CHARITY REGISTRATION NUMBER.. 260812
GOSPEL MISSION OF SOUTH AMERICA
Unaudited Financial Statements
31 December 2024
CATHERINE CRUDDEN ACA
Chartered accountants
23-25 Darling Street
Enniskillen
Co Fermanagh
United Kingdom
BT74 7DP

GOSPEL MISSION OF SOUTH AMERICA
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of f5nancial position
Slatement of cash ftows
Notes to the financial statements

GOSPEL MISSION OF SOUTH AMERICA
Trustses, Annual Report
Year ended 31 December 2024
The Iruslees present their report and the unaudited financial statements of the charity for the year
ended 31 December 2024.
Reference and admlnlstratlve detalls
Registered charfty name
GOSPEL MISSION OF SOUTH AMERICA
Charity registration number
260812
Prlnclpal offlce
8 CALMORE PARK
TOBERMORE
MAGHERAFELT
CO LONDONDERRY
BT45 5PQ
The trustees
Mr5 D Hall
Rev P Acheson
Mr R J Crozier
The current Trustees are as follows'.-
Rev. Paul Acheson
Mr Joseph Crozier
Mrs Daphne Hall
Independent examiner
Catherine Crudden ACA
23-25 Darling Stmt
Enniskillen
Co Fermanagh
United Kingdom
BT74 7DP

GOSPEL MISSION OF SOUTH AMERICA
Trustees, Annual Report (continued)
Year ended 31 December 2024
StructUTe, governance and management
Gospel Mission of South America Trust
Registered Charity no. 260812
Main contact.. Mr Nigel Kissick
Address". 8 Calmore Park
Tobermore
Magherafelt
Co. Londonderry
BT45 5PQ
Trustees
The current Trustees are as follows'.-
Rev Paul Acheson
Mr Joseph Crozier
Mrs Daphne Hall
SlruclurelGovernancelManagement
Gospel Mission of South America Trust is a foreign missionary agency operating in the UK as an
unincorporated institution governed by ils Trust Deed of 16th February 1970 upon which il was
registered as a charity in the United Kingdom on 9th April 1970. Our serving Trustees are people who
have a distinctive Christian testimony and a desire to be involved in advancing the Christian message,
particularly in the regions in which GMSA operates, they may also have relevant knowledge or skills to
be able lo to keep abreast of the requirements of managing a charity in the UK. To assist the Trustees
a UK Boardl Council has been estsblished made up of Pastors and interested Christians whose unpaid
role is to provide counsel and assistance lo the Trusleeslmission as well as oversight and promotion in
the UK.

GOSPEL MISSION OF SOUTH AMERICA
Trustees. Annual Report (conllnued)
Year ended 31 December 2024
Objectives and activities
Objectives and Activities
The charitable objectives upon which the Mission is registered by the Charity Commission include
general charitable purposes. the prevention or relief of povety & religious activities. Our key activity is
in the promotion 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 it'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-truslee appoinlmentl. During the period of these accounts
{January - December 20241. 97 deputstion visits have been undertaken lo churches and mission halls,
reaching an audience of approximately 6638 persons. with 9967 miles tr8velled.
The activities by which the charitable objectives are advanced in South America remain unchanged
and are Ihree-fold'.- 1. Planting of local churches which are developed and graduated lo nation81
leadership 2. Bible Inslilule training which is designed lo train leaders for existing churches as well as
for churches that are about lo graduate and need national leadership and we have 4 such places in
South
America, with a number of students studying for 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 chur¢h and non-church backgrounds.
As a Mission, we have a number of men & women of various ages and skills, willing lo help in building
projects in the three countries we seNe. These volunteers who travel lo South America al their own
expense. bring practical skills which make il possible to build andlor improve, lat less costl. the GMSA
facilities available for the well~being of the local community, who will benefit from their use.
Public Benefit Statement
The Trustees confirm that the work of the Mission has regard lo the public benefit requirement uinder
the law, and that none of the Trustees receive any private benefit for carrying out their Trustee role.
Achievements and performance
The charity has contr'nued spreading the gospel messagelGood News in all three countries in which it
operates, helping and encoufftging people to make good life-style choices that will also improve their
moral. social. mental and physical well-being.
Financial review
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 2024, our income was £51489 with expenditure of
£53620. The income is used lo support the work of making the Mission known across the UK and
Ireland through deputation meetings, covering relevant goveranceladministmtion expenses and if
relevant funding specific projects. In the 2024 year, we donated £1000.00 to Mr & Mrs Tom Gibbons to
help with their Iravel cost5, £4100.00 lo help support Mr & Mrs D Raven,our USA HQ Office workers
plus we also allocated £1660.00 lo the dwvelopmenl of the Chivicoy camp centre in Ar9entina. We are
grateful to the Lord and a51 those who support the Mission financially for enabling us to continue with
the the work, during what has generally continued to be a period of financial un￿rtainty and instability.
We do not have a formal policy for holding reserves. any surplus that arises in a particular year is
simply earried over into the following year

GOSPEL MISSION OF SOUTH AMERICA
Trustees. Annual Report (contlnuedj
Year ended 31 December 2024
Plans for future periods
In looking forward lo 2024, and recognising an ever changin9 world situation with many practical,
financial and spiritual challenges, it is the intention of the Trustees lo seek lo maintain the witness of
the Mission. and with God's enabling see il's influence grow, so that it may be more widely known
across the UK and Ireland. From a practical perspective, we are planning to take a work team to
Radal, Chile,. the intention is to add a new timber-frame structure to the lo¢al church there. lo include a
Church HalllSL¢nday School Room plus male and female loilels.
The Iruslees, annual report was approved on 2 September 2025 and signed on behalf of the board of
trustees by..
Mrs D Hall
Trustee

GOSPEL MISSION OF SOUTH AMERICA
Independent Examiner's Report to the Trustees of GOSPEL MISSION OF
SOUTH AMERICA
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of GOSPEL MISSION OF
SOUTH AMERICA I'the charity'l for the year ended 31 December 2024.
Responsibilities and basis 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 Acri.
I report in respect of my examination of the charity's financi81 slalemenls carried out under section 145
of the 2011 Act and in earrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 14515llbl of the Act.
Independent examlner's statement
I have completed my examination. l eonffrm that no material matters have come to my attention in
connection with the examination giving me eause to believe that in any material respect."
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
the financial stslements do not accord with those records., or
the financial slalements do not comply with the applicable requirements concerning the form
and conlenl of accounts set out in the Charities (Accounts and Reportsl Regulations 2008
other than any requirement that the accounts give a 'true 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 connects'on with the examination to
which attention should be drawn in this report in order lo enable a proper understanding of the
accoun15 to be reached.
cc.
Catherine Crudden ACA
Independent Examiner
23-25 Darling Street
Enniskillen
Co Fermanagh
United Kingdom
BT74 7DP
2 September 2025

GOSPEL MISSION OF SOUTH AMERICA
Statement of Financial Activities
Year ended 31 December 2024
2024
Unrestricted
funds Totsl funds Total funds
2023
Income and endowments
Donations and legacies
Investment income
51.019
471
51,019
471
82,843
139
Total income
51.490
51,490
82,982
Expenditure
Expenditure on charitable activities
Other expenditure
Total expenditure
46,502
7.118
46,S02
7,118
53.620
75,493
928
53,620
76,421
Net (expendlturellincome and net movement in funds
12,1301
(2,1301
6,561
Reconcillation of funds
Total funds brought forward
Total funds carried fonvard
40,182
40,182
33,621
38,052
38,052
40,182
The stslement of financial activities includes all gains and losses recognised in the year.
l income and expenditure derive from continuing activities.
The notes on pagès 9 to 14 form part of these financial ststements.

GOSPEL MISSION OF SOUTH AMERICA
Statement of Financial Position
31 December 2024
2024
2023
Note
Current assets
Cash al bank and in hand
38,052
40,182
Net current assets
38,052
40,182
Total assets less current liabilities
38.052
40,182
Funds of the charity
Restricted funds
Unrestricted funds
137
40,045
38,052
Total charity funds
13
38,052
40,182
These financial statements were approved by the board of Iruslees and authorised for issue ort 2
September 2025, and are signed on behalf of the board by..
Mrs D Hall
Trustee
Thè notss on pages 9 to 14 form part of these financlal statements.

GOSPEL MISSION OF SOUTH AMERICA
ststement of Cash Flows
Year ended 31 December 2024
2024
2023
Cash flows from operating activities
Net lexpendilurellincome
12.130)
6.561
Adjustments for..
Other interest receivable and similar income
1471)
12,601)
11391
6,422
Cash generated from operations
Interest received
471
139
Nel cash (used inllfrom operating actNilies
{2.130}
6,561
Net Idecrease)Ilnerease in cash and cash equivalents
Cash and cash equivalents at beginning ofyear
Cash and cash equivalents at end of year
{2.130}
40,182
38.052
6,561
33,621
40,182
The notes on pages 9 to 14 forni part of these financial statements.

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Statements
Year ended 31 December 2024
General information
The charity 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.
statement of compliance
These financial 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 applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities
SORP {FRS 102}l and the Charibes Act 2011.
Accounting policies
Basls of preparation
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial 8ssels and liabilities and investment properties measured at fair
valLJe through income or expenditure.
The financial statements are prepared in sterling, which is the fiJnction81 currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to eonlinue.
Judgements and key sources of estlmatlon uncertalnty
The preparation of the financial statements r4uires management lo make judgements,
estimates and assumptions th8t affeet the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other f8clors, including expectations of
fiJlure events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unreslricled funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes.. restricted Income funds or
endowment funds.

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Statements (contlnued)
Year ended 31 December 2024
Accounting policies {¢ontinued)
Incoming resources
All incoming resources are included in the slalemenl of financial activities when entillemenl has
passed to the charity," il is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement lo the
gift, receipt is probable and its amount can be measured reliably.
legacy income 15 recognised when receipt is probable and entiuemenl is established.
income from donated goods is measured al the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated facilities and seTV1￿$ are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of servi￿$ is recognised with the delivery of Ihe
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for il lo be spent on a particular purpose and returned if unspent, in which ease
il may be regarded as reslricled.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the stslement of
financial activities to which il relates..
expenditure on raising funds include5 the costs of all fundraising aclivilies, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activib'es includes all costs incurred by a charity in undertaking
actsvities that further ils charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories ￿fleCtIng the use of the resource. Direct costs
attributable to a single acb'vity are allocated directly to that activity. Shared costs are apportioned
between the acts'vilies they contribute to on 8 reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty lo the
contractual provisions of the instrument.
Basic financial instruments are initially recognised al the amount ￿CeiVable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
10-

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Ststements (contrnueLI)
Year ended 31 December 2024
Accounting pollcles (wntinued)
Financial instruments (eontinued)
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured al fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other ftnancial inslrumenls, including derivatives, are initially recognised at fair value, unless
payment for an asset Is deferred beyond normal business terms or financed al a rate of interest
that is not a market rate, in which case the asset Is measured al the present value of the future
payments discounted at a market rale of interest for a similar debt instrument.
Other financial inslTuments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, wrth the exception of hedging instruments in
designated hedging relationship.
Financial assets that are measured al cost or amortised cost a￿ reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objects've evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the ba81$ of similar credit risk characteristics.
Any reversals of impairment are ￿ognIsed immediately, to 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 previously been recognised.
Defined contrlbution plans
Contributions lo defined contribution plans are recognised as an expense in the period in which
the related service Is provided. Prepaid contributions are recognised as an asset lo the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to 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 discount is recognised as an expense in
the period in which it arises.
Donations and legacles
Unrestricted
Funds
Reslricled Total Funds
Funds
2024
Donations
General Fund
Gift aid tax
Project- Camp Piruque. Chile
49,204
1,815
49,204
1,815
51,019
51,019
11

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Statements (¢on&nued)
Year ended 31 December 2024
Donations and legacles (contlnoed)
Unrestricted
Funds
Restricted Total Funds
FLJnds
2023
Donations
General Fund
Gift aid tax
Project- Camp Piruque, Chile,
46,905
2.798
46,905
2,798
33,140
33,140
33,140
49.703
82,843
Investment income
Unrestricted Total Funds Unreslricled Total Funds
Funds
2024
Funds
2023
Bank interest received
471
471
139
139
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Activity type 1
SupFX)rt costs
2.660
43.842
2,660
43,842
46,502
46.502
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Activity type 1
Support costs
42,490
33,003
75,493
75,493
42,490
33,003
Expenditure on charitable activities by activity type
Activib'es
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Activity type 1
Activity type 2
Activity type 5
Governance costs
2,660
2,660
3,750
679
39,413
46,502
3,750
679
39,413
3.600
33.003
38.890
2.660
43,842
75.493
12-

GOSPEL MISSION OF SOUTH AMERICA
Notes to'the Financial Statements (continued)
Year ended 31 December 2024
Analysis of support costs
Anatysis of
support costs
activity 1 Total 2024 Tol812023
Staff costs
32.960
32,960
31.688
other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Travel & accomodalion costs
7,118
7,118
928
928
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Employer contributions to pension plans
33,584
2,036
35,620
29,772
1,916
31,688
The average head count of employees during the year was 1 12023.. 1).
No employee received employee benefits of more than £60,000 during the year12023'. Nill.
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the Iruslees
12. Pensions and other post retlrement beneflts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £2,03612023'. £1,916).
13-

GOSPEL MISSION OF SOUTH AMERICA
Notes to the Financial Ststements (wntlnuedj
Year ended 31 December 2024
13. Analysls of charltable funds
Unrgstricted funds
At
1 January 202
At
31 Decèmber
2024
Income Expenditure
General Fund
40,182
51,490
(53,620)
38.052
At
1 January 202
At
31 December
2023
Income Expenditure
General Fund
33,621
49,842
143,4181
40,045
14. Analysis of net assets between funds
Unreslricled Total Funds
Funds
2024
Current assets
38,051
38,051
Unreslricled Total Funds
Funds
2023
Current assets
40,045
40,045
15. Analysis of changes in net debt
At
Al 1 Jan 2024 Cash flows 31 Dec 2024
Cash at bank and in hand
40.182
12,1301
38.052
14-