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2025-09-30-accounts

Point Europa Ltd

Company No. 05047890 Charity No. 1106788

Trustees' Report and Unaudited Accounts 30 September 2025

Point Europa Ltd Contents

Pages

Trustees' Annual Report 2 to 3
Independent Examiner'sReport 4
Statementof Financial Activities 5
Summary IncomeandExpenditure Account 6
Balance Sheet 7
Statement ofCashflows 8
Notes to the Accounts 9 to16
DetailedStatementof Financial Activities 17 to 18

Page 1

Point Europa Ltd

Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 05047890

Charity No. 1106788

Registered Office

The Old Bank

1-2 West Quay, Millbrook, Torpoint,

Cornwall PLl0 1AS

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S.M. Riggs

M.C. Shillaker

Prepared by

Rebecca Jones

25 Flagstaff Walk

Plymouth

PL1 4SH

Page 2

Point Europa Ltd Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The 2024/25 tax year was a period of great change for Point Europa. Following the Brexit decision, the EU funding for the charity’s core purpose of European exchanges gradually came to an end as existing contracts were completed and closed. By the end of the 2024/25 reporting period, that process was essentially complete with the last remaining staff finishing their employment just after this accounting period closed.

The charity had decided to restructure with a new focus on support for older people in the community and their carers, which had been a major strand in the work for many years. The intention was to register new objectives and pivot the organisation; however, the Charity Commission rejected the proposed changes to our existing charitable objectives and recommended the establishment of a new charitable organisation. ln response, a linked group of volunteers registered a new Charitable lncorporated Organisation (ClO), The Care Hub Millbrook, which was officially established on 24 April 2025. The Care Hub Millbrook is now a flourishing independent charity with its own Board of Trustees and operational structure, providing vital support in the local area.

Point Europa remains in existence as the owner of a vital community building in Millbrook. We have moved to a fully volunteer-run operation, providing work and meeting space for the Care Hub and other community groups; there is currently some prospect that international exchanges around Europe may restart, allowing a potential return by Point Europa to its original function.

FINANCIAL REVIEW

Throughout 2024-25, the charity's cash flow was closely monitored. The General Manager and Finance Manager provided regular updates to the Board through the Finance and Planning Committee. As a result, the charity’s financial position remained stable and fully compliant with reporting requirements.

The charity maintains a policy to hold unrestricted funds at a level deemed sufficient by the Trustees to sustain operations in the event of a significant funding shortfall. This allows time to seek alternative funding sources without disrupting core activities.

Signed on behalf of the board

S Ryan

Chair 24 June 2026

Page 3

Point Europa Ltd Independent Examiners Report

Independent Examiner's Report to the trustees of Point Europa Ltd

I report to the charity trustees on my examination of the financial statements of Point Europa Ltd for the year ended 30 September 2025

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

• the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Rebecca Jones

25 Flagstaff Walk

Plymouth

PL1 4SH 24[th] June 2026

Page4

Point Europa Ltd Statement of Financial Activities

for the year ended 30 September 2025

Unrestricted
funds
2025
Notes
£
Income and endowments
from:
Charitable activities
4
33,593
Other trading activities
5
28,987
Total
62,580
Expenditure on:
Raising funds
6
108
Charitable activities
7
16,286
Other
8
90,877
Total
107,271
Net gains on investments
Net expenditure
9
(44,691)
Transfers between funds
Net expenditure before
other gains/(losses)
(44,691)
Other gains and losses
Net movementinfunds
(44,691)
Reconciliation of funds:
Total funds brought forward309,199
Total funds carried forward 264,508		 Total funds
2025
£
33,593
28,987
62,580
108
16,286
90,877
107,271		 Total funds
2024
£
24,980
38,903
63,883
194
2,491
83,056
85,741
(44,691)
0		 (21,858)
0
(44,691)
0		 (21,858)
0
(44,691)
309,199		 (21,858)
331,057
264,508 309,199

Page 5

Point Europa Ltd

Summary Income and Expenditure Account

for the year ended 30 September 2025

2025
£
Income
62,580
Gross income for the year
62,580
Expenditure
104,252
Depreciation and charges for impairment of fixed
assets
3,019
Total expenditure for the year
107,271
Net expenditure before tax for the year
(38,810)
Net expenditure for the year
(44,691)		 2024
£
63,883
63,833
84,567
1,054
85,741
(21,858)
(21,858)

Page 6

Point Europa Ltd

Balance Sheet at 30 September 2025
Notes
Fixed assets
Tangible assets 11
Current assets
Debtors
12
Cash at bank andinhand
Creditors:Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
14
Unrestricted funds
14
General funds
Designated funds
Reserves
14
Total funds
2025
262,576
262,576
0
1,931
1,931
0
1,931
264,507
264,507
264,507
(44,691)
309,199
264,507
264,507
265,596
263,488
1,907
42,187
44,094
(491)
43,603
309,199
309,199
309,199
(21,858)
331,057
309,199
309,199
2024







Page 7

Point Europa Ltd

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act

2006 with respect to accounting records and the preparation of accounts. Approved by the board on 24 June 2026

And signed on its behalf by:

S Ryan

Chair

24 June 2026

Page 8

Point Europa Ltd

Statement of Cash flows

for the year ended 30 September 2025
Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciationofproperty,plantandequipment
Decrease/(lncrease) in trade and other receivables
Increase in tradeandother payables
Net cash usedinoperating activities
Cash flows from investing activities
Payments for property, plant and equipment
Net cash used in investing activities
Net cash from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
2024
£
£
(44,691)
(21,858)
3,019
1,054
446
2,251
2562
(2,306)
(38,664)
(20,859)
(1,592)
(3,162)
(1,592)
(3,162)
0 0
(40,256)
(24,021)
42,187
66,208
1,931
42,187
1,931
42,187
1,931
42,187

Page 9

Point Europa Ltd

Notes to the Accounts

for the year ended 30 September 2025

1 Accounting policies Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

These are unrestricted funds earmarked by the trustees for particular Designated funds purposes. These are unrestricted funds which include a revaluation reserve Revaluation funds representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or Restricted funds through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the

income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in legacies the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates.

Donated services and These are only included in income (with an equivalent amount in facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/(losses) on investment assets This includes any gain or loss on the sale of investments.

Page

Point Europa Ltd Notes to the Accounts

Expenditure

Expenditure is recognised on an accruals basis. Expenditure includes any VAT Recognition of which cannot be fully recovered and is reported as part of the expenditure expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and charitable activities governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office equipment 25% Straight line Fixtures & fittings 33% Straight line Computer equipment 33% Straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 11

Point Europa Ltd Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 12

Point Europa Ltd Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Charitableactivities
Othertradingactivities
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Net income before other gains/losses
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total fundsbroughtforward
Total funds carried forward
4
Income from charitable activities
Unrestricted
£
Point EuropaProjects
28,987		 Unrestricted
funds
2024 £
Total funds
2024 £
24,980
24,980
38,903
38,903		 Unrestricted
funds
2024 £
Total funds
2024 £
24,980
24,980
38,903
38,903		 Unrestricted
funds
2024 £
Total funds
2024 £
24,980
24,980
38,903
38,903
63,883
63,883
194
194
2,491
2,491
83,056
83,056
85,741
 85,741
(21,858)
 (21,858)
(21,858)

0		 (21,858)
0
24,980
24,980

Page 13

Point Europa Ltd Notes to the Accounts

5
Income from other trading activities
Charity Shop
Rent
6
Expenditure on raising funds
Fundraising trading costs
Charity Shop
7
Expenditure on charitable activities
Expenditure on charitable
activities
Point Europa Projects
Governance costs
Accountancy		 Unrestricted
£
23,093
10,000
33,093
Unrestricted
£
107
107
Unrestricted
£
13,606
2,680
16,286		 Total
2024
£
23,093
10,000		 Total
2023
£
38,003
900
33,093 38,903
Total
2025
£
107		 Total
2024
£
194
107 194
Total
2025
£
13,606
2,680
16,286		 Total
2024
£
83
2,408
2,491

Page 14

Point Europa Ltd Notes to the Accounts

8 Other expenditure

8
Other expenditure
Unrestricted
£
Employee costs
70,806
Motor and travel costs
Premises costs
11,761
Amortisation, depreciation,
impairment, profit/loss on
3,019
disposal of fixed assets
General administrative costs
5,291
Legalandprofessional costs
90,877
9
Net expenditure before transfers
2025
This isstated after charging:
£
Depreciationof owned fixed assets
0
Depreciation of assetsheld underfinance
3,019
leasesand hirepurchase contracts
Independent Examiner'sfee
0
10Staff costs
2025
Salariesand wages
64,919
Pensioncosts
5,887
70,806		 Total
Total
2025
2024
£
£
70,806
59,133
86
11,761
10,716
3,019
1,054
5,291
10,702
1,365
90,877
83,056
2024
£
0
1,054
500
2024
54,491
4,499
58,990

No employee received emoluments in excess of £60,000.

Page 15

Point Europa Ltd Notes to the Accounts

The average monthly number of full time equivalent employees during the year was as follows:

2025 2024
Number Number
Operations 3 3

11 Tangible fixed assets


Depreciationcharge forthe
year
At30September 2024
Net book values
At 30 September 2025
At30 September 2024
12 Debtors


Other debtors
Prepaymentsand accrued income

Cost or revaluation
At1October 2024
Additions
At 30September 2025
Depreciation and
impairment
At 1 October 2024		 Land and Office
buildings
equipment
£
£
262,576
7,220		 Fixtures&
Computer
4492,571
3,020
25,727
14,540
47,487
262,576
449
2571
262,576
2025
2024
£
£
0
1,744
0 163
01,907
fittings
equipment
Total
£
£
£
25,727
14,540
310,063
25,727
14,540
310,063
25,278
11,969
44,467
262,576
7,220
262,576
7,220
7,220
262,576
262,576

Page 16

Point Europa Ltd Notes to the Accounts

13 Creditors:

amounts falling due within one

year

Othercreditors
Accruals
14 Movement in
funds
(including
At 1 October
Restricted funds:
Unrestricted funds:
General funds
Designated funds:
Point Europa
Fixed Asset Reserve
Total
Total funds		 2025
£
0
0
0
1
Incoming
resources
Resources
Gross
expended
transfers
other
2024
gains/losses)
£
£
£
62,580
(107,271)
43,603
265,596		 2024
£
491
0
491
At 30
September
2025
£
(44,691)
46,622
262,576
309,199 264,507
309,199
62,580
(107,271)		 264,507

Purposes and restrictions in relation to the funds: Designated funds:

Page 17

Point Europa Ltd Notes to the Accounts

Point Europa

Training and education Fixed Asset Reserve

15 Analysis of net assets between
funds
Fixed assets
Net currentassets		 Unrestricted
funds
Total
£
£
262,576
262,576
1,931
1,931
264,507
264,507
16 Reconciliation of net
debt
Cash and cash equivalents

Net debt		 At 30
At 1 October
September
2024
Cash flows 2025
£ £
£
42,187
(40,256)
1,931
42,187
(40,256)
1,931
42,187
(40,256)
1,931

Page 18

Point Europa Ltd Notes to the Accounts

17 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2024 2024 2023 2023
Land and Other Landand Other
buildings buildings
Operating leases withexpirydate 0 0 0
0

Pension commitments
The pension cost charge to thecompany 2025 2024
amounted to:
5,887		 4,499
18 Related party
disclosures
Transactions with related
parties
Name of related party RightatHome Millbrook CIC
Description of relationship between the Shared trustee and use of premises, no rent charged
parties
Description of transaction and general Nil
amounts involved
Amount due from/(to) the related party Nil

Amounts written off in the period in respect Nil of debts from/(to) the related party

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company

Page 19

Page 20