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THE DAISIE RICH TRUST

Registered charity 1203811 · accounts filings on the Charity Commission register

The Daisie Rich Trust makes grants to former employees, or their dependents, of Upward and Rich Limited, who are necessitous and deserving, at the discretion of the Trustees. Further grants and donations are made to charitable trusts, charitable entities or other organisations with charitable aims, in each case for the benefit of the Isle of Wight and its residents.

Causes: General Charitable Purposes · The Prevention Or Relief Of Poverty · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£157k
Latest spending
£180k
Registered
2023
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted funds of £3,997,524, which significantly exceeds its stated reserves policy requirement of £211,209. The trustees confirm that the reserves policy is being met and that the charity has assets capable of being realised immediately of £2.45m to support its operations and grant commitments.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Investment income
“Investment income 2 76,141” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: twelve months operating expenditure plus the amount committed to grants in the next twelve months, together with the value of any grants committed for a period of longer than twelve months (held: £4.0m)
“The trustees consider that it is necessary to hold free reserves that amount to twelve months operating expenditure plus the amount committed to grants in the next twelve months, together with the value of any grants committed for a period of longer than twelve months, As at 31st March 2024 the total of free reserves required is calculated as being £211,209” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Sheen Stickland. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

3 registered titlesin England and Wales held by the charity’s company or corporate body (3 freehold); recorded price paid £375k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Isle Of Wight

Income and spending

Financial year endIncomeSpending
31/03/2026£157k£180k
31/03/2025£174k£200k
31/03/2024£86k£82k

Common questions

Is THE DAISIE RICH TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted funds of £3,997,524, which significantly exceeds its stated reserves policy requirement of £211,209. The trustees confirm that the reserves policy is being met and that the charity has assets capable of being realised immediately of £2.45m to support its operations and grant commitments. Its FY2024 accounts were audited by Sheen Stickland.