Charity Number: 800015
The Champniss Foundation
Finaneial Statement$
for the year ended 05 April 2024

The Champniss Foundation
Page
Contents
Infomation
Trustees, Annual Report
Accountants, Report
Income and Expenditure Account
Balance Sheet
Page I

The Champniss Foundation
Information
Registered Charity Number
800015
Chairman of Trustees
Mr R. N. Hobson
Registered OffKe
26 Park Road
Bushey
Herts
WD23 3EQ
Trustees
Mr 11 N. Hobson
Mr J. S. Lane
Mr B D A Welch (appointed 1615122)
Independent Examiners
Macalvins Limited
Chartered Accountants
& Registered Auditors
7 St John's Road,
Harrow,
Middlesex
HAI 2EY
Page 2

Tbe Champniss Foundation
Report of tbe trustees
for the year ended 5 April 2024
The Trustees present their Report and Financial Statements of the charity for the year ended 05 April 2024. The
financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and
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.
Structure, Governanee and Management
The body responsible for the management of the Charity is the Board of Trustees. The Board of Trustees meet
regularly to manage its at"tairs. The Champniss Foundation is an unincorporated charity, registered number
800015 which was Created by a declaration of trust on 5th February 1988.
The trust fund was fom]ally created by the latc Mr G H C Champniss, the late Mrs D Champniss, the late Mr L
J Champniss and the late Mr A B Champniss on 5 February 1988 and is registered by the Charity Commission.
The income of the trust is exempt from taxation.
Board of Trustees
The Board of Trustees who served during the year 2023124 are listed on page 2 of the financial statements.
Trustees are appointed under the statutory power of appointment exercisable by the Trustees.
Organisation Strllcture
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 succeswrs. In selecting individuals for appointment as
trustees, the trustees have regard to the skills, knowledge and experience required for the effective
administration of the Foundation.
Objectives and activities
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. In particular but without prejudice to the generality of the foregoing, the trust fund is held for the
advancement of education among pupils attending a school, college or other educational establishment by
awarding scholarships, to be known as Champniss Foundation Scholarships, ro one or more pupils who are
under twenty-five years of age at such time and in such manner as the Trustees shall ID th¢ir absolute discretion
think fit.
The Trust has historically been financed by contributions from Panstar Group Ltd. a company regiskred in
England and Wales which company has now been voluntarily liquidated. One of the Truslees, Mr. A.B.
Champniss (died 7/1122) has Elliide substanlial donations to the Trust to secure its income for the tuture. The
Trustees apply the Trust Funds at their discretion.
Achievement and Performance
During the year under review the trust made multiple donations for a number of charitable purposes including
scholarships to Mountvicw, the PurLell School and thc Grosvenor Chapel and donations to Speak Out in
Hounslow, St Albans International Organ Festival, The Chapter at Wells Cathedral, Speak & Language UK,
Ataxia UK, Second Chance Children's Charity. The Carers, Trust, Howe Dell School, De Paul UK. Hounslow
Arts Trust, The Red Trust Bushey, The Urology Foundation and the GrosvenuT Chapel (in addition to an organ
scholarship).
Financial Review
During the year ended 5 April 2024 income from Dividends receive￿ interest and rent amounted to £245,991
against which was charged expenditure of £30,980 and donations made of £167,986. Surplus income of
£503.292 has been catried forward.
Page 3

The Champniss Foundation
During the year a further sum of £743,268 was received from the estate of the late Alfred Bertram Champniss
who died on 7 January 2022. The sum was received after the necessary authorisation from The Charity
Commission pursuant to section 105 of the Charities Act 201 I which was obtained for the Trustees to consent
on behalf of the Champniss Foundation to a proposed partition of the Residuary Estate Will Trust of the Will or
the late Alfred Bertram Champniss of which the Champniss Foundation was the remaindern]an, the life tenants
under the Residuary Will Trust being the trustees ofthe Foundation aside from Jonathan Lane. This arrangement
has very significantly accelerated the Foundation's enjoyment of its entitlements under the Residuary Will "frust.
Reserves Policy
Charitable free reservcs are defined as incoTne which becomes available to the charity and is to be %pent at the
trust¢¢'s discretion in furtherance of any of the charity's objectives, but which is not yet spent, committed or
designated.
Risks Management
The Trustees havc assessed the rnajoT risks to which the Charity is exposed on an ongoing basis and are salisfied
that systems are in place to reduce exposure to these risks.
Statement of trustees, respoDsibilities
The trustees are responsible for PTeparing the Trustees 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 and Wales requires the trustees to prepaTe 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 stalements, the
trustees are required to".
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgements and estimates that are Teasonable and prudent.
State whether applicable accounting standards have been followed, subject to any malerial 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 chaTity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclosc with rea50nablc accuracy at any
time the financial position of the charity and enablc them to ensure that the financial statements comply with
the Charities Act 201 l. The Irustees are also responsible foi safeguarding the as.sets of the charity and hence for
tdking reasonable steps foT thc prevention and detection of fraud 4￿d other irregularities.
Jonathen Lane's firm, J S Lane & Co Solicitors are a service provid¢r for the charity and the firni is paid a
commercial rate for its services
This report has been approved by the Board of Trustees on
16101125
and signed on its behalf by
R. N. Hobson
Trustee
Page 4

The Champniss Follndation
Accountants, re￿)rt on the unaudited financial ststements to the trustees of The Champniss Foundation
We report on the financial statements for the year ended 5 April 2024 set out on pages 6 and 7.
Respective responsibilities of Trustees and Independent examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that
an audil is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and ihat
an independent examination is needed.
It is our responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the General Directions given by the Charity Commission
(under section 145(5Xb) of the Charities Act), and
to State whelher particular matters have come to our attention.
Basls of oplnfion
Our examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination i￿lUdeS a review ofthe accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts
and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether
the accounts present a 'true and fair, view, and the report is limited to those matters set out in the statem¢nt
below.
Independent examiner's stalement
In connection with our examination, no matter has come to our attention:
( l ) which gives us rcasonable cause to believe that in, any material respecL the requirements:
to keep accounting records in accordance with section 130 of the Charities Act.
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Charities Act have not been met. or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of
the accounts to b¢ reached.
Macalvins Limited
7 St John's Road
Harrow
Middlesex
HAI 2EY
Page 5

The Champniss Foundatio
Ineome and Expenditure Account
for the year ended 5 April 2024
2024
2023
INCOME
Dividends received
Other Interest received
Rent received
Mortgage Interest receivable
180,970
41,438
13,500
10,083
187,684
8,515
12,122
245,991
EXPENDITURE
Accountancy fee
Professional f¢¢s
Insurance
Donations
Bank charges
Trustee travel expenses
208,321
4,680
24,700
806
167,986
21
773
7,380
25,540
791
221,320
13
875
198,966
255,919
Surplus/(DefIciency) of income over expenditure
47,025
47,598)
Revenue account for the year ended 5 April 2024
Funds brought forward
456,267
503,865
Surplus/(Deficit) as above
47,025
{47,598)
Funds carried forward
503,292
456,267
Capital account for the ye2r ended 5 April 2024
Funds brought forward
6,755,967
6,260,942
Donations received
743,268
1,030,129
Unrealised gain/(loss) on managed portfolio
529,588
(535,104)
Funds Ca￿led fonvard
8,028,823
6,755,967
Page 6

The ChampD15S Foundation
Balance Sheet
as at 5 April 2024
2024
2023
Fixed Asset5
Freehold Property at cost
307.501
307,501
Current A55ets
Cash at bank
1,722,615
1,186,054
Mortgages
260,083
Investments- Managed portfolio (stated at
Market value)
6,233,689
5,704,101
Debtors (JS Lane & Co.)
12,907
37,258
Creditors". amounts falling due
within one year
(4,680)
{22,680)
Net Current Assets
8,224,614
6,904,733
8,532,115
7,212,234
Unrestrieted Fund
Capital Fund
8,028,823
6,755,967
Income Fund
503,292
456,267
Total Fund
8,532,115
7,212,234
Approved by the Board of Trustees on
Si￿ed on its behalf by
IL N. Hobson
Trustee
J.S, LAAE
T0￿sT&
5.b.k. p4ELC4
TR￿S
Page 7