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THE JOHNSON TRUST LIMITED

Registered charity 277439 · accounts filings on the Charity Commission register · also known as SEAFORD COLLEGE, THE SAXON WELFARE TRUST LIMITED · listed website unreachable when last crawled

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Latest income
£23.2m
Latest spending
£22.8m
Registered
1980
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net income from operations of £419,276 for the year ended 31 August 2025, with total expenditure increasing by 2.9% to £22,789,423. Per the trustees' report, the charity holds no free reserves as accumulated surpluses have been fully utilised in tangible fixed assets, though total reserves stood at £20,148,930. The trustees consider the going concern basis appropriate, citing satisfactory operating cash flows and adequate resources to service liabilities.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Of the remaining reserves, £23,338,074 (2024: £24,438,273) is represented by tangible fixed assets meaning that accumulated surpluses have been fully utilised investing in the College’s estate and there are no free reserves at the balance sheet date. Free reserves represent the unrestricted income fund that is freely available to spend on any of the charity’s purposes. The Governors consider that the College is able to operate without free reserves” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Seabuild Limited, a wholly-owned subsidiary, charged the Charity £24,000 for water supplied. At year end, the net amount due to Seabuild Limited from the Charity was £44,826.
“During the year, Seabuild Limited, a wholly-owned subsidiary undertaking of The Johnson Trust Limited, charged the Charity £24,000 (2024: £24,000) for water supplied. At the year end, the net amount due to Seabuild Limited from the Charity was £44,826 (2024: £6,876).” — page 34
“During the year, Park Life Enterprises Limited, a wholly-owned subsidiary undertaking of The Johnson Trust Limited, charged the Charity £10,000 (2024: £6,000) for hire of golf facilities. At the year end, the net amount due from Park Life Enterprises Limited to the Charity was £15,373 (2024: £21,141).” — page 34
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Park Life Enterprises Limited, a wholly-owned subsidiary, charged the Charity £10,000 for hire of golf facilities. At year end, the net amount due from Park Life Enterprises Limited to the Charity was £15,373.
“During the year, Seabuild Limited, a wholly-owned subsidiary undertaking of The Johnson Trust Limited, charged the Charity £24,000 (2024: £24,000) for water supplied. At the year end, the net amount due to Seabuild Limited from the Charity was £44,826 (2024: £6,876).” — page 34
“During the year, Park Life Enterprises Limited, a wholly-owned subsidiary undertaking of The Johnson Trust Limited, charged the Charity £10,000 (2024: £6,000) for hire of golf facilities. At the year end, the net amount due from Park Life Enterprises Limited to the Charity was £15,373 (2024: £21,141).” — page 34
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Governor Mr A Hayes is a member of TWM Solicitors LLP, which provided legal services to the Charity for £831.
“During the year, Seabuild Limited, a wholly-owned subsidiary undertaking of The Johnson Trust Limited, charged the Charity £24,000 (2024: £24,000) for water supplied. At the year end, the net amount due to Seabuild Limited from the Charity was £44,826 (2024: £6,876).” — page 34
“During the year, Park Life Enterprises Limited, a wholly-owned subsidiary undertaking of The Johnson Trust Limited, charged the Charity £10,000 (2024: £6,000) for hire of golf facilities. At the year end, the net amount due from Park Life Enterprises Limited to the Charity was £15,373 (2024: £21,141).” — page 34
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Seabuild Limited, Park Life Enterprises Limited
“The College has two wholly owned subsidiaries: Seabuild Limited (CRN 02350413), which supplies water to the College and to some neighbouring properties and Park Life Enterprises Limited (CRN 04686440), which operates Seaford College Golf Academy.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£23.2m
Total spending
£22.8m
Cost of raising funds
£186k
Reserves (reported)
£20.1m
Employees
278

Reported reserves equal ~10.6 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: West Sussex

Income and spending

Financial year endIncomeSpending
31/08/2025£23.2m£22.8m
31/08/2024£23.2m£22.2m
31/08/2023£21.3m£20.2m
31/08/2022£18.9m£17.1m
31/08/2021£15.9m£15.9m

Common questions

Is THE JOHNSON TRUST LIMITED financially healthy?

The accounts state that the charity reported a net income from operations of £419,276 for the year ended 31 August 2025, with total expenditure increasing by 2.9% to £22,789,423. Per the trustees' report, the charity holds no free reserves as accumulated surpluses have been fully utilised in tangible fixed assets, though total reserves stood at £20,148,930. The trustees consider the going concern basis appropriate, citing satisfactory operating cash flows and adequate resources to service liabilities. Its FY2025 accounts were audited by Crowe U.K. LLP.