The LATA Foundation

	Page
Trustees' Report	1—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9
Notes to the Financial Statements	10—14

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

The LATA Foundation is dedicated to promoting responsible business practices in the tourism industry, as well as sustainable development, conservation and poverty relief in Latin America, by funding, supporting and developing charitable projects throughout the region.

Significant Activities

Applications for funding are accepted from charitable organisations, registered NGOs and charitable projects based in Latin America, as well as charities working in Latin America but registered in other countries. Applications meeting The LATA Foundation's funding criteria are assessed by the projects team before final approval by the trustees. Approved applications are subject to a project agreement setting out the project's objectives, timetable and reporting requirements.

Public Benefit

The grants awarded by The LATA Foundation are subject to an approval process and are made to charitable organisations for projects that further the Foundation's charitable objectives and provide public benefit.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

EMPLOYEE AND VOLUNTEERS

In January 2025, The LATA Foundation appointed its first employee on a part-time basis to support fundraising and volunteer coordination. The cost of the post was initially funded by the Latin American Travel Association (LATA) for the first six months, with the Foundation funding the post from July 2025.

During the year, the Foundation's activities were supported by both its employee and volunteers. Volunteers assisted with fundraising and the support of charitable projects in Latin America, working alongside the Fundraising and Volunteer Manager and the trustees.

Achievements and Performance

Main Achievements

During the year, The LATA Foundation met its charitable objectives by awarding grants of £20,246 to five charitable projects across Latin America.

The projects supported were El Rio Foundation in Colombia (£5,000), Picaflor House in Peru (£5,586), Pro Eco Azuero / Pablo Arturo Barrios Wildlife Refuge in Panama (£4,800), Community Baboon Sanctuary in Belize (£3,858) and Projeto Vidançar in Brazil (£1,002). The projects supported education, environmental protection and conservation, sustainable tourism and economic development.

El Rio Foundation - Colombia

El Rio Foundation was established due to the desire of the El Rio Hostel in Buritica, near Santa Marta, to give back to the local community by offering educational support and community sport opportunities, as well as reforestation and waste management projects. Building on the English language programme that we helped fund for several years, our funding in 2025 supported a full year of English teaching and tutoring in one community in Buritica.

Amount granted in 2025: £5,000.00

Picaflor House – Peru

Picaflor House is an educational charity working in the small town of Oropesa, and other villages in the surrounding rural area 25km outside of Cusco, which offers a comprehensive after school programme in academic and non-academic subjects to children aged 3-15. Continuing on from our funding in 2024 our funding in 2025 supported a mobile library project to improve access to and the quality of education for children in rural villages around Cusco who had been excluded from online learning during the COVID-19 pandemic due to a lack of access to the internet and computing devices. The library visited three rural villages every week taking books, teachers, and other learning resources to 100 children aged between 5 and 14, helping them to re-engage with education and to catch-up academically.

Amount granted in 2025: £5,586.00

Pro Eco Azuero / Pablo Arturo Barrios Wildlife Refuge – Panama

...CONTINUED

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The LATA Foundation

Trustees' Report (continued)

For The Year Ended 31 December 2025

Main Achievements - continued

Pro Eco Azuero is a non-profit organisation founded in 2010, dedicated to restoring the tropical dry forest in Panama’s Azuero Peninsula and protecting the critically endangered Azuero spider monkey. They have a shared management agreement with Panama’s Ministry of Environment to protect the Pablo Arturo Barrios Wildlife Refuge (PABWR). Although located in Pedasí, one of Panama’s most popular tourist destinations known for its beaches, marine life, and natural beauty, the PABWR remains relatively unknown to visitors despite its ecological significance. In 2025 our donation supported training 24 local young people as local advocates and ecotourism guides at PABWR.

Amount granted in 2025: £4,800.00

Community Baboon Sanctuary - Belize

The Community Baboon Sanctuary (CBS) was established in 1985 as a voluntary, community-led conservation initiative encompassing communities along 20 square miles of the Belize Old River. The project operates as part of a Community Conserved Area, in which individual landowners voluntarily pledge to participate in protection projects. The Community Baboon Sanctuary Women’s Conservation Group (CBSWCG) helps to develop eco-tourism to generate income for the communities within the CBS. Our donation in 2025 supported 3 workshops: 1) Training 20 participants in tour guiding, hosting homestays, organising familiarisation trips for tour operators and group presentations/talks 2) One-day training for 10 participants, including women and youths from within the CBS area, in housekeeping and homestay requirements as per the Belize Tourist Board 3) Training 20 potential entrepreneurs and homestay households in food preparation and catering.

Amount granted in 2025: £3,858.00

Projeto Vidançar - Brazil

Projeto Vidançar’s main activity is the Vidançar dance School, an initiative to offer underprivileged children from the favelas of Rio de Janeiro the opportunity to express themselves through the art of dance and to provide them with the opportunity to do activities that otherwise would not be possible due to their economic situation; such as trips to cultural attractions and a Christmas party. Having supported this project for several years the trustees donated the remaining money ringfenced for this project to support a cultural exchange for two young dancers from the project to France.

Amount granted in 2025: £1,001.61

During 2025, the Foundation also appointed its first employee to strengthen fundraising and volunteer coordination and continued to receive support from donors, supporters and the wider Latin American travel community.

FUNDRAISING

During 2025, The LATA Foundation received corporate donations from partners in the travel and hospitality industries and benefited from fundraising activities at LATA Expo. The Foundation also continued to receive support from individual donors, including long-standing regular donors.

Project Partners for 2026

In 2026 the Foundation will continue to work on aligning our projects with the areas of interest of our principal donors in the travel industry and have so far agreed support for the following projects:

Pro Eco Azuero – Panama

Community Baboon Sanctuary Women’s Conservation Group – Belize

Pachar – Peru

Galapagos Conservation Trust

Condor Clinic - Ecuador

Financial Review

Financial Position

The charity's financial position remained strong during the year. Total income for the year was £77,444 and total expenditure was £48,919, resulting in net income of £28,525.

At 31 December 2025, the charity had total funds of £133,562, comprising unrestricted funds of £131,223 and restricted funds of £2,339. The trustees consider the charity to be in a sound financial position to continue pursuing its charitable objectives.

During the year, the Foundation reviewed its approach to selecting projects, placing greater emphasis on projects with a link to tourism. This affected the timing of grants awarded during the year. The Foundation also appointed its first employee during 2025, resulting in additional recruitment, salary and associated staffing costs.

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The LATA Foundation

Trustees' Report (continued)

For The Year Ended 31 December 2025

Reserves Policy

The trustees aim to maintain a minimum level of unrestricted reserves of £35,000. This is considered sufficient to enable the charity to continue meeting its ongoing commitments and charitable objectives, while providing appropriate financial resilience against unforeseen circumstances.

At 31 December 2025, the charity held total funds of £133,562, of which £131,223 were unrestricted funds and £2,339 were restricted funds. Restricted funds are held for the specific purposes for which they were received and are not available for the general purposes of the charity.

The trustees review the level of reserves annually, taking into account the charity's planned activities, future commitments and available resources.

Structure, Governance and Management

Governing Document

The LATA Foundation is a company limited by guarantee, incorporated on 31 May 2007 and governed by its Memorandum and Articles of Association.

Trustee Selection Methods

Trustees must be of good character, have experience of working with Latin America and have the professional skills and experience needed to contribute to the governance and objectives of The LATA Foundation. Up to 50% of trustees may be appointed by the Committee of the Latin American Travel Association (LATA) from its ranks.

Reference and Administrative Details

Trustees

Ms Lyn Hughes

Ms Kate McWilliams

Mr Richard Brass - Treasurer (resigned 30/09/2025)

Mrs Paola Bibiana Tellez-Garside (resigned 30/09/2025)

Ms Judith Berry - Chair

Ms Katie Aston (resigned 30/09/2025)

Ms Megan Parkinson

Ms Nicola Gude - Vice-Chair

Ms Carmel Hendry

Mr Martin Johnson

Mr Colin Stewart

Company Secretaries

Mr Richard Brass (resigned 09/10/2025)

Ms Nicola Gude (appointed 09/10/2025)

Charity Number

1123580

Company Number

06264453

Principal Address

7/8 Kendrick Mews

London

SW7 3HG

Registered Office

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The LATA Foundation

Trustees' Report (continued)

For The Year Ended 31 December 2025

7/8 Kendrick Mews

London

SW7 3HG

Independent Examiner

Atlantis Accountancy & Tax Services Ltd

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The LATA Foundation

Trustees' Report (continued)

For The Year Ended 31 December 2025

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The LATA Foundation for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Ms Nicola Gude

Trustee

22 September 2026

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The LATA Foundation

Independent Examiner's Report to the Trustees of The LATA Foundation

For The Year Ended 31 December 2025

Independent Examiner's Report to the Trustees of The LATA Foundation

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

Responsibilities and Basis of Report

As the charity 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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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.

Atlantis Accountancy & Tax Services Ltd

22 September 2026

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The LATA Foundation

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	40,095	14,958	55,053	59,799
Other trading activities	4	18,276	225	18,501	-
Investments	5	3,890	-	3,890	3,161

		62,261	15,183	77,444	62,960

EXPENDITURE ON:
Raising funds	6	(15,829 )	(12,844 )	(28,673 )	(1,186 )
Charitable activities:	6
Charitable Grants & Projects		(19,349 )	(897 )	(20,246 )	(28,637 )

		(35,178 )	(13,741 )	(48,919 )	(29,823 )

NET INCOME		27,083	1,442	28,525	33,137


NET MOVEMENT IN FUNDS		27,083	1,442	28,525	33,137
RECONCILIATION OF FUNDS:
Total funds brought forward		104,140	897	105,037	71,900

TOTAL FUNDS CARRIED FORWARD	13	131,223	2,339	133,562	105,037

The notes on pages 10 to 14 form part of these financial statements.

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The LATA Foundation

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	56,049	3,750	59,799
Investments	5	3,127	34	3,161

		59,176	3,784	62,960

EXPENDITURE ON:
Raising funds	6	(1,171 )	(15 )	(1,186 )
Charitable activities:	6
Charitable Grants & Projects		(24,637 )	(4,000 )	(28,637 )

		(25,808 )	(4,015 )	(29,823 )

NET INCOME		33,368	(231 )	33,137


NET MOVEMENT IN FUNDS		33,368	(231 )	33,137
RECONCILIATION OF FUNDS:
Total funds brought forward		70,772	1,128	71,900

TOTAL FUNDS CARRIED FORWARD	13	104,140	897	105,037

The notes on pages 10 to 14 form part of these financial statements.

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The LATA Foundation

Balance Sheet

As At 31 December 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	11	-	-	-	456
Cash at bank and in hand		132,665	2,339	135,004	104,581

		132,665	2,339	135,004	105,037
Creditors: Amounts Falling Due Within One Year	12	(1,442 )	-	(1,442 )	-

NET CURRENT ASSETS (LIABILITIES)		131,223	2,339	133,562	105,037

TOTAL ASSETS LESS CURRENT LIABILITIES		131,223	2,339	133,562	105,037

NET ASSETS		131,223	2,339	133,562	105,037

FUNDS OF THE CHARITY
Restricted Funds				2,339	897
Unrestricted Funds				131,223	104,140

TOTAL FUNDS	13			133,562	105,037

For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Ms Nicola Gude

Trustee

22 September 2026

The notes on pages 10 to 14 form part of these financial statements.

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The LATA Foundation

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

The LATA Foundation is a company limited by guarantee, incorporated in England & Wales, registered number 06264453 and registered charity number 1123580 . The registered office is 7/8 Kendrick Mews, London, SW7 3HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Fund Accounting

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

Restricted funds are to be used for specific purposes as laid down by the donor.

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

2.3. Incoming Resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income comprises donations, Gift Aid, funding received from organisations, fundraising event income and bank interest received during the year.

2.4. Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes irrecoverable VAT where applicable.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Taxation

The charity is exempt from corporation tax on its charitable activities, provided that its income and gains are applied exclusively for charitable purposes.

3. Income from Donations and Legacies

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts:
Donations and gifts	39,800	2,114	41,914
LATA Funding Donation: Fundraising & Volunteer Manager	-	12,844	12,844
Gift aid	295	-	295

	40,095	14,958	55,053

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The LATA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts:
Donations and gifts	56,049	3,750	59,799
LATA Funding Donation: Fundraising & Volunteer Manager	-	-	-
Gift aid	-	-	-

	56,049	3,750	59,799

4. Income from Other Trading Activities

			2025
	Unrestricted funds	Restricted funds	Total funds
	£	£	£
Fundraising events	18,276	225	18,501

			2024
	Unrestricted funds	Restricted funds	Total funds
	£	£	£
Fundraising events	-	-	-

5. Investment Income

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Bank interest receivable	3,890	-	3,890

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Bank interest receivable	3,127	34	3,161

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The LATA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Analysis of Expenditure

				2025
	Activities undertaken directly	Grant funding of activities (see note 7 )	Support costs (see note 8 )	Total
	£	£	£	£
Raising funds	28,628	-	45	28,673
Charitable Grants & Projects	-	20,246	-	20,246

	28,628	20,246	45	48,919

			2024
	Grant funding of activities (see note 7 )	Support costs (see note 8 )	Total
	£	£	£
Raising funds	-	1,186	1,186
Charitable Grants & Projects	28,637	-	28,637

	28,637	1,186	29,823

7. Grants Payable

	2025	2024
	Grants to	Grants to
	Institutions	Institutions
	£	£
Charitable Grants & Projects	20,246	28,637

Grants paid to institutions, included above, are as follows:

	2025	2024
	£	£
Friends of Alalay - Bolivia	-	2,000
Projeto Vidançar - Brazil	1,002	4,000
Healing Venezuela - Venezuela	-	1,500
Kids SAving the Rainforest - Costa Rica	-	4,109
Xtraordinary Women - Nicaragua	-	2,000
El Rio Foundation - Colombia	5,000	5,140
Picaflor House - Peru	5,586	5,140
AMA Torres del Paine - Chile	-	4,748
Pro Eco Azuero / Pablo Arturo Barrios Wildlife Refuge – Panama	4,800	-
Community Baboon Sanctuary - Belize	3,858	-

	20,246	28,637

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The LATA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Support Costs

	2025	2024
	Raising funds	Raising funds
	£	£
General administration:
Bank charges	45	1,186

9. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	23,454	-

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

During the year, The LATA Foundation received funding of £12,844 from the Latin American Travel Association (LATA) towards the costs of the Foundation's Fundraising and Volunteer Manager.

10. Average Number of Employees

Average number of employees during the year was: 1 (2024: NIL)

11. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	456

12. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Taxation and social security	821	-
Accruals and deferred income	621	-

	1,442	-

13. Movement in Funds

	As at 1 January 2025	Income	Expenditure	As at 31 December 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	104,140	62,261	(35,178 )	131,223
Restricted funds

...CONTINUED

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The LATA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Restricted fund	-	12,844	(12,844)	-
Restricted Funds	897	2,339	(897)	2,339


Total restricted funds	897	15,183	(13,741 )	2,339




Total funds	105,037	77,444	(48,919 )	133,562

	As at 1 January 2024	Income	Expenditure	As at 31 December 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	70,772	59,176	(25,808 )	104,140
Restricted funds
Restricted Funds	1,128	3,784	(4,015 )	897


Total funds	71,900	62,960	(29,823 )	105,037

Restricted funds represent funds received for specific projects and activities and may only be used for the purposes specified by the donors. Unrestricted funds are available for use in furtherance of the charitable objectives of The LATA Foundation at the discretion of the trustees.

14. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

15. Related Party Disclosures

During the year, The LATA Foundation received funding of £12,844 from the Latin American Travel Association (LATA) towards the costs of the Foundation's Fundraising and Volunteer Manager.

The Foundation also incurred administrative costs payable to LATA in respect of services provided during the year. At 31 December 2025, £621 was outstanding in respect of these costs.

LATA is considered a related party due to the close relationship between the two organisations.

16. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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