C(mp￿ nwnbw. 06858117 {EWand #nd Wales)
Charity number. 1129723
Chelsea FC Ftsundabon
nual •nd c￿￿lIda1•d Flnandal Stal•m•nts
For th• Y••r End•d 30 JUD• 2023
¥ACY)8ECX4
QW0312D24
cC￿PANIEs HOUSE
A11
#231

Chels•a FC Foundation
(A Ccmpany Limited by Guarantee)
Contents
Pag•
Re￿L of the Tr￿eeS
lThleF*ndent A￿￿•t0￿. Repr*t
6-9
CC￿8¢11daled Sktement ol Fin8rrti* A¢1p1￿"¢$
10
Corwlidaled Balance Slwet
11
Chwitable C(¥npany ￿arKe Sheet
12
Consolidat¢d C8sh Fkw Slatunent
13
Not•s to Finarttial Sta{￿ents
14-28

Chelsea FC Foundatlon
IA Ccmpany Limitad by Gu¥arrteel
R¢port of the Trustees
For the year ended 30 June 2023
The tr￿teeS are pleased to W0s0nt Iheir trusl¢¢s' rep¥yt t￿8￿￿ *ilh the wnsolklatsd finandal statements
of Chelsea FC Fourh4aliM (the Charity) for the year ei*led 30 June 2023 vhmch are alw pryr*J lo meet I
quirements for a threcl(xs' r8p(rt and Ccvnparoeg Act
The con￿lIdated finanLY statements have been wepwed in vfilh the accfjuntiry polioes sel out
pages 14 10 28 crf the attached ￿nSol1dat9d financial sLilements and ct¥np4y *ith Ihe chari￿s Memorar*Jum and
Artides of Assctialion, ¥F41ca￿e lavts arKJ the SL*eJwl ol Re(￿nmended Pra(*ce.' Accounting and Rep)rting by
Charilies (the SORPI appli¢•L4e lo tharitse5 weparing lh￿r accounts in accord￿ V*ith the Financial Reporb'rvj
Stsn¢Jèrd applica￿e ￿ the UK and Rerthlic of (FRS 11r2) arn1 Ctynpar￿es Act 2006, effecbve fr(Yn
countsng Feriods ccfflmenang 1 January 2019 or l*er.
Struc￿1*. Gov•rnan¢o •nd manag￿￿•￿1
Govemlng l)o¢ument
Chelsea FC Foundab'on is a ccwnpany liThHled by ￿￿e¢. ty ils and Artides crf
AssocIat￿n dated 25 March 2009 and ￿ended on 25 Jan￿ry 2011 and 16 August 2018 and 20 May 2022. It 1$
registe￿ as 8 ch8Fity Kilh the Ch￿'ty C(wnrnission {regislered Nmber 11297231.
Appolnlm•nt ofTwst•es
As $8t out in tho Arlides rfAssoryaion, Tnth are invited toic#n the Board. Chdsea FC Hcldin9s Limited (Ihe
IUD,) cao appoint up lo ihree Tft￿e￿
On appoinlment, TrLtstees comFdete 8 re9isler cl irtwe5ts aThl new Tr￿Stee$ vlim undertake an induclion Fxr*Jramme
that indudes fan111arf￿i0n *ith the purp)ses and operation cl the Chwity. its strateg￿S and its objeclive$. T￿0 Is
a IrainFng programme for Trusiees and Trustees we ￿ to ￿tt￿MI wopYiat¢ exlwnal tr•nirvJ events 1¢
assist them in the undwtaknng of tsir rde.
Organlsatlon
The boa￿ d Tnjstees. *thich shall irKJtyJ• no th•n Ihree rnwnter& athynister5 th& Charity. The rneets al
four times 8 ye8r. A Head of Fourklab¢ffi 1$ 8twinted by the Tn￿leeS to manage the day-t￿ op8rations of th•
Charity. To faalit818 effectNe operatio￿, the Head of Foundation has delegated autlrrfity. wilhin lem$ ol ddegatbon
approved by the Trustees, for CVTati￿I mattgrs indudiTr3 ffinance. empbwmnt. athjcation aThJ sport related
activity.
Subsldlary companles
The Charty has c￿e ir*liNJ swbgdiary. c1￿5￿a FC Foundat￿￿ Trathng canP￿ Lmniled ffCL) and one chwitaL40
subsidiary. The Chdsea Players. Tntst (CPT).
Any gwwatsd by the xtNities of the tradiry A**di8ry is dtyw¢e(I to Charity.
R•lat•d Partles
The Trust•es considw that th8 Club aThJ its &*>diaries are related pallies of Ihe Ch￿tY. In addition to this. as thg
parent conpany of Chdsea FC Holding Limited the Tntstee's con&der Blueco 22 Linited as a conntcted paty.
Rlsk Management
The Tnjslees have a duty to itsntsfy and reviewthe risks to the charity is expc*ed to ensure •Foropriat8
controls are in plac8 to provide rea￿n￿¢ assur•Ko agwnst fr￿4 and error. Trust￿ hjve assessed Ihe rnaior
risks to vthich the Charity is exposed. VAth partKdar attan¢i￿ lo¢usad on Tr>vfinar￿J risks 8ri&rvJ frc¥n *ofking
wlth young tffjjle. A key in tr* mwww)t offinanc¥al risk 1$ the setting cla r￿J￿ar th1￿ the
managemont t80m.

Ch•ls•a FC Foundallon
{A Company Liffliled by Gu¥anle81
Report of the Twu5t•¢s
For the year ended 30 June X23
Head ofth• Foundatlon Report
In a period d charoe the Foundation on¢¢ again knpd its adaptsblty. Ttr* stroNJ 9wgmanca structures in place
allowed a Snooth transtion Idlov+iry ts ap￿Intment of nth¥ dub representstives onto the t*)ar¢l of Trustee& We
were d•lighled to welc(¥ne director5 Barbara Charone and Lryd Dan￿ Fi￿￿e*￿in to Ihe Foffidation and to
aFvoint Ltyd Fin￿eSte1n as the Ftyjthlron.
The Foundalion is also 9181eful forts backwwj frtyn the ovffierstrmp group have dernonslr8ted
their Commitment to our commurwties ltrwh ther*h*￿e￿ gJp&x)rt of our Their 5UPWt is rKM allo*ing
the Foundati￿ lo ueate a rar4Je d new. inrKw*Ne prryrammes. usiThJ the of swt to inwre educate and
motivate.
W¢ also delighted for Ihe conlinued supp(Mt lo p¥tws many d wlKm ￿ hwe 7Avrk•d on n•w and
ex(ity"ng inthatives for COMM￿1￿.8$ at h￿ne aTrJ al￿d.
This adaptabilty has also been evident in our woJr74nmes and delKJhted to announ￿ a new
groundbraaking strategi¢ partnership ￿th Impwial Cdlege Htsaltl￿re NHS Tr￿St to ex￿ine Inn￿atiVe v*•Y& to use
the power of football to pr￿Ote better Wth in our ￿mmur￿lies.
Througfr￿1 the sea￿￿ ￿ have eng&3ed lens of tr￿U5￿nd of reop￿ ol all ages arKI backgrounds in a range of
prograrnmes. W• have introduced a range of iMCNative prqects to em[th￿ female players. indvdirvj the lafwl
everccrfnrTWtment to engage S(MJO prirnary SC￿ and giviTrJ I￿￿r￿rst expeiienc*s of fwtbaN as ¥￿11 as
prcwiding •mpo**rin9 educaticffial se55ions iN1￿11r#￿ body Dj￿tdence wwj resilien￿.
We are proud to be conlinuiNJ to %*)rk V•ith fans, g)Ile•J*s and communibes to highlight the p￿tive ex8mrAo8 of
dhergty at Chelsea and the C¥)ntribubC￿ that peoF4efrfyn d*ierse back￿￿$ hwe maje to the our Club.
u￿n9 leamiThJs from initiabves as M) To Anlisemitisn TAB 7AiII the to erw moro c<mnunilio$ to Und8￿nd
the barriers may face and to th *ith ihun to create m￿e opwtuthes to both play and wal¢h football. There
is still a grgal of th lo do trwjt there can be rK) d(thirg the ccrfnmilment d Ihe aThJ Chdsea F￿ndation to
create a both a diverse dub and vider game arKI lo develop ¢(xnmunibes that aro op￿. indusNe and ￿1C￿1r￿j to
As part of th1$ commitmenL honcwrnd to be the fitst ever PreThMer Lea9ue dub to 1x￿t an Open Iftar invrting
250 memb&r of our local Musl'm Cunmwty to L¥eak I￿r last d￿ng R￿nadan aThJ enp3e in thai03 V*ilh fans and
ith cOl￿agUeS from across Il* club and FrA￿lati￿.
To charlge the culture and increase rewe5entation dl Ihe pitth are now treating a rnrYJe cl new opportunili8s.
Our work with the FA to pfornote opportuThtres for coaches frcrfn wts.represent&J groups continues and our
p¥rtn¢tship ￿th Black CollectNe cl Media in StKxl (BCO•ASI has I10￿•d asFxring S￿ joumalists to undertakè
their NCTJ quaifications. A new p*tr*rship ¥bith Versus is now ¢￿tiNj coportunilies lor ur*der ￿preSented
rLJmmunities in the ueative indvstries, PTovAlirwJ bursarie5 Iwo yOLWV4 pewe to c￿le prqecls to Increase their
portlolios d work and receive mwrttying frun tr*Jth O1￿[￿110r*.
As industry leaders. we hontyjred to be irwiled to sho1￿￿ ow at the UThled Nalwx and delighted to
join the Government, FA and Premier Lew in GefflHny on an educatiOr￿ lour to look at exwnples d besl
practice in equality. cc#nmwNty ￿ag￿tht indusAin frL¥n ￿5$ the BurMle51iga.

Chelwa FC Foundatlt)n
{A Company Limited by Guarantee)
Report of th• Trnste•s
For tho yoar ended 30 Jum 2023
Fin*Kially the FouNlation 1$ in a strcffjg ￿￿tion *ith ￿reStri￿ed resep4es in excess of the Fevel sel by the Trustees.
The Trustees and Sen1￿ leadeTslNp *ill be 7ADthing on pro[￿1$ to uffise Ihis surpjus to enhanGe w community
lo¢ussed and fre8 to programme5, ￿n9 tt¥'$ 3￿t a5 a force fty gxd.
Simon Taylor
Head of F￿Jr￿IatIOn
Fin•n¢i*l R•vlew
The rèsults for the year 30 June 2023 S￿)W a surplus 01£1.580,229 (2022 defiiit.. £482.WJl. Totsl inc(￿ing
resour¢e$ were £7.678.450 {2022.. £5.978,3091 and totsl rescwrtes expended w*re £6,101,292 {2022.. £6,461.2991.
The underty?n9 activity has continued to qyeraie frcrfn a stI￿￿j financial base throwh the hard of thg
FoLmdalion staff and the 0jnlinl￿d support fr(yn our partners. This has strer4Jthened further by the lundiTrJ that
has been provided by ￿UecO 22 Limiled.
Donated S•r¥l¢¢$
The Charity re¢tyves fr￿n tr* Gub and its ¥Athdiaries to eX￿l that support fUn￿on5
pThided free of any chwge.
Invesbn•nt proc•dur•s and policy
Al the present lime the Chdsts FC Flxmdth has tsken the decision to not hold investments. The Tnths
have th8 P*)w to revise Ills p￿tion as tsy see fiL as sel in thg ￿￿orandUm and ￿ldeS of A￿￿lat￿)n.
Re8•rw•s Pollcy
To be able to cover all ctyrmilm¢nts the Foundation's poliw 1$ lo hdd unreslrided of b8l*Ben £0.8m arrfl
£1.2m. Tlws revimd arwj re¢￿firmed by the Trustets on 8th M¥¢h 2022.
Trustees con*der free reserves to be the UnrestriC￿j reseNes of th• clwity, *thich have a suryjlus at tho yoar•end
01 £2.389.55112022.' £917.3731. This level is abo4e that agree(l in the res¢Nes Oicy aThJ the Trustee's and senior
management team are currenuy rv4i•bing prr>Jrammes that the addifion* r&ser¥e5 can be designated Imrfs.
Please see nrth 21.
Th?finatKial statements have been prep¥8d on the corwxn bags the Intsl¢•s Wiwe to t*
approw8te. See We 1 ftyfurth¢r del*l*

Ch•l$Èa FC Foundation
(A Company Limited by Gu￿￿1¢0)
Report of th• Trust•o$
For th• y•ar ended 30 June 2023
Reference and AdmlnlstratSon O•talls
Registefed company number
0685817 (ErylaMI •MI Wales)
R4istered charity n￿Mber.
1129723
Reglslered offr£:
Dlrnctors and trustee$
The dire¢kn of ths ¢haiil¥bl¢ ¢onpany ar¢ its In*te¢s fry pjrpose of thawity law. Thè trustees and officars
s¢rvirvJ dwiThJ the year and since the year end *ere as follry••%"
Lord D Finkelstein OBE (Chairl
EC Hayes OBE
P P¢)war
P Ramo$
Rt Hon Sir Rotertson KCMG DL
B Charc
'nted 08 Fetyuary 2023
Appjinted 08 2023
Company S•cr•tary
Muckle Secretary Lirnit
Kty rnanagomont p•rsann•l
The key managtyn$nt perso￿￿¢1 ¥Ke non4xtcth thredtys of the oryonisalim: they arè rèsponsble for the
doy-ttrdgy managwnenl charity's actpiibes..
Hgod of Fo￿￿811￿.
Head of COMM￿lty..
Inlemaliond DeVelOp￿ent Manager.
Hèad of Community Prr)Jarnmes:
Head of Football tYeveloFment
Head of Edu¢alion & Inrv4abon:
S Tayl
SGM
I Wcojrc
P Hastings
D Jacqu•t
S Gaskin-Kwnp
Barclays
Pall Mall Cwat• Bankityj Contre
50 Pall Mall
London. S¥V1A 1QA
Solldtor
Muckle LLP
32 Gallovffjatè
Newcasue Upon Tyne. NE14BF
Auditor
Haines Watts North Ea# A￿JIt LLP
17 Queens Lane
NeKastle UF*Jn Tyne
NE1 1RN

Ch*lso4 FC Foundallon
IA Ccfflpany Limited by GL4Wtee}
Report of the Truste•s
For th• y•ar •nd•d 30 June 2023
srATEMEKf OF DIRECTORS RESPONSIBILrrEs
Th¢ trustees (who are also i*rectoTs d c￿sea FC FLwThlation for ts purposes of c￿npanY lawl are responsible for
preparing the Diredors. rgp)rt ar￿ the firhanci81 Sts1￿8ftts in accordwKe vitth appbcaNe law aThJ United Kingdom
Accounting S18rhdards IUnit¢d KIngd￿n Generalty A¢cepled Acc4xnts'ng Praclice).
Cornpwy law requir¥s the tnts1￿ to pYepar¢ fir1a￿￿al stal•n¢nts for uch finanoal ￿ ￿th1¢h a trne and f•r
vrtw of the stale of aff¥irs or the charitatjle company and crf the Inc￿nIr￿j regjurces and application of reKJurces.
irKlu(*ng the incune ènd exp￿¥￿Ilure. cl the cclnpany for that peiiod. In pr8paring these finanrAal
statements. the trustees are required to..
select suilable thxoJntirvJ por￿leS then apply them conststently..
observe the methods and prinaF4es in the Charitie5 SORP 2015 (FRS 102)..
make1ud9￿￿ts and estimates that * reasonabjè #nd
state V*h•thèr applicab￿ UK Ac￿l￿1ft9 StaThJarfs havo been fclo*ed. xtie¢t lo ary rnateri￿ departu
isdosed and explained in the financial statements",
prepafe the statements on the sK•ruJ Cl￿ basis unless it is inappropriale to wesume that the
¢harilabl¢ Lx¥npany ￿711 c¥)ntsnue in operalim.
The trustees are responsi￿e for keeping adequate ac(>￿1￿ rec￿dS that di9Jose *ith ￿8¥Inable accuracy at any
lime the financial position d Ihe charita￿e company enable them to ensure that the financial staternents G￿nPlY
th C(mnpanies Ad 2006. They 80 also respon&We fty safeguardiNJ a>yets of the charil8bbg 0)rn￿ny and
hance rea50nat4e steps for thg preventi￿ aThY detecti(￿ d tra￿1 and other 1rTwul￿tieS.
So far as each of the trustees is aw*e at th* time the ￿l￿]rt rs approved:
there is no relevant audit irrfolmation cl wlM¢h the i*arrt*>le c4Jmp8ny'5 wjdilors a￿ wawrdre, and
the trustees have taken *1 steps that they 0￿h¢ to taken to make themselves aware of any relevant
audit inform*lon WKI to establish that the authtots ware of that infcm)alion.
This iepxt was approved by the .
>. 2024 and on its t*tro11. ty.
Audltors
A re￿lutiOn lo appoirrt aLtdilors for the engjiro year V•ill be woposed at the annul ggneral meeb'rvj in line ¥￿th the
¢hariWs psioes and in accordwc* *ith sedion 485 C(¥npanie5 Ad 2(K6.
rtvms approv￿ bythe trus* on. ........ ............
".3. 2024 ￿ si￿￿ on its behaw. by:
Lord D Finkejslein 08E
Chalr

Ch•ls•a FC Foundatlon
(A C(ynpany Limiteij by Gu¥8nte81
Indop•nd•nt Audltors. R•port lo th• m•fflkn of Chelsea FC Foundatlon (ConlA
For the year ended 30 June 2023
Oplnl
We have A￿111•d financAd statements crf Chdsea FC Fwxltifv￿ Ilhtr '¢h#ll￿e cunpanY} and its subwdi8ry
{tr* 'group'l the year ended 30 Jurte 2023 wthtch cx)mprise the Statement of Fir￿￿81 •W"1V￿.0$, Group Balance
SI￿81 and Ch¥ri1oble Crmpany Balance SW the Cash Fktyw Ststwnent and r￿¢0$ to thg financi￿ staternenls
indudin9 a summary of signrfunt accounliry pJlio¢* Th¢ ffirwKial rep)￿"n9 that has been appliad in
Iheif preparati¢Jn is 8Wicable law ¥r#J United Kirydom A(£4)unlirvJ Standards. induthng Finanryl Reportirg
Standard 102 The Financial Rèpo**ng Slandard appliGats* in the UK •nd R&puW¢ ol lTrlJnd (United Ki￿JdOM
GenerallyAccepted ACC￿nI1￿J Practice).
In our opiryon the financial statement&.
give a true aThJ fwr view of the state d the gr<wp'$ arKI ¢haritat4e cthmp￿ry'S affairs as al 30 June 2023, 8nd of
the group's In¢￿ing resources ¥ThJ applicatic￿ of 18sou￿s. indutiThJ its incune ￿ ￿PendIture. for the year
th￿ ended,"
have been properly prepared in a(zordartt wth Unl1￿ lfjngthjn Generaly Accepted Ac£owrting Pracllce: ond
have been prepared in att0rdar￿e Ihe reqUI￿ents of the Ctynpanies A¢i 2(rf)6.
Basls for oplnlon
We cond&￿ted our aL*Jit in accordance *ith Ir*erri￿ staThj￿ts AJ)Jling (LKI IISAS IVK)) ond apF4icable law.
Our r&spongbilities under thos¢ standa￿S are further desuibed in ￿ A￿*10<$ r¢spons￿.1rtIeS for the audit of the
ffinanc4al statemenls se¢tion of our rerth. We are independ8nl of ￿ charity in accgydan¢e Voith Ihe ethical
requirements Ihat are relevant lo our ￿lt ol the fin*Kial stat￿ents in the UK i￿LK11n9 FRC'S Ethical
Standard. ar￿ ￿ have l￿filled our otr*r ethicd respongtmlilies in accordance wth these raquir¢m&nts. We beli8ve
that the a￿lIt evidence ￿ have ot1a1￿j 15 5uffLoerrt ¥#J apprwiate lo wovide a basis lor our c•in1￿.
Concluolons rnlallng tr• gothg conc•m
In au(litsng the finanual statements. ¥4E have conduded tlwt tl* tnthos. use of the g(xr¥J 0￿Cern basis of
accounlir¥J in the prepara1￿ d the f￿￿￿al statements is appTopiiate.
Based on hwe pgrfonned. hwe Th)1 idenbfied ary materi* w￿r￿In￿&S rnlating to evonts or
)nditions Ihal. individually ry (yJle¢bvety. may east ssiwficant ￿￿￿bt on the ¢tsitie5 aknlty to ¢￿tin￿ as a going
tr)ncem for a period of at least m￿th$fr(M the finan04 W¢menls are authorised for Is5￿.
Our respon*bililies and the resp(Thibilities of the I￿￿teeS vAth respttt to witvj (￿¢¢M ore dewibed in the
relwant sKb"ons of trms report

Chelsea FC Foundatlon
{A Ccrnpany Limited by GL4rante8)
Independent Auditorn, Report to the m•fflkn of Ch•ls•a FC Foundallon IC
For the year •nd•d 30 Jun• 2023
other inforniatlon
The trnstegs aw respo￿lb18 for the other infonn*irffi. The (ther irrformallon oThwises thg infom8li(ffi ir*cluded in
th8 tru$t¢¢$' annual report. other than the fin￿1?* st*emths arKI wr wd1￿$ lherer￿. Our opinion the
financlal statements loes not cover the ottw infomiatKffl and, except to the extent othern￿ expliriuy stated In our
report. we do not oxpress any fomi of assurar￿ condusion thereon.
In c￿nectIon ￿th audit of the finanual stat￿nents, our ￿Sp￿sibIlIty is to read thè othw Irforniat￿ and. in
doirwJ $0. considef Vrtther the other inforrnabon is materialy Ir￿1)nsIstenI *ith the financiol stal¢m¢nts or our
knovAedge obtained in ￿ a￿lIt ￿ othw*ise apFears lo bg materially misstsled. W identify such malewial
ineonsislencies or apparent material misstatements. are req￿￿d to deterniine thera is a material
mlsstatemenl in the financial slalements or a material rnisstatement of the other irrfoffliation. If. based on the v*Drk
we h8vÈ perfomied. %* c(ffldude that the￿ is a material missialement of th"$ oth&r infom8bon, vo are require(1 to
report that facL
We have r￿thI￿ Io ffjF#>t in IIMS rryard.
Matters on whlch we ar• r¢qylred to report by exception
In the light crf our knovA8dge and understsrKling of the ch￿tieS aThl its 0￿ined in ￿ (*urse of Ihe
dil. have rK>t identified rnalerial misstatements in Ih? tmste8s feFtst.
We have notling lo rer*yi in rwe¢t of Ihg fc4ttrhiNJ mattws in r¢lalh2n to T*hKh the Charilies Act 2011 requires us lo
report lo you if. in our opir40n".
adequate accounting reo)rds have not been kept. (Y fd￿n$ adewatè for w audit hwe nat been receNe¢J from
branches ￿t visiled by us.. or
the financial *alemenls e¥e not in agwnent *ith the acc(Amliry reconls ar#1 relum& or
certain disclosures of threctors, remuneraticfft by la4¥ are Th)1 made..
have not receNed all the infomiation ar￿ eX￿ana11￿$ w¢ wuire fty our a￿$t., or
the trustees were rtot enliued to prepare the stat￿nents in XCI)rd￿ V*ilh trt g7)all rgynponles.
rngimè and lake •dvwtsge gl Ihe ynall c4xnpanies' exernpthjns in preparifyj thg thrg¢ttys' report and from tho
r￿q￿￿ertt to prep¥e a strategic reFrfMI.

Ch•lsea FC Foundati¢)n
(A CL¥npany Limited ty G(wantsel
Ind•p•nd•nt Audltors. Report to t￿ mwthrs of Chdsoa FC Foundatlon {Ci¥thv•d)
For thè yèar endèd 30 Junè 2023
Ro$pon$*Hliffj•$ of lrnste•s
A$ explained fully in InJ5tee¥ responsbilities ststwnent set on p#yo 7. the trustees a￿ responsible for
Ihe prgparalion of the finarwl statements and for satisfied that itw s¥ve a true ar￿ fw viow. and for such
intemal contrd as thè trustées dètèrmine is nècessary tr* wepwalion of financ¢al statements that are lrne
from malwial Th￿$state￿n￿L VA￿￿*r du8 to fraud or wror.
In Preparing ihe financia statemenls. the trLtsiees are res￿ls1t￿e for assessiThJ the thar￿e$ ablily to contynue as a
going concem. disclosng, as aOicable. maters related to gc#r¥J con￿rn aThJ usiry the g)ing eowm basi$ of
ac￿￿nting ￿esS the tntstees ￿ther intend to liwidate the charitable CoM￿Y or to cease (Wall￿5. or have no
rèalistie #liam8ti¥e lo do so.
Auditorf$ re$pon$itiiMie* for the of the statements
Our objecaives are to obtaln reasonable assurance about %thether the finanraal statements as a Wh￿le are fw frtyn
rnaterial misstatemenL %thether duè to fraud or e￿Or. aThJ to ISS￿ an aLKlitorfs report that indude$ our opnion.
Reasonable assurance is a high of awrance. tArt is a guafantee that an audil cl￿dUcted in acc(Mdanc•
%ith ISAS {UKI will thays d•t•d • materi* misstatsmant it axisi$. Mtsstatements can arise from fraud or error
and are ¢on$idered m8lwièl rf. individually cy in 49￿9•te. cwld ￿$¢nablY be expectod to irffluenca th8
économic t1È¢4$0ns of usern taken the b￿5 of IFEse finwKi814•tèménts.
Irregularities. i1￿￿dIng fraud. are instances of non-comF4iance tmth laws aThJ regl￿atIOnS. We design procedurès in
line with our responsibilithes, ￿j￿Ined above. to detecl mat￿la1 misstatements in ￿Pect ot irregularib¢s. iwKluding
fraud. The ￿teA1 to vthith procèdures arè capable of dètecliry irrÈgAarities. indudiThJ fraud. is detailed below.
We obta.ned an U￿￿￿èrstaTh￿lrt9 of the legal and regufatory framevnrk 8pplicat4e to ￿)th the charity itself l￿d tho
industry in *htch it operate5. We Mlentified ar&35 of laws ar￿ regulations that could re¥x>nably bo exp8¢t¢d lo have
a materia effec* on the finarKTral slatements from our sector experiwce and through dis¢ussion V*ith the Iwstees and
other management. Tho most sgnrficant ￿re identified as the Chaiitie5 Ac* 2011. UK GAAP IFRS1021 and relevant
tax legislation. We consdered the exlent of c￿￿￿.3ftCe Vlith those la￿ and reguLations as part of c4Jr pr￿edureS on
the related financial $totty))¢rts. Our aLKlbt W0ced￿ induded..
mthing ￿qUireS ol tNstees and management •$ to I￿re to be a suxgptibility lo fra￿1 aThJ
vthether they have any knovAedge or swpicion rA fraud,.
obtaining an understandiThJ of the intema rThbtroJs estalAI*￿d to milwe risks ffj141od ¢0 fraud or r￿-
compliance with la￿8 and regulati¢)ns:
reviewng the minutes ol me8tin9s of Iho8e (*oryd Thith yemxe:
Jssessing the risk uf marwenl (Nerride induding idenlrf>ryng 8ThJ tesb.ng jOUff01 ¢ntries: and
confirmthon received thredty from thg banks to vuify the at 30 June 2023:

Ch•l$ea FC FoundatSon
(A Compary Lirnited by Guarantee)
Ind•pendent Auditor5, Report to the of Chelsea FC FO￿d*ll¢n (C￿*dj
For the year ended 30 June 2023
Our audlt did not idenlrfy any key al￿11 mallers rel8tiNJ to It* dete¢ticffj rf irrewlawities induding fraud. Hmver.
despite the audit ￿Ing plamed and COn(th￿ in accLYdance *ilh ISAS (UK) there remans an unavoidable risk that
material misstatements in th& finanaal stat￿n￿ts may bo d￿eth￿ ￿l¥j lo inher¢nl limitations of the audit. and
Ihal by their very ￿ture. any such insl8n¢es of fr￿J ty irre9￿arity lik* irwc*e cdlusion, Itygery, intentional
misrepr&%entation5. or the ￿erride of intema c(¥rtrol&
A fUrt￿r description of ￿r resw>bil￿es f(Y the •Jdil of finan(xal swements 15 kncaled on the F￿anCIal
Repo¥ng Countyl's v￿￿te at.. w¥hv.froorg.uk1a￿lt(mSresw￿5lb1btse5. TIMS desrAiplion fomis part of our auditorfs
Ust of Our Report
This repcrft is made %Jfdy to Ihe charities tntstees. as a trKAty. in ￿ncE *ith Part 4 d the Charitses Regulations
2008. Our audil vth has b8en ￿dertaken so that * mi9N Slate lo the ¢haritstrk ctynpanls memb&ts those
m•tters we are reqiired to Stale lo in an auditorf5 retrtxt and for rn rAhef purpose. To lulle5t exlenl
Ferynitted by law, ￿ do not act%pt ￿ assume respongbility to anyone other than the charity the tharities
trustees as a bjdy, for ow outht ¥th. for this r¢tw( or fLY the opiTh(Ms Vo havo f(*med.
Donna Bulm•f BA (Honsl ACA (Senlor Stalulory Atsditthl
For and on behalf of Halne5 Watts
.?.%..hb.fLiory ..Zo.ILfr
Charternd Accountants and
Statutory AuditoT$
17 Qu$en$ Lane
NeKaslle upon TJ
NE1 IRN

Ch•lMa FC Foundatlon
(A Ccffnpany Limited by Gu¥*lee)
Consolklated Stattment ol FI￿￿¢￿ Adlvltles tht cr￿%(4d*¢￿ IK(one •nd Eynd*ur•Accourt)
Forthe y•ar •nd•d 30 Jun• 2023
T¢Aal
2022
lund$
fvnds
2023
Income from:
Donations
' Charitable activities
FundraisiNJ inojme
Investmwrt ingjne
1.110.6
4.287.303
98.275
1.040.040 2.150.730
1.115.763 5.403.066
98.275
400,481
5.396,273
181.555
Tolal incom•
5.522.603
2.155.803 7.678.4LIS
5,978,309
Expendltur• on:
Charitablg acb¥itie5
4.404,425
70272
1.623.481 6,09B.178
6.461.299
Tolal •xpwdlturg
70272
1,623,101 6,OQB.178
8.481.2
Net movement befor• transf•rs
1.118.178
(70.272 )
532.322 1.580.228
{ 482,9￿1 I
T￿sIerS t￿l￿en funds
21
354.000
122.SLY)1 1331.500 )
N•t mov•mÈnl in funds
1.472.178
I W2.772
200.822 1.580.228 1482.990 )
Re¢on¢iliation of funds
Totsl lund5 bTougM fcThwd
917.373
293.iIMJ
366.705 1,STT,078
2.(60,068
Total funds carrl•d 10Th￿Id
2.389.551
200.228
567.527 3.157,31
1.577,078
The regJlts for the yew dwive frc¥n activikn aThl there are Th) gairys or losses other than those Shown
ty)ve.
10

Chelsea FC Fowdallon
IA Cc¥npany Limited by Guarantee)
Consolidat•d 8•lan¢• Sh••t
As at 30 June 2023
2023
2022
Flx•d ass•ts
Targible assets
Intaryible 8ssots
15
16
43.919
15.696
40,820
7.020
59.615
47.840
Cunent assets
Deblors
Cash at bank and in haTrJ
.596
3.867.294
559.989
2.2n,834
4,317,890
2.837.823
Li¥bilities
Creditors.. amounts fallir¥J due
wittrun one year
19
(1.220.199)
(1.308,5851
Ntrt CU￿￿nI us•ts
3.097.691
1,529.238
Total as$•ts bss ¢urrnnt li•biliti•s
3,157.
1.577,078
Total net assets
3.157,X6
1,577,078
Th¢ funds of the charlty
Unrestricted funds
D￿gnated fund5
21
21
2.389,551
200,227
917.373
293,0
2.$89.778
567,528
1210.373
366,705
Restrided funds
21
3.157.306
1,577.078
These financial statements have teen rryared in accx)rdancè *ith prty1$C￿ owdtsble to ¢cmpanie5 subj8Ct to
the small componies regime.
TMfinanc4* ststements app￿ed by the Board of Tn￿leeS on ...
signed on its behalf by..
.. 2024
Lord D Flnke13t￿n 08E
Thè notes on pages 14 to 28 forni part d th•se finanoal slatmn
11

Chelsea FC Foundation
IA CoMp￿Y Limited by Guarantee)
Charlty Balanc• Sh••t
As at 30 June 2023
2022
Fixed as5•ts
Tangible assets
Intwgible assets
Investmènts
15
16
17
43,919
15.696
59.616
47,841
Curr•nt a58•ts
Oebtors
Cash at bank In hand
18
451.088
3.601.813
687.070
1.870.311
4.052,￿1
2,557.381
Llabiliti•s
Creditors-. amounts falling due
vrithin c￿e ye¥
19
11.245.942)
11,308,585 }
Nal eurrènl
2.806,959
1.248.796
Total assets le$$ eUTrent liablllll•s
2.866.575
1,296,637
Tol*l net assets
2.866.$75
1,296.637
lunds of th• charlty
Unrèstricted funds
D￿gnated funds
21
21
2.098,820
200.227
636,932
293.000
2.299,047
567.528
929.932
366,705
Restricted funds
21
2.866.575
1.296.637
Th8$& financial statements have been prepared in vAlh the w￿lS1On$ •pliCa￿e to ctynpanies ￿ble¢1 to
the small compar¥es wme.
The financial statements approved by the Board of Tntstees ￿ ... . .
gned its beh¥W
.. 2024 and vwe
D Finkelstein 08E
12

Chel$•a FC FO￿d￿lOn
(A Company knmited by Guarantee)
ConsolSdat•d Stat¢m•nt of Cash Flows
AS at 30 June 2023
Cash Ilows from 0￿ratIng actlvltS•s:
Ca$h g8neraled fron operatims
1,595,795
478,965
N¢¢ pmvAd•dby¢)pr4Ung a¢Uvlrf•s
1,595,795
478,965
Cash flows from Inv•sting acll¥ltkn:
Pur¢hasg of I￿1b10 fixed assets
Purch￿ ol irttsngitye fixed asset$
Pr￿dS of sale cl intangitA8 assels
Interest re*ved
{ 32.670) (4,652 )
(9.720 )
8,100
¢•sh used In investlng •cUvi¢ies
{ 6.335) (6.272 }
Change In cash and cash •qulvalents In the y•x
1.589.460
472.693
Cash 8nd ¢•sh WUb¥denls at lh& b¢ginning of y
2.277.834 1,805.141
C•sh and cash •qulvthts at th• end ofth• y•ar
3.867.294 2,277,834
CMh and cash •qulval•nts wjnslst OP.
Cash al bank and In harwj
3.867.294 2,277,834
13

FC Foundatlon
IA Ccrfnpany Limited ty Gu*antee)
Notes to the financlal stateThents
forth• y•ar •nded 30 Jun• 2023
1. Accountlng polldes
Chelsea FC FwndaIlL￿ is a private company limited by guarantee {Cornparyes House No. 068581171 and
registered Charity (Registered Charity No. 1129773). 11 is iN>xporatèd and d￿MI¢￿ed in England and Wales.
The ￿giStered office is Stwnford Bridge. Fitham Road. L¢￿(kn. SW6 1HS. UK. The prirripd actNities ofthe
Group and Charity are fflentKJno(l in the Tn￿1889, Report.
Tho fdlo*ryng aCr￿J￿￿n9 poloes h8vè boon aprft¢d in dgaling Items *thich arn considwed
malewial in rdalion to the (*0￿'S finants* statanents.
1.1 Basls of pr•paratlon of finandal statom
The finanoal Stat￿entS hwe t*en prepared in accudarKe wilh Acc¢Mling and Reporting by Charitigs..
Statement of Rel)￿rnended Prac*ce a￿lcal￿e to thrities weparirrfj thw"r axounts in accordance wth the
Financial Rep(yliTrJ Standard appli¢atye in the UK aNI Rewblic d IrelaThl IFRS 1021 issued in October 2019.
the Finanoxal RepoTtiThJ Standard *Fvk'calJtr in th¢ unit￿ arwj Repthlic d Irdand (FRS 1021. the
Charities Act 2011 aNI UK Generally Axept&J kn￿nting Praclice.
Chelsea.FC Fo(ThJat*Jn meets the defiThtion crf a puNic tenefit entity under FRS 102. Thè finanLial
stat•m8nts ar• prepargd undèr trwsior￿ cost convention LY transactson value unles5 Otherwise Staled in
the relevant ac¢(wnts"rg psicy rx)lelsl. The fina￿la1 st2ternenis are p￿Pa￿ in Sterling which is the
fundional ¢urr¢n¢y d Ihè ¢h•rity ond to th• n•arest £.
Th8 signrficanl pol(yes 4pplied in preparation clthese financial statements are set I￿[ b810w.
These ￿li08S have teen consistently *ied to *1 years present￿1 unle55 otheThbi$e stated.
1.2 Basls of consolldatlon
These consobidated fjnancia siatements oJnKlidate the res￿ of the Charity and its V*holly 9Jbsldiary
und¢rtaknng5. Chdwa FC Foundabffi Tr4din9 Company Ltd aThJ The Chelsea FlayeTS' Trust on a line-by4tne
basis. A separate Stattynent of Firwoal Actvi￿.¢$ ar¥J Iftc￿e aThl ExpeTrJilure Account for the charity has
IKJI been presented because Chelsea FC FoLThl8liM TraditYJ Canpany Ltd and The Chdsea Players, Twusl
1.3 Going concern
The financial slatemeTrts have been Pfepared on a gOI￿j concem bass. The ItUStees have reviehspd and
(x)ngdere(I relevant irrfoffnè1i￿, ind￿)Ing thè annual b￿￿￿ts in maknng their assessment. Based on these
a$s¢￿m￿nts. the incftrased levd cl for the a￿1 8(Jditicfflal funding avail￿8 Ihe trustees
have conduded thal can contirwe to adcpt the ¢xwKem t￿1$ in preparitw the ￿n￿OI rep￿1 and
1.4 Fund accounting
Unrestricted fund$ can be used in ￿0]IdaTh￿ *ith the i*wi"Lth ¢)tr4'eL*vie5 al the thscffjtl￿ of the trust￿.
Designated funds comprise unrestricled lund5 Ihat have been set asde by tho tnJstees f¢r parfi¢iAof purposes.
The aim and use of each des1W￿led is set (xrt n Ihe notes to ￿ finwwl slaternents.
Restricted funds can be used fN partiudar restri￿ puws speufied by the doTKW or when funds aro
raised fcff particJJlai reslricteil purposes. Furiher etynati￿ d the I￿re arwj ol eath Iw)d is
induded in the notes to the finanry* statements.
14

Ch•ls•a FC Foundation
(A Cornpany Lirnited by Gyarantsel
Note$ to th¢ fin*n¢ial $ts1oments
for the year ended 30 June 2023
1.5 Incom•
l inccffling T&￿rCeS arn included in th8 Ststwnent d Finarwl Aclivilies thg charity is legally enlitled
to the income after any port￿larKe ¢ttwthbons hwe twn m•( th• can be measur•d Mli*y arwj it is
probabl8 that the irKcrfne be reC￿ed.
Income frcth charitatr￿a aetivibes ir￿£the (ttei¥•d eontracl or entitl8ment to grant
funding is subiecl to speufic pwf0Tm￿ce conditsons and 15 recwr¥5ed as eamed. Grant incC￿e induded in
this Category p￿r￿IdeS funding to supwt perfo￿nar￿* activities and is ￿nised thhere there is enb'llemen(
certainty of receipt arKI the ￿OUnt be measured with rea9)nable cwtainty. Income recaved to delr¥er
services ovw a moo Ihan year is aC￿l￿ted for over period;
r•loted is acc￿nted iFKurred.
For dcx7ati￿ts to be recryJnis8d ts ¢harity *ill hw¢ w¥)tiffftl d thg and the ￿tlement dale in
VKIIINJ.
Fixed 8sset gft5. in are TecrMJrised kn receNabbe and are irKJ￿jed at f*r vdue. They are not ddeThed
over the life of the asset.
Interest recwvat4e on funds held ￿ deposit is ir￿￿ *t*n receNatAe wnount can bè measwed
reli¥tdy by the tharity, this is nO￿alty Th)tifi(*ion of the interest paid ry payable by the baw*.
1.6 Exp•ndllur• and Irrecov•rabl• VAT
Liabilities are reco9Nsed as expwKliturn as soon as there is a legal or construthe oblwaiion committing the
charity to that eXp￿dItUre. it is Fossible that a transfer of ecor*Jmic be￿ts ￿11 be required Éft settlement and
the amount of the obh"gation be ffleasu￿ reliatly. Expenditwe is acco￿ted for on an a(%nJals basis and
has been ¢18s$if*d under headings that aggregate all related to the categyy. Where costs Car￿01 be
direcuy attributed to parf1￿1ar heathngs Ilw h•¥te bw alb2ted to activibes ￿ a basis o)ngsienl V*ith th
use of resources.
Irro¢overablo VAT is th•rpJ against c4>51 against the eKpwdrture wa5 ifKYmd.
1.7 Allo¢atlon and apportlonmwt of c45ts
Support eosis ar¢ tknse fun¢bons *thi¢h assist the of the c*wty but do n¢1 direclty undertake chaftlatrAe
activities. Supp￿1 Costs indude office co3￿ finance. payroll ¥¥J ￿eMarKe costs which wpport
the charity's PfO9ramm¢$ and aL*vtss.
1.8 Tanglble flxed assets
Tangible fixed ass¢l$ art slated at L¥￿ (or deemed o)511 ty valubtion kn ar¢um￿ated depTeci¥tion and
acwnulaled Impalm￿ 10$5e5. C05t incr￿JeS costs diT• *tribulable lo maknThJ the asset capable of
operatlrwj as inleNJed.
Depreciation is provided at the follo*irwJ a)r¥JaJ rates in rthr to ￿te off eath asset over its e*imated usef
lrfe.
Fixtuw & Frtiir
Leasehold Improvements
10 years
Fixed assèts cosliThJ less thon £SOO art not ¢apWised.

Ch•ls•a FC Fo￿datIOn
(A Company Limited by Guaranteo)
Notss to th¢ finan¢lal ststtm•nls
for the ye•r•nded 30 June 2023
1.9 Imp*lmienl of fixed assets
At exh reporting end date, the charity revie￿ the am(wJts of its IwwJitle a5$0ts lo d¥t•miine
V•ttether there is any indication that thxe assets have gjffered an wnwmient loss. If ￿Y SLth indication
e￿SiS. th8 recoverat48 ￿oUNt of the asset is estynatgd In rxder lo detefflii￿ ts extent of the wnpaimienl
loss lil any>.
1.10 Oebto
Trade and other debtors are recogntsed al the settlemenl amwrth due after any trade di5w￿ offered.
Prepayments are vaued al the wnryjnt prepwd net d any trade discounts due.
1.11 Cash at bank and In hand
Cash at bank and cash in h•d irtd￿ cash shcffl tom tsgNy hquid investments vthich we in5tantty
accessilje from the openiry of the dep)sl oy smilar WXOLmt.
1.12 Cr￿1101¥ and pro¥l$lo
and pro4isions are TecryJrysed **Rre the charity has a present Oblyti￿ fewltirg a pasl event
Ihal will probaily result in the transfer of fvThJs to a ttyrd party and the ￿Ount dutr lo sttU• t￿ O￿l9￿tion ¢an
be measured or estimaled rekably. Creditus and prcwisions are wrusei1 at Ih•ir settl¢ment
amounl after allcwng for any th'Sco￿ts due.
1.13 Flnandal Instfum•nts
The charrtable company ￿ hos finaNid as* and fffianoal liaL¥lities of a kir*J thal qualify as basic financk
irtstrumenls. 8asi¢ finan¢ial instwments ￿ irwtiafy recogrwsed al transacti￿ ¥￿ue and sub5equenlly
rneasu￿ at their settlement value *ith the eX￿pkn of b￿k I0￿S wthich are SubSew￿Y mea8wed al
am0￿"Sed cost uwng the offective intw¢sl metlb)d.
1.14 P•nslMs
PayThents to defir*d (x¥￿IbutiOn ￿li￿￿t benefit SCJ*m￿ are rJhwye(l •$ an expens• as th¥y f811 du•.
JUdg•Tr￿ts in ￿PlyIng a¢¢owting policies *d kny sour¢os ￿ •sllmallon uncwtalnty
In the applicaion of the charity's accountiThJ pdi¢x the Irustees ¥e tequire(F to rnake lutsmen￿ e5timatss
and 859Jmptiorts at*Jul the carryiThJ amounl (4 assets arwj liabililies that are not readity 8ppaont from other
sourc&s. The esbrnales ar￿ 8sSCKiated assumptiwts #re based on hi*orical exp8ri8nc8 aThJ othgr lad￿S ihal
are ¢onsidered lo be relevant Adual results may drffer frtyn these ethmates.
The estimales and underfwng aSsumpb￿S are r￿le¥￿d on an ongoin9 bass. Revi510ns lo accounting
estirnaes are r•co9nised in thè ￿riod in 7Athich the eslThate bs ￿lSed where the revision affects only that
. (Y in the period Mis1￿ aThl future Pe￿d$ the re¥ksion affeAs tth ojffenl and future
There are no ggniftartt eslimato5.
16

Ch•ls•a FC Foundatton
IA Ccfflpany Limited by Gua￿￿e)
Not•s to the financi*l statefflonts
for tho yvr •nd¢d 30 Jung 2023
Stat•ment of FInanCL￿ AGtlvltles for th• prfory
As rn$tatod
Total
2021
Unrestricted Deslgnated Restrlcted
funds
funds
Total
2022
Income from:
Donations
Charilable aciivibes
Fundrai5iThJ inctyne
4(KJ.481
4,658,018
181.555
4(MJ,481
738.255 5.396.2n
181,555
1.539.890
3,974.505
177,805
Tot•1 in¢on*
5,240,054
738,255 5,978.309
5,692.200
Exp•ndilurn on:
Costs of rai$rvJ lunds
Chari&*￿e activibes
156
1.748.122 6.461.299 6.373.422
4.713.177
Totsl •xp•ndltur•
4,713.177
1,748,122 6,461,299
6,373,578
N•t rnGv•m•Tht b•lorn transl•rs
526.877
{ 1.ty)9.8671 1482.9901 1681.3781
Translefs beiw*n furvJ$
21
{575211 1
293.(MM)
282.211
N•t mov•mwt In fvnd$
(48.334)
293,0ty)
1727.656) 1482.990 } { 681,3781
Reconcillatlon of fund5
Tolal funds fop•rard
965.707
1.094.361 2,0￿.068 2,741,446
Total funds cathed fom
917.373
293.(m 366,705 1.577.078 2.060.068
17

Ch•ls•a FC Foundation
{A Company Limited by Gua￿tee>
Notss to the Ilnanclal stat¢m•nts
for the ￿ar •ndod 30 2023
Donatlons
2023
2022
Gifts, donalions & legacies
81uo Co. donation
150.73D
2,000.￿0
40J.481
2.150.730
41KJ.481
Incom• from ¢haiitsbl• xts¥itie$ by activity
2023
2022
Gr8rtt income
Oirect charitable adNities
1.539.935 1.523.030
3.863.131 3.873.243
5.403.066 5.396.273
Ineom¢ from fundraisiry •￿i¥l￿e9
2023
2022
Raffles t4KI lottery
98.275
181,555
98,275
181,555
Irw¢stmont In¢om•
2023
2022
Bank int•rost
26,335
26.335
Charitabl• acii¥iti•s gxp•ndiiyrn
2023
2022
Staff costs
Coaching programme co*
Tran5POrt costs
Other costs
Coa¢h edu￿tion c051s
Supwt
3.494.197 3.377.789
1.554.120 1.778.486
64.841
39,341
381.389
449.417
12,757
803.509
602,787
6,098,177 6,461,299
18

Chol$•a FC Foundation
IA c￿panY Limited by Guar•)tee)
Not•s to th• financial statsments
for th• y•ar and￿ 30 Jun¢ 2023
Support ￿$ts
Telep￿￿e, p051age. stalionary & piiMNJ
Consullanw and profwional c(tsts
Depreciation 8ThJ amtytisati
Olher support costs
G¢NemarKe o)sts IMt• 10)
17.289
51.659
20.895
512,944
21.770
602.787
10. Governance Gosts
Audit fee
Tax & other nOTra￿lt feey
19,250
2.520
21.770
11. Auditors r•mun•rati¢)n
2023
2022
Audit fee
19.250
18.000
12. 14•t Ineome
2023
This is stated aftff ¢hargry".
Owoation #nd ￿Ortisa￿¢ft
OperalirvJ lease chanJes
(20,895 } { 16.679 1
(120.0001 1120.000 1
13. FInan¢1￿ perfornwice of the ch*ritable
Ccrnltdat•d Slatwnenl of Fina￿481 Athdies indLths rewlls of the T*Mly owffi￿ SL*15iLliaries.
summary fin￿¢10[ pfjrfryma￿ chwity 8lc#w is..
2023
Inu>me
Exponditure
7.625.291
5,978,310
16,055,352 ) 16,457,413 )
N•1 $¥rplusl(dofi¢it)
1.569,939
1479.103 )
19

Cholse• FC Foundatlon
(A Cclnpany Limited by Guarantee)
Notes to th• finan¢lal Statements
for th• y•ar•nded 30 Jun• 2023
1& Analysls of slaff ￿$ts. trustee vemun•rntion and expenses. •nd the eost ol key m•n•gem•nt
pe￿On￿
2023
2022
Wages ar#J S￿aries
Sood sKurity c¥)sts
Other penmn co&s
3.165.550 2.941,490
306.421
302.695
128,669
133,604
3,600,640 3,377,789
The avwage monthty numberd emooyees dwing thè as fdl¢Ms.'
2023
No.
2022
No.
Core Staff
The ￿mber of employees earned t60.￿ per annum or Tnrye (indwjwwj tsxabl¢ t¢nefits bui exdL*Jing
ern￿oYer pension conlribulion51 during the year ￿re as foll¢M.'
Tho nwnber of higher p3id ern￿oYees
2023
No.
2022
No.
In the band £60.001- £70,￿0
In th¢ band £80.001 - £9),000
In the b#nd £110.001 - £120.000
The Charity Iruslees we not paid or rttaved any other benefits from emF4oyrnent in the year (2022 - £nill No
trustees were r8imbursed expenses during yeaf. 12022 - £nill No chartty TNstéa recai¥ad payment for
professional or 01￿ seThrces supplitd to the charty {2022- £nill.
The key management personnel d the charity CL)mprise the Trustees and Senior Management. The I￿1
emF4oyee tenefits of Ihe key managament persw*l of the ¢h8rtty ￿re £446.42812022 - £453.8231.

Ch•l$e• FC Foundatlon
(A Company Limited by GLwranteel
Nol•s to th• financlal $t*•m¢nts
forthe ￿ar ¢Thd￿ 30 ￿rte 2023
15. T￿gIbl• Ilx•d 488•ts (Grnup & Ch*rlty)
Flxiurns & L•avhold
Fitllngs Improv•m8nls Total
At 1 J￿Y W22
14.682
18,832
94.184
108.866
18.832
At 30 June 2023
33.514
94.184
127,698
Depreciati¢)n
At 1 July 2022
Charge ftyyeor
6.041
6.315
62.005
9.418
68.046
15.733
At 30 June 2023
12,356
71,423
83,779
Net book valu•
At 30 Jung 2023
21.158
21761
43,919
At 30 June 2￿22
8.641
32.179
1& Intangil)lefixed assÈts (Group & Chaiity)
Liun¢•
Total
Cost
At 1 July 2022
Additior
9.720
13.838
13.838
AI 30 June2023
23.558
23,558
Amortlsation
Al 1 July 2022
Charge for year
2.700
5.162
2.700
5.162
AI 30 June 2023
N•t book v•lu•
At 30 Jun8 2023
1S.696
15.696
At 30 June 2022
7.020
7.020
21

Chelsea FC Foundatlon
IA Company Limited by GLorontee)
Notes to th• finanelal sL*m•nts
for Iho ￿ar ended 30 Juno 2023
17. Inv•stm•nts
Group
2023
Group Cbarlty
2022
2023
Charfty
2022
sthi•nt In wA￿llY own•d wbsl&l•ry
¢¢rnpanles
Chelsea FC FtyJndali￿ Tr•JrvJ Company Ltd
Total Inveslmwrt¥
Per¢ent•ge
Shar8holdlng
Charltabl• Company
The Chelsea playe￿ Trusl
Country
Er*JI￿o awKI W*$
D•scrtptlon
Ordinary
The Chelsea Players TnAt rdie4es in cases of need. distressed p￿rts •ro ty have b
employed or ertgw by Chelsea FC Fdc or its as%)ciated entiti$& The r¢wlls and summary of assets aTrJ
lialilities of the charltatle (thipany or¥ as
2023
2022
Donati￿$
Intere* re¢¢iv8t
Expendituro
1.647
{41.555 )
{ 3.699)
othtfor the year
10.092
(3.699)
2023
2022
Total asset5
Totsl liabilities
177.837
283.138
(115.3931
Charitable
177,837
167,745
P•ve•ntag
Shareholifjng
Company
Chelsea FC Foundat￿ Trnthr¥J
Company
County
Oe•cription
Erg18r¥J arKI Wales
Otdinary
Chelsea FC Foundation Trading Cc*npany is witfrin Ihe Group to house any ¥¢kn"¥ity that the Charity
engages in that can bè &￿>￿ere￿ c¢mmer(xal in natwe. No activity was Ca￿1￿ ￿J1 *rythin the w*Jd. The
sulls and summwy d assets and lia￿lItieS of the are as ftlltyo..
2023
2022
1,468
{ 1.268 )
AdrninistratNe expenses
(1861
PrOfrtllLo￿I for the ygar
200
(186)

Chelsea FC Fo￿datIoft
IA Ctsnpany Lirnited by Guarantee)
Motos to th• financial statements
fortho year ended 30 June 2023
17. Inv•slm•nts (Conth4￿￿j
20ZJ
Total assets
Total liabilities
128,178
127.979
Shareholders, fw¥ts
128,178
127,979
1& D•blors
Group
2022
Charfty
2022
2023
2023
Trade debtors
knoun15 oAEd ty gmup wmlertakir
Olher debto
Prepayments arnl a￿￿ed incfyme
177.717
390.683
1TT,717
127,083
32,951
349.319
10,967
48,946
11,459
48.946
349.319
450.596
559.989
451.088
687.070
19. CredStors: amounls fallkng due t*lthln on• ye
Group
Charlty
2022
2023
Trade credrto
Amounts 0￿d to group uThJertakirv
Othèr taxation arttl soo81 security
Accruals arKI deferred inc(¥ne
17.424
88,356
26,272
125.805
1,005,508
17.424
126.335
1.005,508
102.534
1.188,F27
102.534
1,188.627
1.220.199
1.308.585
1.245,942
1.308.585
O•f•rr¢d In¢om•
Oeferred inrxxne rdates to ir￿lle forfirtUTe FeriL¥Is.
Al 1 July 2022
AJnounts released lo i￿(￿ne
Additions during the year
219.738
1219.7381
486,000
AI 30 June 2023
486.000

Chelsea FC Foundalion
(A coM￿Y Limited by Guarantee)
Notes to the flnanclal statemonts
for th• y•ar •nd•d 30 ￿fi• 2023
21. Stat•m•nt of fvnds
37 Jim• 20
1Juty
2022 Income Exp•nditurn Transf•rs
3OJun•
2023
Unrestrf¢t•d lund
General fund
917.373 5.522.603 (4.404.425) 354,000 2.389.551
D•slgfft*d fur
CFC MIND Seiies tyonal
293.0ty)
(70.272 ) (22,500 ) 2CiJ.228
1,210.373 5.522.603 (4.474.697) 331.500 2.589.779
Reslrfet•d funds
No io Hate
PL Activate Seniors
PL Chdsèa Chami￿or
PL Core Funding
PL Inspires
PL Enlrepreneur
PL Kiths
PL Kiths Targeted
PL Football PF
PL Prnnary Stars
1,LMO.040 { 476.545) 1354.000 ) 209,495
82.7CKI
{82,142 )
30.147
188,833 { 226,9791 22,$00
101,214
230.0(KI 1230.000)
38.585
177.1181
39.947
74.￿)
(64,508)
18.769
275,823 (274.0671
"63.730
23.147
(37.1261
6,630
15.rKJo
44.511
29,589
116,860
38.585
27.065
8.37T
61.474
20.610
15.C
49.146
150.360 (154.9951 { 37,873 )
366.705 2.155.803 (1.623.481) { 331.SLXI I S67,528
Total fvnds
1.577.078 7.678,406 { 6.098.178)
3.157.306
Transf¢
Due to th8 sanclions Ihal V￿re placed on Ihe Qub a tranche of fundrrwJfrytrE No lo Hate project was unable
lo be rnade. Rather than carKdlir¥J the acbVatiCfflsf￿ this w)Je(a uNestricted furKI *ere utilised to cover the
shorttall. UFW recwing the fuTh*ng after sanc11u￿ on ￿Te litled, thi5 transfer vrns feversgd.
D¥$lgnated lunds
DurirvJ the year the C4ub made a donatic￿ to the Fourthtion fr¢m ti¢k•t sales fc* the MIND Swies frien¢Jy
played against Tottonhwn Hotspur. The Truslee tr#)kts de(a%on to de￿ale thesè fLmds to Ihalw411
b¢ for 2 years frrjn July 2023.
Re5trfcted funds
These funds ¢wst of grants and fr(*m V¥iOUs lyjdtes Ind￿li1¥j t1￿0 for tr* fdh74biro proJe¢ts'.
lfjck5, PL Adfvate SeThors. PL Chelsea Chafflpions. PL Core FuThJiThJ. PL Inspires, PL Entrepreneur, PL
F￿tball PF ar#S PL Primary Ststs arbJ No lo Hats. The No to Hate Fwciecl aims to high1￿ht or￿l￿d issues
around antisemitisrn Mlhin fc*JtbaU and the *ider ¢xrfnmunity.
24

Ch¢lsea FC Foundallon
{A Company Limlted by Guarantee)
Not•s to the financlal stat¢monts
far the yoar •nded 30 June 2023
21. Stat¢m•nl ollunds
For the
1Juty
2021
30 Jun•
2022
Incom• Exp•ndlture Trnnsl•rs
UnrestrlGted fvnd
General fund
965.707 5.240.Q54 14.713,177) { 575.211 1 917,373
D*signat¢d fund
CFC MIND S8ftes Donalion
293,OLKI
293.lJOO
.707 5.240,054 (4,713.1TT I { 282.211 ) 1,210,373
R•$trf¢t•d tsnds
No to Hate
PL Activate Seniors
PL Chelsea Chwnwons
PL Core Furnjirvj
PL Inspires
PL Entreweneur
PL Kicks
PL Kick5 Target
PL F(￿tball PF
PL ￿lMary St¥s
189.718
16.962
105.958
38,585
137.211
19.843
310.944
46,164
15.(Krf)
213.976
1548.807 ) 359,089
75.473
{ 62,8461
225.520 1214.6181
230.000 1230.0001
{ 71.141 ) { 39.rA751
84,4fy)
195.8661
71.937 { 321,407 }
50.925
(76.479)
29,589
116,860
38,585
27.065
8.377
.61.474
20,610
15.000
49.146
(126.957 ) { 37,8731
1.094.361
738.255 (1.748.122) 282.211
366,705
Total funds
1.775.741 5.978.309 16,461,299)
1.577.078

Chel$•a FC Found•llon
(A crynp￿y Limited by Guarantee)
Ilol•$ to the Ibnan¢lal statements
for th• year ended 30 Jyn* 1023
21 knaly818 ol nol by fund
orl
r ended 31 March
23
funds
funds
Fbxed ossels
Current assets
Current lialylities
59.615
3.750,362
{ 1.220.199)
59.615
567.528 4,317.890
11.220.199)
2.589.778 567,528 3,157,306
ar ended 31 March 202
Unrestricted Restricted
fvnds
fund$
Fixed awts
Current assets
Current liabililies
47.840
2.471.117
(1.308,5851
47,840
366,705 2.837,823
11.308.5B51
1.210.372
366,70S 1.577.078
23. Pensions
D•fin•d e¢)ntrlbutlon
pens￿ contributions pay•blo lor Ihè year ¢nd¢d 30 2023 •ncwnt8d to £128,669 (2022. £133,604).
24. Called up share capital
The Charity is limited by w8rante8 a￿1 has no share catmtal. Tha liability of the truste8s as membars is limit￿]
by guarantee lo not more Ihan £10.

Chelsea FC Foundallon
IA Company Limile11 by Gu*8nleel
Note$ to Ihe finandl statem•nts
forthe Y￿ end￿ 30 June 2023
2S R•lal•d Party tr4nMction$
The Charity conducts tr￿sineSS transa¢knLW M a rM)mwl c￿M￿claI b*1$ TAilh. and rec•¥8s a nwnb8r of services
frorn the fc41owng related Ccthpani
Chelsea FC Holdings Limited, Chdsea FootbaN aub Limited. c￿ FC Merthandising, Chelsea Women's
Football aub Lynited and Chelsea Car Paths Limit￿ •e related paities duè to a nLunber of Truste8s of Cholsea FC
Foundation b￿ng direcloo of tha Chdsea FC wup c￿npar￿e
Sales lo Chelsea Fojtbal Club Lirnited indLN4e the recharge of coxhing time cljnducted by Foundation stsff on
half of the Football CILtrb. Sales durirrfJ the yw lo £232.09312022- £262.759). Pwthases durin9 th¢
year &nounted to £90,*2 {2022- £54.112J At th¢ yearwd. £29.337 ¥AS du• (2022- £3.039).
Blueco 22 Limited made a £2.000,000 donatic￿ (21W2- £ndl dwiw the pwi¢xl.
Chelsea FC Holdings Limf(ed pay the pertsi￿ r¥)5ts ¥thich are ro¢h8ryed to the F￿ndati0ft on • monthly baws a5
wdl as other sèfvi¢es prtyided to the F￿nd$1￿¥). Puri*a5es dwing the year wnounted to £814,99212022-
t747.422. At t￿ yew erhy. ￿oUrtts payable was £nil (2022- £nil}.
Amounts 0￿d to Chelw FC merch￿dIS•￿) Ltd relate to cgjsts charges ofmefchandise it￿$ or stadium
IOLKS used as lotterylraffle prizes. Pur¢hase$ during the yw ￿nted to £14.426 {2022- £5.2351.
Chelsea Car Park Ltd. ytyides car pathirKJ at Sl•nford Bndge. Purchases during Ihe ye8r omwnted to £4,176
12022- £4.176).
Coathing lime is recharged lo Chelsea F￿ttI*l Clubwcxnen Ltd, dwing the year *nounted to £33312022-
£6.6101. At the year end £nil was due12022- £30).

Chelua FC Foundallon
IA Company Limited by Guarantse)
Notes to the financlal statements
for the year endod 30 June 2023
Re¢oncith*tion of net wKomel{expernlilurn) to nel fiow from Ol￿At1￿ actl¥ities
2022
N•t Incom￿(8xPlndturn) for th• p•riod
AdJuslm•nts for.
Deweciatson charges
Amortisation charges
Interest receivatrAe
Decreas•l{intrtw) in dtbtors
Decreasel{increw) In credltors
1,580,228 1482.990 )
15.733
5.162
(26.335 )
109,393
J5.660
{ 88,386 ) 39,615
13.980
2.700
Net cash pmvlded by operatlng actlvllles
1.S95.795
478.965
27. An•lysi8 of changej in net debt
The charitable company had ￿ debt during the y￿.