REGISTERED COMPANY NUMBER: 03301423 (England and Wales)

REGISTERED CHARITY NUMBER: 1083180

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LATIN AMERICAN MINISTRIES LIMITED

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Latin American Ministries Limited was established to provide an evangelical Christian Ministry in South America. We raise funds to assist some of the poorest children in Brazil and Bolivia with education, training, medical and dental treatment, famine relief and religious and cultural development.

The charities governing document sums up the charitable objects as:-

1. To advance the Christina religion in South America by such means as the Trustees shall in their absolute discretion think fit.

2. To relieve poverty, sickness and distress among children in necessitous circumstances in South America.

Significant activities

In the year to 31st March 2025 the charity continued with its programme of regular monthly sponsorship to help maintain the schools and projects we support in Brazil and Bolivia.

CALVIRIO Street Mission, associated with Living Word Church in Rio de Janeiro, Brazil.

LAM has been the main supporter of Calvirio Street Boys Home, first started by Pastor Reinaldo Costa over 25 years ago. The church took on a rented building to turn their own church building into the Street Boys Home. Many boys have been rescued from a life of danger and misery on the streets and given support to catch up with their schooling, medical needs and, where possible, a return to their family environment. Calvirio Boys Home closed this year, but the Church continues to use the building to minister to the needs of the community with food aid for needy families, different outreaches, such as jujitsu, civic training, school help classes and courses for cookery etc, whilst keeping in contact with many of the boys who have passed through the Home. LAM continues to support them in this outreach to the community and in December/January donated a sizeable amount towards the purchase of the building they have rented for over 26 years.

SAL PARA TERRA (Salt of the Earth) Project in Petrópolis, R.J. Brazil

This is an NGO charity run by Pastors Adilson and Roberta Malaquias, also for over 25 years; providing over 100 daily hot meals, free dental treatment and classes and activities for children and families in need in the nearby 'favelas'. LAM has known and supported this work and the many children reached from the beginning. LAM is also supporting Sara Malaquias - the daughter of Pastors Adilson and Roberta in her training to be a dentist and this is her last year.

LIVING WORD Infants schools for underprivileged children - native Indian and Brazilian. Maués, Amazon Brazil

Maues is a town on the bank of the Amazon River, Brazil. The Living Word Church has two infant schools, one in the town and one on the outskirts, where a community of deprived families has sprung up from outside the area, many of them native Indians, unable to get work. They also run a Rescue Centre in this community, with classes and job training for young people. The infant schools provide a daily cooked meal as well as freely teaching the children to read and write. For many of these children that will be their only cooked meal of the day. LAM has been associated with them for over 20 years and helped to build both the church and the schools and has sponsored children there ever since.

TICUNA Native Indians and other tribes in the Three frontier region of the Amazon River.

LAM has been involved with work among the native tribes in this region for over 20 years through a school sponsorship program in the early days and now regular provision for a Bible Training Missions Course run for one week every two months on the Cuagu Evangelical Mission Base, providing accommodation and provisions for the pastors in training and their families for the week long event. LAM has also built churches in the area and supplied motorised canoes over the years.

LIVING WORD SCHOOL Caucaia, N. West Brazil.

Outreach to needy families in the 'favela', run by missionaries and pastors, Peter and Josi Millward . LAM has been sponsoring children here for eight years and has helped with the school building and improvements needed over the years and support and provision for the outreach to needy families.

GOD'S LITTLE SCHOOL Santa Cruz de la Sierra, Bolivia.

LAM has been sponsoring children in an extremely poor community growing up outside the town boundaries, on the banks of the river for 12 years, providing education reinforcement, medical help and clothing. This work was started as a free health clinic by Dr. Janeth Mendoza, a doctor and surgeon, with a love for the poorest families in her city and from there grew to include education, spiritual care and food supplies. Janeth has since died, but her grown-up children carry it on. Many of the children LAM sponsored in the earlier years have now graduated and gone on to good jobs, where-as the norm would have been to drop out of school at the earliest possibility, as they just could not keep up.

During this period LAM has also provided funds to help with the catastrophic floods in the South of Brazil. Our objectives are to continue this support for as long as we are able.

Public benefit

The trustees have given due consideration to the charity commission guidance and believe that they heavily invest in a number of communities throughout Brazil and Bolivia and touch the lives of so many young people. The trustees are satisfied that they meet the public benefit requirements.

FINANCIAL REVIEW

Reserves policy

The charity looks to maintain reserves of at least £15,000 which equates to 6 months charitable expenditure. The overheads of the charity are low but our missionaries and the institutions they support would struggle financially if LAM's income streams diminished in the future. Maintaining a healthy reserve will enable the charity to continue to support the mission work for a further 6 months if income were to cease. At the year end the charity had cash reserves of £12,632.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03301423 (England and Wales)

Registered Charity number

1083180

Registered office

8 Holmes Cottages

Temple Road

Bolton

BL1 3LU

Trustees

Reverend J N Quinlan

Mrs S A Quinlan

M A Quinlan

R M Griffiths

J Higgins

Mrs V Dutra Quinlan (appointed 28.11.24)

Company Secretary

Mrs S A Quinlan

Independent Examiner

Adam J Syddall MA FCA

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

Bankers

National Westminster Bank

Leicester Rcsc

Bede House

11 Western Boulevard

Leicester

Leicestershire

LE2 7EJ

Approved by order of the board of trustees on 15 September 2025 and signed on its behalf by:

Mrs S A Quinlan - Secretary

Independent examiner's report to the trustees of Latin American Ministries Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adam J Syddall MA FCA

The Institute of Chartered Accountants in England and Wales

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

15 September 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

36,647

25,000

61,647

35,873

Investment income

2

6

-

6

57

Total

36,653

25,000

61,653

35,930

EXPENDITURE ON

Raising funds

3

-

-

-

2,043

Charitable activities

Missionaries and schools in Brazil and Bolivia

45,146

25,000

70,146

32,473

Total

45,146

25,000

70,146

34,516

NET INCOME/(EXPENDITURE)

(8,493

)

-

(8,493

)

1,414

RECONCILIATION OF FUNDS

Total funds brought forward

22,607

-

22,607

21,193

TOTAL FUNDS CARRIED FORWARD

14,114

-

14,114

22,607

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

168

-

168

224

CURRENT ASSETS

Debtors

8

1,943

-

1,943

2,287

Cash at bank

12,632

-

12,632

20,695

14,575

-

14,575

22,982

CREDITORS

Amounts falling due within one year

9

(629

)

-

(629

)

(599

)

NET CURRENT ASSETS

13,946

-

13,946

22,383

TOTAL ASSETS LESS CURRENT LIABILITIES

14,114

-

14,114

22,607

NET ASSETS

14,114

-

14,114

22,607

FUNDS

10

Unrestricted funds

14,114

22,607

TOTAL FUNDS

14,114

22,607

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2025 and were signed on its behalf by:

S A Quinlan - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

6

57

3.	RAISING FUNDS

RAISING DONATIONS AND LEGACIES

2025

2024

£

£

Support costs

-

2,043

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Independent examiner

630

600

Depreciation - owned assets

56

75

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

TRUSTEES' EXPENSES

There were no trustees expenses for the year to 31 March 2024. In the year to 31 March 2023, Mark Quinlan, acting as a missionary, received living expense support from the charity of £3,200. Mark Quinlan is a trustee of the charity.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

35,873

-

35,873

Investment income

57

-

57

Total

35,930

-

35,930

EXPENDITURE ON

Raising funds

2,043

-

2,043

Charitable activities

Missionaries and schools in Brazil and Bolivia

32,473

-

32,473

Total

34,516

-

34,516

NET INCOME

1,414

-

1,414

RECONCILIATION OF FUNDS

Total funds brought forward

21,193

-

21,193

TOTAL FUNDS CARRIED FORWARD

22,607

-

22,607

7.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024 and 31 March 2025

370

DEPRECIATION

At 1 April 2024

146

Charge for year

56

At 31 March 2025

202

NET BOOK VALUE

At 31 March 2025

168

At 31 March 2024

224

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

1,943

2,287

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

629

599

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

22,607

(8,493

)

14,114

TOTAL FUNDS

22,607

(8,493

)

14,114

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

36,653

(45,146

)

(8,493

)

Restricted funds

Restricted fund

25,000

(25,000

)

-

TOTAL FUNDS

61,653

(70,146

)

(8,493

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

21,193

1,414

22,607

TOTAL FUNDS

21,193

1,414

22,607

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

35,930

(34,516

)

1,414

TOTAL FUNDS

35,930

(34,516

)

1,414

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

21,193

(7,079

)

14,114

TOTAL FUNDS

21,193

(7,079

)

14,114

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

72,583

(79,662

)

(7,079

)

Restricted funds

Restricted fund

25,000

(25,000

)

-

TOTAL FUNDS

97,583

(104,662

)

(7,079

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.