2022-03-31-accounts - The Lantern Community

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(including Incom	e and Expenditure Account)
			Unrestricted	Restricted	2022	2021
			Funds	Funds	Total	Total
		Notes	f	f	f	f
Income from:
Donations and legacies			18,568	20,000	38,568	47,356
Charitable activities			2,809,461		2,809,461	2,844,677
Investments			2,145		2,145	5,190
Total income			2,830,175	20,000	2,850,175	2,897,223
Expenditure on:
Raising funds			167		167	187
Charitable activities			2,701,446		2,701,446	2,906,921
Total expenditure			2,701,613		2,701,613	2,907,108
Net income			128,562	20,000	148,562	(9,885)
Net movement in funds		14/15	128,562	20,000	148,562	(9,885)
Reconciliation offunds:
Transfer offunds		14/15	74,439	(74,439)
Total funds brought	forward	14/15	8,535,603	1,204,719	9,740,322	9,750,207
Total funds carried forward		14/15	8,738,604	1,150,280	9,888,884	9,740,322

BALANCE SH	E	ET AS AT 31 MARCH 2022
			Note		2022		2021
							F
Fixed assets
Tangible assets					7,120,533		7,087,688
Current assets
Stocks			9	18,347		18,940
Debtors			10	232,063		187,045
Cash at bank and	in	hand		3,768,577		3,738,463
				4,018,987		3,944,448
Creditors: amounts		falling due within one year		(713,855)		(666,968)
Net current assets					3,305,132		3,277,480
Total assets less	current liabilities				10,425,665		10,365,168
Creditors: amounts		falling due after more than one year	13		(536,780)		(624,846)
Net assets					9,888,884		9,740,322
Charity Funds
Restricted Funds			14		1,150,280		1,204,719
General funds			15		1,755,635		2,029,867
Designated funds			15		6,982,968		6,505,736
Total charity funds			16		9,888,884		9,740,322

				2022	2021
			Note	F	E
Cash flow from operating	activities		21	195,236	189,400
Net cash flow from operating activities				195,236	189,400
Cash flow from investing	activities
Payments to acquire tangible		fixed assets		(64,212)	(95,328)
Receipts from sales oftangible fixed assets					0
Interest received				2,145	5,190
Net cash flow from investing		activities		(62,067)	(90,138)
Cash flow from financing	activities
Repayment of long term loans			13	(87,298)	(85,228)
Interest paid				(15,757)	(17,672)
Net cash flow from financing		activities		(103,055)	(102,900)
Net increase I(decrease)	in	cash and cash equivalents		30,114	(3,639)
Cash and cash equivalents		at 1 April 2021		3,738,463	3,742,101
Cash and cash equivalents		at 31 March 2022		3,768,577	3,738,463
Cash and cash equivalents		consists of:
Cash at bank and in hand				3,768,577	3,738,463
Cash and cash equivalents		at 31 March 2022		3,768,577	3,738,463

			Residential	Workshops	Internal sales eliminated	Total 2022	Total 2021
DONATIONS AND LEGACIES
Donations, legacies and	similar incoming	resources	38,568			38,568	47,356
CHARITABLE ACTIVITIES
Fees and contributions —local authorities		/ other sources	1,634,278	456,768	(19,920)	2,071,126	2,016,638
Rent and service charges			409,199			409,199	400,009
Ineligible and mobility			201,064			201,064	200,244
Shop / cafe / bakery &other workshops		sales		77,296	(43,168)	34,128	62,290
Guest House income							0
Other income			63,233	30,712		93,945	165,497
Total incoming resources	from charitable	activities	2,307,773	564,776	(63,088)	2,809,461	2,844,677
INVESTMENTS
Investment income			1,961	184		2,145	5,190
Totalinvestment income			1,961	184		2,145	5,190
TOTAL INCOME			2,348,302	564,961	63,088	2,850,175	2,897,223
TOTAL EXPENDITURE (see note 3)			(2,021,068)	(743,632)	63,088	(2,701,613)	(2,907,108)
NET INCOME FOR THE	YEAR		327,233	178,671		148,562	9,885

				Residential	Workshops	Internal sales eliminated	Total	Total 2021
RAISING FUNDS
Fundraising and publicity				1,667	0	(1,500)	167	187
CHARITABLE ACTIVITIES
Employed staff costs				1,240,599	511,235		1,751,834	1,814,158
Co-worker costs				117,182	7,500	(7,500)	117,182	73,706
Premises costs				220,885	77,916	(194)	298,607	531,929
Depreciation —owned assets				22,523	8,844		31,367	29,228
Office and administration				113,944	26, 140		140,084	76,626
Medical costs				3,842			3,842	22,446
Garden and estate				24,737		(10,920)	13,817	5,766
Food, household and cleaning				195,934	756	(41,834)	154,856	136,892
Cost ofsales					83,618	(1,139)	82,479	120,320
Hotel recreational costs
Motor and travel expenses				34,476	204		34,680	28,768
Legal and professional	fees			12,375	6,234		18,609	17,083
Bank charges				2,943	34.87		2,978	2,869
Loan interest				15,368			15,368	17,376
(Profit) / Loss on sale of fixed assets
Sundry expenses				3,886	19,529		23,414	15,940
Audit and accountancy				6,525	1,621		8,146	9,845
Trustee Board costs				4,184			4,184	3,970
Total resources expended		on charitable	activities	2,019,401	743,632	(61,588)	2,701,446	2,906,921
TOTAL EXPENDITURE	FOR THE YEAR			2,021,068	743,632	63,088	2,701,613	2,907,108

than disclosed in note 18to the acco	than disclosed in note 18to the acco	than disclosed in note 18to the acco	than disclosed in note 18to the acco	unts.	unts.
During the year indemnity insurance				ofE1,064 (2021:F850)was paid to cover the Trustees		in the event of any misrepresentation ofthe organisation.
Employed staff costs		were as follows:				2022	2021
Salaries and wages						1,544,345	1,679,975
Social security costs						130,109	127,085
Pension costs						40,076	41,805
						1,714,531	1,848,864
No employee earned		more	than E60,000		per annum
during this year or the prior			year.
The average weekly	number		of employees		during the year was as follows:
						2022	2021
						No.	No.
Lantern Residential	and Workshops			(Ringwood)		92	97

							2022		2021
									F
Fees payable to the charity's	auditor	for the audit of	the charity's		annual accounts		8,146		9,845
Fees payable to the charity's	auditor	for other services:
VAT consultancy services provided		by the charity's	auditor						90
VAT consultancy costs are	included	in legal and professional		fees in note 3.
8 TANGIBLE FIXEDASSETS
					Freehold land 8 buildings		Assets under construction	Paths	Furniture 8 equipment	Computer equipment	Motor vehicles	Total
COST OR VALUATION
At 1 April 2021						6,847,736	130,298	31,686	123,248	20,924	152,896	7,306,788
Additions in the year						0	52,627		11,585		0	64,212
Transfers						80,322	(80,322)
Disposals in the year
At 31 March 2022						6,928,058	102,603	31,686	134,833	20,924	152,896	7,371,000
DEPRECIATION
At 1 April 2021						455.00		19,901	70,462	17,970	110,313	219,101
Charge for the year						5,303		3,168	10,426	972	11,497	31,366
Disposals in the year
At 31 March 2022						5,758.00		23,069	80,888	18,942	121,810	250,467
NET BOOK VALUE
At 31 March 2022						6,922,300	102,603	8,617	53,945	1,982	31,086	7,120,533
At 31 March 2021						6,847,282	130,297	11,785	52,787	2,954	42,583	7,087,688

				2022	2021
				E	E
Trade debtors				51,930	44,126
Other debtors				25,123	13,725
Prepayments	and accrued	income		155,010	129,194
				232,063	187,045
11CREDITORS: amounts		falling due within	one year
				2022	2021
				E
Unsecured concessionary		loans for indefinite	terms (see note 13)		0
Bank loans (see note 13)				88,416	87,649
Trade creditors				100,138	47,747
Other creditors				37,901	32,820
Other taxation	and social security			43,929	44,064
Accruals				384,866	390,389
Deferred income				58,605	64,299
				713,855	666,968

13CREDIT	ORS: amounts	falling due after more tha	n one year
			2022	2021
			E	E
Unsecured	concessionary	loan	100,000	100,000
Bank loans			436,780	524,846
			536,780	624 646

The bank loans are repayable	2022		2021
Within 1 year	88,416		87,649
Between 1 and 2 years	91,095		90,005
Between 2 and 5 years	290,186		284,826
Between 5 and 10years	55,499		150,015
	436,780		524,846
Total bank loans	525,197		612,495
14RESTRICTED FUNDS
	At 1 April 2021	Incoming Resources	Outgoing resources	Tn nsfem	At 31 March 2022
					E
Woodwork workshop	1,020				1,020
Lantern Hall	1,146,727				1,146,727
Hillcrest activities	240				240
Field Maple activities	54,439	20,000		(74,439)
In memory ofJose Palau	1,945				1,945
New pergolas	348				348
Total restricted funds	1,204,719	20,000		(74,439)	1,150,280

		At 1 April 2021	Restatement ofopening reserves	Incoming Resources	Outgoing resources	Transfers	At 31 March
DESIGNATED FUNDS:
Cash backed designated	funds:
Co-worker retirement		23,404					23,404
Co-worker social fund		51,670		5,000	(13,715)		42,956
Bakery project		2,543					2,543
Lantern Hall		117,967					117,967
Long term maintenance		50,000		10,000			60,000
Future Projects		42,565		18,568			61,133
Lantern Centre office refurbishment		132,044					132,044
Lantern Centre shop refurbishment		143,215					143,215
		563,408		33,568	(13,715)		583,262
Property capital fund		5,942,328	322,756			134,622	6,399,706
Total designated funds		6,505,736	322,756	33,568	(13,715)	134,622	6,982,968
General funds *''		2,029,867	(322,756)	2,796,606	(2,687,898)	(60,183)	1,755,635
Total unrestricted funds		8,535,603		2,830,175	2,701,613	74,439	8,738,604

16ANALYSIS OF NET ASSETS BETWEEN FUNDS
		AS AT 31 MARCH 2022
	Restricted funds	Designated funds	General	Total funds
			funds
		E
Tangible fixed assets		7,024,903	95,630	7,120,533
Net current assets	1,150,280	494,846	1,660,006	3,305,132
Long term liabilities		(536,780)		(536,780)
NET ASSETSAS AT 31 MARCH 2022	1,150,280	6,982,968	1,755,636	9,888,884
		AS AT 31 MARCH 2021
	Restricted funds	Designated funds	General	Total funds
			funds
				F
Tangible fixed assets		6,977,579	110,109	7,087,688
Net current assets	1,204,719	153,003	1,919,758	3,277,480
Long term liabilities		(624,846)		(624,846)
NET ASSETSAS AT 31 IIARCH 2021	1,204,719	6,505,736	2,029,867	9,740,322