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2023-09-30-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

LATIN IBERIAN MISSIONS TRUST

CHARITY REGISTRATION No. 1069034

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

LATIN IBERIAN MISSIONS TRUST

CONTENTS Page 3 Legal and Administrative Information. Pages 4 to 5 Trustees' Report. Page 6 Independent Examiner's Report on the accounts. Page 7 Statement of Receipts and Payments. Page 8 Statement of Assets and Liabilities. Page 9 Notes to the Accounts.

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LATIN IBERIAN MISSIONS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

TRUSTEES WHO SERVED DURING THE YEAR

GOVERNING INSTRUMENT

1069034 1st October 2022 30th September 2023 Heather Jane Ford Angus Robin Cleaver Karin Ida-Christine Cleaver Andrew Philip Henderson Brian Anthony Cleaver Carol Wyatt David Mcilroy MA TRUST DEED DATED 1 FEBRUARY 1998

OBJECTS

FOR SUCH CHARITABLE PURPOSES AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING THE PROVISION OF FINANCIAL SUPPORT FOR TRAINING PLACEMENT LIVING EXPENSES AND WORKING EXPENSES OF CHRISTIAN MISSIONARIES WORKING IN LATIN AMERICA, PORTUGAL AND SPAIN AMONGST THOSE WHO HAVE NEED BY REASON OF THEIR YOUTH AGE INFIRMITY OR SICKNESS BOTH PHYSICAL AND SPIRITUAL OR WHO ARE IN NECESSITOUS CIRCUMSTANCES.

REGISTERED ADDRESS

20 Lynmouth Road Perivale Greenford London UB6 7HP

PRIMARY BANKERS

INDEPENDENT EXAMINER

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

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LATIN IBERIAN MISSIONS TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2023

The trustees submit their report on the accounts of the Latin Iberian Missions Trust (registered charity number 1069034) for the year ended 30th September 2023.

PRINCIPLE ACTIVITIES

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.

Trustees serving from 1st October 2022 to the date of approval of the accounts (unless otherwise stated) were:

During the period to 30th September 2023 income of £29,257 was received by the charity. The trustees in respect of this period have distributed grants and donations totalling £22,531 (2022 - £26,850) in furtherance of the Fund’s objectives and as detailed on page 3.

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 taxefficient 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.

TRUSTEE APPOINTMENT

Recruitment and appointment of new trustees is undertaken by the chairman, in consultation with existing Trustees and the Secretary.

RESERVES POLICY

Reserves are subject to regular review, and are intended to provide for at least six months’ commitments following a catastrophic loss of regular income. During this period, efforts would be made to replace the lost income. At 30th September 2023, reserves were £19,767, sufficient to cover approximately six months of expenditure at the level incurred in this financial year, therefore the policy was being complied with.

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LAIIN IBEWI PAISSIONS IRUST TRUSIEES REPO￿￿<￿1￿￿dj FOR THE YEAR ENDED 30Th SEP7EMBEIt 2023 ObElth•coUisètsftbÈwi. th•TvustW459UPPQrting twom￿s1O￿￿e5wC￿klry in ￿d￿Stl¥lL￿¢1L￿I￿ m4king conrribuDor¥ tothwT£yntIn￿1￿9 athalundifftg thuieh4tti¥iti•s.Th•b•nelKi4rieswcrkwth¥ petylB. bTr•fit uirtmnts. Thèchlrtyackncw￿a9e￿ItsrVquirqM￿ntr0￿im￿X￿tg￿lQlrf￿th￿trtmLlhl¥llrh1rI￿Ib18 Purpos￿Or 41rn$.￿1￿rOl￿thEPUb1i￿b¢n￿r0o￿aik howtTrKrych&ityh4t&Ch￿W•d thI54Mpr￿ld¢d In th¢TnJ¢e¥￿Drt.Th2Tnrnte￿B E￿Il￿rnt￿￿tW￿￿P1ld du•Mg4rdtO￿Chp1Ity Nowpyd$kÈ hawb••n un&ertèk•nduring perKyJ. nUton¥en¥Ts￿9￿. ThpCN?Dtie6AGt2011 wuirotstruÉt￿ÈIapmPI1frI￿anc1￿I8t•Ierne￿ts1ryeèCh¥inaftr￿l I￿￿￿till￿￿t0￿￿￿ttthttW¥tQ rtiwuired to.. s@¢¢t6itsbl•ac5LlI￿ dthe trusl. Thty arè 4.so r•%p<Jn•bh lar ulqguirdin9 the D￿Et5 jnd t&kin9 raastsi•bl• stp& lor the PT4¥WItiLY and d&￿tIL￿ OF fraJd ind oth•riThe9ularitiM. )pr￿￿ bytheTruste0k￿.................................... t45AThÉrfL ttYtD gntrj o￿the￿beh@￿bY...................__.-..-.-....- .. gnature..

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

Report to the trustees/members of Latin Iberian Missions Trust on the accounts for the year ended 30th September 2023 set out on pages 7 to 9.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 130 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Lomax Pavey Independent Examiners Ltd Unit 2

The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

17th July 202417th July 2023

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LATIN IBERIAN MISSIONS TRUST

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

Notes
RECEIPTS :
Voluntary Income
2
TOTAL RECEIPTS
PAYMENTS :
Cost of Charitable Activities
3a
Governance Costs
3b
TOTAL PAYMENTS
NET RECEIPTS/(PAYMENTS)
Cash funds last year end
CASH FUNDS THIS YEAR END		 Unrestricted
Designated
Total
Total
Funds
Funds
2023
2022
£
£
£
£
28,657
600
29,257
17,552
28,657
600
29,257
17,552
21,931
600
22,531
26,850
898
0
898
1,178
22,829
600
23,429
28,028
5,827
0
5,827
-10,477
13,940
0
13,940
24,417
19,767
0
19,767
13,940

The notes on page 9 form part of these accounts.

All operations are continuing operations.

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LAIIN IBEft￿ MISSIONS IRUST STATEMENT OFAS$EfJ AND LIABILMES FOR THE YEAR ENDED 3QTh SEMMBER 2023 Dwnatéd NrAes Furd C¥fC4¥hAc¢ount alGddAccJJnt 8.893 &893 lQ873 19.?07 19,767 13.940 UADIUrnS kndeD?ndeDtE¥•mlr￿r￿Fe￿ 600 600 ooo Cb?rtyLwiw1AreFYTruÈtatttprtpa￿finattcr4IÈtdttMOrrt￿f￿r4&Chrinlfft¢￿11 wrwhich CLyDptywith there9Lqothxs set¢UT ifithe Ch4ritiesJ%t 2011. The to tarfg advant39e d the p￿510￿5 that appty tQ Smèll artd havc piepéTed a Recvgts 4nd Pl￿ne￿I$ AC&<￿ntir￿S.￿1emer￿Qf>4￿tsè{￿ Liabill￿e￿WhICb6fes¥tQU1Qn p?ge5 land 8. Apprtwèd bythB TruÈtBeEtrI.--.- Si9n& onthE¥behvWby.. Signature..

LATIN IBERIAN MISSIONS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.

2. RECEIPTS
Voluntary Income
General Donations
Bank Interest
Gift Aid Tax Reclaim		 Unrestricted
Designated
Total
Total
Funds
Funds
2023
2022
£
£
£
£
24,770
600
25,370
14,729
171
0
171
23
3,716
0
3,716
2,799
28,657
600
29,257
17,552
3. PAYMENTS
a) Cost of Charitable Activities
Beneficiaries' Missional Grants
Beneficiaries' Missional Expenses
Pension Contributions
Designated Donation
Travel
b) Governance Costs
Independent Examiner Fees
Bank Charges
Accountancy Fees
ICO Fee		 Unrestricted
Designated
Total
Total
Funds
Funds
2023
2022
£
£
£
£
13,800
0
13,800
13,800
747
0
747
4,945
7,385
0
7,385
7,401
0
600
600
600
0
0
0
105
21,931
600
22,531
26,850
600
0
600
822
60
0
60
90
203
0
203
266
35
0
35
0
898
0
898
1,178

4. RESTRICTED FUNDS

There were no restricted funds in this financial year.

5. PAYMENTS TO TRUSTEES

No payments were made to trustees or any persons connected with them during this financial period, other than reimbursement for small items paid for on behalf of the Charity. No other material transaction took place between the organisation and a trustee or any person connected with them.

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