Company Registration No: 06441426 Charity Registration No: 1123385 CHANCE TO SHINE Inspiring young people through cricket CHANCE TO SHINE FOUNDATION LTD A charitable company limited by guarantee ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Page I
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE CONTENTS Page Legal and administrative information Trustee Direttors. report 4t018 Independent auditors, report 19to22 Consolidated statement of financial activities 23 Consolidated balance sheet 24 Cash flow statement 25 Notes to the accounts 26to39 Page 2
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE LEGAL AND ADMINIsfRATIVE INFORMATION - year ended 30 September 2025 Status The organisation is a charitable company limited by guarantee, incorporated on 30 November 2007. Governlng Document The company was established under Memorandum and Articles which established the objects and powers of the charitable company as amended by Special Resolution on 29 January 2018. AII trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 19 to the accounts. Trustee Directors: Dana Abdulkarim Amlt Aggarwal Emma Bernstein Steve Davies Sharon Hague Sir Mark Harford William Lawes {resigned 29 September 2025) Eoin Morgan CBE Bilal Raja Tim Score (Chair) Kriti Sharma {resigned 30 January 2025) Christopher Townsend (appointed 30 June 2025) Roland Turnill (appointed 30 June 2025) David Walker Chief Executive.. Kate Stephens Key Management Personnel.. Katie Fawkner-corbett (matemlty cover), Vanessa Greene, Ross Jeavons, Steve Peyman, Nicholas Platt President: Lord King of Lothbury KG GBE FBA Vlce-Presldents: Mark Nicholas, Sir Tim Rice, in memory of Duncan Fearnley Honorary Llfe Vlce-Presldent: Sir Donald Brydon Honorary Vlce-Presidents: Graham Able, Sir Daniel Alexander, Nick Anstee, Adrian Beecroft, Laura Cordingley, John Dodge, Simon Dyson, Charlotte Edwards CBE, Peter Gale, Garri Jones, Wasim Khan MBE, Judy Knappett, Douglas McAllister, Sophie O'connor, Tim O'Gorman, Alison Oliver, William Lawes, Russell Perry, Ebony Rainford-Brent MBE, Caspar Rock, Mike Soper, Oliver stocken CBE, Luke Swanson Company registration number: Charity registration number: 06441426 (Incorporated in the United Klngdom) 1123385 (Registered in England & Wales) Registered Offjce: Holbom Tower 137-144 High Holbom London WCIV 6PL Secretary: MSP Corporate seices Limited 27-28 Eastcastle Street London WIW 8DH Audltor: Sayer Vincent LLP 110 Golden Lane London, ECIY OTG Bankers: Barclays Bank PIC Swiss Cottage St John's Wood, London NW8 9TJ Page 3
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS. REPORT - year ended 30 September 2025 The Trustee Directors present their report and the audited financial statements for the year ended 30 September 2025. Refence and administrative information set out on page 15 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. This trustee directors. annual report includes a directors, report as required by company law. IVITIE In planning the objectives and activities for the period. the Trustee Dlrettors considered the Charity Commission's guidance on public benefit, in particular the guidance regarding public benefit from the advancement of education and of amateur sport. In 2023 we refreshed our mission to ensure it is relevant and lated to our new strategy: We want all young people to have the opportunity to play, leam and develop through cricket. We will help them leam a love of the game and to find a sense of belonging through the sport," developing their wider wellbeing and life skills to help them fiilfil their potential. We aim to achieve our mission by providing opportunities through our two core programmes.. Chance to Shine Schools and Chance to Shine Street. We focus on four outcomes for children; Physical Wellbeing, Mental Wellbeing, Personal Development and Social Wellbeing. We also measure programme outputs: who takes part in our programmes, how they engage and whether cricket is sustained in schools. In order to deliver our programmes and achieve these outcomes for children and young people we work in close partnership with the England and Wales Cricket Board (ECB), Sport England and multiple delivery partners including: all 39 County Cricket Board (CCBS) in England and Wales, Cricket Scotland and StreetGames. In doing so, we provide professional cricket coaching, teacher training, competition and links to community settings in state primary and secondary schools. Our community cricket programme, Chance to Shine Street, brings the sport to thousands more young people in disadvantaged areas. Delivered through CCBS, StreetGames and other partners, it Uses the game to increase aspiration, develop life skills, promote social cohesion and provides additional support for areas such as crime prevention in some of the most disadvantaged areas of the country. Across Schools and Street, the role of delivery partners is to develop and deliver activltles that best meet local needs while meeting Chance to Shine Foundation Ltd's charitable objectives. Our programmes have been designed to develop sustainable cricket cultures in schools and communities. Structured programmes of coaching, competition and teacher development are delivered by qualified coaches who are recruited and managed by delivery partners. Page 4
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIREcfoRS' REPORT - year ended 30 September 2025 HIEVEME TS RMANCE 2025 marked the 20th anniversary of the establishment of the first Chance to Shine programme, and the charity has helped over 7.5million young people in that time. In March, we were proud to celebrate this achievement with the launch of our Impact Report in the House of Lords, hosted by our co-founder and President, Lord King of Lothbury. The key impact findings demonstrated the posltive impact of our programmes on physical, mental and social well being, and were brought to life with case studies and testimonles from teachersi young people and parents, who joined us to celebrate. DELIVERING AGAINST OUR OBJEcfIvES From September 2024 to August 2025, 596,885 children and young people took part in a Chan to Shine programme (510/0 girls) in 4,467 schools (4,263 primary and special schools, 204 secondary schools) as well as 302 Street projects. Our worf( in primary schools This year, 565,470 children took part in Chance to Shine programmes in 4.263 primary and special schools which exceeded our planned number of 544,523 children. 1,962 schools (46 % ) had a higher than national average proportion of pupils eligible for Free School Meals (FSM), with 851 schools having a very high proportion (40%+ pupils) eligible for FSM. In 2024-25, in line with the ECB'S Youth Strategy, we brought a place-based focus to deliver, ensuring that schools in areas of deprivation or with high FSM ellgibility received targeted support. Below is a breakdown of delivery against our two programme5 delivered In primary schools: Whole School Programme Planned Actual 2,709 Crlcket Engagement Day Planned Actual 2,028 1,554 Schools Schools with hlgher than avera e 0/0 FSM Children Boys Girls 2,580 NA 1,895 1,566 (580kn) 396 (25010) 305,977 322,955 165,201 (510/0) 157,754 (490/0) 238,546 242,515 122,504 (510/0) 120,011 (490/0) Whole School Pmgramme (WSP)." half-term of cricket almed at building teacher confidence and whole child development with a clear pathway to communlty sport. Cricket Engagement Day (CED): a single day in schools aimed at connecting to community programmes and inducting new sch¢Xsls for ftjture involvement with a Whole School Programme. Priority wa5 given to the delivery of WSPS, as we know WSP return the greatest impact on the lives of children and the school. Overall, we reached 1050/0 of schools for Whole School Programmes and 770/0 for Cricket Engagement Days. Page 5
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS, REPORT - year ended 30 September 2025 Inter schools competition Is also a key component of the our work in primary schoo15. Across all Chance to Shine funded Inter school competitions (which included Skills Festiva15 & Dynamos Schools), 113,131 chlldren took part. Children and teacher surveys for the Whole School Programme in 2024125 reflect positive experiences and impact on physical, mental and social wellbeing. 88% of children said they liked playing cricket; 970/0 of teachers agreed they felt confident teaching a cricket session without a coach after the programme; and 810h of teachers reported they planned to have cricket on the curriculum next year. On a scale of 0-10, the average response of teachers regarding the impact of the programme was 9.2 enjoyment of sport and activity; 8.7 confidence; and 8.7 teamwork. Survey feedback is being used to infomi future learning and planning. All data on the scale and impart of our programmes is measured, publlshed and shared with funders and supporters in our annual Impact Report, which can also be found on our website www ncetoshine.or Thls gives an in-depth review of our key metrics, alongside detailed case studies. Street programme This year has been our most successful yet in temis of dellvery and reach across the Street programme. We have seen record numbers of Street clubs delivered and participants engaged, demonstrating the continued strength and impact of the programme within communities nationwlde. From September 2024 to August 2025, 10,292 young people were engaged across 302 Street clubs, including 219 youth age clubs, 42 young adult clubs and 41 girls clubs. 71 % of participants were from ethnically diverse communities, and 970/0 told us that they feel they belong at their Street club. These results demonstrate the power of the programme to connect, inspire, and support young people across underserved aaS of the UK. Survey feedback in 2024125 from Street participants and their parents reflects the positive experience and impact. 99% of participants felt safe at the Street sessions, 980/0 felt respected and included and 920/0 felt closer to their local community. 970/0 of parents would recommend Street to others and 99% think their child's coaches are good role models. More broadly, our monitoring and evaluation is informing future improvemenLs and plans. We contlnue to work collaboratively with our charity partners to expand access to cricket and ensure that every Street club acts as a vital community hub offering not just cricket, but a place for young people to develop confidence, resilien and friendships In a safe and supportive environment. street reglonal & national flnals This year's Street Finals were our biggest and best yet, with an incredible atmosphere and some standout highlights. The competitions featured an all-female officiating team for the girls, finals day, a first for us, adding to the sense of occasion and progress. We also welcomed an Afghan refugee team from Clayton, competing for the very first time, a powerful moment that underscored the inclusivity and impact of the Street programme. Across the regional competitions, 10 regions hosted U12 and U16 competitions, Involving 130 teams and over 1,040 participants. The national finals were equally impressive, with 5 competitlons featuring 54 teams and over 430 participants. Altogether, this yearf5 Street competitions saw more teams and participants than ever before, showcasing the growing reach and success of the programme. The events were supported by our Youth Advisory Board members ensuring the competitions ran smoothly. Each day. we recognised a Player of the Day and a Coach of the Day, highlighting a participant who demonstrated teamwork and inspired those around them. The winners were selected by the officials, who obseed the teams firsthand throughout the competitions. Page 6
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIREcfoRS' REPORT - year ended 30 September 2025 Coach Training Schools The 2024-25 academic year focu5sed on embedding principles of the Chance to Shine Primary Schools Coach Training Programme, once again delivered in partnership with Youth Sports Trust (YST) as well as introducing our network to two key training areas supported by Sport England: Physical Literacy and Play Thelr Way. Year five of the'Train the Trainerf programme was attended by 55 tutors across the national network and was a joint Schools & Street event. We partnered with Play Their Way on Day I, including workshops from UNICEF UK and UK Coaching. A further 92 new coaches received support from the Chance to Shine & YST tutor team across 5 regionally delivered courses, including a new partnership with the University of Worcester. Further fresher events took place in January and Februaryi attended by 40 coaches. street This year, our focus has been on strengthening the Train the Trainer model, deliverlng two dedicated courses alongside one Street refresher course. The need for refresher courses was lower than previous years due to the high number of two-day courses delivered the previous year. Across these three courses, we engaged over 80 street leads and coaches, ensuring knowledge and best practice was widely shared. In addition, we developed and expanded the Street e-learning modules, targeting the casual coach network, which is an essential part of sustaining Street delivery. The e-learning portal will play a key role in 5UPPOrting ongoing coach development and ensuring consistent quality across all Street clubs. Feedback from participants has been overwhelmingly positive, highlighting the continued value and impact of our coach development offer in maintaining and growing the Street network Glrls secondary school programme Now in its seventh year, this programme aims to develop leadershlp skills and introduce cricket to new participants. We managed to reach 204 secondary schools, versus our target of 181. In total, 21,123 unique girls took part in the programme. As part of this, 12,436 girls attended taster sessions, 10,093 leaders were trained and 2,571 girls attended extra-curricular clubs. We focussed our funding on a core group of delivery partners, who had previously delivered high quality engagement on the leadership elements. Further to this, every delivery partner received an amount of funding to support l¢xal Chance to Compete events. Chance to Compete (secondary school competltlon) Chance to Compete comprised three offers in 2025: a girls outdoor competition for U13s and U15s' a Year 7 open competition; and an indoor open tape ball competition. The girls outdoor competition for U135 and U15s began with county level events and culminated in regional finals. This summer's weather allowed for all 16 regional finals to be completed and more teams and participants to play than the previous year, and a total of 14,528 young people took part in these competitions. In addition, the Year 7 open finals, involved 190 schools, 212 teams and 2025 participants; and the indoor open tape ball competition involved 331 schools, 370 teams, and over 3000 participants. Page 7
CHANCE TO SHINE FOUNDATION LTD . CHANCE TO SHINE TRUSTEE DIREcfoRS' REPORT - year ended 30 September 2025 Hospltal Schools Chance to Shine deliver cricket sessions for children aged 5 to 18 in three London hospital schools: The Children's Hospital at Great Ormond Street. The Teenage Cancer Unit at The Royal Marsden Hospital and The Lavender Walk Adolescent Mental Health Unit at Chelsea and Westminster Hospital. Coaches from our delivery partner, Capital Kids Cricket, run a 36-week cricket themed programme during school hours. It aims to support children's wellbeing by having funi playing with others and being physically active to the best of their ability. Chance to Shlne Open Day - World Record Attempt On Monday 23 June 2025, chan to Shlne set a new Guinness World Record at Lord's Cricket Ground for the largest cricket lesson (single venue), surpassing the pVIouS record of 645 participants at Edgbaston (19 May 2022). The event brought together 1,008 children and 153 teachers from 35 schools across the network, supported by 16 delivery partners. Thls milestone was made possible through partnerships between the Marylebone Cricket Club (MCC) Foundation, Compare the Market, Bettys & Taylors of Harrogate, Premier Foods, Mayer Brown and RBC Brewin Dolphin. Thanks to the collective effort, Guinness World Records announced a new record of 943 successful participants, marking a historic day at the Home of Cricket for Chance to Shine in its 20th Year. Youth Advisory Board The Chance to Shine Youth Advisory Board has continued to play a vital role in the charlty. Following the successful completion of their two-year temis, 11 members stepped down and new members have been recrulted to the 16 strong board. Of the 16 members, seven have previously participated in Street cricket, including two current Street coaches, while four have experience with chan to Shine school cricket, wlth two currently coaching in schools - one of whom is involved in both the Chance to Shine Schools and Street programmes. In total, 69Wo of our board members have dlrect experience with Chance to Shine programmes, many of whom remain actively involved as player5 or coaches. This brings first hand, lived experience of the charity's work and invaluable input on programme development, outreach and impact. In line with our aim to involve the Youth Advisory Board across multiple areas of our work, several members volunteered at major events such as the MCC School Open Day, Chance to Compete, the World Cup Launch Dinner, Chance to Dine and the National Street Finals, while others had the opportunity to present to the Board of Trustees, represent Chance to Shine at external engagements, and contribute to initiatives including presentations to delivery partners, the ECB'S Big Cricket Conversation, and the School Sports & Activity Secior Partnership Summlt. Page 8
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIREcfoRS' REPORT - year ended 30 September 2025 COMMUNICATIONS There has been a successful year of high-profile events, media opportunities and digital campalgns linked to the charity's 20th birthday celebrations, under the banner #Inspiredbycricket. This has included a celebration event at the first primary school at which a chan to Shine programme was ever delivered, a 13-minute Chance to Shine documentary aired during the India Test on Sky Sports, and digital collaborations with members of the England cricket team. In total, there were over 1,000 mentions of the charity across print, broadcast, and online media. Additional national coverage coincided with the Street National Finals, including features by The Sunday fimes and Talksport with England cricketer, Shoaib Bashir. Local broadcast coverage also grew significantly, with regional features in Leeds, London, Tyne Tees, and Anglia, supporting promotion of the Chance to Compete programme. We have also delivered a IO% growth in our digital communications channels. We have also launched the charity's first Brand Book, articulating the mission, vision and purpose of the charity, a short manifesto and guidelines on brand usage. E-Learnlng With funding from the Fidelity Foundation, new e-leaming nCtIonal1ty was developed within the Chance to Shine Portal to digitise elements of our training. The system enables continuous professional development through flexible and accessible online courses. System build and testing were completed in September 2025, with initial rollout targeted at coaches. The platform has also been designed with future scalability in mind, allowing for potential expansion to teachers and young people as part of our long-term strategy. Page 9
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS. REPORT - year ended 30 September 2025 FUNDRAISING Chance to Shine undertakes fundraising activity to its supporters via fijndraising events and individual glvlng, including appeal letters, emails and telephone. In addition, funds are ralsed from trusts & foundations and corporate partnerships. Chance to Shlne Foundation Ltd is registered with the Fundraising Regulator and adheres to Its Code of Fundraising Practice and its associated rulebooks for fundraising activities. Additional guidance and information are sought from the Institute of Fundraising to inforni best practice. Chance to Shine is compliant with the UK Generdl Data Protectlon Regulation (UK GDPR) and the Data Protection Act 2018 and will only contact prospective and existing supporters in line with its Privacy Pollcy which can be viewed in full at w hantOshln riva chan to Shine recognises the importance of protetting our vulnerable supporters and follows the guidance issued by the Institute of Fundraising and the Fundraising Regulator on treating donors fairly. Chance to Shine supports its staff who interact with supporters to provide high quality customer care, ensuring anyone donating to the charity is in a position to make a free and informed decision. Chance to Shine welcomes feedback on its fundraising activities and has a complaint policy which outlines how the charity will react should a complaint be received regarding its fundraising methods. Chance to Shine received no complaints during the year. During the financial year, Chance to Shine Foundation Ltd received total Income of £7.640m. £4.015m of that was funding received from the England and Wales Cricket Board (ECB). £3.640m of thls was toward5 the primary school programme and £0.375m was towards the Street programme. Sport England gave £0.985m towards the Street programme. The remaining £2.640m came from a combination of individuals, corporate donatlons, sponsorship agreements, fundraising events, trusts and foundations and investment income. Chance to Shine continues to seek restricted and unrestricted donations in support of its programmes and remains sincerely gratefvl to all such organisation5 and individuals for their generous support. Particular thanks to the long term support of the England and Wales Cricket Board, the England and Wales Cricket Trust and Sport England. as well as to our generous individual supporters and our corporate supporters. This year, these include BGC Group. Compare the Market, Matchroom Sport Charitable Foundation, Royal Bank of Canada, Unilever. Vestey Holdings and Yorkshire Tea. Trusts and Foundations include The Westminster Foundatlon. Garfield Weston Foundation, The Childhood Trust, Fidelity UK Foundation, Future Academy, The Buffini Chao Foundation, John Armitage Charitable Trust, The Lindsell Foundation, The Monday Charitable Trust, the SG Catto Charitable Trust and The Tomoro Foundation. Page 10
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS. REPORT - year ended 30 September 2025 DIVERSITY In line with the Code for Sports Govemance, Chance to Shine continues to place great importance and focus on diversity and inclusion. Our Diversity and Inclusion Action Plan 2024-2028 (DIAP} was signed off by Sport England in November 2024 and is on our Wbsite. It reflects our three objectives". l. Removing barriers to taking part in cricket 2. RefFerting the diversity of the young people and communities we work with 3. Fostering environments where everyone can thrive, feel they belong and be themselves Our internal Equity, Diversity and Inclusion (EDI) Steering Group acts as guardian for the DIAP to ensure it is embedded throughout our work. The Group is supported by our trustee EDI Board Champion - Emma Bernsteln. The Board considered year one progress and agreed updates to the DIAP at the September Board meeting. Year one highlights include: A stronger focus on deprived areas and communities A refreshed Youth Advisory Board advising on programme and event Improvements An updated Staff Handbook including dedicated EDI section Page 11
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIREcfoRS' REPORT - year ended 30 September 2025 The financial statements included with this report consolidate the SuIts of the Company and its wholly-owned trading subsidiary Chance to Shine Enterprises Limited and have been prepared on a going concern basis. A separate statement of financial activitles and income and expenditure account is not presented for the Company itself following the exemptions afforded by Section 408 of the Companies Act 2006. During the year a total of £7.640m was raised from all sources (2023124.. £6.469m). Of this, £0.358m was raised from commercial activlties and fundraising events which is an increase on the previous year when £0.303m was raised. It has been another challenging year for sponsorship income, with a greater proportion of corporate support being received as voluntary income. We have had another successful year of events. Related fundraising trading costs for the year have increased to £0.289m compared to £0.226m in 2023124. Voluntary Income increased from £6.055m in 2023124 to £7.128m in 2024125. The ECB grant recognised in the period was £4.015m (2023124: £3.524m), comprising a £3.640m contrlbution to our primary school programme and the final instalment of a three year grant of £0.375m per year towards our Street programme. Sport England funding towards our stet programme continued at £0.985m (2023124: £0.985m). Excluding Sport England and the ECB. other voluntary income for the year finished at £2.128m compared to £1.546m in 2023124. The organisation's costs of generating this voluntary income rose slightly to £0.949m {2023124: £0.928m). Charitable activity costs increased to £6.885m (2023124: £6.289m) following the Increased investment in our programmes. Governance costs increased slightly to £0.060m (2023124: £0.057m). Overall, Chance to Shine Foundation Ltd had a deficit of £0.483m for the year (2023124: £0.974m surplus) which was within the budgeted deficit for the same period of £0.757m. There was a net cash ouffiow for the year of £0.452m versu5 a £0.016m inflow in 2023124. The Trustee Directors seek to ensure that funds raised are spent effectively for all its charitable activities, monitoring a range of metrics including the following: l. Costs of generatlng funds as a % of incoming resources from generated funds: 170htr (2023/24.. 180/0) A measure of the total costs of fijndraising actlvlty as a percentage of the total income generated, excluding investment income. This encompasses all forms of voluntary, commercial and event-based fundraising. 2. Charitable activities costs as a % of total resources expended: 850/0 (2023124: 840/0) A measure of the expenditure on the charitable programmes of Chance to Shine Foundation Ltd as a proportion of total expenditure. Page 12
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS. REPORT - year ended 30 September 2025 3. Support costs as a Oh of charitable activity costs: 161yo (2023124: Is) A measure of the costs of the Operations management team and allocated overheads (support costs) as a perntage of the total charitable expenditure on Chance to Shine Foundation Ltd's programmes. RESERVES POLICY The Trustees COgnIse the Importance of retalning sufficient reserves to maintain adequate working capital to cover unforeseen costs, uncertainty over future income, short term cash deficits and to invest in the development of the charity. In 2025 the Trustees reviewed the reserves policy, taking into account planned deficlts as the charity embarks on the next phase of its strategic plan. The Trustees aim to hold equivalent free reserves to maintain business continuity for one year, including related administration costs, as well as sufficient funds for an orderly winding up of the charity. An orderly winding up of the charity Includes any redundancy costs and 6 months of necessary admlnistrative costs. The target free reserve5 after any designations at 30 September 2025 is £2.7m. At the end of the year reserves totalled £4.879m, of which restricted funds were £0.392m. In September 2025 the Trustees agreed to designate a fijrther £0.3m bringing the total designated funds at the end of the year to £1.070m to invest in the next phase of the strategic plan to 2028. This leaves £3.417m of general unrestricted funds which the Tnjstees are free to use in accordance with the Company's charitable objectives. The Trustees agree that the current level of reserves is appropriate in light of the planned deficits for the next two years of investment in the Strategic plan. In 2025126 it is anticipated that £0.5m of the designated fund will be spent on the next year of our strategic plan to 2028 and a further budgeted deficit of £0.047m coming from a combination of restricted and unrestricted funds. INVESTMENT POLICY Investments are made according to an agreed policy that enables surplus cash {above that required for the following three months. requirements) to be invested in longer-term opportunities that balance returns with a low level of risk, most likely being fixed term cash deposits, notice accounts or bonds. Investment planning takes into account both cash balances held together with pledged and forecast income where there is a high degree of certainty of the value and timing of future receipts. In current circumstancesi given the anticipated future cash requirements and the rates of return available, the investment of such surplus funds has been restricted to sterling deposits with British banks with an acceptable credit rating. A limit is applied for the maximum proportion of total funds that can be held in any one institution. The implementation of the investment policy Is overseen by the Audit & Risk Committee on behalf of the Board of Trustees. All investments held currently or at any point during the year were in the form of fixed term or noti cash deposit accounts. Page 13
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRusfEE DIREcfoRS' REPORT - year ended 30 September 2025 RATE In 2024, Chance to Shine launched LL£sLuts a four year strategy that sets out our plans from 2024 - 2028. Success was defined by three key measures: Young people developing their wellbeing through taking part: we aim to see over 900/0 of young people, teachers and parents recognising a positive impact on physlcal, personal, mental, or social wellbeing through taking part. A million young people inspired and taking part in chan to Shine each year by 2028, growing the reach of our impact A focus on underserved communities - we will prioritise those who have fewer opportunities (young people living in economic disadvantage and those who are inactive), removing the barriers to play. The focus in 2024-25 has been on prioritising underserved communities and ensuring that the charity is reaching under-privileged young people who would not otherwise have the opportunity to play cricket. In 2025-26, the focus will be on deepening and broadening this reach. We will also continue to track and monitor the positive impact of our programmes, and to explore the potential innovation routes to growth in 2026 and beyond. This has been brought together in a simplified Strategic Framework under three pillars of: Excelling in primary school dellvery Systemising Street Targeting growth The charity is in a good position to deliver these plans. We have been pleased to sign a three-year grant agreement with the ECB to support the delivery of our primary school programme from Ortober 2025 until September 2028. There has also been important work to consolidate private fundraising and increase income across all streams. The charity will also be investing in its own infrastrurture development, moving away from shared services previously provided by the ECB, to create a robust and sustainable charity for future growth. Page 14
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS. REPORT - year ended 30 September 2025 REFERENCE AND ADMINIsfRATIVE D E CHARITABLE CO Chance to Shine Foundation Ltd is a registered charity and a company limited by guarantee. The liability of its Members in the event of an insolvent liquidation is limited to a contribution of £1. The governance of Chance to Shine Foundation Ltd is entrusted to the Trustees who are the Members of the Company and are also registered at Companies House as the Dirertors of the Company. Bound by its Memorandum and Articles of Association, Chance to Shine Foundation Ltd is requlred to allocate its funding for charitable purposes in the pursuit of cricket and education. The Chair and the Trustee Directors have ensured that attivities funded by the charity are in line with the Memorandum and Artlcles. The two key areas eligible for funding, as established within Its Memorandum of Association as objects of the charity, are.. The organisation or provision of facilities, which will enable and encourage young persons in any part of the British Isles to play cricket. The organisation or provision of facilities for recreation for persons who have need of such facilities by reason of their youth, age, infirmity or disablementi poverty or social and economic circumstances. The following are specific areas itemised in the Memorandum of Association for which ftjndlng may be awarded: to provide full or part-time courses for young persons and coaches. to promote courses for the purpose of training teachers in the coaching of cricket. to provide for the delivery and holding of conferen5 and practical demonstrations. to prepare training programmes and courses with education bodies. to lay out, equip and maintain playing fields (including non-turf pitches and practice pitches) or appropriate indoor facilities. to provide appropriate cricket equipment. to promote or organise cricket matches, competitions or tournaments. chan to Shine Foundatlon Ltd's primary activities are the Chance to Shine Schools and Chance to Shine Street programmes, details of which are on page 4. All activities within the Chance to Shine programmes comply with one or more of the tem15 of reference of the Memorandum of Association. Page 15
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEE DIRECTORS, REPORT - year ended 30 September 2025 THE TRUSTEE DIRECTORS The Trustee Dirertors of chan to Shine Foundation Ltd are appointed by their fellow Trustee Directors, as members of the Company, for their specific expertise in areas relevant to the charlty, either in terms of cricket, business, educational, legal, financial or fundraising matters. All new Trustee Directors are made familiar with the terms of the charitable company's governing document and the objectives and aims of the charity as part of a formal induction process. Trustee Directors are assisted in fuifilment of their duties and ongoing training by colleagues with relevant expertise or by the involvement of outside experts. Trustee Directors can be appointed to serve for periods of up to three years and can be renewed for a maximum of two additional three-year terms. TRUSTEE DIREcfoR APPOINTMENTS AND RESIGNATIONS Christopher Townsend was appointed as a Trustee of Chance to Shine on 30 June 2025. Chris is a Head Teacher at Felsted School in Essex and currently a member of the Board at Essex CCC. He also Chairs the County Advisory Board. Roland Turnlll was appointed as a Trustee of Chance to Shine on 30 June 2025. Roland is the Senior Partner of Slaughter and May* the international law firm, and sits on the Governance and Remuneration Commlttee. William Lawes resigned as a Trustee of Chance to Shine on 29 September 2025 at the end of his maximurn 9-year temi. Kriti Sharnia resigned as a Trustee of Chance to Shine on 30 January 2025. CODE FOR SPORTS GOVERNANCE Chance to Shine achieved compliance on 26 June 2024 wlth the Revlsed Code for Sports Governance published by UK Sport and Sport England. Compliance with the Code for Sports Governance is a requirement of Sport England funding to Chance to Shine. Chance to Shine has a dedicated governance section on our website which demonstrates our ongoing compliance with the Code. www.chancetoshine.or overnance AUDITOR Sayer Vincent LLP were reappointed as auditor of the Company. Page 16
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE TRUSTEES DIRECTORS. REPORT - year ended 30 September 2025 TRUSTEE DIRECTOR MEETINGS. RESPONSIBILrrES AND DELEGATION The Trustee Directors nomally meet four times per year at fornial Board meetings and on any other occasions a5 judged necessary. Trustee Directors have established a number of sub- committees and boards to advise the Board on specific areas of the Company's operations. The Audit & Risk Committee meet at least three times during the year and its purpose Is to oversee the application of internal controls, performance reportingi extemal audit, risk management and related matters. David Walker chaired this committee throughout the year. The Governance & Remuneration Committee meets biannually, and as required, and is chaired by the Chair of the Board of Trustees. It is SponSible for making recommendations regarding Board membership and for the appointment of the Chief Executive. It also oversee5 the remuneration of all employees of Chance to Shine and is responsible for reviewing and setting key management personnel remuneration taking into account cUrnt market salaries and price indices. The Development Board, chaired by Sir Mark Harford, is an advisory board of independent members created to assist chan to Shine to raise funds for its ongoing and future programmes. The County Advisory Board is an advisory board comprised of county crlcket representatives which evaluates the relationship and expectations betsyeen chan to Shine and the County Cricket network. The Youth Advisory Board Is an advisory board comprised of 16 young people aged 16-24 whose role is to ensure that the youth Vol is heard in helping to shape the future of Chance to Shine's strategy, programmes and work with young people. Each of the Trustee Committees has a documented remit that has been reviewed and agreed by the Board and can be viewed, along with current membership, on our website EXECUTIVE AND SENIOR MANAGEMENT The day-to-day management of Chance to Shine Foundation Ltd is delegated to the Chief Executive, Kate Stephens. She is supported directly by Chris Baker, Director of Fundraising (from I December 2025); Katie Fawkner-corbett, Director of Strategy and Impact (from l January 2026); Vanessa Greene, Director of Strategy and Fundraising {until 30 November 2025); Ross Jeavons, Dirertor of Communications & Digital; Steve Peyman, Director of Operations and Nicholas Platt, Director of Finance & Resources. RISK MANAGEMENT Chance to Shine has a formal risk management process through which the Senior Management Team Identifies the major risks to which the organisation may be exposed and has ranked these by likelihood and impact, culminating in a risk control document which is updated on a regular basis. All significant risks, together with current mitigation actions, are reviewed regularly throughout the year by the Audit and Risk Committee and the Board of Trustees. Durlng the year the Senior Management Team, alongside the Audlt & Risk Committee, conducted a full VIeW of the organisation's risks. The current principal risks and uncertainties identified by the charity are: Strategy becomes mlsaligned with that of key funding partners Insufficient fundraising to achieve delivery plans The quality of activities delIve Is not of the standard associated with Chance to Shine's brand Incident at a Chance to Shine Session or event (e.g. serious injury or safeguarding) The Trustees are satisfied that systems have been developed and are in place to manage and mitigate identified risks to an acceptable level should these risks materialise. Page 17
CHANCE TO SHINE FOUNDATION LTD C14ANCE 70 SHINE TRUSTEE DIREcfoRS' REPORT - year ended 30 September 2025 RESPONSIBILITIE STATEMENT OF TRUSTEE DIRECTORS. RESPONSIBILITIES The trustees (who are also direttors of Chance to Shine Foundation Ltd for the purposes of company law) are responsible for preparing the trustees. annual 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 charitable company and group and of the incoming resources and application of resources, including the income and expenditu, of the charitable company or group for that period. 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 and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going conrn basis unless 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 charitable company 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 charitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irgUIaritie5. In so far as the trustees are aware- There is no relevant audit infomiation of whlch the charitable company's auditor Is unaware The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audlt Information and to establish that the auditor is aware of that information The trustees are responslble for the maintenance and integrity of the corporate and financlal Informatlon included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemlnation of financial statements may differ from legislation in other jurisdictions. Members of the charity guardntee to contribute an amount not exceeding £1 to the assets of the charity In the event of winding up. The total number of such guarantees at 30 September 2025 was 12 (2024:12)- The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. Audltor Sayer Vinnt LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity. The directors. annual report has been prepared in accordan with the special provisions applicable to companies subject to the small companies, regime. The trustees. annual report ha5 been approved by the trustees on 29 January 2026 and signed on their behalf TIM Score, Director Page 18
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CHANCE TO SHINE FOUNDATION LTD Oplnlon We have audited the financial ststements of Chance to Shine Foundation Ltd (the'parent charitable company,) and its subsidiary (the 'group') for the year ended 30 September 2025 which comprise the consolidated statement of financial activities, the group and parent charitable company balan sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, ncluding FRS 102 The Financlal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prartice). In our opinion, the financial statements: Give a true and fair view of the state of the group's and of the parent charltable company's affairs as at 30 September 2025 and of the group's resources and applicatlon of resources, including its income and expenditure, for the year then ended Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi Have been prepared in accordance wlth the requlrements of the Companies Act 2006 and the Charities Act 2011 Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the group financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requlrements that are relevant to our audit of the financial statements in the UK, includlng 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 conrn basis of accounting in the preparation of the financial statements 15 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 Chance to Shine Foundation Ltd.'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 SponsIbl11t1eS and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Inforniation The other information comprises the information included in the trustees. annual pOrt, other than the group financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group 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 is materially inconsistent with the group 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 group financial statements themselves. Page 19
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CHANCE TO SHINE FOUNDATION LTD If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we a required to report that fact. We have nothing to report in thi5 regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audlt: The Information given in the trustees. annual report for the financial year for which the financial statements are prepared is consistent with the financial statements The trustees, annual report has been prepared in accordance with applicable legal requirements Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees, annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion: Adequate accounting records have not been kept by the parent charitable companyi or returns adequate for our audit have not been received from branches not visited by us. or The parent charitable company financial statements are not in agreement with the accounting records and retums- or Certain disclosures of trustees. MUneratIon specified by law are not made. or We have not received all the information and explanations we require for our audit. or The directors 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, annual report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities set out in the trustees, annual report, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for belng satisfied that they give a true and fair view, and for such intemal control as the trustees determlne is necessary to enable the preparation of financial statements that are free from material misstatement, whether dLte to fraud or error. In preparlng the flnanclal statements, the trustees are responsible for assesslng the group's and the parent charitable company's ability to continue as a going concern, disclosings as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltorfs responslbllitles for the audit of the financial statements We have been appointed auditor under the Companies Act 2006 and section 151 of the Charltles Act 2011 and report in accordance with those Acts. Page 20
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS AND TRUSTEES OF CHANCE TO SHINE FOUNDATION LTD Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs 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 exist5. 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. Irregularltles, including fraud, are instances of non-complian with laws and gUlations. We design procedures in line with our spOnSIbl11t1e$, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below. Capability of the audit in detecting irregularities In identifying and assessing risks of material misstatement in respect of Iegular1ties, including fraud and non-compliance with laws and regulations, our procedures included the following.. We enquired of management and the audit committee, which included obtaining and reviewing supporting documentation, concerning the group's policies and procedures relating to: Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; Detecting and responding to the risks of frdud and whether they have knowledge of any actual, suspected, or alleged fraud; The internal controls established to mitigate risk5 related to fraud or non-compliance with laws and regulations. We inspected the minutes of meetings of those charged wlth governance. We obtained an understanding of the legal and regulatory framework that the group operates in, focusing on those laws and regulations that had a material effert on the financial statements or that had a fundamental effect on the operations of the group from our professional and sector experience. We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. We reviewed any reports made to regulators. We viewed the financial statement disclosures and tested these to supportlng documentation to assess compliance with applicable laws and regulations. We performed analytical procedures to identify any unusual or unexpected latIOnShIpS that may indicate risks of material misstatement due to fraud. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non- compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding Irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council'5 webslte at: www.frc.org.uk/auditorsresponsibilitles. Thls descriptlon forms part of our auditorfs report. Page 21
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS AND TRUSTEES OF CHANCE TO SHINE FOUNDATION LTD 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 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to 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 oplnlons we have formed. Jonathan Orchard (Senlor statutory auditor) Date.. 6 February 2026 for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, London, ECIY OTG Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Att 2006 Page 22
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE CONSOLIDATED STATEMENT OF FINANCIAL AcrivrrIES FOR THE YEAR ENDED 30 September 2025 2024125 Total Funds £'ooo 2023124 Total Funds £'ooo Unrestrlcted Funds £'ooo Restrirted Funds £'ooo Notes Income from: Donations, grants and legacies Activities for raising funds Investment income 1,304 358 154 5,824 7,128 358 154 6,055 303 iii Total income 1,816 5,824 7,640 6,469 Expenditure on: Raislng funds Costs of generating voluntary income Fundraising tradlng Charitable activities 472 289 282 477 949 289 6,885 928 226 6,289 6,603 Total resources expended 1.043 7.080 8,123 7,443 Reserves transfer (838) 838 Net movement in funds (65) (418) (483) (974) Fund balance brought forward at i October 2024 4,552 810 5,362 6,336 Fund balance carried forward at 30 September 2025 4.487 392 4,879 5,362 The notes on pages 26 to 39 form part of these accounts. Page 23
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE BALANCE SHEET AT 30 September 2025 Group 2025 £'ooo Group 2024 £'ooo Company 2025 £'ooo Company 2024 £'ooo Notes Tangible fixed assets Marketing equipment Total fixed assets Current assets Debtors Bank and other cash deposits Total current assets 13 14 750 455 724 441 5,681 5,838 5,556 5,658 Current liablllties Creditors.. amounts falling due within one year 15 {802) (476) (735) (374) Total assets less current liabilities 4,879 5,362 4,821 5,284 Creditors: amounts falling due after more than one year Total net assets 4,879 5,362 4,821 5,284 Represented by: Restricted funds Unrestricted funds Designated fund 16 16 16 392 3,417 1,070 810 3,135 1,417 392 3,359 1,070 810 3,057 1,417 Total funds 4,879 5,362 4,821 5,284 The company's result as a single entity was: income £7,398,000 and a deficit of £463,000 (2023124.. income £6,346,000 and a deficit of £902,000). The notes on pages 26 to 39 form part of these accounts. The financial statements were approved and authorised for issue by the Board of Trustee Directors on 29 January 2026 and signed on their behalf by: T Score D Walker Dlrector Director Company registration number: 06441426 (England and Wales) Page 24
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 September 2025 2024125 £'ooo 2023124 £'ooo Net cash Inflow/(outflow) from operating actlvltles ci {606) (95) Investing activlties Investment income receipts 154 iii Increase/(decrease) in cash in the year C2 (452) 16 Cl Reconciliation of changes In resources to net inflow from operatlng activities 2024125 £'ooo 2023124 £'ooo Net incoming/(outgoing) resources (483) (974) Depreciation charge Investment income (154) (iii) Decrease/(increase) In debtors Incase1[ecreaSe) in creditors (295) 326 908 80 Net cash inflow/(oufflow) from operating activities (606} (95) C2 Analysis of changes in net cash resources 30 Sep 2024 £'ooo Cash- Flow £'ooo 30 Sep 2025 £'ooo Current accounts 5,383 (452) 4,931 The notes on pages 26 to 39 form part of these accounts. Page 25
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 Accounting policies Basis of preparatlon The financial statements are prepared under the historical cost convention as modified to include the revaluation of investments at market value, and in accordance with the Statement of Recommended Practi for Charities (SORP 2015) (Second Edition, effective l January 2019) and applicable accounting standards (FRS 102). The charlty is a Public Benefit Entity as defined by FRS 102. Golng Concern The trustees consider that there are no material uncertainties regarding the charity's abillty to continue as a going concern. The review of our financial position, reserves level, bank balances, budgets, cash flow forecasts, future plans and assessment of risks, gives the trustees confidence the charity remains a going concern for the foreseeable future. Critical accounting judgements and estimates En preparing these financial statements, management has made judgements, estimates and assumptions that affect the application of the charity's accounting policies and the reported assets, liabilities, income, expenditure and the disclosu$ made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly Ilquid investments wlth a short maturity of twelve months or less from the date of acquisltlon or opening of the deposit or simllar account. Flnancial instruments The charity only has financlal assets and financial Ilabilities of a kind that qualify as basic rinancial instruments. Basic financial instruments, Including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value. Debtors and prepayments Delivery partner prepayments have been recognlse(I where funding has not been spent in the period for which it was granted. Prepayments will be deducted from the next payment due. Creditors and provisions Creditors and provisions are recognised where the charity has a psent obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Foreign currency translation The charities functional and presentational currency is pound sterling. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies a recorded at the rate ruling at the date of the transaction. All differences are recognised In the Statement of Financlal Activities. Page 26
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 September 2025 Group accounts These financial statements consolidate the results of the Company and its wholly owned subsidiary Chance to Shine Enterprises Mited on a line-by-line basis. A separate statement of financial artivities and income and expenditu account are not presented for the Company itself following the exemptions afforded by Section 408 of the Companies Act 2006. 1.10 Fund pollcy Income declared and received for specific charitable purposes Is allocated to Restricted Funds, and its use is restricted to expenditure on those purposes only. General unspecified funds received are categorised under Unrestricted Funds and spent in furtherance of the Company's objects. 1.11 Employee benefits Short term benefits - Short term benefits including holiday pay are recognlsed as an expense in the period in which the service is received. Employee terminatlon benefits Termination benefits are accounted for on an accrual basis and in line with FRS 102. 1.12 Pensions The Group contributes to the ECB Group Penslon scheme, a defined contributlon scheme, for its qualifying employees. Contributions are charged against income a5 they become payable. 1.13 Incoming resources Voluntary income including donations, gifts and grants that provide core funding or are of general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Entitlement to income is considered when there is a formal and unconditional written offer. Verbal pledges are recognised when the donation is reived. Income is only deferred when: The donor specifies that the grant or donation must only be used In future accounting periods; or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Gift aid and deed of covenant Income resulting from membership is accounted for on a receivable bas15. Income from commercial activities is recognised on a receivable basis, according to contract or invoice. Income from fundraising events is recognised when the event has taken place, wlth Income from auctions held at events recognised when the auctioned item has been reiVed by the bidder. Investment income is recognised on a receivable basis. Legacy income is recognised at the earlier of refjpt or when the charity has been notified of its entitlement, probate has been granted, and estate accounts have been provided enabling the charity to measure the value of its entitlement reliably. Where the criteria for income recognition have not been met for legacies which have been notified to the charity, the income is treated as a contingent asset and the total disclosed in the Notes to these accounts if material. Page 27
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 1.14 Resources expended Expenditure is included on an accruals basis. Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional and such conditions are set by the Trustees, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants are only made to institutions. Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable expenditu comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Include staff, office administration and other overhead costs of the central function and have been allocated to activities on a basis consistent with the use of resources. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. per capita or staff time. Govemantt costs include those incurred in the governance of the Group and its assets and a primarily associated with constitutional and statutory requirements. Donated goods and services are included both as voluntary income and as expenditure under the relevant heading in the Statement of Financial Activities, at values estimated to equal the expense saved. Voluntary income and the analysis of expenditure do not include the contribution of volunteers, or the value of discounts on purchases, unless the relevant discount clearly represents a charitable donation. Any part of a grant to a delivery partner which is not spent in the year for which it was granted, is accounted for as a prepayment and will be subtracied from their next grant payment. 1.15 Tanglble fSxed assets Fixed assets a stated at cost less accumulated depreciation. Depreciation 15 provided on tangible fixed assets at rates calculated to write off the cost of each fixed asset over the estimated useful life using the following rates: Office equipment and fixtures: Marketing equipment: 33.3% per annum 50% per annum Assets individually costing more than £2,000 would be subject to capitalisation under this policy. 1.16 Operatlng leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred. Rent is charged on a straight line basis over the course of the lease. 1.17 General information The charity is a company limited by guarantee, incorporated in England and Wales {company no. 06441426) and a charity registered in England and Wales (charity no. 1123385). Its registered address is Holborn Tower, 137-144 High Holbom, London, WCIV 6PL. Page 28
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 September 2025 Donations and grants 2024125 £'ooo 2023124 £'ooo Glfts, donations and grants Legacies Donated goods and services Gift aid England and Wales Cricket Board grants Government grants - Sport England 1,864 142 1,452 122 4,015 985 84 3,524 985 7,128 6,055 Actlvltles lor ralslng funds This income in 2024125 relates solely to revenue raised by Chance to Shine Enterprises Limited, including trading activities undertaken with commercial partners and from a number of fundraising events. 2024125 £'ooo 2023124 £'ooo Sponsorship agreements Other commercial activities Fundraising events 138 86 220 211 358 303 Total external fundraising Chance to Shine's annual fundraising targets are set and monitored by the Board against total external fundraising, incorporating donations, gifts, gift aid, commercial income, sponsorshlp income and investment income. 2024125 £'ooo 2023124 £'ooo Gifts and donations (induding gift aid) Commercial and sponsorship income Investment income 2,128 358 154 1,546 303 iii 2,640 1,960 Investment Income 2024125 £'ooo 2023/24 £'ooo Interest on bank and other cash deposits 154 iii Page 29
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 staff costs and numbers 2024/25 2023/24 Average number of employees 31 27 £'ooo £'ooo Salaries and wages Social security costs Pension costs Other staff costs 1,430 173 138 54 1,236 136 128 45 1,795 1,545 Other staff costs comprise car lease, recruitment costs and costs of a private medical scheme. The number of employees at 30 September 2025 was 33 and the average number of employees throughout the year was 31. The average number of employees, expressed as Full fime Equivalents, was 30 (2023124: 27). The table below shows these totals by activity: 2024125 13 2023/24 li Charitable activities - operations management Fundraising trading Public relations and communicatlons General management, fundraising & finan io 30 io 27 The table below shows the number of higher paid employees with emoluments falllng In the following ranges (on a full annual basis). Emoluments include salary, bonuses and taxable benefits in kind and other payments made to employees. 2024125 Total 2023124 Total £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £IOO,000 to £109,000 £iio,000 to £119,000 £120,000 to £129,000 The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel of the group were £522,291 (2023124: £496,427). All of this relates to key management personnel of the charity. The key management personnel of the group during the period are considered to be: Chief Executive, Operations Director, Director of Finance and Resources, Director of Communications and Digital, Director of Strategy and Fundraising and Director of Strategy. Contributions in the year to the ECB defined contribution Group Pension scheme were £52,655 {2023124.' £55,538) for higher paid employees. Page 30
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CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 Grants to institutions Chance to Shine awards grants to their partners to deliver its Schoo15 and Street programmes. All grants are made to institutions, which include all the County Cricket Boards, and no grants are made to individuals. The total of grants made to the 41 (2023124: 42) institutions wa5 £5,352,000 (2023124.. £5,035.000) in the following ranges: 2024125 Cambridgeshire, Cornwall, Cricket Scotland, Cumbria, Dorset. Herefordshire, Isle of Wight, Marylebone Cricket Club, Suffolk, Wiltshire 2023/24 Cambridgeshire, Cornwall, Cricket Scotland, Cumbria, Dorset, Herefordshire, Isle of Wight, Marylebone Cricket Club, Suffolk, TSA Sport & Education Wiltshire Buckinghamshire, Cricket East, Devon, Hertfordshire, Leicestershire, Lincolnshire, Norfolk, Northamptonshire, Nottinghamshire, Oxfordshlre, Shropshire, StreetGames Berkshire, Derbyshire, Durham, Hampshire, Northumberland, Somerset, Sussex, Worcestershire Cheshire, Gloucestershire, Kent, Middlesex, Staffordshire £0 to £49,999 £50,000 to £99,999 Devon, Hertfordshl, ncolnshire, Norfolk, Northamptonshire, Nottinghamshire, Oxfordshire, Shropshire, StreetGames £IOO,000 to £149,999 Berkshire, Buckinghamshire, Cricket East, Derbyshire, Leicestershire, Northumberland, Somerset, Worcestershire Cheshire, Durham, Essex, Gloucestershire, Hampshire, Staffordshire Sussex £150,000 to £199,999 £200,000 to £249,999 £250,000 to £299,999 Essex Cricket Wales, Warwlckshire, Yorkshire Surrey Kent, Middlesex, Warwickshire, Yorkshire Cricket Wales Surrey Lancashi £300,000 to £349,999 £350,000 to £399,000 £550,000 to £599,000 Lancashire io Other costs 2024/25 2023124 £'ooo £'ooo Audltors, remuneration current year prior year non-audit services 15 15 Page 33
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 September 2025 li Tanglble fixed assets - Group and Company Marketing equipment £'ooo 2025 Total £'ooo Cost At l October 2024 Add: additions Le55: disposals At 30 September 2025 Depreclatlon At l October 2024 Charged in the year Disposals At 30 September 2025 Net book value At 30 September 2025 At 30 September 2024 12 Subsidiary undertaklng The charity owns the whole of the issued ordinary share capital of Chance to Shine Enterprlses Limited, a company registered in England. The company number is 05105487. The registered office address is Holborn Tower, 137-144 High Holbom. London WCIV 6PL. The subsidiary is valued at the original nominal value of £1 and hence does not appear separately on the Balan Sheet. A summary of the results of the subsidiary is shown below: 2025 £'ooo 2024 £'ooo Turnover Direct costs 358 (166) 192 303 (103) 200 Gross profit Administrative expenses Management charge payable to parent undertaking Operating profit Interest receivable Profit for the flnanclal year Retained earnlngs Total retained earnings brought forward at i October Profit for the financial year Distribution under Gift Aid to parent charity Total retained earnings carried forward at 30 September (97) 39 56 (92) 35 73 58 78 78 58 (78) 150 78 (150) 58 78 Aggregate of assets and Ilabilities and reserves Assets Liabilities Reserves 228 170 58 195 117 78 Page 34
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 13 Debtors Group Company 2025 £'ooo 2025 £'ooo 2024 £'ooo 2024 £'ooo Voluntary income receivable Fundraising events Glft Aid receivable Commercial activities Prepayments Accrued income Other debtors 79 52 79 52 33 16 439 180 41 33 41 268 83 439 172 264 82 750 455 724 441 Prepayments include amounts COVerable from delivery partner grants, due to underspend in projects of £393,000 (2023124: £188,000) that will be offset against future funding. 14 Bank and other cash deposits Group 2025 £'ooo Company 2025 £'ooo 2024 £'ooo 2024 £'ooo Cash in hand Fixed term deposit and notice accounts (< l year) 1,760 3,171 2,362 3,021 1,661 3,171 2,196 3,021 4,931 5,383 4,832 5,217 15 Credltors: Amounts falllng due wlthin one year Group 2025 £'ooo Company 2025 £'ooo 2024 £'ooo 2024 £'ooo Amount due to subsidiary Deferred income Taxation & social security Trade creditors Accruals 102 15 67 16 340 379 72 305 98 289 344 265 94 802 476 735 374 Page 35
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 Creditors: Amounts falling due withln one year (cont.) Deferred income analysis Group 2025 £'ooo Company 2025 £'ooo 2024 £'ooo 2024 £'ooo Brought forward Released in year New deferrals Carried forward 72 (68) 63 67 87 (66) 51 72 16 Movement In funds Reserves Income Costs Reserves Reserves brought 2024125 2024125 Transfer Carried fonvard In/(Out) Forward £'ooo £'ooo £'ooo £'ooo £'ooo Restricted funds Chance to Shine Chance to Shine Schools Chance to Shine Street Digital Portal (Fidelity) Primary Schools (ECB) Street (ECB) street (Sport England) 378 378 677 1,003 122 3,540 375 985 7,080 238 541 45 3,640 375 985 5,824 469 369 30 19 43 300 112 120 200 810 838 392 Unrestricted funds General funds Designated fund Total funds 3,135 1,816 1,043 (491) 347 3,417 1,070 4,879 5,362 7,640 8,123 Movement in funds prlor year Reserves Income Costs Reserves Reserves brought 2023124 2023124 Transfer Carried forward In/(Outl Forward £'ooo £'ooo £'ooo £'ooo £'ooo Restrlcted funds Chance to Shine Chance to Shine Schools Chance to Shine Street Digital Portal {Fidelity) Primary Schoo15 (ECB) street (ECB) Street (Sport England) 980 602 973 699 22 2,949 375 985 378 789 344 188 279 142 3,149 375 985 112 120 200 810 Unrestricted funds General funds Designated fund Total funds 3,568 1.600 6,336 1,355 838 (950) {183 3,135 1,417 5,362 6,469 7,443 Page 36
CHANCE TO SHINE FOUNDATION LTD CHANC£ TO SHINE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 September 2025 Movement in funds {cont.) Unrestrlcted fvnds comprise those funds which the Trustees are free to use in accordance with the Company's charitable objectives. During the period £647,000 was transferred from the designated fund to support the knmitless Futures strategy (2024-2028) and in September 2025 Trustees designated a further £300,000 to invest in the next phase of the strategy {2024- 2028). There was also £491,000 transferred from general funds to cover the costs restricted to the Chance to Shine Schools and Street programmes. The Chance to Shine restricted fund consists of reserves restricted to be spent on Chance to Shine Foundation Ltd's charitable programmes that do not apply to specific charitable activities. This ftjnd can be used to cover costs of any of the charity's existing programmes. The chan to Shine Schools restricted fund represents Income and costs restrlrted to the Chance to Shine Schools programme. £469,000 was transferred from unrestrirted funds to cover costs on the programme. The chan to Shine Street restricted fund represents income and costs restritted to the Chance to Shine Street programme. £369,000 was transfer from unrestricted funds to cover costs on the programme. The Digital Portal (Fidelity) restricted fund repsents funding from the Fidelity Foundation restricted to developirsg the Chance to Shine Digital Portal. The Primary Schools (ECB) restricted fund is funding from the England and Wales Cricket Board restricted to the primary school part of the chan to Shine Schools programme. The Street (ECB) restrirted fund is funding from the England and Wales Cricket Board restricted to the Chance to Shine Street programme. The Street (Sport England) restrfirted fund is Lottery funding whlch Is restricted to the Chance to Shine Street programme. 17 Analysls of net assets between funds Unrestricted Designated Restricted funds funds funds £'ooo £'ooo £'ooo Total funds £'ooo Funds balan at 30 September 2025 a represented by: Net assets 3,417 1,070 392 4,879 392 Unrestrlrted Designated Restrlrted funds funds funds £'ooo £'ooo £'ooo Total funds £'ooo Funds balan at 30 September 2024 are represented by: Net assets 3,135 1,417 810 5,362 810 Page 37
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 September 2025 18 Taxation The Company is a reglstered charity and Is entitled to the exemptions from tax afforded by sections 505 ICTA and 256 TCGA 1992 as far a5 its income and gains are applied for charitable purposes. 19 Related party transactions There were no related party payments during the period (2023/24: £35,498 to Youth Sport Trust and £375,067 to Surrey County Cricket Club Limited). The total amount of donations received from Trustees in the year was £12,517 (2023124: £31,755). 20 Operating lease commitments payable as a lessee Property 2025 £'ooo 2024 £'ooo Less than one year 41 41 Page 38
CHANCE TO SHINE FOUNDATION LTD CHANCE TO SHINE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 September 2025 21 COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 2023/24 Total Funds £'ooo Unrestrlcted Funds £'ooo Restricted Funds £'ooo Income from: Donations and grants Activities for raising funds Investment Income 941 303 iii 5,114 6,055 303 iii Total income 1,355 5,114 6,469 Expendlture on: Raising funds Costs of generating voluntary income Fundraislng trading Charitable activities 305 226 307 623 928 226 6,289 5,982 Total resources expended 838 6,605 7,443 Reserves transfer (1,133) 1,133 Net movement in funds (616) (358) (974) Fund balance brought forward at i October 2023 4,552 810 5,362 Fund balance carried forward at 30 September 2024 4,552 810 5.362 Page 39