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