Company numher." 116553113 Charity nutNber: 1126392 THE POINT FOUNDATION (A compxny limited by 8uarantet) Unaudited finaneial $tstements Year ended 5 April 2022
THE POINT FOUNDATION (A fOmPaDy lirnited by gu4r4nttt) INDEX Company InformAtiOD Rtport of tbe Tru$tseJ Independent Examiner's Report Statement of Financial Aetivities Balance She Nott& to tbt FÉttAnti Statements io
THE POINT FOUNDATION IA company limited by gu4r4ntet) COMPANY INFORMATION PATRON Sally Gunnell OBE Patron TRUSTEES Charles L Trace Tim R RKerr Adrian L Hammond Chaiman Secretary Tieawrer SECRETARY Tim R R Kerr REGISTERED OFFICE Ashleigh Hous¢ Sands Lane Small Dole West Sussex BN5 9YL COMPANY NUMBER 06553113 CHARrrY NUMBER 1126392 INDEPENDENT EXAMINER David FCA Mazars LLP First Fl(x)r 2 Chamberlain Square Bimiingham B3 3AX BANKERS Nation Westminster Bank plc 149 Preston R(*d Brighton BNI 6AS SOLICITORS Grityith Smith LLP 32 Keymer Road Ha$s(kS BN6 8AL
THE POINT FOUNDATION
(A tllmP&Dy lirnited by grAntee
REPORT OF THE TRUSTEES
For the year ended 5 April 2022
The Tnjstees pr¢sent theti r¢port and the fJnan¢iai statements for the year ended 5 April 2022. The financi sthtements
cornply wth the Charitie5 Act 2011, the Companies Act 2006, the Memorandum and Articles of A55tKiation. and
Accounting and Reporting by Charities. Statement of Recomtnendd Practice applicable to chatities pieparin8 their
accounts in accordance with the Fitwicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
IO¢tober 2019 Edition).
Constitution
The Point Foundation is constituted as a company limited by guarantee and a restered charity governed by its
rnemorandum and articles of association Th¢ OFg4niSltsOn was incorporated on the 2 April 2008 and became a rewstered
charity on 22 (ktober 2008.
Objects of the Cbarity
The Charity's F(Kus statement IS"ve, Life & Learn
Ai the beginning of the Charity, the Trusttts decÉded to ctsncentrate only on 2 select number of projwt5 where we could
focus a]1 our enewes in(0 making a rea] difference. Fourteen y¢2ts on, our strategy continue5 wth around s,0 Nulnerable
and Speci nttds children directly benefiting from QUT SUPPOrt over thi5 tirne peri(Kl through our funding and our guidanc¢,
primarily ihrtyJgh education but a150 Wlth equipment. hywen¢ m¢di¢al, f4XKI and clothing supplies. We are now in the
prttess of building on our legacy through the Mwo80 projects in Rwand4 funding infrastrncknre projects for the vocstion4]
training centre, eco villa8¢ and farniing programmes there.
The financial year 2021122 was a ¢hailenwng year for us, as our income and donations were affected by the COVID-19
pandetnic However, thoUgh our income from donations suffered. we were able to continue to support projects
fjnancjIy, and coniribuied io the monthly salaries of all those involved in our work in Rwanda.
Even though our schools and vocational training cenite in Rwanda were closed for some of the y¢aT, we were able to support
many of the families of special needs children wth f(d, medicines, books and sch(K>l training mBteTiais so that teaching
and support contsnued.
During 2021122. we have worked closely with the following seven institutions..
Ubumwe Community Centre (UCCI (providing specialist disability-b2sed support)
House of Children School
Mwo80 V(Katsonai Trdining Centre Imwogo VTC)
La Gerniaine Sch(N)I
Kigeyo School
Izere Community Centre for Cerebia] Palsy children
Jessie'5 Place (day Centi¢ for severely disabled) and Jessie's C(H)petativ¢
We have concluded university prola[nIne. supportins ex-Noel Otphanage students secondary school education
(includin8 fee5 and 118nsportl and those attending universiry (fees, accommodation, book5, fiyxi and transpon. as well as
8iaduaiion c05ts). Over the years, thi5 pro8ramme has funded 128 sdentS as they completed university courses. No more
stud¢nt plaG¢s at¢ ¢utt¢ntly pla[ed.
In 2017 we were presented an award foT"Outstandin¥ and Significant Contribution to Rwandan EdutiOn.
A150. in
March 2019 we were presented with an award for "Significartt Contribution to the Growth of University of Tourism &
Business..
Both awards were m¢ by th¢ Univer55ty of Touti5m & Bu5in¢55. Kiga]È. Rwanda at their graduation
cer¢monies.
Our last project, Mwogo vrc, based near Bu¥eserd. is lrtated in one of the p
THE POINT FOUNDATION
IA comp8ny limited by guaratte)
REPORT OF THE TRUSTEES
For the year ended S April 2022
Objetts of the Charity (continu¢d)
In 2022. we have taken on a second intake of students ai Mwogo VTC with the previous intrke now movin8 Out to work in
various c<weratives. For these fottn¢r swdents. we have helped fund ihe purchase of sewing machines and hairdre5sin8
¢quipment to assist them in getting started in their COwoperAtives in the tSide world.
With both Rwanda and South Africa in severe l(*kdown and schools closed for several Months in 2021, we continued to
fijnd a number of known individuals and families in Rwand4 who were being severely atTected by the lockdo
situation. by paying for f(XKI parce15. medicine5 and cloihing.
Structure, Governance Management
The Point Foundation i5 a company limited by guaraniee 2nd a registered ¢harity in England and Wai¢s. s]Y Gunnell.
OBE. continues as th¢ Point FndatIon'S Patron and takes an active inter¢sl in all the work the Chatity 15 doing.
Duting the past financial year. the management team, who forn) the Key Management Personnel of The Point Foundatio[4
has in¢luded the Chaimian (FIALnder}, the Company Se¢retary and the Treasurer. The AdministratorlMark¢ting support
manager, who pioYide5 all our social netWOTkin8, medi4 newsletters, websjte updates and communi¢ation to ourfundraising
supporters, ha5 now also taken on a direct liaison role working closely with
THE POINT FOUNDATION (A company lithited by guarxttt¢e) REPORT OF THE TRUSTEES For tbe year ended 5 April 2022 Individual Support Durin8 2021122 w¢ wntinued supporting a few ex-Noel Orphanage children who are now young adults. Where they have not been able to Bet jobs and, as a consequence. are suffering from lack of shelter and fo(Ml. or where they have severe special nttds. we have supported them with a small monthly lOwanCe of between £50 and £100. dependani on their medica] needs. Thi5 has been a life saver in particular for Gwie lan aibifto with severe skin disease). Kevine (severe (h"5&biliry). Rifiki (mental), Mow¢en (disability} and Gasigwa (HIV). We atso supported a family of five children whose father had died and wth05e mother had wked out. Support included provision of f(x)d, shelter and medical wpplies. Trustee and Volunte¢r visits The Chaimjan and the Adminisiraiion mana8er's planned visiis to Rwanda in March 2020 and February 2021 were cancelled due to COVID-19, but no costs were incurred for the cancellations. We have now b(M)ked our nexi visit foi Oct(l>er 2022, as we be]eve these vi5jts are extremely important A]though we keep in touch re¥ulariy by email and Skype, by visiting the projects ourselves we can ensure that our funding is being used as it Should be. and that every penny sent to Rwanda is used corterdy. Publi¢ Benefit The Trustees have re[eed to the guidance contained in the Chartty Commi55i(>n's general guidance on public benefit when reviewing the Charity's aims and obj¢¢tives. as we]1 as in plannin¥ its athlties. Our activities cuTt¢ndy carried lt for the public benefit are detsiled eartier in the Report of the TTUStee5 but in general tems our objective5 are centred on the words -Live. l.ife & l£arn" In this ¢ontext the Charity looks to relieve poverty, Stckness and distress, as well as advance the UcatIon of vulnerdble people. in particular but not exclusively. in Afric& by making antS of money for providing or paying for iiems. service5 and facilitie5 in order to achieve our objectives. Due to the exception circumstAnce5 affecting countries aroJnd the WOTld as a result of the COVID-19 pandemic. the management team deterniined. in March 2020, 10 review and expand the Charity's m$ and objective5. and these expanded aims and objectives were agreed by the Charity Commission in June 2020. Financial review The Point Foundation's work is entirely dependent on donations coming in from the public, both individuals and companies. Donation5 received are immediately deposited in IYJT bank cwent account a% th¢ monies are usua]Iy used fairly quickly on current projects. Thus far. in view of the limited size of donations received, it has not been our aim io invest tnonies into anJthin8 Other than short-t¢rn interest-be4ring investments. However. this is an area that will be kept under revi¢w by the Trusttt5. During the year ended 5 April 2022. we raised £16,855 of Uneted di>nations. In addition. we raised £1 10,825 of donation5 with a iesttiction on their use We spent £112.214 on the projects detsiled above. including £99.590 of Tesiricted use fund5. After interest i&eivable of£1 and other costs ielating to Governance amounting to £21.216. we had the amouni of £100, 114 available at 5 April 2022 to be carried forward into our 2022123 development programme. of whtch £67.211 repiesenis unrestrirted funds and £32.)3 represents restricted funds. Plans for Future Periods The Potnt Foundation continues to raise funds both here in the UK. and overseas. in order to Continue to support our cutrent projects. However, Ven the ongoin8 unknowm potential economic impact of the COVID-19 pandemic. we remai Cautious in our 5p¢nding plans. As schwls in Rwanda and South Africa have re-opened, we will continue with educational support. the PWD prowme, assisting on other projects such as funding disabled children oi8 to schLx)I, teachers ai Ubumwe Community Centre and educationat materiS for their House of Children sch1. but much will d¢pend on fure fundraisin8.
THE POINT FOUNDATION (A compny limited by guar*Dttt) REPORT OF THE TRUSTEES For the year tnded S April 2022 Risk gnd Reserves Policy The Trustees have a risk m&na8¢ment strategy in place comprisin8' Submittin8 annu budget5 wilh monthly updates io ensure projects are fully planned and paid for A half yearly review of the risks the Charity may face The establishment of systems and pr(edureS to miti8Ate against those risks identified in the review The implementation of predureS designed to prevent any potentia] impatt on the Charity sh{]d those risk5 rnateridise Followin8 b¢5t practice and guidance from the Charity Comtnission In 2016. Ihe Trust¢e5 agreed to maintain the amount of £15,000 in a contingency reserve acc(unt so that there w(M]Id always be at leastthts amount available for contingen¢te5, shi)uld th¢ need arise. Theamount maintained in this contingency reserve account Is reviewed on a r¢guiar b&sis. Trustees The Trustees of the Charitable Company are its directors for the purpose of ¢ompany law. Current trustees have the pow¢r to appM)int new twstees. The Trustees. who have Served sirtoe 6 April 202110 the date of this repor( were as follows.. C L Trace TRRKerr A L Hatntnond No Trustee had any interest in the Company by virtue that the Company is limited by guarantee and doe5 not have a 5har¢ ap11. The Company has purch&5ed Indemnity Insurance for the TtUStees of £250.0(K) (2021.. £250,000) at a cosi of £315 {2021. £321) Statement of Trustees Responsibilities The Tn]5tees are responsible for preparing the Trustees Report and the financial statements in accordance with appli¢able law And regulations. Company law requires the Tstee5. who are Directors for the purpose of company law, to prepare financial 5thtemenis for each financid year. Under that law. the Trustee5 have elected to prepare ihe financad 5tatemenis in accordance wth Unit&l Kingdom Generally Accepted Accounting Practice (United Kingdotn Accounting Standard5 and applicable law). Und¢i company law the Trustees musi not approve the flnancial stat¢menis unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the surplu5 or defjcit of the Chatity for thai period. In preparing these financial Statements, the Trystees are required to.. Select suitable &ccoJntin8 policies and then apply them con5iSt¢ntly: Make judgments and accounting estimates that at¢ reasonable and PFud¢nt" State whether applicable UK Accountin8 Standards have been follow¢(L subject to any materia] departures disclosed and explained in the financial statements: Prepare the flnanci staiements on the goÉng Concern basis unless It is inappropriate to presume that the company will continu¢ in busines
THE POINT FOUNDATION (A COmP&Dy lirnited by 8urntee) REPORT OF THE TRUSTEES F•r the year ended 5 April 2022 Statsmtnt of Trnstees Responsibilities (continued) The Trustees are responsible for keeping adequate accoJnting records that are sutricient to show and explain the Charity's transactions and discl<kse with ie4sonabl¢ accuracy at any time the financial position of the Company and enable them to ensure that the finantha] statements comply with the Companies Act 2006. They a a]so responsible for safeguarding the assets of the Charity and hence for taksn¥ reasonable steps for the Prevention and detection of fraud and other irregularities. This r¢port has been pr¢par¢d in a¢¢oidanc¢ with the provhsions 4pplitable to companies bject to the small companies, re8Stne. Approved by tbe Board of Directgrs 22 July 2022 and $igDed on their behr by: CHARLES L TRACE Chairma
David Hoose (Jul 26, 2022 09:42 GMT+1)
Jul 26, 2022
THE POINT FOUNDATION (A comp8ny lirnited by gwr8Dtee) STATEMENT OF FINANCIAL ACTIVtriES (incorporating an income and expeTrditure atcount) For the yer ended 5 April 2022 Unre$tric¢ed Restricted funds funds Total funds 2022 Unrestricted Restricted funds funds Total fllnds 2021 Noles INCOME FROM: Donation5 Investments 16.855 110.825 127,680 13.523 88,21K) 101,723 Total 16.856 110.825 127,681 13.530 88,200 Ifll.730 EXPENDITURE ON: CharitAbl¢ actsviti¢s 33.840 99.590 133.430 28,392 66.532 94,924 33.840 99,590 133.430 28,392 66.532 94,924 NETIEXPENDrruREy INCOME (16.984) 11.235 (5,749) (14.862) 21.668 6.806 TOTAL FUNDS BROUGHT FORWARD 84.195 21,668 105163 99.057 99,057 TOTAL FUNDS CARIUED FORWARD 67.211 32.903 100,114 84.195 21,668 105.863 The Ststement of Financial Activities includes gains and losses reeognised in the y¢ar. All income and expendiwre are derived from ¢ontinuin8 activities. The notes on pa8¢s 10 to 13 fonn part of the financial ststements.
THE POINT FOUNDATION IA company limited by guarantee) BALANCE SHEET As at S April 2022 Company Number: 6S53113 21122 2021 Notes CURRENT ASSETS Cash at bank and in hand 101,890 109,043 101,890 109.043 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (1.776) NET CURRENT ASSETS 100.114 105.863 NET ASSETS 100.114 105.863 REPRESENTED BY: Unrestricted funds Genal fund5 Designated Restricted funds 52,211 15,000 32.903 69.195 15.000 21.668 100.114 105.863 The not¢5 on pages 10 to 13 form part of these financi statements. The EhTeuors consider th the CoMpY is entitled toexelnption fiolll the requirement tohavean audit underth¢ provisions of section 477 of the Cornpanies Act 20(k6 {"the Act") and members have noi required the company to obtain an audtt fo¥ the year in quesiion in accordance wilh section 476 of the Act. The threctors acknowledge their responsibilities for ensurin8 thai the company keeps accountin8 records which cornply with section 386 of the Act and for preparing financial statements which ve a true and fair view ofihe stste of affairs of the company as at 5 April 2022 and of its income and expenditure for the year then ended in accordance with the requirements of sections 394 and 395 of the Aci and which otherwise comply with the requirements of ihe Companies Act 2006 relaiin8 to the financial siatements as so far as applicable to the ci)mpany. These financial ststements have been prepared in cOr with ihe special provisions relating to companies subject to the small cornpaniey. regime within Part 15 of the Companie5 Act 2(X)6. Approved by the Tnjstees on 22 July 2022 and si¥ned <>n their behalf by: CHARLES L TRACE ADRIAN L HAMMOND B(pard of Directoi$
THE POtNT FOUNDATION (A company lirnited by gu•rnlee NOTES TO THE FINANCIAL STATEMENTS For the yegr eMded S April 2022 ACCOUNTtNG POLICIES Basis of attountinz finan¢ial 4at¢ments ar¢ PTepared ut¥J¢r thc historical cost wnvention and Jn a¢¢ord2nce 1th the StsTh¢nt of Reeommcndcd Practicc ISORPI. 4)plicable to charities PTEparing thcir accourts in accordancc Irth thc Financia] R¢p)rnn8 Standard applicablL UK and Republic of IrElarKi IFRS 10211(ktober 2019 edition) - (chItiCS SORP IFRS 10211. the Finantia] R£port9 applirable in the UK atld Republic of Ireland IFRS IU21 and the ComrAnies Act 2(K>6. Pojnt FouDdats'on rrK¢ts thc dcfinition of a pjblic llefi1 entstN' i]nder FRS 102. a¢¢witsrt¥ poli¢i¢s, Mhirh have been applied consistrnti).. are sct out klow.. lthtome Inccrtne is reco8nJs¢d Th4J¢n th¢ Chatit>' ha5 rrc¢ivd or 15 entided to the d¢Jnations whcn probable. Income LS prin¢ipally dcrivcd from ts Unit&l Kjthgdun. penditure Expcnditurc is rccognised oth accnts]5 bA5i5. Q)sts of Raj'sing Funds reprcsent direct co$ts th¢luthn8 trav¢l, x¢¢mmLth'on arld communication cosL8 that rcl to the aCtitiCS of th¢ Company. chitable Acti. reprcscnts &nouttts $ttl0 th¢ CIMnpwJv $ ¢haritsbl¢ proJ¢cts. Goi¢rnance Costs are costs in¢4]rrryl in relattt to th]]]ist¢rill8 th¢ ChaTity'. aT¥J cornpljing with its aiutory' attd ¢onStitutial obli¥ats(Kis Financial instruments Chanty. ujl) has ats and finaThcia] lthilities of a kitNJ that qualify. &8 basic fjnanciai instnmjcnts. B&ic finan¢thi Ittrutents arr InJttaJlN' r¢cognised at tTansxtion vaJu¢ and 5ubsequentlN M¢T¢d thcirsettiemenl va]u¢ th¢ exc¢ptsoJJ of bank Ii)an4 wljich are subscqu¢ntl%' maur amortised cosr using thc ctTcaivc inTrrcst meththl. Fund5 UnresinciedFwth- the eatt used tl threort of Tn]sw$ in futth¢ran¢¢ of Chwity'$ obj¢¢ts. ResiriciedFw%ts- th¢s¢ r¢pres¢]ll grants and donats.ons that H¢]r givett for sp¢¢ifi¢ s¢rvi¢es aj proJ¢¢ts wklertaktn bs. the Charity. Desl¥ntsiÉdFupxls- th¢s¢ aFE monieseamwked b}. the Tru5tets forspecific proj¢Lts in furtheTance of tk Charitv's obieets. The balance5 at the Wance 5h¢ei dc reprentamOunts still to be uti]ised. Comp•ny statu$ The Point Fourth#"oD is a cornpani. limited bv guarantce tLOt having a share capitsi. rEgi5teTE41 in EnglaT a1 Wales, number 065$3113. Th IiabiliN' of m¢mb¢rs Is Iimid by Ik M¢mowdwn of Asgxiation. Fornign currency translatÉon Transactions detMtr fo1 ¢urr¢w¢s aff bslated inkn sterling * th¢ eX¢hSe re nding * the date of the tra#sa¢tsons or •) av¢Trg¢ rate foT th¢ p¢1] if the Trt¢s do not Iluctuatc signJficantiN Mon¢tarN' assets and Iiabiliti¢s are translatd * th¢ exchange izte n]18 the bajancc shcet datc. Ail Tesultin8 cxchange R(c diffcrcncc5 arc Includ in thc n¢t outgou]g ffsOu£s. Going concern Chants" OFTates &8 a going ¢4YJ¢¢rn atKI th¢ TtU51¢es a]r of that It Mill ¢ontinu¢ to do so foT the fore5¢eable fiJNre, 2Jbcit * a sli8ht]N rcdllt¢d l¢v¢l ¢omparcd io re¢¢rttN¢ars. explained irt th¢ R¢wrtof th¢ TW$$. After¢sIderIng the fufur¢ pyntiai imp¥t of COVID-19. and aftcr stsrss t¢st an515, the di0[5 a. of th¢ viem that th¢F¢ are sufficient rescrvcs to th¢ troma fiLiur¢ of th¢ Cjwity" for th¢ rt¢ 12 w 18 months attd ott baJ"s th¢ Chanty. Is a gOLng concem Statement of cash flo exemptio A 5tatementofcastL flow5 h&s trKenprUced$ the chan'tsble compan)'is withinthc smallchanty. and compatt% thtesholth. Judgments in apptying accounting policies ottd key sources of estimation uncertainty Th¢ chan'table compan) makes ¢5timates ar¥J asyjmptsons conccrning the firtur¢. The estimatcs hav¢ no material imrAct on canyin8 aMots of &8sets and lJabiliti¢s thc ts. io
THE POINT FOUNDA TION (A company limited by guarxnttt) NOTES TOTHE FINANCIAL STATEMEIYTS For the ytar ended 5 Aprll 2022 EXPENDrruRE ON CHARffABLE AcrtvtTtES 2022 2021 Aciiviiies th"rectl tsndertLthen.' Rwanda South Africa 93011 5.024 61W2 1,41MI Ukraine 3M4 102519 63.032 Travel and a¢comm(Mlation costs of Trustees managing projects in Afri Stafycosts (Note 41 Computer, printing, stationery and other offL¢¢ ¢OSts Foreign exchange differences Insurance 5.779 4.158 (557) 31S 5,476 5,OSS 321 9,095 15.752 GornoLe cu51s (Note 3) 21,216 1&140 Tot41 133,43 9&924 GOVERNANCE COSTS 2022 2021 Independent Examinei'5 fe¢5 OffEc¢ and administsation fees (N¢Ae 7) 1.776 19.440 1.74 14,41)0 21216 16,J40 STAFF COSTS 2022 2021 Remuneration to local project manager in Rwanda 5,779 2022 Number 2021 Iyumber Projects No staff had i¢mvneratitsrt above £60.000 in the cU¢t year (2021.. N4)ne).
THE poIKr FOUNDATION IA compAny limited by gu#rantet) NOTES TO THE FINANCIAL STATEMENTS For the yeAr ended 5 April 2022 NET INCOME 2022 2021 Net income is S¢ after tharwng.. Ind¢pertd¢nt Examiner's fee5 1,776 1.740 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Accrnals 1.776 3.1811 RELATED AND ASSOCIATED PARTY TRANSACTIONS No emoluments were payable to the Trustees in respect of servtces to the Charity. The amount of expenses reimbursed to Trustee& representin¥ travel and accommodation costs in¢urred by ihem when on trips io Africa to manage projects on behalf of the Company. am4)unted to £Nil {2021.. £Nill. The Company purchased Indemnity lrtsuran¢¢ of £250,000 (2021". £250,)) for the TTUStees at a cost of £315 {2021.' £321) Due to the Chaimian's kn¢ieasing workload in controlling all the Charity's activities. it was agreed at a meeting of the Tmstees held on 19 January 2012 that a company partially owned by th¢ Chairn]an would be enBaged io provide various office and admittistration service5 to the Chatity on an ongoing basis at the monthly fee of £1,000 plus VAT. The Charity notified the Charity Commission in 2012 and received their agrttment to thi$ arrangement. The level of this fee was reviewed by the Trusttes on 23 September 2021 and an increase irt the mortthly fee to £1.6(M) per Fnonth plus VAT was a8ie¢d, backd?t¢d to I September 2021. The f¢e5 ¢hatged during the year ended 5 April 2022 were £19.440 (2020". £14,400) and the amount of £Nil was owed at 5 April 2022 (2021 £1.21)0) 12
THE POINT FOUNDA TION (A company lijnited by guarantee IYOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2022 FUNDS Ats April 2021 At5 April 2022 Eipendititrt Tr#D#ftr UnrutriciedfHnds.' 69,195 16.856 (25.132) {8.708} 52211 South Afric& Uktaine Designated contingency reserve fithds (5.024) (3.684) 5,024 3,684 15.OINI 15,000 84.195 16.856 {33,840) 67211 Re5trictsdfuMdf Rwanda 21,668 10,825 (99.590) 32,903 Total fuDdJ 105,863 127,681 1133,430) 100,114 Th¢ countii¢s pres¢nt¢d here combhn¢ a number of different proie¢ts. The R¢$tTi¢ted funds r¢pr¢s¢nt amounts received from donors to assist the Charity in funding th¢ work on projects Ln specific locations. The Restricted funds are held in cash. ANALYSIS OF NET ASSETS BETWEEN FUNDS Gener*1 funds Designated Restricted funds Totsl funds Fund balantes #t 5 April 2022 Are repruented by: Current a$sS Crediiors.. amounts failing due within one year 53.987 {1.776) 15.iKJO 32.903 101,890 (1,776) Tot#1 ntt ##sets #t 5 April 2022 52.21J 15.OlJO 32,903 100.114 13