REGISTERED COMPANY NIJMBER: 0744001S (England and Wale5) REGISTERED CIIARJTY NUMBER: 1141546 rt ofthe Trnstttt #nd Unxlldlted FlnAndl Statemettts the Ended 31 M4rch 2(J2 for The PrlDel k T ChlidreD's Charl td Limited b GurAntee Walkcrs AccouDraDrs Limited Aireside HOSe Alrede Busin Cenfye Royd Ings A¥¢ Keighlcy West Yorkshire BD214BZ 4AEHP59YH 1a112r2025 COMPANIES HOUSE 42
Tb le Trnst 51dre•'$ Chari ConteD¢s of the FinDciI Statements for the r ¢4ded 31 ¢h 2025 Pge Report of the Trust¢ Independent Exmimer's Report SttenLI of FIneI Actlvlti BlaDce Sbe¢t Notes to the Fim*Dcial Statemtnts 7 12 Ikt4lled Statement of Flmnttsl Actlvhlts 13
¢m's IAd R¢ rthe rt of the Trust¢¢$ tr ended 31 Marth 2(125 The ttitsiee$ who are also directors of the ¢lwi"ty for the purposes of the Ci)mpames Act 2006. prcsent their r¢port with the financial ststements of the charity for year etyjed 31 March 2U25. The trustee5 have adopted the provi5Lons of Accounting and Reporting by Cb3ritie5". Statemcnt of RecOMrr1eJ Practsce applicable to ¢baTities pr¢paring their accounts in accordan¢¢ with the Finan¢io1 Reporting Standard applicable in the UK and Republi¢ of Irel8ThJ (FRS 102) (effective l January 2019). OBJEcfIvES AND ACTIVITIES Objecthu and 4im$ The aim of Thc Principle Trust Children's aharity Ltd is to iroprovc thc quality of lift for young chxldr¢n and thEir (arnilies who arc disadvantad slalIy. pbysically and etTW)tionally as a result of extreme pov¢rty or disability. The Trust offers the provision of use of one of th¢ir seven holiday to tlK)s¢ disadvantsged families who would otherwise not hav¢ the oppoknty of a boliday. W¢ work with many orgathisatiotss and lo¢ authorities tWout Yo$bItC to idethify those Children who would benefii. b) ¢x¢ess of 5.600 children have so far benefited from i holiday ID 4 Trust bolmlay Iw)me to date. We are ¢0m]tt¢d to ensuring ¢ontiDue to offcr chil¢Jr¢n who we either di58dvantaged. d)bled or have sp¢¢ial n¢eds and their f•mili¢s this opporbmity. We are wtirkitjg hard witb our Teferra] partDer5 to ensure that the holiday homes aye fiilly occupied thToughout the year. We aTe able to provide arOW 270 weeks free holidays per annutn. In order to be able to maintain the holiday hoD)A cover & costs. continu¢ w in¢r¢ase th¢ ttunther of home5 whi¢h the Trust own and to offer even n]ore free holidays. tbe Tle¢S ar Volunteers 8T¢ continually looking 10 identify effective fid rai51Dg opprtunities , rnethods of raisiti8 the profile of the CIwJ"ty in Yorkshwe ats1 identifyjng new source5 of income. The TTU5tees have agreed cortinu¢ the chan.ry offering, first Intr(d in 2023, of pmviding a food hamper to all children and families att¢ndin8 t1¢ I$.. FINANCIAL REVIEW Flts#ntial posltio The deficit for the year was £39.821 {2024: £36,424) with closin8 Testrves of £365,854 {2024: £405,675). Reserve8 polity The charitys unrestricted r¢serves stood ai £365,854 at the year end, lty deployed. Day to day working capital needs are met by carefvl managenKnt of short terni-liquid resow¢. The truste¢s ¢onsider the l¢v¢l of frtt reserves reasothle in the cirvmistance5 in onler to wver the risks and un¢crtainiies of op¢r¥tsng as an I[ependent cknity. The truste have a mininvjm sustaithility tKJli¢y amountlll8 to £39.IK)Q which ¢qu•ies to appwxim#iely 6 months wa8e ¢05ts. STRUCTURE. GOVERNANCE AND MANAGEMENT Covernithg dotvmtnl The charity is eontrolled by its 8ov¢min8 do¢umenL a deed of aThJ constiDJtes a limited cornpany, limited by guarantee. a5 defined by th¢ Companies Act 26. REFERENCE AND ADMINISTrATITrT DETAILS R¢gistered Company number 07440015 {England and W•le$) Reglstered Chrlty 1141546 Page I
The Prinei le Trnst ChildreTh's Chari ort of tht Trusttts v4r ended 31 Mar¢b 2025 for the Reglsttred office Unit 3c Enlerprise Way Airedale BltsS Centre Skiplon North Yorkshire BD23 2FJ TruAee$ C Campbell M J Davies AMD8vi A Harding S L Barra£lough ITAd¢pendeDt Ex8DDer Michael William Pro¢t¢r FCA WaLker5 Accoutttants Limitcd Aireside Ho Aireside Business Centre Royd In85 Avenue K¢ighley West Yorkshirt BD214BZ Approved by order of the i¥Jard of trustees OD 12 Deeenkn 2025 a1 signed on its behalf ty. M J Davies- Trustee Pa8c 2
Inde ndent Exmiller'$ Rt rt ¢0 the Trustee5 of st Chlldttn, Ltd IndependeDt exminer's rert to the trnstees of Tbe Prilleiple Trust Childre'$ Charity L¢d ('tht CompaDy') I report to th¢ ebarity trust5 on tDy cxamination of the accounts of the Company for the y¢arended 31 Mar¢b 2025. Resptsn5ibi]ithes aod bA515 of report As the charitys trusrecs of the Cornpany (and also its dircctors for tbe purp05C5 of cornpany law) you are responsibl¢ for th¢ pr¢paratitsn of the aecounts ID a¢cordaTK¢ Witb the tequirllts of th¢ ConwDi¢5 Act 20061.tk 2006 Ac¢). Having satisfied myself that the accounts of the CornpaDy are not requited to be audited under Part 16 of the 2006 Act and are eligible for independent examinaiion, I rqjort in Tespect of my examination of yow charitys ats as Carried out uthder Section 145 of the Chayiiies Act 2011 {'Ihe 2011 Act). In carryitig out w exoiniDatiOn I have followed the Dir¢¢tions V¢th by the Chan"ty CottrniKiOtt Under S¢¢tion 145(5) (b) of rhe 2011 A¢t. llldepeDdent eximlDer's stattment Since your cbarity5 gross iJKome exceeded £250.CW your cxaminer be a nmbtt of a lisied body. I can ¢onfirm that l am qualified to undertake the examination because l am a rncrnbeT of the Institute of Chartered Accountants i England at3d Wale4 w.Cb is one of the listed bodies. I have ¢ompleted my examination. l ¢onfirn) that no mattets h&¥e com¢ to my artention in ¢owie¢tion witb the ¢xamiDallon gjving me cause beli¢v¢: accounting records were not kept in rw of the Conyany as required by Section 386 of the 2006 Ac¢ or the accouDts do Dol accord with those r¢cor&; or the accounts do no( comply the accouDtill8 requirements of Sectiott 396 of the 2006 A¢t other than any r¢quir¢mettt ibat the ac¢ollnts ve a true athd fair view which is not 3 nwtter Considered as part of aD independent exan]ination.' or accounts have noi beeD prepared in attordance with the Tnetbods and principle5 of the Statenjent of RecornTrKnded PTa¢tice for accounting and rqrtIng by charities (applicable to chan.ties preparin8 their actounts in accordance with the Financial Repcth8 Standard applicabk in the UK and Rwbli¢ of Ir¢land (FRS 102)). I hav¢ no ¢on¢erns and have come a¢ross no oih¢r moNeTS in ¢onnectiott with the examination 10 which altention should be drawn in this report in order enable a prop¢rundeTStanding of the attounts lo be re4che(L Michael William Proci¢r FCA The Institu1¢ of Chart¢red AOUntants in England aThJ Wales Walkers Accountants Linjited Aireside House Aireside Bus1t)e C¢tttre Royd Ings Avenue Kcighlcy West Yorkshire BD214BZ 12 December 2025 Pag¢ 3
h¢ Prlnei 1¢ Trn$t Chlldre'$ Ch#rl Statement of FiDantial Activities M•r 31.3.25 Tothl fi]nds 31.3.24 Total INCOME AND ENDOWMENTS FROM DoDItiOT atyj legacies 182.207 182207 143.054 Othtt tradLD8 activities )v¢sttn¢Dt income 76.558 1,677 76,558 .677 77.074 6Jl To¢•1 260,442 260,442 220,739 EXPENDITURE ON Raisins fund5 293,740 293,740 256.040 Charlt4ble ¢tivltles Goveman¢e coy$ 6.523 6.523 1,123 Tfjtal 300263 3.263 257.163 NET INCOMFJ(EXPENDITURE) (39.821) (39.821) (36.424) RECONCILIATION OF FVIYDS Totsl funds brought forward 405.675 405.675 442,099 TOTAL FUNDS CARRIED FORWARD 365.854 365,854 405,675 Th¢ tyotes forni port of these fiDaDcial StsieDts Page 4
Tbe Prlnt le Trn5t Children'5 Cb Ltd 3]nte S rth2 31.3.25 Totsl 31.3.24 Total Notcs FIXED ASSETS Tangibl¢ assets 358.598 358.598 369,076 CURREP4T ASSETS Debtors Cash at bank io 809 89.734 809 89.734 441 83,7 90.543 90.543 84,141 CREDITORS Anh)unts falling due wrythin one year (34.371) (34.371) {6,l36) NET CURPENT ASSETS 56,172 56.172 78,(K15 TOTAL ASSETS LESS CURRENT LLtBILITIES 414,770 414,770 447,081 ACCRUAIS AND DEFERRED LNCOME 12 {48.916) (48.916) (41.406) NET ASSETS 365.854 565,854 405,675 FUNDS Unrestricted fvnds: General fiLDd Su8tainabiliry pla Site fee$ balantt 2025 Site fe¢$ plan 2026 Operational funds Asset purchase plan 13 276.120 39,000 14,757 30,257 3,727 1.993 405,675 365.854 405,675 TOTAL FUNDS 365.854 405,675 The charitable comp3ry is entitled to exe[[tion from audit und¢r Seclion 477 of the Conwknes Aci 2006 for the year ended 31 March 2025. Tbe bers have ool requiTed the cOanY to obtsin an audit of its financial ststements for the year ended 31 March 2025 in acGordan¢e with sects.on 476 of the Cowies Act 2006. The trustees acknowledge their responsibilities for (•) enswing ihat the choritable Company keeps accountsnB rec4)rd5 comply with S¢¢lion$ 386 and 387 of the Cotnpanies Act 2006 Ind pr¢paring financial statements whi¢h give a mJ¢ FJir view of the state of affai of the charitable ¢ompany as at th¢ end of each fiJwKial year and of its surplu5 OT deficit for each financial year in accordan¢¢ with the requirements of Sections 394 and 395 and thich othenvise comply with th¢ requirements of Ihe Companies Act 2006 relating to fmancial swements. so far as applicable th the ¢haTitable ColnY. Ib) The noies fonn part of these finarKial stat¢n)¢nts Page S coutinued...
The Print k Trnst Childr¢kn'$ Cbrf Balance Sheet- tonlinued These financial statcmertts hay¢ Ixen prcpaTed in xcordance with the provision5 8ppli¢ablc to choTitsbl¢ companie$ sllbi¢¢i io the small companies r¢gittLe. The financi41 si#tements wue apPVed by the Board of TTuse$ atsj •uthoris¢d foT issue on 12 December 2025 and were signed on its bebalf by= M J Davies- Trnstee The rK*tes part of these fi#anCi staiellKThts Page 6
Tbe Princ le Trust Children's Cbari Nole5 to the Finalleial stateDrtt xrt 025 ACCOUNTING POLICALS Bsi$ of preparlng th¢ flnncil ststenRnts Thc financial 81¢11nts of the cbantsblc company. wbich is 8 public benefit tDtity uthdtt FRS 102, have been prepared in accordaDce with the Charities SORP (FRS 102) 'AccouniiDg and ReponiD8 by Cbariti¢$.' Statrnent of Recommended Practice awlicabl¢ to clJariD¢s preparing their accots in accordance with the Financial Reponin8 Standard applicable in the UK artd Republic of Ireland IFRS 102) (effective l JJttuary 2019),. Financial R¢portin8 Ststsdard 102 The Financial R¢portiDg SwJdaTd applicable in the UK and R¢pub]ic of Ir¢land' and the Con4)ani¢s A¢1 2(N)6. The fin111 Stytrrnellts have been prepared under the hRstorical cost onvention. Intorne All income is recognised in the Stat¢t)KDt of Finartcial A¢tivities on¢e the tharity has entitlement to ihe fund4 it S PTobable thai the will be ff¢¢ived a1 the anUt ¢w) b¢ m¢¥suted reliably. Expendlturt Liabililies are re¢ogDiscd as expenditure bs SLW)n as thcrr is a Icgal or cons1TtiVe obligation ¢ommitlD)g th¢ charity to that expenditurc. Lt is probable that a tran5fcr of C¢0MiC benefits will bt required ill scrtlemeni ond the #njount of thc obligatioD can be Teltably. Expenditurc is accountrd foT on an a¢¢mals basis artd hos been classtfied under headings thai aggregate all cost reled to the Category. Where costs ¢aDllOt be directly attributed to paTlicular hudings ib¢y have b¢ets 8llo¢at¢d to activiti¢$ a basi$ cottsistenl with the usc of resource5. Txngible fixed #ssets Depreciation is provided 41 th¢ following onnual r&$ in ordtr to wrhte off each a5sd ovu its estirnated useSJl lifr. Freebold prnperty on cost All tangible (ed assets at C05t les5 accuDwlated depteciation. Cost includes expetsdiwre th is directly attributable to bringin8 the asset to th¢ location and corkn ne¢essary for it to be c¥pable of operntiDg ID the manner intended by managernit. Assets held und¢r finanv ka5e are d¢preciated in the sany mann¢r as owned assets. Ren¢w41s, repairs and mainienorKe are ¢hargJ to profil aThJ l¢)ss during the period in ThlLi¢h they are incu0. Depre¢iaiion is ¢harged so as to alloc£ the c05t of assets less their residual valu¢ over th¢ir ¢]mad use1 lives. using a mixture of mell. The depreciation a a5 detsiled above. The assets. resOual values, lives and depr¢ciatioa m¢thots 3Te revi¢w¢4 aThJ adjusted prospectively if appropriate, or i(there is an indication of a signifi¢ani change $iThc¢ last T¢rtIng dale. Gains and losses on th"sposal are dernJined by ¢ottyan'ng the pNxceds with the carrying amount and are credited or char8cd to the income statemEnl. Impgirmtnt of red assets At c8¢h balaTK¢ sh¢¢t dat¢. the CornpaDy reviews th¢ canying arnounts of its property. plant aThl equipm¢•t to dEtemine whether there i5 at)y indication that any Iter of property. plont and ¢quipmeni hav¢ suffered an impairment lo&s. If any such indication5 exists, thc Tec4)verable anM)uttt of an asset is ¢stimatcd in order to ddern)ine the extent of the impaJrnKni loss. if any. Wh¢1¢ it is not P)s5ible to estimare the recoyerable amount of the assei. the Company esiimaies the recoverable anK>unt of the cash-generating unit to whieh ihe asset belong5. If the r¢¢oveTable anh)uni of an osset is estimated to be less that its canying a)Uni. the canying arnoun¢ of the asset is ffduced io irs re¢o¥eTable ttmourtL Impoirnnt Ios5 15 retO8nised as an expense irnrnediatety. Page 7 continu¢d...
¢ Prlnei Trust Children'$ CbAri Lid Notes to the FinDtil Statements- toffjtitiued for the ear ended 31 March 25 ACCOUNTING POLICIES- eotstlD•td TDglbl¢ rued A$sets Where an impairment lots subsequently reserve8 the carrying amount of the is increased io the revised estimate of its recoverable arnount Ihat would have betn deierniined (net of deptttiation) had no Impairnllt loss be¢n recogni4 for tb¢ ass¢t itt the prH)r ye•r5. A reversol of an impoinncnt loss is re¢o8nised as incomc ]mdialY. Tht charity is exempt from corty&tiontax OD its ¢haTitable a¢tivities. Fund accounting UDrestri¢ted fid$ can be ed in accordaw¢ with the ¢ban"tabk objectives ai the discretion of the Irustees. Restricted fuTKls can only be used for particulaT feStricd Pule5 within the objects of the charity. Restrictions arise when specified by the th)nor or wbett fuThls are rnised for Particular rcstricted pwposes. Further cxplaDation of thc atMI Purp of eadl fuDd is ittluded in the not¢s to the fiDaJ)¢ial stal¢m¢nts. OTHER TRADING ACTIVITIFS 31.3.25 31.3.24 FundraisiD8 even 76,558 77.074 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account ititerest ,677 611 RAISING FUP4DS Rlslng dona¢foD$ kgx¢i¢s 31.3.25 3 1.3.24 FUJMI raising costs Support costs 42.006 251.734 36.037 220,003 293,740 256,040 NET INCOMEI(EXPENDITURE) Net irwmeJ(exp¢t¥litur¢) is after ch4rgitiW(¢mliiing)". 31.3.25 31.3.24 Independ¢nt examiner fees Depre¢iation- owijed assets Other operating leases 930 47,910 104.802 49200 18,851 Page 8 continued...
Tht Prl I le Trust Children's N tes tt) the for tht IDntll StaeementS- toDdDed e*r elldtd 31 March 21125 TRUSTEES, REMUNERATION AND BENEFITS There were no Irustee$' TeiiiuDeTalion or other benefits for the jur ended 31 Mar¢h 2025 nor for the yeaT cndcd 31 MaTcb 2024. Trn$iees' expert Th¢re were no tnte expensts paid foT the >rarended 31 March 2025 Dor for the year CDded 3 l Marcb 2024. STAFF COSTS The &Y¢ra8C rnotrthly numbcr of eDwloyees during the year w&s as follows.. 31.3.25 31.3.24 Support ¢osts No eTDployets received Clu[DEnts in exce55 of £60,(X)O. COMPARATIVES FOR THE STATEMEP4T OF FINANCIAL ACTIVITIES UDrtstri¢ted Restricted Totsl INCOME AND ENDOWMENfs FROM Dottations and legacies 143.054 143.054 Other trathttg activities 1nvesttnei in¢oTne 77.074 611 77,074 Total 220.739 220,739 EXPENDITURE ON Raising fwids 256.040 256.040 Charitable 8ctivJtles Governance costs l.l23 1,123 T1 257.163 257.163 NET INCOMFJ(EXPENDITURE) {36,424) {36.424) RECONCILIATION OF FUNDS Total fijnds brought forwaTd 442.099 442.099 TOTAL FUNDS CARRIED FORWARD 405,675 405.675 Page 9 ntinued...
le Trnst Childr¢ffj'$ Chxrl Ltd Noies t the Flnxlldl Sttements- contlnued rthe ear ended IM TANGIBLE FIXED ASSETS Freehold Property COST At l April 2024 Additiofys 479,096 38.722 At 31 March 2025 517,818 DEPRECIATION At l April 2024 Charge for year 110,020 49,21)0 Ar 31 Marth 2025 159.220 Nrr BOOK VALUE At 31 March 2025 358.598 At 31 March 2024 369,076 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YLiR 31.3.25 31.3.24 Prepayments 809 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 TTade creditors Social 5ecuriry and other tsxes Other ¢rediiors A¢¢nd expenses 20224 1,812 890 11,445 2.834 1.438 964 900 34.371 6,136 12. ACCRUAIS AND DEFERRED II¥COME 31.3.25 31.3.24 Deferred capital 48.916 41,406 Page 10 ¢ontinu¢d...
The PriAtl 1¢ Trn$t Children'$ Chri t the FinaThtial Sttements- toDtiDued ror the tar eDded 31 Marth 2025 13. MOVEMEiYT IN FUNDS Net nx)vemeni TTaDsfer5 behvetn At 31.3.25 Al J.4.24 Unres¢rleted funds G¢n¢ral fimd Sustainability plan Site fces balaTKC 2025 Site fees plaD 2026 Op¢raiionaA bjods Asset purcbase pI4D 405.675 (39.821) (89,734) 39.000 14.757 30,257 3,727 1.993 276.120 39.000 14,757 30257 3,727 1.993 405.675 (JY.L121) 365,854 TOTAL FU14DS 405.675 09,821) 365.854 Net movement in fiu)ds, ittlud¢d in the above are as follows: In¢omin8 Resources expended mOvet in funds Unrestrlcted funds GeneTal fiLd 260,442 {300,263) (39,821) TOTAL FUNDS 260.442 (300,263) B9,821) Comparatives for mov¢n*nt ID f•nds Ne¢ movement in funds At 31.3.24 At 1.4.23 Unrestrict¢d fwmd$ General fimd 442,099 (36.424) 405.675 TOTAL FUNDS 442,099 (36.424) 405,675 Comparaiive net movemenl in included in the aiw)ve are a5 follows". Incoming Resourc¢5 ¢xpeThJed moV¢nl in fuTrJs UwJr¢strlcted fvDd$ Crtneral filnd 220,739 (257,163) (36.424) TOTAL FUNDS 220.739 (257.1631 (36.424) Page 11 CODtinued...
The rlmel le T t Childreo. Ltd h•ri Notes io tht Flnxn¢lal tatements- tonllDued ror the ear eThdtd arch 2025 13. MOVEMENT IN FUNDS- ¢ODtinutd A ¢urrcnt year 12 months and priory¢ar 12 ¢ombined posiiion is as follows.. Net Jvetneni in fitnds TraDsf¢rs between fimds At 31.3.25 At 1.4.23 UNr¢strkt¢d funds GeneT31 fund Sustainability plan Sit¢ fces balatte 2025 Sit¢ fee$ platt 2026 Operotional funds A5Stt purchase pla 442,IP)9 176245) (89,734) 39,0 14.757 30257 3.727 1.993 276,120 39.(K¥O 14,757 30,257 3,727 1,993 442,099 176,245) 365,854 TOTAL Fuf4DS 442.099 (76.245) 365,854 A Current ycar 12 month5 dDd Prior year 12 Mont ¢ombined Det movemeot in fid% ill¢luded in th¢ above are &$ fo15ow5= Re5tsurce5 expended Movement in fiulds Unrestritted furtds General futld 481.181 {557.426) (76.245) TOTAL FUNDS 481.181 (557,426) {76.245) 14. RELATED PARTY DISCLOSURES Th¢re were no relaied parry tyans•¢Dons for the yearended 31 Morch 2025. Page 12
Tht Prln¢i It T$¢ Chudrtll's ChAri Ltd Detalled Stat¢nnt of Fiatsncial Adiviti¢s for the er ended 31 Martb 2025 31.3 25 31.324 INCOME AND ENDOWMENTS Dontions XDd kEatl DonatiOD$ GrdDts 130.897 51.310 92.736 50,318 182,207 143,054 Other trdiDg a¢tivities Fundraising ¢v¢nt$ 76,558 77.074 Investintnt incomt Dtposit accoullt interest 1.677 611 Total 14¢omAAg r¢sour¢es 260.442 220.739 EXPENDITURE RatslTrg donadons leycies Fund raising costs 42.006 36.037 spport costs Man¥g¢mtnt Wages Sundries 81216 2.345 65.124 2.021 83.561 67.145 Sit¢ fres Bank charges Deprc¢iation of free1ld property 118.851 122 49,200 104,802 146 47,910 168.173 152.858 Governgnte oosts Independent examiner fecs Legal fees i.iio 5,413 930 193 6,523 1.123 Tottsl resowces exkW)tsI 300,203 257,163 Net expendithre (39,821> 136.424) Tbi5 pa8e does Dot fo part of the ststtltory fitl01 Stalents Page 13