Registered number: 1108720
THE JOHNSON FAMILY CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
THE JOHNSON FAMILY CHARITABLE TRUST
| CHARITY INFORMATION | |
|---|---|
| TRUSTEES | C G Johnson |
| D J Way (resigned 24 April 2023) | |
| S T Clews (resigned 24 April 2023) | |
| N J Johnson (resigned 24 April 2023) | |
| PIP Trustees Limited (appointed 24 April 2023) | |
| CHARITY NUMBER | 1108720 |
| PRINCIPAL OFFICE | Hill View House |
| The Hill | |
| Cranbrook | |
| Kent | |
| TN17 3AD | |
| ACCOUNTANTS | Creasey Son & Wickenden |
| Chartered Accountants | |
| Hearts of Oak House | |
| Pembroke Road | |
| Sevenoaks | |
| Kent | |
| TN13 1XR | |
| INDEPENDENT EXAMINER | M K Lunt FCA |
| Hearts of Oak House | |
| Pembroke Road | |
| Sevenoaks | |
| TN13 1XR | |
| BANKERS | HSBC Private Bank (UK) Limited |
| 78 St James's Street | |
| London | |
| SW1A 1JB |
THE JOHNSON FAMILY CHARITABLE TRUST
| CONTENTS | ||
|---|---|---|
| Page | ||
| Trustees' report | 1 - 2 | |
| Independent examiner's report | 3 | |
| Statement of financial activities | 4 | |
| Balance sheet | 5 | |
| Notes to the financial statements | 6 - 8 |
THE JOHNSON FAMILY CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their report and the financial statements for the year ended 5 April 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Johnson Family Charitable Trust (previously the Ladham Charitable Trust) is registered with the Charity Commissioners (No. 1108720) and constituted by Deed of Trust dated 14 June 2001 as amended by resolutions dated 7 October 2008, 14 February 2022 and 24 April 2023.
The trustees who have served during the year and since the year end are set out on the Charity Information page. The original settlor, Mr C G Johnson, has the power to appoint new trustees and any one trustee can retire at any time they see fit. The minimum number of trustees is two. The trustees meet to assess grant applications and to review and accept individual grant applications during the year.
OBJECTIVES AND ACTIVITIES
The object of the trust is to apply capital and income to or towards or for the benefit or furtherance of such charitable purposes or charitable institutions at their absolute discretion.
INVESTMENT POLICY
The trustees have this under constant review and if a suitable investment come up they would invest appropriate funds in order to further the charity's objectives.
GRANT MAKING POLICY
The trustees' grant making policy is to focus on organisations seeking to assist disadvantaged children both in the UK and overseas.
ACHIEVEMENTS AND PERFORMANCE
During the year the trust received incoming resources of £45,279 (2023 - £20,716) .
During the year the trust made 19 grants ( 2023: 13) totalling £124,700 ( 2023: £53,009 ) in the following areas:
| areas: | ||
|---|---|---|
| £ | £ | |
| Medical | 78,000 | 200 |
| Education | 10,000 | 7,159 |
| Community | 36,700 | 25,650 |
| Overseas | - | 20,000 |
Note 7 to the accounts gives further details about material grants made in the year.
FINANCIAL REVIEW
The net assets of the charity as at 5 April 2024 amounted to £921,084 (2023 - £1,005,141).
As shown in the Statement of Financial Activities, the net decrease in funds for the year was £84,057 (2023 - increase £949,158).
Page 1
THE JOHNSON FAMILY CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024
RESERVES POLICY
The Trustees have not entered in to any contractual commitments and do not have any ongoing expenditure. The Trustees therefore consider that it is unnecessary for the charity to hold any reserves.
RISK MANAGEMENT
The trustees have considered the major risks to which the charity may be exposed, and are satisfied that systems are in place to mitigate exposure to these risks.
PLANS FOR THE FUTURE
The trustees reviewed and accepted grant applications during the period under review. It is the trustees intention to continue to review grant applications in future and make donations where they see fit.
PROOF OF THE TRUST PUBLIC BENEFIT PURSUANT TO THE CHARITIES ACT 2011
In order to conform with guidance issued by the Charity Commission, a number of questions were addressed during the course of a general meeting, the answers to which gave the trustees reason to believe, firstly, that the activities of the charity passed the test of public benefit and that the charity was, accordingly, in compliance during the year ending 5 April 2024 with the requirements of the Charities Act 2011, and, secondly, that the trustees had, during the period stated, executed their duties with due regard to the Charity Commission's public benefit guidance as detailed in the Charity Commission's guidance documents PB1, PB2, and PB3.
TRUSTEES
The trustees who served during the year were:
C G Johnson D J Way (resigned 24 April 2023) S T Clews (resigned 24 April 2023) N J Johnson (resigned 24 April 2023) PIP Trustees Limited (appointed 24 April 2023)
This report was approved by the board on 12 December 2024 and signed on its behalf.
C G Johnson
Trustee
Page 2
THE JOHNSON FAMILY CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JOHNSON FAMILY CHARITABLE TRUST
I report to the trustees on my examination of the accounts of The Johnson Family Charitable Trust (the Charity) for the year ended 5 April 2024, which are set out on pages 4 to 7.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section145(5)(b) of the Act.
I have undertaken this examination in accordance with the requirements of the Auditing Practices Board Ethical Standards, including the "Provisions Available for Small Entities", in the circumstances set out in note 2 to these accounts.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
(1) accounting records were not kept in respect of the charity as required by Section 130 of the Act; or
-
(2) the accounts do not accord with those records; or
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M K Lunt FCA
Chartered Accountants Hearts of Oak House Pembroke Road Sevenoaks Kent TN13 1XR
12 December 2024
Page 3
THE JOHNSON FAMILY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024
| Income from: Donations Gift Aid tax credit Interest received Total Expenditure on: Charitable activities: Grants made: Education Medical Community and welfare Overseas Governance costs: Accountancy fees - Independent Examination Legal fees Investment costs Total Net incoming resources before transfers Net gains on investments NET INCOMING RESOURCES Net movement in funds Funds balance brought forward FUNDS BALANCE CARRIED FORWARD |
2024 £ - - 45,279 45,279 10,000 78,000 36,700 - 124,700 2,400 2,070 166 129,336 (84,057) - (84,057) (84,057) 1,005,141 921,084 |
2023 £ 5,000 1,250 14,466 20,716 7,159 200 25,650 20,000 53,009 2,256 - - 55,265 (34,549) 983,707 949,158 949,158 55,983 1,005,141 |
||
|---|---|---|---|---|
All funds relate to unrestricted funds.
Page 4
THE JOHNSON FAMILY CHARITABLE TRUST CHARITY NUMBER: 1108720
BALANCE SHEET AS AT 5 APRIL 2024
| Note CURRENT ASSETS Debtors 3 Investments 4 Cash at bank CREDITORS:amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS OF THE CHARITY Unrestricted income fund |
£ - 908,719 14,766 923,485 (2,401) |
2024 £ 921,084 921,084 921,084 921,084 |
£ 13,340 - 994,057 1,007,397 (2,256) |
2023 £ 1,005,141 |
|---|---|---|---|---|
| 1,005,141 | ||||
| 1,005,141 | ||||
| 1,005,141 |
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 December 2024.
C G Johnson
Trustee
The notes on pages 6 to 8 form part of these financial statements.
Page 5
THE JOHNSON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention as receipts and payments accounts except as noted in 1.3 below.
1.2 Going concern
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
1.3 Investment income
Investment income is accounted for when its receipt is probable and the amount receivable can be measured reliably.
1.4 Voluntary income
Voluntary income is included when received.
1.5 Resources expended
Expenditure is included when paid.
Grants are charged in the year when paid. Grants offered subject to conditions are recognised in the period those conditions are met, prior to this they are noted as commitments but not accrued as expenditure.
Governance costs comprise organisational administration and compliance with constitutional and statutory requirements.
1.6 Investments
Investments are included at closing mid market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.
1.7 Funds
All of the charity's funds are unrestricted funds which the trustees are free to use in accordance with the charity's objects.
2. OTHER WORK PERFORMED BY THE INDEPENDENT EXAMINER
In common with many other organisations of our size and nature we use our independent examiner to assist in the preparation of the financial statements.
Page 6
THE JOHNSON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
| 3. DEBTORS Prepayments and accrued income 4. CURRENT ASSET INVESTMENTS Listed investments 5. CREDITORS: Amounts falling due within one year Accruals and deferred income 6. CASH AT BANK AND IN HAND HSBC Private Bank (UK) Ltd - Deposit account HSBC Private Bank (UK) Ltd - Cheque account |
2024 £ - 2024 £ 908,719 2024 £ 2,401 2024 £ 10,851 3,915 14,766 |
2023 £ 13,340 |
|---|---|---|
| 2023 £ - |
||
| 2023 £ 2,256 |
||
| 2023 £ 961,057 33,000 994,057 |
Page 7
THE JOHNSON FAMILY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
7. GRANT MAKING
| GRANT MAKING | ||
|---|---|---|
| Material grants as set out below Other grants up to £5,000 |
2024 £ 100,000 24,700 124,700 |
2023 £ 43,000 10,009 |
| 53,009 |
No support costs have been included within the grant expenditure.
During the year material grants were made in the following areas:
Educational
- £10,000 to Goudhurst & Kilndown CEP School PTFA
Community and welfare
-
£10,000 to Weald Family Hub
-
£10,000 to Dandelion Time
Medical
-
£25,000 to the British Diabetic Society
-
£15,000 to Kent, Surrey & Sussex Air Ambulance Trust
-
£15,000 to Diabetes UK
-
£15,000 to Hospice in the Weald
8. TRUSTEE REMUNERATION AND EXPENSES
During the current and previous year no trustees received any remuneration or reimbursement of expenses for the services that they provided.
The Trust has no employees.
Page 8