Registered Charity No - 1182099
Centro Familiar Vida Nueva Londres
Trustees’ Report and Accounts For the Year Ended 30 November 2023
| 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 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2023
| Trustees | Jose Rodrigo Aguiar Delado |
|---|---|
| Carlos Fabian Real Velasco | |
| Maritza Elizabeth Stacey Casto (Chair) | |
| Charity registered Number | 1182099 |
| Date of Charitable Registration | 18thFebruary 2019 |
| Principal office | 11 Auckland Gardens |
| Norwood | |
| London | |
| SE19 2DU | |
| Independent examiners | Accounting Assist Ltd C/o Good to Give Ltd |
| Bankers | Lloyds Bank |
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TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Centro Familiar Vida Nueva Londres for the year ended 30 November 2023. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005).
Structure, governance and management
The 3 Trustees are: Jose Rodrigo Aguiar Delado Carlos Fabian Real Velasco Maritza Elizabeth Stacey Casto (Chair)
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[th] February 2019. The Charity is governed by its Memorandum and Articles of Association incorporated on 8[th] June 2018 as amended by special resolution registered at Companies House on 28[th] January 2019.
Recruitment and appointment of Trustees:
The members of the General Trustee Board are trustees for the purpose of charity law. New trustees maybe appointed by resolution of a meeting of the trustees.
Much of charity’s work focuses upon promotion of Christian Faith, 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 trustees of the charity and use their own experience to assist the charity.
Risk Management:
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserve 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 alco examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
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TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
The principal purpose of the church is the advancement of 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.
Financial review:
The Trustees have prepared the accounting policies for Centro Familiar Vida Nueva Londres in accordance with the requirements of the applicable SORPs and of the best accounting practice.
Plans for future periods:
The Charity plans to develop a new fundraising strategy to include mass marketing. Besides mass marketing 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 programme.
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 give 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:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
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 included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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TRUStEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 Statement of disclosure of information to independent examiner We. as the Trustees of the Charity who held off ice at the date of approval of these finar)cial statements as set out on page l each confirm. so far as we are aware, that: There is no relevant information of which the Charity's independent examiner are unaware; and we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner are aware of that information. Independent Examiner.. The Charity's independent examiner. AccountingAssist Ltd Clo Good to Give Ltd. have indicated their willingness to offer themselves for appointment. This report was approved by theTrustees on and signed on their behalf by: Maritza Stacey Signature.,. 2410912024 61 Page
INDEPENDENT EXAMINER" S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRO FAMILIAR IDA NUE report on t ONDRES Inancial statements ofthe charity forthe year ev)ded 30 November 2023 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 l 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.. Examine the accounts (under Section 145 of the Charities Act); To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)Ib) of the Charities Act); and To state whether particular matters have Come to my attention. 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 GrouplDistrict 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. Independent Examiner's statement In connection wilh my examination, no matter has come to myattention: l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Act. and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met. or 2) to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the financial statements to be reached. Signed- Anum Hassan. FCCA On behalfof Accounting Assist Ltd Dated: 2510912024 7 | Page
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and expenditure account) FOR THE YEAR ENDED 30 NOVEMBER2023
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| General Offerings | 47,090 | - | 47,090 | 52,079 | |
| Gift Aid | 5,542 | - | 5,542 | 663 | |
| Total Incoming resources | 2 | 52,632 | 0 | 52,632 | 52,742 |
| Resources expended | |||||
| Resources Expended | 3 | 44,923 | - | 44,923 | 51,209 |
| Governance costs | 1,229 | - | 1,229 | 900 | |
| Total Resources expended | 46,152 | 0 | 46,152 | 52,109 | |
| Movement in total fund for the year- | |||||
| Net income / (expenditure) For the | 6,480 | - | 6,480 | 633 | |
| year | |||||
| Fund balance brought forward | 21,118 | - | 21,118 | 20,485 | |
| Fund balance carried forward | 27,598 | - | 27,598 | 21,118 |
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BALANCE SHEET AS AT30 NOVEMBER 2023 2023 2023 2022 2022 Note FIXEDASSETS Tangible assets CURRENT ASSETS 1.053 1.316 Debtors Cash at bank 1.438 25.850 20,299 27.288 20.299 CFIEDITOFIS.. amounts lallingdue within one year -742 -497 CURRENT ASSETS 26,546 19.802 NET AssErs 27,598 21.118 CHAFIITY FUNDS Unrestricted funds 27,598 21,118 Restricted funds TOTAL FUNDS 27.598 21,118 The financial statements were approved by ihe Trustees on and signed on their behalf. by- Maritza Stacey PRINT NAME.......... . ............................................................... Date.. 2410912024 The Notes on Page 10 form part of these Financial Statement. | Page
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2023
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.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 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.
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NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 30 NOVEMBER 2023
1.5 Tangible Fixed Asset
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.
Plant & Machinery 20% on reducing balance
1.6 Related Party Transactions
The Payments to Trustees totalled £1,600 during year ended 30[th] November 2023.
2. VOLUNTARY INCOME
| Donations from Individuals Gift Aid |
Total 2023 £ Total 2022 £ 47,090 52,079 5,542 663 |
|---|---|
| 52,632 52,742 |
3. Trustees Expenses
The Payments to Trustees totalled £1,600 during year ended 30[th] November 2023.
4. Tangible Fixed Assets (Plant & Machinery)
| Cost | £ |
|---|---|
| At 1 December 2022 | 3,213 |
| At 30 November 2023 | 3,213 |
| Depreciation | |
| At 1 December 2022 | 1,897 |
| Charge for the Year | 263 |
| At 30 November 2023 | 2,160 |
| Offerings | |
| At 1 December 2022 | 1,316 |
| At 30 November 2023 | 1,053 |
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NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 30 NOVEMBER 2023
5. Creditors amount falling due with one year
| Total | Total | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Other Creditors | 742 | 497 |
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