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