Financial Statements of Spanish Gospel Mlsslon A company Ilmited by guarantee Registered number.. 02775700 Registered charity number: 1017224 31 December 2023
Financial Statements of Spanish Gospel Mission Contents Page Company Information Report of the Trustees Statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statement of Financial Activities li
Spanish Gospel Mission Company Information Directors D. Cogman J. Thackerav W. P. Thackeray S Nobbs C. L. Pomeroy P. Pomeroy T. Jones J. Higgins Secretary D. Cogman Bankers National Westminster Bank PLC 14 Market Place Brigg Lincolnshire DN20 8ES Sollcltors Pothecary & Barrett 70 St George's Square London SWIV 3RD Reglstered office 12 Winchester Road Colche5ter En8land C02 7LH Reglstered number 02775700 Registered charlty number 1017224
Spanish Gospel Mission Report of the Trustees (Registered number: 02775700) The directors present theirtwenty-ninth Annual Report and Financial Statements of the Company for the year ended 31 December 2023. Objectlves and Actlvltles The Mission is established for the advancement of evangelical Christianity in Spain. To this end it supports fina ncially, practically and in prayer the activities of its sister organization Mision Evangélica Espafiola. 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. These included: 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 U K. Structure, Governance and Mana8ement 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,
Spanish Gospel Mission Report of the Trustees (Registered number.. 02775700) Selertion of Trustee 8ourd Dirertors." 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 during the year: Mrs J. Thackerav W. P. Thackeray S. Nobbs C. L. Pomeroy D Cogman P Pomerov T. Jones lappointed 11 April 20231 J. Higgins (appointed 11 April 20231 All Directors are members of the Company and guarantee to contribute to the assets of the Companv in the event of it being wound up such amounts as may be required not exceeding £1. Achlevements and Performance The Mission continue5 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. The Rlsks to the Chafitv There is a risk to the Charity in being dependent on donations being received by cash, cheque and standing order, but there are no system5 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.
Spanish Gospel Mission Report of the Trustees (Registered number: 02775700) Financial Review The trustees have established a resetves policy wherebythe unrestricted funds are sufficient to cover 3 months, overhead expenses. However, asthe Mission relies entirely on voluntary donations the degree to which this is achieved fluctuates. Plans for Future Periods We continue to review 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 Admlnistrative Details Name of the charity: Spanish Gospel Mission Registered charity number: 1017224 Registered office address: 12 Winchester Road, Colchester, C02 7LH Dlrectors, responsibilltles The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the director5 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 Saw 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 preparin8 these accounts, the directors are required to: select suitable accounting policies and then apply them consistentlv; 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.
Spanish Gospel Mission Report of the Trustees (Registered number: 027757001 The directors are responsible for keepin8 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 comp5y 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 detertion 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 subjett to the small companies regime; and The Charities Statement of Recommended Prartice: Small Charities and SORP 2005. Thls report was approved by the board on 20 April 2024 and signed on its behalf. S. Nobbs Director
Spanish Gospel Mission Statement of Financial Activlties for the year ended 310ecember 2023 Unrestricted Restrirted Funds Funds 2023 2023 Total Funds Total Funds 2022 Notes 2023 Gross income of continuing operations Non-charitable income Total incomin8 resources Resources expended Net incoming resourtes for the year 140,980 627 141,607 53.414 6,140 147,120 627 147,747 59,022 42,275 6.140 5,607 42,282 51,810 88,193 533 88,725 1_9,5281 The Statement of Financial Activities is to be read in conjunction with the Notes to the Financial Statements, which form part of the financlal statements.
Spanish Gospel Mission Balance Sheet as at 31 December 2023 Notes 2023 2022 Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 2,728 93,611 96,339 3.416 4,198 7,614 Creditors: amounts falling due wlthin one Year Net current assets 96,339 96,339 7,614 7,614 Net assets Represented as Income funds Designated income funds Unrestricted income funds 5,207 91,132 96,339 4.675 2,939 7,614 Total funds 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 acknowled8e their responsibilities for complying Wlth 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 provislons in Part 15 of the Companles Act 2006 applicable to companies subject to the small companies regime. S. Nobbs Director Approved by the board on 20 April 2024
Spanish Gospel Mission Notes to the Financial Statements for the year ended 31 December 2023 l Accounting policies Bosis oApreporation The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 20151. The Financial Statements follow the recommendations in the Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSEI (effective l January 20151. 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. Forelgn currencles Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in forei8n currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. Restrictedfunds Restricted funds relate to donations and/or le8acies received in respect of designated gifts. 2 Employees The Company does not have any employees of it5 own. The Company does contribute (by way of donation) to the direct employment Costs of employees of its sister or8anisation Mision Evangélica Espahola l MEE"). The employees of MEE are referred to as workers in these financial statements, At the end of the year there were O MEE workers and O volunteers in Spain12022'. 0 workers and O volunteers). No worker earns morethan £60,000 per annum. There are 2 volunteers in the UK12022: 21. 3 Taxatlon The Company is a registered charity and the results of its normal activities are not liable to corporation tax.
Spanish Gospel Mission 4 Operating profit 2023 2022 This is stated after charging: Accountancy fees Non-charitable income: bank interest received 627 5 Not Used 6 Debtors 2023 2022 Opening debtors Correction of opening balance Restated at l January Increase /IDecreasel in debtors Closin8 debtors 3,416 3147 269 3,416 3,416 -688 2,728 3,416 Other debtors comprise gift aid receivable in respect of voluntary donations. 7 Credltors: amounts falllng due within one year 2023 2022 8 Designated fund 2023 2022 At l January Correction of opening balance Restated at l January Restricted donations received Restricted donations Spent At 31 December 4,675 3,264 269 3,533 6,890 (_5,748) 4,675 4.675 6, 140 {_5,6071 5,207 9 Unrestricted Income funds 2023 2022
Spanish Gospel Mission At l January SurplusllDeficitl for the year At 31 December 2,939 88,193 91,132 15,755 1_12,8161 2,939 Other debtors comprise gift aid receivable in respect of voluntary donations. io
Spanish Gospel Mission Detailed Statement of Financial ActFVltie5 for the year ended 31 December 2023 Unrestricte d Funds Restrlcted Funds Total Funds Total Funds Notes 2023 2023 2023 2022 Incomin8 resources Voluntary income Donations and gifts Designated Donations and gifts Le8acies Gift Aid Claim Increase /IDecreasel in debtors Investment Income Bank interest received Total Incoming resources 32,616 32,616 42,275 6,140 6,140 105,886 3,166 105,886 3,166 1_688) 140,980 627 1.688} 147,120 627 6,140 42,275 141,607 6,140 147,747 42,282 Resources expended Donatlons for costs of Mission Evangellcal Espanola Workers, wages Gifts to workers 51,282 51,282 5,607 56,889 42,555 5,748 48,303 5,607 5,607 51,282 Overhead expenses Insurance Printing and statlonery Expenses Bank charges including currency conversions 222 1,389 324 222 1,389 324 568 956 162 162 193 2,097 2,097 1,717 Support costs In Spaln Governance costs Other legal and professional Accountancy fees 35 35 1,745 45 35 35 1,790 Total resources expended 53N14 5,607 59,022 51,810 Net outgolng financial resources for the financial year 88,193 533 88,725 (.9,528) li
Michael Clements 10 Neale Drive Greasby Wirral MeTseysÈde CH49 1 SL 16 September 2024 Mr Trevor Jones Treasurer to Spanish Gospel Mission 8 Harvey Avenue Greasby Wirral Merseyside CH49 1 RT Dear Mr Jones Inde endent Examiner's Re Deeember 21)23 ort on the Accounts of S anish Gos el Mission for the Year to 31 Further to your requesL I confim that l am prepared to act as the Independent Examiner for the Spanish Gospel Mission accounts of the Trust for the year ended 31 December 2023 on the b&sis of the Directions of the Charities 201 l Act. l also confirni that I shall charge no fee for this work, Respective responsibilitles of trustees and examiner The charity's truste¢s are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities 201 l Act). It is my responsibility to: exainine the accounts under section 145 of the Charities 201 l Act. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities 2011 Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the genernl Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration ot any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning anv such matters. The procedures undcrtakcn do not providc all the evidence that would b¢ required in an
li and consequently no opinion is given as to whether the accounts present a Irue and fair view, no Ihe report is limited to those matters set out in the statement below. Independent examiner's ststement In connection with my examination, no matter has come to my attention which gives me reasonable cause io believe that in any material resp¢¢t the requirements: to keep accounting records in accordance with section 130 of the Charities 201 l Act. and to prepare accounts which accord with the accounting records and comply with the accountino requirements of the Charities 201 l Act have not been met. and to which, in my opinion, attention should be drawn in order to enable a proper undersTanding of the accounts to be reached. Yours faithfully Michael Clements