Strategy & Policy

The Hull and East Riding Chess Association Charitable Trust is a registered Charity (number 1155858). Our vision is for ‘Hull to become one of the best places to play Chess in the UK and for Hull to have one of the most forward thinking and vibrant Chess environments in the UK. We will make Hull recognised as a good place to play Chess and make people want to come to Hull to play Chess.

To achieve this aim we have agreed a number of agreed strategies, in particular our Chess Strategy which outlines our five to ten year ambitions.

• Chess Strategy – the chess ‘promotion and development’ strategy – what we are trying to achieve over the next five to ten years. This is the key strategy document as the others are, in effect, enablers, to provide for us to deliver the Charity’s objects as set out in our Constitution.
• Junior Chess Strategy – how we are going to develop junior chess over the next four years
• Investment Strategy – how we decide to invest our funds, the required return and overall longer term view of our investments. After discussion the Trustees agreed to place the funds with Cardale Investment managers, a local company.
• Financial Strategy – how we are going to spend our income from our investments and other income. A budget based approach reviewed on an annual basis.
• Reserves strategy – money we will keep aside for ‘emergencies’ and to minimise any short term financial risk from variations in the capital provision of the Charities Investment Funds. The amount agreed is equal to one years expenditure.

The Charity is run by up to 15 Trustees who form the committee of the Hull and East Riding Chess Association (HERCA). The Constitution and Bye-laws of the Charity outlines how it is run. The accompanying HERCA Rules relating to the actual playing environment can be found on the competitions page. The Chariy has agreed role description for each of its officer posts. These may be found here.