Sussex Lantern Annual Report 20222- 2023 **REGISTERED COMPANY NUMBER: 04347767 (England and Wales) REGISTERED CHARITY NUMBER: 1091463** **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023** ## **FOR** ## **SUSSEX LANTERN** Parkers 178-180 Church Road Hove, East Sussex BN3 2DJ **SUSSEX LANTERN** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Cash Flow Statement**||7|| |**Notes to the Cash Flow Statement**||8|| |**Notes to the Financial Statements**|9|to|13| **SUSSEX LANTERN** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity's objectives are to relieve and improve the quality of life of the blind and partially sighted, and of disabled people within Brighton and Hove and in West and East Sussex. The year to 31 March 2023 was a challenging year. Sussex Lanterns Aim was to remain financially stable, to continue develop appropriate services suitable for our client base. To keep flexibility, to use spare capacity to help raise funds for the charities stated aims and objectives. We were concerned that the number of people using and needing our services would be down, although numbers were less, we remained busy throughout the year. The loss of income from the main site activity has been less than expected. During 2023 -2024 we wish to establish a number of lodges suitable for severely disabled and for less able Blind people and partially sighted people. A number of discussions have taken place with Lodge Builders and also the Local Council & Southdown Park. We would like to move this outcome forward as quickly as possible. The charity's main objectives for the year :- * To maintain the recognition of excellence from the promoters of such facilities, which in turn encourages disabled people to use the park, which has a reputation of excellence. All facilities are maintained to a high standard the grounds with its many trees, shrubs and floral beds are all very attractive and helps to keep facilities fairly private. All on very flat and even ground. * During the next year a series of improvement to the main facilities which are now well worn will be made. Including adding Solar Energy or ground source heating. We will continued to upgrade and add additional facilities to the Park. With many more trees and hedges and small floral beds which offer a peaceful, charming, colourful view and protection of this stunning land. * By making the facilities available to the local community on a restricted and tightly controlled basis, we can continue to develop an income to ensure our charitable work is sustainable. It has been an extremely difficult year, but one in which the staff and volunteers can be justly proud. ## **ACHIEVEMENT AND PERFORMANCE** ## **Achievement and performance** Throughout 2022/2023 great effort was made regarding seeking the funds for the development of the new centre and the site overall. * The Chief Executive Officer continues developing and supporting both the Leisure Park, its volunteers and staff and relationships with a number of disabled groups. She has also built good working relations with local hospitals, the community and specialist managers working with the Blind Partially Sighted and Disabled People. * A successful Leisure Park is essential, during this period due to the almost stagnation of charitable fund-raising during these difficult times. It has provided all the finances for our work to date. It is also an exceptional financial asset, ensuring that we have the ability to develop and provide much needed, imaginative services to our client group into the future. Page 1 **SUSSEX LANTERN** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023** ## **FINANCIAL REVIEW** ## **Financial position** The funding sources so far is from the Leisure Park. Donations are increasing from visitors, and others. A small number of grant making trusts have been approached regarding funding for the building of the new centre. These applications have so far been unsuccessful. All costs are met from the earned income of the Leisure Park. This has allowed us to leave our donations and existing savings untouched. ## **Investment policy and objectives** Future income will provide steady savings to accumulate funds to ensure the future of the charity, it's aims and objectives. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Sussex Lantern is a charitable company limited by guarantee, incorporated on 4th January 2002 and registered as a charity on 27th March 2002. Registered Charitable Company Number 43477767. Registered Charity Number 1091463. The charitable company emerged from its original foundation, the Brighton Society for the Blind, which was an unincorporated charity founded pre-1860 and all of the assets and reserves held by the Society were transferred to Sussex Lantern on the 1st April 2002. Sussex Lantern was the original title of the charity which was nicknamed by the users and members as "The Lantern". The Charity has worked continually since its foundation pre 1860. The charity is governed by a Memorandum and Articles of Association and is controlled by a board of trustees whose members are elected at the Annual General Meeting and are directors for the purposes of company law and trustees for the purposes of charity law. ## **Recruitment and appointment of new trustees** New directors/trustees are selected on the basis of the contribution that they will make to the governance of the organisation and the skills they will contribute. ## **Induction and training of new trustees** Directors/Trustees are introduced to the work of the organisation by an existing Director/Trustee. The story is told by the use of photographs of our work and the introduction to people partaking of our services . If an applicant is successful, a copy of our governing document is given to them along with the Charities Commission Guidance to Trustees. All Directors/Trustees are kept up to date with external changes in governance, by the Chief Executive and Chairman. ## **Risk management** Financial controls are strictly enforced. Compliance requirements which are assessed annually, are met in full. The systems introduced over are monitored and working successfully. To avoid financial risk of deposits in the Bank we have spread the risk by opening a separate Bank "The Charity Bank" for our savings account. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 04347767 (England and Wales) ## **Registered Charity number** 1091463 Page 2 **SUSSEX LANTERN** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023** ## **Registered office** Southdown Farm Lodge Lane Keymer Hassocks West Sussex BN6 8LX ## **Trustees** F Wright Mrs G D Wright Director and Company Secretary G Hill S Guest R Swale-Pope (MBE) **Company Secretary** Mrs G D Wright ## **Independent Examiner** Annette Watson FCA Parkers 178-180 Church Road Hove, East Sussex BN3 2DJ ## **Bankers** Bank of Scotland 38 St Andrews Square Edinburgh EH2 2YR ## **Solicitors** Griffith Smith Farringdon Webb 47 Old Steyne Brighton East Sussex BN1 1NW This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ................................................................. G Hill - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUSSEX LANTERN** ## **Independent examiner's report to the trustees of Sussex Lantern ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Annette Watson FCA Parkers 178-180 Church Road Hove, East Sussex BN3 2DJ Date: ............................................. Page 4 ## **SUSSEX LANTERN** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
4
**Charitable activities**
5
Members' services
Other
7
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2023**
**Unrestricted**
**fund**
**£**
**522,772**
**7,321**
**530,093**
**164,366**
**120,515**
**-**
**284,881**
**245,212**
**2,270,100**
**2,515,312**|2022
Total
funds
£
993,290
2,003| |---|---|---| |||995,293| |||239,308
98,135
122,149| |||459,592| |||535,701
1,734,399| |||2,270,100| The notes form part of these financial statements Page 5 ## **SUSSEX LANTERN** ## **BALANCE SHEET 31ST MARCH 2023** |Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
**TOTAL FUNDS**|**2023**
**Unrestricted**
**fund**
**£**
**1,605,030**
**929,189**
**(18,907)**
**910,282**
**2,515,312**
**2,515,312**
**2,515,312**
**2,515,312**|2022
Total
funds
£
1,620,776
663,802
(14,478)
649,324
2,270,100
2,270,100
2,270,100
2,270,100| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. G Hill - Trustee The notes form part of these financial statements Page 6 ## **SUSSEX LANTERN** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**2023**
**£**
**258,666**
**258,666**
**(600)**
**7,321**
**6,721**
**265,387**
**663,802**
**929,189**|2022
£
557,380| |---|---|---| |||557,380| |||-
2,003| |||2,003| |||| |||559,383
104,419| |||663,802| The notes form part of these financial statements Page 7 ## **SUSSEX LANTERN** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023** |**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**| |---|---|---|---| |||**2023**|2022| |||**£**|£| ||**Net income for the reporting period (as per the Statement of**||| ||**Financial Activities)**|**245,212**|535,701| ||**Adjustments for:**||| ||Depreciation charges|**16,346**|16,346| ||Interest received|**(7,321)**|(2,003)| ||Increase in creditors|**4,429**|7,336| ||**Net cash provided by operations**|**258,666**|557,380| ## **2.** ## **ANALYSIS OF CHANGES IN NET FUNDS** ||At 1/4/22|Cash flow|**At 31/3/23**| |---|---|---|---| ||£|£|**£**| |**Net cash**|||| |Cash at bank and in hand|**663,802**|**265,387**|**929,189**| ||**663,802**|**265,387**|**929,189**| |**Total**|**663,802**|**265,387**|**929,189**| The notes form part of these financial statements Page 8 **SUSSEX LANTERN** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Allocation and apportionment of costs** Expenditure on Charitable Activities includes the proportion of salaries, secretarial costs and other relevant expenses which relate to the planning, development and administration of these activities. Staff costs are allocated proportionally on a time spent basis. Other indirect costs are apportioned as the trustees deem appropriate from time to time. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Freehold property|- in accordance with the property| |---|---| |Plant and machinery|- 20% on cost| |Fixtures and fittings|- 20% on cost| ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **2. DONATIONS AND LEGACIES** |Campsite income
Legacies|**2023**
**£**
**285,909**
**236,863**
**522,772**|2022
£
243,326
749,964| |---|---|---| |||993,290| Page 9 continued... **SUSSEX LANTERN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023** |**3.**|**INVESTMENT INCOME**|||||| |---|---|---|---|---|---|---| ||||**2023**|||2022| ||||**£**|||£| ||Deposit account interest||**7,321**|||2,003| |**4.**|**RAISING FUNDS**|||||| ||**Raising donations and legacies**|||||| ||||**2023**|||2022| ||||**£**|||£| ||Campsite costs||**164,366**||239,308|| |**5.**|**CHARITABLE ACTIVITIES COSTS**|||||| ||||Support|||| |||Direct|costs (see|||| |||Costs|note 6)|||Totals| |||£|£|||£| ||Members' services|**36,856**|**83,659**||**120,515**|| |**6.**|**SUPPORT COSTS**|||||| ||||||Management|| |||||||£| ||Members' services|||||**83,659**| |**7.**|**OTHER**|||||| ||||**2023**|||2022| ||||**£**|||£| ||Project manager|||**-**||1,718| ||Exceptional items|||**-**|120,431|| |||||**-**|122,149|| ||Exceptional costs of £nil (2022:£120,430) relate to costs incurred with a||fraudulent investment.|||| |**8.**|**NET INCOME/(EXPENDITURE)**|||||| ||Net income/(expenditure) is stated after charging/(crediting):|||||| ||**2023**|2022| |---|---|---| ||**£**|£| |Depreciation - owned assets|**16,346**|16,346| Page 10 continued... **SUSSEX LANTERN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023** ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022. ## **10. STAFF COSTS** |**STAFF COSTS**||| |---|---|---| |Wages and salaries
Other pension costs|**2023**
**£**
**76,666**
**6,993**
**83,659**|2022
£
59,207
5,034| |||64,241| The average monthly number of employees during the year was as follows: ||**2023**|2022| |---|---|---| |Administrative staff|**1**|1| No employees received emoluments in excess of £60,000. ## **11. TANGIBLE FIXED ASSETS** |**COST**
At 1st April 2022
Additions
At 31st March 2023
**DEPRECIATION**
At 1st April 2022
Charge for year
At 31st March 2023
**NET BOOK VALUE**
At 31st March 2023
At 31st March 2022|Freehold
property
£
**1,743,923**
**-**
**1,743,923**
**133,973**
**11,669**
**145,642**
**1,598,281**
1,609,950|Plant and
machinery
£
**117,204**
**-**
**117,204**
**107,562**
**4,282**
**111,844**
**5,360**
9,642|Fixtures
and
fittings
£
**248,221**
**600**
**248,821**
**247,037**
**395**
**247,432**
**1,389**
1,184|Totals
£
**2,109,348**
**600**| |---|---|---|---|---| |||||**2,109,948**| |||||**488,572**
**16,346**| |||||**504,918**| |||||**1,605,030**| |||||1,620,776| Page 11 continued... **SUSSEX LANTERN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023** |**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Accrued expenses
**13.**
**MOVEMENT IN FUNDS**
At 1/4/22
£
**Unrestricted funds**
General fund
**2,270,100**
**TOTAL FUNDS**
**2,270,100**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**530,093**
**TOTAL FUNDS**
**530,093**
**Comparatives for movement in funds**
At 1/4/21
£
**Unrestricted funds**
General fund
1,734,399
**TOTAL FUNDS**
1,734,399
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
995,293
**TOTAL FUNDS**
995,293||**2023**
**£**
**-**
**18,907**
**18,907**
Net
movement
in funds
£
**245,212**
**245,212**
Resources
expended
£
**(284,881)**
**(284,881)**
Net
movement
in funds
£
535,701
535,701
Resources
expended
£
(459,592)
(459,592)|2022
£
1,437
13,041
14,478
At
31/3/23
£
**2,515,312**
**2,515,312**
Movement
in funds
£
**245,212**
**245,212**
At
31/3/22
£
2,270,100
2,270,100
Movement
in funds
£
535,701
535,701| |---|---|---|---| ||||| ||||| ||||| ||||| Page 12 continued... **SUSSEX LANTERN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023** ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st March 2023. Page 13 INDEPENDEIIT EXAMINEFYS REPORT TO THE TRUSTEES OF SUSSEX LAKfERN I report to the (*arity trustees on my examsnatson of the ac(X>Ltnts of c￿OnY for the year end8d 31st 2023. Respon51blliUe¥ basls of rwrt As the charity's trustees of the Company {and also it8 dI￿th for the ttjmpany law) are responsible for the wep8rthn of the arr￿UnIS in accordaThx with the r￿UIr￿1￿ of the Compantes A 2006 Cthe 2006 Art) Hav￿￿ satisfied myself that actounts of the Company ar& Th)t f8quired to be audit8d under Part 16 of the 2006 Art and are eligthle for independent examinalion. I r8port in respect of my examination of y￿Jr chaiitys arxounts as carried out under Section 145 of the Charthes Ad 2011 (Yhg 2011 Ao*l. In carying txrt my examinaiion I have foll￿ Ihe DireL*ons given by the Charity ConNxission under Seth)n 145(51 (b) of the 2011 Ad. Indepgndentexamlner's Statement Since ycw charl￿5 gross income exLt8ded £250,000 your examiw musl be a member of a listed body. I ¢8n t))nfirm th* l am qualifi¢d lo undertake the examination becaLtse l am a memter of the Institirte of Clwrtered A1￿untants in Er*rKI Wales. whK* is one ofthe listed tiodies. exaThMnation giving me cause to ￿leve." arAxJunting records werè not kept fft respect of the Company as r•quired by Sec*on 386 of the 20C6 ACL or the 8C)))unts do not afJ>Jrd with those re￿ids,. or the accounts do not ¢xmply with the aco)untin9 rewrements of Se(*on 396 of the 20￿ Ac* other than ary requir￿ that the accounts give a Iwe and fair Nlew bvhith Is not a matter tr)nsider&l as partof an independent examtnatson.. or Ihe accaunts have not I￿￿ prepared in accordance the methc*ts and princ6pleg ofthe Ststerw of Recom￿nded Pracltce tr a(x(MJnttng and reporting ty tharthes (athTcable to tharibes preparing th￿r acc4)unts in accortsnr* V&ith FinancFal Reporting StandaFd applh?ble in thè UK and Republic of Ir8laThY IFRS 1021). I have no ojncems and have come arm no other matt￿5 in c#Jnnecaion with the examination to whrch attention shoukl be drawn in this reFQrt in order to ertable a proper undeF5tanding of the accounts to be Annatte Watson FCA P8Tkers 17&180 Churth Rowj Hove, East Sussex BN3 2DJ 2e4 1013 P8ge 4