¢ tlie PTcpaTalithi of fthanciftl S￿l¢m¢nts thai ar¢ fre¢ from niatell81 misstaleiT)enl, Mtheiher due 10 fTauil VT crior. In prcparinB thc financiol st￿¢m¢nI$, Ih¢ tiusiees ore Tcsponsihle fff a$5essing Ihe ¢haTilabl¢ coinpony's ability io cojiliniie w a £oin8 con¢em, disclosin8, ￿ applicable. m8iiets 1¢18ied 10 going toiiccm and iising lh¢ goillg conceni basis of a(co￿￿till8 unless Ihc Irusiees tiiher inlcnd lo liquidai¢ the ¢hari(abl¢ comparhy or to (ea5¢ opewaiion5. or hHVC no r¢alisii¢ alf¢maiiv¢ bui to do so. P&8¢11 Reporl of ihe Indtptndenl All￿11•Y5 lo ihe hlemb¢rs or P#l#¢e For Lif¢ Founditlon {Rtgiilered number.. 06664142) Otsr rejponsibllitits for Ihe 4udli of the nnatheS1l Jtlttmtttts OUT obje¢ti%'es arc 10 obiaim T¢asonabl¢ assurRnce about i%.h¢i￿r lh¢ rmanc￿oI slaiem¢nis ￿ a wthole ar¢ frcc from material inissiaiEni¢nt. whcther due io fraud or ern)r. and to Issue a Report of lh¢ Indepondenl Auditors thai includes oui opinion_ Ileasonabl¢ a5Sl]f￿cc is 8 Iiigh l¢i'¢l of assuiane< bui is noi 8 8uaranie£ iha1 an aydit coiiducied iri accordanc¢ ivith ISAS (UK) will alwa)'s dei¢cl a m￿en3] 11)issiat¢meni when li ¢Aists. Missiaiemei)ts cart ari.gc fTOll) rraiid or error aiid are con5idtred niaieiial if, individuall>' or Ihc aggrcgaie. they Could re&w*ably be exp¢¢ted 10 influen¢¢ th¢ ccononiic de¢i5ions of u5crs lak¢n on the basis of these fingjjciat Siai¢ments. Th¢ cxtent lo Mliich our procedurcs are capable of deie¢iing irreeulariti¢4 including fraud is deiail¢d below". We d¢5igii ￿ld impl¢n)ent proc¢duies d¢si8n¢d to ￿k•W U5 to.. Ideiiiil). wid a$5ess the iisk of malerial missialcment of thc fin￿¢1&1 Sfalements. whcther du¢ 10 fraud OT ¢fror, desi8 and perforni audit piurediwes responsii'e io those risk5, Rod obioiD audll cvidence tliat ES 5ufficicnl and appropriaie 10 provid¢ a basis for our opinion The risk ofiioi deieciing a maicrial misstatcment rcstsliinB fmm fraud is higli¢r for onL TL'5ultiiig from ¢rror. ￿ (laud may involve wllu5ion. forgery, inlenlion81 oinissions, misr¢pTesenlaiion$ OF th¢ ov¢rrid¢ olii)iernd conirol. Obiain urid¢rsiandin¢ of ini¢rnal ¢onirol releYAni ￿ ihe audil irt order lo desigp audil piottdurc$ Ihai •Jc Hppropiiale in ihe circum51an¢¢5. bul not for ih¢ pu￿Os¢S of ¢xprcssing an opinion on thc effeciiv¢n¢ss ofili¢ ¢liaJily's intein81 ¢Onlrol. Ei'alufite lh¢ oppr(>pri8leness of acrouniinB ￿11¢1¢$ used and the rewn&blenes5 of a¢couniiii8 csiiinii¢s thd ihe relai¢d dis¢105uwe$ Inade by trust¢es. Conclud¢ on Ilie appropii¥iene$s of ihe tnislees. use ofilK Boill8 ¢01)¢cm basis ofo¢¢ouniin8 ￿d. bwd nn tile audil cvidcnce obiained. wli¢ih¢r a mai¢rinl Iinc¢riainty' exists ielated io evcnt or coiidiiions Ililli maj, cwi $lBnificanl dou on Ilie Ch￿lty,S 8hilil)' lo ¢oThliniie as a goins cun¢¢in. Ifmr ¢onclud¢ IlTral a m¥i¢rial un¢enainiy ¢xi5ts. M'¢ are requiled lo draw atleniion in OUT aiidiior5 r¢pon 10 the Telaled di$¢losure in Ilic rtnanciAI 51aiemcnis or if sucli dis¢l¢>suTC5 are inod¢qiiRI¢ lo niodify otsr opinion. Ow conclusions Bre based on Ihc audil eipidenr¢ olx&inciJ up io the dale of our aiidilof's report. HoMTver, fuiur¢ ¢Ycl￿$ or rondiiions may ¢au5e die ¢hariiy io ccAs¢ io ¢oniinvc as a going concern. -Lvolualc Ihc overAII pr¢s¢n¢¥li￿i. slruciuie and conienl of the fiiian¢i81 stateineni3..includin8 tlie disL'losur¢s, and whrihcr thc rthantl￿ sI￿¢M￿nt$ r¢pr¢seni ihe wid¢rlyin8 Irw)sa¢iith15 ¢venlts in ?. monneT ihni 4¢liicvcs fair pie5erstaiioii. A furtlier descrii?lion of our responsibiliiie5 foi lh¢ audit of ih¢ finBn¢È•l $lal¢inciils i$ lo¢alcd oil the Fiiiaii¢ial RcportiiiE CoLtncil's M'eb5ile 81 wwv.fr¢.orB.uklaudiloTMespoiisibililics. This descriplion foniis paJl of our Report ofthe Iiidependcni Audilor$. Us¢ ofour report I'his rc the .oin ers Aci 2 maiieTS ely to Ihe ¢hari1obl¢ comp8n) s members, ￿ o body, in aCCOTdanc¢ witli Chapi¢r 3 of Part 16 of 6. Oiir audil Work has been undertaken so Ihal mi8hi slai¢ 10 Ihr rhBritable ¢onipany's ar¢ Tcquircd Io Sial¢ to Ihtni in Nn auditors, report thid foT no oihcr pu￿oSe. I'o ih¢ fullcsl lie do noi accept OT assume fesponsibiliiy 10 anyone othEr than the ¢hariioble ¢oiiipttnJ' and th¢ bels &$ 4 ￿d)., for otsr wdii ￿￿Ik, for Ihis r¢poll. oi for the opinioiis have fomied. 'è150n Tr .￿d on behDifof Charteicd A¢¢0 Nighiingale Hou5¢ 46-48 1.asi Sireei r:p50m Surrcy KT17 IHQ Siaiuiory, Auditor) nodin Audil l.in)iied ts and Siituloi), A￿dI10r3 Page 12 PALACE FOR LIFF. FOUh'DA TION St•ltmtlll of FinonrlBI Attivilies (Inrorporallne Jntomt and Expenilllure Ae¢•unt} ror Iht )tar tnded 30 June 2024 Unres¢ri¢i rwid 2024 Toial funds 2023 T4)tal runds Desi8ll•lcd fund$ Restrictcd funds Notes Ih'cofwlE AP•D EINDOWIllEN'fs FRnhl DonHlioiis, IL'gacit$ and other op¢raliii8 income 405.585 405.585 341,910 Ch2ril#ble ictlvllics Sports D¢iclnpm¢ni Comn)unily Proj¢cts Fundraising Suppon¢r F.n8118¢m¢nt Ii)vesiiiieiii incom¢ 654.373 80.430 525,064 439.772 823,539 1.094,147 924.250 525.064 29,167 886,45S 1,013,412 409.014 25.ono 20.281 29.167 688 922 1292 478 3001681 2 680 127 PEiIDITURL ON Chirll$blt St¢ili,liles Sports De%'elopii)cni Comiiiunily Projects riinLlrui51ng Supporter EnBaecm¢ni 713.473 100.316 231.218 566,068 1,195.208 1.279.543 .322,101 231,218 967,791 1,378.697 158,346 20.577 Tol#l 1790 443 2 862 029 2 530 034 Nct Bftinsl(Io.ISL$I on uive$iiiients 12 3071 NF.'r IPiCUNIFJI>.XPF.h'DITURL) I'rBnsferJ betw¢¢n funds 671,561 497 96.$ {296) (497.965) 497 965 173,300 137.786 'el hJthYeMtnl In funds 173,596 (296) 173.300 137,786 RECo￿,(,1LIA Tiof4 OF FUNDS l 01￿ funds broiighi foim'ard 860.022 146.789 1.006.811 869.025 TOTAL FUNDS CARIIIED b()RIVARD 1033018 146493 1000 811 PaB¢ 13 PALACE FOR LIFE FOUh'DATIOYI {RE(¥lSTERLD NUJ¥IBER: 06664142) B%lgnce Shtel JO Juxt 2024 2024 T￿81 ds Unr¢stri¢t¢d lund 2023 Tnial runds DesignaiL.d fund% Resiri¢i£d funds No*% FIXLD Asswrs Iniangible Assets Tangibl¢ asscis IiivestsiieNts 12 13 1,926 55,055 520 968 1.926 55,055 520 961 2,692 54,886 487631 577.949 577.949 545,209 CURIIY,N'I' ASSLTS tkbiors InveS￿￿ents C&sli al bbnk 15 10 155.762 828.001 155,762 828.001 193 365 81.974 254,716 568 094 146493 1,030.635 146.493 ,177.128 904,784 CREDII'ORS Amounts failing iviU)in on¢ }'¢ar 17 (574.966) (5?4.966) (443,1821 NF.T CIIRIIFTrrf ASSETS 455 609 146493 602 162 TOTAl¥ IISSLTS I.Tr.SS CUIUIEI￿ LIABILII'ILS 1,033.618 146.493 1,006,811 NLT ASSE'TS 1033618 146493 1006 811 Tr'U,YF)S Ilnre$lridcd funds.. (¥¢ncrAI fiind D¢si8naied fuiids 18 1,033.618 146 493 860,022 146 789 TOTAL FUNL)S I Cl)6811 These fiiian¢iRI siaiernents hov¢ b¢cn prepared ￿ Jccord4nce wilh the proYision$ app5i¢#blc to clioriiablc ¢oll?ppniLS yubj<¢(10 the smhll conipanies 1¢8ime. 'rhe finartcial Si#lem¢nis Ntre Jpprov¢d by the Iloard of TDJSltts and lu￿10n$t￿ fDr issu¢ on . Z&fr. aiid H'¢1¢ si¥Kd on lis bEhaifb)': Clark . TTU51¢e F il, Wpmer OBE- T￿$1¢¢ The no(¢s forni parf of these financial statements Pagc 14 PAIACE FOR I.ITrE FOUN'DA Tloh, Cash Flow. S(altmtnl for iht j'tar tnd¢d 30 2024 2024 Noies 2023 Casli from oper¥ilnK Acltvllle5 Cash Ben¢To(ed fro1￿ operaiions 216091 Net cash provided by opctaling a¢liviiics Cash noMS froni IiJvt511ng *tilvlileJ Purehase oCIRnBLble r￿ed &8sc¢8 Pur¢hd5e of fix¢d assei inve51niei) Sal¢ orrixcd asxt rni'esim¢nts (17,846) {12,189) 120,631} {499.938) Nel cos11 used in ini'¢51ing activili 17535) 520 569) Ch*nge In t¥sh ind eA$h equfv¥ltni> I the rtiinrilng ptrlod Cash And (ish ¢qu5v#ltnls At the beglijiilni of thr reportlng ptrlod c.oih and cxsh equlvaltnls Al Iht or Ilit rniiDrlinK p¢rlod 198.556 (442.930) 822 810 265 740 021366 822810 Th¢ noies forn) paJt of thesc flnonciol stOl¢Jnvnls Pw15 conliniitd... PALACE TrOR LIFE FOUN'DATION N•l¢s lo Ihe C•sh Fjuw S(al¢mtnt ror Ihe ytar tiided JO Junt 2024 RECO&NCILIA TION OF Nbl. Ih'CONI IE TO liEI' CASII FI.OII' PROhl OPERATING ACTIVITIES 2024 2023 ,%'el iijcoiiie for tht reporilng perlod (as p¢r Ihe Si•ltment ofTrinan¢ial ActlYlii¢s) AdJuslmtn¢$ for., IkpTeciAiion char8¢S ICJaininosses oil iiiycstmcnis {IEJ¢rcas¢llde£it15e in dcbiors Inci¢ascI{d¢¢rcasel in CTcdi1015 173.3th) 137.786 18,443 (33.6481 (73,788) 131784 18.392 12.307 11,399 102 245 Ntl ¢a$h yroi'ldod by optr#tlon$ 216091 ANALY.8IS OF Cll•lNGLS IIY NF.'I' TrVNDS Ai 1.7.23 L05h flom, AI 30.6.24 Net ¢15h Cash ai bonk 374 729 193 365 374 7291 193 365 1.14uld resources Current 1ts5ci inYrsln)enlS 254 716 573 285 828 005 'I'o(Hl 822810 198556 1021366 The nthes forn) part ofthc5e financial statemcrfs Page 16 PALACF. FOR LIFE FOUTr4DATION Nrfyles to Iht Trlnallel41.Si*lemenls ror the )'t*r thded 30 Junt 2024 STAI"UTORY Ih'FOII,IIA TIOIY Palac¢ fot l.ife Foundation (previrAtsly Cry'siaf Palac¢ FC Foundation) 15 a chRrilAblc con)pany lilni￿￿ by gyaTant¢c and domicilcd in England and Illale5. The ¢haJily is Tegisiered in Engi&nd tsnd W8le$. regisier¢rf coinp8ny nurn￿r 06664142 and regisiered charity number 1115878. Th¢ iegi$iL'r¢d offi¢c is Sclliiirsi P￿k Stadium. Trlolm¢sdal¢ Road. Londoii, S125 6PIJ. 'rht prin¢ipai acliviiy of Ilie rhar¥t)' is the provision or raciliiics for fooib8Jl and mulfi-sports dev¢lopnicni, social iiiclusion. healih wnd educaiion. disabiliij. and Myinicn's fooibaTI. Financi81 slaiemeii15 ar¢ pr¢￿nted in pound S*Tling and rovnd¢d th the nearest £. ACCOUNTll4G POI,ICIES BASIS OF PRF.PARING TIIE FINJ *lliCIAI.STAI-E,IILN'TS I'hc linati¢ial S¢aleincnis of ihe charitabl¢ conipany. Mlbich is a public betlefit ¢niily under FRS 102. have been prcpared in accordance with the Ch8rilics SORP {FRS 102) Ac¢ouniing and Reporting by ClIHrilies'. Sialcineni of Rrcornmend¢d Praciice #pplicnbl¢ io ch&rili¢s pfepJiing iheir oc¢ounts in ucwidartce with th¢ Fin&i¢ial Rcpofting SiaTrd￿d applJe4bl¢ in the UK and Republic ¢1 Irelond (FR8 102) (eflcclive l January 20191,, Financial Reponing Siondard 102 'Th¢ Financial R¢poTltn¥ Standard applitAblc in Ihe UK and Rcpublic or Irelaiid. ihL Companies Aet 2006. Th¢ fmancial si8i¢ments havc bein PTepaTed under the hisiorical ¢osi ¢onvcnlion. Miih the exfeplioii of inves￿n￿ts M,hich included ai IiiaTkcl valuc. Golng Concern l-h¢ Iriislcc5 hovt reVie￿d thc foundation's ful¥￿. ￿5h fore¢&si$ and r¢venue proje¢iions. Our primAT)' fundin8 ¢Q111¢5 froin lh¢ Picmi¢r l.ewe. iYhi¢h is ¢ornniitlcd Ihrou8h 10 Aug￿1 2025. Th¢ inisi¢es are of the opinion iliai Ihe forecasts and projection$, Mthich iakc a¢couni ol possible chang¢s in ITAdiiig pcrfomion¢e in ilie ¢DrT¢ni un¢enain econornic cliiiiaie. 5hoM' lhai the foundalion ¢xrR¢ls be Rble to OP¢Talc iyiih po$ilive cRsh for th¢ fortsceablc fviure. Our linon¢ial pevforiiionr¥ wsi year ettd hos b¢¢n Èood ond 11 30 Novtmbtr 2024 QUT casli balancL'S inve51meni balance$ wcr¢ £1,754,8YJ. A¢cordingly, Ihe I nJsi¢es contillibe lo ¥(luO 8 80iDg ¢on¢em bosi5 in preparing the finhnciil 5tatemenls. STATLNIF•l)T OTr COhlPI.IA)I CE I'h¢5c fiiiwi¢i8151aieincni$ hav¢ been prewicd in ¢oinplian4e Kiih l.-RS102 ¥nd SORP 11--RS1021, Ilic financial reportin8 SIRmdaTds appli¢able in the UK and rcpublic ofircland &% Mrll as the Coinp8nL¢5 Aci 21)06. CRITICAL ACCOIIN'fiNG JIIDGTr.hlKNTS AND KEI, SOURCES OF LSI'I,IIA TION UN'LEIITAINTI, In ihe appltcDtion of ilie Lharily's a¢¢ouDling policies M'hich arc dc%ribed oboiic. Irnsicc5 are r¢quired io make judBem¢J)Is. esiimgics ond 0gsuMp(ion.% about IIK ¢anyin8 vdue5 of &5sets and li•biliiics thai are iiot feadils. ppnrenl from oilier sourL¢5. The e51iniai¢s and ¥nderlyin8 ￿$uMpI10￿5 arc based ori hisioric21 expeiien¢e and oihcr factors iliai ar¢ considered io be r¢l¢vant Actual results may ditrei from ih¢se esliniales. Th¢ e51in181es and undeilying as$umpiioll5 are rovicwed on an 01?80in8 b&sis. Revisions lo accoiinliiig C$lirll&ies arc re¢ogiii$¢d in th¢ period ii) kn.hi¢h Ihc ¢Slinial¢ is r¢vi5ed if Ihe rcvisioii affc¢ts only thai p¢riod. or in the period ofrevision and fuluie periods if the relrysion uffccis b￿￿ ctjryeni arml fiiiiEr¢ periods. 'l-hc k¢y sources of e51iniafion uncerlainly ihhi havc a si8nific8ni effeci on th¢ amounts recogoiscd in the riiiancial siitemcnts are dtsrribed below. Dtpr¢cl*iion As5Cts are Hryiiitn do￿￿ over Ihcir esiimaitd liY¢s. The actual lives of ihc ￿se15 InNy difter fron) Ihese ¢Sliinaics. 'nJc liirs orth¢ a55L'ts are kepl withr icvie%v and adjusl¢d as appropiiale. The noies fo￿ part olth¢se financial sl*tem¢nls Page 17 PAlJtlCF. boli LIFE FOUP4DA TION Tr4•1ts (o th¢ Fingn¢ial St4tem¢nts- tontlnued ror th¢ ytxr endtd 30 Julie 2024 ACCOUNTING POLICIES- tontinutd CRITICAL AC".C.OUliTif*G JIIDGEhlENTS Ah'D KF.)'.SOURCLS OF F.%TINLKTIQN UP*'CF.R'fAlJNTY Allotalion offojls b¢tM'een A¢il%'lllts Many COSIS incurred, includiDg slaly time, ¢ovu more than one a¢tivil)'. 171¢5e cosis are allocated to aciivilies based on the kej, cost drivers nnd bosl Cslimaies of siall-iime on each aciivily. INCONIE All iiicoine is reco8nised iii IIK $18i¢in¢ni of Finwicia] A¢iiviir¢s the ehwsly has ¥niiilem¢nl to the fund5. 11 is probable that ihe in¢ome ￿.111 b¢ receÈved and the &rKtiint can be measurcd reliably. Inconie froni sports related Qclivilies in¢ludinB holiday ¢ourscs 4nd cooch7n8 is at¢ouni¢d for wlien earned. Volunlary income includes donaiions and lundiii8 for specific pwojecl$ M,hicli are ll¢¢ounlcd rot wh¢n Ihe chaTIIy boLomes uncondiiionally entitled io income. Grani income is Cla￿lfi¢d deptndin8 on Ihe iernis Of Ilie Ikjnatiow and where incoin¢ relates io a sp¢¢ific period it is rccowiised G￿r ihe l¢ngih ofui41 period. EXPTr.￿,l)ITlNRE LiRbiliii¢s are TecoBni5cd a5 expenditiire 95 soon as iheie 1$ a le8al 01 conslru¢iive obligalion commilling lh¢ ¢horit>' to ihal ¢xpceidilure. il is probablc thal vl Iransfer of ecoftomic benefits M'ill be requiT¢d in seiilcmeni and the amoiinl of the obli8aiion ¢an be mcasured reliobly. lipenditure is accouIiled foE on an OCCTuals bp5iS 8nd h85 becn ¢1￿91r1ed ￿deff headings thai ¥Bgre88le all ¢osl r¢l4ied io the ¢atC8ory. Ivlierc costs ¢aJmoi be direcily allributed io panicular hewJin8s they h•ve been allo¢aled to aciiviliL's on a b&sis consisieni wilh the y5¢ of r¢50UT¢¢S. IILLOCA TIOIN, AfiD IlPPOR'fioNIIEh'T OP COSI Losis lire allocaicd to Ihe diff¢rcni g¢1ivitit$ of the chorily on An actval 5￿15 M,here possible. Wlicie cosi$ incurred T¢loie io & nuinbcr (Jfa¢lii'iiic$ Ihes¢ ar¢ apportioned on Uie basi5 ofihe iinie spcni on ihose 2eiiYiiies. IKI'ANGIIILE ASSfr.?'S V¢b5ile d¢velopmeni costs aT¢ omortised OV¢f a period of Ihtee J'ears lin a reducing balan¢¢ basis in order io 14Tile oifih¢ ¢osi over its ¢$limaird useful life. TANGITILF. FIXED ASSETS Depre¢iniioD 15 proyided ¥1 lh¢ fi?Ilowtng annu)I ra1¢5 in order Io ￿TIl¢ off ¢ach tttscl over its e5tllTialed useful Plbni and Inachiner), Fixiurc5 and fiiiin8S TIlXIll'lCIN The charilj, 15 cxempl from cor￿[8[10rt thx on its charilable acliyiites. TrIIM) AC.COUNTINC Ilnre$iricied fund5 ¢Jn be uscd in accordance %i'iih the ¢harilable obj¢¢lives al Ihc discietion ofih¢ ITuslces. 33•/• on r¢thiciiig balan¢e 201/• on rethieing balance Reslri¢t¢d funds ethn only bc ￿ed for panicular rc51Eicled pwposes iviihin ihe obJtci$ of the ¥liarii)'. ResiYiclion5 arisc ii.lien $pc¥ifi¢d by ihe donor or when funds ar¢ rois¢d for paniciilhr I￿11¢¢1¢d purposes. Degigno(ed fund5 arc uitrc51ri¢i¢d fund5 deS18n￿￿O f¢Jr a particular PUTPOS¢ by Ihe trustets. Further cxpl&ialion of tlK nttlurc piwpose of each fvnd 18 included in Ihe lloies io the fiThancial $laicmenlS. Page 18 coniinwd... PAIACE FOR I.IFE FOlJJYDATION Nol¢$ ID the FiA•ne(al Sialemenl$- conilnued for tht year end¢¢J JO,Iu*t 21124 ACCOUNTING POLICIES- ¢onllnued PF.NSION COSTS A,NI) O'I'IIF.R posr-RETIREP*lEN'T BEh'EFITS The ¢l)ariiablc company operales a defined conlrihuiion pension scheme in ¢on?pliwice ￿.)lh the aiito-enTolnieni rc&ime. Conlribtsiions payAble lo Ihc seherne are chaT8ed to ihe Si81¢mcni of Pinancial Adivilies Ilic period i Ivhi¢h Ih¢y ie181c. FINANCIAL INSTRllhlENTS Investmen1$ IDVCSimenls are staled thL balan¢e shcei * iheir opeii mork¢i valy¢. All gains and 1055es ar¢ tak'en to lh¢ Siatemeni of Flnbncittl Aciivitit5 &5 they arisc. Rcalised gains Jnd losses on iiive5lmcnts ore ealcLtlakd ￿ the dirrcrencc between sales proceeds and opcning maikei volue Ipurehase dale ill4tcrl. Uwe8ii$ed gains ftnd lo￿$ arc eal¢ulaled ￿ the dilTeiei)¢e hel*ren ihe markei value ai Ihe year end opening m8rkei vftluc lor purrh d￿¢ if I￿¢1). Ilealis¢d and unreali%ed gains ore noi scpar8icd in the Siai¢meni olFiihan¢ial A¢iiviii¢s. TrAdt And olher deblori Trdde and oiher debiots Iliai ore re¢¢ivable *iihin one year and do consiiluie 4 fiiian¢ing transaction are recorded ai the undiseouiiied •mouni expected io be re¢eiY¢d. nei ofany impaiimenl. lThose Iliui arc recei%'obl¢ 8n¢i mor¢ Ihon onc y¢ar or ¢onsii¢ule a financing tfwisaction are rccorded inilidlj, ai fair volue l¢ss Irftns0¢1ion costs and 5ubscqueftily ai omonistd COSIS. nei of impaimieiit. C*sh ind tash tqulv*l¢n(s C4LSh ftnd C￿11 equivalenis ¢omprise ¢a5h ai bank and on Iwid, demand deposiis Wilh bunks and oiher shorl-t¢rn) highly liquid inve51rntnis ￿'1th original ilialurilic8 of three inoiii115 or less and b&ik o%'erdTaAs. In I1￿ b￿llnCe Jhccl, bank ol'erdrafts ar¢ 5hoiYn w'iihin boiFowinBS or ¢uireni liabiliiies. Tr•dr •nd o¢her rrtdliors Trade anil oihrr uediiors are inilially reco8ni5cd ai the trojssoction PTiC¢ Ihcrcarler slated 81 w)10rt15ed C05l usin8 ihe effeciive inlercsi mcthod wiless ihe effect of diswuniing would bc imin*ieriAI. in I￿11£h cose Ihey avc sioied ai cos1. liONATIONS, LEGACILS AND OTH>.R OPERA'fiiic• INCOkllE 2024 2023 Donht>oiis Gionis 107,199 298 386 102,487 239 423 405 585 341910 I)On￿lon$ inelude the ofihe CliiefF.xecuiiv¢. Ivhich is fund¢d bj. Cry'slol I>￿a¢¢ l.oDlbftll L'lub. tirarits ￿¢¢IVed. included in the above, 8r¢ &8 follo1￿-. 2024 2023 Pr¢n?ier League Chariitsble Ftjnd Oth¢¥ 8T￿> 252,166 231,500 298 386 239 423 Pa8c 19 cunlinued... PALACE F"OR LlbE FOUNDATION ,Yol¢s lo iht Finan¢lal Siatemtnls- contSn¥J¢d ror tht year end¢d 30 J¥nE 2024 IN'I'EST,IAENI T IP+'C.OhlF. 2024 2023 Inte¥¢sl received IIYCOJllE FRONI CIIARITAIILE ACTIIIITILg A¢ii¥'ii)' Sports Devclopmet)t Coiiiniuiiily Projvcts FundTaisinÈ iiicome SuppoTl¢r En8118eniciii 2U24 2023 1.094,147 924,250 525.06 886.455 .015,412 409,014 2 572 628 2335 881 CHAIII I'ABLF..Icrivii'iES COSTS Diretl Costs Support ¢osls (see note 7) Toi•ls Spons Developmenl C¢mmiJniiy Vrojccls l.uiJdr&ising SuppoTlei En8aBemenl 950.IM4 932,832 231.218 329.499 369.269 ,279.543 ,322,101 231.218 2 162 101 699 928 2 862 029 .SllllftbORI' COSTS M&naBenieni costs Totals Spons r)eY¢lopm¢ni Coii?miinil)' Proje¢is Supporter Engagemcnl 324,185 363.447 5.314 5.822 27 329,499 369,269 688 765 699 928 'ET JI%'CO,IAFJIEXI'ENDII'IIRL) Nei in¢(pinel(¢xpenditure) is sta*d gtler ch8rgin8= 2024 2023 Aiidilors, ren?uiictatio I)epr¢¢iaiEon- oHTr¢d asse V¢bsile d¢Yelopmcni cnsts amortis*ion 11,163 17.677 766 9,2LM) 17,J22 Pa8e 20 continucd... PAiACE FOR LJFE rouh'DATION Not¢5 lo tht Financial SIHltMt￿IS- contSnue for tht ytgr endtd 30 Jufflt 2Q24 TRiJS fKTrS' IiElI IUNF.RATIOJN AND IIF.NEFITS 'rh¢re ivere ijo InJs(¢e5' T¢mun¢Talion 01 oth¢1 benefits for th¢ ycar endcd 30 Jui)c 2024 nor fur Ihe y¢aT ended 30 Jiinc 2023. I'IiU5TFF.S' LXPENSES TII¢T¢ Hrre no I￿51¢¢$, expenses poid for Ihe >eAr ended 30 June 2024 nor foi the year enthd 10 Junc 2023. SI'A TrF COSTS 10. 2024 2023 IVBg¢s and $018Ties Social 5¢¢UTiIy COSiS h¢r pension costs 2.001,754 178,076 1.776,670 158,123 2 221 141 1969 648 The aveT0gc monllily number oftmploy¢¢s duruiB th¢ year as follows.. Manngensent & Adminisi¥aiion CoachinB 2024 46 34 2023 46 55 101 Tli¢ nuytilxr uf employee$ whose employee brncfts {excludinB employ¢T peiisiun cu51s) excecdtd £60,000 W￿.. 2024 2023 1¥0.001 . £90,000 £90,(M)I . £IQO,000 Th¢ salary of the Chief r.xe (18,766) (37,159) 54 129) 120.904 15.247 56.718 18.766 37,159 302 923 302 923 TOTAL FUN'DS 869 025 137 786 1006811 Lornpayotiye nel Inov¢mtnt in funds. ip¢luded in the 8bov¢ are &% follo*¥.' Incoming res()ur¢¢s Resour¢es ¢xp¢ndcd Ciains Ind losse$ Movemcni in fiinJ$ Unre$trl¢led fiinds Gen¢ral fund D¢Jignoied fund5 .330.510 {734.883) 152 965> 112.307) 583.J20 li12 611) I J40.864 RtStrl¢l¢d fiJnd5 Conimiinil). en8a8cmenl - Bener Disability Piim&ry s¢hoo15 Fooiball courses l•mploym¢nl & resilience Taigeled ini¢rvenlion Suiiport¢r ¢ngagcn)eni F￿nI}Y He¥lih and M'ellbeing {887.8481 {12,307) 440,709 464,192 71,550 238.5J7 89.285 189.716 232.933 25,000 {585,096) 186.797} (295,2551 (108,0511 1226.875) 1287.062} (25.000) 28 0501 1120,9041 (15.247) 156,718) {18.766) 137,159) 154,129) 1339 263 1642 IB6 302 9231 I'OTAI. FIl￿'Ds 2680 127 Coniiiiunli). eng¥Kernei)t .1 arEclii)8 J'oung people in ￿eaS of d¢privalion. Frec K$$10￿$ in fooibg11 and oth¢r J)05iiive acliiit7e5, alon&sid¢ pastoral suppofl lo in51il Posilii'e values and help preparc OUT panicipan15 for a beiicr lifc. Page 26 onlinued... PAIACE FOR J.IFL FOIIP4'DA TlnN Notes lo ihe Flnanriil StAlcnienls- tonlinutd for ¢ht )'tar endtd 30 jU￿t 21124 18. ,IIOVF.hlEN'T IN FUP*DS- ¢onilnu¢d DIsAbllity fuiid Aciivitics suppoJling pcopl¢ of all ages livAng iiith a disalyility includTllg Amputee. tknw115 ,8yndTOI)ie, Powerchair, Vision Impaired and Menlal >leol¢h fooibhll sessions. Ibrlm4ry schools Specialisi coaches IR primory schools d¢liY¢rin8 mu¢h niore than foL)iball in¢ludin8 SllPPOrtiiig lihglish. m4th4 social 5ki115, M'ylthy living ond Inedia. Foolbill coursts Opporluniii¢s foi boys girls io dev¢lop their fooiboij skills, make friendj and li%'e11¢olUiier li(C$lyles, held iEI severol loca1ioi￿ across oiir iar8ei boTough5. Opponuniiics 3r¢ alw proi'idcd for ivoinen to improve cn8agenieni Rjid healul and ii'ellb¢ing. H¢alih ProgYatnni¢s to ¢ducaie aiid Inspi￿ children and young peopl¢ th eat healiliier dtets Jnd be morc physi¢ally ¥ttve. ond .10 irbspire adu115 to gei active. 8ei fit and ovei¢ome problems like obe$ily, loiv s¢if¢slcem and lom, onfideiic¢ d r¢dii¢¢ their risk ofdebilitsting disease Tr.niployhi¢nl & resilience Pro8rginmes io help yowig people be¢om¢ i¥prk reldy. ParficulHily forusin8 on t1￿$¢ froni di$idvhnt&gcd baekgroimds who are furthe￿ from th¢ job rnarkei. Tsrgeftd Inlfrventlon Fo¢uses oil d¢v¢lopin¥ proiLciion FACI￿$ for young pcoplc who may already bc eiiE&gcd in gnii-social l)eliavioiir ¢.&. knif¢ crime or ¢rimiiialii)'. undrR151ng and suppoittT eng•8tmfnl DraH'i118 on Ili¢ enlhusi&sm. skills and e.¥peM15e of tlK LPI.-c fAn-b35e to d¢liv¢r d¢i'elthpmenial opportiiniiyes ror the Troundaiions, pei¢i¢ipanis. •mil}' htAlth *nd iY¢llhtlth¥ V¢ use Ihe p)M¢r of Crystsl Palace FC io irfkle iaequklily and ¢naJuiage lh¢ ¢OlMiurJily lo l£ad an aciiyc Wk1 hvalili), life. Wc offer one-tO￿ne suppoo giYin8 individua]s th¢ liine ¢0 focus on ivlidl nialler5 fo iljern, lakiiig holisii¢ Jpproa¢h 10 iniprovc pcople% h¢alth and Mrllbcin8. Thruu81> ow conimunily conneciors providc opponuiJiii¢s io lake pyjl in physica] aciiviry in 4 Social ei)vironmenl, offer health cducaiion cl￿poWer iiidividunls lo live indepeiidenily ihTOU8h ac¢¢s5ing Ihe right serYic¢$ and supw)rt. De51gfjaltd funds Coinrnunil). Supporl (und This c01118i115 dcsignaled fiinds set ￿ld¢ b> th¢ TTuslces fw specifi¢ Projects. ineluding fitnding availabl¢ lo 5UPPOtI yDiln8 pcopl¢'s Irainin8 JKeds. ski115 dev¢lopm¢nl, equipri)¢ni. inienilllional experiences aiid busines$ slart-ilp e5s¢niia]$. It is also us¢d io expand pro8vammes. supplemeniin8 sp¢¢ifi¢ pro8ramni¢ areas wliKFh require further inves￿en( 8bove and b¢yond wh¢Te the) orc funded by other flinders. RELA TED PAIITY DISC".LUSIIRES Duriii8 ihe y¢ar endcd 30 Junc 2024. the Fowndaiion received donglion5 of£107,199 {2023 . £102,487) from Crystal PLIRc¢ Trooiball Club and incurred expen$es of £19,707 (2023 - 187.379) ch￿ged by thc Club. Ai the year cnd ihefe was an fjinoiml of £960 {2023 - 17.439) o*'ed b) th¢ Foundation to ihe Club, and £53412023 £Nil) 014rd by ihe Club 10 the Foyndation. 20. RC ETHICAL STANDARI) - PROI'ISIOh'S AVAIIAIII.E FOR SIIIALI. EN'1"ITIES In comn)on H'iih oth¢r cliariiies of stze and naiure v5e our auditors to wilh Ihe preparation of Ihe fiiiw)ciol siaiements. Page 27 PAIACE FOR LIFk FOllh'DATION D¢tilltd StattmtDI of Flnxn¢141 A¢llvl(Its for Ihe )*•r tndtd JO 2021 2024 2023 INC()hlE AND ENDOM'IIF.NTS Donations, Ityelts and othtr ¥Jptr*ling In¢4Jme Donations Griinis 107.199 298 386 102,487 239 423 405,585 341.910 Ini'estni¢nl In¢ome In1¢￿51 received 23,468 2.336 ChirliAblt aetlvllitS Spons D¢v¢lopmenl co1￿M￿ni1>, Projccts Fundraising iiicom¢ 1,094,147 924,250 554 231 880,455 1.015,412 4J4014 2 572 628 2 J35 881 Tolil In¢onilhK res&urees 3,Wl,681 2.6¥0.127 FXPFAIN'DITIIIIF. ChNrilahle itlivS(le$ IVa8es So¢ial security Pension$ Direei ¢osls 1,574.841 140,098 32,501 414661 1.265,593 112,637 24,829 390 302 2.162,101 1.793.361 Siipptsrl r0511 VQBLS Social seciiriiy Pensioii$ I1￿￿rance T¢lephone Posiagt and slaiioftcry %llndri¢s I'ravelling 426.913 37,978 8,810 10,130 22.781 7,663 16,459 J.823 1.585 27,141 511.077 45.4¥6 10.026 670 23,226 4,469 17.352 3,174 5.014 35.6311 1.304 46,560 Coi1ipul¢r ¢xpenses cle￿71￿ Profe&sional feis CEiM ¢01151I1iancy Bank charges Advcrtisin ljad debis Comput¢r 50tIw4kie Depr¢¢iaiion 68,323 30.0(K> 8,716 2.221 1,047 1,817 1.070 766 688.765 727,473 This page does t￿1 fwm part ofihe ￿41vIor} fin￿¢7#] Slaicments Page 28 PALACF.FOR I.IFE FOUNDATIOIY D¢tglltd Statemen( of FiTt8n¢lAI Attivllits for lh¢ year ended 30 June 21124 2024 2023 C¥OYtrnAn¢¢ ¢osfs Audilor$' T¢muncration Toial Te501Jice5 expcnd¢d 2 862 029 2 530 034 Net lji¢oiiit btfor¢ RAlns and losstj 139,652 150,093 Rtcogni.%¢d É*lnslloss¢J t)n Ilitd imel inv¢slmtfftts Gain5Aosses on fixed &ssei ii)vcslmenlS 12 307) Pitl Incomt 137 786 This pagc does li￿ foiin pan of the siaiulory financial 51aicnienls g¢29