THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
Charities and Public Benefit Annual Report For the year ending 31[st] August 2020 The Lantern Methodist Church
Registered Charity Number - 1178284
The church forms part of the Wimbledon Circuit of the Methodist Church – Circuit Number 35/26.
Minister Deacon Dawn Canham Church Steward s Dawn Downes Wendy Siemaszko Juliette Jaeger Margaret Redway Angela Linton-Smith Church Treasurer Roy Newitt
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
The trustees present their report with the financial statements of the charity for the year ended 31[st] August 2020. The financial statements have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Standards applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019).
The members of the Church Council are the Charity Trustees, membership being made up of church office holders, Minister and representatives appointed by the church at the Annual General Meeting and are listed in appendix A of this document. Further information about the Church Council is provided on page 9.
Governing Documents
The Lantern Methodist Church is part of the Methodist Church and as such it’s governing documents are the sections pertaining to local churches within the Constitutional Practice and Discipline (CPD) of the Methodist Church. A copy is available at - https://www.methodist.org.uk/for churches/governance/cpd/
Introduction
It has been a difficult year for the church as the impact of the COVID19 pandemic severely impacted on the activities that the church could do. The use of the church’s premises by both the church and the many community organisations that make use of them effectively stopped and was only starting to resume at the end of the church year. Unfortunately due to COVID19 the Lantern Coffee House has been forced to closed and the staff made redundant.
To continue to support church members and the wider community it has had to adopt new ways of doing things, whilst suspending the many face to face activities it had traditionally carried out. The use of mail, phone and online services such as Facebook and Zoom have been pressed into service.
The start of the year, as in previous years, we have held many events and activities, bringing fresh ideas has been much innovation to the life and worship in our church. This is to be celebrated. The church has taken on new energy and has increased the number of services at the Wimbledon Site. There has been closer working with the Lantern Arts Centre and greater use of the Church Premises by community groups.
Aims and Purposes
The charity’s objectives are contained within our:-
Vision and Mission Plan
We are called to live out the creative, inclusive, radical and transforming love of Jesus Christ.
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We endeavour to do this through blending and partnering with our communities; celebrating what we have in common and respecting differences.
We are a diverse worshipping community with a contemporary programme of praise, reflection and learning which enables us to be transformed to reflect our values.
Targets for 2020-2025
live streaming of Sunday Services
expand current bible study session; enabling more informal sessions, online groups and creative study sessions.
develop weekday opportunities for prayer and reflection. (retreat days, craft days etc)
We are in partnership with a thriving Christian arts centre. As a wider family we believe in the transforming power of the arts, gifted by the Holy Spirit. Targets for 2020-2025
formalising the partnership between The Lantern Methodist Church and The Lantern Arts. sensitively update, refresh and improve our buildings through The Lantern Centre Project.
We commit to sharing with our local communities; safe spaces, opportunities and creative tools to explore, develop and deepen our experience as human beings. Targets for 2020-2025.
strengthen and develop links with the wider communities. provide accessible buildings (emotionally and physically)
Following the calling of the Methodist Church we endeavour to become lifelong learners; seeking to live with differences and to hold one another in love. Targets for 2020-2025
deepen our links with Churches Together in West Wimbledon expand opportunities to gather with other faith communities provide e-learning services
We believe all are truly welcome; reaching out to the margins of our communities, enabling social justice movements and discerning how we may serve all.
Targets for 2020-2025
improve our environmental impact affordable access to performances and paid activities
continue to develop our programmes designed to combat loneliness and social isolation.
The purposes of the charity are:-
The advancement of:-
a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional, District, Circuit, Local or other organisation of The Methodist Church;
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
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d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church;
How Our Activities Deliver Public Benefit - Review of the year
The charity has continued to be a focal point in the local community and had an increasing number of people using the Church premises until the pandemic hit.
In addition to its regular activities the church held; prayer and praise for the 3rd age, ongoing pastoral support for the Lantern Arts centre with pastoral team members present at all rehearsals and productions/events. The formation of a Project Group to assess the needs of the community in relation to the building and how with careful and thoughtful refurbishment of the entire Raynes Park site we may become a sustainable and welcoming community asset both physically and emotionally for many years to come. There have also been a number of successful fundraising events; for instance the second year of our Christmas Celebration in partnership with Lantern Arts Centre (which includes performances, Christmas market, switch on of the outside Christmas tree and lights and foodie delights from our coffee house).
We were also due to host the Merton Winter Night Shelter, in partnership with other local faith groups beginning in March for 6 weeks; but due to the COVID 19 Pandemic the guests were instead housed in hotels by the government. Links were maintained with those who were due to stay with us and support given.
The Lantern Coffee House provided an open door to the local community through which help can be provided up until it had to close due to the pandemic. Unfortunately in August it was necessary to close the Coffee house completely and make the employees redundant as it was clear that operational limitations due to COVID 19 meant that it could not be operated profitably and the church could not cover the resultant losses.
Both sites provide facilities for community organisations to meet and provide social interaction for the local communities.
Financial Review
Income Trends
The charity’s income comes from:-
The giving of church members / congregation, either in the Sunday collections or regular giving by standing orders. This has decreased by about 30% due to the closure of the church under the COVID 19 Pandemic regulations, a special appeal has been made and it is expected that some of the giving normally made at services will be delayed to 2020/21 financial year.
There was a limited number of successful fundraising events held before the government imposed COVID 19 lockdown.
Gift aid tax credit received on the giving by church members and giving by other members of the congregation.
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Hall letting income: mainly from external users of the building, plus donations from church organisations and members of the congregation for use of the halls complex. This had been increasing prior to the government imposed COVID 19 lockdown. The impact of COVID 19 has seen the premises hire receipts decrease by over £30,000. Rental income from two church owned flats which are part of the Wimbledon Church complex.
The income of the church decreased by about 14.5%. The income from the church’s internal organisations – mainly the Lantern Coffee House whose income has also been severely hit by the COVID19 Pandemic which means that the church’s total income for the year is now below £250k on a cash book account basis. Despite this it has been decided to continue presenting the accounts on an accrual basis.
The impact of COVID19 has made finances (ignoring property revaluation and depreciation) a concern with the operating loss increasing for the year to £28.5k (£32.3k when Internal Organisations included) from £20k last year.
Expenditure trends
A major cost is in relation to the assessment paid to the Wimbledon Circuit, this amounts to 14.5% of our total cost this year. The Circuit assessment which is calculated on the number of members reduced by 11.8% following a reduction in membership numbers due to deaths and members moving away.
Employment costs have been reduced following a review of the paid work undertaken by employees.
The enforced closure of the Church premises has resulted in savings in Utility Costs though these will return to previous levels when things return to normal after the pandemic. An internal water leak occurred at the Wimbledon site which resulted in a large bill that increase this year’s cost.
With the church closed the Centre Manager and Caretaker have used the time to carry out redecoration and minor refurbishment at both sites. The remaining work on refurbishing the Church flats (Wimbledon site) has now nearly been completed and are expected to be fully let next year.
The impact of COVID19 has had a major impact on the church’s finances. The Lantern Coffee House closed on 31/8/2020 as the church realised it was unable to provide any further financial support to it. Some premises educational hire income is expected to continue during any future lock downs and increased income from the residential flats should help alleviate the losses due to the COVID19 pandemic. A significant amount of giving by Church Members has and is also expected to move to giving by standing orders.
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Trustees’ Annual Report on Finance and Governance
Basis of preparation and legal framework
These accounts are compliant with FRS102 and with the SORP 2019 (FRS 102).
Full Name of Charity / Church: The Lantern Methodist Church of Wimbledon and Raynes Park Registration Charity Number: 1178284 Date of registration (if registered as a Charity) 8th May 2018 Main communication address The Lantern Methodist Church, Tolverne Road London SW20 8RA
The members of the Church Council are the Charity Trustees, membership being made up of church office holders, Minister and representatives appointed by the church at the Annual General Meeting.
Full membership is shown as Appendix A to this report.
Treasurer: Mr Roy Newitt
Independent Examiners :-
Stephen Jones ℅ Myrus Smith Chartered Accountants Norman House, 8 Burnell Road, Sutton, Surrey. SM1 4BW
Investment Bankers: Central Finance Board of the Methodist Church
Trustees for Methodist Church purposes
Main Activities of the Charity
The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike.
The teaching of Christianity through sermons, courses and small groups. The resourcing of pastoral work, which includes visiting the sick and bereaved. Promotion of Christianity through the staging of events and services. Encouraging links with the local community through providing a community centre for a range of community activities
The Lantern Methodist Church is a Methodist Church within the Wimbledon Circuit and serves the people of Wimbledon and Raynes Park.
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Deacon Dawn Canham has ministerial responsibility for the Lantern Methodist Church and is supported in this by the other ministers within the Wimbledon Circuit.
As part of our mission, we continue to encourage links with the church, and our halls and facilities, to enable us to reach out to the local community and respond to their needs. Particularly, we reach out to those who may be less confident about their place in the community and their relationship with the church.
The Lantern Church is a friendly and welcoming church and uses a Café style of worship. The friendship and fellowship within the church is very highly valued by its congregation and we are committed to enabling as many people as possible to worship at our church and to become part of our church community.
As a church community, we have continued to support many activities in the local community and our thanks go to all those who have supported all the initiatives, activities and events that take place in our church and in the halls.
The Lantern Church has a close relationship with the Lantern Arts Centre which is based at the Raynes Park site. The Lantern Arts Centre, which was an off shoot of the church focuses on the promotion of the Christian faith through Drama and other arts. The art centre runs activities for the young through to the old.
Achievements and Performance
Worship and Prayer
The Lantern Church provides a range of services. The church is normally laid out in a café style with chairs around round tables. The services usually involve interaction with the congregation for part of the services. Communion services are held when a member of the clergy team in the circuit is available to take the service. Prayer meetings are held on a weekly basis.
Sunday Services
A weekly Sunday Morning service is held at 10.30am at the Raynes Park site and a monthly Dementia Friendly service is held in the afternoon at the Wimbledon Site.
The Church and Church Halls
This year has seen the appointment of Stephen Rees as the Centre Manager with the aim to grow the use of the premises. Both for individual bookings and new groups and organisations.
What's On For Adults
A wide range of activities for adults take place at the Lantern Methodist Church each week, from social and support group (e.g. twice weekly AA meetings and a fellowship group for the retired), through our partnership with the Lantern Arts Centre we offer film
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and book clubs, fitness and dance, amateur dramatics, prayer meetings and quiet/safe spaces. We also provide rooms on a daily and weekly basis for two foreign language churches to meet, one Korean and the other Brazilian. Our aim is to provide well maintained and well managed church premises and Coffee House for the local community to use for a diverse range of activities throughout the week and at the weekends. We provide facilities for groups from the church and in the local community, local charities and commercial organisations in order to develop our joint church into a true community church.
What's On For Children and young people
In partnership with the Lantern Arts centre we engage with our young people through the various theatre groups which run weekly - helping to make links between faith and the world, offering a safe space in which to explore difficult subjects and also to have fun. Through the Coffee House we offer a daily play zone for young children and their carers, an enabled space to meet other carers, an opportunity for the children to lean and play and also an opportunity for the charity members interact with the community and provide intergenerational interactions.
Through a diverse programme enabled by the Lantern Arts centre the church community is actively encouraged to offer and enable the wide variety on offer. We are praying and seeking discernment towards the setting up of a “baking church” at our Wimbledon site, and a summer holiday club in partnership with the Lantern Arts Centre. The halls are proving to be a very popular venue for birthday parties and family celebrations and this is enabled and facilitated by the Coffee House.
Pastoral Care
There is a small team chaired by the Minister and enabled by a pastoral secretary that coordinates all the pastoral visits, and care for both the church/arts centre and community. Weekly bible study in enabled through our Wimbledon site, and we share in quarterly family meals within the main body of the church and this is extended to all who call the Lantern home (Coffee House staff, Arts centre and costume store). Our weekly prayer group is attended by a wide, diverse group from both the church and community as is becoming known as a safe space, with a listening heart for all. Church members and attendees are actively encouraged to see pastoral care as a whole life experience not limited to church space; but extended into every area of their lives.
Mission and Evangelism
The Minister is currently being enabled by the wider Methodist Church to research and promote healthy evangelism and to mission in its widest sense. This has seen the participation by the congregation in surveys to take the temperature of feeling to mission and evangelism, to envision growth and to seek to meet new people in new places, moving beyond the post-christendom position and into the 21st Century enabling a ChristCentred space for all.
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Future Plans
When planning our activities for the year, we consider the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church community through:
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Worship and prayer; learning about the Gospel; and developing their knowledge and trust in God.
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Provision of pastoral care for people living in the local area.
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Missionary and outreach work.
To facilitate and support this work, it is important that we maintain the fabric of the church and halls buildings of The Lantern Methodist Church. The Raynes Park site, a grade 2 listed building which is about 105 years old is in need of refurbishment in order that it can support the work of the church in the local. A project has been started to explore the way in which the site can be developed in a way that conserves the character of the building.
Structure, Governance and Management
The Lantern Methodist Church operates under the Constitution and Practice of the Methodist Church.
Church Council (CC)
The purpose of the Church Council (CC) with our minister, Deacon Dawn Canham, is to promote the whole mission of the Church – pastoral, evangelistic, social and ecumenical, in the local neighbourhood. The Church Council is the church’s governing body. Membership of the CC should therefore be taken seriously as it carries responsibility for financial and legal decisions made on behalf of the church. The CC appoints committees that have the authority to act within pre-defined areas of responsibility; supports the work of all such committees and receives their reports, making decisions on any matter of principle that may arise.
The CC membership includes the clergy, the Church Stewards, the CC Secretary, Church Treasurer, Convenors of Church Committees, Circuit Steward and 6 Ordinary Members. Ordinary Members are elected at the AGM to serve for a term of 3 years and can then be re-elected to serve a maximum of 6 years. Office holders are also elected annually, to serve a maximum of 6 years.
During the past year, the CC has overseen the work of the various Church Committees, giving approval as necessary. Church finances continue to be a matter of concern - see Finance report for more details. Other church business dealt with over the year includes:-
- The requirement for the church to produce an annual report to the Charities Commission to update them on our activities throughout the year, which also allows
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us to apply for a refund of tax under the ‘Gift Aid’ scheme. In order to do this, we will need to approve an updated Constitution at the AGM
- Regular review of the church policies, including Fire Safety Policy, Health and Safety Policy, Safeguarding of Children and Vulnerable Adults Policy and training and our Travel Plan, which encourages our hall users to walk or use public transport.
Training of Trustees: Newly appointed trustees are supplied with a booklet of their responsibilities and denominational training sessions are supplied for treasurers.
Wimbledon Methodist Church Circuit
The Lantern Methodist Church is part of the Wimbledon Methodist Church Circuit. This is a group of five local churches served by a team of three ministers. Each has pastoral charge of one or more churches and will preach and lead worship in different local churches in the Circuit, along with Local Preachers.
Risk Management
The major risks have been identified and recorded by the Trustees with professional advice taken as required. There is a regular annual review process undertaken and recorded.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
Safeguarding
Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things, this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.
Methodist policies outline commitment to the following principles: • the care and nurture of, and respectful pastoral ministry with, all children, young people and adults
• the safeguarding and protection of all children, young people and vulnerable adults • the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse. • the careful selection and training of all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes. • an immediate response to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation. • a commitment to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
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• a commitment to challenge any abuse of power, especially by anyone in a position of trust.
• the offer of pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
• in all these principles, we will follow legislation, guidance and recognised good practice
The Lantern Methodist Church commits itself to ensuring the implementation of the Safeguarding Policies of our parent church; government legislation; guidance and safe practice within its church.
The Lantern Methodist Church commits itself to the provision of support, advice and training for lay and ordained people which will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and vulnerable adults.
Reserves Policy
This reserves policy covers all church funds held by the Lantern Methodist Church.
At 31st August 2020 the Church held unrestricted funds of £8,933,847 (2019 £8,706,841) of which £8,845,315 (2019 £8,586,000) represented the value of the Church Property leaving net unrestricted funds of £88,532 (2019 £120,841)
The Church aims to hold Current Assets in reserve of at least 50% of the budgeted expenditure for the following year £75,000 (£150,000 approximately for 2020/21).
Trustees Responsibilities Statement
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Statute law requires the Trustees to prepare the Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period under review. In preparing those Financial Statements, the Trustees are required to:
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select suitable accounting policies then apply them consistently.
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observe the methods and principles in the Charities SORP 2019 (FRS 102);
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make judgements and estimates that are reasonable and prudent.
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state whether applicable accounting standards have been followed; subject to any material departures disclosed and explained in the financial statements;
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prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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For and on behalf of the Trustees
Signed
……………………… Wendy Siemazko
Date: 19[th] March 2021
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Statement of Financial Activities (SOFA) for the year ended 31 August 2020
| Notes to the accounts Income 1 Offerings 4 2 Donations 5 3 Gift aid 6 4 Interest and investment income 7 5 Internal organisations 8 6 Other charitable income 9 7Total income Expenditure 8 Circuit assessment or share 25 9 Grants and donations ,10 10 Property maintenance 11 11 Insurance, utilities etc. 12 12 Depreciation 13 13 Office expenses 14 14 Other expenditure 15 15 Internal organisations 8 16Total charitable expenditure 17 Gains/(losses) on monetary investments 18 Gains/(losses) on investment properties 19 Net income/(expenditure) 20 Transfers between funds 21 Other gains/(losses) 13 22Net movement in funds 23 Total funds brought forward 24 Total funds carried forward |
General Fund (Unrestricted) Designated Funds (unrestricted) Restricted Funds Endowment Funds Total 2019- 20 £ £ £ £ £ 11,006 11,006 4,031 4,031 3,894 3,894 642 642 62,995 62,995 99,782 99,782 182,350 0 0 0 182,350 21,356 21,356 221 221 37,356 37,356 39,915 39,915 117,234 117,234 3,898 3,898 45,649 45,649 65,761 66,761 331,390 0 0 0 331,390 (381) (381) 0 0 (149,421) 0 0 0 (149,421) 0 0 375,927 375,927 226,506 0 0 0 226,506 8,706,841 0 0 0 8,706,841 8,933,347 0 0 0 8,933,347 |
|---|---|
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Statement of Financial Activities (SOFA) for the year ended 31 August 2019
| Notes to the accounts Income 1 Offerings 4 2 Donations 5 3 Gift aid 6 4 Interest and investment income 7 5 Internal organisations 8 6 Other charitable income 9 7Total income Expenditure 8 Circuit assessment or share 25 9 Grants and donations 10 10 Property maintenance 11 11 Insurance, utilities etc. 12 12 Depreciation 13 13 Office expenses 14 14 Other expenditure 15 15 Internal organisations 8 16Total charitable expenditure 17 Gains/(losses) on monetary investments 18 Gains/(losses) on investment properties 19Net income/(expenditure) 20 Transfers between funds 21 Other gains/(losses) 22Net movement in funds 23 Total funds brought forward 24 Total funds carried forward |
General Fund (Unrestricted) Designated Funds (unrestricted) Restricted Funds Endowment Funds Total 2018-2019 £ £ £ £ £ 15,609 15,609 2,429 2,429 3,961 3,961 2,067 2,067 96,472 96,472 122,711 122,711 243,249 0 0 0 243,249 |
|---|---|
| 24,214 24,214 216 216 36,451 36,451 42,575 42,575 114,622 114,622 3,800 3,800 60,160 60,160 95,764 95,764 377,802 0 0 0 377,802 |
|
| (686) (686) 300,000 300,000 164,761 0 0 0 164,761 0 0 0 0 164,761 0 0 0 164,761 |
|
| 8,542,080 0 0 0 8,542,080 8,706,841 0 0 0 8,706,841 |
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Balance Sheet as at 31 August 2020
----- Start of picture text -----
General Fund Designated Restricted Endowment Totals 2020 Totals 2019
(Unrestricted) Funds Funds Funds
Notes to the (Unrestricted)
Accounts £ £ £ £ £ £
Fixed Assets
Church building and
other property 13 8,845,315 8,845,315 8,586,000
Other Assets 13 1,864 1,864 2,486
Investments 0 0
Total fixed assets 8,847,179 0 0 0 8,847,179 8,588,486
Current Assets
Debtors and
prepayments 21 8,758 8,758 1,869
Internal Organisations 8 3,507 3,507 4,729
Investments with
TMCP 20 55,690 55,690 66,071
Central Finance Board
Deposits 21 13,130 13,130 22,844
Cash at Bank and in
hand 21 9,619 9,619 35,171
Total current assets 90,704 0 0 0 90,704 130,684
Current liabilities
Creditors (due in under
1 year) 22 4,013 4,013 12,180
Tenant Deposits
22 500 500 100
External Charity 22 23 23 49
Total current
liabilities 4,536 0 0 0 4,536 12,329
Net current
assets/liabilities 86,168 0 0 0 86,168 118,355
Total assets less
current liabilities 8,933,347 0 0 0 8,933,347 8,706,841
Long term liabilities
(due after more than
one year)
Grants payable after
2018-19 0
Loans to the Church
0
Net assets 26 8,933,347 0 0 0 8,933,347 8,706,841
Funds of the Church
General Fund
(Unrestricted) 26 8,933,347 8,933,347 8,706,841
Designated Funds
(Unrestricted) 0 0
Total Unrestricted
Funds 8,933,347 8,706,841
Restricted Funds 0 0
Endowment Funds 0 0 0
Total Funds 8,933,347 0 0 0 8,933,347 8,706,841
----- End of picture text -----
The notes on pages 16 to 24 form part of these accounts.
Charity and Public Benefit Annual Report approved by the trustees and signed on their behalf by:
Church Treasurer : R C Newitt signed
Chair of Church Council Deacon Dawn Canham
signed Date 10[th] January 2021
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Notes to the Accounts
1. Basis of accounting
The financial statements have been prepared on an accruals basis in accordance with SORP 2019 (FRS102), being the current version of Accounting and Reporting by Charities : Statement of Recommended Practice.
2. Funds
The funds held constitute: General Funds held for any purpose of the Church which are Unrestricted. Restricted funds which are held for a narrower purpose including those for internal organisations.
3. Accounting policies
These accounts have been prepared on the basis of historical cost except that property, land values and investments are shown at their market value at the end of the year (where it has not been possible to determine the historical costs), on an accruals basis to show a true and fair view of the Church’s financial position and activities.
Income
Income is included in the Statement of Financial Activities (SOFA) when the Church becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability. Rents will be recorded when they are due / hiring event occurs.
Donated goods for onward transmission to other charities (chiefly food and clothing / bedding for a homeless charity) are passed immediately to that charity and are not included in the statement of financial activities as no benefit accrues to the charity.
The charity has not received any goods for use by the charity itself.
The value of services provided by volunteers is not incorporated into these financial statements.
No services have been donated that would normally have been purchased.
Expenditure
This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Church to pay out resources.
Grants
Grants made by the Church from its own funds are recognised in full at the time of agreement or when the Church accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.
VAT
The Church deregistered for VAT in summer 2020 due to the income of the Lantern Coffee House (an Internal Organisation) dropping to zero and hence below the threshold for de-registering. Prior to de-registration the VAT liability was calculated on a composite rate basis agreed with HMRC. The church’s income apart, with the exception of the Lantern Coffee House income, is exempt from VAT. All input VAT is charged with the expenses to which it refers.
Fixed assets
The freehold property was subject to re-valuation in 2019 by David Ambrose MRICS of Bramptons Chartered Surveyors & Valuers. Use of the Nationwide – All Property Index to calculate the valuation at 31/8/2020. See Note 13.
Investment Properties
No separate Investment Properties are owned by the charity. The flats at the Wimbledon Methodist Church site are an integral part of the Church Building and the valuation of the flats is included within the valuation of the church.
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Investments
Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA. Currently no investments are held.
Debtors and Prepayments
Debtors include outstanding lettings invoices, credits from Utility companies, and Gift Aid claims made in subsequent years.
Creditors
Creditors include out-standings relating to utilities, telephones, etc. and receipts in advance for the next financial year.
| 4. Breakdown of Giving Standing Orders Envelopes & Loose Cash Total 5. Donations General Funds Legacies Building Development Fund |
Year Ending 31/08/2020 4840 6166 11006 4031 0 0 4031 |
Year Ending 31/08/2019 940 14669 |
|---|---|---|
| 15609 | ||
| 1429 0 1000 |
||
| 2429 |
- Gift Aid
Gift Aid for 2016/17; 2017/18 & 2018/19 Financial Years was paid in the 2018/19 Financial Year. This was due to the time Taken following the merging of Raynes Park Methodist Church and Wimbledon Methodist Church to form the Lantern Methodist Church in September 2016 to register the Lantern Methodist Church as a charity with the Charity Commission and then with HMRC. The Gift Aid received in 2018/19 (£11,549) has been allocated to the end date of the tax year in which the money was given.
The 2019/2020 figure is the amount claimed for that tax year.
The amount per year based on which tax year the donations were made are as follows:-
Gift Aid 3894 3961
- Interest and investment income
Interest on trusts held by Trustees for Methodist Church Purposes (TMCP) was not paid into the church’s Central Finance Board (CFB) account as the account name had been updated; but had not advised to TMCP.
This was corrected in 2018/19 and the back interest paid. As unpaid interest had been added to the trust values no accrual of interest has been made.
CFB - Deposit Account interest 149 146 TMCP - Trust Fund Interest 493 1921 Total 642 2067 Increase / (Decrease) in TMCP investment (381) (686) value is shown in row 18:
£10k transferred from TMCP to CFB Account.
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
8 Internal Organisations
There are three internal organisations - The Lantern Coffee; Fellowship and the Flower Fund.
The Lantern Coffee House manages it's day to day running finances. But due to not being an independent organisation for some financial transactions these are paid via the church's accounts and money is transferred to cover all or part of the transactions. internal organisation income / Expenditure. In 2018/19 the Lantern Coffee house operated at a loss.
| Opening | Profit / | Closing | |||
|---|---|---|---|---|---|
| Balance Income |
Expenditure (Loss) |
Balance | |||
| 01/09/2019 | 31/08/2020 | ||||
| Lantern Coffee House | 4504 63,866 |
65,314 (1,448) |
3056 | ||
| Transfers between accounts | (1400) | ||||
| Fellowship | 211 392 |
352 40 |
251 | ||
| Flower Fund | 14 281 |
95 186 |
200 | ||
| Money accounted in Church Account in 18/19 | |||||
| Transferred during 2019/2020 | (144) | ||||
| Totals from Internal Organisation Accounts | 4729 62,995 |
65,761 (1222) |
3507 | ||
| Year Ending | Year Ending | ||||
| 9 | Other Charitable Income | 31/08/2020 | 31/08/2019 | ||
| Premises Hire | 74478 | 98381 | |||
| Costume Store (Joint venture with the Lantern Arts Centre) | 5175 | 5400 | |||
| Lantern Arts Centre - Contribution for use of premises | 5700 | 7500 | |||
| Church Flats (Rent) | 11400 | 8100 | |||
| Refund of shared property costs from Wesley Court flats | 1427 | 836 | |||
| Fund raising | 1602 | 1769 | |||
| Play zone | 0 | 562 | |||
| Grants | 0 | 0 | |||
| Flower Fund Donation | 0 | 144 | |||
| Miscellaneous Income | 0 | 50 | |||
| Less | Petty Cash transfer to bank account recorded as income | 0 | (31) | ||
| Totals | 99782 | 122711 | |||
| 10 | Grants | & Donations | |||
| Care for Uganda (Child Sponsorship) | 216 | 216 | |||
| Tear Fund donation | 5 | ||||
| Totals | 221 | 216 | |||
| 11 | Property Maintenance | ||||
| Cleaning | 5745 | 9582 | |||
| Maintenance | 9176 | 20008 | |||
| Lift Maintenance | 6085 | 2682 | |||
| Flats | 12497 | 494 | |||
| Flats - Council Tax | 3853 | 3685 | |||
| Totals | 37356 | 36451 |
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
12 Insurance, utilities etc.
Totals
| Insurance | 9363 | 9194 |
|---|---|---|
| Gas | 8820 | 9769 |
| Electricity | 14374 | 17975 |
| Water | 6337 | 3238 |
| Waste Collection | 1021 | 2399 |
| 39915 | 42575 |
13 Fixed Assets and Depreciation
Land Value - No depreciation has been included. 31/8/2019 Valuation £3m 31/8/2020 index change 4.37837% ----- £3,131,351
Buildings – 31/8/2019 Valuation £5.586,000 31/8/2020 index change 4.37837% ----- £5.830,576
Increase in fixed Asset valuation ------- £375,927 Increase in church property & land valuation recorded as “Other gains / losses”
Building Depreciation (2%) --------- £116,612
Net 31/8/2020 Building Valuation ----- £5,713,964
Property Fixed Assets 31/8/2020 ------------- £8,845,315
All other items - Only single items with a purchase price over £1,000 will be included and they will be depreciated over 5 years. Depreciation will be applied in the year of purchase.
| Depreciation will be applied in the year of purchase. | Depreciation will be applied in the year of purchase. | ||||
|---|---|---|---|---|---|
| Item Purchased |
Price | Depreciation | |||
| Round Tables & Storage Racks (For Church Use) 17/05/2019 |
3108 | 622 | From 2018/19 to 2023/24 | ||
| Balance of Tangible Assets at | 31/8/2019 | 2486 | |||
| Depreciation | 622 | ||||
| Balance of Tangible Assets at | 31/8/2020 | 1864 | |||
| 14 | Office Expenses | 31/08/2020 | 31/08/2019 | ||
| Telephones | 2624 | 2501 | |||
| Stationery | 18 | 68 | |||
| Photocopier | 1256 | 1231 | |||
| Total | 3898 | 3800 | |||
| Year Ending | Year Ending | ||||
| 15 | Other Charitable Expenditure | 31/08/2020 | 31/08/2019 | ||
| Fund Raising Expenses | 221 | 328 | |||
| Pension Contributions (Includes Lantern Coffee House Staff) | 5731 | 8849 | |||
| Tax & NI Contributions (Includes Lantern Coffee House Staff) | 1781 | 4208 | |||
| Church Employee Salaries | 9329 | 25634 | |||
| Centre Manage (Sub-contract) | 19500 | 10000 | |||
| Payroll Charges | 461 | 444 | |||
| Miscellaneous Expenses | 114 | 511 | |||
| Lantern Coffee House – VAT | 10732 | ||||
| Less LCH transfers | -8007 | ||||
| Lantern | Coffee House Support / Equipment Purchases | 1400 | 3920 | ||
| Worship Costs | 536 | 1051 | |||
| Youth Club | 0 | 71 | |||
| Lantern Project | 2081 | ||||
| Charges for Card Machine used for donations | 150 | ||||
| Flower Fund Donation | shown as Income in Internal Organisation line | 0 | 144 | ||
| Property & Land Valuation | 120 | 2000 | |||
| Audit / Independent Examination | 1500 | 3000 | |||
| Total | 45649 | 60160 |
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
| 16. Payment to Trustees Payments made to trustees for additional services provided to the Church by agreement with the Church Council Meeting £ |
This year 0 |
Last year |
|---|---|---|
| 0 |
Note:- The Methodist Minister are not direct employees of the charity. They are paid by the Methodist Connexion. The charity makes contributions to the Wimbledon Circuit (Circuit Assessment) which among other things funds their stipends.
| Number of trustees who were paid expenses Nature of the expenses All payments were against receipts:- Fund raising Expenses (£89) Worship Related (£53) Petty Cash & Maintenance Items (£214) Total amount paid £ 17. Fees for examination or audit of the accounts Independent examiner’s or auditors' fees for reporting on the accounts £ Other fees (e.g.: advice, accountancy services) paid to the independent examiner or auditor £ 18a. Paid employees (Directly Employed by the Church) Staff Costs paid during the year were: Gross wages, salaries and benefits in kind £ Employer’s National Insurance costs (Impact of Statutory Sick Pay on Employer NIC rebate has not been included here) £ Pension costs £ Total staff costs £ Average number of staff employed during the year were: |
4 356 1500 0 10,060 188 1,107 11,355 1 |
5 |
|---|---|---|
| 2,722 | ||
| 3000 | ||
| 0 | ||
| 28,949 | ||
| 130 | ||
| 1,724 | ||
| 30,803 | ||
| 2 |
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
18b. Paid employees (Internal Organisation Employed [Lantern Coffee House])
(Net wages have been paid from the Lantern Coffee House income; NI; Tax & Pension has been paid from the Charity Accounts)
| Staff Costs paid during the year were: Gross wages, salaries and benefits in kind £ Employer’s National Insurance costs (Impact of Statutory Sick Pay on Employer NIC rebate has not been included here) £ Pension costs £ Total staff costs £ Average number of staff employed during the year were: |
43,602 1,407 4,839 49,848 7 |
|
|---|---|---|
| 55,785 | ||
| 134 | ||
| 2,699 | ||
| 58,618 | ||
| 7 | 7 |
No Employee received emoluments of more than £60,000.
19. Report on Pension Scheme
The Lantern Methodist Church uses TPT Retirement Solutions to provide a pension scheme for it employees (both those directly employed and those employed by the Lantern Coffee House an internal organisation). Information on the scheme performance is available is available on the TPT Retirement Solutions website – www.tpt.org.uk
The church offers a Defined Contribution Scheme (The Flexible Retirement Plan) to its employees.
In line with Methodist Church policy the pension scheme is based on a 6% contribution both by the employees and employer.
20. Investments
The investments that support the various funds are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments.
TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference.
Analysis of investment movements
This Year Last Year
Change in investment values
----- Start of picture text -----
Value at beginning of year 66,071 86,757
,Add: Additions 0 0
Less: Withdrawals (Including interest paid) 10,493 21,921
Add: Interest less administration 112 1,235
Value at end of year 55,690 66,071
TMCP currently hold legacy funds as shown on the Balance Sheet (Page 14) of this report.
This Last
21. Analysis of current assets
year year
Debtors and prepayments
£ £
Prepayments (Credits) – Gift Aid / Utility Credit /
0 263
Other debtors (including lettings & rent) 8,758 1,606
Total debtors and prepayments 8,758 1,869
Analysis of cash at bank
Cash in hand
90 0
Bank balance held in HSBC Account
6,667 18,018
Bank balance held in Barclays (Lantern Centre
Account) 785 9,850
Bank balance held in Barclays (Salaries Account)
1,349 4,438
Bank balance held in Barclays (Church Account)
728 2,865
Deposit Account balance Central Finance Board of
the Methodist Church (Trustees Account) 10,051 14,809
Deposit Account balance Central Finance Board of
the Methodist Church (Revenue Reserve Account) 3,079 8,035
Trustees For Methodist Church Purposes
(Trust Funds relating to Legacies) Non-Restricted 55,690 66,071
Total Cash and Bank
78,439 124,086
Debtors & Pre-payments
8758 1,869
Internal Organisations
3,507 4,729
Total Current Assets
90,704 130,684
----- End of picture text -----
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
22. Analysis of current liabilities
Trade Creditors Other Creditors Less Money held for External Charities & Deposits held Total Current Liabilities
----- Start of picture text -----
0 0
4,013 12,180
523 149
4,536 12,329
----- End of picture text -----
23. Capital commitments and contingent liabilities
At the 31st August 2020 the Church has no capital commitments.
No Contingent liabilities were identified at 31st August 2020.
24. Restricted Funds
No Restricted Funds are currently held by the charity.
----- Start of picture text -----
Fund Name Opening Income Expenditure Transfers Revaluation Closing
Balance gains/losses Balance
Totals
----- End of picture text -----
Internal Organisation funds are excluded from this analysis.
25. Related Party Transactions
----- Start of picture text -----
This year
Name of related party Relationship Description Income Paymen Loans to Amounts
of from ts to / (from) owed by /
transaction related related related (to)
party party party related
during during during party as on
the the year the year 31-Aug-
year 2020
£ £ £ £
Wimbledon Methodist Charity is part of Circuit
Church Circuit the Circuit Assessment 21,356
Total 0 21,356 0 0
----- End of picture text -----
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THE LANTERN METHODIST CHURCH
(of Raynes Park and Wimbledon)
Last year
| Last year | ||||||
|---|---|---|---|---|---|---|
| Name of related party | Relationship | Description of transaction |
Income from related party during the year Paymen ts to related party during the year Loans to / (from) related party during the year Amounts owed by / (to) related party as on 31-Aug- 2019 |
|||
| £ £ £ £ |
||||||
| Wimbledon Methodist Church Circuit |
Charity is part of the Circuit |
Circuit Assessment |
24,214 | |||
| Total | 0 | 24,214 | 0 | 0 |
26 MOVEMENT IN FUNDS
| Balance at | Income | Balance at | |||
|---|---|---|---|---|---|
| 1 September | (incl. gains) | Expenditure | Transfers | 31 August | |
| 2019 | (incl. losses) | 2020 | |||
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 8,706,841 | 558,277 | 331,771 | 0 | 8,933,347 |
| Restricted funds | 0 | 0 | 0 | 0 | 0 |
| Total Funds | 8,706,841 | 558,277 | 331,771 | 0 | 8,933,347 |
Currently the church does not hold any Restricted funds.
The comparative figures for the previous year are shown below -
| Balance at | Income | Balance at | |||
|---|---|---|---|---|---|
| 1 September | (incl. gains) | Expenditure | Transfers | 31 August | |
| 2018 | (incl. losses) | 2019 | |||
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 8,542,080 | 543,249 | 378,488 | 0 | 8,706,841 |
| Restricted funds | 0 | 0 | 0 | 0 | 0 |
| Total Funds | 8,542,080 | 543,249 | 378,488 | 0 | 8,706,841 |
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THE LANTERN METHODIST CHURCH
(of Raynes Park and Wimbledon)
The Lantern Methodist Church (of Raynes Park and Wimbledon)
DECLARATIONS
Treasurer
I confirm that I have prepared the accounts from the records of the church and that they include all funds under the control of the Church Council
----- Start of picture text -----
Signed
7 [th] March 2021
Signature of Treasurer Date
Name Roy C Newitt
Address 21 Sandringham Road
Worcester Park
Surrey
----- End of picture text -----
Presentation to the Church Council Meeting for approval.
I confirm that the Accounts were, or will be presented to the 7[th] March 2021 Church Council Meeting on
and were approved.
----- Start of picture text -----
Signature of the Chair of the
Signed
meeting
Name of the Chair of the
Deacon Dawn Canham
meeting
Date
15 [th] March 2021
----- End of picture text -----
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THE LANTERN METHODIST CHURCH
(of Raynes Park and Wimbledon)
Independent Examiner’s Report to the Trustees of The Lantern Methodist Church (of Raynes Park and Wimbledon)
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31[st] August 2020 which are set out on pages 13 to 25.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed
Stephen Jones FCA ℅ Myrus Smith, Chartered Accountants Norman House 8 Burrell Road Sutton, Surrey SM1 4BW
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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)
Appendix A ----- Church Council as elected at the AGM 2/5/2019
Restrictions as a result of the COVID19 pandemic has resulted in the 2020 AGM being cancelled with the result that all appointments are extended to the AGM to be held in 2021.
The CC is a body corporate and a charity accepted for registration with the Charity Commission. The CC members that have served until the date of this report was approved are:
Ex Officio members
Chair: Deacon Dawn Canham Treasurer: Roy Newitt CC Secretary: Wendy Siemaszko Church Stewards: Dawn Downes Juliette Jaeger Margaret Redway Angela Linton-Smith (Safeguarding Officer)
Elected members:
Lorna Giraud Rosemary Evans Sue Fuller Mike Fuller Anita Brown Alan Brown Humphrey Jaeger Ashleigh Linton-Smith (from 1/9/2020)
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