REGISTERED COMPANY NUMBER.. 06782980 IEngland and Wale81
REGISTERED CHARITY NUMBER: 1127397
Rèport of the TTu$tsas and
Financlal Statement¥ for the Year Ended 30 Jung 2024
for
THE JOHN BOOTH CHARITABLE FOUNDATION
l<nox Cropper LLP
Chartergd Accountants and Statutory Audltors
65 Leadenhall Stre81
London
EC3A 2AD

THE JOHN BOOTH CHARITABLE FOUNDATION
Contents of the Flnanclal Stat&ment8
for the Year Ended 30 Jun8 2024
P•g&
Report of the Tru$teg$
Report of the Indgpondent Auditors
Statèment of F5nanclal Aetlvltle5
Balance Sheet
Cash Flow Ststement
10
Notes to th? Ca¥h Flow Stalernent
Note¥ to th• Flnanelal Statemonts
12 to 20

THE JOHN BOOTH CHARrrABLE FOUNDATION IREGISTERED NUMBER.. 067829BOI
Report of Ihe Trustee5
for the Year Ended 30 June 2024
The trustees who ar8 also directors of the ¢harity for the purpos8s ol the Companies Act 200e, present their
reportwith the financial slalemertls of the charity for the year ended 30 June 2024. The Iruslees have adopted
the provislons ol Accounting and Reporhng by Chariti85'. $18lement ol Recomrnended Practice applicable lo
charities preparing their accounts in accordance with the Finan￿81 Reporting Standard applicable in the UK
and R8public of Ireland IFRS 10211gffectSve 1 January 20191.
OBJECTIVES AND ACTIVITIES
Oblèctlves and aim5
The object ol the Charity is th8 promotion of any charitable purpose or obj￿1 lor the benefit of th8 public,
prfmarily in England, by the provision of grants at the ebsolule dls¢relion of the Trustee body.
These are rnade large￿ In the areas ol education. the arts and the Christian religion and the Tru8le6s believe
that the Charity's grant making activities conlrlbule signif1canlly lo public b8n6fit in these areas by enabling
$ubstantl81 numbers of young people to have access to education and Iralnlng, helpirig v8riou5 arts
0198nlsations lo pul on perforrnsnces, exhlbilions 8nd social prograrnmes which enhan￿ the qualfty of lif6 of
the communities they 8efve, and by empowerlng churches and faith groups to benefit the common good in a
varlety of ways such a8 food banks, credit unlons and other activitie8.
In additlon lo awarding grants. the Foundation occaslonally offers a loan tsn COn￿sSIOnary lems lo
beneficSary, where the beneficiary's use of the fund8 furthers the objectives of the Foundation.
The rnain activity of the Charity durlng the yeaiwas the provision of gr3TI15 predominantly lo organisallons and
occasionalty to individuals in the areas above mentioned. Grants lo org3ni8atlons are generally rnade to other
charitles whose aims and objectives cornplement the Charitls own,. Ih08e lo indlvSduals are largely made to
enable study lo be undertaken. normally in highpr education. Conlacl is malntalned with both organlsations
and individuals supported lo assess their performance a9ainsl the Found8tlon's criteria when 918nts were
made to them.
The FoundatSon will where necessary appoint profe8810n81 advlsors to Implement tho Charlly's strategic aims
and 05sess outcomes.
Publlc benefit
In planning the activities forth8 year the Trustees have referred to the Charity Gommisslon's general guidance
on publlc benefit. In particular the Trustees consider how planned activitie5 conlDbute to the airns and
objectives that they have sel.
Grantmaklng
The Trust8e5 conslder all applications from charitable org8nlsatlons and from IndSvlduals known or
recommended lo them and especially those falling within the areas of education, the Chri8tl8n faith and the
arts. The Trustees meet three or four limes a year lo consider short Ilsted applications and dedde which of
these to support.
ACHIEVEMENT AND PERFORMANCE
Charitable actSvltles
During the period July 2023 to June 2024 the Foundation 8warded 66 grants lo organlsallons and indwiduals
amounllng to £1.806,48912023.. £1,700,600). Further detai15 01 the range of organisalions to which grant8
were awarded are set out in note 7 of the financial slalernenl8. Of particular significance were..
£1,250.000 awarded lo The National Gallery for their bicentenary capital campaign.
£100,000 awarded lo The Klng's Trust Iforrnerly The Prince's Trust) to en8ble the organlsation to build an
endowment lo ensure ils long term finan¢ial re8ilienTr.
£80,000 aw8rded lo Depaul International and Depaul UK lo alleviate homelessness.
£65,000 awarded lo Walslngham College lo refurbish aecommodallon lor pilgrlms.
£50,000 lo Sl Hugh's Charterhouse lor capital works on the Monastery.
£45,000 to The Arts Foundation lo enable il to conllnue sponsorship of young artists, makers and musician5.
Page 1

THE JOHN BOOTH CHARITABLE FOUNDAfON (REGISTERED NUMBER.. 067829801
Report of the Tru8te85
for lh8 Year Ended 30 June 2024
ACHIEVEMENT AND PERFORMANCE
Fundraising actlvlties
As in previous years. the Foundation re¢eived a donation from 113 truslegs. The Foundallon does not carry out
any 8ctlvilies lo rai59 funds from mernbers of the public.
Inv8Stment performance
The Charity's investments were valued al £23,778.282 on 30th June 2024, an increase for the year of13.8Y4
compared with the ARC Sterling Steady Growth which Increased by 11.OQh in the same peritsd. Since incepllon,
inveslmgnl perfornance is 287.5¥0 compared with the benchmark of 187.9Qh.
FINANCIAL REVIEW
Finanelal posltion
The Charity received Income of £437,500 Irom donations and as50cialed Glft and £307,037 in investment
income,
Expenditure compri88d grants awarded of £1.806,469, Investment management fee8 of £81,079 and
administration and governance costs of £14,975 lolalling £1,882.523.
Reali8ed and unrealised gains on inveslrnents amounted to £2.865,421 reEulling In Nel Incomtr and Nel
Movernenl in Funds of £1,727,435, increasing lotsl funds lo £23,809,236.
Prfncipal lunding sources
The Charity's principal funding sources conlinutrd to be donations from the IruEl&gs and income gener8led by
its investment portfolio.
In¥￿tM+￿t pollcy and obltellves
The inve81ment strategy of the Trustees 13 lo grow the Charity's caprtal and iricomè to keep pace wllh inflation
over the longer term. 5ubj8¢t to a moder818 level of risk and consideration of the need for Investment
diver5ifieèlion. The portfollo is managed on a total return basis al the discretion of the Charilrfs inveslrnenl
m8nÈger. Cerno Capltal Partners LLP. Reporting is monthly and the overall Investment portfollo is reviowed
quarterly. The Charity does not currently employ a lomal ethical, 3ocial or environmental investment policy.
R•serveB poll¢y
The Charity seeks to maintain an invèstment portfolio capable of produclng a total return lo support Trustees,
objectives in grant making in line with the Charity's Dbjects.
The Cttarily had total funds of £23,809,23e al 30 June 2024. After deducting social inve¥trnenls of £150,000,
re$eNes arnounl to £23,659.238. The Trustees consider the level of reserves held to be conslstenl with the
resoNes policy.
Golng ¢on¢grrb
It is the Trustees, current inlenllon lo continue to lund the Charity and for the investmènt portfolio lo be
managed with a viewto capital growth. TheTruslee8 belleve this will enable the Charity lo contlnue lo dislribulg
al least 5.10 of ils capltal value annually for the foreseeable future.
FUTURE PLANS
There ar8 no current oulslandin9 pledges bul Ihg Foundation will cgntinue Its support foi many of the charftles
lo which giants have prevlously b¢en made.111s the Truslee3' yoal lo give away al lea$15% of the Chaiity's
Capital value in each year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The John Booth ChaAtable Foundation is a ￿gIStered tharlty and a cornpany Ilmlled by guarBnleo. governed
by 5ts Mernorandurn and Articles of Association.
Paga 2

THE JOHN BOOTH CHARITABLE FOUNDATION IREGISTERED NUMBER.. Q87B29801
Report of the Tru$te88
for thg Year Ended 30 June 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rècruitment and appointment of new trustee$
N8w Trustees ar¢ provided with a Iruslee file, which includes a CDPY of the 9oveming document. a wpy of the
lalg51 annual accounts and a copy of CC3, The Essential Trustee published by the Chority Commission.
Trustees are reeiuited for their knowledge ol al least one of the three area3 whlch the Charity supports and
advertising may be carried out to attract the right new trustees if necessary.
Organigatlonal structur¥
The Charbty employs no staff, whh all decisions being made by the Trustees.
Related parties
The Charity has engaged Cerno Capital Partners LLP lo rnanage ils investments., Mr Booth, a Iru51ee, is
partnei1n Cerno capital Partners.
Rlsk rnanagèment
The Trustee5 have considered the major risks to which the Charity 15 exposed and 5atlsfied themSe￿S Ih8t
systems 8nd procedures are established lo manage thos8 risk.
The malor risks lo which the Charity is exposed are main5y Ihtsse of fraud and of volat111ty of inve81menls. The
rsl is miligaled by the Charity's relallonship with and detailed knowledge ol almost all ils bEnefielaries, a
slmple reportln9 Structure and no employees.. the second by employing experienced investment advlsors, well
known to tho Trustees, who manage 8 diversili8d portfolio with a moderate risk profjle.
REFERENCE AND ADMINISTRATIVE DETAILS
Registerèd Company numb?r
06782980 IEng13nd and Wales)
Regi¥tgred Charlty number
1127397
Reglstered offlee
9 Cambridgè Gate
London
NW14JX
Trustee8
T M Ashley
JDSBoolh
The Rl Revd Dr M C Warner
Audltors
Knox Cropper LLP
Chartered Accounlarils and Slalutory Auditors
65 Leadenhall Street
London
EC3A 2AD
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directois of The John Booth Charitable Foundation for the purposes of company
lawl are responsib18 for p￿parIng the Report of the Trustees and the financlal statements In accordan￿ with
appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practlcel.
Pag8 3

THE JOHN BOOTH CHARITABLE FOUNDATION IREGSSTERED NUM8ER: 067829BOI
Report of the Trustee$
for the Yoar Ended 30 June 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - ¢ontlnued
Company law r6quiie5 the trustees to prepare financial Statements for each financial year which give a true
ond fair view of the stale ol affairs of Ihtr charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the ch8rilable company for that perfod. In preparing those
financial stalemgrils, the trustee8 are required lo
select suitable ac¢ounling policie5 and then apply Ihetn eonsistently.,
observe the methods and principle8 in the Charity SORP.,
make judgements and esllmales that are ieasonab1e and prudent.,
prepare the financial slalemenls on the going concotn basis unles5 1115 Inappropriate lo presume that the
charitable company will continue in business.
The Iwslees are responsibltr for keeping proper accounting recoids which disclose wlh re8$0nable accuracy
al any timè the financial p0511ion of the charitablè ¢ompany and lo enable them lo ensure IhAt the financial
slalemen18 compty wlth the Companles Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps lor the prevenllon and detection of fraud and
other irregularities.
In so far as the trustee5 are aware..
there is no relevant audit inlorm8lion of whkh the charitable companys auditors 8re unaware., and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to eslabli$h that the auditor8 gre aware of that inforrnatlon.
AUDITORS
The aLJdilors. Knox Cropper LLP. will be proposed for re-appoinlrn8nl at the forthcoming Annual General
Meeting.
Thls report has been prepared in accordance With the special provlslons of Part 15 of tho Companies Act 2006
relating to sma15 ¢ompanles.
Approved by tsrder of the board of Iruslees on
121112025
and 51gned on ils behalf by..
7 rIV￿L..r0.
J D S Booth - Trustee
Paye 4

Report of the Independgnt Audltors to the Members 01
Th8 John Booth Charltable Foundatlon
Opinic*n
We h8V8 audited the financial slalemenls of The John Booth Charitable Foundation lthe'¢harStable company'l
lor the year ended 30 June 2024 which comprise the Statement of Finaricial Activities. the Balanc¢ Sheet, the
Cash Flow Statèment and not88 lo the financl81 statements, including a summary of significant a¢¢ounling
policies. The financial rgporting framewprk that has been applied in their preparation Is opplicable law and
United Klngdom Accounting Standards (United Kingdom Generally A¢cepted Accountlng Practice).
In our oplnion the financl81 staternents..
give 8 true and falr view of the slate of the charitable comparils affairs as al 30 June 2024 and of its
incorlling resources and application tsf resource¥, Induding its inwme and expenditure, for the year then
ended,,
have been properly prep8red in accordance with United Kingdom Generalty Accepted Accounting Pra¢tice.'
8nd
have been prepared in accordan￿ wlh the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance wlth Inlematlonal Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responslblllties underlhose standards are further de8¢ribed In the Auditors, respon3ib111ties
for the audit ol the financial slgtements section of our report. We are indep8ndent of the charitable company
in accordance wblh the ethical requirements th81 are relevant lo our 8udit of the financial stalem¢nts in Ihe UK,
induding the FRC'S Ethical Standard, and we have fulfilled our other ethical respon5ibilitles in accordance with
these requirements. We believe th81 the audit evidence we have Dbtained 15 suificlent and 8ppropriale lo
provlde a basi. for our opinion.
Conclusion5 relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the golng con￿rn basis of
accounting in the preparation of the flnanual slalpments Is approprfate.
Based on the work we have perfomed, we have not identified any material uncertainties relating lo events or
¢ondilions that, indNldually or collectively, tnay cast signific8nt doubl on the charitable company's ability lo
contlnue as a golng concern IDr a period of at least twelve month5 from when the finanGlal stalernents are
authorised for Issue.
Our responsibilities and the ￿SpOnsibl5111e3 of the Iruslees with respect to going concern are described in the
r&levanl sections ol this report.
Other inforniatlon
The trustees are responsible foi the other information. Tho Other information comprSse8 the inforrnalion
induded in the Annual Report, oth¢r than the financial slalements and our Report of the Indepèndent Auditors
Ihereon.
Qur opinion on the financial statements does not cover th¢ other informallon and, except to the oxlent
othetwise expllciuy slated in our report. we do not expres8 any form of assurance condusion Ihereon.
In oonnects'on wth our audit of the flnancial slatemenls, our responsibility 18 19 read the other inforrnalion and,
in doing so, conslder whether the other information 18 mal6rially inconsistent with the financial statements or
our knowledge obtained in the audit or othetwise appe8rs to be rnalerially mis81aled. 11 we identify such
rnaterial Ineonsislencies or apparent rnalerlal misstalernenls, we are reqLJlred to determine whether this glves
rise lo a material miss18lement in the financial slalemenls themselves. If, based on the work we have
performed, we conclude that there is a rn8terial rnisstslement ol thi3 othèr information, we are required to
report that fact. We have nothing lo report in this regord.
Oplnlons on other mattors prescribed by the Companles Act 2006
In our opinion. based oll the work undertaken in the course of the audit..
the inforrnallon given in the Report ol the Trustee5 for Ibe financial year for which the finpnclal slalements
are prep8red is consislenl with the financial stalemenls., and
the Report of Ihe Trustee8 has been prepared in accordance with applicable legal requirements.
Poge S

R8POrt of tho Independent Audltor8 to the Mernbers of
The John Booth Charltsbl8 Foundatlon
Matters on which wo are requlred to rsport by ex¢optlon
In the light of the knowledgè and underslgndln9 of the charitable ¢ornpany and it8 envlronmenl obtained in the
course of the audit, we have not identified materlal misslalemenls In the Report of the Trustees.
We have nothing lo report in re3pect of the following matters where the Companies Act 2006 require5 u810
report lo you rf, in our opinion..
adequate awounling records have not been kept OT returns adequate lor our audit have not been receNed
from branches not vlsited by us., OT
the financial slalemgnts are not in 89reement with the 8ocounling records and relums., or
certaln disclosures of Iwstees, rernunerallon specified by law are not made.. or
we have not received all the information and explanation8 we rgquire for our audit., ¢r
the Iruslees wore not entitled lo take advantage of the small comp8ni6s exemption from the requirement la
prepare a Strategic Report or in preparfng the Report of the Trustees.
Re¥ponslblli￿es of tru$t?0S
As gxplalned more lully in the Slalemenl of Trustees, Re8ponslbilitles, the trustees (who are also the dlrectors
of the ¢harflable company for the purposes of wmpany lawl arg responsible for the preparation of the financial
slalemen15 and for being sali5fled that they give a true and fair vlew. and for such Intemal conlrtsS gs the
trustees delerrlllne is necessary to enable the preparation of financial statements that 8re free from material
misstalemenl, whether due lo fraud or error.
In preparing the finan¢l81 stalemenls, Ihtr trustees are iesponsible for a85es51ng the charitable company's
Bbility to continue a5 a going concern, disclosing, as applicable. matt015 related to going eoncem and using
the going concerri basls of accounting unless the trustees either intend lo Ilquidate the charitable company or
to cease operations, or have no realistic allemalive but lo do so.
Page 6

Report of the Indepgndent Audltors to th8 M8mbers of
Thp John Booth ChaTltoble Foundatlon
Our re¥ponslbilitles for th¢ audlt of the financlal statements
Our objectiv85 are lo obtain ieasonable assurance about whether the financial slalements as a wholg are free
from material rlli55tstement. whether due lo fraud or error, and 10 155ue a Report of the Independent Auditors
that includes our opinion. Rea3onab18 assurance is a high level of assurance. but is not a guarantee that an
audit conduct8d in accordance with ISAS IUKI will athay5 detect a material mi551atemenl when It exists.
Misslaletnenls can arise from fraud or error and are considered material il, indivldually or in the aggregate,
they could r88sonably be expected to influence the econornic decisions of users taken on the basis of these
financial stslemenls.
The extent lo whlch our procedures are capable of deteding irregularities, indudiny fraud is detailed below..
We obtained an understanding of th9 lttgal and regulatory frameworks that are applicable to the charitable
company and determined that the most 5ignifi¢anl are the Slalernerit of RecoTvrnBnded Praclice'Accounling
and Reporting by Charitie5' ISORPI, in accordance wlth the Financial Reporting standard applicablo in the UK
IFRS 1021 and the Companies Act 2006.
- We gained an understanding ol how the charitable company cornplied with ils legal and regulatory framework,
induding the requliemenl lo properly account for reslricled fvnds. through discussions with management and
8 revlew of the documented policies. procedures and controls.
The audit learn, which is experienced in thg audit of charities, considered the charitable company's
SU5CgPtibilily to rnaleri81 misstalemenl and how fraud may occur. Our consideration$ include the risk of
management override.
Our approach was lo check that the income from donations and inweslmen15 We￿ properly Identified and
accur8lely disclosed, that expenditure complied with the control procedures and was appropriately charged.
We also reviewed journ81 adjustments and unusual trans8Ctions for management overrlde, and considered
the identification and disdosure of related party Iran5action$.
There are inherent Ilmilations in the audit procedures described above and, the further removed non-
compliance wilh18ws and regulations is from the events and Iransactlons refleded in the financial statements,
the less Ilkely we would become aware of it. The iisk of not detecting a material misstatement dup lo fraud is
higher than the iisk of not detecting one resuSting from error, as fr8ud may involve d8liberate concealment by.
for example, loigery or intentional misrepresenlatlOll5, or through collusion.
A further descripllon of Dur responsibilitie3 for the audit of the financlal slalements Is located on the Financial
Reporting Council's website al www.frc.org.ukJaudilorsresponsibililies. Thls description forms part of our
Rèport of the Indep8nd¢nt Auditors.
Usg of our report
This report Is made solely lo the charitable Company's mernbers, as a body. in ac¢ordance with Ghapler 3 01
Part 16 Of the Companies Act 2006. Our audlt work has b8en undertaken so that we might stale to the
charitable company's members those matters we are required to state lo Ihern in an auditors. report and lor
no other purpose. To the fullest extent permitted by law, we do not accept OT a8sum¢ responsibility lo anyone
other than the charitable cotnpany and the charitable cornpany's members as a body, for our audit work, for
this r8P
or lor the opinions we have forTll8d.
G N Stevenson (Senior Slalulory Auditor)
for and on behalf of Knox Cropper LLP
Chartered Accountants and Slalulory Auditors
65 Leadenhall Street
London
EC3A 2AD
Dale..
IL4 .1..5...1.2oL5
Pagg 7

THE JOHN BOOTH CHARITABLÉ FOUNDATION
statement of Flnan¢lal Actlvltles
Ilneorporatlng an Income and Éxpendlture Accounti
fL)r th& Year ended 30 June 2024
2024
UnT88trlcted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and logacies
437,500
687,500
Investment income
307 037
327.470
Total
1014970
EXPENOITURE ON
Raislng funds
61,089
55,440
Charitable activities
Granlmaking
1821434
1714 586
Total
1882 523
1770 026
Net gains on investments
2 865 421
861023
NET INCOME
1,727,435
105,967
RECONCILIATION OF FUNDS
Total funds brought forward
22,061,801 21,975,834
TOTAL FUNDS CARRIED FORWARD
23 809,236 22.081801
The nol88 form part of the8e finaD¢lal slalem&nl$
Page 8

THE JOHN BOOTH CHARITABLE FOUNDATION (REGISTERED WUMBER.. 067829601
Balance Sheet
30 JU￿ 2024
2024
Total
funds
2023
Total
lund$
Notes
FIXED ASSETS
Investrnents
Investmonls
Social inve8lm$nls
12
13
23,628,282 21,814,160
150 000
150 000
23,778,282 21,964.160
CURRENT ASSETS
Debtors
Cash at bank
14
23,792
38,059
92,139
38,774
130.198
CREDITORS
Amount$ falling due within one year
15
17,8201
112,55n
NET CURRENT ASSETS
117.641
TOTAL ASSETS LESS CURRENT
LIABILITIES
23,809,236 22,081.801
NET ASSETS
23 809 236 22.081801
FUNDS
Unrestrlcted funds
16
23 809 236 22 061801
TOTAL FUNDS
23,809 236 22,061801
Th&s8 financSal slalernenls have been prepared in accordance with the provision8 appllcable lo charilablg
companles subject lo the srnall ¢ompanles regimè.
The financlal statements weie approved by the Board of Trustees and aulhorised lor Sssue On
.l%lli.¥.o.a¥...........
and were signed on ils behalf by..
J D S Booth- Trustee
The note$ form part of these fin3nGlal Btalements
Page 9

THE JOHN BOOTH CHARITABLÉ FOUNDATION
Cash Flow Statsmenl
for the Year Ended 30 June 2024
2024
2023
Notes
Cash flows from operatin9 aetlvitig$
Cash generated Iiom operaliDns
For8lgn exchange movement
11,381,545)
1944,2031
10.783
Nel Cash used in operating activities
1 381,5451
933 420
Ca$h flows from Investing aetlvities
Purchase ol fixed asset investments
Sale ol fixed asset investments
Interest received
Dividends reeelved
Cash held by inve51menl managers
Investment rnanagemenl fees
1671,5991
1,675,824
115,788
147,170
94,671
1255,0831
925,756
152,573
144,990
22,207
Net cash provided by investing activities
1300 775
935,173
Change In cash ?nd Cash egulvalents
in the roportlng period
Cash and cash equlvalents at the
beginning of the reportlll9 perlod
Cash in cash and cash equivalents
du¢ to exchange rate movements
180,7701
1,753
92,139
101,169
10,783
Cash and cash 8qulvalents at the end
of the reporting perlod
14,982
92,139
The nots8 fomi part Df 11888 finanGlal slatsmenls
Pag¢ 10

THE JOHN BOOTH CHARITABLE FOUNDATION
Notes to the Cash Flow Statement
for the Yedr Ended 30 June 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVlllES
2024
2023
Net Incom* for the reportlng period las per the Stsfrment of
Financlal ActivStlesl
Adjustments for:
Galn on inv951ments
Interest received
Dividends received
Non-cash Inveslrnenl income
Non-ca5h grants paid
Investment m8nagernent fees
Deoreasellincr8a5el in debtors
IDecreaselfincrease In creditors
1,727,435
105,967
12,865,421)
1115,7881
1147,1701
144,0791
1861,0231
1152,5731
1144,990}
140,6901
100,000
55,270
17,5001
61,079
7,136
Net cash used in operatlons
1381,5451
944,203
ANALYSIS OF CHANGES IN NET FUNDS
Exchange
rats
movemgnls
At 1.7.23
Cash flow
At 39.8.24
Net ca¥h
Cash al bank
92.139
60 7701
14,982
Totsl
The notes form part of Ihe$B flnanclal stalemenl$
Page11

THÉ JOHN BOOTH CHARITABLÈ FOUNDATION
Notes to the Fln#n¢lal Statemonts
for the Y8ar Ended 30 June 2024
STATUS
The John Booth Charitable Foundallon Is a private company limited by guarantee, incorporated in
England and Wales, with company regislratlon number 06782980. The Foundallon Is also registered
as a charity with the Charity Commis51on, registered number 1127397. The registered officg of the
Foundation Is g Cambridge Gale, London. NW14JX.
ACCOUNTING POLICIES
Basis of preparing the flnancial statements
The Ilnancial s18lemenls of the charrtable company, whlch is a public benefrt enlily under FRS 102,
hav¢ been prepared In accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by
Ghaii11es.' StaleTll8nl of Recommended Practlee applicable to charities preparing their accounts In
accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 {effectSve 1 January 20191.. Finanual Reporting Standard 102'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companie3 Act 2006. The financial statements
have been prepared under the hislorlcal cost conv8nlion, with the exception of investments which arg
induded al market value, as modified by the revaluatlon of certaln assets.
The Trustees conslder there ore no malerfal uncert•lnlSes about the charitablo wmpanys ability lo
contlnue as 3 golng concern.
Critical a¢counting judgements and key sourcts of estimation uncertainty
Unllsted Investment
The FDundatlon's unlisted investments compiise shares in companies and interests in limilad
partnerships. The limi18d partnershlps the Foundation has invested in inve51 In early Slago busine58es
for which there is no active market. VaSuations of Ih8se bu5ine83es are typicalW derived from the prictr
achieved at the lalesl fundraise carrled out and as such remain sensitive lo market conditions.
Income
AIS incom8 is recogni88d In the Slalem$nt of Fin8ncial Activities gnca the charity has enli118ment lo the
funds, il is probable that the income will be received and the arnount can be mtrasured reliably.
Donations, legaeies and other forms of voluniary incoTHg are recogllised as income when the charity is
trntit￿d lo receipt. All other income is accounted lor on an accruals basls.
Foreign exohange gains and losse8 arise on non-81gdlng cash balan¢es held wllhln the investment
portfolio and ale accounted for as a cornponent of investment income.
Expgndlture
Liabililles are recognlsed as expenditure as 800n as there is a legal or constructive obligation
committing the charity to that exp8ndilure, rft is probable that a Iransler of economlc benefi15 will be
required in Settlement 8nd the amounl of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis 8nd has been cla55ified under heading5 that a9gregale all eosl
related lo tho category. VVh8re Costs cannot be directly attrlbuted lo particular headings they have been
allocated lo activities on 8 basis consl$tent with the uso of resourc88.
Grants offered subject lo conditlons which have nDI been met al tha year end date are noted as a
commilmonl but not accrued as expenditure.
Inve¥tments
Llsted Investments
Listed Investments are a form ol basic flnanclal investment and are inlllalty recognlsed al their
transaction value and Subsequent￿ measured at fair value a8 at the balance sheet dale uslng the
dosing quoted market price. The statement of financial activilles includes the net gains and losses
arising on revaluation8 and disposals throughout the year.
Page 12
contlnued...

THE JOHN BOOTH CHARITABLE FOUNDATION
Notes to the Flnanclal Statements. ¢ontlnued
for th8 Year Ended 30 June 2024
ACCOUNTING POLICIES- continued
Investments
Realised salns and Ioss85 on listed investments are calculated as the difference between Sales
proceeds and thelr opening carrying value or their purchase value il 8cquired subsequent lo the first
day of the financial year. Unrealised gains and105ses are calculated 8$ the difference between the fair
value al the year end and their Carrying value.
Unlisted Irhvèstments
Unlisted Inve8lTllenls are Initially recognlsod 81 their Iran58ction value and Subsequently measured al
cost less impairment or, if il can be measured reliably, the fair value.
Social Invgslments
Concessionary108ns made to beneflciaries in furtherance ol the Foundation's charitable purposes are
accounted lor as a so￿31 investment. These are initially recognlsed al their Iransact5ons value and
subsequently measured 1¢ rèflect repayrnent8 ond any accrued interest and adjusted il necessary for
ny Itnpalrment.
Taxation
The chaiity is exempl from corporation lax on 118 charitable aclivilie5.
Fund accounting
Un￿striCted funds can be used in accordance with the charKable objectives 8t the discretion of the
trustees.
Restricted funds Can only be used for particular reslricled purposes within the objects of the charty.
Reslriclions arise when specified by the donor or when fund$ are raised for p8rtl¢ular restricted
purposes.
Further explanation OY the nature and purposè of each fund 18 included in the note5 to the finandal
sl8lement5.
DebtOTS
Trade and other debtors are recogni5ed 81 the setllemeril arnount due after any trade discount offered.
Prepaymenls are valued al the amount prepald net of any trade dis¢ounls due.
Cash at bank and in hand
Cash bank and cash and 3hort term highly liquid Investments with a short malurily of Ihr&e months or
le33 from the date of acquisillon or opening of the dèposit or slrnilar account.
Credltors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probab￿ result in the transfer ol funds lo a third party and the amount due to settled the
obligallon can be measured or estimated reliab5y. Creditors and provisions aro normally recognised at
Ihelr selU6menl amount after allowirig for any trade discounts due.
Financrol instruments
The Charity only has financial assets and financial Ilabllrties of a kind that qualify as basic finaneial
In81tuments. Basic financial instruments are initially recognised al Iransa¢lion value and sub8equenlly
measured at their settlement value with the ex¢ept1on of bank loans which are subsequently me8sured
al amortised cost using the effective interest mothod.
Page 13
¢onllnu8d...

THE JOHN 800TH CHARITABLÉ FOUNDATION
Notes to the Flnancial Statement$. continued
for the Year Ended 30 June 2024
DONATIONS AND LEGACI&8
2024
2023
Donations
Gift aid
350,000
550,000
437,500
687 500
INVESTMENT INCOME
2024
2023
Dlvidends reTrlvable
Interest receiv8ble
Interest on social inveslments
Currency gainslllossesl
194,767
102,641
6,016
3,613
181.562
142,726
13,965
10,783
307 037
327,470
RAISING FUNDS
Invgstment management eosts
2024
2023
Portfolio management
Support costs
61.079
10
55,270
170
55,440
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Support
¢ost81see
nots 81
(see note
71
Totals
Granlmaking
1806 489
1,821434
GRANTS PAYABLE
2024
2023
Granlmaking
1.806 469
1700,600
Page 14
contlnued...

THE JOHN BOOTH CHARITABLE FOUNDATION
Notes to the Flnan¢lal Staternents- contlnu•d
for the Year Ended 30 Jun8 2024
GRANTS PAYABLE- continued
2024
2023
The National Gallery
The Prince's Trust
Walsingham College
Depaul International
St Hugh's Charterhouse
Th? Arts Foundatlon
Grange Festlval
University of Derby
Tale Foundation
Royal Drawing S¢hool
Sl Matthew's PCC
Royal Academy ol Music
St Paul's Brighton PCC
The Charleston Tru51
Chefs In Schools
Art Fund
Scrum Theatre
The Blg G￿e (Arts For Impacti
Merton College, Oxford
National Portrait Gallery
Royal Academy ol Arts
Blackburn Cathedral
The Royal Opera House
Pallant Hous8 Gallery
Depaul UK
The Arnber Foundation
PCC of Sl James's Church. Piccadilly
Other ins1ilulions1<£5,0001
1,268,200
12.100
100,000 1,250,200
65,000
50,000
80,000
42,000
50,000
45,000
25,000
25,000
21,360
15,000
15,000
10.000
10,000
10,000
7,500
7,113
6.000
s,000
5,000
1,500
275
10,680
5.000
2,113
9,500
8,150
100.000
100.000
54,800
12,000
5,000
5,000
31.807
33,821
1,805,769 1,698,350
700
Giants lo individuals
1,80e.469 1.700,800
Pag8 15
continued...

THE JOHN BQQTH CHARITA8LE FOUNDATION
Notes to the Flnancl81 Statements- contlnu8d
for the Year Ended 30 June 2024
SUPPORTCOSTS
GovemanGe
¢o$ls
Managamenl
Tota15
Investment rnanagemenl costs
Gralltmaking
10
10
14,975
Support costs, induded in the above, are as follow5..
Investment
management
costs
2024
2023
Total
Totsl
Granlmaklng
Bank charges
AdminislralSon
Auditors, remuneration
Auditors, remuneration for non-audll
work
10
733
9,462
2,640
743
9,462
2,640
665
8,991
2,490
2,130
10
14,965
975
14,156
NET INCOMEIIEXPENDITUREI
Nel Incomel{expendlturel is stated after ehargingll¢reditingl'.
2024
2023
Auditors. iemuneralion
Auditors. remuneration for non-audlt work
2,640
2.130
2,490
2,010
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trus1t0$' remunerallon or other benefilg for the year ended 30 June 2024 nor for the
year ended 30 June 2023.
Trustees. gxpense
There were no Iruslèes, expenses paid for the year ended 30 June 2024 nor for the year ended
30 June 2023.
P#ge 18
GDnlinuad...

THEJOHN BOOTH CHARITABLE FOUNDATION
Notes to th6 Flnanclal Statements. ¢ontlnu8d
lor the Year Ended 30 June 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
un￿￿triCted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacie5
887,500
Inve8lm8nl Income
327.470
Total
1014,970
EXPENDITURE ON
Raising fund5
55,440
Charltabl? a¢tivitlés
Granlmaking
1714586
Total
1770,026
Net gains on inveslrnenl8
861023
NET INCOME
105.967
RECONCILIATION OF FUNDS
Total funds brought forward
21.975.834
TOTAL FUNDS CARRIED FORWARD
22 081801
12, FIXED ASSET INVESTMENTS
2024
2023
Shares
Loans
22,628,282 20,814,160
1,000 000
1,(X)O,000
23 628 282 21814,160
P8g8 17
contlnued...

THE JOHN BOOTH CHARITABLE FOUNDATION
Not85 to the Flnanclal Stat8rnentS- ¢C+nllnued
for the Year Ended 30 June 2024
12.
FIXED ASSET INVESTMENTS- contlnued
Additional information a5 follows..
Ca3h and
5ettlem8nts
pending
Liste
Investments
Unllsled
Inv¢stments
Totals
MARKET VALUE
At 1 July 2023
Addition5
Disp05als
Unrealised gain$lllossesl
Movement in cash
Exchange differences
20.065,077
817,826
11,488,285)
2,600,210
567,564
101,370
15,9791
83,651
181,519 20,814,160
719,198
11,494,264)
2,683,861
198,284}
3.613
198,2841
At 30 June 2024
21794 828
746,606
86 848 22 628 2B2
NET BOOK VALUE
At 30 June 2024
21794,828
86 848 22 628 282
AI 30 June 2023
20,085 077
567,564
181,519 20814,160
other
Al 1 July 2023 and 30 June 2024
1000.000
There were no investment asset8 Outslde the UK.
Included In listed investments Is £21.794.828 12023.. £20,065,077) and in unllsled investmen15 Is
£746,60612023.' £Nill rneasured at fair value through profil or loss. These are the only financial assets
measured al fairv¥lue through profil or loss. Fair value rnovemenls on these financial as581E amounted
lo galns of £2,683,86112023'. gains of £569,395).
Analysis of inveslrnent gains and1058es report¢d in Slalemenl of FinsnelAI Activitie5.
Proceeds of investments 501d
Carrying value
1,675,825
1494 265
Reallsed gains on disposal of Invaslmenls
Unr8alised gains on inve5tmeTrts
181,560
2.883 861
Gain8 on Investments
2.865,421
Page 18
COn￿￿ued...

THE JOHN BOOTH CHARITABLE FQUNDAnON
Notes to th8 Flnanclal Statements- continued
for the Year Ended 30 Jun* 2024
13. SOCIAL INVESTMENTS
Loan5
MARKETVALUE
Al 1 July 2023 and 30 June 2024
150,000
NET BOOK VALUE
At 30 June 2024
150.000
AI 30 June 2023
The conce55lonary108n 1$ un$e¢ured and bears interest al 4Vo. The concesslonary loan is wholly
repayable in more than one year.
14, DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
38,059
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
Aecrued expenses
5,059
16. MOVEMENT IN FUNDS
Net
rnovement
In fund5
At
30.6.24
Al 1.7.23
Unre¥trictsd funds
Genero1 fulld
22,081,801
1,727.435 23,809.236
TOTAL FUNDS
22,081,801
1,727.435 23 809 236
Nel rnovemenl In funds, Included In the above are as follows..
InttomSng
re50urce5
Resourc88
expendèd
Gains and
lo$ses
Movement
in funds
Unrestricted funds
General fund
744,537
11,882,523) 2,865,421
1,727,435
TOTAL FUNDS
1882,5231 2 885 421
1,727 435
Page 19
conlnued...

THE JOHN BOOTH CHARITABLE FOUNDATION
Not¢$ to thè Flnanclal Statements. contlnued
for the Year Ended JO Jun¢ 2024
16.
MOVEMENT IN FUNDS - ¢ontlnued
Comparatlves for movement in funds
Net
mov8ment
n lund$
At
30.6.23
Al 1.7.22
Unrestrlcted funds
General fund
21.975.834
105,967 22.081,801
TOTAL FUNDS
21.975,834
105 967 22 081801
Comparalwe nel movernent in funds, Includ8d in the abov8 are 8$ follows..
In¢omlng
resources
Resourc8S
expended
Galns and
losses
Movement
Unrestricted funds
General fund
1,014,970
11,770,026>
861.023
105,967
TOTAL FUNDS
861023
105,967
17. OTHER FINANCIAL COMMITMENTS
The Foundation h85 eommilled lo invest a total of £750,000 in Eplsode 1 Investments 3 LP of which
£300,000 has been called up as at the balance sheel date resulting in a remaining cornmilmenllo invest
£450,000.
18. RELATED PARTY DISCLOSURES
Durin9 the period the Ch8rily rec8lved donations of cash from Mr Booth. a Iruslee. totalling £350,000
12023.. donats'ons lotalling £550,000).
Mr Booth Is a partner In Cemo Capital Partners LLP, the Charity's inveslrnenl manager, lo whom fees
01 £50,812 inc]usive of VAT12023', £45,475> were payable in the period. The Charlty has an investrnenl
in Mainlel Holdings Plc, a company of which Mr Boolhls h dirèctor and shareholder. There were no
transactions with Mainlel Holdings PIC in the current or precedlng ye8r.
The Charity made gran15 to the following oryanisalions of which Mr Booth is also 8 Irusle&. or was al
the lime of making the grant..
. The Prince's Trust £100,000
The National Gallery £1,268,200
Vvalsingham College Tru51 Association £S5,000
- Art8 Foundation £45,000
Page 20