REGISTERED COMPANY NUMBER: 03301423 (England and Wales)
REGISTERED CHARITY NUMBER: 1083180
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
LATIN AMERICAN MINISTRIES LIMITED
P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BLI 3AJ

LATIN AMERICAN MINISTRIES LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Tru$lees
Independent Examin¢r's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9 10 13
DetAil¢d Statement of Financial Activities
14

LATIN AMERICAN MINISTRIES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recomrnended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
OWECTIVES AND ACTIVITIES
Objectives and aims
Latin American Ministries Limited was established to provide an evangelical Christian Ministy in South America. We
Tai5e funds to assist some of the poorest children in Brazil and Bolivia with education, training, medical and dental
treatment, famine relief and religious and cultural development.
The charities governing document sums up the charitable objects as:.
l. To advance the Christina religion in South America by such means as the Trustees shall in their absolute discretion
think fit.
2. To relieve poverty, sickness and distress among children in necessitous ¢ir¢umstances in South America.
Page I

LATIN AMERICAN MINISTRIES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Significant activities
In the year to 3 1st March 2024 the charity continued with its programme of regular monthly sponsorship to help
maintain the schools and projects we support in Brazil and Bolivia.
Calvirio Street Boys Home in Rio de J8neiro, Brazil.
This home, first started by Pastor Reinaldo Costa, has been running for 25 years in connection with Living Word Church
and LAM has been its main supporter from the beginning. involved in the building of ihe Horne and the provisions.
Many boys have been rescued from a life of danger and misery on the streets and given support to catch up with their
schooling, medical needs and, where possible, a return to their family environment. Those who remain stay till 18 and
the Home then sets them up in accommodation and employment, as they can. The sta? and ministers of Calvino still
have contact with many of the boys, now grown men, and some with families, for year5 after they pass through their
doors.
Rio experienced bad flooding in February of this year and LAM contributed fijnds to help various families affected
there.
Sal para Terra (Salt of the Earth) Project In Petropolis, R.J. Brazil
Thi5 is a NGO charity run by Pastors Adilson and Roberta Malaquias, also for 25 y¢ars; providing over 100 daily hot
meals, free dental treatment and classes and activities for children and families in need in the nearby 'favelas' LAM has
known and sUPPOrted this work from the beginning. LAM is also supporting Sara Malaquias Ihe daughter of Pastors
Adilson and Roberta in her training to be a denlist and this is her third year.
Maués Living Word Infants schools for underprivileEed children - notive Indian and Brazili4n.
Maués is a iown on the bank of the Amazon River. Brazil. The Living Word Church ha5 two infant schools, one in the
town and one on the outskirts, where a community has sprung up of deprived families from outside the area. unable to
gel work. As well as freely leaching the children to read and write, these schools also provide a daily cooked meal for
the children. For many of thes¢ childr¢n that will b¢ Ihcir only cooked meal Ihai day. LAM has been aS50Cidled with
them for over 20 years and helped build both the church and the schools and has sponsored ¢hildren there ever since.
Ticuna Nalive Indians and other tribes in the Three frontier region of the Amazon River.
LAM has been involved with work among the native tribes in this region for over 20 years through a school sponsorship
program in the early days and now regular provision for a Bible Training Missions Course run for one week every two
months on the Cuagu Evangelical Mission Base, providing accommodaiion and provisions for the pastors in training and
their families for the week long ¢venl. LAM has also built churches in the area and supplied motorised canoes over the
years.
Caucaia, N. West Brgzil. Living Water School and Children ofthe Klng
Outreach to needy families in the 'favela', run by missionaries and pa5tor5, Peter and Josi Millward . LAM has been
sponsoring children here for 7 years and has helped with the school building and improvements needed over the years
and support and provision for the outreach to needy families.
Santa Cruz de la Slerr#, Bollvlx.
LAM has been sponsoring children in an extremely poor community growing up on the banks of the river there for 12
years, providing education reinforcement. medical help and clothing. This work was started a5 a free health clinic by Dr.
Janeth Mendoza. a doctor and surgeon, with a love for the poorest families in her city and from there grew to include
education, spiritual care and food supplies. Janeth has since died. but her grown-up children carry it on. Many of the
children LAM sponsored in the earlier years have now graduated and gone on to good jobs. where-as the norni would
have been to drop out of school at the earli¢st possibility. as they just could not keep up.
Page 2

LATIN AMERICAN MINISTRIES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
It has been LAM'S privilege to work among these different schools and projects. and others that are no longer running*
over more than 25 years and we are grateful to God for every sponsor who has shown faith in our work and been with us
during this time.
Public beneflt
The trustees hav¢ given due consideration to the charity commission guidance and believe that th¢y h¢avily invest in a
numb¢r of communities throughout Brazil and Bolivia and touch ihe liv¢s of so many young people. The trustees are
satisfied that they meet the public benefit requirements.
FINANCIAL REVIEW
Reserves policy
The charity looks to maintain reserves of at least £15.000 which equates to 6 months charitable expenditur¢. The
overheads of the charity are low but our missionaries and the institutions they support would struggle financially if
LAM'S income streams diminished in the future. Maintaining a healthy reserve will enable the charity to continue to
support the mission work for a further 6 monihs if income were to cease. Ai the year end ihe charity had cash reserves of
£20,695 which is in line with this policy. The Trustees do not feel that holding ihis level of reserves is unreasonable.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust. and conslitute5 8 limited company, limited by
guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03301423 (England and Wales)
Registered Charity number
1083180
Registered office
8 Holmes Cottages
Temple Road
Bolton
BLI 3LU
Trustee$
Reverend J N Quinlan
Mrs S A Quinlan
M A Quinlan
R M Griffiths
J Higgins
Company Secretary
Mrs S A Quinlan
Independent Examiner
Adam J Syddall MA FCA
P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BLI 3AJ
Page 3

LATIN AMERICAN MINISTRIES LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
National Westminster Bank
Leicester Rcsc
Bede House
I I Western Boulevard
Leicester
Leicestershire
LE2 7EJ
Approved by order of the board of trustees on 27 September 2024 and signed on its behalf by..
Mrs S A Quinlan- Secretary
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LATIN AMERICAN MINISTRIES LIMITED
Independent examiner's report to the trustees of Latin American Ministries Limited ('the Company,)
I report to the charity trustees on my examination of the accounts of ihe Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's truste¢s of the Company (and also its directors for the pu￿OseS of company law) you are responsible for
the preparation of the accounts in accordance with the requir¢m¢nts of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the
Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act.
Independent examiner'5 St8tement
I have completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirernents of Section 396 of the 2006 Act 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. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examinalion to which attention Should
be drawn in this report in order to enable a proper understanding of the accounts to be reached,
Adam J Syddall MA FCA
The Institute of Chartered Accountants in England and Wales
P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BLI 3AJ
27 September 2024
Page 5

LATIN AMERICAN MINISTRIES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Unrestricted
fund
31.3.23
Total
nds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
35,873
35,500
Investment income
57
30
Total
35,930
35,530
EXPENDITURE ON
Raising funds
2,043
1,691
Charstable activltles
Missionaries and schools in Brazil and Bolivia
32,473
38.067
Total
34,516
39.758
NET INCOMEI(EXPENDITURE)
1,414
(4,228)
RECONCILIATION OF FUNDS
Total funds brought forward
21.193
25,421
TOTAL FUNDS CARRIED FORWARD
22,607
21.193
The notes fonn part of these financial statements
Page 6

LATIN AMERICAN MINISTRIES LIMITED
BALANCE SHEET
31 MARCH 2024
31.3.24
Unrestricted
fund
31.3.23
Total
funds
Notes
FIXED ASSETS
Tangible assets
224
299
CURRENT ASSETS
Deblors
Cash at bank
2,288
20,695
2.499
19.485
22,983
21,984
CREDITORS
Amounts falling due within one year
(600)
(1,090)
NET CURRENT ASSETS
22,383
20,894
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,607
21.193
NET ASSETS
22,607
21,193
FUNDS
Unrestricted funds
10
22,607
21,193
TOTAL FUNDS
22,607
21,193
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The member5 have not required the company to obtain an audil of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge iheir responsibilities for
(a)
ensuring that the charitable company keeps accounting record5 that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial stalements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requir¢m¢nts of Seclions 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements. so far as applicable to the charitable company.
(b)
The notes forni part of ihese financial 5tat¢m¢nts
Page 7
continued...

LATIN AMERICAN MINISTRIES LIMITED
BALANCE SHEET- continued
31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2024 and
were signed on its behalf by..
S A Quinlan - Trustee
The notes fom part of these financial statements
Page 8

LATIN AMERICAN MINISTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and th¢ Companies Act 2006. The financial statements have been prepared under the historical cost
conv¢ntion.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable thai th¢ income will be received and the amount can be measured reliably,
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to ihe category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basi5 consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year end dale are noted as a commitment but
not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write otT each asset over its estimated useful
life.
Computer equipment
25% on reducing balance
Taxation
The charity is exempi from corpordtion tax on ils charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds Can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted PU￿05eS.
Further explanation of the nature and purpose of each ￿nd is included in the notes to the financial statements.
Pag¢ 9
continued...

LATIN AMERICAN MINISTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
31.3.24
31.3.23
Deposit account interest
57
30
RAISING FUNDS
Rgising donations and legacies
31.3.24
31.3.23
Support Costs
2,043
1.691
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after charging/(crediting):
31.3.24
31.3.23
Independent examiner
Depreciation - owned assets
600
75
I,ioo
71
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefils for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expense5
There were no trustees expenses for the year to 31 March 2024. In the year to 31 March 2023, Mark Quinlan,
acting as a missionary, received living expense support from the charity of £3,200. Mark Quinlan is a trustee of
the charity.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
nd
INCOME AND ENDOWMENTS FROM
Donations and legacies
35,500
Investment income
30
Total
35,530
EXPENDITURE ON
Raising funds
1.691
Charitable activities
Missionaries and schools in Brazil and Bolivia
38,067
Total
39,758
NET INCOME/(EXPENDITURE)
{4.228)
Page 10
continued...

LATIN AMERICAN MINISTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontinued
Unr¢stricted
fund
RECONCILIATION OF FUNDS
Total funds brought forward
25,421
TOTAL FUNDS CARRIED FORWARD
21,193
TANGIBLE FIXED ASSETS
Computer
equipment
COST
At l April 2023 and 31 March 2024
370
DEPRECIATION
At l April 2023
Charge for year
71
75
Al 31 March 2024
146
NET BOOK VALUE
At 31 March 2024
224
At 31 March 2023
299
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Prepayments and a¢cru¢d income
2,288
2,499
Page 11
continued...

LATIN AMERICAN MINISTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR TIIE YEAR ENDED 3] MARCH 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
AccNed expenses
600
1,090
io.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
21,193
1,414
22,607
TOTAL FUNDS
21,193
1,414
22,607
Nel movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
35,930
(34,516)
1,414
TOTAL FUNDS
35,930
(34,516)
1,414
Comparatives for movement in funds
Nel
movement
in funds
At
31.3.23
Al 1,4.22
Unrestricted funds
General fund
25,421
(4,228)
21,193
TOTAL FUNDS
25,421
{4,228)
21,193
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in ￿ndS
Unrestricted funds
General fund
35,530
(39,758)
(4,228)
TOTAL FUNDS
35.530
(39,758)
(4.228)
Page 12
continu¢d...

LATIN AMERICAN MINISTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
io.
MOVEMENT IN FUNDS- ¢ontiDued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in fijnds
At
31.3.24
At 1.4.22
Unrestricted funds
General fund
25,421
(2,814)
22,607
TOTAL FUNDS
25.421
(2,814)
22.607
A current year 12 months and prior year 12 months combined net movement in fimds, inoludcd in the above are
as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricled funds
General fund
71,460
(74,274)
(2,814)
TOTAL FUNDS
71,460
(74,274)
(2.814)
RELATED PARTY DISCLOSURES
There were no related paty transaction5 for the year ended 31 March 2024.
Page 13

LATIN AMERICAN MINISTRIES LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
32,248
3,625
33,469
2.031
35,873
35,500
Investment ineome
Deposit account interest
57
30
Total incoming resources
35,930
35,530
EXPENDITURE
Charitable activities
Travel
Grants to individuals and organisations
1.337
36,730
32,473
32,473
38,067
Support costs
Finance
Sundries
Bank charges
otyice costs
Computer equipment
526
754
88
75
196
172
152
71
1,443
591
Governance costs
Independent examination
600
I,ioo
Total resources expended
34,516
39,758
Net Incomel{¢xpenditure)
1,414
(4,228)
This page does not fonn part of the statutory financial statements
Page 14