The Johnson Foundation (a company limited by guarantee) Trustees, Report and Financial Statements Registered number 02109197 Registered charity number 518660 31 March 2024
The Johnson Foundation (a company limited by guarantee} Trustees, report and financial statements 31 March 2024 Contents Page(s) Trustees, report Audit Report Statement of financial activity lincluding income and expenditure account) io Balance sheet li Cash flow statement 12 Notes to the cash flow statement 13 Notes to the financial statements 14-20
The Johnson Foundation13 company limited by guarantee} Trustees, report and financial statements 31 March 2024 Trustees, report Reference and administrative details Directors and trustees K E Eugeni C W Johnson S A Stevenson C Ljohnson H S Frost Registered off ice Off ice 2F Egerton House 2 Tower Road Birkenhead Wirral CH41 IFN Registered charity number 518660 Company number 2109197 Operational address Office 2F EEerton House 2 Tower Road Birkenhead Wirral CH41 IFN Auditors Robinson Rice Associates 93 Banks Road West Kirby Wirral CH48 ORB Investment advisers Rathbones Incorporating Investec Wealth & Investment Port of Liverpool Building Pier Head Liverpool L3 INW Bankers National Westminster Bank plc Charing Cross Branch Grange Road West Birkenhead CH414DF
The Johnson Foundation (a company limited by guarantee} Trustees, report and financial statements 31 March 2024 The trustees, who act as directors for the purpose of company law, present their report and financial statements for the year ended 31, March 2024. The administrative information detailed on page I forms pa rt of the trustees, report. Structure, governance and management The Johnson Foundation is a company limited by guarantee, not having share capital, and is therefore limited by its memorandum and articles of association. The liability of the members is limited to £1 each. The company was incorporated on 11 March 1987 and registered as a charity on 6 April 1987. In the trustees, opinion, the financial statement5 comply with current Statutory requirements, the charity Statement of Recommended Practice FR5102 and with the requirements of the charity's memorandum and articles which is its governing document. The day to day affair5 of the Foundation are co-ordinated by the trustees who meet at regular intervals. These meetings primarily incorporate an appraisal of the financial situation of the Foundation, the consideration of a number of applications for donations and grants and an evaluation of current and future investments,. together with any other matters which may from time to time arise i ncluding consideration of topical issues such a5 amendments to charities legislation. Existing trustees keep up to date with topical issues and any changes in charity law through periodic updates received from the Charity Commission. Directors and trustees The trustees who sewed during the year were as follows.. K E Eugeni (Chairman),. C WJohnson' S A Stephenson C Ljohnson. H S Frost The trustees act as directors for the purposes of company law. There must be at least two but not more than eight on the Board. The Board meets regularly, administers the charity and may, from time to time, appoint new members at their discretion. Trustees can be removed by resolution of the Board. The chair of the trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the governing document, admi n istrative procedures a nd the history and philosophica l approach of the charity. The origina I trustees have held office for over 10 yea rs, however due to the size and nature of the organisation this is deemed appropriate. Risk management The trustees intend to review the major risks to which the charity is exposed during late 2024 however they do not anticipate any major changes to the risks related to the operations and finances of the trust. The trustees are satisfied that systems a re in place to mitigate the Foundation's exposure to the major risks. The trustees consider the key risks and uncerta inties facing the trust to be.. That the grant or loan awarded is not Lssed for the purpose intended. That the project is not completed and the amounts invested cannot be reclaimed; The reputation of the Foundation is damaged due to non-completion of a project,. That charitable monies are used inappropriately by ourselves or our gra ntees-
The Johnson Foundation (a company limited by guarantee) Trustees, report and financial statements 31 March 2024 Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects and the organisation has in place, open and transparent grant and loan making guideli nes wh ich protects aga inst reputational risk. Objectives and activities for public benefit The Foundation has continued in the main to support charitable activities in the Liverpool City Region by donations and grants to many of the Smaller charitable activities in the local area. It is the intention of the Foundation to be a grant making charity forthe long term. The objectives for which the Foundation is established are.. to promote any charitable purposes for the benefit of the Liverpool City Region. to promote any charitable purposes and in particular the advancement of education, the preservation and protection of hea Ith a nd rel ief of poverty a nd sickness. The trustees confirm that they have referred to the guidance conta ined in the Charity Com mission's general guidance on public benefit when reviewing the Foundation's aims and objectives and in planning future activities and in setting the grant making policy for the year. The trustees believe that in satisfying the objectives above, the Foundation continues to have a positive impact on members of the public in the Liverpool City Region. The outgoing resources for the year amounted to £2,824,73412023.' £151,976). Achievements The Foundation continued to support charitable activities in accordance with the objectives noted above and a variety of grants and donations was made to community care and educational organisations to support a range of activities for children and families Future plans The trustees consider the current pattern of grants to education, health, youth and sport, together with donations to a wide range of small charities which have little or no professional fundraising capabilities to be in line with the goals of the Trust. The recent strap line of 'nurture the youth, support families and respect the elderly, continues to represent the ethos of the Foundation. Grant making policy I n accordance with its objects the Foundation awards grants and Elves a donation from unrestricted funds to charitable activities in the Liverpool City Region at the discretion of the trustees. This year the Foundation awarded £2,706,08712023: £52,013) in grants and donations. Details of grants made can be found in the notes to the financial statements. Whilst the Foundation is always prepared to help large charities, it tends to specialise in helping the smaller charities unable to afford professional fund raisers. However, this year the Foundation has agreed to sponsor"The Peter Johnson Chair in Parkinson's Disease and Movement Disorders" at the University of Liverpool for the purpose of driving forward new discoveries, treatments and interventions in Parkinson's Disease. The £2,586,000 funding will be used to set up an expendable endowment fund, to be held at the University of Liverpool. This will support the chair for the next 22+ years, but the Chair will be named in perpetuity.
The Johnson Foundation la company limited by guarantee) Trustees, report and financial statements 31 March 2024 In addition to this, the Foundation has continued to grow and expand its own 'lnspired Reading, and mentoring programme which to date has enrolled and trained 73 volunteers to react to the education gaps caused by lockdown. It now features within ten local primary schools and has so far supported over 500 children aged 6-9 years old with their literacy, self-esteem and confidence. This programme will continue, and it is hoped that the numbers of children supported will increase with adding additional schools and Volunteer Mentors. Additionally, the Foundation launched its own fully funded careers Inspiration and Aspiration Building programme in 2022. Collaborating with several amazing, engaged busine5ses/organisations, the fundamental aim of the 'My Big Future, project is to inspire young people into the world of work by 'bridging the gap, and facilitating a local platform and dialogue between busine55 and education, whilst in addition, enabling and ensuring meaningful and inspirational delivery into schools from grassroots level. To date, the programme ha5 engaged and supported over 1000 children laged 8, 9 and 101 with a mixture of Foundation delivered workshops, 'Behind the Scenes, business visits and innovative Enterprise days since the programme was re-launched back in October 2022. It is now moving into its third year and will continue to support eight primary schools- seven of which are also involved with our Inspired Reading programme. Our brand-new W.O.W Ambassador Network will seek to complement and enhance this delivery from September 2024 with a series of Inspirational career talks to those on programme and positive role model identif icatio n. With 'lnspired Reading, engaging those in Year's 2 and 3 Ipredomina ntlyl and 'My Big Future, continuing their journey with us into Year's 4 and 5- we're now able to offer a full complement of support across the school journey as the children grow a nd start to explore their own futures. Reserves policy The trustees define free reserves to be unrestricted funds excluding any freehold land and buildings as these are not easily realisable. At the year-end free reserves amounted to £7,019,53012023 £2,070,060). The trustees deem the current level of reserves to be in excess of requirements, however given the volatility of the current investment market consider this to be prudent. Investment policy The trustees have the power to invest in such asset5 as they see fit. Dividends and Loan Interest amounted to £81,791 in the current year12023: £78,445). Investments held by the charity have been acquired in accordance with the powers available to the trustees. The trustees have considered the most appropriate policy for investing funds and have prioritised maintenance of the income stream and ensuring, as far as possible, that the investment income on a year by yea r basis exceeds the level of cha rita ble donations by a ma rgi n broad ly in line with that achieved si nce the start of the Foundation. In the current year, the investment income for the Foundation did exceed its charitable donations. The trustees intend to invest the Foundation's funds principally in listed securities and commercial property and will seek to obtain the most appropriate financial return from such investments without undue risk to the invested funds. Statement of Trustees, Responsibilities The trustees are responsible for preparing the Report of the Trustees and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland
The Johnson Foundation la company limited by guarantee) Trustees, report and financial statements 31 March 2024 Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, ii)clud ing the income a nd expenditure, of the charitable company for that period. In prepa ring those f ina ncia I statements, the trustees are req uired to: select suitable accountinE policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the charitable company's auditors are unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. On behalf of the trustees K E Eugeni Chairman
The Johnson Foundation la company limited by guarantee) TrLtstees' report and financial statements 31 March 2024 Independent Auditor's Report to the Members of The Johnson Foundation la company limited by guarantee). Opinion We have audited the financial statements of The Johnson Foundation Limited Ithe 'charitable company'l for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statement5, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Sta ndards l United Kingdom Generally Accepted Accounting Practice}, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31, March 2024 and of its incoming resources and application of resources, including its income and expenditure, forthe year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, included Financial Report Standa rd 102. The Financial Reporting Standard applicable in the UK and Republic of Ire5and' and have been prepared in accordance with the requirement5 of the Companies Act 2006 Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUK}I and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to o ur aud it of the financia15tatements in the UK, including the FRC'S Ethica15ta ndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the prepa ration of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
The Johnson Foundation la company limited by guarantee) Trustees, report and financial 5tatement5 31 March 2024 Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statement5 does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this Other information, we are required to report that fact. We have nothing to report in this rega rd. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial yearfor which the f ina ncial statements are prepared is consistent with the f ina ncial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law a re not made we have not received all the information and explanations we require for our audit or the trustees were not entitled to prepa re the f ina ncial statements i n accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report.
The Johnson Foundation {a company limited by guarantee) Trustees, report and financial statements 31 March 2024 Responsi bilities of trustees As explained more fully in the Statement of Trustees, Responsibil ities, the trustees (who a re also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations or have no realistic alternative but to do so. Ou r responsibilities for the audit of the financial statement5 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 5rregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are ca pa ble of detecting irregula rities, incl ud ing fraud is deta iled below: Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions ref lected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuriing due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation
The Johnson Foundation la company limited by guarantee) Trustees, report and financial statements 31 March 2024 Our audit response is based on.. Enquiry of management, those charged with governance around actual and potential litigation and claims. Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulation5. Reviewing minutes of meetings of those charged with governance. Reviewing correspondence with releva nt regulators and lega l advisors. Reviewing financial statement d isclosures a nd testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including through testingiournal entries and other adjustments for appropriateness. Assessing whether judgements and assumptions made in determining accounting estimates were indicative of potential bias A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uk/auditorsresponsibi lities. This description forms part of our Report of the Independent Auditors. Prior year period We draw your attention to the fact that corresponding figures are unaudited. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have for Beverley Rice (Senior Statutory Auditor) for and on behalf of Robinson Rice Associates 93 Banks Road West Kirby CH48 ORB Date: .
The Johnson Foundation (a company limited by guarantee) Trustees, Report and Financial Statements 31st March 2024 Statement of financial activity (including income and expenditure account) Unrestricted 2024 Unrestricted 2023 Note Income and endowments Other trading activities Income from investments Other income Total income and endowment5 299,647 7,026,286 7,325,933 106,044 106,044 Expenditure Expenditure on raising funds Expenditure on charitable activitie5 Total expenditure {2,824,734) (2,824,734) 1151,976} 1151,976} Other recognised gains and losses Realised gain/llossl on sales of investments Unrealised gain on revaluation of subsidiary investment Unrealised gain/llossl on revaluation of investments Tota I recogn ised gains/llosses) 3,390 312,000 132,881 448,271 8,126 1110,225) (102,0991 Net income/(expenditure) 4,949,470 {148,0311 Net movement in funds 4,949,470 {148,0311 Total funds at beginning of year 2,434,853 2,582,884 Total funds at end of year 7,384,323 2,434,853 10
The Johnson Foundation (a company limited by guarantee) Trustees, Report a nd Fina ncial Statements 31st March 2024 Balance Sheet Note 2024 2023 Fixed assets Investments Tangible assets 8,861,349 516 2,227,888 110 8,861,865 2,227,998 Current assets Debtors Cash at bank and in hand 108,633 1,068,948 1,177,581 6,785 473,175 479,960 Liabilities Creditors.. amounts falling due within one year Net current assets Total assets less current liabilities { 689,1231 { 273,105) 488,458 9,350,323 206,855 2,434,853 Liabilities Amounts falling due after more than one year 10 11,966,000) Net assets 7,384,323 2,434,853 Funds Restricted funds Unrestricted funds 7,384,323 2,434,853 7,384,323 2,434,853 The financial statements were approved by the Board of Trustees and authorised for issue on 17th December 2024 and were signed on its behalf by.. K E Eugeni Chairman of Trustees H S Frost Trustee 11
The Johnson Foundation la company limited by guarantee) Trustees, Report and Financial Statements 31st March 2024 Cash Flow Statement 2024 2023 Note Cash flows from operative activities Cash generated from operations 7,093,607 124,299) Net cash from operating activities 7,093,607 (24,299) Cash flows from investing activities Purchase of investments Purchase of fixed term investment Purchase of tangible fixed assets Sale of investments Maturity of fixed term investment Net cash from investing activities 1245,583) {6,500,0001 16451 248,394 (194,6441 (110) 180,476 (6,497,834) (14,278) I ncreasel(decreasel in cash and cash equivalents 595,773 138,577) Cash and cash equivalents at the beginning of the year 473,175 511,752 Cash and cash equivalents at the end of the year 1,068,948 473,175 12
The Johnson Foundation (a company limited by guarantee) Trustees, Report and Fina ncia I Statements 31st March 2024 Notes to the Cash Flow Statement 1. Reconciliation of surplus to cash generated from operations 2024 2023 Net incomel(expenditurel Depreciation of tangible fixed assets Realised {gain)Iloss on sales of investments Unrealised (gain}Iloss on revaluation of investments 4,949,470 239 {3,391} 1132,8811 4,813,437 1148,0311 2,925 18,1261 110,225 143,0071 Decreasellincreasel in debtors Increasel{decreasel in creditors (101,8481 2,382,018 1537) 19,245 7,093,607 124,2991 2. Cash and cash equivalents 31.03.24 01.04.23 Year Ended 31 st March 2024 1,068,948 473,175 31.03.23 01.04.22 Year Ended 31st March 2023 473,175 511,752 13
The Johnson Foundation la company limited by guarantee) Trustees. Report and Fir)3ncial Slatetnents 31st March 2024 Notes to the finan¢ial ststements 1. A¢counting policies The following accounting policies have been applied consislenlly in dealing with items which are considered material with relalion lo the charitable company's financial slalemenls. The financial slalemenls are filed annually with the Registrar of Companies. Basis of preparation The financial statements of the charilable compan, which is a public benefit enlily under FRS 102, have been prepared in accordan with the Charilies SORP IFRS 1021 'Accounting and Reporting by Chaiilies.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢live 1 January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The Iruslees have considered the lèvel ol funds held and the expected level of income and expenditure for iwelve months from aulhorising these financial slalemenls The budgelled income and expenditure is sufficient with the level of reserves for the charity lo be able lo continue as a going concern. Incoming resources Income from inveslmenls, investment properties and other incoming resources are iecognised nel of VAT, where appropriate, in full when receivable on an a¢crLJals basis. Resources expended Expenditure is charged on an accrual basis, inclusive of irrecoverable VAT. Charitable activities comprise those costs directly incurred in puisuance of the charitable company's aclivilies. These Costs are mainly donations and grants made by the charitable company. Where costs cannot be directly allribulable lo particular headings they have been allocated on a basis consislenl with the use of resources. There were no such allocations in the year. Unrestricted funds Unreslricled funds are donations and other incoming resources receivable or generated for the Dbjec15 of the charity wilhoul further specified purpose and are available as general funds. These funds can be used in accordarice with the charitable objects al the discretion of the Iruslees. Restricted funds Reslricled funds are subjected lo reslri¢lions on their expenditure imposed by the donor. Investment properties and depreciation Investment property is considered for revaluation annually by the Iruslees. If the year end valuation is found lo be different lo the carrying value in the accounts, the surplus or deficit is transferred to the Slatemenl of Financial Aclivilies. Listed investments Listed investments held as fixed assets are revalued lo market value at the balance sheet dale and the gain or loss taken lo the Slalemenl ol Financial Activities. Unlisted investments Unlisted investments held as fixed assets ale initially measured at cost and subsequently measured as cost less any accumulated impaiiment losses. The investments are assessed for impairment al each reporting dale and any impairment losses or reversals of impaiTmenl losses are recognised immediately in the Slalemenl of Financial Activities 14
The Johnson Foundation la company limited by guarantee) Tiustees, Report an(5 Financial Slatemenls 3151 March 2024 1. Accounting Policies Continued Debtors and creditors receivable I payable Debtors and creditors with no slated interest late and receivable or payable within one year are recorded al transaction pri. Any losses arising from impairment are reGognised in expenditure. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over ils estimated useful life. Fixtures and fittings 20Q/o on costs Employee Benefits The charity operates a defined contribution plan for the benefit of ils employees Contributions are expensed as they become payable. The amount of £1,497 has been included in the SOFA under salaries. Cash and cash equialents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original matuiiliesof three months or less, and bank overdralls. Bank overdralls are shown within borrowings in current liabilities. Taxation The company is exempl from laxalion under the Income and Corporation Taxes Act on ils charitable aclivilies. 2. Income and endowments 2024 Unreslricled 2023 Unieslricted other trading activites Income from investments Rent receivable Dividends and Loan Interest Dividend from Subsidiary Inlelesl received on depos11 accounts 18,944 81,791 83,682 115.230 24.780 78,445 2,819 299,647 106.044 Othèr income Donation 7,026,286 7,026,286 7,325,933 106,044 15
The Johnson Foundation {a company limited by guarantee) Trustees, Report and Financial Slalemenls 31 st March 2024 3. Raising funds 2024 Unrestricted Fundraising costs Salaries Tota5 donations 4. Charitable activities 2024 Unrestricted Airborn Flying Birkenhead Gang Show Clatterbridge Charity Ball Foundation Years Trust Glenavon KH2 - Clare Mount School Kids Konnect Lighthouse Centre Mersey Thai Neo Community New Ferry Rangers Patience Wood Phoenix Healing Royal Court St Werburgh's Stick n Step University of Liverpool Valley Brass Band WUTH Charity Ball WUTH Charity Lunch 5000 2,000 10,000 500 490 7,385 2,000 32,000 4,000 3,450 30,000 2,000 2,000 10,000 1,212 4,000 2,586,000 2,000 1,400 650 Total Donations 2,706,087 Salaries Sundry Rent and Telephone Computer Costs Post and Stationary Auditor's and Accountant's Remuneration Legal and Professional Fees Insurance Projects and Events Bank Charges Depreciation Charge 65,523 240 11,191 5,513 719 6,060 26,308 1,550 1,304 239 Total Overheads 118.647 Total Costs 2,824.734 16
The Johnson Foundation (a company limited by guarantee) Trustees, Report and Financial Slalemenls 31st March 2024 4. Charitable activities (continued) 2023 Unrestricted Buirkenhead Scouts Clare Mount Spec ialist SPORTS College IKH21 ClatterbridEe Cancer Hive Youth Zone Liverpool Cares New Brighton Community Old Parkonians Outward Bound Oxton Cricket Club Stick 'n' Step The Open Door Centre Wirral University Teaching Hospltal Charity 8all 1st Bebington Brownies 700 7,397 10,000 10,000 5,000 3,000 2,000 3,276 750 3,450 5,000 1,140 300 Total Donations 52,013 Salaries Sundry Rent and Telephone Computer Costs Post and Stationary Auditors, Remuneration Accounting Fees Legal and Professional Fees Insurance Projects and Events Bank Charges Depreciation Charge 59,431 72 8,904 3,228 572 1,240 21,302 1,354 893 42 2,925 Total Overheads 99,963 Total Costs 151,976 17
The Johnson Foundation la company limited by guarantee} Tiustees, Report and Financial Slaletllenls 31 sl March 2024 5. Staff numbers and costs The average monthly number of persons employed by the charity during the year was 2 (2023 - 21. The lolal salary costs were £65,52312023 - £59,431). The Iruslees received no emoluments lor their services. 6. Fixed asset investments Investment in UK Listed Unli51ed Freehold Land Investments Investments and Buildings Investment in Fixed Term Bank Account Total At valuation Opening 8alan¢e al 1 sl April 2023 Additions Disposals Change in market value Closing Balance al 31 sl March 2024 364,793 1,863,094 245,583 1248,3941 136,272 1,996,555 2,227,888 6,745.583 1248,3941 136,272 8,861,349 6,500,000 364,793 6,500,000 Cost or valuation al 31 March 2024 is represented by.. Investment freehold land and buildings Valuation in 2008 Impairment in 2008 Valuation in 2013 Valuation in 2020 Cos1 31,000 126,200) 17,750 139.9991 382,242 364,793 If the inveslfflenl in freehold land and buildings had not been revalued they would have been included as the following historical GOSI.. 2024 2023 Cost 382,242 382,242 Investment in freehold land and buildings were valued on an open market basis on 29 June 2007 by Messrs Mason Owen & Partners and Messrs Honeybourne Kenny, Chartered Surveyors. Al 31 March 2008, the trustees elected lo impair the properties due lo the downturn of the properly market. The Iruslees assessed Ihe market valLJe of Ihe properties held al 31 March 2024 and consider the revised valuation lo be appropriate. 18
The Johnson Foundation la company limited by guarantee) Trustee5' Report and Financial Slalemenls 31 sl March 2024 7. Tangible fixed assets Total Cost Al 1 sl April 2023 Additions Al 31 st March 2024 16,220 645 16,865 Depreciation At 1 st April 2023 Charge for year Al 31st March 2024 (16,110) {239) 16.349 Net book value at 31st March 2023 110 Net book value at 31st March 2024 516 8. Debtors: amounts falling due within one year 2024 2023 Other debtors Accrued income 101,496 7,137 6,785 108 633 9. Creditors: amounts falling due within one year 2024 2023 Accruals Accrued sponsorships Inter Company Account with J2 Hydro Limited VAT 13,639 620,000 55,041 443 7,585 100,000 164,926 594 689 123 273.105 10. Creditors: amounts falling due after more than one year 2024 2023 Accrued sponsorships 1,966,000 1,966 000 11. Funding Commitments The following funding commitments are included in current and long term creditors Brought fomard at 1 sl April 2023 Paid in the year Pledged in the year Carried forward al 31st March 2024 100,000 {100,0001 2,586,000 2,586,000 Allocated Less than one year Greater than one year Total pledged 620,000 1,966,000 2,586,000 19
The Johnson Foundation (a company limited by guarantee) Trustees, Report and Financial Slalemenls 31 st March 2024 12. Unrestricted funds Fund Transfers 31.03.2024 01.04.2023 Income Expenses Funds 2,434,853 7,774,204 2,824,734 7,384,323 2,434,853 7,774,204 2,824,734 7,384,323 13. Analysis of net assets between funds Fixed Assets Current Assets Long Term Liabilities 2024 Total 2023 Total Restricted funds U nrestricted funds 8,861,865 488,458 11,966,000) 7,384,323 2,424,853 8,861,865 488,458 11,966,000> 7,384,323 2,424,853 14. Auditor's Remuneration Auditor's remuneration for the year ended 31 st March 2024 amounted to £6,600 {2023 £0) 15. Statutory Information The Johnson Foundation is a private company, limited by guarantee, registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity's registered numbers and registered office address can be found on the Reference and Administrative Details page. 16. Related Parties There were no related party transactions during the year. 17. Investment in subsidiary The Charity owns 100 % of the ordinary share capital of J2 Hydro Limited (08709619). The turnover for the year ended ended 31st March 2024 was £0 and net assets were £312,000. The presentation currency of the financial statements is the Pound Sterling (£). 20