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2024-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

MINISTERIO BENDICIENDO A LAS NACIONES

CHARITY REGISTRATION NUMBER 1200791

Independent Examiners Ltd The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG

MINISTERIO BENDICIENDO A LAS NACIONES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

----- Start of picture text -----
Page
Legal and Administrative Information 3
Trustees' Report 4 to 7
Independent Examiner's Report on the Accounts 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 19
----- End of picture text -----

MINISTERIO BENDICIENDO A LAS NACIONES

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1200791

WORKING NAMES MBN (Working name) Ministerio Bendiciones A Las Naciones (Previous name)

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

01 January 2024

31 December 2024

These accounts are made up for the year to 31[st] December 2024 with the comparative period being from 24[th] October 2022 to 31[st ] December 2023 because the charity was registered on the 24[th] October 2022.

TRUSTEES AT 31 DECEMBER 2024

Rev Pedro Pablo Arias Mr Roger Grassham Mr Simon Darby Mrs Lucia Darby

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

Founding and Launching of the MBN Registered Charity

The constitution of the MBN charity was agreed on 19th July 2022 as amended on 12th October 2022, following which the charity was Registered No 1200791 on 24 th October 2022.

GOVERNING INSTRUMENT

REGISTRATION DATE

Constitution adopted 19 Jul 2022 as amended on 12 Oct 2022.

24 October 2022:Standard registration

OBJECTS

THE ADVANCEMENT OF THE CHRISTIAN FAITH FOR THE PUBLIC BENEFIT IN THE UK AND INTERNATIONALLY, PARTICULARLY BUT NOT EXCLUSIVELY BY THE PROVISION OF PASTORAL OUTREACH WORK, THE HOLDING OF PRAYER MEETINGS AND PRODUCING AND/OR DISTRIBUTING LITERATURE ON THE CHRISTIAN FAITH.

CORRESPONDENCE ADDRESS

Flat 2, Mackonochie House Baldwins Gardens London EC1N 7AQ

PRIMARY BANKERS

Barclays Bank Leicester LE87 2BB

INDEPENDENT EXAMINER

Donna Leppitt Independent Examiners Ltd The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG

3

MINISTERIO BENDICIENDO A LAS NACIONES

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024

The Trustees present their report along with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2005).

Governing document

Ministerio Bendiciones A Las Naciones is an unincorporated charity governed by a Constitution adopted on the 24th October 2022.

Management

The Executive Board has the responsibility to appoint trustees and appoint any new trustees following the provisions laid out in the organisation's governing instrument. All existing trustees are members of the Executive Board.

The following have served throughout the accounting period, except where indicated:

There have been no resignations or appointments in the current financial year.

Normally, the Trustees meet four times per year to consider financial considerations and operations of the Charity.

Organisational structure

The charity employs a Senior Pastor, who reports to the board of trustees. The trustees give their time voluntarily and received no benefits from the charity. No expenses have been reclaimed by any of the trustees from the charity in the period concerned.

The general governance of the charity is the responsibility of the Trustees; however, the day-to-day operation is delegated to the Senior Pastor. The Senior Pastor takes any matters of variation to Trustees' meetings for decision making.

Aims and purposes

Our purpose as recorded in our constitution is the advancement of the Christian Faith for the public benefit in the UK and Internationally , particularly but not exclusively by the provision of pastoral outreach work, the holding of prayer meetings and producing and/or distributing literature on the Christian faith.

Financial Review

During the year ending 31.12.2024 the Charity received some £135,089 in incoming resources, comprising tithes and offerings from members. Included in this amount was £15,907 in funds designated for the purchase of a new building for the Charity.

In the year ending 31.12.2024, Resources Expended was £89,595, comprising salaries and wages, rent and other costs incurred. During the year ending 31.12.2024 no charitable events were held or planned and the annual trip to Israel was cancelled due to the ongoing unrest.

A comparison of the key amounts for the year ending 31.12.2024 and the period 24.10.2022 to 31.12.2023 is shown in the table below:

Year
£		 Period
£
Incomingresources 135,089 172,439
Resources expended 89,595 180,124
Fund Balances- Designated 27,553 5,953
Fund Balances- Unrestricted 393,897 370,004

Unrestricted fund balances increased from £370,004 in the period 24.10.2022 to 31.12.2023 to £393,897 for the period ending 31.12.2024. Designated fund balances increased from £5,953 to £27,553 in the same period.

Public Benefit

The Charity provides public benefit by supporting existing church and community members with practical help, legal, support, and statutory advice. Individuals, families, and other needy groups are assisted in kind, and financially from time to time.

During the year ending 31.12.2024 the Charity made grants and gifts of £9,993 (period 24.10.2022 to 31.12.2023 £2,000).

4

MINISTERIO BENDICIENDO A LAS NACIONES

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Investment Policy

The Trustees have agreed an investment policy which meets its requirements for maintaining a prudent amount of reserves but with sufficient flexibility to allow it to be able to respond rapidly should suitable premises become available. The Trustees have agreed to investing surplus balances in easy access interest bearing savings accounts.

Reserves policy

The Trustees have examined the charity’s requirements for reserves in the light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets should be between 3 and 6 months of expenditure.

Based on actual charitable expenditure for 2024 of £89,595 the Trustees have assessed the required reserves target to be £22,399. The reserves are needed to meet the working capital requirements of the charity for the next 3 months and the Trustees are confident that at this level they would be able to continue with the current activities of the charity in the event of a significant drop in funding. The present level of reserves available to the Charity do not meet the target level and the Trustees will endeavour to increase the reserves during 2024.

Recruitment and appointment of the Trustee Body

Under the requirements of the constitution the members of the Trustee Body are elected to serve a period of three years after which they must be re-elected at the next Annual General Meeting.

One Trustee received remuneration during the year. All other members of the Trustee Body gave their time voluntarily and received no benefits. Any remuneration or expenses received from the charity by Trustees are set out in note 14 and expenses in note 4 to the accounts.

Trustee induction and training

All of the Trustees are familiar with the practical work of the charity having been associated with the Charity prior to its formation. Furthermore, all of the Trustees have been or are Trustees of other charities.

New trustees when appointed will be invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context in which it operates. These will be led by the Chair and Treasurer and include:

Risk Management

The trustees have a risk management strategy which comprises:

Attention has also been focussed on non-financial risks arising from health and safety, safeguarding, food hygiene and events. These risks are managed by ensuring appropriate insurance policies are in place, any accreditations required are up to date, robust policies and procedures are in place, and regular awareness training is held for volunteers.

5

MINISTERIO BENDICIENDO A LAS NACIONES

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

Related parties

One of our trustees receives remuneration or other benefit from their work with the charity. Any other conflict of interest involving any trustee or volunteer for the Charity must be disclosed to the Board of Trustees. Remuneration is reported in note 14 and expenses in note 4.

The Charity is a member of the Evangelical Alliance which is made up of hundreds of organisations, thousands of churches and tens of thousands of individuals, joined together for the sake of the gospel. The Evangelical Alliance is the oldest and largest evangelical unity movement in the UK and exists to serve and strengthen the work of the church in our communities and throughout society.

The Charity is also a member of Transform Newham which encourages followers of Jesus in Newham to collaborate in prayer and action, to be ‘salt and light’, to seek the welfare of our ‘city’ and particularly partner with churches, individuals and groups to connect the followers of Jesus together, link people to resources and places, encourage existing work and catalyse new initiatives.

6

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MINISTERIO BENDICIENDO A LAS NACIONES

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Report to the trustees/ members of Ministerio Bendiciendo a Las Naciones on the accounts for the year ended 31st December 2024 which are set out on pages 9 to 19.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2022 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission under section 145(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includesdconsideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity 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 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 Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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 accounts to be reached.

Donna Leppitt Independent Examiners Ltd The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG Date: 18th September 2025

8

MINISTERIO BENDICIENDO A LAS NACIONES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

Notes
INCOMING RESOURCES
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
Other Income
3d
TOTAL INCOMING RESOURCES
Costs of Charitable Activities
4a
Costs of Generating Funds
4b
NET INCOMING/(OUTGOING) RESOURCES
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
NET MOVEMENT IN FUNDS
TOTAL RESOURCES EXPENDED
TRANSFERS BETWEEN FUNDS
RESOURCES EXPENDED		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
Year
ending
24Oct22 -
31Dec23
£
£
£
£
106,909
-
15,907
122,816
111,223
6,581
-
-
6,581
3,943
-
-
5,693
5,693
54,921
-
-
-
-
2,352
113,490
-
21,600
135,090
172,439
89,595
-
-
89,595
78,305
-
-
-
-
101,819
89,595
-
-
89,595
180,124
23,894
-
21,600
45,494
(7,685)
-
-
-
-
-
23,894
-
21,600
45,494
(7,685)
370,004
-
5,953
375,957
383,642
393,898
-
27,553
421,451
375,957

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on pages:-

11 to 19

9

MINJSTERIO BENDICIENDO A LAS NACIONES BALANCE SHÈtT AS AT 31 DECEMBER 2024 UhreStrted Restr￿tea TOtl Fvnd$ Punds JI.D￿24 jI.D•￿23 NrAes A55rt5 Curr•rtAM•ts Debt¢r$ & prephyments Cash at bank In hand 1.188 426.453 474,897 474,897 Tot•1 Cuvv•nt A•M 474 897 CrndItp￿. éuo ye io 8,83B 8,83B S.3?9 NEf CUARENT ASSFrs 460.059 466,059 424,262 TOTAL ASSEfg k55 currrnl 467.856 467,$56 424,2fj2 ¢rndltOr&- du¢ ￿ mwe Iharn rAlq wr 46.40S 40,405 411,305 NEf ASSÈTS PU14W OP CNARIT¥ Gtne¢al Funds Re5trttcd fvndj cs¥nJtcd Funds 393.898 393,898 370.DO4 27,553 27,553 5,953 TOTAL VUNDS 411 451 421 4SI 37S 957 Apprw4vJ by IheTruSteeB rAI Ihe..... ....... S*ncd cn Ihthr behkff by Tiust Prlnl N•m¢:.. io

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Basis of preparation:

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2022.

The Charity meets the definition of a public benefit entity under FRS102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Assessment of Going Concern

At the time of approving the accounts, the trustees have a reasonable expectation that the Charity has adequate resources to be able to continue in operation for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting

Accounting Policies

Incoming Resources

Recognition of Incoming Resources

Incoming resources are recognised in the Statement of Financial Activities (SOFA) when:

Grants and Donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Investment Income

Income from equity, fixed interest and cash investments is included when receivable by the charity.

Interest Receivable

Interest is included when receivable by the charity.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

This page does not form part of the statutory financial statements

11

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

Fund Accounting

The Funds held by the charity are either:

Designated funds

Legal Status of the Charity

The Charity is constituted under a constitution approved on the 24th October 2022.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year. They are valued at cost or reasonable value on receipt.

Depreciation Expense

Fixed assets are depreciated over their estimated lives on a straight line basis as follows:

Office or Musical equipment Over 3 years Furniture & Fittings Over 3 years

There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.

This page does not form part of the statutory financial statements

12

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

2. TANGIBLE FIXED ASSETS

Additions
Cost
At 1 January 2024
At 31 December 2024
Net Book Value
At 31 December 2024
At 31 December 2023
At 31 December 2024
Accumulated Depreciation
At 1 January 2024
Charge for the Year		 Furniture &
Fittings
Year
ending
31Dec24
£
£
529
529
2,061
2,061
2,590
2,590
529
529
265
265
794
794
1,797
1,797
-
-

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2024 : None 31st December 2023 : None

This page does not form part of the statutory financial statements

13

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

3. INCOMING RESOURCES
Unrestricted Restricted Designated Total Total
Note Funds Funds Funds Year 24Oct22 -
ending 31Dec23
£ £ £ £
a) Donations & Legacies
Donations 106,909 - - 106,909 105,270
Donations to New Premises Fund - - 15,907 15,907 5,953
106,909 - 15,907 122,816 111,223
b) Investment Income
Bank Interest Receivable 6,581 - - 6,581 3,943
6,581 - - 6,581 3,943
Investment income of £6,581 arises solely from funds held in interest bearing savings accounts.
c) Incoming from Charitable Activities
Charitable Events - - - - 54,921
Israel Trip 2023 - - - - -
Other Trading activities - - 5,693 5,693 -
- - 5,693 5,693 54,921
d) Income from Other Trading Activities
Sales of Food and Refreshments - - - - 2,352
- - - - 2,352

This page does not form part of the statutory financial statements

14

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

4. RESOURCES EXPENDED

4. RESOURCES EXPENDED
Note
Independent Examiner's Fees
Accountancy Fees
Legal & Professional fees
b) Other Activities:-
Ashburnham Place Marriage Seminar
Israel Trip
Rent
Overseas Travelling
Stationery
Catering expenses
a) Charitable Activities:-
Gifts to Speakers
Miscellaneous Expenses
Depreciation
Subscriptions
Training Costs
Insurance
Donations
Website
Governance costs:-
Staff Costs:-
NET Staff Salaries Paid
PAYE Paid
Employers Pensions		 Unrestricted
Restricted
Designated
Total
Total
Funds
Funds
Funds
Year
ending
24Oct22 -
31Dec23
£
£
£
£
21,923
-
-
21,923
16,348
604
-
-
604
1,202
20
-
-
20
18
487
-
-
487
-
265
-
-
265
529
590
-
-
590
717
300
-
-
300
9
361
-
-
361
341
9,993
-
-
9,993
2,000
210
-
-
210
57
-
-
-
-
1,431
1,817
-
-
1,817
459
42,192
-
-
42,192
42,646
6,394
-
-
6,394
7,203
2,014
-
-
2,014
2,686
1,404
-
-
1,404
1,170
396
-
-
396
472
-
-
-
-
999
89,595
-
-
89,595
78,305
-
-
-
-
6,485
-
-
-
-
95,333
-
-
-
-
101,818

This page does not form part of the statutory financial statements

15

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

5. RESTRICTED FUNDS

The Charity held no Restricted Funds during this or the previous financial period.

6. DESIGNATED FUNDS

CURRENT FINANCIAL YEAR

PREVIOUS FINANCIAL YEAR
Total unrestricted funds
Premises Fund
Premises Fund
Total unrestricted funds
Total Designated Funds
General Funds
Total Designated Funds
General Funds		 Balance
Unrealised
Balance
01-Jan-24
Income
Expenditure
Gain/Loss
Transfer
31-Dec-24
£
£
£
£
£
£
5,953
21,600
-
-
-
27,553
5,953
21,600
-
-
-
27,553
370,004
113,489
(89,595)
-
-
393,897
375,957
135,089
(89,595)
-
-
421,450
Balance
Unrealised
24-Oct-22
Income
Expenditure
Gain/Loss
Transfer
31-Dec-23
£
£
£
£
£
-
5,953
-
-
-
5,953
-
-
5,953
-
-
-
5,953
383,641
166,486
(180,124)
-
-
370,004
383,641
172,439
(180,124)
-
-
375,957

16

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

7. INVESTMENTS

The Charity held no investment assets during this or the previous financial period.

8. CASH AT BANK AND IN HAND

8. CASH AT BANK AND IN HAND
Unrestricted Restricted Designated Total Total
Funds Funds Funds Year 24Oct22 -
ending 31Dec23
£ £ £ £
Current account 1 9,420 - - 9,420 6,557
Current account 2 437,924 - 27,553 465,477 421,897
447,344 - 27,553 474,897 428,453
9. DEBTORS AND PREPAYMENTS
Unrestricted Restricted Designated Total Total
Funds Funds Funds Year 24Oct22 -
ending 31Dec23
£ £ £ £
Prepayment - - - - 1,188
- - - - 1,188
10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted Designated Total Total
Funds Funds Funds Year 24Oct22 -
ending 31Dec23
£ £ 31D
24
£		 £
Trade Creditors 7,434 - - 7,434 4,209
Independent Examiner's Fee 1,404 - - 1,404 1,170
8,838 - - 8,838 5,379
11. PROVISIONS
Unrestricted Restricted Designated Total Total
Funds Funds Funds Year 24Oct22 -
ending 31Dec23
£ £ £ £
Provision for refund of fees for Israel 46,405 - - 46,405 48,305
46,405 - - 46,405 48,305

The Israel 2023 Trip which was due to commence on the 9th October 2023 was cancelled by the Trustees at very short notice due to the events of 7th October 2023. The Trustees have reasonable grounds to believe that should the situation in Israel improve, the Tour Operator will honour their booking and the trip will be completed in October 2024. The Trustees have agreed to refund the fees of any participant should they request a refund prior to the rescheduled trip taking place. During the year ending 31.12.2024 one refund of £1,900 was paid.

12. MOVEMENT IN FUNDS

Fund
Unrestricted funds
Designated funds
Total		 Balance
Unrealised
Balance
01-Jan-24
Income
Expenditure
Gain/Loss
Transfer
31-Dec-24
£
£
£
£
£
£
370,004
113,490
(89,595)
-
-
393,898
5,953
21,600
-
-
-
27,553
375,957
135,090
(89,595)
-
-
421,451

17

MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

13. STAFF COSTS AND NUMBERS

TOTAL
Year ending
31Dec24
£
Gross Wages & Salaries
42,192
6,394
Pension (including Employers contribution £863)
2,014
50,600
Average number of employees who were engaged in each of the following activities:
TOTAL
Year ending
31Dec24
Charitable Activities
2
2
Employer's PAYE and National Insurance Costs
(including National Insurance Employers contribution
£3577 less employment allowance £3577)		 TOTAL
24Oct22 -
31Dec23
£
42,646
7,203
2,686
52,535
TOTAL
24Oct22 -
31Dec23
2
2

Pastor P Arias received a salary of £35,016 and pension contributions of £2,014 during the time he served as a trustee during the year. Payments were made to the trustees in accordance with the governing document of the charitable company.

The Pension is a Direct Contribution Pension managed by NEST.

None of the other trustees are paid or receive payment for their role as trustees.

14. TRUSTEES AND OTHER RELATED PARTIES

Trustee Expenses

Trustee Expenses
Year ending 24Oct22 -
31Dec24 31Dec23
Number of trustees who were paid expenses 1 1
Nature of expenses Travel Travel
Total amount paid 604 1,202

Pastor P Arias received expenses of £604 during the time he served as a trustee during the year. Expense payments were made in accordance with the governing document of the charitable company.

None of the other trustees are paid or receive expenses for their role as trustees.

Related Party Transactions

The Trustees approved salary payments of £7,176 to the wife of Pastor Pedro Arias in recognition of the work that she undertakes in respect of the Charity.

15. RISK ASSESSMENT

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.

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MINISTERIO BENDICIENDO A LAS NACIONES

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

16. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

17. 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.

This page does not form part of the statutory financial statements

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