The Champniss Charitable Trust Unaudited Financial Statements 05 April 2025
Charity Number 1091775
VJH Accountancy Ltd Chartered Accountants The Zinc Building Ventura Park Broadshires Way Carterton Oxfordshire OX18 1AD
The Champniss Charitable Trust Unaudited Financial Statements Year Ended 5 April 2025
| Contents | Page | |
|---|---|---|
| TrusteesAnnual Report | 1 | |
| Independent Examiner's Report to theTrustees | 4 | |
| Receipts& Payment Account | 5 | |
| Statement ofAssets & Liabilities | 6 | . |
| NotestotheReceipts &PaymentsAccount |
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The Champniss Charitable Trust Trustees Annual Report Year Ended 5 April 2025
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 5 April 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Name
The Champniss Charitable Trust
Charity Registration Number
1091775
Principal Office
Old Chapel Chapel Lane Shipton-under-wychwood Chipping Norton OX7 6DJ
The Trustees
The trustees who served the charity during the year under review were as follows:-
Mrs S J Mundy Mrs VA M Champniss Mr J Champniss
Independent Examiner
Andrew Churchill Stone, FCA DChA
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Champniss Charitable Trust is an unincorporated charity, registered number 1091775, which was created by a declaration of trust on 6 April 2001.
Organisational structure
The charity is administered by the trustees comprising of the individuals who are the trustees of the charity at any given time including the first trustees and their sucessors. In selecting individuals for appointment as trustees, the trustees have regard to skills, knowledge and experience required for the effective administration of the association.
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The Champniss Charitable Trust Trustees Annual Report (continued) Year Ended 5 April 2025
OBJECTIVES AND ACTIVITIES
Objectives
The trust fund is held for the benefit or furtherance of such charitable institution or charitable purposes in such manner and (if more than one) in such shares as the trustees shall in their absolute discretion from time to time determine.
Activities
The trust was historically financed by contributions from Panstar Group Ltd, a company registered in England & Wales. The final donation made by the company was £250,000 in July 2016. This has since been followed by a substantial legacy left to The Champniss Charitable Trust by the estate of L J Champniss.
The Trustees apply the funds at their discretion. The trustees are committed to continuing with the current level of charitable donations from income realised from investments.
ACHIEVEMENTS AND PERFORMANCE
The trust has continued to earn income from its invested funds and income from property.
During the year under review the trust continued its donation policy and made donations to 17 charitable organisations. Details of the charitable organisations that were donated to can be found on pages 7 and 8.
FINANCIAL REVIEW
Reserves Policy
Charitable free reserves are defined as income which becomes available to the charity and is to be spent at the trustee's discretion in furtherance of the charity's objectives but which is not yet spent, committed or designated.
The free reserves of the charity are represented by the accumulation of cash reserves from surpluses of receipts over payments in both the current and past financial years. The charity currently has minimal running costs that require financing and can retain the majority of its free reserves for the purpose of financing its future charitable objectives.
The level of reserves are reviewed regulary by the trustees and the charity's reserves policy is to maintain accumulated funds at a suffficient level to meet at least one year's administration costs.
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The Champniss Charitable Trust Trustees Annual Report (continued) Year Ended 5 April 2025
RESPONSIBILITIES OF THE TRUSTEES
The Champniss Charitable Trust's trustees are responsible for preparing the Trustee Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on a the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraudand other irregularities.
Signed on behalf of the Trustees
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Mrs S Jrae
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Chairman
I3 |? e/ 26 Date
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The Champniss Charitable Trust Independent Examiner's Report to the Trustees of The Champniss Charitable Trust Year Ended 5 April 2025
I report on the financial state of the charity for the year ended 5 April 2025 set out on pages 5 to 8.
Respective Responsibility of Trustees and Independent Examiner
The charity's trustees are resposible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the financial statements (under section 145 of the 2011 Act); - to follow the procedures laid down in the General Directions given by the Charity Commision (under section 145(5)(b) of the 2011 Act); and
:
- to state whether particular matters have come to my attention.
Basis of Independent Examination's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commision. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the financial statements present a true and fair view.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material aspect the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the Act)
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financial statements are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Andrew Churchill Stone, FCA DChA Chartered Accountant VJH Accountancy Ltd
The Zinc Building, Broadshires Way Carterton OX18 1AD
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The Champniss Charitable Trust Receipts and Payments Account Year Ended 5 April 2025
| Note | 2025 | 2024 | |
|---|---|---|---|
| INCOME | |||
| Investment income - bank interest received Investment income - dividends |
6,293 14,684 |
1,460 14,207 |
|
| Repayment ofOxycliffloan made by L J Champniss Rent received - StAnnesCottage Insurance received - Tudor Barns |
25,000 30,900 4,240 |
- 30,375 947 |
|
| Rent received - Tudor Barn | 47,192 | 19,200 | |
| HMRC VAT Repayment | 20,291 | 3,811 | |
| Other - error fromTrustee account | - | 1,268 | |
| TOTALINCOME | 148,600 | 71,268 | |
| EXPENDITURE | |||
| Direct Charitable Expenditure | |||
| Donations to Charities | 1 | 16,000 | 91,308 |
| St Annes Cottage | 15,622 | 3,224 | |
| Tudor Barn | 235,996 | 58,279 | |
| HMRC VAT Payments | - | 4,220 | |
| Utilities | 25,041 | - | |
| Other - 2024 error from Trustee account | 1,268 | - | |
| Other expenditure | |||
| Accountancy Fees | 1,956 | 360 | |
| TOTALEXPENDITURE | 295,884 | 157,392 | |
| SURPLUSOF(EXPENDITURE)OVERINCOMEFOR THEYEAR | (147,284) | (86,123) | |
| Bank balances brought forward | 456,105 | 542,228 | |
| Bankbalancescarriedforward | 308,821 | 456,105 |
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The Champniss Charitable Trust Statement of Assets and Liabilities
As At 5 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bankbalances | ||
| Barclays | 180,656 | 298,797 |
| Nationwide Instant Saver | 53,308 | 52,200 |
| Nationwide 1 Year Saver | 110,292 | 105,108 |
| 344,256 | 456,105 | |
| Tangible FixedAssets | ||
| Freehold Property | 2,240,000 | 2,240,000 |
| OtherAssets | ||
| Investments (at cost): | ||
| 8,744.246 Charinco Common Investment Fund | 16,518 | 16,518 |
| 56,075.661 CharishareCommon Investment Fund | 193,340 | 193,340 |
| 50,000.000 St James' Place Investment Fund | 50,000 | 50,000 |
| 130 shares from OxycliffLimited | 130 | 130 |
| The market value ofthese assets is shown in note 2 | 259,988 | 259,988 |
| Investmentincomedue butnotpaid | - | - |
| Moneyheldin JS Lane clientaccount | 9,312 | - |
| Liabilities | ||
| Accruals | - | - |
These accounts were approved by the Trustees on |3O 2/26
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Mrs S J Mundy Trustee
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The Champniss Charitable Trust Notes to the Receipts & Payments Accounts Year Ended 5 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | E | ||
| 1 | DONATIONS TO CHARITIES | ||
| AlexanderDevine BarnOwl Centre |
zs 1,000 |
1,000 1,000 |
|
| Bipolar Foundation | = | 1,000 | |
| Bridwell Organic Gardens | ” | 1,000 | |
| Buckinghamshire Community Foundation | “ | 1,000 | |
| ButterflyGarden | 1,000 | 1,000 | |
| Chance to Shine | - | 1,000 | |
| Combat Stress | 1,000 | 1,000 | |
| CrossroadsCare | 1,000 | 1,000 | |
| DiabetesUK | 1,000 | 1,000 | |
| Emmaus Oxford | 1,000 | - | |
| Help for Heroes | 1,000 | 1,000 | |
| James Hopkins Trust | 1,000 | 1,000 | |
| Kingfisher Treasure Seekers | 1,000 | 1,000 | |
| Longfield | 1,000 | 1,000 | |
| Marie Curie | 1,000 | 1,000 | |
| Midlands AirAmbulance | 1,000 | 1,000 | |
| Parkinsons UK | - | 1,000 | |
| ProstateUK | ~ | 1,000 | |
| Rennie Grove Hospice Care | 1,000 | 1,000 | |
| Shrubditch Care Farm | 1,000 | 1,000 | |
| Thames Hospice Care | - | 1,000 | |
| Thames ValleyAirAmbulance | 7 | 1,000 | |
| Wheelpower | - | 1,000 | |
| WinstonsWish | 1,000 | 1,000 | |
| Yellow Submarine | = | 1,000 | |
| Bath Institute for Rheumatic Diseases | - | 500 | |
| British Tinnitus Association | - | 1,000 | |
| The Primary club | “ | 500 | |
| CarriedForwardtoPage8 | 15,000 | 27,000 |
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The Champniss Charitable Trust Notes to the Receipts & Payments Accounts (continued)
Year Ended 5 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| 1 | DONATIONSTO CHARITIES | ||
| Brought Forward from Page 7 | 15,000 | 27,000 | |
| Thrive | - | 1,000 | |
| Tiggywinkles | 500 | 500 | |
| ClearSky Children | - | 1,000 | |
| Oxon Community Foundation | - | 1,000 | |
| Special Effect | - | 1,000 | |
| RetinaUK | - | 1,000 | |
| Ruskin Mill Trust | 500 | 500 | |
| The Silverline | - | 1,000 | |
| Pro Cricketers Trust | - | 500 | |
| AgroforestryResearch Trust | - | 1,000 | |
| BeisBrucha | - | 1,000 | |
| Epilepsy Action | - | 1,000 | |
| Epilepsy research | - | 1,000 | |
| Epilepsy Society | - | 1,000 | |
| Foresight | - | 1,000 | |
| Reforesting scotland | - | 1,000 | |
| Support Dogs | - | 1,000 | |
| Sydenham garden | - | 1,000 | |
| Thrive NorthOXON | - | 1,000 | |
| HFT 8 Westward Rd | - | 1,500 | |
| Speech and Language UK | - | 12,308 | |
| The Urology Foundation | - | 33,000 | |
| 16,000 | 91,308 | ||
| 2 | VALUATION OFINVESTMENTS | ||
| 8,744.246 Charinco Common Investment Fund | 12,478 | 12,550 | |
| 56,075.661 Charishare Common Investment Fund | 401,517 | 402,414 | |
| 50,000.000 St James’ Place Investment Fund | 75,842 | 82,555 | |
| 130 shares from OxycliffLimited | 130 | 130 | |
| 489,967 | 497,648 |
3 TRUSTEES EXPENSES
During the year NIL expenses were paid to the trustees (2024: NIL)
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