An important issue has been raised in this CEO election:
“… the future allocation of approximately £200,000 of investments, cash and other assets that remain in the BCF.”
(Malcolm Pein’s Election Address, not referenced in Mike Truran’s Election Address).
Some BCF funds have already been transferred to the Chess Trust, whose assets already stand at an impressive three-quarters of a million pounds. Much of this came from the Richard Haddrell bequest in 2016. For details of the most recent accounts of the Chess Trust, see:
https://www.chesstrust.org.uk/wp-conten ... .08.20.pdf
The proceeds (rather than the capital) are being used largely to help to develop the talents of England’s most promising juniors. Details of this “Accelerator Programme” may be found at:
https://www.chesstrust.org.uk/accelerator-programme/
Furthermore, as the Chess Trust states on its Home Page:
“As part of its long-term strategy the Trust is making a large investment in developing young players through its Accelerator Programme. Therefore, the Trust is currently not accepting further applications for support …”
Council members need to be aware, if they are not already familiar with this issue, that if they wish to use capital from investments to support grass-roots chess, including but not limited to juniors, transferring even more BCF resources into the hands of the already well-funded Chess Trust is not the way to go.
This is an issue for the ECF Council to (re)consider, rather than simply a difference between two potential CEOs, and I am therefore pleased to read in his Election Address that Malcolm Pein is "
against these funds being moved anywhere other than the ECF and I have tabled a motion for Council to consider."