REGISTERED CHARITY NUMBER.. 1194468
LATIN COMMUNITY NETWORK
Trustees, Report and
Financial Statements for the Year Ended 31 December 2024
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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
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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.
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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
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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
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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
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LATIN COMMUNIIYNEtWORK
Notestothe Financial Statements
fortheyear Ended 31 December 2024
I. ACCOUNTING POLICIES
Ba$1$ Olprepa￿ngIhefInantlaI $tatement$
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 recO￿lSed 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.
Tax￿10￿
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.
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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
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LATIN COMMUNttY N￿ORK
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.
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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
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