2021-12-31-accounts

Financial Statements of Spanish Gospel Mission A company limited by guarantee Registered number: 02775700 Registered charity number: 1017224

31 December 2021

Adauxi Limited, Certified Practising Accountants Wellington House 90-92 Butt Road Colchester, Essex, CO3 3DA 01206 617 337 [e-mail]

Financial Statements of Spanish Gospel Mission Contents

	Page
Company Information	1
Report of the Trustees	2
Accountants' Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Accounts	9
Detailed Statement of Financial Activities	12

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Spanish Gospel Mission Company Information

Directors

Mrs J. Thackeray W. P. Thackeray C. L. Pomeroy S. Nowak S Nobbs

Secretary

D. Cogman

Accountants

Adauxi Limited Wellington House 90-92 Butt Road Colchester Essex CO3 3DA

Bankers

National Westminster Bank PLC 14 Market Place Brigg Lincolnshire DN20 8ES

Solicitors

Pothecary & Barrett 70 St George's Square London SW1V 3RD

Registered office

16 Kildermorie Close, St Johns Colchester CO4 0NW

Registered number

02775700

Registered charity number

1017224

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Spanish Gospel Mission Report of the Trustees

(Registered number: 02775700)

The directors present their twenty-fifth Annual Report and Financial Statements of the Company for the year ended 31 December 2021.

Objectives and Activities

The Mission is established for the advancement of evangelical Chrisitianity in Spain. To this end it supports financially, practically and in prayer the activities of its sister organisation Misión Evangélica Española.

These aims are carried out through pastoral and evangelistic work in 3 churches in Spain and through the operation of the Mission House, a Christian conference centre.

We believe these aims are of public benefit. Due to COVID-19 restrictions a number of normal activities were not able to take place. Those that could were limited to:

• Sunday services at the 3 churches in Spain which are open to everyone.

• Other Bible-based activities in these churches.

• The distribution of a twice-yearly magazine and a monthly prayer update to supporters of the

• ● Mission in the UK.

There have been no changes since the last report.

Structure, Governance and Management

The Company is a registered charity under a Trust Deed registered with the Charities Commission.

The Memorandum and Articles of Association set this out. We also have a set of Principles and Practices which cover some of the day-today matters affecting the running of the Mission.

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Spanish Gospel Mission Report of the Trustees

(Registered number: 02775700)

Selection of Trustee Board Directors:

First and foremost we look for those who are evangelical christians with an interest in the proclamation of the gospel in general and in Spain in particular. Within those parameters our aim is to have a balance of skills and experience appropriate to the work of the Mission. Suitable candidates are generally drawn from those with whom we have had previous contact in a variety of ways.

The following persons served as directors of the Company throughout the year:

Mrs J. Thackeray P. E. Cresswell W. P. Thackeray C. L. Pomeroy M. C. Lane S. Nowak S. Nobbs

The Directors retiring by rotation are C. L. Pomeroy and S. Nowak who, being eligible, offer themselves for re-election.

All Directors are members of the Company and guarantee to contribute to the assets of the Company in the event of it being wound up such amounts as may be required not exceeding £1.

Achievements and Performance

The Mission continues to support pastoral and evangelistic work in three evangelical churches in Spain as well as similar work in a number of other locations where there is no formal church connection. Work continued on the renovation of the Mission House in Valdepenas. The Mission House now hosts classes as part of a three year theological seminary course.

The Risks to the Charity

The risk to the Charity is being dependent on donations being received which are by way of cheque and standing orders, but there are no systems to control this.

The geographical areas of operation and the scope of the work carried out by the Mission are such that we do not believe that our workers are subject to any risks over and above those of everyday life. There have been instances in other areas of the world of missionaries being taken captive and held to ransom. Although we see this as unlikely in the areas in which we operate, the Principles and Practices of the Mission set out our position in the event of such an occurrence.

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Spanish Gospel Mission Report of the Trustees

(Registered number: 02775700)

Financial Review

The trustees have established a reserves policy whereby the unrestricted funds are sufficient to cover 3 months' overhead expenses. However, as the Mission relies entirely on voluntary donations the degree to which this is achieved fluctuates.

£(5,330) A number of legacies were received reducing the Net Loss for the year to which is added to the balance brought forward of £24,349 Leaving to be carried forward a balance of £19,019

Plans for Future Periods

We have no specific plans for the future development of the work of the Mission. There are many areas of Spain with little or no clear gospel witness and our desire would be to extend the work into these areas. However, as has always been the case, we wait upon God to call men and women to serve Him in Spain and when that happened we would determine, in consultation with the workers in Spain, where such additional personnel could be best used.

Reference and Administrative Details

Name of the charity: Spanish Gospel Mission Registered charity number: 1017224 Registered office address: 16 Kildermorie Close, St Johns Colchester CO4 0NW

Directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• ● prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

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Spanish Gospel Mission Report of the Trustees

(Registered number: 02775700)

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with:

• the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime; and

• The Charities Statement of Recommended Practice: Small Charities and SORP 2005.

This report was approved by the board on 30 April 2022 and signed on its behalf.

__ __ __ __ __ __ __ __ __ S. Nobbs Director

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Spanish Gospel Mission Accountants' Report

Accountants' report to the directors of Spanish Gospel Mission

You consider that the company is exempt from an audit for the year ended 31 December 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

This report is made solely to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Adauxi Limited Certified Practising Accountants

Wellington House 90-92 Butt Road Colchester Essex CO3 3DA

5 May 2022

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Prepared by Adauxi Limited | 01206 617 337 | [e-mail]

Spanish Gospel Mission Statement of Financial Activities for the year ended 31 December 2021

Notes Non-charitable income 4 Total incoming resources Resources expended Net incoming resources for the year Gross income of continuing operations	Unrestricted Funds (General) Restricted Funds (Income) Total Funds 2021 2021 2021 £ £ £ 31,824 19,541 51,365 1 - 1 31,825 19,541 51,366 21,491 35,205 56,696 10,334 (15,664) (5,330)	Total Funds 2020 £ 42,721 11 42,732 53,164 (10,432)

The Statement of Financial Activities is to be read in conjunction with the Notes to the Financial Statements, which form part of the financial statements.

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Spanish Gospel Mission Balance Sheet as at 31 December 2021

Notes Fixed assets Tangible assets 5 Current assets Debtors 6 Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Net assets Income funds Designated income funds Unrestricted income funds 9 Total funds	2021 £ - 8,367 12,857 21,224 (2,205) 19,019 19,019 3,264 15,755 19,019	2020 £ - 4,506 21,103 25,609 (1,260) 24,349 24,349 18,928 5,421 24,349

The Balance Sheet is to be read in conjunction with the Notes to the Financial Statements, which form part of the financial statements.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

---

S. Nobbs Director Approved by the board on 30 April 2022

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Spanish Gospel Mission Notes to the Financial Statements for the year ended 31 December 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The Financial Statements follow the recommendations in the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015).

Voluntary income

Voluntary income is received by way of donations and gifts, and is recognised in full in the Statement of Financial Activities in the period in which it is received.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Restricted funds

Restricted funds relate to donations and/or legacies received in respect of designated gifts.

2 Employees

The Company does not have any employees of its own.

The Company does contribute (by way of donation) to the direct employment costs of employees of its sister organisation Misión Evangélica Española ("MEE"). The employees of MEE are referred to as workers in these financial statements.

At the end of the year there were 0 MEE workers and 0 volunteers in Spain (2020: 8 workers and 0 volunteers). No worker earns more than £60,000 per annum. There are 2 volunteers in the UK (2020: 3).

3 Taxation

The Company is a registered charity and the results of its normal activities are not liable to corporation tax.

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Spanish Gospel Mission Notes to the Financial Statements for the year ended 31 December 2021

4 Operating profit 2021 £ This is stated after charging: Accountancy fees 945 Non-charitable income: bank interest received 1 5 Tangible fixed assets Cost At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 At 31 December 2021 Net book value At 31 December 2021 6 Debtors 2021 £ Other debtors 8,367 7 Creditors: amounts falling due within one year 2021 £ Accrued expenses 2,205 Other debtors comprise gift aid receivable in respect of voluntary donations.

2020 £ 1,260 11 Improvements to Mission House £ 18,429 18,429 18,429 18,429 - 2020 £ 4,506 2020 £ 1,260

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Spanish Gospel Mission Notes to the Financial Statements for the year ended 31 December 2021

8 Designated fund At 1 January Restricted donations received Restricted donations spent At 31 December 9 Unrestricted income funds At 1 January Surplus(Deficit) for the year At 31 December	2021 £ 18,928 19,541 (35,205) 3,264 2021 £ 5,421 10,334 15,755	2020 £ 40,453 21,271 (42,796) 18,928 2020 £ 15,853 (10,432) 5,421

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Spanish Gospel Mission Detailed Statement of Financial Activities for the year ended 31 December 2021

Unrestricted Funds (General) Restricted Funds (Income) Total Funds 2021 2021 2021 £ £ £ Incoming resources Voluntary income Donations and gifts 31,824 19,541 51,365 31,824 19,541 51,365 Investment income Bank interest received 1 - 1 Total incoming resources 31,825 19,541 51,366 Resources expended Donations for costs of Mission Evangelical Espanola Workers' wages 45,960 - 45,960 Gifts to workers (26,446) 33,652 7,206 19,514 33,652 53,166 Overhead expenses Insurance 574 - 574 Printing and stationery 1,736 - 1,736 Bank charges including currency conversions 240 - 240 2,550 - 2,550 Support costs in Spain (1,553) 1,553 - Governance costs Other legal and professional 35 - 35 Accountancy fees 945 - 945 980 - 980 Total resources expended 21,491 35,205 56,696 10,334 (15,664) (5,330) Net outgoing financial resources for the financial year

Total Funds 2020 £ 42,721 42,721 11 42,732 32,933 16,883 49,816 531 1,255 254 2,040 - 48 1,260 1,308 53,164 (10,432)

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