Charity registratlon number 1114429 CHAMPNEYS CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
CHAMPNEYS CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr A Whileley Mr P Mitchell Mrs D R Purdew {Deceased 05109120231 Charlty numbor 1114429 Reglstered offlce Henlow Grange Henlow Bedfordshire SG16 6DB Indépandènt examln&r Azels Audit Services Ashcombe Court Woolsack Way Godalming Surr6y Uniled Klngdom GU7 1LQ
CHAMPNEYS CHARITABLE FOUNDATION CONTENTS Pago Trustees report Independenl examiner's report ststemenl of financial activities Balance sheet Notes lo the financial $tstem•nts 7- 11
CHAMPNEYS CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2024 The Trustees presenl Ihelr annual report and financlal statements for the year ended 30 Aprfl 2024. It is with great sadness Ihat we report that Dorothy Purdew OBE, founder of the Champneys Health Spa Group and the Champneys Charitable Foundation, passed away in the prior year on 5th September 2023. She remained engaged, determined and passionate about the Champn8ys Spa family until the end. Indeed, she still enjoyed talking lo guests, staff and supporting charitable causes alike. The contTibution of Dorothy Purdew to the UK Spa industry and charilable causes cannot be overestimated. The financial statements have been prepared In accordance with the accounting policies sel out in note 1 to the financial statements and comply wllh the charity's goveming document, th8 Charities Act 2011 and 'Accounling and Reporting by Charities.. S181ement of Recommended Practic8 applicablè lo charities preparing their accounts in accordance with the Financial R8POrting Standard applicable In the UK and Rèpublic of Ir8land IFRS 102}" {8ffecliv8 1 January 2019}. ObJectlve8 and J¢tlvltle8 a. Pollcles and obJoetlve8 The cherity's obleclives are to prornot6 such charftabl8 purposes within the UK as the trustees shall from lime to time determlne by th8 provision of grant assistance lo other charStable bodies or lo individuals in particular with regard lo sick, disabled, or disadvantaged children and adults. Income Is ralsed by Champneys Group and through fundralslng acllvllles. There has been no change in the charity's objects durtng the year. The Trustees have pald due regard lo guidance issued by the Charity Commlsslon In decldlng what a¢llvltles the charity Should undertake. In settlng oblecllves and plannlng lor activitiès, the Trustées have given due eonsideratlon to genèral guid8nc8 published by the Charfty Commlsslon relatSng to publle benefit, including the guidance 'Public ben8ft1'. runnlng a charity IPB21', b. Grant . maklng pollcS99 The chariiy achleves ils purpose and objects by making grants to other charltl85 and Indivlduals. The number of charities and indivlduals which Ihts charity can 5UPPOrt is necessarily limited by the level of funds available for distribution in any year. The truslees have delemilned that prlority should be given lo making grants in order lo offer relBf to those in need and charities that operate in pursull of Health related activities and initiatives. The grant making prior51ies are revSewed annually, or more often, if deemed appropTiale by the trLsl6&s, and ther8 may be Changes in accordance with the trustegs, vlew of the m05t affective applicallon of the available funds at any point in lime. Any change lo the priorili8s musl still fulfil the charitable purposes and objects of the charoty.
CHAMPNEYS CHARITABLE FOUNDATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 A¢hlevernents and performance Flnanelal revlew The entire resources of the Charity are unrestricted and th8 trustees have complete discrellon over their use. During the year the income from donations fell to £44,352 (2023.. £93,209). this decrease was attributable to a reduction in personal di5posabl8 income. At the year end, unr85tricted funds amounted to £109,49412023: £113,278). It 18 the polScy of Ihe Charity that unrestricted funds which hav8 not been designated for a speclflc use should be maintained al a level equivalent lo twelve month's expenditure. The Trustees consider th81 reseNes 8t this level will ensure that, In the event of a significant drop in fundlng, they wlll be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The Irustees are aware that Ihe reserves at th8 r8POrting daté ar8 subslanlially in exces8 of e1v& months expendllure. During the year, the Ch8rily's bankers (Lloydsl closed Sts bank account as part of a corporate review. A Iradlng company, in which the Charity's Trustees are Directors, is now overseeing the collectSon of charilakje donatlons and paying out charitable grants from ils bank account, on behalf of the Chartly. This has glven rise lo a debtor in the Charity's accounts of £57,35612023'. £56.060). This amount is owed by the trading company. The Trustees have opened a now bank account In the Charity's name with other bank&rs. Also included in debtors due wllhln one year Is an 8mount of £Nil12023: £61,838) due from the Charity's previous bankers which is belng transferred into the new bank account. Resorvos Poll¢y The Irusl6es are aware of the requlremenl lo adopt a reserves pollcy. They are aware that sufficlent reserves need lo be retained lo cover the charity's expenditure, and potential shortfalls In Income. No formal assessment of a suitable amount lo be $8t aslde as free res8rves has been agre&d al present bul the trustees are aware that the charity h8s no ongolng commitments or fixed overheads. A formal resorvfrs polScy wlll b8 finallsed once a pallem of operational activity has been established, Rl•k Management Th6 trus188s are responsible for ensuring that the ¢hgrily has an approprlale system of control$, fin8nclal and otherwise. They are also responsible for $8feguarding the assets of the ¢harlty and hence for tsking reasonable steps for the prevention of fraud and other irregularities. Structure. governance and management Constitutlon Champneys Ch8rilabl& Foundatlon Ss an unlncorporaled charlty reglstered wlth the Charlty Commission under charity number 1114429 and is consliluled under a Trust deed dated 4 April 2006. The principal place of buslness is Henlow Grange. Henlow, Bedfordshlre, SG16 6DB. Methods of appolntment or electlon of Trustees The management of the Charity is the responsibility of th8 Trustees who are elected and c¢>opled und8r the terms of the Trust deed. New trustees May be appointed at any tim8, by majority vole of th8 current trustees. The total number of trustees May at no time fall bolow three. The trustees who served during the year are set out within the Legal and AdmSnlslrative infomiation.
CHAMPNEYS CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Flnanclal Rlsk Management The Trustees have assessed the major risks to whlch the Charity Is exposed, in partlcular those related to the operations and finances of the Charity, and are 5at15fi8d that 5y5t8ms and procedures are in place b miligale exposure to Ihe major rfsks. Statemont of Trusteès. re$ponslbllltles The Trustees are responsible for preparing the Trust86s' Report and the financial s18tgm8nts in accordan¢9 with applS¢able law and United Kingdom Accounting Standards (United Kingdom Gengrally Accgpted Accounting Pra¢ti¢e). The law applicable to charitles In England and W8les requires the Trustees to prepare financial statements for each flnaneial yèar whieh give a true and fair view of the sl819 of affairs of the charity and of the incoming resource8 and application of resources of the charity for that year. In preparing these flnanclal statements, th& Trustees are required to: select suitabl8 accounllng pollclés and then apply thèm eon$lsl8ntly; observe the methods and principles in the Charllles SORP. make judg8mènts and 8stimates that are r99sonable and prudent., st8t& whether appllcable accountlng slandards have been followed, subl&ct to any materlal departures dlsclosed and explaln&d in the financial statements; and preparé thè fSnan¢lal statement5 on the golng concern basls un18ss11 Is Inapproprlate to pr85ume that thè charlty will contlnue In operation. Th6 Trust@es are r&sponslbl8 for ké8plng sufficlènl accounllng r8cords that dlsclos8 wlth r8asonabl& accuracy at any tSme the financial poslllon of th8 charlly and ènable them lo ensurè that th8 flnanclal statements comply wlth the CharSties Act 2011, the Charfly IAG¢ounts and Reports) Regulatlons 2008 and th6 provI51ons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventi Ind detection of fraud and other Irregularille8. TheT was approved by thè Board of Trustees. MrA Whitel6 Trustee Date: .......
CHAMPNEYS CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAMPNEYS CHARITABLE FOUNDATION I reporl lo the Trustees on my examlnatlon of the flnanclal statements of Champneys Charltable Foundatlon (tho charity) for the year ended 30 Aprll 2024. This report is made solely to lh8 charfty's trustees. as a body, In accordance wlth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the charity's Iru51ees those matters l am required to stale lo them in an independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to gnyone other than the Charity and the chairty's trustees as a body, for my work or for this report. Rosponslbllltlos and bas18 of report AS Ihe Trustees of the charity you are responsSble for the preparation of the finan¢ial statements in accordance with the requirements of the Charitie$ Act 2011 {Ihe 2011 Acti. I report in resp6¢t of my examination of thè charity's financial slatem6nts carried out under section 145 of the 2011 Act. In carrying oul my examlnation I hav& followed all the appllcab18 0ir6clions given by th8 CharSty Commlsslon under section 14515llb} of the 2011 Acl. Indop•ndont oxamlna¢s statemont Your attention 1$ drawn lo the fact that the charity has prepared fin8ncial statements in accOrdae with Accounting and Reporting by Charities preparing their accounts in accordance with the Finanoial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102) in prefgrence lo the Accounting and Reportlng by Charltie5: Slalement of Recommended Practice Issued on 1 April 2005 which ig referred to In the exlanl regulatlons but has now been wlthdrawn. l understand that this has been done in order for financial slalem8nls lo provSde a truè and falr vlow Sn accordance wlth Generally Accepted Accountlng Practlce effectSve for reportlng perlods beglnnlng on or after 1 January 2015. I have completed my examination. I confirm that no matters havè com8 lo my all&nlion in conn8cllon wlth the 8xaminatlon glvlng me cause lo bell8v8 that in any material respect: a¢untIng records were nol kept in respect of the charfly 88 required by secllon 130 of the 2011 Acl., or the flnan¢lal slalements do nol a¢¢ord wllh those records., or the financial sla18menls do not comply with the applicable r8qulr8m8nts concerning iha form and content ol accounts sel out in the Charities IAccounl$ and Reports) Regulatlons 2008 other than any requirement that the accounts give a true and fair view which is not a matter consldgrod as part of an indep&ndenl examination. I have no concems and have com& across no other matters in connectlon with the examlnation to which attention should be drawn In this report in order lo enable a proper underslandlng of the flnan¢lal statements to be reached. Debra Saunders FCA Azets Audlt $8rvlcoS Ashcombe Court Woolsack Way Godalming Surr8y GU7 1LQ Unitgd Kingdom Dated.. 26 February 2025
CHAMPNEYS CHARITABLE FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unrestrlcted Unrestrlcted funds fundg 2024 2023 Not08 Donations and legacies 44,352 93,209 Raisin9 funds 108 Charltable activities 48,136 62,581 Total expendlturo 48,138 62,689 Net lexp&ndllure}Ilncom• for the yearl Net movement In funds 13,7841 30,520 Fund balanc8s at 1 May 2023 113,278 82.758 Fund balan¢o$ at 30 Aprll 2024 109,494 113,278 The statement of flnancial activllies includes all galns and losses re¢ognised in the year. All income and expenditure derive from continuing acllvities. The notes on page8 7 to 11 fomi part of these financial slalements.
CHAMPNEYS CHARITABLE FOUNDATION BALANCE SHEET ASAT30 APRIL 2024 2024 2023 Noles Current assets Debtors Cash at bank and in hand 10 57,356 62,338 117,898 119,694 117,898 Creditors: amounts falling due withln one year 11 110,2001 (4.6201 Nel current assels 109,494 113,278 Income fund8 Unrestricted fund8 109,494 113,278 109,494 113,278 The notes on pages 7 to 11 form part of these financial stalemenls. The ements were approved by th8 Trust88s on MrAWhi Tru$tO0
CHAMPNEYS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollcles Charlty Inforniallon Champneys Charitable Foundation is an unincorporaled charity reglstered wllh the Charity Commissirm under charity number 1114429 and is consliluted under a Trust deed daled 4 April 2006. 1.1 A¢¢ountlng ¢onventlon The financial statements have been prepared in accordance wlth the charity's Trust deed, the Charities Act 2011, FRS 102 "Th8 Financial Reporting Standard applicable in lh8 UK and Republic of Ireland. I'FRS 102"} and the Charities SORP 'Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with tho Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). The Charity Is a Public Benefit Entity as deflned by FRS 102. Th8 charity has taken advantag& of the provlslons in the SORP for ¢harities not lo prepare a Stat&n8nl of Cash Flows. The financial 8lalemenls have departed from thg Charities (Accounts and Reports) Regulations 2008 only to the 8Xtenl requirgd lo provlde a true and fair vlew. Thls departur8 has Involved followlng the Slalement ol Recommended Practice for charit18s applylng FRS 102 rather Ihan the version of the Slalemont of Recommended Practlce which Is referred to in the Regulations bul whlch has since been wlthdrawn. Th8 flnanclal statgmenls ar8 prepared In 8teTllng. whlch Is thè functlon81 currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the hSstorlcal cost convenllon. The prlncipal accounllng policies adoplod are set out below. 1.2 Golng concorn The Trusle8s consider that there are no mal8rial unc8rtalnlles concernlng thè charfly's ablllty lo contlnu8 as a golng concern. The Trustèes are of the opinion that the charity has negli9ible fixed recurring overheads and th8refore havlng considered post year-end financial results and cash reserves, the Trusl&8s have a rea$on8ble expectatlon that the cherlly has adequate resources lo ¢onlinue in operallon81 exisl&nc& for the foreseeable future. Thus, the Trustees continue lo adopt thp golng concern basls of accounting In preparing the financlal stalèmenl$, 1.3 Charltsble funds Unrestricted funds are available for use at the dlscretion of the Trustees In furtherance of their ¢harit8ble oblectlves. Re8lrict8d funds are subject lo specific conditlons by donors as lo how they may be used. The charity had no restricted funds for the period under review. 1.4 Income Income is recognised when the charity is legally entitled to it afler any perfonnance conditions have been met, the amounts can be measured reliably, and il is probable Ihal incom8 will be received. Cash donations are recognlsed on receipt. Other donations are r8cognised once Ihe charity has been notified of the donation, unless porformance condilions require deferr81 of the amount. Income lax recoverabl8 in relation to donations received under Gifl Aid or deeds of covenant is recognised at the time of the donation, Legacies are recognised on receipl or olherwise if the charity has been notified of an impendlng distrlbution, the amounl is known, and receSpt Is expected. If the amount is not known, the logacy Is trealed as a contingent asset.
CHAMPNEYS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollcles Icontlnued) 1.5 Expondlturo All expenditur815 reGognlsed on an accrual basis. Expenditur8 Is recognised once there Ss a legal or conslructive obligation to transfer economic b8n&fil to a third party. it is probable that a Iransfer of economic benefits will be qUired in settlement. and the amount ot the obligation can be measured reliably. Expenditure is classified by activity. The costs of each adivity are made up of th& total of direct costs and shared costs, including support costs involved In undertaking each activity. Direct ¢osts attributable to a single actlvlty are allocated direlY lo that activity. Shared costs which contribute to more than one activity and support cosls which are not allribulable to a singl8 8Ctivily ar& apportioned bet88n those activities on a basls consistenl with the use of resources. Exp8ndllur8 on raislng funds Includes all expendllure Incurred by the Charfly to ralsè funds for its charlt8ble purposes and Includes costs of all fundraising a¢llvities and events. Expenditurè on charitable actSvlt8s Is Incurred on dlrectly undertaklng the a¢livllle$ whlch fUrtr the Charfty's objecllve, as well as any assoclated support costs. All gxpendlture Is IncluslvB of Irrecoverable VAT. 1.6 Cash and cash equlval•nt8 Cash and cash equivalents include ¢8sh in hand, deposit5 held al call with banks, other short-lemi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wllhln borrowlngs In current Ilabllitles. 1.7 Flnanclal Instrumonts The charity has elected lo apply the provisions ol Sectlon 11 '8asic Financi81 Inslrumenls, and Sedion 12 'Other Financial Inslrum8nts156u8s' of FRS 102 to all of Its flnancial instruments. Financial instruments are recognlsed In the charity's balance shè81 wh8n the charlty becomes paty lo Ihe conlraclual provislons of the instrument. Financlal assets and liabilities are offset, wllh the net amount8 presented in the financial slalements, when there is a legally enforceable rlght lo sel off Ihe recognised amounts and Ih6r6 is an intention to settle on a net basls or to realSse the asset and settle Ihe liability simultaneously. 8aslc flnanclal assets Basic financial assets, whlch includ8 debtors and cash and bank balances, are Inltlally measured at transaction price includlng transaction costs and are subs8quenlly carried at amortlsed cost using the effe¢lSve InleTesl method unless the arrangement conslllut8s a financing transacllon, where the Iransacllon Ss measured al the pr8senl value of the future rec8ipls discounted at a market rale of inl8r6sI. Financial assets classlfied as recelvable wllhln one year are not amortlsed.
CHAMPNEYS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollcles {Contlnuedl Impairment of flnan¢lal assets Financial assets, other than those held at fair value through incom6 and expendilure, are assessed for indicators of impairmenl at each reporting dalè. Financial assets are Impalred where there is objective evidenc8 that, a5 a result of one or more events Ihat occurrèd aftèr the Inltial recognillon of the financial asset, the estimated future cash fEows hav8 be8n affected. If an assel is impaired, the impaimenl loss is the difference beeen the carrying amount and the present value of the eslimaled cash flows discounted al the asset's original effective interest rate. The impairment loss is recognised in net incomel(expendilurel for the year. If th&re Ss a d&cr&as8 In the Impalrment loss arlsSng from an event o¢currlng after the Impairment was re¢ognls6d, th6 Impalrm6nt Is revers6d. The reversal Is such Ihal the current ¢arrylng amount does not exceed what the carrylng amount would have been, had the Impalmienl not prevlously been re¢ognisèd. Th8 Impairment reversal Ss recognlsed In net Sncomellexpendilure) for the year. Dér•¢ognltlon ol flnan¢lal assets Financial 8ssets are derecognised only wh8n th8 conlraetual rlghls to the cash flows from the assel explre or are sellled, or when the ch3Tlty transfers the financial asset and substantially all the risks and r8wards of ownership to another entity, or if some significant rfsks and rewards of ownership are retained but control of the asset has transferred lo another party that is able lo sell the agsel in ils entirely lo an unrelated third party. Ba$lc flnanclal Ilabllltlos Basic financlal liabilities. IncludSng credlloTS and bank loans are initially recognised at Iransactlon prSce unless the arrangem&nt ¢onslilules a financing transaction, where the debt instrument Is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable wllhin one year are not amort188d, Debt Instruments are subsequently carrled at amortSsed cosl, uslng the effecllve Interest rate method. Tradg ¢rgditors are obligations to pay for goods or servicés that hav8 bèen acquSred In the ordlnary course of operatlons from suppllers. Amounts payable aro classlfiod as current Ilabllitles If payment Is due within one year or l&ss. If not, they are presented as non-currenl liabilities. Trade ¢redltors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest mothod. Dere¢ognltlon ol Ilnanclal Ilabllltles Financl81 liabilities are derecognlsed when the charlly'8 conlractual obllgatlons 8xplre or are discharged or cancelled. Offsettlng of Ilnanclal a5S8t8 and Ilnanclal Ilabllltles Financlal assets and liabilities are offs61 and the nel amount reported In the balance sheet when there is an enforceable light lo sel off the recognised amounts and there is an intenllon lo settle on a nel basis or realise Ihe asset and settle the liability simultaneously. Donatlons and legacles Unrestrlcted Unrostrlctod funds funds 2024 2023 Donations 44,352 93,209
CHAMPNEYS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Ralslng funds Unrestricted Unrestricted funds fund5 2024 2023 Fundraising expense 108 Charltable actlvltlos Unrgstrlcted Unrestrlcted fundi fund8 2024 2023 Grant funding of aclivilies (see note 51 Share of support cost$ 42,556 5,580 58,661 3,920 48,136 62,581 Grants payablo The charity h98 made the following malerlal grants to instltutions during the year.. Unre$trlctèd Unrnstrlctod funds funds 2024 2023 Petrol Headonlsm Shootlng Star Children Ukraine families In the UK Prevent Breast C8n¢er Ukraine crisis family housing DEC Earthquake 8ppeal SoccerAid UNICEF Henlow Parochial Church Other grants lo institutions 1,000 3,000 23,261 11,400 1,800 25,000 10,000 2,000 3,756 20.000 42,556 58,661 Independenl examlner remuneratlon The fee for the Independent Examination in the year was £4,20012023= £4,620). Trustees During the year, no Trustees received any remuneration or other benefits12023.' £Nil}. No Trustee expenses have been incurred12023'. £Nill. 10-
CHAMPNEYS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Employegs There were no employees during the year {2023: 0). As such, there were no employ685 who received benefils of more than £60,000 during the year {2023'. 0}. Taxatlon The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargoab16 Gains Act 1992 to the extent that these are applled to Its charllable objects. 10 Debtors 2024 2023 Amounls falllng due wlthln one year: Othor debtors 57,356 117,898 11 Crèdltors: amount$ falllng due wlthln one yaar 2024 2023 Accruals and d8f8rred In¢om8 10,200 4,620 12 Related party tran8actlon8 Included in olh8r debtors is an amount of £57,356 (2023 £56,060} due from Ch8mpneys Henlow Llmlled Group companies. 11