ANN JOHNSON?S EDUCATIONAL FOUNDATION TRUSTEES* REPORT ALYD ACCOUNTS YEAR ENDED 30 SEPTEMBER 2023 Charity Number: 310799
ANN JOHNSON'S EDUCATIONAL FoUATION NOTES TO THE ACCOi)NTS CONTENTS:. Py No: Statement of A8sets and LiabiltU¢s 7-11
ANFI JOHNSOWS EDUCATIONAL FOUNDATION N(YrLs TO THE ACCOiiNTS YEAR ENDED 30 SEPTLMBER 2023 The Foundation is 8 Clty, uninco• a&80ciatio charity re8t8trniion numbu 3107W, of 5 Sprin8fiddLyon8 Apprna¢ Chclm5ford CM2 51B. It 18 8ov¢rncd by a scheme 8e4lrd by the Ctharity commi10er8 onthe I lth dayof S¢pt¢mber 1985. The Coyernors (Thut¢e8) comprise: Mr A J Mitty, Mr Mint4 Ms R Connolly MT5 N Hiom, Ms AFeisL Mr M kiek Mrs A Davi¢s. Mr A Ball and Cl]r APd¢Quigga The clerk is M I)orsdi Mr5 K Sil4ra is AdmIrir. The battkers are CAF Bank Kin8s HilL Wc8t Malling, Kent ME19 4JQ. The solicitor8 arc Gcpp & Son& 5 Springfield Lyoms Appro¥ty Chelmsford CM2 51B. The accountsllts ItsnsIble for examining th¢ &ccovnts are Richard & Co Accountants. Cornisb & Susscx Suit4 Hou8e 3, Lynderywood Busititts Part B1k Notley CM77 8JT. Tr pvryost ofthe Trt Tkn purpose of the Tn1 is to pmvid¢ fin¥m¢L to indiv1thIS undet age of 25 years to furth¢r th¢ir educatio and schools Jnd colleges Within the fixm¢r muDi¢ipal knrough of Ch¢]msfonl d parishes adioiJJiDg thereto. Trnst Atsets The pernawt ¢lldowmcllt of the dwity 18 held strt exchonge inv¢sttntsAts. Th¢ trostees will not spend the penuauart elldowmen¢ unle&8 tlw have gocKI 480ll so to do, and prior to any swh expenditur¢ will itifornL th¢ Charity ComM810n of their decision and their re4sons formaking such a decision. Such expenditure is subicct to thc apwov41 ofthe awity Cojnmissio The acdvfitie8 cldevements of the Trust Th¢ ¢harity's incotDe is d¢rived fr(Kn its pmonent eThknvment stock m8zket inv¢8ttn¢nts. A total of £3Q.200.91 was trceived in the curtent yw. £23293.87 was illthe year thded 30th S¢ptanber 21)22. Applications for grants ar¢ illted by advwti8iag in schools and colleges in the qualifying di&ttic tktaijs of tlLe charity are alw maintsin¢xl on datab run by I81 OTgBnisation8. Applications are considered by two sub ConutteS who m8k¢ r0MIendatiOns to the governo vthi meet quarterly. the ¢utrent year £2.750 was paid to 3 Indivi( applicants. compared with £10.900 to 8 individuals in ellded 3 Sqrt¢miw2022. £7.CW wa8 paid to 8clw]s illthe cutrtLt year. compar&1 to £5.(KX) IL the yearto 30 S¢ptcmber 2022.
ANY JOlllYSON'S EDUCATIONAL FOUNDATION NOTES TO ACCOUNTS YEAR ENDED 30 SEFfEMBER 2023 The ac¢ovnts The charity's total incom¢ (excluding the sale of assets) is l¢ss th8D the smaIl ¢harity's thShOld of £250,000 and a reeeipts andpayments account lths tbe¥efore beenprpaTCd. The chty's assets hav¢ bcen invesW in )[dan with the pow¢r5 avoilabk tothe bith. The clwity budgets to eXpej its income a1 will rtot itw ¢xpeDditu¥c which is not covered by futuK income. Tll view ofthig policy. a speafr resTh policy As not nete88ary. but th¢ trustees will at all times be prudent in thcir ¢xpenditJJm. The thty d8 ts)t acl as ruth1ian for 8ny otherclwity. RA$k Assesiment The Iruste¢s' piitDary risk is tho loss in va of the charty's fut¥Js. As a result of the Sale of the clwity's frthld prowty in 2011 the p¢mJane4)t ¢on8ists of stock exchange investrnents wbich arc nREed by the charity's stockbmk¢L3. The trustees review the perforniance of th¢ inv¢slment5 annualty to monitor the perforniallc¢ of the 8tockbrokLY& The employment of a 801icitor lo admi1 the charity gives fitll PTOtection frnm negligence or fixud knth from the 801icitor's indemnity iosurance (£25 millTon limit)and th¢Law SoGi¢ty's indemnity fimd. The risk of misapplication of grants 18 low be(ause grdnts are only giv¢ll to well-known and so]idly tablished locaI schools or to individual young pwle who ar¢ ptrsonally 1ntenri and means The truste¢s have ltieIty eXnined theit C4Mdud and considu that th¢ir oonduct of the charity's MrAJMitty (Chairman of the Boord of Governors)
JOHNSOTrI'S EDUCATIONAL FOUNDATIOIY I report to the charity IntC¢S on my exaMiOll of the of the CoJDpaay for thc year end Sept¢mber 2023, which 8r¢ 8& out on pag¢s 5 to l l. Re8pon8lblUtle8 amd b#si¥ of Teport As th¢ charity's tt¢¢$ of the C(Nnpany (and also its direc f¢x the purp[ of wmpany law) you are responsible for the preparation of the a¢wunts in dallee with the rnwirements of the Companies Aet 2006 Cth¢ 2006 Act.) Having satisfied myself that the a¢coullts oftk Cowy not rrquired to be audited underPart 16 of the 21X)6 Act and are eli1¢ for inde1 exemitiatiofy I report iti resm of my examinatioll of our charity's OUnts a5 caTri¢d out under se10n 145 of the Charities Act 2011 ('th¢ 2011 aL'). tn 8¢cLion 145 {5)(b) of the 2011 A¢1. I hhve o)mplefrd my ¢XamiOn. I thai no matler has come to our attelllion in (x)llnection with tILe ex3minationsiving me Ixuse lo beli I. AccL)untÉng red$ wer¢ llot kepl in res of Ann Johnson's Ftional Foundation requir¢dby section 386 of the 2006 A¢< of 3. The accOuS do ty)t Cotllpty with the a(7)U requimert£ of section of the 26 Act oth¢r than any Eequirement that the accounts giv¢ a and fair vi¢w' which is not a matt 4. The acrA)unts ha not been prepared in accordw with tbc Tnetbfyjs and principles of the StateD)an of R¢comm¢th PCtic4 for a¢¢ountin8 and rep)rting by cknities [applicable to applible in the UK8nd Repub]ic of Treland (FRS [02)] I bave no conc¢ms alldhave m¢ acr(18s no othcrmott¢rs in ¢onoe¢tion witb the eXan)Ion to which att¢nlion shoum iK ill this T¢irt ill orts to athbl¢ a woptt of th¢ aullI8 to be 4cb¢(L ITd¢p¢nd¢n* Exatniner Comish & Su68ex Suits House 3 Black Notl¢y CM77 &IT 28. May 2024
ANI4 IOHNSOWS EDLTCATIOFIAL FOI.YDATION RKCEtPTS AND PAYMENTS AccOur YEAR LYIIKDJO 8RFfEMBER2011 T•tsl In¢om¢ fr(An 29963. 29.963.20 21.018.36 Ch&iLi¢8 DeprAtEnd 0.14 220.61 16.96 14 220.01 1&96 275.51 303(Q.91 302Th1.91 2YJ.87 of 4¥5ets Inv¢stllMts 61.79527 61,795.27 135.303.10 91 18 158.596J7 (karts.. sots. 1750. 7.11. 11900. Hw[aria offJ¢ers' fees aryd d4)ttthit ¢Kaminer f. 1.158. 0ffi25.(Y) 1.158.ffl 5,30D. i.itt(K) Profrssional fr¢s G¥p & &JJs.'. athillrsthts fr J.8(M).Q) 5&1gJ7 7(J.( 3J36.lYJ 6,020.61 104.OD 1619.57 41Y2157 31,78161 IDvc2tsllthp]rchas¢d 5&n4.29 5&T24a9 144.895.13 l J32.19 TDtRI 178 (KV).93 N¢tro¢dptsl(payn**ts) 8349J2 8349.32 {19.4J2.96) Ttyniftry betw¢ Ch fimds It 1st Octob¢r 2022 &11333 8.113.33 27J2629 65 36165
ANN JOHNSON'S EDUCATIONAL FOUNDATION NOTES TO THE ACCOUhYS Ch fllnds held th represented by: Cash at b8ffjk.' unrestil¢tL. CAF Bank 21123 2022 12.055.33 7,6.87 0.00 505.46 vesl¢c 4.307.32 £ 16J6165 £ 8.L13.33 vestments: see note 5 MrAJMitty (Chairman of BO of Go M Tk>Tsett (Cl¢tk to Board of Goverllors)
JOHNSON?S EDUCATIONAL FOLThDATtON NOIIS TO THE ACCOU YEAII ENDED 30 SEYfLMBER 2025 I ACCOI]NnNG POLICIFS accordanc¢ with the SORP FRSIO2. 2 TRUSTEES, REKUNERATIOY EXPL)SLS No trustee nor any pOll com*ctol Fith them I8 or is to ceAve any Ulleration or exp08 for th¢ peri or IndirIlY from the charity's fullds. 3 STAFF COSTS AIYD EMOLUMENfS There are no employees with anolunmts abovc £50,(XIO
ANN jOINS0,s KDUCATIONAL FOUNDATIO NOTES TO THE ACCOUNTS SCHEDIiLE OF LYVESTMENfThcoME Year endedyw ended 30S23 to 30.922 395.97 3.494 120 14.455 557.64 412.99 287.04 418ts5 31.35 467.63 1,196.92 Ap4x GlobalAtykn 430.81 346.67 10.36 6,450 530 4320 6,545 13,5(M) 2,285 930 20,000 28.400 Balay$ BHP 1.604.74 B]a¢knKkFm Ild 108.15 1.080.00 914.02 Blackrnck World 1.080.00 ,151.68 C8Pita Fial&l TTOiatt O 101.38 1.627.05 802.00 315.64 61.75 726.78 188.11 25.48 L093.99 776.(Kl 315.64 40.61 708.94 183.27 City ofknth bLYetsTru# 4235 9J90 INrpubli¢ Par(n¢r LFOdt Futtd8 176 942.38 407.64 223.50 130 1160 I2.0 144 7.916 1.716 192.53 2.40 639.54 158.32 871.73 138.96 535.68 712.41 824.54 85920 3(Y).38 Pantheo 839.13 119.97 536.40 532.96 775.20 PdentIal 6 20,165 20.IXM) 23S(KI 700 13,850 1,050 7.555 4.0 S¢hrithrsAsAao fimd Sefrrc*Je knv FD SSE 624.40 896.11 191.10 s85.} 192. 204.78 136.98 615.00 574.70 1.144.87 1,837.75 455.56 257.70 Tate & Lyle WcrfNJ8ide FAtr8y 12.( 13J40 0.68 615.00 677.IKI 799.07 777.05 &75. hpiter UT MaitlAud lo6ti Swia 683.10 14,11)0 6,483 918.76 449.05 317J8 261.35 333.37 76195 39.865 1,465 868A9 96121
ANN JOHNSON'S EDUCATIONAL FOUhTATIO IYOTES TO THE Accoijiyrs YEAR KNDFD 30 SKFfEMBER 2023 ket Market V8kne Vthe 2023 2022 UK ind fnt¢rn4do]Ml Equltles I3.2 5,943 11,930 14227 11,537 9,309 12.075 20,012 13,964 26,055 11945 11667 24,746 41.440 3.494 120 14,455 Apax Global Alpb 5.685 13,321 11,800 6,450 530 4.320 6.545 13,500 1285 930 20.0 28.41J) 4.0 Barclay8 BHP BH Macm Od NPV Bla¢kn)ck Fm I Blacktock Nortb Am Otd Black[k Wodd Bmwn Advisory Capits FItJanci Trojan O tjc 10254 12.405 15J68 l6.895 24.638 13.493 14,024 24.754 34,953 City of LoJMlon tnvestment Tt ord 25p Fund smith LLP Fquity INf kblIC Parlner ]nvestor AB LF Ode Funds 15,870 23,785 11,644 11653 14,728 E5,938 7.743 12,079 15,050 21.696 14235 10,558 14.728 15.693 7.354 12,663 4.235 9.390 800 3.505 176 National Grid Nestle 130 i[11 Nbger B( N¢xtenergy Solarlyle 11551 10,356 11,611 6.087 .274 8,0(M) 15,638 14.374 8,576 10,533 11268 10,505 72 5,8(14 3,282 13,885 132th) 11.045 7,758 9,038 8.045 13.484 14,525 9.880 110 144 7,916 1,716 900 600 20,165 20,000 239CKI 7fKJ 13,850 1,050 7,555 4,IXIO PhoeDiX Group Holding Prudcntial Roy8J Dutch Shell . ord É0.07 Scbr(thrUDit Asian Sclwo&r bDit Trust SdwotsInv FD SSE ord 50p T&rgrt HcaltlLc4r¢ Tate & Lyle Vlafon¢ Grw USD 0.11428571 Wakouse R¢it Woo(Lside Fw8y JP MoTg8n 10.694 12.694 7.137 4.320 1,759 14,IKIO 14.IyXI £455.361 £487,833
NN JOILVSON'S EDUCATIONAL FOUNDATION NOTES TO THE ACCOtNrs YEAR EfqDED 30 SEPTEMBLU 2011 M•rkrt mlet Value 2023 UK Fixed Jnt¢rest 2022 338 Government boll 29,075 Jnten8t on Gov Bonds 30,742 y40n0vern¢llt bond• 12,1K)O Prwident 5.125% 11.886 11,493 tnvertmenl ¢ompaDy 13,540 CVC Credit E Ord Jupit¢rGbl Bd D Seqvoia I36 11755 12.585 11.445 11,103 14.(K)O 6.483 11,641 12,986 £81,099 £59.381 Over8ea8 Fsxed ljthrnt 39.865 1,465 19,446 11,998 19.825 11,149 Eaton Vanc¢ Mgt £31.444 £30,974 Totsl market V41ve of inveotments £567S04 £578, J 88 Ullrutsleted fllDd8 86,081 481.823 86,081 492.107 £567,gMM £578.188 10
ANN JOHsON>s EDUCATIONAL FOUhT)ATION NOTLS TO THE ACCOLwrs At 30 September 2023 th¢ panent endopnne4rt consi&ed of th¢ inv¢sInlS shown ebove to the value of £481.823, 05 5 (2022 £492.I07). 2022 Cash fimds hejd (pag¢ 6) tnv¢stments pttnote 5 16,362 86.081 8,113 86,081 £101443 £94,194