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PREMIER ELECTRICS CHARITABLE TRUST
Trustees, annual report
Year ended 31 March 2024
The trustees piesent their report and the financial statements of the charity for the year ended
31 March 2024.
Reference and administrative details
Registered charity name: Premier Electrics Charitable Trust
Registered charity number. Charity Commission for Northern Ireland charity no. 108812
Charity's public address: clo 16 Tamlaghduff Road, Bellaghy, Magherafelt, BT45 8JQ
The trustees
The trustees who served the charity during the year were as follows:
Mr M Scullion
Mrs T Scullion
Mr E McAteer
Structure, governance and management
The charity is governed by a Trust Deed.
The charity is constituted by the trUSt￿S who manage and direct the charity. Under the
requirements of the Trust Deed, the trust may from time to time by resolution of a meeting of
the trustees increase or reduce the number of trustees and determine in what rotation such
increased or reduced number shall go out of Offi￿ and make the appointments necessary for
effecting any such increase.
Objectives and activities
The objective of the charity is to provide financial support to various projects (both pre-existing
and newly established) principally based in Tanzania, associated with the establishment of
water wells and the provision of clean, safe drinking water. The trust seeks to provide financial
assistance to such projects with the aim of creating a sustainable stwctureforthe development
and running of these wells. whiGh are often located in areas of extreme isolation and
impoverishment with little or no access to clean drinking water. Not only will this work alleviate
the hardship and ill health experienced as a direct result of unsafe drinking water, it will in turn
create a framework from which social and economic benefits to local communities can flow.
After the year end, the trust received funding from ils donor and made a first distribution to
support a well drilling project in Tanzania.
The trustees have taken instruction on the Charities Act (Northern Ireland) 2008. In setting our
objectives and planning our activities for the year the trustees have given careful consideration
to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the
activities have helped to achieve the charity's purposes and provide a benefit to the
beneficiaries.. Premier Electrics Charitable Trust became registered with The Charity
Commission for Northern Ireland on 17 May 2022.
In establishing the objectives and planning of distribution of grants for the year, the trustees
have given careful consideration to the Charity Commission for Northern Ireland's guidance
(section 4b of the Charities Act {Northem Ireland) 2008) on public benefit to ensure that the
activities have helped to achieve the trust's purposes and provides a benefrt to beneficiaries.

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PREMIER ELECTRICS CHARITABLE TRUST
Trustees, annual report
Year ended 31 March 2024
Financial revlew
The detailed results for the year and the charity's financial position at the year-end are shown
in the attached financial statements.
The total unrestricted incoming reSoUr￿S for the year amounted to £3,024 (2023: £Nil), with
expenditure of £3,108 (2023: £84). resulting in net outgoing resources for the year of £84
(2023: £84). This leaves unrestricted funds of £3 at the year end {2023.. £87).
One of the trustees is also a director of Premier Electrics Limited. The sole incoming resources
of the charity are donations from Premier Electrics Limited.
Responsibilities of the trustees
The Charities Act (Northern Ireland) 2008 requires the trustees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the charity at the
end of the year and of the incoming and outgoing resources for the year then ended.
In preparing those financial statements, the trustees are required to select suitable accounting
policies and then apply them consistently, making judgements and estimates that are
reasonable and prudent. The trustees must also prepare the financial statements on the going
concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Chartties Act (Northern Ireland) 2008 and
applicable accounting standards. The trustees are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Signed on behalf of the Irustees:
Mr M Scullion
Trustee
ovember 2024