2022-03-31-accounts - Latin American House

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COMPANY REGISTRATION NUMBER: 06720498 CHARITY REGISTRATION NUMBER: 1127253

LATIN AMERICAN HOUSE Company Limited by Guarantee

Financial Statements

31 March 2022

SALEEMI ASSOCIATES

Chartered accountants & statutory auditor 792 Wickham Road Croydon CR0 8EA

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2022

	Page
Trustees' annual report (incorporating the director's report)	1
Independent auditor's report to the members	15
Statement of financial activities (including income and
expenditure account)	19
Statement of financial position	20
Notes to the financial statements	22
The following pages do not form part of the financial statements
Detailed statement of financial activities	33
Notes to the detailed statement of financial activities	35

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

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 2022.

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 NW6 4TA

The trustees

Ines Hermida (appointed from 24 April 2021) Juan J Jaramillo (resigned 31 March 2022) Miguel Mercado Enrique Saenz Raul Valdivia Henry Webb (appointed from 24 April 2021)

Auditor Saleemi Associates Chartered accountants & statutory auditor Registered Auditors and Chartered Accountants 792 Wickham Road Croydon CR0 8EA

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

Chair’s Preamble

“We must be recognised for who we are, for our children, for our grandchildren […] We always have to put ‘other’ [in forms and in the census] […] We have to be recognised because we are doing very positive things for this society. We are business owners, we are doctors, we are lawyers, we work in banks, we study in university, we clean and work in the hospitality […] We deserve being recognised for our children, for our future”

The above testimony from Vicky of Colombia was captured in a research by the Centre on Migration, Policy, and Society (COMPAS) of the University of Oxford in collaboration with Latin American House (LAH, done during the period covered by this report.

It is for all those people referred to by Vicky that LAH exists and continues to serve as this reports gives account of.

As with the wider society, Latin Americans continued to be impacted by COVID. For thousands, the effects of BREXIT compounded this. In the face of it we sustained help to members of our community to regularising their status in the UK.

The effects of COVID had other ramifications both for individuals and for us as an organisation. Its economic impact translated into increased demand for advice about health, housing, employment, access to benefits and more issues. It was therefore significant that in early 2022 we secured long-term funding to help us consolidate the offer of a welfare benefits advice service. This has been of great benefit for hundreds of Latin American people.

Same funding also helped to affirm a culture and communities’ programme with activities throughout the year including film screenings, conferences, social gatherings, museum visits, workshops, courses, gastronomic encounters, exhibitions, book club and topical conversations. It comes to complement a services catalogue promoting the learning and uses of Latin American Spanish, and the knowing of Latin American heritage through our bilingual Menchú nursery and a supplementary school.

Key in our mission, and to what we delivered in the year, is helping people to have a better command of English. This widens a sense of inclusion and better and new employment, studying and learning opportunities.

Improvements to the community centre owned by the Charity have continued. The building is a hub that although visited and enjoyed mostly by Latin Americans, through its doors passes people from all over the global community.

Staff, volunteers and my colleagues Trustees ensure we continue on a path of success as we move to 2023, a year in which Latin American House will celebrate its 40[th] Anniversary.

Enrique Saenz Chair

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

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 2022.

Organisational Structure

Latin American House has a 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 2021/22 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 10 full time staff): the Director, a Finance Officer, a Welfare Benefits Advice Caseworker, an Office Manager, two EU Settlement Scheme officers, a Digital Transformation Manager, an Adult Education Coordinator, a Communities and Cultures Coordinator (from February 2022), a Nursery Manager, a deputy Nursery Manager, three early years practitioners and one lunch assistant; 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 and services. Responsibility for day-to-day 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:

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

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 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:

Legal and Social Welfare Advice, providing advice on welfare benefits, employment law, housing, etc. In this financial year it also included a dedicated EU Settlement Scheme service to support vulnerable Portuguese and Spanish speakers apply for the EU Settlement Scheme.
Children’s Education - This consists of our bilingual Menchú Nursery, for children 2 to 4 years old, and the Spanish Saturday School, for children 5 to 11 years old.
Adult Community Learning – Directly and in partnership with local authorities, colleges and recognised educational organisations, we provide practical adult education for Latin Americans and local residents
Culture - promoting and showcasing Latin American cultures, for people of different abilities, ages, and backgrounds
Community Centre - a well-established centre where people can come for activities, information and orientation
Letting of space both permanent and ad-hoc for community activities, as well as the hosting of a Brasilian Restaurant.

Achievements and Performance

COVID 19 and the imposed lockdowns continued to bring unprecedented challenges to our communities and the third sector overall. Demand for charitable services has increased across many organisations. Some charities saw a loss of income (Charity Commission) and some had to rely on reserves to help them get through the crisis (Charities Aid Foundation). In our particular case, the effect was still felt in various programmes and services, as well as in the income generated from hall hire and space rental. Still, at the end of the year to which this report refers to, attendance in person at Latin American House had already started to go back to normal.

Paid for services, such as our nursery and the Spanish Saturday School for children also continued to feel the effects. Despite income loses in areas such as our children education offer above, we have continued to build resilience across our communities and across the organisation, with support from regular clients, donors and trusts and foundations. We were successful in securing long term grants to increase our capacity over the next years.

Our staff team has grown and is undertaking more training and development than ever, we continue to improve our premises and equipment, and volunteers have come back once the COVID-related restrictions were lifted. Our volunteers contribute a great deal in different aspects of the day to day.

Some of our supporters in these period included:

City Bridge Trust, funding an access audit of our premises and staff training on the subject.
People’s Postcode Trust, funding our Adult Education Coordinator and part of the programme
NHS, contributing with a one off small grant
Social Enterprise Support Fund, covering the Digital Transformation post until January 2022
BFI Cinema for All, funding collaborations between community groups and film festivals for film screening at LAH.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

In preparation for Latin American House’s 40th anniversary in 2023 and due to the growing demand and numbers of members from the Latin American communities in London, we have also diversified our income streams from trusts and foundations for the coming years, for example with support from:

The National Lottery Community Fund, funding the Welfare Benefits advice service, digital transformation and communities and cultures programmes and their respective posts for three years starting in February 2022.
John Lyon’s Charity, funding the new programme for Children and Young People as well as its Coordinator for three years starting later in 2022

We have also been involved with other organisations, for example working in the field of advice with other BAME communities in the UK including AdviceUK and some of its members regarding the development and implementation of a Whole Person Whole Community Approach, a collaboration to be developed with funding from City Bridge Trust over the next years. Our collaboration with the Centre on Migration, Policy and Society (COMPAS) for research on the impact of Brexit and COVID in the Latin American communities continued until June 2021 with the publication of a report. And we worked with many organisations for the benefit of our community, from local charities and councils to other VCOs working with the Latin American communities, such as those part of the collation of Latin Americans in the UK (CLAUK).

Adult Community Learning (Adult Education)

We continue to deliver free adult education courses both directly through qualified volunteers and through third parties or partners including qualified teachers and the local council, both remotely (online) and face to face at Latin American House. This has benefited and contributed to improve opportunities for Latin American and local residents from a wide range of backgrounds, mainly BAME communities.

Our partners include Westminster Adult Education Services with whom we have delivered three ESOL classes twice per week, and Camden Adult Community Learning, with whom we deliver two weekly courses on Digital inclusion. We also developed a partnership with Google and Upskill Digital in order to provide more visibility of free digital training among members of our communities and disadvantaged people in general. Latin American House signed nearly 100 learners into the Google Career Certificates, free of charge for participants.

The courses at LAH were managed by an Adult Education Coordinator recruited the previous year thanks to a grant. The teaching staff consisted of two to three qualified tutors, one from an external local educational institution with whom we have established a partnership and the other/s from the Adult Community Learning team at our local authority, as well as four Latin American House volunteers, three of whom were recruited at the beginning of the project, and the fourth one recruited for the course which ran from September to December. All volunteers had a teaching qualification or a certificate in Teaching English to Speakers of other Language. One of the volunteers has now been employed as a full-time teacher by a well-known school. His teaching experience at Latin American House was particularly helpful in gaining the experience necessary to secure a full-time position.

Teachers and volunteers use a wide range of resources including their own designed materials as well as high quality published materials, including English File digital course books purchased by Latin American House.

The programme picked up in the spring, with two very successful sets of courses from April to June and from July to September. In these two cohorts there were 64 and 59 learners enrolled respectively, vs just about fifty in the first quarter of 2021.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

In the Autumn term, our Adult Education provision was expanded with a wider offer including some face to face ESOL as well as Digital Skills courses. These were delivered in conjunction with fully qualified tutors and recognised educational institutions, including Camden Adult Community Learning. The aims of these courses were to cater for learners at lower levels in both digital and general literacy.

In terms of the demographics of the face to face ESOL courses, there were a total of 42 students enrolled among 3 courses (16 ,11 and 14 enrolments in the morning, afternoon and evening courses). There were 14 different nationalities with similar distribution such as Afghanistan, Algeria, Brazil, Bolivia, Bangladesh, Colombia, Iraq, Iran, Albania, Egypt, Somalia, Venezuela, Japan and Chile. There were considerably more female students than male, corresponding to 69% female and 31% male. The ages of students ranged between 39 and 67 years old. Students expressed their reasons for taking the course were to be able to communicate better, develop knowledge, find work, meet people and improve selfconfidence, which was achieved through. When it comes to their academic, educational and professional backgrounds, they varied from those who had completed their secondary school education to those who had completed their higher education in their home countries. About half of the learners are looking for employment or to improve their career prospects. The other half were employed in a range of different occupations. However, working in the cleaning industry was still the highest represented.

The Digital Skills courses were similar demographically, due to the fact that in part, many students who attended the ESOL courses also took part in these courses. Consequently, the nationalities and ages were similar, although it attracted younger learners too, with a range from 26 to 56 years old. A total of 28 students attended. Students expressed these courses helped them with tasks online such as completing essential and key application forms.

In addition, two short Spanish courses were delivered in person. These were intended for those residents and parents of children attending other services at Latin American House, such as the Saturday school, who wished to learn Spanish as foreign language. Twelve adults, mainly residents of our local area, attended.

Online courses continued to remain a popular choice by Latin American residents throughout the end of the year too. As with the previous courses, their duration was 10 weeks. A total of 4 courses were offered online at four different levels from A2 to B2 according to the Common European Framework of Reference. There were 42 learners enrolled out of which 28 (66%) were women and 14 (33%) were men. The youngest learner was 23 years old and the oldest 51 years old. In terms of nationalities, most learners were Spanish speakers from South America (including Argentina, Colombia, Ecuador, Peru). The other large proportion of learners were Portuguese speakers, mainly from Brazil. Students benefited from these courses because they helped them find work or improve their job prospects, meet people and improve their communication skills.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2022

Children Education

Centro Infantil Menchú (Menchú Nursery)

Centro Infantil Menchú (Menchú Nursery) went through a change of management at the beginning of the academic year. A new nursery manager with experience and knowledge of education of children with special needs joined in September 2021 after the retirement of the previous manager. Another new Early Years Practitioner also joined and a long standing member of staff was promoted to Deputy Manager. We have redecorated the nursery and improved the lighting and we will revamp its facilities with a brand new sensory room and new cupboards throughout the summer during the Nursery break.

Our nursery follows the Early Years Foundation Stage Curriculum, delivering relevant and motivating activities for the children. The Spanish language is practised during the day through songs, conversations and games. The Nursery Nurses do their utmost to overcome challenges in the accomplishment of objectives and tasks.

We had over 20 children between two and five years old. Most children only come for the hours funded by the government, usually fifteen per week, and less often thirty hours per week. Until the end of the Spring term, the Nursery had an occupancy of nearly 80%. The children come from different backgrounds and cultures including Latin America, Africa, Eastern Europe, Middle East, North America and Europe, and from various neighbouring boroughs, including Camden (59%), Brent (35%) and others (6%). These children and their families represent the diversity of the local community.

Due to the Covid restrictions during the Autumn and Spring Terms, no educational visits were planned, and parents did not come into the nursery to share activities with the children. Nevertheless, we managed to build a good rapport and parents’ information sessions were held on a one to one basis. Social activities in the nursery took place internally. Children were able to celebrate their birthdays (one parent permitted to attend) and other special days. These events brought joy and a sense of camaraderie among the children. Their families were also able to share these occasions through the children’s online journal. The learning environment has been enhanced by the acquisition of new furniture for the classrooms. This has benefited both the children and the Nursery Nurses who now have access to more varied educational resources to support the children’s learning and development of new skills. We continued to be pleased with the children's progress and the consistent cooperation of the parents in keeping our Nursery community safe and healthy.

The team is grateful for the parents’ ongoing support and cooperation in keeping the children healthy and comfortable. During the lockdown they offered kind donations in the form of baskets of fruit, wipes, hand sanitisers and also a dehumidifier. Equally, due to the financial constraints that some parents have been through, Latin American House funded hours to some children. This alleviated the pressure that some families were under.

Spanish Saturday School

Our Saturday School for children continues to contribute making children from Latin American backgrounds and families feel at home, meeting and socialising with other children from similar backgrounds, keeping children in touch with their roots, and celebrating their families’ heritage and cultures. It is a place for share experiences, good friendships and learning together from the teachers and from each other.

The School runs Spanish lessons with an emphasis on Latin American cultures. It currently enrols children from Reception to Year 6. The majority are primary age. This year we have been running four classes face to face and two classes online each Saturday. The children come mainly from Latin

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

American or Spanish families and a few are of British origin or other ethnic backgrounds. Most of the classes are on demand. We have been working on four main topics in Spanish: ecology, ludic activities, culinary and subjects which are part of the National Curriculum like geography and maths.

This year was a challenging one due to the fears related to COVID. Thanks to our valuable team and to the parents who also contributed to adapt to this new way hybrid of learning during, students enrolled not only from London, but from other UK areas. Between 2021 and 2022 the children and tutors have undertaken activities like:

Collaboration with Unicef UK and NRCSE on the fundamental children Rights and Peace Day
Celebrated the beginning of the spring, with different activities and the “Spring’s experience”.
Ecology and nature activities, creating a large-scale display of animals, trees and plants.
The children travelled virtually to Brazil and learnt about the Amazon and created a wild forest and finished enjoying the carnival.
Celebrated International Women’s Day creating portraits of well-known women such as Rigoberta Menchú, Eva Perón and Frida Kahlo.

Next year we intend to expand the offer of the Spanish Saturday School to children of older ages and possibly offer it on other days of the week. We will also start a programme aimed to support children and young people from 5 to 16 years old at least. The idea is to support children from disadvantaged Latin American Families and other local families in our area and other London boroughs in order for them to improve their educational and career prospects

Communities and Cultures

We retook the relationship with the Greater London Authority Community Engagement Team in order to play a pivotal role in the wellbeing of the Latin American communities in Greater London. We also continued to work in partnership with local organisations such as the British Museum. Their

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

communities’ team for example delivered workshops at Latin American House as part of their exhibition Peru: A journey in time from November 2021 to February 2022.

Although our offer of face to face and online activities decreased with respect to the previous year due to the restrictions during the beginning of the year and the fact that we didn’t have a Coordinator of the Programme for the second half, we delivered online classes and webinars on different topics and had films screened at Latin American House in collaboration with community groups and grassroot organisations such as Comunidad Rimanakuy and Native Spirit Festival, including the screening of the film Sembradoras de Vida, which was very well attended and even better received both from the point of view of promoting indigenous cultures from the region called Latin America and from the environmental perspective as the film took place during the COP 26 summit in Glasgow. It included an artistic performance by Quechua members of Comunidad Rimanakuy and a talk and community event took place at the end of the film.

We engaged with other local groups and hosted events including research on the future of our local area with council officers and university researchers. From February 2022 and thanks to a grant from the National Lottery Community Fund we recruited a Communities and Cultures Coordinator three days a week for the first time at LAH in order to develop a more comprehensive and impactful Communities and Cultures programme. The project aims to benefit and support disadvantaged and vulnerable Latin Americans, including individuals and community groups and other local residents and artists’ postCovid, while contributing to our objective of promoting the contribution of migrants and the diversity of Latin American cultures.

Community Centre

The Latin American House, our Community Centre since 1983, continues to host thousands of Latin Americans who come from across all London boroughs and beyond, as well as many other people from different backgrounds and cultures, including many local residents who come for learning new skills, getting support and enjoy activities and community events. Latin American House is a place where people come for information, orientation and just to feel at home in a mainly Spanish-speaking environment.

Still, our ESOL classes are attended by people from near twenty nationalities, of which half are not Latin Americans. Students come from all the continents. Our diverse local area is now home of a significant amount of North African migrants, for example from Algeria and Morocco, who speak Spanish because they lived in Spain before coming to the UK, and they come to us because they are more fluent in Spanish than in English. We also continue to host local groups, including local artists, community and support groups, as well as companies, entrepreneurs and others, sometimes for a token price or for free. The Centre is also used by other similar organisations who provide services specifically to the Latin American communities, such as Aymara, a social enterprise dealing with sexual health, as well as consulates and embassies from the region.

We continued to invest in some essential and much needed layout changes, replacements and improvements in the Centre. We remain committed to improve our premises over the next years.

Digital Transformation

Our digital transformation has continued in 2021-2022, with an emphasis on developing and growing our existing online channels, specifically our website, social media and newsletter.

In April 2021 we launched a new website. This upgraded version contains more accurate and timely information, as well as a sleeker, more modern appearance. Key features include the use of Google

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

Forms for advice appointments and a Latin American House blog featuring art and writing from members of our communities. Website numbers tend to fluctuate from month to month, but have remained fairly consistent, even from the previous website. Ideally, we would be seeing a greater increase in traffic to the website from overall digital transformation efforts, but this has been slow. On the other hand, the organisation has significantly improved its Google Search rankings, meaning it is becoming easier for users to find us online.

Our social media channels have seen consistent growth in the past year, allowing us to better communicate our services and to reach more people. Instagram had a significant higher rate of growth, while Facebook had the lowest. Still, Facebook is at present the platform with most followers. Below is a summary of the year-on-year growth of followers on each of the social media channels.


	March 2021	March 2022	% growth
Facebook	4316	4497	4%
Twitter	2122	2319	9%
Instagram	1141	1808	58%

Our newsletter goes out on the first Thursday of every month in English, Spanish, and Portuguese. Our subscribers have been growing slowly but steadily, having gone up from 5,009 in March 2021 to 5862 in March 2022, a 17% growth which we expect to continue.

Digital Transformation is an ongoing process. Next year we will place greater emphasis on the resources available on the website, and streamline digital processes as much as possible, including online enrolments, online payments, and better use of external established platforms for areas such as volunteering and space rental.

Legal and Social Advice Services (LESAS)

LESAS provides free advice, information and support on different topics including employment law, EU Settlement Scheme and welfare benefits. Our advisors, comprising a Welfare Benefits Caseworker 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 other.

For welfare related support, we continued to offer free advice on welfare benefits, housing and employment law through an in-house welfare benefits caseworker employed three days a week. From February 2022 the service increased to four days per week due to increasing demand and thanks to a three years grant from the National Lottery Community Fund.

There were 128 advice cases dealt with at LAH within the year. Casework was spread throughout the four quarters with quarter two representing the period with highest demand and quarter four the one with the lowest. There were also 175 telephone consultations and eight webinars with around 155 participants in total. We usually had twice the number of attendants registered but for some reasons including technical reasons some people weren't able to attend.

Some users preferred to come on Saturdays due to work commitments and we had drop ins the first Saturday of each month. Demand grew from users that came for the benefits and housing services. Service over the phone started to be in high demand at the beginning of 2022 as we had good exposure

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

on social media. Some follow-up cases were increasing as we carried over cases from 2021. Users were given the option to either have face-to-face appointment or telephone/remote appointment, which proved helpful as users with health conditions were not able to travel. The mail service had a great increase and was up to date. For November we helped 9 users to fully submit an application on their behalf. From February 2022 and thanks to the funding form the National Lottery Community Fund our advisor has been employed four days per week and therefore emails have also steadily been answered at a faster speed and there was more time for paperwork.

We had our biannual Advice Quality Standard (AQS) external review in September and we were awarded the continuation of accreditation.

Overall demand for the service through all channels has increased from January. From March the project continued to grow due to the drop-in session that we had in place for every first Saturday of each month. We also continued to expand more by having an online webinar for users so that they can interact with us, receive the new updates and ask their questions. The telephone service had significant demand. During March we helped 5 users to fully submit an application on their behalf.

In relation to our EU Settlement Scheme, we were successful in getting our grants from HM’s Government renewed for the two semesters of the year in order to continue assisting vulnerable EU 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, and supporting them with securing the settled status if they previously secured their pre-settled.

The demand for this service started to decrease near and after the deadline to apply for the EU Settlement Scheme on June 2021, and decreased more significantly from the beginning of 2022. At the same time the cases dealt with were sometimes more complex and required the intervention of partner organisations providing specialist advice. This is also due to the fact that as in the previous year, a significant proportion of applicants were not EU/EEA citizens but their family members. The process of applying was in their case more complicated and we sought to accompany and support them at each twist and turn of this process, which often lasted many months.

Challenges continued to be related to the Home Office services being partially interrupted at the beginning of the year which led to some backlogs, and still to some of the effects of restrictions including travelling etc. Also, like other advice organisations and charities, one of the major challenges for our services is an adequate and uniform database management system which results in a monitoring and evaluation far from ideal.

Most of the people we assist were from Latin American backgrounds with Spanish passports and their family members, including countries such as Colombia, Ecuador, Peru, Brazil and Dominican Republic. 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, with some coming from outside the capital. The largest proportion hailed from the London boroughs of Southwark, Lambeth and Brent, with around 10% also from outside London. Overall, 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 2021, LAH is committed to continue this service next financial year.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

Financial Review

Our key financial aim remains being a financially sustainable organisation and it is thanks to our dedicated team and supporters that we continue to do so. We are grateful to our clients (this year chiefly our remaining licensees), donors and funders for their support.

LAH continues to generate income from a diverse range of sources. During this financial year, the main sources of income were:

i) Fees and National Education Funding for our Children’s Education programme ii) Project grants from Trusts, Foundations and one government grant, and iii) Rental income.

Project grants included the grant award from HM Government to finance the EU Settlement Scheme project and a grant from the People’s Postcode Trust which funded our adult Education programme. During the last quarter of the financial year, we were awarded a significant grant for the duration of three years, from the National Lottery Community Fund. This has allowed us to fund three of our key posts (a Welfare Benefits Advice Caseworker, a Digital Transformation Manager and a new Communities and Cultures Coordinator) from February 2022. We were also awarded one further small Covid Recovery grant from the government which allowed us to pay some of our core costs in the first quarter of the year, whilst full services were all re-starting again.

In relation to our income and expenditure, income for the year totalled £391k (p/y £445k) whilst costs amounted to £431k (p/y £397k). The shortfall of £40k was funded by the Covid Reserve, set up in 2020 from various Covid grants that we received.

Without the Covid recovery grants in the current and prior years, our actual income was on a more similar level, of £378k in 2021/22 compared to £388k in 2020. Whilst our Children and Adult Education programmes both picked up in the current year, and income increased, other activities such as immigration advice paused, and so did the corresponding grant income for the period, hence the decrease in revenue.

Our balance sheet remains strong with general reserves of £70k as well as ownership of our Community Centre. This is a very valuable asset in an area of continuous improvement, while at the same time makes it sensible to hold reserves which may be needed in relation to the building. Our Covid reserve has enabled us to get all our services back to a fully operational status and £18k remains for the next financial year.

Reserves Policy

For the 2021-22 financial year, our general reserve, working capital reserve and covid recovery fund totalled £149k. This covers running costs for three months, one month's staff salary, a redundancy contingency amount and emergency building work. Our Reserves Policy is being drafted for next year.

Future Plans and planning ahead

Our team of staff and volunteers continue to go the extra mile in order to deliver the best possible customer service and to empower and support our community. This will be particularly relevant as at the time of writing the cost of living crisis seems the main source of problem over the next months and possibly years. This affects us as a community, as individuals and as a charity and voluntary and

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Company Limited by Guarantee

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

Year ended 31 March 2022

community organisation. The next year will be a transitional and key year leading to Latin American House’s 40th anniversary in 2023.

It also seems obvious that a new group of people reaching to us more often are older people – who were particularly affected by COVID and its collateral effects, and may be affected by the increase in the cost of living. Migrants and political refugees who came to the UK in the 70s and 80s are now retired and there is not much provision for over 60s Spanish speakers.

We will need to boost the hire and use of our spaces, which are particularly attractive after some building improvements.

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, now and in the future.

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:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

Auditor

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

so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

The trustees' annual report and the strategic report were approved on 2[nd] of December 2022 and signed on behalf of the board of trustees by:

Mr Enrique Saenz Trustee

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

Opinion

We have audited the financial statements of LATIN AMERICAN HOUSE (the 'charity') for the year ended 31 March 2022 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:

give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act 2011.

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

(continued)

Year ended 31 March 2022

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. If, 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.

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 Charities Act 2011 requires us to report to you if, in our opinion:

the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees 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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2022

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:

Discussing with the trustees and management their policies and procedure regarding compliance with law and regulations;
Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit ; and
Considering the risk of acts by the Charity which were contrary to applicable laws and regulations, including fraud.

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

Making enquiries of the trustees and management on whether they had knowledge of any actual, suspected or alleged fraud;
Gaining an understanding of the internal controls established to mitigate risks to fraud;
Discussing amongst the engagement team the risks of fraud; and
Addressing the risks of fraud through management override of controls by performing journal entry testing.

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

(continued)

Year ended 31 March 2022

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.

Saleemi Associates Chartered accountants & statutory auditor 792 Wickham Road Croydon CR0 8EA

21[st] December 2022

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

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2022

			2022		2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	12,710	–	12,710	57,954
Charitable activities	6	134,917	213,204	348,121	358,003
Other trading activities	7	29,856	–	29,856	29,268
Investment income	8	158	–	158	48
		--------------------------------	--------------------------------	--------------------------------	--------------------------------
Total income		177,641	213,204	390,845	445,273
		================================	================================	================================	================================
Expenditure
Expenditure on charitable activities	9,10	210,838	220,704	431,542	396,867
		--------------------------------	--------------------------------	--------------------------------	--------------------------------
Total expenditure		210,838	220,704	431,542	396,867
		================================	================================	================================	================================
		--------------------------------	--------------------------------	--------------------------------	--------------------------------
Net (expenditure)/income and net
movement in funds		(33,197)	(7,500)	(40,697)	48,406
		================================	================================	================================	================================
Reconciliation of funds
Total funds brought forward		2,889,096	11,905	2,901,001	2,852,596
		-----------------------------------------	--------------------------------	-----------------------------------------	-----------------------------------------
Total funds carried forward		2,855,899	4,405	2,860,304	2,901,001
		=========================================	================================	=========================================	=========================================

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 31 form part of these financial statements.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Position

31 March 2022

			2022	2021
		Note	£	£
Fixed assets
Tangible fixed assets		15	2,710,437	2,712,805
Current assets
Debtors		16	46,128	45,148
Cash at bank	and in hand		171,381	220,364
			--------------------------------	--------------------------------
			217,509	265,512
Creditors: amounts falling due within one year		17	67,642	77,315
			--------------------------------	--------------------------------
Net current assets			149,867	188,197
			-----------------------------------------	-----------------------------------------
Total assets	less current liabilities		2,860,304	2,901,001
			-----------------------------------------	-----------------------------------------
Net assets			2,860,304	2,901,001
			=========================================	=========================================
Funds of the	charity
Restricted funds			4,405	11,905
Unrestricted funds:
Revaluation reserve			2,500,000	2,500,000
General	fund		70,339	63,002
Designated fund
	Working capital reserve		60,686	68,023
	Covid recovery fund		18,374	51,571
	Property Cost		206,500	206,500
			-----------------------------------------	-----------------------------------------
Total unrestricted funds			2,855,899	2,889,096
			-----------------------------------------------	-------------------------------------------------
Total charity funds		20	2,860,304 =========================================	2,901,001 =========================================

For the year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The charity is subject to audit under the Charities Act 2011.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The notes on pages 22 to 31 form part of these financial statements.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Position

31 March 2022

These financial statements were approved by the board of trustees and authorised for issue on 02[nd] December 2022, and are signed on behalf of the board by:

Mr Enrique Saenz Trustee

The notes on pages 22 to 31 form part of these financial statements.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2022

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

3. Accounting policies (continued)

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:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a 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:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

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

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 cash-generating 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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

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.

4. 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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Donations
Donations & Other	3,444	3,444	5,071	5,071
Corporate donations	1,266	1,266	1,311	1,311
Grants
Covid Business Grants	8,000	8,000	51,572	51,572
	----------------------------	----------------------------	----------------------------	----------------------------
	12,710	12,710	57,954	57,954
	============================	============================	============================	============================

6. Charitable activities

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Corporate projects	49,349	15,800	65,149
Children's Education	76,534	115,627	192,161
LESAS	3,000	46,030	49,030
Culture	3,052	11,747	14,799
Adult Community Learning	2,982	24,000	26,982
	--------------------------------	--------------------------------	--------------------------------
	134,917	213,204	348,121
	================================	================================	================================

Corporate projects income included revenue from the hire of surplus space (£40K) and grant income to fund some of our core costs (£25K)

	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
	================================	================================	================================

7. Other trading activities

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Licence fee income	29,856	29,856	29,268	29,268
	============================	============================	============================	============================

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

8. Investment income

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Bank interest receivable	158	158	48	48
	==============	==============	==============	==============
Expenditure on charitable activities by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
Corporate projects		–	35,605	35,605
Children's Education		68,005	115,626	183,631
LESAS		7,164	46,030	53,194
Culture		–	8,052	8,052
Adult Community Learning		–	12,914	12,914
Support costs		135,669	2,477	138,146
		--------------------------------	--------------------------------	--------------------------------
		210,838	220,704	431,542
		================================	================================	================================

9. Expenditure on charitable activities by fund type

Support costs consist of Staff and Admin costs (£91,098), Building Costs (£42,968), and Governance Costs (£4,079).These are then allocated to each department, as per note 10.

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Corporate projects	81,070	–	81,070
Children's Education	36,588	108,568	145,156
LESAS	–	69,154	69,154
Culture	11,857	5,001	16,857
Adult Community Learning	–	5,988	5,988
Children's project	–	–	–
Support costs	45,095	33,547	78,642
	--------------------------------	--------------------------------	--------------------------------
	174,610	222,258	396,867
	================================	================================	================================

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

10. Support cost allocation between charitable activities

		Total Funds
		2022
		£
Corporate projects		22,511
Children’s Education		47,677
LESAS		33,377
Culture		14,929
Adult Community Learning		15,573
Governance cost		4,080
		---------------------------------------------
		138,146
		================================
Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
	2022	2021
	£	£
Depreciation of tangible fixed assets	2,368	2,368
	=======================	=======================
Auditors remuneration
	2022	2021
	£	£
Fees payable for the audit of the financial statements	2,198 ==============	2,286 =======================

11. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

12. Auditors remuneration

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2022	2021
	£	£
Wages and salaries	267,618	255,466
Social security costs	14,911	15,596
Employer contributions to pension plans	13,780	11,921
Other employee benefits	39,523	25,245
	--------------------------------	--------------------------------
	335,832	308,228
	================================	================================

The average full-time equivalent head count of employees during the year was 12 (2021: 12).

No employee received employee benefits of more than £60,000 during the year (2021: 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

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

15. Tangible fixed assets

	Freehold	Fixtures and
	property	fittings	Total
	£	£	£
Cost
At 1 April 2021 and 31 March 2022	2,706,500	11,841	2,718,341
	=========================================	============================	=========================================
Depreciation
At 1 April 2021	–	5,536	5,536
Charge for the year	–	2,368	2,368
	-----------------------------------------	----------------------------	-----------------------------------------
At 31 March 2022	–	7,904	7,904
	=========================================	============================	=========================================
Carrying amount
At 31 March 2022	2,706,500	3,937	2,710,437
	=========================================	============================	=========================================
At 31 March 2021	2,706,500	6,305	2,712,805
	=========================================	============================	=========================================

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 shown on the Balance Sheet at market value.

16. Debtors

		2022	2021
		£	£
	Trade debtors	16,128	15,148
	Other debtors-cash float held at payroll company	30,000	30,000
		---------------------------	---------------------------
		46,128	45,148
		===========================	===========================
17.	Creditors: amounts falling due within one year
		2022	2021
		£	£
	Trade creditors	12,885	10,392
	Accruals and deferred income	48,380	60,828
	Other creditors	6,377	6,095
		----------------------------	----------------------------
		67,642	77,315
		============================	============================
18.	Deferred income
		2022	2021
		£	£
	Amount deferred in year	49,140	59,228
		----------------------------	--------------------------------
	At 31 March 2022	49,140	59,228
		============================	================================

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

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 £13,780 (2021: £11,921).

20. Analysis of charitable funds

Unrestricted funds

		At					At
		1 April 2021	Income	Expenditure	Transfers	31 March 2022
		£	£	£	£		£
General	funds	63,002	177,641	(177,641)	7,337		70,339
Revaluation reserve		2,500,000	–	–	–		2,500,000
Designated funds
	Working capital	68,023	–	–	(7,337)		60,686
	Covid recovery
	fund	51,571	–	(33,197)	–		18,374
	Property fund	206,500	–	–	–		206,500
		-----------------------------------------	--------------------------------	--------------------------------	--------------		-----------------------------------------
		2,889,096	177,641	(210,838)	–		2,855,899
		=========================================	================================	================================	==============		=========================================
		At					At
		1 April 2020	Income	Expenditure	Transfers		31 March 2021
		£	£	£	£		£
General	funds	70,350	223,015	(174,610)	(55,753)		63,002
Revaluation reserve		2,500,000	–	–		–	2,500,000
Designated Fund
	Working capital	63,841	–	–	4,182		68,023
	Covid recovery
	fund	–	–	–	51,571		51,571
	Property cost	206,500	–	–		–	206,500
		-----------------------------------------	--------------------------------	--------------------------------	----------------------------		-----------------------------------------
		2,840,691	223,015	(174,610)		–	2,889,096
		=========================================	================================	================================	============================		=========================================

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.

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2022

Restricted funds
	At				At
	1 April 2021	Income	Expenditure	Transfers	31 March 2022
	£	£	£	£	£
Restricted Fund	11,905	213,204	(220,704)	–	4,405
	============================	================================	================================	==============	=======================
	At				At
	1 April 2020	Income	Expenditure	Transfers	31 March 2021
	£	£	£	£	£
Restricted Fund	11,905	222,258	(222,258)	–	11,905
	============================	================================	================================	==============	============================

21. Analysis of net assets between funds

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		£	£	£
Tangible fixed assets
	Freehold property	2,706,500	–	2,706,500
	Fixture and fittings	3,937	–	3,937
Current	assets	213,104	4,405	217,509
Creditors less than 1 year		(67,642)	–	(67,642)
		-----------------------------------------	-----------------------	-----------------------------------------
Net assets		2,855,899	4,405	2,860,304
		=========================================	=======================	=========================================

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		£	£	£
Tangible fixed assets
	Freehold property	2,706,500	–	2,706,500
	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	2,901,001
		=========================================	===========================	=========================================

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Management Information

Year ended 31 March 2022

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

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2022

	2022	2021
	£	£
Income and endowments
Donations and legacies
Donations & Other	3,444	5,071
Corporate donations	1,266	1,311
Covid Business Grants	8,000	51,572
	----------------------------	----------------------------
	12,710	57,954
	----------------------------	----------------------------
Charitable activities
Children's Education	192,161	150,344
Adult Community Learning	26,982	6,000
LESAS	49,030	103,657
Culture	14,799	16,824
Corporate	65,149	81,178
	--------------------------------	--------------------------------
	348,121	358,003
	--------------------------------	--------------------------------
Other trading activities
License fee income	29,856	29,268
	----------------------------	----------------------------
Investment income
Bank interest receivable	158	48
	--------------	--------------
	--------------------------------	--------------------------------
Total income	390,845	445,273
	================================	================================

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Detailed Statement of Financial Activities (continued)

Year ended 31 March 2022

	2022	2021
	£	£
Expenditure
Expenditure on charitable activities
Wages and salaries	267,618	255,466
Employer's NIC	14,911	15,596
Pension costs	13,780	11,921
Other staff related cost	39,523	25,245
Rates and water	2,149	1,714
Light and heat	13,452	13,809
Repairs and maintenance	23,554	30,833
Insurance	3,814	3,656
Legal and professional fees	3,725	2,999
Telephone	3,021	1,937
Other office costs	4,348	3,357
Depreciation	2,368	2,368
Bank Charge	105	83
Other direct cost	33,722	21,398
Website & software cost	2,556	3,067
Marketing	2,896	3,418
	--------------------------------	--------------------------------
	431,542	396,867
	--------------------------------	--------------------------------
	--------------------------------	--------------------------------
Total expenditure	431,542	396,867
	================================	================================
	--------------------------------	--------------------------------
Net (expenditure)/income	(40,697)	48,406
	================================	================================

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2022

	2022	2021
	£	£
Expenditure on charitable activities
Children's Education
Wages/salaries	143,269	121,258
Employer's NIC	7,407	6,761
Pension costs	6,805	5,451
Other staff related cost	11,090	2,439
Telephone	134	93
Other office costs	1,171	436
Other direct cost	13,298	7,609
Marketing	457	1,109
	--------------------------------	--------------------------------
	183,631	145,156
	--------------------------------	--------------------------------
*Support costs*
Wages/salaries	90,627	74,847
Employer's NIC	6,004	5,380
Pension costs	5,376	3,848
Other staff related cost	3,341	5,056
Rates & water	2,149	1,714
Light & heat	13,452	13,809
Repairs & maintenance	23,554	30,833
Insurance	3,814	3,656
Telephone	2,172	1,664
Other office costs	702	2,163
Depreciation	2,368	2,368
Other direct cost	13,194	8,401
IT & computer costs	1,435	2,891
Marketing	1,483	–
	--------------------------------	--------------------------------
	169,671	156,630
	--------------------------------	--------------------------------
Adult Community Learning
Other staff related cost	10,221	5,842
Other office costs	1,673	–
Other direct cost	1,020	146

Carried forward

----------------------------	-----------------------
12,914	5,988

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2022

	2022	2021
	£	£
Brought forward	12,914	5,988
	----------------------------	-----------------------
	12,914	5,988
	----------------------------	-----------------------
LESAS
Wages/salaries	30,966	46,911
Employer's NIC	1,408	2,938
Pension costs	1,507	2,283
Other staff related cost	12,597	11,796
Telephone	715	180
Other office costs	552	758
Other direct cost	3,510	2,303
IT & software cost	983	176
Marketing	956	1,809
	----------------------------	----------------------------
	53,194	69,154
	----------------------------	----------------------------
Culture
Wages/salaries	2,756	12,450
Employer's NIC	92	517
Pension costs	92	339
Other staff related cost	2,274	112
Other direct cost	2,700	2,939
IT & computer cost	138	–
Marketing	–	500
	-----------------------	----------------------------
	8,052	16,857
	-----------------------	----------------------------
Governance costs
Audit fees	2,198	2,286
Legal & other professional fees	1,527	713
Other office costs	250	–
Bank charges	105	83
	-----------------------	-----------------------
	4,080	3,082
	-----------------------	-----------------------
	--------------------------------	--------------------------------
Expenditure on charitable activities	431,542	396,867
	================================	================================