2023-03-31-accounts

COMPANY REGISTRATION NUMBER: 06720498 CHARITY REGISTRATION NUMBER: 1127253

LATIN AMERICAN HOUSE

Company Limited by Guarantee Financial Statements

31 March 2023

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 2023

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LATIN AMERICAN HOUSE

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 31 March 2023 eee 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 2023.

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

Trustee Enrique Saenz (co-chair) Inés Hermida (co-chair) Henry Webb Lina Rodriguez (appointed July 2022) Maria Agustina Oliveri (appointed August 2022) Mariann Sarquis (appointed July 2022) Miguel Mercado Raul Valdivia

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

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LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2023

Chair’s Preamble

To the contents of this comprehensive report | add my warmest congratulations and encouragement to all those that make possible the support available through our centre.

Thousands of people continue to benefit from a wide range of services. Their motivations are varied or combined. From seeking to, for example, address a problem with a landlord or a public authority, to their curiosity and enthusiasm about one of the many cultural activities organised in the year covered by this annual account of what we do. In between, there continued to be many more services in our offer, designed and aimed at members of the Latin American community in London but open to all: for children and families, those seeking to maintain Spanish for them and their off springs, improve their abilities or command of English -even learn languages native to Latin America such as Aymara, hire a space for an event or a family gathering, or grab a taste of a Brazilian dish at the eatery in the building.

2023, its last three months also within the scope of this report, is a particularly significant year as it marks the 40th anniversary of our organisation. A mark of endurance and community resilience. A good omen for many more years for the Latin American House, its further consolidation and growth -where growth is warranted. My best desires for the organisation to continue being relevant and true to its values!

| thank my fellow Trustees, staff and volunteers for a spirit of collective responsibility demonstrated through the last twelve months.

Enrique Saenz Chair

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continuea) Year ended 31 March 2023 eee Director’s Foreword

Over the past year, | have had the great privilege of meeting many of our beneficiaries, users and different stakeholders, in addition to many members of our community across London. | have also witnessed the extraordinary work of some small community groups, such as Comunidad Rimanakuy, that are only small on paper as they have an extraordinary ability to bring the community together.

| have met inspiring volunteers, team members, and, of course, beneficiaries, and discussed recent challenges — chiefly the increase in cost of living, and the impact they are having in their lives. Our beneficiaries, and our charity and stakeholders have been affected one way or another by the increase in the cost of living. The above in turn translates to an increase in demand on some services and challenges our capacity. That is why as part of the activity in the year that this report covers we have developed a collaboration with organisations such as the Sheriff Centre to provide debt advice and support at Latin American House.

Together with our partners, we aim to support those most disadvantaged, which is not always easy and that admittedly we may not fulfil. The provision of immigration advice through the legal firm Seraphus continued, and our in-house adult education programme saw more students than ever, coupled with provision by Camden Adult Community Learning. Our partnership with Aymara Social Enterprise, which provides information on sexual health and HIV prevention and undertakes HIV tests at Latin American House, has also proved very popular and successful.

The EUSS programme funded by the Home Office since 2019 ended in March 2022 with the prospect of an extension beyond then. After Brexit, we received many visits of fellow Latin Americans who unfortunately we have been unable to support. This is undesirable. We are also mindful that with an increasingly hostile environment towards migrants in the UK, and with continued crisis and instability in some countries in Latin America, there is now more need than ever for an organisation like ours to support those without recourse to public funds or undocumented people who fall into the trap of unscrupulous employers and landlords, paradoxically sometimes other Latin Americans.

We started a brand new Children and Young People's programme funded by John Lyon’s Charity which will run for three years. This is in addition to our existing offer of the nursery and Spanish Saturday School, so that we can expand the range of ages and activities covered for an ever growing and increasing community. We also re-started our Communities and Cultures programme with funding from The National Lottery Community Fund.

As we look ahead, supporting those most disadvantaged will remain a priority for me. Our challenges remain our capacity as the community we serve keeps growing and evolving, and the need for a more all-encompassing support service that does not just fix one issue in one specific area but that supports our users, particularly those most in need, into a journey of support including personal and professional development for their lives in the UK. We are also looking into expanding our offer and relevance beyond frontline services. We will host the first information session explaining how members of our community can potentially be political representatives e.g. how to become Councillors, with the aim to empower people and ensure that our community is represented.

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LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2023

eee During 2023 we will celebrate Latin American House’s 40th anniversary, and it will be an opportunity to focus on those coming to the UK directly from Latin America, in addition to the ever increasing Latin American communities already established in London and the rest of the UK. The community continues to change, develop and grow. Despite the challenges of the last few years, | have confidence that our charity will continue to serve as the referent for existing and new Latin Americans in London and the rest of the UK.

Carlos Huascar Tapia Montes Director (until August 2023)

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continuea) Year ended 31 March 2023 es

Trustees Report

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 2023.

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 2022/23 there were seven trustees with a variety of backgrounds and skills relevant to the work of Latin American House.

• The organisation employed 24 staff (equivalent to 13 full time staff). This was made up of: e Core team (Director, Financial Controller, Office Manager, Digital Transformation Manager, Book-keeper and a cleaner)

• e The Legal and Advice team (Welfare Benefits Advisor, and 2 EU Settlement Scheme officers) e Adult Education Coordinator e Communities and Cultures Coordinator e Children and Young People Coordinator

• e Nursery Manager, Deputy Manager, 3 early years practitioners, a lunchtime assistant and a cleaner

• e Saturday School Lead Teacher and four class Teachers

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.

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

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 pn.

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.

• e Children’s Education - This consists of our bilingual Menchu Nursery, for children 2 to 4 years old, and the Spanish Saturday School, for children 5 to 11 years old.

• e 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

• e Culture - promoting and showcasing Latin American cultures, for people of different abilities, ages, and backgrounds

• e Community Centre - a well-established centre where people can come for activities, information and orientation

Achievements and performance

Our key financial aim remains a financially sustainable organisation, and we are grateful to our funders for their support, without which we would have had a critical year. We have managed to increase our reserves in order to increase our resilience to any potential adversity in a time of uncertainties.

This year we have strengthened our collaboration with a wide range of organisations, including national infrastructure bodies. Local charities and small community groups. Advice UK which is securing funding from the Cornerstone Fund in order to improve monitoring and evaluation in BAME advice organisations throughout London. We are supporting The Kiin venue and theatre with their Youth Programme. We have developed a collaboration with the Sherriff Centre for delivering free debt advice at Latin American House.

We also collaborated with BPP Law School Pro Bono Centre, which delivered a workshop on Employment Rights in November 2022 in both English and Spanish. With Camden Council we also hosted Employment information sessions delivered in English and Spanish.

Our work with Aymara Social Enterprise goes from strength to strength and they continue undertaking free HIV tests at Latin American House and offering advice and information on sexual health and available resources for the community. This has materialised in Aymara delivering monthly information sessions at LAH, and widening collaboration with the NHS, including the Chelsea and Westminster Hospital NHS Foundation Trust and their work on HIV prevention and collaborations between health services and the Latin American Organisations.

This year we also strengthened our collaboration with Brent Council, hosting weekly sessions at LAH offering information on housing, employment and public health, and coordinating the first Latin American community day event in Harlesden, one of London’s most deprived areas, where Brazilian citizens constitute one of the highest percentages of the population.

We collaborated also with the University of Birmingham, which conducted a participatory study on bilingualism (English-Spanish) among Latin American families in the UK. This included three workshops at Latin American House, which had great interest among our users.

Together with the GLA and Three Million we also delivered information sessions about the new Elections Act 2022 and the right to vote, as well as the new requirements for members of the community to

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continueg) Year ended 31 March 2023 ee,

exercise their right to vote.

Some of our supporters in these period included:

• e John Lyons’s Charity, funding a new Children and Young People programme including its Coordinator's salary three days per week.

• e Social enterprise Support Fund, funding our Adult Education programme e London Community Response e NHS, contributing with a one off small grant e Home Office, supporting the EUSS project e Trust for London, funding our immigration advice service e Community Justice Fund, covering core costs e National Lottery Community Fund, which funds three positions and programmes and a contribution to core costs for three years.

The following sections form the strategic report of the charity highlighting our activities in each department.

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 were attended by people from nearly twenty nationalities, of which half are not Latin Americans. Students come from all the continents. Our diverse local area is now home to a significant number 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 have come to us because theyartists, are more fluent in Spanish than in English.We also continued to host local groups, including local for community and support groups, as well as companies, entrepreneurs and others, sometimes a token price or for free. The Centre was 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 few years.

Legal and Social Advice Services (LESAS)

LESAS provided free advice, information and support on different topics including immigration advice, 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, employment law and other. In addition this year we secured a collaboration with the Sherriff Centre in order for their qualified debt advisor to provide free advice and support regularly at Latin American House. For the provision of immigration advice we developed a partnership with Seraphus, a reputable law firm with a focus on human rights.

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continuea) Year ended 31 March 2023 i ea

i) Welfare Benefits Advice For welfare benefits related support, we continued to offer free face to face advice on welfare benefits, housing and employment law through an in-house welfare benefits caseworker employed four days per week Monday to Thursday thanks to a grant from The National Lottery Community Fund. This service has had great demand and so far we have been offering two days of drop-ins, which have proved to be very popular, and two days for appointments, as queries range from one-off advice to casework.

The help of our volunteers has also made the project grow even more as the telephone service and the online forms can be dealt with by them. This way we have also reached more vulnerable users, and provided them with all the needed assistance. Some of the boroughs from which users are very frequent included Brent, Haringey, Camden, Southwark, Lambeth, Westminster, Croydon, Hammersmith and Harrow.

Many users needed this type of help, particularly due to the cost of living crisis. Most service users sought help regarding welfare benefits, universal credit (UC) and pensions. Our advisor also provided users with information about the payments the government would provide to people on low income, as well as information about electricity and gas bills support.

The total number of users accessing this service during the period was around 1,200 or about 100 per month. The first quarter of the year was the one with the highest demand, as at this time of the year (April onward), the prices of services and government services increased, and the minimum wage increases, and we need to report a change of circumstances for UC and other benefits such as housing benefits and council tax reductions. We have also implemented an online form as primary contact for new users, and users also reached us via phone. We also delivered two webinars with over 100 participants in total. Some users also reach us directly via email. Those who seek support with UC are typically related to help for making an application and dealing with any changes in circumstances, information and commitments that may affect their UC. The review of documents from applications for universal credit is creating overpayments and stress for users who have receiveda letter with a large amount of money. For example, one family needed to appeal these overpayments and make another UC claim until the appeal ended. Services users commonly get help also with their tax credits and tax returns; those service users who are in employment.

As our service users need support in their pension claims and the relevant follow ups, this takes time to claim, and our beneficiaries consequently suffer from the delays and struggle financially. They in turn need to apply for housing benefits. Many of them had financial difficulties and missed payment on their rent. We had a service user who applied over a year ago, and after she had a tribunal appeal, she won it. Now she needs to do her housing benefits and council tax reduction application and request backdate.

We also did 15 referrals during the year, to organisations such as Advice for Renters, LAWA, and LAWRS. We also had many internal and external sign postings.

ii) EUSS

Since the public launch of the EU Settlement Scheme (EUSS) in March 2019 the Home Office grant funding has madea significant contribution in ensuring vulnerable individuals eligible to apply to EUSS have been supported to do so. Organisations such as Latin American Hose have engaged with vulnerable individuals to ensure they can access the support needed to apply to the scheme. To date, the network of organisations running EUSS support services has helped more than 490,000 vulnerable people apply to regularise their immigration status.

The funding for the EUSS will come to an end in June 2023. There is further support for vuinerable applicants available through the Resolution Centre, which provides telephone and email assistance to ia

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LATIN AMERICAN HOUSE

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 eee

applicants and the Assisted Digital service which provides support for applicants completing the online application process. We also plan to develop a collaboration with New Europeans to assist with both simple and complex cases. The EU Settlement Scheme service at LAH operated twice a week and is available by phone, Email and in person. Most of the inquiries received are related to Family Permit Application Information, transition from Pre-Settlement to Settlement Status, and obtaining action codes to demonstrate right to work, right to rent, Information about absences in the UK, Updates of passports, telephone, and emails, Information to renew Biometric Cards, Review of denied applications and other migration questions.

There are also smaller inquiries about understanding absence restrictions, updating personal documentation or data associated with the application, and doubts about the replacement or expiration of biometric cards of non-European family members who have regrouped.

The people requesting assistance have been mainly Latin American or Spanish/Portuguese speaking women, typically between the ages of 35 and 75 and face language or technological difficulties or are simply unaware of the administrative procedures associated with the scheme. There was an increase in inquiries about benefits, as users are not sure or aware of the eligibility criteria to access them. There is a great deal of confusion, especially among those with Pre-Settle Status, as application rejections have begun to surface, and the scope of the rights granted through this provisional residence permit is unclear.

Most of the cases handled have been successfully resolved by providing information to users, accessing government platforms and online applications and, to a lesser extent, contacting the Call Resolution Centre from the Home Office.

One of many of our successful applications was one about retained residence rights in which the sponsor's applicant was a deceased and the applicant was in peril of losing the immigration status in the UK. Other examples of successful applications were related to longresidence absences due to the pandemic restrictions and covid-19.

Adult Community Learning (Adult Education)

We aim to provide education that meets the needs of the service users. In general, the users want to improve their connection to live in London in the twenty-first century. Communication in English and their understanding of how to use their smartphones are key areas of our work. Achieving positive outcomes with the national health service, banks, landlords, employers, HMRC, Local Authorities, Universal Credit, Pension Credit advice services like Citizens Advice often depend on using digital technology. Many of these websites are only available in English, so assisting learners to become experts in the use of apps like google translate has been very popular. Latin America House hasa very positive ongoing working relationship with the London Borough of Camden Adult Education. They have been delivering popular classes in ESOL and Digital Skills. They provide a suite of laptops that enable service users to expand their capacity in the digital world.

Our ESOL classes provide support and encouragement for service users to improve their level of English in four skill areas, speaking, listening, reading and writing. We are not a registered exam centre, but we have successfully supported service users when they are taking the Secure English Language Test. This is an exam approved by the Home Office and necessary when extending certain classes of visas. Some learners have been supported when trying to pass their driving test. They have found understanding the language used by examiners to be challenging. With support and encouragement one learner driver finally passed their test, having failed on the two previous occasions as they did not fully understand the examiner's instructions.

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continue) Year ended 31 March 2023 eee

As part of our ESOL programme, we arrange regular trips to iconic attractions in London. Over the past year we have visited Kensington Palace, The Sky Garden, Borough Market and Greenwich via a riverboat trip from Westminster Pier. These excursions are provided at low or no cost to the learners. At present we deliver ESOL classes to a group of eighty learners. Most learners work in hospitality, care and cleaning sectors of London’s economy, some are retired. Shift patterns often make it challenging for learners to attend all the classes all the time. The content of each class is uploaded online so that whilst being unable to attend all classes they still feel connected. A minor element of the services provided by the education is an interpreting service to service users who avail themselves of our immigration legal advice sessions and debt advice sessions.

Children’s Education

Our Children’s Education services comprise of 3 areas:

• e The Menchu Nursery for Early Years (2-4yr olds), e The Saturday School for Primary aged children (5-11yrs old) , but now expanding up to 16yrs e Anew Children and Young People’s project for both children (5-17yrs) and young adults 1825yrs)

i) Centro Infantil Mencha (Mencht Nursery)

Centro Infantil Menchu welcomed new members of staff. We continued to grow in numbers of children (22) during this period. Our nursery community reflects the area of Kilburn where there is a high incidence of Arab background population. We have 10 children where one of the parents comes from a Spanish speaking background. By the end of March we had 28 registered children to start in the Summer Term (April - July).

The majority of children attending Mencht benefit from the government funded scheme of 15 free hours. Privately paid hours have decreased greatly, some of the reasons being this are the parents are working from home or they are receiving benefits therefore they cannot afford to pay for extra hours. This year all the children were registered to attend term time only but we continued to offer holiday break time sessions if required.

Children came mainly from Camden and Brent, but also from Westminster, Barnet and Harrow.

Parental Involvement: The removal of Covid restrictions has enabled parents to take opportunities to come into the nursery to collaborate with the delivery of the ‘Mystery Reader’ activity and also to celebrate their children’s birthday. Parents are aware of other social and cultural activities taking place at Latin American House, but they do not seem to be interested in them.

Achievements this year included the revamping of facilities inside the Nursery (including the Sensory Room); the Ofsted Inspection, rated Good; the food Inspection, rated 5 (highest rate); and the parents’ reviews on the Day nurseries website which have gone up to 9.8 (10 max).

ii) Spanish Saturday School

Our Saturday School for children continues to contribute to 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 family’s heritage and cultures. It is a place for sharing 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 enrolled children from Reception upwards, however the majority are primary age. This year we have been

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LATIN AMERICAN HOUSE

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2023

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running five classes face to face and two classes online each Saturday. The children come mainly from Latin American or Spanish families and a few are of British origin or other ethnic backgrounds.

Next year we intend to expand the offer of the Spanish Saturday School to include a GCSE class.

iii) Children and Young People’s Project

This year we received a new grant from the John Lyon’s Charity that supports children and young people by offering educational opportunities to help them grow and develop. The project only started towards the end of the year with a temporary coordinator, but we managed to start by offering after school clubs (lego and sewing) anda trip to Lego world for children from disadvantaged/low income families.

For the next year a wider range of activities and clubs including holiday clubs have been planned to support working families.

Communities and Cultures

Funds from the National Lottery Community Fund made it possible for Latin American House to recruit a Communities & Cultures Coordinator three days a week, as well as a team of volunteers. Management arrangements were put in place. Outreach and collaboration to and with numerous organisations, once COVID related restrictions were lifted, were expanded and a series of community events were organised. A survey carried out with the help of volunteers amongst daily users of Latin American House informed priorities and a plan of action and the curation of a Communities & Cultures Programme. The coordinator also developed and published selection criteria and a guide for people interested in submitting project proposals to Latin American House. This responded to the regular arrival of project and event proposals from external sources (such as artists and other charities) for which a clear and efficient and effective assessment process didn't exist.

Digital Transformation

LAH Digital Transformation has continued to establish and develop Latin American House's digital presence during the year 2022-2023, with positive trends across all major analytics (website, social media, newsletter). Meanwhile, the quality of our digital resources and platforms continued to improve.

Latin American House Website

LAH’s ‘new’ website entered its second year, remaining until the end of 22-23 cycle as an invaluable platform. Special focus was given to expanding and improving online resources, including a section relevant to our legal and social welfare advice services. This incorporates several bespoke benefits factsheets, carefully designed with end users in mind. They explain, for example, the ins and outs of key welfare benefits with step-by-step guidance on how to use various government benefits portals,

• with screenshots and translations into Spanish. These are the only resources of its kind available in Spanish at the time they were developed (may remain the only ones), and have been shared with users in both digital and physical formats. More factsheets on other topics were in the works at the end of the period covered in this report. Other key improvements on the website have included: e The addition of dedicated pages to the Cultures & Communities and Children & Young people projects

• e The redesign and development of the Menchti Nursery section as an internal micro-site with its own branding and feel

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LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2023

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“numbers are the average number of each metric throughout one calendar year, using monthly figures. Social Media All social media channels have seen growth in the past year, with Facebook and Instagram in particular showing very positive results.

Twitter saw the exact same rate of year-on-year growth as the previous year (9%), which is significantly lower than other channels. However, this may in part be explained by a decline in the platform’s popularity over the past years. It is also the platform where members of our communities are least likely to engage directly with us and our content - therefore, the focus on Facebook and Instagram remains a good strategy.

Po June 2022 June 2023 % growth

The use of volunteers and other staff in managing and uploading to social media (particularly Instagram) has been extremely successful and have allowed our platforms to maintain a sense of consistency. Bringing in more volunteers to support with social media will be a focus in 2023-2024.

Newsletter The Latin American House newsletter goes out on the first Thursday of every month in English, Spanish, and Portuguese. Subscriber growth is steady, but has been slower than in the previous year (7.5% from 2022 to 2023, as opposed to 17% from 2021 to 2023). Specialised campaigns aimed at attracting new subscribers to the newsletter will form part of our strategy in the coming year. As of the 1st June 2023, there were 6,318 subscribers to the newsletter.

Overall, this has been a productive and successful year for the Digital Transformation project, with strong growth across all major metrics. We have delivered on the previous years’ goal of improving

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LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 eee

and expanding our online resources, and made it easier than ever for users to find us and interact with our services.

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.

Our grant income in the year came from 5 main funders:

• HM Government to finance the EU Settlement Scheme project

• • The National Lottery Community Fund which 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)
• • Trust for London which funds our immigration services - The Social Enterprise Support Fund which funded our adult Education programme - The John Lyon Fund that was awarded for Children’s Education

In relation to our income and expenditure, income for the year totalled £447k (p/y £397k) whilst costs amounted to £481k (p/y £431k). The shortfall of £34k was funded by Reserves which included £18k from our Covid Recovery grants that had been received, but not spent, in the previous financial years, and the remaining £16k from General Reserves.

Our balance sheet still remains strong with a general reserve fund of £50k anda working capital fund of £70k giving usable reserves of £120k 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 unforeseen costs associated with (major) repairs that the building may require.

Reserves Policy

The Charities SORP requires a statement of a charity’s reserves policy within its annual report. In addition, if a charity operates without a reserves policy, the regulations require this fact to be stated in the annual report.

For the 2022-23 financial year, Latin American House reviewed its reserves policy in light of which we consider a reasonable amount of reserves is maintained.

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 communities. This will be particularly relevant as at the time of writing the cost of living crisis seems to be the main source of difficulties for members of our community for months and possibly years to come. This has significant implications as a charity and voluntary and community organisation. It has been during the last quarter of the 2022-23 that we entered the year in which the Latin American House started to celebrate 40 years since its foundation.

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13

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2023

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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:

• e select suitable accounting policies and then apply them consistently;

• ° observe the methods and principles in the applicable Charities SORP: e make judgments and accounting estimates that are reasonable and prudent;

• e 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.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees’ annual report was approved on 20'" December 2023 and signed on behalf of the board of trustees by: Enrique Saenz Trustee

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14

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2023

i

Opinion

We have audited the financial statements of LATIN AMERICAN HOUSE (the 'charity') for the year ended 31 March 2023 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 2023 and ofits 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.

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15

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

Year ended 31 March 2023

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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:

• e __ the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or

• e adequate accounting records have not been kept; or

• e the financial statements are not in agreement with the accounting records and returns; or

• e 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.

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16

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Independent Auditor's Report to the Members of LATIN AMERICAN HOUSE (continued) Year ended 31 March 2023 SSS

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:

• e Discussing with the trustees and management their policies and procedure regarding compliance with law and regulations;

• e Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit ; and

• e 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:

• e Making enquiries of the trustees and management on whether they had knowledge of any actuai, suspected or alleged fraud;

• e Gaining an understanding of the internal controls established to mitigate risks to fraud; e Discussing amongst the engagement team the risks of fraud; and e 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.

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17

LATIN AMERICAN HOUSE

Company Limited by Guarantee

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

(continued)

Year ended 31 March 2023

eee 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. . cal” Kolewmittes. “A

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

21st December 2023

Saleemi Associates is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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18

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2023

SSeS

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted| |Note|funds|funds|Totalfunds|Total funds| |income|and|endowments|£|£|£|£| |Donations|and|legacies|5|8,200|—|8,200|12,710| |Charitable|activities|6|121,585|284,160|405,746|348,121| |Other trading|activities|7|31,928|~|31,928|29,856| |Investment|income|8|1,589|-|1,589|158| |Total|income|163,302|284,160|447,463|390,845| |Expenditure| |Expenditure|on|charitable|activities|9|192,786|288,565|481,351|431,542| |Total|expenditure|192,786|288,565|481,351|431,542| |Net|expenditure|and|net|movement|in| |funds|(29,484)|(4,405)|(33,888)|(40,697)| |Reconciliation|of funds| |Total|funds|brought forward|2,855,899|4,405|2,860,304|2,901,001| |Total|funds|carried forward|2,826,415|-|2,826,415|2,860,304|

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

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. eeee ee a eee

19

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Position

31 March 2023

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2023|2022| |Fixed|assets|Note|£|£| |Tangible|fixed assets|15|2,708,069|2,710,437| |Current|assets| |Debtors|16|41,917|46,128| |Cash|at bank and|in|hand|180,952|171,381| |222,869|217,509| |Creditors:|amounts|falling due within|one year|17|104,522|67,642| |Net current|assets|118,347|149,867| |Total|assets|less|current|liabilities|2,826,415|2,860,304| |Net assets|2,826,415|2,860,304| |Funds|of the|charity| |Restricted funds|—|4,405| |Unrestricted|funds:| |Revaluation|reserve|2,500,000|2,500,000| |General|fund|50,317|70,339| |Designated|fund| |e|Working|capital|reserve|69,598|60,686| |e|Covid|recovery fund|-|18,374| |e|Property|cost|206,500|206,500| |Total|unrestricted funds|2,826,415|2,855,899| |Total|charity funds|20|392,826,415|2,860,304|

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

For the year ending 31 March 2023 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:

• e 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;

• e 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 statement of financial position

The notes oncontinuespages 22 to on31 formthepart followingof these financialpage.statements. eeeOOS Oe oeeee

20

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Statement of Financial Position (continueg)

31 March 2023

eee These financial statements were approved by the board of trustees and authorised for issue on 20th December 2023, and are signed on behalf of the board by:

Enrique Saenz Trustee

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

21

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

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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.

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22

LATIN AMERICAN HOUSE Company Limited by Guarantee Notes to the Financial Statements (continuea) Year ended 31 March 2023 eee 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:

• e 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.

• e legacy income is recognised when receipt is probable and entitlement is established.

• e 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.

• e 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:

• e 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.

• e 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.

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23

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 March 2023

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1. 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.

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24

LATIN AMERICAN HOUSE Company Limited by Guarantee Notes to the Financial Statements (continueg) Year ended 31 March 2023 eee 3. Accounting policies (continuea)

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 themseives.

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25

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2023

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5.	Donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
	Donations	£	£	£	£
	Donations&Other Corporatedonations	3,364 4,836	3,364 4,836	3,444 1,266	3,444 1,266
	Grants
	Covid Business Grants	_	-	8,000	8,000
		8,200	8,200	12,710	12,710
6.	Charitable activities
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
	Corporate Children's Education Legal&Advice Services Culture AdultCommunity Learning		£ 50,733 69,142 - 1,667 43	£ 40,184 120,074 90,798 25,704 7,400	£ 90,917 189,217 90,798 27,371 7,443
			121,585	284,160	405,746
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
	Corporate Children's Education Legal&Advice Services Culture AdultCommunity Learning		£ 49,349 76,534 3,000 3,052 2,982	£ 15,800 115,627 46,030 11,747 24,000	£ 65,149 192,161 49,030 14,799 26,982
			134,917	213,204	348,121
7.	Other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
	Restaurant leaseincome	£ 31,928	£ 31,928	£ 29,856	£ 29,856

Sennen

26

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |8.|Investment|income| |Unrestricted|Total|Funds|Unrestricted|Total|Funds| |Funds|2023|Funds|2022| |Bank|£|£|£|£| |interest|receivable|1,589|1,589|158|158| |9.|Expenditure|on|charitable|activities|by fund|type| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2023| |Corporate|£|£|£| |Children's projects|-|36,211|36,211| |Legal|Education|74,852|120,074|194,927| |& Advice|Services|75,385|75,385| |Culture|-|25,126|25,127| |Adult Community|Learning|390|7,400|7,790| |Support costs|117,544|24,369|141,914| |192,786|288,565|481,351| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2022| |Corporate|£|£|£| |Children's|projects|-|35,605|35,605| |Legal|Education|68,005|115,626|183,631| |& Advice|Services|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|

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

1. Support cots allocation between charitable activities

----- Start of picture text -----
|||| |---|---|---| |Total|funds|2023| |Corporate|£| |Children's|projects|22,533| |Legal|Education|49,996| |& Advice|Services|31,656| |Culture|13,258| |Adult Community|Learning|17,765| |Governance|costs|6,705| |141,914|

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

Support cost include Building costs, Utilities, Core Staff and general Admin costs.

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27

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

eee

11.	Net expenditure
	Net expenditure is stated aftercharging/(crediting):
		2023	2022
	Depreciation of tangiblefixed assets	£ 2,368	£ 2,368
12.	Auditors remuneration
		2023	2022
	Fees payable forthe audit ofthe financial statements	£ 2,196	£ 2,198
13.	Staff costs
	The total staffcostsandemployee benefitsforthe reporting period areanalysed as		follows:
		2023	2022
	Wagesand salaries Social security costs Employer contributions to pension plans Otheremployee benefits	£ 293,371 15,906 16,076 47,624	£ 267,618 14,911 13,780 39,523
		372,977	335,832

The average full-time equivalent head count of employees during the year was 13 (2022: 12).

No employee received employee benefits of more than £60,000 during the year (2022: 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

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28

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

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15. Tangible fixed assets

	Freehold	Fixtures and
	property	fittings	Total
Cost	£	£	£
At 1 April 2022and 31 March2023	2,706,500	11,841	2,718,341
Depreciation
At 1 April 2022 Charge forthe year	- ~	7,904 2,368	7,904 2,368
At 31 March 2023	-	10,272	10,272
Carrying amount
At 31 March 2023	2,706,500	1,569	2,708,069
At31March2022	2,706,500	3,937	2,710,437

All the condition 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

		2023	2022
	Trade debtors Otherdebtors-cash float head at payroll company	£ 11,917 30,000	£ 16,128 30,000
		41,917	46,128
17.	Creditors: amounts falling duewithin oneyear
		2023	2022
	Trade creditors Accrualsand deferred income Othercreditors	£ 39,352 59,864 5,306	£ 12,885 48,380 6,377
		104,522	67,642
18.	Deferred income
		2023	2022
	Amount deferredinyear	£ 53,798	£ 49,140

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29

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

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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 £16,076 (2022: £13,780).

20. Analysis of charitable funds

Unrestricted funds

					At
General funds Revaluation reserve Designated Fund	At 1 April2022 £ 70,339 2,500,000	Income £ 163,302 =	Expenditure £ (192,786) _	Transfers £ 9,462 =	31 March20 23 £ 50,317 2,500,000
e Working capital e Covid recovery	60,686	—	-	8,912	69,598
fund e Propertyfund	18,374 206,500	— ~	- —	(18,374) _	- 206,500
	2,855,899	163,302	(192,786)	—-	2,826,415
General funds Revaluation reserve Designated Fund	At 1 April 2021 £ 63,002 2,500,000	Income £ 177,641 -	Expenditure £ (210,838) -	Transfers £ 40,534 -	At 31 March20 22 £ 70,339 2,500,000
e Working capital e Covid recovery	68,023	-	-	(7,337)	60,686
fund e Propertyfund	51,571 206,500	- -	- -	(33,197) -	18,374 206,500
	2,889,096	177,641	(210,838)	—	2,855,899

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.

SSeS

30

LATIN AMERICAN HOUSE

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities (continued)

Year ended 31 March 2023

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20. Analysis of charitable funds (continued)

Restricted funds

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|||||||| |---|---|---|---|---|---|---| |At|At| |1|31|March|20| |April|2022|Income|Expenditure|Transfers|23| |Restricted|£|£|£|£|£| |Fund|4,405|284,160|(288,565)||=| |At|At| |1|31|March 20| |April|2021|Income|Expenditure|Transfers|22| |Restricted|£|£|£|£|£| |Fund|11,905|213,204|(220,704)|-|4,405| |Analysis|of|net|assets|between|funds| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2023| |Tangible|£|£|£| |Current|fixed assets|2,708,069|-|2,708,069| |assets|222,869|~|222,869| |Creditors|less than|1|year|(104,522)||(104,522)| |Net assets|2,826,415|-|2,826,415| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2022| |Tangible|£|£|£| |Current|fixed assets|2,710,437|-|2,710,437| |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|

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21. Analysis of net assets between funds

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