REGISfERED COMPANY NUMBER: Tr744(rf115 (Ethtl#ttd #•d Wales) RECISTERED CHARITY NUMBER: 1141S46 of the TrM5ttts affjd f the Ye*r E 31M* 2•24 Tht Primei Tr¥st Thildrem's Cha Ltd Aco Walku5 Acly)w￿ts Lirnitoj Airc5i¢k H( Aire5ide Busintss Ccntre Royd Ings Av•)ue K¢ighley W£st Yorkshire BD214BZ llllllll *A083V0PN* (A10912024 COMPANIES HOUSE A13 Tn￿ Ctsildr¢*'$ Ch• Lid •f Fin*•cial eartttded 3] Martb 2024 forthe I to 2 Balance SI￿ 5 to 6 N•tÉs to tbt FiTh*•ti*l St•temt•ts 7 10 12 13 e Trmrt Cbi rtoftheT r eDdeO 31 M*rch 2 f•r tht Tr trth5ttts vtho are al￿ dirt£tors charity for the PUTFM)w of the Act 2(￿. w¢sent their Tep)rt with the financial #aterrtnts of the charity for the year eThloJ 31 March 2024. The trustrts kne adoNed thc provision5 of Accounting a￿d Rep)￿ng by Charitis SlaterMrt of RrA¥JM￿ Pr*irt applicable to charbtias prqwing their a¢counts in aw)rdanc£ with the Financial R4￿rtIng St4ThJ¥d appli￿￿e in the UK and Rewblic of Irelatyj (FRS 102} (efftctive J January 20191. OWECTIVES AND ACTIVITIES Obj¢¢tivtt ¥*d The aim of The Printhple Tn￿ Childm's Clwity tAd is lo inyme q￿lIty of life for youn8 childrcn and their families who are disadvdntagcd wciajly. ￿YsIcaLlY a￿d wN)lionally &8 a rtyjlt of extreme t￿rty or disability. The Trustoffer5 the provision of of Me of their six holi* Ih)se disthartage4J families WIK) wwld o(Imvise 0¢ have the OPFKthity of a holiday. We w4)rk with many Organi￿1￿￿$ othj lo¢al YortshÈre io idtzrtify thildrtx wtho ben¢fiL In exctss of 5,(KK> ¢hiidren kve ￿ far fmm a IKJliday in a Tn￿ holiday home to Il*. We are c4)mnMtted to tnsurin8 we can contiThx lo offer thildrtn ¥xe ¢ither disabled or have s￿1￿1 needs famili￿ this Op￿)rtyJTrlty. We are wtyking h*d with our refemal parnus to ensure that the knlid&y hon￿5 are fully ¢xcupied thr￿gI￿rt theyear. We 4Te abl¢ w W￿lde 220 *rzks free holi¢kn In OTikr to be able to maintain the IK>liday cover the &)rttin￿ ￿ increw the rrtlmber of ho￿￿5 thieh the Trusi own gnd io offer ev&) more fre£ IKkliday4 theTnts*es and VoluTrteeTS are ¢￿tinU￿lY l(KJking ￿ identify efftttive fiujd rnising opp)rtunitieg. of rnising the profile of the Charity in Yorkthire &ThJ id•llifying new of income. Th¢ Trns¢¢es have awj to extend the L*aTity offerin& intrLKlwal in 2023. of pmviding a fo(xl hamw to all children and families att&￿in8 the IK¥me5.. STRUCTU￿ COVER14Af4CE Af4D MANAGEMENT CovtrDiDg dorqJDeDt Th¢ ch¥rity is (xjntrollal by its 8overnin8 a dttd of aThJ a limittyj limited by giwart &s defined by the Companie5Act 2￿6. REFERENCE A]¥D ADMINISTRATIVE DETAILS R¢gut¢r¢d ttuthbtr 0744(X)1S (EngLaThJ and W￿e$) Registered Cbarity nufflber 1141546 Reg¥tered Offite Airedale Busine&s Centre Milleniurn Road Skipton North Yorkshire BD23 2TZ T￿￿te C Carnpbdl M J Davies A M Davies A H8rdin8 S Thom&8 (resi8ned 1.1123) S L Barraclou8h (aNx>inted 1.124) The Primti Tn￿t Ltd rtoftheT e4r eud•J 3J Martb 21124 f•rthe REFERENCE AND ADMINISTRAT1VE DrfAILS I1￿ependent Ex*rnlDtr Mithael William Procttr FCA Walker5 Artounthnts LiMi￿j Alr￿ide Hoy Aire5ide Busintss Centre Royd Inpp Avcnue K•Bhley W¢# yo￿$hire BD214BZ Approvoj by ots ofthe ix)ard oftrws¢aon 28 May 2024 and siwxd on its by: M J Davic5-TnJ*ec Ind ndent Exami Tbt Princi r'sR to lkn Trnsltts of hildrtm's Ltd Independent examiner'5 r¢iKirt t• tht trwstets •f Tthe Piithtiple Tr*st Cthildrtn's Charity IAd ('the com￿ny,> I reEK¥rt to the dwity tru5tCf5 on my exarninati(ffi of tht of thecmw for tht yearcndcd 31 M8r¢h 2024. RtSPOD$ibili¢its xnd b¥$is of rtport As the charity's trusttes of the Compwry (and alw its diTeaoTS fi)r the of law) you are re5rA)n5bble for the preparation ofthe accwnts in acts)r￿￿Ith the of tr Conynies Act 2{￿{kn 20(￿ Arf). Having satisfied myself the thxwits of the CwtAny are Mt rtqUl￿d kn be a￿j11C￿ UTHkr Part 16 of the 2(K)6 Ad and ar¢ eligibl¢ for TrndeF*nththt examtwion. I re￿rt in reswxt of rny exam1r￿tion of your dwty's a¢cwnL8 &$ ￿Tri out u￿r Secaion 145 of the Charitie5 Act 2011 Ohc 201 J Acf). In c￿YIng out my eKamin*ion I have followtd the DiTEc¢ions gbven by thechotity Conwiissi(m und¢r Se4Mion 14515}Ib) of the 2011 AI IndependeDt exwDlne￿S ststeaen¢ I have o)nwle¢ed my eXan￿[￿liON l o)nfirni th* ￿ve io my attention in connection with the exaiIuI•tioiJ 8iving m¢ ¢aus¢ to Wieve: act￿nting rer•rth not kept in ofth¢c￿ asrcquird by SeaM)n 386ofthe 2006 A(% or the accounts th nol comply with the XLXMthting requirtmcnts of Section 396 of the 2￿6 Act than any requirementthatthe aecounts give alNe aThJ f￿r viewNthith 15 a matter ¢thsidernl as wi of an Ir￿c￿endent examination" or the accounts have prqMr•J in Tr￿thiS 2nd principl£8 of the Statemcni of Recommended Practice for acwuntsng arwj [cr￿1Thg by dwhti£s (applKable ￿ Chariti￿ t¥tF)2rin8 their ac£ounts in ac(ordaJ)c¢ With the Finath¢ial Re&￿ing Stsjthxd appli¢abl¢ in UK and Rep￿11¢ of Irelaod (FRS 102)). I have rKJ concerns and have come acrn&s Th) other mattess In c4)nnection with the exarnination ￿ thi¢h should be drawn in thi5 ￿p)rt in orthr￿ cnable a pn)w undu4amthng of the a(xxN]Dts to be reached. Michael Willi8rn Procler FCA The Instittrt¢ of Charttroj A¢¢ow)Wts in E￿*￿1 and Wal Walkers Acwuntarts Limited Airfssde House Airwid¢ BUSEn￿ Cthtye Royd Ings Avenue Kcighley Wcst Yorkshkr¢ BD214BZ 28 May 2024 Tr Print ststtmeDt of for the e4T endAI JI ma￿11 2024 31J24 31.3.23 Total UnIt￿]C￿l Restrcred Noto IIYCOME AND ENDOWMENTS FROM Donatiofb$ ¥ThJ l¢ga¢i¢s 143.OS4 143.054 143.392 Oth¢rtr*Jin8adivities Investment Lncome Other io¢om¢ Tl,074 77.074 611 73.536 91 118.946 TotAI 220.739 220.739 335,965 EXPENDITURE ON RAisin8 fi￿￿3 257.073 257.073 174.646 Ch¥rilable aclivilie5 T•tsl 257.163 257.163 174.646 NET INCOMFJ(EXPENDTfuRE) {36,424) (36.424) 161 J19 RECONCILIATION OF FUNDS Tolal fwjds bwught forwgrd 441099 442.099 280.780 TOTAL FUNDS CARRIED FORWARD 405.675 405.675 442,099 ThePri Tr￿St Child B•1* 31 M*nh 2024 31J24 31.323 FIXED ASSETS Tangible &$5ets 369,076 3691176 416.986 CURRENT ASSETS Debtors io 441 83.7(Kl 1.029 75,577 83.7(XJ 84.141 84.141 76.606 CREDITORS AnM)ut)ts fallin8 due *ithin one year (6.l36) (A136) 14,837) ETCIJRREI¥T ASSEIS 78.(M)5 78,W5 71.769 TOTAL Assrfs LESS CURRENT LJABILITIES 447.081 447.081 488,755 ACCRUAtS AND DEFERRED INC(AME 12 {4l.41h) 141,4 (4W6) NET ASSETS 405,675 405.675 441099 13 Unrc5tricttyJ funds 405.675 442.099 TOTAL FUNDS 405,675 442.099 Th¢ ¢h8Titybl¢ o)mwy is to extyton from wdii wmkr Sedion 477 of the Cowies A¢t 2W6 for the year erthd 31 March 2￿14. The membu5 have ￿t rquirryj comFOny lo oiknin ￿ #udit of IL8 Er•rtial the year cnded 31 m￿￿h 2024 in with Sedion 476 ofthe CoEnpanies AQ 2W6. The trustees acknowledge their rcswibilities for (al ensuring the ¢h8ritsbl¢ ¢(Knpw)y kerys aw)thXFng rxords thx L¥ryly with Sr4Aions 386 ar¥J 387 of the Companies Ad 2￿6 4T (b) prerAnn8 financi￿ statements thich 8ive 8 tnje arKI fair view of of affaits of the ¢haritsbl¢ wmpany gs at the ertd of e4ch financial yt4r arwj of its surplu5 or deficit for fiyw¢iaJ year in acwrdanct with the requirements olS¢aions 394 aThl 395 atsj ￿1th oth¢Th¥￿ comply with th¢ requirernts of the Coryanic5 Act 2￿6 relating to financia] slaLenxnL% g) far ¥ arTJlic2ble to the charitable company. The fomi of financial stat&wLs The Prin 31 Marfb 2024 subjeAto the srnajl ]wm¢ The fiTwKial $We￿nts *v¢ aFproved by the Board of Truaea •tsJ hr issue on 28 Mrj 2024 and wve SI￿¢d on iL8 t*thalf ty". MJD•vtu-T t¥r endtd 31 M*rcb 2024 ACCOUiYIINC POLICIES Basis of prepwrlng th¢ fina•d￿ Stst*￿ellts The finaEKio1 ststeN*nts of the charilable LY)rnrAny. whith is a wblic irnefit entity under FRS 102, hav¢ be¢n prepared in accordance with the Charitie5 SORP (FRS I￿2),A¢￿v￿1rtg 3Thd Re￿It￿B by Clwritit&" Statem￿1 of Reeornmerthd Practice aFplirabl< ¢0 ￿11145 Fry)ating their *e4)unts in ae£4)fdance wth the Financial R¢p)rfing Standard appli¢able irt the VK and Republic of IrelaThJ (FRS I021 (effedivc l January 2019y, FiDanctal R¢p)rting S¢arEdard 102 Tr Financial ReiAXtin8 stand￿ appliLxIAe the UK aryj Republic of Ireland and the Conpnies Act 2006. The fwArKiai strate￿￿￿ts have bren ￿eP￿ed w)der th¢ his￿1￿1 cost All incorne is re￿WIlSe￿ in the Stste￿￿ ofFirwKial ALXiwtie5 OTtt the tharity ￿titleMent to the fiJThd8 it s prolmble that the inwme ￿711 be 1cc￿v￿j aThJ the r¢liably. Exp¢thdi¢ure Liabilities are reco8nis&J &$ ex￿ndits￿e &s XA)n as there i5 a le8aJ or obligation o)mmitting the charity to that expenditiw¢ it is proFAbk that a trdD5fer of E¢n¢fits will i* rqu1j￿fj in sdt]eftxnt and the atnouni of the obligation be measur&1 reliably. F￿lt￿￿ is accounted for on an acavals and has clwifitsj Ltrtder headings that a8grtgate all o)sl relatrd to the cawry. Where e•nnot ￿ di￿lY attributed to wicujar hain8S tlw have betn all0￿d to x*vitics on & basis t(￿1$￿1 with the of T#ttgible fu¢d 4$8¢ts Dewe¢iaDon is pmvided at the follow￿n& r*5 in (th off eath over its C￿lm￿j usefvl Frethold prnp I(PA on L¥St All ftxtsj &ssets awe * ¢ost Itss *xarnu]o*d Co# in¢lud¢s ¢ythditure that is directly attributable to Ixinwng the &85d to the ￿lon aThJ l￿MIltiOn nee¢swy for it to be cl￿ble of opty*in8 in the manneT intrnded by nw8gemert Rene￿4 rqmirsand D￿1n1¢￿antt are char8ed to profrt aThl loss in thich they are inoJTrrJ. Dtpreci*ion is ¢hatgttl ￿ as to altot* the tost of assets le&% their FesÉduat Val￿ over their eAimated usefijl liv¢s. using a mixturt of n*thots. The thpreciaw tws ate asdetailed alM)ve. Th¢ &85ets' re5iduaJ vgjur4 useful lives and dewwiation are rrviewexL adjLthI pms￿l¥elY if appTh)pri4lr, or if there 15 an i1￿1CatIon of a Signifi(￿¢(ha￿gc si￿¢ the last rewl￿ng datr. ImpiTJn¢n¢ of fJx¢d w5¢ts At each bala￿¢ sheet date, the Company reviews the ¢aNying arth)Lfftts of its property, plant and equipment to dcttrniine ￿ther thcre is any it¥Jic4tiotrJ that any ittftL% of proixrty. pLgnt and e4WtpmaJt have sufftred an impAirment lo&s. If any such indicalions ex1￿. the TfS)verablt an¥)unt of an i5 e5tirnated in order to detennine the Extent of the impwnnent1054 if any. Where it IS IK)t rA)wble to e5tiTnate the rewvernble Omowii of the weL the CoMp￿Y ¢Stimates the Tt¥maable an￿Unt of the c•sh-gerLtrhting unit ￿ *thi¢h th¢ belon￿. If the rwovernble artN)um of is Iw its (2rryin8 the cAryin8 of the v¢1 is reduc￿1 io its re￿v￿able ImpirnKN is an expuw tmmubately. ithued... Tntst Children's Cb* . Notts to the FiMMti*l Stst for tbe exr ended 31 M#r¢h 2 ACCOU]¥T]IYG POLICIES- (MtiBued Tangibk r￿e￿ Where an impairnjent 10&5 r¢strves the caryirwg anx)tsnt of the is to the revise4J ¢Mimate of its r£¢overabl¢ aft￿¥￿1 that havebe 31.3.24 31.323 Independeni examiner fees tkpreciation. owr*d assets Other operating l¢&s¢s Surplu5 on di4x*sal of fixed assets 930 47.910 104.802 810 28,387 53.072 {118,946} Page 8 u)ntinued... The Pri•ci for tbt e4r ¢od¢d 31 M8rcb 2024 TRUSTEEV REMUNERATKif4 AND BENEFITS 31 Marth 2023. Thrre w¢re ￿ trus*es' exp¥w pid forthe year end>J 3] March 21124 Th)r for thEy¢ar 31 March 2023. STAFF cosrs The avern8e rnnthly n￿b£rofe￿wIoyc¢S d￿1￿ thcyc4rw&% &% folJoK" 31J.24 31J23 Supwrt ciists COMPARATIVES FOR THE STATEME￿roF FINAf4CIAL A￿v￿riF3 UnT¢Stritt INCOME AIYD ENDOWMENIS FROM DO￿tionS and legaci 143J92 143J92 Othertrading activities Inves￿[bt income 73.536 91 118.946 73.536 91 118,946 To¢•1 335965 335965 EXPENDfTURE ON Raisin8 ffijnds 174,646 174.646 NET INCOME 161,319 161 J19 TraDsfers belweeD (iJoo) 161819 (1)￿) 161J19 RECONCILIATION OF FUNDS Total fimds brou8ht forwdrd 2792PAI I JCK) 280.780 TOTAL FUNDS CARRIED FORWARD 442.099 442,099 Jntin4]ed... The Prioci le Trust Chkn'5 Ltd olt5 to the FiR*Hei*l for the tar ended 31 M#rth 2024 TANCIBLE FIXED A&SETS Freehold PfoF¢ty COST At l April 2023 and 31 M4rth 2024 479.Tr)6 DEPRECIATIOIY At l Awil 2023 Charge for y 62.110 47.910 A¢ 31 MoT¢h 2024 110.020 IYET BOOK VALUE At 31 Mwrh 2024 369,076 At 3 1 March 2023 416,986 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J24 31.323 PrepayftKnLS 441 I.￿29 CR8DITOKS: AMOiJNTSFALUNG DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade c*eAikns Social security and rrthcr t&XC5 (Xhcr creditor5 2.834 1.438 735 292 810 6.136 4.837 12. ACCRUAIS A]¥D DEFERRED II¥COME 31.3.24 31J23 Deferred Capit￿ 8r8nts 41.4LY) 4(656 13. MOVEMENT IN FUP4DS Nd At 31.3.24 At 1.423 Unrestrirted fryDds G¢nenJ fwtd (36.424) 405,675 TOTAL FUNDS 441(Y)9 {36.424)- 405.675 P88¢ 10 )ntinutd... Tbe Princi le Trust Ltd tht for Ibe e4r 31 Marth 2024 13. MOVEMENT IIY FIJNDS. c•￿1 N¢t ftweffl￿ iTh funds I￿l￿ded in the aknve areas folloN in fitnds Gutral fund 220.739 (257,163) {36.424) TOTAL FUNDS 220.739 (257.163) (36,424) Ctsmp*rniives lty fv# N# Transfe At 31.3.23 At 1.422 in fim¢ls General fund 279280 161 J19 442.lw Restrided fuDd5 Holiday hom¢ (l,5r￿} TOTAL FUNDS 280.7&) 161 J19 442,099 Ctsmp*ative m)vement in fia)d& induded in atK>v¢ aff &8 follow5: lfv)miDg in funds U￿r#￿i¢l*ll fv*d$ General fimd 335.965 (174.646) 161,319 TOTAL FUNDS 335.965 (174,646) 161J19 A (xwtent year 12 aNJ prKY year J2 Tnonths (trfnbDx4J ￿￿1￿)n isas folk)w%" Net TrnrL%feTS At 31.3.24 Ai 1.422 in fi¥xls Unrt5trict¢d Gcneral fund 279280 124,895 1S¢M) 405,675 Holiday home (1.5(￿) TOTAL FUNDS 280.7PA) 124.895 405,675 cortinued... Trnst CluldreA's Ckn ' Ltd for the ear effjd￿ 3J Mareb Z1124 13. MOVEMENT I1¥ FUNDS- CODIiD•t41 A tyjrrent year 12 and prior yf• 12 tt21 nKivemeTrt in included in the atr*)ve are as follow&" Re9)Ur￿5 MovenKnt Vnr¢strieted [￿￿9 General fi￿4 556,704 (431.809) 124m5 TOTAL FUNDS 556.704 (431.81WJ) 124.895 14. RELATED PARTY DISCLOSURES Thue Mrre related prty transxtiorts forthe ye8reth 31 March 2024. Page 12 tstewnt Of Arti4titit> tgr t#tld 31 Matth 2(124 31J24 31J23 INCOME AND ENDOWMEr DOllatio￿ *nd leg8eits Gifts th)nations Grants 92.736 50.318 100,772 42,619 l43,054 143.392 Other trading *¢1Switt Fundraistn8 evenL8 77.074 73 J36 IDvestffjeTrt ineome De￿$11 aixixini intrr¢ 91 Othtr Income Gain on sale of ¢angiblc fixed &%5¢ts 18.946 Tolal in¢•rniDg rt￿Tt 220.739 335.965 EXPENDITURE Raksittg donxii0tt8 *•d Itg8dts Fund raisin8 cosLs 36.037 26.640 S￿PPort costs M¥n¥g¢m¢nt Wages Sundri&s 65,124 2,1rii 64,751 67.145 65.651 FinaDee Site fees Bank ¢harges Deweciation of frethold pro￿rtY 104.802 53.072 73 28,387 47,910 152.858 81.532 Govern%net costs Tndcrkndent £xamirKr ftts Legal fees 930 193 810 13 1.123 823 257,163 174.646 Ne¢ (expeDdlthrey￿cO (36.424) 161 J19 Page 13