Attommts for the year e•d¢d 5 Aprll 2024 Re￿ Charity Nwnber. 216974 Johnson Charitable Trust Contents P•8e Tnjstees and *lvisors Tru5tees' Iq>ort Slatement of tntstees. respmmsibilitics Indep￿dent auditor's rq 6-10 Slatement of financial aclivities Balon¢¢ SIK¢t 12 Notes to the accounts 13-20 Johnson Charitsble Trust Trnst¢¢$ advls Tru$t¢¢$ Y M Mona8hao E Wad¢ T Moffis D Burlinson PrltyelpAI addre•s Abt*)ts P Monks Way Preston Brook Cheshire WA7 3GH Audltors Mitchell Charle5WOrth (Awlil) LimiteAI The Plaza Old Hall Stre¢t Liverpx)I L3 9AB Investment IllAnAgers Sdwodcr Investment Management L l London Wall Place LL)ndon EC2Y SAU B￿kerS National Westminster Bank P 2.8 Church Street Live￿001 LI 3BG Santander PLC 298 Deans8ate Mandwtr M3 4HH Johnson Charitable Trust Trwte¢s' report for th¢ yar ¢ftded S Aprll 2024 Th¢ Irus¢¢¢s 8re ple&se4110 submii the annual rqjort and audil¢d acL))unts for the ycar end&1 5th April 2024. Th¢ xcounts have been pryared in ￿ordIn¢t with the accounting policies set out on page 13 comply with the charity's Trust Deed, thc Chariti¢s A¢t 2011 and 'A￿Unting and R¢portin8 by Chariti￿. Statement of Recornmended Practicc applicabl¢ to ¢harities preparing their a￿Unts in awdance with th¢ Financial Rep)rtin8 StaTh18rd applicable in th¢ UK and Repjblic of Ireland (FRS 102) (as amended for acu)unting p&iots Comme￿ing from l January 2019)" The accounts have dq>arted from the Charities (Am?unts and Rep)rts) Regulali(ms 2008 only to the extent r4uired to provide 8 Irue and fair vicw. This departu￿ has involvd following the Ststetncnt of Rccorn￿ Prncti¢e for charities applyin8 FRS 102 rdth¢rthan th¢ v¢rsion ofthc Statement of RecommendeA Pradi¢e which is r¢f¢￿rd to irn the Regulations bul which has since withdrawL Comstltuilon of Ibe Trmrt The Trusl is a re8iStered charity ar￿ is 8overn￿ by its TnLSt De￿ dated 12 Dcccm 1927 and subsequently amathd by various s¢hon¢s approva by the Charity Comrnissionus. It opmt¢s undcr th¢ nan￿ Johnson chaT1t￿l¢ Tn￿L Objeets of the Tr•rt As detailed ITh the TTU5t thc Trusvs objective is to assist employees. ¢x- employees of Johnson Se￿1¢¢ Gn)up PLC fthe Company) and their widows or dwdants who ar¢ in nefyl. The Trust, in pursu￿ of this Obj￿￿1v< mak&¥ Wants to or in rw of suth perso and for charitable purpjses c4)ThneLteJJ with the needs of such persons. Thc trustees hav¢ given due re8wd to the 8uidaD¢e on pl)li¢ benefit and have acted accordin81y. Aehievements aNd P¢rfonM4n¢e Durin8 the yettr donatiotts have been made to provide Christmas Iwnpers to retired employees. Revlew of the y¢•r l)Jrin8 thc year the Tn￿1 made ch¥itsble expenditure of £53,968 (2023: £J8.684), and had net income of£25.927 (2023: net10&8 £89,492) after the inclusion of net unrcalisc41 los8￿ Inv¢stmats of £13.181 (2023: £132,371). are accumulaied funds at the end of the year of £2,073.134 <2023: £2,047207). The Trustees ittteTrJ to maintain adquate resources lo continue to award 8T￿ts m A¢¢ountin8 Standards (United Kingdom Generally A¢¢epteJ Actouffting Practice). The law applirAble to charities in England and WaIes requires the trustees to prepare accA)iIDls for ¢a¢h finanGial yw which ￿ve a true and fair view of the state of affairs of the charity and of the ino)min8 resourceg and application of r69)U￿ of the chaTity for thai year. In pr¢parin8 these accourA4 tk trustees a￿ Tequira io: - select suitabl¢ a¢cow)iing [￿liCI¢S and then apply them (￿nSiStentIy. . observe the method8 and principle5 in the Ch•ritie5 SORP: . make judg¢ments and estimates that are reaxmable and Fxiwjeth: - slate whdher applica)k stsndarts have been followed. subj¢rt to any matcrial d¢partures dis¢lo*l and explained in the financial statrnts: and . prepare the accounts on the 80in8 conLYrn basis unless it is inappropriate to presum¢ that the charity will continue in operalion. The trustees are responsible for keeping 5ufficicnt accounting Tecords that diselose with reas(mable a¢¢urw at any lime the financial position of lh¢ tharity and Mabl¢ thcm to that th¢ financial stateM￿ts comply with th¢ ChJriti¢5 A¢t 2011, the awity (AcLY>unts and Rew¥ts) Regulations 2￿8 al￿ the provisions of the trust deed. Thry ¥e also r¢S￿nsible for safeguarding ihe awts of the dwity and hence for taking reasonable steps for the pttvenlion aThl d¢te¥Aion of fraud And other irregularlties. Johnson Charitable Trust Independeot audknr's Y¢pfyrt to th¢ Tvwsttts of Joknson C&aritable Trwst Opthkni W¢ have auditejj the finan¢iai stalanents of Johnson Charitable Tntsl (the 'charity') for the year ended 5 April 2024. which comwisc the stat*>n￿t of financial activity. the balan￿ sheet a￿1 notes to the financial ststement4 includin8s1￿jfiC0nt accounting policies whi¢h are sd out on pagu I I to 20. The financial reN)rting fromvlvork that has be￿ applied in their preparation is applicabl¢ law and United Kin8dom A¢¢ountin8 Standard4 i￿luding Financial Reporting Standard 102 The Financial Reporting &andard applicable in ihe UK andRepublic ofIreland (Unitcd Kin8dom G&￿allY Acc¢oal AcLJxmtm8 Practi￿). In our Opinio￿ the financial statements: giv¢ a true and fair view of the state of the dwity's affairs as at 5 April 2024 and of its in¢omin8 rL80ur¢es and application of ruourcw for thc ycar then endcd. hav¢ be￿ prO￿lY prep•rcd in KCOWd￿ with Unital Kingdom Genually Accepted AC￿￿ntIng Practicc: and have been pryarvj in accor￿ with th¢ requircmfflts of thc Charitics Ad 2011. Ba81$ fw opknl We conducted our audit in accord￿ with In￿￿n￿l Sthndarth on Auditin8 IUK) (ISAS (UK)) and applithlc law. Our respo￿1￿1111tieS under those ￿andardS are further described in th¢ Auditoes rt8W)rtsibilities for the audi¢ of the accounts S￿lI0n of our [q￿rt. We ar¢ illde￿dent of the dwity in with the ethical rtyuirements that arc relwant to our audit of th¢ acwunts in the UK including the FRCS Ethical StandaT4 and we have ￿lfilled our other ethical resFK•nsibilitie8 in accordance with these requirnents. We believe that the udit evidence we have obtained is 8uffi¢iffl¢ and aM)ropriateto provide a b8sis forour opinion. Conelusloxi relathii io goi*8 eomcern In auditin8 the financial stalemcnts we havc conduded that the trusle&%' use of the goin8 concern b&8is of accA)unting in thc prq>Aratiffl of the financial statcmcnts 15 appropTiAtc. Based on the work we have perfonn•L w¢ have Identifi￿ any material uncertainli relating to events or conditions thaL iTrlividuaity or ￿lled1VelY. may east significant doubt on the charitys ability to continue as a going Cor￿eM for a pKiod of * least twdv¢ months from when the finoncial statanents are autknriscd for issu& Our rwnsibilitiu the responsibilities of the Irt￿ with r• to going concern are described in the relevant sections of this re Other l•forwlifyA The othv inforniation o)mwis&s the inf0mlati￿ included in the annual rq￿. oth¢r than thc financial ststements and our audilovs report thcreon. The trusteas are rtsponsible for the other inforn)ation ￿ntaIned within the annual re￿}rt. Our opinion on thc financial statements does not wv¢r th¢ other infomlltion and, cxceprt to the extent otherwise expli¢itJy in our reporL we do Thot expTW5 any forni of assur￿ conclusion thuthL Johnson Charitable Trust Independent a•dltor's report to the of Jokllson Charllable Tn￿1 {eMthi•ed) Oth¢r Infornjatlon (ubntiD•ed) In connection with our audii of the financial statcmcrts, our re5wxjsibility is to ra th¢ oth inforn￿lOn and, in doing so. consider whdhez the other infomMlion is materially inconsistent with the financial stalcments or out knowkdgc (4)tained in the audit or otheNise appe¥s to be materially misstated. If wc identify suth mrtcrial inconsistcncies or apparent material ml8StalcmeTht4 we are rcquircd to dctennine whrthtr thtre is a material misstatement in the financial statements or a material misstalemenl of the other infmtion. If, basd on thc work we have ￿rQ￿ed, we that Ihue is a mak11￿ misstalemenl of this other inftlmiatioty we are required Io that fxt. We have nothin8 lo reF#)rt in this W. M2tten on whl¢h w¢ ar¢ requlred lo rqxbrt by exeoptl We have nothin8 to rqK>rt in respect of the following nutlexs in relation to which the Charities {Awounts and Reports) Regulations 2WJ8 Tequirc us to rqKIrt to you if. in opinion: The infornialion given in the financial ￿aterna￿ is inconsist￿t in any material res with the Trustees, Ryrt; OT Sufficient a¢¢ounlin8 te¢ords have been c¢ The financial statem¢nts are not in a8r¢cmcnt with th¢ a¢counlin8 records. or We have not [￿¢]Y￿ all the infomuiion aAI explanations we require for our audit. Respon$lbllltfjes of trvitees As explained more fully in th¢ Ststemffll of TnL81e¢'$ Req￿nSIbIlitI￿, the tn￿ee5 arc responsible for th¢ prw•ration of the fin4ncial slal¢mfflts *Thd for being satisfied that they give a twe and fair vi¢w. and for suth iniernal contml a8 the directors detemiine is necessary to enable the preparation of financi￿ 3tst&n￿ts th•t are from matr¥ial mi&statemenL whether du¢ to fraud or error. Ift preparing ihe financial statements. the trusiees are responsible for a5sessin8 the awity's bilityto continue as agoing concern, discJosin& asapylicabl4 rnattcrs relatcd kn 80in8 wnc¢rn and using the going concern basis of accounling unlc55 the trustees eithex intend to cease opu*ion4 or have no realistic alicrnative but lo do x•. Audltor's responslbllllks for th¢ *wdlt Of the lIuAd￿ statements We hav¢ be￿ appoint￿ as auditors uThler section 144 of the Charities Act 2011 and re￿rt in accordance with the Act and relevant regulations made or having ¢ffcct thereundcr. objcctivcs are to obtain r¢wsonable aiKWt wheth¢r th¢ financial statements as a whole are free from rnaterial rnisstalemenl whdhtt due to frwd or error. and to issue auditoes report that includes our opini￿. Reasonable asgurwK¢ is & high l¢vd of assuraThcc bul is noi a guarantee that an audit condu¢taJ in a¢coth¢e with ISA$ (UK) will always dctcct a rnatcrial mi&4atcment whcn 1¢ cxi5ts. Misstatements can arise from fraud or error and are considered matvial if. individually or in the agyr8atc. ￿vId r¢&sonably bc cxpccted to influenee the economic thisions of users taketh on the b￿1$ of these finarKial statements. Johnson Charltable Trnst Indepemdenl a￿lIt•r,9 report to the Trrystees of J•hthw Ch*Aiable Trnt (eonllDoed) Audltor'8 re4Joiilblltkn for the a•dll of the fixa*d*l itxtemeats (eo•llxu¢d) ITregulariti¢s, including frawl are instancts of ￿n￿¢0Mpliance with laws and regulations. We d￿ign procedures in linc with our TeSFKmsibilitie4 outlined abov4 to dd¢ct mat¢rial misstatements in rtspect of irrc8u]aritie5, including fraud. The cxttht lo which our procedures are capable of detecting iTre8ularitio ineludin8 fraud is delailed below. The extent to Ihe a•dlt wa¥ eap*bk of deteetl•8 Irregularltks kneludkng frand approath to identifying *MI a&8essing the risks of n￿ter1￿ mis8lat¢mMI in respect of irregularities. induding fra￿1 a￿1 rnxKx)mplian¢e with laws and re8ul*ioLs, was &s follows: the en8a8ement parthw ¢n￿red thal the ￿888&￿ent team cotledively had the appropriat¢ ¢ompetsK4 ￿pabilIti￿ aThJ skills to identify or r￿08n15¢ nOn￿OmplIan with applicable laws a￿1 tegulali(w we id¢nlified the laws and ryulations applicable lo thc ujmpany through discussions with trustees and other m4nagemen¢. we focusoa on wific laws and regulatiofis which we consAder&l may have a dirrft material effect on thc financial *atcmcnts or the opttaliorts of the charity. including the Charities Ad 2011. data protect*J4 anliknibuy. employment •nd health and safety Iwlatio we assessoj the extent of ￿MplIanCe wilh laws and regulations idcntifial abovc thTQU8h makin8 enquiries of managemfflt and inspectin81¢8al Correspondth￿. Ind identified laws and re8ulatiOL8 were conununicated within the a￿lIt team regularly and the team remained alert lo of th)n-coryiliance Ihroughout the a￿lit. We &ssessed the susceptibility of the CoMp￿Y'S financial statements to matrxial MI￿tateMenE including obtaining an undtrslanding of how fraud might 0￿Ur, by: makin8 enquiries of mm8￿ent as to where they considcrcd thcre was $useeptibility to fraud, th¢ir knowledge of actual, 8uspecteAI. and alleged fraud. aThl considetin8 the inlanal ¢ontrols in place to mitigatc risks of fraud rtonvcompliance with laws and re8uI*lo￿. To addre&8 the risk of fra￿1 through rnanaga￿t bias and ovczridc of control4 we: 1￿mied analyti￿] proccdutts ¢0 identify any unusual or relalionship4 tested journal cntTiC5 to idcntify unusual transactions: &88essed wh￿h￿ judscmerts aThl ￿UmptionS rn￿e in ddern]inin8 th¢ ac￿u￿ting eslimates were indicativc of ffttial bi&%: and inve5tigatcd thc rtionale behi￿1 significant or unusual transactions. Johnson Charltable Trust Independ¢•l *udltor'$ report to the TrMt¢es of Johllsoll Clwllable Trust (¢ontlnued) The exttnt to whl¢h the audh w¥ ¢￿Idered eybk of dttsell*g trr¢8uIArftl¢$ Ineludln8 friud {eonthiued) In r¢s￿nSe to the risk of iTre8ulariti¢s at¥J Tr)n-compli*Ke with laws and regulations. we designed procedures which inclth. but were m)1 limited to: 8reein8 fin￿]0[ slatano)t dl￿k￿Ur￿ to underlyin8 SUPPOrtin8 doL7mentalio reading the minutes of meelings of those chargeAI wilh governance; and enquiring of m￿￿8¢M¢llt as to actual and ￿la1 litigation and daims. There are inhmt limitations in our audit procolures d￿cribed abovc. The more removed that laws and reBulations are fr(*n financial transactions, the less likely it is that w¢ would becorne awar¢ of non-wmplianc¢. Auditing sthThlards aly) limit the audit PTo¢&lur¢s rquiral lo identify rK>Hx>mpliancc with laws and regulAtions to enquiry of the dirKtors and oth¢r minagemeTht and the inspec*ion of regulatory aThl legal COTrtsW￿enC} if any. Matejial misstatcmcnts that arisc duc to fraud can bc hardcr to d¢t¢d than those that arisc from cmjr as they may involve deliberate co￿¢•1me4￿ or collusion. A further descriplion of our rwibilitits for the a￿•t of the financial statemcnls 15 local on the Financial Re4K)rting Council's w¢bsit¢ at Ilwww This desaiption fom]S PArt of our W. Other matters Your attention is drawn to the fact that the Charity has prep￿￿ financial stat¢m¢nls in accordance with"Ac¢ounting and Rewrtingby Charities: Stat¢m¢nt of R¢wmm¢nded Pradicc applicable to charitics prcparing their acwunts in I￿rd￿￿e with the Financial Reportin8 Standard applicable in the UK and Republic of Ire]aNI (FRS 102) in preference to the Accounting and Reporting by Clwities: Stslement of Recomm¢nd¢d Pra¢ti¢e i&sued on l April 2(M)5 which is refetted lo in the ¢xlant r¢gula¢ions but has now beerA witlKITawn. This ha5 been donc for the finatKiaJ *alUn￿t$ to wivide rd true and fair view in a¢cordan¢e with Current Generally Accounting Prndice. Jobllson Cbaritable Trust Independent audttor'j report to theTr¥stees ofJohwgu Charltabk Trust (collthiued Use of our report This is made solely to the chaTitys trustees. as a body, in accordance with part 4 of the Charities (Accounts a￿1 Reports) Regulations 2(K18. audit h35 been undertaken so that we rnight state to the Ch￿l￿S ttustccs thosc rnatters we are reqUi￿d to stste to them in an auditors, report and for no othcr purp)se. To the fullest extent pcrmittcd by law, we do not ac¢¢pt or assume responsibility 10 anyone other than the charity and the chariws In￿ceS as Ix)dy, for our aLxlit Wotk. for this Tel￿rt. or for the opinions we have fonned. Mllfhell Charlesworth (Andl¢) Lknl¢ed A¢¢o￿tIM￿ St•¢4tory Audilor 15 January 2025 ThePI Old Hall Street Liverpool L3 9AB io Johnsoll Charltable Trust Sl•temeJt of I1nMd￿ actfvltl•s for th¢ year emled S Aprll 2024 Notes Uprestrid¢d Unr¢stricled 2023 Incom¢ Endown*nts from: InvestmMts 104J( 91.124 09 91 124 Total Income ndltur¢ on: Raising funds 11.233 9.561 Charitable a¢tiviti¢s 38.684 Tot*1 expendlture 65 48 Nee Iwses from Invu¢Memts 132371 Net Income l (hxs) 25.927 (89.492) RecoThclllath)n of funds: Tothl fund balances brouthl forward 07 Totsl b*lu¢e¥ ¢arrled fwward 2 047 207 The notes on pages 13 to 20 bnn port of th¢8¢ a¢¢oun All of the dharity's funds ￿ unrestri(*d for years C￿le￿ 5 April 2023 aThJ 5 April 2024. All activities aTC continuin& Johnson Charitable Trust Balam¢¢ $hee¢ #l S Aprll 2024 2024 2023 Flxed *sMts: Inv￿lMents IWS989 1.859,918 Total fixed 855¢ts IJ85,989 1.859,918 CurreAt Msets: Cash at bank 184J28 175,658 13,359 Debtors Total current 8ssets 188 189.017 Lfjablullu: Amounts fallingth within one year 1.728 Net Current amets 187.145 187289 Tot￿ *¢t 2 047 207 The of the ch•rlty: Dcsi8natol 13 1517.141 993 .530.322 516,885 Total funds 07 2 047 207 The ac(x)unts pagG5 1 I to 20 Were aNroved •nd sI￿￿d by the Tn￿te¢S on 13 January 2025: Y. M. Mona8 E. Wade T. Morris D. Burlinson J.fknlL( M. Green 12 JobDSOD Charltable Trust Noles to the *etou•ts for the year ended S Apr# 2024 PrlA¢lpal a¢¢0￿￿•1 p•lle Ch2rlty imfonnatio Johnson Charitsble Tn￿ is a UK Re8iStered Charity and an Unin¢oTW)Tatcd Mcmbets, Association whos¢Constitution was adopt￿ on 24 Novembw1963. The r¢sist¢roJ otTi¢e addre&8 wi b¢ found on the Legal and Administration Infonnation page. 1.1 Accountlnz convmdo These have been rnred in accordance with FRS 102 ffie Financial Reportin8 Statth applicable in thc UK and Republic of Ireland" fFRS 102,), "Accounting and R¢porting by Chariti¢s- thc Stat¢m¢nt of Rw0mm￿d¢J Prnclice for hari¢ie5 applying FRS 102. thecharities Ad 201 l. The charity is a Public Benefit Entity as defineAI by FRS 102. The accounts have departed from the Charities {Aco)unts RepoTts) Regulalions 2008 only to the ext¢nt required to provide 8 true and fair view. This departure has involv following the Statanent of R￿M¢￿ts1 Pracli¢¢ for dwities applying FRS 102 rather than the version of the Statement of R￿0Mm￿￿1 Pra¢li¢¢ whith is refe[r￿a to in the Regulaticw bul whi¢h has Sin￿ been withdrm. The accounts are wep8rn1 in *er11￿ which is the fimctional of the ¢harity. Monetary amounts in th¢se finwial ststanents are roundtsj io the nearest POU￿1. The accounts have been on the hislorical COA conv￿￿ort. The principal aLxounting policies are sd below. The chority ha5 lthn advantage ofthe wovision in the SORP for Charities applyin8 FRS 102 Bulle¢in I not to PTepare a Statawt ofC&sh Flow& 13 Johnson Charitsble Trust Notes to the Aceo•Dts for th¢ year ended S Aprll 2024 (emtimued) 1.2 Golng CoTr¢¢rn At the lin￿ of approving the the trurtees have a reasonabl¢ expectation that the charity has adè4uate resources to conlinue in operational existence for the foreseeable futur¢. Thus the In￿teeS Lwtinue to adopt the goin8 concem basis of accounting in IJ ChArlt*bk fu•ds u￿r￿trIC￿l funds are available use at the discrtion of the t￿￿re5 in furthaance of their charitable objectives vnks5 the fiHxls have b¢¢n d¢signatcd for other puryKI￿. IA IAeomln8 re￿￿ree* All cate8ories of tncome are credited to theS￿eMent ofFinan¢ial Activities on a rettipts basi& inclusive of rKov¢rabk i￿ome tsL l.S R¢wMYw ¢xp¢nd¢d Expenditure refl￿ts all amourts paid and a¢¢n￿￿ during th¢ year. Exp¢nditure ift¢ludes any VAT which c8nfM)t be fully r¢￿V¢[Al and 1$ rewrteAI &$ part of the exp￿LtUre lo which it rel￿. All coas fft allocated between the expA)diture c*egories of the Statement of Financial Activityes (SOPA} on a basis designed to refiect thc use of the resource. Costs relating to a particular xtivity allocated diredly. sUPPrt costs ar¢ apportioned M an appropriate b&%is. Chari¢able upendilure ChaTilabl¢ expfflditure CO￿1￿¢5 those costs In￿ by th¢ ¢haTity in thc ddly￿ of its activities and setyic¢s for its bthefi¢iane& It includcs both costs that can be a]localfxl dire¢tly to w¢h aclivities and lIK￿ C4)sts of an itsJir•X nature necessary to supwrt them. Governance Gov¢mance ￿sts represent costs a$￿e1al¢d with meetingthe constitutional and statutory rquiremcnts of the charity and include the audit fees and costs linked to the strate8iC management of th¢ tharity suth as ¢xpenditure on soj¢ral &Iministratio￿ mana8ement and compliance with statutory r4ulr¢m￿t& 14 Johnson CharltAble Trust Notrs to the aeeounts for the year emded 5 Aprll 2024 {e•Athiwl) fl￿ Investmemts Inveslmenls are in¢ltyJed on the Balance Sheel ai their Tnarkct valuc al the Cl￿ of ihe financial period. the v￿uatIOn being provided by the cJwrity'$ investmeAit advisers. The StsloneDt of Financial Activities indudes those unrcalisThl gains aThJ loss￿ arising from the revaluAtion of the iThvalmcnl p￿rtfoliO throughout the yeaF. Realis¢d gains ¢al¢ulat¢d using s￿¢ pnxeeds rettived net of original costs and are taken to the Ststement of Financial Ad1Viti￿ in th¢ ￿1(￿1 tlw aris¢. 1.7 and ¢asb equfvale4ts Cath and c&sh equivalents indude ¢8sh in han4l d¢posits h¢ld * ￿11 with bank4 oiher short-terni liquid inveslmcnls with ori8inal maturities of three months or Ic4 and bank overdraft& IJ FIDan¢lal Instrun*nts The Charity has apply the provisions of Section 11 'Basic Finan¢ial I￿truMents, and Se¢tion l2 '(Xher FIn￿claI Ins1n￿ Issues, of FRS 102 10 all of its financial instrumml& provisions of the instnun¢nL Financial •re offrt with thc nel amounts lY￿ente￿j in the xcounts wlwi there is legally enforceable ri8hl to sd off the re¢ognised amounts •nd there is an intcntion to sdtl¢ on a net basis or to Mlise the asset and settle the liability sinwllanrJ)usIy. B￿le￿i￿and￿l Basic financial assets, which include dthtors and ¢ash and bank ba1allc￿, are initially measured at transaclion price i￿lUding tranwlion rA)sts and u¢ subscqu¢nily CWTieAI al amortised cost using th¢ cffe£tiv¢ interest method unless the arrdnganent wnslitut¢s a financing Iran5￿￿ where the tra￿￿tIOn is Measur￿ at th¢ prwent value of the future rcccipts discounted at a market rate of interest. Financi￿ ￿Sets classified as receivable within onc ycar are not all￿1$0£ 15 Jobnson Cbaritable Trnst to the xco•nts for the year eAded S Apyll 2024 (t4)nil•ued) IA FIDa#ctsl In*tr•m¢Ats (conthiwed) Basicfinancial lia&'fiiiey BasiG financial liabilitics incI￿1n8 trade cther p8yable4 ar¢ initially re￿gnI￿1 at transaction price unless the arrangement o)nsiitutQ8 a financing tran￿¢tiO￿ wh¢r¢ thc debt inStru￿t is megsur*J at the pres￿1 value of the future receipts discount￿] at a market rate of inierest. Debt instrumts are subwuently carried at an￿rtIs￿ C￿$t, using the eff￿tIVe Inte￿5¢ Yale m&l￿d. Trnde payables are Obligati￿ts to pay for or serviLTh that have been acquircd in the ordinary course of operations from suppliers. Accounts payable are classifi￿ as cumi liabiliti¢s if payment is due within onc year or les& If not, they arc prcscntd as non- current liabiliti&8. Trade payables are re¢o8nised initially al transaction pricc and 8ubwueThdy nx&surd at amortis•J I￿¢ wing the cffcctivc interest meth￿. Derecognltlon ofJkn4Aci4lH4O111rf¢s Financial liabilities are dm)8nised Whe￿ the clority's ￿ntractUal cbli8alions expire or ate disthar8cd or cancdlthL 1.9 T*x*¢ioD Th¢ charity be4￿rits from various ￿emptIonS from taxation afforded by tsx Iw'slation d is not liabl¢ to ¢oT￿rdI10n tax on incomc or sai￿% falling within those eXCm￿l0ns. The chariiy is not able to rec￿Ver Valuc Added Tax. Expthth'turc is recordd in th¢ Accounts inclusive of VAT. CrlQle*l accounthig esthmkn Judym¢mts In the application of the charity's accowting wlici¢s. the trusttts are r4uirpAI io make judgements. cstimales and asswlions about th¢ wing amount of assds and liabilili¢g that are not readily apparcnt from o11￿ sources. The estimat¢s and associated sumptions are on historical evie￿ce aTrJ otlv factors that are considered to be relevant. Adual results may differ from these e￿IMete8. The estimates th)d ￿d¢[lyIng a&wmptions ar¢ r¢vi¢w¢d on ￿ oftgoinB basis. Revisions to ac¢ountin8 estimates are recogni8ed in the peri(rfl in which the ¢stimal¢ 1$ r¢vised whete the revision affects only that pcrio(L (ff in the period of the ￿lis1O￿ aTrl future p￿10d5 whcre the revision affects both curreni futur¢ P￿10￿. Thtte are JK) ¢Titieal ac¢ountln8 es11m￿¢S •&plieAI in tmrywing th¢ financial statements. 16 Johnson Charitsble Trust N•tes to the aetou•ts for the year ended 5 Aprll 21124 (eoullR•ed) IDvestDwnts Umregtr1tt￿ Unrestri¢t 2(124 2023 Dividends Interest ￿CeIv&bIe Inv¢strn¢nl Portfolio r¢b*s 70J94 16,(114 17.702 I04J09 66,283 5.752 19.089 91.124 Ralslmg funds Umrestrlcted Unrestrided 2024 2023 Inv¢stm¢nt Managff fees 11233 11233 9,561 9.561 arltabk *tdvllles Unr¢strleted UnrestricteAI 2924 2023 Charitable exP￿MIll￿r￿. Christm&8 hampers Hardship Lifrlin¢ cosls 47.069 36,432 339 95 36,866 1,818 38.684 47,164 Share of governance &￿ts (see wt¢ 6) GOVern￿te costs G•vernaDce U•Mtrkt¢d u[￿estrICted 2024 2023 Audit fee LegaE fees 1.818 17 Johnson Charitsble Trust Notes to th¢ •e£ouJts for the y¢•r ¢•ded 5 Aprll 2024 (contlnued) Flxed Asaet Inve8lnxnts 2024 2023 Fixed int¢r¢sl 8eawities Unit Tntsts Cash hdd as part of I￿)rtfoliO 1•77fj82 1.065.350 439859 464.972 25 9 214 596 1744918 Other Inv¢*iments Cash held in d¢pM)sit aLxount 859 918 All invcstmcnts are held in the United Kingdom. Mov¢m¢nl l• Portfollo luv¢slm¢•ts 2024 2023 Market value at the be8innin8 of thc ycar Movement on Cash Nel unT¢aJised invcstniart Ios5CS m￿¢t value at the end of the year 1,744,918 39252 1,842,040 35.249 132371 1.744,918 Historic41 cost as at the end of the year 1091552 2024 2023 Pr¢paym¢nts ino)me 13 13 59 59 Llabllltles: *mon•ts f￿1￿1 dme one year 2024 2023 Ac¢ruals 1,728 18 Johnson Charitable Trust Notrs to the 8ccou•ts for the y¢•r ud¢d 5 A￿￿ 2•24 (¢o•dnued 10 Flnameknl l•strnments 2024 2023 C*rryln8 *•nouyJ¢ of auets Debt inthments measura at amortisd cost Equity insttuments measurd at fair value $57.721 518.613 1.530,322 CArrylng amount of fin*•etsl H*bllltleJ Me&8ured ￿ amortised cost The Irustees did not receive any remunernlion or for their xyviccs as TTuslees durin8 12 Related partl The following charity and trust are ¢0mM￿ Tntytee control with Johnson Charitable Johnwn Bmthas Employee Ba￿fil Tn The al)ove charity and tnL8t bave the same principl ￿dresS￿. Th¢ Trusl¢¢s of Johnson Charitabl¢ Tru￿ arc all cmpioytts of JohnTA)n Servi¢¢ Group PLC ('the Company") and its subsidiaries. Their roles within the Company are as follows: Chief Financial Offi¢er Personal Assistant lo Chief Financial Officer Pensions Manag¢Y Group Financial Controllcr Group Re￿rtIng Ae¢ount*nl EW￿e M Gre£n T Morris D Burlinson Th¢r¢ w¢r¢ no trar￿￿1(￿￿ with any related parti￿ thrrin8 the ycar. 19 Johnson Charitable Trnst Notes lo the for the year e#&d 5 Aprll 2024 (coallnned) 13 Deslgnated fumd• Thc income funds of the ¢lwi¢y indude the followin8 desiwed fill)ds which hav¢ be¢n srt ide out of unre5trictcd fuTrJs by the t￿￿te¢S for specific purw)ses. Bal•w #t 6 Aprll 2023 Net Balance •t 5 Aprll 2024 Inveslments IJ30,322 (13.181) 1.517.141 1.530,322 (13.181) 1.517,141 Bal*nee At 6 April 2022 Net BAl*nee *15 Aprll 2023 Investments 1.662.693 1.662,693 (132,371) (132.371) 1,530,322 1530.322 The Inv￿lments held (exdudin8 cash at bank) are notconsidereAI by theTn￿ee5 to be available 14 All￿Y$ll of net assets bettveeA (2024) Unrestrictol Total Fund balances at 5 April 2024 are rwresffilthl by: Investmenis 1,885,989 187.145 1.885.989 187.145 2,073,134 An•lyth of A¢t •8g¢ts b¢tw¢¢A f•Ads (2023) Unrestricted Fund balan¢¢$ at 5 April 2023 are r¢prewl&l by". In￿tments .859,918 l87.289 1059.918 187389 2 047 207 ￿￿07 20