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2021-03-31-accounts

COMPANY REGISTRATION NUMBER: 06720498 CHARITY REGISTRATION NUMBER: 1127253

LATIN AMERICAN HOUSE Company Limited by Guarantee Financial Statements 31 March 2021

SALEEMI ASSOCIATES Chartered accountants & statutory auditor 792 Wickham Road Croydon CRO 8EA

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Financial Statements

|

Year ended 31 March 2021

Page
Trustees’ annual report (incorporating the director's report) {
Independent auditor's report to the members 16
Statement offinancial activities (including income and
expenditure account) 20
Statement offinancial position 21
Notes to the financial statements 22
The following pages do notform part ofthe financial statements
Detailed statement of financial activities 34
Notestothedetailedstatementoffinancialactivities 35

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LATIN AMERICAN HOUSE

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 31 March 2021

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2027.

Reference and administrative details

Registered charity name LATIN AMERICAN HOUSE Charity registration number 1127253 Company registration number 06720498 Principal office and registered Latin American House office 10 Kingsgate Place Kilburn London NWE6 4TA

The trustees

Ms Judith Abanto- resigned 12/03/2021 Mr Raul Valdivia Mr Miguel Mercado Mr Enrique Saenz- Chair Ms Carolina Rodriguez Mr J J Jaramillo

Auditor Saleemi Associates Chartered accountants & statutory auditor Registered Auditors and Chartered Accountants 792 Wickham Road Croydon CRO 8EA

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Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) — continued Year ended 31 March 2021

CHAIR’s PREAMBLE

As an organisation, we have responded quickly and effectively to the challenges faced by thousands of members of the Latin American community in London and beyond as a consequence of the Covid 19 Pandemic. We also supported hundreds of Latin Americans on how they are present in this country because of Brexit. Sadly, Latin Americans were amongst those that departed, victims of the virus. Our sympathies are with their family members and friends.

The health crisis that unravelled from the start of the period covered by this report, in April 2019, continued, with ups and downs, throughout the cycle. The restrictions imposed on the running of most establishments (community, private or public) inevitably impacted all our services. However, the range of activities this report is testimony of, albeit diminished and delivered at a distance undera different model due to Covid, continued to underpin each of our strategic objectives: running an organisation that is competent and sustainable; advocating for the Latin American community and contributing to its wellbeing; furthering their skills, knowledge, experience and career paths; helping to recreate, generate and promote the Latin American cultures; being a source of information, and the opening of dialogues and widening participation.

While we made improvements to our community centre, we were limited in our objective of maximising its use from which a significant part of our income depends. This was because the demand went down for the use of meeting space and offices we make available. Yet another source of income such as fees charged for some of our services e.g nursery and Saturday school also shrank. In such a scenario we made most of the opportunities, as soon as they were available, of government and charitable funding programmes designed to mitigate the impact of Covid on organisations like us.

Core activities during a very challenging year were those in support of welfare needs particularly benefits, and employment and housing advice. A significant focus was also addressing the demand for immigration advice from (European) Latin Americans seeking to settle their status in the UK.

We concluded the year with increased staff capacity in the areas of welfare advice, adult education, communications and operations management, as well as with identified areas for future expansion as regards the needs of young people and the elderly in our community.

The contributions of staff, volunteers and colleagues Trustees over a period requiring adaptability, creativity and commitment warrants full recognition.

Enrique Saenz (Chair)

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) - continued Year ended 31 March 2021

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2021.

Organisational Structure

Latin American House hasa trustee board of no fewer than four members who meet six times a year and who are responsible for the governance of the organisation. In 2020/21 there were six trustees with a variety of backgrounds and skills relevant to the work of Latin American House. -

The organisation employed 21 staff (equivalent to 9 full time staff): the Director, a Finance Officer, a Welfare Benefits Advice Caseworker (from October 2020), an Office Manager (from November 2020), two EU Settlement Scheme officers, a Digital Transformation Manager and an Adult Education Coordinator (both from December 2020), a Culture Coordinator, a Nursery Manager, a deputy Nursery Manager, three Nursery nurses and two assistants, one Lead Teacher and four Teachers for the Spanish Saturday School for children, and two cleaners. In addition, Latin American House continued to count with a strong team of volunteers who support various departments. Responsibility for day-today management of the organisation is delegated to the Director who reports to the board of trustees on all aspects of the organisation’s work and development.

RISK MANAGEMENT

The board of trustees continually reviews the major risks to which the organisation is exposed. A risk register is updated at least annually, and this unprecedented year has been updated more frequently. It shows that improvements have been made since the last risk analysis and that appropriate systems are established to protect the organisation from a variety of risks. These include policies and procedures, such as equal opportunities policy, health and safety, confidentiality policy, insurance cover and regular monitoring systems. Where the risks can be mitigated further, the staff members and trustees take steps to address them to manage and minimise the organisation’s risks.

STRATEGIC REPORT

The following sections for achievements and performance and financial review form the strategic report of the charity.

Objectives and Activities

Latin American House was established in 1983 and was registered as a charity and company limited by guarantee in 2008.

The trustees have had due regard to the Charity Commission’s general guidance on public benefit when reviewing the organisation’s work and planning for its future work and ensure that the work will contribute to its aims and objectives. Latin American House’s charitable objects, as set out in its memorandum of association, are below:

To promote the benefit of all Latin American people principally but not exclusively living or working in the United Kingdom, particularly the Greater London area, without distinction of gender, sexual orientation, race, political, religious or other opinions, by associating local authorities, voluntary organisations or individuals in a common effort to advance education and to provide facilities in the interest of social welfare, for recreation and leisure time with the object of improving the conditions of life of such persons.

We work for the integration, social inclusion and well-being of Latin American and other Spanish and Portuguese-speaking migrants in London, as well as other communities in our diverse local

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Year ended 31 March 2021

neighbourhood. Our aims are to improve the life of Latin Americans, particularly those disadvantaged or vulnerable, to provide a local Community Centre and to promote the rich diversity of Latin American cultures.

Our Services include:

Achievements and Performance

COVID and the imposed lockdowns had effects on all our programmes and services this year. Our income from rents decreased sharply and ad-hoc hall hire collapsed. In particular, two of our licensees terminated their office space renting contracts with us as soon as restrictions related to COVID started just before the beginning of this financial year. Our income from hall hire disappeared just after that. Furthermore, most of the small donations from some of our users who traditionally have accessed our free services in person at Latin American House stopped altogether.

Except for children related projects, attendance in person at Latin American House also fell as a direct result of the imposed COVID related restrictions, from over 3,000 people in the year ending 31 March 2020 to less than 500 in the period related to this financial year.

Despite the severe effects of the pandemic, directly and indirectly, which in our case and that of our communities and given the nature of our beneficiaries and users were exacerbated in all possible fronts, and despite the problems that this added to Brexit represented, we were successful in swiftly adapting most of our services online, providing a remote quality service whenever possible. We were also successful in securing emergency, core and project grants which have allowed us to increase capacity and resources for some essential projects and to avoid using our reserves, ensuring that Latin American House is both resilient to adverse effects such as COVID and sustainable over the medium and long terms.

Our staff deserves credit and praise for their adaptability, commitment, enthusiastic efforts and flexibility in an exceptional period in order to provide a good service both remotely and face to face whenever possible.

For example, the new Adult Education programme started in December 2020. It has been a success since it was launched in terms of participants, with record numbers of students and volunteer teachers in all our ESOL courses. The remote classes allowed for students outside of Greater London to take part and for members of our communities to come together online.

The Spanish Saturday School for children adapted over night to online classes and this year we offered some free places to disadvantaged children with support from a grant by Big Issue Invest.

The Cultural Project delivered online classes on Quechua in collaboration with local community

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organisations based in London - such as Comunidad Rimanakuy, and renown academics and attendants throughout London, the UK and even overseas. In fact, our online programme achieved record audiences from London, the rest of the UK and several countries. It also organised talks and webinars on various subjects and topics from different countries, also celebrating and remembering key events and figures from Latin America, as well as concerts, workshops and other activities. We initiated the celebration of Peru’s 200 Years of Independence in partnership with the above and other community groups and renown organisations, which we aim to expand next year. More details of the different projects and services are given below:

1) Legal and Social Advice Service (LESAS)

LESAS provides advice, information and support on different topics including employment law, EU Settlement Scheme and welfare benefits. Our advisors, comprising a Welfare Benefits Caseworker (from October 2020) and two EUSS Applications Officers, as well as volunteers, advised, informed and supported people on issues relating to applications to the EUSS, welfare benefits, housing and employment emergencies and enrolment of children in school age, etc.

EU Settlement Scheme

Introduction

In 2020/21 LAH was repeatedly successful in its bids to secure extended funding by HM’s Government from April 2020 onwards to continue assisting vulnerable EU/EEA citizens and their families of Latin American origin for free to apply for leave to remain in the UK following Brexit and the end of free movement across the European Union. We helped 1,529 applicants to the EU Settlement Scheme in different aspects - from understanding the Scheme’s requirements to end-to-end help in applying directly and resolving issues they had during the later stages of applying. We focussed on helping applicants with a lack of English or IT skills, or other vulnerabilities such as precarious working and living arrangements, economic disadvantage, disability and experience of domestic violence.

Our core EUSS team during this period consisted of two OlSC-regulated advisors and volunteer interpreters for Portuguese speakers who didn’t speak neither English nor Spanish.

Support and challenges

A significant proportion of applicants were not EU/EEA citizens but their family members. The process of applying was in their case often more far drawn out and complicated. We sought to accompany and support them at each twist and turn of this process, which often lasted many months.

The outbreak of the pandemic threw up severe obstacles for applicants and forced us to adopt new ways of assisting them. This ranged from the suspension of Home Office services and the subsequent backlogs to the effect of travel restrictions on meeting Home Office eligibility criteria. Furthermore, we were made aware of the terrible effects of the virus on the health and livelihoods of the communities we serve. Due to the pandemic, we worked remotely and assisted individuals in person when necessary. We used WhatsApp to make contact easier, and video calls to recreate the in-person experience as much as possible when necessary.

To spread information about the Scheme and our service we contacted community groups including food aid projects and assisted their users directly. We then received referrals from them. With the support of CLAUK, we used Spanish and Portuguese language social media such as newspaper platforms for interviews, articles and video. Instead of physical events in the community we held a series of webinars, attracting hundreds of people. We also spoke at online events hosted by other

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community organisations. The informational support consisted of telling people in Spanish and Portuguese about the Scheme, the need to apply and the deadlines, and the support we offered.

Outcomes and Impact

Most people we assisted were from Latin American backgrounds. Of these, the most common countries of origin were Colombia (17%), Spain (13%), Ecuador and Brazil (11%) and Dominican Republic (9%). We also supported Spanish and Portuguese speakers from non-Latin American countries such as Equatorial Guinea and Morocco.

The majority of applicants lived in London, but an increased number came from outside the capital. The largest proportion hailed from the London boroughs of Southwark (13%), Lambeth (10%), Brent (9.5%), with 9.5% also from Outside London. This last figure reflects how our geographical reach expanded during the pandemic as we assisted applicants remotely. Of these over two thirds (68%) were female.

We explained to potential applicants how to apply, developing practical tools in the process such as our own Spanish and Portuguese guides to using the app. We helped those who needed it to apply and to gather the evidence necessary to accompany the application. We also assisted applicants where necessary to follow up applications, resolving any problems along the way. Finally, we explained to applicants what getting their status meant, and what they had to do next.

We aiso sought to provide help and reassurance considering the anxiety many people felt at the prospect of having to ‘prove’ their right to live in the UK, especially among older applicants. This anxiety was compounded by the ever-changing Brexit panorama, with constantly changing deadlines and the threat of ‘no deal’. At each critical juncture we therefore organised webinars and used social media to provide trustworthy information.

Finally, we found that a notable number of applicants had been charged extortionate amounts in exchange for inadequate help to apply to the Scheme. We sought to remedy these situations and warn others via our website and in person.

Feedback as measured by our in-house survey of 115 service users was positive or very positive, with more than 9 out of 10 scoring our service positively or very positively on different counts. We received comments such as: “Buen servicio el seguimiento que haces es buenisimo”(a good service, the follow-up provided is excellent). “La mejor ayuda que podia recibir ya que estaba desorientada” (The best help | could get, as | was disorientated)

Notes

The Scheme was designed to give EU/EEA citizens and their families living in the UK a legal basis on which to remain after Britain left the European Union. Either limited leave to remain, known as presettled status, or indefinite leave to remain (settled status). On 31 December 2020 the transition period following departure ended, although EEA citizens and their families in the UK by the date were given a further 6 months to apply to remain.

Welfare Benefits Advice

Advice on welfare benefits, housing and employment laws was a new dedicated service provided at Latin American House from October 2020. The service, initially for six months, was part of a joint project together with five other CLAUK members, to support service users during the Covid 19 situation which had huge impact to our community.

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During the first three months we already had supported over 230 service users. We tried to triage our service users to have priority appointments and give the service to those who were in desperate need of help. The main support provided to service users was mainly regarding welfare benefits, employment law and housing. Support and information on other matters such as taxes, the old benefits system and issues such as finding schools for children of clients and self-assessment was also offered. The bulk was on demand on inquiries and support dealing with cases on welfare benefits, especially for Universal credit (UC). This was around 60% of service users. For exampie, things such as how to make a claim and report change of circumstances. From October to December the service was delivered face to face one day a week and remotely two days per week. Due to demand it was attempted to deliver two days face to face at the office but were forced to stop for the second lock down. There were also webinars about Universal Credit & COVID19, and Welfare Benefits and Brexit.

January to March was a busy period. Appointments were now held via telephone and ail the procedures were changed. Most of the inquiries we had were about issues such as how to apply for National Insurance, Universal Credits (applications, change of circumstances), Housing (rent arrears, disrepair's, evictions) and Employment (furlough, dismissals, and missing payments). There was an increase in men searching our services. The other main group that has increasingly been contacting us for help were people over 60. We also had incoming referrals for PIP from Brent social workers. Almost 40% of cases dealt with were on universal credit. The numbers of PIP form filling increased among Portuguese service users, with most of the service users being from North London boroughs such as Brent and Haringey. However, we also have had clients from all over London, particularly Lambeth and Southwark, and even people from outside London, in Manchester and Chester.

Most service users are EU citizens from Ecuador, Peru, Argentina, Chile, Bolivia, Nicaragua and Dominican Republic. A few of them are European, such as Spanish or Portuguese. We supported a few single mums who arrive to the UK with children and who have unfortunately expected to receive welfare benefits straight away, and we do ail we can to ensure they get the best possible financial help. Over 80 service users were supported with provision of casework, follow ups and inquiries.

In collaboration with the EUSS Project, we delivered a webinar “BREXIT IN 2021: QUE CAMBIA?” at the beginning of the year, with good participation as in the other webinars. In February 52 service users were supported. It took at least three days to get back to requests due to demand. The main demands were inquiries about welfare benefits (around 45%), followed by housing inquiries and employment. In March around 34 service users were supported mainly related too to welfare benefits, with users being a mix of female and male, including elderly who said they were feeling lonely and could not find support for people of their age.

In general, the most inquiries relate to Universal Credits, followed by Housing issues during February and March. Also, | started seeing more services users regarding pension and family, cases such as divorce or parents requesting access to their children. We had referrals from Parents and Communities Together (PACT), new mums with children that want information about their rights to request welfare benefits. In March we delivered a well-attended webinar “Todo lo que debes saber sobre P45, P60 y Nomina’. Overail, the project has had a positive impact. The community has benefited in various ways in such as difficult time. Although the project started for six months only until the end of March, LAH is committed to continue this service next year.

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2) Children’s Education in Spanish and English

Our Children’s Education Project currently consists of Menchu Nursery and a Spanish Saturday School. The nursery, rated ‘good’ by OFSTED, offers bilingual education for children aged two to four years old. The Spanish Saturday School is for children aged 5 to 12.

Centro Infantil Menchd (Mencht Nursery)

This was a very challenging year for our nursery, which also suffered the effects of the COVID related restrictions.

In April we were in total lockdown due to COVID-19. However, and despite the challenge of engaging toddlers remotely via a computer, our work with children and families didn't stop. We managed to change to deliver short daily Zoom sessions from the very beginning, and we did a total of 60+ over the months we stayed at home.

Sessions were fun, interactive, and educational. The lockdown brought a creative side to the top and parents were very grateful for the work we continued doing during these difficult times. During the online sessions we read stories, explored our own neighbourhoods, sang and danced, did some exercise, played games, did lots of arts & crafts, cooked, did experiments, dressed up, planted seeds and watched them grow, and celebrated ail our birthdays!! Parents were obviously less involved in activities due to the COVID restrictions and imposed lockdowns, but there were some activities and children were encouraged to do some homework with the help of their parents and their artwork was shared in the sessions for everyone to enjoy.

Our organisation remained committed to its staff and the nursery was the only department where some staff was put in furlough, only part-time or for necessary and short periods of time.

Spanish Saturday School

This supplementary school runs Spanish lessons with an emphasis on Latin American culture. Due to the exceptional circumstances this year, classes have been online since April 2020. The age of children ranges from 5 to 12 years old. The majority are primary school age and going forward we would like to expand our classes for secondary school children and teenagers. Most of them come mainly from Latin American or Spanish families and a few are of British origin or other backgrounds. The classes for Reception to Year 3 are the most popular.

Morning and afternoon we continue with the Spanish lessons, and we have created two new afternoon online classes for children in Year 2 and Year 4-6. Thanks to our amazing team of teachers who helped during these challenging times and to the parents who helped to adapt to this new way of learning we have students enrolled not only from London, but diverse areas from the UK. Between 2020 and 2021 the children have undertaken activities, including:

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During the year we have been working in four main topics in Spanish: Environment, workshops, culinary and Latin American culture. Also, the students enjoyed playing with words and doing ludic activities. For next year we would like to secure the National Resource Centre for Supplementary Quality Mark and we would also like to offer education continuity to children after 11 years old, as at the moment once we finish the last course at our Saturday School, some lose the connection with their communities and stop attending activities with other children of Latin American backgrounds.

3) Adult Education (Adult Community Learning)

In another first during this year, Latin American House recruited a dedicated Adult Education Coordinator in December 2020. The Adult Education Project at Latin American House consists of the delivery of ESOL (English for Speakers of Other Languages) classes, employability workshops and Spanish courses with the aim to respond to the community and local needs.

ESOL General English courses

The courses are intended to develop the learners’ communicative English language speaking and listening skills for use in real life whatever the purpose, whether for immigration, work, study, leisure or employment. Even though the focus is on the development of speaking and listening skills, there is work on reading and writing as well as language: grammar, vocabulary and pronunciation.

The courses started in January and ran for 10 weeks. Then, a new set of courses was delivered from April to June for another 10 weeks. Because of current restrictions, it was decided that the mode of delivery would be online. Students attend two lessons of 2 hours per week. Lessons were scheduled in the evenings in order to respond to the students’ needs in terms of their professional and personal lives so that they would not conflict with their work or childcare responsibilities.

Classes are taught by a team of seven volunteer teachers recruited by the Coordinator. All volunteers are either qualified or working towards a teaching qualification. Their qualification is a level 5 teaching qualification awarded by Cambridge University or Trinity College London, recognised all over their world among English Language training providers and professionals. Later in the project, two of the volunteers were successfully appointed as Employability Tutors.

First stage of the project

Initially, residents were asked to complete a questionnaire to express their interest and to tell us about their needs as well as their areas of work. This way, we could use this information to ensure we offered a programme which was bespoke and which catered for their specific needs.

There was a total of 159 responses. Some of the information gathered helped us shape the programme. For example, students were based all over London and in other parts of the UK which required the need for an online delivery. In terms of their level of competency, students ranged from a very basic command of English to a high level of proficiency. This resulted in the need for a thorough initial assessment and the creation of different class levels. Students were from a wide range of nationalities with a high proportion of Brazilians. Their educational backgrounds and occupations varied too from low to high skilled jobs. In most cases, they were new to the UK and looking for work or wishing to improve their career prospects.

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Once questionnaires were completed, students were contacted to complete assessments which were carried out online on Zoom. in these assessments, we tested their speaking and listening skills as well as their literacy and writing so that they could be placed into the appropriate levels. Between January and April there was a total of 115 assessments.

Achievement and Impact

The first set of general English courses which ran between January and March achieved excellent results in terms of engagement and interest with a total of 80 enrolments. The intake for the second cohort was siow to begin with. On the other hand, since these courses were advertised on Social Media and the newsletter there was an increased number of expressions of interest. There were 49 enrolments as of the end of April 2021.

in order to measure and evaluate the level of student satisfaction, students were asked to complete a short survey during their first course of study. In terms of the overail results, students were highly satisfied with their classes. 77% of students rated their class with the highest score of 5. This could be attributed to the professionalism and expertise of their teachers and the high quality materials used in the sessions hence its good value for money. Some students expressed the level of the class could be better. 20% of students rated the level of the class below 5. In some cases it became too challenging for some whilst others did not feel sufficiently stretched. For this reason, we offered some students additional 1-2-1 lessons before their class with one of our volunteers.

At the end of the first set of General English courses, students completed a questionnaire to evaluate the effectiveness and impact of these courses. Students expressed a high level of satisfaction with the courses. 72% of students gave the highest score of 5 and a further 19% the second highest score of 4. Similarly, in relation to the level of the course, a 66% and 22% of students were satisfied with the level of the course showing they were challenged and stretched appropriately.

In terms of their impact, students expressed courses had a positive effect on all the areas in the survey. First, there were benefits in terms of their education and overall development. Courses also improved their mental health and wellbeing as well as skills, strengths and assets. Moreover, students expressed they were better able to respond to changing circumstances and that they had had more social contact. These last two areas were particularly important during the Pandemic. Finally, to a lesser extent, even though it was still positive, there was some impact on the areas of accessing health and social care and in terms of their physical health.

Spanish course

For the first time since the Pandemic began, we were able to run a face-to-face course at Latin American House. The course was delivered on Saturdays 11:00-13:00 by one of our Adult Education Tutors. This course, meant for parents of children on the Saturday School and other residents was aimed at developing the language skills of those who speak some basic Spanish. The level corresponded to an A2 level (elementary — pre-intermediate).

Employability

For the employability courses, four groups were created which were scheduled in the mornings and evenings to cater for the different needs among the residents. The groups were divided into lower (elementary and pre-intermediate) and higher (intermediate and upper intermediate) levels.

These courses were delivered in the month of April and there were 22 enrolments.

The workshops were meant to develop the language skills of service users who needed to improve their career prospects or find their first jobs. Among some of the sessions we delivered were: assessing your experience, skills and personal qualities and jobs and opportunities, writing your CV.

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Unfortunately, only a small number of students attended the sessions with 10 as the highest number per week. This was probably due to a lack of publicity and marketing.

In order to increase the number of enroiments, employability courses were embedded into our General English courses. This way, each group received an employability module once a week. The sessions were delivered by our employability tutors as well as our general English volunteers. This new mode of delivery was meant to promote courses and give learners the opportunity to take part in “taster sessions” with the plan to resume these workshops later in May or June.

4) CULTURE

Thanks to funding from the London Community Response Grant and Brent Council we were able to continue the Culture Project for part of the financial year. The start of the financial year 2020 brought with it the Pandemic and its associated consequences. All live and presential events were cancelled. It was not easy at the beginning to rethink how to continue to provide a cultural service to the community, virtually and with a small budget. We took on the challenge and against the odds we managed to havea fructiferous and successful year.

Due the circumstances, all events were virtual, but despite this we managed to diversify and to include a different range of artistic performances, workshops, physical exercises, inspirational talks, indigenous languages, courses, webinars, festivals, space to share stories, family entertainment, children’s activities, women issues, music, dance and some other activities to help keep the community together, healthy, safe and entertained.

Some of the data below have been taken from YouTube but mainly from Facebook insights. There may be some human or unintentional mistakes, which were general obstacles that a relatively small organisation like us faced when adapting to move everything online and at the same time collecting data or monitoring and evaluating activities.

Cultural Activities online Cultural Activities online Cultural Activities online
Numberof
events		 Social Media
Views orpublic		 Volunteers
taken part		 Registrations to
courses
reach 80 329 269
72 79,297
ofwhich:
Participation Women Byages 4% 25% 20% 13%
bygender 62% under24 25 to 34 35 to 44 44+
Men By ages 3% 26% 15% 8%
36% Under 24 25 to 34 35 to 44 44+
Participation
and social		 UK54%
 lofwhich62% Argentina
in Greater
24%		 Mexico
5%
media views London China &
by location
14%

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How did we reach these totals?

||Events||
Number of
|
occurrences ||Publicviews|
orreach||Volunteers |People
taken part | Registered||Volunteers |People
taken part | Registered||Volunteers |People
taken part | Registered|||Numberof
Attendees| |---|---|---|---|---|---|---|---|---| ||||||||||| ||Cooking and Exercise|10|10,386||4|n/a||n/a| |||videos|||||||| ||Children activities and|12|17,336||32|n/a||n/a| ||storytelling videos|||||||| ||Courses, webinars and|12|20,729|||329||260| ||workshops -Zoom|||||||| ||Festivals videos live and||13,035||22|||| ||pre-recorded|||||||| ||Supporting other||4,347||12|||| ||organisations posts and|||||||| ||videos|||||||| ||Other: Links to LAH
website|11|779|1
||1||||

Overall, the project delivered activities for people of all ages and backgrounds showcasing Latin American cultures, bringing communities together online and improving mental health. The online figures were a surprise even to us, as the previous year less than 400 people had taken part directly in cultural events. The face-to-face activities are still missed, and we are hopeful to secure some funding in order to restart the Culture project as restrictions ease.

5) Community Centre — Latin American House is also a Community Centre where people come for information, orientation and just to feel at home in a Spanish-speaking environment. During this year we were not able to make use of it due to the lockdowns and restrictions. Still, we continued to invest in some essential and much needed layout changes, replacements and improvements in the Centre. We are committed to improve our premises over the next years.

Financial Review

Our key financial aim remains being a financially sustainable organisation and it is thanks to our dedicated team that we continue to do so. We are grateful to our clients (this year chiefly our remaining licensees), donors and funders for their support, without which we would have hada critical year. We have managed to increase our reserves to enhance our preparedness for unexpected situations like the one we lived this year and our resilience overall.

The much-needed improvement to parts of our Centre - the Latin American House, including staff

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premises in 2020 and 2021 enable the organisation to provide a COVID-safe place for staff, visitors and volunteers. We improved our community kitchen and toilets, as well as one classroom overall, and changed carpet throughout several classrooms.

LAH now generates income from a diverse range of sources. The main sources of income to the charity this year were grants from Trusts and Foundations and one government grant, rents, and some income from children education. Project grants included the grant award from HM Government to finance the EU Settlement Scheme project and emergency grants from Trusts and Foundations and the London Community Response Fund. They allowed us to run the adult education programme, the welfare advice service, the Culture project and to hire a dedicated Digital Transformation Manager.

This year we were also lucky to count with some unrestricted funding. The children education project experienced an understandable income fall as many parents of toddlers worked from home and did not send their children to the nursery and some parents of older children from the Saturday School were not willing to pay for online classes.

In the absence of grant support to cover the costs for a welfare advisor from April 2021, the trustees agreed to defer a core grant in order to continue this essential service.

Reserves policy and going concerns

Reserves are needed to bridge the gap between spending and receiving of income and to cover unplanned emergency repairs to our premises and other expenditure. In addition, due to the wider economic circumstances, the trustees consider that the ideal level of reserves as of 31 March 2021 would be £120,000. Trustees will also consider drafting a reserves policy per se for the next financial year.

Our balance sheet remains strong with net current assets of £188.2k and the ownership of our building in an area of London with visible growth and which is being given priority as per the local council plans.

Income and Expenditure

Total income of £445.3k represented a 6% increase on the preceding year £420.2k, and total expenditure at £396.5k was slightly less than the previous year (398.2k).

Future Plans

Brexit and COVID continue and will continue to have many expected and unexpected effects in those members of our communities who are EU nationals or family members of EU nationals. We will therefore aim to secure further funding from the government to continue offering support with the EU Settlement Scheme. In part due to the above as well, the demand for our welfare advice service clearly exceeds our capacity at present and we will therefore aim to provide the service on more days per week.

Different parents of children attending the nursery or Saturday School continue to ask about provision of children activities during school holidays, or things such as after-school clubs, as well as activities for those older than 11 years old. At the same time, the number of families of Latin American backgrounds with children in London has increased and is increasing. We will therefore explore the possibility of securing funding for a dedicated Children and Young People Coordinator to expand our offer to children of more ages throughout the school calendar and on holidays, including children between 12 and 16 years old.

13

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) - continued

Year ended 31 March 2021

We will also try to re-start a dedicated Culture Project as it proved so successful for the time it run, and because people are willing to get together once again. We may expand our Adult Education offer, directly with our tutors and volunteers and through existing and new collaborations with local councils, local colleges and other educational institutions and major organisations.

It is also obvious that a new group of people reaching to us more often are older people — who have been particularly affected by COVID and its collateral effects, and we will have to look at a potential dedicated provision for this growing group. Many members of our communities who first reached the UK in the 70s and 80s are now retired and there is not much provision for over 60s Spanish speakers.

We recognise that further improvements to our Centre (the Latin American House) are necessary on an ongoing basis for the above and as part of our commitment to continuous improvement, and we remain committed to fulfil those improvements as much as possible.

We have in place a partnership with Oxford’s University Centre on Migration, Policy and Society (COMPAS) and are collaborating in the research on the effects of Brexit and Covid on the Latin American population in London. Because these are major changes for our society and our communities in the UK in particular, we will endeavour to continue collaborations which seek to understand their effects through primary research. In addition, we will also continue to develop consultations with our beneficiaries and asking for feedback, to ensure that our activities and services adapt to and address their needs and evolve to the changing circumstances, as we learn first-hand what are the effects of events like the ones above. We will also develop better and more relationships with our existing and new funders. We will strengthen both our brand name and our capacity to continue supporting the growing members of the Latin American communities in Greater London and beyond.

Trustees’ responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

14

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) - continued

Year ended 31 March 2021

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The trustees’ annual report and the strategic report were approved on 04'" December 2021 and signed on behalf of the board of trustees by:

Mr Enrique Saenz Trustee

15

LATIN AMERICAN HOUSE Company Limited by Guarantee Independent Auditor's Report to the Members of LATIN AMERICAN HOUSE Year ended 31 March 2021

Opinion

We have audited the financial statements of LATIN AMERICAN HOUSE (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

16

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Independent Auditor's Report to the Members of LATIN AMERICAN HOUSE (continued)

Year ended 31 March 2021

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. !f, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

17

LATIN AMERICAN HOUSE Company Limited by Guarantee Independent Auditor's Report to the Members of LATIN AMERICAN HOUSE (continued) Year ended 31 March 2021

Our audit procedures in relation to fraud included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Saleemi Associates Chartered accountants & statutory auditor 792 Wickham Road Croydon CRO 8EA

Date : 17° December 2021

Saleemi Associates is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

19

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Independent Auditor's Report to the Members of LATIN AMERICAN HOUSE (continued)

Year ended 31 March 2021

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the Charity and its activities, we identified that the principle risk of non-compliance with law and regulations related to the Charities Act 2011, the Charities Statements of Recommended Practice, UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption and fraud, money laundering and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the presentation of the financial statements, such as the Companies Act 2006.

We evaluated the trustees’ and managements’ incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principle risk were related to manual journal entries to manipulate financial performance, management bias through judgements and assumptions is significant accounting estimates, in particular in relation to use of restricted funds, and significant one off or unusual transactions.

Our audit procedure were designed to response to those identified risk, including non-compliance with law and regulations (irregularities) and fraud that re material to the financial statements. Our audit procedure included but were not limited to:

18

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2021

2021 2020
Unrestricted Restricted
funds funds Totalfunds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 57,954 - 57,954 6,352
Charitable activities 6 135,745 222,258 358,003 383,818
Other trading income 7 29,268 - 29,268 29,856
Investment income 8 48 - 48 145
Total income 223,015 222,258 445,273 420,171
Expenditure
Expenditure on charitable activities 9 174,609 222,258 396,867 398,172
Total expenditure 174,609 222,258 396,867 398,172
Net income and net movement in funds 48,406 - 48,406 21,999
Reconciliation offunds
Total funds brought forward 2,840,691 11,905 2,852,597 2,830,598
Totalfundscarriedforward 2,889,097 11,905 2,901,002 2,852,597

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 22 to 32 form part of these financial statements.

20

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Position

31 March 2021

2021 2020
Note £ £
Fixed assets
Tangible fixed assets 15 2,712,805 2,715,173
Current assets
Debtors 16 45,148 31,118
Cash at bank and in hand 220,364 152,141
265,512 183,259
Creditors: amounts falling duewithin oneyear 17 77,315 45,835
Net current assets 188,197 137,424
Total assets less current liabilities 2,901,002 2,852,597
Net assets 2,901,002 2,852,597
Funds of the charity
Restricted funds 11,905 11,905
Unrestricted funds:
Revaluation reserve 2,500,000 2,500,000
General funds 63,002 70,350
Designated funds
e
Working capital reserve		 68,023 63,841
e
Covid recoveryfund		 51,571 -
e
Property cost		 206,500 206,500
Total unrestricted funds 2,889,097 2,840,691
Totalcharityfunds 20 2,901,002 2,852,597

These financial statements were approved by the board of trustees and authorised for issue on 04'" December 2021, and are signed on behalf of the board by:

Mr Enrique Saenz Trustee

The notes on pages 22 to 32 form part of these financial statements.

21

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Latin American House, 10 Kingsgate Place, Kilburn, London, NW6 4TA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

22

LATIN AMERICAN HOUSE Company Limited by Guarantee Notes to the Financial Statements (continueg

Year ended 31 March 2021

  1. Accounting policies (continuea)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: e expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

23

LATIN AMERICAN HOUSE Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 20% straight line Equipment - 20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

24

LATIN AMERICAN HOUSE Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2021

3. Accounting policies (continued)

Financial instruments (continued)

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

  1. Limited by guarantee

The Charity is a registered in Companies House as Company limited by guarantee and has no share capital. Every member of the Company undertakes to contribute such amount as my be required (not exceeding 1 (pounds)) to the Company's assets if it should be wound up while he or she is a member or within a year after he or she ceases to be member, for payment of the Company's debts and liabilities contracted before he or she ceases to be a member, and of the cots, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.

25

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2021

5. Donations and legacies income

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations 5,071 - 5,071
Corporate donations 1,311 - 1,311
Covid Business Grants 51,572 ~ 51,572
57,954 — 57,954
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Donations 4,782 - 4,782
Corporate donations 1,570 ~ 1,570
6,352 - 6,352

6. Charitable activities income

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Corporate projects 64,346 16,832 81,178
Children's Education 41,775 108,569 150,344
LESAS 17,800 85,857 103,657
Culture 11,824 5,000 16,824
Adult Community Learning - 6,000 6,000
135,745 222,258 358,003

26

.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continue

Year ended 31 March 2021

6. Charitable activities income (continued)

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Corporate projects 63,594 12,500 76,094
Children's Education 124,945 108,099 233,044
LESAS - 69,380 69,380
Culture _ 5,300 5,300
188,539 195,279 383,818

Grants are reclassified under Charitable activities income under Corporate projects.

Income from surplus office space is reclassified under Charitable activities income under Corporate projects.

The comparatives are amended to reflect the reclassification.

  1. Other trading income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Licence fee income 29,268 29,268 29,856 29,856

The licence fee income of the ground floor premises is reclassified to Other trading income.

The comparatives are amended to reflect the reclassification.

27

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continuea Year ended 31 March 2021

8. Investment income

Unrestricted TotalFunds Unrestricted Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Bank interest receivable 48 48 145 145
48 48 145 145
Expenditure on charitable activities byfund type
Unrestrict
Restricted		 Total Funds
ed Funds Funds 2021
£ £ £
Corporate Projects 81,070 - 81,070
Children's Education 36,587 108,569 145,156
LESAS _ 69,154 69,154
Culture 11,857 5,000 16,857
Adult Community Learning - 5,988 5,988
Support costs 45,095 33,547 78,642
174,609 222,258 396,867
Unrestricted
Restricted		 Total Funds
Funds Funds 2020
£ £ £
Corporate Projects 48,600 - 48,600
Children’s Education 87,625 108,099 195,724
LESAS - 54,818 54,818
Culture 1,620 5,300 6,920
Support costs 74,494 17,617 92,111
212,339 185,833 398,172

9. Expenditure on charitable activities by fund type

The expenses relating to rental income are reclassified under Expenditure on Charitable activities under Corporate projects. The comparatives are amended to reflect the reclassification.

28

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2021

10. Support cost allocation between charitable activities

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Total|Funds|Total|Funds| |2021|2020| |£|£| |Children’s|Education|34,211|31,381| |LESAS|29,486|31,545| |Culture|9,469|15,299| |Adult|Community|Learning|5,475|13,887| |78,642|92,111| |11.|Net|income| |Net|income|is|stated|after|charging/(crediting):| |2021|2020| |£|£| |Depreciation|of tangible|fixed|assets|2,368|3,168| |12.|Auditors|remuneration| |2021|2020| |£|£| |Fees|payable|for the|audit|of the|financial|statements|2,286|2,160| |13.|Staff costs|

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |The|total|staff costs and|employee|benefits|for the|reporting|period|are|analysed|as|follows:| |2021|2020| |£|£| |Wages|and|salaries|255,466|259,977| |Social|security|costs|15,596|14,943| |Employer|contributions|to|pension|plans|11,921|10,538| |Other|staff|related|cost|25,245|20,825| |308,228|306,283|

----- End of picture text -----

The average full-time equivalent head count of employees during the year was 12 (2020: 10).

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees

29

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2021

15. Tangible fixed assets

Freehold Fixtures and
property fittings Total
£ £ £
Cost
At 1 April 2020 and 31 March 2021 2,706,500 11,841 2,718,341
Depreciation
At 1 April 2020 - 3,168 3,168
Charge for the year - 2,368 2,368
At 31 March 2021 - 5,536 5,536
Carrying amount
At 31 March 2021 2,706,500 6,305 2,712,805
At31March2020 2,706,500 8,673 =2,715,173

All the conditions on our property acquisition have now been met, and therefore the building at 10 Kingsgate Place is now fully owned by LAH. The building has been re-valued and is now shown on the Balance Sheet at market value. The property was revalued on 10 September 20715 using local estate agents.

16. Debtors

2021 2020
£ £
Trade debtors 15,148 2,678
Prepayments and accrued income - 1,410
Other debtors - cash float held at payroll company 30,000 27,030
45,148 31,118

17. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 10,392 34,787
Accruals and deferred income 60,828 2,100
Other creditors 6,095 8,948
77,315 45,835

30

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2021

18. Deferred income

2021 2020
£ £
Amount deferred in year 59,228 -
At31March2021 59,228 ~

19. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £11,921 (2020: £10,538).

20. Analysis of charitable funds

Unrestricted funds

At
At 31 March 20
1 April 2020 Income Expenditure Transfers 21
£ £ £ y £
General funds 70,350 223,015 (174,609) (55,753) 63,002
Revaluation reserve 2,500,000 - - ~ 2,500,000
Designated Fund
e Working capital
reserve 63,841 - - 4,182 68,023
e Covid recovery fund — - ~ 51,571 51,571
e Property cost 206,500 - — - 206,500
2,840,691 223,015 (174,609) — 2,889,097
At
At 31 March 20
1 April 2019 Income Expenditure Transfers 20
£ £ £ £ £
General funds 64,977 217,712 (212,339) - 70,350
Revaluation reserve 2,500,000 - -- - 2,500,000
Designated Fund
e Working capital
reserve 56,661 7,180 - - 63,841
e Property cost 206,500 - _ - 206,500
2,828,138 224,892 (212,339) - 2,840,691

31

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continuea

Year ended 31 March 2021

20. Analysis of charitable funds (continued)

Restricted funds

----- Start of picture text -----
At
At 31 March 20
4 April 2020 Income Expenditure Transfers 21
£ £ £ £ £
Restricted Fund 11,905 222,258 (222,258) — 11,905
At
At 31 March 20
1 April 2019 Income Expenditure Transfers 20
£ £ £ £ £
Restricted Fund 2,460 195,279 (185,834) - 11,905
----- End of picture text -----

Revaluation reserve of £2,500,000 and 206,500 out of designated funds are unrestricted funds but not available to use as these funds are tied up in cost and revaluation of the building.

21. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Tangible fixed assets
e Freehold property 2,706,500 - 2,706,500
e Fixture and fittings 6,305 - 6,305
Current assets 253,607 11,905 265,512
Creditors less than 1 year (77,315) - (77,315)
Net assets 2,889,097 11,905 2,901,002
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Tangible fixed assets
e Freehoid property 2,706,500 — 2,706,500
e Fixture and fittings 8,673 - 8,673
Current assets 171,354 11,905 183,259
Creditors lessthan 1 year (45,835) - (45,835)
Netassets 2,840,692 11,905 2,852,597

32

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Management Information

Year ended 31 March 2021

The following pages do not form part of the financial statements.

33

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2021

2021 2020
£ £
Income and endowments
Donations and legacies
Donations & Other 5,071 4,782
Corporate donations 1,311 1,570
Covid Business Grant 51,572 -
57,954 6,352
Charitable activities
Corporate projects 81,178 76,094
Children's Education 150,344 233,044
LESAS 103,657 69,380
Culture 16,824 5,300
Adult Community Learning 6,000 -
358,003 383,818
Other trading income
Licence fee income 29,268 29,856
Investment income
Bank interest receivable 48 145
48 145
Totalincome 445,273 420,171

34

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continueg

Year ended 31 March 2021

2021 2020
£ £
Expenditure
Expenditure on charitable activities
Wagesand salaries 255,466 259,977
Employer's NIC 15,596 14,943
Pension costs 11,921 10,538
Other staff related cost 25,245 20,825
Rates and water 1,714 7,121
Lightand heat 13,809 18,047
Repairs and maintenance 30,833 15,648
Insurance 3,656 3,524
Legal and professional fees 2,998 3,145
Telephone 1,937 1,607
Other office costs 3,357 5,078
Depreciation 2,369 3,167
Bank fee and other charges 83 124
Other direct cost 21,398 31,773
Website & software cost 3,067 294
Marketing 3,418 2,361
396,867 398,172
Totalexpenditure 396,867 398,172
Netincome 48,406 21,999

35