2020-03-31-accounts - Point Europa LTD

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		Page
Report ofthe Trustees	1	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	7	to	8
Notes to the Financial Statements	9	to	15
Detailed Statement ofFinancial Activities	16	to	17

		31MA	RCH 2020
					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		f
FIXEDASSETS
Tangible assets		11	263,980		263,980	263,895
CURRENT ASSETS
Debtors: amounts	falling due within one year	12	5,727		5,727	9,464
Cash at bank and in hand			90,592		90,592	111,755
			96,319		96,319	121,219
CREDITORS
Amounts falling due within one year		13	(2,525)		(2,525)	(49,617)
NET CURRENT	ASSETS		93,794		93,794	71,602
TOTAL ASSETS	LESSCURRENT
LIABILITIES			357,774		357,774	335,497
NET ASSETS			357,774		357,774	335,497
FUNDS		14
Unrestricted funds:
Point Europa					93,794	71,602
Fixed Asset Reserve					263,980	263,895
					357,774	335,497
TOTAL FUNDS					357,774	335,497

Office equipment	Office equipment	25%on cost
Fixtures	and fittings	33%on cost
Computer	equipment	33%on cost

SUPPORT COSTS
			Governance
		Management	costs	Totals
			6
Training and education		41,667	9,394	51,061
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated atter charging/(crediting):
			2020	2019
Depreciation - owned assets			1,032	659

				2020	2019
	Operations			2	2
	No employees received emoluments	in excess off60,000.
Ib.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL		ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
	INCOME AND ENDOWMENTS	FROM
	Charitable activities
	Training and education		283,774		283,774
	Other trading activities		26,773		26,773
	Total		310,547		310,547
	EXPENDITURE ON
	Raising funds		9,813		9,813
	Charitable activities
	Training and education		263,566		263,566


10.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL		ACTIVITIES -continued
				Unrestricted	Restricted	Total
				funds	fundsf	funds
	Total			273,379		273,379
	NET INCOME			37,168		37,168
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		298,329		298,329
	TOTAL FUNDS CARRIED FORWARD			335,497		335,497
11.	TANGIBLE FIXED	ASSETS
				Fixtures
		Freehold	Office	and	Computer
		property	equipment	fittings	equipment	Totals
	COST
	At 1 April 2019	262,576	7,220	24,949	9,678	304,423
	Additions			105	1,012	1,117
	At 31 March 2020	262,576	7,220	25,054	10,690	305,540
	DEPRECIATION
	At 1 April 2019		7,220	23,630	9,678	40,528
	Charge for year			695	337	1,032
	At 31 March 2020		7,220	24,325	10,015	41,560
	NET BOOK VALUE
	At 31 March 2020	262,576		729	675	263,980
	At 31 March 2019	262,576		1,319		263,895

DEBTORS:	AMOUNTS FALL	ING DUE WITHIN ONE YEAR
				2020	2019
Other debtors				5,142	9,315
Prepayments	and accrued income			585	149
				5,727	9,464
CREDITORS: AMOUNTS FALLING DUE WITHIN ONK YEAR
				2020	2019
Trade creditors					19
Deferred income					12,705
Accrued expenses				2,525	36,893
				2,525	49,617
MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1/4/19	in funds	funds	31/3/20
			f
Unrestricted	funds
Point Europe Fixed Asset Reserve		71,602 263,895	23,309 (1,032)	(1,117) 1,117	93,794 263,980
		335,497	22,277		357,774
TOTAL FUNDS		335,497	22,277		357,774
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
Point Europa			217,384	(194,075)	23,309
Fixed Asset Reserve				(1,032)	(1,032)
			217,384	(195,107)	22,277
TOTAL FUNDS			217,384	(195,107)	22,277

	FOR THE YEAR ENDED 31MA	RCH 2020
		2020	2019
INCOME AND ENDOWMENTS
Other trading activities
Charity shop income Other fundraising income		16,129 943	16,115 590
Rent received		480
Miscellaneous income		522
National insurance refund			10,068
		18,074	26,773
Charitable activities
Point Europa projects		199,310	283,774
Total incoming resources		217,384	310,547
EXPENDITURE
Other trading activities
Charity shop wages Charity shop expenses Donations to Rame Community	Fund from Charity	2,054 1,737	1,865 1,198
Shop Profits		4,100	6,750
		7,891	9,813
Charitable activities
Project costs		136,155	209,277
Support costs
Management
Wages Social security Rates and water Insurance Light and heat Telephone Postage and stationery Sundries		34,148 252 359 611 1,819 2,132 407 696	31,040 2,475 2,005 1,054 1,776 4,441 2,593 72
Repairs and renewals		523
Subscriptions		720	686
		41,667	46,142
Finance
Bank charges			40

		D 31MARCH 2020
		2020	2019
Finance
Governance	costs
Wages Social security Accountancy Depreciation ofF&F Depn ofcomputer equipment		4,878 36 3,448 694 338	4,397 348 2,703 659
		9,394	8,107
Total resources	expended	195,107	273,379
Net income		22,277	37,168