**Charity number: 1163394**
## **THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 - 15|
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
## **Trustees**
Juan Morlan Ian Mcleish John Castro Murillo
## **Charity registered number**
1163394
## **Contact address**
Unit 9 Silicon Centre Wadsworth Road Perivale Middlesex UB6 7JD
## **Accountants**
Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 1
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2022 to 31 March 2023. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019).
## **Objectives and activities**
## **a. Policies and objectives**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
## **b. Activities undertaken to achieve objectives**
Various activities are undertaken to meet the overall objective of the charity, to advance the protestant and evangelical tenants of the Christian faith, including promoting the gospel through worshipping in community, and making donations to assist missionaries, the poor and homeless through its Social Fund.
## **Achievements and performance**
## **a. Main achievements of the Charity**
The results for the period are shown in the statement of financial activities.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The trustees recognise the need to have a reserves policy and seek to maintain funds at a level to ensure that the charity can continue even if there is a severe downturn in income or major unforeseen revenue expenditure. In practice the minimum reserves to be held in the general fund should equate to 3 months of general fund expenditure and this is the case at the balance sheet date. At 31 March 2023 the general fund had a balance of £10,685 (2022 - £24,036) thus meeting this criteria. In addition approximately £38,208 of designated (but still unrestricted) funds were held in net current assets at 31 March 2023.
## **Structure, governance and management**
## **a. Constitution**
The charity was established and registered as a Charitable Incorporated Organisation on 3 September 2015 to preach the Word of God in the Spanish language, and to advance the Protestant and evangelical tenants of the Christian faith. It inherited the entire activities of its predecessor charity of the same name which was constituted as a charitable trust and had a registered number of 280694. The transfer to the CIO of all activities, assets and liabilities from the unincorporated charity took effect on 1 April 2016.
Page 2
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Structure, governance and management (continued)**
## **b. Methods of appointment or election of Trustees**
New trustees are appointed from time to time by the existing trustees. Recruitment of new trustees focuses on individuals with a long standing knowledge of the charity who have been personally known to the existing trustees for a period of at least one year prior to their appointment.
## **c. Organisational structure and decision-making policies**
The trustees meet formally on a quarterly basis to discuss the affairs of the charity, review financial information and to plan the forthcoming months.
## **d. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Statement of Trustees' responsibilities**
The Trustees 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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **Juan Morlan**
Date: 24 October 2023
Page 3
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **Independent Examiner's Report to the Trustees of The Congregacion De Evangelicos De Habla Espanola ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023.
## **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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 24 October 2023 Richard Hill FCA
**Griffin Stone Moscrop & Co** Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS
Page 4
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Refund of property rates paid in previous years
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**35,684**
**860**
**36,544**
**-**
**15,875**
**15,875**
**20,669**
**757,877**
**20,669**
**778,546**|**Total**
**funds**
**2023**
**£**
**35,684**
**860**
**36,544**
**-**
**15,875**
**15,875**
**20,669**
**757,877**
**20,669**
**778,546**|_Total_
_funds_
_2022_
_£_
_30,155_
_44_
_30,199_
_(25,324)_
_16,409_
_(8,915)_
_39,114_
_718,763_
_39,114_
_757,877_|
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 15 form part of these financial statements.
Page 5
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**3,551**
**47,192**
**50,743**
**(1,850)**|**2023**
**£**
**729,653**
**729,653**
**48,893**
**778,546**
**778,546**
**778,546**
**-**
**778,546**
**778,546**|_3,565_
_165,368_
_168,933_
_(1,765)_|_2022_
_£_
_590,709_|
|---|---|---|---|---|
|||||_590,709_
_167,168_|
|||||_757,877_|
|||||_757,877_|
||||||
|||||_757,877_|
|||||_-_
_757,877_|
||||||
|||||_757,877_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Juan Morlan**
## Date: 24 October 2023
The notes on pages 7 to 15 form part of these financial statements.
Page 6
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Congregacion De Evangelicos De Habla Espanola meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 7
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. Accounting policies (continued)**
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Freehold property depreciation to be charged on a straight line basis over 50 years once the asset is in use Church Assets - 10 years straight line
## **1.5 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.6 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.8 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 8
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. Accounting policies (continued)**
## **1.9 Fund accounting**
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 and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **2. General information**
The Charity is registered in England with a charity number of 1163394.
## **3. Income from donations and legacie**
|**Unrestricted**
**funds**
**2023**
**£**
Donations
35,684
_Total 2022_
_30,155_|**Total**
**funds**
**2023**
**£**
**35,684**
_30,155_|_Total_
_funds_
_2022_
_£_
_30,155_|
|---|---|---|
||||
## **4. Investment income**
|**Unrestricted**
**funds**
**2023**
**£**
Bank Interest
860
_Total 2022_
_44_|**Total**
**funds**
**2023**
**£**
**860**
_44_|_Total_
_funds_
_2022_
_£_
_44_|
|---|---|---|
||||
Page 9
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2023**
**£**
Total expenditure on charitable activities
15,875
_Total 2022_
_16,409_|**Total**
**funds**
**2023**
**£**
**15,875**
_16,409_|_Total_
_funds_
_2022_
_£_
_16,409_|
|---|---|---|
||||
## **Summary by expenditure type**
|**Depreciation**
**2023**
**£**
Total expenditure on charitable activities
264
_Total 2022_
_264_|**Other costs**
**2023**
**£**
15,611
_16,145_|**Total**
**funds**
**2023**
**£**
**15,875**
_16,409_|_Total_
_funds_
_2022_
_£_
_16,409_|
|---|---|---|---|
|||||
## **6. Analysis of expenditure by activities**
|Total expenditure on charitable activities
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
12,811
_13,716_|**Support**
**costs**
**2023**
**£**
3,064
_2,693_|**Total**
**funds**
**2023**
**£**
**15,875**
_16,409_|_Total_
_funds_
_2022_
_£_
_16,409_|
|---|---|---|---|---|
||||||
Page 10
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Hire costs
Donations
Book costs
Other direct charitable expenses
Meals and canteen
**Total 2023**
_Total 2022_
**Analysis of support costs**
Depreciation
Management and administration
Bank charges
Postage, printing and stationary
Insurance
Preparation and examination of financial statements
_Total 2022_|**Activities**
**2023**
**£**
5,565
4,739
-
1,970
537
12,811
_13,716_
**Activities**
**2023**
**£**
264
277
240
327
131
1,825
3,064
_2,693_|**Total**
**funds**
**2023**
**£**
**5,565**
**4,739**
**-**
**1,970**
**537**
**12,811**
_13,716_
**Total**
**funds**
**2023**
**£**
**264**
**277**
**240**
**327**
**131**
**1,825**
**3,064**
_2,693_|_Total_
_funds_
_2022_
_£_
_5,400_
_6,650_
_350_
_1,041_
_275_|
|---|---|---|---|
||||_13,716_|
||||_Total_
_funds_
_2022_
_£_
_264_
_217_
_12_
_323_
_112_
_1,765_|
||||_2,693_|
|||||
Page 11
**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Freehold**
**property**
**£**
**589,372**
**139,208**
**728,580**
**-**
**-**
**-**
**728,580**
_589,372_|**Office**
**equipment**
**£**
**2,640**
**-**
**2,640**
**1,303**
**264**
**1,567**
**1,073**
_1,337_|**Total**
**£**
**592,012**
**139,208**|
|---|---|---|---|
||||**731,220**|
||||**1,303**
**264**|
||||**1,567**|
||||**729,653**|
||||_590,709_|
## **8. Debtors**
|**Due within one year**
Other debtors|**2023**
**£**
**3,551**
**3,551**|_2022_
_£_
_3,565_
_3,565_|
|---|---|---|
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**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **9. Creditors: Amounts falling due within one year**
|Other creditors
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2023**
**£**
**1,850**
**2023**
**£**
**47,192**|_2022_
_£_
_1,765_|
|---|---|---|
|||_2022_
_£_
_165,368_|
## **10. Financial instruments**
Financial assets measured at fair value through income and expenditure is comprised of cash in bank and in hand.
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**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **11. Statement of funds**
## **Statement of funds - current year**
|||||||**Balance at**|
|---|---|---|---|---|---|---|
||**Balance at 1**||||**Transfers**|**31 March**|
||**April 2021**|**Income**|**Expenditure**||**in/out**|**2023**|
||**£**|**£**||**£**|**£**|**£**|
|**Unrestricted funds**|||||||
|**Designated funds**|||||||
|Social fund|**2,442**|**-**|**(4,739)**||**5,820**|**3,523**|
|Women's Fellowship|**327**|**-**|**-**||**-**|**327**|
|Men's Fellowship|**122**|**-**|**-**||**-**|**122**|
|Ushers|**1,047**|**-**|**-**||**-**|**1,047**|
|Cash designated for building|||||||
|work|**140,531**|**3,033**|**-**||**(110,375)**|**33,189**|
|Book value of building at|||||||
|Perivale|**589,372**|**-**|**-**||**139,208**|**728,580**|
||**733,841**|**3,033**|**(4,739)**||**34,653**|**766,788**|
|**General funds**|||||||
|General fund|**24,036**|**33,511**|**(11,136)**||**(34,653)**|**11,758**|
|**Total Unrestricted funds**|**757,877**|**36,544**|**(15,875)**||**-**|**778,546**|
|**Summary of funds**|||||||
|**Summary of funds - current**|**year**||||||
|||||||**Balance at**|
||**Balance at 1**||||**Transfers**|**31 March**|
||**April 2021**|**Income**|**Expenditure**||**in/out**|**2023**|
||**£**|**£**||**£**|**£**|**£**|
|Designated funds|**733,841**|**3,033**|**(4,739)**||**34,653**|**766,788**|
|General funds|**24,036**|**33,511**|**(11,136)**||**(34,653)**|**11,758**|
||**757,877**|**36,544**|**(15,875)**||**-**|**778,546**|
||||||||
## **12. Summary of funds**
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**THE CONGREGACION DE EVANGELICOS DE HABLA ESPANOLA**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **13. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
729,653
Current assets
50,743
Creditors due within one year
(1,850)
**Total**
778,546|**Total**
**funds**
**2023**
**£**
**729,653**
**50,743**
**(1,850)**
**778,546**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_590,709_
_168,933_
_(1,765)_
_757,877_|_Total_
_funds_
_2022_
_£_
_590,709_
_168,933_
_(1,765)_
_757,877_|
|---|---|---|
## **14. Related party transactions**
The trustees of the charity, as a body, are considered the key management personnel of the charity.
Total donations received from the trustees in the period under review amounted to £4,080 (2022 - £3,400).
Page 15