THE LANTERN INITIATIVE CIC

Company limited by guarantee

Company Registration Number:
13239252 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THE LANTERN INITIATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE LANTERN INITIATIVE CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Safura Houghton
Hana Saeed
Mohsin Ali Hashmi


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 December 2024

And signed on behalf of the board by:
Name: Safura Houghton
Status: Director

THE LANTERN INITIATIVE CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 122,745 32,581
Cost of sales: ( 82,463 ) ( 25,482 )
Gross profit(or loss): 40,282 7,099
Administrative expenses: ( 39,793 ) ( 14,059 )
Other operating income: 1,543 7,231
Operating profit(or loss): 2,032 271
Interest payable and similar charges: ( 14 )
Profit(or loss) before tax: 2,018 271
Tax: ( 383 ) 0
Profit(or loss) for the financial year: 1,635 271

THE LANTERN INITIATIVE CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 0 6,858
Cash at bank and in hand: 4,344 9,566
Total current assets: 4,344 16,424
Creditors: amounts falling due within one year: 4 ( 2,415 ) ( 16,130 )
Net current assets (liabilities): 1,929 294
Total assets less current liabilities: 1,929 294
Total net assets (liabilities): 1,929 294
Members' funds
Profit and loss account: 1,929 294
Total members' funds: 1,929 294

The notes form part of these financial statements

THE LANTERN INITIATIVE CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 December 2024
and signed on behalf of the board by:

Name: Safura Houghton
Status: Director

The notes form part of these financial statements

THE LANTERN INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE LANTERN INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

THE LANTERN INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 2023
£ £
Prepayments and accrued income 0 6,858
Total 0 6,858

THE LANTERN INITIATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 2,032 0
Taxation and social security 383 1,705
Accruals and deferred income 0 14,425
Total 2,415 16,130

COMMUNITY INTEREST ANNUAL REPORT

THE LANTERN INITIATIVE CIC

Company Number: 13239252 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

We feel passionate about mental health as a topic and are keen to see a change in community attitudes. We believe communities have the skills and ability to effect mindset and change, which is why we work at grassroots level to support them from within. The Lantern Initiative works to educate and raise awareness around mental health issues in Muslim communities. We provide platforms for Muslims to discuss mental health topics more openly, thereby reducing the associated stigma. We carry our work out through events, workshops, coffee mornings and retreats all centred around mental health and psychology. The Lantern Initiative is a not-for-profit community group. Our services and projects are funded by grants and donations from various charities and individuals. Some events will be self-sustaining, supported by the sales of tickets and books.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 December 2024

And signed on behalf of the board by:
Name: Safura Houghton
Status: Director