THE LANTERN COMMUNITY
COMPANY NUMBER: 03773749
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page I

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
INTRODUCTION
The Trustees present their repM)rt and the audited financial statements for the year ended 31 March 2025. This indudes the Directors, Report and Strategic Report as required by
Company Law.
The legal and administrative Infomiation set out below fomis part of this reporL The financial statements comply with cu￿ent statutory requlrements, the Memorandum and Articles
of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financ￿1
Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2022).
REFERENCE AND ADMINISTRATIVE DETAILS
The organisation is a charitable company limtted by guarantee, incorporated on 20 May 1999 and registered as a chaiity on 4 June 1999. The charity changed its name on
5 December 2012 from The Lantem Retreat to The Lantem Communty.
The company was established under a Memorandum of Assoctation. which established the objects and powers of the charitable company and is govemed under rts Articles of
Association.
REGISTERED COMPANY NUMBER:
REGISTERED CHARITY NUMBER:
PRINCIPAL ADDRESS AND REGISTERED OFFICE
The Lantern Centre, Folly Farni Lane, Ashley. Ringwood, Hampshire BH24 2NN
3773749
1075845
TRUSTEESIDIRECTORS
during the year and to date:
Liz Bord
Michael Bradshaw
Luigi Camelll - Chair from Autumn 2025
Alan Hollands - resigned 30 September 2024
Neil Hollands
lan Humphries
Loraine Morgan
Immanuel Verhoeven- appointed 21 October 2024
Maria Verhoeven
David Walker
Chair until Autumn 2025
All Trustees ar8 elected by the charivs membershlp or appointed by the Trustees to fill any interim vacancies. in accordance with the Charitls Artides of Association. In such
cases those Trustees are required to offer themselves for re-eleclion at the next follothqng AGM. One (2024: One) such appointment has been made since the last AGM.
Page 2

THE LANTERN COMMUNITY
(Company Ilmited by guarantee and not having a share capltal)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
KEY MANAGEMENT PERSONNEL:
S•nior managers
B.Bilge Hunt
Carol Cheeseman
Jason Gonsalves
Vell Cattaree
Burga Liddiard
Damian Zibur- appointed 1 April 2024
Robert van Turenhout
Claudiu Deliu
- Chief Executive Officer l Nominated Indimdual
- Operations Manager
- Estate and Maintenance Manager
- Day Sepllces and Workshops Manager
- Registered Manager Four Meadows
- Resourcing and Development Manager
Finance Manager
- Registered Manager Phoenix
LEGAL ADVISORS:
Broadfield
46 The Av8nue, Southampton S017 1AX
BANKERS:
National Westminster Bank plc
11 High Street, Ringwood. Hampshire BH24 1 BA
AUDITORS:
Knlght Goodhead Ltd
7 Boumemouth Rd, Chandlerfs Ford
Eastlelgh S053 3DA
Page 3

THE LANTERN COMMUNITY
(Company limited by guarante6 and not having a share capital)
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The company was establishad under a memorandum of associatlon vthlth establlshed the objects and powers of the charitable o)mpany and is govemed under Its artlcles of
association. This document was amanded by special r8solutions on 30 April 2007, 19 November 2012. 29 August 2014 and 28 September 2019.
APPOINTMENT AND TRAINING OF THE TRUSTEES
There must be at least five Trustees at any time and no more than two may be c(Fvnrkers. Trustees shall be proposed for appointment by the existir@ Trustees. The Board seeks
to have Trustees with a range of competenaes and backgrounds. to allow it to effectively fuffil its role. An induction pack is provided for all Trustees and speciali8t training is carried
out on topics such as governance from time to time as required.
MEMBERS
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in tha event of winding up. The total number of such guarantees at
31 March 2025 was 130 (2024: 131).
GOVERNANCE OF THE CHARITY
The Trustees recognise their ultimate responsibility for directing the affairs of The Lantern Communty and for ensuring that tt is solvent. well-run, and delivering the charitable
outcomes for the benefit of the public for which it has been set up.
The Trustees meet together at least quarterly to review reports from management and to discuss matters such as the strategic direction of The Lantem Community, govemance
issues and certain financial matters. A number of Committees and Working Groups have been established to ensure that these matters can be prop8rly addressed. These
committees are seen as part of the on-going structure of the community and membership consists of Trustees and members of the Lantern Management Group. A pattern of at
least four meetings each year has been estsblished. The dates for these four meetings are fixed well in advance 50 that reports Can be considered by Trustees prior to Trustee
Board meetings.
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THE LANTERN COMMUNITY
(Company limited by guarantee and not havlng a share capltal)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
Charitable Ob.
Under the Memorandum and Artides of Association adopted on 29 August 2014. th8 objects of the tharity ar8 as follows:
To r81i8ve sickness, promote good health, provide care to and advance the education and training of people with a disabilty (whether mental or physicall, the young, the old. or
people otherwise in need. in accordance with the principles of Dr Rudolf Sleiner, particularly (without limitation) by the establishment and maintenance of intentional communities in
the fom of wllages. residential houses. day centres. kindergartens, schools. colleges or other types of social and l or educational communty in which beneficiaries live and l or
work and l or to whlch they othervrise resort. in community with persons providing support (known as °Ctrworkers°).
We have referred to th8 guidance wntained in the Charity Commission's general guidance on public benefft when revi8v￿ng our aims and objectives and in planning our future
objectives. In particular the Trustees consider how planned activities will contribute to the aims and objectiv8s they have set.
Activities
The provision of housing for its beneficiaries who choose to live vAthin a social and therapeutic community. The Lantem Community consists of eleven houses for
beneficiaries. all with easy access to the town of Ringwood in Hampshire. We ended the year with a residential population of sixty-four people in the Lantem Community in
Ringwood. Fifty-one are adults wtth leaming disabilities who hold their tenancies. seven are short terni volunteer workers. three are long tenn C￿wOrk8rS and three are retired
long term Co-workers.
The provision of personal care serlices to meet the care needs of beneficiaries. The Lantern Community offers Personal Care servtces to people vtho live in or near the
Lantern Community Estate or vtho use the Day Services on the estate. The Lantem Community has a certificate of registration with the Care Qualty Commission (CQC) for the
regulated activity 'personal care,. The Lantem Communty as a service provider has two registered locations.
The provision of support services to assist in developing the beneficiaries. independence and enabling them to maintain their tenancy. The Lantern Community worked closely
WSth East Boro Housing Trust who continue to provide expertise in managing tenancies and related matters. Another link to extemal expertise is maintained with Worknest (fonnerly
known as Ellis Whittam) providing advice on employment law. HR and health and safety in an unlimited support agreement covering these important ar8as.
The provision of Day Services which create opportunities for work experien￿, lrfelong leaming. artistic and educational developmenL The work and training facilities are
Estate Work, Pottery. Art Studios, Weaving. Seasonal Crafts. Home Making Skills, Café. Bakery. Gift Shop, a Spinnery and Horticultural Nursery. many of these selling products to
the general public.
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THE LANTERN COMMUNITY
(Company limited by guarantee and not having a share capltal)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES - conlinued
Ob'ectives
To provide a range of accommodation. workshops and social settings, staffed by highly mottvated employees and volunteers able to support adults vtho have leaming
disabilities.
To provide opportunities for adults with leaming disabilities to meet and interact with a wide range of people within the security of The Lantem Community and to develop the
skills to engage with th8 wider community.
To support people to build relationships and develop their confidence so that they tske a full and active role in society.
To extend and develop the range and qualty of the services offered in direct ￿SpOnSe to the needs of those adults wtth a leaming disabilty.
Companions
During the year. the number of companlons reached 51 as we bid farewell to iwo of our companions to whom we wish every success in their future Joumeys, and we were dellghted
to welcome a new companion who joined our community in July 2024.
In the Y￿rkshops. more day placements have been findized shortly after the end of the fiscal year and the totsl number has reached 20 as at the beginning of July 2025.
Assured Tenancies
The Trustee Board, in collaboration with th8 management group. extended offers of assured tenancies to all companions who had b88n in plac8 for over 12 months. These
tenancies offer the highest level of security, refiecting the charitys deep c(#nmitment to the long-temi wellbeing and stability of tts beneficiaries.
Volunteer Vlsa Challenges and Contingency Planning
A significant challenge durirvJ the year was related to our co-workers (volunteers). who are ￿ntral to our lrfe-sharing ethos in the house communttses. Historically, this model has
been integral to our charivs identity. However, we began experiencing increased vlsa reiecbons for these vital volunteers. In response, we sought support frorn stakeholders to
lobby against the UK Home Office's decisions. We extend our heartfelt thanks to a]1 who SUpp￿d us in this matter.
To mitigate the impact, W8 developed a Thr8e-Year Business Plan (xrtlining how to restructure support in the houses without voiunt88r assistance. Some rooms previously
allocated to co-workers were reassigned to prospective companions. aligniNJ wtth our approach to making the best use of our assets.
We are pleased to report that the visa crisis has now eased. While the number of incoming volunteer5 remains reduced. we are once again welcoming them into the community.
This period prompted a comprehensiv8 review of C(￿Worker roles and their contributions. vthich is ongoing.
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THE LANTERN COMMUNITY
(Company limlted by guarantee and not havlng a share capftal)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES - continued
Night Cover Enhancem8nts
Responding to the evolving needs of our companions, the communty has revtewed night cover aTTangements across all sites. We are implementing a waking night cover
provision for all on-site companions. wtth the exc8ption of Tawa and Willow End, which are slightly off-site. This change is being implemented with the support of our main funder.
Dorset County Council (DCC), and aims to create a more robusL proactiV8. and future-prwf s￿rn of night supwrL
Flnancial Update
Finances presented another area of concern due to prolonged uncertainty surrounding our hourly rate negotiations with DCC. Fortunately. by August 2024, an agreement was
reached. resulting in an increase in our hourly rate. This allowed us to implement a mid-year 5.oyo pay rise for dl staff working in the residential team-a token of our appreciatlon
and a measure to remain competitive in a tight recruitinent markeL
Addrtionally. the Trustee Board introduced an Investments Policy to optimis8 the chaiiiys financia] resources. Invesknents in gilts and bonds were made with the assistance of a
reputed Financial Adviser to protect our reserves from inflation and to strengthen long-temi financial sustainabilty.
Building and Infrastructure Projects
Our community has been active with several significant building projects. including:
Installation of new pdyiunnels for the land workshop and overall refurbishment of the area involved so to create a more suitable and safer working environment for our
companions
Total refurt)ishment of the temporary pottery building and art workshop
Creation of a new land workshop shed
Refurbishment of various office spaces
In line with our Enmronmentsl Policy and commitinent to sustainabilty, ￿￿ also installed solar panels on the roof of one of our houses. demonstrating our ongoing efforts to improve
energy efficiency.
An environmental review was undertaken to update the maintenance plan, which will irffluence fuknre budgets. It was ad(novledged that health and safety must remain a central
focus while managing expeGtations effectively.
Craft Centre and New Workshop Spaces
Our Craft Centre (Pottery and Art building) remains out of use. with no resolution yet reached with the relevant parties.
Despite thls. all our V￿rkShopS are operating as before although in temporary acCommodatic￿s.
Y C Chan Centre
The Trustee Board and management have reviewed and revised the plans for the new building proiecL We are moving forward with a more streamlined design that will include two
larger workshop rooms and a communal social space. This new facility will be named the YC Chan Centre. in recognition of our donors. contributions. Each workshop will feature
dedicatsd outdoor space, and the building design will refiect the aesthetic and values of the communrty.
We are now in the final stage of the relevant Planning Authorisation process
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THE LANTERN COMMUNITY (Company limtted by guarantee and not having a share capital)
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE - continued
Community Life and Celebrations
Our social and cultural calendar remained full and vibrant. Highlights induded the Winter FayTe. which vrds combined wtth the Martinmas Festival-a magical occasion shared with
families and friends in November 2024 while an opening cereM￿Y of the new Land Workshop area was held on the 5th of July on the Parents Forum 2025.
Cyber Security Enhancements
To strengthen our cyber security, we have invested in new laptops and compuiers to ensure compliance with C>ber Essentiais. We are in the pn)cess of implementing multi-factor
authentication for all system access. Once complete, we will aptAy f(Y official Cyber Essentials certification.
HR and Tralnlng
Staff recruitment and retention continued to be key challenges throughout the year. However. through the Skilled Worker Sponsorship r(xrte. we were able to SUCC&8sfully employ
slx indivlduals from overseas. We are closely monitoring recent and ongoing developments in the Health and Social Care Workers Visa Route to ensure complianc8 and continued
access to this recruitrnent pathvrfay.
As part of our commitment to inclusive employment practices. we have signed up to the Disabilty Confident Stheme, demonstrating our dedication to supporting individuals with
disabilities across a variety of roles within the communty.
We have continued to delrver both mandatory and specialised training to our staff, ensuring they are equipped with the necessary skills. knovledge, and competencies to perfomi
their roles effectively and confidently.
To enhance operational efficiency, we have also invested in several softwar8 Systems to improv8 proc8SS8s ￿lated to payroll, absence management. and staff training. These
tools are helping us streamline administrative functions and support a rnore responsive and data4nformed HR function.
This year has brought both challenges and growth, and we are proud of the resilience and unity shown by our communty. The steps taken ensure we are well-positioned to
continue deliverfng on our mission in the years ahead.
Page 8

THE LANTERN COMMUNITY
(Company Ilmited by guarantee and not havlng a share capltal)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
Plans forthe comlng year
Ensure our care provision maintains a CQC rating of 'Good' as a minimum.
We will continue with the current strategy of integrating the ageing companions and retired c(Fworkers in the communty. We will strive to meet the needs of our changing
population.
We will aim to meet the changing needs of people with dlverse ablllttes wl)o approach us. To do thls we will adapt some of our workshops for thos8 who may wish to hav8 a
slower pace of life in their old age or ty something dIffe￿nt.
We will fill the vacancies in residential and reach full capacity.
We will continue to make sure all of our benefioaries live in accommodation that is fft for purpose and in good condition.
We will endeavour to r8ach a resolution regarding the dispute aboLrt the Art and Pottery building.
We aim to stsrt building a new creative art centre in the budget year 202&26 and complete it by the end of our 2026-27 budget spar. Folloving the completion of the creative
art centre. we will complete the essential upgrading of the other premises as well as landscaping around the new building.
Ensure staff are equipped to care for Companions with dementia.
Improve staff and volunteer recruitment and retention.
Invest in technology to improve our effectiveness and efficiency.
Pursue qrovrth in income. bv increasinq:
Donations. fundraising and legacies.
Number of workshops and day placements.
MEDIUM TERM PLANS
We will persevere to y￿rt{ with our organisation values to maintain the ethos and Ihe fabric of an intentional community.
. Develop a long-temi staff and volunteer recwitment and retention strategy and plan. to indude:
Apprenticeships.
Number and roles of Volunteers.
Staff training and development.
Develop a long-tenn plan for making our buildings and accommodation ￿ for the future.. to indude-
Modemise Companion accommodation.
Pottery and New Building. including space for increasing wDrkshops.
Evaluate the potential for future acquisitDns.
PAY POLICY
Due to a national scarctty of Ca￿ staff, and exp8Ctations of a significant incr8ase in the Thqte of inflation, and also as a sign of appreciation for their commitment and resilience
during the difficult times, all our staff were awarded a significant pay increase of 10.0%, effective from April 1st 2024, and an additional 5.2 /0 effective from 1 st December 2024.
PaEe 9

THE LANTERN COMMUNrrY {Company Ilmlled by guarantee and not having a sharo capital)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
RISK MANAGEMENT
The Trustees have established a process for reviewing the key risks facing the charity and for ensuring that actions are taken to manage those risks. A detailed Risk Regisler is
maintained. Indivtdual risks are reviewed by the appropriate committee and the results reported to the Board of Trustees. The Trustees have given consideration to the major risks
to which the charity is exposed and are satisfied that systems and procedures are in place to manage those risks or that action is being taken to establish suth systems and
procedures.
The two principal risk areas are:
erational Risk
Craft Centre.. As previously reported a number of building and design faults have been identified in one of the craft centre buildings (pottery and art). We are in a pre-action protocol
with the architect, who also acted as the project administrator. as well as the company which carrted out the construction w￿rkS. We have appointed lawyers to represent us and
have also appointed court approved Expert Witnesses to darify the problems wilh the building (Please sea not8s 12 and 13 in the not8S to these accounts).
Another operational risk thal The Lantern Community needs to take into account in the coming years is the continuing negative impact of Brexit on the recruitment of volunteers. in
particular on the numbers of ctrworkers. The Lantem cornmunity. in common with most Camphill Communities is very reliant on residential volunteers for cultural enrichmenulife
sharing. A reduction in voluntary c(kVKIrf(ers. because of dtfficulties in obtsining vlsas. would mean losing a very important aspect of communty life. The Lantern Community is
worklng with other communibes in creating an awar8n8ss and lobbying about the importanc8 of having co-workers in Camphill communities.
Finance Risk
The Finance Manager has the relevant qualifications and experience to maintain the professional approach in finan￿s. The Lantem Communty investsd in a good compuierised
finance system. Advanced Exchequer, which is kept up to date. Quarterly management accounts are produced for management and the Trustee Board.
Page 10

THE LANTERN COMMUNrrY
(Company limited by guarantee and not havlng a share capital)
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL PERFORMANCE
Total incoming resources on charitable actsvibes for the sear totalled £4,020.766 (2024: £3.725.873). Of this amount £2.929.841 (2024: £2.715,661), or 72.9% (2024.. 72.9Y.).
related to care fees mostly paid for by local authorities. In parlicular, Dorset County Council contributed £1.931.818 (2024.. £1.919.753). or 48.0¥0 (2024: 51.50A). of total income
from charitable activities. In addition, housing benefit of £653.611 {2024: £557,256). or 16.30/0 (2024: 15.0°A). of our total income from charitable activtties was received from East
Dorset District Council on behalf of our companions and long term volunteers. It can seen that a signtficant proportion of incom8 comes from local govemment and that changes
in government policy Could have a notsble effect on The Lantern Communitys financial situation. Relalions with both Dorset County Council and East Dorset District Council remain
positive.
The Board of Trustees of The Lantem Community continues to measure actual financial perfomiance against budgets at every meeting of the Board.
PERFORMANCE CRITERIA- ExfERNAL QUALITY MEASURES
There were Health & Safety audits by Worknest (fomierty knothn as Ellis Whittam) and fire risk assessments by Dorset Fire Protection. Th8 Lantem Community considers these
external r8POrts and assessments to be helpful and is responsive to proposals or comments made.
RESERVES POLICY
The Trustees have contlnued to review the level of reserves held by th8 charity in line with the guidance set out by the Charity Commission. Sufficient reserves need to be available
to cover unfores88able fluctuations in income and cash flow. The Trustees consider that the￿ should be cover for at least approximately six months of expenditure.
As at 31 March 2025 General Reserves stood at £2.487.313 (2024: £2,280.107). Of this £119,789 (2024." £80,483) represents non land and buildings tangible frxed assets. leaving
free reserves of £2.367.524 (2024: £2.199,624). equivalent to 6.2 months of continuing operational expenditure (2024: 7.0 months). Please also see note 16.
The purpose, movements and balances of all the restricted and designated funds are set out in Notes 15 and 16 respectively. The Propety Capttal Fund can only be realised on
disposal of the property and settlement of the related loans.
In the coming year the trustee5 may designate fijnds for short- and longer-tem propety maintenance and alterations.
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THE LANTERN COMMUNITY
(Company limited by guarantee and not having a share capltal)
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF DIRECTORS. RESPONSIBILrriES
The Trustees (who are also th8 directors of The Lantem Community for the purposes of company law) are responsible for preparing the financial staternents In accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires tha Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they
are satisfied that they give a true and fair view of the stste of affairs of the charitable company and of its incoming resources and application of resources. including ts income and
expenditure. for that period. In preparing these financial statements. Ihe Twstees are required to:
- select suitable accounting policies and apply them consistenty,
- observe the methods and principles in the Charities SORP:
- make judgements and estimates that are reasonable and prudent.
- state whether applicable UK Accounting Standards have been followed. subject to ary material departures disdosed and explained in the financial statements; and
- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companys transactions and disclos8 with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statsments comply wtth the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities.
STATEMENT OF COMPLIANCE
The Trustees believe they have complied wtth all currently prevailing la￿￿ and regulations that apply to the charity and ts operations.
AUDITORS
So far as the Trustees are aware. there is no rdevant audtt irrfomiation (information needed by the CoMpan￿S auditors in connection with preparing their ￿pOrt) of which the
companls auditors are unaware. Each trustee has tsken all Ihe steps that ought to be taken as a trustee in order to make themselves aware of any relevant audit infonnation and
to establish that the companWs auditors are avRre of that infonnats'on.
The provision of auditing s8rvices was subjected lo open compekn'tion in 2021. A resolution to appoint Knlgm Goodhead, were select8d to succeed PKF Francis Clarke as the
Lantem Communitys auditors. was approved by the charitys members in their Annual General Meeting which was held on October 2nd 2021.
This report has been prepared in accordance wtth the Companies Act 2006, and complies with the chariws governIng￿0Curnent and 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 (FRS102) {effectiV8 1 January 2024).
The Strategic Report is also hereby approved.
Approved by the Trustees and signed on their behalf by lan Humphries (Twstee)....
2z se•FWE4L
Page 12

INDEPENDENT AUDITORS. REPORT
TO THE MEMBERS OF THE LANTERN COMMUNITY
OPINION
We have audited the financlal statements of The Lantam Cornmunty (the 'charits1) for the year ended 31 March 2025, vthich comprise the Statement of Flnancial Activities,
Balance Sheet and Statement of the Cash Flow3, induding a summary of significant accounting policies. The financial reporting framework that has been applied in their
preparation is United Kingdom Accounting Stsndards, comprising Charities SORP FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and
applicable law (United Kingdom Generally Accepted Accounting Practtce).
In our opinion the financial ststements:
give a true and fair view of the state of the charitable compan￿5 affairs as at 31 March 2025 and of ts results for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Acc￿unting Practice: and
have been prepared In accordance the requirements of the Companies Act 2006.
This report is made solely to the charitable companls Trust8es, as a body. in accordance with Chapter 3 of Part 16 of th8 Companies Act 2006. Our audit work has been
undertaken so that we might state to the Charitys Trustees those matters we are requir8d to state to them in an auditorfs report and for no other purpose. To the fullest extent
pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its Trustees as a body. for our audit work, for this reporL or for the
opinions we have formed.
BASIS FOR OPINION
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiifoes under those standards are further
described in the Auditorfs responsibilitses for the audit of the financial statements section of our reporL We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirem8nts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, V￿ have conduded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perforned, we have not identified any materlal uncertainties relating to events or conditions tha( individually or collectively. may cast signfficant doubt
on the Charity's ability to continu8 as a golng concem for a period of at least t¥velve months from when th8 original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the relevant sections of this reporL
Page 13

INDEPENDENT AUDtroRS' REPORT
TO THE MEMBERS OF THE LANTERN COMMUNITY
Other information
The Trustees are responsible ft)r the other infomiation. The other infomiation comprises the infonnation inctuded in the Trustees, annual report, other than the financial statements
and our auditorf5 report thereon. Our opinion on the financial statements does not cover the other infonnation and. except to the extent otherwtse explicitEy stated in our report, we
do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other infomation and. in doing so. consider whether the other information is materially
inconsistent with the financial statements or our kno￿edge obtained in the audit or otherwise appears to be materially misstated. If we identify such matertal inconsistencies or
apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other
Information. If, based on the work we have performed, Y￿ conclude that there Is a material misststement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
OPINION ON OTHER MAThERS PRESCRIBED BY THE COMPANIESACT 2006
In our opinion. based on the work undertaken in the course of the audiL'
the infomiation given in the Trustees. annual report for the financial year for which the financial statements are prepared is consistent with the financial statements: and
The Trustees, annual report has been prepared in accordance with applicable legal requirements.
MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our kno￿edge and understanding of the company and ts environment obtsined in the course of the audit. we have not identifièd material misststements in the
financial statements.
We have nothing to report in respecl of the following matters where Ihe Companies Act 2006 requires us to report to you rf. in our opinion:
adequate accounting records have not been kept or retums adequate for our audtt have not been ￿￿1Ved frorn branches not visited by us. or
the financial statements are not in agreement wtth the accounting records and retums. or
certain disclosures of Trustees, remuneration specffied by law are not made: or
we have r￿t received all the information and explanations we require for our audlt.
As explained more fvlly in the Statement of responsibiliti8s of Trustees set out on page 11. the Trustees are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view. and for such intemal control as the Trustees detennine is necessary to enable the preparation of financiat statements that are free from
material misstatement. whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitys abilty to continue as a going concem, disdosing, as applicable, matters related to
going concem and using the going concern basis of accounting unless the Trustees etther intend to liquidate the chartty or to cease operations, or have no realistic altemative but to
do so.
We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Page 14

INDEPENDENT AUDITORS, REPORT
TO THE MEMBERS OF THE LANTERN COMMUNrrY
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the report of the executive committee, the trustees are r8s￿nS￿l le for the preparation of the financial statements and for being satisfied that they give a
true and fair view, and for such intemal control as they detemine is necessary to enable the preparation of financial statements that are free from material misstatement. whether
due to fraud or error.
In preparing the financAI ststements, the trustees are responsible for assessing the chaiitable companys abilty to continue as a going concem, dlsdosing, as applicable, matters
related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charilable company or to cease operations, or have no
realislic alternative but to do so.
AUDITOR'S RESPONSIBILrriES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a vthole are free from material misstatemenc whether due to fraud or e￿Or, and to
issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK)
will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements.
T￿egularitIeS. including fraud, are instances of non-compliance wtth laws and regulations. We design pro￿ureS in line with our responsibilities. oullined above, to detect material
mi5Statements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting iTregulartties. including fraud is detailed below.
The engagement partner ensured Ihat the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non-
compliance with applicable laws and regulations.
We identified the laws and r8gulations applicable to the charitable company through discussions with trustees and other managernent and we assessed the extent of compliance
with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.
We assessed the susceptibilty of the charitable CoMpan￿S financial statements to material misstatement, induding obtaining an understanding of how fraud might occur. by
making enquiries of management as to where they considered there v￿S susceptibility to fraud. their knowledge of actual. suspected and alleged fraud and considering the internal
controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls. we perfomied anatyli(31 procedures to identify any unusual or unexpected relationships, tested
journal entries to identify unusual transactions and investigated the rationale behind significant or unusuai transactions.
In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which induded. but were not limited to:
Agreeing financial statement disclosures to underlying supporbng docUmentsti(￿,.
Reading the minutes of meetings of those charged wtth govemance. and
Enquiring of management as to actual and potential litigation and dairns.
There are inh8rent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we
would become aware of non-compliance. Auditing standards also limit the audit Pr{￿dureS required to identfy non¢(￿p11ance with laws and regulations to enquiry of the trustees
and other management and the inspection of regulatory and legal correspondence. rf any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they May involve deliberate concealment or collusion.
Page 15

INDEPENDENT AUDITORS. REPORT
TO THE MEMBERS OF THE LANTERN COMMUNITY
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at:
httpsJlwww.frc.org.uklaudttorsresponsibilities. This description fomis part of our auditorfs reporL
Knight Goodhead Limited is eligible for appoirrtment as auditor of the charitable company by virtue of its eligibility for appointment as audttor of a company under section 1212 of the
Companies Act 2006.
USE OF OUR REPORT
This report is made solely to the charitable companys Trustees. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been
undertaken so that we might state to the charitys Trustees those matters we are required to state to them in an auditofs reFX)rt and for no other purpose. To the fullest extent
Permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and tts Trustees as a body, for our audit work, for thls report, or for the
opinions we have formed.
Christopher Goodhead FCA (Senior Statutory Audttor)
For and on behalf of Knight Goodhead Ltd,
Chartered Accountants and Ststutory Auditor
Knlght Goodhead Ltd
7 Boumemouth Rd, Chandlerfs Ford
Eastleigh S053 3DA
I O QCTt9f&>
Date:
4*2025
Page 16

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
(including Incorne and Expenditure Account)
Unrestricted Restricted
Funds
Funds
2025
Total
2024
Total
Notes
Income from"
Charitable actiNllties
Investments
Total income
4.020.766
98.317
4,119,083
4,020,766
147,360
4,168,126
3,725,873
124,822
3.869.489
49.043
49,043
Expenditure on:
Raising funds
Charitable activities
Total expendlture
6.420
3.908.869
3.915.289
6,420
3,939,132
3,945.552
1,935
3.465,215
3.467,150
30.263
30.263
Net income before donation and legacy income
Donations and legacies
Net income after donation and legacy income
Revaluation of properties
Net movement in funds
Reconciliatlon of funds:
Revaluation reserve brought forward
Transfer of funds
Total funds brought forward
Total funds carried fO￿ard
203.794
439.884
643,678
48,275
691,953
18.780
222,574
439.884
662.458
48,275
710.733
402,339
18,794
421.133
(172,638)
229.701
15
17
18,780
18,780
17
15
18
2.755.143
164.272
8.942.442
12,553,810
2.755,143
2,927,781
{164.272)
1.743.627 10,686.069
1,598,135 14.151.945
10,283,730
13.441,212
18
All Income and expenditure derives from continuing activities.
Page 17

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
BALANCE SHEET AS AT 31 MARCH 2025
Nole
2025
2024
Fixed assets
Tangible assets
Intangible assets
10.021.052
34.725
9,421,363
32,848
Current assets
Stocks
Debtors
Cash at bank and in hand
Investments
10
12
28,001
318,476
1.619.566
2.853.424
4.819,467
{646,559)
26,960
322,957
4.378,372
11
4.728.289
{515.289)
Creditors: amounts falllng due wlthln one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Net assets
13
4.172.908
14.228.685
(76.740)
14,151.945
4,213,000
13,667,209
225.997
13,441.212
14
Charity Funds
Restricted Funds
General funds
Designated funds
Revaluation reserve
Total charity funds
15
16
16
17
18
1,598,135
2.487.314
7.263,078
2,803.418
14,151.945
1.743.627
2.280.107
6.662,335
2,755,143
13,441,212
The financial statements were approved and authorised for issue by the Board on atylr£8
Signed on behalf of the Board of Trustees by lan Humphries (frustee)
The notes on pages 22 to 43 form part of these financial statements.
Company registration number. 03T13749
Page 18

THE LANTERN COMMUNITY
(Company limited by guarantee and not having a share capital)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flow from operatlng actfvities
Net cash flow from operating activities
284,600
284.600
349.077
349,077
Cash flow from investing activities
Payments to acquire tangible fixed assets
Payments to acquire Flnancial investments
Payments to acquire intangible fixed assets
Receipts from sales of tangible fixed assets
Interest received
Net cash flow from investlng actlvltles
(235.785)
(2,804.000)
(5.837)
(103.095)
11
15,000
97,872
9,777
54,877
(2,990,745)
Cash flow from financlng actlvltles
Repayment of long tem loans
Interest paid
Net cash flow from flnanclng activities
14
(47.697)
{4,964)
(52.661)
{263,209)
(13.932)
(277.141)
Net Increase l (decrease) In cash and cash equivalents
Cash and cash equivalents at 1 April 2024
Cash and cash equivalents at 31 March 2025
(2.758.806)
4.378,372
1,619,566
81,713
4,296.659
4.378,372
Cash and cash equivalents consists of:
Cash at bank and in hand
Cash and cash equivalents at 31 March 2025
1,619,566
1.619.566
4.378.372
4,378,372
Page 19

THE LANTERN COMMUNITY
(Company limited by guarantee and not havlng a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(A) GENERAL INFORMATION AND BASIS OF PREPARATION
The Lant8rn Communty is an incorporated charity in the United Kingdom. In the event of the chartty being wound up, the liabilty in respect of the guarantee is limit8d to £1 per
member of the charty. The address of the registered office is given in the Gharity information on page 2 of these financial statements. The nature of the tharitys operations and
principal activities are providing housing, care and support within a social and therapeutic community.
The charlty constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accountlng and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance Y￿th the Financial Reporting Stsndard applicable in the UK and Republic of
Ireland (FRS 102) issued on 16 July 2014. the Financial Reporting Standard applFcable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the
Companies Act 2006 and UK Generally Accepted Praclice as it applies from 1 January 2024.
The financial statements are prepared on a going concem basis under the historical cost convention, modffied to indude certain items at fair value. The financial statements are
prepared in sterling which is the functional currency of the charity and rourKled to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented
unless otherwise stated.
(B) FUNDS
Unrestricted funds are available for use at the discretion of the Trustees in furtheran￿ of the general objectives of the chaiity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purFoses. The aim and use of each designated fund is set out in the notes to
the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imp￿sed by donors or which have been raised by the charity for particular purposes. The
cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financia] statem8nts.
(C} INCOME RECOGNrrioN
All incoming resources are included in the Statement of Financial Actsvities (SOFA) when the charity is legally entitled to the income after any perfonnance condÈtions have been
met, the amount can be measured reliably and it is probable that the income viill be received.
For donations to be recognised the charity will have been notified of the amounts aThJ the setuement date in writing. If there a￿ condttions attached to the donation and this requires
a level of perf0nr1an￿ before entitlement can be obtained then inccKne is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the
char5tv and it is probable that they wll be fulfilled.
No amount is included in the financial ststements for volunteer time in line the Statement of Recommended Practice {FRS 102).
Page 20

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
IC) INCOME RECOGNITION - continued
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion
legacies will be nottfied to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset
and disclosed.
Income from trading activities is generated by supplying goods and Se￿ICeS in order to raise funds and is recognised when entitlement has occurred.
The charity receives fees from local government in respect of services and facilities provÉded. Income from govemment and other grants and fees are recognised at fair value when
the charity has entitlement after any performance conditions have been met. it is probable that the income VAII be recelved and the amount can be measured reliably. If entitlement
Is not met then these amounts are deferred.
Investment income is eamed through holding assets for investrnent purposes such as deposiks. It includes interest income which is recognised as the charitys right to recetve
payment is established.
(D) EXPENDITURE RECOGNITION
All expenditure is accounted for on an accruals basis and has been classffied under headings that aggregate all costs related to the categ)ry. Expenditure is recognised where
there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured
reliably. It Is categorised under the following headings:
Costs of raising funds includes publicity and adv8rtising costs incurred in seeking votuntary contributions. They do not include the costs of disseminating infonnation in support
of the charitable activities;
Expendtture on charitab18 activibes includes th8 costs of operations directed towards fulfilling the charitable objective: and
Other expenditure represents those items not falling into the categories above.
Irrecov8rable VAT is charged as an expense against the acbvity for ￿thIch expendibJr8 arose.
Support costs are those that assist the work of the chaiity but do not diredy represent charitable aclivities and include office costs. govemance costs, and administrative payroll
costs. They are inCu￿ed direclly in support of expenditure on the objects of the chaiity and include project management. Where support costs cannot be directly attributed to
particular headings they have been allocated to the cost of raising funds and expendtiure on charitable activitias on a basis consistent with the use of the resources. Premises
overheads have been allocated based on the localion where possible or based on area and other ovthads have been alIC￿ated on an activity level basis.
The analysis of these costs are included in note 3.
IE) GOVERNMENT GRANT INCOME
A grant that becomes receivable as compensation for expenses already incurred will be reccMJnised in profit or loss in the same period in which the related expense És incurr8d.
(F) TANGIBLE FIXED Assrrs
Tangible fvAed assets. ex￿pt for land and buildings, are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impaimient losses. Cost
includes costs direcdy attributable to making the asset capable of operating as intended. Land and buildings are stated at market value less accumulated impairment losses.
Page 21

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
(F) TANGIBLE FIXED ASSEt5- continued
Depreciation is provided on all tangible fixed assets. except for land and buildings. at rates calculated to write off the cost. less estimated residual value, of each asset on a
systematic basis over its expected usefvl lrfe as follows:
Freehold land
Nik see below
Freehold buildings
Nik see below
Furnitur8 and Equipment
20% reducing balance
Computer Equipment
33QA reducing balanc8
Motor vehicles
25¢A4 reducing b￿ance
The Lantern Community changed its accounting policy in connection with Land and buildings in its financial year 2022123. In previous financial statements an historical cost less
depreciatlon model had been adopted. The effective date of the revaluation in these accounts was on April 1st 2022. A finn of Chartered Surveyors, authorised by the Royal
Institution of Chartered Surveyors {RICS), valued the charstys properties located at our Flngwood campus on July 4th 2022. July 5th 2022 and August 17th 2024 and the fair values
recorded on those dates were used in our 2022123 finanoal ststements. For subsequent yEars adjustrnents have been made to reflect property indices published by the Office of
National Statistics. Our property on the Isle of Wight was not valued by a RICS approved surveyor however its fair value has been dete￿nIned by using a combination of indi￿$
from HM Land Registy as well as cornparisons to actual sales of similar local properties.
The Lantern Community will appoint RICS approved surveyors to carry out fomial valuations every five years vrith the next valuation expected to occur in our 2027128 financial year.
In be￿een these 5 yearfy fomal valuations we will adjust carrying values using property price indices available from HM Land Registry.
(G) STOCK5
Stocks are stated at the lower of cost and estimated sdling price less costs to complete and sell. Cost indudes all costs of purchase, costs of conversion and other costs incurred
in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out fomiula. Provision is made for damaged, obsolete. slow-moving or otherwise
imDaired stock where aDDfoDriate.
(H) DEBTORS AND CREDITORS RECEIVABLE I PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest rate and r￿1Vable or payable within one year are recorded at transaction price. Any losses arising from impainnent are recognised in
expenditure.
(11 LOANS AND BORROWINGS
Loans and borrowing5 are inrlially recognised at the transaction price induding transaction costs. Subsequenty, they are measured at amortised cost using the effeclive interest
rate mothod, less impaimient. If an arrangement constitutes a finance transaction li is rneasured at present value.
(J) CONCESSIONARY LOANS
Concessionary loans include those received from third parties which are interest free or below market interest rates and a￿ made to advance charitable purposes. Loans repayable
on demand within one year are measured at cost. less impairment. Concessionary loans repayable in over one year are measured al cost as no interest is chargeable.
(K) IMPAIRMENT
Assats nol measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of
the asset is estimated and compared to the carying amount.
(L) PROVISIONS
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event. it is probable that an oufflow of economic benefits will be
reqUI￿d in settlement and the amount can be reliably estimated.
Page 22

THE LANTERN COMMUNITY (Cornpany limited by guarantee and not having a share capital)
(Company limited by guarantee and not hawng a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
(M) EMPLOYEE BENEFITS
When employees have rendered service to the charity, short-tem employee beneffts to which the employees are enliued a￿ recognised at the undiscounted amount expected to
be paid in exchange for that service.
The charity operates a defined contribution plan for the benefit of its employees. Contrb] utions are expensed as they become payable.
(N) TAX
The charity is an exempt charity wlthin the meaning of schedule 3 of the Charities Act 2011 and is c(￿Idered to pass the tests Set out in Paragraph 1 Schedule 6 Finance Act 2010
and therefore It meats the definition of a charitable company for UK corporation tax purposes.
(O) GOING CONCERN
The financial statsments have been prepared on a going concem basis as the Trustees believe that no material uncertainties exist. The Twstees have considered the18V81 of
funds held and the expected level of income and expendilure for 12 months from authorising these financial statements. The budget8d income and axpenditure is sufficient wth the
level of reserves for the charity to be able to continue as a going concem. As explained in the Trustees report on page10, the Trustees have considered the uncertainty relating to
the coronavirus pandemic, which began just before the start of our 202￿21 financial sear, and the impact on the chari￿s operations and finances in the short to medium temi. In
the opinion of the TnL8tees, with its robust income stream as V￿11 as 6.2 months or £2.367.524 of free reserves and the constant monÈtoring and control of costs. the charity has
sufflcient working capital to continue to meet its financial obligations and pay its liabilities as they fall due for the foreseeable future and therefore the financial statements have been
prepared on a going concem basis. The Trustees have consid8r8d the level of funds held and the expected level of income and expenditure for 12 months from authorising these
financial statements. The budgeted income and expenditure is SLrfficient with Ihe level of reserves held for the chaiity to be able to continue as a going concern.
(P) INTANGIBLE ASSErs
Intangible fixed assets are stated at cost less accumulated depreciation and accumulated impairnient losses. The estimated useful life is 10 years and amortisation is charged to
the profit and loss account on a straight line basis.
(Q) JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAIKrY
The following judgements (apart from those involving estimates) have been made in the process of applytng the above accounting policies that have had th8 most significant effect
on amounts recognised in the financial statements:
The key assumptions conceming the fvture and other key sources of estimation Un￿rtaInty at the reporting date that have a signfftant risk of causing a material adjustment to the
carryinq amounts of assets and liabilities ￿rythin the nexi financial VEar include:
The amounts set aside for designated funds to cover fuiure costs.
(R) FINANCIAL INSTRUMENTS
Current asset investments are investments which the charity holds for resale or perKling their sale and cash or cash equivalents with a maturity date of less than one year. Current
asset investment are In￿allY measured at cost and subsequent changes in fair value are recognised through the Statement of Financial ActNity.
Page 23

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capilal)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
2 INCOME
Total
2024
Resldentlal
Workshops
Intomal saJ•s
ellmlnated
DONATIONS AND LEGACIES
Donations, legacies and similar Incomlng resources
CHARITABLE ACTIVITIES
Fees and contributions- local authorities l other sources
Rent and service charges
Ineligible and mobility
Shop l Café I bakery & otherworkshops sales
Other income
439.884
439.884
18.794
2.343.758
607.097
328,020
586.083
2,929,841
607,097
328.020
142.818
12.990
4,020,766
2,715,881
514.726
308,001
147.989
39.496
3,725.873
220.968
1.560
808.611
178,150)
(9,000)
(87.150)
20.430
3.299,305
Totsl incomlng resources from charitable activities
Reinvested Investment income (see nt)te 11)
Realised and unrealised gains on investrnents (see note 11)
Bank interest received
38.631
33.477
20.370
5,649
59,496
72.108
20,370
54,882
147,360
49,233
87.864
124,822
124,822
Total investment income
TOTAL INCOME
3.827,053
868.107
87.150
4,608,010
3,869,489
TOTAL EXPENDITURE {see note 3)
NET INCOME FOR THE YEAR
(2.989.638)
837,415
(1,043,064)
174,957
87,150 (3,945,552)
662,458
(3.467,150)
402,339
Income from donations and legacies was £439,885 {2024 - £18,794) of which £337.230 (2024- £3.333) was attributsble to restrtcted funds (Note 15) and £102,655
(2024 - £15.460) was attributable to unrestricted funds (note 16).
Page 24

THE LANTERN COMMUNrrY {Company limtted by guarantee and not having a share capttal)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
3 EXPENDITURE
Residential
Workshops
Intomal salos
eliminated
Total
2025
Total
2024
RAISING FUNDS
Fundralslng and pUbli￿ty
CHARrrABLE ACTMTIES
Employed staff costs
CcFwork8r costs
Premises costs
Depreciation- owned assets- note 8
Amortisation of intangible assets- note 9
Office and administration
Medical costs
7.901
19
(1,500)
6,420
1,935
2.089.161
632,050
7.500
190.288
5.762
652
16,904
2,721,211
2.265.788
105.370
435.152
21.688
3.667
137,680
3,778
13.597
213.719
153,363
38,274
34,164
2,922
(7.500)
267.￿9
19,918
3.307
111.273
4.439
11,370
282,077
458,197
25,680
3.959
128.177
4,439
11,370
217.057
158.352
42.557
17,724
2,774
Garden and estste
Food. household and deaning
Cost of sales
Motor and travel expenses
Legal and professional fees
Bank charges
Investment managerfs charges (see note 11)
Loan interest
Realised and unrealised losses on investrnents (see note 11)
Sundry expenses
Audit and accountsncy
Trustee Board costs
8,527
162,955
{73,547)
(4,603)
42.503
13.268
2,780
3.639
4.864
30.962
5,406
8,222
3.597
2,981,738
(6)
6,133
4.864
36.669
5,406
10.284
3.597
3.939.132
12,995
5.707
6.505
11,925
4.628
3,465,215
2,062
Tolal ro$our¢es expended on charltable actlvlties
1,043,044
(85,650)
TOTAL EXPENDrruRE FOR THE YEAR Ise¢ note 2)
2,989,639
1.043.063
87.150
3.945.552
3,467,150
£30.263 (2024 - £30.000) of the above costs were attributable to restricted funds (Note 15). £3,915.289 (2024 - £3.437.150) of the above costs vftre attributable to unrestricted
funds (Note 16).
Page 25

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
4 DEFERRED INCOME
During the year paymants in advance of £71,543 (2024: £74,819) were received and have been treated as deferred incorne as they relate to the next financial year, and are
included within other creditors.
5 EMPLOYED STAFF COSTS AND NUMBERS
During the yoar, no Trustees were reimbursed expenses totslling £NIL (2024". Twstees, £NIL). No trustee recetved any remuneration in the current year or prior year.
During the year Indemnlty insurance of £1,064 {2024: £1,064) VRS paid to cover the Trustees in the event of any misrepresentation of the organlsation.
Employed staff costs were as follows."
2025
2024
Salaries and wages
Social securty costs
Pension costs
2.369.771
217.238
56.660
2.643.669
2,007,173
169.066
51.620
2,227,859
No employees earned mor8 than £60,000 p8r annum during the year under review (2024: Nil).
The average weekly number of employees during the year was as follows:
2025
2024
No.
Lantem Residential and Workshops
107
98
The employee benefits of key management personnel for the year ended 31 March 2025 was £404,285 (2024: £345,820). A list of key management personnel may be found on
page 3 of this documenL
6 TAXATION
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
7 AUDITORS REMUNERATION
2025
2024
Fees payable to the charivs auditor for the audit of the charitys annual accounts
10,110
11.055
Fees payable to the charivs auditor for other services:
174
869
VAT consultancy services provided by the charitys auditor
VAT consultancy costs are included in legal and professional fees in note 3.
PaEe 26

THE LANTERN COMMUNITY {Company limtted by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
8 TANGIBLE FIXED ASSETS
Freehold land & Assets under
buildings
construction
Furniture &
equipment
Computer
equipment
Motor
vehicles
Total
COST OR VALUATION
At 1 April 2024
Additions in the year
Revaluation to market value (see note 17)
Disposals in the year
At 31 March 2025
9,331,488
341.527
54.584
9,391
164,272
153,950
39.982
33,633
25.004
135,086
9,663,548
570,785
54,584
9.727,599
173,663
193,932
58,637
135,086 10,288.917
DEPRECIATION
At 1 April 2024
Charge for the year
Disposals in the y8ar
At 31 March 2025
103.962
12,249
24,475
113,748
5,567
242,185
25,680
116.211
32,339
119,315
267,865
NET BOOK VALUE
At 31 March 2025
9,727.599
173,663
77.721
26,298
15,771 10,021,052
At 31 March 2024
9.331.488
9.391
49.988
9.158
21.338
9,421,363
If land and buildings were measured at their historical cost the carrying amounts in these ac(x)unts would have been £7.411.312 (2024 - £7,069.785), being cost £7,411.312 (2024 -
£7.069.785) and accumulated depreciation £NIL (2024- £NIL).
The dosing balance of £173.663 in Assets under Construction relat8s entir8ly to costs incurred for the new YC Chan Creative Arts Centre. Please see associated restricted and
unrestricted funds in notes 15 and 16 respectively.
Page 27

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
9 INTANGIBLE ASSETS
2025
2024
COST OR VALUATION
At 1 April 2024
Additions in the year
Revaluation to market value
Disposals in the year
At 31 March 2025
36,675
5,837
36.675
42,512
36,675
DEPRECIATION
At 1 April 2024
Charge for the year
Disposals in the year
At 31 March 2025
3,828
3,959
161
3,667
7,787
3,828
NET BOOK VALUE
At 31 March 2025
¥725
The intangible asset relates to services purchased to configure and install a Cyber Essentials Certif￿ Local Area Network.
10 STOCK
As at 31 March 2025 stock was valued at £28,001 (2024: £26,960) and related to go(MJs for resale in the shop on the Ringwood estate.
11 INVESTMENTS
TOTAL
RESTRICTED UNRESTRICTED
Amount invested
Fund managerfs charges
Re-invested Income
Unrealised gain l (loss)
Loss in disposal of investrnents
Fair value as at 31 March 2025
2.804.000
(6.384)
72.108
(9.292)
(7.007)
2,853,425
1.550,389
(4.250)
38.631
20.370
(5.707)
1.599.433
1,253.611
(2,134)
33.477
(29.682)
{1,300)
1.253,992
Page 28

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
12 DEBTORS
2025
2024
Trade debt(Ys
Other debtors
Prepayments and accrued income
126,216
62.377
129.883
318.476
101.239
44,283
177.435
322,957
13 CREDrroRS: amounts falling due within one year
2025
2024
Bank loans (see note 14)
Unsecured concessionary loan - see note 14
Trade creditors
Other creditors
Other taxation and social securty
Accruals
Deferred income
49.326
100.000
149.264
57,032
61,696
157.698
71.543
646.559
47,767
127,173
71.182
54.854
139.494
74,819
515,289
14 CREDITORS: amounts falling due after more than one year
2025
2024
Unsecured concessionary loan - see note 13
Bank loans
too.000
125.997
225.997
76,740
76,740
Page 29

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
14 CREDITORS: amounts falling due after more than one year ¢onfd.
An unsecured concessionary loan has been advanced to The Lantern Communty by the family trust of a beneficiary. This loan is for an indefinite temi, but can become repayable
in certain events such as the beneficiary leaving the charity. In some arcumstances it can become repardble on demand. A side agreement was signed in the year ending
31 August 2014, in which it stated that the family trust would not require repayment of this loan before 1 September 2020. A subsequent side agreement has been signed in
May 2019, in which it stated that the family trust vrfould not require payment of this loan before 1 September 2025.
In 2017 two bank loans of £450.000 each were negotiated. secured on Wilbw End Cottage, Silver Birches and Badger Cottage. One loan is fixed rate at 3.220/0 for a ten year term
and the second had a variable rate of 2Yo above the Bank of England base rate for a ten year tenn. The chanty repaid to the bank the entire amount outstanding on the variable
rate loan in the year to 31 March 2024.
The bank loans are repayable by instalments as follows:
2025
2024
Within 1 year,
49.326
47.767
Be￿een 1 and 2 years:
Between 2 and 5 years,.
Between 5 and 10 years.
50.938
25.802
49,329
76.668
76,740
125,997
Total bank loans
126,066
173,764
15 RESTRICTED FUNDS
At 1 April 2024
Incomlng
Resources
Outgolng
At 31 March
2025
Transfers
Woodwork workshop
YC Chan Craft Centre
Support with gym running costs
Hillcrest activities
In memory of Jose Palau
New pergolas
For a new vehide
Fundraising by a companion
For a sensory garden
Ukraine war
Total reslricted funds
1.020
1.646.727
90,000
240
1.020
1,531,498
60,000
240
1,945
85
2.000
714
620
13
49,043
(164,272)
{30.000)
(263)
2.000
714
620
13
1,743,627
49,043
(30,263)
{164.272)
1,598.135
Page 30

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
15 RESTRICTED FUNDS cont'd
Woodwork Workshop
Donations were received and fundraising was undertaken for the purpose of contributing to the costs of a canopy for the woodwork vK>rkshop. These fund5 have not yet been
spenL
YC Chan Craft Centre (fom7erty Lantern Hall)
A large number of donations have been received and allocated to the project for a YC Chan Craft Centre at The Lantem Community in Rinwod.
Support witr) gym running costs
A donation was received to offset some of the operating costs of the new gym for a period of five years.
Hillcrest activities
A number of donations have been received with the instructton that they be used for aCts￿bes in Hillcrest, one of the houses in the communty.
In memory ofJose Palau
A day services client named Jose Palau passed avray during the year under review and donations were subsequentty received. The intention is a physical memorial will be
procured to preserve the memory of Jose Palau.
New Pergolas
New pergolas were constructed in the previous financial year and this was supported by a generous £10,000 donation from the T.H. Russell Charitable TrusL
Ukraine war
Donations were collected by a companion to help the cikn'zens of Ukraine.
For a new v8hic19
This fund will be used to help the charity purchase new vehicles to replace old, expensive to maintain, vehicles.
Fundraising by a companion
A companion raised funds for a project which is personal to them. The charity is holding these funds on behalf of the companion.
For a sensory garden
The Charity intends to develop a sensory garden for the benefft of tts beneficiaries, ts employees and other stakeholders.
Ukraine war
Donations were collected by a companion to help the cÉtizens of Ukraine.
Page 31

THE LANTERN COMMUN ITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
16 UNRESTRICTED FUNDS
At 1 April 2024
Incoming
Resources
Outgolng
Trdnsfers
At 31 March
2025
DESIGNATED FUNDS:
Motor Vehicle Sinking Fund
Co-worker retirement
Co-worker SOCAal fund
YC Chan Craft Centre
Long term maintenance
Future Projects
12.981
12.981
23.404
27.956
117.967
90,000
118.996
391.304
6.871.774
7,263,078
23.404
32,956
117,967
80,000
96,036
350,363
6,311.971
6,662,334
5.000
(10,(K)O)
10.000
104.884
132,865
(81.924)
(81.924)
559,803
477.879
(10,000)
Propety capital fund
Total designated funds
132.865
(10,000)
General funds
Total unrestricted funds
Purposes of deslgnated funds
Co-workerretirement fund
This is a fund created to contribute towards meeting the retirement needs of the c(Fworkers.
Co-worker social fund
The co-worker social fund has been created to finance anticipated future experKlilure relating lo financial asSiStsn￿ to cTrworkers. e.g. when they leave The Lant8m Community.
2.280,107
8,942,441
4.426,102
4,558,967
(3,905,289)
3,915,289
(313,606)
164,273.00
2.487.314
9,750,392
Bakeryproject fund
Up until June 2016 donations frorn the second hand books scheme were all￿ated to a fund to ¢￿trIbute to the costs of the planned Bakery project. This project includes major
external and intemal works and improved access.
YC Chan Craff Centre
See also note 15 above for the YC Chan Craft Centre under restricted funds. Some donations have been received wthout restrtctN)ns and have been designated to fund this major
project. Other general donations were allocated to this fund up until June 2019.
Page 32

THE LANTERN COMMUNITY (Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
16 UNRESTRICTED FUNDS cont'd
Long temi maintenance
A prowsion of £10,000 per annum is being made. Amounts in this fund will be released when a major maintenance task is undertaken.
Future Projects fund
This fund was created in July 2018. The rationale is to allow donations to be gathered in a general pot and then projects to be proposed for trustee approval. to ensure donated
monies are used effectivdy and expeditiousty.
Property capital fvnd
Thls fund has been crealed to reflect the Ca￿Ing value of land & buildings held by the chanty. net of bank loans and property related loans outstanding at the balance sheet date.
Motor Vehicle Sinking Fund
This fund ha5 been created to enable the chaiity to purchase a motor vehide for approximately £40,000 every three years.
17 REVALUATION RESERVE
2025
2.755.143
54.582
(6,307)
2,803.418
2024
2,927.781
(204,262)
31,624
2 755 143
At 1 April 2024
Revaluation to market value - see note 8
Transferred to Statement of Financial Activibes for the year- Gurrenl year
At 31 March 2025
18 ANALYSIS OF NET ASSETS BETWEEN FUNDS
AS AT 31 MARCH 2025
Deslgnated
funds
Restrlcted funds
General
Total funds
funds
Tangible fixed assets
Intangible fixed asset5
Net current assets
Long temi liabilities
NET ASSETS AS AT 31 MARCH 2025
9.901.262
119.790 10,021.052
34,725
34,725
2,332.799
4.172.908
(76.740)
2.487.314 14.151.945
1.598.135
241,974
(76.740)
10.066.496
1,598,135
Page 33

THE LANTERN COMMUNITY (Companv limited bv auarantee and not havina a share caDital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
18 ANALYSIS OF NET ASSETS BETWEEN FUNDS- continued
AS AT 31 MARCH 2024
Designated
funds
Restricted funds
General
Total funds
funds
Tangible fixed a55ets
Intangible fixed assets
Net current assets
Long temi liabilities
NET ASSEfs AS AT 31 MARCH 2024
9,340,880
80.483
32.846
2.166.778
9.421,363
32.846
4.213.000
(225,997)
2,280.107 13,441.212
1.743,627
302,595
(225.997)
9.417.478
1,743,627
19 RELATED PARTIES
The following transactlons and relationshlps with related parties are of nots:
Three family members of M Verhoeven and I Veroeven, who are both Trustees. are eMplo￿j by The Lantern Community and are remunerated at the sarne rate as all other
employees who are employed in similar roles.
LFZ Bord, trustee, is also The Lantem Communitys nominated trustee of The Camphill Benevolent Fund (CBF), Nthich makes disbursements to retired C0-v￿rkerS.
Donations by Trustees to The Lantem Community in the year ended 31 March 2025 amounted to £993 (2024: £NIL).
20 DONATED SERVICES AND ASSETS
In the year ended 31 Maroh 2025 there v￿S no income from donated services and a&8ets (2024: £NIL).
21 DEFINED CONTRIBUTION PENSION SCHEME
The company operates a defined contribution pension scheme on behalf of Tts employees. The assets of the scheme are held separately from those of the company in an
independently administered fund. The pension commitrnent for th8 year under this scheme was £56.660 (2024: £51,588).
Page 34

THE LANTERN COMMUNITY
(Company limited by guarantee and not having a share capital)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
22 RECONCILIATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTivrriES
2025
2024
Net income for year - note 2
Interest receivable
Interest payable
Depreciation and impairment of tangible fixed assets
Above impairnient offset by reduction in Revaluation Reserve
Impaimient of buildings in progress
Gift of a tangible asset
(Profit) I loss on disposal of langible fixed assets
Gain on inveslments
(Increase) I decrease in stock
(Increase) I decreas8 in debtors
Increase l (decrease) in creditors
Net cash flow from operating activities
662.458
402.339
(54.882)
4.864
(24.942)
48,275
(124,822)
12,995
229.617
(172.638)
6,382
(335,000)
(9,985)
{49.424)
(1,041)
4,481
29,811
284,600
(7,947)
27.020
{13,884)
349.077
23 OPERATING LEASES
Future minimum lease payments per annum under nonoancellable operating leases as at 31 March 2025
2025
2024
Not later than one year
Later than one year and not later than five years
Greater than fwe years
15,755
62.851
6.703
85.310
9.012
40.568
49.580
Page 35