Charity registration number 1174432 THE POINTS FAMILY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE POINTS FAMILY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truslees Mr Jonathan Points Mr Francis Sullivan Ms Natalie Yong Charity number 1174432 Company number CE012068 Princlpal address 28 Portland Road London W114LG Independent examiner David Terry FCA Ramon Lee Ltd Chartcred Accountants 93 Tabernacle Streel London EC2A 4BA Bankérs Inveslec Wealth & Investment Limited (Banker and inveslment manager) The Plaza, 100 Old Hall Streel Liverpool L3 9AB
THE POINTS FAMILY TRUST CONTENTS Page Trustees, report Independent examinerfs report Statement of financial aclivities Balance sheet Not8S to the finanaal slalements 8-14
THE POINTS FAMILY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Iruslees presenl their annual report and financial statements for the year ended 5 April 2024. The financial stalemenls have been prepared in accordance with the accounting policies set out in nole 1 lo Ihe financial statements and comply with the charitvs Conslitulion. the Charities Acl 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. {'FRS 102.) and "Accounting and Reporting by Charities.. Slatemenl of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Oblectlves and activities The Charitable Incorporaled Org2nisation was fomied lo provide grants and donalioni) for such charitable purposes. for the public bencfil, that are oxdusively charitable according lo the laws of England and Wales as Ihe Trustees may from time to time delermine. The charity carried oul Ihe objeclives noted above through Ihe award of grants to help the various organisations, GRANT MAKING POLICY The number of projects which can be supported is, of necessity. limited to the amount of funds available for dislribulion In any year. The Trustees have determined that the priorilies for funding over the next year, which are laid oul al below. Applications are considered from organisations which further the charitable purposes in the fields of: Conservation Environmenlal protection Education Human righls Culture Medical Sclenlific Principles In awarding funding, the Trustees apply Ihe following principles.. Applications from organisalions furihering purposes as laid out in above will be given priority. All applications from previous recipients of funding or from previously unsuccessful applicants will be considered by Ihe TTuslccs on their own merits. Although the TTuslees will have regard to the outcome of the previous granl, any new applicalion will in no way receive preferential or adverse consideralion. Assessment process All funding applicalions are subject lo initial assessment to ensure they meel the basic criteria for funding. Initial applications are screened al a trustees, meeting and a final decision will also take place al 3 meeting of the trustees. Monitoring and Publication 11 is the policy of Ihe Iruslee5 to monitor all funding made. Evidence will be required lo confirm the funds have been used in accordance with the purpose of Ihe funding. The Iruslees have paid due regard to guidance issued by the Charity Commission in deciding whal aclivilies the charity should undertake.
THE POINTS FAMILY TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Achlevements and performance During the year the charily made grant awards tolalling £40,400 (2023 - £38.000). The grants were awarded lo four <2023 - six) charitable organisalions in the fields of medicine, environmental protection. conservation and hardship. Full detalls can be found in Note 4 to the Financial Statements. Public benefit ststement In shaping our objectives for thé year and annIng our acliwlies, the trustees have CL*nsidered the Charity Commission's guidance on public benefil, induding the guidance 'public benefit.. running a charily, {PD2), The achievemenls and activities above demonslrale the public benefit arising through Ihe Charily's activilies. Flnanclal review The nel surplus for the year amounted to £98,439 <2023- nel deficAI £94,495) and total reseeS sland al £937.287 <2023 - £838,848). Strong investment performan¢e this year has more Ihan made up for the fall in assets last year. The investment manager continues as before and patience has been rewarded INVESTMENT POWERS AND POLICY The Constilulion aulhorises Ihe Trustees to make and hold investments. The Truslees have the power lo invest in any way that Ihey see fil. The investment holdings are maintained through a porifolio of stocks and cash, managed by recognised investment managers. The broad guidelines agreed by the Board for Ihe inveslmenl aims of the funds were as follows,. 'Investments will b8 looked al carefulty with an emphasis on quality and value so as lo minimise the fall in the portfolio's value in the event of another significant market downlurn.. RESERVES POLICY At the balance sheet date, the charity had retained unreslricled funds lolalling £937,287 (2023 - £838,848). 11 is the policy of the Trustees to allempt lo mainlain reserves al. or dose lo. their current levels so that sufficient investment income may be derived in order lo finance the award of grants. The Mainlenan of such significant reserves represents the Trustees. aims of long-term operations Ihrough Ihe continued Feceipi ol reasonable levels of investment income lo finance grant awards, whilst maintaining a hedge against possible future decreases in the market value of investments. Plans for future periods The Trusloes plan to continue the charity's activilies so that it operales on a similar basis to which il has operaled to Ihis point. Structure, governance and management Governing Document The organisalion is a Charilable Incorporated Organisalion, e51ablished on 30th August 2017 and registered as a charity with the Charity Commis5bon. The organisalion is govemed by a conslilulion which sets oul the objects and powers of the charity and governs Ihe ac(ions of (he Truslees. Recruitment and Appointment of Trustees Apart from the first charity trustees, every Iruslee must be appointed for a term of 3 years by a resolution passed al a properly convened meeling of the charity trustees. In seleding individuals for appointment as charity Iruslees. the charity Iruslees musl have regard lo the skills, knowledge and experience needed for Ihe effective adminislralion of the CIO.
THE POINTS FAMILY TRUST TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 Trustees Induction and Training The charity Iruslees will make available lo each new charily trustee. on or before his or her first appoinlment: (a) a copy of Ihe current version of this constitution- and (b) a copy of the CIO'S latest Trustees. Annual Report and finan(ial statements. Organlsation The Board of Trustees, which comprises three members, administers the charily. The Board meets quartetly lo review the affairs of Ihe charity and lo consider grant applications which are only paid to a beneficiary upon the approval of the Board. One of Ihe Trustees deals wilh correspondence and day to day administrative affairs. All decisions relating to strategy and policy are made by the Board of Truslees. Risk management The Trustees have a risk management slralegy which comprises: an annual review of the risks the charity may face; the eslablishmenl of syslems and procedures lo mitigate those risks identified in Ihe plan., implementalion of pr¢)cedures designed to minimise any potential impacl on the charity should those risks mal81ialise. The review has identified only minor risks Primarily relating lo investment exposure. Investment risk is minimised by the maintenance of a balanced portfolio in relatively low risk holdings. A key element in the managemenl of financi81 risk is Ihe setllng of a reserves policy and ils regular review by the Truslees. Related parties The charity doe5 not have relationships with relaled parties and olher charilies and organisalions wilh whith il co- operates in pursult of its charilable objectives. During the year the ch8Tlty gave a grant lo The INhitley Fund for Nature. One of the Points Family Trust trustees, Mr. Francis Sullivan is also a truslee of The Whitley Fund for Nalure. Mr. Sullivan was not involved in the assessment of the grant application or the decision-making Process relating lo this grant.
THE POINTS FAMILY TRUST .. IRUSIEES. REPORT (CONTINUED) FOR 171E YEAR ENDED S APRIL 2024 v8lw 8rD Oni1b[g fL¥ PTrPet1 Ihe Thifjtees. RepDrt ond Iho ffinandal •l&tements in ac(rdanco wlh PFQit¥ble law aTh] United Krydom Ar%wthg sjas WTMled GeIlY Acryted Armrfng ThB law 8ppllcablp lo charibes In England and W8188 Tewlrns Ihp trn8lDes to Fyeparn finandal othments for ea¢h fnanrial year thith give a true and fr view skle of affai of Ihe thsrtty and dlh¢ In¢omanq on prAlcation of oflhe dArity foTlhal year. ":: .::. : . .::" :. . . . In PfEpariny Ihw firwi(281 stslFmenlo. th? truslee• orB req1•1 kn. . sded wilablo 8wyJntiry pdlcles aTrJ IhDn apwy (¥)n¥ls1otrfy, l-": - ob8erve nthtyJ44rvJ pthclples In the Ctwilies SOIiP: ": . . . rrAke judgenwts and Ihat4TB rnasonable and pNd¢rt - elhr opiCable accounung tanda& ha¥8 been follod. subjecl to any material dopaMre8 di8do2ed 8nd explalned In Ihe ffin8r&o18t8tenEnls,' Bnd . PaYB the fwwK7aJ Glants pn thB concm b8w8 unlesB it is ingFprvpriate 10 FffEsurne thatlhg tharity ¢onhnue in 0131). The tnJ$1e re¥[K)bIef0r kneping sjlknnt accountsng TecordJthat dt8Ctose wlh reawnab]8 al¢Y al any timg thp fJnanciBI pJsh" of the thanty end Wble 1hem tsj ensure Ilwl the f.n8neal slatements Lxynply wilh the Ch8rthsAd 2011. Charity (k(x>unts and Re[) Rewlalions 2WB and th8 wDvi8ton¥ oflha Intsl deed. Tl .. arn aL> Tesponublè for 8afoJuanling the 8550ts of Ihe ch8rity aFKI hence fDr tng rEa8onable step fr>r th8 "" prgvenlior6 arKJ d*ton offraud and otherirregulathie8. wa8 apprDved by tho Bowd ofTnJ8teesaryl were wned on Ihelr behaifby: . . ' JOna1h Poln
THE POINTS FAMILYTRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE POINTS FAMILY TRUST I report to the trustees on my examination of Ihe financial statemenls of The Points Family Twsl (Ihe charity) for Ihe year ended 5April 2024. This report is made solely to the charilvs trustees. as a body. in accordance with the Charilies Act 2011. My work has been undertaken so that I might stale lo Ihe charity's Iruslees Ihose matters l am required to stale lo Ihem in an independenl examiner's report and for no other purpose. To the fullest exlent permilled by law, I do nol accept or assume responsibility to anyone other than the charity and the Charit8 truslees as a body, for my Independent Examination, for this report. or for the opinions I have formed. Responsibilities and basls of report As the trustees of the charity you are responsible for the preparation of Ihe financial statements in acLordance wilh the requirements of the Charilies Acl 2011 (Ihe 2011 Acl). I report in respect of my examinaliDn of the charity's financial slalemenls carried out under section 145 of the 2011 Acl. In carrying out my examination I have followed all Ihe applicable Direclions given by Ihe Charity Commission under section 145(5)(bl of the 2011 Act. Independent examiner's statement Your attention is drawn lo the fact Ihat the charity has prepared financial slalements in accordance with Accounling and Reporting by Charities preparing their aexounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) in preference lo the Accounling and Reporting by Charities.. Slalemenl of Recommended Practic8 issued on 1 Awil 2005 which is referred lo in the extant regulalions but has now been wilhdrawn. undersland thal Ihis has been done in order for financial slalemenls to provide a true and fair view in accordance wilh Generally Accepted Accounting Praclice effeclive for PortIng periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have com& to my attention in connection with the examination giving me Cause to believe that in any material respect: accounling records were nol kept in respecl of the charity as required by section 130 of the 2011 Acl., or the financial statements do nol accord vilh those records,. or the financial statements do nol comply with the applicable requirements concerning the form and conlenl of accounls set out in the ChaTilies (Accounls and Reports) Regulations 2CK18 other Ihan any requirement that the accounls give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection wilh the examinalion lo which allenlion should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. David Terry FCA Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA Dated.. 26 November 2024
THE POINTS FAMILY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds Total 2024 Total 2023 Notes Income from: Investments 8.966 8,966 9,220 Total Income 8,6 8,966 9,220 endlture on.. Charitable activities 47.070 47,070 44,500 Total charitable expenditure 47.070 47,070 44,500 Net income and net movement in funds before gains and losses on Investments {38,104) (38.104) (35,280) Nel gainsloosses) on investments 136,543 136,543 (59,215) Net Incomel{expenditure} for the yearl Nat movement in funds 98,439 98,439 (94,495) Fund balances al 6 April 2023 838,848 838.848 933,343 Fund balances at S Aprll 2024 937,287 937,287 838,848 The stslement of financial activilies includes am gains and losses recogni58d in the year. All income and expenditure derive from conlinuing aclivili8S. The notes on pages 8 10 14 form part of these financial slatemenls.
THE POINTS FAMILY TRUST BALANCE SHEET AS Af5 APRIL 2024 2a14 102? Flx•d ••••{• C3sh4lbAnk4Th5 kn hJr¥l "."... __: CYodltor8: falllDg dD•¥Jlthl io 4.040 Ne(W•SE1> D3a.848 Incrym fund• 7.119 rwWtu stsi•ftnl3 wwe apwoved byTh•Tnth0l oTr2e Nown&¥2024 9WereId behallby .". JonaLttaviPak N*OoYtyv4 Trusloa
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounling policies 1.1 Accounting convention The financial slalements have been prepared in accordance with Ihe CharItS constilulion. the Charities Act 2011, FRS 102 °The Financial Reporting Standard applie4ble in the UK and Republic of Ifeland" ('FRS 102") and the Charilies SORP 'Accounling and Reporting by Charities- Slalemenl of Recommended Practice applicable to charilies preparing their accounls in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Enlily as defined by FRS 102. The financial slalemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only to the ex18nl requircd to provide a true and fair view. This departure has involved following the Statement of Recommended Praclice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial slalements are prepared in sterling, which is the funclional currency of the charity. Monetary amounts in Ih8se financial slalemenls are rounded lo the nearest £. The financial stalemenls have been prepared under the historical cost convention. The principal acLounling policies adopted are set out below. 1.2 Golng concern The charity's Financial Slalemenls show nel surplus of £98,439 (2023- nel deficit of £94,495) for the y8ar and free reserves of £937,287 (2023 - £838.848). The trustees are of the view Ihat these resulls have secured the immediate future of Ihe charity for the next 12 to 18 months and on this basis the charity is a going concern. 1.3 Charitable funds Unrestricted funds are available for use al Ihe discretion of the Iruslees in furtherance of their charitable obj8cliv8S. Unreslri¢led funds include a revaluation reseNe representing the reslatement of inveslmenl assels al market value. 1.4 Income Income Is recognised when the ChaTily has enlillement to the funds, any perforMaTr conditions atlached to the ilem(s) of income have been met. il is probable Ihal Ihe Income will be received and amount Can be measured reliably. Income received by way of donations are included in full in Ihe Statement of Financial Activities when received, unless they relate lo a specffied fulure year, in which case they are defeTred. Investment income is included when receivable. 1.5 Expenditure Expenditure is recognised once Ihere is a legal or conslruclive obligalion lo transfer economic benefit lo a third party, il is probable that a Iransfer ol economic benelils will be required in selllemenl. 2nd the amount of the obligation can be measured reliably. Expenditure is classrfied by acliwty. The costs of each activily are made up of the total of direct costs and shared costs. including support c£&sls involved in undertaking each activity. Direcl costs allr¢bulable to a single activity are allocated directly to thal activity- Shared costs which contribute lo more (han one activity and support costs which are not altributable to a single aclivily are apportioned between those activ¢lies on a basis consistent wilh Ihe use of resour$. Expendilure on charitable activilies comprises Ihe making of grants lo other charilies. Grants are recognised as a cost when the Board of Trustees approve the grant and the decision is communicated lo Ihe recipient.
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting pollcles (Continued) Allocation of support costs Suppori costs are those fundions Ihal assisl the work of the charity but do not directly undertake charitablé aclivilies. Support costs include back office costs and governance costs which support Ihe charity's activities. These costs have been allocaled behveen cosl of raising funds and expenditure on charilable activities. The basis on which support costs have been allocated are set out in nole 5. 1.6 Fixed asset investments Investments comprise assets held to generale future income and include cash balances. All investments assels are shown on Ihe balance sheet al market value al Ihe balance sheol date. The markel vallie has been delcrmined by thé Independent Investmenl Portfolio Managers. Realised gains and losses arising on Ihe revaluation of inveslment assets are included in the Statement of Financial AclÈvilies. The Charity does not acquire pul options, derivatives or other complex financial inslrumenls. The main form of financial risk faced by Ihe charily is that of volalilily in equity mafkels and investment markets due to wider economic condilions, the atlilude of investors to inveslment risk, and changes in sentimenl concerning equities and wilhin particular sectors or sub sectors. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposils held at call with banks, olher short-term liquid inveslmenls with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial Instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial inslruments are renised in the charity's balanr£ sheel when the charily becomes party to the contractual provisions of the instrument. Financial assets and liabililies are offset, wilh the net amounts presenled in Ihe financi31 slalemenls. when there is a legally enforceable right lo sel off the recognised amounls and there is an inlenlion to sellle on a nel basis or to realise Ihe asset and sellle the liability simultaneously. 1.9 Taxation The Charity is a registered charity and, Ihereforc, is not liable for Income Tax or Corporation Tax on income derived from ils charilable aclivilies, as il falls within the various exemplions available lo registered charilies. 1.10 Creditors and Provislons Credilors and provisions are recognised vthen the charity has a legal or constructive present obligation as a result of a pasl event, il is probable Ihal the charily will be required lo sellle thal obligation arld a reliable estimate can be made of Ihe amount of the obligalion. The amount recognised as a promsion is Ihe best eslimale of the consideration required lo settle the present obligation 21 the reporting end dale, taking into account the risks and uncertainlies surrounding the obligalion. Where the éffect of the lime value of money is material, the amount expected lo be required lo sellle the obligation is recognised al present value. When a provision is measured at present value, the unwinding of the discount is recogni5ed as a finance cost in nel incomel(expendilure) in the period in which il arises.
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies {Continuedl 1.11 Realised l unrealised gains and losses All gains and losses are taken to the Slalement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their oper)ing carrying value or their purchase value if a(4uired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value al the year end and their carrying value. Realised and unrealised investment gains and losses are combined in Ihe Statement of Financial Activities. 1.12 Value added tax Value Added Tax is nol recx)verable by the ¢harlty. and. as such, is included in the relevanl costs in the stalement ol Financial Aclivities. Critlcal accounting estimates and judgements In the application of the charity's accounling policies. the Ifuslees are required lo make judgements, estimales and assumplions aboul Ihe carrying amount of assets and liabilities Ihat are not readily apparent from other sources. The eslimales and assoualed assumptions are based on historical experience and olher factors that are considered lo be relevant. Actual results may differ from these e5timales. The estimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accoLtnling eslimales are recognised in the period in which the eslimale is revised where the revision affects only that period, 01 in Ihe period of the revision and future periods whera the revision affects both curfenl and future periods. Investments Unrestrtcted funds Total 2024 Total 2023 Dividend received Interest received 6,015 2,951 6,015 2,951 6,535 2,685 8,966 8,966 9.220 For the year ended 5 April 2023 9,220 9.220 10-
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Charitable actlvlties Medical EnvironmeTrtal protection Conser- vation Hardshlp Total 2024 Totsl 2023 Grants ald Whitley Fund for Nalure Save the Elephants Crosslighl Advice Huntingdon Community Cancer Nolwork The East End Community Foundalion Cily of London Sinfonia SAIDIA 20,CKJO 20,000 15.000 5,000 15,000 10,000 5,000 15.000 5,000 3,000 3,000 2,000 400 400 4iX) 20.000 15,000 5.000 40,400 38,000 Share of support cosls {see note 5) Share of governance cosls (see note 5) 45 2,233 1,674 558 4,510 4,340 21 1.069 803 267 2.160 2,160 23.302 17,477 5,825 47.070 44,500 Analys1$ by fund Unreslricled funds 466 23.302 17,477 5,825 47,070 44,500 466 23,302 17.477 5,825 47,070 44,500 For the year ended 5 April 2023 Unroslricled funds 14,500 15,000 10,0 5,000 44,500 14.500 15,C0 10,0 5.000 44,500 11
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 ANALYSIS OF SUPPORT AND GOVENANCE COSTS The charity initially identifies the costs of ils support functions.11 then identifies those costs which relale to thè governance function. Governan cosls and olher suppori costs are apportioned separately belween charity's activities undertaken in Ihe year on the basis of direct cosls. Support Governance costs costs Total 2024 Total 2023 Investmentlbank charges Independenl examinefs fees 4,510 4,510 2,160 4,340 2,160 2.160 4,510 2.160 6,670 Analysed behveen Charitable activities 4,510 2,160 6.670 6,500 4,510 2,160 6,670 6,500 Net movement In funds 2024 2023 Inde cndent examinerfs fees Independent examination fees Other SeNices 1,440 720 1,440 720 2,160 2,160 Trustees No remuneralion was paid lo Trustees during Ihe year (2023- Nil). No Trustees We reimbursed any expenses during the year (2023- Nir). Net galnslllossesl on Investments Unrestricted funds Total 2024 Total 2023 Realised gainl(loss) on sale of investment Unrealised gainlooss) on year end valuation {12,758) 149,301 (12,758) 149,301 {672) (58.543) 136,543 136.543 (59.215) 12-
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Fixed assat investments Listed investments Cash In portfolio Total Cost or valuatlon Al 6 April 2023 Additions Disposals Accrued inleresl Realised gain l (loss) Unrealised gain l (loss) 831,492 221,859 1272,415) (51) (12,758) 149,301 2,516 10,063 834.008 231,922 (272.415) {51) (12,758) 149.301 At 5 April 2024 917,428 12,579 930,007 Carrying amount Al 05 April 2024 917,428 12.579 930,007 Al 05 April 2023 831,492 2,516 834,008 Hisloric cost 703,820 Total 2024 All of the above inveslmenls are alio¢ated as follows.. Invéslmenls al fair value comprises: UK fixed interest Overseas Fixed Inlerest UK equilies Overseas equilies Alternative Assels Other Allernalive Assets Cash Accrued Interest 58,443 18,425 90,715 689,185 40,195 20,414 12,579 51 930,007 10 Creditors: amounts falling due wilhin one year 2024 2023 Accruals 2,160 2.160 2,160 2,160 13-
THE POINTS FAMILY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Analysis of net assets between funds Unrestricted funds Total Unrestricted 2024 funds Total 2023 Fund balances at 5 April 2024 are reprented by: Investments Current asselsl{liabilities) 930,CK)7 7,280 930.007 7.280 834,008 4,840 834,008 4,840 937,287 937.287 838,848 838,848 12 Related party transactions During the year the charity gave a grant lo the lthilley Fund for Nature. One of the Points Family Trust trustees, Mr. Francis Sullivan is also a Iruslee of The Whilley Fund for Nature. Mr. Sullivan was nol involved in th8 assessment of the grant application or the decisioD-making process relaling lo this grant. 14-