THE R J AND A H DANIELS CHARITABLETRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE R J AND A H DANIELS CHARITABLE TRUST
CONTENTS
Page
Trustee'8 Rèport
Independent Examinerfs Report
Statèment of Financial Activit￿S
Balance Sheet
Notes to the financAal statements
7-11
Investment Schedule
12-19

THE R J AND A H DANIELS CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustee presents thèir annual report and finan(#al statemen15 of the charity for the year ended 31
December 2022. The financial statements have been prepared in accordance with the accounting policios sel
out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicab￿ to charities prèparing
their finanual statements in a¢¢ordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in Oclober 2019.
Légal and Admirtlstrativg Inf0m￿tion
Constitution
The R J & A H Daniels Charitab18 Trust is a règistered charity
govemed by a Settlement Deed dated 29 December 1994
Charity Nvmbw: 1050703
R•gl$tsr•d Offl¢e
The Administrator
One Bank Str8&t. Canary Wharf. London E14 4SG
Bankers and Investmant Managern
SG Kleinwort Hambros Bank Limf(ed
One Bank Street. Canary Wharf. London E14 4SG
Independent Examingrs
Couch Bright King & Co
2 Tolherst Court. Turkey Mill Buisness Parf(, Ashford Road, Maldstone.
Kent ME14 5SF
Tru8tet
SG Kleinwort Hambros Trust Company IUKI Limited
Objects of tho Charity
The objects of the charity are to pay or aP￿Y the capital or income of Ihe Trust Fund for such ch8rilable
purposes, and in such prcportic￿s that the Trustee shall Ihii)k fil. No fundralslng is underiaken to support the
work of the charity.
Gvant making policy
The Trustee's current policy Ss to consider all written appeals r8c&ived. but succe8sful applications are
notified of the Trustee's deusion. Donations are decided periodically.
Appointment of Trustso and Charfty Organisation
The charity is managed by the Trustee who is appointed under the lernis of the Trust Deed, wlh daily
administration being dealt with by fhe Corporate Trustee, SG Kleinwort Hambros Trust Company IUK)
Limited. No lundraising is undertaken to support the work of the charity.
Flnanclal revlew and investment policy and perfom)anc8
The financial statements cover all the activrties of thè charity and have been wepared on an accruèls basis.
They are presented in a fomiat that reflects the split of funds between income lunrestriciedl and Ca￿'tal
(expendable endowmentl. The financial 31alements show a balan￿ of unspent unrestricted funds of
£180,489.74 12021.. £201,683.61}'. this is derived frorn income from Stock Market investments and cash
dgposits.

THE R J AND A H DANIELS CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE Y&4R ENDED 31 DECEMBER 2022
Incoming resources totalled £150,806.13 12021.. £30,388.48>. £172,000.00 {2021-. £nill was commltted to
charitable donations. and lolal admbnistrallon expenses lotalled £69,135.89 12021.. £15,745.94). An
expendable endowment of £5,565.208.39 was donated from A H Daniels Estale during the year ended 31st
December 2021.
Under the Trust Deed. there are no rèslrictions on the charity's power to invest. The overall investment policy
15 to achieve long term capital gro¥Mh in real terms, whilst providing an income weld broadly in line with or
above that of the UK equity market.
Rèview of the activities and future developments
The Trustee is satisfi8d wilh the financial p05itson of the charity and confirm thal they have adequate assets
available to fulfil their obligations. Thèie are no plans to alter ihe charitls activities next year.
charit￿5 publlc benefit
The Trustee has ensured that all activities throughout the period have been for the public benefit. Thls is
evidenced by Ihe contributions made to charitie5 totalling £172.000.0012021'. £nill.
The Trustee conffirms that they have referred lo the guidance contained in the ChaTty CoThmi551Dn's general
guidance on public benelil when reviewing the charity's aims and objective5 arhd in planning future activrties.
Reserves policy and risk management
The Trustee 8irns to maintain free reserves in unrestricted funds at 8 level which equates to approximately
three months of unrestTlCted Charitable expenditure. The Trustee consideFS that this level will provide
sufficient funds to respond to applications for granls and ensure that the support and governance costs are
covered. The Trustee considers that a level of three monihs is sufficient given the flexibility afforded by the
total felurn approach towards the investment of the peimanent endowment which allows the Trustee to
transfer amounts from the unapplied total element of the endowment fund in the case of urgent need. The
balance held a5 unrestricted funds at 31 December 2022 wa5 £180.489.74 whith 15 regarded as free
reserves. The current level of resetves is therefore higher than is needed and this will be adjusted by reducing
the arnount Irom the unapplied lotal return in 2023. 11 is the Truslee's intention lo maintain an unTe51ricted
fund appropriate to expected levels of annual donations, together with a small cash balance irf income, partly
to offset 3ny fluctuation in investments incom8 in luture periods and to &nable them to continue with their
policy of responding quickly to appeals for significant support where appTopriale. the timing of which is
unpredictable.
The Truste8 has considered what risks the chaflty faces and believe these to be fraud or poor investrnent
perfomiance. Adequate systems are in place to mitigate fraud and investment perfomiance is regulady
monitored.
Trustee's respon51blllties in relation to the financial statements
The ¢h8rty Tnjslee is responsible for preparing a Trustee's annual report and ffinancial sl8lements in
a¢eordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).

THE R J AND A H DANIELS CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The law appllcable lo charitles IT7 England and Wales requiie5 the charty Trustee lo prepare financial
statements for each year which give a tiue ai)d fair wew of the stale of affair5 of the charity and ol tho
incoming resour¢es and 8pplication of resources, of the charity for that period. In preparing the financial
statements, the Trustee is required to..
select suitable accounting polic4es and then apply them consistently.,
observe the methods and prinaples in the applicablè Charities SORP..
make judgements and eslimales that are reasonable and prudent;
state whether applic8ble accounting stsndards have been followed. gubject to any rnaterial departuros that
musl be discjosed and explained in the fiiidllLldl ¥ldleiiiviils,'
PIÈP8re the finanaal statements on the qoinq concern basis unless 11 is inapproprialo lo presume that the
charity wll continue in buslness.
The Tw$t8e is responsible for keeping pr￿er accounling recoTds that disdose wth reasonable accuracy at
any time the financial position of the charity and to enable them to Ènsure that the financial 51atemenls comply
th the Charttiès Acl 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions
of the Trust Deed. They are also responsible for safeguarding the assets of the ch8Tty and taking reasonable
steps for the Prevention and detection of traud and other irregularftbes.
Dlgi£ally slgned
by Bradley
WALDEN
Date..
2024.09.17
11..35.-46
+OI'OO'
Digitally signed
by Mike
CONSIDINE
Dale..
2024.09.17
15..48..57 +01,00,
SG Kleinwort Hambros Trust Company IUKI Llmitsd
Dats

THE R J AND A H DANIELS CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
Independent Examlnerf$ Report to the Tru$tee of The R J and A H Daniels Charitable Trust
l ￿port to the Trustee on my examination of the accounts of the RJ and AH Daniels Charitable I rust for the
year ended 31 DeceTnber 2022 which are sel out on pages 5 to 19.
Responsibilities and basis of report
As the charity Trustee of the Trust you are ie5ponsible fow Ihe preparallon of the accounts in accordance wlh
the fequiremen15 of the Charities Act 2011 I'lhe Act'l.
5 report in respect of my examination of the Trust's accounts carried out under section 145 01 Ihe 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Comrni55ion under sèction 14515llbl of the Aet.
Independent examinerfs ststement
I have completed Tny examination. I confim that no material matleTS have come to my altention in connection
with the examination giving me cause to believe that in any material respect..
1. Accountlng records were not kept in respect of the Trust as required by section 130 of the Act,. or
2. The accoLJnls do not accord with those records., OT
3. The accounts do not comply with the applicable requirement5 Col￿e￿Ing the form and content ol accounts
sel out in the Charitie5 {A(Lounls and Reports) Regulation5 2008 other than any requirement that the
accounts give a Irue and fair vie¥V which is not a matter considered as part of an independent examination.
I have no concern5 and have come auoss no other matters in (x)nnection 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.
D R Cates BA, FCA
Couch Bright King & Co Chartered Accounlanls
2 Tolherst Court, Turkey Mill Business Park
Ashford Road
Maidslone
Kent ME14 SSF
Date
2+1911*

THE R J AND A H DANIELS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Note Unrestricted
Fund
Expendabl•
Endowmant
Total
2022
Total
2021
Income and Endowmènts
Cash Settled
Donation5'.
Various Investments Donated from A H Danie15 Eslale
10,880.83
10.880.83
5.565.208.39
Investments:
Inveslmonl Income
150,806.13
150,806.13
30,388.48
Totsl Income and Endowments
£150.806.13
£10,880.83 £161.686.96 £5,595,596.87
Expenditure
Cost of Taising funds..
SG Kleinwort Hambros Investment Manag&menl Fee
48,795.89
48.795.89
10,501.94
Expenditure on Chaiitable ActNtties.'
Donation5
Support Costs
172,OCWJ.00
172.000.00
20,340.00
20,340.00
5.244.(KJ
Totsl Expgnditure
£172,000.00
£69,135.89 £241.135.89 £15,745.94
Met Income Before Gains and Lossès
on Invostments
1£21.193.871
1£58,255.06} {£79,448.93) £5,679,850.93
GaIn￿[Lo$S¥$I on Inve$tmgnts
Realised
Unrealis8d
(136,221.931 (136.221.931
21,006.53
(390.497.191 (390.497.191 179,720.86
(526.719.121 {526,719.12} 200,727.39
Net Movement in Funds In the Y¢ar
1£21.193.871 1£584.97&1811£606.168.OSI £S.780.578.32
Funds
At 31 December 2021
Net Movement of Re$ources in the Year
201,683.61
121,193.87)
6,795,809.64 6,997,493.25 1,216,914.93
(584.974.181 (606,168.05) 5.780,578.32
At 31 December 2022
£180,489.74 £6,210.835.46 £6.391.326.20 £6,997,493.25

THE R J AND A H DANIELS CHARITABLE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Flx•d Ass•ts
Investrnenls
6,338,580.85
6,905,640.93
Current As$gts
Cash Bt Bank
228.084.35
94.372.32
226,C64.35
94,372.32
Curront Ltabllltl&s
Crediiors. amounts falling duo
within ono yèar
173,320.00
2,520.00
Net Current Assets
52.744.35
91.852.32
Ass•ts 1688 Curr•nt Liabilldès
£6,391.325.20
£6,997.493.25
Capltal Fund
Expendable Endowment
6,210.835.46
6,795,809.64
In¢om• Fund
Unrestricted Fund
180,489.74
201.683.61
£6,391,325.20
£6,997.493.25
The flnandal 8talements were approved by the Trustee on
2024
SG laelnwort Hambros Trusi Company (UK) Llrnited
Dlgllaltys￿nÈ￿
by Biadley
WALDEN
Dat￿. 2024.09.17
11'.36.'11 +07￿0.
. Digitaltysigned by
MikÈCONSIDINE
Date.. 2024.09.17
15-.50.'45 +01,00,
TNstee

THE R J AMD A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Accounting Policies
Tliese financial 51atetnent5 h8vB been prepared in accordance with Ihe p8rticul8r accounling Poli￿e5
describ2d below.
Basis of Preparation and Assessment of Golng Concern
The financi41 statement5 have been pr8par8d under the historical c05t convention except for
invesbrents. which have been induded al market value. The financial statements have boen prepared
in accordance with Ihe Statement of Recommended Practice.. Accounting and RepDrting by char￿e$
preparing their Financial Statements in accordance with the Financial Reporting Stsndard applicable in
the Unrted Kingdom and Rèpublic of Ireland IFRS 102 20191 Issued in October 2019 and the Charities
Art2n11.
The charty consti￿teS a public benefit entity as defined by FRS 102. The Trustee considers that there
are no Material uThcertaintEs about the charitV8 ability to continue a8 a going concern.
The pres8Thtstion Cu￿ncY of these financial ststements is Pound8 StertiNJ.
The figures have not been rounded.
Ba$1$ of Accountlng
- Income recognition
All incoming resources are included in the Statement of Financial Activitl¥s whèn tha charity Is l•g8lly
entitkd to the income and the amount CAn be quantified with reasonable accuracy.
Income tax recoverable in relation tts inve5trnent inceme is ￿COgnised at the tim6 investment income is
receivable.
Donations are recognised bvhen the charity has been notffied in wriling gf both the amount and
sewement d8te. In the event that a donabon is subject to ¢ondrtions that require a level of perfO￿anCe
before the charity is entiled to the funds, the income is deferred and not recDgni5ed until eitherth05e
¢ondition5 are fully met, orthe fulfilmant of those conditions is wholty within the control of the charity
and it is probabl& that those ¢onditlons wll be fulfilled in the r8POrtin9 period.
Legacy gifts are ￿cognIsed on a ca$e by ra$¢ basis following the granting of probate then the
admini51ratorlexecutor for the estate has cornrnunicated in writing both the amount and seltlement
date. In the Èv8nt that the gift is in the fomi of an asset Dther than ca3h or a financial asset traded on
recogni5ed stock exchange, recognition is subject to the value gf the gift being reliabty rneasurablo wtth
a degree of ￿0$onable accuracy aiid the title to the asset h8Mng be8n tr8nsf&rred to the ch8rity.
Interest on funds held on deposit is included ¥vhen receNable and the arnount can be measured Teliably
by th8 charity, this is normally upon notification of the interest paKI or payable by the bank. Dithdtsnds
are recognised once the dividend has been dedared and notification has been received of1he dividend
due. This is normally upon notIfica￿on by Dur Investment Fnanager of the dividend yiekj of the
investment portfdio.

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- Exponditure recognilion
Liabilrties are ro¢ognis8d as 8￿enditur￿ as soon as th8re 18 8 18g81 or constructive obligation
¢ommitb"ng the charity to that expenditure, it is probable that 5elllement w11 be required and the amount
of the obligation can be measured reliably.
All expenditure is aGcountsd for on an accruals ba8is and has been induded under expense categories
that aggregate all costs for allocation to activities. Where costs cannot be directly atlribuled to
particular activities they have been allocated on a basis consistent with the use of the resources.
Giants payablp are charged in the year when the offer is made exc8Pt in tho¥e cases where the offer is
conditiDnal, such grants being recognised as expenditure when the CDnditions attaching a￿ fulfilled,
Grant8 off•red subject lo conditions which have not been Fnet sl thc ye&r ond Bro notod o
commitment, but not accrued as expendrtuie.
Fund Stru¢ture
Incorne funds are unrestricted funds which are available for use at the discretion of the Trustee In
furtherance of the general objectives of the ¢harity and which have not been d8signaied for other
purposes.
Capltal funds cornprise expendabk endo%yments, whereby there is no requirement to spend the capital
unless, or until, the ¢harrty Trustee decide to do so. Thesè funds are invested to prcduce untsstricted
income which can be spent in accordance wilh the charitable objective5.
Investment income, 9ains and lo$se$ are allocated to the appropriatè fund.
Inve$trnents
Listed Investments are included in the finani#al statements at mid-market value 8t the b8lance she
date. Unlisted investments are included in the balance sheet at their historical cost less any amounts
written off. Investments indude cash held for investment purpose5.
Reali$td gains and lo$$e$
All gain5 and Ios5e5 are taken to the StatEment of Financial Activities as Ih2y arise. Realised gains and
losses on Inveslments are calculated as the differen¢e between sales proceeds and their opening
carrying value or their purch8se value if acquired subsequent lo the first day of the financial year.
Unrealised gains and losses art calculated a5 the d1ffefeTr￿ beNveen the fair value at the year 8nd and
their carrying value.
2 Inforniation regarding Tru8tee'B and Employees
SG ￿el￿WOrt H3rnbrDS Trust Company IUKI Lim"rted received a remuneration at market rate for its
services as Corporate Trustee. The charity had no employees.
3 Investsnent Income
2022
2021
Income from UK Listed Securities
Bank Interest
149,263.31
1,542.82
30,388.48
£150,806.13
£30,388.48

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2022
4 Donalion¥ to Charitable Institutions
2022
2021
3H Helplng Hands for Holld8yS
Alzheimeis Research UK
Barnardo's
Battersea Dogs Hom¢
Cals Protection
Children with Cancèr UK
Dementia UK
Dogs for Good
(iuide L)ogs tor the Ellind
Haven Hospice
H$adway
Honeypot Charty
Hope for Kidz
Macmillan Cancer
Make a Wish UK
Mane Chanc¢ SanctsJ8ry
Rèdwings Horse Sanctuary
Save the Children
Sl ChTlStophers Hospice
Step by Slep
Strongbones Children's Charitabl8 Trust
Teenager Cancer Trust
The Mayhew Anim81 Home
The Royal Marsden Cancer Charity
Tiny Tim's Children's Centre
Trussell Trust
Valgrays Border Collie Rescue
Winston's Wish
5,000.00
8,Ix)o.00
5.(KJO.00
8,(K)O.00
8,000.00
4,000.00
8.000.00
4.000.00
8,000.00
10.000.00
5,000.00
5,000.00
5,000.00
10,000.IXJ
5,000.00
4,OlXJ.00
4,000.00
6.0￿.00
10.000.00
5,000.00
5.000.00
8.000.00
8.000.00
6,000.00
5,000.00
6,000.00
2.000.00
5,000.00
£172,000.00
5 Support Costs
2022
2021
Govwn•n¢e C08ts:
SG ￿e1nWOrt Hambros Trust Company IUK} Llmiled Fees
Independent Examiners Fees
19.020.00
1.320.00
3,984.00
1,260.00
£20,340.00
£5,244.00

THE R J ANO A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
6 Inve8tments listsd on a ￿ogniSed Stock Exchang
2022
2021
Market Valuè Brought Forward
Purchases
Shares Donated
Disposals
6,663,118.00
1,254,702.83
1.125,617.00
497,842.43
5,565.208.39
(726.277.211
(1,409,274.71)
6,508,546.12
6,462,390.61
R??lised fJainllLo$$l
Unrealised GainllLossl
111B,??1.931
(390,497.191
?I,n06.53
179,720.86
Pkrket Value
5.981.827.00
6,663,118.00
Cash on SG Kleinwort Hambros Account
356,753.85
242.522.93
Total Inveslments
£6.33B,SBO.8S
£6,905.640.93
Inwstm•nts comprt¥lng greatsr than 6% ofthè Portfollo
2022
2021
Aberdeen Europ Ex
Aviva Investors US Equlty
Fidelity American Growth
Fidelty Index US
Ishares Phy5ic81 Gold
8.08
5.56
9.97
5.09
5.07
5.28
7 Credltor4. amounts falllng due wlthln one year
2022
2021
Independent Examinerfs Fee Provision
DonatlOll8 Due
1,320.00
172,000.00
2.520.00
£173.320.00
£2,520.00
10-

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2022
B Expendablo Endowment
Movement in
FundB
Balan¢¢
31 Dec 2021
Galns and
Transfers
Balance
31 Dec 2022
£6.795,809.64 (£584,974.18) £6,210.835.46
Income is availablè fgr general purposes. The expendable endowment IS Tepresented mainty by
invcstments listed on a reco9ni$$d Stock Exthange.
Y Unre¥trictsd Funds
The income funds of the charity will be allocated by the Trustee towards charities and charrtabl8
activitles, as set out in the Trustee's Report att3d)ed to thèse financial stalemenls. Unrestricted
funds are represented by the nel current assets of the charity.
10 Relatsd party transactlon$ and trustee'¥ expen￿8 and remuneratlon
Thè charty does not have a relationship wlh any other charity or organisations.
Remuneialion of £19,020.001£3.984.00 in 20211 including VAT was paid to SG Kleinwort
Hambros Trust Company IUIO Limited for its seryice as Corporate Trustee.
The Latè Mrs A H Daniels. estate grfted shares worth £5.565,208.39 to the Trust in the year
ended 31 Oecember 2021.