ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
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
CHARITY NUMBER 1069034 START OF FINANCIAL YEAR 1st October 2023 END OF FINANCIAL YEAR 30th September 2024 TRUSTEES WHO SERVED DURING THE YEAR H J Ford A R Cleaver Karin Ida-Christine Cleaver (Resigned 05.07.2023) A P Henderson Brian Anthony Cleaver (Resigned 05.07.2023) C Wyatt D T McIlroy MA R Talbot (Appointed 16.02.2024) A Talbot (Appointed 16.02.2024) GOVERNING INSTRUMENT TRUST DEED DATED 1 FEBRUARY 1998. as amended on 23 Nov 2019 as amended on 23 Nov 2019 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
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ
INDEPENDENT EXAMINER
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 2024
The trustees submit their report on the accounts of the Latin Iberian Missions Trust (registered charity number 1069034) for the year ended 30th September 2024.
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 2023 to the date of approval of the accounts (unless otherwise stated) were:
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A. R. Cleaver
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H. J. Ford (Secretary)
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A. P. Henderson
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D. T. McIlroy
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A. Talbot
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R. Talbot
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C. Wyatt
Financial Review
During the period to 30th September 2024 income of £26,887 (2023 - £29,257) was received by the charity. The trustees in respect of this period have distributed grants and donations totalling £24,378 (2023 - £23,429) in furtherance of the Fund’s objectives and as detailed in note 3 on page 9.
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 Secretary, in consultation with existing Trustees.
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 2024, reserves were £20,153, 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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LATIN IBERIAN MSSIONS TrUST TRUSTEES REPORT{continu•d) FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Overthecour5e of rheyear...he Trustvias Ser[l9 tWOrni59CVane5 wixkry in F¢9a.. kn•an anol S:ewa¢ makiTh9 contributJOnS totheircont."nuing and fur.oinq ¢urCh aC7tres.Trebe7e%i-iarneS i+h a wi4e-a-.qe of peDpie. Ihvs meetiry trie piJbliE bentht reqJirernents_ PVBUCBÉNEFrr The tha."ityackn¢wdledge5,ts requirerp.er.t tts demorstrate clearytTr.at 51 ha¥e char table pTrIse50r.arp5 .:h8t Bre fcK'.he public benefiL Detsil% of 4cw the C3? na5 achied tha5 are p'owdea In the T-r4e¢r TDCrt The TrtJ5tees lf"r rhattrty ii ave pa a due rEgèrd to the cha.ty mrn135ic 9Uidance on pdblic fsene it befue de¢ding wh&[ ac'JwtsS the charlrystrA15I undwtbkè. RISKASWMVIT No maiiKnsks have Tre¢r undertaken dufjro thts pen¢yJ. rKx anyenM5&9ed_ TRusfEE5 RESPONSIBILMES rne antieSt2o1 I r8quTè thè trustees to prepare fin4nciwl %tat8ments forèach financial pl¥ar9 thos8 fin&nCE 5tatErDents thetruste are Equired to." Selecisuitsbleaccountin9 P1#rI apptythem cr51e. MaKejud9ementsarbd eStiMatesth.ata rE45b ptudent.. Prepare finoncialstatementsOTh th& c(tM bègis unleS5iti% fftèppropriJttoprgsumeth&tthE ttts5twi11 ¢ontffiue in existsn¢e. The trustees are reSp£S ole f?rkeepin9 FEr acC#1mt.j records. which d5c'E w.t rea-opèble accuracy at tffie the 14na-.c.al pTr_Trtitr) ofthe tru=t. Th¥y $'e also SpOnsIble for saieguardiTg thv tybst and hee for tak4ry r•asonable steps try the prekEntiw and detecti of fTrLa and othe." egula"ItI. ApD0Ved bytheTruStees on_ Si9-ed theirbehèl¥by..... S,gna*ure'.
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 2024 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:
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examine the accounts (under section 145 of the 2011 Act),
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
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to state whether particular matters have come to my attention.
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
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which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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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
4th June 2025
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LATIN IBERIAN MISSIONS TRUST
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
| Notes RECEIPTS : Voluntary Income 2a 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 2023-24 2022-23 £ £ £ £ 25,742 1,145 26,887 29,257 |
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| 25,742 1,145 26,887 29,257 |
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| 24,377 1,145 25,522 22,531 978 - 978 898 |
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| 25,355 1,145 26,500 23,429 |
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| 386 - 386 5,827 19,767 - 19,767 13,940 |
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| 20,153 - 20,153 19,767 |
The notes on page 9 form part of these accounts.
All operations are continuing operations.
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LATIN IBERIAN MISSIONS IRVST STATEMENT OF ASSE15 AND LIA8ILmES FOR THE YEAR ENDED 30Th SEFfEMBER 2024 UnrtsFcted Furd De5gnad Fund 30-S¥p24 Totsl 30-Sy23 Ttstsl C•sh Fund Caf Cash Actnt Chf Acetsjnt 9.W5 11.148 9.5 1',.T48 &893 20.1S3 20.153 1¥,767 UABILmfs d8p8ndent wminers Fee 630 630 630 630 600 TRUSfEES RESPONSIBILMES IN IIELATV)NTO IHEACCOUNrs Cbarty Law r8quir8sthaTrust88s topwJr8 financial stntslach Fir]akl yggrwhich c<Ynptywith th•ragulati$ Etout in Th&riti&s Act 2011. The Truetees hakE elec&J to=aKe adhept2ge of the prcwsi¢xie thè: 2pDltr 10 small clantpPS and k.ave PTepared a Rece.pts and Pa)rperts ccunt ana 5taiemento4ksets and Liabilities wrch aSe1 pages 7 ènd 8. ApPr9d bythe Trustee¥ an.-_ Signed th&rbe4a*F by.... Sbg•ature'.
LATIN IBERIAN MISSIONS TRUST
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
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 a) Voluntary Income General Donations Bank Interest Gift Aid Tax Reclaim |
Unrestricted Designated Total Total Funds Funds 2023-24 2022-23 £ £ £ £ 24,035 1,065 25,100 25,370 296 - 296 171 1,411 80 1,491 3,716 |
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| 25,742 1,145 26,887 29,257 |
| 3. PAYMENTS a) Cost of Charitable Activities Beneficiaries' Missional Grants Beneficiaries' Missional Expenses Pension Contributions Designated Donation b) Governance Costs Independent Examiner Fees Bank Charges Accountancy Fees ICO Fee |
Unrestricted Designated Total Total Funds Funds 2023-24 2022-23 £ £ £ £ 13,800 - 13,800 13,800 3,193 - 3,193 747 7,385 - 7,385 7,385 - 1,145 1,145 600 |
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| 24,377 1,145 25,522 22,531 |
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| 600 - 600 600 60 - 60 60 283 - 283 203 35 - 35 35 |
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| 978 - 978 898 |
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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