2026-03-31-accounts

REGisfERED CHARITY NUMBER: 1203811 REPORTOF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 FOR THE DAISIE RICH TRusr

THE DAISIE RICH TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Page Report of the Trustees 1 tr) 7 Report of the Independent Auditors 8 to 10 Statement of Flnanclal Actlvltles li Balance Sheet 12 Cash Flow Strtement 13 Notes to the Cash Ftow Ststement 14 Notes to the Flnanclal Statements 15 to 20 Detslled Ststement of Financial Activitles 21

THE DAISIE RICH TRUST REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2026 The trustees present their report with the financial ststements of the tharity for the year ended 31 March 2026. The twstees have a(knpted the provisions of Accountsng and Reporting by Charities.. Statement of Recommended Practh applicable to charities prepariThJ their accounts in accordanTr with the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 1021 leffecbve L January 20191- The Daisie Rich Trust was originally a Will Trust set up in accordance with the final Will and Testsment of Miss Winifred Daisie Rich, who died in 1955. {Regi5tered Charty llo. 236706.1 In 2023, following an extensive review and after consultation with the Trust's pro￿s1onal advisers, the Trustees made the decision to change the legal entty of the Trust from an unincorporated charitable trust to a Charitable Incorporated OrganisatKTrD (CIO). The new CIO was incorporated on 30th Julie 2023 and allocated a new Registered Charty no. 1203811. The TtU5V5 assets were transferred from the former entity to the new Cto Dn 5th Ortober 2023. This more contemporary legal stru¢lure provides the with greater protertion and flexibillty to meet its future charitable objectives. OBJECmlES AND ACTIvrriES Objects The charitable objects of the Trust in accordance with its ConsbtutK)n are= For the public benefit,. (al The relief of poverty by the granting of annuities, pensions or allowan￿5 to such of the persons following as are or shall ￿ necessitous and deserving namely persons who have been in the emplc>yment of Upward & Rich Limited and the wife widow, husband widower, children, parents or other dependents of any person who ha5 been himself or herself a member of the class of BenefIaar￿s. and (b) To further such charitable purposes, which are Charitab￿ under the law of England and Wales, by maknng grants and donations tr) such other Charitab￿ trusts or other thafitsble ent￿leS or other organisats'ons in each case for the benefit of the Isle of Wight and its residents. Aims The Trust furthers its charitable purposes, for the public beTre[￿, through its grant making policy which aims at utilising its surplus net annual income to provide benefft to the Isle of Wight community, through grants and donations. The trustees confimi that they have referred to the Charity CDmFni55iOn'5 general guidance on public benefit when reviewing the Charity's aims and objertives, in planning future activities, and setb.ng the gTrnt making polKy for the year. Strategies To create constsnt and stsble sources Df income whilst preseNing the real valLJe of investments. To maintain and minimise the Trusys costs. TD be innovative in our approach to the charitable needs of the community. Public benefit The Chanties Att 2011 introduced an overarching public benefit test for charities. The guidall￿ makes it dear that what con$t￿￿te5 the public will vary depEnding upon the Charity's purposes and can include beneficiaries defined by geographi￿1 area. Any restriction must be rational, reasonable and justifiable. The trustees have paid due regard to the Charity Commission guidance and are satisfied that while the tharity has a narrow geographical restriction, its objects and activities are sufficiently wide to cOnSt￿te a public benefit in that the grants made are for the benefit of a wide ￿ctIOn of the publlc in the geographical area and people on low incomes do benefit from the Charity's actsvities. Page I

THE DAISIE RICH TRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 OBJECTIVES AND ACTJvrrIES Grantmaking policy The Trust will only fund proietts, purposes and activities that are exdusively chartsble, fall within it5 Obj'ects, and meet its criteria. After satisfying its primary Object (al, the remaining Surplus funds are divided amongst five designated sectors in order that the wider Isle of Wight community can benefrt, in accordance with Object (b). The designated areas that form the structure for oroanising these donations and grarFts are.. - Youth Health - Welfare - SeNiTrs to the CommunFty Arts, Culture and Environment The Trust accepts applications from charitsble trLJSts, other charitsble entities or organisations with charitsble aims, for specrfic purposes and projeLts and l or for general running costs. Each application is considered on its own tnerits on a ase by case basis and the amounts granted vary. Through networkingi the trustees also identify and make appr(￿d)eS to potential recipients. The trustees aim tt) iNve5t in the comtllunity and to provide outcome funding. Feedback is ￿ught in order to monitor and measure the suc￿Ssful outcomes of any donation, Induding statistics, dats and Infom)ation relating to the number of people who have beneftsd. Et is the Ttusvs intention to add lasting, measuTrble value tr) ts recipients, with a view to thetn thieving long-terffl self-sufficiency. It also aims to maintain funding continuity to its longstrdnding recipients, when appropriate. lftvestments Jnd grants are under continual review by the trustses when legal, social, enwronrnentsl and ethical considerations a￿ taken into account. ACHIEVEMENTS AND PERFORMANCE Significant activities The Trust successfully fulfilled its planned donation5' prograrnme, rnaknng grants totslling £121,670 during the year. This was made up of grants to ex*mployees of £21,900 and 58 other separnte general donations amounung to £99,770 as follows.. Number of separats donations awarded SEcfoK Total amount awarded £26,760 E23,000 £24,500 £19,510 £6,000 0/0 of total by amount Youth Health Welfare ScNices to the Community A￿, Culture & Environment 16 15 li 12 27Q/D 22Yo 250/0 200/0 6Vo A full list of donations is included in note four of the accounts. The trustees are also pleased to report the following.. During the year, two new Trustees aptyjinted to the Board, increasing the number of Trustees to seven. Leather Taylor Ltd have made significant donab.ons to the Dèlsie FO"ch Trust for many years, and have dix)ateil £30,OQO to the CIO since its inCor￿￿tIon in June 2023. The tsustees are extremety gratefvl to Leather Taylor's board of directors for their conts'nued sUPPOrt and ConfideTr￿ in the Trusvs tnanagement and charitable activities. Dataswfft ￿"Mited have continued to provide tr support to ljs, free of (harge, which is much appre(iated by the Board of Trustees. Page 2

THE DAISIE IUCH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 ACHIEVEMENTS AND PERFORMANCE Charitable activities The trustees conh'nue to utilise their connections and krnwledge to remain acquainted with the changing needs of the local community. They constandy seek ways of provKJing assistan￿ to institutions on the 151e of Wight and in parkncular endeavour to restx)niJ favourably to applications where there will be the opportunlty to make a reèl difference for the public g￿d. In accordance with the Trusvs gr3nt-m8king policy, when considerang applications for funding, emphasis conb"nu& to be pla￿d on sucress criteria with tsngible measurable outcoffle5. The cDntinued use of a structured application form has proved SUc￿Ssful, as it provid￿ comprehensive and detsiled dats to inform decisions about dDnations and provides the basis for outcome monitoring reporting. The Trust's recendy u￿at￿ website, which Incorporat￿ our contact information and dirert ac￿55 to our funding application form, continues to enhance public awareness and accessibility to the Trust. Duiing the year the Trust continued to weknme applthons from new wtential recipients and was able to make grants to the fdlowing new beneficiaries- - St Catherine's Schcnl Isorropia Foundation First Act 2011 The Trust continued to operate its 'People in Crisis. project over the ￿st year, worknng collaboratively with- Citizens Advi￿ 151e of Wight. The Footprint Tru5t-, Fronttine Advice Centre,. Greater Ryde Be￿V￿ent Trust- Southern Housing {151e of Wight).. Sovereign Housing and Vecb5 Housing A55ociation. This project enable5 5tnall amoullts of money to rcach tho very needy, in a prompt and timety manner, which tho Trust could not cost-effectively undertake alone. A high percentage of the work 15 delivered by volunteers. It 15 estimated tha¢ during the last 12 morths, in eX￿sS of 500 peO￿e Tr￿nefited from this project, including the elderfy, vulnerable ￿OPle, and families with young chitdren. The Trust also continued to WO￿ cl{￿elY with the Isle of Wight High Sheriff5 Trust, enabling the dlspersal of our funds to a wider range of communty projects. FINANCIAL REVIEW Investment polity and objecilves The trustees intend that the value of the Trust's as*ts is maint3ined and enhaTh￿d over the long-term. The investment pc)licy, advised by Brewiii Dolphin {StockbrokeTS) antl Martin Ralph Chartered Su￿ey0rS. has been to invest in (1 50und portfolio Df stocks and shares, commercial propety and CdSh. Property The Trust's investrnent properties have continued to provide a reliable and constant source of ina)me, to support its donations and gfftnts programme. The pro[￿rtY portfolio is focused on long temi leases to businesses with resilien￿ to econotnic down-turn notsbly food and medical. However, the TtUStees a￿ aware of headwinds in the retsil rentsl market, together with legislation changes, which are ma￿.ng new ￿ase negotiations more protrarted and the environment for upward reNt negotiations more challenging. Jn the coming year, the Trust intends to condurt a review of its property portfolio, using $u￿abfy qualified advisors, to ensure it remains fit for p￿r￿Se. Rentsl yields are currently representstive of the pmperty class and lease provenan￿. Stocks and Shares The portfolio is tnallaged by Brewin Dolphin Lim￿ed on the basis of their Charitr"es' Risk Category 6 (Moderate Investment Risk) total return berKhmark, which they view as the tllost appropriate rnea5ure available on which to provide comparative performall￿ for the tMirtfolN). Whi15t the portfolio is managed on a bespoke basis, and 15 therefore unlikely to exactly mirror the constituents of the benthmark, it does provide a useful reference point against which to compare the Trusvs investment performance. The trust￿ conts'nued to Use the benchmark data, and that provided by ARC I￿Set Risk Consultants) Limited to measure the Trusvs overall perf0mlan￿ during the year. Changes in fixed asset5 during the year are Set out in the not￿ to the financial statements. Page 3

THE DAISIE RICH TRU REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2026 FINANCIAL REVIEW ReseNes policy The trustees have Conside￿ the financial risks tts which the Charity is exrK)sed and detsiletj these elsewhere in thi5 report. If any of these risks We￿ to occur, the trustees would wish to have freely available reserves in order that they could continue to operate the Charity and fulfil its charitable objects. The principal COMM￿Ment of the Charity is to continue to support the ex-employees of Upward and Rich Ltd, and secondly to pay all grants to other general beneficiaries that have tken approved by the trustees. In order to monitor these payments, salaries, support and governance costs would need to continue to be pa¥J. The trustee5 consider that it is necessary to hold free reserves that amount to twelve months operating expenditure plus the amount cotnmitted to grants iii the next twelve m(Inths, together with the value of any grants committed for a period of longer than ttvelve months. ￿ at 31st March 2026 the total of free reserves required is calculated as being £172,419 made up of operational expenditure of £76,119, payments to the ex-emplnyeÈs of Upward and Fkneh Ltd of £22,800 and other planned donations amounting to £73,500. at 31st March 2026 the Charty had assets capable of being realised immediately of £2,585,429 - therefore, the reserves ￿licY is being met. The amount of free r*erves required will be reviewed annually by truste￿. FUTURE PLANS The trustees continue to remain committed to rnakin9 grants and donations in accordance wtth the ststed aims and objectives of the CIO'S Consbtution. Analysis of efficiency and cost effettiveness are IM￿rtant to the Trust to enable it to deliver its donations effeLlively. This indudes continued monitoring of its property portfolio, and rnanagement of its equty investsllents, cash and overhead5. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing document The Trust is a charItsb￿ Incorporated Organisation (CIO) Registered charty number 1203811. The CIO was incorporated on 30th June 2023 and is controlled by its governing document, a Constitution of a CIO whose only voting members are ￿ charity trustees. Oryanisational structure The Organi￿￿.0￿al structure of the Charity 15 currentsy= seven trustees, one ambassador. and one administTator/secretsry. The trustees meet regulady (at least q￿arterly) to discuss grants, investments and strategy. Decision5 on grant 3pplicètt.ons are made by the trustees at those regular meetings. Exceptionally, should an application require an urgent decish)n, the tnJ5tees consider it either at an ad hoc meeb"ng, or by utilisation of the Trust's elertronic SharePoint system. In con5iiJering applications, the trustees are a5SiSted by inft)rEnation gathered on their bÈhalf by the dministrator. RecruitmenL appointmen( induction and training of new trustees The majorty of the beneficiaries of the Charity are resident on tho Isle of Wight and therefore new trustees are recruited from individuals in gcx)d stsnding on the Island, and well connected with the local coThmunity. Prior to the appThnttnent of a new trustee, the ex￿ing trustees U[￿etske a review of the skn.lls ￿qUired and the commityment needed for new trustee5. They then tske soundings in the community to idenb'fy individuals who might be suitable for the position. Potentlal tnjstees are fully briefed on the Charity's aims, objoctivcs and method of operation and are inwted to attend at least one meeting of the truste￿ as an observer, following which the trustee5 would cotTr5ider whether the irKJividual should be invited to become a trustee. If they are invited, and at￿pt, they would be Sup￿le￿ with Copi￿ of the governing thcument, relevant extratts from previous minutes and would be briefed on current issues. They would also be given appropriate training in the duties and ￿SpOnSIbIl￿$ of a trustee. Page 4

THE DAISIE RICH TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The trustees recognise and comply with their duty to identify and ￿VIeW the risks to whith the Charity is exposed and to engjre appropriate controls are in place to provide reasonable assurance against fraud and error. The prinapal risks are th<￿e associated wth the investrnents in stocks and shares, and propety. These risks are mitigated by retaining aF) expert, reputable, national firm of StoKkbrokers to manage the Trusvs investment portfolio, on a disuetionary basis. The Tnjst's propetties are managed by a mainland based company of commercial prope advisors and are maintsined in the name of the ao. Controls afft in place which ensure that two trustees independentty authorise each banklng transaction. The truS￿S are provided wf(h regular financial updates at trustees. tneetings. The trustees review the risks annually and have put in place insurance to cover appropriate insurable risks. Matters of doubt are placed before the Trusvs solicitors. REFERENCE AND ADMINisfRATIVE DETAILS Registered Charity number 1203811 Principal address The Hawthorns School Lane Arreton Newport Isle of Wight P030 3AD Trustee$ J R W Attrill DL m￿ M L Ca* (apwinted 211212025) Mrs D K Haig-Thomas Mrs N J Keyte Mrs C E B Locke DL Chair Mrs A C Medley B S Warren (appointed 211212025) Ambassador A H Medley Admlnistrator / Secretsry Mrs l_ Mitchell Auditors Lewis Brownlee (Chichester) Lifflited Statutory Auditors Appledratn Bam5 Birdham Road Chichester West Sussex P020 7EQ Solicitors Roach Pitbs 62-66 Lugley Street Newport Isle of Wight P030 SEU Page 5

THE DAISIE RICH TRUST REPORT OF TrIE TRusfEES FOR THE YEAR ENDED 31 MARCH 2026 REFERENCE AND ADMINISTRATIVE DETAILS Solicitors Roach Pittis 62-66 Lugley Street Newport Isle of Wight P030 SEU Bankers Nabonal Westsninster Bank plc 107 St James Square Newport Isle of Wight P030 LXH Investment Advisors Brewin Dolphin ￿Mited 12 Srnithfield Street Londori ECIA 9BD Property Advisors Marbn Ralph Chartered Surveyors Il Dtag(M)n House, Hussar cC￿rt Bramblos Business Park Waterloovllle P07 7SF Page 6

THE DAISIE IUCH TRUST REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2026 TRUSTEES, RESPONSIBILITY sfATEMENT The trustee5 are responsible for preparing the Report of the Trustees and the financial ststements in ￿)rdance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A￿pted Accounting Practi￿1. Chaiity law requires the trustees to prepare financial statements for each financial year. Llnder that law, the trustees have elected to prepare the Financial statements in a(xordance wth United ￿ngdorn Generally Accepted Accounting Praditr (United Kingdom Accounting Stsndards and applicable law). Under charty law the tnstees must not approve the finanoal statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of tlie incoming resources and application of resources, including the ir)come and expenditure, of the charity for that period. In preparino those finanoal statements, the trustees are required to select sutrtable accounting Policies and then apply them consistently; observe the methods afjd principle5 in the Charities SORP- make judgements and estimates that are reaSona￿e arhd prudent- prepare the financial statements on the gotng con￿rn basis unless it is inappropriate to pre5urne that the charity v*ill continue in business. The trustees are resptsnsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Chatities Act 2011 and The Charity (Accounts and Reports) Regulabons 2008. They are also responsible for safeguarding the a55ets of the chartty and hence for tskn'ng reasonable steps for the prevention and detection of fraud and other I￿egUla￿tIes. Approved by order of the board of trustees on .....-..-...... 7 b . and slgned on its behalf by.. Mrs C E B Lc(ke DL- Trustee Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRusfEES OF THE DAISIE RICH TRUST Opsrtion We have audited the flnanclal statements of The Daisie Rich Trust (the 'charty') for the year ended 31 March 2026 which comprise the Ststement of FinaTKial Ath"vities, the Salance SheeL the Cash How Statetnent and notes to the finètKial statements, including a 5Utnmary Df significant accounting policie5. The financial repDrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standardg (United King(lom Generally AL￿pted.Accounty"ng Prncticel. In our opinion the finar￿131 statements.. give a true and fair view of the state of the charity's affairs a5 at 31 March 2026 and of its incoming ￿SoUr￿$ and appltcation of resources, for the year then ended,. have been prO￿rIV prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the aiaTthe5 Act 2011. Basis for opinion We condu(trd our a￿lt in accordance with International Standards on AUd￿Ing (UK) (ISAS (UK}l and applicable law. Our ￿SponsIbl1￿*S under those standanI5 are further described in the Auditors, re$r￿N51b11rtles for the audit of the financial ststements section of our report. We are independent of the charity in accordan￿ with the ethical requirements that are relevant to our audit of the financial statements In the UK, intluding the FRC'S Ethical Standard, and we have fulfilled our other ethical respcx)sibilib"es in accordance with th￿e requirements. We belleve that the audtt eviden￿ we have obtsined is sufficient and appropriate to provide a basis for our opinion. Condusions rÈlatiny to going concèrn In audib.ng the financial statements, we have o)ncluded that the truste&, use of the goino con￿rn basis of ac(nunting in the preparation of ttie financial statements is appropriate. Based on the work we have performed, we have not identifled any material uncertainties relating to events or CDndknons that, individually or collertivelyi may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the finanoal statetnents are authorised for issue. Our responsibilities and the resPCXlsibilities of the trustees with respert to ￿Ing concem are described in the relevant settions of this report. other information The trustees are responslble for the other infomiation. The other Informadon cornpri5es the infomiation Included in the Annual ieport, other than the financial statements and our RerKJrt of the Independent Auditors thereon. 0￿r opinion on the financial statements does not cover the other information and, except to the extent otherwise expliady stated in our rem, we do not expres5 any forni of assurdn￿ condusion thereon. In connettion with our audit of the financial siatements, our responsibility 15 to read the other informats'on and, in doing so, consider whether the other Information is materially inconsistent wth the financial ststements or our knowledge obtained in the audit or otherwise to be materialty misstaled. Ir we idenb.fy such material inconsistencies or apparent material misstatement5, we are required to detemiine whothcr this gives rise to a matorial misstatement in the financial ststernents themselves. If, based on the worf( we have performed, we conclude that there is a matsrial misstatement of this other information, we are required to report that fact. We have nothing to report in thi5 regard. matte￿ on which wé are required to report by exception We have nothing to report in respert of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion- the information given in the Re￿}rt of the Trustees is incon5iStent in any rnaterial respect wrfch the finanaal statements,. or sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records and retUm5; or we have not re￿iVed all the informab.on and explanations we require for our audit. Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE DAISIE RICH TRUST Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Stotement, the trustees are responsible for the preparabon of the financial statements whith give a true and fair view, and for such internal control as the trustees detemibne is ne￿sSary to enabte the prepatation of financial siatements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsSble for assessing the charity's ability to continue as gDing con￿rn, disclosiThJ, as appI￿￿e, matters related to going concern and using the going concern basis of accountj.ng unless the trustees either intend to liquidate the chattty or to cease operations, or have no realistic altemative but tc> do so. Our re5pon5ibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Art 2011 and report in accordance with the Act and ￿levant regulab.ons made or having effett thereunder. Our oblectlves a￿ to obtsin reasonatAe assuran￿ about whether the financial strdtements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of asSurarn￿, but Is not a guarantee that an a￿lIt conducted in accordanTr with ISA5 (UK) will a￿ayS detect a matcrial misstatemcnt whcn it exists. Misstatemcnts can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econornic decisions of Use￿ taken Dn the basis of these finanaal statements. Our appThch to idenlifying and assessing the risks of matellal misstatement in respert of irregularities, including fraud and non-complianTr with law5 and regulatiOll5, wa5 as follows= the engagement partner ensured that the engagement team CO1￿CtIVe￿ had the appropriate competence, tapabilities and skills to identify or recognise non-compliance with appticable law5 ar￿ regulations,. we identtlied the laws and regulations applicable to the tharity through discussions th trustee5 and other managemen( and from our commercial knowledge and experien￿ of the secior; we trused on speafic laws and regulations which we considered may have a dirett material effett on the financial statemènts or the 0[￿ratiOnS of the Charity, including the Charities Art 2011, taxation legislation, data protection, anb".bril￿ry, employment, environmentsl and health and safety legislation,. we assessed the extenl of compliance with the LAWS and regulations identif￿d atove through making enquiries Df management ar¥J inspecting legal correspondence,. and Identified laws and ￿gulationS were communicated within the audit team regulady and the team remained alert to instsnces of non-compliance throughout the aLJdrt. We assessed the S￿￿ptibI7ty of the charity's financial 5tstements to material misstrdtement, including obtaining an understrdnding of how fraud mKJht occur, by.. making e￿￿1r￿S of management as to where they considered there was SUS￿ptibl1ify to fraud, their knowledge of actual, susrerted and alleged fraud,. and considering the internal controls in platr to mitigate risks of fraLKI and non-complian￿ with laws arKI regulatiorks. To a￿reSS the risk of ￿ud through management bias and override of contrds, we.. perfomied analytical procedures to idenb.fy any unusual or unexpected reLitionships,' tested journal entrtes to identify unusual trdnsactions., assessed whether judgements and assumptions maje in determining the accountir¥J estimates set out in the accounting p()Iioes were inditstive of potentyal bias,. and investigated the rationale behind significant or unusual transactions. In response tD the risk of irregularities non-compliance with laws regulations, we designed procedures whith induded, but were not limited to.. agreeing finanaal statement disclosures to underlying sUppO￿ng documentstion,. reading the Minut￿ of meetings of those charged with gOverna￿￿- enquiring of rnanagement as to actual and potelltial litigation and claims- and reviewing Corresponden￿ with HMRC, relevant regulators and the Iharttys legal advisors. Because of the inherent limtstions of an audit, there is a risk that we will not detect all irregularities, including those leading to a maten31 misstatement in the financial statements or non-complianTr with regulation. This risk increases the more that compliance with a lèw or regulation is removed from the events and transactions reflected in the financial statements, a5 we will be less likely to become aware of Instan￿$ of non-Com￿lanCe. The risk is also greater regarding irregular￿e5 occurring due to fraud rather than error, as fraud involves intentional collwlment, forgery, collusK)n, omissior) or misrepresentation. Page 9

REPORTOFTHE INDEPENDENT AUDITORSTO THE TRUSTEES OF THE DAISIE RICH TRusr Our responsibilities for the audit of the financial statements A further description of our reS￿nSibIl￿•.es for the audit c>f the finanaal statements is I(￿ted on the Finanaal Reporting Council's website at www.frc.org.uklauditorsrespon5ibilities. This description fonns part of our Report of the Independent Auditors. Use ofour report This report is made solely to the charity's trustees, as a body, in accordan￿ with Part 4 of the Charities (Accounts and Rewrts) Regulations 2008. 1)Jr audit work has tken undertaken so that we might strdte to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we th) not ￿pt or assume reswnsibility to anyone other than the charity and the charity's trustees as a bodyi for our audrt work, for this report, or for the opinions we have formed. Lewi5 Brownlee (Chichester) knrnited ststutory Auditors AppledTrm ￿rnS Birdham Road Chithester West Sussex P020 7EQ Dats.. Pège 10

THE DAISIE RICH TRUST STATEMENT OF FINANCIAL ACTIvfTIES FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 Unrastricted fund Ttstal fund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies io,ooo 10,000 Investment income 147 465 163 523 Totsl 157 465 173 523 EXPENDITURE ON Raising funds 10,935 15,272 Charltable activities Grants to individuals and institutions for the furtherance of the charity's objeLts and assouated costs for producing suth grants. 169 014 Totsl 179 949 200 149 Net gains on investments 125 357 NET INCOME Other recognised galnsl(losses) Gainsl{bsses) Dn revaluation of fixed assets 102,873 23,300 Net movÈment in funds 102,873 (15,017) RECONCILIATION OF FUNDS Total funds brought forward 3,982,507 3,997,524 TOTAL FUNDS CARRIED FORWARD 4 085 38Q 3 982 507 The notes form part of these financlal statements Page 11

THE DAISIE RICH TRUST BALANCE SHEET 31 MARCH 2026 2026 Unrestiicted fund Total funds 2025 Note5 FIXED ASSETS Investments Investmer)ts Investment property 2,436,265 1 530 000 2,310,941 1 530 000 3,966,265 3,840,941 CURRENT ASSETS Debtors Cash at bank 6,141 159 975 149,164 166,116 CREDITORS Amounts falling due within one year io (30,049} {24,550) NEf CURRENT ASSETS 119 115 141 566 TOTAL ASSETS LESS CURRENT UABILMES 4,085,380 3,982,507 ASSETS 4 085 380 3 982 507 FUNDS Unrestrirted funds li 4 085 380 3 982 507 TOTAL FUNDS 4 085 380 3 982 507 The financial statements were approved by the Board of Trustees and authorised for issue on . and We￿ signed on its behalf by.. C E Y Locke DL- Twstee A C Medley - Tr stee The notss form part of these financial statements Page 12

THE DAISIE RICH TRUST CASH FLOW STATEMENT FOR THE YEAR ENOED 31 MARCH 2026 2026 2025 Notes Cash flows from operating artivities Cash generated from operation5 Bank charges (157,980) {19L,491) Net cash used in operating activities 158 309) 191924) Cash flows from investing activities Purchase of fixcd assct invcstments Sale of fixed asset investments Interest received Dwidend5 and Fients Recewed (309,759) 309,792 21 1409,7001 456,333 31 157 351 Net cash provided by investing activities 147 204 015 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (10011) 12,091 159 975 Cash and cash equivalents at the end of the reporting period 159975 The notes form part of these financial 5￿te￿llts Page 13

THE DAISIE RICH TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2026 REcoficiLIATION OF NET INCOME TO NET CASH FLOW FROM opERA￿NG ACTIVITIES 2026 2025 Net income for the reporting period (a5 per the Statement of Financial Activities) Adjustments for: Gain on investments Interest re￿iVed Bank tharoes Dividends and Rents Re￿1Ve￿ Decreasellincrease) in debto Increaselldecreasel in creditors 102,873 23,300 (125,357) (21) 329 (147,444) 6,141 149,9261 (311 433 (157,351) 16,1411 Net cash used In operatlons 157 980) 191491} ANALYSIS OF CHANGES IN NET FUNDS At 114125 Cash flow At 3113126 Net cash Cash at bank 159 975 10 811) 159 975 10 811) 149 164 Totsl 159 975 10 811) 149 164 The note5 forrn of these financial statements Page 14

THE DAISIE RICH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the chanty, which Is a public benefit entty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporfjng by Charities: Ststernent of Recommended Practce applicaNe to charities preparino their accounts In accordan￿ with the Financial Rel￿rting Standard applicable in the UK and RepU￿1C of Ireland IFRS 1021 (effective l January 2019),, Financial Ropoth'ng Stsndard 102 The Financial RepDrting Standard applicable in the UK and Republic of Ireland, and the Charities Art 2011. The financial thtements have been prepared under the historical cost convenb"on, wth the eX￿ptiOn of investrnents which are included at market value, as m(MJified by the revaluation of ￿rtain assets. The finanaal statements are prepared In sterling, which is the fLJnttional currency of the tharity. Monetsry amounts in these financtal statements a￿ rounded to the nearest pwnd. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are rea)gnised as expenditure as s￿n as there is a legal or cr)nstructive obligat*)n commitbng the charity to that expenditure, ￿ is probable that a transfer of economic benefits will be required in setdement and the amount of the obligation can be meaSU￿d reliably. Expenditure is a¢￿￿nted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where c05ts cannot be directly attsibuted to parbcular headings they have been allocated to attivities on a basis consistent with the use of resour￿$. Gtsnts offered subj.ert to conditK)ns which have not been met at the year end date are noted a5 a comrnitment but not accrued as expenditure. GovernarEce costs Governan￿ costs inclLJde the costs of governan￿ arrangements which relate to the general running of the Trusi. Allo￿tIon and apportionment of costs Where costg cannot be direct￿ attritwted to parb"cular headings they have been allctated on a basis consistent with the use of resour￿5. nvestment property InvesfmenL property is shown al most recent valuation. Any aggregate surplus or deficit arisiTrJ from dianges in fair value is recognised in the Statement of Financial Activities. Investments Inve5trneiits are 5tsted at their fair value at the year end. The Ststement of Financial Adivitie5 indudes the net gains and loss￿ arising on revaluations arKJ disposals of investment assets throughout the year. Taxation The charity is exempt from tsx on its charitable activities. Fund accounting General funds are Un￿$tr(￿ed funds which are available for use at the dlscretion of the trustees for particular pUr￿Se$. Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic finanaal instruments. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be irnmaterial, in which case they are stated at C05t. The Charity has no adv￿ll￿d financial instrLJments. Page 15 continued...

THE DAISIE RICH TRUST NOTES TO THE FINANCIAL ￿ATEmENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2026 INVESTMENT INCOME 2026 2025 Rents received Dividends Deposit account interest 92,029 55,415 21 104,311 59,181 31 163 523 RAISING FUNDS Investment management costs 2026 2025 Brokers, Admilli5tratiiJn Fees GRANTS PAYABLE 2026 2025 Grants to indivtduals and institutions for the furtherance of the charity's objects and associated costs for producing such grants. 121670 132 964 Grants made tr) InstitLJtions and individuals for the furtheTrnce of the Iharity's obj.ects were: Institutions: Alzheirner Q4fe Isle of Wight Applegate B￿ast Can￿r Support Gmup Bamardos Isle of Wight Y(xJng Carers Beau1￿￿ Respite rigstocke Almshous British Epilepsy Association IW Cowes Sailability Club CRUSE Bereavement Care Dernentia UK (Admirals Nurses) Earf Mountbatten Hospice Fair Haven Housing Trust First Art 2011 Free Fo(xl in Sandown Frondine Advice Centre Girts Brigade 3rd Ryde Company Greater Ryde Benevolent Trust Hampshire & Isle of Wight ￿'r Ambulan Isle of Wight A$s￿latiOn for Spina Bifida & HydrO￿pha1us Isle of Wight c￿1zenS Advice Isle of Wight Deaf Children's A550ciation Isle of Wight High Sheriff s Trust Isle of Wight ￿terary Festival Isle of Wight Phygcally Disabled S(Klety Isle of Wight Prostate Cancer sUp￿rt Group Isle of Wight Youth for Christ Isle of Wight Youth Trust Isorropia Foundation Julia Margaret Cameron Trust Memorial Arts and Leisure Company MDtor Neurone Disease Association Isle of Wight Multiple Sclerosis Scciety Isle of Wight Naomi House and Jack'5 Place 1,300 1,000 1,500 1,000 500 200 1,000 2,000 2,000 4,000 1,500 1,000 2,000 3,000 1,000 3,000 2,000 1,000 5,000 400 2,000 1,500 1,500 1,500 2,500 3,000 3,000 3,000 1,710 1,000 1,500 3,000 Page L6 continued..

THE DAISIE RICH TRUST NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2026 GRANTS PAYABLE- continued Needles INCI) National CoastThatth Institution Newport Rowing aub Parkn"nson's UK Isle of Wight Group People's Trust for Endangered Species Quay Arts Rainbow Trust Children's Charity Royal Vittoria Yacht Club Ryde Saints FcKitball Club Saturday Club for Deaf Children shan￿1￿ Voluntary Youth and Communlty Centre Sight for Wight St Catherines Sch(xil St George5 School South Wight Area Youth (SWAY) Southern Housing Sovereign Network Group Tidal Family SuptJ(rt UKSA Vertis Housing Associatx)n Ventnor Exchange Wessex Can￿r Trust West Wight Churches Youth Project Young Lives vs Cancer 500 1,500 500 2,000 2,000 300 2,000 400 1,600 1,000 1,500 5,000 2,000 2,000 4,000 3,000 2,500 2,000 2.500 Grand Tt)tsl Ex employees of Upward and Rlch Ltd or their dependants TRu￿EES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025. Trustees. expenses There were no 31 March 2025. tru51ee5' expenses paid for the year ended 31 Marih 2026 nor for the year ended STAFF COSTS 2026 2025 Wages and salaries The average monthly fium￿r of employees dijring the year was as follows.. 2026 2025 Administrab"on and consultancy No employees r￿￿ed emoluments in ex￿55 of £60,000. Page 17 conb"nued...

THE DAISIE RICH TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2026 FIXED Ass￿ INVESTMENTS Listed investments MARK￿ VALUE At l April 2025 Additions Disp￿lS Revaluations 2,310,941 309,759 (306,847) 122 412 At 31 March 2026 2 436 265 BOOK VALUE At 31 March 2026 2 436 265 At 31 March 2025 2 310 941 Investment assets outslde the UK at 31st March 2026 totalled £1,506,839 (2025: £1,432,319). Investments which are individually material within the investment portfolio are detailed as follows.. 2026 2025 Ishares Physical Metals PIC 139,432 At 31st March 2026 the cost of listed investments were £1,779,160 {2025'. £I,675,4771. INVEsfMENT PROPERr FAIR VALUE At l April 2025 and 31 March 2026 1 530 000 BOOK VALUE At 31 March 2026 1 530 000 At 31 March 2025 1530 000 Investment prope￿e5 are shown at their open market value. The properties were revalued by Ma￿n Ralph Group, an external firm of Survey0￿ on 24 FeL¥uary 2025. Fair value at 31 Marth 2026 is represented by.. Valuath)n In 2025 Co# (38,317) 1 568 317 1530 000 Page 18 CDntinued...

THE DAISIE RICH TRU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Prepayments and accrued Incorne 10. CREDrroRS: AMOUNTS FALLZNG DUE WITHIN ONE YEAR 2026 2025 VAT Accruals and deferred income 3,308 2,810 li. MOvEmE￿IN FU14DS Net movement in funds At 3113126 At 114125 Unreskn'rted fund$ General fund 3,982,507 102,873 4,085,380 TOTAL FUNDS 102 873 4 085 380 Net movement in funds, included in the above are as follows- Incomlng resources Re￿￿r¢¢$ expendad Galns and losses Movement in funds Unrestricted funds General fund 157,465 (179,949) 125,357 101873 TOTAL FUNDS 179 949) 125 357 102 873 Comparatlves for movement In funds Net movement in funds At 114124 At 3113125 Unrestricted funds General fund 3,997,524 (15,OJ71 3,982,507 TOTAL FUNDS 3 997 524 15 017) 3 982 507 Page 19 continued...

THE DAISIE RICH TRUST NOTES TO THE FINANCIAL STATEMENTS - o>ntinued FOR THE YEAR ENDED 31 MARCH 2026 ii. MOVEMENT IN FUNDS - continued Comparative net mvement In fvnds, include(E in the aix)ve are as follows= Incoming resources Resources expended Gains and losses Movement in funds Unrestn'cted funds General fund 173,523 (200,149) 11,609 {15,017) TOTAL FUNDS 173 523 200 149) 15 0171 A current year 12 months and pnor year 12 months combined p(>sib"on is as follows.. Net movement in funds At 114124 At 3113126 Unrestrirted funds General fvnd 3,997,524 87,856 4,085,280 TOTAL FUNDS 3 997 524 4 085 380 A current year 12 months and prior year 12 months combined net movement in funds, induded in the above are a5 follow5.. Incoming resources Resources expendod Gains and 105585 Movement In funds Unrestricted funds General fund 330,988 (380,0981 136,966 87,856 TOTAL FUNDS 330 988 380 0981 136 966 12. RELATED PARTY DISCLOSURES During the year the charity received a donation of £10,000 12025.. £10,000) frc*n Leather Taylor Ltd, a prestigious Icnl business in which the husband of Mrs Ann Medley {tnJstee) holds shares. l transactions were perforrned on an arms length basis. Page 20

THE DAISIE IUCH TRusr DETAILED STATEMENT OF FINANCIAL ACTIVThIES FOR THE YEAR ENDED 31 MARCH 2026 2026 2025 INCOME AND ENE￿WmENTs Donations and legacies Donations 10,000 iO,(KJO Investment income Rents re￿iVed Dividends Deposit account interest 92,029 55,415 21 104,311 59,181 31 147 465 163 523 Total incoming resou￿5 157,465 173,523 EXPENDITURE Invertment management costs Brokers. Administration Fees 10,935 15,272 Charitable acli¥ltles Grdnts to in*itutions Grants to individuals 99,770 111,064 121,670 132,964 Support costs Management Wages Insuran Postage and SLètionery Telephone Miscellaneous expen5e5 Computer consultanc¢ and costs Bank charges and interest 26.676 108 324 138 20 533 329 27,146 iii 337 129 266 433 28,128 29,107 Govèrrtantè tosts Auditors, remLEnetation Professional fees Trustees, iridemnity insuran 3,800 15,114 302 3,800 18,752 254 Total resour￿5 expended 179 949 Net expenditure before gains and losses {22,484) 126,626) Realised recognised gains and losses Realised gainsllb5ses) Dn fixed asset investments Net expendlture 19 539) 17 433) This page not form part of the stsiutt)ry financial statements Page 21