Registered charity number 1177347 Incorporated Charity number CE013395 ## The Reg Johnson Foundation ## Accounts ## 28 February 2023 1 **The Reg Johnson Foundation** ## **Contents** ||**Page**| |---|---| |Charity information|3| |Trustees' annual report|4-5| |Accountants' report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9-11| 2 ## **The Reg Johnson Foundation Company Information** ## **Trustees:** Kara Johnson Lynn Johnson Nigel Howarth Norma Scott ## **Accountants** Stephen W Valentine FCA Unit 2 Ferry Road Office Park Ferry Road Riversway Preston Lancashire PR2 2YH ## **Principal Address:** 8 Keepers Chase Inglewhite Road Longridge Lancashire PR3 2BF ## **Bankers** Royal Bank of Scotland ## **Registered number** 1077534 **Incorporated Charity number** CE013395 3 **The Reg Johnson Foundation Report of the trustees** The trustees present their report and financial statements for the year ended 28 February 2023. ## **Constitution** The Reg Johnson Foundation is constituted under a Trust Deed adopted on 27 February 2018 and is a registered charity, number 1177347. ## **Objects and activities** The charity's objectives are to help local people and local charties through the organisation of different events. We set the foundation up in memory of Reg Johnson who was passionate about the hospitality industry which he produced poultry for. When going into the kitchens he would always have time for the young chefs and kitchen porters encouraging them in there line of work. This said we have started up a Young Chefs competition along with local schools and colleges to encourage 13-14 years olds to get into a hobby and show them what an amazing industry it really is. The competition is going from strength to strength but unfortunately due to covid they had to be cancelled this year due and other events we had in the diary also. ## **Organisational structure, governance and management** The charity is controlled by the Trustees who make up the management committee. Details of the current Trustees are set out on pages 4 and 5. Trustees are elected from amongst the full members of the charity by the members in general meeting or a maximum of one third of the Trustees may be co-opted by the Management Committee At the Annual General Meeting of the charity those entiled to vote shall elect from amongst themselves a chairman, secretary and treasurer, who shall hold office from the conclusion of that meeting. They shall be eligible for re-election. All members of the Management Committee shall retire from office together at the end of the Annual Genetral Meeeting next after the date on which they came into office but they may be reelected or re-appointed. The Trustees that served during the year ended 28 February 2023 where as follows: Kara Johnson Lynn Johnson Nigel Howarth Norma Scott No trustees have received remuneration over the reporting period. 4 **The Reg Johnson Foundation Report of the trustees** ## **Review of Activities and Achievements** No events held due to COVID 19. ## **Financial Review** Total receipts from unrestricted funds were £0 for the year and detailed in the financial statements. Unrestricted resources expended total £200 The net result for the year was a deficit of £200 This report was approved by the board on 21 February 2024. For and on behalf of the board of Trustees. Kara Johnson Lynn Johnson Trustee Trustee 5 **The Reg Johnson Foundation Independent Examiner's Report to the trustees of The Reg Johnson Foundation** I report to the trustees on my examination of the accounts of The Reg Johnson Foundation (the Charity) for the period ended 28 February 2022. ## **Respective Responsibilities of Trustees and Examiner** As the charity trustees of the Charity 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 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **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 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. 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. Stephen W Valentine FCA Independent Examiner Cameron Valentine Limited Unit 2 Ferry Road Office Park Ferry Road Riversway Preston Lancashire PR2 2YH 21 February 2024 6 ## **The Reg Johnson Foundation Statement of Financial Activities for the year ended 28 February 2023** |**Note**
**Incoming Resources**
Fundraising Income
**Total Incoming Resources**
Accountancy
Sundry expenses
Charity running costs
Fundraiser costs
**Total Resources Expenditure**
4
Net Incoming Resources before transfers
Transfers between Funds :-
Unresticted
Restricted
**Net Incoming Resources for the Year**
Fund Balances brought forward
as at 1 March 2022
Fund Balances carried forward
as at 28 February 2023|**Unrestricted**
**Funds**
-
-
(200)
-
-
-
(200)
(200)
-
-
(200)
2,660
2,460|**Restricted**
**Funds**
-
-
-
-
-
-
-
-
-
-
-
-
-|**2023**
**£**
-
-
(200)
-
-
-
(200)
(200)
-
-
(200)
2,660
2,460|**2022**
**£**
(6,000)
(6,000)
(420)
(183)
-
-
(603)
(6,603)
-
-
(6,603)
9,263
2,660| |---|---|---|---|---| 7 **The Reg Johnson Foundation Balance Sheet as at 28 February 2023** |**Notes**
**Current assets**
Cash at bank and in hand - HSBC
**Creditors: amounts falling due**
**within one year**
4
**Net current assets**
**Net assets**
8
**Funds**
Unrestricted funds
**Total Charity Funds**
9|**2023**
**£**
3,340
(880)
2,460
2,460
2,460
2,460|**2022**
**£**
3,760
(1,100)
2,660
2,660
2,660
2,660| |---|---|---| The Statement of Financial Activities, the Balance Sheet and related notes were approved by the Board of Trustees on 21 February 2024 and signed on its behalf by: Kara Johnson Lynn Johnson Trustee Trustee 8 **The Reg Johnson Foundation Notes to the Accounts for the year ended 28 February 2023** ## **1 Accounting policies** ## _**Basis of preparation of the accounts**_ These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on the 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## _**Fund Accounting**_ General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designed for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Transfers between funds are made when a restriction ceases to apply to a fund, to show restricted assets separately from unspent funds or where a project is funded partially from restricted income and partially from general funds. ## _**Incoming Resources**_ All incoming resources are including in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. When donors specify that grants given to the charity must be used in future financial years the income is deferred until that year. No amounts are included in the financial statements for services donated by volunteers. ## _**Resources Expended**_ All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Other expenditure costs are those incurred in support of support of expenditure on objects of the charity and those in connection with the administration of the charity and compliance with constitutional and statutory requirements. Also included are the costs associated with raising funds from all possible sources of incoming resources and costs associated with raising the profile of the charity. ## _**Tangible Fixed Assets and Depreciation**_ Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Computer equipment Fixtures and fittings 33% straight line 15% reducing balance 9 **The Reg Johnson Foundation Notes to the Accounts for the year ended 28 February 2023** |**2**
**Income Received**
Fundraising Income
**3**
**Total Resources Expended**
This is stated after charging:
Independent examiners remuneration
**4**
**Creditors: amounts falling due within one year**
Trade creditors and accrual
**5**
**Analysis of Net Assets between Funds**
Current assets
Current liabilities
Net assets as at 28 February 2023|**General**
**Funds**
3,340
(880)
2,460|**2023**
-
-
**2023**
**£**
200
**2023**
**£**
880
**Restricted**
**Funds**
-
-
-|**2022**
(6,000)
-6,000
**2022**
**£**
420
**2022**
**£**
1,100
**Total**
**Funds**
3,340
(880)
2,460| |---|---|---|---| 10 **The Reg Johnson Foundation Notes to the Accounts for the year ended 28 February 2023** ## **6 Movement in funds** |**_Unrestricted Funds:_**
General Funds
Total Unrestricted Funds
**_Restricted Funds:_**
Total Restricted Funds
Total Funds|**As at 1 March**
**2022**
2,660
2,660
-
2,660|**Incoming**
**Resources**
-
-
-|**Outgoing**
**Resources**
(200)
(200)
-
(200)|**Transfers**
-
-
-|**As at 28**
**February**
**2023**
2,460
2,460
-
2,460| |---|---|---|---|---|---| General Funds represents the free funds of the charity which are not designated for particular purposes. 11