# **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **LATIN IBERIAN MISSIONS TRUST** **CHARITY REGISTRATION No. 1069034** Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG ## **CONTENTS** **----- Start of picture text -----**
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.
**----- End of picture text -----**
2 ## **LATIN IBERIAN MISSIONS TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1069034 **START OF FINANCIAL YEAR** 1st October 2024 **END OF FINANCIAL YEAR** 30th September 2025 **TRUSTEES WHO SERVED DURING THE YEAR** H Ford A Cleaver A Henderson C Wyatt D McIlroy MA R Talbot A Talbot **GOVERNING INSTRUMENT** TRUST DEED DATED 1 FEBRUARY 1998. 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 MAAT The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG 3 ## **LATIN IBERIAN MISSIONS TRUST** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 30TH SEPTEMBER 2025** The trustees submit their report on the accounts of the Latin Iberian Missions Trust (registered charity number 1069034) for the year ended 30th September 2025. ## **PRINCIPAL 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 2024 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 2025 income of £29,695 was received by the charity. The trustees in respect of this period have distributed grants and donations totalling £24,302 (2024 - £25,523) 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 2025, reserves were £24,774, sufficient to cover approximately six months of expenditure at the level incurred in this financial year, therefore the policy was being complied with. 4 LAMN ￿RiAN MISSIONS TRUST TrUSTEES REPO1￿ leontin￿OdI FOR THE YEAR ENDED 30TH SEPTEMBER 2025 AcfMntsANDACHIW4WgITS OYErthecouTse of the hYar.thpTfU¥twa55uppoTtsng tsyo miSSi¢narie$wtykin9 In PortUgaLAdrian Judrth Stewart Including makin9 ¢ontribvwons toth*ir¢onunuing 1raining gnd fundin9 church &ctivities.The bene{￿lanES work with awide range ￿ peop￿.th￿$M9￿t￿￿g the publK benofit requir*rn•nts. PVBLICBV4trIT Th•chaTity8cknOw￿dgOS requiromertto domon5trat* ckarlythaiitmu6thaw ¢￿rrtab￿ Purp￿@5 or'aims'thataroforthq public benefrt.Detèils ol howth@ charityha8ècht@W3dthi% are provided iThth¢ Twstees rèptsrt.ThéTrusté8sconliFtn thatthByhak* PaHI du• r•gèrd tothechanty Ccwrn£5510n giJidè*ceim publi¢ benefrt before deciding what actiwti88th8 charity5hould undertèkè. PIXA55E5SMtrir No maiorri5k3 ha*beeh undertaken dunngthiSperi￿. rhtyanyenbisaged. TRUS￿1 RESPOm%eiLI￿ Th• Charrti85Act2011 requirethF tru5t*ost¢ prepawfinancialststèmontsforaacthlinancial ￿&r. kn prqparingthos01inancia15titoments thetwstÈes ar@r8quiredto". sE￿t Suitab￿aCCounting policie5 and app&them ¢ons*tentW. MakÈ iudgementsattd estimètesthataie rea50nèbleand pwdgnr.. Pretyarelinanckalststements Dn the gaing concam basis unl95SitisiTripDrapriBtqto presume thatthetru5twillcantinue Fn e*teTr¢e. Thgtrust8gs arE rE5pOn51b￿lorkeep1Trg propEraccourttin9 recofds.which dis¢b)se with reasmabh accuracyatanytirn8th@finanrial pOS￿0Th Df the They8re8lyoreypon51bleforsaleguarding the èssetsof thetrustand henceforiakin9 reasonabk8 st8pslorth8 pr&Vent￿ and d8t8Ction of frèvd and otharirwularrbes. Appro￿ byth8Trust8e5 LYI.. 146Afilat Rfo SvJn4d thth•if behI￿by.._..__.__....__.._....__._._.____...._.._.........__.__. ## **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 2025 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 MAAT Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG 17th July 2026 6 ## **LATIN IBERIAN MISSIONS TRUST** ## **STATEMENT OF RECEIPTS AND PAYMENTS** ## **FOR THE YEAR ENDED 30TH SEPTEMBER 2025** |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
**2024-25**
**2023-24**
£
£
**£**
**£**
29,595
100
29,695
26,887| |---|---| ||**29,595**
**100**
**29,695**
**26,887**| ||24,202
100
24,302
25,522
772
-
772
978| ||**24,974**
**100**
**25,074**
**26,500**| ||**4,620**
**-**
**4,620**
**386**
20,153
-
20,153
19,767| ||**24,773**
**-**
**24,773**
**20,153**| The notes on page 9 form part of these accounts. All operations are continuing operations. 7 STATEMEpif OF ASSETS AND LIABLMES FOR THE ENDED 30TH SEPtEMBER 2025 LknrestrittÉd Fund Designated Fund 30-Sy25 Totsl 30-S•p24 Notes Cal Qsh ACC￿￿1 CafGoW Account 13.393 11280 13.393 11,380 9,￿5 24.77S 24,773 20,153 LIA8ILITIES 5ndependent Examinets Fee 6X) 600 600 030 TRUSTffS RWONSI8ILlntslf4 RUTIONTO THEACCOUPIT5 ChÈriiyLaw rÈguir&s th8Tru5teesloprepare Iihèn¢ièl•4tefflents loreachlinanrfdl C￿￿p￿W￿h th8 rEgubtionS $•iOUt Inth8 Chaiitieskt 201 l. The Truste85 have èlected to take advanta9e ol the Pro￿51￿￿5 thèt appty to SfThall chBrrties aDd have prepared a R8c8lPts aDd Paw£nts ccountand Siatem¢Mof ksots and Liabilitioswhich are setout on page$ 74nd 8. Approwd bytheTtyste95 0n._ $19ned on thairbehaK by.__.._........................-- S¥n4ture'. i. ## **LATIN IBERIAN MISSIONS TRUST** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025** ## **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
**2024-25**
**2023-24**
£
£
**£**
**£**
25,290
100
25,390
25,100
257
-
257
296
4,048
-
4,048
1,491| |---|---| ||**29,595**
**100**
**29,695**
**26,887**| |**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
**2024-25**
**2023-24**
£
£
**£**
**£**
15,150
-
15,150
13,800
1,642
-
1,642
3,193
7,410
-
7,410
7,385
-
100
100
1,145| |---|---| ||**24,202**
**100**
**24,302**
**25,522**| ||600
-
600
600
60
-
60
60
65
-
65
283
47
-
47
35| ||**772**
**-**
**772**
**978**| ## **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