Charlty regl8tralion number 212495 (England and Wales)
JOHNSTON FAMILYTRUST- J ACCOUNT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

JOHNSTON FAMILY TRUST-J ACCOUNT
LEGAL AND ADMINISTRATIVE INFORMATION
TNstees
William Johnston Famity Company
Limited
Charlty numb8r
212495
Prlnclpal addrnss
clo Port of Liv8rporA Building
Pier Head
Liverpool
L31NW
Independent examlner
John Duffy BA IHonsl ATTTEP FCCA
Ralhbone Trust Company ￿rnIted
Port of Llverpool Building
Pler Head
Llverpool
L3 1NW
L198HG
Soli¢itOTS
Brabners LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
Investment advlsors
Ralhbones Investment Management Lld- RIM
30 Gresham Streel
London
EC2V 7QN

JOHNSTON FAMILY TRUST- J ACCOUNT
CONTENTS
Page
Trustees, report
Independent exarnin8tts report
ststem8nt of finalleial activittes
B￿ance sheet
Notes to the flnanclal statements
6-12
Investment schedule
Appendix

JOHNSTON FAMILY TRUST- J ACCOUNT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trust88s present thelr annual report and financial st8t8mgnts forthe year ended 31 Decembef 2025.
The financial statemènts have been prepared In accordance with th8 accounting pollcie5 Set out in note 2 to the
financial slaternent5 and comply with the charitys Settlement Deed. the Charities Act 2011 and 'Aceounting and
Reporting by Charities.. Slatem8nt of Recommended PmCt1￿ applicable to charibes preparing their accounts In
accordance with the Financial Reporbng Standard applicable in the UK Republic ol Ireland IFRS 1021 las
arnended for 8ccounling periLxJs commencing from 1 January 20161
Objedl¥es and activities
The Charivs objects are to grant pensions to reliove po￿ty In such a manner as the trustees 8hall think fft.
All applications for grants should b8 rnade to the board of directors at the wlstered address tor th8ir
consideration.
The tFUStee5 have pald due regard lo guidance i&qwl by thg Charity Commission in deciding what actiwties thg
charity should und8rtak8.
Achlovèm•nts and pgrformanca
FinancÉal re¥lew
Ravlow of the actlvl¢lÈs of the Charfty:
Tolal In￿)ming resources were £32.4461£44.951 In 20241. re81i58d gains £4,045 (gains £28.504 in 20241. with
unrealised gains of £95.842 (gains of £487 in 20241. The costs o19eneraling funds was £20.8341£19,644 in
20241. Commitments to charitable donations lotalled £32,600 1£30,150 in 20241. This resulted in an overall
positive movemenl in funds of £78,899 Ipositsve of £24,148 in 20241.
Risk Managem•nt
Trustees have adopted an Inveslment mandate which places a graater amphasts towards global equltSes wilh
perf0mian￿ measured on a total retum basis.
Grants
Payments were made io fifleen 9rantee5 during the year tolalling £32.600.
Investm¢nl$
Most of the Trustees, Capitsl is invested on the Stock m8rket. Tho valuo of tme Trusts portfolio as at 310ecemb8r
2025 lotalled £1,295,465, an increase from £1.181,973 as al 31 D￿rnber 2024. The Trustees review the
portfolio on a regular basis to dis¢us5 it5 perforrnance.
Taxatlon Status
The JohtTrston Family Trust, J Account is a registered charty and Its Incomè and actlvltSes allow 5t exemption from
Corporation Tax, Income Tax, Capital Gains Tax or Inheritance Tax.
The trustees have assessed the major fisks to which the charity 15 exposed. and are satisfied thal systems are in
place to mitigate exposure to the major risks.
structurn. gov•rnance and management
Th8 trustees who seryed during Ihe year and up to the dale of Signatu￿ of the flnanclal statement5 were-
William Johnston Family Company Limited

JOHNSTON FAMILY TRUST- J ACCOUNT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The indNidu81s who were ￿1￿ClOTS ofTh8 William Johnston Famity Company Limited wwe.-
Mr William Stewart Johnston
Mr Basil James Stewart P8r50ns-Smlth
Mr John Kendall Putt
MrAlexander RichmorKI
Mr Neil Andrew Mullins
The Johnstr)n Family Trust limit8d J Account . the Wlllam Johnston Trust Fund is a registered charity of a
Settlement Deed dated 14 October 1952. Its 9oveming body is The Williarn Johnston Family C￿npanY Limited.
New Trustees are elected by a rnajority of exoling Trustees.
The Trustees ensure that they are operating within currenl guideliftes by discussing all Issues adslng as advised
by the Charity Cornmlssion and Rathbones Trust Company Limit￿ during Iheir meebThg¥.
The Trustees meet annually to review pÈrforrnancÈ the general Ilst of charitable organisalions and any other
matters arislng. Ml trust885 attend the meetings and play an actwe role In the administration of thè Trust.
including r8se8rehing possible donges and wsiting charitles and events where applicable.
The trustees, report was aF¥>roved by the Board of Trustees.
W S Johnston
Trustee
Dated.. 19 March 2026

JOHNSTON FAMILY TRUST- J ACCOUNT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF JOHNSTON FAMILY TRUST- J ACCOUNT
I report to the trustees on my examination ol the frnanth81 staternents of Johftston Family Trust- J A￿Unt (the
charilyl for the year 8nded 31 Dec8rnb8r 2025.
Responslbllltl¢s and basls of report
AS the Irusl8es of tha charity you ar8 rèsponsibl& for tha prepar8tKJn of the ffinandal statements in accordance
witr the requirements of the Charities Act 2011.
I report in respect of my examination of Ihe charity's finandal statements carried out under section 145 of the
2011 Act. In carying out my examination I have foll¢)wed all Ihe appliGable Dlrections given by the Charity
Commission under secllon 14515llbl of the 2011 Act.
Independent txamlnerfs statement
Ytsur attention Is drawn to the facl that the Charity has prepared the financial staternenls in accordance with th8
relevant version of the Statement ol Recommended Pracbce applicable to charities preparing their financlal
stalemenls In accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland
IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement ol Recommended Practice
Issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understand
Ihal this has been done in order for the financial statements to provide a tnje and fair view in 3r£ordance with
UK GeneraltyAcctpted Aeeounling Pract￿.
I hav8 cornpleted rny examination. l eonfimi that no matters have come to my attention in connectson with the
8xamitTation givlng mè cause to believe that in any rnalerial respect..
accounting records were not kept in respecl of the charily as ￿qUIred by section 130 of the Charities Act
2011.
the financial staternenls do not accord with Ih05e records.. or
the finanoal staternents dts not comply wth the applicable requ1￿Ments conceming the form and content
of financial staternenls Sel out in the Charities (Accounls and Reports) Regulations 2008 other than any
uirement that the financial 5ts1emenls gNe a true and fair view, whith 15 not a rnatter considered as
part of an independent examination.
I have no coneems and have come across no ofher matters in connection with the ex8rninats.on to %thich
attenlit)n should be dr
in this ￿POrt in order to enable a proper underslanding ol the financial statements io
be reached.
John Duffy BAIHonslATh TEP FCCA
Rathbones Trust Cornpany Limited
Port of Liverpool Building
Pier Head
Liv8rpool
L3 1NW
Dated.. 19 March 2026

JOHNSTON FAMILY TRUST- J ACCOUNT
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
unrestr1￿8￿
funds
2025
Tgtsl
2024
Nots$
Income from:
Inve$bMents
32,446
44,951
endlture on:
Raising fund5
9,647
8,776
Charitablo 3Ctwilies
43,787
41,018
Total resourcos oxpended
53,434
49,794
Net gainslllosse31 on inv8stmeftts
99.887
28,991
N•t movement In lunds
78,899
24,148
Fund balances at 1 January 2025
1,243,186
1.219,038
Fund balances at 31 Decembtr 2025
1,322,085 1.243.186
The statemtrnt of fina￿lalactiVitl93 indud85 all gains and losses re￿gnised in the year.
The statement of financial activities indudes all gains and losses re￿gniSed in the year. All income and expendilu
derive from continuing activities.

JOHNSTON FAMILY TRUST- J ACCOUNT
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Notes
Flxed assets
Investments
Current assets
Debtors
Cash at bank and in hand
13
1,295,465
1,181,973
12
723
35,477
68,113
36,200
68,113
Cr8ditor5- amounts falllng due wlthln
one year
15
19,5801
16.9001
Net ujrrent assets
26.620
61,213
Total as58ts lèss current Ilabllltles
1,322,085
1.243,186
Income fund$
Unrestricted funds
1.322.085
1,243,186
1,322,085
1.243,186
The financi￿ stat8m8nt5 wère approved by the Trustees on 19 Marth 2026
W S Johnslon
Tru$tee

JOHNSTON FAMILY TRUST- J ACCOUNT
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
Crltical 8ccounting •stlmate$ andJudgements
In the applicalton of Ihe eharty's accounting polides, the trustse5 are requlred to make judgements, estirnales
and assumptions about the carryng amount of assets and liabilities (hat a￿ not readily apparent from othèr
Sour￿$. The estSmates and associatèd 3ssumptiofts are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underfying assumplions are reviewed on an ongoing basis. Re￿slOn$ to a￿Unting
estimates are ￿COgnised in the period in which the estimate is ￿ViSed wher8 Ihe revision affects only thal
perfod, or in th8 P8riod of the revislon and future periods where the revlsion affecls both current and fLrture
periods.
Accounting policles
Charlty Infornia¢lon
Johnston Family Trust- J Account is a registered charity registered ￿th the Charity Commission in En9land
and Wale5.
2.1 Accountlng Convention
The financial slatemenls have been prePa￿d in a￿OrdanC￿ with the charrws govemlng document. thg
Charities Act 2011, FRS 102'Th8 Financial Rewrting Standard applicable in the UK and RepubliG of Ireland.
I"FRS 102.1 and the Charitie3 SORP "Accounting and Reporbng by Charities.. Statem&rFt ol Recommended
Practice applicable to charities preparing their accounts in accordan￿ with Ihe Financial R8POrting Standard
applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Publi
Benefil Entity as defined by FRS 102.
The charfty has tsken advantago of the provislons In the SORP Igr ch￿ltieS not to prepare a Statement of
Cash Flows.
The financial stslements havè dèparted from the Charitses IArLounts and Reports) Regulations 2008 only lo
the extent required to provide a true and fair view. This departure has involved follovJiTrg tre Staiement of
Recommended Practice for chartlies applying FRS 102 rather than the version of the Statement of
Recommended Pracli¢e whith 15 referred to in the Regulations but which has sinee been wlhdrawn.
The financial stalernents are wepared in 5terfing, whith is the fvnCti0n￿ currency ol the charity. Monetary
amounts in these financial statern8nts 8r8 rounded to the nearest £.
Th• finanual statements have been prepared under the historical cost convention. The princlpal acc£Juntsn9
policies adoptad are set out below.
2.2 Going coneèm
Al the lime of approving the financlal statements, the trustees have a reasonable expectation that the charity
has adequate ￿$oU￿e$ to continu8 in operational existen¢e for the foreseeable future. Thus the trustees
conb'nue lo adopt Ihe going concem bas¢s ol accounting in preparing the finan¢Aal statements.
2.3 Charltable fvnd$
Unrestricted fvnd5 are available lor ¢Jse at the disLTrtion of the trustees in furtherance of theiT ¢haritabl
objectives.
Restricted lunds are subject to 5pecÉfic ¢xJnditions by donors or grantors 8¥ to how they may be used. The
purkx)$gs And usès of the reslricled funds 3r& 58t out in Iha not&s to the financial staiemgnts.
Endgwmant funds are subject to Spgcrfic conditions by donors that the capital must be maintained by IF
charily.

JOHNSTON FAMILY TRUST- J ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng poll¢l•s
IContrnu•dl
2.4 Income
Income Is recognlsed when the charity Is legally entttled to It after any p8rforrnan￿ ￿ndItk)nS have been rneL
the amounts can be measured reliably, and it 15 probable that income will be rer£ived.
C85h donafjons are recognised on receipt. other donations a￿ fe¢ognised once the chanty has Eeen notified
of the donation, unless performance condition5 require deferral ol Ihe amount. Income tax recoverable In
relation io donations recei¥ed under GIft￿d or deeds ol (xJv8nant is re(x)gnised at the ts.me ol the donation.
Legacies are recognised on recelpt or othefwise rf Ihg charity has been nolifled of an impending distribution.
the amount 1$ known, and le￿Ipt is expected. If the arnount is not known. the legacy is treated as a
contingent asset.
Exp8nd+ture is recognised once there is a legal or constructive obllgatlon to Iransler economic b8n8fit tu a
third party, il is prob8ble that a transfer of economic benefits will b8 requirèd in settlement, and the amounl ol
the obligation can be mgasured reliably.
Expenditure is da8sifigd by activity. The costs of each activity 8re rnade up ol the total of direct costs and
shared costs, including support costs involved in undertaking each actNity. Oirect Costs 8ttributabl8 to A singla
adivity are alloc81ed direGlly to that a¢livity. Shared costs which conlribule lo more than one activity and
support costs which are nol attributable lo a single a¢livity are apportioned belween those activi￿e5 on a b3$is
consistent with Ibe use of rgsources. Central staff costs are allocated on the basi5 01 lime spenl, an
depreciation charges a￿ allocated on the porbon or the as58t'S Use.
2.5 Flx¢d a$set investments
Fixed asset investments are inittally measured at transaction price excluding transaclK)n costs. and are
subsequenuy tneasured at fair value at each reFK)rting date. Changes in fair value are recognised in nel
incomellexpenditurel for the y8ar. Transaction costs are expensed as incurred.
2.6 Cash and Cash equlvalents
Cash and cash equivalent5 include cash In hand. deposits held at call w7th banks, tsther short-temi liquld
investrnents Wlth original maturities of three rnonth5 or less. and bank overdraft5. Bank overdrats are shown
wlthln borrowng3 in vjrrent Ikqbilltigs.
2.7 Flnanclal Instruments
The charity has 81ected to apply the prowsions of Section 11 'B85ic Financk41 Instruments. and Section 12
'other Flnancial In5twments1$5U85' ol FRS 102 to all ol Its financial Instnjments.
Financial instruments ara rocognlsed In the charitys balance 8heg1 wh8n tha chartty becomes party to the
contr8Ctual provislons of th8 instrurnent.
Finandal a$58ts and liabil￿1&S are offset. with the net arnounts presented in the financial statements, when
there is a legally enforceable right to Sèt off the recognised amounts and there 18 an intention to settle on a net
basi5 or to realise the asset and seiU8 the liability simultan•ously.
8aslc financial assets
Basic fitlancial asset5, which indud& debtots and cash and bank balanc85, ar& initially measured at
Iransactitsn prfce Includlng transaction costs and are subsequently carried at amortised cost using tre effeclfve
interest method unless the arrangement constitutes a financing Iransaclion, where Ihe Iran58Ction 15
rneasured at the present value Of thè fuluro recelpts discounted at a mark8t rdta ol intarasl. Flnan¢ial assets
classified as recelvable within one year are not amortrsed.

JOHNSTON FAMILYTRUST- J ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accovnting policie8
(Continued)
88slc financlalliabllities
Baslc ffnandal liabilities, Includlng credltors and bank loans are Inlually recognlsed at transactlon Pr1￿ sjnless
the arrangement conslitules a financing transact￿n, where the debt instrument is measured at the present
value of the luiure payrnents discounted at a matkel rate of inlere8L FinanrAal liabilities dassified as payable
within one year afe not amoitsed.
D8bt in5tNmènts are 5ubsequ8nUy carrfèd at amortisèd cost. usÈrvJ th8 8ff8ctiv8 intgr85t r3te rnelhDg.
Trade credltors are obligatlons lo pay for goods or sorvlces that have been a¢quI￿d In the ordlnary course of
operalions from suppliers. Amounts payable are classified as Cu￿nt liabilities il payment is due within one
year or 18S5. If nol. Ihey are pres8ntEd as non-current liabilitie5. Trade cr8ditors ar8 r￿OgniSed initially at
transaction price 8nd subsequenuy measured at amortised cost using the effective Inte￿$t method.
rewnttion of fJnanci8lliabAllties
Financial li8bilitses are d8recognl58é when th& ch8rity'$ contractual obligations expire or are discharged or
cancelled.
Income trom investments
Unrestrfcted Unrestrlcted
fvnds
fundg
2025
2024
Income from lisied investments
Other income
32.087
359
44.035
916
32.446
44,951
Exp8nditur• on ch*rltabl• aetmtlès
Unrnstricted Um￿Stricted
funds
funds
2025
2024
Direct costs
Grant funding of actiwties (see note 71
32,600
30.150
Share of support and governance costs15ee note 111
Governance
11,187
10.B68
43.787
41,018
Analysls by fund
Unrestricted funds
43,787
41.018

JOHNSTON FAMILY TRUST- J ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Raising funds
Unrestricted Unrestrictsd
lund#
funds
2025
2024
Rathtx)nes investrnent management fees
9.647
8,399
9,647
8.399
Trustees
B J S Patsons-srnith and J K Putt have been engaged by the trustees under the terms of a Personal serv1r￿s
Contracl to provide administrative 5UPPOrt in connection with th8 grant rnaking pror*5s for the charily.
The William Johnston Family Company ￿mit*d is a Trusteg gf the Charity. No payrnenls for professional
services were received by the company during the year.
Donallons made durlng the year
2025
2024
Mrs j￿Iey
Ms J Ander50n
Ms C M Blyih6
Mrs H 8ollon
Mrs P Brodie
Mrs E Clarke
Mr5 M E Hulm8-Dyrnond
Miss J King
Mrs B Lewis
Mrs G M Oliv8r
Ms P Paton
Miss C Rlchold
Mrg V Saundefs
Mrs C Taylor
Mrs K Thwailes
Mrs R Thoma5
2.200
1.500
1.500
3,000
1.000
2.500
3,600
2,000
1.700
2,700
3,600
1,700
2.000
1,500
2,6DO
1,800
2,500
3.400
1.700
1,500
3.SSO
3,400
1.600
800
1.500
1.700
1.500
2,400
2,300
32.600
30.150

JOHNSTON FAMILY TRUST- J ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Employ￿8
The average monthly nurnber of ernployees during th8 year was..
2025
Number
2024
Number
Total
There were no employees whose annual remuft8Talion was more Ihan £60.000.
Gains and lossès on Inve$tm¢nts
Unr8strfet#d Unrostrlct•d
funds
funds
2025
2024
Gainslllosses) arising on..
Revaluation of investrnents
Sale of investments
95,842
4.045
487
28,504
99,887
28.991
10 Taxallon
Th8 charity is exernpt from taxation on its activities because its income Is appl*gd for c*aritable purp059¥.
11 Support ¢osts
Support Governance
costs
Costs
2025
2024
SeNce Ctsnlracls
SeC￿taria1 andAccountancy fees
Trustee expenses
Independent Examination teo
Bank charges
2.900
7,590
128
450
72
2,goo
7.590
128
450
72
2.800
7,350
129
450
70
Legal and prolesslonal
47
47
69
11,187
11.187
10,868
Analysed be￿een
Chafitable activities
11,187
11,187
10.868
10-

JOHNSTON FAMILY TRUST- J ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12 Debtors
2025
2024
Amounts falling due within one yèar.
Other debtors
723
13 Ftxed asset investments
Listod
Invèstments
Cost orvaluatlon
At 1 January 2025
Additions
Valuation chang88
Dlsposals
1,181,973
262.184
95.770
1244,4621
At 31 December 2025
1,295.465
Carylng amount
Al 31 Decembèr2025
1,295,465
At 31 December 2024
1.181.973
14 Unrestricted funds
The unrestricted funds of the charfty comprige lh8 unoxpended balances ol donations and grants which a
not subject to 5peEific conditions by donors and grantors as lo how they may be used. These include
designated fund5 which have been set aside out ol unr&stricted funds by the trustee5 for SPe￿rIC purposes.
At1 January
202S
Incoming
resL)urces
R•$ources
txpended
Gain5 and
losses
At31
December
2025
General funds
1,243,186
32,446
153,4341
99.887
1.322,085
Pr•vlous y•ar.
At 1 January
2024
Ineomlng
resources
Resour¢g9
¢xpendod
Galns and
Ios58S
At31
D•comber
2024
Gènèral funds
1.219,038
44,951
149.7941
2B,991
1.243,186

JOHNSTON FAMILY TRUST-J ACCOUNT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
IS Credltors.. amounts falllng dut within one
2025
2024
Stockbroker managamant fee5
Secretarial and accounting f8
Unwe58n18d Grants
2.340
5,440
1,800
5,200
1.700
9.580
6,900
16 Related party ￿nsactIonS
The TTUStees have Conside￿d personal or other Interesls in whlch as a re5uIi of a declslon made wh8re an
individual may benefit financially or othe￿iSe, either diredly or indirectly. In order to comply with their duties.
the trustees confirm the person affected dces nol take part in any discussions relating to the issue concemed
oth&r than to darffy facts.
12-