Johnson Charitable Trust
Accounts for the year ended 5 April 2021
Registered Chdrily Numbcr.. 216974

Johnson Charitable Trust
Contents
Page
Tru.4tees and advisors
Trustces, report
Sidtement of Irusiec%' re5ponsibililies
Indcpcndeni auditor's repon
6-10
Siaiemeni of findncial activities
Fknlance Sheet
12
Note% io the account

Johnson Charitable Trust
Trustees and advisors
Tru.51ees
Y M Monaghan
E Wade
M Green
T Morris
D Roberts
Principal address
Abbo1% Park
Monks Wdy
Preston Brook
Che%hire
W A7 .3GH
Auditors
BWM
Ch<irtered Accounlanls & Sidlulory Auditors
Castle Chanibers
41 C.asile Sireei
. verpool
L2 9SH
Investment managers
Schroder Investmeni Management Ltd
31 Gre%h<im Sireel
L()ndon
EC2V 7QA
Bankers
National Weslminsier Bank PLC
2-8 Church Sireel
Liverpool
LI 3BG
Sanlander PLC
998 Lkan%gaic
.ManLliesier
M.3 4HH

Johnson Charitable Trust
Tru5tees' report for the year ended 5 April 2021
The tru.%tcc% dre pleased to submit Ihe annual report and audited accounts for Ihc ye
ended 5th April 2021. The account.8 hdN'e been prepared in accordance with the
accounting policies sei out on pagt 13 and compl). with Il)e Lliarily'% Tiu%l Deed, the
Charities Aci 2011 and 'AcLounting and Reporting by ch￿l[le4.. Sialeinenl of
RecoInniended Prdclice dppliLdhle lo charitie% preparing Ihcii aLcoiint.4 in accordance
wilh the FinanLldl Rcporiing Standai'd appliLable in the UK and Republic of Ireland
(FRS 102) (as amcndcd for accounting periods comtncncinoT from l January 2016)"
Thc account% have departed from Ihe Chdiitie% (Accounts and Reports) Reguldtions
2(H)8 only lo the exleni required 10 providc a true and fair view,. This depdi1uFe hd%
Invol￿ed following the Siaieiiieni of RLQ()mmended Pr<iclice for chariiiLS applying FRS
102 rather than the version of Ihe Stalement of Reconiinended PrdLlice whiLh is referred
lo in the Regulaiions bui ￿'hICh ha.5 since been withdrawn.
Constitution of the Trust
The Trust is a registered charily dnd is governed by ils Trust Deed ddtcd 12 December
1927 and %ubscqucntly dmended by various scheme% approN'ed by the Charily
Comtni.4410ncr.%. It opci.ales under the naIYie Johnson Charitable Trust.
Objects of the Trust
A% detailed in the Trust Deed, Ihe Tru.%t'% objective is to assist employcc5, ex-
eniployees of Johnson Seri'ice Gioup PLC. I'the Company") and Iheir widows or
dependanls who dre in need.
The Trust, in pursuance of Ihi% objcclive, niakes grants lo or in ie%peLt of such person.s
and for charitable purposes conncctcd with the needs ol such person%.
The Iru.4tees have given due regard io thc guidance on public benefit and have acted
accordingly.
Achievements and Performance
Durftng ihe year donaiion8 havc been made lo provide Chrisimdl hampers lo retired
etnpl()yc¢%.
Review of the year
During the year ihe Trusi made Lharilable expenditure ot £38,545 12020.. £36,555). and
had net income of £250,677 (2020.. cxpcnditure of £3.52,-596) after Ihc inclusion of nei
unredlised gain4 from InNesimenis of £243,712 (2020.. Insses of £399.185). Thcre are
LLiiniulaled lund% ai the end of ihc J'LJr lif £2,008,381 (2020.. £1,757,706). The
Ti"u%tce% intend lo Iiiainlain adequaie Ics1)urLe% to continue 10 dwdid grani.4 dnd
donation.4 in linc with ihe ObJeLiS of Ihe Tru%1.

Johnson Charitable Trust
Trustees, report for the year ended 5 April 2021 {c'Ollliiiued}
Reserves
The Trustees haN'e eslabli4hed d policy whereby Ihe unrc%tricled funds w'hich Ihc Iru%t
hold% dnd which are not committed I'free reserv'es") should be between Iliiee dnd six
tn(Inths of the re.%ourLes expended, which equates 10 £11,735 10 £23,470. Ai (hi% level,
Ihe trustees I'eel Ihdl they would be able lo carry on the Iru%t'% <icl1￿.11ie$ in the ei'cnt of
d .%jLTnificanl drop in funding. At present Ilie Iree re%crves, which ainounl 10 £443,60.3
exLeed the largei lei'el. Thc inN'e%tmenls held are noi Lunsidered by the Tru4lce% lo be
diwailable for spendino and dre therefore Ireaied as dcsigndted funds.
Inveslments
The investmenis held by the Trust have been dcquired in accordance with the pO￿,erS
dvaildble io the Tru%tLC%. The Trustees do noi rcLTdrd the In￿eStmentS (excluding cash)
as available for spending bui rather Ihdl they are held tor Ihe purpose.% of earning
income, and therefore are not regarded d% parl ot free reserve%.
Registration of the Trust
The Trust is regisicred under the Charities Aci 1993 (nuinber 216974).
Tru51ees
All Trustees served ihioughout the year. Tru51ee% (ire appointed by Ihe Bo£ird of
Tru%lee% and Ihey meei %everJl limes a year.
In accordance wilh Ihe Ttwsl Deeds, the appoinimenl of Trustees 1% by (he Directors of
the CoInpany. All Trustees are employees cif Ihe C.OTnpany L2S di8clo4cd in note 12 or
Ihese accounts.
Tru4iccs arc appointed by recotnTnendation by other Iru%lee% based on appropridie %kill
dnd kni)wledge ot Finance or Humdn Resources. On dppoinlmenl. Trusiee% drc
provided with a brief hi%iory of the trust and given appFnpridle training where nccd% are
identified.
The Tru.st is exempi from incoine lax and capildl gains lax under S505 Income dnd
Corporation Taxes Act 1988.
Taxation
The trust benefils from various exeniplions frcim l(tX¢ilion aft'orded by Idx le(Tisl<ilion
and its noi lidblL [() Lorpor¢ilion rax on incomL Iir aains falling wiihin th()%c excmpiions.
The chaiily 1.4 n()l able lo recover Vdlut Added Tdx.

Johnson Charitable Trust
Trustees, report for the year ended 5 April 2021 (coiilinued)
Connected Charities
There are connected charities and del(tils can be tound in note 12 10 the aLcounls.
Risk Management
The Iruslee.s have examined the major risks which the charity (dLC5 and confirm ihai
sy.8letn% hdl'e been pul in pldLt lo miligale or elimindie Ihe5e risks.
Plan for the future
The Trustees are awate of the on-going pandeTnJL afiecling counirie% w()rldw ide and
have con%idered Ihe impact (hi% has and will hai'e on the N'alue of the inve%lmenl held
by Tru%t along ￿'Ith the poientidl requirenienls of Ihe beneficiaries ol Ihc TFu%l in the
coming month%. They will coniinuc to monitor ihe %iludtion and lake dLiion ￿'here
appropriaie 10 Tninimise the impaLI (O thc Tru51.
Disclosure of information lo auditor
ch of the trustees has confirmed that there is no information ot w'hiLh they are aware
which is relevant 10 Ihe audit. bul of which Ihc auditor i.s unawarc. They ha￿'e t'uriher
confirmed Ihat Ihey have taken appiopridlc steps lo identify .such relevant int'ormdli()n
and 10 e%ldblish Ih<il Ihe duditor 14 dw'are of such informaiion.
By the order of the Trustee
On behalf of Ihe Tru.%tce
15 October 2021

Johnson Charitable Trust
Statement of trustees, re5ponsibilitie5 for the year ended 5 April 2021
The Iruslees atc rcsponsible for preparing ihe Tru.slees' Report and the accounts in
dccordLlnce with £ipplicable Idll, and Llnitcd Kingdom Accounting Standards (Uniled
"ngdoIn Generally ALcepied Accouniing Pr<iclice).
The la￿, applicdble to Lhdriiies in Engldnd and Wales requires Ihe Iruslees to prepdre
accounis fnr each tinancial yC£ir which gI￿.C a true and fair view of Ihe slaie of affairs
ol. the Lhdllty and ol. the inLuming resoLifLes and applic(Ilion of re%uurces of Ihe chdrily
for Ihat year.
In preparing Ihes¢ (Iccounts, the trustees are required 10-.
seleci .8uitdble accounting pollcies dnd then apply Ihem con%i.%tently;
observe the meihods and principles in Ihe Charities SORP;
m£ike judgemcni% and esiimatc% that are re<150nable and prudent:
iatc whether dpplicable Sldnd(Irds hdl'e been followed, %ubjecl io dny maierial
dep<inures di.8clo%ed and explaincd in ihe findncial slalemcn15; and
preparc the accoun1.4 on the going concern bd%15 unless il is inappropriaic 10 presume
that the charity will conlinuc in operation.
Thc trustees are responsLble for keeping bufficienl accouniing records thdt disclose
wilh rea.4onable dccuracy ai any litne the findncial po%ilion ol- the chdiily ¢ind enablc
them lo en%ure thal the tinanLi(11 slalemcni.4 comply with the Charitic.% Act 2011, Ihe
Charity (Accounts and Reports) Reguldti(In5 2(J18 and the proi'ision4 of the Iru.4t deed.
They are L11%0 responsible for sat'egiiarding the a%.4e15 of the Ll)dfii J. and hence for
taking Icdsonable slep% r()r the prevenii()n and detcction ot Iraud dnd other
irregularities.

Johnson Charitable Trust
Independent auditor's report to the Trustees of Johnson Charitable Trust
Opinion
We have Judiled the financial stalenienis uf Johnson Chdiildble Trust (Ihe 'Lh<irily') for Ihc
yedr endLd .5 April 2021 .4LI i)ul on pages I I tn 20. The financidl I'eporting frdniework that
been dpplied in their piep(Iration 1% applicdble law and L'.niicd Kingdom Accoiintlng Standard%,
including Financial Reporting Standard 102 7lie F-inunL'ldl Reporiing Stcipid17rd ni)i)lic'cible in
rhe UK and Repiiblic. of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the findncial slalemenl%".
giN'e a true dnd fair view of Ihe slate of the Lhdiily's aftairs as dl 5 April 2021 and of its
incominLT resources and application of resnurces, for the ycdr then ended.,
hdl'e been properly preparcd in accordanLe with United Kingdoin Generally Accepted
Accounting PraciiLe', dnd
have been pr¢pared in accorddnce with the rcquiremenls of Ihe Charities ALI 2011.
Basis for opinion
We conduLled our audit in aLcordance wilh Intcrnalional Standards on Auditing (UK) IISA
(UK)) and applicdble Idw. Our re5r￿n41b1II(1e1 under those sidndards are further described in
the Audilor's responsibilitie% foi. the audil of the dccouni% .seLtion of our rcport. We are
independent of the chariiy in accordance with thc cihiLal requirenieiils ihai aic Iclevanl 10 our
audit of IhL dLLounl% in ihe UK, including Ihe FRC'S Ethical Standard, and we have fulfilled
our other eihiLdl respon%ibiliiiL% in accordancc w ith these requircnienls. We believe that the
audit evidenLe we have obidined 15 sufticieni dnd appropriaie io pr(Ivide a basls for our opinion.
Conclusions relating to going concern
In auditing the financial slaleInenis, we Iiave conLluded Ihdl the Iiuslee.4 u.se of Ihe going
Loncern basis r)f aLcouniing in Ihc prcparaiion of the financial slaleincni% 1.4 (Ippropriaie.
Based on the work we hdl'e pcrfornied, we have not ideniified any Inalerial uncertainties
relating lo events or condiiion% tlial, individudlly c)r colleLIiN'Lly, m(iy casi signifiLanl doubt on
the chdrily'% (Ibilily 10 coniinue <1% a going concern for a period ot al leasi twelve nionih% frc)tn
when Ihc financial siaiements <ire auihorisLd for i.qsue.
Our respon%ibililies and the re%ponsibililies of Ihc trustee4 with respect io goino Loncern are
dt%cribed in Ilie relei'ant sections ol. Ihis report.
Other Information
The other infornidtion comprise.4 the inl'ormdlion inLluded in Ihe dnnu<il repori, oihcr than rhe
financial Siciicmcnt% and Olif ciudit()r's reporr Ihereon. Tlie Irusiee4 dre re5pon.4iblL (i)r the oiher
inforiiiaiion Lontdined ￿'ithIn Ihe dnnual repoN. Our opinion on (he financial %la(einents does
not cover the uther IntorIiidli()n dnd, excepi 10 Ihe exlenl oiherwi%e expliciily stdled in our
report, ￿'e do not express any form ot assurance c()nLlusion Ihereon.

Johnson Charitable Trust
Independent auditor's report to the Trustee5 of John50n Charitable Trust (continued)
Other Information (continued)
In connection wirh our iiudii of ihc financial ￿t￿llementS, our responsibility is 10 rcad the other
intorniaiion and, in doing %0. L(Insider whether the other informaiion 1.8 maieri<ill}w inL(In%i.%tent
with the financial %laiement% ui our knowledge obiained in the dudil 01 uiherwi%e appears lo
be materially missialed. If wc identify Such Inaterial inconsisienLies 01 app￿ent material
mis%tdleinenls. we are required to delcrmine whether there is a material missiaiement in the
£"inanLldl sldlernentb or a mdleridl niisstatenienl ot the other inl'ormdlion. If, bd%cd on the work
we have performed. we conclude that there is a material inissiaiemeni of thi% other
information, wc are required lo report that fact.
We have nothing 10 report in Ihis regdtd.
Matters on which we are required to repori b). exception
We hai'e nothing to repoff in respeci of ihc fi?11()wing niatler% in relarion io which ihc Charitie%
(Accounts dnd Report%) Reoulalion¥ 2008 Icquire us lo report lo } ou it., in our opinion..
The information given in thc financial slaleinenls is inconsiblenl in dny material respeLt
wilh ihe Trusiee.g' Rcport; ()r
Sul'l'iLien( dLC()unlinLT reLord.4 h<li'e not been kepi. or
The findtiLidl %tdtciDenls are not in agreeinenl ￿'1[h (he dLLouniinLT records; or
We haN'e not rcceived all the intornialion and explandtion4 wc rcquire for our audit.
Responsibilities of trustees
As explained more fully in the Stateinent of Trustee's Re.4punsibilities, the Iruslees are
reswn.£iblc for ihc preparation of the financial Slll iernenis and for bcing %<itisfied that they give
d Irue dnd fair view, and for such Internal control as IhL dircLt()r% determine is neces.sary 10
endble thc prepdralion of tinancial slaieIiienis Ihdl dre free fii)m ni¥iterial niisslalenienl. wheiher
due to frdud or error.
In prcpdring the financial slalemenls. the Irustees are Ic4pon%ible for assessing Ihe Chdriiy'%
bi l ity t() Ll)nlinue a% <1 going concern, disclosing. as applicdhle, niatters related lo going concern
and using the going concern basi% ol. dLcounlin(T unle%% Ihe Iru%lee.% either iniend 10 ceasc
operations, or have no realistic alternaiive bul to do so.
Auditor'.5 respon5ibililies for the audit of the financial %tatements
We have been appointed as dudilor% undei .4CLti()n 144 of the Ch<irilies Act 201 I dnd iepcirl in
accordance with the Aci and relevani re¥ulation% tnddc or haN'ing el'kecl Ihereundei.
Our objectives dre to obtain reasonable d.4suranLL dboul wheiher the financial .giaiemenis as a
whole are free trom niaterial misslaiemeni, wheihei duc lo fraud oi. error. and lo i%%ue dn
udilnr's report ihal includes our opinion. Red.4onablc a%%urance 15 a high level ol assurdnLe
bul is not a guar<inlee Ihal dn audii conducted in aLcordJnce with ISAS (LIK) will alway4
delecl a material iiii5sia(eIneni when il cxi%t%. Mi%%tatemenls can dfise l-roIn frdud or Lrri)r and
are considered marerial if, individuall). 01 in the do
trgicoTaie. the). could reasondbl}' be expcctcd
to intluence the economic decisions of u8er% lakcn i)n the basis of ihese financial siaiemcnt%.

Johnson Charitable Trust
Independenl auditor's report to the Trustees of Johnson Charitable Trust (continued)
Auditor's responsibilities for the audit of the financial statemenLs Icontinued)
Irregulariiie%. including fraud. arL in.4iancc.q of non-L()nipliJnLc with laws <ind regulations. We
design procedure% in line wilh oui re%p()n%ihilities, outlined <ibove. to deieLI malcrial
missiaiemenis in respeci of irreguldritiel. including fraud. The exlenl lo which our procedures
are capable of dcleciing irtcgularilie%, including fraud is detailed below.
The extent to which the audit was considered capable of detecting irregularities including
Our approach to idcntifyinu and assessing the risks of material missidietnent in rcspcct of
irregularilie.4, Including fraud and non-compliance with laws and regulaiion.%, wa4 d% follows..
the engagemeni partner ensured Ihai the cngagcTncnt team collecti￿elY had the
dppfupiidte L(ImpelenLe, Ldpdbilities, (Ind skills io identify or recognise non-LomplidnLe
with Jpplicable laws and regiilalions.
c identified IhL law,4 rcgulJti()n% 4ipplicable lo the company through discussion.
with iruslees and other managetneni.
wc focuicd on specific laws and regulaiion.% which w'c con.qidered may have a direci
ni<ilerial effect on thc findncial statenienls or the operations of (he chdiil),, inLluding the
Chaiiliel Act 2011, data proieciion, anll-bribcry, employment and health and safely
legi.slation.
we a4se%%ed Ihc extent uf coinplidncc ￿'ith the laws and regulations ideniified above
through making enquiries of mdn<ig7emenl and in%peLlino legal Lorre.4pondLnLe; dnd
idenlil'ied law% and regulaiion% were coInInuniLaled wiihin Ihc dudil team regularly and
thc tedm renidined Jlert lo inslanLc.4 of non-Lomplidnc¢ Ihroughoui Ihe audii.
We d%%e%%ed ihe %U%Lepiibilily ul Ihe Ll)mpdn}w % findnLial staletnenls lo material miss(alemcnt,
including obiaining an underslandints of how fidud miLTht occur. by..
making enquiiies of mdnagLmcnt to w here they con.4idered there was su.scepiibiliiy
lo fraud, their knowledge of actual. suspecied, and alleged fraud,. dnd
considering the internal conirols in plaLe 10 miligaic risk% of fraud and non-compliance
wiih Idws dnd reguldlion%.
To addrcss ihe risk of fraud through managcmcnt bias and override of conirols. we".
performed dndlytlLdl pri)Ledures lo identify any unusual or unexpected reldlion.4hip%;
te%ted journal entries to identity unusual transactions.
as.4es4ed whciher jud(Tcmcnt.% and assumpiions made in deiermining (he dLcountin
estimates were Indicati￿.e ol" poienlidl bid%; dnd
invesligaied the Idti()nale behind %iunificanl or unusLial Iransaciions.

Johnson Charitable Trust
Independent auditor's report to the Trustees of Johnson Charitable Trust (continued)
The extent to which the audit was considered capable of detecting irregularities including
fraud (continued)
In response 10 the risk of irregularities and non-complidnce with laws dnd regulations. we
designed proLedure.4 w'hiLh included. bul were noi limiicd to..
greeing financial .8lalemeni disclo4ures to underlying supporting documenlaiion.,
re<iding the Ininutes of meeiing.% uf those charged wilh governance. and
Cnquiring ot nianagernenl a% to dLIu¢il 4ind potential liligdli()n and claims.
There art inherent limitations in our dudit procedures described dbove. The more removed that
laws and re(ruldtions are from fjnancidl trdn%actions. the less likely it is that ￿e would become
aware ()f non-Lonipliance. Audiiing %ldnddrd% also limii the aLsdit procedures required lo
identify non-complidnLe with Id￿,5 dnd reLTulalion% lo enquiry ()f the directors and ()ther
managemeni and the inspection of reouldiofy dnd legal corre.4pondence, if dny.
Material missialemenis Ihdt drise due lo I'raud can be hdrder to detect than Iho%e thdt (iri%e from
error as the). may involve dclibcrale concealmeni or Lollusion.
A funhcr de%criplion of our responsibilitic% for the audit of Ihe financial sialemeni% 1% l()cated
on Ihc FindnLidl Reporiing Council's ￿'ebsite at l- 11
This descripiion loiTn% Pdrt of oiir dudiior's reporl.
Other matters
Your allenlion is drdl4'n to the fact that the Lhdrily has prepared findncial slalemenls in
accordance wilh 'AcLounting and Reporting by Chdiilie.%= Stateinenl of ReLommended Practs"ce
applicable 10 LhiiiiliL4 prep£iring their accounts in dCLI)rdance with Ihe Findncial Reporlin(F
Standard appliLdble in the LIK and Republic of ireldnd IFRS 102) in prcference io the
Accouniing and Reporting by Charities.. SiateITienl ()f Reconiinended PrdLIiLL i%.%ued on l April
2005 which is referred to in the extant regulations but has now been wi(hdidWn.
Thi5 has been done for ihe findncial stalemenls lo pro¥'ide a Irue and fair view in accordance
with Generally Accepted ALLounling Practice effeLlive fur reports.ng period% beLTinning on or
dfier l January 2016.

Johnson Charitable Trust
Independent auditor's report to the Trustees of Johnson Charitable Trust (conlinued)
Use of our report
This report 1.8 madc Solely to the Lhdiily'% trustees, as a body. in accordanLe w iih part 4 of the
Chdriiies (AcLC)unl% ¥ind Reports) Regulations 2008. Our audit work has been underlaken 40
that we inighi %ldle lo the Lhariiy'% Iru%lee% those mallers we dre required lo .siatc to them in an
auditors, report dnd for no oiher purpo.se. To the I"ulle.%l extent permilled by law, we do not
accept or a$8umc responsibilily 10 anyone other than Ihe Lharily and the chdfiiy s Iruslee% a.s a
body. for c)ur audit ￿'Ork. for this rcp()rt, or for the opinion4 we have formed.
15.10.2021
Chartered Accountants
Statut(Jry Auditor
Cdstle Chamber%
43 Cdsile Sircet
Liverpool
L2 9SH
BWM is eligible for appointment as audiior (If the Charity by ils eligibility t'or appoinlmenl as
£iudilor ot a company under section 1212 of the Companies Aci 2(M)6.
10

Johnson Charitable Trust
Statement of financial activities for the year ended 5 April 2021
Notes
Unrestricted
2021
Unre%tricted
2020
Income and Endowments from".
n￿estMentS
94,718
Total income
53,904
94.718
enditure on:
Rdi%ino I'un(Is
8,394
11,374
Charitable acrivilies
38,545
36,555
Total expenditure
47,929
Net gains l {10sses) from investtnents
243,712
399,385)
Net income / (expenditure)
250,677
(352,596)
Reconciliation of funds:
Toidl fund balances brought forward
1,757,706
2,110,-302
Total fund balances carried forward
2,008,383
1.757,706
The notes on pages 13 10 20 form pan of these accounts.
All of the charity's funds are unresiricicd for years ended 5 April 2020 and 5 April 2021.
All aclii'ities are coniinuing.

Johnson Charitable Trust
Balance sheet at 5 April 2021
2021
2020
Notes
Fixed assets:
Investments
,832,807
1,580,912
Total fixed assets
1,832,807
1,580,912
Current assets:
c.ash ai bank
176,004
174,141
Debtor
1,290
4,353
Toidl current asseis
177,294
178.494
Jiabilities: Amoun1% fdllinu due
'iihin one ycar
(1,718)
11,700)
Net current assets
175,576
176,794
Total net a&set.s
2,008,383
1,7.57,706
The funds of the charity:
Llnre%lricled fund
Designaied f'und
General lund
13
1,564,780
44.3,60.1
1,321,068
436.638
Toial charily fund
14
2,008,383
1.7.57,706
The accounrs on page.s I I In 20 were approved and signed by the Trustees on 15 Oclobei 2021..
ona
an
E. Wade
D. Rohcrt%
M. Green
12

Johnson Charitable Trust
Notes to the accounts for the j'ear ended 5 April 2021
Principal accounting policies
Charit). information
Johnson Chivildble Trust is a UK Registered Chdrily and an Unincorp()rated Metnbers,
A%%ocialion who%e C()n.%tilulion was adopied on 24 November 1963. The Ic(Tistered otfice
addi'e%s can be lound ()n the Leg<il and Admini8traii()n Information page.
1.1 Accounting convention
The%e accounis have bccn prepared in accordanLe with FRS 10? 'Thc Financial
Reporting Siiindard <ippliLdble in the UK and Republic of Ireland ("FRS 102,1,
-Accounling and Reporting by c.harilie%" the Siaiemcnt of Recommended Pidciice for
chai'ilies applying FRS 102, the Charities Act 2011 and UK Generally ALLepted
Accounting Praciice a% it dpplies froni l January 2016. The charity is a PubliL Benefit
Entity as defined by FRS 102.
Thc accounts have deparied from the Charities (Accounts dnd Reports) Regulaiion% 2008
only 10 Ihe exlenl required 10 piovidc a true and lair ￿'le￿.. Thi.s depariure has involN'ed
l(Il Ii)wing the Sidlemeni of Recommended Practice for charitic% applying FRS 102 iaihcr
than the ￿erSIon ol- Ihe Sidlenienl ul ReLonimended PraLIiLe ￿,hICh is referred 10 in Ihe
Rcguldtions but which has %inLe bcen withdrawn.
The accounts are prepared in %lcrling, which is Ihe functional currency of the ih(Irily.
Monelar>' dInounl% in these financial .slalemenis drc rounded lo the nearest pound.
The accounis have bccn prepared on the historical cost conveniion. The principal
acLounting policies adopied are sei oui below.
The charity has iaken advant(iue of the proi'ision in Ihc SORP for Chariiie% dppl J'ing FRS
102 Update Bulletin I not lo prepare d Siatetnent of Cash Flows.
13

Johnson Charitable Trust
Notes to the accounL% for the year ended S April 2021 (continued)
1.2 Going Concern
Ai Ihc litne of approvinLTr Ihc dccounts, the Irusiee% have a reasonable expeLldtion Ihal Ilie
charily has adequaie Ic%oui'ces to coniinue in operational existence for Ihe foresee<iblc
future. Thus Ihe Iru%lee% continue 10 (idopl Ihe goints concern basi% of accounlinLT in
preparing ihe dccounts.
1.3 Charitable funds
Unresti'icted I'und% die availdble for use (it the discreiion of Ihe trustees in furtherance of
their chariiable objeclii'es iinles% the funds hdvc been designaied for oihcr purposes.
1.4 Ineoming resources
All LaleLTories of inLOtne dre credited io Ihc Statement of Findncial Activities on a reLeipis
basis, inclusjve of reL()ver¢ible inLoine Idx.
1.5 Resources expended
ExpendilLire reflects all amount% paid and acLrucd during the year. Expenditure includes
any V AT ￿,hILh cannot be fully recovered and 1.4 reported as part of the exptndilure lo
,hich il ielales. All co%1% are allocaied beiw'een the expenditure categories of ihe
Siaiemcnt of Financial ALtivities {SOFAI ()n a bas15 de%i(TnLd to) retleci Ihe use of Ihe
resource. Costs relaiing t() d particular aclivity are alloLdlrd direLilv, -4upp()rt co.s1.% are
apportioned on <in appropridle basis.
Charitable expeiidilur
Chdrildble expendiiure COTnpri%es those co.4t% incurred by (he Lhai'il}' in the dell very of its
dC(il'Jlic4 and seri'iLe.4 f()r il% beneliciarics. It includes boih cosis rhal Lan be allocdted
directly to such aciivilics £ind those Lo%L% of an indireLI lldiiire necessary to suppoil Ihem.
Governiirice cn.fts
Ciol'ernance cosi% Fepresenl co41.4 a%%ncialed w'ith Tn¢cting Ilie con4lilulional and .4ldlulory
requireinent% (If the charity and inLlude the audit fec% and costs linked lo the %(Idtegic
Inanagement vf the charil J %uLh a5 expendiiurL l)n general admini.4lralion. managenienl
and complidnLe ￿'ith sraiulory requirements.
14

Johnson Charitable Trust
Notes to the accounts for the )'ear ended 5 April 2021 (continued)
1.6 1nvestmenLs
Inveslnienls included on the B<ildnce Sheei ai their market value dl the end of Ihe
financial period, Ihe i'aluation being providcd by the charily'% inve5tnienl adki.4¢r5.
The Sialemeni of Findncial Activities inLludcs those unreali%ed gtsin.% (ind lo.%ses arising
from the revaluaiion of the inveslmeni portfolio throughout Ihe year.
Re<ilised gains are calculated using sale proceeds received nei of origindl cost% (ind are
iaken to the Sialemenl of Financial Activities in Ihc period they arise.
1.7 Cash and cash equivalents
Cash (ind ca%h equiviileni.4 include cash in hand, deposits held dl call with banks. other
short-lerni liquid invesliiien15 wilh orioinal malurilies of Ihrec months or less. and bank
overdralis.
1.8 Financial instruments
The Charity has elected lo apply Ihe proN'isions of SeLli()n I I 'Ra%ic FindnLial
In%trumenis' and Section 12 '0ther Financidl Inslrumenis Issue% of FRS 102 10 dll uf it%
financial inslrumeni4.
FinanciLII inslrumcnls are recognised when the charity beLOtnes party lo Ihe conlr(iLlual
proviyions of the inslrumeni.
Financial assets ale off%el, with the nei dmuunls presented in Ihe dccounls when there 1%
(I legdlly enforccahle right lo set off Ihe rcLognised amoun[4 dnd there is an iniention lo
settle on a nei b(iSi5 or lo redli%e the d55el and settle the liabiliiy %imultaneously.
Basicfinancial assets
Basic financiiil I1.4%ets, which include debtors and Lash dnd bank balance4, dlc initially
niea%ured ai Irilll%dLtion price including Irdnsdclion cosis and dic subsequenil). Ldrried at
amoi'lised Los1 u.%ing the efteciii.'e inierL%t method unless ihc arrdngeineni Lonstitutes a
financing Irdn%aLlion, where the Iran.4dClI()n 1% Tneasured ai Ihc pre%ent value of the future
reccipis discounied dt a niarkei rale of intere.4t. Financial a%%eis LlJ%%ified as reccivJble
within one year are not dmortised.
15

Johnson Charitable Trust
Notes to the accounts for the year ended 5 April 2021 (eontinued)
1.8 Financial instruments (continued}
Basicfinaneial liabilities
Bd%lL findnLi<il li<ibilitie%, including trade and oiher P¢iyable.s. are iniiially reLogni%ed al
transaction price unless Ihe ￿[angeM¢nI constilules a tinancing irdn.sailion, where the
debi instrument 1£ meLlsurcd Jt Ihe pre%enl value of the fuiurc rcccipts discounted al a
market rale uf intCFcsI. Debt inslrunienls are %ub%equcntly carried at dinorti4ed LO.41, u%inLr
Ihe effeciive inlere%t rale meihod.
Trdde payables are obligation% to Pay for goods or services Ihd( hai'e becn acquired in the
ordin<iry course of operaiion% fri)m .%uppliers. Accounts payablc dfc cldssified as current
liabilities it" paynieni 1% due ￿1th1n one year or less. If ncit, (hey are pre%ented as non-
current liabililie%. Trdde payables are recooni%ed iniiidlly al Iransdclion price dnd
-subsequenily meatsuied al amortised cost using Ihe effcLiive interest meihod.
Derecognition offinanciul liabilities
FindnLial lidbililies are derecognised whcn the charity's contractual obligdlic)ns expire or
ale di.4Lhdrged or cancelled.
1.9 Taxation
The charil}' benefii.s froTll i'drious exeinplions from iaxation afforded by tax legislation
and is not liable [() L()ry)oratioii l<iX on inconie or gains fallinLT W'ithin those exempiion%.
The charily is not ablc lo recover Value Added Tdx. Expendilui'e ib recorded in IhL
accounis inclusive of V AT.
Critical accounting estimate5 and judgements
In the application of the charily's accounting policies, the Irusiee% drc required to make
judgeinenls, e%iiindlL% dnd dssuniptions about the cdrryinLTr amounl o)f a%sels and liabilirie8
that are noi rcadily appareni troni other SOUlLe%. The eslimales and d.4.4()Lidled
d%%umpiions are b<iSed on hi%lorical cxpcrienLe dnd i)ther factors Ihai arc considered lo be
rclcvanl. Actual resulis may dilfei from these esiimales.
Thc estimates and underlsing a%.%utnptions are reN'iewed on an ono()ino7 b<tsis. Revisions
lo accounlinft esiiinillcs are reLI)gni.%ed in the period in which Ihc c%liniale is revised
where the revi%ion dffccls only that period, or in Ihe period of the rei'ision and future
periods where the revision affects boih curreni and future periods.
16

Johnson Charitable Trust
Notes to the accounts for the year ended 5 April 2021 (continued}
Investments
Unrestricted
2021
Unrestricied
2020
Dividends
Inlere.si recelvdblc
nveslrneni portfolio rebates
38,645
69,488
3,180
22.050
94,718
12,919
53,904
Raising funds
Unrestricted
2021
Unre.%lricled
2020
Invesimeni Mdnager fees
8,394
8,394
11,374
11,374
Charitable activities
LTnrestricted Unre4iricled
2021
2020
ChJritable expendiiure-.
Chri.%imas h(Imper%
Pensioners Lunch
Lifeline cosis
36,359
34,477
274
91
34,842
1.713
36,555
500
-16,859
1,686
38,545
Share of govcrnance c051% (see noie 6)
Governance costs
Goi'ernance
costs
Unrestrieted
2021
lJnrestricied
2020
Audit fee
1,686
1,686
1,686
,686
1,713
1,71.3
17

Johnson Charitable Trust
Notes to the accounts for the year ended 5 April 2021 {continued)
Fixed Asset Investment.$
2021
2020
1*1Sted investments at market value
Fixed interest securilic%
Unit Tru%(%
Cash held as Pdrt of portfolio
967,637
597,14.3
1.18,027
1702,1107
686.738
634.330
129,844
1.4fi0.912
Other investment5
Cash hcld in deposit accouni
iio,000
1,832,807
1.30,000
1,-fj80,912
All invesimenls are held in the L niled KinL7dom.
Movement in Portfolio inve.%tments
2021
2020
Market value ai the beginninLTr of (hc yedr
MoN'emenl on c.ash
Nei unrealised inveilnitnl LTdins / (losse5)
Markei value dl Ihe end of the year
1,450,912
8,183
24.3,712
1,702,807
1,806,150
44.147
(.399.385)
1.450.912
Historical cosi as ai the cnd of the year
1,03_3,989
1,005,113
Debtors
2021
2020
Prcpaymenls and accrued income
1,290
1,290
4,-1.54
4.3)4
Liabilities: amounts falling due
within one verfir
2021
2020
Accrual%
1,718
1,718
1,700
1,700
18

Johnson Charitable Trust
Notes to the accounts for the year ended 5 April 2021 (continued)
10 Financial Instruments
2021
2020
Carrying amount of financial assets
Debt inslrumenis mcd%ured ai amorti4cd cost
E"quily inslrutn¢nl.% niedsured al f(iir Value
445,-321
1,564,780
438,338
1,321.068
Carr)ing amount of financial liabilities
Measured dt amortised cost
1,718
1,700
I l Transaetions with trustees
Thc trustees did not receiN'e anj reniuneralion or expen%e% for iheir %ervices as Tru%iees during
the current and previous years.
12 Related parties
The following charity and Irii%l arc undei comnion Trusiee control wilh John50n Chariiable
Johnson Graup c.leaners Chdrity
Johnson Rroihers Employee Flenetit Trust
The above charity and Irusi hdve the sanie prinLipal conlaci (Iddresses.
The Trustees of Johnson Charitdblc Trust are dll employees of John.%on Service Group PLC
'Ihe Compdny") and lis subsididries. Their role% within Ihe Company are as follows..
Y Mi)naghan
E Wade
M Green
T Morii
D Ri)berts
Chief Financial Officer
Personal A%%ist(Inl lo c.hief Financial Officer
Pension% Manager
Gri)up Fin<incial Conirr)Iler
Group Reporlints Accountant
There were no Iran%aciions wilh any relaied Pdrties during the year.
19

Johnson Charitable Trust
Notes to the accounl.s for the year ended 5 April 2021 (continued)
13 DesiRnated funds
The inLI)me funds of Ihe charilS' include ihe following de.%jtsndled fund% which have bcen set
asidc out ot unre%lriLted fund% by the Irusiees for ,%pecific purposes.
Balance at 6
April
2020
Net
unrealised
gain5
Balance at 5
April
2021
Invesitnenl.
1,-321,068
243,712
1,564,780
1.3?1,068
241,712
1.564,780
Balance at 6
April
2019
Net
unrealised
055es
Balance at 5
April
2020
Inve.stmenl.%
1,720.4_53
(.399,385)
1,321,068
1.720,453
(399,385)
1,321,068
The invesimeni% held {excludinLT cash ai bank} are not con.iidered by the Trustees 10 be available
for spendinu and are Iherefore treated a% designaied funds.
14 Analysis of net assets between funds (2021)
Unre%lricled
funds
Total
Fund balances at 5 April 2021 are represented by..
Inveslmeni%
Currenl asseis
1,832,807
17_fi,576
1,832,807
175,576
2,008,383
2,008,383
Analysis of net assets between funds12020}
Unrestricied
I'Ltnd5
Total
Fund balanLes ai 5 April 2020 dre repre%enlLd b }':
Inwc%tments
C.urrenl Il.s.scI%
1,580,912
176,794
1,580,912
176,794
1,757.706
1,757,706
20