COMPANY REGISTRATION NUMBER.. 07017640
CHARITY REGISTRATION NUMBER: 1133120
Chess in Schools and Communities
Company Limited by Guarantee
Trustees, Report & Financial Statements
31 August 2025
FLINTHAM MACKENZIE AUDIT LIMITED
Chartered accountants & statutory auditoi
277-279, Chiswick High Road
London
W4 4PU

Chess in Schools and Communities
Company Limited by Guaranteg
Flnancial Stateménts
Year ended 31 August 2025
Page
Trustees, annual report (incorporating the directorfs report>
Independent auditrrfs report to the members
Consolidated Statement of financial activities (including income
and expendiiure account)
Consolidated Ststement of financial position
14
21
Charity Statement of financial position
Statement of cash flows
Notes to the financial statements
24

Chess in Schools and Communities
Company Limited by Guarante8
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 August 2025
The trustees, who are also the directors for th8 purpuses of company law, present their report and th8
financkgl statements of tha charty for the year end8d 31 August 2025.
Chalrfs roport
Rtrferen￿ and admln18tratlve details
R8glst•red charity nam
Chess in Schools arKI ComTnunities
Charlty registration number
1133120
Cornpany reglstration number 07017640
Principal office and registornd 44 Baker Street
t)fflce
London
W1U 7RT
The trustè8s
Stephen Meyler
PJison Sharp
William Walson
Isabel Keen
stephgn O'connell CBE
Christoph&r John Clark
{Appoinled 12 FebTuary 2025)
Audltor
Flintham Mackenzie Audit Limited
Chartereé accountsnts & statutory auditor
277-279. Chiswick HNJh Road
London
England
W4 4PU

Chess in Schools and Communltles
Company Limitsd by Guarantee
Trust886' Annual Report (Incorporating the Directorfs Report) (￿th￿Qd)
Year ended 31 August 2025
8tructUrn¥ gov•rnanco and managemont
The Trustses presènt their annual report together wtih the audited financial ststements of charity for
the year ended 31 August 2025. The annual rep(wt serves the purposes of both a Trustees, reF)Ort and
direclDrs' r8port under company law. Thg Tntstees confimi Ihat the annual report and financial
statements of the charitatAe company comply with Ihg current statutory requlrements. the
requirements of the charitable ￿Mpan￿5 gov8ming d(tument and the provisions of the Statement of
Recommended Practice (SORP) appluble to charfdes preparing their accounts in acwrdance wilh
the Financial Rewrting Stsndard ap[AiCab￿ in th8 UK and Republic of Ireland {FRS102) (effective 1
January 2019). Since the group and the charity qU81ify as small und8r se¢iion 383 of the Companigs
Act 2006. the group slrategic report required of medium and large companies under the Companigs
Act 2006 Istslegic Re￿t and Directors, RepDrtI Regulalbons 2013 has been omitted.
. Conslltutlon
Chess in Schools and Communtties is register&1 ag 8 charitatJe company limited by guarantee and
was set up by a Memorarsdum ofAs50cialion daied 14 September 2009.
b. Methods of appointmont or olgctlon of Trustees
The management of the Group and th& charity is the responsiknlity of the Trusl80s who ar8 elected
and C￿0p1ed urider the teryns of the Memorandum of Associallon.
¢. Oryanlsafjonal structure and decision-making policies
The day-to-day running of the organisation is delegated to senior staff comkyising.. the Chief Executive
and the Chief Operating Officer who are part of a four-persor¢ SMT. In 2016 the charity appointe(J a
Head of Safeguarding. In 2025 the charity appointsd a Deputy Head of Safeguarding and expanded
the London team lo 6 staff.
The Trustegs meet regularfy to discuss issues of strategic direction wncemirvJ the model for Chess
teaching in schwls, fund raising strategies and public affairs. The Trustee meetings detem)Ine the
strategic plan. consider performance against Ihe plan. maSrrtain the risk register approve Ihe
budget p￿Parad by the Chief Executive.
d. Policies adoptod forthe induction and trnlnlng of Twstees
Trustees are given an introductlon to the organisation and the role of a Trustse by the Chief Executive
and Chief Operating Officer through attendan¢* at regular Trustee meetings, charity fundraising
activlbes and events a&sociated with the delivery of the core programme. All new Trustees are given a
copy of the Charity Commission's publication CC3 whiL* describes their legal duti8s and
responsibilities. Trustees rec&ive a comprehensive uwlate from the Chlef Executive times a year
and relevant documentation induding end of term reports, fund raising, schcd contributions,
perfomiance against strategic plan, reports from individual bor(yJghs, press cuttirMJs and UFKJatss on
charivs public affairs campaiqn. Tnjstees also attend the Charit￿$ fiagship 8venL the London
Chess ClassiG detaiL% of which are at véww.londonchessclassic.com. The Chair of Trustees is also
invited lo the annual Senior Sl8ff meeting.
e. Ramuneratlon policy
The Chief Executlve afmj Chief 0￿rating Officer complete a review of all stairs remuneration,
r￿U￿1ng Senior Management, taknng into account the economK indicators and the charity salary

Chess in Schools and Communities
Company Llmlted by Guarantse
Trustees. Annual Report (Incorporating tho Directorfs Report) (¢tsnllTru•dJ
Year ended 31 August 2025
market. The Board of Trustees will revi￿ the CEO and CO(Ys remuneration, using comparable
organisations as a benchmark.
f. Flnanclal rlsk managernont
The Trustees have assessed the Malc￿ risks to which the Group and the charity are exposed, in
parti(JJlar those relatgd to Ihe operations 8nd financ8s of the Group 8nd the charity, and are satksfied
that systems and procedures are in place to mitigate extKtsure to the major risks

Chess in Schools and Communities
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (wndnu•dJ
Year ended 31 August 2025
objèctiv￿ and actlvltles
Objoctlves
The charivs objects per the Memorandum of Associati￿ are:
The advancement of education for the publie benefft by promoting the mental and moral
development and improvement of young people, in particular those who are socially and
economically disadvantaged. through the promotic￿, teaching. coaching, playing and
c4Jmpetition of chess.
The advancement of amateur swrt, including th8 encouragement of community participation,
for the public beneK through the promotton, teaching, coaching. playing and wmp9tition of
chess.
Th8 promotion of social inClus￿n for the publlc benefft through the promolion. teaching,
coaching, playino and competition of Chess among those who are socialty excluded as a result
of unemploym8nL finanaal hardship. ag8. ill healih or disability.
These objgctives are pursued by the delivery of weekly chess lessons and after sch(K)Is' dubs
by CSC tutors and volunteers. the provision of chess sets. equipment and our curriculum lo all
schools. librar￿ and yOLth clubs which join our scheme. The organisalion of tournaments in
I￿￿1 boroughs and the London Ch8ss Classic. The charity works princip811y In boroughs with
a high prOpo￿On of children ellgible for Pupil Premium 8nd boroughs wilh hbh level of
deprivatlon as measured by the Index of Multtple Deprivation.
b. Aclfvlties undertakon to achlava obj8¢tive$
The principal objectNes for the 202412025 academic year were managed growth in the core activity, to
substantially expand the prison programme which had begun to gain momentum in 23124 after b8ing
halted during Covid and securing a major oorporate sponsor for core activity as w811 as furth8r
developlng our mass participation events. The charity also soughl lo expand in Ihe West MKllands. To
support the expansion, training courses and tulor recruiiTnenl drives were held around th8 country and
the charty engaged new trainers as well as vigorously prorTh)ting its CPD courses for scho01t￿h8rS
and TAS in supported schools.
The schools, growth target was achieved and follov¢ing a meeting bekneen the Chief Executive and
the prisons minister, the prison programme gained momentum with not onty more weekly clubs
established. but also greater participation by prisons in online compgtit#)n.
Th& number of number of schools with weekly ches5 aCti￿ty grew lo 336, with Reglonal Organisers
repcfftlng healthy rat8s of renewals and new schools joining the prcgrammo. To support the oxtra
activty and further future expansion, new Regional Coordinators were appointed in Saword,
Gloucestershire. West Wales, Newcasue. London and Cumbria. To assist in expansion in the West
Mldlands, a member ofthe head Offi￿ staff look over the role of Rggional Org8nise.
The charity algo focused on incraased efft)rts lo racruil tutors trom universities and college5.
particularty In London and Birmingham.
Many schools that had chosen to deploy fund5 recelved from the Department for Educa￿Oft to fund a
Csc-led programme were retained into the 25126 academic year. There was a steady flow of
requests from schools for chess equipment, our curriculum and leacher training. Interest from Ilbraries
was particulady strong after the programme recovered slowly after cowd in the previous tsvo years.
Thanks to the charitys strong financial FK)sitlon. fees charged to sthools remained broadly the same
as in the previous three years or wer8 increased marginalty. The charty instrtuted a pay increase for
tutors.

Chess in Schools and Communities
Company Limited by Guaranteo
Trust888' Annual Report (Incorporating the Dlrectorfs Report) (conllnu8dJ
Year ended 31 August 2025
Thè chaty continued to support all state schools and libraries, 230 in all, wlv) requested help in the
form of equipm8rt learning materials. consultancy, tgacher training or tutor and R8gional Organiser
Vlsits. We also expanded wr links wilh local authorities and Academy Twsts by running bespoke
tournaments around the county.
The APPG on Chess was successfully reegtabllshed and began to lobby the government to rginstilute
the support for chess that was initiated in 2023. All in all. a very good year.
Training
Nine trainlng courses w8re held across the county in London (31. Preston. LNerpool. Leeds. Bristol,
Manchestgr and Bim)ingham. and Iwo online courses. A totsl of 124 delegates attended. The charity
has engaged a third trainer for the 25126 academic y8ar. Th8 ftjlkday courses are slmullaneous
designed for teachers and th85s players and cover present3￿n techniques. classroom managem&nt
skills, and safeguarding material as well as our currl(JJlum. The CPD ccwrse. lasting Iwo hours, is
offered to every participatlng school or supported sthool and B designed for teach8rs who wish lo run
a chess dub. The chartty continued to encourage lutots to further their professional development by
Pa￿￿pat1￿j In the more advanced course8 offered by the European Chess Union.
Newham
Th8 collaboratyjn wth Newham Borough Councll gog5 back to the early year5 of the charity. A subsidy
from the council enables the chartty to allocato an RO sPec￿callY lo Newham and lo glv8 schools in
the borough extra lessons and toumament opportunbties. More schools joined the programme in
24125, and another successful end of year t(yJrnam8nt was staged at Stratford Town Hall in June
2025. The charity is grateful for the continuing support of N8wham Borou￿ Council. The arrawemenl
was renewed for 25126, despite funding pressures.
Liverpool
The charity continued to expar¥J on Merseyside. thanks in part to the successful eff¢Xts of the Chiaf
Executive to secure significant sponsorshlp from local government and business. The *Jnds were
deployed both to bring th8 2025 Brftish Chess ChampionSh￿)S to the uty and to create a month-long
wraparound festival. beginning with Ch&ssFest LiverpL¥JI. Funds were a150 secured to add new
sch(M)Is and libraries lo the chariVs nefv￿rk in Liverprx)l. The charity would like lo record its
gratitLMle to LivertM)ol City Council for its continuing SUPFM)rt and to Ihe LNerpool BID Company for its
support of the chess festival.
Once again. the annual CSC M8rseyside toum8ment was staged Ni the splendKI surroUndw￿9 of th6
hlstoric St Georges Hall with over 300 children. Du8 to increasing demand, the charity supported the
creation of a second after-school junior chess dub in South Liverpool to compl&ment the one in Norlh
Liverpool Academy. The chartys first Centre of Exc811ence was inauguratsd al Whitefigld Primary
School enabling CSC tutors to a￿sS leachin9 skilLs frc#n staff while the school beneffts from extra
CSC provision. The school surprised thgir Pgers when they won the schools, competition at the
London Chess Classic ahead of 20 other schoo15, many wilh a far longer chess tradition. When news
of thls achievement spread amongst the local community, LTverpool Football Club kindly agreed to
give the children a stadium tour as a a reward for their exceptional achievement. U'verpool is now the
second largest CSC project after London and the largest in any borough.
sch¢￿1 toumarnenls
The CSC Grand Prix continued to operato at full capacity. with 6v6ry lourroment a selkmjt and once

Chess in Schools and Communities
Company Limited by Guarantee
Trustees. Annual Report (Incorporating th• Directorfs Report) (conVnu•d)
Year ended 31 August 2025
again, was planrbed to climax at the London Chess Classic. The charity expanded its pr(KJramme of
school toumaments across all regirms. In addition to the toumaments run at Newham and Liverpool
mentioned a￿)Ve, there were events hekl at the Guiklhall. run on behalf of Ihe City of London
Corporation. al Kensington Town Hall and W8stminster Crty Hall. hosted by the Lord Mayor of the
borough in his offices overlooking Buckirwjham Palace. Toumaments were staged for the Bellevue
ace. GLF and Boleyn Educational Twsts. As well as being 8 great day out for the partlcipants. these
toumaments help develop Confiden￿ and s8lf-8Steem and introduc8 chiklren to their peers from other
sch¢)ols with whom Ihey havo a common interest in chess. School leagues were e8tabli8had in
Hackney, Leeds, Tower Hamlets, Liverp￿1 and Stepney. It was also pl8asing to note increasing
succes5 for chiklren at CSC schools in mairbslream toumaments, such as EJCOA, ECF and Delancey
UKCC.
Weblnars
In January 2025. CSC began a programme of fre8 webinars, coen to anyone. but aimed at children
aged 7-13 who knew the basiGS of chess but Wanted to develop their tsctiC81 skills. Each webinar
last8d on8 hour and was followed by an onknne toumament for participants. After a succ&ssful pilot
series of 10 weeks. thè progrdmme was ext8ndgd into the summer term. Govering topics such as
checkmates. captures, openings. and double attacks. Alongside the weblnar programme. our tutors
recommended 50 of the most promising chess players from our school progrdmme for free places in a
series of new onlin8 masterclasses. These tulorials were dellvered lo groups of &10 children outside
school hours. usiny a newly designed curricijlum that extends the material we nomially teach in the
classroom. Participants were encouraged to make use of the online accounts CSC provided lo further
develop their chess skills. We inlend to expand thls program￿¢ in in the next academic year.
Ukrainian Rafugoo$
The charity gr9atly increased hs sukwort for Ukrainian refvgees and Ukrainian children in the war
zone, thanks to support from the Orp Foundation and tKlvate donors. The Chief Execullve visited
Odes58 in May 2025. where he met ctwldren attending a tournament hebj und&rground a￿1 gave his
support to the work done by Grandmaster and I￿al Cour￿lI10r Natalia Zhukova. This vlslt received
conshjerable publiety through the Daity Telegraph's Ukraine podcasL whose ￿￿trIbu11n9 joumalisls
also came lo Ihe loumamenl. The charbty supported children from Odessa and Lvlv to attend a
toumament in the Romanian city of lasi in the east of the C￿jnIry in June 2025. The Chief ExecLbtive
attended arKI gave a pr&sentat￿n at a ithess in schcKJks conforonce and met Iccal politicians. More
funds were deployed to support Ukrainian refugees in the UK to receive coad)ing and to fund
t(yJmament expenses. This support enabled one of the countys most promising young players,
Svyaloslav BazakutZ8. to qualify for the International Master lille and achieve a Grandmaster resulL
Another Ukr8inian child was able to attend the Brtlish Chess Championshlps where he scored well in
the Major Q)en toumam&nt. Several Ukrainian r8fvg8es have been through the charivs training
programme and are working as ch8ss tutors and is anlicApat8d that one will shortly be appointgd as a
Regional CorAdinator. mC￿e f￿anCIal 8UPPOrt to Ukrainian children to enable them lo compete al
European representative events is planngj. This work will continua for as long as necessary.
Onlin• Chess Clubs
The charity t))ntlnues to distribute thousands of Chesslfjd membershSps each year to d)ildrèn in our
sthools, programme. induding over 1.000 Gokj accounts, each worth $49. So far CSC has
distribuled accounts to 63,058 children who had completed 764.179 puzzles and played 593,779
games. 742 of our pupils had T8achod the'KING' level. the high8sL The chjb for secondary schools on
Lichess continued to expand and a t¢￿rnament was staged in conjunction with the English Chess
Federation.

Chess in Schools and Communities
Company Limited by Guarantee
Trustees. Annual Report {Incorporatlng the Director's Report) (conllttu•dl
Year ended 31 August 2025
Prisons
The programme was given a major boost in January 2025 when the Chief Exe(yJtiv8 was able to meet
Lord Timpson th8 Minister for Prisons. The programme expanded significantly and for the first time the
numbèr of prisons rose above the pre-covid levd. This is largely thanks to Ihe support of volunteeT
tutors and the work of our volunteer Prisons Coordinator Peter Sullivan. The appointrn8nt of a Prisons
Coordinator for prisons outside of London will be made scM)n. Regular weekly clubs were run in 12
prisons and the programme of extra wsits fr(*n leadiThJ players and chess clubs continu8d al HMP
Wandsworth. which in comrmn with HMP Isis, requesled and receN8d a $8cond dub each week.
Work continued to begin clubs 8t four Young Offender Institutions and a dub began at one. HMP
Feltham. Participation in official FIDE Worfd Prisons Champlonships held online continued. Four
prisons rgpresenled England ￿ the first FIDE Contlnentsl Online Prlsons Chess Championships in
July 2025. An EngLgnd Open team induded players from HMP Winthster, HMP H￿hpoInt and HMP
WoM￿￿d &rubs, and a Youth team from HMPNOI Isls W(￿ the gc4d m8d81 in their sectlon.
Communty Actlvlty
The charity continued to support a￿lICatIOnS from community4)ased chess clubs, not onty of new
¢lubs in West Wales. Spltamlelds Market in the City of London and many i)ther places. The charity also
ran weekly chess dubs for Ihe Mongolian commun￿ Association and C8Stlehaven Community
Centre in London, as well as providing chess equipment and materials to new libraries dubs In
Stsffordshlre, and Teegstdg. the Afghan and Central Askn Centre In Staines and 8 nehvork of libr8les
in Nottlngham.

Chess in Schools and Communities
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Di￿¢t0￿$ Reportl (tontthu•dJ
Year ended 31 August 2025
Achlèvements and performanc•
Maln achlevoments of tho charlty
Sth ChessFest
The fifth ChessF&st was siaged at Trafalgar Square on Juty 13th, 2025. supported by XTX Markets.
The attendanc8 was again 8r(MJnd 23,000, making it by far the largest chess event in the UK. The
family-friendly. free chess feslival included lessons. giant chess matches. sinNJtaneous displays,
inlgmel chgss Chall￿8S and a living chess display.
The activitses ware conducted by charity tutors, volunteers, members of the England thess team and
the Pro￿derS performance company.
S*ellite events were held at the Liver￿0] One shopping C￿tre in Chavasse Paik, in Hull. and. for the
first time. at Portishead near Br￿101. Over 300 children from CSC schools were inwl8d to 2 days of
activities outdoors in Manchester Square Gardens W1. Sctrvjols from outside London beneffted from
travel grants. We were dellqhted to welcom8 the ChanL%llor of thg Exchequer. Rachgl Reeves MP to
these events.
The charity is grateful to XTX Markets for supporting ChessFesL Preparation for a 6th ChessFest at
Trafabar Square are well advanced, an¢Y we intend to have more satellite events arc¥Jnd the county.
A video and photryJraphs from al ChessFests can be ftyjnd at Che&s•Fest.com.
15th London Chess Classic
Thanks to support from Markets. ￿ London Chess Classic was rest￿ed to its former glory and
staged al the Emirates Stadium In November and December 2025. The dit8 event saw a popular
home wn for the English Grandmaster Gawain Jones. StwJing the toumament at such an iwnSc
venue as the home of Arsenal Football Club gave the event an enomious boost, particulady for its
profile aThl we were able to invrte former world thampionship candmjale Shak Mamedyarov from
Azerbaijan as well as Widit Gujaralhi of Sndia. also in the wodds top 20 at the time, and the women's
odd champion Ju Wenjun of China. The 2025 LCC SchooL8' Festival welcomed 800 thildren from the
CSC Schooks, pr￿r8￿me around the counlry to the Emirates Stadium for a day of fun chgss
activities. These included.. _ chess lessons from CSC tutors - simultaneous games against chess
mastersa the chance to meet and possibty play a game against a chess grandmas￿, toumaments
against their peers from across the ￿Untry. This was th8 first time since Covid that a fvll schools
programme at the LCC had been staged.
The dosing dlnner. staged at the t)orchester Hotd, was aga￿ a successfvl ftjnd raiser for the charity,
as was the ProBiz Cup. There was a substants.al chess festival held alongside the main event with 8
strong Open t(MJrnarTbent and numerous events for omaleurs. as well as the final of the CSC Grand
Prix. The intention for 2025 is to increase the s￿e of the E￿te field.
Public Affalrs
Efforts to engag8 th8 new govemmerrt were redwbled with thg revival of thg APPG on chess. We
were able to recruit many new members: due the new large intske elected in July 2024. The charity
was pleased that many of th8 41 schools who raceived ff￿ney from UKGOV via the DE for cttess,
remained in the charity prwamme by deploying thelr own funds. It is worth noting that a recent FOI

Chess in Schools and Communities
Company Llmlted by Guarantse
Trustees. Annual Report (Incorporating the Directorfs Report) (conthiued)
Year ended 31 August 2025
requesl showed Ihat there were 76 schools who bgnefftted from DfE funds. so CSC worked with over
half. Th8 initial pilot by the DfE was generally very well received by scknls. CSC was invited by the
DFE in August 2025 to a roundtstrJe to discuss a forthcoming govemment paper on support for
enrichment. We are hopef￿ that support will b8 renewed for chess teaching in schools. The charity
would like to reC￿d its gratitude for the continuing support for chess from the ChanGellor of the
Exchequer and th8 members ofthg APPG.
Wèbslte
A complete revgmp of Ihe website thessirtsthools.(x).uk was succgssfumy comploted. ThB gnabled
the charity to better showcase and publicise its activits￿, raise fvnds as well as providing a platform
for ¢)ur first ever detai￿d impact r8POrt. The news archNe provKles a pomianent and u￿t(￿dat& record
of the charws activities and aGhievements.
Fundraislng
xrx Markot5
XTX Markets employees and principals continued to support the charty trt)th individually and through
the companls charitable am). This support will enabla us the charity to substsntially increase its
aclivities.
John Lyon's
The charity continued to deliver an 9xpanded prcKJrammg in schcx)Is, libra￿8. and community centres
in north and west London thanks to a grant from thg John Lyon's Charity.
ORP Foundation
The charty received a grant to support expansion of the core programme. specifKally in Somersel,
Hdl and London and to expand its wotk wlh r8fugees. Funds were also deptyed to enable the charity
to employ rafugees. wticularly from Ukraine, as tutors.
Portal Tru8t
The charity continued to deliver an expanded prtyJramme in schools. libraries, and community ￿ntrO$
in Green￿Ch, Hackney, lslinglon, Lambelh, Lewisham. Ne%tham. Southwark, Towgr Hamlets, and
Wandsworth. thanks to 8 grant from the Portal Trt￿L
Support•r8
XTX Markets and employees
John Lyon's CharÈty
ORP Foundation
Portal Trust
Google Deepmind
S¢heinberg Foundation
Orbis Investments
Esm8& Farbaim
Goldman Sachs
Newham Borough Councl

Chess in Schools and Communities
Company Llmitod by Guaranteo
Trusteos. Annual Report (Incorporatlng the Dlrectorfs Report) (conth
Year ended 31 August 2025
Liverpool City CounrAI
Liverpool BID Company
Sherrils. and Recorderfs Fund
The Wincit Foundath)n
Peter Harrison
Petsr Davles
Good Thinking SoGiety
Harpur Trust
10-

Chess in Schools and Communities
Company Llmlted by Guarant09
Trustees. Annual Report (Incorporating the Dlrectorfs Report) (confinued)
Year ended 31 August 2025
Finan¢lal revlew
Going concom
After making 8ppropriats enquiries the Tr￿lee$ have a reasonable expectation that Ihe charty has
adequate resour￿ to corrtnue in operatK)nal existence for the foreseeable future. For this reason,
they continue to adopt the going concem basts in preparing the financial statements.
b. ReseNes policy
Of the total reserves of £1,596,610, of which £415,081 12024: £1,331.￿6 and £273,M9) relate lo
restricted projects as [￿CTibed by the donors. Actual unrestricted reserves * 31 August 2025 were
£1.181,529 {2024= £1,057.5171. This amount is high&r than the Trustees. policy, but the excess has
been sel asKle for the fuiure expansion of the charity and support of the chariiy's Ilagship events for
which extemal suprth cannot abNays be guaranteed. The Wicy is under regular review by the
Trustees and is part of the rewsed Strategic Plan whith was approved by the Trustee Board in
February 2025.
Since ther& is a ￿nt￿Ulng expectation for school receirrts to remain strong and trj cover ljjtorfees, th8
Trustees have decided that reserves can be fvrther reduced to support increased expenditure on new
Regional Organisers and on any suitable projects to expand the charty should they arise.
c. General roview
Once agaln, th8 charity dld not need to deploy reserves to fvnd Core acbvity and enjoyed a Surplus in
the year to 3110812025 as (Jonations and sch)d re￿ipts remained robust. Prices to schools are
expected to remain unchanged In 2025126 as the charity uses Its reserves to absorb Infiatlonary and
budgetary pressure5.
The core delivery lo schoL4s and the slaging of Ches$Fest and the London Chess cfassK remained
the focus of charitable expenditure. Total expendilure for the year endod 31 August 2025 amounted
10 £1.739,558 (2024.. £1.474.6511- Total income includiro provish)n for Gift not received 8t yoar
end was £1,993.363 {2024: £1,241,748). The charity ￿hieved a surplus, after net gains on
Investments amounting lo £265.52512024: defictl of £148.3631. Prior to tha gains on investments the
charity achieved a Surp1￿ of £253,80512024: defi¢it of £232,903).
At 31 August 2025 the Group had net assets of £1.$96.610 (2024: £1,331.0661.
Inv8stmants pollcy
The main objectives for the charity's inv8Stment pcytfolio are to weserve the charitys te8erves in real
te￿ns, deliver a reas¢)nable overall totsl return arKJ for the portfdio to be sufficlently Imiuid to fund cash
ow shortfalls and any unfunded commitments that may arfse. The lolal return target for the
investment portfolK) has been set at infiatlon plus 3.5% p.a. net of fees.
A reasonable level of capital volatility wtlhin the invgstsnent porifolD is consKlered by the TnJ8tees to
be acceptable gThien the ¢hariiVs risk and return objeclpies lyjt the portfolio should be w811 diversified
across asset dasses and individual invesknents shoukl be in line with a standard rnedium risk woffi￿.
The charty iyedudes any dlrect investrn8nt In tO￿aCCO c￿P8n1es. The Trustees a(xept that some
colleclrve investment schemes may have exposure to tobacco stocks. However, the investment
manager will M(￿1101 the position of these cdlective inveytment schemey to ensure thls Is kept lo a
11

Chess in Schools and Communities
Company Limited by Guarantee
Trustees. Annual Roport {Incorporating the Director's Report) (contintsedj
Year ended 31 August 2025
minimum.
In principle the Trustees wish to be responsible investors. Therefore, Ihe investment manager is
expected lo lake account of environmental, social and governance IESGI issues in their investment
analysis and decision-making process and engage with company management where appropriate.
Principal risks and un¢grtalntle8
The Trustees frequently assess risks presented to il during board meetings and update a risk register
accordingly.
Plans for future perlods
The main plans and obje¢lives for 25126..
Continued managed growih up lo 20Q
Renewed efforts to expand prison activity with an ambitious target lo reach 20 prisons in
25126.
Secure government support for a chess in school's programme.
Further expand the lulor base and enhance options for professional development.
Increase the number of ￿gIOnal organisers and expand Into new areas.
Organisalion of more chess leaching courses for online and in-class delivery.
Organi5?lion of a 2025 London Chess Classic, subject to funding.
Organisalion of a 2026 ChessFest and to spread ChessF8sI to other venues around the UK.
Continue the focus on growth in areas where activity per capita is lowest. such as the Wesl
Midlands.
The conlinualion of a PLJblic affairs campaign.
To develop Ihe ChessKid club and the online offering for secondary school children on
LiGhess.
Seek lo keep school contributions to a minimum.
Enhance the welfare of our tutor and volunteer base.
Devote more resource lo corporate fund raising.
Details of the charity's work can be seen at..
ww.GhessinschDols.¢o.uk
.chess-fest.com
www.londonchessclassic.com
www.facebook.Gomlchessinschoolsandcommuniliesl
www.lnstagram.comlschoolsehessl
x.comlsGhoolschess
Our impact survey is available at.. h
ww.ch
ools.
C5C-i
-12-

Chess in Schools and Communities
Company Llmlted by Guarantse
Trustees. Annual Report (Incorporating Ihe Dlrectorfs Report) (conllnu
Year ended 31 August 2025
Trustees. regponsibiliti•s sL*am•nt
Thg trustees, who are also directiKs for ts pury)oses of company law. are responsible for weparing
the trustees, report and the financial statsments in aCL￿danCe wih appllcable law and Uniie(J
Klngé¢m Aecounting Standards (Unlted Kingdom Generally Accepted Accounting Pr4¢ticel.
CLKnpany taw requires the charity trustees to prepare financial statements for eech year which give a
true and fair view of the state of affairs of the charitable ¢xJmpany and the incoming resources and
applicati￿ of resources, incI￿ling the i￿Jme and expendilure. for that Per￿d.
In proparlng thes8 financial statements. the tnj9t￿ are required to:
select suitable acc￿nting policigs and then apply them conslslenuy.,
obseN8 the metho(Is and Prir￿1pleS In the applirAble Charitses SORP,.
make judgments and accounting estlmates that reasonable 8nd p￿￿ent.
pr&pare the financlal statements on the going concem basis unlgss it is ￿appro￿late to presume
that the charity will continue in busines8.
The truslees are resp(￿sible for keepng adequate accountlng records that are sufflcient to show and
explain the charivs Iransactiork8 and disclose wth rgasonable accuracy at any time the flnancial
posltlon of the charity and enable them to ensure that the financial statements COTnply wrth the
Companies Act 2006. They are also re$r￿SIble for safeguarding the assets of the thartty and hence
for taking reasonabl8 8taps for thè weventK)n aThJ detectijn of fraud aThl other irregulafilies.
Dlsclosure of Informatlon to audltors
Each of the persons who are Trustees at the tlme when Ihls Trustees, rewrt Is approved has
confirmed thaL" so far as that Trustee is aware, there Is no relevant a￿j11 infomi8tion of which the
charitsble group's auditors are unaware. and that Trustees have taken all thè steps that ought to have
been taken as Trustees In Lyder to b8 aware of any re18vant audit informallon and io establish that the
charitsble group's audilors are aware of that information.
Audltors
The auditors. Flinlham maCken￿e A￿lt Ltd, have indicatsd Ihgir willirvJn8ss to continue in offic￿. The
designated Trusts&s wll propose a molion reappointing th8 auditors at a meeting of the Trustees.
Approved by or(ler of the members of the board of Trustees signed on their behalf by:
lison Sharp
Trustee
Date..
Is

Chess in Schools and Communities
Company Limited by Guarante8
Independent Auditor's Report to the Members of Chess in Schools and
Communities
Year ended 31 August 2025
Opinion
We have audited the financial statements of Chess in Schools and Communitieg Ilhe 'Parent
Charitable company'l and its subsidiary (together referred to us 'group'l for the year ended
31 August 2025 which comprise the consolidated statement of financial activities (including income
and expenditure account), the consolidated statement of financial position, the charity statement of
financial posrtion, the consolidated statement of cash flows and the related notes, including a
summary of signifieanl aceounling policies. The financial reporting framework Ihal has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, Including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
A¢￿pIe￿ Accounting Practice) and the requirements of the Charitable company's governing
document and the provisions of the Statement of Recommended Practice {SORPI applicable to
Charities preparing their accounts.
In our opinion the financial ststements".
give a true and fair view of the stale of the Group's and the parent charitable company's affairs
as at 31 August 2025 and of the group's incoming reSoUr￿S and application of resources,
including ils income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Acwunting Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applic8ble law. Our ￿sponSibl1511eS under those standards are ￿rther described in the auditorfs
resporbsibilities for the audit of the financial slaternenls section of our report. We are independent of
the group and parent in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK. including the FRC'S Ethical Stsndard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. Wè believe that the audit evidence we
have obtsined is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going Concern
In audrting the finanaal statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that. individually or collecb"vely. may cast significant doubt on the Group's or the
parent charitable company's ability to continue as a going concern for a period of al least twelve
months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con*rn are described
in the relevant sections of this report.
-14-

Chess in Schools and Communities
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Chess Sn Schools and
Communities (continued)
Year ended 31 August 2025
Other Infomiatlon
The other infomialion comprises the information includ&J in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are resFX)nsible for the other information.
Our opinion on the financial statements does not cover the other information and. except lo the extent
otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibil￿￿ is to read the other
information and, in doing so, consider whether the other information is materially inconsislenl with the
ffnancial statements or our thowledge obtained in the audit or otherwise appears to be materially
misstated. If we identfy such material inconsistencies or appatenl material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other infomiation. If. based on the work we have perfomied, we condude
that there is a material misstatement of this other inforrTration. we are required to report that fa¢L
We have nothing to report in this regard.
Opinions on other matter5 prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomation gwen in the trustees, report for the financial year for which the financial
stalemenls are prepared is consistent with the financi81 statements- and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the light of the knowledge 2nd understanding of the charitsble company and its environment
obtained in the course of the audrt. we have not identified material misstatements in the trustees,
report.
We have nothing to report in respect of the following matters in relation to which the Companres Act
2006 requires us to report to you if, in our opinion..
the parent charitable cornpany has not kept adequate accounting records, or retUm5 adequate
for our audrt have not been received from branches not visited by us", or
the parent charitable company's financial statements are not in agreement with the accounting
records and returns,. or
rtain disclosures of trustees. remuneration specified by law are not made,. or
we have not r￿1Ved all the infomation and explanations we require for our audrt., or
the trustees were not entiued lo prepare the financial statements in accordance with the small
companies, regime and take advantage of the small companies, exempts.ons in preparing the
directors, report and from the requirement to prepare a strategic report.
15-

Chess in Schools and Cornmunities
Company Limited by Guarantee
Ind8pendent Auditor's Report to the Members of Chess in Schools and
Communities (¢onllnued)
Year ended 31 August 2025
Responsibiliiie5 of trustges
As explained more fully in the trustees, reswnsibilities statement, the trustees {who are also the
directors of the charitable company for the purposes of company law} are reswnsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the trustees detemiine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due lo fraud or error.
In preparing the financial statements, the trustees are reswnsible for assessing the Group's and the
parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless the trustees Èither
intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to
do so.
-16-

Chess in Schools and Communities
Company Limitsd by Guarantge
Independent Auditor's Report to the Members of Chess in Schools and
Communities fconttnuedj
Year ended 31 August 2025
Auditors responsibilities for the audit of Ihe finan¢ial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due le fraud or error, and to issue an auditof s report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee thÈt
an audit conducted in accordance w((h ISAS IUKI will ahvays detect a material misstatement when Tt
exists. Misstalemenls can arise from fraud or error 2nd are eonsidered material if, individually or in the
aggregate, they could reasonably be expècted to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularitie5, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting
irregularities, including fraud is detailed below..
Capabillty of the audit in detecting irregularitles, Includlng fraud
Based on our understanding of the charity and the sector as a whole, and through discussion wth the
Trustees and other management las required by auditing standards), we identified that the principal
risks of non-compliance with laws and regulations related to safeguarding, health and safety, general
data protection regulations and employment law. We considered the extent to which non-compliance
might have a material effect on the financial statements. We also considered those laws and
regulations that have 8 direct impact on the preparation of the financial statements such as the
Charities SORP {FRS 1021, the Companies Act 20C6. taxation and pension legislation. We
communicated identified laws and regulations throughout our team and remained aleti lo any
indutions of non<0mplian￿ throughout the audit We evaluated management's in￿ntiveS and
opportunities for fraudulent manipulation of the financial slalemenls lincluding the risk of override of
controls), and determined that the principal risks were related lo posting inappropriate journal entries
and management bias in accounting estsmales and judgemental areas of the financial statements.
Audit procedures perfomed by the engagement team included..
Discussions with management and assessment of known or suspected instances of
non-compliance with laws and regulab'ons (including health and safety) and fraud,. and
Assessment of idenlrfied fraud risk factors,. arKI
Review of expenditure lo confirm no evidence of personal benefit,. and
Identifying and assessing the design effectiveness of controls that management has in place to
prevent and detect fraud, and
Challenging assumptions and judgements made by manage￿￿nt in ts significant accounting
estimates., and
Performing analytical procedures to identify any unusual or unexpected relationships, including
related paty transactions, that may indicate risks of material misstatement due to fraud., and
Confimation of related Pa￿eS with management, and review of transactions throughout the
period to idents'fy any previousty undisclosed Iransacts'ons wth related parb'es outside the nomial
course of business,. and
Reading minutes of meetings of those charged with g0veman￿. and
17

Chess in Schools and Communities
Company Limited by Guarantee
Independent Auditor's Report to the Members of Chess in Schools and
Communities {contlnuedJ
Year ended 31 August 2025
Review of significant and unusual transactions and evaluation of the underlying financial
rationale supwrb'ng transactions., and
Identifying and testing journal entries, in particular any manual entries made at the yearend for
financial statement preparation.
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 slalements or non-complian￿ with
regulation. This risk increases the more that Complian￿ with a law or regulation is removed from the
events and tran5?Glions reflected in the financial statements, as we will be less likely to become aware
of inslance5 Qf non-complian￿. The risk is also greater regarding irregularities occurring due to fraud
rather than error, as fraud involves intentional concealment, forgery. collusion, omission or
misrepresentation
As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misslatemenl of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtsin audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
delecling a material misstatement resulting from fraud is higher than for one resulting from erior.
as fraud may involve collusion, forgery, intentional omissions, misrepresenlation5, or the override
of internal control.
Obtain an understanding of intemal control relevant to the audit in order to de￿gn audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of aeeounting policies used and the reasonableness of accounting
estimates and related diselosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concem basis of accounting
and, based on the audit eviden￿ obtained, whether a material uncertainty exists related to
events or condib'ons that may cast significant doubt on the group and the charilable Company's
ability lo continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditor's report to the reL4ted disclosures in the financial
statements or, if such disclosures are inadequate, to modfy our opinion. Our eonclusions are
based on the audit eviden￿ obtained up to the dale of our auditor's report. However. future
events or condits'ons may cause the charity to cease lo continue as 8 going concern.
Evaluate the overall presentation, stNcture and content of the financial statements, including the
disclosures. and whether the financial slalements represent the undertying transactions and
events in a manner that achieves fair presentation.
18-

Chess in Schools and Communities
Company Limited by Guarantse
Indepèndent Auditor's Report to the Members of Chess in Schools and
Communities (conLlnuod)
Year ended 31 August 2025
We communicate with those charged with govemance regarding. among other matters. the planned
scope and liming of the audit and Significant audit findings, incSuding any significant defi¢ien¢ies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the Charitable cornpany's members and trustees, as a body, in
accordance w((h Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's
trustees, as a body. Part 4 of the Charities (Accounts and Reports) Règulation 2008. OUT audit work
has been undertaken 50 that we might stale lo the charitab￿ company's members and trustees those
matters we are required to stale lo them in an auditor's reFX)rt and foi 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 its members and trustees as a body, for our audit work, for this report. or for the
opinions
have forrned.
Brij Taneja (Senio
Statutory Auditor)
For and on behalf of
Flinlham Mackenzie Audit Limited
Chartered accountants & statutory auditor
277-279, Chiswick High Road
London
W4 4PU
Ji May 2026
-19-

Chess in Schools and Communities
Company Limited by Guarantee
Consolidated Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charrtable activities
other trading acts'vities
other income
510,258
624.732
17,417
24,560
787.000
1,297,258
624,732
17,417
41.771
594,439
623,211
1.800
22,298
17,211
804.211
Total Ineome
1,176,967
1.981.178
1,241,748
Expendlture
Expenditure on raising funds..
Costs of raising donations and legacies
Investment management costs
Expenditure on charitable Ècb'vilies
Taxation
2,204
7,059
1,066,966
650
2,204
7,059
1.729,645
650
368
6,570
1,467,713
662,679
11
Total expenditure
1,076,879
662.679
1,739,558
1,474,651
Nel gains on investments
12
23,905
23,905
84,540
Net Incomellexpenditurel and net
movement in funds
123,993
141.532
265,525
1148.363}
Reconclliation of funds
Total funds brought forward
Total funds carried forward
1,057.536
273.549
1,331,085
1,596,610
1,479.429
1,331,066
1,181,529
415.081
The consolidated slatemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from cx)nlinuing acbvrties.
The notes on pages 24 to 35 fomi part of these flnanclal statsments.
-20-

Chess in Schools and Communities
Company Llmlted by Guarantse
Consolldated Statemont of Financial Position
31 August 2025
2025
2024
Flxed as¥•ts
Investments
16
948.753
922,098
Currnnt as80ts
Oeblors
Cash at bank and In ha￿5
17
769,678
763.404
64.570
469,459
534.029
1,$33.082
Credltars: amounts falling du• wlthln on• y•ar
Nal ¢urv•nt 0888ts
18
847.725
87.561
446,468
685,357
1.634.110
Totsl a$••l• I￿8 ¢urr•nt I￿￿111￿$
1,368.566
Credltor8: amounts falllng du• after mor• th•n on• y•ar
Neta
19
37,500
1,596.610
37.500
1.331,066
Fund• of th• ¢h•rlty
Restricted ftmds
Unrestrlcted fvrKI$
415.081
1,181,529
1,596,610
273,549
1.057.517
Totsl charlty funds
1,331.066
These consdldalsd finaThial statements havo been prepared In ac¢ordancfr with the prov1s1￿ts
applicabb to companies subject to th& small CoM￿nIes. regim¢.
These ¢onsolidated financlal st*￿ts V•we apwoved by tho bo¥d of trustees and authorised for
issue on 31 May 2026. aro 5iwed on beh8W ofthe t*)ard by:
I￿n Sharp
Trusts¢
Th• not# on pag•B 2410 36 part ofth•sè Iln•nci•l stat•m•nt*.
.21-

Chess in Schools and Communitles
Company Llmltsd by Guarantee
Standalone Statsment of Financlal Poslllon
31 August 2025
Charlty Bal•n￿ 8he8t
2025
2024
Flxed asgots
Inve¥trnents
948,754
922,099
Curront ass•ts
Debtors
Cash at bank ar￿ in haThl
847,638
671,652
1.519290
142,510
387.544
530.054
Crndllors: amounts f•lllng duo wllhln one yow
Not currant 4$80ts
836.672
82.S61
682,618
1,631.372
447,493
1,369.592
Total xlets I•s6 ¢urrnnt Ilabllltle8
Crndltors: amounts f•lllng du• aft•r mor• than ong year
Not a550ts
37,500
1,593,872
37.500
1.332,092
Fund8 of Ihfr ¢harfty
Restrkted ftmds
Unreslrictsd fund$
415,081
1,178,791
1,593,872
273,549
1.058,543
1.332.092
Total charlty funds
Th989 financial *atements have been propargj in acccYilan¢e with ￿ provisions appli¢•ble to
¢ompanies subject io the $m811 Goryyanios, reglme.
These financial stalements were approved by the board of trustses and auth￿l$¢d for issue on 21
May 2026, and aro $i￿d on behalf ofthe boord by:
AJi50n Sharp
Trustee
Th• not•• on paps 24tt* 36 fonn pwt ofthM•llnan¢illl gtat•m•nt•.
.22-

Chess in Schools and Communities
Company Limitad by Guarantee
Consolldated Statement of Cash Flows
Year ended 31 August 2025
2025
2024
Cash Ilows from oporating actlvltles
Net in¢om8llexpendilurel
265,525
(148.3631
Adjustments for
Net gains on investments
Interest payab￿ and similar charges
Taxation
Acoued lincLKneyexpenses
(23,￿5)
2,026
184,5401
2.451
(9.356>
7,604
Changes in..
Trade and other debtors
Trade and other creditors
1705.1081
768,889
113,150
45.684
Cash generated from operations
298.721
(64,0141
Interest pald
Net cash fromllused in} cperating actNities
{2,026)
296.695
12,4511
(66.465)
Cash flows from investlng aGtivltles
Purchases of other inveslments
Proceeds from sale of other investrnerrts
{80,862) 1192,8231
78,112
169.200
(2.750)
N8t cash used in investtng acttvilies
123,6231
Net incr•a$el(decrease) in cash anfl cash oquivalgnts
Cash and cash gquivalonts at beginning of y*ar
Cash and cash equivalants at end of year
293.945
469.459
190.088)
559.547
763,404
469.459
Th• not•s on 24 to 36 fomi pArt of Il*se Ilnan¢i•l 8tatem•n
.23-

Chess in Schools and Communities
Company Limited by Guarantse
Notes to the Consolldated Flnancial Slal•ments
Year ended 31 August 2025
Genernl infonnation
The charrty is a public t*nefft entity and a privato company limited by sM5arartee. registered in
England and Wales and a registergd tharity in EnglaTrJ and Waleg. Th9 address of the
registered office 15 44 Baker Street, London. W1 U 7RT.
Statsmont of compllanog
These financlal ststements have been prepared in Com￿lance with FRS 102, The Financlal
Rgporting Standard appltcable in the UK aThl the Republic of Irelanrt. the Statement of
Recommended Practice applicable to charities preparing their aco)unts in aceordancg with the
Financial Reporting Slandard applicable in the UK and Republic of IrelaThY (FRS 102) (Charities
SORP {FRS 102)) and the Companles Act 2006.
Accountlng pollcles
Basis of preparallon
Thg financial statements havo bgen prepared on the historical cost basis, as mc*Jlfied by the
reva￿atiOn of certain flnan(xal assets and lia￿lHOeS aThJ nvestment ￿￿ertieS measwed at fair
value through income or expenditure.
The financial State￿nts are prepared in steding, which is the functhjnal currency of the entty.
Golng concem
The Trustees assess whether tha use of going concern Ls apprDpri* 1.8. whether there i8 any
material uncertanties related to events or condiknons Ihat may Gasl signAlcanl doubt on the 8bility
of the Charity to contknue as a gciThJ corthm. The Trustees make this assessment in respect of
P8riod of one year fr(￿ the date of authorisation for issue of the financial statements and have
conduded that the Charity has adequate resources to continue in operat￿n81 exisl8nc8 for the
foreseeab18 future and there are material uncertaintles about the Charivg ability to continue
as a going concem. thus they C{￿11￿8 to adopt the going cown basis of accounting in
preparing the financial statement.
Incomo tsx
The charity is o)nsidered lo pass the tests set out in Pardgraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definilion of a charitable company for UK corporat￿n tsx
purposes. A(xordingly, the charity Is ￿￿ntialty exempt from taxation in resped of income or
capilal gains received within categories covered by Chapter 3 Part 11 of th8 Corporation Tax Act
2010 cf Seclion 256 of th8 Taxation of chargea￿ Gains Act 1932. to the ext8nt that such
income or gains are appl￿ gxc*Jsivety to charhable purposes.

Chess in Schools and Communities
Company Limited by Guarantee
Notes to the Consolldated Flnanclal Ststements (conttftu
Year ended 31 August 2025
Accounting polici•s
Fund accountlng
Unrestricted funds which are availabl8 for use at the discretion of the Trusts8s in furtherance of
the general objectives of the Group and whlch have not been designated for other purposes.
DesvJnated ￿ndS COmPTise unrestrictsd funds Ihat have been set asld8 by the Trustees for
particuLqr purposes. The aim and use of each designated fuNJ is set ijut in the noles to the
nancial statements.
Restricted fuThJs are fund5 whith arg to t¢ used in accordance y￿th Specif￿ restrictions ImF￿sed
by donor5 or which have been raised by the Group for particular purposes. The costs of raising
and administering such furmls are charged againsl the specific fvnd. Th8 aim and us& of each
restricted fund Ss set out in the notes to the financial statements.
Invesknent income. gains and losses are allocatad to the appropriate fund.
Incomlng resources
All income is recognised once the chartiy has entit18ment to the income. It is probable that the
income will be received and the amount of income receivable can be measured reliabty.
Donations are rece￿ad by way of grants. donatk>ns, legacies arKI glfts and is induded in full In
the consolldated statw(wit of financ￿1 activibes when receivable.
Income from chaiitable aGlrvities includes income received by way of contn"buknons made by
sthools. prisons and other 8Stabllshments. from course fees and tournament tickets and Is
recoJnised as the events taka place.
-25-

Chess in Schools and Communities
Company Limited by Guarantse
Notes to the Consolidated Flnancial Statements (conrfn
Year ended 31 August 2025
Accounting policle$ (¢oAthu•dJ
Resources gxpgnded
Expenditure is recogrllsed once there is a legal or construclive obligation to transfer economic
beneffit to a third p8ty. it 15 probable that a transfer of economic benefits will be required in
seiuemenl and amount of the obligation can be measured reliably. Expenditure is classified
by activity. The costs of each acbvity are m8d8 up of the totsl of dlrect costs and shared costs.
I[￿uding support costs involved in undertaking each acfivity. Direct costs attributable to a single
activty are allo&*ed direw to that ￿liVIty. Support costs which are not altrbutsble lo a single
actfvity are appc*tioned behyeen thos8 activities on a basis consistent with th8 use of rèsources.
Central staff costs &e allocated on the basis oftime sponL
charitab￿ expendlture comwises those costs Incur￿￿ by the th8rlty Sn the dellvery of Its
activities and services.
Governance costs indude those costs associat8d with meeling the cAJnstitution81 and ststutory
requirements of the tharrty and inthde tho audit fee and costs linked to the strategic
management of th9 charity.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its
haritable purpos69 and Indudes costs of all fundraising adviues events and non-charitable
trading.
Expenditure on charitable actiwles Is Incurred on direcuy ￿dertathg Ihe actwiiles thich furfher
the Group's objectives. as well as any associated suptth costs.
Investments
Fixed asset investments are a fc*m of financial instrument an(1 are inib8lly recognised at thelr
transacti￿ (x)st 8fKI subsequenlly measured at fair value al the balance sheet date, unless the
value cannot be measured reliabty in which case it is measured at (L)st less impairmenL
Irwestment gairts and h)sses. whether re81ised or unrealised, are comiNned and presentwj as
'GainsllLosses) on investments. in the (Dn501idated statement of financial activittes.
Investments in sUb￿dianeS are valued at COSt1gss provision for impainnenl.
Financial instruments
The Group On￿ has financial assets and financh11 Irabiliti8s of a kind Ihat qualrfy as basic tha￿la1
instruments. Basic financial instrum8nts are Initial￿ recognis8d at transacbon value and
subsequently measured at their sett18mont value with Ihe 8xceptKsn of bank loans whKh are
subsequenty measurgd al amortised cost using the effective interest method
Dgflnod contrlbutlon plans
ContribUti(￿S lo defined contribution plans are rec(wJnised as an expense in the period in which
the relat￿ Servi￿ is provided. PrepaMI contribulions are re¢￿jnIS￿l as an asset to the extont
that th& wepaymgnt wlll18ad to a ￿UctI￿ in fijture paymnts or a cash refvnd.
When conlribuuons are not expected to bg settted wholly withln 12 months of the end of the
reportlng date In which the emrAoyees render the related seNke, the liabillty is measured on a
discounted present value baslg. The unwinding of the discount is recognised as an expense In
the period in whith ￿ arlses.

Chess in Schools and Communities
Company Llmlted by Guarantse
Notes to the Consolidated Flnancial Statements
Year ended 31 August 2025
Llmlted by guarantee
The COTnpany has no aLthorised or issued shar8 capilal and is limiied by guarantee of the
trustees.
Donations andlggacles
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Donatlons
Individua15 arml corporate donations
Grft AKJ
Trusts
Grants for schools
228,520
48.639
233,099
784.fxK)
1,012.520
48,639
236,099
510.258
787,000
1,297,258
Unrestricted
Funds
Rethcte(l Total Funds
Funds
2024
t)onatl¢ns
Individuals and corpcKate donatiL
Grft
Trusts
Grants for schcM)Is
150.626
19,851
110.500
26,662
283,800
434.426
19,851
113.500
26,662
3,000
307,639
286,800
594,439
Charltabh actlvltleB
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Schwl contribution$
Prison conlribul¥)ns
Tournament In￿Me
582.203
42.529
582.203
42.529
546,828
71.436
4,947
546.828
71.436
4.947
624,732
624.732
623.211
623,211
Investment management costs
UnrestrKted Total Fund8 Unrestrict&J Totsl Funds
Fun(Js
2025
Funds
2024
Pc*tfolio managemènt
7,059
7.059
6.570
6.570

Chess in Schools and Communities
Company Limited by Guarantee
Notes to the Consolidated Financial Statements (¢onts"ny¢d)
Year ended 31 August 2025
Expondiluro on charitable actlvlti•s by fund type
Unrestricted
Funds
Re8trict8d Total Funds
Funds
2025
Fund r8ising
Tournament costs
Chess tutoring
Training
SupFL)rt costs
875
70,271
626,726
20.317
875
478,307
881,￿3
20,317
349,143
408,036
254,271
1.066,966
662,679
1,729,645
Unrestricted
Funds
Restricted Total Funds
FuThJs
2024
Fund raising
TcAJm8ment costs
Ches5 tutorirwJ
Training
Support costs
1,754
129.419
656,457
20.060
282.315
1.754
296,629
866,923
20,060
282,347
1.467.713
167,210
210.466
31
1.090.005
377,707
exp8ndI￿re on charltable activllleB by activty typ8
Activities
undertaken
diredy Supp(wt costs
Totsl funds
2025
Total fund
2024
Fund ralslng
Tournament
Ch8SS tutorl
Training
Govemance costs
875
478.307
881.003
20,317
29.558
88,671
174.056
36.125
20,733
349,143
30,433
566.978
1.055,059
56.442
20,733
33.659
355,136
1.010.495
51,965
16.458
1,380,923
1,729,645
1,467.713

Chess in Schools and Communitles
Company Limited by Guarantge
Notes to the Consolldated Financial Statements (conlirtued)
Year ended 31 August 2025
10. Analysis of support costs
Toumamént
FundraisirwJ
lulorfng TraknlrKJ Totsl 202S Tolal 2024
staff costs
Prembses
Communications
and IT
General office
Human resources
Finance costs
Govemance ￿)Sts
23.925
2.232
71.776
140,893
13,144
29,242
2.728
265.836
24.800
206,258
25,420
1.051
1.616
549
183
1,866
3.155
4,850
1,647
547
5,598
6,193
9.520
3,234
1,074
10.988
1,285
1.976
671
223
2,281
38.4(
11.684
17,962
6.101
2,027
20.733
5,399
24.589
1,755
2,468
16,458
31.422
94,269
185,046
349.143
282.347
11. Taxatlon
Components of tax 8xp•nso
2025
2(r24
Current lax:
UK current tax expense of Subsidiary {CPL>
Taxation
650
12. Net gains on investrnents
Unrestrlcted Totsl Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Gair￿l{loSSeSI on listed investrnpnts
11,720
11.720
84,540
13. Auditors remuneratlon
2025
2024
Fees p8yabb8 for the 8￿j11 of the finarKial slatsTnents
14,000
13,500
The abov8 audit f6e includes non-audit fae of £3,000 for 8ccountsng
and taxation servK61&
.29-

Chess in Schools and Communities
Company Limlted by Guarantee
Notes to the Consolidated Financlal Slatements (ronthu￿)
Year ended 31 August 2025
14. Staff Costs
The total staff costs and employég ￿nerts forth8 rep￿￿ng period are analysed as follows:
2025
2024
Wages and salaries
Social se(yJrity costs
Employer contributions to pension plans
245,918
17,900
2.019
184,159
19.956
2,144
206.259
265.837
The average head count of employees duflng the year was 512024: 41. The average number of
full-time equivalent employees durlng th8 year is analysed as follows:
2025
2024
No.
Number of staff
The numb8r of emrAoyees wh)se remuneration for th& yearfell wlthln the folk)wing bands, were..
2025
2024
No.
No.
£60,000 to £69,999
15. Trnstee remuneradon and exponsos
During the year rn Iru5tees r8ceived any remuneration or 0th9r benefils {2024 - £nill. During the
year ended 31st August 2025 No experses were rewnburS￿l or paid to ary trustee (2024 - nil).
16. Inv•stments
Llsteql
Investmants
Cost or valuatlon
At 1 September 2024
Addrtions
Disposals
Fair value rnovements
922.098
80.862
177,618)
23,411
At 31 August 2025
Impaimient
At 1 Sept•mber 2024 and 31 August 2025
Carrylng amount
At 31 August 2025
At 31 August 2024
18,753
948,753
922,098

Chess in Schools and Communities
Company Limited by Guarantee
Noles to the Consolidat•d Financial Ststements (conthu8d)
Year ended 31 August 2025
17. Dobtors
2025
2024
Trade debtors
Other debtors
703,334
27,825
36,745
769,678
64,570
18. Croditors: amounts falling du9 wlthin one year
2025
2024
Trade creditors
Accruals and deferred IrKomg
Corporation tax
Social security and other tsxes
other creditors- CPL
Other tteditors
23.130
708.337
24,021
42,711
110.207
5,000
401
5.188
5,000
10,641
847,725
87.561
19. Credllor8: amounts talllng due after morè than one year
2025
2024
Accruals and deferred income
37,500
37,5
20. Dgforrod Incom•
2025
2024
Amount deferred in year
675,001
At the repcwting date. deferred inccme ct)mprises grants end donations received in advance for
speafic projects or activit￿ where funds were expended In next financial pariod. These funds
11 be reC￿niSed as income in the next finanual per￿.
-31-

Chess in Schools and Communlties
Company Limited by Guarantee
Notes to the Consolldated Financial Statements (conttftuodj
Year ended 31 August 2025
21. Pensions and oth•r pOst￿etIrement ￿n•fits
Defined contrlbull¢)n plans
The amount recognised in income or expendilure as an expense in relation to defined
contributlon plans £2,019 {2024: £2,144).
22. Analysls of charitabl2 funds
Unrnstrlcted funds
At
Gains and 31 August 20
losses
25
1 September
2024
Income Expenditure
General funds
1.057.536
1,189,152 (1.076.879>
11.720
1,181,529
At
1 September
2023
At
Gains and 31 A￿u$l 20
Ioss8S
24
Income Expendiiure
General fvnds
1.115.280
954.640 11.096,9431
84.540
1,057,517
Restrict8d ￿ndS
At
1 September
2024
Gains and 31 August 20
Ioss8S
25
Income Exp8nditure
LoThJon Chess Classic
Africa Fund
Edesloke Prison
ChessF8st
Wandsworth
Berkshire
Junior Fundlng 1
Seb8Stlan 8ainbTidge
Memorial
Ukraine
Junior Funding 2
Tournament chess and
Junior training
190,156
30.251
2.116
28,239
1,108
10.214
200
492,210
{3¥2,788)
289,578
30.251
2,116
7.071
225.001
4,(￿)0
3,000
1246,1691
15.1081
I3,￿0)
10,214
2(M)
876
10,389
60,000
(9.5021
11.6371
51.374
8.752
20.000
14,475}
(662.679)
15.525
273,549
804.211
415,081
-32-

Chess in Schools and Communities
Company Limited by Guarantee
Notes to the Consolidated Financlal Statements (coMinu•¥
Year ended 31 August 2025
22. Analysis of charltablo funds
At
1 September
2023
Gains and 31 August 20
losses
24
Income Expenditure
London Chess Classic
Africa Fund
Erl8Stok8 Pri80n
ChessFest
Wandsworth
B8rkshire
Junior Funding 1
Sebastian Bainbridge
Memorial
Ukraine
Junior Funding 2
Toumament Cl￿$$ and
Junior trainirKJ
313,212
30.251
2,116
7214
1,108
3.625
200
30,0
(153,056)
1￿),156
30,251
2.116
35,453
1,108
3.000
200
225.307
3.800
3.LK)O
(197.0681
13.8LXJI
13,6251
6,058
365
16.058)
(9,4891
14.6111
10.000
15.000
876
10.389
364,149
287,107
(377,707)
273,549
-33-

Chess in Schools and Communities
Company Limited by Guarantso
Notes to the Consolldated Financlal Statsments (conthl
Year ended 31 August 2025
22. Anaty8is of charltable funds
London Ch85s class￿ is exdusivety for running th8 educatlonal elemBnts of the LoNJon Chess
Classic toumamenL
The Africa fijnd Is to be used exthsivoly on our acts￿ in Africa.
Erlgstoke Prison funds are for the wovision of a choss dub at HMP Erf8stoke.
ChassFest donations are used exdusivoly lowards Ihe wnnirvJ of thls yearfs annual chess fest
t¢XlTnament.
Wandsworth fuTrJ relates to a 4Jonation received to irnprovo the chess traning offerfng in thg
Berkshire fuNJ relates to a donati￿ received to improve the cho8s tralning offering in the area.
Junior Furmling 1 related to a donatKJn received to supp)rt tha devekpment of a strowj junior
chess player.
Sebastian Bainbridge Merrthial FuThJ relates to a donation received to ¢roate a memorial for
S8bastian Bainbridge.
The Ukraine fuThJ relates to funds received to be donated to Ukraknian appaal of the Chartys
choice.
Junior FundirrfJ 2 ralated to a donation received io support tho dèvelopment of a strong junior
chess ￿ayer.
The Junior Tournaments and Trainlng fund provides support to strong jUn￿r chess player5
across the county, enabling them to compets In inl8m8tional events.
UnrgslTicted
Funds
RestrÉcted Totsl Funds
Funds
2025
Investrnents
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Not assets
948,753
948.753
555.635
977,447
1,533,082
1302,725) (545,000) 1847.7251
{37.500)
137,500)
1.164,163
1,596,610
432.447
Unrestricted
Funds
Restrkted Total F￿)d9
Funds
2024
Investments
Currant ass8ts
Cr8ditors1gss than 1 year
Creditors greater than 1 year
922,1)98
260.480
187,561)
(37,500)
1,057,517
922,098
534.029
187,561)
137,500)
1.331,066
273.549
273,549

Chess in Schools and Comrnunities
Company Limited by Guarantso
Notes to the Consolidated Financial Statements (￿￿n￿o￿l
Year ended 31 August 2025
Anatysis of chang￿ In net debt
At
At 1 Sep 2024 Cash Ilows 31 Aug 2025
Cash at bank and in harKI
469,459
293,945
763.404
25. Rèlated partles
MaltA)Im Pein. lh& Chlef Execulive ot Chess in So*ools and CommunIt￿ {th6 "Charfty.) and
Secretary of Its subsidiary Chess Promotions Limited ('CPL'). Is a Director of Chess & Bdt1ge
Limited I"C&B'). During 2010, C&B signed a Suppty Agre8mont with the Charity and CPL
(together referred lo as the"Customeff}. to pmide the Customer ￿th certrdin goods and services
on standard trade terms. This Ir￿ude5 thess books, chess sets and boards, chess computer
sofvare. other chess rdated product8 and general admini51ralion support services. The
registered office of the Charity is also rent￿1 from C&B on a quartety rent8 of £6.200. The tot81
paid to C&B by the Charity duriThJ the year was £56.597 (2024: £78.6341. At year end £NII
remained payable12024'. £Nill.
Malcolm Pein is also a Director of Classical Games fcG") a company incorporated in the United
ststes of America. The total paid to CG by the Chartty during the year w&% £Nil 12024.. £Nill. At
th8 year end £Nil remained payable by thg Charty (2024.. £Nil).
Malcolm Pein is a Director of English Chess Federation and they reimbursed the Charity £Nil
12024.. £Nill in relation to expenses In￿rred on behalf of Ihe Federation. At year 8nd there was
no outstanding balance12024= £Nill.
Malcolm Pein's SLm welved £3.477 dUrir￿ the year12024: £3.636) for his work as a Ch9S5 tutor
at the Charity. The rate used wa8 in accordance with rates used for all peokle that work for the
Charity. At the year end £Nil was outstandlng {2024: £Nil).
There were transactions bets¥een Chess in Schools and Communriies aftd Chess Promotions
Limited. As at 31 August 2025 CPL owed ￿ Charity £77.96012024: £77.960}.

Chess in Schools and Communities
Company Limited by Guarantee
Notes to the Consolidated Financial Statements
Year ended 31 August 2025
26. Controlling party
There Is no umimate controll￿1g party.
27. Principal Subsldiariey
Tha folowng was a subsKliary un¢Jertaking of the Charlty:.
Name
Company number
Registsred office or
principal F￿ace of busingss
Orincipal activity
Clas8 of share5 holding
Chess Promrtions Ltd
07152226
44 Bak8r Stree( London W1U 7RT
lo exploit tha commercial value of various chess events
Ordinary 100% (tndtyJ$d in consolklation)
The financlal ￿Ults ofthe subsiJlary for the year were.. -
Income
Exwnditure
Profil (deficit for the year
Tax
Profit after lax
Net a88ets Il*bilities)
£17.417
£13,004
£4,413
£ 650
£ 3.763
£ 2.738