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← Rhys Daniels Trust

2025-03-31-accounts

Charity number: 1036041

RHYS DANIELS TRUST

Unaudited

Trustees' report and financial statements

For the year ended 31 March 2025

RHYS DANIELS TRUST

Contents

Page
Reference and administrative details ofthe Charity, its Trustees and advisers 1
Trustees’ report 2-4
Trustees’ responsibilities statement 5
Independent examiner's report 6
Statement offinancial activities 7
Balance sheet 8
Notestothefinancialstatements 9-19

RHYS DANIELS TRUST

Reference and administrative details of the Charity, its Trustees and advisers For the year ended 31 March 2025

Trustees Stephen Corner, Chair
Carolyn Daniels
Aidan Patrick Mahoney
Charity registered
number 1036041
Principal office Brickfield House
High Road
Thornwood
Epping
Essex
CM16 6TH
Accountants Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E1 6RA
Bankers Barclays Bank Plc
737 Barking Road
London
E13 9PL
Founding Patron HRH The Duchess of Kent
Founders Barry Daniels
Carmen Daniels
Independent Examiner Lucy Hammond BSc FCA
Kreston Reeves LLP
2nd Floor
168 Shoreditch High Street
London
E16RA

Page 1

RHYS DANIELS TRUST

Trustees’ report

For the year ended 31 March 2025

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2024 to 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'

Barry and Carmen Daniels co-founded the Trust following their family's experiences with their son Rhys, who was treated at the Royal Hospital for Sick Children in Bristol.

The aim of the Trust is to provide ‘home from home’ care in support of major hospitals across the UK as a perfect environment for children and their families at such a stressful time.

These 'homes from home’ are available to all parents of children that have been admitted to the hospital to which they are attached. They tend to be used by families that have children who have been admitted for long term care and whose normal residential accommodation is some distance from the hospital.

Although fundraising continues, the days of the large fundraising events are over. In order to sustain the provision of 'homes from home’, the Trustees have withdrawn some properties from direct use as homes from home and are renting them commercially. This has the dual effect of reducing overheads and producing income to support the remaining ‘homes from home’ without eating into the capital base of the Trust.

b. Activities undertaken to achieve objectives

The Trust has continued its smailer fundraising activities as in previous years.

The Trust has also undertaken maintenance of the existing ‘homes from home' properties.

Achievements and performance

a. Key performance indicators

The key performance indicators for the Trustees are the stability of the Trust's financial position and the continued provision of ‘homes from home’ as a valuable resource for their users.

In this regard, the Trustees consider that the position of the Trust has remained consistent in the period and stabilised and indeed, that the Trust has continued to have some success in fundraising without running marquee events is encouraging.

b. Review of activities

During the year occupation levels in all our Homes from Home, other than Bristol (where there have been some changes in hospital provision), remained high despite the Trustees having to temporarily remove some homes from use for repair and updating.

Page 2

RHYS DANIELS TRUST

Trustees’ report (continued)

For the year ended 31 March 2025

Achievements and performance (continued)

c. Investment policy and performance

The Trustees have considered the most appropriate policy for investing surplus cash funds and have found high interest bank accounts meet their requirements to generate income. The Trustees consider the return on the deposits, at 0.01% (2024: 0.01%) for instant access to be in line with market conditions.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or representing the value of fixed assets (free reserves) held by the Trust should be 6-12 months of resources expended, which equates to £60,000 to £120,000 in general funds. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding.

At the year end, total funds were £2,094,923 (2024: £2,155,700) of which £1,851,444 (2024: £1,886,528) related to the net book value of property, resulting in free reserves of £243,479 (2024: £269,172).

Structure, governance and management

a. Constitution

Rhys Daniels Trust is a registered charity, number 1036041, and is constituted under a Trust deed dated 31 March 1994 and Deed of variation dated 11 February 1998.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The Trust is run by the Trustees who make all the decisions concerning the investment of the Trust's funds, based upon relevant professional advice. The day to day running is undertaken by staff employed by the Trust.

d. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 3

RHYS DANIELS TRUST

Trustees’ report (continued) For the year ended 31 March 2025

Plans for future periods

For over twenty years the charity undertook significant fundraising activities. Funds raised have been used to acquire ‘homes from home’, to provide the maintenance and running costs of the Homes so that they are free to those that use them, and also the administration of the Charity including the Charity's staff.

Given that the Charity does not charge families for the use of ‘homes from home’, it has to fund all the running costs of the Homes as well as the administration of the Charity. The Charity is now located in a small office and has one part time staff member. Fundraising continues to be essential to the future of the Charity but the big events of the past will not be held any longer as the Trustees look to a more community based fundraising effort.

The decision made early in the Charity's life to buy property that could be easily sold in the future or returned to original use, rather than building bespoke units, is now reaping a significant reward. Currently four properties have been returned to the private rental market in order to produce income for the Charity to fund the running of the other homes. Renting property in this way makes the Charity and its charitable purpose sustainable, albeit at a reduced level for the long term.

After the year end, the Trustees made the decision to sell one of the properties, 5 Saville Mews, and it's currently available for sale.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Stephen Corner, Chair (Chair of Trustees) Date: ib Javvuaty loro

Page 4

RHYS DANIELS TRUST

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

Stephen Corner, Chair (Chair of Trustees) Date: 16 JAyvANy Lote

Page 5

RHYS DANIELS TRUST

Independent examiner's report For the year ended 31 March 2025

Independent examiner's report to the Trustees of Rhys Daniels Trust (‘the Charity’)

| report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the Charity's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed:. LAA Cree©\ Dated: Lucy Hammond BSc FCA Kreston Reeves LLP 2nd Floor 168 Shoreditch High Street London E16RA

Page 6

RHYS DANIELS TRUST

Statement of financial activities For the year ended 31 March 2025

Unrestricted Total Total
funds funds funds
2025 2025 2024
Note £ £ £
Income from:
Donations and legacies 2 8,704 8,704 17,865
Charitable activities 3 2,963 2,963 -
Othertrading activities 4 36 36 -
Investments 5 61,290 61,290 65,073
Total income 72,993 72,993 82,938
Expenditure on:
Raising funds 6 395 395 50
Charitable activities 7 133,375 133,375 130,721
Total expenditure 133,770 133,770 130,771
Netmovement in funds (60,777) (60,777) (47,833)
Reconciliation offunds:
Total funds brought forward 2,155,700 2,155,700 2,203,533
Netmovement in funds (60,777) (60,777) (47,833)
Totalfundscarriedforward 2,094,923 2,094,923 2,155,700

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 19 form part of these financial statements.

Page 7

RHYS DANIELS TRUST

Balance sheet As at 31 March 2025

----- Start of picture text -----
2025 2024
Note £ £
Fixed assets
Tangible assets 12 1,141,869 1,176,953
Investment property 13 709,575 709,575
1,851,444 1,886,528
Current assets
Debtors 14 2,762 2,688
Cash at bank and in hand 245,656 273,025
248,418 275,713
Current liabilities
Creditors: amounts falling due within one
year 15 (4,939) (6,541)
Net current assets 243,479 269,172
Total net assets 2,094,923 2,155,700
Charity funds
Restricted funds 16 - -
Unrestricted funds 16 2,094,923 2,155,700
Total funds 2,094,923 2,155,700
----- End of picture text -----

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Stephen Corner, Chair (Trustee) Date: Ib Save Lee,

The notes on pages 9 to 19 form part of these financial statements.

Page 8

RHYS DANIELS TRUST

Notes to the financial statements For the year ended 31 March 2025

  1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Rhys Daniels Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in sterling which is the functional currency of the Trust and are rounded to the nearest £.

1.2 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Page 9

RHYS DANIELS TRUST

Notes to the financial statements For the year ended 31 March 2025

1. Accounting policies (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on raising funds are those incurred in seeking donations and legacies and do not include the costs of disseminating information in support of the charitable activities. It also includes the costs incurred in trading activities that raise funds. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management costs. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 10

RHYS DANIELS TRUST

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

1.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property - 2% straight line Fixtures and fittings - 20% straight line

Freehold properties are carried at cost, net of depreciation and any provision for impairment.

Investment properties are initially recognised at cost and subsequently carried at fair value determined by independent professional valuers on the highest and best use basis. Changes in fair values are recognised in the statement of financial activities.

On disposal of an investment property, the difference between the disposal proceeds and the carry amount is recognised in the statement of financial activities.

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

1.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 11

RHYS DANIELS TRUST

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

2. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Donations 8,704 8,704 17,865
Total 2024 17,865 17,865
3. Income from charitable activities
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Tickets 2,963 2,963 -
4, Incomefrom other trading activities
Incomefrom fundraising events
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
MiscellaneousIncome 36 36 -

Page 12

RHYS DANIELS TRUST

Notes to the financial statements For the year ended 31 March 2025

5. Investment income

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Rental income 57,465 57,465 61,775
Bank interest received 3,825 3,825 3,298
61,290 61,290 65,073
Total2024 65,073 65,073
  1. Expenditure on raising funds

Fundraising trading expenses

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Raising funds 395 395 50
Total2024 50 50

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds Total Total
2025 2025 2024
£ £ £
Provision ofaccomodation 133,375 133,375 130,721
Total2024 130,721 130,721

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RHYS DANIELS TRUST

Notes to the financial statements For the year ended 31 March 2025

8. Analysis of expenditure by activities

Activities
undertaken
directly		 Support
costs		 Total
funds		 Total
funds
2025 2025 2025 2024
£ £ £ £
Provision ofaccomodation 87,517 45,858 133,375 130,721
Total2024 85,375 45,346 130,721

Analysis of direct costs

Provision of
accommodation		 Total
funds		 Total
funds
2025 2025 2024
£ £ £
Depreciation 35,085 35,085 35,085
Provision ofaccomodation 52,432 52,432 50,290
87,517 87,517 85,375
Total2024 85,375 85,375

Page 14

RHYS DANIELS TRUST

Notes to the financial statements

For the year ended 31 March 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Provision of
accommodation		 Total
funds		 Total
funds
2025 2025 2024
£ £ £
Staff costs 27,499 27,499 26,185
Rent - LSH - - 4,800
Rent - Rapid SelfStorage 5,400 5,400 -
Insurance 2,682 2,682 2,273
Telephone and fax 579 579 597
Sundry 131 131 74
Travel and subsistence 243 243 526
Bank charges 31 31 33
Printing and stationery 33 33 112
Postage - - 3
Computer costs 60 60 233
Accounting fees 5,000 5,000 5,000
Independent examiners fee 4,200 4,200 5,500
Other interest - - 10
45,858 45,858 45,346
Total 2024 45,346 45,346
9, Independent examiner's remuneration
2025 2024
£ £
Fees payable tothe Charity's independent examiner forthe the independent
examination ofthe Charity’s annual accounts 4,200 5,500
10. Staff costs
2025 2024
£ £
Wages and salaries 26,880 25,604
Contribution to defined contribution pension schemes 619 581
27,499 26,185

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RHYS DANIELS TRUST

Notes to the financial statements For the year ended 31 March 2025

10. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Administration and fund raising 1 1

No employee received remuneration amounting to more than £60,000 in either year.

11. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - ENIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

12. Tangible fixed assets

Freehold Fixtures and
property fittings Total
£ £ £
Cost orvaluation
At 1 April 2024 1,745,150 23,106 1,768,256
At 31 March 2025 1,745,150 23,106 1,768,256
Depreciation
At 1 April 2024 568,565 22,738 591,303
Charge forthe year 34,903 181 35,084
At 31 March 2025 603,468 22,919 626,387
Net book value
At 31 March 2025 1,141,682 187 1,141,869
At31March2024 1,176,585 368 1,176,953

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RHYS DANIELS TRUST

Notes to the financial statements For the year ended 31 March 2025

13. Investment property

Freehold
investment
property
£
Valuation
At 1 April 2024 709,575
At31March2025 709,575

The 2025 valuations were made by the Trustees on an open market value for existing use basis.

14. Debtors

2025 2024
£ £
Due within one year
Other debtors 800 800
Prepayments and accrued income 1,962 1,888
2,762 2,688

15. Creditors: Amounts falling due within one year

2025 2024
£ £
Other taxation and social security 421 825
Pension payable 121 113
Other creditors 4,397 5,603
4,939 6,541

Page 17

RHYS DANIELS TRUST

Notes to the financial statements

For the year ended 31 March 2025

16. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 31 March
April 2024 Income Expenditure 2025
£ £ £ £
Unrestricted funds
General Funds 2,155,700 72,993 (133,770) 2,094,923
Statementoffunds- prioryear
Balance at
Balance at 31 March
1 April 2023 Income Expenditure 2024
£ £ £ £
Unrestricted funds
GeneralFunds 2,203,533 82,938 (130,771) 2,155,700

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted Total
funds funds
2025 2025
£ £
Tangible fixed assets 1,141,869 1,141,869
Investment property 709,575 709,575
Current assets 248,418 248,418
Creditors due within one year (4,939) (4,939)
Total 2,094,923 2,094,923

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RHYS DANIELS TRUST

Notes to the financial statements

For the year ended 31 March 2025

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Analysis of net assetsassets between funds- prior yearyear
Unrestricted Total
funds funds
2024 2024
£ £
Tangible fixed assets 1,176,953 1,176,953
Investment property 709,575 709,575
Current assets 275,713 275,713
Creditors due within one year (6,541) (6,541)
Total 2,155,700 2,155,700

18. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an dependently administered fund. The pension cost represents contribution payable by the charity to the fund and amounted to £619 (2024 : £581). Contributions totalling £121 (2024 : £113) were payable to the fund at the balance sheet date and are included in creditors.

19. Related party transactions

Donated services with an estimated value of £5,000 (2024 : £5,000) were received from a firm of which Mr S. Corner is a partner and this is included in both donations received and expenses.

RDT Property Holdings Limited is a related party as it is a custodian trustee of Rhys Daniels Trusts. It currently holds the legal title of one leasehold property included within Tangible Fixed Assets. A Declaration of Trust acknowledges that the property is held on trust for Rhys Daniels Trust absolutely.

20. Post balance sheet events

After the year end, the Trustees made the decision to sell one of the properties, 5 Saville Mews, and it's currently available for sale.

21. Controlling party

The Charity is controlled by its Trustees.

Page 19