REGISTERED CHARITY NUMBER.. 1194468 LATIN COMMUNITY NETWORK Trustees, Report and Financial Statements for the Year Ended 31 December 2024 Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN COMMUNITY NETWORK Contents of the Financial Statements for the Year Ended 31 December 2024 Page Trustees, Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LAllN COMMUNttY NttWORK Trustees, Report fortheyear Ended 31 December 2024 The Irustees presenttheir rÈporiwiih the financi8lstatÈmenis of the charityfor thè ye2r endèd 31 December 2024. Thetrustees have adopted the provisions of Accountingand Reporting by Charities.. Statement ol Recommendèd Praeiiceapplicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective lJanuary20191. Oblectlve$ and adivllle$ Objectives and alms Our aim is to empower Latln youths to build 8 brlghterfuiure through a personalgrowth mindset journeyvia mentorship programmes and tailor-made events in collaboration with successful We area resource for young people We run mentoring progratn, physical. educational and other activities We helpyoung people developiheir skills, capacities and capabilities to enableihem to p2rtieip8ie in society as independent. mature and responsible indivi(luals'. We aimio advance education We aimto relieve unemployment We aimto provide recreational8nd leisure time aeiiviiy in the interests of socialwelfare for people living in the area who have need by reason of their youth, age, infiimityordisability. povertyor social and economic circumstanceswith a viewto improvingthe conditions of life of such persons. Public benefit The Irustees Confirm thatthey have ¢omplled wlth the reoulrements ol se¢tlon 17 of the Charltles A¢1 2011 to have due regard tothe public benefitguidance published bythe Charity Commission for EngLand andwales. Volunteers The charityis run byvolunteer5. Flnanclal revlew Theyear ended wilh a nei posiiion ol £Nil. Aeserves policy TheTru5tee5 believe5 that uniestricted funds which have not been designated fora specific use should be maintained soth81 In the eventof a significant drop in funding, they will be able to continue the charity's activities and aim to achieve resetve levels of thieeto six months of runningcosts. Golng concern Attheiime of approving the accounts, theirusrees have a re8son8ble expeciaiion thatlhe charity has adequate resources to continue in operational existenceforthe foreseeable future. Thu5, the trustees continue to adopt the going concern b8sis of accounting In preparingthe 8ccounts. Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN COMMUNITY NETWORK Trustees, Report forthe Year Ended 31 Deeember2024 Structure, governance and managemetrt Governingdocument The Latln Community Network Is a Charltable Incorporated Organlsatlon ICIOI reglstered on 14 Nay 2021 and is Controlled by it5 governing document, CIO- Foundation registered on 14 May 2021. Its charlty iègistration number is 1194468. Recrultmentand appolntmentof newtrustees Trustees are elected by existingtrustee5 in accordance with the governingdocutnents. A ietiring trustee may be rè-elected. Newirusiees 8re inducied. Reference and admlnlstratlve detalls Registered Charity nutnbei 1194468 Principaladdress Fl8t 8 Simmons House Sussex Way London N76RX Twu$tee$ Edward Guzman Angela Serna Paola Andrea S8avedra AdolfoAlberto Souviron Cristina Viviana Lorna Aragones (appointed 15181251 Approved by orderof the board oftru5tees on 25 October 2025 and signed on its behalf by.. Edward Guzman- Trustee Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN COMMUNITY NETWORK Statement of Financial Activities foriheyear Ended 31 December 2024 2024 Unrestricted funds 2023 Toial funds Notes£ £ Income and endowmemsfrom Note5 Don3110ns and legacies 304 71 Expendltureon Charitable activltles 304 95 Actiwties in furtherance of the charity's objective5 NEf INCOMEIIEXPENDITUREI 1241 Reconclllatlon of fund$ 24 Total funds broughtfotward Totalfunds carried forward The notes form par¢ of these financlal staiements Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN CONMUNifi NETWORK Balance Sheet 31-Dec-24 ?024 2023 Unrestricied Toial funds funds Notes Curreni assets Cash ai bank Net current assets Total 8ssets less current li8bllities NEfASSETS Funds Unrestricted funds Toial funds Thefinancial statementswere approved bythe Board of Trustees and authorised for issue on 25 October 2025 and were signed on its behalf by.. Edward Guzman-Trustee The notes form partof Ihesefinanc121statèmenis Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN COMMUNIIYNEtWORK Notestothe Financial Statements fortheyear Ended 31 December 2024 I. ACCOUNTING POLICIES Ba$1$ OlprepangIhefInantlaI $tatement$ Thefinancialstatements of the charity,which 15 a public benefit entity under FRS 102, have been prepared in accordance with Ihe Ch8rities SORP IFRS 1021'Accountlng and Rèportlng by Charlties.- Statement of Recommended Practice applicableto charities preparingtheir accounts in accordancewith the Financial ReportingStand8rd 8ppIIc8ble in the UK and Republic of Ire18nd IFRS 1021 lelfective 113nu8ry 20191,, Financial Reporting Standard 102'The Financial Reportingstandard applicable in the UKand Republic of Ireland. and the Chariiies Ae12011. Thefinancial st3temenis have been prep8red underihe historicalcost convention. Income All income is recOlSed in the Statement of Fin8nclalActlvltiÈs once the ch8rity h8s eniitlementto the funds, it is probable thatthe incornewill be received and the amountcan be measured reliably. Expendlture Liabllltles are recog)ised as expendlture as soon as there Is a legalor constructive obllgatlon cDmmlttlngthe charityto that expenditure, it 15 probable that atransferof economic benefits will be required in settlement and the amount of Ihe obligation tan be me8sured reliably. Expendiiure Is accounted for on an accru31s b3sIs and has been classified underheadings that aggregate all cost ielated tothe category. Where costs cannot be direciiy attribuied io pariicular headings they have been allocated to activities on a basis consisieni Wlih the Use ol resources. Tax10 The charity 15 exemptfromtaxon its charitsble activitie5. Fundaccounting Unrestricted funds can be used in accordancewith the charitable objectives at the discietion of the trustees. Resiricted funds c8n only be used for particular restricted purposeswiihin the obiecis of the ch8rity. Restriction5 arisewhen specified bythe donor orwhen funds are raised for particular restricted purposes. Further emplanation of the nature and purpose of each fund is included in the notestothefinancial ststements. Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN COMMUNITY NETWORK Notestothe FinancialStatements- continued forthe Year Ended 31 Deeember2024 2. TRLISTEES, REMUNERATION AND BENEFITS There wpre notrustees, remuneration orother benefits forthe year ended 21 DecerDber2024 norforthe year ended 31 December2023. Trustees, expenses There were notiustees, expenses paid for the year ended 31 De¢embei2024 noiforlhe year ended 31 December 2023. 3. MOVEMENT IN FUNDS Net movement At 31.12.24 At 1.1.24 in funds Unrestrlcted funds Generalfund TOTALFUNDS Net tnovetnent in funds. included in the above are as follows.. Incoming resources Resources expended Movement In funds Unre$trl¢ied lund$ Generalfund 304 13041 TOTALFUNDS 304 13041 Comparatives for movement in funds Net movement At At 1.1.23 in funds 31.12.23 Unrestrl¢ted fund$ Generalfund 24 1241 TOTALFUNDS 24 1241 Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LATIN COMMUNttY NORK Note5 tothe Financial Statement5- Continued for the Year Ended 31 December 2024 3. MOVEMENT IN FUNDS- Contlnued Comparative nei movement in funds, included in the above are a5 foLiows'. In¢omlng resources Resources expended movement in fund5 Unrestricted funds 71 Generalfund 1951 1241 TOTALFiINDS 71 1241 4. RELATED PARfi DISCLOSURES There were no related partytransactions forthe yearended 31 Decemt>er 2024. Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c
LAllN COMMUNITY NETWORK Detailed Statement of FinancialActivities for theyear Ended 31 December 2024 2024 2023 Unrestricied Totsi funds funds Income and endowmems Donation53nd legacies Don8tions 304 71 Total Incoming resources 304 71 EKpendlture Charitable activities other supportcosis 304 95 Total resources expended 304 95 Net Income 1241 Thi5 page does notform part of the 5t3tutoryfinancial statements io Docurnent10.. 9e4fd54I-3089-4d82-a06c-dc7f6c11818c