copanY nutNber: 6553113 Ch*rity llujnber: 1126392 THE POLNT FOIINDA TION (A company limited by gu#raDttt) iinaudited finsncial statements Year ended 5 April 2021
THE POINT FOUPDATIOI {A company limiled by guaran¢e¢) INDEX Company Information Report of the Trustees Independent Examiner's Report stsiement of FInnei Activities B*lanct Sheet Notes to the Fiun¢ial St#ltTreDts io
THE POINT FOL'NDA TION (A company limited by guar*n¢ee) COMPANY I1¥FomATIoN PATRO1¥ Sally Gunnell OBE Patron TRUSTEES Charles L Tra Tim R R Kerr Adrian L Hamm(d Chaittnan SECRETARY TimRRKe REGISTERED OFFICE A5Meigh H(XLse Sand5 Lane SM] Dole West Sussex BN5 9YL COMPANY NUMBER 6553113 CHAIUTY NUMBER 1126392 INDEPENDENT EXAMINER lan Holder, FCA Mazars LLP First FIr 2 Chamberlain Square Birniingham B3 3AX BANKERS National Westminsrer Bank plc 149 Preston Road Btight(>n BNI 6AS SOLICORs Gtiffith Smith LLP 32 Keytner Road Hasswks BNO 8AL
THE POIYT FOUI%DATIOY (A company lirnited by gu•raDttt) REPORT OF THE TRUSTEES For the year tnded 5 April 2021 The Trustees present their report and the financial statements for the year ended 5 April 2021. The financial statements ¢omply with the Charits£s Act 2011, the Cotnpanies Art 21hS. the Memornjdum and Artides of Association. and Accounting and Re1ft8 by Charities Sthiemeni of Recomrnendryj Practice applicable to charities preparin8 their accounts in CordanCe 7th the Financial Reponing Swuiard applithle in th¢ UK and R¢publi¢ of Ireland (FRS 102) (October 2019 Eth"tion). CoL4titutioD The Point F(widation is eonittrtal a5 a wmpaDy limitsl by s#tee attd a wistwal ¢lwity govern by its m¢moYandum and article5 of &55(Kiation. The organi5alion was inwtated on the 2 April 2(M)8 It became a te8iStered charity on 22 October 21X>8. Objects of the Charity The Charity's Foujs and swement is-liw, ljfe & L¢arn- At the b¢gnnin8 of th¢ Charity. the Truslees decid1 io nCentrate only on a se1% number of projrfts wh¢[¢ we wuld focu5 all our enerwes into makin8 a rea] difference. TrIve years oo ¢)ur strategy continues arowid 5.0(K) w]nerable and speaal nttds children direaly benefiting from pport over this time peri through our funding and ojr guidanc¢ primarily thrcmjgh educati{ but also wilh equipmenL hygiene. medical. focd and d(xhing supplies. 2020 Vds a d¢vtating year for the and in partiLwlar for the UK Rwanda and S(xrth all three of wthich have been hit hard by the virus. Ajthwgh our incorne from donauons has 5ufferul 5ignifiwitly. have contsnued to support our pr(yts fLllan¢Lally and CODtiibutl to the monthly salat1 of all those illvolved itt (yjr work in Rwanda. Even thwgh our sch(x>ls and viKationa] trainin8 centre in Rwanda weie£losd for much of the year. we were able to 5UPPOrt many of the families of special neIS children wih f1 medicines. b(K)ks and %hool tratning materia15 $0 that teachins and support continuejj. Thrw8h the pandemic. we have w(xkul ¢losdy with the follolll8 lrtstiti]lions." Ubumwe Community Centre IUCC) (ptrwidittg spttiaiist dtsabl1ttyaStsj support) H(e of Children Sch1 Mw)go Vocational Training Centre (Mwogo VTC) La Germaine kh(KA Kiseyo School Izere Community Centre for cerebr Palsy children Jessie'5 Place (day Centre for 5evetely disabled) & Jessie's Co-operative Supporting The Gallagh Trust with funding foi the Homes4Life Programme In ronnlI0n with these inSlitirtilMlS, (xr fithdraising dwin8 202012021 has mainly rais fimds to hdp pay for." Our Home54Life and Community Baj Livin8 Ptiwam¢ f( Pwle with Disabilities {PwD's) funding one house Call Tea Pi85 H(ius¢ Funding of f(K¥J for the 4 x Hune$41ife houses I x Universiry sdent'S fees and aCnM(XJ*jOn. We provided f(xxl. clothin& bedding and rnedi aid as well as edU&¥lix items a1 material& inc1lIn8 Study books speci priyects for Ubwnwe Communiry Centre. indling Plltknirtg additional knittKng and sewryng machines and also Brdille machines and workshop equipm•]t Mwogo VIKational Training Curtre as wdl as (w Mwo80 f8m and Apiary Bee Keeping activities 1.4W b(K>ks for House of Children Primary School. Funding 85 children with Spttiai Ne1$ w attend House of Children School with sch1 fees. daily transport from outljing village& b(xJk& uniforn)s and sh(x& milk ond lunch Sup funding fly 4 Sign Texhws. l Early Edution teacherand 4 physiotherapists Icx)ktng after cerebral paisy children Oth¢i in¢identals Ls and when rwiired for it)dividuals.
THE POIYT FOUliDA TIO
IA comp•ny limited by gurantee)
REPORT OF THE TRLISTEES
For the yur ended S April 2021
Objeets of the Charity (continued)
We ate Gotntn8 to the end of our university PTogramme. gJPPYting ex-N(d thphanage stt]dettts wryth secondary schwl
education {including fees and trnnsport) a1 tlM)se attenth.ng unbclty (fees. accommodwior4 bwks, f( and transpor( as
well as graduation costs). O¥er the years. this pi08rnm¢ has fundeil 126 students as they completod university courses
This year, one student completoj her dissertations in September 2020 and one retnains at the University of Tourism &
Business for a further year. No more Stt¥Jent plac¢s are 6lllT¢nt]y p14nneil.
In 2017 w¢ were present1 with an award for"(laTrlnB and Significant Contrib10 to Rwandan FAlucation-. A]so. in
March 2019 we were present with an award for -Significani Contribution to the Growth of University of TwTt5m &
Busines5." Both awards were made by the Univasity of T(rism & Busin¢4 Kig¥li. Rvr4nda at their graduation
ceremonies.
In July 2018. UCC stsrted planning a new project IMwo80 vrc) based near Buge5era in one of the poorest and deprived
areas of Rwdnda. Thi5 centred on gibing Il yojng pw>le. with no h
THE POINT FOIINDATIOI IA company limited by guarnltt) REPORT OF THE TRUSTEES For tbe yt4r eDded 5 Apri12021 Achievements and perforniance During the yearended 5 April 2021. we coniinued w raise rnuch-needed funds. which were f(Kw5ed onour 8 pro1ts, as ddwled eaTiieT. General fundraising has become increasingly difficult with many people being Plrt off by ne8ative press reports on other charities 9) we have wrned almost exclusively to C4)4x>tate fuThh"n8 Th1"s has been a successful move and meant we were ableto tai5e the furM15 need1 to fillfil (Mjt neats. Fundraising has been achieved primarily thrgh ts¥o close partherships with Caffe Praego Coffee Company, 0med by Hallmark Vending Lt¢ who buy iheir coffee and tea locally to ow Pr9J in Rwtnd4 and a]so with Tea Pi84 who buy their tea from Pfunda Tea CrAnpany. again based just 10 mineS from the heart of w prOJts. We continue our media alville$ on the lniern through Fxebook and Insta8rarn. wthich ate updateA weekly. Sozne of our internaiional donors pay their donations direct to the proiextsin Rwandl due to high bank charges and pool exchange lates, with their funds paid directly to ucc for l(K8] 5uppliet5 Ifot ftxxl. medication and living items) and The Point Foundation sitnply tnana8es the process. Our Projects Manager, Wialeur Uwambaiiman4 continues io work hard and ddiver the management needed to 5UPPOrt our work. Viateur is responsible for managing ail prOjts on the ground and he keeps lou¢h daily by em8il and by wttkly Skype calls. He is also a highly qua]if11 phy5iothernpis1- ideal for helping the PWD'S and children Mryth rxrebral palsy. l)isability Programme Our pwtrership with the Ubumwe Community Centre in Giseyni (a specialist disability centre) started in 2013 and they continue io proide support and care to hundreds of lo1 pu)ple with wial ne. The Point F{xLEation is now their Second higeSt donor supporling this very wonhy cause. Due totheir severe lack of funth"n& we (ontinue lo support Iwe Community Centre based (xrtside Kigali. This small centre onc¢ntrate5 on suppiKttn8 lrtAI special needs ckn"IdtEn. This ye4r we continued io fvnd an outreach programme providing physiothefapy for children who have severe cerd>Trl palsy and WIK) ar¢ UDable to get to the Centre, as wdl as a new playground area with equipment. Jessie's Place isthe centre wherethe PwD'& livingin the Homes41ife pr(y¥mm¢. 89 e&ch day forthwy And play. Jessie's Place has now moved io Éncorporate its work ryth Inshuti Wotnen's Co-operntive and we continue to gjpport them with funding for sewin8 Mhine& and mattrew and thairs for disabled childtell's physio. Individual Support During 2020121 we continued supp(Mlin8 a few ex-Nl (hphana8e children wl¥) are now young adults. Whete they have not been abl¢ tos¢t jobs And. as a consequence. are gJffering from lack of shdtei and f(KxI orwhete they have severe special needs. we have supw>rted ihem wth a smatl rnonthly allowance of between £50 and £IINJ dependani on their Medic needs. T]u"5 has bttn a life saver in panicular for Gracie (an albino with 5ev¢r¢ skirt disease). Kevine (severe disabiliryi. Rifiki (mental). Moween (disability) and Gasigwa (Htv). We also supported a family of five chtldren whose fathtr hkd died and whose m(rtI had Walk tt. Support iDcludeJJ provision of f(K¥J. shelter and mj1¢al supplies Trustre and Volunteer visits Duringthe last financial year. the Chairnan and the Adrninislr*ion rnanager'5 plannd Vit9 to Rwanda in March 2020 and February 2021 were cancelled due to COVID-19. bui no Costs were tncutred for the cancellations. We are now re-planning our noxt visit for February 2022, as we believe these visits are extrernely important. Although we keep in tch regularly by email and Skyye. by visiting the pr(tyects tyjrselves we can en5 that our fwjding is b¢in¥ used &$ it should be, and that every penny sent to Rwatt is used correcdy.
THE Potyr FoifNDA TIO IA comprty limiied by guarautee) REPORT OFTHE TRUSTEES Ffrr the year tnded S April 2021 Publie Benefit The Trustees have refeTred to the guidance contained in the Charity Cornrnisshon's 8eneraI guidance on public benefit when reviewryng the Charity's aÈms and (Jjective5, &5 wdl as in planning its activitie5. Our acttvitie5 ¢Utrendy carried ojt for the public benefit ate detailed earlier in ihe Report of the Tntstees but in general ternis (wJr (*Jjectives are certtr on the words-Ll, Lifv & Learn-. In this context the Chan"ty l(>oked to rdieve poverty. sicknes5 and dtstress as well as advance the eJIution of vulnerable people. in panicuiar but not exclusively in Afric4 by making antS of money for proding or paying for item& service5 and facilitie5 in order to achieve our objeaives. As [nentiOn earlier. due to the exceptional cir¢umstano¢5 affecting ctyJntries around the wor]d a5 a resu]t of the COVtD-19 pandemic, in Mar¢h 2020 the management team determined to review and expand the Chariry's aims and objectives. and these expanded aitns and tA)jectiTrts were agreed by the Clwity Comtnission in June 2020. Anancial review The PoÈnt FndaOn'$ work is entirely dependent on d£tiOnS in from the public, both individua]s and companies. D<>nxtions received are immtsliately deposited in w bank current aec(XLnt as the monies are usua]ly Use fairly quickly on cutrent piojects. Thus far, in view of the limited size of donations received. it has not been ow aim to Ènv¢st tnonies into anb]ng other than short-tern) interest4earing investh)ents. Howevw. thL"5 is an area that will be kept under review by the Ttuste¢s. During the year ended 5 April 202R. we rais £13.523 of untestricted funds. including £13.523 from donations And £Nil from fundraising events. ID addiuoo raised £88.2(K> of donations wih a restriction on their use. The cost of our ndrnising evenis am(mmi io £Nil and we spent £67.932 on the proiLYts dthiled above. includin¥ £66.532 of restricted use funds. After interest receivable of £7 and other costs rdating to Governance amounting to £16.141), had the amount of £105.863 available at S April 2021 to be catTied fm4th into ojr 2021122-developm¢nt prOe, of which £84.195 represents unrestricted fimds and 1.668 repre5Cllts restricred fijnds for Future Periods The Point Ftyjndation continues to raise fuNls both here tn the UK. and overseas. in orderto continue to support our current projects. However, 8tven theongoin8 unknowi potential onOMiC impact of the COVllk19 pandemic, we remain cautlOU5 in our Spending plans. As sch(K)Is in Rwdnda and South Afiica have re-opened. we shill ci>ntinue with educational supporL the PWD prwamme. a55iSting ffl other projeas such as fijnding disabled children going to school, teachers at Ubumwe Cotntnunity Cthtre and educational materials foi their House of Children Schwl. but much will depend OD future fundraising. With only one thdent left to finish their university in 2021 we will be able to refocus our funding onto new projects Involn8 mh Yngtr children. many of whom are s¢v¢rdy disabled. Risk and Reserves Policy The Trustees have a risk man28ement strategy in place cornprisin8". Submitlin8 anrtual budws with monthly updates io ensu projects are fi]Y planned and paid for A half ye&riy review of the risks the Charity may face The esthblishment of systems and pr to rnitiwe against those Tisks identified in the review The 1mplemenMi( of prLKthwes design1 to prevent any pential impact on the Chatity shojld those risks materialise Following best practice and lldance from the Clwity Commissii In 2016. the Trnste agreryj to maintain the amount of £15,Iy)O in a Continge res¥¢ account sothat there wvuld WayS be al leastthis atnount available for COntingeIe shwldth¢ need arise. The amount Maintain in this contingency reserve 8¢count is rryeWed on a regdar basis.
THE POtYT FoifNDATIOry IA tompny limiied by grIn1) REPORT OF THE TRUSTEES For tht yur ended S Apiii 2021 Trustees The Trustees of the Chartthble C¢wany are its direct(Ys for the put of company law. Current trustees have the power appoint new tnjstees. The Trustees who have served since 6 April 2020 10 the date of this Thtre ls follows.. C L Tiaoe TRRKerr A L Hammond No Trustee had any tnierest in the Cornpany by that the Company Es limited by guarantee and does not have a share capital. The Company h&5 purch5ed Indenmity Insurance fthe Trustees of £250.(XK) (2020.. £250.(KK)) a Cost of £321 (2020. £3181. Statement of Trustees Responsibilities The Tntee$ are re5trf)n5ibl¢for prepingthe TrU¢¢S R¢wt and the financi ststements in accordance applicable law and relations. Company law requires the Ttusttts. who ate Directors for the purpose of company law, io prepare financial statements for each financial year. Under that law. the TTuMees have eleaoj io prepare the financial ststements in Accordance ryth United KLR8dom Generally Accepted Accnting Practice {Uniied Kingdom Accounting Standards and applicabl¢ law) Under cornpany law the Tn]e¢s must not approve the financial statements unless they are sausfjed that they give a twe and fair view of the stale of affairs of the ChatÉty and of the sp]uS or deficit of the Charity for that period. In prepartn8 these financial statement8 the Trnstees are required to. Select suitable accixwtin8 w4icies 8nd then apply them con5iStently: Make judgrnents and accounting e]Mates thai are rea9)nable and prud Stste whether appliubl¢ UK Accounting Standards have been follow subJt to any material departures disclosed and eXplne in the financial sthtements" Prepare th¢ financial statements on the going concern basis unle55 it is inappropriate to presume that the company will continue in busines& The Tw5tees are responsible for keeping adequate accwnting Tec(Yds that are sufficient to show and explain the Charity's transactions and disclose with reasonable accutacy at any time the financi position of the Cotnpany and enabl¢ them to ensure that the financial 5taten]ents comply with the Companies Aa 21K)6. are also responsible for safeguarding the assets of the Chatity and h¢¢ fot taking reasonable sw for preventson alld d¢t&tion of fraud and other ieBularltieS. ThÉ$ report h&4 been preparoj in accordanc£ with the provist5 applicsble to companies subjttt to the small companies. regime. App ed by the Board DfDireeton ott 2021 and signed on their beIr by: CHARLES L TRACE Cbairma
Ian Holder
Ian Holder (Aug 2, 2021 09:27 GMT+1)
Aug 2, 2021
THE POINT FOUNDATIO (A cOmpaY limited by guaraotte STATEME.YT OF FINANCIAL ACTtVITIES (iDtorpr•ting iDcomt txptnditurt atfount) For the year eDded S April 2021 Ullrestricicd Restricted Total funds Unrestrkct luj runds 2021 funds Restrict Total fund5 fund5 2020 INCOME FROM: Donations Investments 13.523 88.2¢X) 101.723 48.668 32 80.442 129.110 32 13.530 88.2(Kl 101,7311 48.7(KJ 80.442 129,142 EXPENDITURE ON: Charitable a¢tivities 28.392 66.532 9{924 37,919 80.442 118a61 Totsl 28.392 66.532 91924 37.919 80,442 118J61 NET INCOME {InSS) (14.862) 21.668 10.781 EO.781 TOTAL FUNDS BROUGHT FORWARD 99.057 99,057 88.276 88276 TOTAL FUNDS CARRIED FORWARD 84.195 21.668 IOS863 99.057 99,OS7 The Statetnent of Financial Acti*ities include5 4EI 8ain5 and losses r¢¢ognised in the year. AEI incom¢ and exwdt is d¢riv&l from cffitinuing athivities. The notes on pages 10 to 13 fm part of these financial sthtements.
THE POINT FOUYDATION (A company litnited by guaraDtte BALANCE SHEET A5 at S April 2021 COmnY Number. 65S3113 2021 2020 Notes CURRENT ASSETS Cash * bank and in hand 109.IM3 102.057 109,IM3 102,057 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (3.180) {3,00111 NET CURRENT ASSETS 105,863 99,057 NET ASSETS 105,863 99.057 REPRESENTED BY: Unresthcted funds General rtd$ Designated Restrithed funds 69,195 1S.IXIO 21.668 84,057 Is,000 105,863 99,057 The notes on pages 10 to 13 fonn pan of these finanaal swements. The Dtrectot5 considerthatth¢wmpany is¢ntit]ryl to exemption from the requiremutt io have an audii undertheprovisi(Trns of wli(Trn 477 gf the Companies Act 2(M)6 C'the Acr") and members have required the c£Trmpany to obtAin audit foi the year in question in accordance with section 476 of the Act. The Dirert(TrTs acknowledge their responsibilities for ensuring that the oiNnpany kttps acc(KLnting records which comply $tion 386 of the Act and for piepating financial 5taiemenis which give a true and fair view of the state of affairs of the c4Jmpany 5 April 2021 and of its income and expendÈture for the ytst then ended in accordance with the requirements of stionS 394 and 395 of the Act and which othetwise comply with the requirements of the Companies Act 2 ielatin8 to the financial gtatements as so far as applicable to the company. These finaD¢ial slat¢m¢nts have been prepj in with the S[la1 provigon5 r¢tatin8 to companies subject to the small compani, tc8ime wtthin Part 15 of the C(xnpanies Ath 2(X Appn)ved by the Tmstees o and signed on their behalf by.. )• 2021 CHARLES L TRACE ADRIAII L HAMMOND Board of Dtrttt(Ks
THE POtNT FOLYDATION IA rompgny limited by guarantee) NOTES TO THE FtNANCL4L STATEMENTS For tbe yur ended 5 April 2021 AcCOuNG POLICILS BASIS of tcouDtiTr% Tr fillatttha] Mxemettts are prepred under ts bJMoncal cox CODvemion aThJ in xcothcc wrth the Statement of RccommcThdd PTrctic¢ ISORPI. appliLxble to chartti"¢s prepwing t"r5 in iiith the Finartt121 Rewrt8 Stsndard ar@liL1t in tk UK and Rybjic of IrElaTrJ IFRS 102} I(ktthr ?019 ¢th"tithl- (Clwitsts SORP IFRS 1021}. Fitwjcial Rertir Stath appli¢abl¢ Ln the UK aDd Rq)ublicof ITE]aThl IFRS 102) atyj tt c1knpe$Att 20(h. Th¢]r is rK) mriaJ Jmw from (x) SORP (ktoirr 2019 ¢th"ti¢yJ. Tr Point Fnda.( mects thfin1ts( of awblic iwfit e4ty1" utttsrFRS 102. Tr pAlci Iwve iren applKd consi5nd!". ¢ sd Wow." lTrcomc Js recognised the Chan't%' rc(£ivuJ LY 15 arttdd probabl¢. kn¢4Th)¢ i$ pAtl1[Y rÈved frIHn the UDrted KI8dll. Expendity to the fulldraj xriiities of the CIAnpam.". Govet]Jance COSLS are costs iDC1 m re]aDoD ts> lmLtListrfLDg & Chants.. aTwJ coNJpl)ryDg wryth its sMlutory and ]Witi<l41 obli8atirms. Financial in5trnthe#ts llk, Charifl" cmth. h&8 fiJJKd and financlai [thIll¢S of a knTwJ that q1. as bas"r fJnatv"a] ]nslTUrti¢rtts. Basi¢ fi]]aTh¢d J]LStrumert8arc initsall) re¢(8mk at [rK)n at¥J sUbqn%. rn¢a5Utrd * th¢irs¢tt]¢m¢JJt Nalu¢ Nith th¢ exeqxion ofbank loan& gJE•I" at u)st the efftth.ve iDlere meth( Fytyds UnreslrictedFuthb- ¢an IK LLf a tr diretion ofth Tntr5 in fuTthetarMx of charl.$ (J¢C Restric1edF- rewesots a1 d(•)•"rns that giirth for SifiC 5eryi<¢s aj proJ¢¢ts utkn by th¢ CoMpY status Tr Point is a cunpam.. limited bi. gUalet EK havi a sb2re capitat. re8isrcd in E81a[¥] WaJe5. numkr 6553113. Thc likbj.rn of the MeMk is Imiited . MemoraThJutn of AW¢110. Foreign curTenrytr•n4•Ai Tratisadiujs deTh)mthated io foreLgtL currfflKLes a trdn51atyJ itrto rlth8 at tbc excwc ratr n18 at the datr of the tiansacbiHJs or att av¢r2ge rae for tbe if thc ratr5 do wt flwtu 51gJJJfi(antli". MotW2n" &sw attd ILabiliues are traus1ed the exchaDge ratc rn]itLg * the IdarKc shed d. All r5u]t]ll8 exchattge re th"fferenccs arc inclth in th¢ n Going concern Thc Char. OF¢rne5 a going the T¢¢$ aye of th li will ¢jHle to do so for th¢ foTE5e¢abie fi]ture. aiFii ata sJighil%' rcduced lei'el eomrAredto ¢¢nI i"¢ar5. &s¢Yp]athed in the Rcrx>n ofthc Tru5trxs Afterconsidcring the fiature tnts'al of Cov119. and after stsrss st W%"& tk dInxw are of th Triew" that tktE aTE sufficie rescrvcs to cuTe the immeth'atr firtll of the (Jwits" for 12 18 months a1 on th b.5 the Chan't). is a going 0[[n. A statemetttofcasb flow"5 b&$n dmrthkcOm1.I$b1lltheynll1chanty andcompani thresholds. Judzments ID apptying •c¢Trting Fdicies aThd key ol¢siimtioll fttertaillty material irnpxt on camin8 am(xmts of a%s¢ts •xd l]abiiIlk iiithin th accwkts. 10
THE POINT FOIINDA TION (A tOJDpany limiied by gur4nttt) NOTES TO THE FINANCIAL STA TEMENrs For tbe ye4r ended 5 April 2021 EXPENDrruRE ON CHARrrABLE ACttVITIES 2021 2020 A¢llVllies threctl uThleriaken.' Rwanda s(h Africa 61.632 84,409 6,622 33110 1.4 63W2 94J31 Trave] and accomm(yJati(xt costs of Tr¢¢5 managing pr(tyects in Africa Staffcosts (e 4) Computer, printin& stationuy and other office costs Foreign exohan8e differences Insurance 694 72(Kl 2.580 (2,902) 318 5.055 321 15,752 7091 s (N{e 3) 16.1411 1&140 Tot1 94924 118J61 GOVERNANCE COS15 2021 2020 Independent Examiner's fees OffJ¢¢ and administration fees 01C 7) 1.740 14400 1,740 14.41MI 16,140 1&140 STAFF COSTS 21121 2020 R¢rnuneration to I1 ptoiect manager in Rwanda 72Ob 21121 Number 2020 Number Projects No staff had remunerati(yn above £(rf}.( in the ojrrem year {2020". None).
THE POINT FOUNDATION IA tompny limtted by guraDtetl NOTES TO THE FINANCIAL STATEMENTS For the ye*r ended S April 2021 NET INCOME 2021 2020 Net income is ststed after chargin8.' Indedent Examiner's fees 1.740 1.740 CREDITORS: AMouNfs FALLING DUE wrfHI]¥ ONE YEAR 2021 2020 Accru8ls 3,180 3,tlOO RELATED AND ASSOCL4TED PARTY TRANSAcfioNS No emoluments were payable to the Trumets in respea of services to the Ch8rity. The amwnt of expenses reimbursoj toTTUStees12020.. two). Tepresenting trave] accornmixlation costs incurred by them when on trips to Africa io manage projects on behalf of the CPanY, amnt] to £KJl12020". £694). The Company wrchased Indemnity Insurance of £250.(KM) (2020". £250,(th) fff the Trustees at a ci)st of £321 (2020.. £318) Due to the Chairnian's increasing workjoad ift c(mtrollin8 all the Chwity's activitie4 it was agreed at a meeting of the Trusiees held on 19 January 2012 that a ¢ornpany partia]ly owned by the Chairn)an would be en8a8ed to proTride various olTJce and administrauon services to the Chatity on an onyoin¥ basis at the monthly fee of £l,(K)O plus Vat The fees ¢h8rged durin8 the year ended 5 April 2021 were £14,4(K> (2020.. £14.4(X)) and the amount of £1,2(K) was owed at 5 April 2021 (2020". £1.2(M)). The Charity h&8 notified the Charity Cornmission and received their a8t¢ement to this arrangemeni. 12
THE POINT FOUNDATION (A comp4ny lirnited by guaraDttt) NOTES TO THE FI.NANCIAL STATEMENTS For the yr ended S April 2021 FUNDS At5 April 2020 Ats April 2021 lttcome Expenditure Tramsfer Unreslricled General fimd5 14.1)S7 13.530 (26.992) {1.400) 69,195 (1.4W) Designated contingaw reserve funds 15.iMKI ts.000 99.057 13.530 {28.392) 84,195 Restricted Rwanda 88.21KI ((rf>.532) 21.668 TO funds 99.057 101.730 {94.924) 105063 The ¢ttle5 presented here combinea numbei of different pr(yects. The Restride41 funds represent amount5 1Ved from donors io assist the Charity in funding the Work on project5 in specific l(ataons. The Re5tticted fund5 are hdd in cash. ANALYSIS OF NET AETs BETWEEN FUNDS Generxl Designated Rtstrirted fund5 fundi Totsl Fund ba]ances at 5 April 2021 are represented by.. cu1 a55¢ts Cr&litors.' amounts falling due within one year 72,375 (3.180) 15,(KKI 21,668 109.043 {3.180) Total met usets t 5 April 2021 69,195 Isooo 21ffj68 105 13