# **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. 2 ## **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 3 ## **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: - A. R. Cleaver - H. J. Ford (Secretary) - A. P. Henderson - D. T. McIlroy - A. Talbot - R. Talbot - 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. 4 LATIN IBERIAN MSSIONS TrUST TRUSTEES REPORT{continu•d) FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Overthecour5e of rheyear...he Trustvias S￿￿￿er[￿l9 tWOrni59CVane5 wixkry in F¢￿￿9a.. kn•an anol S:ewa¢ makiTh9 contributJOnS totheircont."nuing and fur.oinq ¢￿urCh aC7￿tres.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 p￿T￿rIse50r.a￿rp5 .:h8t Bre fcK'.he public benefiL Detsil% of 4cw the C￿3￿? na5 achie￿d tha5 are p'owdea In the T-￿r4e¢r TDCrt The TrtJ5tees l￿f"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 charlrystr￿A15I undwtbkè. RISKASWMVIT No maiiKnsks have Tre¢r undertaken dufjro thts pen¢yJ. rKx anyenM5&9ed_ TRusfEE5 RESPONSIBILMES rne ￿antieS￿￿t2o1 I r8quTè thè trustees to prepare fin4nciwl %tat8ments forèach financial pl¥ar￿9 thos8 fin&nC￿E 5tatErDents thetruste are Equired to." Selecisuitsbleaccountin9 P￿￿1￿#￿r*I apptythem cr￿￿51e￿. MaKejud9ementsarbd eStiMatesth.ata￿ rE45￿￿b￿ ptudent.. Prepare finoncialstatementsOTh th& c(￿t￿M bègis unleS5iti% fftèppropriJt*toprgsumeth&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 he￿e for tak4ry r•asonable steps try the prekEntiw and detecti￿ of fTrLa and othe." ￿egula"ItI￿. ApD￿0Ved 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: - examine the accounts (under section 145 of the 2011 Act), - 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 - 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 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that: - proper accounting records are kept (in accordance with section 130 of the Act); and - accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ................................................................................................ Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 4th June 2025 6 ## **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| |---|---| ||**25,742**
**1,145**
**26,887**
**29,257**| ||24,377
1,145
25,522
22,531
978
-
978
898| ||**25,355**
**1,145**
**26,500**
**23,429**| ||**386**
**-**
**386**
**5,827**
19,767
-
19,767
13,940| ||**20,153**
**-**
**20,153**
**19,767**| The notes on page 9 form part of these accounts. All operations are continuing operations. 7 LATIN IBERIAN MISSIONS IRVST STATEMENT OF ASSE15 AND LIA8ILmES FOR THE YEAR ENDED 30Th SEFfEMBER 2024 UnrtsFcted Furd De5gna*d Fund 30-S¥p24 Totsl 30-Sy23 Ttstsl C•sh Fund Caf Cash Act￿nt 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 s￿t￿n￿￿tsl￿￿ach Fir]a￿k￿l yggrwhich c**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| |---|---| ||**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| |---|---| ||**24,377**
**1,145**
**25,522**
**22,531**| ||600
-
600
600
60
-
60
60
283
-
283
203
35
-
35
35| ||**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. 9