2021-03-31-accounts - Latin Link

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IM members	IM placements	IM member has
served between	were cancelled or	worked
April 2020-	postponed due to	remotely from
March 2021	Covid-19	Latin America

			Unrestricted	Designated	Designated	Restricted	Total	Total
			Funds	Funds		Funds	2021	2020
		Notes	f	f		f	f	f
Income and endowments
from:
Donations ond iegocies:
Donations R Legacies			360,359	9,234		41,569	411,162	565,779
Other trading activities			100,579				100,579	107,508
Charitable activities:
Stay programme			310,097	1,290		904,021	1,215,408	1,250,531
Stride programme						154,499	154,499	254,530
Step programme						4,741	4,741	26,178
Other Sources:
Coronavirus job retention		4	7,393				7,393
scheme governement	grant
Total income and endowments			778,428	10,524		1,104,830	1,893,782	2 204 526
Expenditure on:
Raising Funds			108,319				108,319	139,393
Charitable activities			621,488		200	1,092,589	1,714,277	1,803,187
Total expenditure		5	729807		200	1,092 589	1,822,596	1942580
Realised gains/(losses)
Net income/(expenditure)	for	6	48,621	10,324		12,241	71,186	261,946
the year
Transfers between funds		15
Net movement in funds			48,621	10,324		12,241	71,186	261,946
Reconciliation offunds
Total funds brought forward		15	113,207	1,525,921		479,019	2,118,147	1,856,201
FUND BALANCES CARRIED	FORWARD		161828	1536	245	491260	2,189,333	2 118147

					2021		2020
				Notes	6		6
Fixed Assets
Tangible Assets				9	360,415		366,570
Investment Property				10	1,900,000		1,900,000
Investments				11	50,018		50018
					2,310,433		2,316,588
Current Assets
Stock					413		413
Debtors				12	100,364		136,197
Cash at bank and in	hand				673 288		589733
					774,065		726,343
Current Liabilities
Creditors falling due	within one year				126824		138,445
					126,824		138,445
Net Current Assets					647 241		587898
Total Assets less Current		Liabilities			2,957,674		2,904,486
Creditors falling due after		more	than one year	14	768,341		786,339
Net Assets				16	2189333		2 118147
The funds ofthe charity
Restricted income funds				15	491,260		479,019
Unrestricted income	funds:
			Designated	15	1,536,245	1,525,921
			General	15	161,828	113207
(including revaluation reserve			of6689,313)		1,698,075		1,639,128
Total charity funds					2 189333		2 118147
Approved by the Board on 16September 2021and signed on its behalf by:
Jojowett
Director and Chair ofthe		Trustees

				2021 f	2020f
Cash used in operating activities
Net income / (expenditure)	for the year			71,186	261,946
Adjustments for:
Depreciation charges				8,230	7,612
(Gains) / losses on investments
Dividends, interest and	rents from investments			(99,784)	(104,595)
Decrease /(increase) in	stock				2,104
Decrease / (increase) in	debtors			35,833	(76,441)
(Decrease) / Increase in	creditors			(11,621)	(11,514)
Net cash provided by/ (used In) operating		activities		3,844	79,112
Cash flows from investing	activities
Dividends, interest and rents from investments				99,784	104,595
Proceeds from the sale of	property, plant and equipment
Purchase offixed assets				(2,075)	(1,746)
Proceeds from the sale of	investments
Purchase of investments
Net cash provided by / (used in) investing		activities		97,709	102,849
Cash flows from financing	activities
Repayment of borrowing				(17,998)	(17,370)
Cash inflows from new borrowing
Net cash provided by / (used in) financing		activities		(17,998)	(17,370)
increase / (decrease) in cash and cash equivalents			in the year	&3,555	164,591
Cash and cash equivalents	at the beginning	ofthe year		589,733	425,142
Cash and cash equivalents	at the end ofthe year			673,288	589733

DONATIO	N	S AND LEGACIES
			Unrestricted	Designated f	Restricted	2021	2020
Donations			318,451	9,234		327,685	345,394
Legacies			41,908		41,569	83,477	220,385
			360,359	9,234	41,569	411,162	565,779
OTHER TRADING ACTIVITIES
						2021	2020
						F.
Property	Rental					99,784	104,595
Investment		income				795	2,643
Income from sundry sales							270
						100579	107508

		Unrestricted f	Designated f	Restricted f	2021f	2020 f
Team & retired members,		194,656	1,290	700,674	896,620	957,649
ofiice staff
Ministries &Projects				203,347	203,347	175,026
Administration and Events		115,441			115,441	117,856
Step and Stride programmes				159,240	159,240	280,708
Coronavirus job retention	scheme	7,393			7,393
governe ment grant
		317,490	1,290	1,063,261	1,382,041	1,531,239

	Voluntary	Voluntary	Stride &Step	Stay		Governance	Governance	Fundraising	2021	2020
	income		programme	programme				&Publicity
Costs directly									Total	Total
allocated to	E					E		E	E
activities
Team Member				938,472					938,472	942,578
costs
Latin Partners										486
costs
Ministries &				141,359					141,359	137,163
Projects
Grant payable to
Cuba para Crista
Events		637						956	1,593	7,514
Fundraising &	11,947							17,920	29,867	36,831
Publicity
Staff costs			36,163						36,163	45,626
Strider &Stepper			171,961						171,961	219,469
costs
Professional						25,938			25,938	8,404
fees
Trustee meetings							992		992	2,236
Cuba Para Cristo
costs
Other costs	39,834						122	11,796	51,752	63,016
Support costs
allocated to
activities
General office,	13,582		53,928	279,796		7,010		7,947	362,263	394,480
finance and co-
ordinator staff
Premises		240	953	4,945			124	140	6,402	11,482
ONce costs	1,158		4,598	23,859			597	678	30,890	40,313
Depreciation		309	1,224	6,357			159	181	8,230	7,612
Travel &		24	94		490		12	14	634	9,173
hospitality
Other opera-		603	2,394	12,419			311	353	16,080	16,196
tional costs
Total expenditure	68	334	271,315	1407	697	35	265	39,985 1822 596 1942 579

This is sta	ted after charg	ing/(crediting) the following:
			2021	2020
Depreciation			8,230		7,612
Operating	lease rentals:	office equipment	960		960
Auditors'	remuneration	for audit services	6,600		6,480
Auditors'	remuneration	for other services	420		420

Staff costs were as follows:	2021	2020
Salaries	442,890	491,975
Social security costs	17,964	20,704
Pension costs	28,316	30,551
	489,170	543 230

			2021	2020
Charitable	activities			18	25
Ofgce and	administration			10
				28	36
The average number ofemployees		during the year, calculated	on the basis of headcount,	was as follows:
			2021	2020
Charitable	activities			21	27
Offfce and	administration			16	15
				37	42

	Freehold	Oflice
	Property	Equipment	Total
	E	E	E
Cost
At 1April 2020	426,645	67,065	493,710
Disposals		(65,319)	(65,319)
Additions		2,075	2,075
At 31March 2021	426,645	3,821	430466
Depreciation
At 1April 2020	61,575	65,565	127,140
Disposals		(65,319)	(65,319)
Charge forthe year	7,366	864	8,230
At 31March 2021	68,941	1110	70051
Net BookValue
At 31March 2021	357,704	2,711	360,415
At 31March 2020	365070	1500	366570
These assets are all used to support	all ofthe charity's activities.

INVESTMENT PROPERY
	2021	2020
	E	E
Brought forward	1,900,000	1,900,000
Disposa Is
Additions
Revaluation
	1900000	1,900000

UK holdings	Fixed income	Alternative	Total
	bonds	Investments
	6
Cost
At 1April 2020	50,000	18	50,018
At 31March 2021	50,000	18	50,018
Market Value
At 1April 2020	50,000	18	50,018
At31March 2021	50,000	18	50,018
DESTORS
		2021	2020
			E
Income tax recoverable		14,656	18,533
Other debtors		6,901	19,681
Prepayments		13,557	18,129
Income receivable		65,250	79,854
		100,364	136,197

CREDITORS: AMOUNTS FALLING DUE WITHIN ON	E YEAR
	2021	2020
	E	F.
Taxation and social security	19,815	21,052
Mortgage	17,998	17,371
Other creditors	80,910	93,722
Deferred income
Accruals	8,101	6,300
	126,824	138,445

CREDITO	RS: AMOUNTS FALLING DUE AFTER MO	RE THAN ONE YEAR
		2021	2020
		E	E
Mortgage	Loan	768,341	786,339
		768,341	786,339
Mortgage
Due within	1-2years	24,412	19,462
Due within	2-5years	62,935	73,236
Due in more than 5years		680,994	693,641
		768,341	786,339

		At 1April					Gains &	At31March
		2020	Income	Expenditure		Transfers	Losses	2021
		E	E	E		E		E
Restricted	funds:
Individual	project and
personnel	funds	322,818	904,021	(884,465)				342,374
Step		(38,109)	4,741	(25,954)				(59,322)
Stride		73,611	154,499	(182,170)				45,940
Disadvantaged children		120,699						120,699
Cochaba mba			41,569					41,569
Website Development
Total restricted funds		479,019	1,104,830	1,092,589				491,260
Unrestricted funds:
Designated	pension	60						60
funds
Designated	education	2,751						2,751
fund
Designated	capital fund	1,360,024						1,360,024
Designated	members'
excess
support fund		8,762						8,762
Designated	launch fund	111,472	1,290					112,762
Designated	mission	15,346	3,260					18,606
fund
Designated	SFM 1N	27,506	5,974		(200)			33,280
General Funds		113,207	778,428	(729,807)				161,828
Total unrestricted funds		1,639,128	788,952	730,007				1,698,073
Total funds		2118147	1893782	1822	596			2 189333

			At 1April					Gains &	At31March
			2019	Income	Expenditure		Transfers	Losses	2020
			E	E	E			E	E
Restricted	funds:
Individual	project and
personnel	funds		294,953	889,422	(861,557)				322,818
Step			(12,665)	26,178	(51,622)				(38,109)
Stride			32,554	254,530	(213,473)				73,611
Diasdavantaged Children				120,699					120,699
Website Development
Total restricted funds			314,842	1,290,829	1,126,652				479,019
Unrestricted		funds:
Designated		pension	60						60
funds
Designated		education	2,751						2,751
fund
Designated		capital fund	1,360,024						1,360,024
Designated		members'
excess
supportfund			8,762						8,762
Designated		launch fund	78,052	33,420					111,472
Designated		mission	15,346						15,346
fund
Designated		SFM 1%	22,487	5,917		(898)			27,506
GeneraIFunds			53,877	874,360	(815,030)				113,207
Total unrestricted funds			1541359	913,697	815928				1639128
Total funds			1856,201	2,204,526	1942	580			2 118147

		2021
	General	Designated	Restricted	Total
	Funds	Funds	Funds	Funds
	f	f	f
Tangible fixed assets		360,415		360,415
Fixed Asset Investment		1,900,000		1,900,000
Investments	50,018			50,018
Current assets	220,636	62,169	491,260	774,065
Current liabilities	(108,826)	(17,998)		(126,824)
LT Liabilities		(768,341)		(768,341)
Net Assets at 31March 2021	161,828	1,536,245	491,260	2,189333
		2020
	General	Designated	Restricted	Total
	Fundsf	Funds f	Funds	Funds f
Tangible fixed assets		366,570		366,570
Fixed Asset investment		1,900,000		1,900,000
Investments	50,018			50,018
Current assets	184,263	63,061	479,019	726,343
Current liabilities	(121,074)	(17,371)		(138,445)
LT Liabilities		(786,339)		(786,339)
Net Assets at 31March 2020	113207	1525,921	479019	2 118147

The costt	o the	Compan	y	ofproviding pen	sion and	death in service	benefits duri	ng the year	was as follows:
							2021		2020
Payments	with	respect	to	current staff				27,923	30,551
Payments	with	respect	to	team members	currently	serving		86,699	89,281
overseas
								114622	119832

	2021
	E
Hire of plant and machinery
Within one year		960	960
Between one and five years:		2,880	3,840
		3,840	4800

Related party	Amount	Nature oftransaction
Ulting Trust	E4,576	Donation recieved to support theologi-
		cal education in Latin America

PRIOR YEAR CO	MPARIT	IVES
				Unrestricted	Designated		Restricted	Total
				Funds	Funds		Funds	2020
				E	E		E	E
Income and endowments		from:
Donations and legacies:
	Donations		IE Legacies	439,163	5,917		120,699	565,779
Other trading activities				107,508				107,508
Charitable activities:
		Stay programme		327,689	33,420		889,422	1,250,531
		Stride programme					254,530	254,530
		Step programme					26,178	26,178
Total income and	endowments			874360	39	337	1,290829	2204,526
Expenditure on:
Raising Funds				139,393				139,393
Charitable activities				675,637		898	1,126,652	1,803,187
Total expenditure				815,030		898	1126652	1,942580
Realised gains/(losses)
Net income/(expenditure)		for the year		59,330	38,439		164,177	261,946
Transfers between	funds
Net movement in	funds			59330	38	439	164177	261946