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2022-08-31-accounts

THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

Charities and Public Benefit Annual Report for the year ending 31[st] August 2022 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 Stewards: 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 31[st] August 2022. 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 & Executive Summary

The past year at The Lantern Methodist Church has focused on learning and understanding to enable us to work with our local communities. This has resulted in the charity becoming registered to conduct same-sex marriages (we were already registered to conduct mixed sex marriages).

The charity has continued to develop new ways of worshiping and committed to hybrid gatherings through the use of various online social media. This has enabled a wider diversity of participation with our worship gatherings. Partnership has been the key to this and 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. £9,700,000 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. £82,000 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.

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THE LANTERN METHODIST CHURCH

(of Raynes Park and Wimbledon)

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

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;

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THE LANTERN METHODIST CHURCH

(of Raynes Park and Wimbledon)

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;

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 total operating income 2021-22 was £150,323, which was an increase of 17% compared to the previous year. Donations and legacies decreased by 20%. The main increase in income was due to lettings which increased by 19% to £122,981. This could have been higher had the planned lease of the Wimbledon flats to the YMCA been successful. Gift Aid was not claimed in this financial year.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

Expenditure trends

The total operating expenditure in 2021-22 was £154,075. This was approx. £38k more than the previous year. Some of this additional expenditure was unusual and is detailed below:

Outside of the operating expenditure a further £15k was spent on the Lantern Building Project. This expenditure was funded in part by the £10k grant received in the previous accounting year.

As such whilst the net income /expenditure shows a slight loss, the unusual expenditure listed would not be expected in the coming year.

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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).

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 Examiners:

Delta House, Bridge Road, Haywards Heath, West Sussex RH16 1UA.

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.

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.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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 an increase in the lettings in both building due in large to having a dedicated centre manager. We have also employed Mrs Angela Linton Smith (May 2022) in the role of Mission Lay Worker for the Wimbledon building.

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 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.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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 Christ-Centred space for all.

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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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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: -

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.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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. • 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.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

Reserves Policy

This reserves policy covers all church funds held by the Lantern Methodist Church.

At 31st August 2022 the Church held unrestricted funds of £9,712,695 (2021 £9,189,277) of which £9,630,543 (2021 £9,096,411) represented the value of the Church Property leaving net unrestricted funds of £82,152 (2021 £92,866).

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 2022/23).

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

Date: 21.04.2023

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

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 2021/22
£
£
£
£
£
17,370
17,370
2,699
2,699
0
0
491
491
4,235
4,235
126,020
126,020
150,815
0
0
0
150,815
22,168
22,168
257
257
35,009
35,009
37,624
37,624
83,977
83,977
8,085
8,085
54,215
10,000
64,215
2,265
2,265
243,600
0
10,000
0
253,600
(1,234)
(1,234)
0
0
(94,019)
0
-10,000
0
(104,019)
0
0
617,437
617,437
523,418
0
-10,000
0
513,418
9,189,277
0
-10,000
0
9,199,277
9,712,695
0
0
0
9,712,695

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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
9,189,377
0
10,000
0
9,199,277

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

Balance Sheet as at 31 August 2022

Fixed Assets Notes to the
Accounts		 3 Totals 2022
£
9,630,543
834
0
9,631,377
2,154
3,965
57,607
3,163
17,871
84,760		 Totals 2022
£
9,630,543
834
0
9,631,377
2,154
3,965
57,607
3,163
17,871
84,760
General Fund
(Unrestricted)
£		 Designated
Funds
(Unrestricted)
£		 Restricted
Funds
£		 Endowment
Funds
£		 Totals 2022
£		 Totals 2021
£
Church building and
other property		 13 9,630,543 9,630,543 9,096,411
Other Assets 13 834 834 1,242
Investments 0 0
Total fixed assets 9,631,377 0 0 0 9,631,377 9,097,653
Current Assets
Debtors and
prepayments		 21 2,154 2,154 6,608
Internal Organisations 8 3,965 3,965 1,995
Investments with TMCP 20 57,607 57,607 58,841
Central Finance Board
Deposits		 21 3,163 3,163 10,340
Cash at Bank and in
hand		 21 17,871 17,871 28,015
Total current assets 84,760 0 0 0 84,760 105,799
Current liabilities
Creditors (due in under
1 year)		 22 3,099 3,099 3,832
Tenant Deposits 22 0 0
External Charity 22 343 343 343
Total current liabilities 3,442 0 0 0 3,442 4,175
Net current
assets/liabilities		 81,318 0 0 0 81,318 101,624
Total assets less
current liabilities		 9,712,695 0 0 0 9,712,695 9,199,277
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 9,712,695 0 0 0 9,712,695 9,199,277
Funds of the Church 9,712,695
0
9,712,695
0
0
9,712,695
General Fund
(Unrestricted)		 26 9,712,695 9,712,695 9,189,277
Designated Funds
(Unrestricted)		 0 0 0
Total Unrestricted Funds 9,712,695 9,189,277
Restricted Funds 0 10,000
Endowment Funds 0 0 0
Total Funds 9,712,695 0 0 0 9,712,695 9,199,277

3

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 : Alan Brown signed Date 18.04.2023 Chair of Church Council : Dawn Canham signed Date 21.04.2023

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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 31/8/2022. 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
(Restricted – Night Shelter)		 Year Ending
31/08/2022
14,640
2,730
17,370
2,699
2,699		 Year Ending
31/08/2021
17,570
445
18,015
406
1,000
415
1,821
  1. Gift Aid

The amount per year based on which tax year the donations were made are as follows: -

Gift Aid
7.
Interest and investment income
CFB - Deposit Account interest
TMCP - Trust Fund Interest
Total
Increase / (Decrease) in TMCP investment
value is shown in row 18:		 0
20
471
491
(1,234)		 2,464
17
305
322
3,151

.

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

8 Internal Organisations

There are three internal organisations - The Lantern Coffee House; 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
01/09/2021 31/08/2022
Lantern Coffee House 1,834 4,235 2,265 1,970 3,804
Fellowship 0 0 0 0 0
Flower Fund 161 0 0 0 161
Totals from Internal Organisation Accounts 1,995 4,235 2,265 1,970 3,965
Year Ending Year Ending
9 Other Charitable Income 31/08/2022 31/08/2021
Premises Hire 116,982 74,050
Costume Store (Joint venture with the Lantern Arts Centre)
Included in Premises Hire for 21/22 0 0
Lantern Arts Centre - Contribution for use of premises
Included in Premises Hire for 21/22 0 0
Church Flats (Rent) 6,000 28,310
Refund of shared property costs from Wesley Court flats 0 0
Fund raising 0 0
Fund raising for Lantern Coffee relaunch 0 1,650
Grants 497 11,667
Miscellaneous Income 2,541 0
Totals 126,020 115,677
10 Grants & Donations
Care for Uganda (Child Sponsorship) 162 216
Methodist Housing 95 0
Tear Fund donation 0 0
Connexional Funds 0 200
Totals 257 416
11 Property Maintenance
Cleaning 9,315 6,158
Maintenance 16,614 8,348
Lift Maintenance 770 2,724
Flats 4,058 2,719
Flats - Council Tax 4,252 4,056
Totals 35,009 24,005
12 Insurance, utilities etc.
Insurance
9,935		 9,459
Gas 8,596 9,832
Electricity 16,371 11,023
Water 1,627 2,757
Waste Collection 1,095 1,199
Totals 37,624 34,270

13 Fixed Assets and Depreciation

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

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 31/8/2021 index change 6.99999% ------ £3,480,971

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 31/8/2022 index change 6.99999% ------ £6,351,937

Increase in fixed Asset valuation in year ending 31/8/2022 ------- £617,436

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

Building Depreciation (2%) --------- £202,365

Net 31/8/2022 Building Valuation ----- £6,149,572

Property Fixed Assets 31/8/2022 ------------- £9,630,543

All other items - Only single items 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		 3108 622 From 2018/19 to 2023/24
Office Equipment 15/03/2022 265 51 From 2021/22
Balance of Tangible Assets at 31/8/2021 1,242
Depreciation 673
Balance of Tangible Assets at 31/8/2022 834
14 Office Expenses 31/08/2022 31/08/2021
Telephones 862 2,020
Stationery 126 79
Photocopier 1,515 1,085
IT Costs 5,503 0
Misc Office 79 0
Total 8,085 3,184
Year Ending Year Ending
15 Other Charitable Expenditure (see note) 31/08/2022 31/08/2021
Fund Raising Expenses 511 0
Pension Contributions (Includes Lantern Coffee House Staff) 1,288 1,501
Tax & NI Contributions (Includes Lantern Coffee House Staff) 109 114
Church Employee Salaries 12,635 9,664
Centre Manage (Sub-contract) 23,750 21,000
Payroll Charges 1,139 461
Miscellaneous Expenses 195 151
Lantern Coffee House – VAT 0 0
Less LCH transfers 0 0
Lantern Coffee House Support / Equipment Purchases 0 4
Lantern Coffee House – Fund raised transfer to Internal Organisation &
Expenses incurred in Church accounts (£74) 0 1,650
Worship Costs 349 684
Lantern Project 15,548 2,787
Wesley Court Shared Costs 0 488
Legal Costs 7,731 0
Charges for Card Machine used for donations 0 75
Payments to External Charities of Collections taken on their behalf 0 95
Night Shelter (External Money shown as a liability on balance sheet) 0 320
Property & Land Valuation 0 0
Audit / Independent Examination 960 1,500
Total 64,215 40,494

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

16. Payment to Trustees

yment 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 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: -
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:		 0
2

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

19. Report on Pension Scheme

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The Lantern Methodist Church uses TPT Retirement Solutions to provide a pension scheme for it’s 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

Value at beginningofyear 58,841 55,690
Add: Additions 0 0
Less: Withdrawals(Includinginterestpaid) 1,706 305
Add: Interest less administration 472 3,456
Value at end ofyear 57,607 58,841

TMCP currently hold legacy funds as shown on the Balance Sheet (Page 14) of this report.

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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
£
0
2,153
2,153		 Last
year
£
0 0
2,153 6,608
2,153 6,608

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) Non-Restricted

Total Cash and Bank

Debtors & Pre-payments

Internal Organisations Total Current Assets

22. Analysis of current liabilities

Trade Creditors

Other Creditors

Less Money held for External Charities & Deposits held Total Current Liabilities

0 0
748

748
9,653 23,585
5 313
7,465 3,369
67 7,257
3,096 3,083
57,607 58,841
78,641 97,196
2,154 6,608
3,965 1,995
84,760 105,799
0
3,099
343
3,442
0 0
3,099 3,832
343 343
3,442 4,175

23. Capital commitments and contingent liabilities

At the 31st August 2022 the Church has no capital commitments.

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THE LANTERN METHODIST CHURCH

(of Raynes Park and Wimbledon)

No Contingent liabilities were identified at 31st August 2022.

24. Restricted Funds

No Restricted Funds are currently held by the charity.

Fund Name Opening
Balance		 Income Expenditure Transfers
Revaluation
gains/losses		 Closing
Balance
Totals

Internal Organisation funds are excluded from this analysis.

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25. Related Party Transactions

This year

This year
Name of related party Relationship Description
of
transaction		 Income
from
related
party
during
the
year		 Payment
s to
related
party
during
the year		 Loans to
/ (from)
related
party
during
the year		 Amounts
owed by /
(to) related
party as on
31-Aug-
2022
£ £ £ £
Wimbledon Methodist
Church Circuit		 Charity is part of
the Circuit		 Circuit
Assessment		 22,168
Total 0 22,168 0 0

Last year

Name of related party Relationship Description
of
transaction		 Income
from
related
party
during
the
year		 Payment
s to
related
party
during
the year		 Loans to
/ (from)
related
party
during
the year		 Amounts
owed by /
(to) related
party as on
31-Aug-
2021
£ £ £ £
Wimbledon Methodist
Church Circuit		 Charity is part of
the Circuit		 Circuit
Assessment		 22,113
Total 0 22,113 0 0

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

26 MOVEMENT IN FUNDS

Balance at Income Balance at
1 September (incl. gains) Expenditure Transfers 31 August
2021 (incl. losses) 2022
£ £ £ £ £
Unrestricted funds
General fund 9,189,277 767,018 243,600 0 9,712,695
Restricted funds 10,000 0 10,000 0 0
Total Funds 9,199,277 767,018 253,600 0 9,712,695

The comparative figures for the previous year are shown below -

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

Currently the church does not hold any Restricted funds.

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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 -----
18.04.2023
Signature of Treasurer Date
Alan Brown
Name
Address 53 Richmond Road, SW20 0QD
Presentation to the Church Council Meeting for approval.
I confirm that the Accounts were presented to the 21.04.2023
Church Council on
----- End of picture text -----

and were approved.

Signature of the Chair of the meeting

Name of the Chair of the Deacon Dawn Canham meeting Date 21.04.2023

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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 31st August 2022 which are set out on pages 12 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:

  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

Matthew Hunt Digivolve Accountants Delta House Bridge Road Haywards Heath West Sussex RH16 1UA

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THE LANTERN METHODIST CHURCH (of Raynes Park and Wimbledon)

Appendix A ----- Church Council as elected at the AGM 24/07/2022

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 Humphrey Jaeger Ashleigh Linton-Smith Jey Jeyarajah (appointed 24/07/2022)

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