REGISTERED COMPANY NUMBER: 14750859 (England and Wales) REGISTERED CHARITY NUMBER: 1203915 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE SALLY AND JOHN RIDEAL TRUST LTD Bronsens Ch¥rter8d Certified Accounlanls Eden House Two Rivers Business Park Wilney Oxfordshire OX28 48L
THE SALLY AND JOHN RIDEAL TRUST LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Pagg Refer•nc• and Admlnistratlve D•tall• R•port of tha Trustees Indopendent Examlnerf8 Roport Stat•m•nt of FlnanGlal Actlvltla8 Balance Sheet Not•8 to tho Flnanclal Statemants 7 10 12 Detalled Statomont of Flnonclal Actlvltle• 13 10 14
THE SALLY AND JOHN RIDEAL TRUST LTD REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES R M Faulke8 C S Homan H McFadane J M C Rideal N J Rodker lappolnled 3.7.25) REGISTERED OFFICE 168 Church Roa Hove Sussex BN3 2DL REGISTEREO COMPANY NUklBER 14750859 (England and Wale81 REGISTERED CHARITY NUMBER 1203915 INDEPENDENT EXAMINER Bronsens Chartered Certlfled Accounlanl$ Eden House Two Rivers Buslne$8 Park Wilney Oxfordshlre OX28 4BL INVESTMENT MANAGERS Rathbones Investment Management 1 Northgale Chlchesler P019 1AT BANKERS HSBC PO 8ox L8 633 39 Tollenham Court Road London W1T 2AR Page 1
THE SALLY AND JOHN RIDEAL TRUST LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also dlreclors of the charity for the purposes of the Companles Act 2006, pfftsenl their report with the financial slalemenls of the charity for the year ended 31 March 2025. The Iruslees have adopted the provlsions of Accounting and Reporting by Charities.. Statement of Recommended Pracllce applicable lo charities preparing their accounts in accordance wlh the FinafjGial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102118ffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES OblKtive8 and alms The charity is as a result of the legacy received from the late John Rldeal. The funds are lo be applied by the Truslees to support charllies and organlsalions supportlng care leavers And charities supporting children in care. The alm of the Trustees is lo spend out the funds over Ihe next 15 years or earller if deemed approprlale. Achlfjvemont8 and performance The Sally and John Rideal Trust's investment portfolb 15 managed by R8lhbone5 Investment Management and ha5 performed well. The ¢harilVs inveslmenl property remains for sale. During the period, the Board mel four Ilmes and agreed six grants amounllng to a total spend of £316,851. The grants range in Size from £5,000 10 £120,000. Some are single year grants. others mulli year. Beneficiary organisalions include Alex Timpson Trust lo run a holiéay scheme for kinshlp care families, Famlly Rights Group towards the salary of the Prlncipal Legal Advi50r for her work relating lo klnship care and National Housing Project towards the costs of Ihelr Aspirallon Awards scheme. Happy Days Chlldren's Trust received a conduit grant lo support a funding programme enabling children and young p8ople In care lo go on group outings with their independent visllors. The Sally 8nd John Rideal Tru81 developed and launchod ils web page. Organlsallon8 Interested in funding, can use il lo make Ih8mselves known lo The Sally and John Rldeal Tru31. FINANCIAL REVIEW Flnanclal po8ltlon The charity was formed in the period ended 31 March 2024 wllh a legacy of £3,505,500. Total incoming resources from Investments for the year lo 31 March 2025 amounted lo £82,190 12024.. £23,249). Total expendllure for the year wa5 £355,878 12024.. £14,045), whlch include grants approved amounting lo £316,851 12024.. £10.0001. Nel losses on investment assets were £26,805 12024.. gains of £153,538) giving a éeficil for the year of £320.49312024.' surplus of £3,668,242). As al 31 March 2025, Ihe Charlty held Investments valued al £3,477,29612024.. £3,662,785). R8SOn40$ poIIcy The Trustees have decided lo oparale the charlty maklng only appropriate grants and monitoring Ih05e grants so as lo ensure that over the next 15 years the reserves maintained by the ¢harily have been spent. Aéequale reserves will be retained by the charity over th8 15 year period, or the reseNes will be applie¢J lo the harills objects earlier if the Trustees agree unanimously. FUTURE PLANS In the future, Trustees will continue lo pro-actively seek out organisalions and charities whi¢h sUPPQrt children and young people In care and charities supporting eare leavers. The Sally and John Rideal Trust doe5 not have any paid staff and therefore does not accept uninvited applications. The Trust works with a limited number of grant holders in a relational way. STRUCTURE, GOVERNANCE AND MANAGEMENT Govorning document The charity was created from a legacy from the late John Rideal and is govemed by the company memorandum and articles of association. Page 2
THE SALLY AND JOHN RIOEAL TRUST LTO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Rt¢rultm&n( Inductlon and tralnlng ol trustèes Trusleos have been Selected for Ihelr charity exp8r*ence arKI r&lovant skill sets lo provlde adequate governance lor th18 grant rnaking chanty. As charity experts, the Trust8e5 are ke8plng Ihgmselves Infomi and updated through relea8e8 and guidance from the Chaty Comml88Ion and Companle8 Hou89. The Sally and John Rkleal Trust was ploased to weknrn• an addltknal TIu8le¥ Ictr ts Board in July 2025. Orar anl8atlonal and op•ratlon418truc¢ur• Tho Tru8tee8 meet four tlme$ a yaar, or morg often rf noc8ssary. Profos8lonal advl8or8 manage the Inv88b))ants laft to th8 charfty. Tho Tru6t8e8 make dèclsk)n# colleGllvety 8nd mgkè gr#n18 to chgrt1188 8UPPOrtlng cara 10gV9r6 and $upprytlng children and young pPIe In care. Th18 report ha8 beon pr8pareA In a¢cord8ne8 I1h tho speclal provl8lon8 of Part 15 of th8 Companle8 Acl 2006 reloung to Small componle8. Approvgd by ordor of th8 board of Iru8lees on 16 090gfflber 2025 and $5gnèd 113 bo11 by.. J/ucLuLL J M C Rlde81- Tru81ee Pagè 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SALLY AND JOHN RIDEAL TRUST LTD Independent examlnerfs report to the trustees of The Sally And John Ridèal Trust Ltd ('the Company. report lo the charity Iruslees on my examinalK)n of the accounts of the Company for the year ended 31 March 2025. RospoDslbllltl8s and basls of report As the charitls Iruslees of the Company (and also ils directors for the purposes of company lawl you are re$ponsible for the preparalbn of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act,). Having satisfied myself that th8 accounts of th& Company are nol require(I lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of your chari115 accounls as carried out under Section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In carrying out my examination I have followed tho Directions given by the Charity Commission under Section 14515) Ib} of the 2011 Act. Independont •xamlnor's statèm•nt I have completed my examination. I confirm that no maller5 have come lo my allenllon In conneGtion th the examination giving me cakjse lo believe,. accounting records were not kept in respect of the Company as requirod by Section 388 of the 2006 Act,. or the a¢¢ounls do not accord with those records,. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requiTrment that the accounts give a true and fair view ¥thich 18 not a matter considered as parl of an Independent examinatn., or th8 account$ have not been prepared In eccordance wllh the methods and princSples of the Slalemènl of Recommended Practice for accounting and reporting by charities (applicable lo chanlies preparing their accounts in a¢¢ordance with the Finanoial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 10211. I have no concerns and have come acr08s no other mallerg n ¢onne¢lion with the examlnalion lo which allenllon should be drawn In th18 report In ordèr lo enable a proper understanding of the accounts lo be reached. Phllip J 8urton 8Sc FCA Bronsens Charlered Certified Accountants Eden House Two Rivers Business Park Wilney Oxfordshlre OX28 4BL 16 December 2025 Page 4
THE SALLY AND JOHN RIDEAL TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Period 23.3.23 lo 31.3.24 Total funds Year Ended 31.3.25 Unreslrided fund Nol8S INCOME AND ENDOWMENTS FROM Donations and legacles 500 3.505,500 Investment income 81,690 23.249 Total 62.190 3,528.749 EXPENDITURE ON Ra151ng fund8 22,728 4,045 Charltable actlvltles Grantmaking 316,851 10,000 Other 96.301 Total 435.878 14,045 Nal galns on Investmen18 53,195 153,538 NET INCOMEI{EXPENDITUREI 1320,4g3) 3,668.242 RECONCILIATION OF FUNDS Total funds brought forward 3.668,242 TOTAL FUNDS CARRIED FORWARD 3,347,749 3,668,242 The notes form part of these financial statements Page 5
THE SALLY AND JOHN RII)EAL TRUST LTD BALANCE SHE 31 MARCH 2025 31.3.25 Unreslrlct8d fund 31.3.24 Total fiJnd$ Notes FIXED A88ET8 Inv•8tmgnts Investments Invo$tmenl prope 2,807,296 670,000 2.912,785 3,477,290 3,682,785 CURRENT A88ET8 C88h al bank 114.843 6,457 CREDITORS Amounts falling du6 wlthin ong yogr 10 1244,3901 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA8ILITIE8 3,347,749 3,668,242 NEf AS8ETS 3 347 749 3 668 242 FUNDS Unf961rtctgJ fund8 3 347.749 TOTAL FUN08 3 347 749 3 668 242 Tho chadtable company18 entIts to exemptlon from under S8cdon 477 01 th8 ComponS98 Ath 2tWJ6 for tho yeor 9nded 31 MBrch 2025. The members have nol r8quir8d the company to obtsln an audlt of Its flnanaal slotements for the year endgd 31 March 2025 In accordance wlth Seollon 476 ofthe Comp8nie8 Act 2008. The Iru¥leg9 ackn¢)wlodgg tholr re8ponslbllitigs lor (8) ènsurlng th81 the charbt8ble company keeps accounllng records thal compty wllh Secoons 3BO and 387 of the Companlos Act 2006 and Ib) preparfng flnancial slalemènls whlch give a tru& and falr vl8w tsf the stalè of 8ff8lr8 of the ¢harit8ble company as at the end of e8th fin8ncl81 year and of tts sury)lus or delicil lor eath finanrAal yeBr in accordancè vAth th8 rgqulr8rn8nls ol Soctlons 394 and 395 8nd whlch otherw188 comply th the requlremenls of the Companles Ad 2008 rel8llng kn financlal slalement8, 80 far as appllcable lo the charltable company. Th888 financlal 81atsments have beon pr8par8d In accordanca wllh th9 provlslon$ appll¢**b lo ¢harllablo compan188 subhect lo th8 small companle8 reglmg. Thè financlal stst6men18 were approved by th& Board of Tru81geJ and authorTraed for Is$ufj on 16 December 2025 ond were 81gned on Its behalf by.. J/AcLknL J M C Rideal - Trvslèè The notes loThn part of Ihese flnand81 st8lements Page 6
THE SALLY AND JOHN RIDEAL TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of prgpailng the flnanclal statoments The financlal slalemenls of the charitable company, which is a public benefit enlily under FRS 102, have been prepared in aGcordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities.. Slatemenl of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicablo in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls have been prepared under the historical cost Gonvention, with the exception of inveslrnenls which are included al market value, as modified by the revaluation of certain assel5. Incomo All income Is rècognised in the Slalemenl of Financial Activities once th8 charity has enlillemenl lo the funds, It is probable that the income will be received and Ihe amount can be measured reliably. Expondltur8 Liabililies are recognlséd as 6xpendilur6 as soon as there Is a legal or con51ruclive obligalion commilling the charity lo that exp8ndilure, il is probable that a transfer of economic b8n8fils will be required in selllemenl and the amount of the obligation can be measured rellably. Expenditure is accounted for on an accruals basis and has been classified under hea¢Jings that aggregate all cosl related lo the category. Where costs cannot b8 directly allribuled lo particular headings they have been allocaleé lo acuvilies on a basis consislenl with the use of re50uices. Grants offered subject lo conditions which have not been mel al the year end dale are noted as commitment bul not accrueé as expenditure. Investmont propèrty Invaslmenl property is shown al most recent valuallon. Any aggregate surplus or deficll 8rlsing from changes In falr value Is ffjcognised in the Slalemenl of Financlal Actlvilies. Investment property 18 Inltbally recorded al Cost, which includes purchase price and any dlre¢tly atlrlbulable exp8ndllure. Investment property is révalueé lo ils falr vale al each reportSrKJ dale and any changes in falr value are recogni88d in income or expenditure. If a reliable measure of fair value is no longer available wllhoul undue cost or effort for an item of investment property, il shall b8 transferred lo tangible assets and Irealed as such unlll il Is expected that fair value wll be relablY measurable on an ongoing basls. Taxatlon The charlty is exempt from corporatKJn tax on its charitable activitie5. Fund a¢countlng Unreslrlcted funds can be used in accordance wllh the charilable objectives at th8 dis¢r81ion of the Iru5tees. Reslricled funds can only be used for particular reslrlcled purposes within the objects of the charily. Reslriclions arise when specified by the donor or when funds are ralsed for partiGular reslricled purp08es. Further explanation of the nature and purpose of each fund is included in the notes lo the financlal statements. Page 7 continued...
THE SALLY AND JOHN RIDEAL TRUST LTD NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES Pertod 23.3.23 to 31.3.24 Year Ended 31.3.25 Donations Legacies from John Rid8al (deceased) 500 5,500 3,500,000 500 3,505,500 INVESTMENT INCOME Period 23.3.23 lo 31.3.24 Year Ended 31.3.25 Rental incom8 from investment property Income from listed Investrnenls Deposit account interest 4.000 19,247 61,669 21 61,690 23,249 RAISING FUNDS Involtmant managom•nt co8t8 Per0d 23.3.23 Year Ended 31.3.25 31.3.24 Portfollo management Property repairs and maintenance ¢harge$ 21,608 1,118 4,045 22.726 4,045 GRANTS PAYABLE Period 23.3.23 lo 31.3.24 Year Ended 31.3.25 Granlmaking 316,851 10,000 Page 8 continued...
THE SALLY AND JOHN RIDEAL TRUST LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 GRANTS PAYABLE - contlnuod The total grants paid to institutions during the year was as follows.. Period 23.3.23 to 31.3.24 Year Ended 31.3.25 Gold from the Stone Foundation Articulate Cultural Trnsl Alex Timpson Trust Family Rights Group Happy Days Children's Chartty National Home Project 10,000 27.100 20,000 109,751 30,000 120,000 306,851 10.000 TRUSTEES, REMUNERATION AND 8ENEFITS There weffj no Iru81ee8' remunerallon or other benefits for the ye8r ended 31 March 2025 nor for the period ended 31 March 2024. Tru8teo•' expen8•B There were no Iru51ee5' expenses pald for the year ended 31 March 2025 nor for the perlod ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrlcled fund INCOME AND ENDOWMENTS FROM Donations and legacies 3,505,500 Investment income 23,249 Total 3,528,749 EXPENDITURE ON Raising funds 4,045 Charitabl• actlvltl Granlmaking 10.000 Total 14,045 Net gains on inv851ments 153.538 NET INCOME 3.868,242 TOTAL FUNDS CARRIED FORWARD 3.668.242 Page g conllnued.
THE SALLY AND JOHN RIDEAL TRUST LTD NOTES TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED 31 MARCH 2025 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Al 1 April 2024 Additions Disposals Revaluations 2,912,785 565.973 1820,7401 (50.7221 Al 31 March 2025 2.807,296 NET BOOK VALUE Al 31 March 2025 2,807,2g6 Al 31 March 2024 2,912,785 There were no investment assets out5Ide the UK. Co81 or valuallon 8131 March 2025 18 represented by.. Llsted investments Valuation In 2025 Cost 154,982 2.652,314 2,807.296 INVESTMENT PROPERTY FAIR VALUE Al 1 April 2024 Impairments 750,000 {80,000} At 31 March 2025 670,000 NET BOOK VALUE Al 31 March 2025 670,000 At 31 March 2024 750.000 The Investment property has been revalued by the directors lo refflecl ils estimated open market value. Page 10 continued...
THE SALLY AND JOHN RIDEAL TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 10. CREDITORS, AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Grants payable Accrued expenses 239,590 4,8(10 244,390 11. MOVEMENT IN FUNDS Nel movement in funds Al 31.3.25 At 1.4.24 Unrostrlctad funds General fund 3,668,242 1320,493} 3.347,749 TOTAL FUNDS 3,868,242 {320,4931 3.347.749 Nel movement in funds, induded in the above aro as follows.. Incoming resources R&sources expended Gains and Movement losses In fund8 Unro8trScted fund• General fund 82,190 1435,8781 53,195 1320,4931 TOTAL FUNDS 62,19) {435,878) 53,195 {320,4931 Comparatlvo8 for movomont In lund• Net movement in funds At 31.3.24 Unrestrlcted fund8 General fund 3,668,242 3,868,242 TOTAL FUNDS 3,668,242 3,668,242 Comparative nel movemenl in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund 3,528,749 114,0451 1 $3,S38 3.688,242 TOTAL FUNDS 3,528,749 {14,045) 153,538 3,668,242 Pag8 11 continued...
THE SALLY AND JOHN RIDEAL TRUST LTD NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page12
THE SALLY AND JOHN RIDEAL TRUST LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Period 23.3.23 to 31.3.24 Year Ended 31.3.25 INCOME AND ENDOWMENTS Donations and legaclo8 Donaltons Legacies from John Rideal (deceased) 500 5.500 3,500,000 500 3.505,500 Investrnont Income Rental income from investment property Income from listed investments Deposit account Interest 4,000 19,247 61,669 21 61.690 23,249 Total Incomlng resour¢o• 82,190 3,528,749 EXPENDITURE InVlMent management ¢o•t8 Porlfollo management Property repairs and maintenance charges 21.608 1,118 4,045 22.728 4,045 CharlLible actlvltl•s Grants lo Inslilulions Grants lo individuals 306,851 10,000 10,000 316,851 10,000 Support Costs Flnanco Bank charge8 72 Gov•rnanc• costs Rates and water Insurance Light and heal Postage and stationery Legal and professional fees Accountancy Office equipment Travelling Computer costs Impairment losses - inve51menl property 2,209 811 489 599 950 9,816 661 210 80,000 96,229 This page does not form part of the stalulory financlal statements Page13
THE SALLY AND JOHN RIDEAL TRUST LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Period 23.3.23 lo 31.3.24 Year Ended 31.3.25 Total resources expended 435,878 14,045 Not {•xp•ndlturg)IlnGome b•for• galns and 108898 1373,6881 3,514,704 Roallsed rocognls•d g¥ln3 and 108808 Unr8alised gainslllosses) on fixed asset investments R8alis8d gainsl{lossesl on fixed assot investments 19,955 153,538 33.240 N•t l•xpendltUfelllncom• (320,4931 3.668,242 This page does not form part of the slatulory financial statements Page 14