THE JD FOUNDATION
TRUSTEES, REPORT AND AUDITED ACCOUNTS
Registered charity number 1167090
Company number 09808812
For the year ended 31 January 2024

THE JD FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Traci Corrle
Nell Greenhalgh (resigned 1 March 2023)
Nlgel Keen
NScola Kowalczuk
Mlchael ATmstrong (appolnted 16 March 2023)
Theresa Casey (appolnted 10 June 2023)
Chalrperson
Trac5 Corrle
company Number
09808812
Charlty Number
1167090
Audltors
Barlow Andrews LLP
Carlyle House
78 Chorley Now Road
Bolton
BL14BY
Bankers
Barclays
43 High Street
Sutlon
Surrey
SM11DR
Sollcltors
DLA Plper UK LLP
Prlnces Exchange
Princes Square
Leeds
LS14BY
Addleshaw Goddard LLP
On6 St Peter's Square
Manchester
M2 3DE
Reglstered Offlce
Edlnburgh House
Holllnsbrook Way
Pllsworth
Bu.ry
Lancashire
BL9 8RR

THE JD FOUNDATION
CONTENTS
Page
Trustees. report
Statement of trustees, responsibllltlès
Independant audltor's rèport
statement of finan¢lal actlvllies
Balance sheet
statement of cashflows
10
Notes to the accounts

THE JD FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
The Trustees present their annual report and financial statements for tha year ended 31 January 2024.
The financial statements have been prepared In accordance wilh Ihe accounllng pollcles set out In note 1 to the
financial statements and comply with the charity's Memorandum and Articles of Assoclatlon, the Gharities Act 2011
and "Accountlng and Reportlng by Charities: Statement of Recomm6nded Practice appllcable to Charitles preparing
tholr accounts In accordance wlth the Flnanclal Reportlng Standard applioable In the UK and Republlc of Ireland <FRS
102) leffectlV6 1 January 2019)"
Structure, governanca and management
Trustees
The trustees who served durlng the period were..
Tracl Corrig
Neil Greenhalgh (resigned 1 March 2023)
Nigel Keen
Nicola Kowalczuk
Mlchael Armstrong (appointed 16 March 2023)
Theresa Casey (oppolnted 10 June 20231
Governing Document
The JD Foundation ('JD Foundation,) was In¢orporated on 4 October 2015 as a company limited by guarantee and is
govemed by its memorandum and articles of associalion. The company was subsequ8ntly registered as a charlty with
Ihe Charlly Commlssion on 13 May 2016.
The directors are trustees for the purposes of charity law and in thls raport are collectlvely referred to as the trustees.
Responsibillty for JD Foundatlon's direction and affalrs lies with the trustee8.
Appointment of trustees, Induction, and tralnlng
The skill requirements for the trust body are reviewed and any vacancy arislng is filled by consensus amongst the
remaining trustees to meet the necessary criteria. When new Iruslees are appointed, they are glven an Introducllon
to the work of the trust and provlded with the informatlon needed to fulfil their roles, which Includes informalion about
the role of trustees and charity law, Meetlngs take place at leasl I￿lce a year to review the charity's financial matters
and g8neral op8rating management,
Objectlves and actlvltles
JD Foundatlon's vlslon was adapted and ratlfied on 14￿ September 2023 durlng a Trustee Meeting. The new vislon
of JD Foundation Is "young people achlevlng their unllmlted potentlal" wlth our mlsslon belng "buildlng stronger youth
communities and transformlng young people's lives through opportunllies, engagemenl and soclal change..
Principal fundlng sourG8S
Th8 trust has 2 principal sources of income:
100°/o of the income {net of VAT) arislng from the sale of slngle use carrler bags in JD Sports retail stores in
England, Scolland. Wales. Northern Ireland and Europe.
Micro-donations made by customers at the polnl of sale vla our charity partner Pennles. Thase donatlons are
received across all stores includlng JD. Slze, Go Outdoors, Blacks. Mlllets.
Charities Supported
This income is then distrlbuted as follows:
Mounlaln Rescue England & Wales- a specific donatlon reflecting 109/0 of tho amount ralsed In8t of VAT) from Ihe
sale ofcarrier bags in JD Sports retail stores in England & Wales.
Scottish Mountain Rescue- a speclficdonation reflecung 10 /0 oflhe amount ralsed {netofVAT}from Ihe sal8 of carrl8r
bags in JD Sports ratall stores in Scotland.
JD Foundation's nomlnated charltles and other support projacts- donallons ofvarylng amounts from th6 remainlng
900/9 of the amount ralsed (net of VAT) from the sale of ¢arrler bags In England, Wales and Scotland plus income
from other sources of fundralslng.

THE JD FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
JD Foundatlon's nominated charlties during the year to 31 January 2024 were,.
C,R.Y. {Cardlac Risk in the Young) Aaron James Dlxon Memorial Fund
Once Upon A Smile
Salford Foundation
Smiling Famllles
Kldscape
Manchester Youth Zone
Papyrus
Youngmlnds
Sport4 Llfe UK
Bolton Wanderers Community Trust
The Wellspring
Sacriston Youth & Community Prolect
Hldeout
Blueprint 4 All
Buddies Of The Blrches
Unseen
Harmony Youth Ptoject
SaSford Foundation Trust
Dlane Modahl Sports Foundation
The Wee Haven Project (WHY)
Tha Raheem Sterllng Foundation
Sign Along Wlh Us Foundatlon
Scottish Mountaln Rescue
Mountain Rescue England & Wales
Flnanclal revlew
The Stalemenl of Financlal Activitles forthe perlod Is sel oul on page 8. Flnanclal accounts are reviewed by all trustees
regularly and the annual flnanclal statements ara subjecl to audit by reglslered auditors.
Achlevemenls durlng the year
The perlod covered by thls report and attached financlal statemenig Is 1 February 2023 to 31 January 2024, Durlng
thls porlod the actlvity of JD Foundatlon comprised the receipt of income from JD Sports Fashlon PIC of £2,622,242
(2023: £1,713.397) and subsequent donatlons to the nominated youth and envlronmental charities of £1,071,394
(2023". £657.317).
During the year, we continued to support numerous organlsations Ihrough our charitable donatlons. as outlined above
and In note 5 to the accounts.
Princlple fundlng source
The Foundatlon Is dependent on all Income (net of VAT) arlslng from Ihe sale of slngle use carrler bag8 In JD stores
In England, Scolland, Wales, Northern Ireland and other European countrles, as w811 as mlcro-donalions from
customers at the Store polnt of sale and colleague donallons & fundraislng.
Plans for the future
The trustees and the senlor leadershlp leam have been working hard to ensure that JD Foundatlon Is havlng as much
impact as possibl8 for the chosen benefi¢larSes, and as a result of Ihls, JD Foundatlon has been through a fijll rebrand
of it8 vl8lon, mlsslon and values In re¢enl months. Thls rebrand leaves Ihe board feellng confldent that tho Foundatlon
Is future-proofed to ensure an unwaverlng commitment to the outcomes of young people for years to com8.
Slnce 2015, JD Foundallon has supported a wlde range of Charllies across UK who have been prlmarlly focused on
provlding opportunitles for young pèoplé, and we have now declded to double down on thls as our sole focus based
on feedback from our JD Group colleagues, our ¢harlty parlners and feedback from our consumers.
As dlscussed in last year's Trustee Report, we have redeveloped our slrategy whlch breathes fresh air into the focus
of JD Foundatlon, whilst embeddlng the charily arm of the group Into the corporate slrategy for JD Sports Fashlon
Plc.

THE JD FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
Plans for the future (continued)
Our new strategy is broken down into 2 key areas:
Community
This consists of the provislon of Grants and Partnershlps to charltable organisatlons who align with
our vision and that operate across communities wlthln the UK.
This strand is made up of a colleague-led Grant Glving programme, alongside our exlstlng Charlty
Partnership model.
Opportunlty
Thls conslsts prlmarlly of programmes and partnershlps that help us to achleve our vislon, on a more
strategic and national level.
Examples of this include our JDUP careers and opportunlly programme, as well as our partnership
with Prlnce's Trust.
We are looking foNard to this next iteratlon of JD Foundation In the knowledge that we can continue to improve
our working practices to allow us to better support our communities, colleagues, and consumers, buildlng on the
Ilfa-changlng work that our Trustees have led on since JD Foundation was first formed In 2015.
Reserves
The trustees have revlewed the reseNe5 of the trust. The policy Is lo meet its commllments glven to speclfic
nominated charities each year. Unrestricted general funds (free reserves) total £1,318,545 (2023: £768,869) and
deslgnated funds total £1,361,322 at 31 January 2024 {2023: £565,558}.
The trustees confirm that they are ultlmately accountabl& for settlng and monitorlng the level of reserves kept by
JD Foundatlon and will keep Ihe reserves pollcy under review to ensure It remalns appropriate.
Rlsk factors
The trustees have assessed Ihe malor rlsks to whlch JD Foundatlon Is exp08ed and have establlshed systems and
procedures to manage them. In partlcular fraud and flnanclal control are kept under revlew, The trustees believe that
all major risks are mitigated.
Related partles
JD Foundatlon receives its Income from, but is independent of, JD Sports Fashion Pl¢. The trustees take all decisions
in the best Interest8 of the furtherance of the charity and Its charitabl6 objectives.
Publlc benefit statement
The trusteès confirm that JD Foundalion complled wlth the Charities Act 2011 In the perlod.
Each year, the truslees review the objectives and aotlvities of the charity to ensure that th8y contlnue lo rellect their
aims and provide a publlc benefit. The trustees are satlsfied that they do.
The trustees have pald due regard to guidance Issued by the Charily Commlssion in r6lation to a¢livities for the public
benefit in decldlng what activities the charlty should undertake.
Dlsclosure of Inforrnation to thè audltors
So far as we are aware, th8re Is no relevant audit Informatlon of whl¢h JD Foundation's audltor Is unaware and wo
have taken all steps that we ought to have taken as trustees to make ourselves aware of any relevant audlt
Informatlon.
Audltors
A resolutlon for the reappolnlment of Barlow Andrews LLP as auditors Is to be proposed at the forthcomlng Annual
General Meeting. The trustees recommend Ihat Barlow Andrews LLP remaln In office unlil further nolico.
I declare in my capaclty of charity trustee that the trustees have approved the report above and have aulhorl8ed me
to sign it on th9lr behalf.
Signed by Nicola Kowalczuk, Trustee

THE JD FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUARY 2024
Unlted Kingdom law 8pplicable to charitles in England and Wales requlres Ihe Iru8tees to prepare accounts for each
financial year whlch give a true and falr vlew of the Incomlng resources and applicatlon of the resources of Ihe charlty
during the year and of Ils state of affalrs at the end of the year. In preparing the accounts the trustees should follow
besl practice and:
select suitable accountlng pollcles and then apply them conslstently.
make Judgem6nts and estimates Ihat are reasonable and prudent.
state whether applicable accountlng standards and statements of recommended practice have been
followed., and
prepare the accounts on Ihe golng concern basls unless it is inappropriate to assume that the charfty wlll be
able to continue to meet its oblecllves.
The trustees are responsible for keeplng proper accounting records whlch dlsclose with reasonable accuracy at any
tlme Ihe financial position of the charity and whlch enabl8 them to ascertain its financial position and to ensure that
the accounts comply with the Charitlas Act 2011, the Charitlès (Accounts and Reports) Regulatlons 2008 and Ihe
Trust Deed. Thoy are also responsible for safeguarding Ihe assots of th6 charily and henc8 for taklng reasonable
steps for the preventlon and detection of fraLtd or other Irregularltle8.

THE JD FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE JD FOUNDATION
Opinion
We have audited the financial statements of JD Foundation for the year ended 31 January 2024 whlch comprise Ihe
Statement of Financial Activities, the Balanc6 Sheet, Ihe Statement of Cash Flows and notas to the flnancial
statements, including a summary of slgnificant accountlng policies. The financlal reporting framework Ihat has been
applled in thelr preparation Is applicable law and United Klngdom Accounting Slandards, Includlng Flnancial Reportlng
Standard 102 the Financlal Reportlng Standard appllcable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accountlng Practlce).
In our oplnion the financial statements:
give a true and fair view of the state of the charitable company's affairs as al 31 January 2024 and of its
incoming resources and applicallon of resources for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practl¢6;
and
have been prepared In accordance wlth Ihe requlrements of th8 Companles Act 2006.
Basis for oplnlon
We conducted our audit In accordance with International Standards on Auditing (UK) (ISAS (UK)) and appllcable law.
Our responsibilities under those standards are further descrlbed in the Auditorfs responsibllltles for the audit of the
financial statements sectlon of our report. We are Independent of the charitable company in accordance with the
ethlcal requirements that are relevant to our audit of the financlal statements in the UK, includlng the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilltles in accordance with these requlrements. We believe
that the audlt evidence we have obtained is sufficlent and appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concern
In audltlng the financial statements, we have concluded that the IfUStees' use of the going concern basls of aocounting
in the preparation of Ihe financlal statements is approprlate.
Based on the work we have p8rformed. we have not identified any material uncertainties relating lo events or
condltions that, individually or collectively, may cast significant doubt on Ihe charity's ability to continue as a golng
concern for a perlod of at least ￿e1ve monlhs from when the financial statements are authorised for issue.
Our responsibilities and the rèsponsibilities of Ihe trustees with respeot to going concern are descrlbed In the relevant
sections of this report.
Other Information
The other Information comprises the information included in the annual report other than the ftnancial statements and
our auditorfs report thereon. The trustees are responsible for the other informatlon contained withln the annual report.
Our oplnion on the financial statements does not cover the other Information and we do not express any form of
assurance conclusion thereon. Our respons5blllty is to read the other information and, In doing $0, consider whether
the other information is materially Inconslstant with the financlal statements or our knowledge obtained in the Gourse
of Ihe audlt, or othe￿Ise appears lo be materially mlsstated. If we identify such material inconsistenclas or apparent
material misstatemenls, we are requlred to determine whether this gives rise to a material mlsstatement in the financial
statemenls themselves. If, based on the work we have performed, we conclude that there Is a material misstatament
of this other informallon. we are requlred to report that fact.
We havè nothing to report In this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our oplnlon based on the work undertaken in the course of our audSt
the information given In Ihe trustees, report, which Includes the directors, report prepared for tho purposes of
company law, for the financlal year for which tho financial statements are prepar8d is Gonslstent wilh the
flnancial statements: and
the dlrectors, report Included wlthln the trust8e8' report have been prepared In accordance with appllcable
leg81 requirements.

THE JD FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE JD FOUNDATION
Matters on which we are requlrèd to report by exceptlon
In Ilght of the knowledge and understandlng of the charitable company and Ils envlronment oblalned In the course of
the audlt, we have not idantlfied material missiatemenls in the directors, report Included w5thln the trustees, report.
We have nothlng to report In resp8Ct of the followlng matters In relatlon to whlch the Companles Act 2006 requlres us
to report to you If, In our oplnion:
the information given In tha flnancial statemènts is inconslstent In any material respect wlth the trustees,
report. or
sufficlent a¢¢ountlng records have not been kepl., or
the financlal statements are not in agreement wllh the accounting records. or
we have not received all the Informatlon and explanalions we raqulr8 for our audit.
Responslblllties of trustee$
As explalned more fully in the statement of trusteés, responslbllltles, the trustees are responslble for the preparatlon
of Ihe financlal statements and for belng satisfied that they glve a true and fair vlew, and for such Intemal control as
the trustees determlne is necessary to enable the preparation of financlal statements that are free from material
mlsstatemenl, whether due to fr8ud or error. In preparing the financlal slatements, the trustees are responslble for
assessing th8 charity's abllity to Gontlnue as a golng concern. discloslng, as appllcable, matters related to golng
concein and uslng Ihe going concern basls of a¢countlng unless the trust8es ellher intend to cease operatlons, or
have no reallstlc altemalive but to do so.
Audltor's responslbllltles for the audlt of the flnanclal statements
We have been appolnted as audltor under section 144 of the Charltles Act 2011 and report In accordance with the Act
and relevant regulallons made or havlng effect thereunder.
Our oblectives are to obtaln reasonable assurance about whether Ihe financial slatemenls as a whole are free from
materlal mlsslatemenl, whelher due lo fraud or error, and to Issue an auditor's report that includes our opinion.
Reasonable assurance Is a hlgh level of assurance but is not a guarantee that an audll conducled in accordance with
ISAS (UK) will always detèct a materlal mlsstatement when It exlsts. Mlsstatements can arlse from fraud or error and
are considered material if, Indivldually or in the aggregate, they could reasonably be expected lo Influence the
economic declslons of users taken on th8 basls of these financlal statements.
Irregularitles, includlng fraud, are Instances of non-compllance with laws and regulations. We deslgn procedures In
Ilne with our responsibi1Sties, oulllned above, to detect material misstalements In respect of irregularltles, Includlng
fraud. The extent to whlch our procedures are capable of detecllng Irregularlties, Includlng fraud, Is detailed below:
the engagement partner ensured Ihat the engagement team collectively had Ihe approprlate competence,
capabllities and skills to Identify or recognlse non-compllance wlth appllcable laws and regulatlons.
we identified the laws and regulallons applicable to thé company through dSscusslons wlth directors and other
management, and from our commerclal knowledge and experience of the charity sector,.
we focused on speclflc laws and regulatlons whlch we consldered may have a dlrect materlal affect on Ihg
flnanoial statements or th8 oparalions of the company. Includlng thè Companles Act 2006, employment and
health and safety leglslatlon.
we assessed Ihe extent of compllance wilh the law,s and regulallons Idenlilled above Ihrough maklng enqulrles
of management and Inspe¢tlng legal correspondence: and
Idenllfled laws and regulations were communicated wllhln the audil team regularly and the team remained
alert lo Instances ol non-compliance throughout the audit.

THE JD FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE JD FOUNDATION
We assessed the susceptibllity of the company's financlal slatements to material misstatement, including obtainlng
an understanding of how fraud mlght occur. by..
making enquiries of management as to whare they consldered there was susceptlblllty to fraud, their
knowledge of actual. suspected and alleged fraud;
conslderlng the int6rnal controls In place to millgate risks of fraud and nonvcompllance with laws and
regulations. and
understanding the deslgn of the company's rémunerallon pollcles.
To address the rlsk of fraud Ihrough management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected relationshlps;
tested journal entries to idenlify unusual transactions.
In response to the rfsk of Irregularltles and non-compllance with laws and regL51atlons, we deslgned procedures which
Included, bul were not Ilmlted to,.
agreeing financlal statement disclosures to undérlying supporting documentation.,
reading the minutes of meetings of those charged with governance;
enquiring of management as to actual and potential litigaÉlon and claims.
There are Inherent limitations in our audit procedures described above. The more removed thal laws and regulatlons
are from financial transacllons, the less Ilkely it is that we would become aware of non-compllance. Auditing standards
also Ilmlt the audlt procedures reoulred to Identify non<ompliance wlth laws and regulations to enqulry of the dlrectors
and other manag6ment and the Inspectlon of regulatory and lagal correspondence, If any.
Material misstatements that arise due to fraud can be harder to detect than those Ihat arise from error as Ihey may
involve deliberate concealment or colluslon.
A furlher description of our responslbilities Is available on the Flnanclal Reportlng Council's website al:
https:Ilwww.frc.org.uklauditorsresponslbilities. This descrlption forms part of our auditorfs report.
Use of our report
Thi8 report Is made solely to the charitable company's members, as a body, In accordance wilh Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we mlght state to the charltable company's
members Ihose matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responslbllity to anyone other than the charitable company and
the charitable Company's members as a body, for our audit work. forthis report, or for the opinions we have formed.
Davld Kay FCA (Senior
Auditor)
For and on behalf of Barlow Andrews LLP
13 September 2024
Chartered AcGountants and Statutory audltors
Carlylè House, 78 Chorley Naw Road, Bolton BL14BY

THE JD FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024
Unrostrlcled
Fund5
Dèslgnated
Funds
Total
2024
Unrestrlcted
funds
Deslgnated
Funds
Total
2023
Not85
Incomgfrom:
Donatlons
1,584,434
1.037,808
2,622,242
953,829
759,568 1,713,397
Total Income
1,584,434
1,037,808
2,622,242
953,829
759,568 1,713,397
Expendlluie on:
Charltable acllvlties
(1.034,758)
1242,044) (1,276,802)
(574,9251
(194,010) 1768,935)
Total 8xpendlture
{1,034,758)
{242,044) {1,276.802)
{574,925}
1194,010) {768,935}
Net Income
549,676
795,764
1,345,440
378,904
565,558
944,462
Transfers between funds
Net rnovement In funds
549,676
795,764
1,345,440
378,904
565,558
944.462
Fund balances brought
foNard
565,558
1,334,427
389,965
389,965
768,869
Fund balan¢es carrled
forward
1,318,545
1,361,322
2,679,867
768,869
565,558 1,334,427
The statement of financlal actlvltles also complles wilh the requirements for an Income and expendlture account under
the Companles Act 2006. The charlty has no re¢ognl3ed gains or losses olher than the net movement in funds In Iha
P8rfod. All results derlve from Continulng aclivltSes.
The notes on pages 11 to 16 form part of these financlal Statements.

THE JD FOUNDATION
BALANCE SHEET
AS A T 31 JANUARY2024
2024
2023,
Notes
Current Assets
Debtors
800,623
1.965,533
2,766,156
518,308
842,156
1,360,464
C8sh al bank and In hand
Current Llabilities
Creditors
(86,289)
(26,0371
Total Net Assets
2,679,867
1,334,427
The Funds of the Charity
Designated Funds
Unrestricted Funds
1,361,322
9 1,318,545
2,679,867
565,558
768,869
1.334,427
Total Charlty Funds
The prior ye8r has been reclassffied. Thesè relate lo mlsclasslfled assets whlch havo been recl8ssmed lo the oorreGt flnancial Ilne Ilem.
The accounts were approved by Ihe Board of Trustses on 13 September 2024 and signed on ils behalf by:
Nicola Kowalczuk, Trustee

THE JD FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024
2024
2023
Notes
Cash flows from operatlng actlvitie5
Net cash Inflow from operatlng actlvllles
10
1,123,377
473,637
Nèt cash used In Invostlng acllvltles
Not ca$h usod in flnanclng actlvltles
Nel increase In cash and cash equlvalents
1,123,377
473,637
Cash and cash equlvalenls at beglnnlng of year
Cash and cash equlvalents at end of year
842,156
368,519
1,965,533
842,156
io

THE JD FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
1. Accounting policies
The following accountlng policles have been applied conslstently in dealing with Items whlch are consldered matgrlal
In rolation to the financial statements.
Company Informatlon
The JD Foundatlon Is a prlvate company Ilmited by guarantee Incorporated in England and Wales. The reglslered
offlce is Edinburgh House, Hollinsbrook Way, Bury, BL9 8RR.
Basls of preparatlon
The financlal statements have been prepared in accordance wlth the accounling policies set out in note 1 to the
financlal statements and comply with Ihe charity's Memorandum and Articles of Associatlon, the Charltles Acl 2011
and "Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing
their accounts in accordance wilh the Financial Reportlng Standard applltrable in the UK and RepubllG of Ireland (FRS
102) (effective 1 January 2019)".The charity Is a Public Benefit Entlty as defined by FRS 102.
The accounts have departed from the Charlties (Accounts and Reports) Regulatlons 2008 only to the extent requlred
to provide a true and fair view. Thls departure has involved following the Statement of Recommended Practice for
charities applying FRS 102 rather than the verslon of the Slatement of Recommended Practlce which is referred to
in the regulations but which has since been wilhdrawn.
The accounts are prepared in sterling, which Is the functlonal currency of the company. Monetary amounts in these
flnanclal statements are rounded to the nearest £.
The accounts havè been prepared on a golng concern basls and on a hlstoric81 cost basis undar Ihe accrual concept
othar than as stated below.
Golng conc6rn
At the time of approvlng the accounts, the trustees have a reasonable expectallon that the charity has adequate
resources to continue in operatlonal existence for the foreseeable fulure. Thus the trustees contlnue to adopt Ihe
going concern basis of accounting In preparlng the accounts. There are no materlal uncertalnlles about the charivs
ablllty to contlnue to OP8rate.
Funds
Unrestrlcted fund5 are funds whlch are expendable at the dlscretion of the trustee5 in furtherance of the objects of
the charlty.
Deslgnaled funds are those which have been set aslde for specific expendllure, al the discretion of the Charity.
Incomlng resources
These are included In the Statement of Financial Activities (SOFA) when:
1. the charlty becomes legally enlllled to the benefits of use of the resour¢es'
2. an Inflow of economic benefit Is probable., and
3. Ihe monetary value can be measured wilh sufflclent rellabillty.
Resources expended
Liabilities are recognised as soon as an oufflow of economic benefits is probable.
Charltable expenditure comprises those costs Incurred by the charlty In the delivery of its activllies and services for
its beneficiaries. It Includes bolh costs that can be allocated directly to such activitles and those costs of an Indirect
nature necessary to support them.
Grants payable are accounted for when the trustees have accepled a legal or moral obllgatlon and accounted for as
resoUr￿S expended In the Statement of Financial Activities. GovernanGe costs Include costs of the preparation and
examination of statutory accounts.
Cash and cash equivalents
Cash and cash equivalents include cash In hand and deposits held at call with banks.

THE JD FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
1. Accountlng pollcles {contlnued)
Flnanclal Instruments
The charity has elected to apply the provlslons of Secllon 11 'Baslc Flnancial Instrumenls, and Section 12 '01her
Flnanclal Instruments Issues, of FRS 102 to all of Ils financial Inslruments.
Flnancl81 Instruments are recognlsed In tha charlty's balance sheat when Ihe charily becomes pariy to the contractual
provlslons of the Instrumenl.
Financial assets and liabilltles are offset, wllh Ihe net amounts presented In Ihe financlal statements, when there is a
legally enforceable right to set off the recognlsed amounts and there is an inlentlon to settle on a not basls or to realise
the asset and settle the liability simultaneously.
Baslc flnanclal assets
Baslc Ifnanclal assets, whlch Includes cash and b8nk balances, are measured at transactlon prlc8.
Olher flnanclal assets
Flnancial assets classlfled as other flnanclal assets are slated at falr value with any galns or losses arlslng on
remeasurement recognlsed In the statement of financlal actlvltles.
Flnanclal assets are derecognlsed only when the contractual rights to the cash ftows from the asset explre or are
settled, or when th8 charlty transfers the financlal asset and substantlally all the risks and rewards of ownership to
another enllty, or if some slgnificant risks and rewards of ownershlp are retained but control of the asset has
transferred lo another party that is able to sell the asset In Ils entlrety to an unrelated thlrd party.
Baslc flnanclal Jlabllltles
Basic financlal Ilabllltles, which include other credllors, are recognlsed at transa¢tlon price.
2. Income from charttable actlvltles
Current year:
Unrestrlcted Designated
Funds
Funds
Total
2024
Donallons from JD Sports Fashlon PIC (UK Entities)
1,563,850
201,228
1,765,078
Donatlons from JD Sports Fashlon PIC (European Entities)
201,471
201,471
Donations from Pennles
557,059
557,059
Donations from Size Campaign
78,050
78,050
Donatlons from JD Sports Fashlon PIC staff fundralslng
20,584
20,584
1,584,434
1,037,808
2,622,242
The donatlons made by JD Sports Fashion PIC malnly ralate lo Ihe income generated from the sale of carrler bags
in JD Sports stores across England, Scotland, Wales, Northern Ireland and Europe.
12

THE JD FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
2. Income from charltablo actlvities {¢ontlnued>
Prlor year:
Unrestrlcted Designated
Fund5
Funds
Total
2023
Donatlons from JD Sporis Fashion PIC (UK Entitles)
Donations from JD Sports Fashion PIC (European Entities)
869,680
140,994
1,010,674
192,398
192,398
Donatlons from Pennles
241,601
241,601
Donatlons from Size Campaign
Donatlons from JD Sports Fashlon PIC staff fundralslng
184,575
184,575
84,149
84,149
953,829
759,568
1,713,397
3. Trustees and employees
None of the trustees (or any persons connected with them) recelved any remunerallon or beneflis from the charity
during the period. The foundatlon had four employees during the year (2023.. Iwo). The employee is employed by JD
Sports Fashlon PIC and wage costs are recharg8d to JD Foundatlon.
2024
2023
75.843
Wages and salarles
110,498
4. Related parties and relat¢d party transactlons
There were no related party transactions durfng the year ended 31 January 2024 (2023.. none).
5. Expendlture on charltable actlvities
Expenditure on charitable activities was primarily charitable donations. During Ihe year, the twst made 86 donatlons
(2023: 33) to the Foundation's nominated charilles, in additlon to the quarterly donations to the Mountain Rascue
England and Wales and Scottlsh Mountain Rescue. Further donatlons are analysed by sector.
2024
2023
Donatlons
96.631
Mountaln Rescue
173,761
453,013
306,750
Youth
172,025
101.587
Health
64,800
Soclal Servlces
13,251
Educatlon
30,000
43,000
229,344
44,549
Other
1,071,394
657,317
13

THE JD FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
5. Expenditure on ¢haritablo actlvitles (continued)
2024
2023
Support costs
Staff costs (note 3)
110.498
75,843
Other support Costs
89.910
32,775
200,408
108,618
Governance costs
Audlt fe88
5,000
3,000
Total charltablo expendlture
1,276,802
768,935
'Other' donatlons Include donatlons for memorlals and fundralslng events.
'Other support costs, Include costs for bank changes and other ml8¢ellaneous costs.
6. Debtors
2024
2023
Prepayments and accrued Income
800,623
518,308
Debtors Include Income due to th8 charity at the period end.
7. Credltors
2024
2023
Accruals and deferred Income
86,289
26,037
Credltors Include expandlture commltted by the charlty bul not paid at the perlod end.
8. Flnanclal instruments
2024
2023
Carrylng amount of flnanclal assets
Moasured at amortlsed c08t
2,766,156
1,360,464
Carrying amount of Ilnanclal Ilabllltles
Measured at amortised cost
86,289
26,037
14

THE JD FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
9. Movement in funds
Balance
brought
forward
01.02.23
Balance
carrled
forward
31.01.24
Current year:
Movement In funds
Income
Expendlture
Transfers
Deslgnated Funds
Mountsin Rescue Organisations {1)
Norihorn Ireland Carrier Bag
Donations (2)
European Carrier Bag Donatlons (3)
44,363
173,761
{173,761)
{44,363)
27,467
44,363
71,830
192,398
201,471
393,869
Pennles (41
241.601
557,059
798,660
Size Campaign (5)
87,196
78,050
{68,283}
96,963
Unrestricted Funds
768,869
1,584,434
{1,034,758}
1,318,545
Total Funds
1,334,427
2,622,242
(1,276,802)
2,679,867
Unrestricted funds are represented by total net asseis.
Deslgnated funds are funds which the Trustees earmark specifically for the following each year..
(1) Mountaln Rescue Organlsallons receive a spllt of the total carrier bag levy income to help save Ilves in the hills,
mountains and moorlands of England, Scotland, and Wales.
(2) Northern Ireland Carrler Bag - this money has been ringfenc6d until the end of 2024, wlth a view to provldlng a
number of initiatives wlthin these territories In 2025.
13) European Carrier Bag- thls money h8$ been ringfenced until the end of 2024. with a vlew to providing a
number of iniliatlves wlthin these territori8s In 2025. These wlll Include versions of JDUP, as well as localised
granls given to charitable organlsalions that help us to achieve our global mlsslon.
{4) Pennles- this money wi51 be dlstrlbuted to charltlas across the UK. Each charity wlll be nominated by a
colleague within JD Group. and distributed as part of our Grant Glvlng programme, in partnershlp wlth
Neighbourly, our corporate purpose plattorm.
{5) Slze Campaign - our Size? fascla has raised vital money to svpport several Charitles across the UK over the
past 12 months. a campaign that we wish to continue to develop.
Balance
brought
forward
01.02.22
Balance
carried
forward
31.01.23
Prlor year:
Movement In funds
Income
Expendlture
Transfers
Designated Funds
Mounlain Rescue Organisations {1)
140,994
(96,631)
44,363
European Carrier Bag Donations (2)
192,398
192.398
Pannles {3)
241.601
241.601
SIZÈ C2mpglgn14)
184,575
{97,379)
87,196
Unrestricted Funds
389,965
953,829
(574,925)
768,869
Total Funds
389,965
1,713,397
{768,935)
1.334,427
15

THE JD FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2024
9. Movement In funds {continued>
Unrestricled funds are represented by total net assets.
Designated funds are unrastricted funds which the Trustees aarmark speclflcally for certaln purposes or
organisatlons each year.
10. Cash generated from operatlons
2024
2023
Net Income for the year
1,345.440
944,462
Movement In worklng capital:
Decrease l {increase) In debtors
{De¢rease) I Increase In creditors
{282,315)
60,252
{488,641)
17,816
Cash generated from operations
1,123,377
473,637
11. Analysls of net assèts between funds
All funds are unrestrlcted in this year and in the previous year.
12. Analysis of changes In net funds
The charity had no debt during the year.
16