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
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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
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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 se￿ices 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
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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. Refe￿nce 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.
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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.
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CHANCE TO SHINE FOUNDATION LTD
CHANCE
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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 a￿aS 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 obse￿ed the teams firsthand throughout the
competitions.
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CHANCE TO SHINE FOUNDATION LTD
CHANCE
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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.
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CHANCE TO SHINE FOUNDATION LTD
. CHANCE
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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 p￿VIouS 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.
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CHANCE TO SHINE FOUNDATION LTD
CHANCE
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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.
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CHANCE TO SHINE FOUNDATION LTD
CHANCE
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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
han￿tOshln
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.
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CHANCE TO SHINE FOUNDATION LTD
CHANCE
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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 W￿bsite. 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
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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 st￿et 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.
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CHANCE TO SHINE FOUNDATION LTD
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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 per￿ntage 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.
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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.
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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 conferen￿5 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 cUr￿nt 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 con￿rn 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 ir￿gUIaritie5.
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 Vin￿nt 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 con￿rn
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 I￿egular1ties, 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
Inc￿ase1[￿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 p￿sent 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 re￿ived. 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
re￿iVed by the bidder.
Investment income is recognised on a receivable basis.
Legacy income is recognised at the earlier of re￿fjpt 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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InavLLLLUa < O

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 rep￿sents 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