Company number: 06553113
Charity number: 1126392
THE POINT FOUNDATION
IA company limited by guarantee)
Unaudited financial statements
Year ended S April 2023

THE POINT FOUNDATION
{A ¢oThp4ny limitrd by guArAnttt)
INDEX
Company InfomAtion
Report of tbe Tru$ttes
Independent Examiner's Report
Statemtnt of Financial Activitie$
B#lAnce Sheel
Notes to the FinAncial Statements
io

THE POINT FOUNDATION
(A compAny litnited by guar4nteel
COMPANY INFORMATION
PATRON
s￿]Y Gunnell OBE
Patron
TRUSTEES
Charles L Trace
TimRRKerr
Adrian L Hammond
ChwTman
Secrelary
Treasurer
SECRETARY
Tim R R Kerr
REGISTERED OFFICE
Ashlei8h House
Sands Lane
Small Dole
West Sussex
BN5 9YL
COMPANY NUMBER
06553113
CHARITY NUMBER
1126392
INDEPENDENT EXAMINER
David Hoose. FCA
Mazars LLP
First Floor
2 Chamberl8in Square
BimiinBham
B3 3AX
BAIYKERS
Nationa] Westminster Bank pl
149 Preston Road
Brighton
BNI 6AS
SOLicrroRS
Griffith Smith LLP
32 Keymer Road
Has50ck$
BN6 8AL

THE POINT FOUNDATIOIY
(A c&mpAny limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended 5 April 2023
The Trusitts present their report and the financial statements for the year ended 5 April 2023. The financial statements
comply with the Charities Act 2011. the Companie5 Act 2006. the Metnorandum and Articles of Ass(Kiation, and
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)
(October 2019 Edition).
CoD8titutio
The Point Foundation 15 constituted as a company limited by guarantee and a registered charity governed by its
memorandum and articles of association. The organisation was incorporated on the 2 April 2008 and becam¢ a regi$tered
charity on 22 October 2008.
Obje¢ts of the Charity
The Charity's Focus and statement is"Ll￿, Life & Learn"
At the beginning of the Charity, the Tnjstees decided to concentrate only on a select number of proje¢is where we ¢ould
focus our energies into making a real ditTeren¢¢. Fifteen years on. our strategy continues wth Around 5,000 vulnerable
and special needs children directly benefitinu from our support oveT this time period through our funding and our guidancq
primarily throu¥h education but also with equipment. hyyiene, medica]. food and clothing supplies. In late 2021 we started
the pro¢ess of buildin14 on i)ur leya¢y through the Mwogo PTojects in Rwanda. funding infrastructure projects for the
vocational trainin￿ centr< eco village and fanning pro8rammes there.
The financial year 2022123 wa5 a better year for us. as our income and donations improved 5i8nificantly over 2021122. Dtse
to Prudent planning, we were able to not only continue to support our existing projects financially, includin￿ our
contributions to the monthly salaries of all those involved in our work in Rwanda, but w¢ also start¢d on a significant
building programme ai MwoBo Vocational Training Centre with a new Teapigs sponsored student house. new ¢ulinary
kitchens and refectory and the start of two new ¢18ssri)om5 lo house ourtailorin¥ and hairdressin￿ students. We a150 instailed
an ¢le¢tri¢ity supply by buildin8 our 1.5km pylon line wnnection to the nearest electricity sub-station.
DurinB 2022123. we have worked ¢lose]y with the followin8 8ev¢n institutions.
Ubumwe Commurtity Centre (UCC) (providin8 specialist disfibility-b￿ed suppon)
House of Children Sch(xil
Mwo80 vocation￿ Training Centre Imwogo vrc)
La Gerniaine School
KÉgeyo School
Izere Community Centre for Cerebral Pftlsy children
Jessie's Place {day Centre for severely disabled) ond Jessie's Cfroperative
We have concluded our univer5iry pro8ramme, 5UPPOrting ex-Noel OrphanY4Be Students with secondary %h4)ol edu¢4tion
(Includin￿ fees and transport) and those attending university {fees. accommodation. books, food and tran5POrt. a5 well as
sraduation cost5). OveT th¢ years. this pro8ramme has funded 145 student5 as they completed university courses. No more
$tudent pla¢es ore ¢u]rently pl￿ned.
In 2017 we were pr¢sented with an awArd for"Outstandin8 and Siynificant Contribution to Rwandan Education"
Also, in
March 2019 we were presented with an award for"Si8nificant Contribution to the Gr0￿h of University of Tourism &
Busines5.
Btsth awards were made by the University of Tourism & Business, Ki8ali. Rwanda at their waduation
¢eremoni¢$.
Our latest project. Mwogo vrc. based near Bugesera. is located in one of the pwre5t and deprived areas of Rwanda and
provide5 local young people. with litnited employment gpportunities. Vocational training in beauty and tailoring. In 2023
we plan to add rtew courses in ITlcomputer training to those currently offered. namely. carpentry and brickwork.
We fomially opened the Mwo¥o centre in March 2019 with 45 students (eight of whom were disabled), supported by two
teachers and six suppon staty and made a onewoff donation at that time of USS60,000 to renovate the buildings. Today,
there are five teachers and eight support staff and, so far. about 3(Kl young people have. in one way or another. benefited
from the ts7iAing 8lV•).

TRE POINT FOUNDATION
(A compny limited by guar8litee)
REPORT OF THE TRUSTEES
For the yt&r ended S April 2023
Objects of the Charity (CODtiDued)
The Mwogo farniing area and animals have been moved from rented land to the ba¢k of the MWOBO ¢entre and a wide mix
of vegeiables and fruits are being grown. In addition, a cow barn has been built to house the herd of cows. Veuetables and
fruit grown are used in our culinary kitchens to feed Stsjdents and our cow herd provides milk.
The annual cost of running this proje¢t now amounts to about £45.000.
In 202Z123. we have taken on a third intake of $tud¢nts at Mwogo vrc wilh the pTrvious two intake5 now moving Qui to
work in vari￿$ e￿operatiVeS For these fonner 5wdent5. we have helped fund the pur¢ha5e of sewing machines and
h&irdressing equipment to assist them in gettin8 Started in their own ¢o-oper￿lY¢S in th¢ i)utside world.
With both Rwanda and South Aftica suffeting from food Short0￿¢$ and financial hardship. we continued to help a number
of known individual$ and f&mili¢$ in Rwanda by paying for food parce15. medicines and clothin8 for them
For our other six projects. we have continued to fund school fee5. tran5POrt. uniforms shoes and milk and provide lunch for
95 special needs children ai House of Children In addition, we have paid for one-oty purchases such water tanks. library
and school books, sewing m8¢hine$, braille machine5 and other essential item5.
Stru¢ture* Governance and Management
The Point Foundation is a company limited by guarantee and a re8i5tered charity in England and Wale5. Sally Gunnell,
OBE. continues as the Point Foundation'5 Patron and takes an active interest in all the work the Charity is doing.
Duriny the past financial year. the m2na8ement team, who fomi the Key Management Personnel of The Point Foundation.
has included the Chairnian {Found¢r), the Company S￿retary and the Treasurer. The Admini5tratorlMarketing sUPPOrt
manager. who provides all our siKia] networkinB. medii. n¢w$letters. web$ite update$ and oommuni¢ation to ourfundraising
supporters. is now the direct liaison offJ¢er, working ¢losely with our projeots mana¥¢r in Rwanda.
The manasement team communicates weekly but, due to differin8 locations of members of the team. now only meets
formally up to twice a year for Board Meetin85 to discuss ongoing projKts, future strategy. grant making considerations
and fvndraisin8 activitie5. However, the team continues to meet inforn)ally between Board meetings io discuss specitic
projects. Over the years Board member5 have visited one or more of the Charity's variou5 project5 to check on progress
and to ensure the fund5 allocated to each project have been coffectly spent and accounted.
All Trustees give their time freely and no trustee remuneration was paid in the year ended S April 2023. Details of Trustees
expense$ 2nd relAted transactions are di$¢los¢d in note 7 to the accounts.
Achievements #nd ptrformance
Duriny the year ended 5 April 2023, we continued to rwse much-needed funds. which were focused on our seven agreed
projects, as detailed earlier. Our fundraising 15 f(Kused exclusively on corporate funding. This ha5 been a successful move
and meant we were able to raise the monthly funds needed to fulfil our needs.
Fundraisin8 h&s beert achieved pftmarily throuBh two ¢lo5e partnership5 Wlth Caffe Piaego Coffee Company, own¢d by
Hdlmark V¢ndinB Ltd, who buy their ¢off¢¢ and tea loc￿lY to our projrfts in Rwanda, artd 8]so with Teapiss, who buy
their tea from Pfilnda Tea Company, a8ain based just l O minutes from th¢ h¢art of our projects.
We continue our media activities on the internet through Facebook and In5ta8fdm, which are updatod weekly. This 15
extremely important as it keeps the staff of the organisations mentioned above fully up to date.
Some of our 2nt¢mational donors pay their donations direct to the projerts in Rwanda. due to high bank charges and p(x)r
¢x¢han8e rates, their funds paid directly to UCC for infra5tTUCture prO1￿t$, local suppliers providing food, medication
and livin8 items. and The Point Foundation simply manages the process.
Our Projects Manager, Viateur Uwambajimana. continues to work hard and deliver the management needed to support our
work Viateur is responsible for managing all our projects on the ground and he keeps in touch daily by email and by
weekly Skype ¢a115 He is ￿50 4 highly qualified physiotherapist- ideal for helpins People wth Disabilities (PWD'S) and
¢hildTen with ¢erebrai palsy.

THE POINT FOUNDATION
(A tomp#ny limited by guArantet)
REPORT OF THE TRUSTEES
For the ye¥r ended 5 April 2023
Disgbility Programm¢
Our partnership with UCC in Giseyni la specialist disability rKntre) started in 2013 and they continue to proTride support
and care to hundreds of loc￿ people with special needs. The Point Foundation is now their second highest donor supportjll8
this very worthy cause. UCC are our Non-yovernmental Organisat2on (NGO) partner with legal status in Rwanda and have
overa]I responsibility for the Mwo80 project.
Due to their Severe lack of fun(bn8, we continue to support Izere CommunÉty C¢ntr¢, based outsid¢ Kigali. Thig small
centre concentrates on supporting local special needs children. This year we continued to fund an outreach programme
providing physiotherapy for children. who have severe cerebrai pa15y and who are unable to get to the Centre. and we have
added more equipment to the play8ri¥Jnd area. We also contribute to four teachers, S￿hr1eS.
Jessie's Place isthe centre where the PWD'S, living in the Homes41ife proyratnme. ea¢h day for therapy and play. Jessie's
Place has now moved to incorporat¢ it5 work with Inshuti Women's C04>perative and we contirtue to support them with
oneryoff funding. which thi5 year included purchasing pi85 for their fartn proje¢t,
Individual Support
Durin8 2022123 we continued supportin8 a few ex-Noel Orphana8e children who are now young adults. Where they have
not been able to get jobs and. as a consequenee. are SLJfterin¥ from Itck of shelter and food, or where they have severe
5pecia] needs, we have supported them with a small monihly allowance of beiween £50 and £100, dependant on their
rnedical nttds. This has been a life saver in particular for Gracie (an albino with severe skin disease). Kevine {5ever¢
disability), Rifiki (mental). Moween {disability) and Gasigwa {HlV).
We also supported a family of five children whose father had died and whose mother had walked out, Support included
prov15ion of food, 5helteT and medica] supplies.
Trusttt and Volunteer visits
The Chairn)an and the Administration manager visited Rwanda in November 2022 and May 2023.
Although we keep in touch re8ularly by email and Skype. by visltin8 the project5 OUT5elve5 we Cart ensure ¢h4t our funding
is being used as it should be. and that every penny Sent to Rwanda is used corre¢tly.
Publle Beneflt
The TNstees have ref￿red to the Buidance contained in the Charity Commi55ion's genera] guidance on publi¢ benefit when
reviewing the Charity'5 aims and obje¢tives, as well as in planning its activities.
Our activitie5 currerttly ¢arried out for the publi¢ benefit are detailed earlier in the Report of the Trustees but in 8ener
tem15 our objectives are centred on the word5 "1.iv¢., I,Ife (* l£arn"
In this context the Charity looks to relieve poverty,
sicknes5 and distress. as well as advance the education of vulnerable people, in particular but not exclusively. in Africa, by
makin8 ¥rants of money for providing OT payiny for items. services and facilities in order to achieve our objectives. Du¢ io
the exceptional CiTcumstance5 affecting countries around the world as a result of the COVtD-19 pandemic, the management
team deterniined. in March 2020, to Teview and expand the Charity'5 &im5 and objectives. and these expanded aims and
objectives were agreed by the Charity Commission in June 2020.
Finan¢ig1 review
The PointFoundation's work is entirely dependent on donations coming in from the public, both individuals and companies
Donations received are immediately depasited in our bank current account as the monies are usudly used fairly quickly on
current projects. Thus far. in view of the limited size of donations received. it ha5 not been our aim to invest monies into
anythirtg other than short-tern) interest-bearing invesknents. However, this is an area that will be kept under review by the
Trustees.
Durin8 the year ended 5 April 2023. we raised £27,922 of unrestricted donations. In addition. we raised £128.006 of
donations with a restriction on their use. We spent £125,649 on the projects detailed above. includinB £108.459 of restricted
use funds. After interest receivable of £128 and other ¢05ts relating to GoveTnance amounting to £24,816, we had the
am(iunl of £105,705 available at 5 April 2023 to be carried forward into our 2023124 development pro8fdmme. of which
£53.255 represents unrestricted funds and £52.450 represents restricted funds.

THE POINT FOUNDATION
(A comp4ny limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended S April 2023
Plany for Future Periods
The Point Foundation continues to raise funds, both here in the UK and overseas, principally through our corporate p8rtner5.
in order to continue to support our current projects. We will ¢ontinue contributing to the running costs, teacher salaries and
otherad hoc costs for House of Children School. tzere Community Centreartd Mwogo VTC. In addition. we aim to continue
supporting & few named individuals wilh mgnthly support.
We have no plans to fund any addition81 infrastn]¢tui¢ projects in th¢ future. however w¢ have been di5¢US5inB with a new
USA based partner donor, how we can support ihem in the buildin8 of a new classroom block at Mwogo VTC. Cont￿ning
a cotnputer training room and library. If these plans Succeed. funds would be transfe￿ed direct from the USA to the UCC
ID Rwanda to mana8e this project.
Our Trustees have dedicated 16 years to the development and support of project5 in Rwanda but, bearing in mind thai the
Trustees are either at or coming up to retirement age, the Board have been considering the future of The Point Foundation.
We remain committed to Rwanda and seein8 our projects ¢ontinue to flourish However. we have found it diffjcult to put
a succession plan together here in UK. so our f￿u5 is now to look to hand over the full managetnent to our Rwanda partners
{UCCl sometime in ¢h¢ next 2 to 3 years.
We do not foresee any issues with our funding for the next 12 month5 and this, together with our existing reserves. would
allow a 24-monih schedule of payment$ to keep the projects fully gUPPOrted, even if funding dried up durin￿ 2024.
Risk And Reserves Pollcy
The TTusiees have a risk management $trateBy in pla¢e ¢omprising'.
Submitting annual budgets with monthly updates to ensure project5 are fully planned and paid for
A half yearly review ofthe risks the Charity may fAce
The establishment of systems and procedures to mitigate a8ainst those risks identified in the review
The implementation of procedure$ designed io prev¢ni any potential impact on the Charity should those risks
materiAlise
Follow5ng best pr4¢¢i¢e and 8uidan¢e from the Charity Commission
In 2016. the Trustees agreed to maintain the amount of £15,000 in a contingency re5eTve account so that there would always
be at least this amount available for continB¢ncie5, should the need arise. Theamount maintained in this contingency reserve
account is reviewed on a regular basis and on 22 July 2022 the Trustees agreed to increase the reserve account to £30.000.
Truste
The Trustee$ of the Chfiritable Company are lis dir¢¢iors for the putyo$e of ¢ornpany law. Current trusiees have the power
to appoint new ttustees.
The Trustees, who have served since 6 April 2022 to the date of this report, were as follows..
C L Trace
TRRK¢
A L Hammond
No Trustee had Any interest in the Company by virtue thai the Company is limited by guarantee and does not have a share
¢apital. The Company has pur¢ha$ed Indemnity Insurance for th¢ Tru$tees of £250,00012022. £250,000) at & ¢ost of £332
(2022. £315).

THE POiNT FOUNDATION
(A company limited by gu*rantee)
REPORT OF THE TRUSTEES
For tht year ended S April 2023
StatemeDt of Trusteej Responsibilities
Th¢ Trustees are responsible for preparing the Trustees Report and the financial statetnents in accordAnee with applicable
law and re8ulation5.
Company law requires the Trust¢¢4 who 8re Directors for the purpose of company law. to prepare financial Statements for
each financial year. Under that law. the Trusiees have elected to prepare the financial statements in accordance wth United
Kingdom Generally A￿epted Accountin8 Practice {United KIn￿d0M Accounting StRndards and applicable law}. Under
company law the Tnjstees musi not approve the financial staiements unless they are satisfi¢d thAt they give a true and fair
view of the stste of affairs of the Charity and of the surplus or defJ¢kt of the Charity for that period. In preparing th¢$e
financid statements, the TNsiees are rquired to..
Select suitable accounting policies and then apply them con5iStently'.
Make judBments and accounting estimates that ar¢ reasonobl¢ And prudent:
State whether applicable UK Accountin¥ Standards hY4ve been followed, subje¢t to any materia] departures disclosed
and explained in the financial gt4tements'
Prepare the financi￿ ststements on the 80in8 concern basis unless it is inappropriaie to presume ihF4t the company will
continue in business.
The Tru5tee5 are r¢spon5ibl¢ foi keepin￿ adequate accounting records that are suificient to show 2nd explain the
Charity's transactsons and disclose with reasonable accuracy at any time the financial position of the Company and enable
th¢m to ertsU￿ that the finLn¢ial stOtem¢nt$ ¢omply Wlth the Companies Act 2006. They are also responsible for
safeuuarding th¢ 43$ets of ihe Chority and hen¢e for takinB reasonable steps for the prevention and detection of fraud and
other iffeyularitse5.
This report hES been prepaTed in accordance with the provisions oppli¢8ble io companies subject to the small companies,
regime.
Approved by the BoArd of Directory ort
2023 and signed on their behalf by:
CHARLFS L TRACE
ChxirmAn

David Hoose (Jul 20, 2023 13:09 GMT+1) 

Jul 20, 2023 



THE POINT FOUNDATION
(A company limited by guarantee)
STATEMENT OF FINANCIAL AcfivITIES (incorporatlDg incomt And expenditure account)
For the yeAr ended 5 April 2023
Unrestricted Reytricttd
fllnds
rllnds Total fund5
2023
Unrestricted
runds
Restricted
funds Total fuDds
2022
Notes
Ir4COME FROM:
Donauons
Investments
27.922
128
128.006
155.928
128
16.855
110.825
127,680
28,050
128,006
156,056
16.856
110.825
127,681
EXPENDITURE ON:
Charitable a¢iivitie$
42,006
108.459
150,465
33.840
99.590
133.430
To
42,006
108,459
150,465
33.840
99.590
133,430
NET(EXPKIYDITUREy
INCOME
(13.956)
19.547
5,591
(16,9841
11.235
(5,7491
TOTAL FUNDS BROUGHT
TrORWARD
67.211
32,903
1110,114
84.193
21.668
105,863
TOTAL FUNDS CARRIED
FORWARD
53,255
52.450
105,705
67,211
32.903
100,114
The Statement of Financi￿ A¢tivities includes all gains and losses recognised in the year.
All in¢ome and expendibjre are derived from continuing aclivitie$.
The note5 on pa8e5 10 to 13 fom part of thes¢ financial ststement5.

THE POINT FOUNDATION
{A company limited by guarantee)
BALANCE SHEET
As at 5 April 2023
Company Number: 6553113
2023
2022
Notes
CURREIYT ASSETS
Cash at bank and in hand
109.461
101.890
109,461
101,890
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
(3,756)
(1.776)
NET CURRENT ASSETS
105,70S
100,114
NET ASSETS
105,705
100,114
REPRESENTED BY:
Unrestricted fund$
General fund8
Designated
Restricted fund8
52.211
15,000
32,903
30,000
SZ,450
105,705
100.114
The notes on pa8e$ 10 ¢0 13 forn) part of these financial siatements.
The Directors consider that the company is entitled to exempiion from the requirernent to have an auditund¢r th¢ provision5
of section 477 of the Companie5 Act 2006 {"the Act") and member5 have not required the ¢ompany to obtain in audit for
the year in question in accordance with section 476 of the Act. Th¢ Directors acknowledge their responsibilities for
ensuring that the company keeps accountin￿ record5 which ¢omply with section 386 of the Aci and for preparin8 financi
statements which wve a true and fair view of the state of affairs of the ¢ompany as at 5 April 2023 and of its income and
expenditure for the year then ended in accordance with the requirements of sections 394 and 395 of the Act and which
othenvise comply with the requir￿entS of th¢ Cornp8ni¢5 Act 2006 relating to the financial Statements as so far as
applicable to the company.
These financial statement5 have bttn prepared in accordance the Speci￿ provision5 relating to ¢ompanies $ubje¢t to
the small companies, rewme within Part I S of the Companies Act 2006.
Approved by th¢ Trustees on lo
and 5i8ned on their behalf by..
2023
CHARLES L TRACE
ADRIAN L HAMMOND
Board of Directors

THE POINT FOUNDATION
(A cornp8My limited by guxrantee)
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 5 April 2023
ACC01Tr4TING POLICIES
Basis of a¢¢ounting
The financsaj 5w¢m¢rtts aw p]rpared uttd¢r th¢ histOriC41 cost conver5tion and in accoJthn¢¢ wjth the StstsmLnt of
R¢¢otnm¢rtd¢d Practice ISORPI, applicable to charities p￿parIng th¢Jr accourtts In a¢cord￿￿ tvith the Financial Reportin8
Standard applicablc in th¢ UK and R¢pllblic of Ir¢latKi IFRS 1021 IOctotKr 2019 Lditsonl - IChattiJ¢$ SORP IFRS 10211, th¢
Fillanc￿l R¢pofling Srandard applicabl¢ ￿ the UK 2nd Republic of Ireland IFRS 1021 and the Compw)ies Act 2(Kl6.
Thc Point Foundation meets the definition of a publiG iKn¢fit ¢llUlv wJd¢r FRS 102.
Thc accounlin¥ poli¢ie4 whicb hav¢ bccn appli¢d cons￿ntI￿, ar¢ set out below..
Income
[J)￿ra¢ is Y¢¢o8nis¢d WI￿ the Chan'ry ha8 r¢c¢ivoJ or 15 entitled to the donation5 when probAbl¢. In¢om¢ is prin¢ipa]ly
derived from th¢ Unitol K￿gdth￿.
Expenditu
Ewnditur¥ is rccOgni￿d ot) an accruals basi8
Costs of Rwsin8 Funds r¢pre￿nt dircct costs incurrcd. itlcluding trttv¢I, Aeeommcrfknion omd communication co*s that r¢lwc
to the fiJndrw5ing activitlC8 of th¢ CA>nipany.
Charitabl¢ A¢bfvity r¢pr¢s¢nts amounts spenton th¢ Company's charitablc PTOjCCts.
GtsvbmAnc4' Costs arc th¢ ¢osts Incurr￿ in rel￿*0￿ w administerin8 the Charity. arld compljing with its and
ry)n5tiwilon￿ obligations.
Financial irtstrumtrbts
Th¢ Chan'ty. only h&8 fi[wJci￿ a58ets and fitwJcl￿ liabiliti¢S of A kind qualify as basi¢ fin4n¢iui instrumcnts. B&si¢
financi￿ insmJm¢nts ar¢ initially rccoYni￿d at trdnsaction vaiuc and sub5cqucnUv m¢asur¢d a¢ th¥ir $Lttl¥mcnt y￿U¢ with the
ex¢¥'Oioll of bank loans, which arc $ubscqucntly mCk8UTcd at amortisLd c05t U51n8 th¥ eff¥¢tiv¥ int¢r¢sr methoj.
Furkds
Unreslrlci¥dfvuFrd% - thcsc con bc u5¢d at the digcr¢tion of th¢ Tw$tco$ in fiJrtherarLCO of thc Charity's obj¢¢rs.
RLiYin6iedFuThl¥ these tEprescnt 8rants and d¢)nation$ that weTC 8Lv¢n for srKcific Services and projeets und¢rtak¢n by th¢
Charity.
D¢.¥lgntsiÉdlfund.i- these are moni¢s ¢amithcd bv thc Tru5t¢cs for 8p¢¢ifi¢ ptDj¢¢ts in fvrth¢ranv of the Charity s objccts.
Thc baJancc5 at thc b￿an¢¢ St￿¢1 dat¢ r¢pr¢s¢nt amounts 5ti11 to bc utiliscd.
Company $tat115
Thc Point Foutth'on is Acompan}' limited by yuaranTrc not having a Sha￿ capi￿. ￿giS(ered in FAJ81and and Watc4 number
065.53113. Th¢ liabilih. of the members is limitcd by thc Memornidum of A$S￿la￿On.
Foreign currenty translAtion
Tran5athiorts denomin*cd in forei8n currencies aTC trdn51a*d into 5t¢rfin8 ai the exehan8e ratc Nling at the datr of the
tran8actiOll5 or at an avcrag¢ iatc for the ￿ricA if thc rdtcs do not fluctuate si¥nifi¢attil) MonLiary' ￿$Ll1S and liabililic8 arc
tran$latcd at thc exchange rne rulin8 at thc balanc¢ she¢1 d*¢. All ￿gUIl￿g exchw tate differEnrK5 aT¢ JnElud¢d itt th¢ n¢t
outgoing rcsOUr￿S.
Going ¢oncern
Thc Charih. cp¢ratrs &s a ¥oin8 concern and the Tnjrttts arc of thc th￿ It will corttirtue to do so for thc forL'sLeable
futur¢. After ¢ortsid¢rin8 any fi]ty]re wt¢ntial impact of thc Tru5t¢C5 wnbnued ¢ommibnent to our Rwanda pmjccts and
folloising stress t¢5t analvsi4 and other rele￿.0￿t nsks. the (tircctors arc of thc view. that the￿ a]r $uffi¢i¢ni reserves to s¢cur¢
the itnm¢d13t¢ fv[U￿ of the Chartt). for the ncxt 12 to lil months aryj on that basis Chan"ty is a80in8 concem.
Statement of t&sh flows exemption
A s￿￿￿Ment0fca8h tlows noi been produceda5 the cliaritabl¢ wmpanyis within the charity andCompanYth￿shOld5.
jud￿￿entS in applying *crountillg polities Ind key $ources of estimation uncertainty
The chatitsbl¢ ¢ompan}' mak¢$ estim￿$ and assumptions eonccrrung the future. Th¢ estima*s and assumptions hav¢ tto
mat¢Tiai imparf on the cÉrryth¥ amounts of L8scts and liabilities w'ithin th¢ accounts.
io

THE POINT FOUNDATION
(A CO￿pAnY limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
For tbe yexr ended 5 April 2023
EXPENDrruRE ON CHARrrABLE ACTIVITIES
2023
2022
Aclivilies direcil
RwAnda
South Africa
Ukraine
ake
101,199
3a62
93,811
5,024
3,684
104,561
102,519
Travel and accommodation ¢o$ts of Truste¢$ managin8 projects in Africa
Staff ¢osts (Note 4)
Computer. printin& ststionery and other otTice costs
FOrei￿n ¢xchAn8e diff¢rert¢e$
Insurance
10,902
7,260
4,731
(2,137)
332
5,779
4,158
{557)
21,088
24,816
21,216
Total
150,465
133,430
GOVERNANCE COSTS
2023
2022
Independent Examiner's fee5
Offi¢e and adminisir&bon fees (Note 7)
1,776
23,040
1,776
19,440
24,816
21,216
STAFF COSTS
2023
2022
Remuneration to lo¢al project manager in Rwanda
7260
5.779
2023
Number
2022
Number
PrOJ￿t5
No staff had remuneration above £60.000 in the ¢urr¢nt year (2022.. None).

THE POINT FOUNDATtON
{A eompAny limited by guarAJltee)
NOTES TO THE FINAf4CIAL STATEMENTS
For the year ended 5 April 2023
NET INCOME
2023
2022
Net income is stated after chargin8'.
Independent Examiner's fee5
1.776
1.776
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
AccTuals
3,756
1,776
RELA TED AND ASSOCIATED PARTY TRANSACTIONS
No emoluments were payable to the Trustees in respttt of services to the Charity. The amount of expertses
reimbursed to TTUStees. representing travel and accommodation costs incurred by them when on trips to Africa to
manage project5 on behalf of the Company, amounted to £10.902 (2022". £Nil).
The Company purch&5ed Indemnity Insurance of £250,000 {2022.. £250.0001 for the Trustees at a cosi of £332
12022.. £315)
Due io the Chaimian's increasing workload in controlling all the Charity's activitie& it was agreed at ? meetirt8
of the TNstees held on 19 January 2012 that a company partially owned by the Chairman would be engaged to
provide various office and administration services to the Charity on an ongoing basis at the monthly fee of £l.000
plus VAT. The Charity notified the Charity Commission in 2012 and received their agreement to thi5
orrangement. The level of this fee was reviewed by the Trustees on 23 September 2021 and an increase in the
monthly fee to £1,600 per month plu5 V AT was 88r¢ed, backdated io I September 2021. The fees charged durin8
the year ended 5 April 2023 were £19,200 (2022.. £14,400) plus VAT. and the aMI￿nt of £1.920 was owed at 5
April 2023 (2022.. £Nil)
12

THE POINT FOUNDATION
(A COmPaDy liEnited by guarAntee)
NOTES TO THE FINANCIAL STATEMENTS
For the year eThded S April 2023
FUNDS
Ats
April
2022
At5
April
2023
Income
Expenditure
Transfer
Unrestrlci¢dfuhds':
52,211
28.050
(38.644)
{18,362)
23J55
South Africa
{3,362}
3.362
Designated contingency reserve fund5
15,000
15,000
30.000
67,211
28,050
(42.006)
$3,255
Restrictsdfunds..
Rwanda
32,903
128.006
(108.459)
S2,450
Total funds
100,114
156,056
(150.465)
105,705
The ¢ountrie5 presented he￿ ¢ombine a number of different projects. The Restricted funds Tepre%nt amounts received from
donors to a$8iSt the Chgrity in fundin8 the WOTk on projects in specific locations, The RestJi¢ted fund$ are held in cash.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Gtner•l
rund$
Designated
runds
Restricted
funds
TotAI
rundg
Fund bAlart¢es At S Aprll 2023 are repre8ented by:
CU￿ent aS5etS
Creditors.. amounts f￿]ing due within one year
27.011
(3,756)
30,000
52,450
109,461
13.756)
Total net assets At S April 2023
23255
30,000
52,450
105,705
13