2022-03-31-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

		31M	ARCH 2022
					2022		2021
			Unrestricted	Restricted	Total		Total
			funds	funds	funds		funds
		Notes			f.
FIXEDASSETS
Tangible assets		11	262,576		262,576		262,948
CURRENT ASSETS
Debtors: amounts	falling due within one year	12	552		552		2,401
Cash at bank and in hand			198,460		198,460		97,347
			199,012		199,012		99,748
CREDITORS
Amounts falling due within one year		13	(5,605)		(5,605)		(2,905)
NET CURRENT	ASSETS		193,407		193,407	'	96,843
TOTAL ASSETSLESSCURRENT
LIABILITIES			455,983		455,983		359,791
NET ASSETS			455,983		455,983		359,791
FUNDS		14
Unrestricted funds:
Point Europa					193,407		96,843
Fixed Asset Reserve					262,576		262,948
					455,983		359,791
TOTAL FUNDS					455,983		359,791

OTHER TRADING AC	TIVITIES
			2022		2021
			f.
Charity shop income			16,968		1,149
Rent received			910	3	1,690
			17,878		2,839
INCOME FROM CHARITABLE ACTIVITIES
			2022		2021
	Activity
Point Europa projects	Training	and education	264,648		91,007
Grants	Training	and education	4,796		43,498
			269,444		134,505
				I
Grants received, included	in the above, are as follows:
			2022		2021
HMRC JRSGrant			2,129		24,067
Cornwall Council Covid-19 Support			2,667	i	19,431
				I
			4,796		43,498
RAISING FUNDS
Other trading activities
			2022		2021
Staffcosts			2,000		1,980
Charity shop expenses			2,696		467
			4,696		2,447

					Support
				Direct	costs (see
				Costs	note 6)		Totals
	Training	and education		128,631	57,803		186,434
6.	SUPPORT COSTS
					Governance
				Management	costs		Totals
	Training	and education		48,978	8,825		57,803
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2022		2021
	Depreciation - owned assets				372		1,032
	Hire of	plant and machinery			1,680	'	1,820

					2022	2021
	Operations				2	2
	No employees	received emoluments	in excess off60,000.
10.	COMPARATIVES FORTHE STATEMENT OFFINANCIAL			ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
	INCOME AND ENDOWMENTS		FROM
	Charitable activities
	Training and	education		134,505		134,505
	Other trading	activities		2,839		2,839
	Total			137,344		137/44
	EXPENDITURE ON
	Raising funds			2,447		2,447

	FORTHE YEAR	FORTHE YEAR	ENDED 31MAR	CH 2022	CH 2022
10.	COMPARATIVES FORTHE STATEMENT		OFFINANCIAL	ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	funds	funds
	Charitable activities
	Training and education			132,880		132,880
	Total			135,327		135,327
	NET INCOME			2,017		2,017
	RECONCILIATION	OFFUNDS
	Total funds brought	forward		357,774		357,774
	TOTAL FUNDS CARRIED FORWARD			359,791		359,791
11.	TANGIBLE FIXED	ASSETS
				Fixtures
		Freehold	Office	and	Computer
		property	equipment	fittings f	equipment	Totals
	COST
	At 1 April 2021 and
	31March 2022	262,576	7/20	25,054	10,690	305,540
	DEPRECIATION
	At 1 April 2021		7/20	25,019	10,353	42,592
	Charge for year			35	337	372
	At 31March 2022		7/20	25,054	10,690	42,964
	NET BOOKVALUE
	At 31March 2022	262,576				262,576
	At 31March 2021	262,576		35	337	262,948

12.	DEBTORS:	A	MOUNTS FALL	ING DUE WITHIN ONE Y	EAR
						2022	2021
	Other debtors						1,672
	Prepayments	and accrued income				552	729
						552	2,401
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE				YEAR
						2022	2021
						f.
	Social security		and other taxes			1,826
	Other creditors					334	305
	Accrued expenses					3,445	2,600
						5,605	2,905
14.	MOVEMENT		IN FUNDS
						Net
						movement	At
					At I/4/21	in funds	31/3/22
	Unrestricted	funds
	Point Europa				96,843	96,564	193,407
	Fixed Asset Reserve				262,948	(372)	262,576
					359,791	96,192	455,983
	TOTAL FUNDS				359,791	96,192	455,983
	Net movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						f.
	Unrestricted	funds
	Point Europa				287,321	(190,757)	96,564
	Fixed Asset Reserve				I	(373)	(372)
					287,322	(191,130)	96,192
	TOTAL FUNDS				287,322	(191,130)	96,192

FORTHE YEARENDED	31MARCH 2022
	2022		2021
INCOME AND ENDOWMENTS
Other trading activities
Charity shop income	16,968		1,149
Rent received	910		1,690
	17,878		2,839
Charitable activities
Point Europa projects	264,648		91,007
Grants	4,796		43,498
	269,444		134,505
Total incoming resources	287,322		137,344
EXPENDITURE
Other trading activities
Charity shop wages Charity shop expenses	2,000 2,696:.		1,980 467
	4,696	.	2,447
Charitable activities
Project costs	128,631		81,833
Support costs
Management
Wages	35,097		31,145
Social security	622		36
Pensions	1,892		113
Premises Rent Rates and water	1,680 . 1,350:		1,820 637
Insurance	1,371		1,054
Light and heat	2,039		1,962
Telephone	2,522		2/87
Postage and stationery	427		199
Sundries	579		226
Repairs and renewals	40		1,502
Subscriptions	1,359		1,714
	48,978		42,695
Governance costs
Wages	4,445		4,467
Social security	81		5
Pensions	308
Accountancy	3,618		2,848
Carried forward	8,452		7,320