LATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA cornpany limited by guarantee and a registered charity) Report and accounts forthe year ended 31 March 2024 Registered Company Number.. 1488712 Registered Charity Number.. 1113039
LATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA company limited by Euarantee and a registered charity) Content Page Reference and administrative details Report of the Trustees lincorpordting Directors, report) Statement of Financial Activities Balance Sheet Notes to the Accounts 10-14 Thefvllowing page does notform purt of the statutory accounts Independent examiner's report 15
LATIN AMERICA BUREAU IRESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charltyl Reference and administrative detai15 Trustees (also members of Council of Managernentl M. Lopez Levy Ichairl D. Lehmann Isecretaryl L. Etchart G. Gelber E. Gregg Prof. C. Mcllwaine S. Meghji L. Morris J. Pinheiro Dias H. Plunkett (Treasurer) Secretary D. Lehmann Company number 1488712 Charity number 1113039 Registered office Enfield House Castle Street Clun Craven Arms Shropshire SY78JU Independent examiner Cocke, Vellacott & Hill Chartered Accountsnts Unit 15 City Busine55 Centre Lower Road London SE16 2x8 Web site www.lab.org.uk Bankers HSBC Lion House 25 Islington High Street Islington London Nl 9U Page I
IATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charity) Trustees, report (incorporating Directors, report) forthe year ended 31 March 2024 The trustees, who are also the directors of the charitable company, present their report and unaudited financial statements for the year ended 31 March 2024, which comply with current statutory requirements, the requirements of the charitable company's governing instrument and the requirements of the Accounting and Reporting by Charities.. Statement of Recommended Practice applible to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Reference and administrative details are set out on page l and form part of this report. STRUCTURE, GOVERNANCE AND MANAGEMENT The company was incorporated on 1st April 1980 in England and Wales and is governed by its memorandum and articles of association as amended by special resolution dated 6th February 2006. The company is a company limited by guarantee not having any share capital. Each member's guarantee liability is limited to £1. The company became registered charity on 20th February 2006. The management of the charitable company is conducted at meetings held by the trustees at regular intervals. New trL>Stees are appointed by the members at a general meeting. The major risks, to whith the charitable company is exposed as identified by the trustees, have been reviewed and systems are being established to mitigate those risks. OBJECTIVESAND AcfiviTIES The charitable company's objectives are to advance the education of the public in the issues of social, political and economic justite, human rights and other related subjects in Latin American and Caribbean countries in particular but not exclusively by commissioning, publishing and promoting books for the benefit of the public mainly for an English-language readership,. to promote and carry out research forthe public benefit and disseminate the useful results of that research,. and to advance the education of the public in Latin American and Caribbean heritage and culture. DONATIONS. GIFT AID, SUPPORTERS AND FRIENDS OF LAB LAB uses the service of CAFDonate (part of Charities Aid Foundation) to publicise and receive donations, both one-off and regular. CAFDonate also processes GiftAid where eligible donors Opt for this, and pays the proceeds to LAB. LAB also began migrating previous donors via Patreon to CAFDon3te. Though a small number of Patreon donors I'patron5'1 remain, no reward5 are offered. Regular donors of £3.50 per month or more are counted as 'LAB Supporter5', while those who contribute £8.50 or more are 'Friends of LAB,. Those who are unable to donate Still receive L4B's monthly e-mail newsletter for free. ACHIEVEMENTS & PERFORMANCE REPORT STAFFAND VOLUNTEERS During this financial year we were able to retain the services of Rebecca Wilson, our Managing Editor working now as a freelance consultant. Her hours fluctuated as our funding, projects and work in hand dictated. From January 2023 onwards she has been mainly resident in Colombia, but she remains constantly present by email and on WhatsApp and has been able to bring to LAB her local contacts and opportunities from the region. As an increasingly 'distributed' organization, we have found strength in having our regular post-holders and council members in Latin America and the US as well as in the UK. As before we continue to recruit to our large panel of volunteers which includes several writers- translators,. book sales assistants (Lizzy Sanders) and a print books distribution manager (Bill McLellanl- an author royalties manager11sobel Jonesl,. film reviews editor (Karoline Pelikanl.. and volunteers on current projects, especially Environmental Defenders. We have an informal panel of experienced editors and contributors, includinB Sue Branford. Nick Caistor, Linda Etchart, Mike and Tom Gatehouse, Grace Livingstone, Jan Rocha. Fiona Watson and Marcela Lopez Levy. Our Managing Editor is Rebecca Wilson. Page 2
LATIN AMERICA BUREAU (RESEARCH AND ACTIONI LIMITED IA company limited by guarantee and a registered charity) Trustees, report (incorporating Directors, report) for the year ended 31 March 2024 ACHIEVEMENTS & PERFORMANCE REPORT (cont.) PROJECTS Many LA8 projects ond books ore supported by dedlcoted web-poges or websltes produced and molntt7ined by iA8. These are indicGrted by Research Engagement and Impact {REII LAB now offers a comprehensive list of services to university researchers. These include publishing single articles or series,. translation, editorial and training for writers- custom websites,. and books describing research but aimed at a general readership and priced affordably. REI projects include.. T Women Resisting Violence (with Kings College London), which led to a multilingual podcast. book and article series. In the past year a short films programme was developed and screened at the National Film Archive of Chile and at Brixton House Theatre in London. The book has been translated into Spanish and Portuguese and published by Open Access feminist publisher Cita Press. Lg CAMeNA (with University of Lantasterl, which produced an ongoing article series, based on documents and testimonies held in the Centro Académico Memori3 Nuestra America, at the Universidad Autonoma de Mexico (UNAMI. A podcast episode is underwav. 7 ReGHID (with Universities of Southampton and York), which produced an Open Access photobook Moving Forward/SalirAdelonte, published in English, Spanish and Portuguese, about health, c3re and violence as seen through the eyes of displaced Venezuelan women in Brazil. LAB organised talks and film screenings at UK film and literature festivals. RECLAMA (with Northumbria University. Universidad San Francisco de Quito and Mujeres de Asfaltol about Afro- Ecuadorian women's heritage in Esmeraldas province, Ecuador. The project produced a number of short films, an art exhibition, a recipe book and photo collection. In May 2024 LAB hosted an event at Brixon House in London where women from the organisation in Ecuador presented the project to an audience of local members of the Black community, local Latin American migrants, students and LAB readers. 67 TheAmazon in Times of War book. LA8 was funded by US academic and Amazon expert Marc05 Colon, to edit, publish and promote his book (published in October 20241, fruit of hi5 research at the State Universities of Florida and Arizona and at the Walter Cronkite School of Journalism & Mas5 Communication. L48 is organizing a UK tour and a launch event in London. 61 Hllos Fronteriz05 (Borderland Threads) with LSE Latin America and Caribbean Centre, Univer5idad de Chile and the British Academy, collected arpilleras and testimonies created by Colombian women migrants living in Antofagasta, Chile. The project produced arpillera exhibitions and a Short film. LAB edited translations and designed and hosts the website. The short film will be Screened by LAB a5 part of a short film programme showcasing different initiatives of women resisting violence, under thi5 projert title. Artlcle Serie5 Voz LAB'S long-read, guest written dispatch was originally a quarterly publication initially available only to LAB Patron5 Ihigher- level subscribers via Patreonl. Voz has now been made free. Two numbers were published during the year.. Voz Vlll. September 2023. Together we heal.. Women, Art & Re515tance, by Fi Gilligan, follows the creative healing practices of a displaced Afro-lndigenous women's organization in Cartagena, Colombia and is both a long-read article and a link to a documentary film of the same name. Voz IX. March 2024. '1 watched as bonfires of books and papers were burned,, by Tom Gatehouse. This was an interview with Mike Gatehouse (Tom's fatherl who lived in Chile in 1973 and was taken prisoner after the military coup and held in the National Stadium. Environmental Defenders The Environmental Defenders series, edited by Rebecca Wilson, featured Six article5 and multiple social media posts between January and March 2024, on Colombia, Ecuador, the Amazon, Mexico, Honduras and Paraguay. It was ongoing in March 2024 with numerous additional article5 and a documentary film in which four environmental defenders disCUSS their territorial work and the Americas-wide alliance for racial and climate justice. Funding 15 being sought from the Page 3
L4TIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charitvl Trustees, report (incorporating Directors, report) for the year ended 31 March 2024 ACHIEVEMENTS & PERFORMANCE REPORT {cont.I Network for Social Change in order to continue the series. Rights to the English translation of Moira Millan's testimony Terricide have been acquired and LAB is seeking funds to translate and publish the book. LAB'S book The Amazon in fime5 of War by Marcos Colonlsee below) also forms part of our Environmental Defenders Work. In October 2023 we won funding to work on the series for 6 months. This included commissioning/publi5hing 12 original articles from international writers le.g. in Chile, Surinam, Ecuador, Bolivia, Paraguay, Mexico and the UKI,. publishing high- quality photographs,- commissioning English translations of reporting by our partner outlets; hiring a social media writer,. tommissioning and publishing a mini-documentary amplifying the voices of four Black and Indigenous environmental defenders and their work. The series acquired over 10,000 readers and led to a 126% social media reach increase and a 75%increase in social media engagement. LAB'S ED Team included Linda Etchart, Sue Branford, Fiona Watson, Moira Millan, Ana Reyes-Hurt, Marcos Colon, Marilene Cardoso Ribeiro The Series is a collaboration between LAB and organizations in the region, including.. No Ficcion, Guatemala Federacion Ecologist3, Cost3 Rica Expediente Publico, Central America Agencia Publica, Brazil Clip, Costa Rica Contracorriente, Honduras and Central America Mongabay Latin America, US, Latin America & Global Amazonia Latitude, Brazil Peru Support Group, UK Jan Rocha's Blog L4B correspondent Jan Rocha continues to contribute up-to-the-minute news and analysis from Sao Paulo, with posts including 'Coup and Carnival, (Feb 20241, 'Malvina5 Mornent for the Armed Forces, (Aug 20231 and The Amazon Summit.. some progress but Contradiction5 remain, (Aug 20231. Website LAB'S website remains central to all of L4B's work. 92 new posts were added during the year, and the various project websites and article series detailed above now convey the impression of separate, linked web51te5 underthe LAB umbrella, and sharing the LAB domain lab.org.uk. LAB'S website received 300,000 visits March 2023- March 2024. From 184 countrie5, Wlth most user5 in the United State5, United Kingdom, Canada, Brazil, Germany. China, France. Social Media LAB'S social media accounts have tontinued to grow steadily, especially on Instagram. where we now reach 38.6K accounts. Articles, events and LAB news are shared on Instsgram to a small number of engaged followers, mostly based in the UK. Twitter no longer allows US to view stat15tics, and many are leaving the platform after its acquisition by Elon Musk. Following advice from Trustees, LAB has opened an account on open network Bluesky to which many of our followers are likely to migrate. Newsletter Ten newsletter5 were published during the year and emailed to our approxlmately 1,300 subscribers. Most continue to receive the newsletter for free, though we often remind subscriber5 of the importance of supporting LAB by becoming 'LAB supporters, or 'Friends of LAB, by making a regular donation via CAFDonate1see above). The newsletters were compiled and edited by Antonella Navarro and Rebecca Wilson. Page 4
LATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charitvl Trustees, report lincorporating Directors, report) forthe year ended 31 March 2024 ACHIEVEMENTS & PERFORMANCE REPORT (cont.) BOOKS Practical Action Publishing Our partnership with Practical Action Publishing, in place since 2014, is key to L4B's work and without it we could not publish books at all. Approximately 126 books in LAB'S back catalogue have been digitised and made available to download or print-on-demand on the PAP website. All new LAB titles since 2014 have been co-publications, with PAP taking on all the tasks involved in the physical production and distribution of books in both print and ebook formats. PAP now uses Ingram Books as its worldwide distributor and is able to arrange local printing of all titles. Crossed Off the Map- Travels in Bolivia Although it Was published in 2022, authorshafik Meghji has continued to promote the book energetically. It was shortlisted for the Edward Stanford Travel Book of the Year 2023. A further 214 copies lin all formats) were sold during the year. Total sales in all formats reached 805 copies by May 2024. LAB was able to sell the rights for a Chinese translation, due to be published in 2025. An extract from the book will be included in an anthology of South American travel writing published by Bradt in 2025. LYThe Heart of Our Earth- Community Resistance to Minlng in Latln America This book wa5 launched in March 2023, at the close of our previous financial year. Rebecca Wilson organized promotion, which was partly paid for by a grant from the Network for Social Change. Approximately 160 copies were 501d lin all format51 in the first nine months. AuthorTom Gatehouse did a number of speaking engagements, including.. a LAB webinar lin Spanish, Portuguese and English) on Mining and Environrnental Justice, with speakers from Argentina, Ecuador and Brazil. the Resisting Mining Bookclub lorganized by London Mining Network),. an event at London bookshop Morocco Bound,. to the Anglo-Bolivian Society,. to a local group campaigning against proposals to mine tin and lithium at Wheal Vor in Cornwall. The website for the book remains active and is updated with new posts about mining in the region. View the projert report at htt lab.or .uk -content 103ds 2024 oi The-Heart-of-Our-Earth- ro ect-re Moving Forward Moving Forward, published 2023, is a photobook by Pia Riggirozzi, Bruna Curcio, Tallulah Lines, and Natalia Cintra offering an insight into migrant wornen and girls, experiences. LAB edited and published the book in two bilingual editions: one in English/Spanish and another in Portugueselspanish. Both versions are a150 available Open Access online. LAB prornoted the book and the accompanying documentary film of the same name15ubtitled by LABI at festivals including Sisterhood Festival, Migration Matters Festival and the London Spanish Book and Zine Fair. The doc was shortlisted for Best Foreign Documentary at WRPN Women's International Film Festival. Clamor- the search for the disappeared of the South American dictatorships Written by LAB'S SS0 Paulo correspondent Jan Rocha, and published in April 2023, this book complement5 our 2016 title K, by Bernardo Kucinski. It was launched at a successful event at Lumen. London. Clamor describe5 the work of the human riEht5 organization Clamor, set up by Jan Rocha and others in 1977 with backing from the Catholic Church. Initially focused on the disappeared prisoners of Brazil, it swiftly extended to cover Paraguay, Uruguay. Argentina and Chile. It was instrumental in tracking down children seized from parents who were imprisoned and illegally adopted by military families. It also investigated Operation Condor, the coordination of intelligence services of the southern cone dirtators. Translation Rights Translation rights were signed for LAB book Chico Mendes-ln His Own Word5 including a Korean translation and a Bengali translation by Pritilata Biswas. Biswas live5 in Chennai. a city in southern India where local actlVlSts who had set up the Jessore Road Gachh Banchao (Save the Tree) Committee were anxious to find inspiration and precedents in other countries. They came acr055 the name of Chico Mendes, the Brazilian rubber-tapper and Amazon defender, and were inspired by the book LAB published in 1990. Rights to a Chinese edition of Crossed Off the Map have been signed, with publication expected in 2025. Women Resisting Violence to be published in Spanish and Portuguese, with Cita Press IUSAI and Jandalra IBrazill respectively. Page S
LATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charity) Trustees, report (incorporating Directors, report) forthe year ended 31 March 2024 PUBLIC BENEFITS In setting their objectives and p13nning their activities the trustees have regard to the charity commission's general guidance on public benefit and to its supplementary public benefit guidance on advancing education. Latin America Bureau (Research and Actionl Limited's ILABI website has helped to give our activities and priorities greater exposure since its launch in 2008. This, combined with our Facebook page, tweets, publications, our public events and our constantly updated analysis of current affairs throughout Latin America, posted daily onto our website, has increased our constituency and helps to inform a wide rdnge of individuals and organisations about events and issues in the region. FINANCIAL REVIEW The results for the year, are as per the statement of financial activities on page 8. Donations and grants of £47,290 12023 - £25,3391 were received during the year. The charitable company sold £3,60012023 - £4,042) of publications through the charity's website and various book agencies. There were no fund raising tosts for during the year12023 - £nill and charitable activitie5 expenditure during the year totalled £48,77212023 £38,581), leaving a surplus of £2,123 12023 deficit of £9,198) which was transferred to the General Funds. The trustees would like to retain sufFicient reserves to enable the charity to continue its work in future years. DIRECTORS AND TRUSTEES The directors land trustees of the companyforthe purposes of charity lawl who served during theyearwere: Prof. C. Mcllwaine S. Meghji L. Morris H. Plunkett M. Lopez Levy D. Lehmann N. Cai5tor J. Pinheiro Dias Ichairl Isecretsryl Ire5igned on 15 April 20241 lappointed on 27 April 20231 ITreasurer. Appointed on 27 April 20231 (resigned on 1SJanu3ry 20241 (resigned on 15 April 20241 L. Etchart G.Gelber E. Gregg lappointed on 20 June 20231 Prof. D. Treece P. Wilcken TRUSTEES. RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS The trustees Iwho are also the directors for the purp05e5 of company lawl are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company and charity law requires the directors to prepare financial statement5 for each financial year which give a true and fair view of the state of affairs of the company and of the net income or net expenditure of the company for that period. In preparing those financial statements the director5 are required to.'_ select suitable accounting policie5 and then apply them con51Stently: make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to pre5umethatthe charitable company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial Statements comply with the Companies Act 2006. They are also responsible for safeEuardlng the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. Pa8e 6
LATIN AMERICA BUREAU (RESEARCH ANDACTIONI LIMITED IA company limited by Euarantee and a registered charity) Trustees, report lincortsorating Directors, report) forthe year ended 31 March 2024 RELATED PARTIE5 TRANSAcfioNS Details of related parties transactions are given in note 12 to the accounts. AUDIT EXEMPTION The charitable company has taken advantage of the exemption under subsection l of section 477 of the Companies Act 2006 and these financial statements are therefore unaudited. This report was approved by the trustee5 on 12 December 2024 and signed on their behalf by M. Lopez Levy Director and Trustee Page 7
L4TIN AMERICA BUREAU IRESEARCH ANDACTIONI LIMITED IA company limited by guarantee and a registered charity) Statement of financial actlvities for the year ended 31 March 2024 (incorporating the Income and Expenditure Account) Unrestricted Unrestricted funds fvnds 2023 2024 Notes Income from-. Donations and grants Bank interest received 47,290 25,339 Income from charitable activities - Sales of publications & royalty income - Consultancy fees 3,600 4,042 Total 50,895 29,383 Expenditure on.. Raising funds Charitable activities 148,7721 138,581? Total 148,7721 (38,581) Net incomellexpenditurel for the year 2,123 19.198) Other recogni5ed gains and losses Net movement in fund5 2,123 (9,198J Reconciliation of funds Total funds brought forward li 13,779 22,977 Total funds carried forward li 15,902 13,779 All the operations undertaken during the current and preceding year are continuing operations. There are no gains and1055es other than those recognised through the Statement of Financial Activitie5 above. There is no difference between the net income lexpenditurel and the retained net income lexpenditurel for the year stated above, and their historical c05t equivalents. The notes on puges 10 to 14form an integmlpart of the5efint7nci015tatements. Page 8
LATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charity) Balance sheet as at 31 March 2024 2024 2023 Notes Current assets Stotks Debtors Cash at bank and in hand 1,448 359 514 13,957 14,675 Total current assets 16,903 14,830 Creditors- amounts falling due within one year io 11,ooii (1.051) Net current assets Iliabilitiesl 15,902 13,779 Total assets less current liabilities 15,902 13,779 The funds of the charity Unrestricted income funds Income and expenditure account li 15.902 13,779 Total charityfunds li 15,902 13,779 For the year ended 31 March 2024, the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006, relating to small companies. Dirertors, responsibilities.. The members have not required the company to obtain an audit of its accovnts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provlsions applicable to companies subject to the small companies regime. The financial statements were approved by the board on 12 December 2024 and signed on its behalf by.. M. Lopez Levy Directorand Trustee Registered Company Number: 01488712 The notes on pt7ges 10 to 14form on integralpartof thesefinonciolstatements. Page 9
LATIN AMERICA BUREAU (RESEARCH ANDACTIONI LIMITED IA company limited by guarantee and a registered charity) Notes to the financial statements for the year ended 31 March 2024 General information The company was incorporated on 1st April 1980 in England and Wales and Is governed by its memorandum and articles of association as amended by special resolution dated 6th February 2006. The company is a company limited by guarantee not having a share capital. Each member's guarantee liability is limited to £1. The company became a registered charity on 20th February 2006. The address of its registered office is The address of its registered office is Enfield House Castle Street, Clun, Craven Arms, Shropshire, SY7 8JU. The principal objective of the charitable company is to advance the education of the public in the issues of social, political and economic justice, human rights and other related subjects in Latin America and Caribbean countries in particular but not exclusively by commissioning, publishing and promoting books for the benefit of the public mainly for an English-language readership. Accounting policies The following accounting policies have been used tonsistently in dealing with items which are considered material in relation to the charitable company's financial statements. Basis of accounting The financial statements of the charitable company are in accordance with 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 IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211. the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The financial statements are prepared in £ sterling, which is the functional currency of the entity. The current period's figures are for the year ended 31 March 2024, and the comparative figures are for the year ended 31 March 2023. After reviewing the charitable company's forecast and projections, the trustees have a reasonable expectations that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charitable company therefore continues to adopt the going concern basi5 in preparing its financial statements. Ibl Cashflow The charitable company qualifie5 35 a small company under the Companies Act 2006. The director5 have elected to take advantage of the exemption in FRS 102 not to prepare a cashflow statement. Income Grants and donation5 and all other income are accounted for on a receivable basis unless they are specifically restricted by the donors to projerts or to work that will be carried out in the future, in which case they are deferred to that period. Idl Sales of publications Sales of publications represent the amounts charged to buyers excluding Wdlue added tax. Page 10
LATIN AMERICA BUREAU IRESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charitvl Notes to the financial statements for the year ended 31 March 2024 continued Accounting policies Icontinuedl Expenses Expenditure is included in the statement of financial activities on an accruals basis. Expenditure incurred on activities falling dirertly within one cost category 15 attributed to that category. Expenditure, which involves more than one cost category including support costs, is apportioned on a reasonable, justifiable and consistent bas15 to the cost categories involved. Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charitable company to the expenditure. Governance costs comprise all costs involving public accountability of the charitsble company and its compliance with regulation and good practice. Stock Publications are valued at the lower of the unit printing and purchase cost or one third of the cover price after making due allowance for obsolete and slow moving items. Igl Foreign currencies Foreign currency transactions are translated into Sterling at the average monthly rate of exchange prevailing during the month of the transaction. Assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All revaluation differences and realised foreign exchange differences are taken into the income and expenditure account. Donations and subscriptions 2024 2023 Donations and subscriptions The Heart of Our Earth Projert ReGHID- Moving Forward Project Women Resisting Violence Project Reclama Project Environmental Defenders Project The Amazon in Times of War Project Research Engagement and Impact Miscellaneous- Vendors Capitalism Tran51ation/publishing rights 17,444 211 5,134 7,120 4,150 5,000 3,118 I,ioo 3,000 1,013 6,039 6,800 12,500 47,290 25,339 Page 11
LATIN AMERICA BUREAU IRESEARCH ANDACTIONI LIMITED IA company limited by guarantee and a registered charity) Notes to the financial statements for the year ended 31 March 2024 continued Cost of charitable activities Charitt7ble activities 2024 2023 Purchase and production of publications Website maintenance and updating costs Printingi Postage and stationery Insurance Voices and Amazon Besieged book events Heart of our Earth Project VOZ expenses Women Resisting Violence project Environmental Defenders Project Miscellaneous- Vendors Capitalism ReGHID- Moving Forward project Clamor RECLAMA Gross salaries Pension costs Subcontractor expenses Travelling and subsistence Freelance administrator fee5 Royaltie5 Book fair expenses Sales of arte53nia General expenses Other expenses Bank commission and charge5 4,052 4,166 86 497 1,622 4,036 261 497 100 1,533 87 1,947 1,328 70 4,661 945 2,900 131 394 9,000 192 9,948 loo 1,470 1,513 193 710 1,146 215 17,585 340 58 1.230 192J 5,134 315 242 47,805 37,807 Governance costs Independent examiner's fees 967 774 48,772 38,581 Staff c05t5 Nijmber of employees The average weekly numbers of employees during the year were.. Office and management 2024 Number 2023 Number Employment costs 2024 2023 Wage5 and 5alarie5 Other pension costs 9,000 192 17,585 340 9,192 17,925 No employee earned more than £60,000 per annum12023- none). Page 12
LATIN AMERICA BUREAU IRESEARCH AND ACTION) LIMITED IA company limited by guarantee and a registered charity) Notes to the financial statements for the year ended 31 March 2024 continued None of the trustees/directors received any remuneration during the current or preceding year other than as disclosed in note 12. Pension costs The company operates a defined contribution pension scheme in respect of the 2008 Pensions Act. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £19212023 - £3401 and is included in wages and salaries costs above. The rates applicable to the employees were 5% up to 5 April 2023. The rates applicable to the employer were 3% up to 5 April 2023. At the year-end no12023 - £751 contributions was outstandinE. Taxation The company 15 a charitable company. No provision fortaxation is therefore required. Stock5 2024 2023 Printed books for resale Digital books held by PAP 1,448 359 1,448 359 Stocks of publications have been valued at the lower of the unit print/purchase cost or one-third of cover price on expected sales, except for item5 of Slow moving and obsolete stock, which have been written off. Printed books are mainly unsold books bought from Prartical Action Publishing IPAPI for book events. PAP holds all book title5 owned by Latin America Bureau (Research & Action) Limited ILABI in digltal format. When a book title is soltl whether as a group licence or an individual title, LAB is entitled to receive a royalty. Debtor5 2024 2023 Vat recoverable Refund of Paypal 710 70 514 780 514 Page 13
LATIN AMERICA BUREAU (RESEARCH ANDACTIONI LIMITED IA company limited by guarantee and a registered charity) Notes to the financial statements for the year ended 31 March 2024 continued io. Creditors.. amounts falling due Within one year 2024 2023 Other taxes and social security costs Pension contributions- creditor Accruals 71 71 75 905 930 I,ooi 514 ii. Reconciliation of movements in total funds 2024 2023 IDeficitllsurplus for the year 2,123 f9,198J IDecreasel[Increa5e in total funds Opening funds 2,123 13,779 19,198) 22,977 Closing fund5 15,902 13,779 12. Related party transattions No trustees received any reMunet10n during the year. No trustees received any fees for professional services provided to the charity during the year12023- no trustees received £nill. Page 14
Independent ex3miner's report to the trustees on the unaudited financial statements of LATIN AMERICA BUREAU IRESEARCHAND ACTION) LIMITED. I report to the trustees on my examination of the financial statements of LATIN AMERICA BUREAU (RESEARCH AND ACTION) LIMITED forthe year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in attordance with the requirements of the Companie5 Act 20061'the Act'l. 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 20111.the 2011 Act'l. In carryinE out my examinBtion I have followed the Directions given by the Charity Commission under sertion 145151 Ibl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm 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 requirements of section 396 of the 2006 Art other than anv 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 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 141 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. David Warren. BA Cocke, Vellacott & Hill Chartered Accountants Unit 15 City Business Centre Lower Road London SE16 2XB 12 December2024 Page 15