ANNUAL REPORT LATIN LINK 2024-25 REPORT AND FINANCIAL STATEMENTS OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 L& 1¢ T Latin Link COMMUNITY WITH A CALLING Latin Link COMMUNITY WITH A CALLING LATIN LINK Report and financial statements of the trustees for the year ended 31 March 2025. The trustees are pleased to present their report together with the fi'nancial statements of the charity for the year ended 31 March 2025. This report also contains the information required by the directors, report under company law. TABLE OF CONTENTS Welcome 21 Auditor's report Objectives and activities 24 Statement of fi'nancial activities Stay programme 25 Balance sheet 11 Serving in Britain and Ireland Statement of cashflows 26 12 Stride programme 27 Notes to the accounts 14 Step programme 40 Structure, governance and management 17 Mobilising churches 42 Administrative details 18 F inancial review LATIN LINK WELCOME LAMN LINK ANNUAL REPORT 2024-25 ndmdualism is a prcminent feature of Cc￿tempOrary society. and thiLst it may offer benefits for some. such as FErsonal freedom. irKleFeThJence, and creatmty, it can also have a destructive impact causing a Lack of S(￿la1 cohesion, the erosion of collective responsibility, and increased sccial isolation and lonebness. As such, lndimdua￿sm is not a healthy feature in the context ofthe bcty of Christ. tojether. creatirYJ a strong a￿1 SUPFortwe community that reflected the love of Christ This example demonstrates that genuine communty involves not only shareJ faith worship but atso practical SUPF()rt fellowship, and mutual accountsbilty- the kind of unty and cwperation that ampbfies indwidual efft)rts and creates a rrbjre effectwe and resibent whole. e55ions of interest from indNv*Rls whocould contribute to the wcrk ofour Board of Trustees. Ifthis is sometlryro you woukl be interested irL please get in touch. I want to thank you, our readers and supporters for the part that you play, too. Every story that we tell demonstrates how your generosity in prayer and finance is making an i￿PaCt for God's kingdom. Thank you for continuiro to stsrKI with us In seNing God's misslon. Our Britain arKI Ireland team continue to work to reflect this seNing tirelessly to support our members, engaging with the Church in Britain and Ireland, and ensuiing our support￿5 are reguL3rLy kept up to date wth what GCKI is doing through the work of Latin Link On behalf of the trustees. I want to thank ￿r brilbant team for all their hard work and commitrnenL To borrow a quote from a ent edition ot our magazine Ladnfi'le.. Tr interconnected strands of sending and receivitTrJ churches, of prayer and fi'nancial supporters, of country teams and of members, ministries, come together to create a rich taFesty that reflects the dwer&ty and depth of GCKI'S global family. This is a pcture of the Latin Link community, but it also offers a snapshot of Church as a whole. God t￿e$s, Jo Jowett Chair of Trustees As part ofthe more extended team, ourtrustees continue to gwe oversight to our worK navigating the multiple challenges of govemance in these com¥Aex times. Sadty, we said goodbye to Richard Stsinton lastyear as he came to the end of six years as a trustee,. we're so grateful for the contribution he made in that time. I'm pleased to say we welcomed Nick Addo as a new trustee and we're already nefitting from his inFxL As part of our ongcing commitment to strory arKJ inclusive govemance, we continue to welcome Scripture emphasises the corcept of'stroThJer together, through the idea of interdependence and interconnectedness. The earty church in Acts promdes a pOwe￿j1 example of this as seen in Acts 2'.42. This passage describes the believers. devotion to the apK)Stles' teaching fetk)wship, breakirvJ of bread. and Fxayer. TIEY sharaj their resources cared for one anotherfs needs, arKJ prayed ANNUAL REPORT 2024-2025 OBJECTIVES AND ACTIVITIES CHARITABLE OBJECTIVES This is a reflection of our commitment to integral mission; we believe that sharing the gospel includes addressing toth physical and spiritual need& To advance the mission of ChrisL principally in and from Lats'n Ameiica and also amongst Spanish and Portugue* speaking people elsewhere in the wortd, and in particular (but wthout limitation to the foregoing) tojoin in evangelism, church-planting. discipling of Christians and the training of leaders worlJramme is designed for committed Christians who feel a call to longer-term mission. Stay member5 have previously completed Latin Link's Stiide programme. America are having but atso the ggnificant impKt Latin American members who have come to wo in the UK are having in the churches they serve in. During the year we have seen an increase in those o feel called to seNe in Spain and expect the Latin Link team there to grow. In the stories belowwe have promded a flavour of the type of work Stsy members are involved in. 41 16 7 Members in Membets in Britsin Members in Latln Amerlca and IreLarxl Ip. Ilj Spain srAY PROGRAMME 2024-25 Stsy members commit to using their skills ar experience for longer-term sermce, investing time in building relationships to S￿ a real impact on the indiwduals and communities with whom they seNe. They partner with the local Latin American church in a wide variety of different ministries. ()/eralL this has a FX)Sitive year f￿ the Stay programme, t￿)Ugh the number of irKlividuals applying to be Stay missionaries is still lower than it used to be. It is aLso fair to say that the length of time loThJ-term Mi￿10r￿8neS seNe for has declined over the last few decades. Stay members have continued *tMng in a range of activities. Their work ranges from training church leaders to supporting vulnerable children. from prison ministy to schools, worlc arKJ from creation care to church planting. It is encouraging to ￿ not onW the impact that Stay member5 *nt from the UK to Latin LATIN LINK LAURA'S STORY Laura Santon is a Stsy member with Latin Linl based in Belfast Northem Iretand. Laura seNe5 as DiasFX)ra Research and Development Manager for Latin LinlL Her research involves locating churches started bydifferent nationalities in Britain arKI IrelarKI (caued diasporn churches) and connecting with their leadets. She also researches e5tab￿.Shed churches where different rkltionalities habe settted, particularty tlJ)se from Latin America. Thr0ugh￿jt year laura regularty attends Confe￿nceS to help I￿￿ter her research arKI to conrEct wth mre diaspora churcPÉs Laura is kn apart of Lausanne Eurcp and volunteers weeldy in a trryitaland hospice as a vc4unteerchaplain. Laurn is currendy carrying ¢xrt a Guded Research Project at OxfcKd Centre Mission Studies (OCMSI with a S￿IfiC fcrus on Ireland and the diasporn churches a￿1 people from different rk3tionalitEs settling into local churches. She is seeldng to disc¢y4er the extent of this landscape arKJ to understand what God is doirg through the diaspora movemert arKI in tum strengthen churches in their engagement with mission. RVER4IIF Laura spends tlme connecting with churth leaders and seeks to encourage them In their vision for missiix locauy and globauy. and seek5 to connect them with other local church teaders. r¢yY Laura Sep￿S on sewal teams and committees helplng encourage mi￿1 and plan ewits and gatherirys. She ￿ aso Involv&J with a group helping organi Intercultural leaders. gatherings, where dia¥)ora leaders can connectwlth bcal ministy kaders to txjild relationshiFY and share their To find out rn0￿ about laura's V￿rk amongst diawa churches JY)u can watch an intwiew with her hetE', ANNUAL REPORT 2024-2025 KATY'S STORY Katy Gnggs is ts Laln Unk Ecuador Team The Vts enAburklaKo charity seeks to Leaderand has been based h Santo Domirgo help Improve quauty of life of w)ple de los TsachiL45 for over 20 years. Katy Is with d￿bIl￿￿$ arKI th8r famllEs. focusslrvJ invc4ved wth I￿0 local prqects, Orphaids particulaty on children arKI tew and en Abun￿ncE (Life in Atxjndancel, leamiry d15abitsb.es through Its Habild4 and also suprx)rt5 e4BrvJeli9n ministry at ra la Vlda ￿kIllS for Lifel FKogramnx arKJ for 1yri￿￿a Igles&i Bauttsta (First Bapttst thurth). women suffwing from or at rith of. domest5c ¢¥iahJs was set up ty fcymer Latwi Urt( nce throLigh ts Hajassah project Katy mls4onarle5 John arKI BreT￿ Hart to provKle suppJrts these ryojects ty c(thinatsThJ sUp￿rt to p&wle infected vitth or affected furKliThJ. F*ing as a dassroom asslstan( and ty HIVIAIDS. care ftx thlldrEn W*￿Se parents also ty ser¥ing (m the local lyJard of trust have dEd as a result of HIVIAJDS, and also Through experferKe ofbw'ng a trust￿ of vth In tr* area of wewithjn. Katy said of her an NfJO In E¢￿ador. ltsty has set up the legal cKganisation (vra￿)therpr rce the sttart of my irmolvement zan Ecuackn.. This project trains local people with disabltities to make craft Fxoducts Orpha￿5 back in 200L rry rTh31n role has bew vthose sak pr￿ local people wilh much In supp)rting tPE children and teenaps vfrK> need￿ Inc¢xne. ve in the children's home ￿ a pracknl ILveL In recent y￿r5, and particulaty during parKlwniG tr￿S largety Itwow l*tng Ihem fjth scFx)olth l Fhy¥e aL50 IW In c(￿taCt with several of they(￿ng people fft) hahE left trE children's IK)me cyler the and tryto Supp￿ them in drfferent wFEn trwreath outts Rya numbwof years I IV￿319) served on the local board of truste￿ prvfo￿lYas the secretaryand th as trE fxestht and legal represatsfv& arKI 10 LATIN LINK SERVING IN BRITAIN AND IRELAND Alongslde 5ertJing nlembers to Latln Amerf and Spain, Latin ￿nk facilitates Latin Americans to *Ne across Britsin and Ireland. We firmly believe in the effectDEness and importantr of multi-directional mBsion. where Gcd calls and nds pEople from all nations to use theirgrfts in a cross-cultural setting. Bet￿n April 2024 March 2025, V•E had 16 members se￿￿9 tlvoughout Bntsin ar(1 Ireland in a vanety of F&ements. This year. we have been weady encouraged by how Gc has used our MeMb￿S in their local rrHrNstrES and one such example is trrough the rniThsty of Raquel ￿rna Raquel Is originally from ￿ Paulo, Brazil and is currentty seNng as a Stay meM1￿r in Chard, Somerset. Raquel works with Forefront Community Churth as their Youth and Community Wcxker. Her role allows her to directly impact the tives of young people in the church community. fostering their spiritual and personal growth. R4uel also invests time nurturing w)iritual development of Portuguese-speakiro young Fwple and children living in Ch¥d aThJ the surrounding Raquel is also passk)nate about equipptrrfJ young people to step into the story of Gc4Ys mission, This has inc[L￿d tskj'ro a group of youro r•e cn a misgon trip to Lccl FranTr In partrErship Iccal churches tlwE. EXp￿ienceS like this help promde a unique opportunty fors()ury people to engage in cross-cultural ministy through Mng aL￿Side otr£r fcllCWe￿ ofJesus, An ongoing need that the tstin Ld< team has identfted is the dwelopment of church partnerships to inspire mc churches across Britain and IreLand to consider receiwng and hosting mission workers, and to commit to suppJtng them. There is no shortage of Latin Americans, like RaqueL with a call and desire to seNe here, but there are a limited number of placements available. I kxw IKW DiyxbA é fjto INThe to rA5y A keyftjrttion of Raquel's ministry involve5 overseeing Youth Ap￿. a programme through which the gets to invest in and disaple young peopto ￿￿)UragIng tFMIto d￿pen their retationship wlth Crf)d. Trwh You can hear more IwN%<¥l( inthis Rffjuel has had from Raqud atxJut oppcyturity to e5tsblth a chris￿ Unth) httministy as a St3y In wrtrNn a local schcxA been a great ctwd Scxnwset by encourwnt to au nvol￿d and has also watthlThJ hermdeo: (Wl. cw li¥010 VA ow Iy-&mi b￿[ ottv stLxkn ANNUAL REPORT 2024-2025 11 STRIDE PROGRAMME Using individual skj'lls and giftings, Stridet5 are gw*rally based in a proiectfor between 6 and 24 months (shorter medicalelectives are available). in the shorter placementy Strida5 find that they can have a big impact- as weLla5 being greatly impacted themsel The cost of liwng continues to be a challeThJe to those wish to seNe on the Stride programme but we are thankful this *ms less of an issue than in previous years. srRIDE PROGRAMME 2024-25 Step Isee page 141 and Stiide continue to operate well together and we are pleased to see this as an effective way for people to explore a potential longer-tenn calling to mission in Latin Ame￿a, The Increasing number of applicants to the Stiide programme is encouraging, as is the fact that some Stiiders are considering lOng-te￿ *rvie. Our hoFe and Fyayer is that the programme wll cOntinl￿ to grow over trE next year. During the 2024-2025 financial year we *nt eight new Stjiders to Latin America. served in Argentina. BraziL Chile. Colombia, Ecuador a Guatemala. We have had a good mix of larKJuage sludents and health professionaL5 as well as other Read cn to hear about the experience of IMO of our Striders Joy Brixey and Nathan Phillips. 12 LATIN LINK °Mymain role was to help, supportandcol&byate as creatiwasws&ble. I ran workshops leyj projects at the schoolandusedartas a fonn of educati￿1 developrnent. lalso servedaspartoftr7e outreach team in the local church. I would recommend Str7de to anyone who is thinking about mssm. ft is a great wayto geta real taste of what teng a ini5sionary is like and to use whatevergifts Godhas given you in serwce forlim in a new setting and language. JOY'S STORY Joy Brixey completed a Stiide ptacement in Santo Domiroo. Ecuador in 2024. Joy used her studies and eXFer7er￿ in art to sUp￿rt and develop materials for ￿ projects: La Orqu rrhe Orchid), ￿lch works th adults with disalilities to help them to develop skiLL% to Itve more irKlependently.' and Vth en Abundancit? ILJ'fe in AbUrTrJa￿e} in their"skills for life", project working with children wth leamirvJ disabilitr'e& Ecuadonan Cultu￿ is veryfamily orientatedandrK)where near as indmdualistic as the UK. So. I leamta lot 3bwt how Lats'n Americans IpE in community andsupport each other. During myplacement I fett God working on myheartand rewwng Mys￿ntUal bfe.. lam more stuck into his wordand n￿reperSistent in prayer My fath has matured massively, and l fvid my5elfhawng more ofa desire to share the gospel ljoldty. Latin Link SUPFX)rted Joy on her Stiidejoumey fr(xn helping her prepare for her placement to supp￿£ in county. Joy sabd of her expaience on Stiide.. team andisupportjng ruiining tIF. youth aiid -hildren's group. Nathan lias beeri eniouraged by oppnrtLinitle5 10 p￿Y for penple IhrcJugFI the Pionielejs teediiia pruoiaimme he is Involved with.. Slreets" NATHAN'S STORY Thp prolpctl Is ainied at gvthng kids off the sLIEets and edkjcaung theiy,, aboui poqlivp. values, Lkliciviours and clttilLidcJs, a5 well a5 providlng opportunilies to share the gi)spel and being a link to tPie local ckiijrch, Tfrie footbalL club started wittri 13 c.hildren arid now ovcr 100 voung people are invi￿ved weekly. an Ips Is rom ' #aidiff, ￿lere he works as Olr)I iysioil'iéraoisi, whilsl also nriria in hie |c(.al c.IiL4rch, than felt c? call io seNe fxKJ tpntionally and c.ross culturally, >¥'liicli led l)Ivn to bLNng In rAitsct Iviih LAiin L.ii",k and rl d Stncje placeimpnl iii Salta:, gentina, in 2024 "YOLI S￿ 3101 of sirnilar faces. paili week enablps to build tru￿￿[ resulting in owrtunitEf tci pray for ItErri. Many of the5p people come with Cotnplex backgrcund5 arid are Imiig in verydifficLilt siluats'ons ar)d hearir,g tl)eir st()rits L-an challenginq. 6ecaLise of the relationshipf tha* havc been built [￿ople feel comfortable sharing with Ji s and being very open dnd tb.an. ha¢ b*yi based al San res Church In Celerino. >its. where he tEen serving ith thp iioineless Oulyeach Sfell% 5*5 o Thydy 4th* Ids(QMelYm More Ike Nrlthdn hd% dlso been asssting witki the fcK)tball club in Celprino which d yourKJ pe.lson froni the rhurrh started three. years agv wilh tlie idea of "more on Itootbaw h'eld, less on the ANNUAL REPORT 2024-2025 13 TEP PROGRAMME J Stsp is Latin Link's short-tenn mlsslon programme forteam& Step teams Sha￿ God's ￿ in a very tsngible way as they live and worf( aloThJside LatinAmericans Off￿7￿ thelr supportthrough practicaland communty-based projects eye our S+epperS Servea in ZoU-2025 4uateMAIA (olombia E¢uadoY srEP PROGRAMME 2024-25 Worf(ing clo*ly with Latsn Link's in-country Short- Tenn c(￿rdInatOrs, Step teams are assigned to a variety of projects, wth an emphasis on workirwJ in partnership wth the Iixal Latin American church. These prc4ects are very varied, ranging from evangetistic outreach wa sport or on the street; social acts'on such as building churches and feeding programmes or holiday Bible clubs for local children and youth. Step projects are arranged ￿ere Latin Link Stsy members are already working, or wth projects ttiat Our new Step Ccordinator, Jemima,joined us they have contsct with and knowAedge of. They are in August 2024 and headed up our Spring 2025 run in pathership with local churches other programme. Ateam of eight came together to non-govemment organisations, simiL3r mIss￿3n serve l(xal churches and outreach projects in objective& By always haviTh3 the bigger p￿tUre in Ecuador and ColcKnbia. mind. we erisure that Step feeds into longer-tem. sustsinable mission, arKJ that it addresses both In 2025. we are celebratr'ng 40 years of our Step physical and spiritual neeLIs. programme! hs we thank God for the iM￿t Oiat Step has had over the last 4 decades, k)th loca From Aprilto July 2024, ten Steppets finished off and persc¥w(ly for those who partripato we their placemert senring knjo projects in Guatemala. tc()k ho￿fullY to the future. as a priority for Step unChar￿tellSknCatLy for Latin LinK we did not run ary continues to be to give a broa(kr understanding teams in Summer 2024, due to us feets.ng CaL￿d to of cross-cuttural missi￿. We hope that some wait for the right changes in our staff to organise the may be insFJred to follow in the footsteps of mary programme. former StepFXS and respond to a longer-terrn calling to Latin Arnerica. LATIN LINK Bolivia 14 STEP TEAMS 2024-25 Below are some excerpts from our Step Teams. reports to give you a f L3vour of what they got up to. ,,1 A 211,'.1 'On TL• we held another of our Eng￿sh classes, th fve lads attending as well as the Pastor. We tsught a variety d bas￿ including numbers. animals, and emotiorE It was reauy cool seeiro the kKIs leaning a￿1 picking up words- we can real￿ see their txogress from the firstweek. The team was also fab at leading 1¢ t*ing it in tums to lead different parts. Some of us were able tojon the Pastor on some rKayer Msits on Wednesday. Firstwe pray&J for a retired Pastor called Francisco - we chatted for a while, sang This Is Arnazing Grace. (Grac￿ Sublime Esl and read out Psalm 139 as an encouragement. Aftera time of prayer and mugc we were asked to sing, so we sang "Abre Mis Ojos Oh Cnsto- Iopen The Eyes Of My He￿ Lordl a capella! The Pastor did a sermon as welL It was encouraging to see how God moves in so many different ways and we were reminded of the power of prayerf. ECUADOR AND COLOMBIA 2025 The semce was beyond speciaL Leading tr worship was amazing.. we got to dance, teach them ttie actions to My L￿htF￿I5e, but overall praise and glorify the Lord. After the inspiring talk we were irmted on stage for a goc(Ibye serKJ off and we got to express how gratefvl we were to the church and every single person in it for theirgenerosity, kind heartedrESS and wdcomirKJ us as part of their family. This church has blessed us in ways we couldn't imagine and we justwant to thank Gc(I for working so strorwJty arKI visiw through them. Il- After church we pw more football and basketball in the rain and then we WaE inmted to the pastorfs house where the entire church showed up to co)k for us and play games writh us which was so speck3L This night e￿ed in quite a few emotDnal goodbyes as well as the whole rwm d3￿Ing togetherto worship MUS￿ which was mostjoyous scene ever. We will forever be grateful to this church, their dedication, but mostty to Gcd. becau￿ of this opportunity he has presented us wth, how he has been wth us every step of tPE way out here has filled our hearts wth love and a passion for semng Jesus Christ.. ANNUAL REPORT 2024-2025 15 DEAF STEP TEAM F￿ mary, the idea ofa Labn Stepteam evokes Images of FEople audbi ly *orir¥J th* ralth with l(xal c(Jrmunrties. J4owever, over the past 28 ars tknise and Damd Ftrynn ve been leadiry Step teams marily comp)sed of Deaf ndwiduals from Britain and Ireland to minister specifically to Deaf communities across Bolrvia. hdud&J Deafteam m&rte5 qualrf*l as electricians. bjilders carF￿nter% and other vxations. Their skilts and Fxe5ence have WOVKl&J tangit4e e of the brtght futu￿$ ssbLe for Deaf ￿nd￿duaL* challenging misc and showcasing to the local communty that Deaf is t a barrierto athLe￿Mentand P3nsibty. The practical Fxojects dertaken by tre Deaf Stq) teams have also left a lasting FQSitve impact on Bolwian Deaf community. This rt35 included the construction of a modem three-￿oreY buildiro, aided by various Step teams which *Nes as a central hub for sharing the GcsFel am¢￿￿$t Deafcommunty and offering exFerffjse in supporting Deaf indmduals. These tangible contributions monstrate the holistic approach of all Latin Link's ogrammes which wk to address k))th spiritual and 1xac￿l needs. The (Yooiry collabyation bth&n Deaf ccmmunitres In BolivÉa and Britain arKa Irelarnfj. facilitated by Denise and Attsto, a local pastor has keen uucial to the ministFys success. The wort( d Denl*, Dwd and the Deaf Step teams seThEs as a p)we￿I testsment tolhe abl￿tieS, faith, and transfml￿￿ potential within the Deaf community, Their unwawlrKJ dedication has broLKJht taryi7 hoFe and empowenM￿t to countless lives in Latjn ￿nthca, demonstratiry that laryuage is no barrier to spreading Ihe g￿d news of the GospeL Stsrfang with a small team of six in 1997, thts initiative. known as Deaf Step. is *t to reach 100 partiapants its 10th team in 2025. impact of the* EEaf Step teams in BolNia P￿S b￿n transformative, offering hope to Deaf indmduals, their famitses. and the wder communty. In a cc￿text where Deaf individuals often face marginalisation and negatrve stereotypes, the presence of Deaf Step team rnem￿erS from Britsin and Ireland has Leen revotuticrEry. eams over theYea￿ have the VK¥ity 16 LATIN LINK Latin Link's rmbilisation team is passionate atK)ut inspirirYJ an equipping ChristiarE across Britain and Irebnd to step into the story of God's global mission throLyJh prayirKJ, gc4ro, gwing, sending and receiwng. There a￿ thr& members of the team, with the Head of Mobilisation based In Devon, the Irdand Ccordinator ba￿1 in BelfasL arKI the Scotland Coordinator in Edinkxjrgh. In kotland arKJ Ireland the Coordinators are supported by amazing teams of faithfvjl volunteers who make up the Scotland Action Group ISAGI, and Ireland Action Group IIAG). for whcwn we are extremely grateful. In 2024-25 the Mobilisat￿)n team was supported by a v¢tal and growing neI￿Ork of 26 volunteer story-sharers and mobibser5, made up of retumed Steppers and stride￿ passionate sharing their own ex￿rienCe of mission through speakiry. writing organising prayergroups, Jndraising. and representing Latin Link at events. recewe termlytraining sessions on areas such as creatwe communication. mobilisation. and integral Mi￿10n. T1￿ sessi(￿S are delivered by the mobilisation tea Communicab'ons Manager and long-term Latin Link Stay members who share what God is doing in their part of the world and inspire prayw and action! The monthty Latin Ltnk church eNews email ensureswe keep in regular contsct wf(h over 450 churches fft) are kept up to date wth inspirirKJ inteNiew irideos from former or current Step. Stnde and Stsy members, and who are intrc¥Juced to new resources and informed aExJUt forthcoming events. Scan the QR code to sKJn up for our monthly eNews for Churche. which is packed fuLL of ideas for how 5r)u can inspire your church to step further into the story of God's mission to and from Latin America, volunteers who help wth leadirg worship, creatwe prayer, and F￿vidIng delicious refreshments. In 2024-25 we hekl wondeffijl events in Glasgow, Edinburgh, Ballyclare, Antrim. Exeter arKI Winchester. events are effectwe ways of connecting with and Mobi￿sing former Steppers. Striders and current Stay Mernbe￿ and of deeFening relationship with supporters and sendirvj churches in areas we may not have had a presence in premously. It was particulaty encouraging to see firsthand impact which Jhonny Corado. a Strider from Guatemala to WincFEster, had not On￿ c the church family during hts time there, but on blessing the wider community in Winchester through the relational way in which he carried out his ministry r the past year. thanks to this amaziThJ team, Latin Link has been represented at dozens of events, includirKJ many Christian Union mission gatherings in key unwersity crties,. Keswidl Scodand and Nl gatherings.. Satellites Nalional Ycuth FestivaL' New Horizon; SPREE southwesl Bargor Worldwde Corwention; SWYM Conference.. Just Love Exeter: MAP Student MissK)ns Event.. London School of Th￿{c¥￿Y Missions EvenL All Nab'i)ns Mission Fair.. and Belfast Bible College MissDn w￿k. Our story-sharers and mobiliser5 It is a privilege to part of the growing mobibsation ministy of Latin Linl we are so thankfiJl for each and every person wkK) Offe￿ their time and tslents to bless this Mtal work of encourdging the UK church to step into the story of God's glcl)al mission. One ofthe ways in which the mobitisation team engages with churches across a wide geographical area is ty organising regional events in the forTn of Inspire txunches. or Latin AmerKan worship nights. in partr￿rshIP Mrith IcThl churches who kn.ndly hosL former Steppers, Strid￿5 or retuming Stay Mernb￿s share their eX￿rienCeS,. and supwrters or ANNUAL REPORT 2024-2025 17 FINANCIAL REVIEW 2024-2025 INTRODUCTION comply with the Code of Fundraising Practice. Fundraising staff monitor and report regularly to the trustees. Fundraising Guidelines are always provided to all volunteers who are involved in raising funds. The trustees wish to express their gratitude to all the individuals, churches. and other organisation5 who have donated funds to Latin Link and our members. We acknowledge that in the current financial situation within the UK and overseas. some supporters may be in financial difficulties and for this reason we never pressure anyone to make a gift. Our Fundraising Complaints Policy is easily accessible on our website. There have been no complaints or criticisms during the year about our fundraising activities. The financial year ending 31 March 2025 was encouraging. despite the challenging financial context. We thank God for the constant prayer and financial support we receive in these difficult times. The unrestricted income during the year was £767,87412024.' £798,751), with unrestricted expenditure being £675,968 12024: £715.180). Restricted income was £1.127,46012024'. £1,128,739) with restricted expenditure being £1,119,19412024: £1,054.2901. During the past financial year there was a net income of £100,17212024: net income of E158,0201, which has enabled us to improve our reserves within our reserves policy level. Our General Funds level increased by £86k ending the year with £264k12024'. increased by £78k ending the year with £178kl. Designated Funds have decreased by £4k 12024: increased by £5kl whilst Restricted Funds have increased by £18k12024'. increased by £74kl. Within the Restricted Funds. the Step Fund has a deficit of E31k 12024: deficit of £31k) which accumulated during 2020-22 as the Step programme was curtailed due to the pandemic. As this programme has re-emerged, we expect the deficit will reduce year on year. Our main priority is to continue to increase the numbers on our Stride programme and begin to increase the numbers on the Stay programme, in order to grow the impact of the charity's work and its long-term sustainability. FUNDRAISING Latin Link continues to receive support from some commercial participators, and we have an agreement in place with each of these. which fully complies with the Code of Fundraising Practice requirements. We do not use professional fundraisers, LOOKING FORWARD Our main objectives are.. A key priority remains increasing the numbers on our Stride and Stay programmes, as these have a direct connection to our long-term impact. One important area is improving how we inform churches and potential mission participants about the needs of our partners in Latin America and the opportunities available for those willing to serve. Latin Link is registered with the Fundraising Regulator and all our fundraising activities Continue developing our contact with UK Christians and engaging them in 18 LATIN LINK what God is doing in Latin America. with the aim of sustaining and expanding multi- directional mission. focus on generating sustainable income and capital growth through responsible and ethical investment practices. Our residential property investments continue to perform strongly with high occupancy levels delivering a reliable income stream that contributes significantly toward5 servicing our mortgage commitments. Following prior years of low returns, the recent increase in interest rates has resulted in improved performance in both our cash accounts and short-term to longer term deposits, which we think will provide a more favourable outlook for future income generation. Continue developing our church engagement strategy. Continue developing our work and impact in Latin America through our programmes. GOING CONCERN The trustees acknowledge that there are financial risks to the charity, including inflation, a possible slowdown in the UK economy, and possible repercussions from economic and political events worldwide. These could increase costs. reduce donation income and reduce rental income. The trustees have reviewed the circumstances of the charity and consider that it is a going concern and that they believe that sufficient resources are available to fund the activities for the foreseeable future. RESERVES POLICY Our reserves policy states that the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be at least equal to 25/• of expected unrestricted expenditure for the next year li.e. three months of operational costs) in order to respond to any unforeseen changes in circumstances and levels of income. This is currently calculated to be at least £175k. Free reserves at 31 March 2025 were £295k12024.' £219kl. This is within the reserves policy level and is considered adequate to meet the needs of the charity. PRINCIPAL FIJNDINC, SOURCES We do depend on the faithful support and generosity of so many Individuals, churches, and other organisations, and without this giving, we would not be able to serve God in this way, so we continue to be thankful for the Lord's faithfulness to our work. TRUSTEES, RESPONSIBILITIES IN RELATION TC) THE FINANf.IAI STATFMFNTS INVESTMENT POLICY The trustees (who are also directors of Latin Link for the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102,. the Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming Under the Memorandum and Articles of Association, the charity has the power to deposit or invest funds subject to the same conditions as trustees of a trust are permitted to do so by the Trustee Act 2000. as set out in the standard investment criteria of that Act. During the 2024-25 financial year. the trustees have continued to manage the charity s investments in accordance with it5 reserves policy and liquidity requirements. Available funds have been maintsined in readily realisable assets, with an ongoing ANNUAL REPORT 2024 2025 19 resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to.. Auditors A resolution will be proposed at the Annual General Meeting that Xeinadin Audit Limited be re-appointed as auditors to the charity for the ensuing year. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP IFRS 1021,. By order of the trustees make judgments and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the fi'nancial statements and; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are suffi'cient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companles Act 2006, The Charities Act 2011 and UK GAAP. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: Jo Jowett Chair of Trustees 11 September 2025 there is no relevant audit information of which the charitable company s auditor is unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. 20 LATIN LINK INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LATIN LINK OPINION Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotlandl Regulations 2006. BASIS FOR OPINION individually or collectively. may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least 12 months from when the We conducted our audit in financial statements are accordance with International authorised for issue. Standards on Auditing IUKI (ISAS (UKI) and applicable law. Our responsibilities and the responsibilities of the Our responsibilities under directors with respect to those standards are further described in the auditor's going concern are described in the relevant sections of this responsibilities for the audit of the financial statements report. section of our report, We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffi'cient and appropriate to provide a basis for our opinion. LONCLUSIONS RELATING TO c,niNCJ CQNCFRN We have audited the financial statements of Latin Link (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Bala nce Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The fi'nancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: OTHER INFORMATION The other information comprises the information included in the annual report, including the directors, report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. give a true and fair view of the state of the charitable company s affairs as at 31 March 2025 and of its incoming resources and application of resources for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appear5 to be materially misstated. If we identify such material have been prepared in accordance with the requirements of the Companies Act 2006. the Charities and Trustee Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. ANNUAL REPORT 2024-2025 21 inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. in respect of the following such internal control as matters in relation to which the trustees determine is the Companies Act 2006 necessary to enable the and the Charities Accounts preparation of financial (Scotland) Regulations 2006 statements that are free requires us to report to you if. from material misstatement, in our opinion.. whether due to fraud or error. adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us", or In preparing the financial statements, the directors are responsible for assessing the charity s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. We have nothing to report in this regard. OPINIONS ON OTk4ER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 the financial statements are not in agreement with the accounting records and returns; or In our opinion, based on the work undertaken in the course of our audit: • certain disclosures of directors, remuneration specified by law are not made; or the information given in the Trustees, Report, which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements,. and AUDITOR'S we have not received all the RESPONSI BI LITIES FOR information and explanations THE AU DIT OF TH E we require for our audit,. or FINANCIAL STATEMENTS the directors were not We have been appointed as entitled to prepare the auditor under section 44(Illcl financial statements in of the Charities and Trustees accordance with the small Investment (Scotlandl companies regime and Act 2005 and under the take advantage of the small Companies Act 2006 and companies exemptions in report in accordance with the preparing the directors, report Acts and relevant regulations and from the requirement to made or having effect prepare a strategic report. thereunder. RESPONSIBILITIES OF DIRECTORS the directors. report included within the Trustees, Report has been prepared in accordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION Our objectives are to obtain reasonable assurance about whether the financial Statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted As explained more fully in In the light of the knowledge the directors. responsibilities and understanding of the statement, the trustees (who charity and its environment are also the directors of obtained in the course of the the charitable company for audit, we have not identified the purposes of company material misstatements in lawl are responsible for the the directors. report included preparation of the financial with the trustees, report. statements and for being satisfied that they give a true and fair view, and for We have nothing to report 22 LATIN LINK in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. accounting estimates, possible omission of legacy debtors, revenue recognition. insuffi'cient evidence of how charitable funds are ultimately spent, presentation of separately disclosed items and management override of controts. description forms part of our auditor's report. USE OF OUR REPORT This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company s trustees. as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors. 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 charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. In response to the risks identified we designed procedures which included, but were not limited to.. challenging significant accounting estimates, reviewing all legacy correspondence, performing substantive testing on a sample of income and expenditure transactions. agreeing financial statement disclosures to underlying supporting documentation, identifying and testing journal entries. reviewing Trustees. meeting minutes and evaluating the charity's internal controls. The extent to which our procedures are capable of detecting irreg ularities, including fraud is detailed below: Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and regulations related to company. employment and financial reporting legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011. There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of We assessed the susceptibility non-compliance. Material of the company s financial misstatements that arise due statements to material to fraud can be harder to misstatement, including detect than those that arise obtaining an understanding from error as they may of how fraud might occur. involve deliberate by making enquiries of concealment or collusion. management. considering A further description of our the internal controls in place responsibilities for the audit and discussion amongst of the financial statements the engagement team. is located on the Financial We determined that the Reporting Council's website principal risks were related at.. http'.l/www.frc.org.uk/ to management bias in auditorsresponsibilities. This Miriam Hickson FCA (Senlor Statutory Auditor) for and on behalf of Xeinadln Audit Limited Chartered Accountants 5 Robin Hood Lane Sutton, Surrey SMI 2SW Dated: 11. oq. ￿75. ANNUAL REPORT 2024.2025 23 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Tot•1 2025 Tolai Fun( Funds Fundi Donattons and leg•cles.' Donatlons f* L•gxles 358.126 5.903 402 344,431 395.945 Oth•r trndlng actlvltl•s 144,736 144.736 150.188 Charlt•ble •ctrvltles Stay programme Stride programme St•p progrnmme 279.109 LOIO.487 82.636 33,935 1.127.OS8 1,289.596 82.636 33,935 L406.167 L239,876 108,115 53.366 L40L357 279.109 761,971 5.903 L127.460 L895,334 L927.490 R•lslng Funds 107.747 107,747 107,503 568,2 L119.194 1.687.415 1,661,967 y￿1•1p•ndI￿r• 675,968 L119,194 1,795.162 1769.470 Realised 94inslllosse$l 86,003 5,903 8,266 100,172 158.020 Translers between funds iio.0001 10.000 86.003 14.097) 18.266 100.172 158,020 R•coThclU•llon•ffvnth Total fvnds br¢Jught forward 178.455 L564,460 650.602 1393,517 2.235.497 FUND BALANCES CARRIED FORWMID 264.458 I,S60,363 668,868 2,493,689 2,393,517 The statement of finan¢ial xtivities ir￿ludeS all galns and losses In the year. All knc¢)me expenditure derlve from continuin9 activities. 24 LATIN LINK BALANCE SHEET AT 31 MARCH 2025 COMPANY REGISTRATION NUMBEL. 2811525 2025 2024 Tangible A55ets Inve$lment Property Investment 334.454 1900.000 50.018 1284.472 544,595 L900.000 50,018 2.294,613 GJrMn1￿mts Stock Debtors Cash at bank and in hand 584 198.655 858.643 L057.882 180 282,391 686,971 969,542 CuTh•nt LknblU# Cr¢dltors falllng du• wlthln one y••r 143.623 143.623 Iso,oio 150.010 914,259 819,532 Tolal Aw•ts l•N U•blllll 3.198,731 3,114.14S Creditors falling due after more than one year 705.042 720,628 N•tA#Mts 2.493.689 2,393,517 Th•fvnthrfth•th¥ Aestrlcted Income fund$ Unre5trlcted income fund$'. 668.868 650,602 Deslgnated General 1,560,363 264,458 L564.460 178.4S5 Ilnciudlng revalujtlon reserve of £689,313) L824,821 1.741915 Tolal ch*ltyfvn 2,493.689 2,595.517 The note5 on the following pages fomi part of these accounts. Approved by the Board on 11 September 2025 and signed on its behalf by.. JOJ Dlrnctor •nd Clwlrof th•TYu•t• ANNUAL REPORT 2024-2025 25 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 th uxd kn cywatlng •ctMtI Surplus from ordlnary activitles Adjustments for.. Depreclatlon charges Mortgage Interest pald Dlvldend5, Interest and rents from Investment5 Ilncreasel I decrease In stock Decrease I (I￿reaSe} In debtor$ (Decrease) l increase In credltors lex¢ludln9 mortgage) 100.172 158,020 IL514 47,750 1144,0561 14041 83,736 19.5501 IL726 45,856 1130,0281 220 1103,9681 IL273 N•t prthld•d l (ui•d) In Op•1•￿A9 •¢tlvlll 89,162 16,9011 C4th knrtfrom Inv•sUng actMtla• Dfvldend5, Interest and rents from Investments Purchase of flxed assets 144,056 11.3731 130,028 (7451 N•t probld•d ty In¥uUng •ctMtI 142.683 129.283 IlowA Irom fln•n¢lng •dl¥ltl•i Repaym•nt ol borrowlng Interest pald 112,4231 147,7501 113,1201 145,8561 N•t umd In flmndng Kilvltl 160.1731 158,9761 IrKr•u• In cath and c•th •qutvai•nts In th• y•w 171,672 63,406 Cash and cash equlvalents at the beglnnlng ol the year 686,971 623.565 C•th Ind •qthi•nts at th• •nd ol th• >••r 858,643 686.971 111 An•Ws of Ch•ng•s In N•t C•thl(D• Atl*•r 2024 AtUM¥ 2025 non-e*ih th•n Cash at bank and In hand 686,971 117,9341 20.6281 151591) 171,672 13,1631 15.586 184.095 858,643 12L0971 1705.0421 132.504 Bank loans falllng due wlthln one year Bank loan5 falllng due In more than one year Total N•t C￿h1t•l •wdluM 91,727 176.119 L484.331 26.965 16.020 L795,162 L769.470 6 NEf INCOMVIEXPENDITURE) FOR THE YEAR Th1515 stated after char9ingllcreditingl the followlng.. 2024 Depreclatlon Operatin9 leas• rentals.. offlce •qulpment Auditors. remuneratSon for audit 5ervice5 Auditors, remuneratlon for other servlces 11.514 6,150 9,340 4.476 IL726 960 8.300 7 TAUTION The charitable activities of the company are exempt from Corporatlon Tax. 30 LATIN LINK 8 srAFFINFORMATIC•I Stsfl ¢t)sts wereas fouow 2024 l*i•s Soclalsecurity cosis Penslon costs 686.2n 28,960 3L484 746.715 629.007 23.090 30.829 682.926 No employee rec•lv•d •molum*nts of more than £60,000 durlng th• current or pr•vlous y••r. The trustees conslder m•mb•rs ot thé Lèadership Team. as dlsclosed elsewhere In these accounts. to be the key management personnel. The totol emknr's cost tor th•&• Stsff whlch Includes gross salayles. pensions and employw's NIC15 durlng the y•ar £99.63512024'. £93,175). R¢latlve5 01 the key management p•rsonn•l w•r• pald É4L858 durln9 the year12024'. £39.1531. The average number of *mpioyees durlng the year. calculated on th ￿S1$ ol fvll tlm• •qulval•nt$. w•$ as foliowg.. 202S Chafltable actfvlt4es Office and admln15tratk+n 20 30 27 The average numb•r of •mploy••s durlng the year. calculated on the basls of head¢oun( w4$ 4$ follows: Charltable acllvltle5 Offlce and admlnlstratlon 24 14 21 38 56 The ¢harlty contlnues to make an ex-gratla payment to top-up memb•rs' pension& In Il¢u of Inadequate penslon pr¢)vlslon for EUSA m•mb•rs who started serving before 1980. Thls ye•T 14 members recelved these payments12024: 141. ANNUAL REPORT 2024-2025 31 9 TANGIBLE FIXEDASSEfs Eq￿Pffl￿t Tot•1 At i Aprll 2024 Disposals Addlllons 426.645 19.196 445.841 L373 L373 At 31 March 2025 426.645 20,569 447.214 At l Aprll 2024 Dlsposals Charge for the year 9L040 10.206 101,246 7.366 4,148 IL514 At 31 March 2025 98,406 14,554 112,760 N•t BcA*V•iu• At 31 Mar¢h 2025 328.259 6.215 334.454 At 31 March 2024 335,605 344,595 Th•se ass•ts ar• all us•d to support all ol the charftys actlvlties. 10 INVEsfMEKf PROPEKrY Brought forward Dlsposals Addltlons Revaluatlon L900.000 1.900.000 L900.000 1.900,000 The property Is measured al falr value a5 advised by Lawson Mann Property Consultants. vA)o are Independenl chartered sur4eyors. The valuatlon took place In August 2016. and has been updated by the trust•e5 slnce. 32 LATIN LINK INVESTMEKrs UK holdlrds Total ljondi At l Aprll 2024 At 31 March 2025 50,000 50.000 18 18 50,018 50,018 At l Aprll 2024 At 31 March 2025 50,000 50.000 18 18 50.018 50.018 In¢ome tax re¢overpble Other debtors Prepayment5 Incorne recelvable 17.4S4 7.567 19,672 153,942 13,634 7.110 16.991 2H.656 198,655 281391 15 CREDrrcRS: &lMOUNTS FAWMG MWITHIN ONEYEAR Taxatlon and 50clal securlty Mortgage Other £redltor$ Deferred Income A¢¢ruals 23,096 2L097 85,095 B7S 13,460 2L512 17.934 103.052 1,625 5,887 143.623 150,010 ANNUAL REPORT 2024-2025 33 14 CREDrroRS: AMoup¥fs FAWNG DUE IFfER MQREThAN ONE YEAR 2024 Mortgage 705.042 705.042 720.628 720,628 Due wlthln 1-2 years Due wlthln 2 -5 years .$86 SL125 658,331 705,042 13.976 48,493 658.159 720,628 Due in more than 5 year5 Included wlthln Credltor5 In notes 13 and 14 abc>ve Is a mortgage orlglnally of £825.000 whlch wa5 Used to redevelop the premlses. The mortgage Is secured on freehold property which represented 16% of the v4lu• of the proFwty when It was fully r•d•velop8d. The io•n bs fully r•payabl• In 30 years. Interest 1$ currently Charged at 6.20%. 15 MOVEMEPn 14 FUNDS At iAprfl 2024 G•ln• & R••￿thd fvnd Individual projects and personnel lunds Step Stride Dlsadvantsged chlldren Peru Cochabamba 422,640 130,7081 37,113 115.188 7S.000 3L369 LOIO.889 33,935 82,636 1988.2301 144,k541 186,8101 232 10,000 445.531 130,9271 32,939 114.956 75.000 3L369 12321 650.602 L127.460 IL119.1941 io.ooo 668,868 uThr•rt￿ fvndi: Deslgnated penslon lunds D•slgnat•d •ducatlon lund Deslgnated capltal fvnd Deslgnated members, excess SUPPOrt lund Deslgnated launch fund Designated mlsslon fund Deslgnated SFM 1% fund General Funds 60 2.751 L360,024 2,751 1.360,024 8.762 124.606 18.606 49.651 178.455 8.762 124,606 18,606 45,554 264.458 5.9D3 76L9n iio.0001 1675.9681 1,742.915 767.874 1675,9681 iio.0001 1,824.821 Total fund• 2,393.517 L895,334 11,795,162) 2,493.689 34 LATIN LINK 15 MOVEMEiifsiN FUNDS (ccwnNUEDI Indiwidual piolects and personnel fun¢Js 350.577 145J27) 34.327 119.807 75,000 4L569 967.258 53.366 108.115 1895.1951 149.147) 1109.9481 422.640 130.7081 10200 4,619 14,6191 Strf¢Je Dls•th•ntag¢d ¢hlldr¢n Peru 115,188 75.000 3L369 Co¢h•bornb 110,ZDOI 576,153 U28,739 IL054.2901 650.602 Desi9n•t¥d pension lunds De5i9nated education fuThJ De51gnated capltsl fund De51gnated members, ¢xc¢is support fund Deilgnat•d launch lund DeS￿nated mknsion fun Deslgnatsd SFM 1% General Funds 60 2.751 1360,024 2,751 L360,024 8.762 124,606 18,606 44,127 100.408 8,762 J24,606 18.606 49,651 178.455 *524 793,227 1715.1801 1,65>J44 798.751 Ins.1801 L741915 Tol•lfvnts 2,235,497 1927.490 IL769,4701 2,393.517 ANNUAL REPORT 2024-2025 35 15 MOVEM￿ IN FUNDS KOPrnIWED) Indmdual projects and personnel lunds.. Funds r•lsed to provlde flnanclal support for projects and mlsslon partners In Latln Amerlca and In Brltaln & Ireland. The transfer of £232 from the D15advanlaged ChiLdren Fund was to support a project dedicated to assisting children wtrbj have been )oned because ol AIDS.12024'. no tran5fersl. Step lund.. Funds used for the 5hort-term Step progr?rnrne. The trjnsfer of £10,000 from the de5iynJtEd SFM 1% fund w45 to rneet the restrlde(I expendlture that Is not covered by future Income for thls lund 12024: The transler of £10.200 from the Cochabamba fund was lor the Deaf STEP ieam In cO¢ha￿￿1}I. Bolffjvla. to 5UPPQrt ¢hurch bybldln9 WQTk fora Boilv*n churrh serviny the deaf ¢ornmunltyl. Strlde tund.. For the short.term Stride programme. The transfer of £4.619 from the d15advantsged ehlldren fund in 2024 wa5 to support a Strlder worklng with disadvantaged chlidren In Ecuador. Dlsadvantaged chlldren.. Funds used to help dlsadvanlaged chlldren In South Amerka In accordance wlth the Wlll of a legator. Peru.. Funds us•d lorwork In Peru In accordanc• wlth th• Wlll of a l•gator. Co¢h•b4mb•.' Funds u$•d lor work In Co¢h4b•mW 8ollvb•. In •¢¢ordan¢* wlth th• Wlll ol • l•g•tor. pu￿ of D•*Ml•d Fundi Penslon5 fund.- For the beneflt of personnel on attalnlng thelr rK>rrnal rellrement age. Educatlon fund.. Provlslon of flnanclal asslstance for the educatlon of seNlng team members, teenage chlldren. Capltal fund.. Funds set asld• for the Ir•ehold property and olllce •qulpm•nt. Members. exceu support lund.. Provlslon of flnanclal •Mlstance to be nomlnated by th￿e memberi towirds thelr car. educatlon, penslon, houslng, personal 5UPPOrt or mlnlstry. Any element5 uncl?Inied by members are un-deslgnated and returned to General Fund. Launch fund.. Set aslde to provlde for the start-up and seltlSng-In c05t5 of new members on th* Stay programme. Mlsslon fvnd.. Funds sel aside to enable th¢ charlly to aCt￿elY prepare for the fLrtur• In th¢ changlng world tsf m1$51on$. SFM X fvnd.. Funds set aslde to support 5trugglln9 mernber5. 36 LATIN LINK 16 ANPLYSIS OF NE[￿￿[5 BEfwEEN FUNDS 2025 T¢Xal Fun Fwjds T•nglble fixed assets Flxed Asset Investment Investm•nts Bank Other cu￿nt assets Current liabilities Long-term Liabllltles 334.454 L900.000 334.454 L900.000 50.018 858.643 199.239 1143,6231 (70S,0421 50.018 137,727 199.239 U215261 52.048 668,868 12L097) (705.0421 Net Assets at 31 March 202S 264.458 L560.563 668.868 2,493,689 Total Fun Funth Fundi Tangible flxed assets Flxed Asset Investment Investments Bank Othèr ¢uirènt a$sets Current11)bllStl•$ Long-term Llabllltles 344.595 L900.000 344.595 1,900.000 50.018 686.971 282.571 1150,0101 [720.6281 50.018 122.0581 282.571 1132,0761 58,427 650,602 117,9341 (720.6281 Net Assets at 31 March 2024 178,45S 1.564.460 650.602 2.393.517 17 PENSIC*4 SCHEME The cost lo the Charlly of providln9 penslon and death In seviSce be￿fill duriThJ the year ended 31 March 2025 was as follow$: 2025 2024 P￿ments wlth respect to current staff Payments wlth respect to team membeTS currentty serving overseas 31.483 87,928 50.829 81780 119.4ll 113.609 18 OPERATIMG LEASECOMMrrMENTS The total fijture amounts payable In respect of operating leases shown below are analysed according to the explry of the l•Jses. Hire of planl and machlnery wr(hin oneyear Between one and INe years: 922 5,227 6,149 960 960 ANNUAL REPORT 2024-2025 37 No remuneratbn was pald to the Trustees during theyearl2024.. £nii). ExFensesofE483 for l¥avel were paid to 3 trustees (kjring theyear12024.' £384to 2 tru#eesl. Tru$teÈs' Ind•mnlty Insurnnc• costlng £2.03612024'. £L742) and trusiees, tralning costing £5812024: £niU were paid by t Charity. 20 RELATED PAKllES There were no related paty transxtions durlrrfj the ￿ar. except Js dl$¢105ed In Notes 8 Ep 19. 21 PWOR YEAR COMPARAT Total Funth Fundi Donatlons and legacies: Donallons & Legacles 381822 5.524 395.945 Oth•r trjding xtMti•s 150,188 150,188 Stay prograrnme Stride programme St•p progr)mme 280.217 959.659 108,115 53.366 1259,876 108,115 51566 T+)i*llneom Ind Indo 793.227 5,524 L128,759 L927.490 Ewdlium ¢n: Ralslng Funds 107,503 107,$03 607,677 L054,290 L66L967 Tot•L•xp•ndMurn 71S.180 L054,290 1769,470 Reali5ed gains111055e51 78.047 5,524 74,449 158.020 Transfers btheen funds 78.047 5,524 74,449 158.020 38 LATIN LINK ANNUAL REPORT 2024-2025 39 STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The trustees seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body and look to achieve a balance of expertise and experience. In the event of particular skills being lost due to retirement, individuals are approached to offer themselves for election to the trustee board. ORGANISATION The organisation is a charitable company limited by guarantee. incorporated on 21 April 1993 and registered as a charity on 12 May 1993. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The board of trustees. whose number is unlimited. administers the charity. The board meets five times per year to review strategy and performance and to set the operating plans and budgets. They are assisted by a number of Action Groups.. Link (serving former charity members) Finance Regional groups in Ireland and Scotland TRUSTEE INDUCTION AND TRAINING Prior to appointment a substantial proportion of trustees are already familiar with the practical work of the charity, having either served abroad or at home in one of its activities. New trustees are given relevant information from the various Charity Commission publications, copies of the charity s Memorandum and Articles and International Handbook, and the latest financial statements, and are encouraged to attend relevant public courses as available. The Action Groups comprise trustees and other individuals, and operate under specific terms of reference that delegate certain functions from the trustee board. Each Action Group has its decisions ratified by the trustee board. A Chief Executive known as the Team Leader is appointed by the trustees and has delegated authority over the day to day operations, including programmes, publicity, employment and financial administration. The Team Leader is assisted by the Leadership Team, who are listed on page 42. RECRUITMENT AND APPOINTMENT OF DIRECTORS The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Executive, which is the management committee of the charity. Executive membership is determined by the trustees and under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of three years, after which they must be re-elected at the next Annual General Meeting. IATIN LINK The pay for the Leadership Team is reviewed annually. with changes considered by the Finance Committee and approved by the trustees. When setting the pay for this group primary consideration is given to equivalent roles in other similar-sized charities. RISK MANAGEMENT mission scene in the UK and Latin America. Dealing with these issues is a key part of the strategic development plan. The charity has a risk management strategy involving an annual rolling review and update by the trustees of identified operational, personnel, financial, reputation and strategic risks. As trustees, we are satisfied that appropriate systems and procedures are in place to monitor, manage and where appropriate mitigate Latin Link Britain and Ireland's exposure to the major risks identified by our risk register. The challenges that face the charity at the moment are to make sure that it is are in a sustainable position for the future and then to position ourselves correctly to adapt to the changing PUBLIC BENEFIT The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefi't, when reviewing the aims and objectives and in planning for future activities. I n pa rticular, the trustees have considered how planned activities will contribute to the aims and objectives they have set. VOLUNTEERS Latin Link continues to benefit from committed people who are willing to give their time to help the work of the charity. This ranges from those serving on the Action Groups to helping with office administration, office maintenance, catering and representing Latin Link at public events. ANNUAI. REPORT 2024-2025 41 ADMINISTRATIVE DETAILS LEADERSHIP TEAM DIRECTORS AND TRUSTEES Terry Lockyer Team Leader I CEO The directors of the charitable company are its trustees for the purpose of charity law and those serving during the year and since the year end were as follows.. Jo Jowett (Chairl Richard Stainton Iterm ended 09124) Evan Winter Ivan Neira John Harris (Treasurer) Charles Douglas Nicole Gleghorne Nick Addo (joined 091241 Esther Stansfield Head of Mobilisation Simone Lockyer Head of Programmes Kathle Davis-Bater Head of Central Services and HR CHARITY DETAILS Charity number: 1020826 and in Scotland SC052161 Company number: 2811525 Registered office and 87 London Street, operational address: Reading, Berkshire RGI 4QA Auditors: Xeinadin Audit Limited. 5 Robin Hood Lane, Sutton, SMI 2SW Sollcltors: Anthony Collins, 134 Edmund Street, Birmingham, B3 2ES Mark Ma￿n Employment Law Ltd, Unrf(3 Mallusk Enterpri* Parl Mallusk Drive Newtownabbey, BT36 4GN Bankers: Bank of Scotland. West End Office, St James, Gate, 14-16 Cockspur Street, London, SWIY 5BL Working Names: Latin Link also operates under the working names of Latin Link Britain and Ireland, Latin Link B&1, Latin Link Ireland, Latin Link Scotland. and Latin Partners 42 LATIN LINK ANNUAL REPORT 2024-2025 43 LATIN LINK England and Wales tel.. +44101118 957 7100 email.. info@latinlink.org.uk web.. latinlink.org.uk Ireland tel: +4410)7736 033253 email.. 1reland@latinlink.org.uk Scotland tel: +441017739 554381 email.. scotland@latinlink.org.uk Reglstered office: 87 London Street, Reading RGI 4QA Latin Link is a company limited by guarantee, registered in England 2811525. Registered charity no. 1020826 and in Scotland, registered charity no. SC052161. Reglstered with FR FUNDRAISING REGULATOR t] Latin Link COMMIJN17Y VIIIH A CALLING