COMPANY REGISTRATION NUMBER: 06720498 CHARITY REGISTRATION NUMBER.. 11272S3 LATIN AMERICAN HOUSE Company Limited by Guarantee Financial Statements 31 March 2024 SALEEMI ASSOCIATES Chartered accountants& statutory auditor 792 Wickham Road Croydon CRO 8EA LATIN AMERICAN HOUSE Company Limlted by Guarantee Flnancial Slatements Year ended 31 March 2024 Page Trustees, annual report (inc¥>rporating the directorfs report) Independ6nt auditorfs report to the members Statement of financral activities (including income and exp8nditure account) 13 Statement of financial position Notes to the finanual statements 14 16 LATIN AMERICAN HOUSE Company Limited by Guarant00 Trustees, Annual Report {Incorporating the Directorfs Report Year ended 31 March 2024 The Irusl88s, who are also the directors for the puT￿seS ol company l•w, prw&enl their rgP)rt and the flnan¢ial statements of the charity for the year ended 31 March 2024. Ref•r•nu and adm1nl8tratl￿ d•tsll$ R•glst•r•d charlty name LATIN AMERICAN HOUSE Charty r•gl*tratlon numb 1127253 Comp•ny r•gi•tratlon numb•r 06720498 Prk)clp•l olllc• and r•gl•t•r•d Latin Ameri￿n Hou80 offlc• 10 Kingsgate Plgce Kllbum London NW6 4TA Thè trust••s Enrique Saenz De Sicli8 IcfydMlr} Inès Marcel8 Hermhla (C￿cha￿l Henry Stanley Webb Lina Rodriguez Maria Aguslina CMi¥eri Mariann So8dd Sarquls Sopulv•Ja MvJuel M8reado- resl9ned 14th Sept 2023 Raul V8klivia- re*gned 30th Juno 2023 Audltor S8leemi Asso¢ioles Chartered accDuntants & st8tutory athlilor 792 Wickham Road rAoykn CRO 8EA LATIN AMERICAN HOUSE Company Limited by Guarantee Trustees. Annual Roport (Incorporating tho Dlroctor's Report) (Mntinue¢l) Year ended 31 March 2024 Co•Chairs' Report 202>2024 11 Is with great pleasure pyesonting our annual rgFrfJrt fr)r 202>2024. a ￿ar that markod a signlflcant mllestone for Latin Arneric8n House- our 40th anniversary celebrations. Our organizalion has conlinued lo make gjbslanlial impacts across murtiple serylce 8reas. Our Advlce Services wjpported almost one thousand servic• usws, a 25% increasg in case volum8 drlvgn by tho ongolng cost-of-living Criss. We are particuLqdy proud of m8inlainiThJ our Advice <2uality Standard IAQSI certification. a 18Stamonl lo our commitmenl lo delfvering h￿h-quallty. reliable support. Ckng of many fesllvats In c•lelxation of our 40ttFannNersary trrtoughl 1o3ether over 400 parucipants. 25 entrgpigneurs, and 15 communlty 8rtislic performancgs. Thls Celebrat￿n nol only commemoraled our history bul also showcased the rl¢h curtural tapesty of Ihe Lalln American communlty In London. The ygar has not been wthotrt challenges. We faced finonclal pr6ssure5. with a defic￿ in the prevlous financlal year and Iht r￿d lo bulld our reserves. Our board has been proactive in addressing Ihese thallenges. developiNJ strategic plans for flnandal stabllty. explorlng n8W P8rtngrshW, and enhancing our grant management pro￿5$•$. Our ftrtuie plans ore ambit6ous fo￿8￿d. We alm lo expand our advlce and educalk)￿l seNlces, develop tar981ed support lor elderly communty members, onhanca ment81 health and well-belng Inlllallv68. strgn9th&n our di￿181 erMJ8gement and explore new fundraising and partnershbp opportunllies I want lo exltnd my d￿pes1 gratitude to our d9111￿ted staff, y￿Unta0r$ ond fellow Trusteos. And partlcu18rty the Lalln Am¥rlcan Indlwduals and fomilles we ser¥e.' you are the hèart of the Lalln Am8rl¢an House. Your stor19s, re￿IlenCe. and twust inwr* us dally. The support from furKl8r$ and sponsors makès work . thank you As wg move forward, we r8maln dedICal￿ lo our mlssth of SUFPOrtiNd, omF*￿erIng, and cel8bTatlng the Lalln Amerlcan community in L¢)ndon. With gratitude and hop•, Inés Hermida 8nd EnrSque Saenz CTrChalrs, Lalln AmerlGan House LATIN AMERICAN HOUSE Company Limited by Guarantoo Trustees. Annual Report (Incorporating the Directorfs Rèport) (¢onITn￿dJ Year ended 31 March 2024 Introducllon Lalln Amerkan HOLFSO ILAHI has contiThJed to gJPPQrt Ihg Laun Arnric8n ccrfnmunlty in London through a variety of services and prwams. This Trustees report kyovkles an ov6rvitrw of our actlvlUes, achievemenls. and financial p8rfomwn¢e over the pasl year. Key Achievements Ad¥lc• S•rvl¢os W•ll•rn and Beneffts Ad¥le•'. Supported 922 servKe users, wilh a notsble Increase in case volume ijue lo the cL)sl•of-living uigs. A¢hieved the A(fvico QuJily Standard (Aas) c8rtifi¢atlon renowal wfrth merlt. Tho s&rvlce saw a significanl incrgase In demand due lo the ongoing cosl-of-llving crtSiS. Wrth a 25% rise in case volume compared to the previoLt$ year. We attribute the surga lo the growing number of Latin Amerlcan ml9ranls arriving in the UK and Ihe aging population within lh& established communlly, which has18d lo a hlgher demand for penshyFrelatetl Inf0M￿tIon and support for those not èligible for pension entillgmenls. Throughout 2023, the servlc8 provlded Infom81itin, adwce, and support lo users IhroLtgh drop-ln sesslons and regular appointmgnls. addressing individual cases. induding those requiring floallng support. The majority of inqulries were relaled lo benefit appI￿allOn procedures, bLrt the sgrvi¢x also extended support lo private housing issues such a5 Tent arrears. disrep8ir, and evictions. This was achieved in collaboration with volunl8grs and exlemal partners. AQS certlficallon has been lestam*nl lo the outstanding work carried out by the organisallon. The auditor r8cognlsed the excellence of th8 Servi￿ bul also recommended Ihe rgcwttmenl ol a junior adviser to further enhance an¢J support operations. Thls achievement underscoies Ihe org8nisalion's commilment to maintaining high siandards and continuous improvement in rts a¢Jvice servlces. ensuring that the community rew'ves reliabl8 and effgcb've support. Immlgratlon S•rYl¢u: Rprestabllshed parlnershlp wlth S8t¥hus Sollcttors for knmlwatlon 8dvlce. Working on a cornprehensve evaluabon plan for Trust for London. Thls servlce has 81s0 been cruclal In SUPPOfling the Latin hJnerican communlty. The service has provi¢Jed essentlal 9uidance on immigration procedures, helping new arrivals navigate the complexrties ol the UK iMM￿ration system. This support h8s been vital In ensurlng th81 migrants can settle and become rècognised into the communty smoothly. Children and Young P•op Saturday S¢hool: The prograrn￿ focused on enhan¢ing Ihe qu81ity of education and sewring a quallty mark for the school. Despitè some challenges in maintaining conbnuous involvement, thgse efforts laid a stron9 foundati￿ for future improvements in the school's educational slandards. LATIN AMERICAN HOUSE Company Limited by Guarante• Trusteès. Annual Report (Incorporatlng tho Directorfs Report) Year endèd 31 March 2024 lollday Camps.. Successfully hosiod a hall-term day camp wtth 7-10 children per day, self-fvnded through partiapation fees. The Lego Club, laun¢hed during a half-term. received enthusiastic participation from children and positive feedback from parents. The outing was funded by the John Lyon's Charily {JLCI Short Holiday Fund. This lrip was highly apprecialed by th9 Children, who rated il .11 out of 10." and It provided a memorable antl educational experience for all parttcipanls. The club's aclivilies, which included imaginative and creativg sto￿ellIng. h8lp8d in developin9 the ¢hSldren's social and ¢ognilive skn'lls. Communltl•s and Cullurn• Ev•nts •nd A¢tl¥ttlM: In its dynamic so￿n￿ year, the Lalln Arner￿n House's Communlty and Cuftufe Programrne delivered a variety of 8dNities. most notably a 40th-anniveTsary festival. Thls milestone event was attended by over 400 participants and featured 25 entrepreneurs and 15 community-based artistic performances. The lestfv81 served as a vibrant platform for artisti expression and community borKling. celebfaiing four decades of the Laun Arnori￿n House's presence In Lon¢Jon and highli9hling th• richnes5 and re￿Ilence of Latin American culture. One of many of the festivals around Ihe 401h-8nnNersary of Latin Amerlcan House brought logelher diverse voices, creating a Spa￿ for artislic expression and communlly engagement. It not only mark8d a son1r￿an1 mil8slon8 foi the or9anisalion but also showcased tho cultural heritage and contributions of the Latin American communily in London. The event underscored the importance of cultural preseryation and c&)mmunlly solidarty. l¢)slering 8 s8n8e ol prido and rfjcognklon among participants. Additionally. Ihe org8nisation embarked on a muttimtdia Fffoieci trt￿d 'Afralg8dos.' whi¢h captured the volces 0116 migr8nls through family photography and interviews. This project highlighted Ihe personal stories and &xperiences ol Latin American migrants, emph85izing the Latin Amedcan House's role as 8 thriving cultural and ¢ommunity hub. 'Arraigados' playgd a cnJci81 role in foslering undgrs18ndlng and integration wthin tho vibrant London 18ndscape. pariicularfy In the posl-pandernic roalSty. Tho programme also saw mUlt￿ultural partltyp8lK•n in various a¢tivilles. suth as conversatlon sessSons English. training workshops In enlrepfeneurship. and diverse cultural events. These 8clivilies refiectèd the community's thirst for r8cognrlion and mutual undersiandlng, demonstrating the L811n American House's commitment lo supportsng Ihe cullural and socral na8ds of ils members. Throu9h these initiatives. the Latin Amertcan House continues lo promote cultural exchangg and Community cohesion. maklro a significant impact on lh8 Itves of Latln American migrants in London. 05gltal Tr•n$formatlon and commuThlcatk*n$ In what was the second y•ar of its Dkjlal Tr8nsformatlon process. Lalln Amerlcan House achleved several key milèstones. One sgnificanl devokjpmenl w8s the seamless integratlon of Sharesy into the organization's website. whl¢h streamlined the booking kyocess for community centro spaces. This Integration not only Improved the website's aestheb'cs but also bvgraged shareS￿s customgr support services lo manage inquirfgs and efficienuy process booklngs 8fKI payment& This enhancemgnl has graally f8¢ilitaled user inleractlons and oFeralional effiaency. To commemorate its 40th anntversary. Lalin American House d8syngd a new kYJo in consuttatlon with the team. This omblematic desgn has becomo a hallmark of the anniversary cAlgbralions and Inspired thg ¢re¥llon ol exdusive merchandise. such as tote bags and l-shlrt$. The new logo and mgr¢h8ndise havfr hdped to mark this Signffj￿tint milestono and kyomole th8 organizatlon's Idontmy and ￿gacY. LATIN AMERICAN HOUSE Company Limited by Guarantèe Trust8•s' Annual Report (Incorporating the Director's Rèport) (¢onUnu•d) Yoar endad 31 March 2024 The highest communication engagement of Ihe year (Kcurred during th8 Coverage of the 40th-anniversary celgbr81ion held in Oclobor 2023. Thi5 event led to the èstabllshmenl of a corporate partnership. who provhled volunteers lo support tha gvont and created a promolSonal vitleo. The partnership and the event's success hwhlighted the organization's ability lo engage wth th8 community and corporate partners 8ffgctlvdy, enhanc>rvJ its visibillty and OLrtreach. In Septembgr 2023. L8tln American House esiabllshed a Whats4pp communty group, initially connocting wllh 337 members. This Gyoup h8s become a vital lool for sharin9 updates aboLrt $grvices and cultural events, pfovlng lo be th8 most effective way lo conrwd with users. Tho pref8ren¢e for WhatsApp and w(¥d-of-mouth comMLtni￿tm￿ among users has facilitstgd immediate and wid8$prgad informatlon ¢Jissemination. Addttionally. Ihe organizalion re¢efved a congratulatory loller from th Mayor of London os part of the 40th-annNersary cel•br8tkfii recognislng the posltlve Impad and communication of ils outcomfjs over the fftrs. Nur••ry IC•ntro Inf•ntll ￿•￿h￿ For most of the year 1202>241 th￿ soryke operalod 81 full ￿pa￿tY wlth 22 chlldr8n enrolled. It nllnuod to provkle hoghquality earty ye8r8 ed￿tiOn despite *ff recrultmenl Chalkn￿5. During the pfjrlod Ihe $18ff-Io-child ratios w&rg maln18in8d and a register was meticulously maintained lo ￿cOld attendance, ensuring 8ccurale ITacking ol each chlkfs presence. The kgy person system was effecllvèly implemented, wrth each staff m8mber responsib￿ lor a small group of chlldren. This syslem ensured that children fgrt sale and cared for, with key persons recording observations, writing progr9$S ￿pOrtS. and sharlng infomalion with parenis lo address any concems OT developmgnlal needs. The key persons also supported tho d)ihJren's physlGal needs. Including nappy ¢hanglng. loileling, and dressing. Th& lyplcal nursèry day al Menchu Nursery was slructurod lo provide a cnns¢slenl routs'ng for both childrgn and staff. The nursery opgfalgd liom 9 am lo 4 pm, Monday lo Frld8y, during temi time. Thls stTUCturgd ￿hedUle helped m￿ntsIn a stable and nurturing environmont for the children. Team performanco and staff management wgre dosely monitored ihiough regular reviews, appiaisals. and action plans. Ongolng evalu81K)n process was crudal In m8inl8inlng h￿h stgndards of care arKI addressing any areas for improvement within the team. However, al the end of Ihe pwlod the pr05peL*5 for the Nursgry were uncertain. One ol the key challenges for this seryice, in tha conlext of Lalin American House misgon. has been the fewer families with a Latin American background that the seryice was abl8 to attract over the last few years. Adult Educatlon and Skills Through our Adurt Education and Skills programme, we have worked towar¢Js establishing a n•w partnershlp wlth Worklng Men's Coll•g• to deliver ESOL (English for Spgakers of Othe Languagasl courses lo Latin American users and the k)cal community in Kilburn. After several years of collabofalion wrth Camden Muft Communlty Lèarning IACLI, our partnership conclude(J in 2024. This prompted u5 to reflect on how we can improve our service delrvery by ulilising our in-house team and resoLtrces. One contribLrting factor lo the end of this agreement was the low attendancg at the ESOL and Digital Skills classes provided by Camden ACL. compaied to the higher participation in English dasses offered difadty by Latin Ameiican House. LATIN AMERICAN HOUSE Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Directorfs Rèport) (wrtT*7ts•d) Year ended 31 March 2024 In response, we submitied 8 grant proposal to the City Bridge Foundatlon al the start of 2024. This proposal. currently under review, ￿kS core funding to enhance our capacity for expanding this programme. Looking ahead. one of our planned initialives is to introduce fee-pawng Spanish classes for adults, generating In￿Me that can b8 r9invested lo strengthen our Adult Education and Skills piovision. Through careful alh)cati¢)n of resources, American House is committod to reinstating ESOL classes independently, without rellance on external partnerships. Additionally, we aim lo offer Digital Skills. Employability training. and lile skllls courses to help adulls-P8rtiCLslady those lacin9 language and technological baTriers-navigat8 life in the United Kingdom. Communlty Contre This yfjar, our Community Cenlre has played a vital rolo in the continued d&velopmenl of Latin American House. We have welcomed a diverse Tange of partlQP8nls and users, including individuals from vark)us South and Central American countries as well as Intemational visitors. Our Cenlie has provided essential seThices and hostfjd activiti.es thal caler lo bolh our core communlly and 6xl8rnal audlences who value thfj incluslve space5 and wbranl programmes we offgr. Throughout tho year, w6 have eonllnu•d to Ilcense our sp•¢￿ to 8 range of rogular hlrtrs. These nclude a muslc studio. a photography sludio, a youth club. a rest8uranl, and the ngwesl addillon. another ¢harlty, the Agm8 Community Group, which supports the Somali communlly In Brent. A kgy achlevemenl Ihls year was securing fundlng from the VCSE Energy Efficiency Schom• to 8nhance the suslainabllily of our communily building. With Ihis supptsrt. we implemented energy-saving measures such as installing dOubl￿baZOd wirrfjows and upgfading our lighting systems. These improvements not only conserye energy and ￿duce our carbon foolwinl bul also allow us lo allocate morè Tesources toward supporting Lalin Americans irb the UK and ¢èlèbraling our ch cuhural traditions. Together, we are nol only bLwlding a stronggr communbty but also conlribuling lo ? greener future. In addlllon, we were hor￿ured lo be app￿Ched by th• Emb••$y of th• Domlnlean Ropubllc lo host thelr general e￿CtIonS for the Dominican diaspora residing in the UK. This demonslraled significant vote ol confidence in our ability lo deliver a professiongl and secure event. Th8 two-day hire enabled the dlplomali¢ body to set up. manage the eleciion process, and securoly collecl and transport the votfjs for counllng. Through Ouf Community C8nlre, we h8vè also strongth•n•d our relatlonshlps wlth corporat• partners by offering meaningfvl one￿ff volunteering opportunities lo enhance (he building. Thls y98r, we welcomed the support of employee5 from MSO Alianza and Expedia Travel Group, who generously d8dicaled one of their volun19ering days lo redecorale two of our offices and clgar ovl our basement. The ckgar8d items were donaled to our users and other chorttles, ensuring Ihey wer¢ pul lo good use. Governanc• Board M•M￿rnhIP and Succ•ssitin Planning.. Al the year's AGM 811 trustees al the time remained in their po￿tiOns. with one (Miguel Mercadol announang fom)alI￿n9 hi5 resignation and handover. The board discussed and slarted lo woth on 8 struclured succession plan, approvin9 a policy Ihal outlines trusteeship timelines lof each current trustee. This plan alms to ensure a smooth transrtion and continuity in govem8nce. LATIN AMERICAN HOUSE Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng tho Directorfs Report) Yoar ended 31 March 2024 Business Plan and Strategic Difoction: Throughout the year slrala9ic planning activities focused on navigatin9 away from the financial and operalional challènges posed by ihe po$l-COWD-19 environment. The discussons focused on maintaining financAal stability, with an emphasis on sè¢uring new gTanls and renewing existing ones. as mosl Ixjrrenl giants are sel lo expire in 2025. The Iruslees also explored polential partnerships and sponsorships. considering the rgputalional risks and the need for 8 robust sueening process io evaluate corporate partners. Additionally, the board ol Twslees re¢ognised th8 importance of lonoterm planning and systematic grant management to avoid short-lerm, low-impact projgcls. Efforts were made lo enhanee the organizatton's capacity lo track social impact and involve users in thi5 process, aiming to attract private funding and ensurg sustalnabltr growth. The Trustees also addressed the need lor better dissaminalitsn internally of fundin9 needs and the development of a st*Jnsorship pack lo dearly communicale the benefits lo potential sponsors and partngrs. Rlsk Managem•nt and Flnancial O￿r819h1. The riBk regisler was updated lo reflect the high risk assoclated with the ero&on of general reserves. which ended Ihe 2022-23 financial year with 8 £34k deficit. Financial ovgrsghl was undertakon by approving quarterfy accounts and budget reviews. The board also discussed thè need to incr•as& reserves overall lo £1Crt)k from the past reservg level of £70k. Tru81¢¢ R•¢rultmont and 8oard R•vl•w: The truslee rg¢rurtmenl process identifigd candidates with backgrounds in real eslale and business development, iesultlng In the apwlnlfflent of Llna Rodrl9UèZ wrth expertise in legal matters partiCula￿Y regarding the manag¥ment of facilities by Charllies. Tha board also 8mphaslzed the need for ongoing Tecruitment to fill gaps In social enlerprisa and lalenl development expertlse. A board reV￿W was deemed necessary, wth plans for a sell-reflè¢tion exercise. Additionally, the board discussed tho need for 8 comprehensive govemance review and th8 dgvelopmenl of a work plan ILY the ne￿ 2-3 years. ulilizing Icrf)Is such as NCVO'S Goveman(% Wheel. LAH alms lo strengthen ils organizalional framework and enhance rts ability to lulfil its mission effectively. Trusl88s are committed to conllnuous improvement and will monilor thè implemenlalion of thest measur8S to ensu￿ su5tsined progr￿$. Future Plans Servlc• Expanslon: Plan lo expand adwce soNces and educatK*nal programs. Explorlng nèw Initiatives to Support the èlderly Lalw) Arne￿n communiiy. tha mental heamh and w8llthlng of our community as a whole. Dlg5tal Engog•m•nt: Conltnug to enhonce ow th06tal Fffesenag and gngagemenl Ihrough ￿d81 media and online servi￿. FundralsSng and Partnershlps: Strewen existing partnerships and explore now furKling opportunities to ensure th8 suslalnability of our proyams. LATIN AMERICAN HOUSE Company Limited by Guarantèe Trustoo8' Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 Trust•￿. rn$ponsibiliti•s stat•m•nt The Iruslees, who are also directors for the purposes of Company law, are responsible for preparing Ihe Irustees, reF4Nt and the financkql st81emènts in accordance with applicable law and United Klngdom Acwunling S&￿ards Iunited Kingdom Gen8rally Accepted A¢¢oLtnting P1aCti￿). Company law requlres tharrty tru*ees lo prep8re financyal statements for a8d) yoar whic* giva Inje and falr vlew of the ￿ale of affaifs of the ch8rtt8ble company and the Incomlng resources ond application of rgsourc05, induding the income and expenditura, lor thal por40d. In prwaring these financk?I statèments lh8 trustees are roquired to: select suitable accounting Oklos and then apply them cy)nlstently, observe the methods ond princlples In tho *p￿Icable Charllies SORP,. make ludgrnents ond ac¢ounling estinates that are reasonable and prudent.. preparo tho financ￿1 8tal8menl8 on ￿ wlng c(M￿rn bas18 unkn It Is Inapwopri818 to pr8sumo that the Ch￿ w￿1 vjntinue kb buslness. The trustees arè respon4ble for keeplTr3 adequate aCcOL￿tIng rocords that are sufflclenl lo show and xplaln the ch8rit¥s Iransactwms and dlsclose wilh reasonabl8 accuracy al any lime the ftnanclal posltlon of th8 charliy and enablè them to ensure that the financial stalgmenls comply with tho Companies kt 2006. They are also reSpon￿ble for safegu8rdlng the as￿1$ of the ch8rtty and h8ncg lor taking reasonable stgps for the prevention and detection of fraud and o¢N8r irrogularilies. Sm•ll ￿mpanY provlslon• Thls report ha5 been prepargd In a￿Ord9n¢0 wlth tho provlslon8 appllcabio to c¢Jmpanl8s enlllled lo thg small compani68 exemption. The Iwslees, annual report was appr￿8￿ on 18 Jar￿ry 2025 ofKI slgnod on behaw of the board of trustees by.. Inés Hemida and Enrfqu? Saenz CTrChaSrs. Latin Amertcan House LATIN AMERICAN HOUSE Company Llmltsd by Guardntee Independent Audltorfs Report to the Members of LATIN AMERICAN HOUSE Year ended 31 March 2024 Oplnlon We hav8 audited tho financial statemenls of LATIN AMERICAN HOUSE Ilhe 'charity) for the year ended 31 March 2024 whi¢h comprise the statement of financial 8Ctivities {induding incomo and expenditure accoLtntl, slalemenl of financial postion and the related notes. Including 8 summary of gnificant accounting polleies. Tho financial reporting framgwork that has beèn applied in Iheir preparation is applicable law and United Kirwom Accounling Standatds, Induding FRS 102 The FlnancAal Reporb'ng Stsndard opF4k8b￿ in the UK and Republic of Ireland {United Kirrfjdom G8rterally Accepted Ac￿Unting Practice). In our oplnlon the fin8ncAal stalements.. give a Irue and fair view of the state of the charivs affairs as at 31 M8rth 2024 and of Ils Incomlng resources and ap￿Ice￿.0n of resources including its irwmo and expenditure. for tho ar thèn ended: have been pfoporfy Frfepared in 8CCOTdarbCe with Unitod Klngdom Genorally kngplod Accounting Pra¢ake: have bgon prepared In ac¢cKdance with tho r8qulrfjn￿ts of Ihe Charllles Act 2011. B•sl$ for oplnlon We ¢onduded our audit in accordanc• wllh Int0malh)nal Stsnd8rds on Auditkng IUKI IISAS IUK}l and applicable law. Our responsibilities under those slandards are furthèr descrSbed In Ihe audllor'8 responsiblli11gs for the audll of the finanoal statements seclion ol our report. We are indopendgnl of the charlly In aCcord8r￿8 with the ethlcal requiierrnnts thal arn ￿lev8n1 lo our audrt ol the financlal slalements In tho UK, Including the FRC'S EthKal Standard. and we have fulfilled our other ethic41 Tesptsnsibilrties in accordance with the￿ requirtmon15. We b8lieve that tho oudil evidence we have ob18Ined Is Sufflcienl and appiopriato to provvJ• 8 b•si8 for opinion. Conclusk•ns r¢latlng to golng ￿ne•rn In auditing the finan¢i81 slalernenls, we have condudod th¥1 the trusteès, us8 of th8 golng ￿nCeM basis of accounllng In the preparation of the financial ststsmerrts is appropriate. 8ase(J on the work we hav* perfom*d, we h8ve not klentffied any matgri01 un¢ert8inties rolaling to events Of conditions Ihot. Indlvidually or collectively, may casl svJnificant doubt on the Charity's 8bilrty to continue as a going ¢on¢ern for a of al least Iwelv8 mrths from when the Ilnandal Statements are authorised for l$sug. Our resp)n8ibililio$ and the r•s￿nsIbIlItIeS of Iho truths with resp8ct to going cor￿eM are tJescrOb8d In tho relevant sections of this rewt. LATIN AMERICAN HOUSE Company Limited by Guarantee Independent Auditorfs Report to tho Members of LATIN AMERICAN HOUSE (¢onllnu8d) Yèar ènded 31 March 2024 Other information The other irrforMat￿n comprisos the Infmlion included in th8 annual rgport. other than the financial statements and our auditorfs report thweon. The truslees are responsibl¥ for the other information. Our opinion on the finanoal stalemenls does not cover the other inlormatK•n and. except lo tho extent 01￿￿1$8 explically stated in our rgporL we do not expr6ss any form of assurance rAJn¢lusion ther80n. In connèctlon with our audli of financlal statements. our responsibilty is to read the othèr infom)alion and, in doing so. constder whgthor the other informauon is materially inconslslenl with the financlal slalemenls or our knowl8dg8 obtained in tht audil OT oth8rwise appears to bg materially misstaled. If we Identify such material in￿nSistenc1es or apparent material misslalements, wa are required lo delemiine whether thère Is 8 material misst*emenl In the financial statements or a maleflal mlsstalgmenl of the other information. If, basfjd on the work we have perfomed, we conclude that thergls o malorial mlsstslement of this other inforrnoti￿. we aro requkad to rep)rt that fact. We have nolhlrwJ lo rep)rt In thls rngard. Matt•rn ¢)n whlch w• ar• r•qylr•d to r•port by •xc•ptk*n In the Nghl of the knowledgo and undgrstandlng ol th8 tharfty and Its gnvironmonl obtalned In th8 COUf86 of the audrt, wo have nol bdonllfie(I materlal ml8Statèmenls In Ihe truslgos. report. We have nothing lo report In respect of thg follfmlng matters In It￿￿oft lo whbch th8 Charltles Act 2011 requires us to report lo you rf. in our opinbn: the Informallon glven In the Irus¢eo$' repcvl Is Irwthtenl In any malèrlal re¥pgcI wrth tho flnancl81 ststements: or odequ81e accounlhio r￿)rdS have not been kept or the financial statements are not n agreemgnt with the acc¢unling mcords and relums.. or we have not Tèeolved all the knfonn8llon aThJ explan•tOon8 wo requke lor our 8LKIII. R•sponslbllltl•• of tru•tM• As explaSnod more fully in th8 trustees, reSpon￿bIlitIeS st8tomgnl, the trust•8s are responsible for th8 preparation of thg financlal st8lemenls 8ThJ lor being salisfied that they give a true and f8ir vlew. and foi such intemal ￿ntrOl ¥s the Irustets dete￿ine is necessary lo enable the pr&par81ion of financlal statements that are free from malenal n￿$s101ement, wtsther due to fraud or error. In preparing the financ￿1 stalemonts, the Irustees 8re responsible for assessing the thariiy's ability lo conllnue as a going Concern. disdo￿ng. as ap￿icable. matters ￿lated lo g)ing o)ncem and usin9 the going concem b8sis of accounting unless Ihe trusiees 961her Intend lo liquidate the th8rity or to ¢90s9 operallons, or have no realistic altemalNe bui to do so. 10 LATIN AMERICAN HOUSE Company Llmlted by Guarantea Independent Audltorfs Report to the Mèmbers of LATIN AMERICAN HOUSE Year ended 31 March 2024 Auditorfs r•$pon•ibilities for ih• audtt of th• financlal stat•m•nts Our obJ'e¢tNes are to obtain rgasonablg assurance abcMJt vthgther the flnanci815tat8mgnls as 8 whole are free from m8lerial misstatement. whether due lo fraud or orror. and lo issue an audllor's r8POrt that Includes Ouf opbnlon. Reasonab￿ assurance is a high level of assurance, bul is not a gLbaranlee that an audit Conducted in acc£*rdance wilh ISAS {UKI will aNvays delect a m81eri31 misstatemenl when 11 exists. Misstatements can arise from fraud or e￿Or and are considoretl material rf. indIv￿U311Y or In the aggregate, they Could reasonably b8 8XPeCted to inlluence the O￿noMIC declsions of users tsken on the basis of these fln8ndal ststements. Irregularilie5. induding fraud, are instsnces ol n￿-coMpl￿nee with laws and regulations. We dgslgn procedures In lin8 Wrth our resp0nslbllit￿5. oudined above. lo d81o¢a material rnisslatgmenls in respect of Irregulartties, includlng fraud. Based on oui underslandlng ol the Charity and rts activiti8s, we idenbfied that the princip￿ rlsk of norfompliance with law and regulations ietated lo th8 Charities Act 2011. the Chari118s Statements of Rocommeni18d Pra¢tico. UK tax legislation. pgnsk)ns legislation. employment fegulalion and he8tth and safety regulation. onli-tsib8ry, corruption and fraud, money launderlng and wo consldered the extonl lo which non-CoM￿lance MWI h8ve 8 material effgcl on the financial slatemenls. We also consldgrgd those laws and regulatlons th81 have a dlrect impact on tha pre8èntatbn of the Ilnandal statemont& ¥uch as Companies Acl 2(￿. We evaluated the Irusiees, arKI managements. Inc8nlives arKI opportunltles for fraudulgnl m8nipvlalion of the finanoal statements {including the rlsk of override ol controls) and d8lemined that thg prfnclple Tisk were r•laled lo manual ioumal antrles lo manipuLqte finandal performance, management blas thr￿gh judgements assumpt￿n$ is ￿gnificant a￿untsng eslimatos, In partlcular In relal*)n lo use of reslrfctgd funds. and significant ono off oi unu$u81 transactions. r 8udtt procedure We￿ desp￿ed lo response to th088 identified risk. kncludin9 non-compltanc• wllh law and regulations Ilrregul8rillesl 8fKI fraud tho1 rg mgleri8110 the financial stalemenls. Our aud51 procedure inc4uded bul were not limil•d lo: Discussing wth the Iwstees and management tholf poll￿08 and procedure reg8rdlng Compllance with law and regulotions., C(xnmunl¢aling identrfied laws and regulations througtrN)ut our èngagemonl loam and fem8lnSng alert lo any 1ndlcot￿ns of n￿￿C1)MplIanco throuuthout our audit ,' and Consldedng thè rlsk ol acts by the Charity whlch w8r* contrary lo applubb laws and regulalloris. IndudiNJ fraud. Our s￿111 pyocgdures In relallon lo fraud kndude(I but weffj not limited to: Maklng enqulrtes of the trustses and manogemenl on whether thgy had knowledge ol any actual, suspgct8d or alIe￿d fraud: Gaining an undeisian¢Jing of the inlomal ￿nIfor$ gStabllsh&J lo mlilgate rfsks to fraLH1: Discus￿n9 amon9$1 the eng8gement team tho rlsks of fraud,. and Addiessing the nsks of fraud throu¥1 managamgnt overfd8 of controls by pgrformlng loumal entry lests'ng. There are inherent Ilmll8lM)ns in tho audit wocedures described above and th8 pdmary ￿Spon￿bIlitY for the prevention and delectK)n of irregulanlies induding fraud rests wlh man8g8ment. As with any 8udll, there remained a risk of noTrdelection of wrggularibes, as these may involve colluston. forgery, intentional omissons, mlsrepresenlalions or the overri(le of inlemal controls. A fvrther dO￿T1p110n of our rosponsibilitw for Ihe aLKIIt of the fmancial statements 1$ bcaled on the Finond81 Reporting Counal's webgAte at www.frc.org.ukjaudilorsresponsrbilities. This dewpllon 11 LATIN AMERICAN HOUSE Company Limited by Guarantee Indèpendent Auditorfs Roport to the Members of LATIN AMERICAN HOUSE Year ended 31 March 2024 forrn$ part of our auditorfs reF¥yI. Us• ol our r•port Thls report Is made solely to the ch8rWs members. 88 a t￿y, in accordance wlth seciion 14S of th8 Charities A¢1 2011 and regulations made und8r $8clk)n 154 of that Act. Our audll work has been undert8ken so that we M￿h1 state to the charit￿S membgrs those matters we are requlred lo stale to them In an 8udilorfs report and for no other purpose. To the ￿1￿51 extent permitted bylaw, we do not acc8pl or assuwne responsibility lo any)ne other than the charrty and the dbaritls members as a body. for our 8udS1 work. for thi8 rept)rt. or for the opinions we hav• form8d. eemi Chartered 8ccount8nls & statLrt¢)ry auditor 792 Wldiham Road Croydon CRO 8EA Dale.. lolts, l Lois Sal96tn)l Assc¢iates is efvgli￿ fav 8pwnlm&nl as audit￿ ollhe charity by witue of ils elglblllty for 8ppolntn￿nI as audrtiy ofa company undor sectth 1212 oflho CrynpaNos Act 20 12 LATIN AMERICAN HOUSE Company Llmited by Guarantee Statement of Financial Actlvltios (includlng Income and expenditure account) Year ended 31 March 2024 2024 Unreslrlt#ed RestrKted fvrKIs fvnds Totsl funds Tot81 funds 2023 In¢om• and endowm•nts Don81ions and18gaoes Ch8rMable activities Oih$r trading activities Investment incom8 7.139 1&3,766 7,139 442.836 33.9CQ 8,200 405,746 31,928 1.589 J9.070 1.940 Total Incom• 176.745 309.070 485.815 447,463 Ex￿ndItur• ExpendSt(tre on charilabk activities Total •xp•ndltur• 9.10 171.488 309.070 486.559 481.351 177.488 309.070 486,559 481,351 N•t •xp•ndltur• and not mov•m•nl In fvnd• 1744) (744) 133,888} R•con¢lll•tlon of fund• Total funds brought lo￿aT(l Total funth c*rrl•d fonvwd 2.826.415 2.826.415 2,860,304 2.825.672 2.825,672 2.826.415 Th6 St8temont of finandal xtlvilies i￿ludeS all gains and bsses recognlsed In the ygar. All income and experKliture dgrfve from conts'nuing aclivilies. Th• not•• on p•go• 16to 25 fom) part ol th9•9 fin•nclal stat•m•nt5. 13 LATIN AMERICAN HOUSE Company Limited by Guaranteo ststement of Financlal Position 31 March 2024 2024 2023 Fixed ass•ts Tangible fix8d assets 15 2,706,S)o 2.708.069 Currenl ass•t$ Debtors Cash al bank and In hand 16 41,917 180,952 204,489 237.079 222,869 Cr•dltorn: omounts lalllng wllhln on• y•ar N•t ¢uYr•nt ••••ts 17 117.￿8 104,522 118,347 2.826,416 119.171 Total ass•ts l•$$ curr•nl Ilablll¢l•• 2.825,671 Not ass•t• 2.82S,871 2.826.416 Funds of lh• charlty Unrestrfcted funds." Rovaluation reserve Ge￿ra1 funds D8slgnal•tJ luTr Wind up reseTh Worklng capital reseNe Property cost 2.5￿,000 7,172 2.500.000 50.317 81,000 51,000 206.500 69.598 208.5 Total unr•$lrkttd funds 2,825,672 2.825.672 2,828,41 S 2,828,415 Total ¢h*lty fvnds For the year 8ndlrvJ 31 March 2024 the thwlty w85 enthlad lo exemptK>n oud6t under 88ctlon 477 ol the Companlas Act 2006 relallng to small companie$. Directors, resp￿$11￿11￿?% The mgmbers have not r•qulred thg company to obtain an audll of it¥ financlal statements for thg year in qu8sti¢)n in occord8nc• with secti(￿ 476: Tho directors 8cknowledge their respongbllrt￿S for Mmplying with the rgqulrements of the Act with respect lo accounting records and Iho preparation of financial statemonts. These financial stsl8ments have been prepared In arx(Kdance with the pmvlslons awlcable to companies subject lo the small ¢c#))panies' regime. The statement of financial position continues on the following page. no¢9• on paw 16 to 25 fonn PArt of fI￿n¢1￿ st•t•mont& 14 LATIN AMERICAN HOUSE Company Limited by Guarantee Slatement of Flnanclal Position (¢04 31 March 2024 These financial stalemonts were approved by the board of tru#ees and authorised for issug on 16 January 2025. and arg 99ned on behaff of the board by.. Inés Hormida and Enrique Saenz crthairs. LatSn AmerlrAn Housè T1￿ notM on pag•s 16to 25 fomi pjrt ot tho•• Ilnandal stat•¥n•nt 15 LATIN AMERICAN HOUSE Company Llmlled by Guarantee Notos to tho Financial Statements Yoar ended 31 March 2024 G¢n•ral Infomiatlon The charity Is a public b8nefit ontity and a priv81e ￿rnpanY limited by gu8ranlee. registered In England and Wales and a registered ¢harily in EThJland and Wales. address of the reglsiered office is Latln American House. 10 Kingsgale Place, Kllbum, London. NW6 4TA. St•t•m•nt of compllan These finarKbal slatements have been prgpargd kn compllarKo with FRS 102. Thè Flnanclal Reporting Standard applicable in th8 UK and the Republic of IreLand'. the Stslemenl of Recommended Practlce Op￿Icable lo ¢hariti8s preparing theor accounts in accordan¢8 with the Flnancial Reporting Stsndard applICab￿ in the UK and R8publlc of Ireland IFRS 1021 ICharf(i89 SORP IFRS 10211 and the Companw Act 2C(J6. A¢¢ountlng poll¢l•• Bash of pr•parntlon The finondal st81emenls have boon kvepared on th6 hIstOr￿al cost b8￿$, as modffied by the revalualion ol certain financAal assets and liabilltlos 8rKJ invostmonl prr)pertle8 measurèd 01 falr value through income or expenditure. Th• financi81 sl¥temonts are ptspared in s¢erlln9. whk*18 the functbnal cuffency of the entity. Golng ￿n¢•rn There 8Tr no materfal uncertakntl88 about th6 charws ablllty to c•n11n￿. Fund ae¢ountlng Unrostrlc¢eil funds are 8vallabl8 for LW• at the dbscret*)n of trust•e8 to further any of tho chanirfs Pufposes. Dosignaled fvnds oro unrestricted funds by fv trustees for partlwlar fvlure project or Commitment. Restricted funds arg $ubJecled lo restricth￿ ¢)n thelr oxpendllure dedared by donor or through the terns of an appe81, and fall Into on8 of t￿￿da$Se$. restricted ￿n￿me fund8 or gndowmenl fund& 16 LATIN AMERICAN HOUSE Company Limited by Guarantee Notes to the Financial Statements (C￿ Year ended 31 March 2024 Accounting policim Incoming r•soure•s AJI incomin9 r&sour¢os are induded in the statement of finandal acu¥￿85 when entitlement has P8ssed lo the charty; rt is probable that the ecor￿mi¢ ben8frts associated with the Iransaclion w611 Ilow to the charity and th& amount Can ￿ reliably measured. The following specific policies are appll8d lo particJJlar Cal￿8$ of Inc¢)m8: Income from th)natlons or grants is recognised vthen Ihwe is evldenee of enlitS8ment to tho glft. ieceipt 1$ probable and #s amount can be measurfjd reliably. le98￿ Income is reeogni5ed WI￿1 roc•ipl Is and entiUem8nt Is establlshgd. Income from donated oood$ Is measurad 81 the falr value of lh& 9oods unless Ihls 18 impfactical lo measurt reliably, in which case th8 value Is derivèd from the ¢x*st to thg donor or the gstimaled resal8 value. Donated lacilitigs ond servii*s ère recognis8d in tho accounts when recelved if lttt value can bg rellably me8sured. No amounts aro kncluded for the contribution of ggngral volunla&rs. Incomo from ¢onlrerts the wpply of sèNices L8 rewnlsed wrth the delivery ol the contractod servlce. Thls Is dassffled as unrestridgd fvnds unless there Is a contractual requirement for rt lo b& spenl on o Pa￿￿181 wrw)se and retumed If Lmsponl. In whlch casè It may be regarded as restricted. R•sour¢M •xp•nd•d Eynditure Is re¢ognlsed cm an a¢¢ruals basis os 8 Uabllrty Is Incurred. E￿r￿ltUre Indudos 8ny VAT which cannot be fuNy recovered, and is ￿8￿fi¥T011 Company 11.917 30,000 32.590 41,917 17. Cr•dltorn: amoun1• l•lllng du• wlthln on• y••r 2024 2023 Trade ¢redrtors Accrnals and deferred Income Other ¢reditor5 38.879 74.168 4.861 39,352 59,864 117.908 104,522 18. D•f•rr•d Incom• 2024 2023 mount d￿8￿ed in year 73.716 53,798 19. Pen••on¥ and oth•r posl r•tlr•m•nt b•n•ffts D¢fin•d contrlbutlon plans The amount recognised In income or expendMure as an expense In rg18tlon to defined c£Jnlribution plans was £16,168 {2023= £16.076}. LATIN AMERICAN HOUSE Company Limited by Guarantee Notès to the Financlal Statements Year ènded 31 March 2024 20. Analysis of charitabl• lund• Unr•strict•d fund¥ At 31 March 20 At 1 Aprfl 2023 Incomè Expandit￿8 Transfe General lunds Revaluation reserve Design8lèd Fund Wind up reserye Working capital reserve Property l￿d 9),317 2.500.000 176,745 {177.488) (42.4021 7,172 2.500,000 18.5981 61,000 51,000 51,000 208.500 206.500 2.826.415 176,745 {17T.468) 2.825,672 At 31 March 20 23 1 2022 Income Expendture Translers Gangral funds R8voluallon reserve Deslgnatod FL*nd Wlnd up reserve Covld recovery fund Prowrty lund 70.339 2,$00,(M)O 163.302 {1W2.780) 9,462 50.317 2.500.( 8.912 69,S98 18.374 200.500 (18.3741 206,500 2,855.899 183,302 {1V2.786) 2,826,415 Rtvalualion resorve of £2,5W.000 8nd £206,500 out of dosynatsd fvnds are unrestrictod funds but not av8{lab￿ to use 0$ those fLM)ds are Iled LP In cost and Tèvalualion of thg bulldlng. R•strlcted funds 31 Mar¢h 20 1 2023 Incomg Expenditurn Transfers Rostrlcled Fund 309.070 (309,070) At 31 March 20 23 1 Awl 2022 Incc*ne Expendrture Transfers Restricted Fund 4.405 284.160 {288,565} LATIN AMERICAN HOUSE Company Limitod by Guarantee Notes to the Detailed Statement of Financial Activiti05 Yoar ended 31 March 2024 21. Anal￿18 of aisets b•twwn funth Unrestricted Totsl Fund$ Funds 2024 Tangible fixe*ar N•t aBs•ts 2,708,069 2.708.069 222,869 222,869 1104,S221 (104,5221 2,826.416 2.826.416 25