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Registered number: 13023521
Charity number: 1210171
SHE PLAYS TO WIN
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
CONTENTS
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Reference and Administrative Details of the Company, its Trustees and Advisers
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Independent Examiner's Report
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Statement of Financial Activities
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Notes to the Financial Statements
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Trustees
Lorin D'Costa, Chair (appointed 1 October 2024)
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Naheed Vyas, Trustee (appointed 1 October 2024)
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Dr Kanwal Bhatia, Trustee (appointed 1 October 2024)
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Paul Lowe, Trustee (appointed 1 October 2024)
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Dipal Patel, Trustee (appointed 1 October 2024)
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Jennifer Gelain-Sohn, Trustee (appointed 1 October 2024)
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Rashmi Vikram Prabhakar, Trustee (appointed 1 October 2024)
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Company registered number
13023521
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Charity registered number
1210171
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Registered office
9th Floor, 107 Cheapside, London, EC2V 6DN
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Chief executive officer
Lorin D'Costa
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024
The Trustees present their annual report together with the financial statements of the SHE PLAYS TO WIN for the year 1 December 2023 to 30 November 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity's objectives are:
(a) the advancement of education for the public benefit by promoting the mental and moral development and
improvement of females, through the promotion, teaching, coaching, playing and competition of chess;
(b) the advancement of amateur sport, including the encouragement of community participation in females,
for the public benefit, through the promotion, teaching, coaching, playing and competition of chess; and
(c) the promotion of social inclusion for the public benefit through the promotion, teaching, coaching, playing
and competition of chess among females, who through social, financial or other means have not previously
had the opportunity to play chess.
The girls benefit by participating equally with boys in a currently male dominated game.
Girls attain skills which will assist them for life, such as confidence, focus, learning to handle failure, perseverance, persistence, analytical skills and many more.
Chess is known to help with keeping young children and adults free from developing mental health issues and is an exercise/sport for the mind.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
Objectives and activities (continued)
b. Strategies for achieving objectives
She Plays To Win has run a number of chess related activities for UK girls, aged in primary, secondary and university age groups.
University Tournaments, currently held at Newcastle University and Warwick University, with plans to expand
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Athena Finals, the main flagship tournament for girls, is open to all Uk girls in primary, secondary and university ages. Online qualifiers with the Finals held in London each March.
Online weekly training: with 2 female coaches, Cassie and Camelia, on Zoom and Lichess. Over 30 girls weekly take part on these.
Schools chess leagues online, where over 130 UK primary and secondary girls compete every school half term.
Encouraging 150+ girls to participate in the national girls schools championships.
Teams in the 4NCL national league, to provide opportunities for slow high-quality games against top adult players. This allows our very strongest UK girls the opportunity to test themselves in the prestigious chess league in the UK.
Objectives of the charity are as our mission page: https://www.sheplaystowin .co.uk/mission
c. Activities undertaken to achieve objectives
She Plays To Win (SPTW) is a charitable project whose aim is to encourage more girls to learn, play and benefit from chess.
Year on year the charity attracts more girls from across the UK to join She Plays To Win and get involved in our activities. The charity wishes to further the number of girls playing chess, and the benefits that brings.
Funds have been spent on venues, coaches to teach girls at events, and other materials to ensure we are able to offer the above to girls in the age ranges.
As a charity, we have full charitable status since September 2024 and have governance and policies in place to protect girls and trustees.
Achievements and performance
a. Main achievements of the Company
Bringing in over 200 girls who signed up to our SPTW Programme.
Over 60 of the best UK girls offered the opportunity to improve international rating and experience in the national league as part of the SPTW squad.
Average of 130 girls on a half termly basis participating in the online girls schools leagues, from schools across the UK.
Weekly training groups for girls with monthly prizes and encouragement to use the Chesskid learning tool.
Financial review
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
It is the policy of the Charity to maintain unrestricted funds at a level which the Trustees consider appropriate after taking account of the future commitments of the Charity.
As at 30 November 2024 the Charity had £7,576 unrestricted funds.
The Trustees review the financial and cash position of the charity at every Trustees' meeting, using a twelve months' ahead cash flow forecast and up to date management accounts. Based on projects contracted, they are satisfied that the charity is equipped to continue its activities over the next twelve-month period.
Structure, governance and management
a. Constitution
SHE PLAYS TO WIN is registered as a charitable company limited by guarantee and was set up by a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
SPTW is a very small charity run entirely by volunteers. As our work focuses on supporting girls who play chess, we recruit trustees primarily from people who already have a close connection to our mission: coaches, organisers in girls’ chess, or parents of girls who play.
This keeps the board in touch with the real needs of the girls and families we help.
Vacancies are advertised on our website, newsletter and or on relevant social media. Anyone who shares our aims is welcome to apply. Appointments are made by existing trustees on the basis of the skills and experience the board most needs at the time.
Members' liability
The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102);
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 3 December 2025 and signed on their behalf by:
Lorin D'Costa
(Chair of Trustees)
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Dr Kanwal Bhatia
(Trustee)
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024
Independent Examiner's Report to the Trustees of SHE PLAYS TO WIN ('the Company')
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I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 November 2024.
Responsibilities and Basis of Report
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As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
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I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 3 December 2025
ARATI PATEL FCCA
64 PINE GARDENS, RUISLIP, HA4 9TJ
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 NOVEMBER 2024
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Total funds brought forward
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Total funds carried forward
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The Statement of Financial Activities includes all gains and losses recognised in the year.
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The notes on pages 10 to 17 form part of these financial statements.
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
REGISTERED NUMBER: 13023521
BALANCE SHEET
AS AT 30 NOVEMBER 2024
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Creditors: amounts falling due within one year
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Net current assets / liabilites
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Total assets less current liabilities
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Net assets / liabilites excluding pension asset
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The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 03 December 2025 and signed on their behalf by:
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
REGISTERED NUMBER: 13023521
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024
Lorin D'Costa
(Chair of Trustees)
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Dr Kanwal Bhatia
(Trustee)
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The notes on pages 10 to 17 form part of these financial statements.
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
The Charity is a company limited by guarantee. It is incorporated in the UK and registered in England and Wales. The members of the Company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
SHE PLAYS TO WIN meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
2.Accounting policies (continued)
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Tangible fixed assets and depreciation
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Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Liabilities and provisions
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Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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Income from donations and legacies
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Income from other trading activities
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Income from non charitable trading activities
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Charity trading income - Domestic
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Charity trading income - Domestic
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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Expenditure on raising funds
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Costs of raising voluntary income
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Marketing & publicity material
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Marketing & publicity material
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Analysis of expenditure on charitable activities
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Cost of training and chess tournaments
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
6.Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
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Cost of training and chess tournaments
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Analysis of expenditure by activities
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Activities undertaken directly
2024
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Cost of training and chess tournaments
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Activities undertaken directly
2023
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Cost of training and chess tournaments
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Independent examiner's remuneration
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No fees were paid to the independent examiner in the current year or the prior year.
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Trustees' remuneration and expenses
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During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
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During the year ended 30 November 2024, Trustee was reimbursed expenses incurred of £1,000 for provision of training and organising chess tournaments (2023: £2,200).
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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Creditors: Amounts falling due within one year
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Financial assets measured at fair value through income and expenditure
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Financial assets measured at fair value through income and expenditure comprise….
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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Statement of funds - current year
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Balance at 1 December 2023
£
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Balance at 30 November 2024
£
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General Funds - all funds
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Statement of funds - prior year
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Balance at
1 December 2022
£
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Balance at
30 November 2023
£
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General Funds - all funds
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Summary of funds - current year
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Balance at 1 December 2023
£
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Balance at 30 November 2024
£
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SHE PLAYS TO WIN
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
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Summary of funds (continued)
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Summary of funds - prior year
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Balance at
1 December 2022
£
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Balance at
30 November 2023
£
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Analysis of net assets between funds
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Analysis of net assets between funds - current period
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Analysis of net assets between funds - prior period
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Creditors due within one year
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