THE RICE-JONES CHARITABLE TRUST
The charity supports students who show academic promise and who aspire to become a lawyer (either a solicitor or a barrister) or a doctor but do not have the financial means to fund their studies or associated expenses.
Financial health, per its FY2025 accounts
The accounts state that the trust holds unrestricted reserves of £227,798 and endowment funds of £3,929,082, resulting in total net assets of £4,156,880. The trustees report no specific reserves policy target, noting there are no ongoing financial obligations other than small administrative expenditure. The trust confirms it has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Michelmores Trust Corporation Limited was a corporate Trustee of the charity until 6 March 2024. The directors of Michelmores Trust Corporation Limited were also partners of Michelmores LLP. During the year ended 5 April 2024, solicitors fees of £6,469 were invoiced by Michelmores LLP.” — page 15
Structured financials (annual return, FY ending 05/04/2024)
Trustees
- Anthony Simon Fontes
- Peter Richard Haigh-Lumby
- Simon Barnett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £88k | £55k |
| 05/04/2024 | £4.1m | £11k |
| 05/04/2023 | £31k | £32k |
| 05/04/2022 | £28k | £31k |
| 05/04/2021 | £65k | £60k |
Common questions
Is THE RICE-JONES CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the trust holds unrestricted reserves of £227,798 and endowment funds of £3,929,082, resulting in total net assets of £4,156,880. The trustees report no specific reserves policy target, noting there are no ongoing financial obligations other than small administrative expenditure. The trust confirms it has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.