Charlty Règistratlon No. 285474 (England and Wales)
Company Regi5tr4tlon No. 01648879 (England and Wal951
Company Reglslratlon No. SC040681 IS¢otlandl
LUIS PALAU EVANGELISTIC TEAM (THE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

LUIS PALAU EVANGELISTIC TEAM (THE)
LEGAL AND ADMINISTRATIVE INFORMATION
Dlrèctors
MrSFMBerry
Mr D G Ma¢k$nzS$
Mr A L Palau
Mr K D Palau
Lady S M Sain8bury
Mr M R Spratt
Mr D J Stephenson
Mr B R Griffllh$
Resigned 20 Nov6mb9r 2023
Appolnted 27 April 2023
Charlly number
285474 IEngland and Wale¥l
Charlty numb*r
SC040681 (Scollandl
Company number
01e48870 (England and Wale31
Prlnclpal address and roolslerttd otll¢& Ow8n House
Lilehopg Tr8lnliig C?nlre
Lillle Cornbow
Hale8owen
West Mldlands
B63 3AJ
Audltor
M T Manl8y & Co Llmlled
606 Yardlèy Wood Road
8illo¥ley
8irmingham
B130HY

LUIS PALAU EVANGELISTIC TEAM (THE)
CONTENTS
Page
Dlreolor8' roporl
Stalomenl ¢1 direcl¢>r$ res￿n81b111Iie$
Indèpondenl audllors, report
Slalemenl of flnan¢l81 acllvi11$8
Iln¢luding In¢onie and Expendllure Accounll
Sa16nce sheet
Note8 to the Ilnsndal 8lalemgnl$
10-14

LUIS PALAU EVANGELISTIC TEAM (THE)
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 DECEIWBER 2023
Tlie directors who are also trustees ol the ¢hari18ble cornpany pre8enl their rep(>rt 8nd finan(#al sl8lÉments for
th8 y88r ènd$d 31st De￿rnber 2023.
The financial slateiM8nts hav8 beèn prepared in a¢cordan¢g willi th¢ accounting policies sgt out in note 1 to the
finin¢ial statements and Comply with 1118 charity's governing docLimenl, ltte C¢mpanles Act 2006 and the
Slatenienl ol Recommended Pr3Ctice, Aceounling and ReFQrtino by Chai511&9'. issu&d ii) March 2005. in
accoi'dan¢e with thè Financial Fleporllno Slandard applicable in th8 UK and Ropublio ol Ireland IFRS 1021.
Slructure, Governance and Management
Th& charitable Company is ¢onlroll$d by the governlng document. th8 memor8mdum and artsclas ol the chaiitable
comp8ny, and ¢on8lllulea a charitable conipany limited by guar8nlee, as defi'ned by the Comp8nle8 Act 2006.
Thor9 wère oiol)I diroctors who served during the y9ar and sevén in office al 31 D8ceniber 2023 and Iha$e are
listed on IhFJ Informatlon page ol IheBe Ilnandal statemanis.
Tlie ouarenl8e of tho dlre¢lors 1$ limlled to £100 each wh1181 Iliey arg a member and lor Iwelv* monlhs after
cea8ing lo bts a n￿Mb$r.
Accordino to Ilia Aillcleè ol Assoclatlon thera musl be a mlnlmLim of IhTee dSrecl¢r3 wlth 8 m8xlmum of fftlvè.
Acldilional difeclors may be appoinled by 11)e existing direelors through a pi'ocess of the board n)eellng wllh a
proBpecllve director to assesB Ihelr $Lillabillly lor Ihg rolg laklng into conslderallon Ihelr 8xperlèncè and 8kill8, as
Wo114s prtsvldlng Inftsrmallon about tha work ol Ilie ¢h8ril8ble company.
Upon appolntinanl the naw dlroclor 16 provided with informslion Including prgvlou$ 8l&lulory and qLiorl8rly
accouiils, minutes ol recent board fflegllnus, delalls Ol upconiinu cho1ileb1e cornpany's 8venls, and 18 also
providgd wilh guidanc¢ do¢Lim?nts produ¢*d by tha Cliarlty Corninlssion.
Rlsk Manag¢mont
There are iwo rnalor I'i$k8 idgnlilied,. rellancè on kay Sndlvidu81s ènd ol uift incoma balno Iiisufficient lo Inagt
expÈndllure. Thèsa two rlsks Rre IMi(Igated by carrying out docunientallon ol all pr¢ces8edloperalional delalls, by
Ilie board r9ceivino quarterly financial ni8nagetn8nt reports, &s well as th8 tèam conllnuino to gddiass th
iiiciea8e of glll income by oddllion81 fundral$lng 8nd In¢rgaslng Iho support base.
Obj6¢tives and Actlvltles
Tho principal aclivily of 11)e eharitable conipany 18 to advance the Ev8ngeli¢al Chri8llan Faith in the Uniled
Kliigdom and Iliroughout thè whole world by such nioans as Ilie ¢otnpe4ny delem?ines.
Vbslon
Th6 Luis Palau Association s vision is lo UnSte the Church, Proclaim the Gospel and Transform citles worldwde.
Public benpfit:
The directors Conllrm that they have rèferrèd lo thé Charlty Commls8ion's gpeeific yuldanc& lo eharititss on th8
piiblic benefit for the advancernenl of rellgion and wll ¢onllnuè lo do $0 wh$n IEvlowlnu oblecllves and a¢llville$
85 w&ll as pl8nning oharilable activities.
Thg diiBclor5 ar& ¢onll¢enl that enabling Christians End Chrislian Commiinilies lo share the love of God seen in
Ilie life ol Jesu8 Christ, and in pi'omoling the whole mi8slon of the Chrlsllan faith will be for the benefll of many.
TIE I"esulls of this activity Ele g spldtual blessing ol en inner peace and grealer sense ol purpose in the lives of
indivldu81s, and a harmony Ènd rèconcilialion proesss in fRmilies and comrnunilie8.

LUIS PALAU EVANGELISTIC TEAM (THE)
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢hievements and Performance
Globally we have reached ovèr 13 milllon peoplè and seen morè than 3.1 million psople indicate a d80ision for
Jesiis Ghrisl in 20231 Th8 past year we hav6 been working on..
Evangellsllc festiv818 in Lalln AinericÉ. UK, USA. Africa £n(I 11)e Middle EaBt
Thousaiids ol churches unil¢d in oulrèacl) Iniliallv$$.
2,822 Global EvanoelS51.4 parlneied and equipped,
Millions ol people re£ch$d through digital medla.
Evongeli$m team8 over 40 countrles
UK Festlvals..
TI7foLigli 2023 and 2024 we are working on a similar ragion.wide campaign oalls(l Fe&livèl Tee881de w¢ have
be&n invited by thè churcl)88 of tho reglon lo sgrve 11)om to unlle the ¢huroli, Iro5n Clir1811an$ In fr18nd81iip,
8vano8li8m an(1 pro¢laiin 11)$ GospÈl across tl)g region.
UK Clly Gospel Movemènts..
Evangelisir doasn'l h&ppgn by dèfoult, ofter de¢8dè3 ol hosllnu lestivalB In cllies ai'ounty ttie world w& have
lsarned Ih?I will)(>ul local leadeiB' su81ainecl 10¢11s on evangelism. illomentum will alropliy 170 Inaller l)ow
$n?rgeli¢ a leslival may have been. Th¢refore, we ai'& passlonal• about OLir onooSng work Ilirouuh City G08pg1
Movements.
In 2023 w6 saw our firBI Evangelism 10am8 launched In Ilie UK, T11888 1•8m8 are forrned ol local leadèrs who
¢h008e lo prloi'lllBe evang8li8m and loge1118r crg81è a lono-lerm glralegy lor lasting Iiiipacl and transformat1￿1.
We ar8 worklng wlth soirn of th8 1JO unity groups sn the UK as o Iiey parlntrr ol Ilie Galliei, Nelwork and now
wllh Karos connècllon in 8 $118red Clly Reachiiig parln¢i'8liip. We conilniie lo be the 'go to, orgaiil801101) lor
evangelisin for IhDSg nalworks of churcl) Linily oroLlPS. Wo are also eonliiiulng lo L7e pail of the Talklng Jèsu$
R98ear¢h parlnership ¢oiilribullny lo 11)e late81 Talklno J85us R69earcl) IB8ource$ and tool8.
The Global Network of Evangellsts..
The Global Network of Ev8ngeli8t8 e¢nllnue$ lo grow alid develop. wllh 3000+ niembers globally In 2023. We
are now supporting 72 rnembers in the UK and ELifop$ and raoularly nieet Iliain lo encourage, eciLllI) 81)d
coordinala ¢ollaboialive mlssion looelher. In 2023 we ai'g lèd 8 uiiillod oiilreacl) across London with l)undreds of
8vanoeli8ts coll&bor81ing and focusln9 011 ov•ngeli8in across Ilie oapit81 88 1)Mrt of Ilie w$ek of Ilia Kings
Coronation.
WÈ were a180 invited to Inany national lÈaderg' galheriiigs IioiTr across 11)9 UK and Europe where we plai)n8d
slialerjies for l)ow lo l)esl I'éac17 the I'esl of Europe with t1￿ Go8￿1 over the next 10 y80rg, so Ilial by 2033 every
peopl8 group would h8ve heard the Gospel. Tl)is work contliiueg into 2024. Wè ￿11 be spttnding $01iig tinie Ihls
year 8upporling cl)ui'ches 8nd 168ders in &8$lern Evrope in (lie regions 4round Ukraiiie ar7d Ilie Baltlc nations.
We wlll introdLiee tl)etn lo oiir n91woi'k ol evanueligls eind siiijporl Iham Ihrr)Ligh I'e$oiir¢.o8 And .4liali3018s for
nifi&d outreach work. Tl)rough 2023 we led leacl)Ing 8essions al $9verEI conferences a￿1 galherli)o$ acroq8
EurDpe with more pl&nned lor 2024.
Flnanclal Revlèw
The accounts lor thi$ yeer, and the charitable companls fln8nclal po$lllon ag at 31 De¢emb8r 2023 are shown in
the attached financi￿1 slalemsnts.
11 Is the policy ol the cherit8ble company lo maintain unrestricted liincls (the free ￿serVes1. This 15 clirrenlly Set
by the dii'ectors at £45,000 which is duly eonsiderEd lo be Ihtr ainount requir$d to cover the es111￿al￿d co$ls ol
cltssing the cliailly il 11)e need artsse, as woll as meeting ilie workiny capital rgquiremenls of th2 oharily, Thls
pdi¢y is reviewed annually by Ilie board.
Unreslrlcled funds Idonallons not reslrlcled for a specific purpose L)y the doner. not indLided in lixed 8s$els and
not d69ignaled by the board) a$ 0131 D$¢ember 2023 were £93.42012022.' £97.2201, over double the res¢rvo$
poliey al lh6 year end lo ba ulilisgd in supporting th¢ ongoing ministry in lulurg years.

LUIS PALAU EVANGELISTIC TEAM (THE)
DIRECTORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Audlttsrs
A resolution proposing that M T Msnley & Co Llmilod be reappointed as audltor8 ol Ilie cl)ai'itablè wmpany will
b& pul to th¢ mernbers al a Gener81 M881ing.
Appr¢wed by ord81 of Ihg bo&rd ol directors On ..0
and 8lgnÈd on it's bahall by
Mr S F M B8rry- Director

LUIS PALAU EVANGELISTIC TEAM (THE)
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The dlre¢lor8 (who are 81so trustees ol Lui8 P81ou Evangeli811c Team IThel for the purpos$8 of charity lawl
are responsible for preparing the Dirgclors, r$porl and Ilie financial slalem6nl8 in accordance with
pplicable law and Unlt8d Kln9dom Accounting Standards (United Kingdom Generally Accepted Accounting
Pr8clicel.
Th& Chariti98 Act 2011 rpquires the directors lo prèpare finan¢ial 81alemonl$ for 6aeh financlal yoar which
give a true and lair view ol thp 81ale of affairs ol Ilie chaiitab18 ctsmp8ny and of 1118 in¢ominG IE$our¢e$ and
application ol re$tsurces, Includino the in¢ome and 0Xpe￿IlUre, of the eh8ritable company lor that periocl.
In preparing 11)ese financial 8lalemanls, th* dlreolor$ 8re reqLiired lo..
$elect 3uilable 8ccounlinu poli¢ies and Ili?n apply 1118m corisl$l•nlly'.
observe Ilie mèthods and principl88 In the Charities SORP.,
make judggments Énd gslln)ales Ihol are r9080nable and prudgnl,
preparo 11)e financial statement$ on tho golng ¢one&rn basi8 unle8s il 1$ Inappropi'lalts lo presuni¢
Ilial the cli8illable ctsmpany wll conlinug In op$r•ts'on.
The directors 8r8 re8pon8ibl• for kéeplng prop$r accoLinling ro¢ordB wlilcli dls¢lc*se wllh reasonable
a¢curacy al any Ilme Ilia flnanci81 posltion ¢>1 the cliarilable company and lo enablè Ih8rn lo ensure Iliat the
flnonci81 s181einenls coniply with the The Cliarili&s Att 2011, the Charit188 and Trustee Inva8lm¢nl
Iscollandl A¢1 200J and the Charitle8 Accounts (Scollandl Regul8llons 2006183 amended). They al'e also
rè8pon$ible lor $afeouording th$ ass61s ol th8 ch8rllable company her￿8 loi laklng regsonabte 8lep8
for the pr&venlion £nd d$lecllon ol IraLid and other Irr&gularillgs.

LUIS PALAU EVANGELISTIC TEAM (THE)
INDEPENDENT AUDITORS. REPORT
TO THE DIRECTORS OF LUIS PALAU EVANGELISTIC TEAM (THE?
Opinion
We have audit611 tl)e financial statements ol LUIS PALAU EVANGELISTIC TEAM (The) Ithe 'charilable
coinpany'l lor the y¥ar ondett 31 Decembor 2023 whlch compflse the Sialemgnl of Flnancial Adlvi11gS
lincorporaling Ilie Ineome and Expendilure accounll. the Balance Sheet, notes lo the financial statements
including siunilicant accountirKJ policies. The linanaal reporting framework that has bgen applied iii Ihoir
preparatlon is applicable law and United Kingdom Accoui7ting Standards, includinE Financial Reporting
Slandai'd 102 The Firiancigl Reporting Sl8ndaTd applicable in the UK and RepLiblic of Ire18nd IUTlited Kingdom
Generally Accepted Accounting Pra¢ticel.
In oiir opinion. Ilie linai)cial slatèm6nl$.'
give a true and falr vl*v ol the slate of Ili? ¢ha¥llable ¢ornpany's affairG as at 31 December 2023 and ol it8
Iiiwining ie80urce5 and 8pplicallon al re50urees including ils income and expenditure, for the year then ended,,
liave been properly pi'epare(J In •¢coi'dan¢e wblh UnS16d Kingdom Generally Accepted AccoLinting Practl¢e',
ai)d
havg been prepared in accordance willi the r9quiremenl$ tsl the Compani99 A¢t 2006. tho Cl)8rilies ond
Tru$lo0 Inv*$tm¢nl ISetsll4ndl Act 200S and regLilalion 8 01 the Cliarllle8AcooL￿ts Isaollandl Reoulalion 2006.
Bas15 for oplnlon
W8 conducted OLir audit in ac¢ordanee with Inlernalion81 Standards on AL¢dillng IUKI IISAS IUKII and applicable
law. Our responsibilllies under those slandar(Is ar& further descrlbed In the ALidilor'$ respon8lbillli&s lor tho gudll
of tl)e linancial slaleinenl$ sé¢llon of our report. We a18 ind8P8ndenl ol th8 company in 8ceord8nce with Ihe
elliical requii'eirenis that are relevanl lo our au(111 ol 11)e financial slalements In Ihg UK. in¢lLiding tho FRC'8
Elliical Standard, arid w8 have lulllll8d our other elhicol responsibilities In accordance wilh Iliese requiremgnl¥.
We l)elieve that Ilie sudll evldencs w& l)gvo oblalned Is eufficienl end approprièltt lo provide a ba81$ lor our
01)Inion.
Concluslons relatlng to golng concern
11) 8LJdlllng the financial $lalemon16, Wo hovè eonelud•d Ih*l th• dSroctor8' use of the o0Sry concern b8818 of
¢¢oiinlli)g in the preparation ol the Iin8n¢lal slaletnenis is appiDprlatg.
Ba$ed on the work we have perforrned, wtt hove not idant1fi9d any materi81 uncerlaSnlle8 reletlng to evon18 or
¢onditlons that. individually or collecliv8ly. may east slgnificanl doubl on the companlB ability lo conlinug a8 4
going concern lor a period ol 8110481 Iwglve I￿O￿th6 from when the finanoal $lal8inènts arè £iithorls8d for
Issue.
Oiir responsibilllie¥ and Iha r8sponsiknlilies ol thè dirèctorg Wth respect ID golnu ecn¢gm are descrlbed In the
relevant secllons of thi8 report.
Other Inlomiatlon
Tho other Informalion compri8es thè Infom)atlon Included In the ?nnu81 report. other Ilian Ihe financi81
slalemen15 and our audiloV8 report Iliereon. The direBlois' 41'e responsible lor the olhei, Information contained
willTrin the annual report. Olir opinion on the fi'n8nci818t&lèm6nts does not cover 1119 91her inlormatlon and.
gxcept lo th& 8xtenl oll)erwi88 explicilly staled in our report, WÉ do not expres8 any lorm ol assLirÉnco
oonclu$lon Ilieroon, Our I'esponsibilily 19 to read the otlier informstson and, in doing 80, consider wliothei. 8ny
olher inform81ion is materially inconsislenl with the financial stalemenlg or our knowledge obtained in Ilio audit,
or olhotwlse appears lo be niateilqlly misslalad. 11 we idenllfy such material inwnsislenci85 or app•rent
malerial misslaleinenls. we ars raquired lo determine whether it glves rise to a rn¥terlal Inisslatemenl in the
financial st8tè171eiils Ihamselves. 11, based on the work we have perloimed, we conclude that Ih8re Is a material
niis$tatemenl of this other inforrnatitsn, wo $r& required lo report this fact.
We h8ve ntsthii￿ lo report in this regard.

LUIS PALAU EVANGELISTIC TEAM (THE)
INDEPENDENT AUDITORS, REPORT (CONTINUED)
TO THE DIRECTORS OF LUIS PALAU EVANGELISTIC TEAM (THE)
Opinlon on otlier mattèr prescrib$d by th& Companles Act 2006
In our opinion. basèd on the work und&rl8ken in the course ol 11)e aLidit'.
Ihg informallon given in th& direelors, report for Ilie flnanclal year for wliich the lin8nci8161alomenls ar
piép8red is conslslent willi thg Iinancial 81alenienls,' and
thè directors, r8porl h86 been prepargd in ac¢tsrdan¢e with applicable18g81 reqLiiren)enls
Matters on whl¢h w• are roquirgd to r&porl by &xceptlon
In the light of the knowledgè and Linderstanding ol the charllablè coinp8ny and il's environment obtained in the
¢ourgè ol the alidil, wtr1i4ve nct Idenlifled malei'ial mi88talenienls in th8 dlraclors, raport.
We hav8 nolhlng lo report in r&spocI of th8 fDllowing mallers where 11)0 Companles Act 2006, th$ Cliaritle8 and
Ti'ustees Investment IScollandlAcl 2005 and the Ch8ri116s Accounts (Scollandl Règulations 2006 r8quire$ u8 lo
report to YOLI If. in our opinlon..
have been properly prepared In 8ccordan¢e wllh United Kingdom Generally A¢ceplecl Accountlng
Pr80lico', and
the a¢¢oun18 ara nol in agreomenl wllh the occounllnll recordg.. or
certain di$closure8 of dii'ectors, remuneration Bpedfiod by law ar6 not madè.. or
we liave not recelved all tlie ii)formalion and explanation8 we roqlilre for oui, Budll.
Responslbllltigs of dlre¢lors
As oxplaingd InDIE lully In thè dire¢lor8 slalamenl ol respon$lbilllle¥, the dlrocloiB, M4i0 a180 act 88 Iru81o09 lor
th6 charllablg acllvllies ol LUIS PALAU EVANGELISTIC TEAM (The), are responsible for th6 preparatlon ol11)e
occounls and lor boing salislled Ilial Ihgy giv$ a Ii'ua ancj 18lr view, and Ioi. SLicli Intsmal control 4s Iliè clirg¢101$
clel$rmine Is iiecoSS9ry lo enable the preparèllgn of linanelal 8lal8iNenls that ara fl'ee Iroin IMaléilBI
Inlssta18rnent, ￿7&th9r duÈ lo fraud or error, In preparlng Ili& fln¥ncial sl$lern&nls, the clireclor$ 1< ra I'gsponsible
foi. a3¥¢881ng the ¢1181'1table conipany'8 ablllly lo conlinLl& as a going concern b861s ol accounliiig Lll)les$ Ilie
directors, gllh&r intend lo Ilquidale 11)e ch8ril8ble company or c88s& operallons, or hav6 no reali$llc mga8urtr
8118rnallve bul lo dri 80.
Audltors r¢$ponslb11111è5 for th¢ audlt of Ihè flnanciol stat•menls
W@ have l)oen appoinlad as audilor under s¢¢lion 4411 Ilcl of the Ch&rllles and TrLisl¢e Inveslin¢nl Iscotlandl
Act 2005 8nd under the Companles House Act 2006 E)nd report In accoi'dgnce wlli the Ael8 8iid relevant
iegulallons madg or h@ving eff&¢t Ihei'aiindfrr.
Qlir objeelives 8rè lo obtain rÈ8sonablè asgurance about whelher the financi818lalèmonls as A whole are fi'ao
from material misstglemenl, wl)8lher due lo Iroud oi. ei'ror. and to Issuè an audllor's rèw)rl Iliat In¢lud&$ OLiI-
opinion. R8a$onablo as$uranco Is a higli level or assiiisnce bul not a guar8ntee that an audit conducted in
8ccorrJance wllli ISA$ IUKI wlll alw8ys dele¢1 a material nilsslateiiienl whèn il exlsl$. Misstatements ¢an arlsg
from fraud or error and ar@ considered material il, individually, or in the aggi'eg8le, they could reasoi)obly bè
expeoled lo influenc6 the econclmic cJecision8 ol user8 taken on th8 b8sl$ ol Iha$e finanei&l $18temgnlB.
Irregul•ri1198. inclliding fraud arè in81ai)¢¢$ clf non-compli8nc& wllli laws end reg(118lions.
We deslgn
procodures inline willi our respon51bllilies outllned above, lo detect malerlal mlsslal@nients In respect of
Irregularities inolLiding Ir2ucl, The exlenl to which our pi'ocedures OIE capaNe of d$te¢ling iri&gularitie8,
including fraud, is detailed beltsw.
We design oiir proc$(Jur8s 80 as lo obtain sufficient 8pproprial8 8udil 8vSdence thgt tho financial slalemènts ar8
not Inat8rially mi8s18led due to non-coinpliancs will) laws and regulat￿n5 or due lo fraud or error.
We ar& not rosponsible for pievenling non-¢omplianee and cannot be expeoled lo dèleol non-compliance with
laws alld regulations. this responsibility ligs with managgmÈnl wilh11i8 overgighl of the dlroctors.

LUIS PALAU EVANGELISTIC TEAM (THE)
INDEPENDENT AUDITORS, REPORT (CONTINUED)
TO THE DIRECTORS OF LUIS PALAU EVANGELISTIC TEAM {THEI
Based on oiir underslandlng ol the charilable company and industry and discussions with manao81l)8nt Wt3
identified financiBI reportiiig 51aiidards aiid Compani&s Acl 2008 08 h8ving a dirocl effect on Ilie amoLinls and
disclosur88 In Ilié financial 8lal8mènts.
As part ol the gngagement leaiii discussioii about how and where the ¢ompany'8 financial staleinenls may be
materially misslaled dLie to Ir£ucl, we did not idenlily any areas with 8n inci'eased risk ol fraLId.
Oui. &Lidil procèdLir•s inclLidad',
onquiry tsf nianagèm8nl abolit the ch8rilablè comp8ny'8 polici88, proc8dur88 and relal8d conlrolB regardino
etsmpli4nce wllli laws and rggulallons and il 11)ere are 8ny known inslan¢&8 of non.compllance
exoinining supporting doeuinènl$ for all material balan¢e8, Ir8n$aclions 8nd dis¢108ure8
r8view of board ol directors Ininutes
eiiqtiiyy ol management 811d review and Snspe¢llon ol I'&levanl ¢orrespondenc& with anylogal lirfti$
6V8lualion ol tha selaclion and 8pplicat￿n ol accounting PDlicie5 related lo subjectiv8 lll8a5urements and
coinplex transaclions
4nalyllcal procodui'e¥ lo idonllly aiiy unu¥ual or unexpe¢led rolalion$liips
t6$liiig thè appropri8t&n&s$ of journal antrias reeord6d in thè nominal l&dg8r and 011ior adjts$tMénl$ mado in
the preparation of th& liiiancial slalements
review ol accounting 831iniale6 for blases
Owin¥ lo Ilie inl)*renl linlilalions of an auilil, ther6 18 an unevoidablg risk that some nialerial Ini68lalemenls ol
Ilie fiiian¢lal slal&inenls iiiay not be delecl?oS, even Iliough the auilll 58 1)ruperly pl8nned and performed In
a¢¢ordaiice with Ilie ISA¥ IUKI,
The poteiilial effects of Inherent limitations are parlicii18rly signili¢anl In the case ol rni8slatginenl re311lling froni
ri'aud L)e¢au8e fraud may involve $opl)lslical$d and caialully organized gchemeG (Jesigned lo conceBI 11,
iiicILiding ddiber&lè l&lluro 10 I'ècord Ii'aneactions, collii6ion or Intentional mi6repre6enlElion3 belng niade to u8.
A fLlI'lher desoiiptlon ol Olir IEsponsibilllia$ is avallabl• oli the FInAn￿&1 Reporting Coui)cll'g wèbslt8 91.. htlps'.11
ww.IKc.oi'g.uklaLidilor8r8sponslblllliès. This dgsctiptitsn lorms parl ol our @udllofs rapoil.
Usè of our rèport
Tl)Is r•ry)rt is made soloy lo tha cliarllabl• company's I￿embers, Bs a body, in accordance with Cl)aplgr J ol
Parl 16 01 the Coinpanies Act 20013. OLII. audit work ha8 been undertaken Bo Ihal we m1ghl stale lo the
chsriiable con)paiiy'8 member8 11)ose Inalter8 we 4ip ￿qUired to 8181& lo Ihain ii) an alidllors report and no
olliei. purpose. To the lullesl exlenl perniilled by law we do not a¢cepl or 888ume respon8il?ilily to 8nyone olhgr
than tlie cliaiilfible coiiipany and the cliarilable company'5 rnetnb8r8. as a boily, for our audll work, for 11118
report, or for the opinlons we have formed.
Gi'aliani Collins (Senior Slatulory Audilorl
On behalf ol M T Manley & Co Llmlted Islatutory Auditor)
96 Yardley Wood Rtsad
Billesl¢y
Birmngham
B130HY
Dale(I'.

LUIS PALAU EVANGELISTIC TEAM (THE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 37 DECEMBER 2023
Unrestricted Rèstricted
funds
funds
Total
2023
Tol&l
2022
Incomlng resources Irom generated funds
DonatlDnt and18ga¢les
Investment incon
Note5
243,289
885
243,289
85
283.483
Incomlftu rèsources from charltobltr activities
244,174
244,174
310,216
283,.134
sg4,326
310,216
Total Ineomlng resourcès
244,174
310,216
977,860
Resources èxpènded
Cost5 of generatlng funds
Co818 ol gonerelino donallons atvj legacies
12,171
12,171
8.837
Nel Incomlng resources availoblè
232,003
310,21fj
542,219
969,023
Chgrllable @clivllle$
225,033
103,553
418.586
1,39J.281
Govgrnanc9 cost8
10,770
10,770
10, JP88
Ttstal resources expènded
247,974
193,553
441,527 1,414,686
Net lexpendlturelllncome for the y04rl
Net movement In fund$
13,8001
116,663
112.863
1436.82ei
FLind balgn¢e8 al 1 January 2023
97,22Q
88,539
185,759
e22.58J
Fund balances at 31 December 2023
93,420
205,202
298.622
185,750
The 81alemenl of fit)an¢ial 8clivitlè$ also compll¢o with th¢ requir8m81i1$ fw an In¢orne and expendiluro 8ccounl
und&r the Companies Acl 2006.
All 3cllvitl88 of the chbrilablo company arè cl888ed 85 ¢ontlnuing. Ther8 wara no r8Ctonised QFJins oi. losBes othor
than Ihoso 8liown abovg.
The notè$ forin part of11igs¢ linancial staloments

LUIS PALAU EVANGELISTIC TEAM (THE)
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible asset8
17,626
26.438
Current assets
Debloi's
Cash al bank and in liand
27,684
274,640
1,298
173,497
302,324
174,795
Credllors.. amounts falllng due wlthln
gne year
121,3281
115,4741
Net curr*nt assets
280,996
159,321
Total assots less eurr&nt Ilabllitl&s
298,622
185,759
Income fund?
Reslri¢led lund$
11
205,202
88,539
Uiir081rlclerJ fvndB
93,420
97,220
296,622
18S.7)Pg
The conipaiiy18 enlllled lo Ilie exeniplion from the aiidll reqLiirerrenl ¢onlaln$d In ¥$¢llon 477 0111)$ C¢mpanie$ Ael
2006, lor Ilio year ended 31 December 2023, 8llhougli an aLidi( has beon carried out under 8e¢lioii 144 01 the
Lharilies Act 2011. No member of Ilie company has deposited a notice, pur8uanl Ic> seclltsn 476. requiring an audll
ol Iliese accounts uiider tha requir6mgnls ol tlig Cornpanl&s Act 2006.
Tlie dirè¢t¢XB acknowle(loe Ihelr rg$ponsibllili¥J for enswiiig Ihal the CAJrnpany Keep8 aLcounllng recorcls wlilch
comply with seclion 386 01 the Act and for preparing accounts wliich give a true and fair view ol the Blale ol affairs
ol tlie conipany as at the end ol Ilie financial year and of 11$ In¢omlng re$our¢g$ snd 8ppli¢ation ol re$oui'ce$,
Imclucliiig it8 Iiicoime and 6xpendilurè, lor thè financi&l year In gceordancs willi Ihe r8qLiirein6nls ol sections 394 aiid
39J and whicli otharwise coinply with tl)e requi16ments ol the Companles Aol 2006 reialiiig lo accounts, 60 lai. as
8pI)lieable lo Ilie coinpany.
Tliese a¢¢ounts l)ave bèen pr*pawd in 8¢cordanc& with the special provisions relating lo srnall Companiès wllhin
Parl 15 01 the Coinpanies Act 2006.
Th& accouiils were approvèd by the Board ...a). ..
MrSFMBerry
Director
Compaiiy Reglstra¢lon No.

LUIS PALAU EVANGELISTIC TEAM (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEIW8ER 2023
Accounlino poll¢les
1.1 Basls of preparation
Llils Palau Evangelisllc Team ITHEI 1$ 8 priva19 con)pany limited by guarantee incoi'poratèd in England and
Wales, Thg r6gist&ipd office is Owen House. Little Cornbow, Halesow@n. W6$1 Midl8nd8. B63 3AJ.
The financial 8181emenls of thè eh£rilable Company, wliicli Is a public benefit enllly under FRS 102, liavè
been piepai'ed in accoi'(J8iice with the Charilles SORP IFRS 1021 "Accounting and RepDillng by Charlliag..
Slalemenl of Recommendod Practice Applicable lo cl)arilies preparino their 8¢counl$ In aceordane6 with the
Financial Reporllng S18ndai'd 8ppIic8ble in the UK and R@publl¢ of Irel8nd IFRS 1021 lefleclivè 1 January
20191" Flnanci81 Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and
R8public ol Irg18nd' and the Companies Act 2006, The a¢¢ounl8 1)avo beei) pieparod under thè liislorlcal
cost convèntion.
The financial slalernènt8 ar8 pi'epared in $101'lii)g, which is lh$ lunclion81 currency ol the charllable ooinp&ny,
Monataiy amount8 Sn the financial $1gleiii8nls ar9 rounded lo the nearasl £.
1.2 Income
All in¢oma la recooni86d In Ilie Slat¢ment of Flnan¢l81 Acllvltles oncg th6 eharily has enllllgm8nt lo the ILind¥,
11 Is probabl* that the income will ba r8¢elved and the Ejmounl cali be rn8asured reli8bly.
1.3 ExpÈndllur•
Llabilille8 al'e recogiii801188 expen(Illure as soon as there 18 a 16gg1 or con8lru¢llv& obllyalion coinniilllng th8
chEJrlly Its Ihat oxpendilure, il is probable that a Iri¢ nsfer ol fyconomie benefi18 will be reqLiired In selllèm*nl
an(1 the Grnount DI tha tsbligglion can be n)&asur$d reliobly. Expenditure Iiicluslvo ol VAT, 18 aceounled lor on
an &C¢Tuel3 basi$ and Ilas bègn cla$sifi&d under heading8 Iliat aggregate all co8t rel&led lo the caléoory.
Where costs c8niiol be dlréolly pllrlbLiled lo parlS¢ular l)padlnus, they have b&on allo¢al&cl lo aclivilles on a
basis ¢onsi8lont will) the use of r880ur¢e8.
1,4 Tanglble flxed assets and depreclatlon
Tanglble fixed as8els are staled al co81 less depr?ci&lion. Depr&cialion18 provlded al ratès cal¢uls&ted lo wrllÉ
¢ff the cogt less $sllm8lèd rg$lcluE41 value ol 8a¢h asset over118 expècted Liseful1116, 8$ follows,,
Motor v&hl¢les
25% on co81
1.S Lea59S
Rèntals appli¢able to operalino160$es where subsl8nlially all Ilie b&neNI8 and risk8 of ownèrslilp remgin Mdlli
the lessor are charued again81 profits on & 81r8igl)I Ilne b8818 ovei. the perl(￿ of thè lease.
1.6 Penslons costs and other p05t retlrÈment beneflts
Tlie Charitable ¢ompony opÈrates 8 delin8d conlrlbution pension sclieme. Conti'lbulioiis payable to the
charitab16 comp2nls p8n8ion $cheme are charged lo Ilie $181emenl ol Financial Acllvities in thè period lo
wliich they relate.
1.7 Fund ac¢ountlng
Unrg$tric19d funds - the8e aro funds wliloh can be used In accordance wlll) the charilablfr obj8clive8 $1 Ilie
discretion ol Ihp trustèes.
Re81rictÈd fLind8
(liase are funds which con only be used for parliculai reglriclgd PLifposo8 within the
objects ol thè cliarily. Restrictions arise when 8pscili8d by tl)e donor or vAien funds are raisacl for particular
re81rictod pui'ptsses.
Designated funds-11)es@ ar8 funds 8el aside by the directors trorn unrestricted funds fgr specific purposes or
projgcls.
10-

LUIS PALAU EVANGELISTIC TEAM (THE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcles
(Continued
1.8 Taxatlon
Tli8 chaiity is 6xompl from corporation lax on 118 charitable actlvilies,
1.9 Golno con¢¢rn
Tlie dlre¢tors have asse&4èd wh8ther tlie 1189 of the going concèrn assLimplioii Is appropriate in prepai'ino
those financial sla18menls. The clireolors Ilove rnadè this a6se8$niènt wltli re8pe¢l to a period tsl one year
Iioni the dale ol approval and sionalurè ol the8e linancial slatemenl$. The clirector8 have ¢oncluded that
11)ere are no Inalerial un¢ertalnties related lo èvents oi. ¢on(1l1ions, that niay ca818ignlficant doubt on the
abilily ol 1118 charitable company to continue 88 8 going concern during thi8 period, ls&¢ also the diieclors,
r$porl Liiider Acliievenienls performance and lulure plans.) Tl)É direclors are ol the opinion tlial the Chaiitabie
coiYp8ny will have sufficiènt resolirces lo meèt ils liabilitie$ as they fall dlie ovei. 11)i8 P61'iod, taking into
a¢¢ounl ongoing doiialion5 from Portl8nd and tho pre8enl cash rÈsourc6s ol th8 ¢1)arllab16 company.
l.lo Flnan¢lal Instruments
Th& cl)aritabl8 cornpany has &lecled lo apply the provision8 ol S$¢lion 11 'Basic Fln8ncial 5n$lrurnen18' and
Section 12 '01h¢r Financial Inslrurnenls Issues, ol FRS 102 to all ol Ils lin8n¢i81 Inslruinenl8.
Flnancial inslrumen16 aro rowgnls8d in th9 company'8 bal8n¢e $hgel when the Company bècomes party to
1118 contracllial provislons gf the In81rumèntg.
Fli)8n¢ial assets and Ilabi111i68 are offs81. ￿th the n&1 amoLinls presented In the liiiaiiclal 3lalemgnls. Vwhen
therè Is a lagally enforceable riglit to Sel oll tho re¢ognised 8moLinl$ ond ther& is inl&nllon lo setlle oli a
nel basis or lo reallse thè asset ard sellle the liabillly simultaneou￿y.
Donatlon5 und l*uacles
2023
2022
Donallong and gi118
243,289
283,483
Inv&stm•nt Ineome
2023
2022
Inloregt receivable
885
51
In¢ominy resourcos from charltable activiti?5
2023
2022
Mi8siori ctssls recovered
310,216
694,326

LUIS PALAU EVANGELISTIC TEAM (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Dlré¢tor5
The dirg¢lws ieceivad no I'emLineration, bentsftls or expgnses in the yg8r elided 31 DÈcemb$r 202312022.,
Employees
Number of employeès
The avèraoe n)onlhly numbgr ol empltsyees during tho y60r was..
2023
Numbor
2022
Nuinber
Employment costs
2023
2022
Wages and solarl88
Soaal seciirily costs
Olhtsr ￿enSIon co81$
240,908
20,714
16,854
228.177
20,288
15,693
278,278
264,118
One employoe recelved emolurnenls In 8x¢ess r)1 £60.000.
T&nglblè flxèd uss•l$
Motor vehlcle$
Cost
A11 January 2023 and a131 Dgcembttr 2023
Dopreclatlon
Al 1 Jonuary 2023
Charge for the ye8r
18,812
8,812
At 31 De¢embeT 2023
27.824
Nel book value
At 31 Decèmber 2023
17,G26
At 31 Deceinbei. 2022
26,438
12-

LUIS PALAU EVANGELISTIC TEAM (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Debtors
2023
2022
Trade debtois
27,685
1,298
27,664
1.298
Credllors.. amounts falllng duè wlthln one year
2023
2022
Trod$ creditor8
othèr ei'èdilor6
Accruals arid deferred Income
7,894
1,874
11,560
5,458
3,349
6,6S7
21,328
15,474
D•l&rred Incon)e relo1¢s lo grants of £11,333 0131 Decembei. 202312022.. £6,867)
10 Pensloh and other po$t-rotlrèment b•n•llt commllmont$
The charitotsle cornpany operat98 a deftned contiibLilion p&n$ion $¢1i8rnè who&• 8ssels are held sepafalely
fron) tl)ose ol th8 Charitable ¢tsmpany. The chai'llablè comp£ny IncLirred cos18 of ponslon8 in the year of
£16,65412022'. £1 Jf.6931 wllh nothing oul8tanding lo th• pension ftind al th¢ year ènd12022'. £Nill.
11 Restrl¢led funds
Tlie in¢¢ine funds ol the cliarily Indud• restriclgd funds con)priginy the followSng ungxpanded balances gf
donalioiis and gipnts hèld on trust lor 8pe¢lfl¢ purposes..
Mov•m•nt In funds
Balanct at 1
January
2023
Balance at 31
December 2023
Mi88ion ovBntg
City Gospel Movgmenls
Glob81 Nolwork of Evangg11$19
Foslivals
6,20
6.774
468
75.089
66,000
21,000
49,000
154,216
175,3041
122,3571
148,5511
147,3401
16,905
5,417
917
181,965
88.of3
310,216
20S,202
13

LUIS PALAU EVANGELISTIC TEAM (THE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Analysls ¢*f net assets between funds
Total
FLind bolance8 at 31 December 2023 are r8presented by..
Tangiblè fixed assets
Current 8ssels
Creditors.. ainouiits falling due wllhln one year
17.626
g7,122
121,3281
17,626
302,324
121,3281
205,202
g3,420
205.202
29B,S22
13 R•laled parties
8u8ineg$$s that share one or rnore ol the direclorg 0111)e conipany made donation8 of £5,000 in 11)8 yeai..
12022.. £5,0001
Qlreolors don4led a lo181 of £14,300 In the year12022'. £18.4251.
14