DocuSign Envelope ID: FE734964-F51E-42E9-A8DF-D76A273B0E53
LATIN IBERIAN MISSIONS TRUST
Registered Charity Number: 1069034
REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS
Year ended 30th September 2021
DocuSign Envelope ID: FE734964-F51E-42E9-A8DF-D76A273B0E53 LATIN IBERIAN MISSIONS TRUST
REPORT AND INDEPENDENTLY EXAMINED ACCOUNTS - YEAR ENDED 30TH SEPTEMBER 2021
| Contents Report of the trustees Receipts and payments account Statement of assets and liabilities Grants and donations Independent examiner's report |
Page |
|---|---|
| 1-2. 3. 4. 5. 6. |
DocuSign Envelope ID: FE734964-F51E-42E9-A8DF-D76A273B0E53
LATIN IBERIAN MISSIONS TRUST
Page 1.
REPORT OF THE TRUSTEES
The trustees submit their report on the accounts of the Latin Iberian Missions Trust (registered charity number 1069034) for the year ended 30th September 2021.
Principal Activities
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The Trust was created by Deed on 1st February 1998, with a supplemental deed expanding the geographical area in which the missionaries being supported by the trust work being notified to the Charity Commission in November 2019.
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Trustees serving from 1st October 2020 to the date of approval of the accounts (unless otherwise stated) were:
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A. R. Cleaver
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B. A. Cleaver
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C. Wyatt
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D. T. McIlroy
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K. I. Cleaver
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A.P. Henderson
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H. J. Ford (Secretary)
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During the period to 30th September 2021 income of £31,873 was received by the charity. The trustees in respect of this period have distributed grants and donations totalling £27,593 (2020 - £55,533) in furtherance of the Fund's objectives and as detailed in note 1 on page 5.
Aims and Objectives
The main aim of the Trust is to support missionaries training for, and working in, Latin America, Portugal and Spain. Financial assistance is provided for working and living expenses, travel costs and training fees.
Policies
The trustees request that they receive regular reports and prayer letters from the beneficiaries, so that their grants and prayer support are known to be relevant and up-to-date.
The trustees seek to make the work of the Trust, and its beneficiaries, known amongst supporters and potential supporters in the UK.
The principal source of funds are personal contacts of the beneficiaries, and the Trustees seek to ensure that they are encouraged to give in a tax efficient manner.
The Trustees review the Trust's commitments in relation to its income, with the intention that all current commitments can be met from current levels of income.
Recruitment and appointment of new trustees is undertaken by the chairman, in consultation with existing Trustees and the Secretary.
Reserves are subject to regular review, and are intended to provide for at least 6 months' commitments following a catastrophic loss of regular income. During this period, efforts would be made to replace the lost income. At 30th September 2021 reserves were £24,417, sufficient to cover approximately 10 months of expenditure at the level incurred in this financial year, therefore the policy was being complied with.
DocuSign Envelope ID: FE734964-F51E-42E9-A8DF-D76A273B0E53
LATIN IBERIAN MISSIONS TRUST
Page 2.
REPORT OF THE TRUSTEES (continued)
Activities and Achievements
Over the course of the year, the Trust was supporting two missionaries working in Portugal: Adrian and Judith Stewart, including making contributions to their continuing training and funding church activities. The beneficiaries work with a wide range of people, thus meeting the public benefit requirements.
The Trust's office address is:
20 Lynmouth Road Perivale London UB6 7HP
The trust's independent examination has been carried out by Richard Hill of Griffin Stone Moscrop & Co. Chartered Accountants, 21 Lamb's Conduit Street, London, WC1N 3GS.
Approved by the trustees and signed on their behalf by:
Heather Ford - Trustee
Date: 16 July 2022
DocuSign Envelope ID: FE734964-F51E-42E9-A8DF-D76A273B0E53
LATIN IBERIAN MISSIONS TRUST
Page 3.
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH SEPTEMBER 2021
| £ £ Balance at bank, 1st October 2020 Bank accounts 21,286 21,286 Add :Income Voluntary Income 29,806 Tax repayments 2,065 Interest received gross 2 31,873 Deduct :Expenditure Grants and donations 27,593 Governance costs 962 Office expenses 187 (28,742) Net incoming/(outgoing) resources for the year 3,131 Balance at bank, 30th September 2021 Bank accounts 24,417 All of the above relates to the unrestricted general fund. 2021 |
£ £ 23,949 23,949 45,786 8,017 19 53,822 55,533 905 47 (56,485) (2,663) 21,286 2020 |
£ £ 23,949 23,949 45,786 8,017 19 53,822 55,533 905 47 (56,485) (2,663) 21,286 2020 |
|---|---|---|
| 23,949 53,822 |
||
| (56,485) | ||
| (2,663) | ||
| 21,286 | ||
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Page 4
LATIN IBERIAN MISSIONS TRUST
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STATEMENT OF ASSETS AND LIABILITIES
AS AT 30TH SEPTEMBER 2021
----- Start of picture text -----
2021 2020
£ £ £ £
Monetary assets
Cash at bank 24,417 21,286
Debtors
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Tax to reclam on donations given under 1,370
gift aid
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1,370
Liability
Independent examination fees 882 840
882 840
----- End of picture text -----
The above relate to the unrestricted general fund.
Approved by the trustees and signed on their behalf by:
Heather Ford - Trustee Date: 16 July 2022
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LATIN IBERIAN MISSIONS TRUST Page 5
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NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2021
| 1. Grants and Donations Expenditure Beneficiaries' General Expenses Beneficiaries' Car & Travel Beneficiaries' Relocation Costs Pension Contributions Projects 2. Governance Costs Information Commissioner Independent Examiner's Remuneration Bank Charges |
2021 2020 £ £ 16,166 16,011 811 1,637 3,231 30,000 7,385 7,385 - 500 |
|---|---|
| 27,593 55,533 |
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| 2021 2020 35 35 840 810 87 60 |
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| 962 905 |
DocuSign Envelope ID: FE734964-F51E-42E9-A8DF-D76A273B0E53
Page 6.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LATIN IBERIAN MISSIONS TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30th September 2021 which are set out on pages 3-5.
Responsibilities and Basis of Report
The charity's trustees are responsible for the preparation of the accounts in accordances with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Comission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Richard Hill FCA Griffin Stone Moscrop & Co Chartered Accountants Date:
21-27 Lamb's Conduit Street London WC1N 3GS 18/7/2022