Financial Statements Premier Electrics Charitable Trust For the year ended 31 IAarch 2025 Charity number" 108812 Premier Electrics Charitable Trust Contents Page Trustw•' r•port Ind•p•nd•nt •x•mln•rfs Y•port stat•ment of financlal xtlvllles Balanc• sh••t Noto8 t• th• Ilnanclal st•t•m•fits 7-12 Premier Electrics Charitable Trust Trustees, report For the year ended 31 March 2025 The Trustees piesent theit report and the finAncial staiements of the charifj. for the )'ear ended 31 TrIaich ?095. R•f•rnnc• and admlnlstratlve d•tallg Regigteted ch2rity' n2me.' Premier Electtics Ch2ri12ble-frust Regstered chAIity number: Chatity Commission for Northern Ircland charitt, no. I n881 • Ch2nh,'s pubhc 2ddress- c/0 16 Tandaghduff Road, BLII,i¥l)i'. IIagherafelL BT45 8IQ Th• tThst•OJS The tn￿teeS who served the charit)" duong the !'e3r were as follOu￿. fr.II Scullion Irs T Scullion Ir E .Ilo¥tcet Struclur* gov•rn•DG• •nd mana9•m•nt The chantlT is govetned by 3 Trust Deed. The charity is constituied b}, trusiees who Tnanage 2fLd (hrect the chatiti.. L'naer the requirementq 06 the Trust Deed, the trust may from tirne to timc bl resolution of a meeting of th¢ tw%tees irtcteAse or reduce the number of trustees ax)d determine in whar rotation such Jncreased or ieduced number shall go out of office aThd make appointments necessari. for effecting an)" such increase. ObJ•¢tlv•$ and •ctlvltlo• The objectiTre of the charity is to pr()I"iLIL financi21 support 10 ITatious projects (both P￿-e￿Stin8 newl}. e*tab]ighed) principalls, based in T2llZ2nia. assoaaied with the establishment of I￿ater wells and the proiTiSiQn of deafy safe drinkllig water. The trust seeks to proside financ￿ 2SSiSt2nce to such projects with the alln of creating a Sust￿nable structure for the development and running of these Th'ells. which are often locited in areas ol extreme Isolation and impoverishment with little or no acces5 ro clcao Llniiklng water. N',oi onli will this work alleNryate the hardship and )ll he21th eyperienced as a direct result of unsafe dnnkmg ivater, li will in turn create a framework fioyn which sooal 2nd econorLllC bencfits to local cornrnurntics can flow. The trustecs have taken instruction on the Charities .Ict (Northern Ireland) ?008. In setting Ihe ChariTh"'s objecriveg and planning our actiiryties for the year the tnlsrees hai-e giTen careful consideration to th¢ Chati¥' Commission for Nuttlicin Iidand'5 suidanci on pubh"c bL'nefit to cnsi￿C that thc £lCtiIltsL$ ha%'e hi.IpLd to achLeN"C the ¢hittti-'$ purposes and provide a benefit to the benefiCI￿Les. Premiei Fjecttics Clwitable Trnst became tegistered with The Chariry Cornrnission for Northern Ireland on 17 .Ita! ?0?? In e9tablishts]g the objectives and planning of distiibution of wts for the )'ear, the trustee> havc ￿%.cn c2Icful consideration to the Chartti, COMM￿s1o￿ for Northem Ireland's ydance un public benefit to ctlSUfC that the activities have hdpcd to achieve the charit) s puqJose5 and prolides a bcncfit to l)LIILticurie4. AGhl•v•m•nt• and p•rform•n¢• During the }"e2r, the charity financed tbe successful C.￿P10ratiOn 2nd drilli￿ ol 2 well in Tanzania, in an arex which h3d seen no rain for 6 month5. This is enabltsjg the irthabitanis ol the arca to SllTh"ii"I'_ prolryding clcafy Ircsh dn"nLmg water, and en3bltt¥ them to water the￿ crops and grow food to ear. Page 1 Premier Electrics Charitable Trust Trustecs, report (continued) For the year ended 31 March 2025 R•s•rves 'Ihe chantr does not hold an}- rcsentes. [aLll￿ the iiew that thc benefimrics of the chanti. are better scThrd bi the proi45ion nf dean and safe drinking ivatcr than bi- earning small amounts of b2nL- intcrest. I,inancyal rclryel￿- 'rhe detailed results fot the ie2r and the chatitt"'s Fmancial tK)sition at the i'eat-end 2re shoivn in the attachcd financi31 st2temerttb. The total unrestncted incorning resources for thc l'ear amounted to £1 I.OOU (*0?4.. £.3.0?4), with expendi￿te of £10,•76 (9094.. L3,IU8), resulting in f)et incoming resources for the }ear of O?4 (ry1}?4-. net outgoing Icsowces of £84) This 1cai.cq unrestrtcred fundf f"- ar the l'ear cnd l?0?4-. £31. One ol the trnstees ib a director of Pretnier Electtics L￿lted. The sole incon]ing Tesources of (he charin. are donati()ns from Premier b'lecttics LimiteiL 8lat•m•nt of Trust•es' r•spon$lbMItI•• The tru8tecs are responsible for prepaiing the trustees. annual report and the financial statements in aCcO￿ancC th app￿cable laiv and rcgdatsons. l]Le Charities .Ict {North¢rn IEelandl W08 requires thc trustees to prepare financi21 statements for each financial l'ear iihich giite a irue 2nd fatr iirnv of the st21e of aff￿8 of the chariti. and of its incoming resources and apphcatioji of resources for ihai penod. In preparing th08e finan021 st2tefflents, the tmstees are required ro: Select Suitable accounung policies and ihen appl!. Ihem consistendi-: ObseTh".e rhe meihods and principle5 ill the Chxnties sORP l%(atenkent of RecommL TiLILd Practice ' aLe judgtncnts and estimates thjt are reasonable and prudent. t,'Ilc whether applicable accounting srandards haE'e been followed. subject ro an}. materi21 depArtl￿e5 dx"5closed and e¥p]2ined in the financial siatemcnrs" and Prepare Ihe financial statements on the (poi￿ concern basis unless It is inappropnate to presume that the chariti. conunue m operarion. The trustees are responsible for keeping proper accounrtsjg records that disclose ￿ryth re2sonxble accutaq" at an!. time the finanLidl posiiion of Ihc ch3titi" and enable them 10 cnsurc that tlie s[a￿rnCnt$ cotnpl}' ￿ryth the Chantic% _Ict Tr-orthern Iielandl ?(Klll_ Thci- are also responsible for saleguardujg the 2SSets ol (he charity. hence for taking rcasi >fi.Il)le steps for the prei'ention and detection UF Fraud and oihcr irrcgu12Litie5. -Ipproi-ed b!. order of the mLmbets of ihe board of Trustee5 on 26101126 nd sjgned on che￿ bchalf bi": Ir M Scullion I tustee Page 2 Premier Ele¢tri¢$ Charitable Trust GrantThornton Independent examiner's report For the year ended 31 March 2025 Ind•p•nd•nt •xamin•rfs r•port to th• Trnstoos of Prnml•r Eloctrks Charitabl• Trust K'e report on the finaocial statements of the ch2llts' For the ve2r ended 31 I12rch ?0?5 which are set out on Eyagcs 5 to l? R•spoctlv• Y•sponslbllltl•s of eharfty Trn•t••s and examln•r .Is the charity's trustees vou are tesponsible for the PTep3Tation of the accounts in accordance Mth the Charitses .Ict Oxorthern Ireland) ?tKI8. It AS our re5ponsibJlit)' to.. examine the accounts undei section 6) of ihc. Ch2rities _Icr: folloi¥ the procedures laid down in the gcner21 Directions ￿l-en b}. the the Ch31tts. Cotnmission fot.Northem Ireland { the Comnii%sion") under section 65(9)(b) of the Chanties .Ict' ana state whether particular ￿atterS have come to our attention. Basls of Ind•p•nd•nt •Mmln•f• •tat•mont 'e have eyaminea i'our charity 2ccounts As reqwred under section 6) OE the ("li'irJiies .¥ct xnd out examination ivas caIried out in accordance the gened Directions gii-en b!. ch￿1￿. COMM￿s1o￿ for Northern Ire12nd under section 65(9)(b) of thc Charities .Ici. Our examjnauon trtcluded a relryew of the accounting records kept bi" the cbariry. and gl compan50x] OF the accounts presented wth thoge iecuIds. It also includes consideration ol:iiii' uThusual itetns ot disclosuxcs in thc accounts, 2nd 5eeknng oxplanations from )"ou as charin" fnistees concerning #n!" such m2trers. Our role is to state whether an}" mateiial marters hair come to our attention wiryng us cause to believe: that accountmg tecotds wcrc not kept An 2ccordancc with section 63 of the (".liariuL'S .Ici: that the 2ccounts do not accord ivitb those accountiiig records. that the accounts do not compli. with the #ccountiiig requircmciit5 0( the Ch*tities .Ict' that therc is further information ncedcd for a proper undcrstanding oFthe accounts to bc rc2ched. Ind•p•nd•nt •xamln•rfs stat•m•nt Ve havc completed our examination and have no concerns in respeci OE the m2ttcrs (l) to (4) ]ksted aboi'e and. I connection Mth follo￿1ng rhe Dir£ction5 of the Chant)" C.QUJmiS5AOn Eor _Norrhcm Irc12niL ive haTrTe Eound no matters that require dtawing to }"our atteDtioii. Paje 3 Premior Electrics Charitsble Trust Q GrantThornton Independent ciaminer's report (continued) For the year ended 31 March 2025 This rcport is rnade solel)- to thc charitt- s Ttustees. as 2 bdi-. In #ccor&ncc NNryth bection C)J{3)la) of the ChatttiLg -Ici {Northcrn Tre12nd) ?LIL18 and rc4uiatiDns made under scctson CTr6 of that _¥ct. Our ivork has becn undert2Len so that wc might st2te tu the chariti"% Tru5tee5 those m3trcrs ive are required to state to them in an Independent examincr s report 2nd fur no orheT puwole. To the lul]est citcnt pemlitted b!. Raiv, Ive do not accept or as8um¢ re5ponsibihry" to ani-one other than the chariti" and the chariti"'s I'njsrees as a bnJ!". for our work or f(Trr tkn5 report. Signed.. Dat¢d: 2610112026 Grant Thornton PJI) LLP Chattered_¥ccouni2nts 1 ? _ 15 Donegall bguare Ix'est Belfasr BT1 6IEI Page 4 Premier Electrics Charftable TnBt Balance shcct For the yearended 31 March 2025 2025 Note Currnnt *sMts Debtors 3,0?4 Ca¥h Jt bank and in hand 727 727 Credt"tors.' amounts falling due within one l'ear (3.0?4) N•t currnnt •sg•t9 727 Total au•ts l•M curr•nt Ilabllltl•s 727 Total n•t •￿•19 727 Charlty lunds Llnrestricted Funds 727 Total lunds 727 financial statements were apprO￿Ta 26101126 and #uthorised for issue and signed on their behalE b}": the TTr￿tees on MT M Scullion Trustee The notes on pages 7 to l ? fomi part of these financial st*tementS. PJJe 6 Premier Electrics Charltable Trust Statement of fmancial activities For the year ended 31 March 2025 Total funds - unic5tiiCted Unrestricted nds 202) Tots71 nds 2025 Note Incom• fromi Donations ana ￿￿arleS ILOOO 11.000 3,0?4 Total Incom• ILOOO 11.000 3,1)?4 Exp•ndlturn oni Charitable activiTie5 10276 10,276 3,1118 Total •XP•bMlltur• 10276 10.276 3,108 N•t movement In fund• 724 724 (841 R•¢on¢lllallon ol fi•nd Total Eunds brought foLivard Net moi'etnertt in fixnds 724 724 (84) Total fvnd• ¢•rrl•d fi)rward 727 727 -lll amounts relate to continuing opcrations. Thc notes on pages -. to l • form patt of these financi31 statemcnts. Page 5 Premier Electrics Charltable Trust Notes to the financial statements For the year ended 31 March 2025 G•n•ral Inforniatlon l)remier Llectrics Ch2rit2ble Trusi is a charitt. Iegistered m Northern Ireland. Irs charity registration nurnber is 108819 and its registered address is 16 T3m]3ghauff Ro3d. Bcll%h}, h12ghcr2fclt, BT45 81Q. Accountlng pollci 2.1 Basis of preparation of finattcial Statements The fmanciai stst¢ments baye been prepared m accordaoce thc Ch2fitie5 SORP la? -Iccounting and Rcporting bs. Chaotics". Ststement ol Recommendcd Practicc applicable to charities prep2ring their iccounts An accordance with the Financial Rep()rting %t*ndard applLC2ble irL the UK 2nd Repub]ic of Ireland (FRS 111?) (elfecui-e I 9019). the F￿ana21 Reporting Standard apphc74ble in the L'K and Republic of Ire12nd IFRS 104) and the ch￿ltieS _Ict (Nortbem Ireland) ?