Man Group plc
Charitable Trust
Annual Report and Financial
Statements
31 December 2022
Ch8rity Ragistration Number
275386

Contents
Reports
Reference and administrative information
Trustees, annual report
Trustees, responsibilities statement
Independent auditorfs report
Flnanclal statements
Statement of financial activities
12
Balance sheet
13
Statement of cash flows
14
Notes to the financial statements
15
Appendix
Charitable donations
20
Man Group plc Charitable Trust 1

Reference and administrative information
Trustees
Lydia Bosworth
Steven Desmyter (Chair)
Keith Haydon
Angus Jacobs lappointed 1 February 20221
Teun Johnston (resigned 23 March 20221
Abby King lappointed 11 May 20221
Christopher Pyper
Carol Ward
Trust Secretary
Joshua Furlonger
Prlnclpal office
Riverbank House
2 Swan Lane
London
EC4R 3AD
Charity registration number
275386
Independent Auditors
Ernst & Young LLP
25 Churchill Place
London
E14 SEY
Bankers
Lloyds Bank
Financial Institutions
10 Gresham Street
London
EC2V 7AE
Man Group plc Charitable Trust 2

Trustaes. Annual Rgport Year to 31 December 2022
The Trustees present their statutory report with the financial ststemenls of Man Group plc
Charitable Trust (the 'Trust'} for the year ended 31 December 2022.
The awounts have been prepared in accordance with the accounting policies set out on
pages 15 to 17 of the attached accounts and comply with the Trust's Trust Deed, the
Charities Act 2011 and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordan
with the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland {FRS 1021, effective from accounting periods commencing 1 January 2015 or later.
Objectlves and actlvltles
Principal aims and objectives
The Trust is a philanthropic trust ftjnded by Man Group plc. The relationship between the
Trust and Man Group plc is described within the 'Governance, structure and management,
section of the Trustees, Annual Report below.
The purpose of the Trust is to apply such donations received for such charitable purposes
as the Trustees may in their absolute dis¢relion determine as prescribed in the Trust
Deed. The main activities undertaken in relation to those purposes are described below
under 'Grant making policy,.
When setting the objectives and planning the work of the Trust for the year. the Trustees
give careful consideration to the Charity Commission's general guidance on public benefit.
Grant making pollcy
The Trust prefers lo concentrate its support on smaller charities where ils donations make
a material difference and where it can work in partnership with charities that are less likely
to obtain support from the general public.
The Trust focuses on education programmes that support disadvantaged people lo build
the necessary vital life skills to improve life chan￿S and employment prospects. The
interest and involvement of employees of Man Group plc and ils subsidiaries (the 'Group'l
is also considered. The Trust is interested in finding out about volunteering opportunities
but will not give preferential considerations lo organisalions or projects providing such
opportunities.
The recipient charities should be able to demonstrate sound financial management. The
Trust does not look favourably on those charilies whose administration costs are
excessive in relation to the service they provide.
Man Group plc Charitable Trust 3

Trustaes. Annual Rgport Year to 31 December 2022
Achievements and performance
Review of the year
In 2022, the Trust ¢on¢enlrated ils grant-making activity on literacy, numeracy and
education programmes. We have continued to provide support that goes above and
beyond our financial contributions to those charities we have funded. Each charity is
assigned a lead Trustee who establishes a relationship and provides mentoring, supported
by the Group's employees, who provide pro bono advice and guidance as required. The
Group's employees have engaged in in-person and virtual events, fundraisers, training
sessions and board meetings for many of the charities the Trust supports.
Employoe participation
In addition lo ils grant-making aclivily, the Trust also encourages the Group's employees
to invest their lime and expertise in charfcable 8Ctivilies. The Trust will m81ch, up to an
agreed limit, charitable contributions that employees make lo any UK registered charity,
via the Trust's sponsorship matching and Give As You Earn schemes.
The Group's community volunteering programme, ManKind, allows ils employees an
additional two days paid leave per annum to volunteer either with a charity of their choice
or with one of the charities currently supported by the Trust.
Financial review and reserves policy
Results for the yeor
The results for the year can be found on pages 12 10 14 of this report and financial
statements.
During the year ended 31 December 2022, total income amounted to £379.60612021=
£3,094,254).
The Trustees made donations lo institutions lolalling £882,08912021'. £738,160) including
a donation of £150,00012021.. £136,899) to the Man US Charitable Foundation, a
philanthropic foundation established in the US in 2019 by Man Group plc. In addition, the
Trust incurred governan￿ costs of £4,20012021.' £5,100). The nel loss before other
recognised gains and losses for the year was £506,68312021'. nel income of £2,350,994).
The balance sheet shows total funds of £2,415,62412021.. £2,922,307) all of which are
unrestricted. The Trust had donation commitments of £200,000 as at 31 December 2022
12021.. £Nill (Note 91. The Trustees consider that the level of free resetves meets Ihe
Trust's reserves policy and they therefore consider free reserves lo be adequate bul not
excessive. The reserves total sustains and supports levels of donations from income,
which the Trustees would wish to maintsin over time.
Man Group plc Charitable Trust 4

Trustaes. Annual Rgport Year to 31 December 2022
Financial review and reserves policy Iconlinuedl
Rese￿eS policy
The Trustees seek to optimise the amount of charitable donations and forward
commitments paid during the year. The Trust's ultimate aim is to ensure reseNes remain
positive and therefore the Trustees ensure they lake a prudent approach when approving
charitable donations and forward commitments. Any incoming resources not paid out or
accumulated interest represents the reserves of the Trust. The Trustees review the
reserves policy of the Trust on an annual basis.
Ourplans ftir next year
The Trust will ulilise its reserves to continue its grant-giving programme and support to
employee engagement programmes over the next three years.
Our focus for 2023 is lo continue lo build on our grant-making support to education
programmes that support disadvantaged people to build the necessary vital life skills to
improve life chances and employment prospects. We will also continue to develop further
areas where the Group's employees can use their lime and skills lo add value in addition
to the financial assistance provided by the Trust through its grants. We plan lo continue to
engage with the Group in encouraging its employees to volunteer and make a positive and
meaningful contribution to the communities we are part of.
Governance. structure and management
Governance
Man Group plc Charitsble Trust is governed by a Trust Deed dated 11 January 1978. a
Deed of Amendment dated 5 July 2016, and resolutions of the Trustees pursuant to
section 280 of the Charities Act 2011 Ithe"Act"I dated 17 May 2021. The Trust is
registered under the Charities Act 2011, Charity Registration Number 275386.
The names of the Trustees who served during the year are sel out as part of the reference
and adminislralive information on page 2 of this Annual Report.
On appointment as a Trustee of the Trust, the Trustees are thoroughly briefed by the Trust
Secretsry on the history of the Trust, the day-lo-day management, the responsibilities of
the Trustees, the current objectives and future plans. The Trustees are also encouraged to
attend any courses which they feel are relevant to the development of their role, and to
keep up-lo-date on any changes in legislation.
The Trustees have complied with their duty in section 11 of the Charities Act 2011 to have
regard lo guidance published by the Charity Commission.
Man Group plc Charitable Trust

Trustaes. Annual Rgport Year to 31 December 2022
Governance. structure and management Icontinuedl
Organisational structure and decision making
The Trustees are ultimately responsible for the policies, activities and assets of the Trust.
They have periodic meetings at which policy matters are considered and individual
donations are decided upon, in addition lo ad hoc meetings to consider donations and
other matters as and when considered appropriate. The day-to-day management of the
Trust is the responsibility of the Trustees and other employees of the Group.
The Trust has a close relationship with Man Group plc, a Company registered in Jersey.
The Trust allocates the funding il receives from Man Group plc across the various charities
il supports Including the Man US Charitable Foundation, to which il allocates a portion of
ils annual budget. The Trust's activities are reported in the Man Group plc 2022 Annual
Report.
Details of tmnsaclions with Man Group plc and the Man US Charitable Foundation are set
out in Note 8 to the financial statements.
The Trustees who held office during the year and after the year end were as follows..
Trustèe
AppointedlResignèd
Lydia Bosworth
Steven Desmyter
Keith Haydon
Angus Jacobs
Teun Johnston
Abby King
Christopher Pyper
Carol Ward
Appointed 1 F8bru8ry 2022
Resigned 23 March 2022
Appointed 11 May 2022
Kgy managgment pgrsonngl
The Trustees are considered lo be the Trust's key management personnel as they have
authority and responsibility for planning, directing and controlling the Trust's activities.
None of the Trustees received remuneration in respect of their services as a Trustee
during the year12021.' Nill.
Man Group plc Charitable Trust 6

Trustaes. Annual Rgport Year to 31 December 2022
Governance. structure and management Icontinuedl
Risk management
The Trustees have assessed the major risks to which the Trust is exposed and are
satisfied systems and processes are in place to miligale exposure to these risks. Annually
the Trustees conduct a review of the risk register.
The principal risks which the Trustees managed during 2022 include..
The Trust does not employ dedicated staff, being managed by the TrLJStees and
supported by volunteer employees of the Group. Processes and procedures are in
place for assessing gffint applicants and for day-to-day management of the Trust.
The management model is reviewed and monitored on an ongoing basis lo
determine whether additional resourcing is required. The Trustees and Trust
Secretsry receive periodic legal and regulatory updates from independent
advisors.
Dependency on the Group for funding. Reserves of the Trust are maintained al a
healthy level. FoNard commitments are included in financial projections, with a
limited number and value of mulli-year grants being made.
Financial fraud and misappropriation of assets. All payments from the Trust's bank
account require two Trustee signalureslapprovals.
As the Trust is funded by Man Gmup plc, the longer-term success and sust8inabilily of the
Trust is dependent on that of the Group. The directors of Man Group plc believe that there
continues to be robust global demand for asset management firms, such as Man Group.
The Group's operating arrangements, including access lo capital and liquidity, are subject
to ongoing review by the Group's directors and senior management. This includes
assessment of company-specific factors and of the Group s medium-lerm financial plan
and capital and liquidity plan, which are built by aggregating the expected business
performance across the Group and indude rigorous downside scenario testing. The Group
continues lo have a strong cash and capital position, and its business typically has a go(Id
conversion of profits into cash flows, which helps protect the business in stressed
scenarios. Further detsils of the financial, liquidity and capital positions of the Group can
be found in the Group's 2022 Annual Report.
Signed on behalf of the Trustees..
Steven Desmyler, Chair
Approved by the Trustees on.. 3 October 2023
Man Group plc Charitable Trust 7

Trustgos. responsibilities statgmgnt Year lo 31 December 2022
The Trustees are responsible for preparing the Trustees, Report and financial ststemenls
in a¢cordan¢e with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally AC￿pIed Accounting Practice).
The law applicable lo charities in England and Wales requires the Iruslees to prepare
accounts for each financial year which give a true and fair view of the stale of affairs of the
Trust and of the income and expenditure of the Trust for that period. In preparing these
accounts, the Iruslees are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in Accounting and Reporting by Charities..
statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable to the
United Kingdom and Republic of Ireland IFRS 1021.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable United Kingdom Accounting Standards have been
followed, subject lo any material departures disclosed and explained in the
accounts,. and
prepare the accounts on the going concern basis unless il is inappropriate lo
presume that the Trust will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose wtth
reasonable accuracy at any time the financial position of the Trust and enable them lo
ensure that the financial slalemenls comply with the Charities Act 2011, applicable Charity
(Accounts and Reports} Regulations and the provisions of the Trust's trust deed. They are
also responsible for safeguarding the assets of the Trust and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the Trust and financial
information included on the Trust's website. Legislation in the United Kingdom goveming
the preparation and dissemination of accounts may differ from legislation in other
jurisdictions.
Signed on behalf of the Trustees..
Steven Desmyler, Chair
Approved by the Trustees on.. 3 October 2023
Man Group plc Charitable Trust 8

Independent Auditorfs Report to the Trustees of Man Group plc Charitable Trust 31 December 2022
Opinion
We have audited the financial statements of Man Group plc Charitable Trust I'lhe charity'l
for the year ended 31 December 2022 which comprise the Stslemenl of Financial Aclivilies,
the Balance Sheet, the Statement of Cash Flows and the related notes 110 9, including a
summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom A￿OUntIng Standards
(United Kingdom Generally Accepted Accounting Practice) induding FRS 102 'The
Financial Reporting standard applicable in the UK and Republic of Ireland"
In our opinion the financial stalemenls..
give a true and fair view of the slate of the charity's affairs as at 31 December 2022 and
of ils incoming resources and application of resources for the year then ended.,
have been propedy prepared 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 audit in accordance with Intemational Standards on Auditing IUKI IISAS
IUKII and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial ststemenls section of our report
below. We are independent of the charity in accordance with the ethical requirements that
are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these
requirements.
We believe that the audit eviden￿ we have obtained is sufficient and appropriate lo provide
a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slatemenls, we have conduded that the trustees, use of the going
oncern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubl on
the charity's ability to continue as a going concern for a period of 12 months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report. However, because not all future events or
conditions can be predicted, this statement is not a guarantee as to the charity's ability lo
continue as a going Concern.
Other infonnation
The other information comprises the information included in the annual report, other than
the financial statements and our auditor's report thereon. The trustees are responsible for
the other information contained in the annual report.
Our opinion on the financial statements does not cover the other information and we do not
express any fom of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misststemenls, we are required to determine
whether this gives rise to 8 material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of
the other information, we are required to report that fact.
Man Group plc Charitable Trust 9

Independent Auditorfs Report to the Trustees of Man Group plc Charitable Trust 31 December 2022
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts
and Reports} Regulations 2008 require us to report to you if, in our opinion..
the information given in the Trustees, Annual Report is inconsistent in any material
respect with the financial statements,. or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns.,
or
we have not re¢eived all the information and explanations we require for our audit.
Responsibilitles of trustees
As explained more fully in the tnjstees, responsibilities statement sel out on page 8, the
trustees are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, 8nd for such internal control as the trustees
determine is necessary to enable the preparation of financial statements that are free from
material misstslemenl, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's
ability to continue as a going concem, disclosing, as applicable, matters related lo going
concern and using the going concem basis of accounting unless management either intends
to liquidate the charity or lo cease operations, or has no realistic altemalive but lo do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report
in accordance with the Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to issue
an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will
always detect a material misstatement when il exists. Misstalemenls can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these
financial slatemenls.
Explanation as to what gxtgnt the audit was considorgd capablo of dgtecting
irregularitigs, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations.
We design prO￿dureS in line with our responsibilities, outlined above, lo detect
irregularities, including fraud. The risk of not delecling a material misstalemenl due to fraud
is higher than the risk of not detecting one resulting from error, as fraud may involve
deliberate concealment by, for example, forgery or intentional misrepresentations, or
through collusion. The exlenl lo which our procedures are capable of detecting irregularities,
including fraud is detailed below. However, the primary responsibility for the prevention and
detection of fraud rests with both those charged with governance of the enlily and
management.
We obtained an understanding of the legal and regulatory frameworks that are
applicable lo the charity and determined that the most significant are those that relate
lo the reporting framework, United Kingdom Generally Accepted Accounting Practice
including FRS 102 'The Financial Reporting standard applicable in the UK and
Republic of Ireland. the Trust Deed, the Charities Act 2011, Charities (Accounts and
Reports) Regulations 2008, Charity Commission for England and Wales (Charity
Commission) regulations and applicable laws in the United Kingdom.
Man Group plc Charitable Trust 10

Independent Auditorfs Report to the Trustees of Man Group plc Charitable Trust 31 December 2022
We understood how the charity is complying with those frameworks by making inquiries
of management and by seeking representation from those charged with governance.
We corroborated our understanding by reviewing trustees, meeting minutes and policy
and procedures manuals.
We assessed the susceptibility of the charity s financial statements to material
misslalemenl, including how fraud might occur by considering the risk of management
override and inquiries of management and those charged with govemance including
consideration of known or suspected instances of non-compliance with laws and
regulation or fraud. We also perfomed journal entry testing by specific risk criteria, with
a focus on joumals indicating large or unusual transactions based on our
understanding of the ch8rity.
Based on this understanding we designed our audit procedures to identify
noncompliance with such laws and regulations. Our procedures involved inquiries of
management and those charged with governance regarding any matters identified as a
Serious Incident as reportable lo the charity s regulator lo identify any instances of
potential non-compliance wrfch law and regulation or fraud, review of legal and
professional expenses and review of trustees, meeting minutes.
A further description of our responsibilities for the audit of the financial statements is located
on the Financial Reporting Council's website at
https.'Ilwww.frc.org.uklauditorsresponsibililies. This description forms part of our auditor's
report.
Use of our report
This report is made solely to the trustees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken
so that we might slate to the charity's Iruslees those matters we are required lo slate lo
them in an auditors, report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility lo anyone other than the charity and the charity's
trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
Do¢uSWd by..
F1F5C7Cl457￿ET
K8ith Wood
London, United Kingdom
5 October 2023
Ernst & Young LLP is eligible to act as an auditor in terms of section 1212 of the Companies
Act 2006.
Man Group plc Charitable Trust 11

Statement of financial activities Year lo 31 December 2022
Unrestricted funds
2022
2021
Notes
Ineom• and •xp•nditur•
Income from..
Donations
Total Income
379.60
379,606
3,094,254
3,094.254
Expanditur• on..
Charitable activities
Total 8XP8nditur8
886,289
886,289
743,260
743,260
Net mo¥8ment in funds
1506,6831 2,350,994
Reconciliation of funds..
Total funds brought forward
at Start of year
2.922,307
571,313
Total fLJnds carried forward
at end of year
2,415,624
2,922.307
All of the Trust's activities derived from continuing operations during the above two financial
periods.
All gains and losses recognised in the year are included in the above statement of financial
aclivilies.
There is no differen￿ between the net movement in funds as staled above and ils historic
cost equivalent.
The accompanying notes on pages 15 to 19 form an integral part of the financial
statements.
Man Group plc Charitable Trust 12

Balance sheet 31 December 2022
2022
2022
2021
2021
notes
Currènt assèts
Cash at bank
Accrued income
2,554,893
300,000
2.854,893
3,477,070
3,477,070
Current liabilities
Creditor5'. amounts falling dLJe
within one year
1439,2691
1554,7631
Net cUr￿￿t assets
2.415,624
2,922.307
Total net assets
2,415,624
2,922,307
The funds of the Charity:
Unreslrided income funds
2.415,624
2,922,307
The accompanying notes on pages 15 to 19 form an integral part of the financial
statements.
Approved by the Trustees
and signed on their behalf by..
Steven Desmyler, Chair
Approved on.. 3 October 2023
Man Group plc Charitable Trust 13

Statement of cash flows 31 December 2022
2022
2021
Notes
Cash flows from operating activities..
Net cash used in operating activities
A 1922,1771 2,605,643
Chang• In eash and cash •qulval•nts In th8 y•ar
1922,1771 2,605,643
Cash and eash •quivalènts at th• bèginning of th• yèar
B 3,477,070
871,427
Cash and cash equivalents at the end of the year
B 2,554.893
3,477,070
Notes to the statement of cash flows for the year to 31 December 2022
A Reconciliation of net movement in funds to net cash used in operating activities
2022
2021
Net movement in fund5 la5 P8r th8 Statement of financial activities) 1506,6831 2,350,994
Adjustments for-
Increase in debtors
ID8creas8)Tincreas8 in creditors
N•t cash lus•d inl I gènèratèd from op•rating aetiviti•s
1300,000
1115,4941
254,649
1922,1771 2,605,643
8 Analysis of cash and cash equivalents
2022
2021
Cash at bank
Total cash and cash equSvalents
2.554,893
2,554,893
3,477,070
3,477,070
The accompanying notes on pages 15 to 19 form an integral part of the financial
statements.
Man Group plc Charitable Trust 14

Notes to the Financial Statements 31 December 2022
1 Accounting policies
1.1.Bosis of accountiTng
The financial statements have been prepared under the historical cost convention with
items initially recognised al cost or transaction value unless otherwise staled in the
relevant accounting policy nolelsl.
The financial slatem8nls have been prepared in accordance with Accounting and
Reporting by Charities.. Ststemenl of Recommended Practice applicable lo charities
Preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP FRS 1021
issued in October 2019, Update Bulletin 1 issued on 2 February 2016, Update Bulletin
2 issued on 6 October 2018, the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Trust conslilules a public benefit enlily as defined by FRS 102 and is an
unincorporated charity.
The accounts are presented in sterling and are rounded to the nearest pound.
1.2 Critical accounting estimates and areas of judgement
The Trustees have determined that there are no significant areas of judgement or
accounting estimates that have a material impact on the financial statements.
1.3 Income recognition
Income is recognised in the period in which the Trust has entitlement lo the income.
the amount of income Can be measured reliably, and it is probable that the income will
be re￿ived. Income comprises donations and interest receivable. Deferred income is
recognised in the financial statements in the period in which it is earned.
Donations are recognised when the Trust has confirmation of both the amount and
settlement date. In the event of donations pledged but not received, the amount is
accrued for where the receipt is considered probable. In the event that a donation is
subject lo conditions that require a level of performance before the Trust is entitled to
the funds, the income is deferred and not recognised until either those conditions are
fully mel, or the fulfilmenl of those conditions is wholly within the control of the Trust,
and it is probable that those condrfcions will be fulfilled in the reporting period. Interest
receivable comprises interest on funds held on deposit. Interest is included when
re￿1vable and the amount can be measured reliably by the Trust., this is normally
upon notification of the interest paid or payable by the bank.
Man Group plc Charitable Trust 15

Notes to the Financial Statements 31 December 2022
Accounting policios Icontinuedl
1.4 Expenditure r8cognition
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive
obligation committing the Trust to make a payment lo a third paty, it is probable that
transfer of economic benefits will be required in settlement and the amount of the
obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Accruals are recognised in the
financial statements in the period in which they are incurred. Expenditure comprises
direct costs and support costs.
Donations payable comprise amounts payable in supporting charities and the cost of
administering the donation programme. Donations payable are included in the
statement of financial activities when approved and when the intended recipient has
either received the funds or been informed of the decision lo make the donation and
has satisfied all related conditions. Donations approved bul not paid al the end of the
financial year are accrued for. Donations for which the beneficiary has not been
informed or has to meet certain conditions before the donation is released are nol
accrued for but are noted as financial commitments in the notes to the financial
statements.
1.5 Allocation of support costs
Support costs represent indirect charitable expenditure and include govemance costs.
Governance costs comprise the costs involving the public accountability of the Trust
(including audit costs) and costs in respect lo its compliance with regulation and good
practi￿.
Support costs are allocated to the Trust's single charitable activity.
1.6. Unrestricted funds
The unrestricted funds represent funds available for the general charitable purposes of
the Trust at the discretion of the Trustees.
Man Group plc Charitable Trust 16

Notes to the Financial Statements 31 December 2022
Accounting poli¢ig$ Icontinuedl
1.7 Going concern
The Trustees have assessed whether the use of the going concem assumption is
appropriate in preparing these financial statements. The Trustees have made this
assessment in respect of th8 Period from the dal8 of approval of the financial
statements lo 31 October 2024.
The Trustees have reviewed the Trust's liquidity forecasts and are comfortable that
sufficient liquid resoU￿e$ exist to service all current liabilities. Cash at bank as at 31
December 2022 was £2,554,893, which provides 5.8 times cover on current liabilities
of £439,269. As sel out in Note 9, at 31 December 2022 the Trust had commitments to
pay donations of £200,000 in fLJture years, subject to the recipient charity meeting
certain conditions, and no further commitments.
The Trustees have concluded that there are no material uncertainties related to events
or conditions that may cast significant doubl on the abiltty of the Trust to continue as a
going concern.
1.8 Cash atbank
Cash al bank represents such accounts and instruments that are available on demand
or have a maturity of less than three months from the date of acquisition.
2 Charitsble expenditure
2022
2021
Charitable donab.ons
Employee sponsorship matching
Ernployee GAYE matching
831.001
24,538
26.550
882,089
4,200
886,289
702,784
9,026
26,350
738,160
5,100
743,260
Support wsts (Note 31
A list of the donations approved by the Trust during the year is included in the allached
Appendix.
In addition lo the amount included above, the Trustees may also authorise certain
donations for which the beneficiary has lo meet certain conditions before the donation is
released. The amounts aulhorised but not accrued for in these financial statements are set
out in Note 9.
Man Group plc Charitable Trust 17

Notes to the Financial Statements 31 December 2022
3 Support costs
2022
2021
Auditorfs remuneration laudit feel
Other professional fees
3,000
1.200
4,200
3,000
2,100
5,100
The Group provides the Trust with staffing free of charge. This support has not been
recognised in the financial statements because il has not been possible lo quantify the
value with reasonable accuracy. Other professional fees relate to work on amending the
Trust Deed.
Support costs are split equally between each category of donation payable within Note 2,
allocated in total to the Trust's single activity.
4 Employee costs and remuneration of key personnel
The Trust had no employees during the year12021'. Nill.
5 Trustees, expenses and remuneration
None of the Trustees received remuneration in respect of their setvices as a Trustee
during the year12021.. Nill.
6 Taxation
Man Group plc Charitable Trust is a registered charity and therefore is not liable lo income
tsx or corporation lax on income derived from ils charitsble aclivilies, as il falls within the
various exemptions under section 505 ICTA 1988.
7 Creditors- amounts falling due within one year
2022
2021
Accru815
Donations payable
6.200
433,069
439,269
6,000
548,763
554,763
Donations payable of £433,06912021'. £548,763) relate lo donations approved in advance
of year end bul paid in the following financial year.
Man Group plc Charitable Trust 18

Notes to the Financial Statements 31 December 2022
8 Ralatad party transadions
During the year 8nded 31 December 2022, the Trust was granted donations of £300,000
from Man Group plc12021'. £3,094,254). The Trust operates from the Group's offices in
the UK.
During the year ended 31 December 2022, the Trust made a donation of £150,000 to the
Man US Charitable Foundalion12021.' £136,899), a philanthropic foundation established in
the US in 2019 by Man Group plc.
9 Commitments
Donations for which the beneficiary has not been informed or has lo meet certain
conditions before the donation is released are not accrued for bul are noted as financial
commitments in the financial slalements. At 31 December 2022, the Trust had committed
to donate £100,000 per year in each of 2023 and 2024 to Redstart.
The Trust has no further commitments other than the settlement of those donations whi¢h
were approved in the year ended 31 December 2022 and which are included in current
liabilities at the balance sheet dale.
Man Group plc Charitable Trust 19

Appendix
Charitable donations for the year ended 31 December 2022
2022
Charitable donations
The Auditory Verbal Centre
City Gateway Limited
Discover Children's Story Centre
First Story Limited
Greenhouse Sports Limited
Man US Charitable Foundation
MyBnk
National Society for the Prevention of Cruelty to Children
Read Easy UK
Redstart
Refugee Education UK
Starlight Children's Foundation
The Brilliant Club
Tower Hamlets Educabon Business P8rtnership
XLP
50,000
50,000
40,000
40,000
45,500
150,000
50,000
40,000
50,000
100,000
50,000
40,125
50,000
30,376
45,000
831,001
Employ*• sponsorship matching
24,538
Employee Give A5 You Earn IGAYEI matching
26,550
Grand total
882,089
Man Group plc Charitable Trust 20