Latln Amerfca for Chrlst Iprevlously called Cuba para Crfstol- Trustee's Annual Report For the period ending 31 March 2024 Reference and Administration Detsils Address.. I Curates Walk. Wilmington DA2 7BJ Trustees: Carl Chambers (appointed 28 January 20161 Richard John Barnardo Wallace lappointed 29 November 20231 Vanessa Jones lappointed 28 January 20161 Heather Shuk Ping Lim lappointed 31 October 20221 Rev Daniel Justin Paton Kirk lappointed 31 October 20221 Charity Registration number.. 1165339 Strurture Govemor and Management Lan America for Christ (previously called Cuba para Cristol was re81sted as a charity on 28 january 2016, having previously been run as a branch of Latin Link, a charity with similar aims. The charity is run by the trustees who meet on a regular basis to diKuss the work of the ch8rity in supportin8 Its work in Cuba. Oblectlves and Act5v5tles Our aim is to serve the Church in Latin America. with a focus on Cuba. particularly in word ministry, without forgethng the wider needs of the church. We continue to be a small network of people in the UK. serving as volunteers in our spare tr'me. seeking to use the relationships we have developed with Cuban chri5tr.ans and others to promote these ends. As well as supporting the local church we work in three main areas: Biblical training during the period have been workin8 Wlth Tyndale House in Cambridge to run a languages programme (Greek and Hebrew) for Cubans and a150 wider training of Cuban pastors by equippin8 them to teach MA modules in the seminaries in Cuba. SuppOrn8 MOCLAM Imoore College Extension courses in Larin Americal in Cuba The printing of materials in Cuba and provision of Christian biblical and theological resources We continue to pray that the Lord may open the door for us to support initiatives relating to the sending of medical items. Achievement5 and Performan As detailed in the last Annual Report, we found that not having a bank account wa5 a major i55ue, though not Ithankfullyl constraint on our ministry. As part of the due diligence proce55, we took the decision to change our name to Latin America for Christ. We continue to have a focu5 on Cuba, but recognise that much of what we do has a wider impart. Already we collaborate with people in several other countries, either by facilitating their input for the Cuban church or, perhaps even MO encouragingly, thmuÉh Cubans ministering
elsewhere. A particular pint will be the teaching if Hebrew in Panama by a Cuban who has learnt through our partnership with Tyndale House. in Cambridge. Contact with Christians across the island continued. both formally and informally. Two trustees and the new regional director of MOCLAM for Cuba undertook a two week. 3.OOOkm. trip, visiting various places where MOCLAM has flourished. With the change in the model of facilitating teaching since before COVID. this was useful and has enabled us to take decisions and provide resources which equip people on the ground in a sustainable wav. We note with grateful thank5 the more than fifteen years which Mark Richardson served a5 our treasurer. Lookln8 ahead The trustees continue conversations as to the best way to ensure we serve the church in Cuba. Plans were made during this financial year which saw a very fruitful visit by live Cuban pastorlscholars to Tyndale house in the autumn of 2024. The challenges of -doing this well" are not small. Flnancial Review Partly because of restricted activity, the income was very low. We continue to be thankful to some faithful people who 5UPPOrt us regularly. Expenditure far exceeded income, but wa5 more than covered by reserves. Approved by the Trustees on 29" January 2025. Carl Chambers (Chairl
LATIN AMERICA FOR CHRIST
( previously called CUBA PARA CRISTO)
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 MARCH 2024
REGISTERED CHARITY NO: 1165339
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CUBA PARA CRISTO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 MARCH 2024
| INCOME Donations Interest TOTAL INCOMING RESOURCES EXPENDITURE Pastoral Support Moclam One-off projects Other expenditure TOTAL EXPENDITURE NET INCOME (EXPENDITURE) FUNDS BROUGHT FORWARD FUNDS CARRIED FORWARD AT 31 MARCH 24 |
2024 2023 Unrestricted Restricted Total Total £ £ £ £ 1,430 - 1,430 15,200 - - - 95 |
|---|---|
| 1,430 - 1,430 15,295 |
|
| 2,000 - 2,000 660 - 12,000 12,000 4,508 - - - 17,023 29 - 29 535 |
|
| 2,029 12,000 14,029 22,726 |
|
| (599) (12,000) (12,599) (7,431) 14,027 45,314 59,341 59,591 13,428 33,314 46,742 52,160 |
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CUBA PARA CRISTO
BALANCE SHEET
AS AT 31 MARCH 2024
| Cash Debtors Current Assets Current Liabilities Net Assets Represented by: Unrestricted funds Restricted funds |
2024 £ 2023 £ 46,742 59,329 - 262 |
|---|---|
| 46,742 59,591 - - 46,742 59,591 |
|
| 13,428 14,277 33,314 45,314 |
|
| 46,742 59,591 |
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CUBA PARA CRISTO
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31 MARCH 2024
1 Accounting policies
1.1 Basis of preparation
The financial statements have been prepared on a going concern basis and under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts.
Unrestricted funds are the general funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity.
The accounts include all transactions, assets and liabilities for which the charity is responsible in law.
1.2 Income
All income is included in the Statement of Financial Activities when the charity is legally entitled to the income, when the amount can be quantified with reasonable accuracy and receipt is probable.
1.3 Expenditure
Expenditure is recognised on an accruals basis as and when a legal or constructive obligation arises.
The charity's objects are:
-
the advancement of the Christian faith particularly (but not exclusively) in Cuba;
-
the advancement of education;
-
and prevention or relief of poverty or financial hardship by providing grants, items and services to individuals in need and/or charities, or other organizations working to prevent or relieve poverty or financial hardships;
All grants and any expenditure are made in line with these objects and are charged to the Statement of Financial Activities in the year they are approved.
1.4 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.
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1.5 Liabilities
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
CUBA PARA CRISTO
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDING 31 MARCH 2024
1 Accounting policies (continued)
1.6 Accumulated funds
Restricted funds are funds subject to specific trusts, which may be declared by their donors, or with the authority such as in a public appeal, or created through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are expendable at the discretion of the Managing Trustees in furtherance of particular aspects of the objects of the charity.
2. Movement in Funds
| Free Reserves Restricted Funds Moclam Languages Other Total Restricted Funds Total Funds |
Balance at 31 March 2023 14,027 43,593 1,721 - 45.314 59,341 |
Incoming Resources £ 1,430 - - - - 1,430 |
Resources Expended £ (2,029) (12,000) - - (12,000) (14,029) |
Balance at 31 March 2024 £ 13,427 31,593 1,721 - |
|---|---|---|---|---|
| 33.314 | ||||
| 46,742 |
3. Related party transactions
Trustees were reimbursed £0 (2022: £0) for expenses relating to their work as trustees.
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4. Prior year Statement of Financial Activities
| INCOME Donations Interest TOTAL INCOMING RESOURCES EXPENDITURE Pastoral Support Moclam Languages project One-off projects Other expenditure TOTAL EXPENDITURE NET INCOME (EXPENDITURE) FUNDS BROUGHT FORWARD FUNDS CARRIED FORWARD AT 31 MARCH 2022 |
2023 2022 Unrestricted Restricted Total Total £ £ £ £ 2,390 12,810 15,200 57,831 95 - 95 6 |
|---|---|
| 2,485 12,810 15,295 57,837 |
|
| 160 500 660 823 - 4,508 4,508 525 1,879 15,144 17,023 58,849 195 340 535 584 |
|
| 2,234 20,492 22,726 60,781 |
|
| 251 (7.682) (7,431) (3,394) 14,026 52,996 67,022 70,416 14,027 45,314 59,591 67,022 2,390 12,810 15,200 57,831 |
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