THE R J AND A H DANIELS CHARITABLE TRUST
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE R J AND A H DANIELS CHARrrABLE TrUST
CONTENTS
Page
Trustee's Report
Independent Examinerfs Report
Statem8nt of Financial Activities
Balance Sheet
Notes to the financlal statements
7-11
Investment Schedule
12-18

THE R J AND A H DANIELS CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustee presents their annual report and financial statements of the charity for the year ended 31
December 2023. Th8 financlal stat8ments have been prepared In accordance wlth the accounting pollcles set
out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and
Accountlng and Reporting by Charitles: Statement of Recommended Practlc8 applicable to chariti8s preparing
their financial statements in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019.
Legal and Admlnistratlve Inforniatlon
Constitutlon
The R J & A H Daniels Charltable Trust is a registered charity
govemed by a Settlement Deed dated 29 December 1994
Charlty Number. 1050703
Registered Offlce
The Administrator
One Bank Street, Canary Wharf, London E14 4SG
Bankers and Investment Managers
SG Kleinwort Hambros Bank Limited
One Bank Street, Canary Wharf. London E14 4SG
Independent Examingrs
Couch Bright Klng & Co
2 Tolherst Court, Turkey Mlll Buisness Park, Ashford Road, Maidstone,
Kent ME14 5SF
Trustee
SG Kleinwort Hambros Trust Company (UK) Limited
Objects of the Charlty
The objects of the charity are to pay or apply the capltal or income of the Trust Fund for such charitable
purposes, and in such proportlons that the Trustee shall think fit. No fijndraising Is undertak8n to support the
work of the charity.
Grant maklng pollcy
The Trustee's current policy Is to consider all written appeals received, but only successful appllcations are
notified of the Trustee'5 decision. Donations are decided periodically.
Appointment of Trustee and Charlty Organisatlon
The charity Is managed by the Trustee who is appolnted under the tems of the Trust Deed, with dally
administration being dealt with by the Corporate Trustee, SG Kleinwort Hambros Trust Company (UK)
Limited. No fundraising Is undertaken to support the work of the charity.
Flnanclal review and investmènt policy and performance
The finanual statements cover all the activities of the charity and have been prepared on an accruals basis.
They are presented in a format that reflects the spllt of funds betr￿een income lunr8Stricted) and capital
(expendable endowment). The financial ststements show a balance of unspent unrestricted funds of
£212,074.76 (2022.. £180,489.74),. this is derived from income from Stock Market investments and cash
deposlts.

THE R J AND A H DANIELS CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Incoming resources totalled £181,585.02 (2022: £150.806.13). £150.000.00 (2022.. £172.000.00) was
committed to charitable donations, and total administration expens88 totalled £76.996.24 {2022: £69,135.89).
Under the Trust Deed, there are no restrictions on the chariws power to invest. The overall investment policy
is to achieve long temi capital growth in real terms, whilst providing an income yield broadly in line with or
above that of the UK equlty mark8t.
Revlew of the activities and future developments
Th8 Trustee is satisfied Viith the financial posltlon of the charity and confinn that they have adequate assets
available to fijlfil their obligations. There are no plans to alter the charitys activities next year.
Charity8 publlc benefit
The Trustee has ensured that all activities throughout the period have been for the public benefrt. This is
evidenced by the contributions made to charities totalling £150,000.Crf) (2022: £172.000.00).
The Trustee confirms that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefrt when revlewing the charity's aims and objectives and in planning fijture activities.
Reserves pollcy and risk management
The Trustee alms to malntaln free reserves in unrestricted funds at a level which equates to approximately
three months of unrestricted charitable expenditure. The Trustee considers that this level will provide
sufficient funds to respond to applications for grants and ensure that th8 SUPPOrt and govemance costs ar8
covered. The Trustee considers that a level of three months is sufficient given the flexibility afforded by the
totsl retum approach towards the investrnent of the pemianent endowment which allows the Tnjstee to
transf8r amounts from the unapplied total element of the endowment fund in the case of urgent n88d. The
balance held as unrestricted funds at 31 December 2023 was £212,074.76 which is regarded as free
r8serves. The current level of reserves is therefore higher than Is needed and this will be adjusted by reducing
the amount from the unapplied total retum in 2024. It is the Trustee's intention to maintain an unrestricted
fund appropriate to expected levels of annual donations. together with a small cash balance of income, partly
to offset any fluctuation in investrnents Income in futur8 Periods and to en8ble them to contlnue wlth their
policy of responding quickly to appeals for significant support where appropriate, the timing of which is
unpredictable.
The Trustee has considered what risks the charity faces and believe these to be fraud or poor investment
perfonnance. Adequate systems are in place to mitigate fraud and investment perfomiance is regularly
monitored.
Trustee's r￿pOnSIbIlItIeS in relation to the flnanclal statements
The charity Trustee is responslble for preparing a Trustee's annual report and financial ststements in
accordance with appllcable law and United Klngdom Accounting Standards (United Klngdom Generally
Accepted Accounting Practice).

THE R J AND A H DANIELS CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The law applicable to charities in England and Wales requires the charity Trustee to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period. In preparing the financial
statements. the Trustee is required to..
- select suitsble accounting policies and then apply them consistently:
observe the methods and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed, subject to any material departures that
must be disclosed and explained in the financial statements.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in business.
The Tnjstee is responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements comply
viith the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the provisions
of the Trusl Deed. They are also responsible for safeguarding th8 assets of the charity and taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Dlgltally signed
by Bradley
WALDEN
Date:
2025,02.25
13:57:58 Z
019rtal
slgned by
Mlke
CONSIDINE
Date.,
2025.02.25
14A2..13 Z
SG Klelnwort Hambros Trust Company (UK) Limltsd
Date

THE R J AND A H DANIELS CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
Independent Examlnerfs Report to the Trustso of The R J and A H Danlels Charitable Trust
I report to the Trustee on my examination of the accounts of the RJ and AH Daniels Charitable Trust for the
year ended 31 December 2023 which are get out on pages 5 to 18.
Responslbllltles and basis of report
As the charity Trustee of the Trust you are responsible for the preparation of the accounts in accordance wth
the requirements of the Charities Act 2011 ('the Acf).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charily
Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confinn that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
1. Accounting records V￿re not kept in respect of the Trust as required by section 130 of the Act. or
2. The accounts do not accord with those records. or
3. The accounts do not comply Viith the applicable requirements conceming 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.
I have no concems 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 understsnding of the accounts to be
reached.
D R Cates BA, FCA
Couch Bright King & Co Chartered Accountsnts
2 Tolherst Court, Turkey Mill Business Park
Ashford Road
Maidstone
Kent ME14 5SF

THE R J AND A H DANIELS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Nots Unrestrlcted
Fund
Expendable
Endowment
Total
2023
Total
2022
Income and Endowments
Cash Settled
10,880.83
Investments:
Investment Income
181,585.02
181.585.02
150.806.13
Total Income and Endowments
£181.585.02
£181,585.02 £161,686.96
Expenditure
Cost of raising funds:
SG Kleinwort Hambros Investment Management Fee
54,538.24
54,538.24
48,795.89
Expenditure on Charftable Activities:
Donations
Support Costs
150,000.00
150.000.00 172,000.00
22,458.00
20,340.00
22,458.00
Total Expenditure
£150.000.00
£76,996.24 £226,996.24 £241.135.89
Net Income Before Gains and Lo88e8
on Investments
£31,585.02
(£76.996.24) (£45,411.22) (£79,448.93)
Gainsl(Los$es> on Investmants
Realised
Unrealised
(9,263.25) (9,263.25) (136,221.93)
277,109.25 277,109.25 {390.497.19)
267.846.00 267,846.00 (526.719.12)
Net Movement in Funds in the Year
£31.585.02
£190.849.76 £222,434.78 (£606,168.05)
Funds
At 31 December 2022
Net Movement of Resources in the Year
180,489.74
31,585.02
6.210.835.46 6,391,325.20 6.997.493.25
190.849.76 222.434.78 (606.168.05)
At 31 December 2023
£212.074.76 £6,401.685.22 £6,613,759.98 £6,391,325.20

THE R J AND A H DANIELS CHARITABLE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2023
Note
2023
2022
Flxed Assets
Investments
6,543,023.71
6,338,580.85
Current Assets
Cash at Bank
90,474.27
226,064.35
90,474.27
226,064.35
Currenl Llabllltles
Creditors, amounts falling due
within one year
19,738.00
173,320.00
Net Current Assets
70.736.27
52,744.35
Assets le88 Current Llablliti85
£6.613,759.98
£6,391,325.20
Capltsl Fund
Expendable Endowment
6,401,685.22
6,210,835.46
Incorne Fund
Unrestricted Fund
212,074.76
180.489.74
£6.613.759.98
£6,391,325.20
The finandal statements were approved by the Truste8 on
2025
SG Kleinv￿rt Hambros Trust Company (UK) Limited
Dlgltally slgned
by Bradley
WAI.DEN
Date.. 2025.02.25
13=58..29 Z
Dlgltally slgned by
.MlkeCONSIDINE
Date: 2025.02.25
14:43(J6 z
Trustee

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accountlng Pollcies
Thes8 financial ststemants have been prepared in accordance wth the partlcular accounting policies
described below.
Basis of Preparalion and Assessment of Going Concern
The financlal statements have been prepared under the historlcal cost convention except for
investments, which have b66n induded at market value. Thè financial statements have been prepared
in accordanc8 with the Statem8nt of Recommended Pracllc8.' Accounting and Reporting by Charities
preparing their Financial Statem8nts in accordance with the Financial Reporting Standard applicable in
the United Klngdom and Republlc of Ireland (FRS 102 2019) Issued in October 2019 and the Charities
Act2011.
Th8 charity constitutes a public benefit 8nfjty as defined by FRS 102. The Trustee considers that there
are no materlal uncertainties about the charitls ability to conllnue as a going concem.
The prèsentation cuffency (rf these financial statements is Pounds Sterflng.
The figures have not been rounded.
Basls of Accounting
- Income recognltlon
All incomlng resources are Included in the Statement of Flnancial Activities when the chaiity is legally
entitled to the income and the amount can be quantlfied with reasonable accuracy.
Income tax recoverable in relation to investment Income is recognised at the tlme investment income is
receivable.
Donations 8re recognised when the charity has been nolified in vthllng of both the amount and
settlement date. In th8 èvent that a donallon is subjed to conditlons that r8qulr8 a level of perfomiance
before the charity is enlltled to the funds, the Income is deferred and not recognlsed until either those
condltlons are fully met, or the fuffilment of those conditions is ￿olty within the control of the charity
and It Is probable that those conditions will be fiJlfilled in the reporting perlod.
Legacy gifts are r8cognised on a cas8 by case basis followlng the granting of probate when the
administratorlexecutor for the estate has communicated in vthting both the amount and settlement
date. In the event that the gift Is In the fomi of an asset other than cash or a financlal asset tradgd on a
recognised stock exchange, recognitlon is subject to the value of the gift being reliably méasurable with
a degree of reasonable accuracy and the tltle to the asset havlng be6n transferred to the charlty.
Interest on funds held on deposlt Is included when receivable and the amount can be measured reliably
by the charlty: thls is nomially upon notification of Ihe interest paid ¢y payable by the bank. Dividends
are recognised once the dividend has béen declared and notlfication has been rec8Sved of the dividend
due. This is normally upon notification by our invesiment manager of the dividend yleld of the
investm8nt portfolio.

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- Ex￿ndIture recognltlon
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure. it is probable that settlement V•411 be required and the amount
of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis and has been included under expense categories
that aggregate all costs for allocation to activilies. Where costs cannot be directly attributed to
particular activities they have been allocated on a basis consistent with the use of the resources.
Grants payable are charyed in the year when the offer is made except in those cases where the offer is
condslional. 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
commilment. but not accNed as expenditure.
Fund Structure
Income funds are unrestricted funds which are available for use at the discrelion of the Trustee in
furthoTanGe of the general objectives of the chaiity and which have not been de51gnated for other
purposes.
Capital funds comprfse expendable endowments, whereby there is no requirement to Spend the capital
unless, or until, the charity Trustee decid8 to do so. These funds are invested to produce unrestricted
income whlch can be spent in accordance viith the charitable objectlves.
Investment income, gains and losses are allocated to the approprlate fund.
In￿stments
Listed investments ar8 Included in the financial statsments gt mid-market value at th8 balancé she8t
dale. Unllsted Investments are included in the balance sheet at their historical cost less any amounts
written off. Investments indude cash held for investment purposes.
Reallsed galns and losses
All gain5 and losses are taken to the Statement of Flnandal Activities as they arise. Reallsed gains and
losses on investments are calculated as the difference between sales proceeds and their opening
carrying value or their purchase value if acquired subsequent to Ihe first day of the financial year.
Unrealised gains and losses are calculatsd as the differ8nce batween the fair value at the year end and
their carrying value.
2 Infomiation regardlng Trustee's and Employees
SG KleIn￿￿rt Hambr05 Trust Company (UK) Limited received a remuneration at market rate for its
services as CorFK)rate Trustee. The chaiity had no employees.
3 Investment Income
2023
2022
Income from UK Listed Securities
Bank Interest
170,845.54
10,739.48
149,263.31
1,542.82
£181,585.02
£150,806.13

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
4 Donations to Charitsble Instltutions
2023
2022
3H Helping Hands for Holidays
Action for Children
Alzheimers Research UK
Barnardo's
Battersea Dogs Home
BBC Children in Need
Cats Prot8ction
Childrens Adventure Fami Trust
Children with Cancer UK
Coram Chlldren's Charity
Dementia UK
Dogs for Good
Guide Dogs forthe Blind
Happy Days Children
Haven Hosplce
Headwoy
Honeypot Charity
Hopefield Animal Sanctuary
Hope for Kidz
KIDS
Kids N Action
Macmlllan Cancer
Make a Wish UK
Mane Chance Sanctuary
NSPCC
Penny Brohn
Redwings Horse Sanctuary
Save the Children
Scope
St Chrlstophers Hospice
Stèp by Step
Strongbones Children's Charitsble Trust
Teenager Cancer Trust
The Horse Rangers Association
The Mayhew Animal Home
The Royal Marsden Cancer Charity
Tiny Tim's Children's Centre
Trussell Trust
UNICEF
Valgrays Border Collie Rescue
Wlnston's Wlsh
5,000.00
4,000.00
8,000.00
4,000.00
8,000.00
4,000.00
8,000.00
4.000.00
8,000.00
5.000.00
8,000.00
8,000.00
4,000.00
4.000.00
8,000.00
8,000.00
4.000.00
8,000.00
8,OCXJ.00
4,000.00
8.000.00
10,000.00
5,000.00
5,000.00
4,000.00
5,000.00
4,0(J).00
4,OCM).00
8,OCrf).00
10,000.00
5,000.00
4,000.00
4,0(JJ.00
4,OCrfJ.00
4.OC(J.00
4,000.00
4,000.00
4,000.00
8.000.00
4,000.00
6,000.00
10,000.00
5,000.00
5,000.00
8,000.00
5,000.00
4.000.00
8.000.00
5.000.00
8,000.00
6,000.00
5,000.00
6,000.00
4,000.00
2,000.00
5,000.00
£150,OCQ.00
£172,000.00

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
S Support Costs
2023
2022
Governance Costs:
SG Kleinv￿rt Hambros Trust Company (UK) Limited Fees
Independent Examinerfs Fees
21.078.00
1,380.00
19.020.00
1,320.00
£22.458.00
£20.340.00
6 Investments Ilsted on a recognised Stock Exchange
2023
2022
Market Value Brought Forward
Purchases
Shares Donated
Disposals
5,981,827.00
1,243,046.67
6,663,118.00
1.254,702.83
(1,035,027.67)
(1,409.274.71)
6,189,846.00
6,508.546.12
Realised Gainl{Loss)
Unrealised Gainl(Loss)
{9.263.25)
277,109.25
(136,221.93)
(390,497.19)
Market Value
6,457,692.00
5,981.827.00
Cash on SG Klelnwort Hambros Account
85,331,71
356,753.85
Total Investments
£6,543,023.71
£6,338.580.85
Investments comprising greater than 5•/0 of the Portfollo
2023
2022
Aberdeen Europ Ex
Aviva Investors US Equlty
Fidelty American Growth
Fidelrty Index US
Invesco Funds SICAV
Ishares Physical Gold
JPM American
7.68
5.56
5.12
5.76
5.80
5.07
5.28
5.17
10-

THE R J AND A H DANIELS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
7 Creditors, amount8 falllng due wlthln one year
2023
2022
Independent Examiner's Fee Provision
SG KleinvK•rt Hambros Trust Company (UK) Limited Fees
Donatlons Due
2.700.00
13,038.00
4,000.00
1,320.00
172.000.00
£19,738.00
£173,320.00
8 Expendable Endowment
Movement In
Funds
Balance
31 Dec 2022
Galns and
Transfers
Balance
31 Dec 2023
£6,210,835.46 £190,849.76 £6,401,685.22
Income Is available for general purposes. The expendable end0￿￿nent is represented mainly by
investments listed on a recognised Stock Exchange.
9 Unrestrlcted Funds
The income fijnds of the charlty will be allocated by the Trustee towards charitles and charStable
activities. as set out in the Trustee's Report attached to these financial statements. Unrestricted
funds are represented by the net current assets of the charity.
10 Related party transactions and trustee's expenses and remuneration
The charity does not have a relationship with any other charity or organisations.
Remuneration of £21.078.00 {£19,020.00 in 2022) including VAT was paid to SG Klelnwort
Hambros Trust Company (UK) Limited for Its service as Corporate Trustee,