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← The Point Foundation

2025-04-05-accounts

Company number: 06553113 Charity number: 1126392

THE POINT FOUNDATION (A company limited by guarantee)

Unaudited financial statements

Year ended 5 April 2025

THE POINT FOUNDATION (A company limited by guarantee)

INDEX

Company Information 1
Report ofthe Trustees 2
Independent Examiner's Report 7
Statement ofFinancial Activities 8
BalanceSheet 9

Notes to the Financial Statements 10

THE POINT FOUNDATION (A company limited by guarantee)

COMPANY INFORMATION

PATRON

Sally Gunnell OBE Patron

TRUSTEES

Charles L Trace Chairman Tim R R Kerr Secretary Adrian L Hammond Treasurer

SECRETARY

Tim R R Kerr

REGISTERED OFFICE

Ashleigh House Sands Lane Small Dole West Sussex BNS5 9YL

COMPANY NUMBER

06553113

CHARITY NUMBER

1126392

INDEPENDENT EXAMINER

David Hoose, FCA Forvis Mazars LLP First Floor 2 Chamberlain Square Birmingham B3 3AX

BANKERS

National Westminster Bank plc 149 Preston Road Brighton BNI 6AS

SOLICITORS

Griffith Smith LLP 32 Keymer Road Hassocks BN6 8AL

]

THE POINT FOUNDATION (A company limited by guarantee)

REPORT OF THE TRUSTEES For the year ended 5 April 2025

The Trustees present their report and the financial statements for the year ended 5 April 2025. 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 becamea registered charity on 22 October 2008.

Objects of the Charity

The Charity’s Focus and statement 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. Seventeen years on, our strategy continues with around 6,000 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, equipment, hygiene, medical, food and clothing supplies and infrastructure 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 refurbishing a number of old buildings which we rented and 45 students, mainly People with Disabilities (PwDs) and youths, 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 Vocational Training Centre in Mwogo (Mwogo VTC), which would be our largest legacy project since we started.

During 2022 and into 2023, we embarked on a large-scale building programme that would see two houses, a culinary kitchen, refectory, 2 large classrooms and a farm completed, with approximately 120 students attending courses in Culinary, Barista, Tailoring, Literacy and Hair and Beauty. In late 2023, we started a new building to house anew computer classroom and a new library which were completed in October 2024. We then embarked on building two more classrooms to house our Early Child Development (ECD) programme with an expected opening date of July 2025. By this date we will have trained around 400 students and 130 ECD children at Mwogo VTC.

The annual cost of running our Mwogo VTC project now amounts to about £55,000, which includes contributing to fifteen staff salaries, food, power, school materials, medical support, farm expenses, our nutritional Wednesday Club for local children, graduation and support in setting up co-operatives.

Our income for the financial year 2024/25 continued in the same vein with our two main donors, teapigs. (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 international donors based in the USA (Morgridge Foundation, Camphill Foundation and AVA’s Jammies) to support the growth of Mwogo VTC with their donations going directly to our project partner, UCC, for them to manage and implement.

With continued prudent planning, we were able to continue to support our other projects financially, including paying school fees, buying schoolbooks, paying medical fees, and contributing to five teachers’ monthly salaries. During 2024/25, we have worked closely with the following four institutions:

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THE POINT FOUNDATION (A company limited by guarantee)

REPORT OF THE TRUSTEES For the year ended 5 April 2025

Objects of the Charity (continued)

We have concluded our university programme, supporting ex-Noel Orphanage students with secondary school education (including fees and transport) and those attending university (fees, accommodation, books, food and transport, as well as graduation costs). Over the years, this programme has funded 145 students as they completed university courses.

In 2017, we were presented with an award for “Outstanding and Significant Contribution to Rwandan Education”. Also, in March 2019, we were presented with an award for “Significant Contribution to the Growth 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 rents, medicines and clothing for them.

For our other projects, we have continued to fund school fees, transport, uniforms, shoes, and milk and provide lunch for 95 special needs children at House of Children. In addition, we have paid for one-off purchases including 1,000 schoolbooks, and other essential items.

Structure, Governance and Management

The Point Foundation is a company limited by guarantee and a registered charity in England and Wales. Sally Gunnell, OBE, continues as the Point Foundation’s Patron and takes an active interest in all the work the Charity is doing.

During the past financial year, the management team, who form the Key Management Personnel of The Point Foundation, has included the Chairman (Founder), the Company Secretary and the Treasurer. The former Administrator/Marketing support manager, who provides all our social networking, media, newsletters, website updates and communication to our fundraising supporters, has been promoted to Chief Operating Officer 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 fundraising activities. However, the team continues to meet informally between Board meetings to discuss specific projects. Over the years, Board members have visited one or more of the Charity’s various projects to check on progress 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 2025. Details of Trustees expenses and related transactions are disclosed in note 7 to the accounts.

Achievements and performance

During the year ended 5 April 2025, we continued to raise much-needed funds, which were focused on our four 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 primarily 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 international donors pay their donations direct to the projects in Rwanda, due to high bank charges and poor exchange rates, with their funds paid directly to UCC for infrastructure projects, local suppliers providing food, medication and living 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 calls. He is also a highly qualified physiotherapist — ideal for helping People with Disabilities (PwDs) and children with cerebral palsy.

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THE POINT FOUNDATION (A company limited by guarantee)

REPORT OF THE TRUSTEES For the year ended 5 April 2025

Disability Programme

Our partnership with UCC in Giseyni (a specialist disability 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-governmental Organisation (NGO) partner with legal status in Rwanda and have overall responsibility for the Mwogo VTC project.

Individual Support

During 2024/25 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), Kevine (we have paid for major surgery as she has a severe disability), Rifiki (mental), Moween (disability) and Gasigwa (HIV). In addition, we fund school fees for individuals such as Charlie, Thea, Anna and Jessica in order to help their impoverished families.

A young 16-year-old boy called Innocent is very badly disabled and with only one arm and badly disfigured legs. We have paid his school fees for 5 years now but when his parents threw him out 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 at about £950 per annum.

Trustee and Volunteer visits

The Chairman visited Rwanda in October/November 2024, and the Chairman and the Chief Operating Officer travelled to South Africa in February 2025 to visit the Bush Babies project in Balule where Point Foundation funded a number of camps in 2023/4. During this South Africa visit, they visited an important project near Nelspruit called Care for the Wild. After discussions with the founders of Bush Babies, we agreed to buy 10 computer tablets for local schools to use to help with educational needs.

Although we keep in touch regularly 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 and South Africa is used correctly.

Public Benefit

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives, as well as in planning its activities.

Our activities currently carried out for the public benefit are detailed earlier in the Report of the Trustees but in general 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 Africa, by making grants of money for providing or paying for items, services and facilities in order to achieve our objectives. Due to the exceptional circumstances affecting countries around the world as a result of the COVID-19 pandemic, the management team determined, in March 2020, to review and expand the Charity’s aims and objectives, and these expanded aims and objectives were agreed by the Charity Commission in June 2020.

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THE POINT FOUNDATION (A company limited by guarantee)

REPORT OF THE TRUSTEES For the year ended 5 April 2025

i

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 current 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-term interest-bearing investments. However, this is an area that will be kept under review by the Trustees. Given our long-term commitments 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 2025, we raised £21,458 of unrestricted donations, In addition, we raised £76,240 of donations with a restriction on their use. We spent £88,423 of restricted funds on the projects detailed above. After interest receivable of £3,936, support costs of £15,723 and other costs relating to Governance amounting to £24,900, we had the amount of £108,840 available at 5 April 2025 to be carried forward into our 2025/26 development programme, of which £37,963 represents unrestricted funds and £70,877 represents restricted funds.

Plans for Future Periods

The Point Foundation continues to raise funds, both here in the UK and overseas, princi pally 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, La Germaine School and Mwogo VTC. In addition, we aim to continue supporting a few named individuals with monthly support.

Now that the Library, Early Child Development (ECD) building and the Computer classrooms have been completed at Mwogo VTC this leaves 2 new ECD classrooms that are being constructed together with 4 new toilets, which are due for completion in July 2025 and will complete the infrastructure at Mwogo. We have no plans to fund any additional infrastructure projects after these are opened, save for finishing touches such as playground equipment, security fencing, entrance gates, road surfaces and a refurbished stock room.

Our Trustees have dedicated 17 years to the development and support of projects in Rwanda but, bearing in mind that the Trustees are at or past retirement age, the Board have been considering the future of The Point Foundation. We remain fully committed to Rwanda and seeing our projects and legacy continue to flourish. However, we have found it difficult to put a succession plan together here in UK, so our focus is now to see how we can hand over the full management to our Rwanda partners (UCC) from the financial year 2027/2028, leaving Point Foundation to act as a donor of grants to pay for proposed projects, rather than having responsibility for day to day management.

We do not foresee any issues with our funding for the next 12 — 18 months as both our main corporate sponsors remain fully committed. However, with our existing reserves, this would anyway allow a 24-month schedule of payments to keep the projects fully supported as today.

Risk and Reserves Policy

The Trustees have a risk management strategy in place comprising:

In 2016, the Trustees agreed to maintain the amount of at least £15,000 in a contingency reserve 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 reserve account to £30,000.

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THE POINT FOUNDATION

(A company limited by guarantee)

REPORT OF THE TRUSTEES For the year ended 5 April 2025

Trustees

The Trustees of the Charitable Company are its directors for the purpose of company law. Current trustees have the power to appoint new trustees.

The

Trustees, who have served since 6 April 2024 to the date of this report, were as follows:

CL Trace TRR Kerr 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 capital. The Company has purchased Indemnity Insurance for the Trustees of £250,000 (2024: £250,000) at a cost of £375 (2024: £375).

Statement of Trustees 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 have 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 that 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. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient 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 applicable to companies subject to the small companies’ regime.

Approved by the Board of Directors on 28 T~7 2025 and signed on their behalf by:

CHARLES L TRACE Chairman

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David Hoose (Aug 1, 2025 13:20:29 GMT+1)

01/08/2025

THE POINT FOUNDATION (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) For the year ended 5 April 2025

Unrestricted Restricted Unrestricted Restricted
funds funds Total funds funds funds Total funds
2025 2024
Notes £ £
INCOME FROM:
Donations 21,458 76,240 97,698 32,707 96,788 129,495
Investments 3,936 - 3,936 1,108 - 1,108
Total 25,394 76,240 101,634 33,815 96,788 130,603
EXPENDITURE ON:
Charitable activities 2 40,623 88,423 129,046 33,878 66,178 100,056
Total 40,623 88,423 129,046 33,878 66,178 100,156
NET(EXPENDITURE)/ 5 (15,229) (12,183) (27,412) (63) 30,610 30,547
INCOME
TOTAL FUNDSBROUGHT
FORWARD 53,192 83,060 136,252 53,255 52,450 105,705
TOTAL FUNDS CARRIED
FORWARD 37,963 70,877 108,840 53,192 83,060 136,252

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure are derived from continuing activities.

The notes on pages 10 to 13 form part of these financial statements.

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THE POINT FOUNDATION (A company limited by guarantee)

BALANCE SHEET As at 5 April 2025 Company Number: 6553113

2025 2024
Notes £ £
CURRENTASSETS
Cash atbankand in hand 110,700 138,112
110,700 138,112
CREDITORS: AMOUNTSFALLINGDUEWITHIN ONEYEAR 6 (1,860) (1,860)
NETCURRENTASSETS 108,840 136,252
NETASSETS 108,840 136,252
REPRESENTED BY:
Unrestricted funds
General funds 8 7,963 23,192
Designated 8 30,000 30,000
Restricted funds 8 70,877 83,060
108,840 136,252

The notes on pages 10 to 13 form part of these financial statements.

The Directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) 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 givea true and fair view of the state of affairs of the company 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 otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements as 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 >< Tuy 2025 and signed on their behalf by:

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CHARLES L TRACE ADRIAN L HAMMOND

Board of Directors

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THE POINT FOUNDATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2025

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP), 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Point Foundation meets the definition ofa public benefit entity under FRS 102.

The accounting policies, which have been applied consistently, are set out below:

Income

Income is recognised when the Charity has received or is entitled to the donations when probable. Income is principally derived from the United Kingdom.

Expenditure

Expenditure is recognised on an accruals basis.

Costs of Raising Funds represent direct costs incurred, including travel, accommodation and communication costs that relate to the fundraising activities of the Company.

Charitable Activity represents amounts spent on the Company’s charitable projects.

Govemance Costs are the costs incurred in relation to administering the Charity and complying with its statutory and constitutional obligations.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method.

Funds

Unrestricted Funds — these can be used at the discretion ofthe Trustees in furtherance of the Charity’s objects. Restricted Funds — these represent grants and donations that were given for specific services and projects undertaken by the Charity.

Designated Funds — these are monies earmarked by the Trustees for specific projects in furtherance of the Charity’s objects. The balances at the balance sheet date represent amounts still to be utilised.

Company status The Point Foundation is a company limited by guarantee not having a share capital, registered in England and Wales, number 06553113. The liability of the members is limited by the Memorandum of Association. Foreign currency translation

Transactions denominated in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transactions or at an average rate for the period if the rates do not fluctuate significantly. Monetary assets and liabilities are translated at the exchange rate ruling at the balance sheet date. All resulting exchange rate differences are included in the net outgoing resources.

Going concern

The Charity operates as a going concern and the Trustees are of the view that it will continue to do so for the foreseeable future. After considering any future potential impact of the Trustees continued commitment to our Rwanda projects and following stress test analysis, and other relevant risks, the directors are of the view that there are sufficient reserves to secure the immediate future of the Charity for the next 12 to 18 months and on that basis the Charity is a going concern.

Statement of cash flows exemption

A statement ofcash flows has not been produced as the charitable company is within the small charity and company thresholds.

Judgments in applying accounting policies and key sources of estimation uncertainty

The charitable company makes estimates and assumptions concerning the future. The estimates and assumptions have no material impact on the carrying amounts of assets and liabilities within the accounts.

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THE POINT FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2025

2 EXPENDITURE ON CHARITABLE ACTIVITIES

2 EXPENDITURE ON CHARITABLECHARITABLE ACTIVITIES
2025 2024
£ £
Activitiesdirectly undertaken:
Rwanda 82,059 57,935
South Africa 6,712 3,164
88,771 61,099
Travel and accommodation costs ofTrustees managing projects in Africa 4,965 1,372
Staffcosts (Note 4) 5,124 6,443
Computer, printing, stationery and other office costs 4,888 5,376
Foreign exchange differences 23 491
Insurance 375 375
15,375 14,057
Governance costs (Note 3) 24,900 24,900
Total 129,046 100,056
3 GOVERNANCE COSTS
2025 2024
£ £
IndependentExaminer’s fees 1,860 1,860
Office and administration fees (Note 7) 23,040 23,040
24,900 24,900
4 STAFF COSTS
2025 2024
£ £
Remuneration to local project manager in Rwanda 5,124 6,443
2025 2024
Number Number
Projects 1 1

No staff had remuneration above £60,000 in the current year (2024: None).

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THE POINT FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2025

a _

5 NET INCOME

5 NET INCOME
2025 2024
£ £
Net income is stated aftercharging:
IndependentExaminer’sfees 1,860 1,860
6 CREDITORS: AMOUNTS FALLINGDUE WITHIN ONEYEAR
2025 2024
£ £
Accruals 1,860 1,860

7 RELATED AND ASSOCIATED PARTY TRANSACTIONS

No emoluments were payable to the Trustees in respect of services to the Charity. The amount of expenses reimbursed to Trustees, representing travel and accommodation costs incurred by them when on trips to Africa to manage projects on behalf of the Company, amounted to £4,965 (2024: £1,372).

The Company purchased Indemnity Insurance of £250,000 (2024: £250,000) for the Trustees at a cost of £375 (2024: £375).

Due to the Chairman’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 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 £1,200 including VAT. The Charity notified the Charity Commission in 2012 and received their agreement to this 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 1 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 VAT to the date of deregistration) during the year ended 5 April 2025 were £23,040 (2024: £23,040), and the amount of £Nil was owed at 5 April 2025 (2024: £Nil).

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THE POINT FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 5 April 2025

9

8 FUNDS

At5 At5
April
2024		 Income _Expenditure Transfer April
2025
£ £ £ £ £
Unrestrictedfunds:
General funds 23,192 25,394 (35,151) (5,472) 7,963
Designated contingency reserve funds 30,000 - - - 30,000
53,192 25,394 (35,151) (5,472) 37,963
Restrictedfunds:
Rwanda 83,060 75,000 (87,183) - 70,877
South Africa - 1,240 (6,712) 5,472 -
Totalfunds 136,252 101,634 (129,046) - 108,840

The countries presented here combine a number of different projects. 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

ANALYSIS OF NET ASSETS BETWEEN FUNDSOF NET ASSETS BETWEEN FUNDSNET ASSETS BETWEEN FUNDSASSETS BETWEEN FUNDSBETWEEN FUNDSFUNDS
General Designated Restricted Total
funds funds funds funds
£ £ £ £
Fund balances at 5 April 2025 are represented by:
Current assets 9,823 30,000 70,877 110,700
Creditors: amounts falling due within one year (1,860) - - (1,860)
Totalnetassetsat5April2025 7,963 30,000 70,877 108,840

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