2021-08-31-accounts

THE LANTERN METHODIST CHURCH

(of Raynes Park and Wimbledon)

Charities and Public Benefit Annual Report For the year ending 31[st] August 2021 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 Alan Brown

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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 31st August 2021. 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 1302) (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 and Executive summary

The past year at The Lantern Methodist Church has seen some exciting changes. Due to the impact of Covid-19 the charity has continued to develop new ways of worshiping and committing to hybrid gatherings through the use of various online social media. Partnership has been the key to recovery as the world emerges from the pandemic, it is at the core of our mission. The trustees of The Lantern Methodist Church would like to take this opportunity to underline that although in our financial statement it appears we have assets (buildings) which could realise if sold approx £9,000,000 only a very small fraction of that sum would be available to The Lantern Methodist Church as all Methodist Churches are only managed by local trustees in a format of The Model Trust Fund. Any monies from the sale of Methodist Premises goes back to the Methodist Connexional accounts. The Lantern Methodist Church in real terms has approx £92,500 in unrestricted funds to manage and maintain our work across both Raynes Park and Wimbledon. The charity relies on donations, fund raising and rental of its premises.

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. 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

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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;

d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church;

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THE LANTERN 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 as Covid-19 restrictions have been reduced.

The use of our buildings has widened, with a joint venture between The Lantern Methodist Church, YMCA and Merton Winter Night Shelter. December 2020 saw the use of the flats at our Wimbledon building used as individual accommodation for the homeless, the hope is to continue this work alongside the YMCA and provide accommodation for those most vulnerable in our communities.

The relationship between The Lantern Methodist Church and The Lantern Arts Centre continues to grow and deepen. Discussions are underway to create a collaboration agreement with a joint working group to further our shared vision and mission whilst remaining distinct. This also includes an exciting and ambitious refurbishment of the Raynes Park site to provide excellent facilities to our diverse communities. The refurbishment of our Grade 2, 110 year old building at Raynes Park will further our commitment to be good stewards of our resources.

In addition to its regular activities the church held; 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.

The Lantern Coffee House has been refreshed internally through the hard work of volunteers, unfortunately due to reduced church finances over the past 2 years employment of a coffee house manager still remains at this time impossible. The facilities are used by the church and Lantern Arts Centre but not open to the public. It is hoped that it may open in the future with the commitment of volunteers from the community and run as a social enterprise. This would enable the charity to reach out the local colleges and provide a space for training, work experience and a more affordable meeting place for those on reduced income.

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. The reduction in the 2019/20 year of about 30% has during 2020/21 reduced due to the partial re-opening of the church and an increase in members donating via standing orders and BACs transfers has resulted in an increase of 20% over giving in 2019/20.

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THE LANTERN METHODIST CHURCH

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No fundraising events for church funds were held during the year. Events are expected to resume during 2021/22.

Gift aid tax credit received on the giving by church members and giving by other members of the congregation.

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 in 2019. The impact of COVID 19 has seen the premises hire receipts decrease by over £30,000 and this has also been the case in 2020/21.

Rental income from two church owned flats which are part of the Wimbledon Church complex increased during 2020/21 as one flat was used by the YMCA to house homeless people during the pandemic.

Ignoring the previous year income of the Lantern Coffee House which is now closed other income of the church increased by about 16%, ignoring grants this drops to 7%.

The church’s total income for the year is again 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) has impacted income, but due to careful management of the church has operating profit for the year of £5.1k (£6.6k when Internal Organisations loses excluded) compared to a loss of £28.5k last year.

Expenditure trends

A major cost is in relation to the assessment paid to the Wimbledon Circuit, this amounts to 18% of our total cost this year. The Circuit assessment which is calculated on the number of members reduced by 3% following a reduction in membership numbers due to deaths and members moving away.

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 last year. This has dropped to below previous level’s this year – some of which is due to incorrect invoicing.

It is planned to lease the Church flats (Wimbledon site) to the YMCA for 5 years who will use the flats to provide “Move on” accommodation under the government scheme to help move homeless into permanent housing.

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THE LANTERN METHODIST CHURCH

(of Raynes Park and Wimbledon)

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 Alan Brown

Independent Examiner :- 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

Worshiping God through the use of prayer, song and other acts of worship. 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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THE LANTERN METHODIST CHURCH

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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 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

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THE LANTERN METHODIST CHURCH

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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. 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 Christ-Centred space for all.

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THE LANTERN METHODIST CHURCH

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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:

• Worship and prayer; learning about the Gospel; and developing their knowledge and trust in God.

• Provision of pastoral care for people living in the local area.

• 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 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

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• 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.

• a commitment to challenge any abuse of power, especially by anyone in a position of trust.

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• 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 the unrestricted church funds held by the Lantern Methodist Church.

At 31st August 2021 the Church held unrestricted funds of £9,188,957 (2020 £8,933,847) of which £9,096,411 (2020 £8,845,315) represented the value of the Church Property leaving net unrestricted funds of £92,546 (2020 £88,532)

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 2021/22).

Restricted funds are excluded from the Reserves Policy as they are not available for purposes other than for which they are restricted.

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THE LANTERN METHODIST CHURCH

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:

• select suitable accounting policies then apply them consistently.

• observe the methods and principles in the Charities SORP 2019 (FRS 102);

• make judgements and estimates that are reasonable and prudent.

• state whether applicable accounting standards have been followed; subject to any material departures disclosed and explained in the financial statements;

• 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.

For and on behalf of the Trustees

Signed ……Deacon Dawn Canham…………………

Date: 5/12/2021

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THE LANTERN METHODIST CHURCH

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Statement of Financial Activities (SOFA) for the year ended 31 August 2021

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 2020/21 £ £ £ £ £ 18,015 18,015 1,406 415 1,821 2,464 2,464 322 322 2,549 2,549 104,010 11,667 115,677 128,766 0 12,082 0 140,848
	22,113 22,113 416 416 24,005 24,005 34,270 34,270 119,684 119,684 3,184 3,184 38,412 2,082 40,494 4,061 4,061 246,145 0 2,082 0 248,227
	3,151 3,151 0 0 (114,228) 0 10,000 0 (104,228) 0 0 370,158 370,158 255,930 0 10,000 0 265,930
	8,933,347 0 0 0 8,933,347 9,189,277 0 10,000 0 9,199,277

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THE LANTERN METHODIST CHURCH

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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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THE LANTERN METHODIST CHURCH

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Balance Sheet as at 31 August 2021

----- Start of picture text -----
General Fund Designated Restricted Endowment Totals 2021 Totals 2020
(Unrestricted) Funds Funds Funds
Notes to the (Unrestricted)
Accounts £ £ £ £ £ £
Fixed Assets
Church building and
other property 13 9,096,411 9,096,411 8,845,315
Other Assets 13 1,242 1,242 1,864
Investments 0 0
Total fixed assets 9,097,653 0 0 0 9,097,653 8,847,179
Current Assets
Debtors and
prepayments 21 6,608 6,608 8,758
Internal Organisations 8 1,995 1,995 3,507
Investments with
TMCP 20 58,841 58,841 55,690
Central Finance Board
Deposits
21 10,340 10,340 13,130
Cash at Bank and in
hand 21 17,672 10,343 28,015 9,619
Total current assets 95,456 0 10,343 0 105,799 90,704
Current liabilities
Creditors (due in under
1 year)
22 3,832 3,832 4,013
Tenant Deposits
22 500
External Charity 22 343 343 23
Total current
liabilities 3,832 0 343 0 4,175 4,536
Net current
assets/liabilities 91,624 0 10,000 0 101,624 86,168
Total assets less
current liabilities 9,189,277 0 10,000 0 9,199,277 8,933,347
Long term liabilities
(due after more than
one year)
Grants payable after
2018-19 0 0
Loans to the Church 0 0
Net assets 26 9,189,277 0 10,000 0 9,199,277 8,933,347
----- End of picture text -----

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Funds of the Church

----- Start of picture text -----
General Fund
(Unrestricted) 26 9,189,277 9,189,277 8,933,347
Designated Funds
(Unrestricted) 0 0 0
Total Unrestricted
Funds 9,189,277 8,933,347
Restricted Funds 10,000 10,000 0
Endowment Funds 0 0 0
Total Funds 9,189,277 0 10,000 0 9,199,277 8,933,347
----- End of picture text -----

3

The notes on pages 17 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 : Alan Brown signed Chair of Church Council : Deacon Dawn Canham signed Date 2/12/2021

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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

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.

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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.

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 (Restricted – Night Shelter 320 & MHA 95) Total 6. Gift Aid Gift Aid	Year Ending 31/08/2021 £ 17,570 445 18,015 406 1,000 415 1,821 31/08/21 £ 2,464	Year Ending 31/08/2020 £ 4,840 6,166
		11,006
		4031 0 0 4,031 31/08/20 £ 3,894

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7. Interest and investment income CFB - Deposit Account interest TMCP - Trust Fund Interest Total Increase / (Decrease) in TMCP investment value is shown in row 17 on the accounts sheet.	£ 17 305 322 3,151	£ 149 493
		642
		(381)

8 Internal Organisations

There are three internal organisations - The Lantern Coffee; Fellowship and the Flower Fund.

The Lantern Coffee house ceased trading on the 31/8/2020 with some residual financial transactions this year.

A fund has been established to support its re-opening and fund raising has taken place this year.

The Fellowship ceased meeting and the members agreed to transfer its funds to the Lantern Coffee house fund.

	Opening			Profit /	Closing
	Balance	Income	Expenditure	(Loss)	Balance
	01/09/202				31/08/202
	0				1
	£	£	£	£	£
Lantern Coffee House	3,056	2,549	3,770	(1,221)	1,834
Fellowship	251	0	251	(251)	0
Flower Fund	200	0	40	(40)	160
Rounding error					1
Totals from Internal Organisation Accounts	3,507	2,549	4,061	(1,512)	1,995

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THE LANTERN METHODIST CHURCH

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		Year Ending	Year Ending
		31/08/2021	31/08/2020
9	Other Charitable Income	£	£
	Premises Hire	74,050	74,478
	Costume Store (Joint venture with the Lantern Arts Centre)
	Included in Premises Hire for 20/21	0	5,175
	Lantern Arts Centre - Contribution for use of premises
	Included in Premises Hire for 20/21	0	5,700
	Church Flats (Rent)	27,310	11,400
	Refund of shared property costs from Wesley Court flats	0	1,427
	Fund raising	0	1,602
	Fund raising for Lantern Coffee relaunch	1,650	0
	Grants

Two restricted funds grants have been received –

£1,667 from London District (Via the Wimbledon Circuit for online
broadcasting of services during COVID Pandemic and for return of
of Face to Face meetings post pandemic.
£10,000 for Architect fees for the Lantern Project to upgrade the
Raynes Park site.	11,667	0
Miscellaneous Income	0	0
Totals	114,677	99,782
Grants & Donations	£	£
Care for Uganda (Child Sponsorship)	216	216
Tear Fund donation	0	5
Connexional Funds	200	0
Totals	416	221
Property Maintenance	£	£
Cleaning	6,158	5,745
Maintenance	8,348	9,176
Lift Maintenance	2,724	6,085
Flats	2,719	12,497
Flats - Council Tax	4,056	3,853
Totals	24,005	37,356

10 Grants & Donations

11 Property Maintenance

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12 Insurance, utilities etc.

Insurance, utilities etc.
	Insurance	9,459	9,363
	Gas	9,832	8,820
	Electricity	11,023	14,374
	Water	2,757	6,337
	Waste Collection	1,199	1,021
Totals		34,270	39,915

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 31/8/2021 index change 4.18479% ------ £3,262,391

Buildings –

31/8/2019 Valuation £5.586,000

31/8/2020 index change 4.37837% ----- £5.830,576

31/8/2021 index change 4.18479% ------ £5,953,081

Increase in fixed Asset valuation in year ending 31/8./2021 ------- £370,158

Increase in church property & land valuation recorded as “Other gains / losses”

Building Depreciation (2%) --------- £119,062 Net 31/8/2021 Building Valuation ----- £5,713,964 Property Fixed Assets 31/8/2021 ------------- £9,096,411

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.

Item	Purchased	Price		Depreciation	Depreciation
Round Tables & Storage Racks (For Church Use)	17/05/2019		3,108	622	Rate from 2018/19 to 2023/24
				1,244	Depreciation to 31/8/20
Balance of Tangible Assets at 31/8/2020			1,864
Depreciation				622
Balance of Tangible Assets at 31/8/2021			1,242

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THE LANTERN METHODIST CHURCH

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			Year Ending	Year Ending
			31/08/2021	31/08/2020
14	Office Expenses		£	£
		Telephones	2,020	2,624
		Stationery	79	18
		Photocopier	1,085	1,256
	Total		3,184	3,898
15	Other	Charitable Expenditure (see note)	£	£
		Fund Raising Expenses	0	221
		Pension Contributions (Includes Lantern Coffee House Staff)	1,501	5,731
		Tax & NI Contributions (Includes Lantern Coffee House Staff)	114	1781
		Church Employee Salaries	9,664	9,329
		Centre Manage (Sub-contract)	21,000	19,500
		Payroll Charges	461	461
		Miscellaneous Expenses	151	114
		Lantern Coffee House – VAT	0	10,732
	Less LCH Internal Organisation Account transfers to cover VAT payments		0	(8,007)
		Lantern Coffee House Support / Equipment Purchases	4	1,400
	Lantern Coffee House – Fund raised transfer to Internal Organisation &
		Expenses incurred in Church accounts (£74)	1,650	0
		Worship Costs	684	536
		Lantern Project	2,787	2,081
		Wesley Court Shared Costs	488	0
		Charges for Card Machine used for donations	75	150
		Payments to External Charities of Collections taken on their behalf	95	0
	Night Shelter ( External Money shown as a liability on balance sheet)		320	0
		Property & Land Valuation	0	120
		Audit / Independent Examination	1,500	1,500
	Total		40,494	45,649

Note Restricted Funds Expenditure of £1,666

The grant £1,666 was to enable the Church to broadcast services and prepare the premises for re-opening as allowed under government guidance following the COVID19 pandemic. The expenditure covered the improvement of the WIFI in the church, additional cleaning, improved signage (COVID & temporary one-way system) and Sanitizing Stations. It has not been possible to breakout this expenditure across the specific areas.

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THE LANTERN METHODIST CHURCH

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HE 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 31/8/21 0	Last year 31/8/20
		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:- Miscellaneous (£151) Worship Related (£192) Maintenance Items (£50) 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 £		2 393 1,500 0		4
		393		356
				1,500
				0

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THE LANTERN METHODIST CHURCH

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18a. Paid employees (Directly Employed by the Church)

id 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:	31/8/21 10,333 213 623 11,169 1	31/8/20
		10,060
		188
		604
		10,852
		1

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)

All Lantern Coffee House Staff were made redundant in August 2020 – Final salaries were paid in September 2020.

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:	31/8/21 2,272 42 116 2,430 0	31/8/20
		43,602
		1,407
		4,839
		49,848
	0	7

No Employee received emoluments of more than £60,000.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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 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 55,690 66,071
,Add: Additions 0 0
Less: Withdrawals (Including interest paid) (305) (10,493)
Add: Interest less administration 3456 112
Value at end of year 58,841 55,690
----- End of picture text -----

TMCP currently hold legacy funds as shown on the Balance Sheet (Page 15) of this report.

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THE LANTERN METHODIST CHURCH

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21. Analysis of current assets Debtors and prepayments Prepayments (Credits) – Gift Aid / Utility Credit / Other debtors (including lettings & rent) Total debtors and prepayments

This year 31/8/21 £ 0 6,608 6,608	Last year 31/8/20 £
	0
	8,758
6,608	8,758

Analysis of cash at bank

Cash in hand

Bank balance held in HSBC Account Bank balance held in Barclays (Lantern Centre Account)

Bank balance held in Barclays (Salaries Account)

Bank balance held in Barclays (Church Account)

Deposit Account balance Central Finance Board of the Methodist Church (Trustees Account)

Deposit Account balance Central Finance Board of the Methodist Church (Revenue Reserve Account) Trustees For Methodist Church Purposes (Trust Funds relating to Legacies) NonRestricted Total Cash and Bank Debtors & Pre-payments Internal Organisations Total Current Assets

----- Start of picture text -----
0 90
748 6,667
23,585 785
313 1,349
3369 728
7,257 10,051
3,083 3,079
58,841 55,690
97,196 78,439
6,608 8,758
1,995 3,507
105,799 90,704
----- End of picture text -----

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THE LANTERN METHODIST CHURCH

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22. Analysis of current liabilities

. Analysis of current liabilities
Trade Creditors Other Creditors Less Money held for External Charities & Deposits held Total Current Liabilities	0 3,832 343 4,175	0
		4,013
		523
		4,536

23. Capital commitments and contingent liabilities

At the 31st August 2021 the Church has no capital commitments.

No Contingent liabilities were identified at 31st August 2021.

24. Restricted Fund

----- Start of picture text -----
Fund Name Opening Income Expenditure Transfers Revaluation Closing
Balance gains/losses Balance
1/9/2020 31/8/2021
£ £ £ £ £ £
9Lantern 0 10,000 0 0 0 10,000
Project
Totals 0 10,000 o 0 0 10,000
----- End of picture text -----

Internal Organisation funds are excluded from this analysis.

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25. Related Party Transactions

This year

----- Start of picture text -----
Name of related Relationship Description Income Payments Loans to / Amounts
party of transaction from to related (from) owed by / (to)
related party related related party
party during the party as on
during year during the 31-Aug-2021
the year year
£ £ £ £
Wimbledon Charity is
Methodist Church part of the Circuit
Circuit Circuit Assessment 21,356
Total 0 21,356 0 0
----- End of picture text -----

Last year

----- Start of picture text -----
Name of related Relationship Description Income Payment Loans to Amounts
party of from s to / (from) owed by /
transaction related related related (to) related
party party party party as on
during during during 31-Aug-2020
the year the year the year
£ £ £ £
Wimbledon
Methodist Church Charity is part Circuit
Circuit of the Circuit Assessment 21,113
Total 0 21,113 0 0
----- End of picture text -----

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THE LANTERN METHODIST CHURCH

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26 MOVEMENT IN FUNDS

	Balance at	Income			Balance at
	1 September	(incl. gains)	Expenditure	Transfers	31 August
	2020		(incl. losses)		2021
	£	£	£	£	£
Unrestricted funds
General fund	8,933,347	502,075	246,145	0	9,189,277
Restricted funds	0	12,082	2,082	0	10,000
Total Funds	8,933,347	514,157	248,227	0	9,199,277

The comparative figures for the previous year are shown below -

	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

In 2019 / 2020 the church did not hold any Restricted funds.

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THE LANTERN METHODIST CHURCH

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 5/12/21
Signature of Treasurer Date
Alan Brown
Name
Address 53 Richmond Rd
West Wimbledon
SW20 0QD
----- End of picture text -----

Presentation to the Church Council Meeting for approval.

----- Start of picture text -----
I confirm that the Accounts were, or will be presented to the 5/12/21
Church Council Meeting on
and were approved.
signed
Signature of the Chair of the
meeting
Deacon Dawn Canham
Name of the Chair of the
meeting
21/10/21
Date
----- End of picture text -----

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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 2021 which are set out on pages 13 to 29.

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:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act or

2. the accounts do not accord with those records; or

3. 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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Appendix A ----- Church Council as elected at the AGM 8/8/2021

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 on 8th August 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: Alan Brown 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 (Treasurer from 1/9/2021) Humphrey Jaeger Ashleigh Linton-Smith (from 1/9/2020)

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