JR,YCT:
2006
THE JOHN ROBINSON YOUTH CHESS TRUST
TRUSTEES ANNUAL REPORT AND FINANCIAL
STATEMENTS
YEAR ENDED 31 AUGUST 2024

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
CONTENTS OF TRUSTEES, ANNUAL REPORT AND RETURN
Page
Legal and regulatory information
Report of the Trustees
Report of the independent examiner
Statement of financial activities
Balance sheet
Notes to the financial statements
10-13

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity number
1116981
Trustees
Dr. John Higgs (Chairman)
Mr. Gerry Walsh
Mr. lan Reynolds
WIM Natasha Regan
Address
6 Mayffield
Worth
Crawley
West Sussex RH10 7FT
web.. www.johnrobinsonchess.org
email.. admin@johnrobinsonchess.org
Bankers
Independent Examiners
Natwest Bank PLC
Hastings Branch
Havelock Road
Hastings
East Sussex TN34 OGW
Watson Associates (Audit servI￿s Ltd)
30-34 North Street,
Hailsham,
East Sussex BN27 1 DW

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
REPORT OF THE TRUSTEES
Charity
The Trust was registered by the Charity Commissioners on 24 November 2006.
Governing document
Deed of Variation dated 24 June 2006.
Charitable objectives
To advance education by providing or assisting in the provision of facilities for the teaching
development and supervision of the playing of chess amongst persons under the age of
twenty-one, resident in England or eligible to represent England at chess.
Trustees
Appointment of new Trustees is vested in the Council of the British Chess Federation.
Trustees may be appointed at any time (either by way of replacement or addition) so that the
total number of Trustees shall at no time exceed four.
Trustees may be removed by a resolution of the Council of the British Chess Federation
passed with a majority in favour of 750/0 of those present in person or present by proxy and
voting thereon.
Summary of the main achievements in the period
The Trust continues to provide support towards junior chess. With a full return to normal
playing conditions during the audit year the Trustees were able to make a wide range of
formative grants to individual players, chess associations and various events.
The Trustees established a website in 2023 whlch has continued to be wanniy welcomed by
those in the junior chess community.
Financial review
The Trust funds remain fully invested and have increased in overall value during the financial
year. The main sources of funds during the period have been dividends.
The majority of income is applied to grants. Expenses and professional fees are the other
main areas of expenditure.
Policy on investments
The return objective of the Trust is to receive income, after fees, in the region of £30,000 per
annum whilst maintaining the real value of the assets. The income generated (net of fees) is
normally distributed quarterly. The risk tolerance is 'lower risk, but given the long investment

time horizon and the desire to maintain the real value of the assets, there is scope for an
allocation to equities.
Constraints.. The Trust is managed with a long-time horizon in mind as the Trustees wish to
support junior chess for decades ahead. Given that there is little chance of cash distributions
beyond the quarterly distributions of dividends, there are little or no liquidity constraints for
the Charity. Due to the Trust's charitable status there are no tax constraints nor are there
any legal or regulatory constraints. The Trustees have requested several ethical constraints
and there are to be no investments in armaments, tobacco or gambling.
Policy on reserves
The Trust holds cash at bank of £21,034 representing unrestricted funds to be applied for
the charity's objectives. Since 2006 when the Trust was founded it has been the policy of the
Trustees to..
(i) To treat the capital of the Trust as a permanent endowment and not to spend more
than the accumulated income on grants from the Trust, unless there are grant
applications that merit expenditure over and above the estimated income.
Also held are funds totalling £878,764 by the Trust's investment managers.
To the extent that these do not represent accumulated income due to be paid over these are
to be applied for the purchase of investments.
Plans for the future
The Trust will continue to support chess events and individual junior players by way of grant
giving and will always consider grant applications on merit and with an open mind.
The Trustees agreed during the audit year to explore the position to becoming a CIO.
Trustees, responsibilities in relation to the financial ststements
The charity trustees are responsible for preparing an annual report and financial statements
in aGGordanGe with appliGable law and Uniterj Kingdom Accountlng Standards (United
Kingdom Generally Accepted Accounting Practi￿).
The law applicable to charities in England and Wales requires the charty trustees to prepare
financial statements for each 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, of the charity for that
period.
In preparing the financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP.,
make judgements and estimates that are reasonable and prudent.

• state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concem basis unless it is
inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the charity and taking reasonable steps
for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the charity and financial
information included on the charity's website. Legislation in the United Kingdom governing
the preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
The trustees are content that Mr John Robinson, our founder, would approve of the efforts of
the Trust over the last year and would be satisfied that the Trust is meeting the moral and
legal obligations that it owes to its beneficiaries and to its benefactors.
Approved by the Trustees on 14th May 2025 and signed on their behalf by..
Dr. John Higgs
Chairman

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE JOHN ROBINSON
YOUTH CHESS TRUST
I report on the financial statements for the year ended 31 August 2024, which are set out on
pages 8 to 13.
Respective responsibilities of trustees and examiner
The d)arity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not required for this year under section 144 of the Charities
Act 2011 and that an independent examination is needed.
Having been satisfied that the charity is not subject to audit under charity law and is eligible
for independent examination it is my responsibility-
To examine the accounts under section 145 of the 2011 Act.
- To follow the Pro￿dureS lairj down in the General Directions given by the Charity
Commission under section 145(5)(b) of the 2011 Act,. and
To state whether particular matters have come to my attention
Basis of independent examinerfs report
My examination was carried out in accordan￿ with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual ttem5 or disclosures in the accounts, and the seeking from you
as trustees concerning any such matters. The procedures undertaken do not provide all the
eviden￿ that would be included in an audit and, consequently, no opinion is given as to
whether the accounts present a true and fair view, and the report is limited to those matters
set out in the statement below.
Independent examinef s statement
In GonneGtion wtth tny examinalion, no matter has come to rny attention".
(1) Vvhich gives cause to believe that, in any material respect, the requirements:
- To keep accounting records in accordance with section 130 of the 2011 Act.
To prepare accounts which comply with the accounting records and to comply
with the accounting requirements of the 2011 Act and with the methods and principles
of the Statement of Recommended Pradice: Accounting and Reporting by Charities
(revised 2005) have not been met" or
(2) To which, in my opinion, attention should be drawn in order to enable a proper
understanding of the %Gounts to be reached.
2¥.1.
MF. John Males FCA
Watson Associates (Audit Services Ltd)
30-34 North Street,
Hailsham, East Sussex BN27 1 DW

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
STATEMENT OF FINANCIAL ACTIVITIES
Note
Total
2024
Total
2023
Income from:
Investment income
Donation
29,847
100
29,596
Total
29,947
29,596
Expenditure on:
Grants
Governance costs
37,126
10,366
22,435
1,882
Total
47,492
24,317
Net income l(expenditure)
(17,545)
5,279
Gains l(Loss) on investment assets
42,240
(68.937)
Net movement In funds
24,695
(63,658)
Reconciliation of funds
Funds brought foNard
873,945
937,603
Funds carried forward
898,640
873,945
A Statement of Total Recognised Gains and Losses is not required as all gains and losses
are included in the statement of Financial Activities.
All incoming resources, reSoUr￿S expended and resulting net movement in funds are
derived from continuing activities.
All funds are unrestricted.
The attached notes form part of these financial statements.

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
BALANCE SHEET
Note
2024
2023
Fixed assets
Investments
878,764
836,524
Current assets
Cash at bank
21.034
21,034
38,501
38,501
Creditors
Amounts falling due
within one year
1,158
1,080
Net current assets
19,876
37,421
Total assets less
current liabilities
898,640
873,945
The Funds of the
Charity
Unrestricted funds
898,640
873,945
898,640
873,945

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been
applied consistently throughout the year and in the previous year.
Basis of accounting
The financial statements have been prepared in accordance with the Statement of
Recommended Practi￿. Accounting and Reporting by Charities applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102) effective January 2015 and the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Assets and liabilities are recognised at historic cost or transaction value unless otherwise
stated in the relevant accounting policy or note(s).
The financial statements comply with the Charities (Accounts and Reports) Regulations
2008 issued under the Charities Act 2011.
ii. Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
lil. Fund accounting
All funds are unrestricted and are available for use by the Trustees in furtherance of the
general objectives of the Trust.
iv. Incoming resources
All incoming resources are included in the Statement of Financial Activities when the Trust is
entitled to the income and the amount can be quantified with reasonable certainty.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Govemance costs
include those costs associated with the constitutional and statutory requirements of the
charity and include costs linked to the strategic management of the charity.
vi. Commitments for future expenditure
Other than normal commitments inherent to the operation of the charity and under contracts
of employment there are no contractual obligations to future expenditure at the balance
sheet date. Where the trustees authorise expenditure, which is not legally enforceable at the
balan￿ sheet date the appropriate amounts are set aside into designated funds. There were
no amounts authorised at the year end.
io

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting policies continued
vii. Cash Flow Statement
The charity has taken advantage of the exemption provided by Financial Reporting Standard
No. 1 and Accounting by Charities Statement of Recommended Practice and has not
prepared a cash flow statement for the year.
viii. Fixed assets
Investments held as fixed assets are shown at the mid-market value on the balance sheet
date. Gains and losses on the disposal of investments are taken to the Statement of
Financial Activities in the period in which they occur.
2. Grants
2024
2023
English Chess Federation..
Other events
1,000
2.000
British Chess Championships:
Event support
Junior coaching
7,500
2,500
7,500
2,500
Grant for events
8,580
5,500
Other grants
17,546
4,935
37,126
22,435
li

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
3. Governance costs
2024
2023
Administration & legal fees
Independent examiners fees
8,556
1,158
802
1,080
9,714
1,882
4. Trustees. remuneration and benefits
There were no Trustees remuneration or other benefits for the year ended 31 August 2024
(31 August 2023. nil).
5. Trustees, expenses
Trustees, expenses paid for the year ended 31 August 2024 totalled £132 (2023 - £53).
6. Investment assets
2024
2023
Investments
878,764
836,524
The cost of the investments held at 31 August 2024 was £806,682 (2023 - £806,682) At 31
August 2024 the assets consisted of investments in the COIF Charities Investment Fund, the
COIF Charities Ethical Investment Fund and the COIF Charities Property Fund.
7. Creditors: Amounts falling due wlthin one year
2024
2023
Accrued expenses
1,158
1.080
1,158
1.080
12

THE JOHN ROBINSON YOUTH CHESS TRUST
FINANCIAL YEAR ENDED 31 AUGUST 2024
NOTES TO THE FINANCIAL STATEMENTS
8. Capitsl Commitments
There were no capital commitments not provided for in the financial statements for the year
ended 31 August 2024 (2023 Nil)
9. Ultimate Controlling Party
The charity is controlled by the independent Board of Trustees.
13

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
CFiaTty Trlam
THE JOHN ROBINSON YOUTH CHESS TRUST
On aGcounts for the year
ended
31 AUGUST 2024
Charity no
(if any)
1116981
Set out on pages
I report to the trustees on my examination of the accounts of the above
charity ("the Trust") for the year ended 31 August 2024.
Responslbilities and
basis of report
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
("the Act")
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commlssion
under section 145{5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have
examiner's statement come to my attention in connection with the examination which gives me
cause to believe that in, any material respect..
the accounting records were not kept in accordance wilh section 130
of the Charities Act; or
the accounts did not accord with the accounting records. or
the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a propw understanding of the accounts to be reaGhed.
Signed:
Date:
2110212025
Name:
JOAN CHARLES MALES
Relevant professional
qualificatlon(s) or body
(if any):
ICAEW
FCA
Address:
30-34 NORTH STREET
HAILSHAM
EAST SUSSEX, BN27 1DW
IER
Oct 2018

Section B
Disclosure
Only complete if the examiner needs to highlight material matters of concem
(see CC32, Independent examination of charity accounts: directions and
guidance for examiners).
Give here brief details of
any items that the
examlner wishes to
disclose.
IER
Oct 2018