Johnson Cbaritable Trust
Accounts for the year ended 5 Apru 2025
Register&l Charity Number: 216974

Johnson Charitable Trust
Contents
Pag¢
Trustees and advisors
Trustees, report
Stat¢m¢nt of trustees, responsibilities
Independent auditor's reFKIrt
6-10
Statement of financial activities
Balance Sheel
12
Notes lo the accounts
13-20

Johnson Charitable Trust
Trustees *nd advisor5
Trustees
Y M Monaghan
E Wade
M Green
T Morris
D Burlinson
(resigned 19 June 2025)
Principal address
Abbots Park
Monks Way
Preston Brook
Cheshir¢
WA7 3GH
Auditors
Mitchell Charl¢sworth (Audit) Limited
14 Floor
The Pla7A
Old Hall Street
Liverwol
L3 9AB
InV￿tmellt managers
Schroder Investm¢nt Managcment Lid
l London Wall Place
London
EC2Y SAU
Bankers
National Westminster Bank PLC
2-8 Church Str¢¢t
Liverpool
LI 3BG
Santander PLC
298 D¢ansgate
Manchester
M3 4HH

Johnson Charitable Trust
Trn$tees' report for the year ended S April 2025
The trustees are pleased to submit the annual report and audital accounts for the year
ended 5th April 2025. The accounts have been prepared in accordance with the
accounting policies set out on page 13 and comply with the charity's Trust Deed, the
Charities Act 2011 and "Accounting atmj Reporting by Charities: Statement of
Recommcndcd Practice applicable to charities prepaTing their accounts in accordance
with the Financial Rq)orting Starnlard applicable in the UK and Republic of Ireland
(FRS 102) (as amended for accounting peri(¥ls commencing from l January 2019)"
The accounts have departed from the Charities (Accounts and Reports) Regulations
2(X)8 only to the extent required to provide a trne and fair view. This departure has
involved following the Statement of Recommended Practice for charities applying FRS
102 rather than the version ofthe Statement of Recommended Practice which is ref
to in th¢ R¢gulalions bul which has since been withdrawn.
Constltution of the Trmsl
The Tnlst is a registered charity and is governed by its Trust Deed dated 12 Decernber
1927 and subs¢qu¢nily amended by various schemes approved by the Charity
Commission¢rs. It op¢rdtes under the name Johnson Charitable Trust.
Objects of the Trust
As detailed in the Trust De&1 the Tn]sVs obje¢tive is to assist employees, ex-
employees of Johnson S¢rvice Group PLC ('kn¢ Company") and their widows or
dependants who are in need.
The Tn￿t, in pursuance of this objective, makes grants to or in respect of such persons
and for charitable purpose5 connected with the ne&ls of such persons.
The trustees have given due regard to the guidance on public benefit and have acted
accordingly.
Aehievements and Perforniance
During the year donations have been rnade to provide Christmas hampers to retired
employees.
Review of the year
During the y&qr the Trust made charitable expenditure of £56.942 (2024: £53,968), and
had net income of £866.519 (2024: £25,927) after the inclusion of net unrealiscd105ses
from Investments of £158,478 (2024: £13,181) and the transfer of investment assets
from Johnson Brothers Employee Benefit TnLSt of £971,300 (2024: £nil). There are
accumulated funds at th¢ ¢nd of th¢ year of £2,939,653 (2024: £2,073,134}. The
Trnst¢¢s int¢nd to maintain adequale resources lo continue to award grants and
donations in line with the Obje¢ts of the Trust.

Johnson Charitable Trust
Trustees, report for the year ended 5 April 2025 (conlinued)
Reserves
The Trustees have established a policy whereby the unrestricted funds which the trust
holds and which are not Cotnmitted (-free reserves") should be between three and six
months of the resources expended, which eqU￿¢S to £18,153 to £36,306. At this level.
the trustets feel that they would be able to carry on the trust's activities in the event of
a significant drop in funding. At present the free reserves, which amount to £609,690,
exceed the larget level. The inVestm￿ts held are not considered by the Trustees to be
available for spending and are therefore treatcd as designated fimds.
Inveslments
Th¢ investments held by the Tn￿t have been acquired in accordance with the powers
available to the TnLStees. The Trustees do not regard the investments (excluding cash)
as available for spending but rather that they are held for the purposes of earning
income, and therefore are not regard￿ as part of free reserves.
R¢gi$tration of the Trust
The Trust is registered under the Chariti&s Act 2011 (number 216974).
Trustees
All Trnst¢es S¢rY￿ throughout th¢ y¢ar, however Margo Green resigned post year end
on 19 June 2025. Trustees are ap￿inted by the Board ofTrustees and they meet several
times a year.
In accordance with the Trust Deeds, the appointment of Trustees is by the Directors of
the Company. All Tn￿e￿ are employ¢¢s of th¢ Company as disclosed in note 12 of
these accounts.
Trustees are appointed by r¢coMmo￿ationbY other tn￿t¢¢S based on appropriate skills
and knowledge of Finance or Human Resources. On apwintment, Truste&s are
provided with a brief history of th¢ trusi and givcn appropriat¢ training wh¢r¢ needs are
identified.
Th¢ Trust is ¢xempt from In￿￿¢ tax and capitsl gains tax under S505 Income and
Corporation Taxes Act 1988.
Taxation
Th¢ tNst b¢n¢fiis from various exemptions from L￿atIOn afforded by tax legislation
and is not liable to corporation tax on income or gains falling within those exemptions.
The Charity is not abl¢ to recover Value Add&J Tax.

Johnson Charitable Trust
Trustees, rep)rt for the year ended S April 2025 (¢oniintsed)
Connected Charities
There are connected chariti&8 and details can be found in note 12 to the accounts.
R15k Management
The trustees have examined the major risks which thc chariiy fac¢s and confirni thai
systems have been put in place to mitigate or eliminate these risks.
Disclosure of Inforniatlon to auditor
Each of the trustees has confirnled that there is no infom]ation of which they are aware
which is relevant to the audi( but of which th¢ auditor is unawar¢. They have further
confimied that they have taken appropriate steps to identify such relevant inforniation
and to establish that the auditor is aware of such inforniatio
By the order of the Trustee
On behalf of the Trustee
12 D￿allber 2025

Johnson Charitable Trust
Statement of tThstees' resPOll5ibililies for the yur ended 5 April 2025
The trustees are responsible for preparing the Trustees, Report and the accounts in
accordance with applicable law and unit￿ Kingdom Accounting Slandards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the tnjstees to prepare
accounts for each financial year which give a tNe and fair view of the state of affairs
of the charity and of the incoming resources atKI application of resources of the charity
for that year.
In prepaTing the5c account4 the trustees arc requir￿ io:
- select suilable accounting wlicies and then apply them consislently.
- observe the methods and principles in the Charities SORP;
- mak¢ judgancnts and eslimates that are reasonable and p￿￿ent.
stale whether applicable slandards have been followa. subjecl to any material
d¢partut¢s disclos¢d and explaind in th¢ financial statements: and
- prepare the a¢¢ounts on the going concem basis unle&s it is inappropriate to presume
that th¢ charity will continue in owatio
The trustees are resw)nsible for keeping sufficient accounting rccords th￿ disclose with
reasonable accurncy at any lime the financial PK￿llIOn of the chariiy at¥J enable ihetn to ensure
Ihat ihe finaTKial stal¢fflenls comply with the Charitie5 Act 2011, the Charity (Account5 and
Reports) Regulations 2(K)8 and the provisions of the trnst deed. They are also responsible for
safeguarding the assets of the ciwity and hence for tsking reasonable steps for the prevention
and detection of fraud and other itreguiaTities.

Johnson Charitable Trust
Independent audltor's report to tbe Trustees of JohDson Charitable Trnst
Opinion
We have audited the financial statements of Johnson Charitable Tn]st (the 'charity') for the
year ended S April 2025, which comprise the statement of financial activity* the balanc¢ shc¢L
statement of cash flows and notes to the financial statements. includin8 SI￿1r1Callt accounting
policies which are set out on pages I I to 20. The financial reporting framework thai has been
applied in their preparation is applicable law and United Kingdom Ac￿untIng Standards,
including Financial RqK)rting Standard 102 The Financial Reporling Stt7ndard opplicable in
Ihe UK and Republic oflreland (United Kingdom Generally Accq)ted Accounting Practic¢).
In our opinion, the financial statements-
give a tDJe and fair view of th¢ state of th¢ charity's affairs as at 5 April 2025 and of its
incoming resources and application of resources, for the year then ended.
have b¢¢n propcrly prcpared in accordance with United Kingdom Generally Accepted
Accounting Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audil in accordance with Intanational Standards on Auditing (UK) (ISAS
(UK)} and applicable law. Our reS￿nSibIlitieS under those standards are further described in
the Auditor's responsibilities for the audit of the accounts section of our report. We are
independent of the charity in accordance with the ethical requirements that are relevant to our
audit of the accounts in the UK including the FRCS Ethical Standard, and we have fulfilled
our other ethical responsibilitie5 in accordance with these requirements. We believe that the
audit evidence we have Obtain￿ is sufficient and appropriate to provide a basis for our opinion.
Coneluslons relating to golng ¢on¢ern
In auditing the financial statements, we have concluded that th¢ t￿￿te¢s, us¢ of the going
concern basis of accounting in the prepardtion of the financial statements is appropriate.
Based on the WO￿ we have perforn]ed. we have not identified any material uncertainttes
relating to evenls or conditions that. individually or collectively. may casl significant doubt on
th¢ charity's ability lo ¢ontinu¢ as a going concern for a period of at least twelve months from
when the financial statements are authorised for issue.
Our responsibilities and the resp)nsibilIti￿ of the trustees with respect to going concern are
described in the relevant sections of this rewrt.
Other Information
The other inforniation comprises thc infornlation included in the annual report. other than the
financial statements and our auditorfs rqM)rt thereon. The tn￿te¢S are responsible for the other
infonnation contained within the annual r¢￿rt. Our opinion on the financial statements does
not cover the other inforniation and. except to the extent otherwise explicitly stated in our
report, we do not express any forni of assuranc¢ ¢on¢lusion th¢r¢on.

Johnson Charitable Trust
Independent iudlior'$ report to the Trn$tees of Johnson Ch2rAtsble Trust (continued)
Other Informgtlon (continued)
In connection wilh our audit of the financial statement4 our responsibility is to read the other
infom]ation and, in doing so, consider whcther lh¢ other infornialion is materially inconsistent
with the financial ststements or our knowledge obtained in the audit or otherwise appears to
be materially misstated. If we identify such maleriai inconsistencias or apparent material
misstatements, we are required to detern)ine whether there is a material misstat¢m¢nt in the
financial statemenls or a material misstatement of the other inforn)ation. If. based on the work
we have p¢rforni¢d, we conclud¢ that thff¢ is a material misstat¢m¢nt of this other
infomiation, we are required to report that fad.
Wc hav¢ noihing to report in this regard.
Matters on whi¢h we •re required to report by exeeption
W¢ hav¢ nothing to report 111 ffspecl of the following matters in r¢lation to which th¢ Charities
(Accounts and Reports) Regulations 2008 require us to rqx)rt to you if. in our opinion:
Th¢ inforniation giv¢n in th¢ financial stat¢m¢nls is inconsistent in any material r￿peCt
with lh¢ Tn￿l￿s, R¢port' or
Suffictent accounting records have not been kept. or
Th¢ financial stat¢m¢nts ar¢ not in agr¢em¢nt with the a¢(xJunting records. or
We have not received all the inforn]ation and explanations we rquire for our audit.
R¢sponslbiUties of trustees
As explainoj more fully in the Statement of Tnlstee's ReS￿nsIbIlitIes, the trnstees are
reswnsible for the preparation of the financial statements and for being satlsfied that they give
a true and fair view, and for such intemal control as the directors detemiine is necessary to
enable the preparation of financial statements that are free from material misstatemeThL whether
due to fraud or emjr.
In preparing the financial statements, the trustees are responsible for assessing the CtLarity's
ability to continue as a going concry disclosin& as applicable, matteTS related to going concern
and using the going concern basis of accounting unless the trustees either intend to cease
operations, or have no realistic altemative but to do so.
Auditor's responsibilities for the audit of the fmancigl statements
We have been ap￿]nted as auditors under section 144 of the Charities Act 2011 and report in
accordance with the Act at)d relevant r¢gulations made or having effect thereunder.
Our objectives are to obtain re&sonable assurance about whether the financial statements as a
whole are free from material misstatement. whether due to fraud or aTor. and to issue an
auditorfs report that includes our opinion. Re&sonable assurance is a high level of assurance
but is not a guarant¢¢ that an audil conducted in accordanc¢ with ISAS (UK) will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and
¢onsid¢r¢d mal¢rial if, individually or in th¢ aggr¢gat¢, th¢y could r¢asonably b¢ ¢xp¢ct¢d
to influence the economic decisions of ￿rS taken on the basis of these financial statements.

Johnson Charitable Trust
Independent auditor's report to the Trustees of Johnson Charitable Trnst (continued)
Auditor'5 responsibilities for the audit of the f￿ancial statements (continued)
Irrcgularities, including fraud. are instances of non-compliance with laws and regulalions. We
design procedurcs in line with our responsibilities, outlined abov¢. to ddccl mat¢rial
misslalemcnts in reS[￿t of irregularitiffj including fraud. The extent to which our procedures
are capable of detecting itregularitie4 including fraud is detailed below.
The extent to which the audit was Considered capable of detecting irregularitle$ indudfing
fraud
Our approach to identifying and asscssing the risks of material misstatement in respect of
I￿egular1tIes, including fraud and non-compliance with laws and regulations, w&s as follows:
the engagcment partner ensured that the engagement tearn coll¢¢tiv¢ly had the
appropriate competenc4 capabilities, and skills to identify or recognise non-compliance
with applicable laws and regulations.
we identified the laws and regulati0Th8 applicable to the cnmpany through discussions
with trustees and other management.
we focused on specific laws and regulations whtch we considered may have a direct
material effect on the financial statements or the op¢rations of th¢ charity, including the
Chariti¢s Act 2011, data protection, anti-bribery, employment and health and safety
egislation.
we ass¢ss¢d th¢ ¢xtent of compliance with the laws and regulations identified above
through making enquiries of managcmenl and inspecting legal corrwond¢nc¢' and
idcntificd laws and regulations were communicated within the audit team regularly and
the team remained alert to inslances of non-compliance throughout the audit.
We assessed the susceptibility of the company's fitwicial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by:
making enquiri&8 of management as to where they considereAI there was susceptibility
to fraud, th¢ir knowl¢dge of actual, su$ped￿. and alleged fraud" and
considerlng the internal controls in place lo mitigate risks of fraud and non-¢omplian¢¢
with laws and regulations.
To address the risk of fraud through manag¢mcni bias and override of controls, we:
fornied analytical procedures to identify any unusual or unexpected r¢lationships"
tested journal entri&8 to identify unusual trdnsactions;
assessed whether judgements and assumptions made in d¢tem]ining the accounting
¢stimat¢s were indicative of potential bias" and
investigated the rationale behind significant or unusual transactions.

Johnson Charitable Trust
Independent auditor'5 report to the Trnstees of Johnson Charltabk Trnst (eonthiued)
The extenl to whlch the audi¢ w88 consldered eap*ble of deteeting trregularities including
fraud (continued)
In response to the risk of irregularities and non-compliance with laws and rcgulations. we
designed ptocedures which included, but were not limit￿1 to:
agr¢¢ing financial slat¢4D¢nt disclosur¢s to und¢rlying supwrting documentation"
reading the minutes of meelin8s of those charg￿ with governance: and
enquiring of management &s to athal and p)tential litigation and claims.
There are inherent limitations in our audit proc&luros described above. The more removed that
laws and regulations are from financial transactions, th¢ less lik¢ly it is that we would become
aware of non-compliance. Auditing standards also limit the audit procedures required to
idenlify non-compliance with laws and re8ulations lo enquiry of the directors and other
managem¢nt and th¢ inspection of regulatory and l¢gal corr¢spond¢nc¢. if any.
Material misstatements that arise due to frdud can be harder to detect than those that arise frorn
error as they may involve deliberate concealment or collusion.
A further description of our responsibilitics for the audit of the financial statements is located
on the Financial Reporting Council's websile at h :Ilwww.frc.o
This description fornjs part of our auditorfs rep)rt.
Other matters
Your attention is drawn to the fact that the charity has pr¢par¢d financial statements in
accordance with 'Accountin8 and RetKJrtin8 by Chariti&8: Statement of Recommended Practice
applicable to charitics prq)aring their accounts in accordanc¢ with the Financial Reporting
Standard applicable in the UK and Republic of Jreland (FRS 102) in preference to the
Accounting and Reporting by Charities: Statement of Recommended Practice i&sued on l April
2(K)5 which is r¢f¢rr¢d to in th¢ ¢xtant r¢gulations but has now l)een withdrawn.
This has been done for the financial statements to provide a true and fair view in accordance
with Curr¢nt G¢n¢rally ACC¢pl￿ A¢counting Pradic¢.

Johnson Cbaritable Trust
Independent auditor's report to the Trnstees of Jobnson Charitabk Trust (continued)
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the
Charities (Accounts and RepoTts) Regulations 2008. Our audit work has been undertaken so
thal we might state to the charity's trustees those matters we are r4uired to state to them in an
auditors, reN)rt and for no other PUryK)se. To the fullest extent pennitted by law, we do not
acc¢pt or assume responsibility to anyone Oth￿ than the charity and the charity's trustees as a
body, for our audit work, for this reporL or for the opinions we have fonned.
18 December 2025
Mltehell Charlesworth (Audit) Limited
Accountants
Stalutory Audltor
Ih
14 Floor
The Plaza
Old Hall Stre¢t
Liveq)ool
L3 9AB
io

Johnson Charitable Trust
St•tement of fmancial ae¢ivitie5 for the year ended 5 April 2025
Notes
UDre$trA¢ted
2025
Unr¢strictcd
2024
IneonJ¢ and EndowmeDts from:
Investments
126J09
971JOO
1097,609
104,309
Donations
Total income
104.309
enditure on:
Raising fimds
IS.670
11,233
Charitable activities
5&942
53,968
Total expenditure
65,201
Net losse$ from investhients
158A78
13,181
Net Ineome l (loss)
866J19
25,927
Reeonelllation of funds:
Total fund balances brought forward
073 134
2 047 207
Total fund ba1￿CeS carried forward
939 653
2 073,134
The notes on pages 14 to 22 fomi part of these ￿CoUnts.
All of thc charity's funds are Unrestr1d￿ for years ended 5 April 2024 and 5 April 2025.
All activities are continuing.

Johnson Charitable Trust
Balanee sheet at S April 2025
2025
2024
Notes
Fixed 8ss¢ts:
Inv¢stm¢nts
2,747,421
747,421
1,885,989
Total fixed assets
1,885,989
Current assets:
Cash at bank
193.762
184.528
Debtors
1572
4,345
Total current assets
A95J34
188,873
Llabllltles: Amounts falling du¢
within one year
3,102
Net current ag9¢ts
192232
187,145
Total net assets
2 939 653
2,073,134
The funds of the charlty:
Unrestricted funds
Designated fund
General fund
13
2J29,963
609.690
1.517.141
555,993
Total charity funds
14
2,939 653
2.073 134
The accounts on pages I I to 22 were approved and Sign￿ by the Trustees on 12 Decemb¢r
2025:
Y. M. Monaghan
E. Wade
T. Morris
D. Burlinson
12

Johnson Charitable Trust
Slatement of cash floJv5 for Ihe year ended S April 2025
2025
2024
Cash flows from o
r*tin
aetivities
N¢t incom¢ p¢r stat¢m¢nt of fmancial activities
866J19
25,927
Investment incom¢
Non-cash donation income
Loss on investments
Decreas¢ in debtors
Increase in creditOTS
(106,637)
(971 JOO)
158,478
2,772
lJ74
{86,608)
13,181
9,015
Nel cash flows from operating activities
794
38,484
Cash flows from finvestln aellvltles
Investment incotnc [￿e1Ved
Interest income received
15,528
42￿00
11.855
35,500
Net easb flows from Invesling *etivities
47,355
Change in cash durlng the year
9234
8,870
Cash as gt 6 April 2024
184J28
175.658
Cash as Ydt 5 April 2025
193 762
184 528
Th¢ notcs on pag¢5 14 to 22 forn] part of these accounts.
13

Johnson Charitable Trust
Notes to the aecoullts for the year ended S AP￿ 2025
Prfinelpal accounting policies
Charity thformation
Johnson Charilable Trust is a UK Registered Charlty and an Uninwrp)rated Members,
Association whose Constitution was adopted on 24 November1963. The registered office
address can be found on the Legal and Athninistrdtion Infomjation page.
1.1 Accountillg conventlon
These accounts have been prepared in accordance with FRS 102 "The Financial
Reporting Standard applicable in the UK and Rcpublic of Ireland" ("FRS 102"),
"Accounting and Re￿rtIng by Charities" the Statement of Recornmended Practice for
charities applying FRS 102, the Charities Act 2011. The ¢haTity 15 a Public Benefit Entity
as defined by FRS 102.
The accounts have depart￿1 from the Charities (Accounts and Reports) Regulations 2008
only to the extent requir&1 to provid¢ a tru¢ and fair view. This departure has involved
following the StateM￿t of Reconmiended Prnctice for cl)arities applying FRS 102 rather
than the version of the Statemenl of R￿Mmended Prd¢tice which is referred to in the
Regulations but which has since withdrawn.
The accounts are Prepar￿ ITh sterlin& which is the fundional currency of the charity.
Monetary amounts in these financial statements ar¢ rounded to the nearest pound.
The accounts have bcen ptepared on the historical cost convention. The principal
accounting policies adopted are set out below.
14

Johnson Charitable Trust
Notes to the accounts for the year ended S April 2025 (contlnued)
la Golng Concern
At the time of approving the accounts, the trustees have a reasonable expectation that the
chariiy has adequate resources to continue in operational existence for the foreseeable
future. Thus the trustees continue to adopt th¢ going concern basis of accounting in
preparing the accounts.
1.3 Charitable funds
Unrestricted fimds are available for use * the discretion of the Irustees in furtherance of
their charitable objcctives unless the fimds hav¢ bc¢n d¢S1￿￿ted for other purposes.
1.4 Ineomlng resourees
All categories of income are cralited lo the Stat¢m¢nl of Financial Aclivities on a receipts
b&sis, inclusive of recoverable income taL
1.5 Re$ovrces expended
Expenditure reflects all amounts paid and accrued during the year. Expenditure includes
any VAT which cannot be fi￿lY recovered and is T￿X)rt￿ as part of the expenditure lo
which it r¢lat¢s. All costs are aIlocated between the expenditure categories of the
Statement of Financial Activities (SOFA) on a basis designed to r¢fl￿1 th¢ us¢ of the
resource. Costs relating to a particular activity are allocated directly, support cosls are
apEM)rtion¢d on an appropriate basis.
Choritable expepjditure
Charitable expenditure comprises those cosls Incurr￿ by the charity in the delivery of its
activities and services for its b￿¢ficia[]CS. It incI￿leS both costs that can be allocated
directly to such activitiGs and those costs of an indirect nature necessary to support them.
Governance costs
GoveTnance costs rq)resent ￿SIS associat￿ with meeting the constitutional and statutory
requirements of the charity and include the audit fees and cost5 linked to the strategic
management of the charity such as ¢xpcnditure on general administration. management
and compliance with ststutory requirements.
15

JohDson Charitable Trnst
Notes to the accounts for the year ended 5 Aprll 2025 (eontiDued)
1.6 InvestmeDts
Investments are included on the Balance Sheet at their market value at the end of the
financial period, the valuation being provided by the charity's investment advisus.
The Statement of Financial Activiti￿ Includ￿ those unrealised gains and105ses arising
from the revaluation of the inveslment ￿rtfoliO throughout the year.
Realised gains are Calculat￿ using sale proceajs received net of original costs and are
taken to the Statement of Financial Activities in the period they arise.
1.7 Cash and cash equivglents
Cash and cash equival¢nts include cash in hand, deposits held at call with banks, other
short-temi liquid investments with original maturities of three months or less, and bank
overdrdfis.
1.8 Flnanelal instrumeDts
The Charity has elected to apply the provisions of Section 11 'Basic Financial
Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its
financial instnuncnts.
Financial instnunents are recognised when the charity becomes party to the contractual
provisions of the instnllnent.
Financial assets are offset, with the net amounts presented in the accounts when there is
a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a basis 01 to realise th¢ ass¢t and settle the liability simultaneously.
Bosiefinancial assets
Basic financial asset4 which include debtors and cash and bank balances, are initially
measured at transaction price including trans￿li0n costs and are subsequently carried at
amortised Cost using the effective int¢r¢sl mdhod unl¢ss the arrangement constitutes a
financing transaction, where the transaction is M￿ured at the present value of the future
receipts discounted at a market rate of interesl. Financial assels classified as receivable
within one year are not amortised.
16

Johnson Charitable Trust
Not￿ to the accounts for the year ended S Aprll 2025 {¢ontinued)
IJ Flnancial instruments (continued)
BaNefinan¢ial liabilities
Basic financial liabilities. including trade and other payabl¢s, ar¢ initially recognised at
transaction price unless the arrangement constibjtes a financing transaction, where the
debt inslrument is measured at the present value of the future r¢c¢ipts discountcd at a
market Tate of interest. Debt instTuments are subsequently carri¢d at amortised cost, using
th¢ effective interest rate method.
Trad¢ payables are obligations to pay for g(KMb or services that have been acquired in the
ordinary course of operations from suppliers. Accounts payable are ¢lassifi¢d as currcnt
liabilities if paylnent is due within one year or less. If not. they are presented as non-
¢urr¢nt liabilities. Trade payables are recognised initially at transaction price and
subsequently measured at amortisaj cost using the effective interest method.
Dere¢ognition offthon¢i41 l¥4￿111¥e￿
Financial liabilities are dere¢0￿)ised when the charity's contractual obligations ¢xpir¢ or
are discharged or canc¢lled.
1.9 TaxgtioD
The charity b¢n¢fits from various exemptions from taxation afforded by tlx legislation
and 15 not liable to corporation tax on income or gain5 falling within those exemptions.
The charity is not able to r¢cov¢r Valu¢ Added Tax. Expenditure is recorded in the
accounts inclusive of VAT.
Critical accountlng estimat￿ and judgements
In the application of the charity's a￿unting wlicies. th¢ trt￿tees are required to make
judgements, estimates and assumptions about the carrying amount of assets armj liabilities
that are not readily apparent from other sourc￿. The estirnalcs and associated
assumptions are based on historical exp¢ri¢nce and oth¢r faclors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised
where the revision affects only that period, or in the period of the revision and future
periods where the revision affects both current and future periods.
There are no criti￿] accounting ¢stimates applied in preparing the financial statements.
17

Johnson Charitable Trust
Notes to the accounts for the year ¢nd¢d 5 April 2025 (contlnued)
Investment income
Unrestrleted
2025
Unrestricted
2024
Dividends
Interest receivable
Investment portfolio rcbates
86,125
20,512
19,672
126,309
70,594
16,013
17,702
104,309
Ratslng funds
Unr¢stri¢ted
2025
Unrcstricted
2024
Investment Manager fees
15,670
15.670
11,233
11,233
Charitable activiti¢s
Unrestrleted Unrestricted
2025
2024
Charitable expenditure:
Chrislmas hatnpcrs
P¢nsioners lunch
Hardship grants
Lifeline costs
4&205
679
4,500
47,069
95
47,164
6,804
53,968
53a84
3,558
56,942
Share ofgovernance costs (see note 6)
Governance costs
Governanee
costs
Unreslricted
2025
Unrestricted
2024
Audit fee
Legal fees
Admin fees
3,480
3,480
2,004
4.800
78
78
6,804
18

Johllson Charitable Trust
Notes to the accounts for th¢ year ended 5 April 2025 (Conlinued)
Fixed Asset Investments
2025
2024
Llsted Investments at market value
Fixed interest securities
Unit Trusts
Cash held as part of portfolio
1,872,951
457.012
302,458
2 632 421
1,077,682
439,459
253,848
1770 989
Other Investments
Cash held in dq>osit account
115,000
2 747 421
115,000
1,885,989
All investments are held in the Unitd Kingdom.
Movement In Portfolio investments
2025
2024
Market value at the beginning of the year
Transferr¢d from Johnson Brothers Employee Benefit Tn
Movement on C&sh
Net unrealised investment losxs
Market value at the end of the year
1,770,990
971,300
609
1,744,918
39252
13,181
1770,989
2 632 421
Historical cost as at the end of the year
2 850 801
1,079 152
During the year investment assets with a value of £971,3(X) were transferred from Johnson
Brothers Employee Benefit Trust. Ther¢ was no cost to Johnson Charitabl¢ TTUSL thcrefore
these have been treated as donations in the financial slatements. The historical cost of these
investments when they were originally purchased by Johnson Brothers Employee Benefit TTUSt
as been Includ￿ in the historical cost as at the end of the year not￿ above.
Debtors
2025
2024
Prepayments and accrued income
72
lJ72
4,345
4.345
19

JohDSOll Charitable Trust
Notes to the accounts for the year ended 5 April 2025 (conlinued)
Liabilities: amounts falling due
within one year
2025
2024
Accrnals
3.102
1,728
10 Financial Instruments
2025
2024
Carrying amount of fln*ncfial gssets
Debt instruments measured at amortised cost
Equity instruments mwured at fair value
612,793
29,962
557,721
1,517,141
Cvdrrying amount of flnancial liabilities
M¢asur¢d at amortis¢d cost
3,102
1,728
11 Transaetions with trustees
The tn￿teeS did not receive any remunffation or expa￿ for their services as Trustees during
the current and previous years.
20

Jobnson Charitable Trust
Notes to the aCCOUDts for the yur ended S April 2025 (CODtinued)
12 Related parties
The following charity and tn￿t are under cornmon Tntstee control with Johnson Charitable
Trust:
Johnson Group Cleaners Charity
Johnson Brothers Employee Benefit Tn￿t
The above charity and trust have the same principal cnntact addresses.
During th¢ year, investment assets with a valu¢ of £971,3(K) were transfetred from Johnson
Brothers Employee Benefit T￿￿t to Johnson Charitable Trust (see note 7). This has been
rewgnised as a donation in the financial statements.
The Truste￿ of Johnson Charitable Trust are all employe￿ of Johnson Service Group PLC
('Ih¢ Company"} and its subsidiari¢s. Their rol¢s within the Company are as follows:
Y Mona8han
E Wad¢
M Green
T Morris
D Burlinson
Chief Financial Officer
P¢rsonal Assistant to Chief Financial Officer
Pensions Manag¢r
Group Director of Finance
Group Financial Controll¢r
There were no fithher transactions with any related parties durin8 the year.
21

Johnsoll Charitable Trust
Note5 to the accounts for the year ¢nd¢d 5 April 2025 {continued)
13 Designated funds
The income funds of the charity includ¢ th¢ following d¢signat¢d funds which have been set
aside out of unrestricted funds by the trust￿ for specific purpo￿8.
BalADee at
6 April
2024
Donations
Net
nrealised
losses
Balaoee at
5 April
2025
Investments
.5l7,141
971,3(M)
(158,478)
2,329,963
.517.141
971,3(K)
(158,478)
2,329,963
Balance at
6 April
2023
Dtsnations
Net
unrealised
losses
Balance at
S April
2024
Investm¢nts
,530,322
,530,322
(13,181)
(13,181)
,517.141
1.517,141
The investments held (excluding at bank) are not considered by the Trustees to be available
for spending atKI are therefore treat￿ designated funds.
14 AD21y8ls of net assets between funds (2025)
Unr¢stiid¢d
funds
Totsl
Fund balances at 5 April 2025 are represented by:
Investments
Current assets
2,747,421
192,232
2,747,421
192,232
2 939 653
2 939 653
Anydtysis of Det assets between funds (2Q24)
Unrestricted
fijnds
Total
Fund balances at 5 April 2024 are represent￿ by:
Investments
Current assets
1,885,989
187,145
1,885,989
187,145
2.073.134
2 073,134
22