Iglesia Evangelica Interlondres
Report and Accounts Year ended 31 March 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
IGLESIA EVANGELICA INTERLONDRES
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
ADDRESS FOR CORRESPONDENCE 42 The Sidings Apartments Pier Road LONDON E16 2FH GOVERNING DOCUMENT CIO - Foundation registered 27 May 2014 CHARITY REGISTRATION NUMBER 1157200 TRUSTEES RESPONSIBLE FOR Patrick Joseph Appleton MANAGING THE CHARITY Arleen Juliett Jacome Arevalo Alexandra Arango Restrepo Brad Anthony Espinoza Ortiz (from 1 May 2024) BANKERS HSBC Bank 118 High Street North, London E6 2HX INDEPENDENT EXAMINER Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX Page 1 Legal & Administrative Details Pages 2-5 Trustees' Report Page 6 Independent Examiner's Report Page 7 Receipts and Payments Account Page 8 Statement of Assets & Liabilities Pages 9-10 Notes to the Accounts
Page 1
IGLESIA EVANGELICA INTERLONDRES
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2024
Objects of the charity
Objectives during the past year remained to enhance activities of the CIO, for the benefit of our community, through the Christian faith among the Latin American congregation in London and broader community in accordance with the articles of beliefs as set out in our website, to glorify God through messages of an evangelistic and teaching nature, encouraging bible studies and the provision of teaching scripts; holding prayer meetings, developing fellowship, pastoral care and visits to those at home, in hospital, together with guidance counselling for all in need, and to spread our testimony in fulfilling all of our life activities.
We extended help to those in need of assistance with translation from their native language into English and vice versa; facilitating friendship for those who are already living here as well as for those who are new to the UK and generally promoting core Christian values with the aim of providing an ethical and moral framework to enhance and develop their faith leading to a positive contribution and engagement in society.
We continued the activities which involved support to overseas missionaries giving not only moral but practical support in the furtherance of their studies, including opportunities to visit us and develop our joint beliefs.
The church has a formal membership, consisting of those who are professing Christians and who are in agreement with our Statement of Faith. The members elect Elders, who lead the church and exercise spiritual authority, and Deacons and Trustees who serve the membership in the church’s mission. Efforts should be made to seek and appoint further Trustees to develop the mission of the church and funding opportunities.
The church fulfils its mission through a range of activities, including Sunday worship and teaching services (including groups for children) Mid-week Bible study and prayer meetings, personal mentoring, prayer partnerships, and a range of other activities, some of which are social or outreach events. To support this, we have implemented policies, procedures code of conduct and systems that support the positive culture that we seek to create by ensuring that those responsible for leading our activities in the church are competent and that our procedures and monitoring arrangements are effective.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
The church developed its activities during the year which resulted in substantial growth in membership numbers, an example of this is the participation of members in different ministries groups and activities.
Page 2
Summary of the charity's main activities and achievements (continued)
In May 2023 the “Conference Crece”, presented by Pastor Sugel Michelen from Dominican Republic and attended by UK and overseas brethren, was very successful and contributed to the growth of the congregation and community involvement, the cost of the event was funded from Interlondres financial resources. The aim of our Church is to continue with this successful event in coming years.
A highlight in the event was the ordination of Jimy Potes as a Pastor of the Church, in recognition of his ongoing and outstanding support.
Our mission as a family in Christ is to make visible the image of God on earth; to share our belief in Jesus Christ and to encourage each other to belong to the family of Christ; to become a disciple of Jesus Christ and to build His Kingdom.
As a missionary Church, we pursue the preaching of the gospel from where we are to the ends of the earth by the power of the Holy Spirit, by advancing and promoting core Christian values with the aim of providing a strong ethical and moral framework for the benefit and enhancement of all sections of society. In achieving the work of the church, we have undertaken training courses to equip members of the congregation to further their beliefs as disciples of God and to go forward in the mission to glorify Him.
Our Church Theological Studies continued to be led by Pastor Dr. Oscar Jimenez and International study, until October, were led by Tim Ganger lecturer in Theology from The World Hope Ministries International. We have continued running bible studies and the preaching of the gospel during Sunday Service in Stratford and Stockwell in Spanish with translation into English when needed. Pastor Dr. Oscar Jimenez continues with his missionary work in the UK and overseas locations.
The church was informed that the ownership of the congregation site in Stratford has changed, and this will result in the church seeking alternative accommodation. The Stockwell site remains unchanged and can accommodate growth in numbers.
The ongoing success in our activities have been achieved with the dedicated support of the Trustees, Elders and leaders in running and providing the appropriate teaching materials and training to different ministries like Inter-Kids for children between the ages of 3 and 14 years- old; married couples; development of the groups of women and men to embrace the whole of the congregation, we continued with Church-at-Home study groups, group worshiping, media, and logistics ministries. Within these we have encouraged the understanding and fluency of the Spanish and the English language gospel.
The contribution of a grant to support two ministers was beneficial for the church finances. The grant support for Renier Pantoja as a minister will continue to the term of his grant (August 2024).
The need for further fundraising continues, this will give more flexibility in meeting operational, and equipment cost and to expand the gospel through missionary work.
In planning the activities, the trustees continued to apply the guidance on public benefit issued by the Charity Commission. With advice from Safeguarding Services, the policy has been reviewed and updated where necessary.
Page 3
Summary of the charity's main activities and achievements (continued)
The training programme for “Faith and Life project” is closing a cycle after two and a half years, nine people have been engaged for next cycle. We aim that servant-leaders and ministry trainees will emerge from this programme, and to make it available for Hispanic pastors in diaspora. We have raised £28,000, the total projected budget is circa £200,000
Financial review
During the year income increased by £67,682, to £133,628, and expenditure increased by £48,541, to £118,055. As a result the cash held by the charity increased by £15,574, to £22,111, of which £14,170 is unrestricted and can be used for any charitable purpose.
Gift Aid is an important contribution to church income, and this has a financial increase in a year of 34%. In the coming year our aim is to encourage all members of the congregation who are in the position to sign a Gift Aid declaration for donations made, that will be of considerable benefit to the church.
Stewardship Services were appointed to continue to undertake the independent accounts examination. During the year we continued with our use of the accounting system Xero which is proved to be suitable in meeting our needs.
Reserves policy
The Board of Trustees have established a policy whereby free reserves held by the charity should be maintained at not less than £3,000. When possible, it will be beneficial to increase this sum, the Trustees will therefore continue to review the amount held going forward.
The Trustees are continuing to monitor income and expenditure closely and, if it becomes necessary, will take measures to mitigate any financial impact. The charity has not had to make any redundancies.
Governance
The policy and operating decisions of the charity rest with the Trustees who monitor the performance and management of the charity and meet when required. The existing Trustees aim of the church is to continue with the efforts to develop the size and involvement of the congregation with the leadership of the Pastors and Elders to spread the word of the Lord.
Page 4
Risk statement
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Patrick Appleton
Patrick Appleton (Aug 15, 2024 15:11 GMT+1)
PATRICK APPLETON
Date:_____Aug 15, 2024
Page 5
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
IGLESIA EVANGELICA INTERLONDRES
I report to the trustees on my examination of the accounts of Iglesia Evangelica InterLondres ('the charity') for the year ended 31 March 2024 on pages 7 to 10 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lisa Darby
Lisa Darby (Aug 21, 2024 09:09 GMT+1)
Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Aug 21, 2024
Page 6
IGLESIA EVANGELICA INTERLONDRES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Notes Income receipts Donations Gift aid receipts Grants Interest Other Total receipts Payments 2 3 Total payments Transfers between funds 5 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before Grants paid in relation to charitable activities undertaken by others Payments in relation to charitable activities undertaken directly |
General Designated Funds Funds £ £ 61,176 - 6,469 - - - 669 - 475 - 68,789 - 54,889 - 3,456 - 58,345 - 10,444 - - - 10,444 - 3,726 - 14,170 - Unrestricted Funds |
Restricted Funds £ 4,664 - 58,832 - 1,344 64,840 41,291 18,419 59,710 5,130 - 5,130 2,811 7,941 |
2024 £ 65,841 6,469 58,832 669 1,818 133,628 96,180 21,875 118,055 15,574 - 15,574 6,537 22,111 |
2023 £ |
|
|---|---|---|---|---|---|
| General Funds £ 61,176 6,469 - 669 475 68,789 54,889 3,456 58,345 10,444 - 10,444 3,726 14,170 |
|||||
| 54,530 7,170 3,000 - 1,248 |
|||||
| 65,947 |
|||||
| 67,003 2,511 |
|||||
| 69,514 | |||||
| -3,567 - |
|||||
| -3,567 10,104 |
|||||
| 6,537 |
The notes on pages 9 - 10 form part of these accounts.
Page 7
IGLESIA EVANGELICA INTERLONDRES
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 MARCH 2024
| Notes A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity GASDS due to charity Other debtors C Liabilities Taxes due Fee for Independent Examination Accrued expenses Total D Assets retained for charity's own use |
General Designated funds funds £ £ 14,170 - 14,170 - 6,677 - 2,000 - - - 8,677 - 802 - Unrestricted Funds |
General Designated funds funds £ £ 14,170 - 14,170 - 6,677 - 2,000 - - - 8,677 - 802 - Unrestricted Funds |
Restricted funds £ 7,941 7,941 - - - - - |
2024 £ 22,111 22,111 6,677 2,000 - 8,677 802 1,380 3,234 5,415 |
2023 £ |
|---|---|---|---|---|---|
| 6,538 | |||||
| 6,538 | |||||
| 4,469 2,000 1,017 |
|||||
| 7,486 | |||||
| 820 1,080 800 |
|||||
| 1,380 | - |
- |
|||
| 3,234 5,415 |
- - |
- - |
|||
| 2,700 | |||||
| Fund to which asset belongs Music and PA equipment General |
Current value £ 3,937 |
|---|---|
| 3,937 |
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
Patrick Appleton (Aug 15, 2024 15:11 GMT+1)Patrick Appleton
_____PATRICK APPLETON
Aug 15, 2024 Date:_____
The notes on pages 9 - 10 form part of these accounts.
Page 8
IGLESIA EVANGELICA INTERLONDRES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly Employment costs (see note 4) Rent Ministry expenses Equipment Transport Insurance Church events Accountancy Sundry expenses 3 Grants paid in relation to charitable activities undertaken by others Grants for: Mission support Hardship |
Unrestrict | Designated funds £ - - - - - - - - - - - - - ed Funds |
Restricted Funds £ 28,250 - 11,172 - - - 1,870 - - 41,291 17,199 1,220 18,419 |
Total 2024 £ 41,619 22,200 22,040 2,882 137 346 4,320 1,572 1,063 96,180 19,475 2,400 21,875 |
Total 2023 £ |
|
|---|---|---|---|---|---|---|
| General funds £ 13,369 22,200 10,869 2,882 137 346 2,451 1,572 1,063 54,889 2,276 1,180 3,456 |
||||||
| 25,028 24,200 9,327 1,211 1,380 363 2,917 1,487 1,090 |
||||||
| 67,003 | ||||||
| 1,751 760 |
||||||
| 2,511 |
4 Transactions with related parties
The charity has 3 part-time employees during the period to whom the employment costs above relate to.
Other than direct reimbursements of expenses made on behalf of the charity, no amounts were paid or are payable to any trustee or to any person connected to them.
Page 9
IGLESIA EVANGELICA INTERLONDRES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
5 Movement of funds
| vement of funds | |||||
|---|---|---|---|---|---|
| Unrestricted funds General Fund Restricted funds Missions fund Manos de Dios fund Staff Education fund Pastor's Ministry fund Canasta del Amor fund Crecer Event fund Mateo 6 fund Fey y Vida fund Jimmy Potes fund Renier Pantoja fund Total funds |
Opening balance £ 3,726 3,726 709 125 1,213 674 90 - - - - - 2,811 6,537 |
Receipts £ 68,789 68,789 - 1,020 1,000 9,100 354 1,594 40 3,000 20,928 27,804 64,840 133,628 |
Payments £ (58,345) (58,345) (709) (1,090) (2,213) (9,774) (130) (1,594) - (3,000) (19,850) (21,351) (59,710) (118,055) |
Transfers £ - - - - - - - - - - - - - - |
Closing balance £ 14,170 |
| 14,170 | |||||
| - 55 - - 314 - 40 - 1,078 6,453 |
|||||
| 7,941 | |||||
| 22,111 |
Page 10