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2021-11-30-accounts

Registered Charity No. 1182099

Centro Familiar Vida Nueva Londres Trustees' Report and Accounts

30 November 2021

CONTENTS

PAGE
Legal and Administrative Details 3
Trustees' Report 4
Independent Examiners’ Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30[TH] NOVEMBER 2021

Trustees 1. Jose Rodrigo Aguiar Delgado 2. Carlos Fabian Real Velasco 3. Maritza Elizabeth Stacey Castro (Chair)

Charity registered Number 1182099

Date of charitable registration 18/02/2019

Principal office 11 Auckland Gardens London SE19 DU Independent examiners NF Financial Solutions Ltd - C/o Good to give

Bankers HSBC Bank PLC

TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021

Structure, governance and management

The 3 Trustees are:

  1. Jose Rodrigo Aguiar Delgado

  2. Carlos Fabian Real Velasco

  3. Maritza Elizabeth Stacey Castro (Chair)

New Trustees are appointed by the existing Board of Trustees on the basis of their expertise and involvement in furthering the mission and vision of the charity. The Board of Trustees have a variety of experience including Christian ministry and church administration, financial management, fundraising, education skills. The Board is accountable to the Charity Commission for the careful use of charitable and other public funds provided in a variety of forms, and for the achievement of appropriate performance standards in service delivery. The Board of Trustees meets at least quarterly to oversee the vision and strategies of the charity.

The Trustees remain committed to advancing the Christian religion and providing recreational facilities and leisure activities for members of the community such as youth, elderly, infirm or disabled, or suffering from social or financial hardship. The main objective is to improve the life of the public.

Governing document

Centro Familiar Vida Nueva Londres is charitable organisation registered on 18 February 2019. The charity is governed by its Memorandum and Articles of Association incorporated on 8 June 2018 as amended by special resolution registered at Companies House on 28 January 2019.

Recruitment and appointment of trustees

The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.

Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship.

The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.

4

TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Objectives and activities

To advance the Christian religion and provide recreational facilities for leisure activities for the members of the community such as the youth, elderly, infirm or disabled, or suffering from social or financial hardship with the object of improving the life of the public.

Financial review

The Trustees have prepared the accounting policies for Victory Outreach West London in accordance with the requirements of the applicable SORPs and of best accounting practice.

Plans for future periods

The Charity plans to develop various fundraising strategy to include mass marketing. Besides community outreach and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly

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TRUSTEES' REPORT FOR THE YEAR ENDED 30[TH] NOVEMBER 2021

Statement of Board of Trustees’ responsibilities

The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:

The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which 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 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.

The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of disclosure of information to independent examiner

We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that:

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TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021 Independent Examiner The Charity's independent examiner. NF Financial Solwion5 LAd Clo Go(Kl to Give Ltl has indicated their willingnessto offer themselve5 for appointment. This report was approved by the T￿￿teeS and signed on their behalf by: Maritza EIi7Abeth Stscey Castro {Ch¥ir) 6L

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEETING POINT MINISTRIES

I report on the financial statements of the charity for the year ended 30[th] November 2021 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.

This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. 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 examination work.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Basis of Independent Examiner's report

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the Act; and

  3. to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

…………………………………………………………………………

B K. A. C. S. Rodrigo ( Bsc Accountancy, MBA, ACASL, FFA/FIPA) On behalf of NF Financial Solutions Ltd

Dated: 26 May 2022

8

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021 Income and Expenditure Account

Incoming resources
General offerings
Gift Aid
Total Incoming resources
Resources expended
Governance costs
Total Resources expended
Movement in total fund for the year;
Net income / (expenditure)
Fund balance brought forward
Fund balance carried forward		 Notes
2
3		 Unrestricted
2020/21
£
55,213
-		 Unrestricted
2020/21
£
55,213
-		 Restricted
2020/21
£
-
-		 Restricted
2020/21
£
-
-		 Total Funds
2020/21
£
55,213
-
55,213
42,243
984
43,227
11,985
8,500
20,485
Total
Funds
2019/20
£
37,858
-



42,243
984		 -
-
-



37,858
37,154
900


43,227
11,985
8,500		 -
-
-


-
 38,054
(196 )
8,696
20,485 - 8,500

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021 Balance Sheet as At 30 November 2021 202•ni 2021)121 2019no 2019QO FIXED ASSETS T￿gible &ssets 1,645 1056 CURRENT ASSETS Casb at bwjk and in hwld 18.960 18,960 7,442 7.442 CURRENf LIABJLMES Creditors; amounts falli08due within one 119 -998 NET CURRENT ASSETS A444 NET ASSETS 20.485 CHARITY FUNDS 8.5(￿j Restricted fiLDds TOTAL FUNDS 20.485 The financial ststemenis were approved by the Trustees on and signed on their behalf. by.. Maritza Elizabeth Stsc¢y Castro (Chair) The notes on pages 9 to 10 fonn part of these fitwicial statement 10

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021 Notes to the Accounts

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.

1.2 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. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.3 Incoming resources

All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.4 Resources expended

Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. 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 yearend are noted as a commitment, but not accrued as expenditure.

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021 Notes to the Accounts

1.5 Tangible Fixed Asset

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

20% on reducing balance

1.6 Related Party Transactions

There were no payments to trustees or connected persons during the year nor in previous years.

2 Voluntary Income
Donations from individuals
Gift Aid
Total Income
 2020/21
£
55,213
-
55,213		 2019/20
£
37,858
-
37,858

3 Trustee Expenses

There were no Trustee expenses paid during 2020/21.

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021 Notes to the Accounts

4 Tangible fixed assets
( Plant & Machinery )
Cost
At 1 December 2020
At 30 November 2021
Depreciation
At 1 December 2020
Charge for the year
At 30 November 2021
Net book value
At 30 November 2021
At 30 November 2020		 £
3,213
3,213
1,157
411
1,568
2,056
1,644

5 Creditors: amounts falling due within one year

2020/21 2019/20
£ £
Other creditors 119 998

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