2021-06-30-accounts - Cornwall Chess Trust

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Trustees’ Annual Report for the period

From Ian George (Secretary) Period start date 1[st] July 2020 Period end date 30[th] June 2021

Charity name: Cornwall Chess Trust

Charity registration number: 1186792

Objectives and Activities

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SORP reference
Summary of the purposes Para 1.17 By the making of grants of money and by other
of the charity as set out means as the trustees shall think fit:
in its governing
document
(a) The advancement of amateur sport by
promoting the study and practice of chess in all
its forms for the benefit of the residents of the
County of Cornwall and persons in attendance
at educational establishments in the County of
Cornwall.
(b) The advancement of education in the
County of Cornwall by providing or assisting in
the provision of facilities for the teaching,
development and supervision of the playing of
chess in the County of Cornwall, in particular
but not exclusively amongst children and young
people and those new to chess.
Summary of the main Para 1.17 and Making financial grants to eligible individuals
1.19
activities in relation to and groups in furtherance of the above objects.
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.
Statement confirming Para 1.18 Yes
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit
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Additional information (optional)

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SORP reference

Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

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SORP reference
As at 30 [th] June 2021 the Trust was
in the early stages of its
operation, having approved a
Summary of the main number of grants in June 2021.
Para 1.20
achievements of the These will be paid in 2021/22 and
charity, identifying the further grants approved.
difference the charity’s
work has made to the These will raise the profile of
circumstances of its chess and general awareness of it
beneficiaries and any among the people of Cornwall and
wider benefits to society enhance facilities for playing the
as a whole. game.
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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
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against objectives set
Investment performance Para 1.41
against objectives
Other
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Financial Review

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Review of the charity’s Para 1.21 Funds from the donor’s estate
financial position at the were received in November 2021.
end of the period As at the financial year end the
trustees had embarked on a
programme of investment of the
majority of the funds in a
diversified portfolio of equities.
Statement explaining the Para 1.22 To generate investment income for
policy for holding the purpose of paying grants in
reserves stating why they accordance with the objects of the
are held trust.
Amount of reserves held Para 1.22 £133,165 as at 30 [th] June 2021
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 No uncertainties
uncertainties about the
charity continuing as a
going concern
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The charity’s principal
sources of funds Para 1.47
(including any
fundraising)
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
A description of the Para 1.46
principal risks facing the
charity
Other
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Structure, Governance and Management

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Description of charity’s
trusts:
Type of governing Para 1.25 Trust deed
document
(trust deed, royal
charter)
How is the charity Para 1.25 Unincorporated association
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Appoint by existing trustees.
methods including details
of any constitutional “In selecting individuals for
provisions e.g. election to appointment as trustees, the
post or name of any trustees must have regard to the
person or body entitled skills, knowledge and experience
to appoint one or more needed for the effective
trustees administration of the charity.”
Trust deed 9(3)
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Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure Para 1.51 and any wider network with which the charity works Relationship with any Para 1.51 related parties Other

Reference and Administrative details

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Charity name Cornwall Chess Trust
Other name the charity
uses
Registered charity 1186792
number
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Charity’s principal 3a Roskear, Camborne, TR14 8DF
address
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Names of the charity trustees who manage the charity

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 John James Chairman
2 Ian George Secretary
3 Percy Gill Treasurer
4 Lloyd Retallick Investment Officer
Robin Kneebone
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

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Trustee name Dates acted if not for whole
year
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Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Ian Michael George

Position (eg Secretary Secretary, Chair, etc)

Date 7[th] April 2022

Cornwall thtss Trust {Iu6792) 30June 2021 BALANCE SHEET Cwrent perlod gthd 30 June 2021 Prfor perfod end 31 Marth 2021 PrSor al end 30 Jun 2020 Cu ni C04)perative Bank 47.375 52.822 92,376 15.389 1fy).197 107.765 Purthase Cost Sale Proceeds Profit/l10$51 Dn Sate Revaluation .511 22.492 2,457 1.061 32.968 23.SS3 TOTAL ASSET5 £133.165 £131J18 lèn (knrge B.L, ACA- Treasurer 3a Roskear Camborne Cornwall TR14 8DF INDEPENDENT FINANCIAL EXAMINER'S CERTIFICATE I have exarnined these finantial Stateents. together with ihp undertyin8 records of the Cornwall C$ Trust. I hereby certify that In my opinion the finènual stslements havè been property prepared from the records of the trust and present a rdlable vlew of Its finanoal positi( as ai 3h June 2021. Rithwd Smith Ilndependent flnandal pxarnkfl

Cornwall ChessTYitst111867921 3OJune Z021 MOVEMENT ON RESERVE5 Currertpeiiodfro 31 Mwrth Year to date 3QJune 2021 Prior yearto Yojvne 201 Ihtomin Donatiorhs and Bequests Investment Income Profit IILossl on le of investments rÈSOiirtÈs 130.312 703 2,457 133A72 Ot Investrneni managerneni costs Grants Trustee ExpEnSeS 31 143 164 31 a07 SURPLUSIIDEFICITJ Opening balan 133.165 £Iy7 £133.165 £0

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