2021-03-31-accounts - The Johnson Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Contents									Page(s)
Trustees' report									1-4
Statement ofTrustees'	responsibilities	in respect ofthe Trustees'			Report and the financial statements
Independent auditors'	report to the members		ofThe Johnson	Foundation		(a company	limited	by guarantee)	6-8
Statement offinancial	activity (including	income and expenditure			account)
Balance sheet									10
Cash flow statement
Notes to the cash flow	statement								12
Notes to the financial	statements								13-19

Directors	and trustees	and trustees	P RJohnson
			C W Johnson
			K E Eugeni
			S A Stevenson
			C LJohnson
Registered		office	Pacific Road Business	Hub
			1 Pacific Road
			Birkenhead
			Wirra I CH41 1U
Registered		charity number	518660
Company	number		2109197
Operational		address	Pacific Road Business	Hub
			1 Pacific Road
			Birkenhead
			Wirral CH41 1U
Auditors			Robinson Rice Associates
			93 Banks Road
			West Kirby
			Wirra I CH48 ORB
Investment		advisers	Investec Wealth 5 Investment
			The Plaza
			100Old
			Liverpool L3 9AB
Bankers			Allied Irish Bank (GB)
			1St. Pauls Square
			Old Hall Street
			Liverpool L3 9PP

				Restricted		Unrestricted	Total	Restricted	Unrestricted	Total
			Note	2021		2021	2021	2020	2020	2020
				E		E	E	f	E	E
Income and endowments
Other trading activities								13,921		13,921
Income from investments						92,830	92,830		138,819	138,819
Other income									301	301
Total income and endowments						92,830	92,830	13,921	139,120	153,041
Expenditure
Expenditure on raising funds								(5,635)	(10,526)	(16,161)
Expenditure on charitable	activities					(198,044)	(198,044)	(11,485)	(647,089)	(658,574)
Total expenditure						(198,044)	(198,044)	(17,120)	(657,615)	(674,735)
Other recognised gains and losses
Realised gain/(loss) on sales of properties
Realised gain/(loss) on sales ofinvestments						(243,187)	(243,187)
Unrealised gain/(loss) on	revaluation	of investment	6			92,426	92,426		(547,610)	(547,610)
Total recognised gains/(losses)					0	(150,761)	(150,761)	0	(547,610)	(547,610)
Net income/(expenditure)						(255,975)	(255,975)	(3,199)	(1,066,105)	(1,069,304)
Net movement in funds						(255,975)	(255,975)	(3,199)	(1,066,105)	(1,069,304)
Total funds at beginning	ofyear					2,702,014	2,702,014	3,199	3,768,119	3,771,318
Total funds at end ofyear						2,446,039	2,446,039		2,702,014	2,702,014

				Note	2021	2020
Fixed assets
Investments				6	2,686,999	2,835,756
Tangible assets				7	5,349	8,411
					2,692,348	2,844,167
Current assets
Debtors					27,303	159,696
Cash at bank and	in	hand			239,434	336,293
					266,737	495,989
Liabilities
Creditors: amounts		falling	due within one year	9	( 263,046)	( 232,892)
Net current assets					3,691	263,097
Total assets less	current		liabilities		2,696,039	3,107,264
Liabilities
Amounts falling due		after	more than one year	10	(250,000)	(405,250)
Net assets					2,446,039	2,702,014
Funds
Restricted funds				12
Unrestricted funds				13	2,446,039	2,702,014
					2,446,039	2,702,014

			2021	2020
		Note	E	E
Cash flows from operative activities
Cash generated from operations			(94,855)	754,303
Net cash from operating activities			(94,855)	754,303
Cash flows from investing activities
Purchase of investments			(923,408)	(985,500)
Purchase of fixed term investment				( 500,000)
Purchase of tangible fixed assets
Sale of investments			921,405
Maturity of fixed term investment				750,000
Net cash from investing activities			(2,003)	(735,500)
Increase/(decrease) in cash and cash equivalents			(96,858)	18,803
Cash and cash equivalents at the beginning	of the year		336,293	317,490
Cash and cash equivalents at the end of	the year		239,435	336,293

				2021	2020
				E
Net income/(expenditure)				(255,975)	(1,069,304)
Depreciation of tangible		fixed assets		3,062	3,062
Realised (gain)/loss	on	sales of investments		243,187	0
Unrealised (gain)/loss	on revaluation		of investments	(92,426)	547,610
				(102,152)	(518,632)
Decrease/(increase)	in	debtors		132,393	1,001,378
Increase/(decrease)	in	creditors		(125,096)	271,557
				(94,855)	754,303
2.Cash and cash equivalents
				31.03.21	01.04.20
Year Ended 31st March		2021		239,435	336,293
				31.03.20	01.04.19
Year Ended 31st March		2020		336,293	317,490

2. Income and endowments	2. Income and endowments	2. Income and endowments	2021	2021	2021	2020	2020	2020
			Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
			f	F	E	F	E
Other trading	activites					13,921		13,921
						13,921		13,921
Income from	investments
Rent receivable				26,723	26,723		20,822	20,822
Dividends and Loan Interest				65,789	65,789		111,993	111,993
Intetest	received	on deposit accounts		318	318		6,004	6,004
				92,830	92,830		138,819	138,819
Other income
Sundry	income						301	301
							301	301
				92,830	92,830	13,921	139,120	153,041

funds				2021	2021	2021
				Restricted	Unrestricted	Total
				f	f	f
Fundraising costs
Salaries
Total donations
e activities				2021	2021	2021
				Restricted	Unrestricted	Total
				f	f	f
Age UK Wirral					6,000	6,000
Ellesmere Port College					3,000	3,000
Inspirations					2,160	2,160
Inspired Reading Programme					866	866
Koala NW					3,000	3,000
Leasowe Play Youth	and Community		Association		5,000	5,000
New Brighton Community		Association			3,000	3,000
Ronald McDonald House					100	100
Stick 'n' Step					2,500	2,500
Shaftesbury Youth Club					50,000	50,000
The Outward Bound	Trust				3,276	3,276
Wirral Churches' Ark	Project				3,000	3,000
Wirral Hospice StJohns					10,000	10,000
Wirra I Multicultural	Organisation				5,000	5,000
Total Donations					96,902	96,902
Salaries					53,154	53,154
Sundry					155	155
Rent and Telephone					15,218	15,218
Computer Costs					2,290	2,290
Post and Stationary					4	4
Auditors' Remuneration					2,760	2,760
Legal and Professional		Fees			22,953	22,953
Insurance					811	811
Projects and Events					486	486
Bank Charges					249	249
Depreciation Charge					3,062	3,062
Total Overheads					101,142	101,142
Total Costs					198,044	198,044

le activities (continued)	le activities (continued)	le activities (continued)			2020	2020	2020
					Restricted	Unrestricted	Total
					f	E	E
Alder Hey Family House	Trust					91	91
Birkenhead School - Cameron			Marshall			3,998	3,998
Clatterbridge Cancer					3,180	7,828	11,008
Eureka Project						500,000	500,000
Feeding Birkenhead						60,000	60,000
Help Link Community Support						22,000	22,000
Henshaws Society for Blind People (Man				chester)		1,000	1,000
Holy Apostles & Martyrs	Church					1,000	1,000
Hoylake Cottage Hospital					3,199	1,801	5,000
Hoylake &West Kirby Sea		Cadets				500	500
Liverpool &.Merseyside	Theatres Trust					25,000	25,000
New Brighton Community		Association				1,000	1,000
Royal Liverpool Philharmonic			Society			9,210	9,210
Seafarers UK (London)						2,000	2,000
Stick 'n' Step						5,425	5,425
The Bluecoat						9,300	9,300
The Foundation Years Trust						5,000	5,000
The Hive - Onside Youth	Zones				5,106		5,106
The Outward Bound Trust						2,184	2,184
Variety- the Children's	Charity					8,804	8,804
Variety Events						850	850
West Everton Community		Council				2,000	2,000
West Wirral Scout &Guide Gang Show						1,250	1,250
Wirral Holistic Care Services						1,200	1,200
Wirral Junior Cricket League						100	100
Total Donations					11,485	551,541	563,026
Salaries						55,886	55,886
Sundry						204	204
Rent and Telephone						7,452	7,452
Computer Costs						2,173	2,173
Post and Stationary						125	125
Auditors' Remuneration						3,120	3,120
Legal and Professional		Fees				21,759	21,759
Insurance						772	772
Projects and Events						647	647
Bank Charges						348	348
Depreciation Charge						3,062	3,062
Total Overheads						95,548	95,548
Total Costs					11,485	647,089	658,574

asset i	nvestments
		Investment in Freehold Land and Buildings	UK Listed Investments	Unlisted Investments	Investment in Fixed Term Bank Account	Total
		E	E	E
At valuation
Opening	Balance at 1st April 2020	364,793	1,618,053	352,910	500,000	2,835,756
Additions			923,408			923,408
Disposals			(1,164,591)	0	0	(1,164,591)
Change	in market value		445,335	352,909		92,426
Closing	Balance at 31st March 2021	364,793	1,822,205	1	500,000	2,686,999


7. Tangible fixed a		ssets							Total
									E
Cost
At 1st April	2020								15,312
Additions
At 31st March 2021									15,312
Depreciation
At 1st April 2020 Charge for year At 31st March 2021									(6,901) ~3,062 (9,963)
Net book value at 31st March 2020									8,411
Net book value at 31st March 2021									5,349
8. Debtors: amounts falling due within one year							2021		2020
							E
	Other debtors						21,921		152,231
	Accrued	income					5,382		7,465
							27,303		159696
9. Creditors: amounts falling due				within	one year		2021		2020
							F		E
	Accruals						9,103		7,244
	Accrued	sponsorships					205,250		225,125
	Inter Company Account			with J2 Hydro		Limited	48,	158
	VAT							535	523
							263	046	232,892
10. Creditors: amounts falling due after					more	than one year	2021		2020
							E		F
	Accrued	sponsorships					250,000		405,250
							250	000	405,250
11.Funding	Commitments
The following funding		commitments		are included		in current and long term creditors
									E
	Brought forward		at 1st April 2020						630,375
	Paid in the year								(225,125)
	Pledged	in the year							50,000
	Carried forward		at 31st March 2021						455,250
	Allocated:-
		Less	than one year						205,250
		Greater than		one year					250,000
		Total	pledged						455,250

12.	Unrestricted fund	s
						Fund
			01.04.2020	Income	Expenses	Transfers		31.03.2021
			E	E	E		F
	Funds		2,702,014 -	57,931	198,044			2,446,039
			2,702,014 -	57,931	198,044			2,446,039
13.	Analysis of net assets between		funds
			Fixed	Current	Long Term			2020
			Assets	Assets	Liabilities	2021	Total	Total
			F		E		E	F
	Restricted	funds
	Unrestricted	funds	2,692,348	3,691	(250,000)	2,446,039		2,702,014
			2,692,348	3,691	(250,000)	2,446,039		2,702,014