2025-06-30-accounts

Charity registration number 1125878 (England and Wales) Company registration number 06664142

PALACE FOR LIFE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

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PALACE FOR LIFE FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees	PM Cleal, (Non-executive Director), Chair
	CAppleyard, (Director)
	V Bromfield-Hughes, (Lawyer)
	PAClark, (RetiredAccountant)
	K H Day, (Writer)
	AFlemming, (Councillor}
	A Fulker, (HR Business Partner)
	S M Fuller, (Marketing Director)
	N Mcintosh, (Newspaper Editor)
	LOjumu, (Head ofGrants)
	J Rowlands, (Police Superintendent)
	MASmith, (Company Director)
	B C Webber, (CPFC Commercial Director}
Charitynumber(EnglandandWales)	4125878
Companynumber	06664142
Registered office	Selhurst ParkStadium
	Holmesdale Road
	London
	GreaterLondon UK
	SE25 6PU
Auditor	XeinadinAudit Limited 46-48 East Street Epsom Surrey United Kingdom KT171HQ

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PALACE FOR LIFE FOUNDATION

CONTENTS

Se	Se
	Page
Trustees' report	1-7
independentauditor's report	ota
Statement offinancial activities	net2
Balancesheet	3
Statementofcashflows	14
Notestothefinancialstatements	15-30

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PALACE FOR LIFE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 JUNE 2025 OTE

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 7 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)”,

4. Review of the year 2024/25

In 2024-25 we delivered 17,941 participant engagements across our six youth-focused themes, drawing on our 30 years of expertise and the power of the Crystal Palace FC brand to improve education, health, and employment prospects for young south Londoners. it was the season that will forever be remembered as the year we won the FA Cup. Highlights were:

• » Primary Education: We provided curriculum PE, well-being workshops and events to 112 primary schools, engaging more than 11,000 pupils. Pald partnerships grew from 16 to 26 schools, and ten tournaments hosted at the CPFC Academy led to three sides representing Palace at the Premier League finals.

• • Secondary Education: A mix of mentoring, mental-health workshops and leadership courses engaged 36 secondary schools and just over 1,300 students. Premier League Inspires alone supported 217 pupils, while over 1,000 one-to-one or small-group sessions helped steer over 90 % of mentees onto a positive trajectory.
• • Community Engagement: Through 42 free weekly sessions and 18 tournaments or pop-ups we involved 2,300 young people; 24 % were girls and 57 % from ethnically diverse communities. Highlights included refugee football and a 130-guest Iftar at Selhurst Park.
• • Pathways & Learning (16+): Our employabllity programme Game On enrolled 266 young people: 57 moved into jobs, 17 entered education and 79 gained Level 1-2 qualifications. Two Youth Hubs and a Sethurst Park jobs fair attracted more than 1,000 attendees.
• • Football Development: Holiday Soccer Schools catered for 1,185 children and 1,067 players trained weekly in Player Development Centres. A record 210 fixtures were staged, and parent satisfaction remained at a Net Promoter Score of 70.
• • Disability Sport: Participation rose to 1,004 unique with 566 regular attendees. Delivery reached 15 SEND or mainstream schools and 43 holiday-camp days; teachers reported 87 % of pupils showing marked confidence gains.

Other highlights were:

• • CPFC Academy Partnership: The Academy hosted over 1,500 young people for tournaments, learning days and the new PE with Palace pilot. Five Foundation coaches completed joint CPD and five Player Development Centre athletes joined showcase squads.
• • Fundralsing: The Marathon March brought in £90,714 from 226 walkers and the Bike-from-Bournemouth challenge added £52,805 thanks to 45 cyclists. Major donors contributed a further £127,894 to support our goals.

• » Governance and infrastructure: We adopted Premier League Salesforce, began migrating contacts into a new CRM (‘The Nest") and strengthened safeguarding through the 'MyVoice’ reporting tool. Preparations continued for a move into Selhurst Park's refurbished office space and for new facility developments across south London.

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PALACE FOR LIFE FOUNDATION TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 eee

Our outlook is positive. A solid year of growth, robust systems and healthy reserves positions us to scale impact further in 2025-26, with targets to reach 120 schools, 17,000 participants and £3 million total income while deepening our partnership with the CPFC Academy and local authorities.

Remembering Aziz Ziriat This year, we were deeply saddened by the passing of Aziz, a valued member of our Foundation. Aziz made a lasting impact through his dedication to supporting young people and championing our mission. While his loss was felt across the organisation, his legacy continues to inspire our work. in his memory, we will be holding a tournament in his name to celebrate the values he embodied - passion, inclusion, and commitment to helping others.

Charitable objectives and public benefit The trustees have had regard to the Charity Commission's guidance on public benefit.

The Palace for Life Foundation is the official charity of Crystal Palace FC and has been working with the south London community for over 30 years. We use the ‘Power of Palace' to change the lives of young people, particularly the most hard-to-reach and hard-to-help. in so doing, we help to tackle the significant dangers of growing up in our local area. Our ambition is to grow our reach and impact in five young-people-focused thematic areas:

In Primary Education, we deliver a range of school-based programmes supporting young south Londoners from the ages of 5-13, Including Premier League Primary Stars — a programme aiming to inspire participants through classroom-based workshops, competitions, and developing the knowledge and confidence of teachers within PE. Additionally, we provide PE contracts and After-School Clubs as paid-for provisions, delivering the PE curriculum and various extra-curricular clubs within local schools. Under Secondary schools we deliver early-stage mental wellbeing programmes such as Team Mates, and the Hl Five project, which support the transition from Primary to Secondary Schoo! as well as the Premier League inspires, which provides personal development sessions across six secondary schools in our target boroughs. In addition, our Targeted Interventions programmes provide tailored 1:1 mentoring for young people experiencing life challenges, such as school exclusion, mental health difficulties or exploitation, through initiatives like Advantage, and Vanguard, which are funded by various partners including the NHS and the Home Office.

Our Community Engagement provides opportunities for young people from disadvantaged areas or underrepresented groups to play free football and other sports. Through funding from the Premier League Kicks and the Professional Footballers’ Association Community Fund, we deliver a total of 50 free community sports sessions for young people aged 8-18+, regardless of ability, including 39 regular weekly sessions (13 mixed and seven girls’ football sessions), six Kicks disability sessions, and other sport sessions such as multi-sports, boxing, and youth hub activities. We also run flagship football tournaments and community engagement events, such as our annual Iftar event and the Croydon Cut It Out tournament, and provide workshops on critical issues like knife crime, education and employment routes, and mental wellbeing, linking into other Foundation programmes.

The Pathways and Learning thematic area delivers school-based and community programmes targeting young Londoners aged 8-25, helping them to develop personal and professional skills and positive attitudes. We support young people in their transition through education and into adulthood, including Game On, our flagship employability programme offering weekly sessions, networking, careers coaching, qualifications, industry insights, and work experiences for lhose aged 16-25. In addition, our Targeted Interventions programme, Divert which fs funded by the focal Youth Justice service provides tailored 1:1 mentoring for young people experiencing life challenges, such as involvement in criminality activities.

Football Development offers a range of programmes for young south Londoners aged 5-18, focusing on player development, pathways, and enjoyment. Our Soccer Schools provide school holiday football camps for 7-13-yearolds, which include invite-only Player Pathway, girls-only courses, trial days, and courses open to all. Player Development Centres (PDCs) provide weekly ability-tiered training for 6-16-year-olds, offering a pathway to CPFC men’s and women’s academies, while also ensuring players of all abilities have access.

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PALACE FOR LIFE FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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In Disability Sport, we aim to offer every young person in our neighbourhood living with a disability the opportunity to participate in sport. We provide a combination of curriculum and after-school football sessions in 12 primary and secondary SEND Schools and deliver six weekly Impairment-specific football sessions in partnership with sector charities for groups including those wilh Down’s Syndrome, wheelchair users, and individuals with vision impairment or autism. Additionally, we run impairment-specific and pan-disability football teams, deliver SEND schoo! holiday day camps in Bromley and Croydon, and offer an NHS-funded mental heaith football programme in partnership with South London and Maudsley (SLaM) Trust. Financial position Our total income for 2024/25 was £3,277,698 against £3,216,746 in expenditure, giving a surplus of £85,100.

This compared to 2023/24 income of £3,001,681 which after expenditure left a surplus of £173,300.

The value of our reserves at the year end was £1,265,212, up from £1,180,111 at the end of 2023/24.

Financial Policy and Processes The Palace for Life Foundation is committed to implementing proper financial policies and processes to ensure the effective financial management of the Foundation and ils activities as well as to maintain the wider reputation of Crystal Palace FC. All policies are designed to meet guidelines set out by the Charity Commission. The Foundation has made a policy decision not to seek a bank overdraft or additional working capital but seeks to ensure wage obligations and supplier payments are honoured via robust financial management and financial controls to address potential cashflow issues in good time. The Foundation seeks to apply a Full Cost Recovery model to all new projects where this is in line with potential funder’s policy. A rate of 14% has been established for the Foundation to meet management, administrative and other back-office functions which are critical to its effective running.

Going Concern Our financial reserves have been built up over recent years and this continued with an operating surplus generated in the year and a strong balance sheet at the year end. We have Premier League funding committed through to August 2026 and expect to be cash posilive for the foreseeable future. We are aware of the considerable economic hardship, arising from the current cost of living crisis facing many people in our catchment area at the present time, with a potential impact on our income streams. We are however confident that the Foundation will continue to be a going concern and the financial statements are prepared on this basis.

Reserves Policy The policy on unrestricted reserves is to cover three months’ payroll costs in cash deposits or short lerm investments and, on this basis, we have set a short-term target of £575,000, plus the value of tangible and intangible fixed assets which were £46,791 at the year end. The Foundation has a number of significant development opportunities,at present, which could require capital investment or a contribution to operating costs. A sum of £500,000 has been designated for this purpose. The balance of unrestricted reserves of £765,212 is still higher than the shart term target level of £621,791, however the trustees have implemented a challenging budget for the next year and expect reserves to have fallen by 30th June 2026.

Financia! and Fraud Control! Policy The Foundation is very aware of how poor financial controls could jeopardise our work in the community and the reputation of the club and Foundation. Controls are in place to safeguard the Foundation at a strategic and operational, day to day level. These include: - Annual Budgets signed off by Trustees - Management Accounts prepared against budgets. This Is shared between management and Trustees through Quarterly Trustee meetings. - Cash flows updated at each Trustee meeting - Chief Executive Officer has oversight of all bank transactions.

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PALACE FOR LIFE FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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Principal risks and uncertainties The Foundation has prepared a formal risk register highlighting the principal risks we are exposed to and ensuring systems are in place to manage those risks. The Senior Management Team monitors risk through weekly Senior Management Team meetings, and a register shared with Trustees at Quarterly meetings. A Trustee is designated with specific responsibility for risk management.

The key risks facing the organisation are:

• Safeguarding risk: The impact of a major safeguarding fallure, resulting in negative publicity and loss of confidence from our funders and participants. » Funding risk: A reduction in Premier League Charitable Fund (PLCF) funding, either due to relegation or changes in PLCF distribution policies, Building financial reserves and developing independent income sources would help mitigate° Ownershipthis. risk: Change of CPFC ownership, where a new owner may be less supportive than the incumbents. This could affect finances as well as access to office space, facilities, communication channels, player appearances, and brand usage rights. + Operational disruption: Suspension of programmes and fundraising events due to pandemics or civil unrest. + IT and data security: Risk of computer systems failure or data loss/theft. An IT recovery plan and GDPR compliance measures are in place to manage this. » Government policy changes: Potential increases in operational costs due to changes In government pollcies, such as increases in employee national insurance contributions or the minimum wage. We remain to see the impact on our income of current legislation introducing a new football regulator.

Structure, governance and management Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Legal status The Palace for Life Foundation, formerly the Crystal Palace FC Foundation, was established in 1989 and became a company limited by guarantee and a registered charity in 2008. It was renamed as the Palace for Life Foundation in April 2077.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

P M Cleal, (Non-executive Director), Chair C Appleyard, (Director) {Appointed 18 September 2025) V Bromfield-Hughes, (Lawyer) PA Clark, (Retired Accountant) K H Day, (Writer) AFlemming, (Councillor) A Fulker, (HR Business Pariner) S M Fuller, (Marketing Director) N Mcintosh, (Newspaper Editor) L Ojumu, (Head of Grants) (Appointed 18 September 2025) J Rowlands, (Police Superintendent) (Appointed 18 September 2025) MA Smith, (Company Director) (Appointed 18 September 2025) E W Warner OBE, (Non-executive), Chair (Resigned 3 December 2024) B C Webber, (CPFC Commercial Director)

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PALACE FOR LIFE FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 tT

Board of Trustees and staff The Palace for Life Foundation is governed by a board of Trustees who have delegated day to day management of the Foundation to the Chief Executive Officer and the Senior Management Team. There is a minimum requirement for three trustees and a maximum of fifteen.

Trustees are recruited from various walks of life so that the skill sets they offer can be best applied to achleve the objects of the Foundation. Each Trustee underiakes a DBS check and there Is full disclosure to the Trustees of the business of the Foundation (including all legal documentation and organisational material) before they are appointed.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

A framework for governing the activities of the Foundation is provided via a 3-year Strategy and an Annual Implementation Plan. Trustees meet quarterly to review performance and a quarterly highlight report of progress against strategic priorities provides the means to ensure these are being achieved. Trustee meetings are supported by the provision of minutes, cashflow reports and management accounts.

The Foundation Leadership and Staff team (as at 30th June 2025) comprised 53 full time officers and a bank of 73 sessional community coaches, trainers and youth workers who are typically employed on fixed-hour contracis. We fully support the campaign to pay all employees a wage that reflects the true cost of living in London, All full time and part time staff are paid the London Living Wage as a minimum. Senior Management Team Michael Summers Chief Executive Officer Charity Madzorera Head of Accounting Duncan Robinson Head of Operations Susan Patterson Smith Head of Pathways and Learning Natasha Stephens Head of Communications and Fundraising Jamie Broughton Head of Community Engagement Luke Hirst Head of Primary Education and Football Development

Sources of funding Financially we are generously supported by the Premier League and our parent club, but we can still only scratch the surface in supporting young people through challenging times. Our fundraising activities are therefore essential to our long-term sustainability and growth. Across the 2024-25 season we raised funds through our Marathon March, Bike to Wolverhampton, the Palace for Life Super Draw and charitable donations through sponsorship and our Investors Club.

Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. Our direct fundraising from the general public comes from a “Donate” bulton on our website and through matchday fundraising via bucket and ‘tap to donate’ collections, with amounts received presented in our accounts within "donations, tegacies and other operating income".

In relation to the above we used Play Fund Win for our match day Super-Draw and online raffles, a fundraiser using revolutionary digital fundraising platform covering sport, events and tech. We also used Blackbaud, a leading software provider of both E-tapestry and Raisers Edge NXT, exclusively dedicated to powering social impact. Both are registered with the Fundraising regulator, complying with fundraising codes of practice.

The Charity is registered with the Fundraising Regulator and complies with ail codes of practice as appropriate.

Investments

The charity's investment portfolio is held within a cautious investment fund, managed by Evelyn Partners,, wilh the objective of preserving capital while achieving modest growth to support tong-term charitable activities. The Trustees consider this investment strategy appropriate given the Foundation’s medium- to long-term funding needs and low-risk appetite. The (rustees review the performance of the fund to ensure it remains appropriate.

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PALACE FOR LIFE FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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Policies and Processes Our day-to-day operational work in the Foundation is governed by a robust and comprehensive set of policies set out in the Foundation's Employee Handbook. These are reviewed externally by the Premier League as part of their Capability Process to ensure organisations delivering Premier League Programmes are ‘fit for purpose’.

Statement of trustees" responsibilltles The trustees, who are also the directors of Palace for Lite Foundation for the purpose of company law, are responsible for preparing the Trustees’ 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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; - 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; and - prepare the financial statements on the going concern basis untess it is inappropriate to presume that the charity 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 charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

in accordance wilh the company's articles, a resolution proposing that Xeinadin Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

Bankers Royal Bank of Scotland

Honorary Patrons Stephen Browett Eddie Izzard Andrew Johnson Susanna Reid The Rt Hon Steve Reed OBE MP Chuka Umunna Ben Bailey Smith Mark Bright Saima Mohsin Edmund Warner Steve Chalke

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PALACE FOR LIFE FOUNDATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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Disclosure of information to auditor Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware, They have further confirmed that they have taken appropriate steps {o identify such relevant information and to establish that the auditor is aware of such information.

The trustees’ report was approved by the Board of Trustees.

P M Cleal, (Non-executive Director), Chair Trustee Date: Bb 202

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PALACE FOR LIFE FOUNDATION

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PALACE FOR LIFE FOUNDATION A

Opinion We have audited the financial statements of Palace for Life Foundation (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charitable company’s affairs as at 30 June 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Campanies Act 2006.

Basis for opinion

We conducted our audit in accordance with international Standards on Audiling (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report,

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditors report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other Information and, in doing so, consider whether the other Information ts materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. if we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

• We have nothing to report in this regard.

• Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: - the information given in the trustees’ report for the financial year for which the financial statements are prepared, which includes the directors’ report prepared for the purposes of company law, is consistent with the financial statements; and

• • the directors’ report included within the trustees' report has been prepared in accordance with applicable legal requirements.

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PALACE FOR LIFE FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PALACE FOR LIFE FOUNDATION

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Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made, or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements In accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.

Responsibilities of trustees As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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PALACE FOR LIFE FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PALACE FOR LIFE FOUNDATION aenOnI

We design and implement procedures designed to allow us to:

• Identify and assess the risk of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a materiaf misstatement resulting from fraud is higher than for one resulting from error, as fraud may Involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

• Obtain an understanding of interna! control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the charity's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and the related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to event or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosure in the financial statements or, if such disclosures are inadequate to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

A further description of our responsibilities is available on the Financial Reporting Council's website al: htips:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required fo state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed,

Hazel Day BSc (Hons) FCA DChA (Senior Statutory Auditor) For and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants

46-48 East Street SurreyEpsom KT17 1HQ United Kingdom Date: Rect. Meeambe Seas

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PALACE FOR LIFE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |nnn rnvDOOnEIe| |Current financial year|Unrestricted|Unrestricted|Restricted|Total|Total| |funds|funds|funds| |general|Designated| |fund| |2025|2025|2025|2025|2024| |Notes|£|£|£|£|£| |income|from:| |DonationsCharitable andactivitieslegacies|3|356,707|-|-|356,707|405,585-| |Sports Development|4|894,447|-|552,352|1,446,799|1,094,147| |Community|Projects|4|-|3,760|832,763|836,523|924,250| |Fundraising|4|578,131|-|-|578,131|525,064| |Supporter Engagement|4|-|-|17,500|17,500|29,167| |investments|5|42,038|-|-|42,038|23,468| |Tota! income|1,871,323|3,760|4,402,615|3,277,698|3,001,681| |Expenditure|on:| |Charitable|activities| |Sports|Development|6|4,080,341|-|772,360|4,852,671|1,279,543| |Community|Projects|6|-|19,163|4,093,722|1,112,885|1,322,104| |Fundraising|6|228,276|-|-|228,276|231,218| |Supporter Engagement|6|-|-|22,914|22,914|29,167| |Tota!|charitable|expenditure|1,308,587|49,163|4,888,996|3,216,746|2,862,029| |Total expenditure|1,308,587|19,163|1,888,996|3,216,746|2,862,029| |Net gains on investments|"1|24,149|-|.|24,149|33,648| |Net Income/(expenditure)|586,885|(15,403)|(486,381)|85,104|173,300| |Transfers|between|funds|(855,291)|368,910|486,381|-|-| |Net movement|in funds|8|(268,406)|353,507|-|85,104|173,300| |Reconciliation|of funds:| |Fund|balances|at|1|July 2024|4,033,618|146,493|-|1,180,111|1,006,811| |Fund balances|at 30 June 2025|765,212|500,000|-|1,265,212|1,180,111|

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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PALACE FOR LIFE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |il| |Prior financial year|Unrestricted|Unrestricted|Restricted|Total| |funds|funds|funds| |general|Designated| |fund| |2024|2024|2024|2024| |Notes|£|£|£|£| |Income|from:| |Donations|and|legacies|3|405,585|-|-|405,585| |Charitable|activities|-| |Sports Development|4|654,375|-|439,772|1,094,147| |Community|Projects|4|80,430|20,281|823,539|924,250| |Fundralsing|4|525,064|-|-|525,064| |Supporter Engagement|4|-|-|29,167|29,167| |Investments|8|23,468|-|-|23,468| |Total|income|4,688,922|20,281|1,292,478|3,001,681| |Sports|Development|6|713,475|-|566,068|1,279,543| |Community Projects|6|106,316|20,577|1,195,208|1,322,101| |Fundraising|6|231,218|-|-|231,218| |Supporter Engagement|6|-|-|29,167|29,167| |Total|charitable|expenditure|1,051,009|20,577|1,790,443|2,862,029| |Total expenditure|1,051,008|20,577|1,790,443|2,862,029| |Net gains on investments|11|33,648|-|-|33,648| |Net income/(expenditure)}|671,561|(296)|(497,965)|173,300| |Transfers between funds|(497,965)|-|497,965|-| |Net movement|in funds|8|173,596|(298)|.|173,300| |Reconciliation|of funds:| |Fund|balances|at|4|July 2023|860,022|146,789|-|4,006,811| |Fund balances at 30 June 2024|1,033,618|446,493|-|4,180,111|

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PALACE FOR LIFE FOUNDATION

BALANCE SHEET

AS AT 30 JUNE 2025

AS AT 30 JUNE 2025AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 2025AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 2025AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 2025AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 2025AT 30 JUNE 202530 JUNE 2025JUNE 20252025	AS AT 30 JUNE 2025AT 30 JUNE 202530 JUNE 2025JUNE 20252025
Urn TO
			2025		2024
	Notes	£	£	£	£
Fixed assets Intangibleassets Tangibleassets Investments	13 14 15		20,962 46,791 543,355		4,926 56,055 520,968
			611,108		577,949
Current assets
Debtors Investments	16 17	171,015 694,248		155,762 828,001
Cash atbank and inhand		313,905		193,365
		1,179,168		4,177,128
Creditors: amountsfallingduewithin oneyear	18	(525,064)		(574,966)
Netcurrentassets			654,104		602,162
Totalassets lesscurrent Uabilities			1,265,212		1,180,111
Thefunds of the charity Unrestrictedfunds -general Unrestricted funds -Designatedfund	23 22		765,212 500,000		4,033,618 446,493
			1,265,212		1,180,114

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees of ......1. A Deg be oa Ri airOlerp An. P M Cleal, (Non-executive Director), Chair A Clark, (Retired Accountant) Trustee Trustee

Company registration number 06664142 (England and Wales)

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PALACE FOR LIFE FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

FOR THE YEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDENDED 30 JUNE 2025JUNE 20252025
nt
			2025		2024
	Notes	E	£	£	£
Cash flows from operating activities Cash(absorbed by)/generatedfrom operations	26		(28,831)		192,623
investing activities Purchase ofintangible assets Purchase oftangible fixed assets Proceedsfrom disposalof investments Investmentincome received		(19,584) (8,598) 1,762 42,038		- (17,846) 311 23,468
Netcashgeneratedfrom Investing activities			15,618		5,933
Netcash generatedfrom financing activities			-		-
Net{decrease)/increase incash and cash equivalents			(13,213)		198,556
Cashandcash equivalentsatbeginning ofyear			1,021,366		822,810
Cashand cash equivalents atendofyear			1,008,153		1,021,366
Relating to: Cash atbankand in hand Shorttermdeposits included incurrent asset investments			313,905 694,248		193,365 828,001
			1,008,153		1,021,366

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

A

1Accounting policies Charity Information Palace for Life Foundation is a private company timited by guarantee incorporated in England and Wales. The registered office is Selhurst Park Stadium, Holmesdale Road, London, Greater London, SE25 6PU, UK,

• 4.1. Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 freland (FRS 102)", The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded fo the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern The trustees have reviewed the Foundation's future cash forecasts and revenue projections, Our primary funding comes from the Premier League, which is committed through to August 2026. The trustees are of the opinion that the forecasts and projections, which take account of possible changes in trading performance in the current uncertain economic climate, show that the Foundation expects to be able to operate with positive cash for the foreseeable future. Our financial performance post year end has been good and at 30 November 2025 our cash balances and investment balances were £1,695,036.

Accordingly, the Trustees continue to adopt a going concern basis in preparing the financial statements.

• 1.3 Charitable funds Unrestricted funds objectives.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable

Designated funds are funds created by the Trustees through transfers from general unrestricted funds to finance specific projects. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

• 1.4 Income Income is recognised when the charity is legally entitled to it afler any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount, Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

tA

1 Accounting policies

(Continued)

• Grant income is classified depending on the terms of the grant, and where income relates to a specific period it is recognised over the length of that period.

income from sports related activities including holiday courses and coaching is accounted for when earned, Voluntary income includes donations and funding for specific projects which are accounted for when the charity becomes unconditionally entitled to the income.

1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure Is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apporlioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

• 1.6 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legat rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less thelr residual values over their useful lives on the following bases:

Software 33% on reducing balance

1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment josses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 33% on reducing balance Fixtures and fittings 20% on reducing balance The gain or toss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying vatue of the asset, and is recognised in the statement of financial activities.

1.8 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

A 1Accounting policies (Continued)

4.9 impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impalrment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivafents Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

• 4.11 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

• Financial assets and liabilities are offset, wilh the net amounts presented In the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction Is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wilhin one year are not amortised.

Basic financial liabilities Basic financlal jiabliities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effeclive interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If nol, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of[financial][ liabilities] Financial {liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits The cost of any unused holiday entittement Is recognised in the period in which the employee's services are received, Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as (hey fall due. ee

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

i

2Critical accounting estimates and Judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant, Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised In the period in which the estimate Is revised where the revision affects only that period, or in the period of the revision and fulure periods where the revision affects both current and future periods.

Critical judgements

Depreciation Assets are written down over their estimated useful lives. The actual lives of the assets may differ from these estimates. The lives of the assets are kept under review and adjusted as appropriate.

Allocation of costs between activities

Many costs incurred, including staff time, cover more than one activity. These costs are allocated to activities based on the key cost drivers and best estimates of staff time on each activity. 3. Income from donations and legacies

			Unrestricted	Unrestricted
			funds	funds
			2025	2024
Donations Grants	and	gifts	410,778 245,929	107,199 298,386
			366,707	405,585

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Sree

5	Income from investments
				Unrestricted		Unrestricted
					funds	funds
					2025	2024
	Interestreceivable				42,038	23,468
6	Expenditure on charitable activities
		Sports Development	Community Projects	Fundraising	Supporter Engagement	Total
		2025	2025	2025	2025	2025
		£	£	£	£	£
	Direct costs Staffcosts Other directcosts	895,724 482,432	501,929 270,336	148,367 79,909	14,893 8,024	1,560,913 840,698
		1,378,156	772,265	228,276	22,914	2,401,611
	Shareofsupportandgovernancecosts(seenote7} Support 466,343 Governance 8,172		334,754 5,866	- -	- -	804,087 14,038
		4,852,671	1,112,885	228,276	«= 22,914	3,216,746
	Analysis byfund Unrestrictedfunds -general Unrestricledfunds -Designatedfund Restrictedfunds	1,080,311 - 772,360	- 19,163 1,093,722	228,276 - -	- - 22,914	1,308,587 19,163 1,888,996
		1,852,671	1,112,885	228,276	22,914	3,216,746

6 Expenditure on charitable activities

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025	FOR THE YEAR ENDEDYEAR ENDEDENDED 30 JUNE 2025JUNE 20252025
A
6 Expenditureon charitable activities (Continued)
Previous year:	Sports Developmen	Community Projects	Fundraising	Supporter Engagement	Total
	t
	2024	2024	2024	2024	2024
	£	£	£	£	£
Direct costs Staffcosts Otherdirectcosts	767,839 182,205	770,092 182,740	186,874 44,344	22,636 5,371	1,747,441 414,660
	950,044	952,832	231,218	28,007	2,162,101
Shareofsupportand governance costs (see note 7} Support 324,185 Governance 5,314		363,447 §,822	- -	1,133 27	688,765 11,163
	1,279,543	1,322,104	231,218	29,167	2,862,029
Analysisbyfund Unrestricted funds -general Unrestricted funds -Designatedfund Restricted funds	713,475 - 566,068	106,316 20,577 1,195,208	231,218 - :	- - 29,167	1,051,009 20,577 1,790,443
	1,279,543	1,322,104	231,218	29,167	2,862,029

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

tt

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||||||||| |---|---|---|---|---|---|---|---| |7|Support costs allocated to|activities|2025|2024| |£|£| |Staff costs|618,827|473,701| |Depreciation|17,416|48,443| |Operating|lease charges|1,013|-| |Insurance|683|40,130| |Telephone|24,197|22,781| |Postage|and|stationery|5,183|7,663| |Sundries|20,001|16,459| |Travelling|8,979|3,823| |Entertaining|2,635|1,585| |Computer expenses|35,570|27,141| |Professional|fees|57,544|98,323| |Bank charges|9,055|8,716| |Governance|costs|14,038|11,163| |815,135|699,928| |Analysed between:| |Sports Development|474,515|329,499| |Community Projects|340,620|369,269| |Supporter|Engagement|”|1,160| |815,135|«699,928| |2025|2024| |Governance costs comprise:|£|£| |Audit fees|44,038|41,163| |14,038|11,163| |8|Net movement|in funds|2025|2024| |£|£| |The|net movement|in|funds|is|stated|after|charging:| |Fees payable for the audit of the charity's|financial statements|14,038|11,163| |Depreciation|of owned|tangible|fixed|assets|16,862|17,677| |Amortisation|of intangible|assets|548|766| |Operating|tease charges|1,013|-|

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9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

A

40 Employees

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|||||| |---|---|---|---|---| |The average|monthly number of employees during|the year was:|2025|2024| |Number|Number| |Management & Administration|56|46| |Coaching|55|54| |Total|144|400| |Employment costs|2025|2024| |£|£| |Wages and salaries|1,928,799|2,001,755| |Social security|costs|202,264|478,076| |Other pension|costs|48,677|41,311| |2,179,740|2,221,142|

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The salary of the Chief Executive is funded by a donation from Crystal Palace Football Club.

The number of employees whose annual remuneration was more than £60,000 is as follows:

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||||||| |---|---|---|---|---|---| |2025|2024| |Number|Number| |£60,001|- £70,000|1|-| |£90,001|- £100,000|-|4| |£100,004|- £410,000|1|-| |Remuneration|of key management|personnel| |The remuneration|of key management|personnel was as|follows:|2025|2024| |£|£| |Aggregate compensation|415,271|406,346| |41.|Gains|and|losses|on|investments| |Unrestricted|Unrestricted| |funds|funds| |2025|2024| |Gains|arising|on:|£|£| |Revaluation|of investments|24,149|33,648|

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

A

12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

43	Intangible fixed assets	Software
		£
	Cost At 1 July2024 Additions - internallydeveloped	41,160 19,584
	At30 June 2025	30,744
	Amortisation and impairment At 1 July2024 Amortisation charged fortheyear	9,234 548
	At30June2025	9,782
	Carrying amount At30June 2025	20,962
	At30 June2024	1,926

14	Tangiblefixedassets	Plantand aquipment	Fixturesand fittings	Total
		£	£	£
	Cost At 14 July2024 Additions	125,222 8,598	20,634 -	145,853 8,598
	At30June2025	133,820	«20,631	«184,451
	Depreciation and impairment Ai 1 July2024 Depreciationcharged intheyear	78,309 45,375	12,489 1,487	90,798 16,862
	At 30June 2025	93,684	13,976	107,660
	Carrying amount At30June 2025	40,136	6,655	46,791
	At30June2024	46,913	8,142	55,055

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

nr DUE

45 Fixed asset investments

	Unlisted
	investments
	£
Atvaluation At 1 July2024 Valuation changes Chargesdeducted	520,968 24,148 (1,761)
At30June2025	543,355
Carrying amount At30June 2025	543,355
At30June2024	520,968

The investment is in an Evelyn Sustainable Cautious fund. A total of 42% (2024 - 44%) of the fund is held in equities, of which 75% (2024 - 73%) is held in overseas markets,

16	Debtors	2025	2024
	Amounts fallingduewithinoneyear:	£	£
	Tradedebtors Otherdebtors Prepaymentsand accrued income	135,008 917 35,090	57,724 400 97,638
		171,015	155,762
47	Currentassetinvestments	2025	2024
	UnlistedInvestments	694,248	828,001

Other investments comprise funds invested in bank deposit accounts through a savings platform. The funds above include £259,764 (2024 - £558,896) with a maturity in excess of three months,

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |TU| |48|Creditors: amounts|falling due within|one year|2025|2024| |Notes|£|£| |Other taxation|and|social security|-|3,358| |Deferred|income|19|305,969|408,457| |Trade creditors|30,542|25,637| |Other creditors|104,132|27,147| |Accruals|84,421|110,367| |525,064|574,966| |19|Deferred|income|2025|2024| |£|£| |Other deferred income|305,969|408,457| |Deferred|income|is|included|in|the|financial|statements|as|follows:| |2025|2024| |Deferred income|is included within:| |Current|liabilities|305,969|408,457| |Movements|in|the|year:| |Deferred income|at|1|July 2024|408,457|345,646| |Released from previous periods|(408,457)|(345,646)| |Resources deferred|in the year|305,969|408,457| |Deferred income|at 30 June 2025|305,969|408,457|

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Deferred income included in creditors above relates to income received for events taking place after the year end.

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||||||||| |---|---|---|---|---|---|---|---| |20|Retirement|benefit schemes|2025|2024| |Defined contribution|schemes|£|£| |Charge|to|profit or loss|in|respect of defined|contribution schemes|48,677|41,314|

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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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21 ~=~‘Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

.	At 1 July2024	Incoming resources		Resources expended	Transfers	At 30 June 2025
	£	£		£	£	£
Communityengagement - general Disability Women& girlsfootball Primaryschools Employment& resilience Supporterengagement Targeted intervention	- - - - - - -	270,193 47,333 36,227 389,203 394,069 17,500 248,080		(354,228) (56,592) (49,348) (566,107) (513,827) (22,915) (325,979)	84,035 9,259 13,121 476,904 419,758 5,415 77,889	- - - - - - -
	-	1,402,615		(1,888,996)	486,381	.
Previous year:	At 1 July2023	incoming resources		Resources expended	Transfers	At30June 2024
	£	£		£	£	£
Communityengagement - genera! Disability Women& girlsfootball Primary schools Employment&resilience Fundraising&supporter engagement Targeted intervention FamilyHealthandWellbeing	- - - - - - - -	332,661 71,167 116,303 252,302 299,215 29,167 488,203 3,460		(472,425) (71,167) {179,432} (315,469) (389,609) (29,167) (325,247) (7,927)	139,764 - 63,129 63,167 90,394 - 137,044 4,467	- - - - - - - -
	-	1,292,478	+	~—«(1,790,443)	497,965	-

.

Transfers have been made from Unrestricted funds to make up deficits in Restricted funds.

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PALACE FOR LIFE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 UO

21 ‘Restricted funds

(Continued)

Community engagement funds Targeting young people in areas of deprivation. Free sessions in football and other positive activities, alongside pastoral support to instil positive values and help prepare our participants for a better life.

Primary schools Specialist coaches in primary schools delivering much more than football including supporting English, maths, social skiils, healthy living and media.

Footbail courses

Opportunities for boys and girls to develop their football skills, make friends and five healthier lifestyles, held in several locations across our target boroughs. Opportunities are also provided for women to improve engagement and health and wellbeing.

Pathways and Learning

Programmes to help young people become work ready, particularly focusing on those from disadvantaged backgrounds who are furthest from the job market.

Secondary Schools

Specialist coaches in secondary schools delivering a mix of mentoring, mental-health workshops and leadership courses particularly focusing on those from disadvantaged backgrounds.

Targeted intervention Focuses on developing protection factors for young people who may already be engaged in anti-social behaviour e.g. Knife crime or criminality.

Fundraising and supporter engagement Drawing on the enthusiasm, skills and expertise of the CPFC fan-base to deliver developmental opportunities for the Foundations’ participants,

22 Unrestricted funds - Designated fund

These are unrestricted funds which are material to the charity's activities.

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|||||||||| |---|---|---|---|---|---|---|---|---| |At|1|July 2024|Incoming|Resources|Transfers|At30 June| |resources|expended|2025| |£|£|£|£|£| |Designated|fund|146,493|3,760|(19,163)|368,910|500,000| |Previous|year:|At|4|July 2023|Incoming|Resources|Transfers|At30 June| |resources|expended|2024| |£|£|£|£|£| |Designated fund|146,789|20,281|(20,577)|-|146,493|

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Designated funds: Future Project fund The Trustees are aware of significant opportunities to develop the charity's activitles, which will require investment in a capital project or ongoing operating costs during the period of a project's establishment. The Trustees wish to retain funds for such opportunities, which are expected to arise in the next three years.

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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23 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended batances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 July2024	Incoming resources	Resources expended	Transfers	Gainsand losses	At30June 2025
	£	£	£	£	£	£
General funds	4,033,618	1,871,323	(1,308,587)	(855,291)	24,149	765,212
Previous year:	At 1 July2023	Incoming resources	Resources expended	Transfers	Gainsand losses	At30June 2024
	£	£	£	£	£	£
Generalfunds	860,022	1,688,922	(1,051,009)	(497,965)	33,648	1,033,618

24 Analysis of net assets between funds

Analysis of netnet assets between funds
	Unrestricted	Unrestricted	Total
	funds	funds
	general	Designated
		fund
	2025	2025	2025
At 30June2025: Intangible fixedassets Tangibleassets Investments Current assets/(liabilities)	20,962 46,794 543,355 154,104	- - - 500,000	20,962 46,791 543,355 654,104
	765,212	500,000	1,266,212
	Unrestricted	Unrestricted	Total
	funds	funds
	general	Designated fund
	2024	2024	2024
At30June2024: intangiblefixedassets Tangible assets Investments Currentassets/{liabilities)	1,926 65,055 §20,968 455,669	- - - 146,493	1,926 55,055 520,968 602,162
	4,033,618	146,493	1,180,414

ER RR A

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PALACE FOR LIFE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

25 ~=Related party transactions

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|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |During|the|year ended|30|June|2025,|the|Foundation|received|donations|of £110,778|(2024|- £107,199)|from| |Crystal|Palace|Football|Club,|which|set|up|and|sponsors|the|Foundation,|and|Incurred|expenses|of|£33,104| |(2024|-|£19,707)|charged|by|the|Club,|At|the|year|end|there|was|an|amount|of £437|(2024|-|£960)|owed|by| |the|Foundation|to|the|Club,|and|£20,695|(2024|- £534)|owed|by|the|Club|to|the|Foundation.| |26|Cash|(absorbed|by)/generated|from|operations|2025|2024| |£|£| |Surplus|for the|year|85,101|173,300| |Adjustments|for:| |Investment income|recognised|In|statement|of financial|activities|(42,038)|(23,468)| |Fair value|gains|and|losses|on investments|(24,149)|(33,648)| |Amortisation|and|impairment|of intangible|assets|548|766| |Depreciation|and|impairment of tangible|fixed|assets|16,862|17,677| |Movements|In|working|capital:| |(increase)|in debtors|(18,253)|(73,788)| |Increase|in|creditors|§2,586|68,973| |(Decrease)/increase|in|deferred income|(102,488)|62,811| |Cash|(absorbed|by)/generated from|operations|(28,834)|492,623|

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