Company number: 06553113
Charity number: 1126392
THE POINT FOUNDATION
(A company limited by guarantee)
Unaudited financial statements
Year ended 5 April 2024

THE POINT FOUNDATION
(A company limited by guaraDtee)
INDEX
Company Informalion
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the FinAncial Statements
io

THE POINT FOUNDATION
(A company limited by guarantee)
COMPANY INFORMATION
PATRON
Sally Gunnell OBE
Patron
TRUSTEES
Charles L Trace
Tim R R Kerr
Adrian L Hammond
Chairn]an
Secretary
Treasurer
SECRETARY
Tirn R R Kerr
REGISTERED OFFICE
A5hteigb House
Sands Lane
Small Dole
West Sussex
BN5 9YL
COMPANY NUMBER
06553113
CHARrrY NUMBER
1126392
INDEPENDENT EXAMINER
David Hoose. FCA
Forvi5 Mazars LLP
First Floor
2 Chamberfain Square
Binningham
B3 3AX
BANKERS
National Westminster Bank plc
149 Preston Road
Brtghton
BNI 6AS
SOLICITORS
GTiffith Smith LLP
32 KeymerRoad
Hassocks
BN6 8AL

THE POINT FOUNDATION
(A company limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended S April 2024
The Trustees present their report and the financial statements for the year ended 5 April 2024. The financial statements
comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. 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).
Constitution
The Point Foundation is 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 became a registered
charity on 22 October 2008.
Objects of the Charity
The Charity's Focu5 and 5taternent is "Live. Life & Learn
At the beginning of the Charity. the Trustees decided to concentrate only on a select number of projects where we could
focus all our energies into making a real difference. Sixteen years on, our strategy continues with around 5,500 vulnerable
and special needs children and youths directly benefiting from our support over this period, by means of financial support
and guidance, primarily through education but also with housing, equipmenL hygiene, medtcal. food and clothing supplies
and infrastwcture projects.
In 2019, we started on a completely new project in partnership with Ubumwe Community Centre (UCC), whom we
previously partnered with in 2013 on our Community Based Living (CBL) project, that would become our Vocational
Training Centre (VTC). Situated in the district of Mwogo. (one of Rwanda's poorest regions and close to Bugesera), we
started by refijrbishing a number of old buildings which we rented and 45 students, main]y People with Disabilities (PwD5)
and youth4 started courses in tailoring and hair and beauty.
In late 2021, we started the process of working with donor partners, to buy land and to then build a v￿ational Training
Centre in Mwogo, which would be our largest legacy project slnce we started.
During 2022 and into 2023. we embarked on a large-scaie building programme that would see two house4 a culinary
kitchen, refectory, 2 large classrooms and a fam] completed, with approximately 120 students attending courses in Culinary.
Barisw Tailoring, Literacy and Hair and Beauty. In late 2023, we started a new building7 to house a new computer classroom
and a new library with an expected opening date of 25 October 2024, which is graduation day. By this date we will have
trained around 300 students at Mwogo VTC.
The annual cost of running our Mwogo project now amounts to about £45,000, which includes contributing to thirteen staff
salaries. food, power. school materials, medical support, farn] expenses, our nutiitional Wednesday Club for local children,
graduation and support in setting up Co-operatives.
Our income for the financial year 2023124 continued in the same vein as 202212023 with OUT two main donors, leapigs.
(now owned by Tata Consumer Products) and Caffe Praego, continuing to fund projects through our UK account. In
addition, we have worked very hard with three inlemational donors based in the USA (Morgrldge Foundation. Camphill
Founaation and AVA'5 Jammies) to support the growth of Mwogo VTC with their donations going dirertly to our proje
partner. UCC, for them to manage and implement.
With continued pru(4ent planning, we were able to continue to support our other projects financially. including paying school
fees, buying schoolbook5, paying medical fees, and contributing to nine tea¢hers' monthly salarie5. During 2023124, we
have worked closely with the following five institutions..
Uburnwe Community Centre (UCC) (providing specialist disability-based support)
House of Children School
Mwogo Vocational Training Centre (Mwogo VTC)
La Gennaine School
Izere Community Centre for Cerebral Palsy children

THE POINT FOUNDATION
(A company limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended 5 Apri12024
Objects of the Charity (continued)
We have concluded our university programme. supporting ex-Noel Orphanage s￿dentS with secondary school education
(including fees and transport) and those attending university (fees, accommodation, book5, food and transport. as well as
graduation wsts). Over the years, this programme has funded 145 students as they cornpleted university courses.
In 2017, we were presented with an award for'outstandkng and Significant Contiibution to Rwandan Education" Also, in
March 2019, we were presented with an award for "SibFnificant Contribution to the Gro￿tth of University of Tourism &
Business.,
Both awards were made by the University of Tourism & Business, Kigali, Rwanda at their graduation
ceremonies.
With both Rwanda and South Africa suffering from food shortages and financial hardship, we have continued to help a
number of known individuals and families in Rwanda by paying for food parcels, house rent5. medicines and clothing for
them.
For our other four projects, we have continued to fund school fees. tran5POrt, unifornis, shoes, and milk and provide lunch
for 95 special needs children at House of Children. In addition. we have paid for one-off purchases such water tanks, library
and school b<)oks. sewing Machines, braille machines and other essential items.
Structure, Governance and Management
The Point Foundation is a company limited by guarantee and a regtstered charity in England and Wales. Sally Gunnell.
OBE, continues as the Poini Foundation's Palron and takes an active interest in all the work the Charity is doing.
During the past financial year, the management tearn, who form the Key Management Personnel of The Point Foundation.
has included the Chairman (Founder), the Company Secretary and the Treasurer. The fonner Administratorlmarketing
support manager, who provides our social networking, media, newsletters. website updates and communication to our
fundraising supporters, has been promoted to Chief Operating Offjcer and continues as our direct liaison officer, working
closely with our projects manager in Rwanda.
The management team communicates weekly but, due to differing locations of members of the team, now only meets
formally a few times a year for Board Meetings to discuss ongoing projects, future strategy. grant making considerations
and fundratsing activities. However, the team continues to meet infonnally between Board meetings to discuss specific
project5. Over the years, Board members have visited one or more of the Charity's various projects to check on progregs
and to ensure the funds allocated to each project have been correctly spent and accounted.
All Trustees give their time freely and no trustee remuneration was paid in the year ended 5 April 2024. Details of Trustees
expenses and related transactions are disclosed in note 7 to the accounts.
Achievements and perforniance
During the year ended 5 April 2024. we continued to raise much-needed funds, which were focused on our five main
projects, as detailed above. Our fundraising is focused exclusively on corporate funding. This has been a successful move
and meant we were able to raise the monthly funds needed to fulfil our needs.
Fundraising has been achieved prtrnarily through two close partnerships with Caffe Praego Coffee Company, owned by
Hallmark Vending Ltd, who buy their coffee and tea locally to our projects in Rwanda, and also with teapigs, owned by
Tata Consumer Products, who buy their tea from Pfunda Tea Company. again based just 10 minutes from the heart of our
projects.
We continue our media activities on the internet through Facebook and Instagram, which are updated weekly. This is
extremely important as it keeps the staff of the organisations mentioned above fully up to date.
Some of our internationat donors pay their donation5 direct to the projects in Rwanda. due to high bank charges and poor
exchange rates. wtth their funds paid directly to UCC for infrastructure projects, local suppliers providing f¢x)d, medication
and living items, and The Point Foundation simply manages the process.
Our Projects Manager, Viateur Uwambajimana. continues to work hard and deliver the managemenl 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 calls. He is also a highly qualified physiotherapist - ideal for helping People with Disabilities (PWDS) and
children with cerebral palsy.

THE POINT FOUNDATION
(A company limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended 5 April 2024
Disability Programme
Our partnership with UCC in Giseyni {a specialist disabiltty centre) started in 2013 and they continue to provide support
and care to hundreds of local people with special needs. The Point Foundation is now their second highest donor supporting
this very worthy cause. UCC are our Non-governmentsl Organisation (NGO) partner with legal status in Rwanda and have
overall responsibility for the Mwogo VTC project.
Due to their severe lack of funding. we continued to support Izere Community Centre, based outside Kigali. This small
centre concentrales on supporting loca] special needs children. This year we continued to fund an outreach programme
providing physiotherapy for children who have severe cerebral palsy and who are unable to get to th¢ Centre, and we have
added more equipment to the playground area. We also contribute to four teachers, salaries.
Individual Support
During 2022123 we continued sUPPOrting a few ex-Noel Orphanage children who are now young adults. Where they have
not been able to get jobs and, as a consequence, are suffering from lack of shelter and food, or where they have severe
special needs. we have sUPPOrted them with a small monthly allowance of between £50 and £100, dependant on their
medical needs. This has been a life saver in particular for Gracie (an albino with severe skin disease), Kevin¢ (severe
disability), Rifiki (menta]), Moween (disability) and Gasigwa (Htv).
We also SUPPOrted a family of five childien whose father had died and whose mother had walked out. Support included
provision of food, shelter and Tnedical supplie5.
A young 16-year-old boy called Innocent is very badly disabled and with only one arn) and badly disfigwred legs. We have
paid his school fees for 5 years now but when his parents threw him oul of their home, we worked with UCC to provide
him with safe accommodation. We now cover his boarding, fees, school fees, clothes, medical and food costs al about £950
per annum.
Trustee and Volunteer visits
The Chainnan and the Administration manager visited Rwanda in November 2022 and May 2023 and our next planned
visit is in October 2024.
Although we keep in touch regularly by ematl 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 correctly.
Public Benefit
The Trnstees have refe￿ed to the guidance contained in the Charity Comrnission's general guidance on public benefit when
reviewing the Charity's aims and objectives, as well as in planning its activities.
Our activitie5 currently canied out for the public benefit are detailed earlier in the Report of the Trustees but in gieneral
terms our objectives are centred on the words "Live. Life & Learn"
In this context the Charity looks to relieve poverty.
sickness and distress, as well as advance the education of vulnerable people, in particular but not exclusively. in Afric4 by
making grants of money for providing or paying for items. services and facilities in order to achieve our objectives. Due to
the exceptionat circumstances affecting countries around the world as a result of the COVtD-19 pandemic, the management
team detemined, in March 2020, to review and expand the Charity's aims and objectives, and ihese expanded aims and
objectives were agreed by the Charity Commtssion in June 2020.

THE POINT FOUNDATION
(A company limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended 5 Apri12024
Financial review
The Point Foundation's work is entirely dependent on donations coming in from known individuals and companies.
Donations received are immediately deposited in our bank cuJrent account with the monies usually used fairly quickly on
current projects. Thus far, in view of the limited size of donations received, it has not been our aim to invest monies into
anything other than short-tern] interest-bearing investments. However. this is an area that will be kept under review by the
Trustees.
Given our long-terni commithlents to monthly costs, we retain a healthy savings balance that should for any reason one of
our donors pull out, then we are able to have at least 24 months, worth of savings to utilise while looking for alternative
funding.
During the year ended 5 April 2024. we raised £32.707 of unrestricted donations. In addition, we raised £96,788 of
aonations with a restii¢tion on their use. We spent £61.099 of restricted funds on the projects detailed above. After interest
receivable of £1,108. support costs of £14,057 and other costs relating to Governance amounting to £24.900, we had the
amount of £136,252 available at 5 April 2024 to be carried fon¥ard into our 2024125 development prowme, of which
£53,192 represents unrestricted funds and £83.060 represent5 restricted funds.
Plans for Future Periods
The Point Foundation continues to raise funds, both here in the UK and overseas, principally through our corporate partners.
in order to continue to support our current projects. We will continue contributing to the running costs. teacher salaries and
other ad hoc costs for House of Children School, Izere Community Centre and Mwogo VTC. In addition, we aim to continue
supporting a few named individuals with monthly support.
We have no plans to fund any additional infrastructure projects in the fijture. The final phase for Mwogo vrc that has been
agreed is the building of a new classroom block containing a computer training room and library. USS60.000 has been
raised for this project and work started in late 2023.
Our TNstees have dedicated 16 years to the development and support of projects in Rwanda but, bearing in mind that the
Trustees are either ai. or coming up to, retirement age. the Board have been considering the future of The Point Foundation.
We remain committed to Rwanda and seeing our projects continue to flourish. However. we have found it difficult to put
a succession plan together here in UK. so our focus is now to look to hand over the full rnanagement to our Rwanda partners
(UCC) sometime in the next 2 to 3 years.
We do not foresee any issues with our funding for the next 12 months and this, together ￿7th our existing reserves, would
allow a 24-month schedule of payments to keep the projects fully supported, even if funding dried up during 2024.
Risk and Reserves Policy
The Trustees have a risk management strategy in place comprising:
Submitting annual budgets with monthly updates to ensure projects are fully planned and paid for
A half yearly review of the risks the Charity may face
The establishment of systems and procedures to mitigate against those rÉsks identified in the review
The implementation of procedures designed to prevent any potential impact on the Charity should those risks
materiaiise
Following best practice and guidance from the Charity Commission
In 2016. the Trustees a￿eed to maintain the amount of £15,0(J) in a contingency rese]ve account so that there would always
be at least this amount available for contingencies, should the need arise. The amount maintained in this contingency reserve
account is reviewed on a regular basis and on 22 July 2022 the Trustees agreed to increase the ￿SerVe account to £30.000.

THE POINT FOUNDATION
(A company limited by guarantee)
REPORT OF THE TRUSTEES
For the year ended 5 April 2024
Trustees
The Trustees of the Charitable Company are its directors for the pU￿oSe of company law. Current trustees have the power
to appoint new trustees.
The Trustees, who have served since 6 April 2023 to the date of this repor¢ were a5 follows".
C L Trace
TRRKerr
A L Hammond
No Trustee had any interest in the Company by virtue that the Company is limited by guarantee and does not have a share
capita]. The Company has purchased Indemnity Insurance for the Trustees of £250,000 (2023: £250,000) at a cost of £375
(2023. £332).
Statement of Trnstees Responsibilities
The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable
law and regulations.
Company law requires the Trustees, who are Directors for the purpose of company law, to prepare financial statements for
each financial year. Under that law. the Trustees hav¢ elected to prepare the financial statements in accordance with United
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under
company law the Trustees must not approve the financial statements unless they are satisfied thal they give a true and fair
view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. tn preparing these
financial statements, the Trustees are required to..
Select suitable accounting policies and then apply them consi5tently'
Make judgments and accounting estimafrs that are reasonable and prudent.
State whether applicable UK Accounting Standards have been followe(t subject to any material departures disclosed
and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will
continue in business.
The Trustees are responsible for keeping adequate accounting records that are sutyicient to Show and explain the
Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities
This report has been prepared in accordance with the provisions appltcable to companies subject to the small companies,
regime.
Approved by the Board of DRrectors on
16 *k$¥4Sf 2024 and signed on Iheir behalf by:
RLES L TRACE
Chairman

David Hoose (Aug 20, 2024 15:48 GMT+2) 

Aug 20, 2024 



THE POINT FOUNDATION
(A compAny limited by guarantee)
ST A TEMENT OF FINANCIAL ACTIvrrtES (incorporating an income and expenditure account)
For the year ended S April 2024
Unrestricted Restricted
funds
funds TolAI funds
2024
Unrestricted Restricted
funds
funds Tot21 funds
2023
Notes
INCOME FROM:
Donations
Investments
32.707
1.108
96,788
129,495
1,108
27,922
128
128,006
155,928
128
Total
33.815
96.788
130,603
28,050
128.006
156,056
EXPENDITURE OPI:
Charitable activities
33,878
66,178
100,056
42.006
108,459
150,465
Total
33,878
66,178
100,156
42,006
108,459
150.465
NET{EXPENDrruRE)/
YCOME
{63)
30,610
30,547
(13,9561
19.547
5.591
TOTAL FUNDS BROUGHT
FORWARD
53,255
52,450
105,705
67.211
32,903
100,114
TOTAL FUNDS CARRIED
FORWARD
53.192
83.060
136,252
53.255
52.450
105.705
The Statement of Financial Activities includes all gains and losses recognised in the year.
All income and expenditsre are derived from continuing activities.
The notes on pages 10 to 13 forni part of these financial statements.

THE POINT FOUNDATION
(A company limited by guarantee)
BALANCE SHEET
As at 5 April 2024
Company Number: 6553113
2024
2023
Notes
CURRENT ASSETS
Cash at bank and in hand
138,112
109,461
138,112
109,461
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
(1,860)
(3,756)
NET CURRENT ASSETS
136.252
105,705
NET ASSETS
136.252
105,705
REPRESENTED BY:
Unrestricted funds
General funds
Designated
Restrtcted funds
23,192
30,000
83.060
23,255
30,000
52,450
136,252
105,705
The notes on pages 10 to 13 fonn part of these financial statements.
The Directors consider that the company is entitled to exemption from the requirement to have an audit underthe provisions
of section 477 of the Companies Act 2006 {"the A¢t") and members have not required the company to obtain an audit for
the year in question in accordance with section 476 of the Act. The Directors acknowledge their responsibilities for
ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial
statements which give a true and fair view of the state of affairs of the company as at 5 April 2024 and of its incorne and
expenditure for the year then ended in accordance wilh the requirements of sections 394 and 395 of the Act and which
otherwise comply wlth the requirements of the Companies Act 2006 relating to the financia] statements a5 so far as
applicable to the Company.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to
the small companies, regime within Part 15 of the Companies Act 2006.
Approved by the Trustees on i L 2024
and si
ned on their behalf by..
CHARLES L TRACE
ADRIAN L HAMMOND
Board of Directors

THE POINT FOUNDATION
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATE1￿￿￿Ts
For the year ended 5 April 2024
ACCOUNTING POLICILS
Basis of Actounting
The financia] statements arc prepared under the hisÉorical cost convention and in acwrdancc with the Statement of
Recomtnend¢d Practice (SORP). applicable to charittes prcparing their accounts in accordance ￿'1th the Financial Repx)rting
Standard applicable in the UK and Republic of Ireland (FRS 102) IOctt)ber 2019 cdition) - (Charitie5 SORP (FRS 102)), the
Financia] Reporting Standard applieable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Point Foundation meets the definition of a public ￿llefit entity under FRS 102.
The accountmg policies, which have been applied consistently, are set out klow..
Income
tncome is TrwgDised when the Charitr has r¢¢¢ived or is entitled to the donations when probable. Income is principally
derived from the Unit¢d Kingdom.
Expenditure
Expenditure is recognised on an accruals basis.
Costs of RaJ"sing Funds represent d￿ect Costs incurred, incluth.ng trdvel, ￿¢0Mm(￿l￿.0ll and communicatton costs that relate
to the fundJ3ising activits.es of the Company.
Chan"table Activitv represents amounts SFent on the Company's ¢l]aritable projects.
Govcrnan¢¢ Costs arc the costs incurred in relation to administering the Chariti,, and compl)'ing with its statutory and
conststutionat obligations.
Financial instruments
The Charit! onl!, has finaneial assets and financia] liabilities of a kind that qualify, as b&sic fmanciai instruments. Basic
financial instTuments are initialls. recognised at tranS￿tIOn value and subsequently me&sured at thcir scttlement value with the
exception of bank loan5, which are subsequently mc&sur¢d at amortiscd cost using the effective interest method.
Funds
UnresirictedFw?ds - these be used at the th'scretion of the Tnjslees in furtherance of the Charity's objects.
ResiriciedFup7ds - these represent grants and donations that w¢r¢ 8iven for s￿C￿fiC seryices and projects undertaken by the
Charity.
DesigrniredFutd¥- these are monies eamithed b! the Trustees for spe¢ific projects in furtherance of the Charity's objects.
The balances at the balance sheet represent amounts sts"Il to be utilised.
Company statu5
The Point FoundatTon is a company limited by guardntee not having a share capital, regis*r¢d in England and Wales, number
06553113. The liability of the members is limited by the Memorandum of Association.
Foreign eurrency trAn51alion
Transactions dcnomTrnated in foreign currencies are trdnslakd into sterling at the exchange rafr Tuling at tho date of the
tI￿saCtionS or at an aver￿¢ rate for thc period if the ratcs do not fluctuatc signtf1&2ntiy. MonctaTI' Lssels and liabilities are
translated at the exchange rale ruling at the balance sheet date. All resulting ¢¥change rate differences are included in the nct
outgoing resourccs.
Going concern
The Charity operdtes as a going concem and the Twstees are of th¢ view that it w?11 continue to do so ftir the foreseeable
future. After considcring any. future potents"a] impact of the Trustees conttnued commitment to our Rwanda projects and
following stress test an￿￿5]s, and other relevant risks, thc dircctors are of the that there are suffIcienl rescrves to secure
the immediate future ofthe Charity for the next 12 to 18 months and on that basis the ChJn'ty' is a going concern.
Statement of £ash nows exemption
A statrmeDt of cash flows h&s not [￿en produced as the charitable company is Mrythin the small charity and companythreshold5.
Judgments in applyiog aceounting polieies and key sourtes of estimation utteertainty
The charitgble companv makes estimate5 and assumptions conceming the future. The cstimales and &8sumptions have Do
matenal impact on the carying amounts of &8sets and liabilities within the accounts.
io

THE POtNT FOUNDA TION
(A Company limited by guarantee)
NOTES TO THE FtNANCIAL STATEMENTS
For the year ended 5 April 2024
EXPENDITURE ON CHARrrABLE ACTIVITIES
2024
2023
Activities direcil underiaken..
Rwanda
South Africa
57,935
3,164
101,199
3?62
61,099
104J61
Travel and accommodation costs of Trustees managing projecls in Africa
Staff costs (Note 4)
Computer. printin& stationery and other otTice costs
Foreign exchange differences
tnsurance
1,372
6,443
5J76
491
375
10,902
7,260
4,731
(2,137)
332
14,057
21,088
Governance L05ts (Note 3)
24,900
24,816
Total
100,056
150,46S
GOVERNANCE COSTS
2024
2023
Independent Examiner's fees
Office and administration fees (Note 7)
1,860
23,040
1.776
23,040
24,900
24,816
STAFF COSTS
2024
2023
Remuneration to local project manager in Rwanda
6.443
7260
2024
Number
2023
Number
Projects
No staff had remuneration above £60,000 in the current year (2023.. None).

THE POINT FOUNDATION
(A company limited by guarantee)
OTES TO THE FINANCIAL STATEIVIENTS
For the year ended 5 April 2024
NET INCOME
2024
2023
Net income is stated after charging..
Independent Examiner'5 fees
1,860
1.776
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals
1,860
1,776
RELATED AND ASSOCIATED PARTY TRANSACTIONS
No emoluments were payable to the Trustees in respect of services to the Charity. The amount of expenses
Teimbursed to Trnstees, representing travel and accommodation costs incurred by them when on trips to Africa to
manage projects on behalf of the Company. amounted to £1.372 (2023.. £10,902).
The Company purchased Indemnity Insurance of £250,000 (2023.. £250,000) for the Trustees at a cost of £375
(2023. £332).
Due to the Chainnan's increasing workload in controlling all the Charity's activities, it was agreed at a meeting
of the Trustees held on 19 January 2012 that a company partiatly 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 £1.200
including VAT. The Charity notified the Charity Commission in 2012 and received their agreernent to thi5
arrangement. The level of this fee was reviewed by the Trustees on 23 September 2021 and an increase in the
monthly fee to £1,920 per month including VAT was agreed, backdated to I September 2021. In March 2024 the
company providing these services to the Charity deregistered for VAT but, after due consideration by the Trustees,
it was agreed that the ongoing monthly fee would remain at £1,920. The fees charged (including V AT to the date
of deregistration) during the year ended 5 April 2024 were £23,040 (2023.. £23,040), and the amount of £Nil was
owed at 5 April 2024 (2023.. £1,920).
12

THE POINT FOUNDATION
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATELIIENTS
For the year ended 5 April 2024
FUNDS
At5
April
2023
At5
April
2024
Income
Expenditure
Transfer
Unrestrictedfvnds..
GeneraI funds
23.255
33,815
(32,514)
(1,364)
23,192
Designated contingency reserve funds
30,000
30,000
$3,255
33.815
(32.514)
(1.364)
53,192
Restrictedfunds..
Rwanda
South Africa
52,450
94,988
1.800
(64,378)
(3. 164)
83,060
1,364
Total funds
105,705
130,603
(100,056)
136252
The counttie5 presented here combine a number of different proj￿ts. The Restricted funds represent amounts received from
donors to assist the Charity in funding the work on projects in specific locations. The Restricted funds are held in cash.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
General Designated
funds
funds
Restricted
funds
Total
runds
Fund batances at 5 April 2024 are represented by:
Cu￿ent assets
Creditors.. amounts falling due within one year
25,052
(1,860)
30,000
83,060
138,112
(1.860)
Total net assets at 5 April 2024
23,192
30,000
83,060
136,252
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