REGISTERED COMPANY NUMBER: 03301423 (England and Wales) REGISTERED CHARITY NUMBER: 1083180 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR LATIN AMERICAN MINISTRIES LIMITED P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolion Lancashire BLI 3AJ
LATIN AMERICAN MINISTRIES LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 14 Detailed Statement of Financial A¢liYities 15
LATIN AMEIUCAN MINISTRIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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 2025. The tteeS have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objeetives and aims Latin American Ministries Limited was established to provide an evangelical Christian Ministy in South America. We raise funds to assist some of the poorest children in Brazil and Bolivia with educatio[4 trainin& m¢dical and dental treatment, famine relief and religious and cultural development. The charities governing document sums up the charitable objects ..- 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 circumstances in South America. Page I
LATIN AMERICAN MINISTRIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Significant activities In the year to 3 1st March 2025 the charity continued with its progranune of regular monthly sponsorship to help maintain the schools and projects we support in Brazil and Bolivia. CALVIRIO Street Mission. associated with Living Word Church in Rio de Janeiro, Brazil. LAM has been the main supporter of Calvirio Street Boys Home. first started by Pastor Reinaldo Costa over 25 years ago. The church took on a rented building to turn their own church building into the Street Boys Holne. 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. Calvino Boys Home closed this year, but the Church continues to use the building to minister to the needs of the community with food aid for needy families, different outreaches. such as jujitsu, civic trainin& school help classes and courses for cookery etc, whi15t keeping in contact with many of the boys who have passed through the Home. LAM continues to support them in this outreach to the community and in DecemberlJanuary donated a sizeable amount towards the purchase of the building they have rented for over 26 years. SAL PARA TERRA (Salt of the Earth) Project in Petropolis, ILJ. Brazil This is an NGO charity run by Pastors Adilson and Roberta Malaquias. also for over 25 years; providing over 100 daily hot meals. free dental treatment and cla55es and activities for children and families in need in the nearby 'favelas'. LAM ha5 known and supported this work and the many children reached from the beglnning. LAM is also supporting Sara Malaquias - the daughter of Pastors Adilson and Roberta in her training to be a dentist and this is her It year. LIVING WORD Infants schools for underprivileged children - native Indian and Brazilian. Maués, Amazon Brazil Maues is a town on the bank of the Amazon River, Brdzil. The Living Word Church has two infant schools, one in the town and one on the outskirts, where a community of deprived families has Sprung up from outside the area, many of them native Indians. unable to get work. They also run a Rescue Centre in this community. with classes and job training for young people. The infant schools provide a daily cooked meal as well as freely teaching the children to read and write. For many of these children that will be their only cooked meal of the day. LAM has been associated with them for over 20 years and helped to build both the church and the schools and has sponsored children there ever since. TICUNA Native Indians and other tribes in the Three frontier region of tbe 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 Trdining Missions Course run for one week every two months on the Cuagu Evangelical Mission Base, providing accommodation and provisions for the pastors in training and their families for the week long event. LAM has also built churches in the area and supplied motorised canoes over the years. LIVING WORD SCHOOL Caucaia. N. West Brazil. Outreach to needy families in the 'favela', by missionaries and pastors, Peter and Josi Millward . LAM has been sponsoring chil(tren here for eight years and has helped with the school building and improvements needed over the years and support and provision for the outreach to needy families. GOD'S LILE SCHOOL Santa Cruz de la Sierra. Bolivia. LAM has been sponsoring children in an extremely poor community growing up outside the toNTrn boundaries, on the banks of the river for 12 years, providing education reinforcemenL medical help and clothing. This work was started as a free health clinic by Dr. Janeth Mendoa 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 cany it on. Many of the children LAM sponsored in the earlier years have now gradualed and gone on to good jobs, where-as the norni would have been to drop out of school at the earliest possibility, as they just could not keep up. During this period LAM has also provided ndS to help with the cat&strophit floods in the South of Brazil. Our objectives are to continue this support for as long as we are able. Page 2
LATIN AMERICAN MINISTRIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND A1VITIEs Publi¢ benefit The trustees have given due consideration to the charity commission guidance and believc that they heavily invest in a number of communities throughout Brazil and Bolivia and iouch the lives 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 expenditure. The ov¢rheads 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 months if income were to cease. At the year end the charity had cash reserves of £12,632. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trusL and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAII Registered Company number 03301423 (England and Wale5) Registered Charity number 1083180 Registered office 8 Holmes Cottages Temple Road Bolton BLI 3LU Trustees Reverend J N Quinlan Mrs S A Quinlan M A Quinlan R M Griffiths J Higgins Mrs V Dutra Quinlan (appointed 28.11.24) Company Secretary Mrs S A Quinlan Independent Examiner Adam J Syddall MA FCA P B Syddall & Co Chartered Accountants Grafton Hous¢ 81 Chorley Old Road Bolton Lancashire BLI 3AJ Page 3
LATIN AMERICAN MINISTRIES LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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 In on 15 September 2025 and signed on its behalf by: Mrs S A Quinlan - Secretary Page 4
INDEPENDE[ EXAMINER'S REPORT TO THE TRUSTEES OF LATIN AMEIUCAN MINISTIUES LIMITED Independent examiner's report to the trustees of Latin American Ministries Limiled ('the Company,) I report to the charity trustees on my eninatIOn of the accounts of th¢ Company for the y¢ar ended 31 March 2025. Responsibilities and basis of report As the charitys trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited und¢r Part 16 of the 2006 Act and are eligible for independent examination, l report in respect of my examination of your charitys accounts &$ carried out under Section 145 of the Charities Act 2011 (Ihe 201 l Act?. In carying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's slatement I have completed my examination. I confirni that no matters have come to my atteT]tion in connection with the examination gtving 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" OT the accounts do not comply with the accounting requirements of Sertion 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 exarnination,. or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities (applicable to 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 examination 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 Instite of Charter¢d Accountants in England and Wales P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ 15 September 2025 Page 5
LATIN AMERICAN MINISTRIES LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31J.25 Total fund5 31.3.24 Total ftmds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 36,647 25,000 61,647 35,873 Investment income 57 Total 36,653 25.000 61.653 35,930 EXPENDITURE ON Raising funds 2.043 Charitable activities Missionarie5 and schoo15 in Brazil and Bolivia 45,146 25,000 70,146 32,473 Total 45,146 25,000 70,146 34,516 NET INCOMEI(EXPENDITURE) (8,493) (8,493) ,414 RECONCILIATION OF FUNDS Total funds brought forward 22.607 2?,607 21,193 TOT AL FUNDS CARIUED FORWARD 14.114 14,114 22,607 Th¢ notes forn) part of these financial statements Page 6
LATIN AMERICAN MINISTRIES LIMITED BALANCE SHEET 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total fid5 Unrestricted fund Restricted fimd Notes FIXED ASSETS Tangible assets 168 168 224 CURRENT ASSETS Debtors Cash at bank 1,943 12.632 1,943 12,632 2.287 20,695 14J75 14J75 22,982 CREDITORS Amounts falling due within one year (629) (629) (599) NET CURRENT ASSETS 13,946 13.946 22.383 TOTAL ASSETS LESS CURRENT LIABILITIES 14.114 14,114 22.607 NET ASSETS 14.114 14,114 22,607 FUNDS Unrestricted funds io 14,114 22,607 TOTAL FUNDS 14,114 22,607 The charitable company is entitled to exemption from audit under Sectlon 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their r¢sponsibilities for (a) ensuring that the charitable company keeps accounting COrdS that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements 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 sUlUS or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relaling to financial statements, so far &s applicable to the charitable company. (b) The notes fomi part of these fllRancial statements Page 7 continued...
LATIN AMERICAN MINISTRIES LIMITED BALANCE SHEET - continued 31 MARCH 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial ststements were appmved by the Board of Trustees and authorised foi issue on 15 September 2025 and were signed on its behalf by-. S A Quinlan - Trustee The notes fonn part of these financial 5tat¢ments Page 8
LATIN AMERICAN MINISTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 charlties 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 the Companies Act 2006. The financial stafrments have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fimds, it is probable thai the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised &s expenditure as soon as there is a legal or constructive obligalion 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 is accounted for on an accruals b&sis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have beeT] allocated to activities on a basis Consistent with the use of resources. Grants offered subjecl to conditions which have not been met at the year end dale are noted &$ a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment 25Q/o on reducing balance Taxation The charity is exempt from corpordtion tax on its charitable activities. Fund aceountlng 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 PUTposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 9 continued...
LATIN AMEIUCAN MINISTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 31.3.25 31.3.24 tkposit accounl interest 57 RAISING FUNDS Raising donations and legaeies 31.3.25 31.3.24 Support costs 2,043 NET INCOME/(EXPENDITURE) Nel income/{expenditure) is stated after chargingJ{crediting): 31.3.25 31.3.24 Independent examiner Depreciation - owned &ssets 630 56 600 75 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, ¢xpen5es 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 (]nIan is a trustee of the charity. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fimd Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and l¢gacies 35.873 35.873 Investment income 57 57 Total 35,930 35.930 EXPENDITURE ON Raising tun(Ls 2,043 2,043 Charitable activities Missionaries and schools in Brazil and Bolivia 32.473 32.473 Total 34.516 34.516 NET INCOME 1.414 1,414 Page 10 continued...
LATIN AMERICAN MINISTRIES LIMITED NOTES TO THE FINANCIAL sTATEmErs - continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL A[VITIEs - continued Unrestricted Restricted fimd fimd Total funds RECOIYCILIATEON OF FUNDS Total funds brought forward 21,193 21.193 TOTAL FUNDS CARRIED FORWARD 22.607 22,607 TANGIBLE FIXED ASSETS Computer equipment COST At l April 2024 and 31 March 2025 370 DEPRECIATION At l April 2024 Charge for year 146 56 At 31 March 2025 202 NET BOOK VALUE At 31 March 2025 168 At 31 March 2024 224 DEBTORS: AMOUNTS FALLIIYG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Prepayments and accrued income 1,943 2,287 Pagell continued...
LATIN AMERICAN MINISTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Accrued expenses 629 599 io. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 22.607 (8,493) 14,114 TOTAL FUNDS 22,607 (8,493) 14,114 Net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 36,653 (45,146) (8,493) Restrieled funds Restricted fund 25,000 (25,000) TOTAL FUNDS 61.653 (70,146) (8,493) Comparatives for movement in fund5 Net movement in fill)ds At 31.3.24 At 1.4.23 Unrestrieted funds General fvnd 21.193 1.414 22.607 TOTAL FUNDS 21,193 1,414 22,607 Page 12 continued...
LATIN AMERICAN MINISTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 io. MOVEMENT IN FUNDS- tontinued Comparative net movement in fimds, included in the above are as follows: Incoming resources Resources expend¢d Movement in funds Unrestricted funds General fund 35,930 (34.516) 1,414 TOTAL FUNDS 35,930 (34.516) 1,414 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 21.193 (7,079) 14,114 TOTAL FUNDS 21,193 (7,079) 14,114 A Cuent year 12 months and prior year 12 months combined net movement in fvnds. included in the above are as follows.. Incoming resources Resources expended Movement in fimds unrestrict funds Generdl nd 72,583 (79,662) (7.079) Restricted funds Restricted fund 25.000 (25,000) TOTAL FUNDS 97.583 (104,662) (7,079) Page 13 continued...
LATIN AMERICAN MINISTRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 RELATED PARTY DISCLOSURES There were no r¢lated party transactions for the year ended 31 March 2025. Page 14
LATIN AMERICAN MINISTIUES LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 51,604 10,043 32,248 3,625 61.647 35,873 Investment income Deposit account interest 57 Total incoming resources 61,653 35,930 EXPENDITURE Charitable activities Grants to individuals and organisations 68,158 32,473 Support costs Finance Sundries Bank charges Office costs Computer equipment 369 890 43 56 526 754 88 75 lJ58 1,443 Governance ¢osts Independent examinaiion 630 600 Total resources exp¢nded 70,146 34.516 Net (expenditureyincome 18,493) 1.414 This page does not forn] part of the statutory financial statements Page 15