Man Group plc
Charitable Trust
Annual Report and Financlal
Statements
31 December 2024
Charbly Registration Numb
275388

Contènts
Reports
Reference and adminislralive information
Trustees, annual report
Trustees. responsibilitie5 Stalernent
Independent auditor's report
Financlal statements
Statement of financlal aclivifjes
13
Balance sheet
14
Statement of cash flows
15
Notes lo the finanaal slalements
16
App•ndix
Charitable donatlons
21
Man Group plc Chadtable Trust 1

Referttn￿ and administratlw Information
Trusttss
Lydia Bosworth (resigned 22 August 20241
Amanda Cowles
Steven Desmyler (Chairl
Keith Haydon {rèsigned 21 February 2025}
Angus Jacobs
Abby King
Christopher Pyper
Carol Ward (resigned 10 February 20241
Rachel Watars
Trust Secretary
Joshua Fudonger
Princlpal office
Riverbank House
2 Swan Lane
London
EC4R 3AD
Charity registration number
275386
Independent Audttors
Deloitte LLP
2 New Slr88t Square
London
EC4A 3BZ
Bankers
Lloyds Bank
Financial Institutions
10 Gresham Str8et
London
EC2V 7AE
Man Group pl¢ Charitable Trust 2

Trustees. Annual Report Year to 31 December 2024
Tha Trustees present their slalulory report with the financial statements of Man Group plc
Charitsble Trust (the 'Trusl'l for the year ended 31 December 2024.
The accounts have been prepared in accordance with the accounting policies set out on
pages 16 to 18 of the attached accounts and comply with the Trust's Trust Deed, tho
Charities Act 2011 and Accounting and Reporting by Charities.. Slalement of
Recommended Practi￿ I'SORP.) applicable to charilias preparing their accounts in
a¢¢ordance with the Financial Reporting Standard applicable in the Unitèd lfjngdom and
Rapublic of Ireland {FRS 102).
Objectivos and activities
Prin¢iTpal aims and"gbjectives
The Trust is a philanthropic trust funded by Man Group plc. The relationslilp between the
Tnjst and Man Group plc is described wthin 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 charrtable purws6S
as the Trustees may in their absolute di￿retIOn determine as prescribed in the Trust Deed.
Thè main activities undertaken in relation lo those purposès are described below under
'Grant making policy,.
When setting tho objectives and planning the work of the Trust for the year, the Trustaas
give careful consideratson lo the Charity Comlnission's general guidance on public benefit.
Grant makln9 policy
The Trust focuses on educatlon programmes that support disadvantaged people to build
the necessary vital life skills to Improve life chances and employm9nl prospects. The
interest and involvement of employees of Man Group plc and its subsidiarie5 Ilhe 'Group'l
is also considered. The Trust is intèrested in finding out about volunteering opportunitEs
bul will not give preferential considerations to or9anisalions or projects providing such
opportun((ies.
The recipl8nl ¢harilies should be able to demonstrate sound financlal management. The
Trust d￿S not look favOUrab￿ on those Chari￿e$ whose administration costs are excessive
in relation to the service they provide.
Th8 Trust prefers to concentrate its support on smaller charfties where its donations make
a material drfferenee and where it can work in partnership with charities that are less likely
to obtain support from the g8neral public. The Trust consders applications peThodically
throughout the year.
Man Group plc Charitable Trust 3

Trustees. Annual R¥port Year to 310g¢ember 2024
Achievements and perfomianca
Revlew of the year
In 2024, the Trust Con￿ntrated its granl-making 8¢t￿lty on lileraey, numeracy and
education programmes. We h8ve continued lo provide support that goes above and
beyond our financial contributions to those charTties we have funded. Each charity is
assigned a lead Trustee who establishes a relatlonship and provldes mentoring, sUPPOrted
by the Group's employees, who provide pro bono advice and guidance as required. The
Group'$ employees have éngaged in in-person and virtual events, fundraisefs and training
sesslons for many of the charities the Trust supports.
Employee participation
In addttion lo its grant-making aCt￿Tty, the Trust also provide5 PPPOrtunrties for the Group's
employees to invest Ih8ir time and expértise in charitable activities. The Trust will match,
up to an agreed limit, charitable contributions that employaes make lo any UK registered
charity. via the Trijsl's Sponsorship matching and Give As You Earn schemes.
The Group's communty volunteering programme. ManKind, allows its 8mployees an
additional days paid leave per annum to volunteer eithgr wilh a charity of their choice
or with one of ihe charities cu¥rently supported by the Trust.
Finan¢lal r8vl•w and resems policy
Results for the year
The results for tho year can be found on pages 13 to 15 of this report and financial
stalemenls.
During the yeaT ended 31 December 2024, total income amounted lo £333,792 12023..
£112,624). Income comprises donations received from the Group, which vary year on year.
The Trust m8de donations to institutions lolalling £964,759 12023.. £951.8351, in¢ludlng
donation of £150,000 12023". £150,0001 lo the Man US Charitable Foundation, a
philanthropic foundation establlshgd in the US in 2019 by Man Group plc.
In addllSon, the Trust incurrad govemance costs of £21,39012023.' £13,850). Governance
costs include audit fees and other professional fees (Note 41.
Th8 net loss before other recognised gains and losses for the year was £652,357 {2023-.
£853.0611.
The balance sheet shows total fund5 of £910,206 12023-. £1,562,563) all of which are
unreslricléd. The Trust had donation commttsnents of £50,000 as at 31 Decombor 2024
(2023.. £100.000) (Note 101. The Trustees consider that th8 level of free rèseNes meets
the Trust's reserves policy and they therefore consider free reserves lo be adequate bul
not excessive. The reserves total sustsins and supports levels of donations from incomè.
which the Trustees would wsh to maintain over time.
Man GTOUP plc Charilablo Trust 4

Trust•è5' Annual Report Yaar lo 31 December 2024
Financial revlwAY and reserves polley Iconlinuedl
Rgsgrves policy
The Trustees seek lo optimise the amount of charitable donations and forward
commitmènts paid during the year. The Trust's ultimate aim is to ensure reserves remain
positive and therefore the Trustees ensurg they take a prudent approach when approving
charitable donations and forward commitments. Charitable donalions and forward
commiimenls are only approved lo the extent they are covered by existing levels of
reserves. Thè Trust's govemance costs remain low as they are limitgd to ongoing
professional fees, primarily statutory audtt fees and oth8r ad hoc advice.
Any inwming resourcès not paid out or a￿UmUlated interest reprosents the reseryes of
the Trust. The Truslees review the resetves policy of the Trust on an annual basis.
Ourplans fornext yèar
Tho Trust will utilise its ieserves lo continuè ils grant%iving programme and suppK)rt to
8mployee engagement prograrnmes over the next three years.
Our focus for 2025 is to continue to build on our grant-making support to gdiJ¢alion
programmes that support disadvantaggd people to build the necessary vital life skills lo
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 to add value in addition to
the financial assistance provided by the Trust through its grants. We plan to continue to
engage with the Group in èncouraging its employees lo volunteèr and rnake a positiva and
maaningful contribution to the communities we are part of.
Gov•rnance. structuro and management
Govemance
The Trust is govemed 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 {the 'A¢t°I dated 17 May 2021. The Trust is règistered under Ihe Charities Act
2011, Charity Rogistration Numbar 275386.
The power lo appoint new TrLJStees rests solaly wth the existing Trustees. Man Group plc
has no authority to appolnl the Trustees and Is therefore not a related party of the Trust.
The names of tho Trustees who soN8d during the year are sgt out wlhin the refèrence and
administrativg information on page 2 of this Annual Report.
Th8 composition of the Trust is an ongoing ¢onsideration, mindful of the term limits binding
the Truslges. as well as their skills, experience and diversity in response to changing
neads of the Trust.
Man Group plc Charitable Trust 5

Trustg05' Annual Rèport Year to 31 December 2024
Governance, structure and management Icontinuedl
Governancè (continuedj
On appointment as a Trustee of th8 Trust, the Trustees a￿ thoroughly briefed by the Trust
Secratary on the history of the Trust, the day-Io-d3y management, the responsibilities of
the Trustees, the current objectives and future plans. The Trust8ès are also encouraged to
attend any courses which they feel are relevant to the development of their rol@, and lo
keep uptrpdate on any changes in legislation.
The Truslees have complièd with their duty in section 11 of th8 Charf￿es Act 201110 have
rÉg8rd to guidance publlshed by the Ch8rity Commi%slon.
Organlsalional structurè and decision making
The Trustees are ultimately responsible for the policiès, activities and assets of the TnJsl.
They havo perfodic meetings 8t which policy matters are considered and individual
donations 8re decided upon, In addition lo ad hoc meetings to consid8r donations and
other matters as and when considered appropriate. The day-to-day management of the
Trust is the responsibilty of the Trustees and other 8mployees of the Group.
The Trust allocates the funding it receives from Man Group plc, and any other ad hoc
donations it may receive from time lo lime. across the varioijs charities il supports. The
Trust's a¢tSvkies are also detsiled in the Man Group plc 2024 Annual Report.
The narne5 of the Trustees who Served during the year are set out within the referen￿ and
administrats've information on page 2 of this Annual Rewt.
Key managementyrsonnel
The Trustees aré considered lo be the Trust's key managèment personnel as they have
authority and r8sponsibility for planning, dirocling and controlling the Trust's activities.
None ol the Trustees received remuneration in r8spact of th8ir services as a Trustee
durfng the year12023- NIL).
Risk management
The Trustees have assessed the major risks lo which the Trust is exposed are
Satisfied systems and processes are In place to milKJate exposure to these risks. Annually
the Trustees conduct a r8view of the risk register.
The principal risks which the Trustees managed during 2024 include..
InsuffiC￿￿t ovgrsighl of Pro￿sseS and controls. Th8 Trust does not 8mploy
dedicated staff, being managed by the Trustees and supported by volunteer
employees of the Group. Processes and procedures are in place for assessing
grant applicants and for day-to-day management of the Trust. The management
model is reviewed and mDnilored on an ongoing basis to determine whether
additional resourcing is requir8d. The Trustees and Trust Secretary re¢elv8
periodic legal and regulatory updates from independent advisors.
Man Group plc Charitable Trust 6

Trustèès. Annual R•port Year to 31 De￿mber 2024
Governaneè, $tru¢ture and managèment Icontinuedl
Rlsk management (continued)
Dèpendency on the Group for funding. Reserves of the Trust are maintained at a
healthy level. Forward commitments are inclLJded in financial projections. with a
limited number and value of multi-year grants being made.
Financial fraLJd and misappropriation of assets. All p8yments from the Trust's bank
account require two Truslee signalureslapprovals.
As the Trust is funded by Man Group plc, the longer-lem success and suslainabilily of the
Trust is dependent on that of the Group. The dire¢lors of Man Group pl¢ believe that there
continues lo be robust global demand for asset management fimis, such as Man Group.
The Group's operating arrangements, including access lo capitsl 8nd liquidity, are subject
to ongoing review by the Group's directors and senior management. This includes
assessment of company-sp8¢ific factors and of the Group's medium-term financial plan
and capital and liquidity plan, which 8re built by aggregating the axpecled business
Performance across the Group and include rigorous downside scenario testing. The Group
continues to have a strong cash and capitsl position, and its business typically has a good
conversion of profits into cash flows. which helps protect the business in str8ssed
scenarios. Further details of the financial. liquidity and capital positions of the Group Can be
found in the Group's 2024 Annual Report.
Signed
n behalf of the Trustees..
Steven Desmyter, Chair
Approved by the Trustees on.. 25 June 2025
Man Group plc Charitsble Trust 7

Tru$t8es' responsibllltl•s statgmont Ygar to 31 December 2024
The Trustees ar8 responsible for preparing the Trustees, Report and th8 financsal
statements In accordance with applicable law and United Kingdom Accounting Standards
{Unitèd Kingdom Generally Accepted Accounting Pr8Cticel including FRS102 'Th8
Financial Reporting Standard applicabla in the UK and Republic of Irèland..
The law applicable lo ¢harVties in England and Wales rgquires the Iruslees to prepare
financial statements for each financlal year which giv8 2 true and fair view of the slate of
affairs of the charity and of the incoming resources and application of resources of the
charity for that period. In pr8paring these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consislenlly..
observe the methods and principles in the Charities.. SORP-
make judgements and eslim8tes that are reasonable and prudenl..
state whether applicable A¢counling Stsndards have been followed, subject to any
material departures dis¢losed and explained in the financial stalemenls., and
prepare the financial statements on the going concern basis unless it is
inappropriate to prgsume that the charity will continue in operation.
The Trust66s are responsib18 for keeping proper accounting reccsrds that disdose with
reasonable accuracy at any time the finan¢ial position of the charity and enable them to
ensur8 that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of th8 Trust's trust de8d.
They are 8150 responsible for safeguarding the assets of the charity and hence for taking
reasonable s19ps for the p￿VentIOn and detection of fraud and othgr irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial
information included on the charity's website. Legislation in the United Kingdom governing
the preparation and dissernination of financial ststemenls may drffer from legisl*lon in
otherjurisdiGtions.
Signed on beh8lf (rf the Truslee5'.
steven Dgsmyter, Chair
Approved by th¢ Trustees on.. 25 June 2025
Man Group plc Charitable Trust

In(lependent Audltorfs Report to the Tru$tgas of Man Group plc Charitable Trust 31 Decembèr 2024
Report on the Judlt of the finan¢lal statements
Opinion
In our opinion the financial statements of Man Group PIC Charitable Trust (the Trust'l..
give a true and fair view of the slate of the Trust's affairs as al 31 Qecember 2024
an(1 of its incoming resources and application of resources for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice, including Financial Reporting Standard 102 'The
Financial Reporbng Standard applicable in the UK and Republic of Ireland and
have been prepared in accordance with the Charities Act 2011 and the tnjst deed.
We have auditèd the financial slatamenls which comprise..
the statèment of financial activities.,
the balance sheet..
the statement of cash flows,. and
the Telated notes 1 10 10.
The financial reporting framework that has been applied in their preparation is applicable
law and Unitad Kingdom Accounting Standards, including Financi81 Reporting Standard 102
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" (Unrted
Kingdom Ggneralty Acceptad Accounting Praclicel.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS
{UK}l and applicable law. Our responsibilibes under those standards are further described in
the auditor's responsibilities for the audit of the financial statements section of our report.
We arè independent of the Trvsl in accordan¢8 with thg ethical requirements that ara
relevant to our audit of the financial statements in the UK, including the Financial Reporting
Council's (the 'FRC's') Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance wth these requirements. We believe that the audit evldence
we have obtained is sufficient and appropriate to provide 8 basis for our opinion.
Conclusions relating to going concgrn
In audib'ng the financial statements. we have concluded that the trustees. use of the going
concem basis of accounting in the preparation of the financial 51alemenls is appropriate.
Based on the work we have performed. we have not identified any material uncertainties
relating to events.or conditions that. indwidually or colledively, may cast significant doubt on
Trust's abilty lo continue as a going concem for a period of al least ￿1ve months from
when the financial statem9nts are authorisad for issue.
Our rasponsibilities and the responsibilth'es of the trustee5 with raspecl to going concem are
described in the relevant sections of this report.
Man GfOUP plc Charilabla Trust

Indopondent Auditor's Raport to the Trustws of Man Group plc Charitsble Trust 31 December 2024
otherlnformation
The other information comprises thè information included in the annual report, other than
the financial 31atements and our audvcoff s report IheTeon. The tru51ees are responsible for
the other information contained within the annual report. Our opinlon on the financial
statements does not cover the other infomatlon and we do not express any fomi of
assurance Conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistenl with the financial slalerHents or our knowledge
obtained in the course of the audit, or othenKise appears to be materially misstated. If wg
identify such material inconsistencies or apparent material misslalemgnts, we are reqLJired
to determine whethaf this gives rise to a materi81 misstatement in the linanrAal statements
themselves. If, based on the work we have perfomed, we conclude that there is a material
misstatement of this other information, we are requir8d to report that fact.
We have nothing to report in this regard.
Responsibilhles of lrnstees
As explained more fully in the trustees, responsibilities statement, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they
give a true and fair view, and for such inte¥nal control as the trusleos determine is
necèssary lo enable the preparation of flnancial slalements that are free from material
mlssiatemenl, whglh8r due to fraud or orror.
In p￿parIng the financial 51alements, the trustees are responsible for assessing the Trust's
abilty to conllnue as a going ¢oncem, disclu5ing, as applicable, maiters related to going
concem and Ljsing the going con￿rn basis of accounting unless the trustees eilh8r intend lo
liquidate the Trust or lo cease operations, or have no realistic altemative but lo do so.
Auditor's responsibilities for the audll ol the financl8lstatements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report
In accordance with tha Act and relev8nt regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whglher the finanryal statements
as a whole are free from material misslalement. whether due to fraud or error, and to issue
an audilovs report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will
a￿ayS dgtect a material misstatement when it exists. Misstatements can arise from fraud or
eTror and are considered material if, individually or in the aggr8gate, they ¢ould reasonab
be expected to influence th8 economic décisions of users taken on Ihg basis of these
financi81 statements.
A further descriptlon of our responsibilit¢es for the 8udit of the financial statements is located
on the FRC's website at.. www.frc.ory.ukjaudrtorsresponsibililies. This description forms part
of our auditor's report.
Man Group plc Charitsble Trust 10

Independent AudIt0￿¥ Report to th• Trustees of Man Group plc Charitable Trust 31 December 2024
Extent to whl¢h the audit was ¢onsidered capablè of detecting irregularit1è4
in¢luding fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations.
We design procedur9s in line wth our rosponsibilities, outlined above, to detect materlal
misslatemenls in respect of irregularities. including fraud. The axtenl to which our
procedures are capable of dotecling irregularities, including fraud is detailed bolow.
We cOnside￿d the nature of the Trust's industry and ils control environment, and reviewed
the Trust's documentation of their policies and procedures relating to fraud and compliance
with laws and regulations. Wè also enquired of management and the Irusteas about their
own idenllfi¢81ion and assessment of the risks of irregularities, including thosè that are
specnlc to the Tru51'5 business s&¢tor.
We obtained an understanding of the legal and ragulalory framework that the Trust operates
in. and identified the key laws and regulations that..
had a direct effect on the determination of material amounts and disclosures in the
finanelal stalemenls. These included Trust Deed. Charities Act 2011 and Chartties
(Accounts and Reports) Regulations 2008., and
do not have a direcl effect on Ihts financial slatemenls bul compliance with whlch
may be fundamental lo the Trust's ability to operate or to avoid a material penalty.
This included the Charity ComMiss￿n regulations.
We discussed among the audit 8ngagement team regarding the opportunitles and
incentives that may exist within the organisation for fraud and how and where fraud might
occur in the financial statements.
In common with all audlts under ISAS IUKI, we are also required to perform specific
procedures lo respond to the risk of management override. In addressing thè risk of fraud
through management override of Controls, we tested thè appropriateness of journal entries
and oth8r adjuslmenls,. assessgd whether the judgements made in making a¢¢ounb'ng
estimates a￿ indicative of a potèntial bias., and avaluatèd the business rationalg of any
significant transactions that are unusual or outside the nomal course of business.
In addition lo the above, our prO￿dureS to respond lo the risks idenlifie(l included the
following..
reviewng financial statement disdosures by testlng Its supporting doeumèntslion lo
assess compliance with provisions of relevant laws and regulations described as
having a direct effect on the financial slalements.,
perfoming analytical procedures lo identify any unusual or unaxpocted
relationships th81 may indicate risks of rnalerial misstatemènt due lo fraud,.
enquiring of management and in-house legal counsel concerning actual and
potential litigation and claims, and Instances of non-compliance Nkilh laws and
Tegulalions., and
reading minutes of meetings ofthose charged with govemance.
Man Group pl¢ Charitable Trust 11

Independent Auditor's Report to the Trustees of Man Group pl¢ Charltable Trust 31 Decernb8r 2024
Roport on other legal and regulatory requirements
Matter$ on which we 8re required to report by exception
Under the Charities (Accounts and Reports) Regulations 2008 we are required to report in
respect of the following matters if. in our opinion..
tho informats'on given in the financial statements is inconsislenl in any material
respect with the tru$lees' report, or
sufficient accounting records have not been kept-, or
the financial statements are not in agreement with the accounting rècords and
returns., or
we have not r8ceived all the infomiation and explanations we require for our audit.
We have nothing to report in respgct of these matters.
Use of our report
This report is made solely lo the Trust's Iruslees, as a body, in accordance urith Part 4 of the
Charities (Accounts and Reports) Regulab'ons 2008. Our audit WO￿ has been undertaken
so that we might state lo the Trust's trustees those matter5 we are required to state lo them
in an auditorfs report and for no other purpose. To the fullest extent permilled by law, we do
not accept or assume responsibility to anyone other than the Trust and the Trust's Iru5tees
as a body. for our audit work, for this report, or for the opinigns we have fom)ed.
Deloitte LLP
Statutory Auditor
London. Unrted Kingdom
25 June 2025
Deloittè LLP is eligible for appointment as auditor for the Trust by virtue of its eligibllity for
appointment as audit of a company undar section 1212 of the Companies Act 2006.
Man Group plc Charitablè Trust 12

Statement of financial act1v1t1￿ 31 December 2024
2024
2023
Notes
Incom8 and expendilurn
Income from:
Don8lions
88nk interest
Total income
324,850
8.942
333.792
112,624
112,624
Expènditure on:
Gharitable activitles
Tatal expenditure
986,149
986,149
965,685
965,685
Net movement In tunds
1652.3571
1853,0611
R•¢onciliation of funds=
Total funds brought forward
at start of year
Total funds carried forward
al end of year
1,562,563
2,415,624
910,206
1,562,563
All of the Trust's activiti85 derived from continuing operations durlng the above financial
periods.
All gains and losses recognised in thg year are includgd In the above statem8nt of financAal
actNities.
Ther& is no difference betwagn the net movement in funds as statad above and its historical
cost equivalent.
The accompanying notes on pages 16 to 20 frArm an integral part of the financial
stslements.
Man Group plc Charftable Trust 13

Balance sheet 31 December 2024
2024
2024
2023
2023
Notes
Current A55ets
Cash at bank
Investments
Accrued income
796,316
600,000
8,942
1,405,2S8
2,021.923
2.021,923
Current liabilitlOS
Cr8dttors'. amounts f811ing due
within one year
1495.0521
1459,3601
Net current assets
910.206
1,562,563
Total net assets
910,206
1,562,563
The funds of the chadty..
Unrestricted incoffle funds
910,206
1,562,563
The accompanying notes on pages 16 to 20 form an integral part of the financial
Statements.
Approved by the Trustees and signeLI on their behaff by..
Stèven Desmyter, Chair
Approved on: 25 Jun8 2025
Man Group plc Charitable Trust 14

Statement of cash flows 31 December 2024
2024
2023
Notes
Cash flow$ Irom oporating aclivltles=
Net cash usgd in operating actiwlies
625,607
532,970
Cash flows from investing activities-
Purchase ol inve$tm8nt5
600,000
Change In cash and ¢ash equivalents In the
year
11.225,6071
1532,9701
Cash and cash equrvalents at the beglnning
of the year
2,021,923
2,554,893
Cash and cash equivalents at the •nd of the
796,316
2.021,923
Notes to tho 8tatemgnt of cash fiows for the year to 31 December 2024
A Reconclllatlon of net movement in funds to ngt cash usod In operating actlvltles
2024
2023
Net movemènt In fund8
las pèr the 8tat8ment of financial aC￿vities)
Adlustsnents for.
Accrued income
Decr885e In debtors
IDecreaseyincre85e in creditors
1652,3571
1853.0611
18,9421
300,000
20,091
35,692
Net cash used In o
eratln
aetlvltle
625 607
532,970
B Analysls of cash and cash equlYal8nts
2024
2023
Cash at bank
Total cosh and cash equivalerrts
796.316
796,316
2.021.923
2,021,923
The accompanyng notes on pages 16 to 20 form an integral part of the financial
statements.
Man Group plc Charitable Trust 15

Notts to the Financial Ststements 31 December 2024
1 Accounting poli¢ies
1.1. 8asi$ oAaccounting
The financial statements have been prepared under the historical cost convention wth
items initially recognised at cost or transaction value unless otherwise statèd in the
relevant accounting pdicy notelsl.
The financlal statements have been prepared In accordance with Accounting and
Reporting by Charities.. Statemant of Recommended Practice applicable lo charities
preparing their accounts In accordance wlth the Financial Raporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP FRS 1021
issued in October 2019, Update Bulltslin 1 issued on 2 F8brLJary 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 Chafilies Act 2011.
The Trust constr(utes a publi¢ benefit entity as defined by FRS 102 and is an
unin¢orporated charity.
The accounts are presented in sleding and are rounded lo the nearest pound.
1.2 Crltical aGcountirt9 •Stimates and aréas ofjudgement
The Trustees are required lo make judgements, eslimales and assumptions about the
¢arrying amounts of assets and liabilitiès that are not readily apparent from other
sources. The estimates and assC￿lated assumptions are bastrd on historical
experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
Rgvisions to accounung estimates are r8¢ognised in the pèriod in which the estimate
is rèvised il the revision affects only that period, or in the period of the revislon and
future periods if the rovison affects both current and future periods.
The Trustèès have determinèd that there are no significant areas of judgement or
accounting esllmates that have a material impact on the financial sla19ments.
1.3 Income recognition
Income is recognised in the period in whkch the Trust has entf(lement to the income,
the amount of income can be measurèd reliably, and it is probable that the income will
be received. Ineome comprises donations. Deferred income is recognisad in the
ftnancial statements in the pericxj in which It is earned.
Man Group pl¢ Charitable Trust 16

Not¢$ to the Financlal Statements 31 December 2024
l Accountlng poll¢l¢$ Icontinuedl
1.3 Income recognition (contirtuèd)
Donali(>ns are recognised when the Trust has confirmation of both the amount and
settl6ment dale. In the avènl of donations pledged but not received, the amount is
accrued for where the receipt is considered probab￿. In thè event that a donation is
subjact lo conditions that require a level of perfomian¢e before the Trust is entitled to
the funds, the income is deferrèd and not recognised until either those conditions arg
fully met, or the fulfilment of those conditions is wholly within the control of the Trust.
and il is probable that those conditions will be fulfilled in the reporting period.
1.4 Expenditure recognltlon
Liabilities are recognised as expenditure as soon as Ih9re is a legal or conslwclive
obligation committing the Trust lo make a payment to a third party, il is probablè that a
transfèr of economic benafits wlll be required in seltlgment and the amount of the
obligation ¢8n be measured reliably.
AFI expenditure is accounted for on an a¢cruals basis. Accruals are recognisèd in the
financial statements in the perTod in which they are incurred. ExpandSturg eompri5es
direct costs and support costs.
Donations payable comprise amounts payable in supporting Charities and the cost of
administering tha donation programme. The Trust focuses on education programmes
that support disadvantsged people to build the necessary vital life skills lo improve life
¢hances and employmerrt prospects. Donations payable are included in the 51alement
of financial activiti8s when approved and when the intended reciplenl has either
r8ceived the fvnds or been informed of the decision lo make the donation and has
satisfied all related conditions. Donations approved bul not paid at the end of the
financial year are accruad for. Donations for which the benefioary has not been
informed or has lo meet certain conditions before the donats'on is released are not
accruèd for bul are not￿ as financial Commitments in the notes to the finan¢lal
stat6menls.
1.5 Allocation of support costs
Support costs represonl indirect charitabl8 8xpendilure and include gOV¢man￿ costs.
Governance costs comprise the costs involving the public accountability of the Trust
{including audit costs} an¢J costs in respect to Its compliance with regulation and good
practice.
Support costs are allocated lo the Trust's single charitable activity.
1.6. Unrestricted funds
The unrestricted fLJnds represent funds available for the general Char￿able purposes of
the Trust at the discr81ion of the Trustees.
Man Group plc Charftablg Trust 17

Noto$ to th• Financial Statements 31 De¢ember 2024
1 Accounting policies Icontinuod)
1.7 Going concern
Aftèr making reasonable enquides the Trustees have condud8d that there is a
reasonable expectation that the Trust will have adequate resouros lo continue in
operational existence for a pariod of at least twelve ￿OnthS from the date of approval
of the financial ststémenls. Accordingly, the fjnancial sta16ments have been prepared
on a going concern basis.
1.8 Cash at bank
Cash al bank represents such accounts and Instruments that are available on demand
or have a maturity of lèss than three months from the date of acqulsition.
2 Donation In¢om•
2024
2023
Man Group plc
Other donations
324,850
72,624
40.000
112,624
324.850
3 Charltabl& expenditure
2024
2023
Charitable donations
Employee sponsorship matching
Employee GAYE matching
912,512
24,947
27.300
964,759
21,390
986,149
897,010
25.825
29.000
951,835
13,850
965,685
Support costs (note 41
A list of the donations approved by the Trust during the year is included in the attached
Appendix.
The employee sponsorship and GAYE matching amounts relate to employees of Man
Group plc, as the Trust does not have any employe&s ()f Its own.
In addition to the amount included above, the Trustees may also authorise certain
donations for whlch the beneficiary has lo meet certain conditions before the donation is
released. The amounts aulhorised but not accrued for in these financial statements are sel
out in Note 10.
hAan Group plc Charitable Trust 18

Notas to the Financlal Stst•ments 31 OeeembeT 2024
4 Support costs
2024
2023
Auditols remuneration - auditing of the Trusts financial
statements
Other professional fees
19,390
2.000
21,390
13,850
13,850
The Group provldes the Trust with staffing free of charge. This support has not been
recognised in the financial stateTnents because it has not been possible to quantify the
value with reasonable accuracy. Other professional fees relate to work on revlewing the
Trust investment policy.
Support costs ar8 split equally between each Gategory of donation payable wlthin Note 3,
allocated in total to the Trust's single a¢ti¥ty.
5 Employee costs and remun¥r¥tion of key personnel
The Trust had no employees during the y9ar12023-. NIL}.
6 Tru5te•s' expenses and remuneration
None of the Trustees received remuneration in respect of their services as a Trustee
during tha year (2023.. NIL).
7 Taxation
Man Group plc Ch8ritable Trust is a registered charfty and therefore is not liable to income
tax or corporation tax on income derNed from its charitable a¢livities, as it falls Within the
various exemptions under section 505 ICT A 1988.
8 Investmonts
Current asset invtsstm8nts comprisè cash on deposit with a six-month maturity. As at 31
December 2024, the Trust held a deposit of £600,QOO {2023.. £NILI with a matur.ty date of
4 March 2025.
Man Group plc Charitable Trust 19

Noto8 to thè Financial Statements 31 December 2024
9 Creditors.. amounts falling du• wlthin ong yaar
2024
2023
Accruals
Donations payable
35,240
459,812
495,052
13,850
445,510
459,360
Donations payable of £459.812 {2023.. £445.510) relate to donations approved In advan
of year end paid in Ihg followlng fjnancial year.
10 Commitments
Donations for which the beneficiary has not been infomied or has lo meal certain
conditions before the donation Is released are not accrued for bul are noted as financial
commitments in the financial statements. Al 31 December 2024, the Tnjst had committed
to donate £50,000 in 2025 to Hibiscus12023.' tha Trnst had commiited to donate £100,000
in 2024 to Redstart).
The Trust has no fvrther commilmanls othèr than the settl&menl of those donations which
were approved in the year 6nded 31 Decgmber 2024 and which are included in current
liabilities al the balance sheet date.
2024
2023
At 1 January
Utilisation {RedStsrt funding)
Addition$ IHibis¢us funding)
At 31 December
loo,000
Iqoo,0001
50.000
50,000
200.000
1100,0001
100,000
Man Group plc Charitable Trust 20

Appendix
Charltable donations for the year ended 31 Deeember 2024
2024
2023
Charitable donations
The AuditDry Verbal Gentre
Cty Gateway Limited
Discover Children's Story Centre
FiTSt story Limrted
Greenhouse Sports Limf(ad
Hibiscus
Man US GhaTf(able Foundation
MyBnk
National Society for the Prevention of Cruelty to Childreii
Read Easy UK
Redstart
Refugee Education UK
Starlight Children's Foundation
The Brilliant Club
The Swtch
XLP
100.000
50,000
50.000
40,000
40,000
45,500
50,000
150,000
50.000
40,000
50,000
100,000
so,000
50.000
50,000
31,510
50,000
897,010
50,000
40,000
50,155
SO.005
150.000
so,000
40,000
so,000
100,000
50.000
so,000
so,000
32,352
50,000
912.512
Employe¢ spon$ovship matchlng
24,947
25,825
Employeè Give As You Eam {GAYEI matching
27,300
29,000
964,759
951.835
Grand totsl
Man Group pl¢ Charitable Tnjst 21