2023-08-31-accounts

Governors,OfficersandAdvisors
AnnualReportoftheGovernors
IndependentAuditor9sReport	17-19
StatementofFinancialActivities
BalanceSheet
StatementofCashFlows
NotestotheFinancialStatements	23 437

2023

28 May 2024

		Notes	2023	2022
			£	£
Incomefrom:Charitableactivities Schoolfeesreceivable Otherancillaryincome Otherincome		WN DY	19,647,477 1,301,236 341,284	17,187,546 1,134,759 533,139
Investments BankInterest			44,719	5,383
Totalincome			21,334,716	18,860,827
Expenditureon:
Raisingfunds Financingcosts			269,818	127,508
CharitableActivities Educational expenditure		6	19,972,704	_16,951,886
TotalExpenditure			20,242,522	_17,079,394
Netincomefundsfromoperations			1,092,194	1,781,433
Pensionschemeactuarialgains/(loss)		19	-	(224,000)
Netmovementinfundsforthe	year		1,092,194	1,557,433
Fundbalancesbroughtforwardat	1September2022		17,625,037	16,067,604
Balancescarriedforwardat			18,717,231	17,625,037
31August2023

			2023	2022
	Notes	£	£	£
FIXEDASSETS
Tangibleassets	7		22,594,637	21,180,903
Investments	8		35,101	35,101
CURRENTASSETS
Stock	9	68,865		67,403
Debtors	10	1,222,564		1,351,902
Cashatbankandinhand		4,759,046		3,985,572
		6,050,475		5,404,877
CURRENTLIABILITIES:creditorspayabledue	11	5,146,544		4,423,729
withinoneyear
NETCURRENTASSETS			903,931	981,148
TOTALASSETSLESSCURRENT
LIABILITIES			23,533,669	22,197,152
LONG-TERMLIABILITIES:Creditorspayable
afteroneyear	12		(4,816,438)	(4,572,115)
NETASSETSEXCLUDINGPENSION
SURPLUS			18,717,231	17,625,037
Definedbenefitpensionsurplus	19		-	-
NETASSETS			18,717,231	17,625,037
REPRESENTEDBY:
RESERVES
Unrestrictedfunds	14		18,717,231	17,625,037
			18,717,231	17,625,037
Thesefinancialstatementswereapprovedby theGoverningBodyon26April2024and				were
signedonitsbehalfby:
__Niekaronias @overnor
Thenotesonpages23to37form	partofthesefinancialstatements.
	21

	THEJOHNSONTRUSTLIMITED	THEJOHNSONTRUSTLIMITED	THEJOHNSONTRUSTLIMITED	THEJOHNSONTRUSTLIMITED
	STATEMENTOFCASH		FLOWS
		AT31AUGUST2023
		Notes		2023		2022
			£	£	£	£
Cashflowsfromoperatingactivities		17
Netcashfromoperations				2,921,416		2,181,974
Cashflowsfrominvestingactivities
Paymentsfortangiblefixed	assets	(2,214,579)			(1,216,913)
Receiptsfromdisposaloffixedassets		600			-
Bankinterestreceived		44,719			5,383
				(2,169,260)		(1,211,530)
Cashflowfromfinancing	activities
Financecostspaid		(269,818)			(127,508)
Longtermloanadvance		500,000			-
Longtermloanrepaid		(208,864)			(1,113,294)
				21,318		(1,240,802)
Changeincashinperiod		18		773,474		(270,358)
Cashatbeginningofreporting
period				3,985,572		4,255,930
Cashatendofreporting	period			4,759,046		3,985,572

THEJOHNSONTRUSTLIMITED
NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED)
FORTHEYEARENDED31AUGUST	2023
OTHERINCOME
	2023	2022
	£	£
NetgainondisposalofFixedAssets	600	-
Rentsandhirereceived	309,359	436,889
Sundry	31,325	96,250
	341,284	533,139
EXPENDITURE
	2023	2022
	£	£
NETINCOMINGRESOURCESSTATEDAFTER
CHARGING:
Depreciationoftangiblefixedassets	800,845	807,174
Bankandloaninterestpayable	269,818	127,508
Auditors9remuneration
-forauditservices	32,868	32,220
-otherservices	-	-
STAFFCOSTSANDRELATEDPARTYTRANSACTIONS
	2023	2022
	£	£
Theaggregatepayrollcostsfortheyearwereasfollows:
Wagesandsalaries	8,252,604	7,040,486
Socialsecuritycosts	826,221	724,287
Pensioncosts	1,570,586	1,350,863
Externalcontractors	63,596	50,369
	10,713,007	9,166,005

		THEJOHNSONTRUST	THEJOHNSONTRUST	LIMITED	LIMITED
	NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED)
	FOR	THE	YEARENDED31	AUGUST	2023
STAFFCOSTSANDRELATED			PARTYTRANSACTIONS(CONTINUED)
Theaveragenumberofemployeesona headcountbasisduring					theyear	wasmadeup as
follows:
						2023	2022
						£	£
Teaching						201	170
Office						30	29
Domestic						23	23
Grounds	andEstates					16	16
						270	238
Thenumberofhigherpaid		employeeswas:
£60,001	-£70,000					5	4
£70,001	-£80,000					2	3
£80,001	-£90,000					3	-
£170,001	-£180,000					-	1
£200,001	-£210,000					1	-
ANALYSISOFTOTALRESOURCESEXPENDED
2023			Staffcosts	Depn		Other	Total
			£		£	£	£
Educationalexpenditure
Teaching			8,617,237	141,568		2,396,894	11,155,699
Welfare			462,663		-	2,070,940	2,533,603
Premises			560,285	524,828		3,161,863	4,246,976
Support			1,072,822	134,449		829,155	2,036,426
			10,713,007	800,845		8,458,852	19,972,704
2022			Staffcosts	Depn		Other	Total
			£		£	£	£
Educationalexpenditure
Teaching			7,314,562	212,278		2,782,316	10,309,156
Welfare			421,791		-	1,633,200	2,054,991
Premises			523,555	487,254		1,758,026	2,768,835
Support			906,097	107,642		805,165	1,818,904
			9,166,005	807,174		6,978,707	16,951,886

	THEJOHNSON	THEJOHNSON	TRUSTLIMITED	TRUSTLIMITED
NOTESTOTHEFINANCIAL			STATEMENTS(CONTINUED)
	FORTHEYEARENDED31AUGUST2023
TANGIBLEFIXEDASSETS
	Freehold		Plantand	Fixtures,	Motor	Total
	landand		machinery	fittings&	vehicles
	buildings			equipment
	£		£ £		£	£
Cost
At 1September2022	24,314,729		1,536,065	1,739,523	180,135	27,770,452
Additions Disposals	1,931,803	z	38,884	209,642 - -	34,250 (24,550)	2,214,579 (24,550)
At31August2023	26,246,532		1,574,949	1,949,165	189,835	29,960,481
Depreciation
At 1September2022	4,081,291		1,280,323	1,055,570	172,365	6,589,549
ChargeforYear	524,828		54,793	213,445	7,779	800,845
Disposals		-		- -	(24,550)	(24,550)
At31August2023	4,606,119		1,335,116	1,269,015	155,594	7,365,844
Netbookvalues
At31August2023	21,640,413		239,833	680,150	34,241	22,594,637
At31August2022	20,233,438		255,742	683,953	7,770	21,180,903
Allassetsareusedforcharitablepurposes.
Includedwithinfreeholdlandandbuildings		is	non-depreciatedlandat£632,995.
Includedwithinfreeholdlandandbuildings		areassetsunder		constructiontotalling	£977,988.

		THEJOHNSON	TRUSTLIMITED
	NOTESTOTHEFINANCIAL		STATEMENTS(CONTINUED)
	FOR	THEYEARENDED31AUGUST		2023
16.	LEASES
					2023	2022
	Commitmentsunderoperatingleases				£	£
	Minimumleasepayments:
	Withinoneyear				1,314	1,752
	Betweenoneandfiveyears				-	1,314
					1,314	3,066
	RentalIncome
	Thefutureminimumlease	incomeundershortholdtenancyagreements			(i.e.upto	amaximumof
	oneyearduration)is£5,218(2022:£5,143).
17.	RECONCILIATIONOFNETINCOMINGRESOURCESTONETCASH				INFLOWFROM
	OPERATINGACTIVITIES
					2023	2022
					£	£
	Netincomingresources	beforevaluations			1,092,194	1,781,433
	Financingcosts				269,818	127,508
	Bankinterestreceived				(44,719)	(5,383)
	Depreciationcharge				800,845	807,174
	Profitsondisposaloffixedassets				(600)	-
	(Increase)instocks				(1,462)	(1,622)
	(Increase)/decreaseindebtors				129,338	(322,634)
	(Decrease)/increaseincreditors				465,884	(402,972)
	Increase/(decrease)inadvancedfees				(94,882)	134,623
	Increaseindeposits				305,000	63,847
	Netcashinflowfromoperatingactivities				2,921,416	2,181,974
18.	RECONCILIATIONOFNETCASHINFLOW		TOMOVEMENTIN	NETDEBT
					2023	2022
					£	£
	(Decrease)/increaseincashintheyear				773,474	(270,358)
	Longtermloanadvanced				(500,000)	-
	Longtermbankloansrepaid				208,864	1,113,294
	Movementinnetdebt				482,338	842,936
	Netdebtat 1September	2022			(727,468)	(1,570,404)
	Netdebtat31August2023				(245,130)	(727,468)
	ANALYSISOFNETDEBT		At			At
				1		31August
			September
			2022		Cashflow	2023
				£	£	£
	Cash		3,985,572		773,474)	4,759,046
	Debtduewithinoneyear		(205,206)		(17,099)	(222,305)
	Debtdueaftermorethan	oneyear	(4,507,834)		(274,037)	(4,781,871)
	Netdebtat31August2023		(727,468)		482,338	(245,130)
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