REGISTLRED CHARITY liUhlBER- 200351 REPORT OF THE TRUSTEES AND NAP4CIAL ST.4TEMEN FS FOR THE YEARKNDED 31 DECENiBER2023 FOR THE JOHNINIE JOH.NSON IRU
THE JOHNh'lE JOHN N'fRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 DE EMBER 2023 Page Reportof the TrnsLee5 to4 IDdependeni Examiner'5 Report Statementof FinAneiol Activitie5 Balance Sheet Notesto the Financialstaiemu) 8t0 14
TH JOHNNIE JOHNSOTr' TRUST REPORT OF THE TRUSTEES FOR THE YEAR E DED EfvtBER 2023 The tNstees prent their report with the finanGig1 sitterne$ of the chatity for the year endcd 31 Dceemb¢r 2023. The twstees havc adopted the provisiorL5 of Accounting and Reporting by CliaritlCS'. Siatementof Re¢ommend&lPraLtice appl&cable io Charities prepating Iheiraccounts in Accorddncewith ihe FinAncial Reportingsnd8 applicable in the UK ond Republic of Ireland{FRS 102) (efftlve l Janu4ry 20191. ORIECTIYES AND ACTJVITIES ObJeCve% and aims Th¢ objectives of the charity are io make gifts to churities and to pay, apply or apprtspriate thE ILUSt fund to charit&ble instittitiolls or f or other chatitable purpose$ within the Unitsd KiDgdorn. All details and panicularsof suth donations are atthe di$¢tIOn of the tNstees whomake. but need not iNk any requirement tsi co1ltiOn consistet with thelaw of charityregdrdingth¢us¢or applicatioi)of thefuiyl% dollated. The trnstees CtsDfinn thatthe Charity has compliedwith its duty in scction 17 of tbe ChaTlties Act 2011 to hiive due Tegard to public benefit guidaiitt publi5bed by the Charitieb Commissionwhen Teviewing its 411n$ and objectives and in planning fuwre a¢tivi¢ies. Cbarltlble actlv5tie$ The Johnnie Johnson trust is 8nImakIngcharitsbI¢ Trus( committd toofftringfLtsanci&I a%8istallLr to thse who provide activiiies fot childrenand youngpeople up to the age of 25 years, who are disadvanragedthd less able, living th¢ UK. Priority is ven to sailin8 and otber water sports activities, particulady in mtdlands. However, all application5 consislent with the Trnst's aiTllS receive consideration. ACHIEVEMENTS AND PERFORMANCE Ovcrthe yearthc invethcnt portfolio increasedby£296,986to £5,935,424and illCODf decrelsed by £1.078 £126,746. Grants in the year amounted to £92.047 5preadover19 differentcharitieswith grants ran.8 fiom £1.545 w £10.0. Thetrust's website and reviewed critia have helped tttlrt mor¢neweligible appliwits to the tsusL ivith over 26/0 of grants being made to first time 2pplic8nts. The trustees review and discusscriieria Y4t¢ich meetittgto ensurethc trus1 is focused andapplicants are clear onthe outcomes the trust is looking for. FINANCIAL REVIEW Principl funding 50ur¢e8 The piiJ)¢ipal funding 8tsur¢e of the trust is inyesimeni income. Investment policy The invrstsrlenl policy is ebOd)d in the Irusl's Sthtemcnl of Invesitnenl Prin¢ipl¢s dJied 13th June and actioncd through an iiiveslinenl adviscr who manages the trust's investments Oll a discr¢t10110ry basis. Thc investmcntman8germcctsthc irw8lcc8hvi¢¢ ycarlytorevicm, perforn]ancc &ndagrc¢ stratc. PerloThaD¢e is measured againgl recogrLis2d indices. Reserves polie}' As the charkty 15 cxclusively a grant inaking¢harity it is importantih8t reseNc5 are held attheh1c$tpo$sk level in order 10 Secure maximum lang-tCTm income. At the end of the Tcporlingperiodthe charity Idd total fundsof £6,027,902, all of whichwas LInstrICted. The Irustccs are satisfied that funds ar¢ adequab) maintain income at current levels lthOUt recourse to capital.
THE JOHNNIL JOHNSON TRUST REI PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2Q23 STrUCTURE, GOVERNANCE AND MANAGEMENT Goyernlng document The ¢harity ss ¢OELtiolled by its governingdo¢uroen¢. 4 deEd of tru$L The d¢rd was settled by V H John50n on 315tJanuary 1961. The property s¢ttled amount io £100 cth, how¢ver,MrJohTLSOnSuiE¢quently gave.andthetLusteesaCpI, furiherwftsof investrnents to beheldwxm the same trnsts a8 th¢ oribrinal gifi. The main ternis of the deed sei out that the trust fund is to be held in 111151 lo pay, apply or 8ppropriat the wholeof Ihe locharitsble insLittitiOTL80rforch&rilablepurses iirythin tlieunited Kingdornatthe absolutc dwr¢tion of the trustee5. Th¢ deed sets out the inY¢sm)¢nt power5 of the iwstwhich are specified bul Yery wide. It also has a cla indic¥iingthai prof¢s$iollal uustes are ¢nliiled ro Èheirusual charge$. Recruitmcnt 4nd ippointmtot of tru$tee$ The truslees listed on page 2 consist of either farnily rnembers or have been appointed after p¢rsono1 recommcndation. On agreeingto become a tru5t¢¢of th¢ charity, newtrusiees arethoroughlybriefedby their co-trustees on the history of thcTtwsf. thedlly-tsTr4ay managcmcnl, the responsibilities of iN$tee$, the curtent obj¢¢tiv¢s aThd futyrc plans. the trustees gre also encouraged io &tt¢nd any courtses which they fe¢1 are relevant to the development of their role, and to keep up-to-dat¢ otl ony Gh2n8¢s in leItion. Org2ni51tlonil structure A boord of tn]st¢¢s are advised by an invesiment adviser (Clos¢ Brother5 Asset Management) and a l¢gal adviser(R R Williams& Son).ThcTtust Partnership (FoundatioJ)s) Ltd Trnsl Accounting Ltd m&iniaiTJ financs11 and ¥dmini8traiive Tecords. REFKRKNCE ANDADMINISTRATII'E DETAILS Regtsiered Charlry, number 200351 Principal Addre$$ 6 Trttll F8rn1 Buildings Trull Teibury GLOS GLS 8SQ Trust¢ei Pcier Ellis Taylor Jolin50E) Jane Susan Fordham Katherine Lucy Cr05S Chrisiopher Peier Johnson Alice Francis John$on
THE JOHNNIE JOHNSON TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED I DECEMBER 2023 Indtptlldeot Ey•miner Dunkley's Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY Bankers CAF Bank 25 Kin85 Hill Ave Kin8s Hill West Malling ME194JQ lllvestraeot advlsers Clos¢ BTQther8 Asset Mana8ement 10 Exchange Square London EC2A 2BY
THE JOHN 'IE JOHNSO, TRUST REPORT OF THE TRbSTEE5 FOR THE YEAREDED3J DECEMBER2D23 STA TEhl F.li T OF TRUSTEES IiF.SPONSIBII.ITIES The rn51ec5 arc responsiblc ftsr preparing tlic Rcport of tlie TTUStces and thc financial 5thr¢nienls acLurdanLe with applicable law anij Uniied Kingdom Ac¢ountiiig Standards (United Kiiigdoin Geneidlly Aceepled Accouniiny Praciicel. The law applicablc to charilics in England and Wales, Ihc Chariiics Acr 2011, Charity (Accounts a n d Reports} Re&ilatjDllS ?008 and the provision% of the trust deed requir¢5 Ihc ITUStees lo prepart f ijiancittl sratLm¢nrs for each financial ycar 'hi¢ll give a and fair ViC.0f thc state of affairs oftliechaTity and of d)e incoiniiig iesources and application of Te50urces, iiicluding Ihe incoiiie and expendiwr¢, o f the ch ariiy for that perirjd. In preparing those financial stateinents, the Ste£S are required to seleci sulble acc0unr1ngpol5 and then apply Ihem consisiently.. obscrvc ihc ITLcihnds and yriiiciplcs in thc ChaTlty SORP.: ii)ake judg¢iiicnts and eslin)21es that are reasoiiabl¢ and prudent., prepaTe tlie financial statements on the 80ing concern basis unless li is inappropriatc tu PTcsume that the charity w'ill continue in business. The ttL151ees ale re5P0115ible foi keeping proper accouliling re¢Dids which disc105E wilh reJ5011abk acruracy t Iiiiy tinie tlie finaneial position of the clJarily and lo eiiable tliem lo cu%iire that tlie financidl siaiements Comply ivirli the Chdrities Act 2011. Ihe Chariry (Accoiinls and R¢pons) ReLwlalion5 2008 and the provisioTLS of Ihe tmsi deed. They <lre also responsible forsafeguarding tlie asseis of the charity •Dd h¢ii¢e for lakingT Tcasonabl¢ stcps for Ilic prcvenlion and dcl¢¥lion of frdud and oilicr irTL8LI13TiIi¢s. Approved by orderofthe b()ardof INS$01) OS &.pEeth¥2Q024 ands1)ed on ILS behalf by-. "ill Isep 5, 2024 20..23 GMT+ll Alice John50n Tnistee
Indcpend¢nt Examincr's Report to thc Twstces of The Johnni¢ Johnson Trust I repori lo ilie Charity truslees on my eXalatOn ofihe ueeoun15 of TheJohnrll¢ JohnsonTrusi ford)e year ended 31 Deceinber 2023, which are set out on pages S to 12. Responsibilitie$ and b#$i$ ol report As Ilie charity iwslees of IhtTwg yoti are iespollsible for Ihe preparaiionof the accounis inaccotkn Iviih Ilic rcqiiiremcnts of the Chil rtties Aci 2011 I'ihc Act'l. I reportinrcspcctofmy cxamination ofihe Trusiee's accouniscarriedouiundersection 145ofthe 2011 Acl aiid iii carryiiig out iny examiiialion I liave follomrd all tlie applicable Direction5 8ivetL by the Charlty Conimission under section 145{5llb) of ¢h¢ 201 l Act. IndepeDd¢Dt examiner's 5t&tcment I liave completed my examination. I confimi that no material niatteTS have eoine to my attentK>n in LunllectioTh with the exitllljlldlion giviiig me Luuse to bclieve Ihut in any material respect.. l. Accounting records 'tTe not kept in respecl ofiheTrusi as required by section 1.10 of the Act.. or 2. the accounts do not accord with ihose records,. or 3. the accouiils do Jiot comply iviil) Ihe applicable reqiiir¢in¢iits coiicenyng ihe fomi ai)d conteiit of accoiints setoiit in the Cl)arities (Accoimis and Rcpotlbl RelIall05 2008 oihcrihaii any ieqiityLxncnl that ihe accounts givc a'trnc and fair vieiv, which is not u marter considcr&l as paff of an independent exlminatIOn. I liave no ConmS and hi¢ ¢om¢ acros5 Tro other matter5 in Co[ectIOn with tlieeAaJttinalion which attention should be dr£wn in this report in orderto enablc a propcr undLYstandingof tl)e accounts ts) I reached. dL4qLQLQJ' Diinklcy's Woodlands Grange Woodllnds l.ane Bradley Stoke Brislol BS32 4JY Daic.. L31oq Iw14
THEJOHNNIE J HN TON TR ST TEMENT FFtNANCIAL A tvi FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.2023 Unrestricied fund 31.12.2022 Unrestrl£ted fund Note INCOME AND ENDOIVMENTS FRO Jnvestrneni Income Tot*l 126,746 126,746 127,824 127.824 EXPENDITURE ON Rai$kng funds Chariiable aclivities GTants and donations Ch?riiable ¢xpendilur¢ 34,696 34,899 92,047 10,533 137,276 99.755 15239 149,893 Total Net a]n$ oll investnt8 350,602 851,094 NET INCOME 340,073 {873.1641 RECONCILIATION OF FUP4DS Total funds broughi forward 5,687,829 6.560,993 TOTAL FUNDS CARBJED FORWARD 6,027,902 5,681,829 coYr]NVING OPEVL4TIONS All income and exndlIre has ariseft from continuiDg aclivitics The Tholes fonn parl ol ihese Iinancial siafements. Page 6
TIIE JOHNNIE JOEINSTON TR ST BALATr4CE SHEET AT 3A-Dec-24 31.12.2023 Unrestri¢tcd fund 3J.J2.2022 Unrestricted fund r4ute FIXED ASSETS Ini'cstments 5.935.424 5,638.437 CURRENT ASSETS Dcbtors Cdsh dt bank io 24.652 79.471 104.1?3 26,035 34,228 60.264 CRF.DITORS Amoui)Is falling due within oli¢ year 111,6451 110.871) IIET CURREP4T ASSETS 92,478 49,392 TOTAL A.8SLTS Lbss CURRENT LIABILITIES 6,027,902 5,687,829 TOTAL FUliD5 6,027.902 5,687,829 UNI)S Ullresiricied ttdS 12 6,027.902 5.687,829 TOTIIL FufiDS 6,027,902 5.687.829 The fiiTrunciÈl st&icincnt% wcrc upproved by the boaTd tsf trostees on os ?024 and %YCTe signcd on iheir bel)all'by'. r5W&?DI4?WJ4¥7*11 Alicc Jo111150n Cliair nf Trustees Tlie noics ftsrm part ofihcsc financiftl staiemenis Page 7
HP4f41E JO STO TRUS POR THE YEAR E DED 31 DE EMBER 2023 ACCOUNTING POLICIES Basls of preparing the financigl slatements Tr rin&ncial siaieEncnts of the ch2rity, which is a public benefit entity under FRS 102, have been prepared in Income All income is recognis¢d in th¢ Statement of Financial Act¥VLtirs oDcr th¢ rharity has entitlement to the filllds, IL is probable that the income will be received and the amount can be measured reliably. ExpeudSture Liabilities ar¢ Tecogni5ed as expendiDJre as s<>Dn bs th¢T¢ is a l¢¥&1 or conStrurti oblisaiion cojronilting iF(e Charity to th81 expendiiuTe. it is probable thai a transfer of e¢onomic benefits will be required in Settlement 2nd Ihe amount of The obligatioll can be mcasured reliably. Expenditure is a¢¢ouJ)ied for on an attNals basis atyj has been classifi¢d utlder headiTh8S tbal a8gre8ate all costs related to the caie80ry. Where costs ¢anntsi be directly a(lributed io particular beadings tli¢y have been allocat¢d to activities on a b)$iS COD5iStent with the Gralli$ offered subject io cortditlODS which have noi been a¢ the year end date 8Te noted as a ¢onuni¢Enent but not accrued as expenditure. Debtors Debtors (li]Uding trade debioTS 81?d loans r¢ceivabl¢} ar¢ m¢3sured on ii)itiwl recognition ai the 5ettlernthit amourtt after any trade discountg or amount advan¢ed by th¢ ¢harity. Subsequenily. th¢y Bye measured at the cash oi other Consideration cxpccted to be received. Crndltors The chartty has creditors which arc 1c4sUred at settlement amounts less any trade discount. Bank and Cash C&sh ai bank includes cash held at rhe bank which is avai12ble on demand. TAxattoTr The chaiily is cxcmpl from t on ils charilable activities. Fund accounting Unreyiricted fvnds Can be used in accordance iviih the charitable objectives 8t the discretion of the irusiees. Investment$ Inv&stnients are stHted at maTke( Yalue ai the btl%Liice sheet dttte. The stDtemeiit of financial aetivities in¢ludes the ne¢ gain.% and 10$8c8 ari%ing on ValuatiOnS and disposals throughoul the year. Pag¢ 8
THE JOHNNIE JOHNSTON TRusr I OTFS TO THE fiNANfiAL STATF.MF FOR THE YEAR ENDF.D JI DECEMBF.R Z023 II¥VESTMENT INCOME 31.12.2023 31.12.2022 UK Jnvesimenl In¢om¢ Qvtiseas Invesirntnr Incomc FrAcd interest and alternaliv¢s ini'cstmeni income Interest receivable 58.449 27J28 39.820 1,150 126,746 62.S33 39,525 24,666 127,824 RAISXIN'G Fvf4DS 31.122¢23 31.12.2022 Inwestmeni LJatta8ett*nt tosis Portfolio illanJgernEnl 34.696 34,899 CHAIUTABLE ACTJvrriES COSTS Grnnl fvnding Support costs (s nore 6) To15 (Set noie 5) Gr2n¢s donaiions Charilable cApcndiiurc 92.047 92,047 10.533 10,533 92.047 LO.S33 102.580 GRAh'fs PAYABLE 31.122023 31.12.21121 CTsiits donations 92.047 99,755 Pa¥c 9
OTES TO THE FINAIYC ST D31 fjRANTS PAYABLE- contlnued The total Érants pa to inttiyivtions during the year were as folbw5: 31.12.20Z3 31.12.2012 Access adventurers Active Mope Ltd Andrewslmpsors Sailin£ Foundatlon Autisrn lffitluslve Basec3mpAd¥enture Trust BerkshiTe Youth Br18hton Table Tenni5 Club Britlsh Explorln8 Society Children's Adventure Farm Trust Caring for Communltles and People EdinburEh Young Carers Farms for tY ChSldren Go Beyond appy Days Children Charliv Islln8ion Boat Club Kid5 Run Free Kingswood Trust Lindley Educational Trust Marlne Sc<lety and Sea Cadets Open Trail Outward Bound Trust Phab Royal Oart Youth Sailing Sallability @ Whitefriars Sotiety Llnks SPiASH- ISpErlal Play & Leisu After School Hours1 Spotlight UK Strongbon$ Chlldren5 Charltable Trusi Tall Shlps Youth Trust UK Sailin8 Academy iJp"N Away Vic5 in the Communltv Winchester Streei Peach Wingzte Special Children's TN5t CIO Youth AdventureTru5t Youth5c•pe 3,000 3,1)JD 3,630 3.120 3,936 5.LNJO 5,400 3,069 3.000 6.000 3,300 3,000 5,000 2,500 5.080 9,889 iomo 1060 10.000 3,OQ) 4.520 5,000 6,720 2,900 4,398 S,lo 5,ODO 2,160 1,545 4,085 5.wo 3,51JO P8gc I
THE FII YEAR EN NCI ST SUPPORT COSTS Finanee Other Goi¢rn2n¢¢ C05ts Totls Charitable eApenditslTe 2023 840 10.533 Fllln¢e Other Gov¢rnAlb¢¢ Costs Ttyt•ls Charitabl¢ exp¢nditur¢ 2022 720 15239 Sypportf05ts, ipcluded in th¢ abtsve, are ai folk)ws 3J.1223 31.12.22 CharitAble Charitable Expenditure ExpEnditure Aecountancy Oiher Consultancy Fees Posiage 8nd st&tioThary Sundry costs T & databsc cxpcrjses Bank charges 4,117 75 31 580 {238) 9.822 75 34 676 38 10.645 Governance Costs Independt ¢xamnation fEe 840 720 AUDITORIS RF.PIF.UMERATION 31.12.23 31.12.22 Independent examination fee 840 720 Page 11
STOT E FIYL AN AR EYI DED 3 AL ENT TRUSTeES' RENUMERATION AND BENEFITS Thcre wcre no 1Thsl¢es' MerdtiOtt or benefirs forthe yearendcd 31 Lkc¢rnb¢r 2023 nor for the yeAr eDded 31 De¢ertLbEr 2022. Trnsleei, ¢xpeJs¢s Therc wcrr no lnle¢s, expcns¢5 Paid for the year ended 31 December 2023 noT for the yrar ended 31 Dcctmbcr 2022. FIXED ASSET INL VESTfwlEf4TS Lly*d Snve51fflen15 MARKET VALUE Ai l Janu¥ry 2023 AdditiODS Disposals Rcv8luacions 5,638.437 850.631 {904,245} 3SO.60Z At 31 Dccernber 2023 5 935 424 NET BOOK VALUE At Deeethber 2023 5.935 424 Al December 2022 5 639,437 Included in the amlnIs above llre li5t<d invesiiDent llsseis held outside tlie UK wilh i rn8rtECt valuc of £3,646,466 a5 ai 3111 DcEctnbct 2023131si DeGcmb¢r 21)22.. £3,500,653). Thcrc aTC no material iiivestm¢rs. b¢inB more thali 5% bv valuc of the invesimcni portfolio, included in th¢ figur¢s 4bovc. 10. DEBTORS.. AMOUNTS FALLING I)UE WITHP4 ONE YFAR JI.12.2023 31.12.2021 Prepayllienls 4nd ¢ed incon 26.035 Pagie 12
I'IIE FIliAN TH CREDrroRS: AMOUTh FALLING DUE WITHll¥ ONE YEAR 31.12.23 31.12.22 Ttsdc crcdiiors AccLued expenses 985 10,660 999 9,873 t*lOVEMENT IN FUNDS At 01.01.23 r4et DiDv¢mtDt in fuDd5 At 31.12.23 Uireslrlrted lunds General fund 5,687,829 340,073 6.027,902 TOTAL FUNDS 5,687,829 340,073 6,027,902 At 01.01.22 N¢t movomont In r¥nds At 31.12.22 Vnro•rlcttd funds Gelltml fund 6.560,993 1873,164 5,687.829 TOTALFUNDS 5 687 829 Net Movement sn funds, inclikled in above fot 2023 are follows.. Resourcos expended Galn$ and IDS loi'emert¢ In resotsrce5 ilnresirltt¢d General fund 126.746 1137,2761 350,6t12 340,073 TOTAL FUNDS 126.746 1137.2761 350.602 J40.Q73 PA8e 13
N¢t mov¢rnenl in funds. included in above for 2022 are Bs follows= G4ln$ nd losses Movtnwit re$ouret5 expendtd UMrestrl¢ttd funds Gen¢rBI fuDd 127.824 (149,8931 {851,094) 1873,164) TOTAL FUNDS 127.824 1149.8931 1851.0941 (873,164) 13. RLIATED PARTY DISCLOSURES Thcre iveTe iio relalcd party irnn$aclithnS for thc ycar elided 31 Deeemb¢r 2023 nor Forthe year endcd JI Decetnber 2022. 14. ULTiflATE CO,YI'ROLLING PARTY No one p¢rson or enlily Lunlrul over ihe L'hariiy. Ihe eharity is controlled by iL8 board ofitustees. 31 Dec¢mb¢r 2022. Pa8c 14