CHARITY REGISTRATION NUMBER: 260812
GOSPEL MISSION OF SOUTH AMERICA
Unaudited Financial Statements
31 December 2023
Chartered accountants
23-25 Darling Street
Enniskillen
Co Fermanagh
United Kingdom
BT74 ?DP

GOSPEL MISSION OF SOUTH AMERICA
Financial Statements
Year ended 31 December 2023
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial statements

GOSPEL MISSION OF SOUTH AMERICA
'Trustees' Annual Report
Year ended 31 December 2023
The Iruslees present their report and the unaudited financial slatemenl$ of the charity for the year
ended 31 December 2023
Ref8renco and admlnlstratlve dotalls
Reglstered charlty name
GOSPEL MISSION OF SOUTH AMERICA
Charlty reglstration numbor
260812
Prlnclpal offlce
8 GALMORE PARK
TOBERMORE
MAGHERAFELT
CO LONDONDERRY
BT45 5PQ
The trusto9$
Mr$ D Hall
Rev P Acheson
Mr R J Crozier
The ¢urrent Trustees are as follows.-
Rev Paul Acheson
Mr Joseph Crozier
Mrs Daphne Hall
Independent examlner
Catherine Crudden
Crudden Dolan Ltd
23-25 Darling Street
Enniskillen
Co Fermanagh
United Kingdom
BT74 ?DP

GOSPEL MISSION OF SOUTH AMERICA
Trustees, Annual Report (continued)
Year ended 31 December 2023
Structure, governance and management
Gospel Mission of South America Trust
Registered Charity no 260812
Main conlacl.. Mr Nigel Kissick
Address..
8 Galmore Park
Tobermore
Magherafell
Co. Londonderry
BT45 5PQ
Trustees
The current Trustees are as follows.-
Rev Paul Acheson
Mr Joseph Crozier
Mrs Daphne Hall
StructurelGovernancelManagemenl
Gospel Mission of South America Trust is a foreign missionary agency operating in the UK as an
unincorporated institution governed by its Trust Deed of 16th February 1970 upon which it was
registered as a charity In the United Kingdom on 9th April 1970. Our serving Trustees are people who
have a dislinclive Christian leslimony and a desire lo be involved in advancing the Christian message,
particularly in the regions in which GMSA operates, they may also have relevant knowledge or skills lo
be able lo to keep abreast of the requirements ol managing a charity in the UK. To assist the Trustees
a UK Boardl Council has been established made up of Pastors and interested Christians whose
unpaid role is lo provide counsel and assistance to the Tru51eeslMission as well as oversight and
promotion in the UK.

GOSPEL MISSION OF SOUTH AMERICA
Trustees, Annual Report (continued)
Year ended 31 December 2023
Oblectlv*s and actlvltle$
Objectives and Activities
The charitable objectives upon which the Mission is registered by the Charity Commission Include
general charitsble purposes. the prevention or relief of povety & religious activities Our key activity is
in the promolion of religious beliefs and activities in the UK, directed specifically to South America.
The Mission has persons placed in Argentina, Chile & Uruguay. In order lo make the Mission and il's
work in South America more widely known within the UK and Ireland. deputation visits are carried out
by our UK based Home Director, la paid non-lruslee appoinlmenll During the period of these
accounts (January - December 20231. 114 deputation visits have been undertaken to churches and
mission halls, reaching an audience of approximately 7057 persons, with 5837 miles travelled
The activities by which the charitable objectives are advanced in South America remain unchanged
and are three-fold:_ 1. Planting of local churches which are developed and graduated lo national
leadership 2. Bible Inslilule training which is designed lo train leaders for existing Churches as well as
for churche5 that are about lo graduate and need national leadership and we have 4 such places in
South
America, with a number ol students slucsying lor Christian Ministry. 3 Camp development -
Christian camps are excellent places for evangelism, family development and church fellowship
across a range of ages and backgrounds. The Mission has 2 camp cenlres in Chile,IPiruque & Lican
Rayl 1 in Paysandu. Uruguay & 1 in Chivilocy. Argentina. The camps can accommodate 50-80+
persons, who may come from both church and non<hurch backgrounds.
In the past, the Mission has established a partnership with a voluntary UK based organisalion known
as 'LIFT' (Labour In Faith and Trust) Volunteers who travel to South America do so al their own
expense, and bring practical skills which make il possible lo build or improve, lal less cost), the GMSA
facilities available for the well-being of the local community, who will benefit from their use GMSA
IUKI sent a work team to Piruque, Santiago, Chile on 27 September 2023. returning home on 13
October 2023 We were grateful for the 9 individuals. joined by our UK Home Director. Mr Nigel
Kissick. who volunteered their lime, skills and money.lfor their flights), to go and serve in the building
of a local churchlcamp meeting building plus completing other joinery projects on the sile
Public Benefit Slalement
The Trustees confirm that the work of the Mission has regard to the public benefit requirement under
the law, and that none of the Trustees receive any private benefit for carrying out their Tru51ee role.
Achlevements and performance
The charity has continued spreading the gospel messagelGood News in all three countries in which il
operates, helping and encouraging. people to make good life-style choices that will also improve their
moral. social, mental and physical well-being
Flnan¢lal revlew
The Mission is supported financially and prayerfully on a purely voluntary basis by people from across
the British Isles In the year ended 31 December 2023. our income was £82981 with expenditure of
£76421 The income is used lo support the work of making the Mission known across the UK and
Ireland through deputation meetings, ¢overing relevant goveranceladminislration expenses and if
relevant funding specific projects.
We do not have a formal policy for holding reserves.. any surplus that arises in a particular year Is
simply carried over into the following year

GOSPEL MISSION OF SOUTH AMERICA
Trust8es' Annual Report (continued)
Year ended 31 December 2023
Plans for future perlods
In looking forward lo 2024. and recognising an ever changing world situation with many practical,
financial and spiritual challenges, il is the intention ol the Trustees lo seek lo maintain the witness of
the Mission, and with God's enabling see it's influence grow, so that il may be more widely known
across the UK and Ireland. and Europe also. We also plan in 2025 to lake a workteam into one if not
vo of our GMSA locations in South America. lo help with ¢onslruclion projects.
The Iruslees, annual report was approved on 8 October 2024 and Signed on behalf of the board of
Iruslees by".
Mrs D Hall
Trustee

GOSPEL MISSION OF SOUTH AMERICA
Independent Examiner's Reportto the Trustees of GOSPEL MISSION OF
SOUTH AMERICA
Year ended 31 December 2023
I report to the Iruslees on my examination of the financial statements of GOSPEL MISSION OF
SOUTH AMERICA I'lhe charity'l for the year ended 31 December 2023
Responslbllltles and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 I'lhe Acl'l.
I report in respect ol my examination of the ¢harity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 14515llb} of the Act.
Independent examlner's ststement
I have completed my examination. I confirm that no material matters have come lo my allenlion in
connection with the examination giving me cause to believe that in any material respect".
accounting feeords were not kept in respect of the chanty as required by section 130 of the
Act, or
the financial slaternenls do not accord with those records.. or
the financial statements do not comply with the applicable requirement5 concerning the
form and content of accounts sel out in the Charities (Accounts and Reports) Regulation5
2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination lo
which attention should be drawn in this report in order lo enable a proper understanding of the
accounts lo be reached.
( G£L_
Catherine Crudden
Crudden Dolan Ltd
Independent Examiner
23-25 Darling Street
Enniskillen
Co Fermanagh
United Kingdom
BT74 7DP

GOSPEL MISSION OF SOUTH AMERICA
Statement of Financial Activities
Year ended 31 December 2023
2023
Restricted
lunds Total lunds
2022
Unreslricled
funds
Total
funds
Income and endowments
Donations and legacies
Investment income
49.703
139
33.140
82,843
139
31,452
13
Total Incorne
49,842
33,140
82,982
31,465
Expendlture
Expenditure on chafilable activities
Other expenditure
42,490
928
33.003
75.493
928
36,796
4.508
Total expendlture
43,418
33.003
76,421
41.304
Net Incomelloxpendlturel and net
movement In funds
6,424
137
6,561
19,8391
Reconclllatlon of funds
Total funds brought forward
Total funds carrled forward
33,621
33,621
43.460
40,045
137
40,182
33.621
The slalemenl of financial activities includes all gains and losses recognised in the year.
All income and expendilure derive from continuing activities.
The notes on pages 9 to 14 form part of these Nnanclol statements.

GOSPEL MISSION OF SOUTH AMERICA
Statement of Financial Position
31 December 2023
2023
2022
Note
Current assets
Cash al bank and In hand
40,182
33.621
Net current assets
40,182
33.621
Total assets lèss current Ilabllltles
40,182
33,621
Funds of the charlty
Restricted funds
Unreslricled funds
137
40,045
33,621
Total charlty funds
13
40,182
33,621
These financial 51alemenls were approved by the board ol trustees and aulhorised for issue on 8
October 2024. and are signed on behalf of the tx)ard by..
Mrs D Hall
Trustee
The notes on page8 9 to 14 form part of the8e flnan¢lal $tatsments.

GOSPEL MISSION OF SOUTH AMERICA
Statement of Cash Flow8
Year ended 31 December 2023
2023
2022
Cash nows from operatlng actlvltl¢•
Nel Incomellexpendilurel
6,561
19,8391
Adjustments for.
Other interest receivable and similar income
{139)
6,422
1131
19,8521
Cash generated from operations
Interest received
139
13
Nel eash fromllused inl operating activities
6,561
{9,8391
Net Increaselldecreasel In cash and eash equlvalents
Ca8h and cash equivalents at beglnnlng of year
Cash and cash equlvalents ot ond ol year
6,S61
33,621
(9.8391
43.460
40,182
33.621
The notes on page$ 9 to 14 fomi part of these financlal statem•nts.

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Flnancial Statements
Year ended 31 December 2023
General Inforrnatlon
The chafity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 8 CALMORE PARK. TOBERMORE.
MAGHERAFELT, BT45 5PQ. LONDONDERRY.
Statoment of compllanc8
These finan¢ial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice appliFable to ¢harilies preparing their accounls in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharilies
SORP IFRS 10211 and the Charities Act 2011.
Accountlng pollcl•s
Ba$ls of preparation
The financial slalemenls have been prepared on the historical cost basis, as modified by the
revalualion ol certain financial assets and liabilities and investment properties measured al fair
value Ihrough income Of expenditure.
The financial $tslemenls are prepared in sterling, which is the functsonal currency of the entity
Golng concern
There are no material uncertainlie3 about the charity's ability to ¢onlinue.
Judgemènts #nd koy sources of estlmatlon un¢•rtalnty
The preparation of the financ￿1 slalements requires rnanagemenl lo make judgements,
estimates and assumptions that affect the arnounls reported. These e51imales and judgernents
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed lo be reasonable under the circumstances.
Fund accountlng
Unreslricled funds are available for use al the discretion of the tfuslees lo further any of the
charity's purposes.
Designated funds are unrestricted fvnds earmarked by the trustees lor particular fLrture project or
cornmitmenl.
Restricted fvnds are subjected lo ￿$triCt10n$ on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes.. reslricled Income funds or
endowment lunds.

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Ststements (conllnu•d)
Year ended 31 December 2023
Ac¢ountlng pollcles (conllnued)
Incomlng resources
All incoming resources are included in the statement of financi81 activities when entitlement has
passed lo the charity., il is probable that the economi¢ benefits asso¢iated with the transaction
will flow lo the charity and the amounl be reliably Measured. The following specffjc policies
are applied lo parb'cular calegories of income..
income from donations or grants is recognised when there is evidence of entillemenl lo the
gift. receipt is probable and its amount can be measured reliably.
legacy income is re¢ognised when receipt is probable and entillemenl is established.
income from donated goods is measureé at the fair value ol the goods unless this is
impractical lo measure reliably. in which case the value is derived from the cost lo the donor
or the eslimaled resale value. Donated facilities and service5 are recognised in the
accounts when received if the value can be reliably measured. No arnounls are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised wrth the delivery of the
contracted seryice. This is classified as unreslri¢led ftjnds unless there is a conlraclual
requirement for il lo be spent on a parttcular purpose and returned if unspent, in which case
il may be regarded as reslricled.
Resources expended
Expenditure is recognised on an accruals basis as a Iiabllity is incurred. Expenditu￿ includes any
VAT which cannot be fully recovere(I, and is classified under headings ol the slalemenl of
financial activities to which il relates..
expendilLtre on raising funds includes the co$15 of all lunaraising a¢livilies. events,
non•charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all ¢osls In¢urred by a charity in undertaking
activities that further ils charitable aims for the benefit of ils beneficiaries. including those
support costs and costs relating lo the governance of the charity apportioned lo charitable
activities.
other expenditure includes all expenditure that is neither related to raising fund$ for the
charity nor part of its expenditure on charitable activities.
All costs are allwaled lo expendilufe categories reflecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly to that aelivity. Shared costs are apportioned
behveen the activities they COAlribule lo on a reasonable. justifiable and consistent basis.
Flnanclal Instruments
A financi81 asset or a finanaal liability is recognised only when the charity becomes a party to the
conlraclual provisions of the instrument.
Basic financial instruments are initially rewnised at the amount receivable or payable including
any related transaction cosls.
Current assets and current liabilities are subsequently measured al the cash or other
¢onsideralion expected lo be paid or ￿ceived and not discounted.
10

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Ststements i¢tsntlnu•d)
Year ended 31 December 2023
Accountlng pollcles (contlnu•d)
Flnanclal In8tfumènt$ 1¢gniinuad)
Debt instruments are subsequently measured al amortised cost.
ere investments in shares are publicly traded or their fair value can otherwise be measured
reliably. the investment is sybsequenlly measured al fair value with changes in 18ir value
recognised In in¢ome and expenditure. All other such investments are subsequently measured al
cost less impairment.
Other financial instruments, including derivatives. are initially recognised at fair value, unless
payment for an assel is deferred beyond normal business tems or financed at a rale of intere51
that is not a market rate, in which case the asset is measufed al the present value ol the future
payments discounted al a market rale of interest lor a similar debt inslrumenl.
Other financial instruments are subsequently measured al fair value, with any changes
recognised in the statement of financial acts"vities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assels that are measured at cost or amortised cost are reviewed for obje¢live evidence
ol impairment al the end of each reporting dale. 11 there is obje¢tNe evidence of impairment. an
impairment loss is recogni5ed under the appropriate heading in the statement of finan¢ial
activities in which the initial gain was recognised.
For all equity inslrumenl$ regardles5 of swnificance. and other financial assets that are
individually significant. these are assessed individually for impaimenl Other financial assets are
either assessed indiv##ually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previousty been recognised.
Deflned contrlbutlon plans
Contributions to defined conth'bulion plan5 are recognised a$ an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset lo the exlenl
that the prepayment will lead to a reduction in fvlure payments or a cash refund.
en contributions are not expected lo be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service. the liability Is measured on a
discounted present value basis. The unwinding of the discourtl is recognised 35 an expen$e in
the period in which il arises.
Donatlons and legacle8
Unreslricled
FLtnd$
Restricted Total Funds
Funds
2023
Donatlon$
General Fund
Gift aid tax
Project- Camp Piruque. Chile
46.905
2,798
46,905
2,798
33,140
33.140
49,703
33.140
82,843
11

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Statements leonllnu•dJ
Year ended 31 December 2023
Donatlons and legacle8 Icontlnu8
Unreslrithd
Funds
Restricted Total Fund5
Funds
2022
Don4tlon8
General Fund
Gift aid lax
Project - Camp Piruque, Chile
29.834
1.618
29,834
1,618
31,452
31,452
Investment Incomo
Unrestricted Total Fund¥ Unreslricled Total Fund5
Funds
2023
Funds
2022
8ank interest received
139
139
13
Expendlture on charftable actlvFtle8 by fund type
Unreslricled
Funds
Restricted Total Fund8
Funds
2023
Support costs
42,490
33.003
75,493
Unreslricled
Funds
Reslricted Total Funds
Funds
2022
Support costs
36,796
36,796
Expenditure on charltable actlvltles by actlylty type
Supwrt ~otal funds
costs
2023
Total ftjnd
2022
Ravens support IUSAI
Camp Piruque, Santiago, Chile
Governance costs
3,600
33,003
38,890
3.600
33,003
38.890
3,050
33,746
75.493
75.493
36,796
Analy818 of 8UPPOrt costs
Analysis of
support Costs
activity 1 Total 2023
Total 2022
Staff costs
31,688
31,688
29.272
12

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financlal Statements (conrinu¢d)
Year ended 31 December 2023
Other expendlture
Un￿stricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Travel & accomodalion costs I
928
928
4,508
4,508
10. Staff costs
The lolal staff costs and employee benefits for the reporting period are analysed as follows..
2023
2022
Wages and salaries
Employer contributions to pension plans
29,772
1,916
31,688
26,716
1,742
28.458
The average head eounl of employees during the year was 112022.. 11.
No employee r￿1Ved employee benefits of more than £60,000 during the year12022. Nill.
11. Trustee remuneratlon and expenses
No remuneration or other benefits from empkjymenl wilh the charity or a related entity were
received by the trustees
12. Penslons and othor post rotlrement beneflts
Deflned contrlbutlon plan¥
The amount recognised in income or expenditure as an expense in relatson to defined
contribution plans was £1,91612022'. £1,742).
13. Analysls ol charltable funds
Unre8trlcted funds
Al
1 January 20
23
At
31 Decemb•
r 2023
Income Expenditure
General Fund
33.621
49.842
143,418)
40.045
At
1 January 20
22
Al
31 December
2022
Income Expenditure
General Fund
43.460
31,46S
141,304}
33,621
13

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Statsments fconiintmLIJ
Year ended 31 December 2023
13. Analy818 of charltable funds {conllnu8dJ
Re8trf¢tèd fund$
At
l January 20
23
At
31 Decembè
r 2023
Income Expenditure
Projecl- Camp Fund
33.140
133.0031
137
Al
1 January 20
22
Al
31 December
2022
Income Expenditure
Project- Camp Fund
14. Analy858 of not a$s¢ts ￿tween funds
Unreslricled Total Fund8
Funds
2023
Currenl assels
40,045
40.045
Unrestiicted Total Funds
Funds
2022
Current assets
33,621
33,621
15. Analy818 of ¢hange$ in not debt
At
1 Jan 2023
At
ash flows 3109¢ 2023
Cash al bank and in hand
33,621
6,561
40,182
14