2024-08-31-accounts

	Notes	2024	2023
		£	z
Incomefrom:Charitableactivities
Schoolfeesreceivable		21,199,114	19,647,477
Otherancillaryincome		1,480,672	1,301,236
Otherincome		356,407	341,284
Investments
BankInterest		129,084	44,719
Totalincome		23,165,277	21,334,716
Expenditureon:
Raisingfunds
Financingcosts		343,584	269,818
CharitableActivities
Educationalexpenditure		21,809,270	19,972,704
TotalExpenditure		22,152,854	20,242,522
Netincomefundsfromoperations		1,012,423	1,092,194
Pensionschemeactuarialgains/(loss)	19
Netmovementinfundsfortheyear		1,012,423	1,092,194
Fundbalancesbroughtforwardat1 September2023		18,717,231	17,625,037
Balancescarriedforwardat		19,729,654	18,717,231
31August2024

	THE	JOHNSON	TRUSTLIMITED	TRUSTLIMITED
		BALANCESHEET
		AT31AUGUST2024
					2024	2023
			Notes	£	£	£
FIXEDASSETS
Tangibleassets			7		24,438,273	22,594,637
Investments			8		35,101	35,101
CURRENTASSETS
Stock			9	65,556		68,865
Debtors			10	826,515		1,222,564
Cashatbankandinhand				7,528,824		4,759,046
				8,420,895		6,050,475
CURRENTLIABILITIES:	creditors	payabledue	11	6,499,105		5,146,544
withinoneyear
NETCURRENTASSETS					1,921,790	903,931
TOTALASSETSLESSCURRENT
LIABILITIES					26,395,164	23,533,669
LONG-TERMLIABILITIES:Creditorspayable
afteroneyear			12		(6,665,510)	(4,876,438)
NETASSETSEXCLUDINGPENSION
SURPLUS					19,729,654	18,717,231
Definedbenefitpension	surplus		19		-	-
NETASSETS					19,729,654	18,717,231
REPRESENTEDBY:
RESERVES
Unrestrictedfunds			14		19,729,654	18,717,231
					19,729,654	18,717,231
Thesefinancialstatements	wereapprovedbythe		GoverningBodyon21		March2025and	were
signedonitsbehalfby:
AndrewHayes
Governor

	Notes	£	£	2024 £	£	2023 £
Cashflowsfromoperatingactivities Netcashfromoperations	17			5,935,203		2,921,416
Cashflowsfrominvestingactivities Paymentsfortangiblefixedassets Receiptsfromdisposaloffixedassets Bankinterestreceived		(2,764,120) 700 129,084		(2,634,336)	(2,214,579) 600 44,719	(2,169,260)
Cashflowfromfinancingactivities Financecostspaid Longtermloanadvance Longtermloanrepaid		(343,584) (187,505)	:		(269,818) 500,000 (208,864)
				(531,089)		21,318
Changeincashinperiod	18			2,769,778		773,474
Cashatbeginningofreporting period				4,759,046		3,985,572
Cashatendofreportingperiod				7,528,824		4,759,046

Theaveragenumberofemployeesona headcountbasisduring	Theaveragenumberofemployeesona headcountbasisduring	Theaveragenumberofemployeesona headcountbasisduring	Theaveragenumberofemployeesona headcountbasisduring	theyearwasmade	theyearwasmade	up as	up as
follows:
					2024		2023
					£		£
Teaching					204		201
Office					31		30
Domestic					25		23
Grounds	andEstates				19		16
					279		270
Thenumberofhigherpaidemployeeswas:
£60,001	-	£70,000			7		5
£70,001	-	£80,000			2		2
£80,001 £90,001	- -	£90,000 £100,000			3 4		3 -
£200,001 £220,001		-£210,000 -£230,000			4	-	1 -
ANALYSISOFTOTALRESOURCESEXPENDED
2024		Staffcosts	Depn		Other		Total
		£		£	£		£
Educationalexpenditure
Teaching		9,468,065	257,556		2,542,016		12,267,637
Welfare		591,681		-	2,131,811		2,723,492
Premises		701,098	550,194		3,241,127		4,492,419
Support		1,227,530	112,734		985,458		2,325,722
		11,988,374	920,484		8,900,412		21,809,270
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

TANGIBLEFIXEDASSETS
	Freehold	Plantand	Fixtures,		Motor	Total
	landand	machinery	fittings&		vehicles
	buildings		equipment
	£	£		£	£	£
Cost
At1 September2023	26,246,532	1,574,949	1,949,165		189,835	29,960,481
Additions	1,940,951	428,978	369,441		24,750	2,764,120
Disposals
At31August2024	28,187,483	2,003,927	2,318,606		214,585	32,724,601
Depreciation
At1 September2023	4,606,119	1,335,116	1,269,015		155,594	7,365,844
ChargeforYear	550,194	102,543	255,148		12,599	920,484
Disposals
At31August2024	5,156,313	1,437,659	1,524,163		168,193	8,286,328
Netbookvalues
At31August2024	23,031,170	566,268	794,443		46,392	24,438,273
At31August2023	21,640,413	239,833	680,150		34,241	22,594,637
Allassetsareusedforcharitablepurposes.
Includedwithinfreeholdlandandbuildingsisnon-depreciated			landat£632,995.
Includedwithinfreeholdlandandbuildingsareassetsunder £977,988).			construction	totalling	£132,584	(2023:

		THEJOHNSONTRUSTLIMITED
		NOTESTOTHEFINANCIALSTATEMENTS(CONTINUED)
		FORTHEYEARENDED31AUGUST2024
12.	CREDITORS:amountsfallingdueaftermorethanoneyear
			2024	2023
			£	£
	Bankloan		4,663,491	4,781,871
	Feesin	advancescheme	2,002,019	34,567
			6,665,510	4,816,438
	Loanmaturity analysis
	Debtdueinoneyearorless		153,180	222,305
	Inmore	thanoneyearbutnotmorethantwoyears	153,180	222,305
	Inmore	thantwoyearsbutnotmorethanfiveyears	459,540	666,916
	Inmore	thanfiveyears	4,050,771	3,892,650
			4,816,671	5,004,176
	Included	inliabilitiesfallingduewithintheyear	(153,180)	(222,305)
			4,663,491	4,781,871
	Thebankloansaresecuredbya firstlegalchargeoversomeofthefreeholdassetsof			thecompany
	andalso	bya bankdebenturedated14February2014.
	Interestischargedonthefirstloanat1.7%aboveBarclaysBankPLCbaserateandis			repayableby
	2025but	withtheloanmaturityanalysisbasedontherepaymentprofilewhichiscalculatedona 25
	yearamortisation.Interestischargedon thesecondloanat1.8%above		BarclaysBankPLCbase
	rateand	isrepayableby2027butwiththeloanmaturityanalysisbased	ontherepaymentprofile
	whichis	calculatedona 25yearamortisation.

19. PENSIONCOSTS(continued)	19. PENSIONCOSTS(continued)
Thelongtermexpectedrates	ofreturnareasfollows:
				2024		2023
				%		%
DiscountRate4 basedonDeloittesingleequivalentdiscountratefora				4.90		5.45
15yearduration
				2024		2023
Post-retirementmortalityifretiringtoday:				Years		Years
Males4 currentlyaged65				21.0		21.6
Females4 currentlyaged65				23.3		23.8
Retiringin20years:
Males4 currentlyaged45				22.3		22.9
Females4 currentlyaged45				24.8		25.3
Amountsforthecurrentandpreviousfourperiods		areasfollows:
Definedbenefitpensionplans
	2024	2023	2022	2021		2020
	£000	£000	£000	£000		£000
Definedbenefitobligation	(1,913)	(1,962)	(2,304)	(3,165)		(3,307)
Planassets	2,330	2,365	2,640	3,389		3,447
Surplus/(deficit)	417	403	336	224		140
Experience adjustments
onplanliabilities	(12)	(12)	31		-	74
Experience adjustments
onplanassets	36	(226)	645	50		33